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Veedol Corporation Limited

Veedol Corporation Limited

NSE: VEEDOL
Specialty ChemicalsBasic MaterialsSMALL CAPMCap ₹2.32k Cr
₹1,362.20₹0.80 (+0.06%)

Market Closed • NSE

Market cap₹2.32k Cr
Enterprise value₹2.10k Cr
P/E TTM10.53
P/B2.24
EPS TTM₹129.38
ROCE24.10%
D/E1.53
Dividend yield0.04%
Face value₹2.00
52W high₹1,858.00
52W low₹1,238.20
Price chart(1Y)
1Y Return:-3.99% (₹56.60)
H: ₹1,565L: ₹1,338
1W+0.67%
1M-1.67%
3M-3.07%
6M-5.31%
1Y-24.46%
Today at a glance

Day range

₹1,355.00₹1,372.00

52 week range

₹1,238.20₹1,858.00
Volume8.0K1.03x 20D avg
Free float50.00%+3.00% volume

Veedol Corporation Limited closed at INR1362.20 (+0.06%) on volume 1.03x its 20-day average, trading 26.68% below its 52-week high.

Technical analysis
RSI (14)43.3Neutral (30–70)
MACDBULLISHBullish (Above signal)
ATR (14)₹28.51Moderate
SMA 20₹1,365.57BEARISH
SMA 50₹1,431.14BEARISH
SMA 100₹1,434.25BEARISH
SMA 200₹1,429.59BEARISH
CPR bottom₹1,365.60
Pivot₹1,364.20
CPR top₹1,362.80
What changed recently?

2026-Q2

Q2 FY2026 Financial Results

PAT moved +36.8% QoQ

2026-07-17

DIVIDEND Announced

Dividend - Rs 22 Per Share

2026-02-06

DIVIDEND Announced

Interim Dividend - Rs 14 Per Share

Shariah audit
Methodology: AAOIFI Shariah Standard No. 21
PASS4/4 criteria
Shariah Compliant
CriteriaNumeratorDenominatorValueThresholdStatus
Interest-bearing debt ratio₹15.9 Cr₹2.32k Cr0.69%≤ 33%PASS
Non-halal income ratio–₹2.17k Cr0.00%≤ 5%PASS
Illiquid assets ratio₹1.24k Cr₹1.41k Cr88.04%≥ 20%PASS
Receivables ratio–₹1.41k Cr—≤ 49%PASS
Valuation & sector context
MetricCompanySector
P/E10.5321.90
Forward P/E——
P/B2.242.20
EV/EBITDA—18.00
PEG—1.00
Earnings yield9.504.60
Growth & profitability
RevenuePAT
FY24PAT margin 7.40%
FY25PAT margin 8.60%
FY26PAT margin 8.90%

Revenue and PAT bars use independent scales to make their year-on-year direction readable.

Revenue CAGR 3Y+3.20%
Revenue CAGR 5Y+2.40%
PAT CAGR 3Y+4.30%
PAT CAGR 5Y+6.00%
Operating margin14.81%
Net margin9.72%
Financial health & cash flow
Net debt–Moderate
Interest coverage80.70xEBIT / interest
CFO / PAT0.76x3Y average
Net debt / EBITDA—Leverage
Operating cash flow₹193.8 Cr
Capital expenditure–
Free cash flow₹159.2 Cr
Financial statements

Complete reported financial history · Values use the company's reporting currency

Hover over the chart for exact reported values. Percentage lines use the right-hand axis.

Fundamental scorecard
Overall73/100
Valuation75/100
Profitability80/100
Financial health65/100

A 0–100 quantitative summary of reported fundamentals. Use the underlying financials and risks for context; the score is not a buy or sell recommendation.

Strengths, risks & investment thesis

Strengths

Strong Capital Efficiency: ROCE stands at 24.1%

Attractive Valuation: P/E of 10.5x trades below sector historical averages

Risks

Elevated Leverage Burden: Debt-to-Equity stands at 1.53x

Bull case

Market Leadership: Established operational scale in Specialty Chemicals.

Bear case

Macro Headwinds: Fluctuations in interest rates and sector-specific policy shifts could compress multiples.

Flip condition

Sustained quarterly EBITDA margin expansion above 20% would trigger an upgrade.

