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Veedol Corporation Ltd

(VEEDOL)

₹2001.22.18%

as on 04:01PM, 21 Oct 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Veedol Corporation Ltd Performance

  • Day's Low

    Day's High

    ₹1,995
    ₹2,071.45
  • 52 Week's Low

    52 Week's High

    ₹1,108.25
    ₹2,800
1 Month Return-12.81 %
3 Month Return-10.62 %
1 Year Return+ 79.42 %
Previous Close₹2,045.80
Open₹2,049.00
Volume17.57K
Upper Circuit-
Lower Circuit-
Market Cap₹3,564.60Cr

Veedol Corporation Ltd Key Statistics

P/E Ratio23.36
PEG Ratio1.08
Market Cap₹3,564.60 Cr
P/B Ratio3.33
EPS84.08
Dividend Yield0
SectorChemicals
ROE15.85

Veedol Corporation Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹3,564.60 Cr23.33%0.53₹142 Cr₹1,931 Cr
NA₹297.21 Cr31.35%0.50-₹1 Cr₹145 Cr
NA₹53.38 Cr174.92%0.61NANA
HOLD₹19,005.07 Cr5.51%0.70₹416 Cr₹6,372 Cr
NA₹105.40 Cr147.3%0.66₹11 Cr₹190 Cr

About Veedol Corporation Ltd

Tide Water Oil Co. I Ltd., a part of Andrew Yule Group, manufactures and sells engine lubricants for automotive and industrial applications in India. The five plants are located at Howrah, Royapuram, Turbhe, Silvassa and Faridabad and manufacture a variety of automotive and industrial oils, coolants and brake fluids. They market the Veedol and ENEOS range of lubes and are renowned for their quality and variety. They entered into a technical collaboration agreement with Nippon Oil Corporation (formerly Mitsubishi Oil Co Ltd) and Cofran Promotion Switzerland in 1987 and 1994 respectively. The company also entered into technology transfer tie-up with Nippon Mitsubishi Oil Company Japan in 1994. During 199697, they expanded their installed capacity to 84,198,145 ltrs and completed the modernisation programme in their Howrah plant. In May 2004, they launched the ENEOS range of products which became popular in select markets. During 200910, they acquired two windmills of 3 MW capacity and in 2011, became a subsidiary of Veedol International Ltd. Subsequently in 201415 they established two wholly-owned subsidiaries to cater to the Middle East and Europe. In 201718 they purchased 100 shares of Veedol UK Ltd. to relaunch the brand in the UK. Thus, Tide Water Oil Co. I Ltd. has established itself as a renowned manufacturer and seller of automobile and industrial lubricants by setting up 5 plants in various states and expanding its business to UK, Middle East and Europe markets.

Share Price: ₹2001.20 per share as on 21 Oct, 2024 04:01 PM
Market Capitalisation: ₹3,564.60Cr as of today
Revenue: ₹478.87Cr as on June 2024 (Q2 24)
Net Profit: ₹37.11Cr as on June 2024 (Q2 24)
Listing date: 16 Jan, 2007
Chairperson Name: Sanjoy Bhattacharya
OrganisationVeedol Corporation Ltd
Headquarters
IndustryChemicals
E-voting on sharesClick here to vote

Key events for Veedol Corporation Ltd

  • Tide Water Oil Co (I) Ltd Stock Rallies Over 100% - 11 Jul, 2024

    Tide Water Oil Co (I) Ltd has rallied over 100% in a year, breaking out from a Rounding Bottom formation on the weekly charts. Experts suggest that the stock could head higher towards Rs 2,800 levels in the next 1-2 months.

  • Tide Water Oil Promoters Buy Shares Worth Rs 72.94 Crore - 09 Jul, 2024

    Promoters of Tide Water Oil (India) bought shares worth Rs 72.94 crore in the last three months, representing 1.78% of market cap. The company's net profit increased by 25% YoY to Rs 142.93 crore in FY24. Tide Water Oil stock has rallied 129% in the last one year.

  • Tide Water Oil Co. (I) Ltd Ropes in Sourav Ganguly as Brand Ambassador - 02 Jul, 2024

    Former Team India captain, Sourav Ganguly, has been appointed as the brand ambassador for Tide Water Oil Co. (India) Ltd's lubricant brand, Veedol. The company is undergoing a portfolio upgrade and packaging makeover to introduce new-age products while enhancing operational efficiencies through digitization processes. Leveraging its association with cricket, including Kolkata Knight Riders partnership, the company aims to invest significantly in brand building.

  • Tide Water Oil Partners with Blaster; Declares Dividend - 29 Jun, 2024

    Tide Water Oil Co (India) Ltd partners with Blaster to launch new products in the Indian vehicle care market. The company also announces a dividend of Rs. 20 per equity share, representing a 1000% payout.

  • Promoter Entity Receives Approval to Increase Stake in Tide Water Oil - 24 Jun, 2024

    Shares of Tide Water Oil rose by 8.1% after one of its promoter entities, Standard Greases & Specialities Pvt. Ltd., received permission to acquire an additional 3.51 lakh shares of the company. As of March 31, Standard Greases & Specialities held a 34.34% stake in Tide Water Oil. The stock is up 47% so far in 2024.

