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Vadilal Industries Limited
(VADILALIND)
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Rating:72Outperform
Price Target:
₹8,016.00
▲(69.29% Upside)
Action:Upgraded
Date:07/30/26
The score is primarily driven by solid fundamental growth (revenue/net income expansion and improved balance sheet) and a strong technical uptrend (price above all major moving averages). Offsetting these positives are uneven cash-flow conversion and a relatively high P/E with a very low dividend yield.
Positive Factors
Multi-year revenue growth
Sustained revenue expansion from ~₹4.6B to ~₹15.0B over five years indicates durable demand and successful scaling of Vadilal's branded frozen and packaged foods. This long-term top-line momentum supports investment in capacity, distribution and brand-building that can underwrite future margin and profit durability.
Negative Factors
Uneven cash conversion and FCF volatility
Large swings in free cash flow and instances of negative FCF signal volatile working-capital needs or lumpy capex. This undermines predictability of internal funding, can force external financing in down cycles, and raises execution risk on expansion plans over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Multi-year revenue growth
Sustained revenue expansion from ~₹4.6B to ~₹15.0B over five years indicates durable demand and successful scaling of Vadilal's branded frozen and packaged foods. This long-term top-line momentum supports investment in capacity, distribution and brand-building that can underwrite future margin and profit durability.
Read all positive factors
Vadilal Industries Limited (VADILALIND) vs. iShares MSCI India ETF (INDA)
Market Cap
₹49.96B
Dividend Yield0.86%
Average Volume (3M)1.54K
Price to Earnings (P/E)22.7
Beta (1Y)1.20
Revenue Growth30.90%
EPS Growth56.57%
CountryIN
Employees681
SectorGeneral
Sector StrengthN/A
IndustryPackaged Foods
Share Statistics
EPS (TTM)215.79
Shares Outstanding7,187,830
10 Day Avg. Volume741
30 Day Avg. Volume1,538
Financial Highlights & Ratios
PEG Ratio6.01
Price to Book (P/B)3.46
Price to Sales (P/S)1.96
P/FCF Ratio84.97
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
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 ...
How the Company Makes Money
Vadilal Industries Limited primarily makes money by manufacturing and selling branded consumer food products, with ice cream and frozen desserts forming the core of its revenue base. Revenue is generated from (1) sales of ice cream/frozen dessert ...
Vadilal Industries Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
74
Positive
Cash Flow
55
Neutral
| Breakdown | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 15.03B | 12.38B | 11.23B | 10.58B | 6.95B |
| Gross Profit | 5.35B | 4.56B | 5.47B | 4.97B | 3.06B |
| EBITDA | 2.71B | 2.56B | 2.30B | 1.76B | 1.07B |
| Net Income | 1.55B | 1.50B | 1.46B | 962.90M | 447.02M |
Balance Sheet | |||||
| Total Assets | 12.73B | 10.96B | 9.17B | 8.38B | 6.23B |
| Cash, Cash Equivalents and Short-Term Investments | 579.40M | 572.30M | 541.50M | 318.50M | 452.58M |
| Total Debt | 2.30B | 2.18B | 2.23B | 2.91B | 1.86B |
| Total Liabilities | 4.23B | 4.00B | 3.74B | 4.40B | 3.26B |
| Stockholders Equity | 8.50B | 6.95B | 5.42B | 3.97B | 2.97B |
Cash Flow | |||||
| Free Cash Flow | 346.00M | 395.20M | 1.32B | -189.16M | 106.46M |
| Operating Cash Flow | 1.31B | 1.20B | 1.92B | 394.79M | 320.32M |
| Investing Cash Flow | -1.10B | -817.80M | -659.90M | -618.84M | -199.26M |
| Financing Cash Flow | -233.20M | -458.10M | -1.14B | 90.16M | 78.38M |
Vadilal Industries Limited Technical Analysis
Neutral
4735.15
Price Trends
7124.62
Negative
6166.12
Positive
5462.14
Positive
Market Momentum
22.62
Positive
42.60
Neutral
15.50
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VADILALIND, the sentiment is Neutral. The current price of 4735.15 is below the 20-day moving average (MA) of 7435.10, below the 50-day MA of 7124.62, and below the 200-day MA of 5462.14, indicating a neutral trend. The MACD of 22.62 indicates Positive momentum. The RSI at 42.60 is Neutral, neither overbought nor oversold. The STOCH value of 15.50 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for IN:VADILALIND.
Vadilal Industries Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹272.38B | 77.26 | ― | 0.82% | 17.32% | 25.12% | |
72 Outperform | ₹49.96B | 22.69 | ― | 0.86% | 30.90% | 56.57% | |
70 Outperform | ₹26.29B | 73.51 | ― | 0.10% | -1.17% | -4.11% | |
66 Neutral | ₹33.76B | 25.25 | ― | 0.37% | 10.91% | 3.74% | |
58 Neutral | ₹38.71B | 28.80 | ― | 0.60% | 11.53% | -20.83% | |
57 Neutral | ₹29.65B | 32.28 | ― | 0.45% | 19.44% | 31.16% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:VADILALIND
Vadilal Industries Limited
6,950.35
1,287.02
22.73%
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Vadilal Industries Limited Corporate Events
India Ratings Upgrades Vadilal Industries’ Credit Profile to IND A+
Jul 10, 2026
India Ratings and Research has upgraded Vadilal Industries Limited’s credit profile, raising its fund-based and term loan facilities to IND A+ with a Positive outlook and its non-fund-based working capital limits to IND A1+. The move, which ...
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.