Veedol Corp. Ltd (IN:VEEDOL)
:VEEDOL
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Veedol Corp. Ltd
(VEEDOL)
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Rating:74Outperform
Price Target:
₹1,612.00
▲(11.89% Upside)
Action:N/A
Date:05/30/26
The score is driven primarily by the strong FY2026 financial rebound and a conservative low-debt balance sheet, tempered by the prior-year volatility in earnings and cash flow. Technicals are mixed (neutral RSI with price still below the 200-DMA), while valuation is supportive with a moderate P/E and ~4% dividend yield.
Positive Factors
Conservative balance sheet
Low leverage and an improving capital structure provide durable financial flexibility. A conservative balance sheet reduces refinancing and solvency risk during commodity or demand cycles, enabling the company to fund working capital, capex or M&A without stressing cash flows over the medium term.
Negative Factors
Earnings volatility
Wide year-to-year swings in profitability indicate underlying revenue, cost or mix sensitivity. Such volatility complicates planning and raises execution risk for sustaining margins. If the drivers of the rebound are transient, future earnings could slip, making cash flow and investment less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and an improving capital structure provide durable financial flexibility. A conservative balance sheet reduces refinancing and solvency risk during commodity or demand cycles, enabling the company to fund working capital, capex or M&A without stressing cash flows over the medium term.
Read all positive factors
Veedol Corp. Ltd (VEEDOL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹25.08B
Dividend Yield4.54%
Average Volume (3M)2.75K
Price to Earnings (P/E)12.8
Beta (1Y)1.33
Revenue Growth8.79%
EPS Growth27.51%
CountryIN
Employees483
SectorBasic Materials
Sector Strength58
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)59.22
Shares Outstanding17,424,000
10 Day Avg. Volume1,392
30 Day Avg. Volume2,748
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)2.13
Price to Sales (P/S)1.02
P/FCF Ratio13.83
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Veedol Corp. Ltd Business Overview & Revenue Model
Company Description
Veedol Corporation Limited, together with its subsidiaries, engages in the manufacturing and marketing of lubricants under the Veedol brand in India. It offers automotive lubricants, including two-wheeler, passenger car motor, commercial vehicle, ...
How the Company Makes Money
VEEDOL primarily makes money by selling lubricants (such as engine oils and other automotive/industrial lubrication products) under its brand to customers through distribution/retail and business-to-business channels. Specific details on revenue b...
Veedol Corp. Ltd Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
90
Very Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 10.39B | 21.69B | 19.67B |
| Gross Profit | 4.06B | 8.94B | 72.02M |
| EBITDA | 1.42B | 2.75B | 23.06M |
| Net Income | 1.01B | 1.92B | 19.73M |
Balance Sheet | |||
| Total Assets | 13.29B | 14.06B | 12.53B |
| Cash, Cash Equivalents and Short-Term Investments | 1.81B | 2.28B | 1.38B |
| Total Debt | 209.50M | 158.90M | 219.60M |
| Total Liabilities | 3.52B | 3.70B | 3.39B |
| Stockholders Equity | 9.77B | 10.36B | 9.14B |
Cash Flow | |||
| Free Cash Flow | 1.05B | 1.59B | -124.60M |
| Operating Cash Flow | 1.53B | 1.94B | 297.20M |
| Investing Cash Flow | -179.00M | 472.40M | 720.80M |
| Financing Cash Flow | -1.17B | -1.22B | -988.90M |
Veedol Corp. Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
77 Outperform | ₹29.88B | 16.42 | ― | 1.06% | 14.40% | 62.04% | |
74 Outperform | ₹25.08B | 12.75 | ― | 4.54% | 8.79% | 27.51% | |
73 Outperform | ₹10.36B | 7.94 | ― | 0.82% | 13.96% | 343.65% | |
69 Neutral | ₹48.05B | 13.83 | ― | 3.96% | 11.70% | -3.55% | |
66 Neutral | ₹57.63B | 33.43 | ― | 0.97% | 2.00% | 7.14% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
61 Neutral | ₹18.23B | 1.24 | ― | 3.41% | -76.46% | 957.27% |
* Basic Materials Sector Average
IN:VEEDOL
Veedol Corp. Ltd
1,439.35
-194.64
-11.91%
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Veedol Corp. Ltd Corporate Events
Veedol Corp Discloses Resignation of Executive Director for Supply Chain
Apr 21, 2026
Veedol Corporation Limited has notified the stock exchanges of the resignation of Mr. Sanjeev Wangoo from the position of Executive Director – Group Supply Chain Management. The disclosure, made under Regulation 30 of SEBI’s Listing Ob...
Veedol Announces Resignation of Executive Director for Group Supply Chain
Apr 17, 2026
Veedol Corporation Limited, formerly Tide Water Oil Company (India) Ltd., is a listed player in the petroleum and lubricants industry, serving automotive and industrial segments and operating under India’s SEBI listing regulations on both NS...
Veedol Extends Repayment Timeline on Unsecured Loan to Co‑Promoter Andrew Yule
Mar 23, 2026
Veedol Corporation Limited has extended the repayment deadline for a short-term unsecured loan granted to co‑promoter Andrew Yule Company Limited, shifting the due date from 31 March 2026 to 30 September 2026 while keeping all other terms a...
Veedol shareholders clear board appointment amid low public participation
Mar 18, 2026
Veedol Corporation Limited has disclosed to Indian stock exchanges the results of a shareholder postal ballot and remote e-voting process conducted on a resolution dated 2 February 2026. The exercise, held under SEBI’s listing regulations, r...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.