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Veljan Denison Limited

Veljan Denison Limited

VELJAN.BO
Veljan Denison LimitedIN flagBombay Stock Exchange
1,089.40
INR
+13.55
- -
4.90BMarket Cap
Veljan Denison Limited
VELJAN.BO
(Bombay Stock Exchange)

Recent

price

1,089.40

P/E

ratio

- -

div

yld

- -

ROIC.AI

2009
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
93.92
- -
183.78
162.52
160.39
174.14
178.39
169.7
212.72
193.63
183.48
163.17
216.84
267.09
305.25
345.28
354.06
Revenue per Share
10.53
- -
25.21
22.1
18.76
28.98
27.87
32.25
36.17
36.3
29.86
15.23
37.5
35.61
49.05
52.71
55.72
Basic EPS, GAAP
19.92
- -
7.04
9.94
4.56
-8.07
26.9
37.22
37.97
64.63
14.67
40.44
9.04
10.22
11.1
19.8
- -
Free Cash Flow per Basic Share
1.82
- -
2.69
3.42
3.43
3.75
9.42
-0.3
4.7
5.39
10.36
0.44
5.43
3.13
10.2
9
- -
Dividend per Share
4.02
- -
116.83
132.32
143.93
163.71
182.64
211.56
237.27
263.1
276.46
20
20.65
17.9
25
30.22
- -
Book Value per Share
90.04
- -
145.49
163.14
177.55
200.74
222.59
254.87
284.71
315.17
333.12
348.38
380.9
404.47
448.07
494.21
- -
Tangible Book Value per Share
4
- -
4
5
4
5
4
4
4
4
4
4
4
4
4
4
4
Basic Weighted Avg Shares
420
- -
827
731
722
784
803
764
957
871
826
734
976
1,202
1,374
1,554
1,593
Sales/Revenue/Turnover
23.97
- -
24.02
22.69
18.8
25.88
24.1
27.06
26.37
26.39
21.71
12.68
22.82
17.31
20.81
20.3
20.71
Operating Margin (%)
26
- -
33
31
30
28
24
26
27
32
39
46
47
54
56
60
64
Depreciation Expense
47
- -
113
99
84
130
125
145
163
163
134
69
169
160
221
237
251
Net Income, GAAP
43.7
- -
36.59
32.73
32.65
33.99
29.69
25.21
34.43
27.93
25.83
23.55
27.28
25.84
25.36
28.23
27.77
Effective Tax Rate (%)
11.21
- -
13.72
13.6
11.69
16.64
15.62
19.01
17
18.75
16.27
9.34
17.3
13.33
16.07
15.27
15.74
Profit Margin (%)
251
301
385
463
548
675
790
940
1,030
959
899
941
1,088
1,035
1,168
1,347
- -
Working Capital
133
51
22
- -
- -
2
46
30
17
3
- -
- -
- -
- -
- -
5
- -
LT Debt
403
557
655
735
800
904
1,002
1,148
1,283
1,420
1,500
1,568
1,714
1,852
2,049
2,258
- -
Total Equity
10.4
- -
17.7
12.25
9.01
12.12
11.04
11.16
10.94
10.49
8.32
4.37
9.33
8.2
10.36
10.07
- -
Return on Invested Capital (%)
31.71
- -
33.28
14.21
11.16
15.5
13
13.16
13.04
12.74
10.4
9.47
97.3
97.67
127.32
119.02
363.98
Return on Capital (%)
261.85
- -
41.72
17.75
13.58
18.84
16.09
16.36
16.12
14.51
11.07
10.28
184.54
184.77
228.69
190.9
- -
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
ST Debt
- -
78
- -
LT Borrowings
- -
5
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
- -
4
- -
Market Capitalization
5,618
5,159
5,401

Working Capital

FRC

•

in mil. unless spec.
Jun'26
Sep'26
Dec'26
Total Current Assets
- -
1,759
- -
Cash, Cash Equivalents & STI
- -
499
- -
Accounts Receivable, Net
- -
391
- -
Inventories
- -
807
- -
Total Current Liabilities
- -
306
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
78
- -
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
9.62%
8.55%
10.2%
Free Cash Flow
-20.22%
39.61%
78.46%
Net Income, GAAP
14.4%
27.47%
7.45%
Sales/Revenue/Turnover
8.11%
14.48%
13.11%
Total Cash Common Dividend
-30.67%
244.02%
-11.74%

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
320
339
350
364
1,374
2025
369
373
400
411
1,554
2026
426
386
369
- -
- -

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
13.18
10.43
12.52
- -
49.05
2025
11.31
13.44
14.57
- -
52.71
2026
16.3
14.79
11.24
- -
- -

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
10.2
2025
- -
- -
- -
- -
9
2026
- -
- -
- -
- -
- -
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Business
Veljan Denison Limited manufactures hydraulic pumps, motors, valves, and custom-built power packs and manifold blocks for fluid power applications. The company offers vane pumps including single, double, triple, and drive train variants such as VTXB, VT6B, VT6C, VT7B, and VT67 series; gear pumps; hydraulic motors; pressure control, check, seat, flow control, directional control, stack, and mobile DC valves; hydraulic filters; power packs; manifolds; system savers; hydraulic cylinders; pneumatic products; and marine equipment comprising steering gear systems, fin stabiliser systems, hydraulic power units, control systems, and test facilities. It serves diverse sectors including agriculture, civil engineering, marine, mining, petrochemical, machine tools, and construction through a broad customer base with repeat orders, primarily in India and internationally via exports and group company Veljan Hydrair Limited. Founded in 1973 as a joint venture with Denison Hydraulics of the USA and headquartered in Hyderabad, India, with manufacturing facilities in Patancheru, the company maintains an in-house research and development wing for precision engineering components and operates as part of the Veljan group following its separation from Hagglunds of Sweden in 1994 and name change from Denison Hydraulics India Limited in April 2010. In August 2022, Veljan Denison acquired 100% of Adan Holding Limited for ₹13.90 crore, a UK-based hydraulic equipment manufacturer established in 1968 serving similar industries, enhancing scale and consolidated operations as reflected in total operating income growth to ₹137.69 crore in FY24 from ₹120.58 crore in FY23; the company also approved material related party transactions for FY25 including sales and purchases up to ₹110 crore with Veljan Hydrair Ltd and job work up to ₹35 crore with others, alongside a final dividend of ₹8.50 per share post-bonus issue in 2024.