Shareholding pattern
Quarterly ownership historyLatest valid period · December 2025

Ownership distribution

Dec 2025Latest holding

Category trends

Hover over a period for exact holdings

70%47%23%0%Sept 2024Dec 2024Jun 2025Sept 2025Dec 2025
2.23%Institutional holding
30.72%Public holding
5Periods available
0.00%Promoter pledged
55.53KShareholders
Corporate Action

Complete dividend, bonus, split, rights and other action history

Record dateCorporate actionInformationAnnouncement dateEx-date
17 Jul 2026Dividend₹22.00 / share—17 Jul 2026
06 Feb 2026Dividend₹14.00 / share—06 Feb 2026
14 Nov 2025Dividend₹22.00 / share—14 Nov 2025
07 Jul 2025Dividend₹22.00 / share—07 Jul 2025
13 Feb 2025Dividend₹12.00 / share—13 Feb 2025
22 Nov 2024Dividend₹20.00 / share—22 Nov 2024
—Dividend₹20.00 / share—04 Jul 2024
22 Feb 2024Dividend₹12.00 / share—22 Feb 2024
21 Nov 2023Dividend₹20.00 / share—21 Nov 2023
—Dividend₹15.00 / share—04 Jul 2023
22 Feb 2023Dividend₹10.00 / share—22 Feb 2023
22 Nov 2022Dividend₹12.00 / share—21 Nov 2022
23 Aug 2022Dividend₹5.00 / share—22 Aug 2022
—Dividend₹15.00 / share—01 Jul 2022
22 Feb 2022Dividend₹20.00 / share—21 Feb 2022
23 Nov 2021Dividend₹20.00 / share—22 Nov 2021
27 Jul 2021Dividend₹5.00 / share—26 Jul 2021
27 Jul 2021Bonus issue1:1 bonus ratio—26 Jul 2021
—Dividend₹200.00 / share—19 Jul 2021
24 Nov 2020Dividend₹100.00 / share—23 Nov 2020
—Dividend₹140.00 / share—20 Aug 2020
25 Feb 2020Dividend₹60.00 / share—24 Feb 2020
22 Nov 2019Dividend₹50.00 / share—21 Nov 2019
—Dividend₹75.00 / share—22 Aug 2019
25 Mar 2019Dividend₹85.00 / share—22 Mar 2019
Delivery participation

Traded volume and delivery percentage across the latest 20 sessions

Average delivery (20D)60.54%+9.11% latest vs average
Highest delivery75.05%on 12 Oct
Average volume (20D)7.8KTrading-session average
Conviction trendStrengthening+9.11% latest reading
Traded volumeDelivery %
Peer comparison

Compare valuation, latest quarterly performance and year-on-year growth

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Company nameMarket cap ₹ CrP/E ratioDividend yield %Quarterly sales ₹ CrProfit after tax ₹ CrSales growth %Profit growth %
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UltraTech Cement LimitedULTRACEMCO
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Open analysis
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Hindustan Zinc Limited
Hindustan Zinc LimitedHINDZINC
Open analysis
₹2.28L13.372.07%₹13,687.00₹5,425.00+77.22%+146.14%
Asian Paints Limited
Asian Paints LimitedASIANPAINT
Open analysis
₹2.24L46.941.17%₹10,541.94₹1,539.25+17.94%+39.96%
Tata Steel Limited
Tata Steel LimitedTATASTEEL
Open analysis
₹2.19L19.832.27%₹60,794.00₹2,385.00+14.32%+18.83%
Hindalco Industries Limited
Hindalco Industries LimitedHINDALCO
Open analysis
₹2.02L12.320.56%₹84,825.00₹7,013.00+32.06%+75.15%
Grasim Industries Limited
Grasim Industries LimitedGRASIM
Open analysis
₹1.98L34.820.35%₹11,794.71₹246.65-70.60%-82.61%
Solar Industries India Limited
Solar Industries India LimitedSOLARINDS
Open analysis
₹1.81L90.930.06%₹3,668.00₹666.00+70.29%+88.67%
About Veedol Corporation Limited
Veedol Corporation Limited

Veedol Corporation Ltd, formerly Tide Water Oil Co. (India) Ltd, manufactures and markets automotive, OEM and industrial lubricants, greases, transmission fluids, coolants, EV fluids and vehicle-care products under the Veedol and ENEOS brands. It operates five Indian plants, has subsidiaries in the UK and UAE and sells across 70+ countries.[1] [2]

IndiaBasic Materials

Questions investors ask
Is Veedol Corporation Limited Shariah compliant?

Veedol Corporation Limited is currently screened as Shariah Compliant under AAOIFI Shariah Standard No. 21. Business activities align with Shariah permissible sectors. Debt to Market Cap (0.69%) complies with AAOIFI threshold (≤ 33%).

What is Veedol Corporation Limited's current valuation relative to peers?

Veedol Corporation Limited trades at a P/E of 10.5x compared to the sector median of 21.9x, and a Price-to-Book of 2.2x.

Is the company financially healthy?

The company has a Debt-to-Equity ratio of 1.53x. Interest coverage is 80.7x.

What are the historical revenue and profit growth rates?

Over the past 5 years, revenue compounded at 2.4% while net profit growth averaged 6%.

Market data is informational and may be delayed. Shariah screening follows the displayed methodology. This is not investment advice.

Market data may be delayed. Quote date: 2026-10-16. Financial figures relate to their stated reporting periods. This information is for research and is not a recommendation to buy or sell.