  • Tide Water Oil to Pay Higher Dividend, Stock Price Up by 31% - 16 Jun, 2024

    Tide Water Oil (India) will pay a dividend of Rs. 20.00 with a yield of 2.7%, up from last year. The stock price has increased by 31% in the last three months. While the company is earning enough to cover the dividend, its future prospects are unimpressive.

Insights on Veedol Corporation Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 30.18% to 30.30% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Promoter Holding Up

    img

    Promoters have increased holdings from 64.15% to 64.29% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 0.06% to 0.07% in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Hindustan Petroleum Corporation Ltd has given 100.6% return, outperforming this stock by 82.0%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Hindustan Petroleum Corporation Ltd has given 159.8% return, outperforming this stock by 80.4%

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, VEEDOL stock has moved down by -12.8%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 2 quarters, 42.92 Cr → 37.11 Cr (in ₹), with an average decrease of 13.5% per quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 3 quarters, 504.17 Cr → 493.14 Cr (in ₹), with an average decrease of 1.1% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 1.97% to 1.71% in Sep 2024 quarter

Veedol Corporation Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹473.74Cr (-)₹474.18Cr (↑0.09%)₹496.45Cr (↑4.70%)₹486.82Cr (↓1.94%)₹478.87Cr (↓1.63%)
Net Income₹31.19Cr (-)₹35.22Cr (↑12.92%)₹33.58Cr (↓4.66%)₹42.92Cr (↑27.81%)₹37.11Cr (↓13.54%)
Net Profit Margin6.58% (-)7.43% (↑12.92%)6.76% (↓9.02%)8.82% (↑30.47%)7.75% (↓12.13%)
Value in ₹ crore
Details2021202220232024
Total Assets₹940.87Cr (-)₹908.35Cr (↓3.46%)₹945.81Cr (↑4.12%)₹969.02Cr (↑2.45%)
Total Liabilities₹236.76Cr (-)₹236.55Cr (↓0.09%)₹261.56Cr (↑10.57%)₹256.48Cr (↓1.94%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹120.56Cr (-)₹48.20Cr (↓60.02%)₹79.91Cr (↑65.79%)₹54.23Cr (↓32.14%)₹94.16Cr (↑73.63%)
0

Veedol Corporation Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
64.29%
0.21
Foreign Institutions
1.71%
-13.56
Mutual Funds
0.07%
16.78
Retail Investors
30.3%
0.40
Others
3.63%
0.00

Veedol Corporation Ltd Key Indicators

Details20202021202220232024
Return On Equity %16.0217.0615.4912.5215.85
Details20202021202220232024
Return On Assets %13.915.0213.5312.1114.75
Details20202021202220232024
Book Value Per Share (₹)400.36433.27423.43449.65486.76
Details20202021202220232024
Earning Per Share (₹)71.883.1472.367.484.08

Veedol Corporation Ltd Valuation

Veedol Corporation Ltd in the last 5 years

  • Overview

  • Trends

Lowest (7.59x)

March 23, 2020

Today (23.36x)

October 18, 2024

Industry (62.81x)

October 18, 2024

Highest (60.20x)

July 12, 2021

LowHigh

Veedol Corporation Ltd Earnings and Dividends

  • Veedol Corporation Ltd Earnings Results

    Veedol Corporation Ltd’s net profit jumped 18.98% since last year same period to ₹37.11Cr in the Q1 2024-2025. On a quarterly growth basis, Veedol Corporation Ltd has generated -13.54% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Veedol Corporation Ltd Dividends May,2024

    In the quarter ending March 2024, Veedol Corporation Ltd has declared dividend of ₹20 - translating a dividend yield of 3.35%.

    Read More about Dividends

Veedol Corporation Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Veedol Corporation Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Veedol Corporation Ltd (VEEDOL) share price today is ₹2001.2

Veedol Corporation Ltd is listed on NSE

Veedol Corporation Ltd is listed on BSE

  • Today’s highest price of Veedol Corporation Ltd is ₹2071.45.
  • Today’s lowest price of Veedol Corporation Ltd is ₹1995.

PE Ratio of Veedol Corporation Ltd is 23.36

PE ratio = Veedol Corporation Ltd Market price per share / Veedol Corporation Ltd Earnings per share

Today’s traded volume of Veedol Corporation Ltd(VEEDOL) is 17.57K.

Today’s market capitalisation of Veedol Corporation Ltd(VEEDOL) is ₹3564.6Cr.

Veedol Corporation Ltd(VEEDOLPrice
52 Week High
₹2800
52 Week Low
₹1108.25

Veedol Corporation Ltd(VEEDOL) share price is ₹2001.2. It is down -28.53% from its 52 Week High price of ₹2800

Veedol Corporation Ltd(VEEDOL) share price is ₹2001.2. It is up 80.57% from its 52 Week Low price of ₹1108.25

Veedol Corporation Ltd(VEEDOLReturns
1 Day Returns
-44.6%
1 Month Returns
-12.81%
3 Month Returns
-10.62%
1 Year Returns
79.42%