Vadilal Industries Limited (VADILALIND) AI Stock Analysis

Vadilal Industries Limited

(NSE:VADILALIND)

Select Model

Rating:71.1Outperform

Price Target:INR 8,260.00▲(11.16% Upside)

Action:reiterated

Date:10/31/26

The score is driven primarily by solid underlying fundamentals—strong multi-year growth and a strengthening balance sheet—partly offset by uneven cash-flow quality and margin variability. Technicals are supportive with the stock above major moving averages, while valuation is only moderate given the ~24.9 P/E and low dividend yield.

Positive Factors

Sustained Revenue GrowthRevenue increased from approximately ₹4.6B in FY2021 to ₹15.0B in FY2026, with 13.4% growth in FY2026. This sustained expansion indicates stronger scale and market reach across the company’s operations, supporting continued investment and operating resilience.

Negative Factors

Gross Margin VolatilityGross margin fell from a peak of about 48.7% in FY2024 to 36.9% in FY2025, showing material profitability variability. Such swings can weaken earnings predictability and may constrain reinvestment if the company cannot consistently manage the input-cost and pricing sensitivity identified in the pack.

Vadilal Industries Limited (VADILALIND) vs. iShares MSCI India ETF (INDA)

Market Cap: INR 54.06B
Dividend Yield: 0.81%
Average Volume (3M): 1,035
Price to Earnings (P/E): 24.4
Beta (1Y): 1.24
Revenue Growth: 30.90%
EPS Growth: 56.57%
Country: India
Employees: 681
Sector: General
Sector Strength: 55
Industry: Packaged Foods

Vadilal Industries Limited Business Overview & Revenue Model

Company Description

Vadilal Industries Ltd. is an Indian company primarily involved in the production and sale of ice creams, distributed both domestically within India and globally. Its product line extends beyond ice creams to include flavored milk, various frozen des...

Vadilal Industries Limited Financial Statement Overview

Summary

Strong multi-year revenue and earnings growth with improving equity base and moderating leverage, but the score is tempered by margin volatility (notably gross margin swings) and uneven cash conversion, including a sharp FY2026 free cash flow decline and historical negative FCF.

Income Statement

78Positive

Balance Sheet

74Positive

Cash Flow

55Neutral

Financial statement breakdown
Breakdown	TTM	Mar 2026	Mar 2025	Mar 2024	Mar 2023	Mar 2022
Income Statement
Total Revenue	15.01B	15.03B	12.38B	11.23B	10.58B	6.95B
Gross Profit	6.30B	5.35B	4.56B	5.47B	4.97B	3.06B
EBITDA	2.65B	2.71B	2.56B	2.30B	1.76B	1.07B
Net Income	1.55B	1.55B	1.50B	1.46B	962.90M	447.02M
Balance Sheet
Total Assets	12.73B	12.73B	10.96B	9.17B	8.38B	6.23B
Cash, Cash Equivalents and Short-Term Investments	579.40M	579.40M	572.30M	541.50M	318.50M	452.58M
Total Debt	2.30B	2.30B	2.18B	2.23B	2.91B	1.86B
Total Liabilities	4.23B	4.23B	4.00B	3.74B	4.40B	3.26B
Stockholders Equity	8.50B	8.50B	6.95B	5.42B	3.97B	2.97B
Cash Flow
Free Cash Flow	896.50M	346.00M	395.20M	1.32B	-189.16M	106.46M
Operating Cash Flow	1.37B	1.31B	1.20B	1.92B	394.79M	320.32M
Investing Cash Flow	-1.00B	-1.10B	-817.80M	-659.90M	-618.84M	-199.26M
Financing Cash Flow	-237.60M	-233.20M	-458.10M	-1.14B	90.16M	78.38M

Vadilal Industries Limited Technical Analysis

Technical Analysis SentimentPositive

Last Price7431.00

Price Trends

50DMA7328.87Positive

100DMA6996.59Positive

200DMA5811.66Positive

Market Momentum

MACD26.00Negative

RSI55.42Neutral

STOCH85.72Negative

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VADILALIND, the sentiment is Positive. The current price of 7431.00 is above the 20-day moving average (MA) of 7211.55, above the 50-day MA of 7328.87, and above the 200-day MA of 5811.66, indicating a bullish trend. The MACD of 26.00 indicates Negative momentum. The RSI at 55.42 is Neutral, neither overbought nor oversold. The STOCH value of 85.72 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VADILALIND.

Vadilal Industries Limited Peers Comparison

Overall Rating

UnderperformOutperform

Sector (55)

Financial Indicators

IN:VADILALIND against its peers
Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
IN:HATSUN	75Outperform	INR 221.90B	61.54	―	1.00%	17.90%	9.78%
IN:VADILALIND	71Outperform	INR 53.71B	24.39	―	0.81%	30.90%	56.57%
IN:TASTYBITE	70Outperform	INR 24.95B	67.41	―	0.11%	-1.17%	-4.11%
IN:PARAGMILK	64Neutral	INR 29.22B	23.03	―	0.45%	10.91%	3.74%
IN:ADFFOODS	60Neutral	INR 25.57B	29.83	―	0.48%	19.44%	31.16%
Sector *	55Neutral	$6.65B	3.83	-15.92%	6.20%	10.91%	7.18%
IN:HERITGFOOD	49Neutral	INR 32.83B	29.14	―	0.69%	13.91%	-33.37%

* General Sector Average

Performance Comparison

IN:VADILALIND and its peers over the selected period
Ticker	Company Name	Price	Change	% Change
IN:VADILALIND	Vadilal Industries Limited	7426.40	2056.01	38.28%
IN:ADFFOODS	ADF Foods Limited	249.35	30.07	13.72%
IN:HATSUN	Hatsun Agro Product Limited	998.40	-29.38	-2.86%
IN:HERITGFOOD	Heritage Foods Limited	362.00	-117.98	-24.58%
IN:PARAGMILK	Parag Milk Foods Ltd.	242.10	-72.18	-22.97%
IN:TASTYBITE	Tasty Bite Eatables Ltd	9432.25	506.37	5.67%

Vadilal Industries Limited Corporate Events

Vadilal sets September 10 AGM, seeks nod for ₹1,373 crore related-party supply pact

Aug 17, 2026

Vadilal Industries Limited has scheduled its 42nd Annual General Meeting for September 10, 2026, at 2:30 p.m., to be held via video conferencing and other audio-visual means in line with regulatory guidelines. Shareholders will consider the audited s...

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.

Date of analysis: Oct 31, 2026

Vadilal Industries Limited AI Stock Analysis