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Veedol Corp. Ltd
(VEEDOL)
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Rating:79Outperform
Price Target:
₹1,526.00
▲(10.28% Upside)
Action:Reiterated
Date:08/30/26
The score is driven primarily by a strong FY2026 financial rebound and a very low-debt balance sheet, complemented by reasonable valuation and a solid dividend yield. Technicals are supportive but not strongly bullish, and the main offsetting risk is the year-to-year volatility in profitability and cash generation.
Positive Factors
FY2026 Revenue and Profit Rebound
The sharp FY2026 improvement shows that Veedol can generate meaningful revenue and earnings when operating conditions support stronger demand and execution. Healthy gross and operating margins provide a foundation for reinvestment, brand support, and sustained participation across automotive and industrial lubricant markets.
Negative Factors
Earnings Volatility
The contrast between FY2025’s near-breakeven profitability and FY2026’s strong margins indicates that earnings power has not yet demonstrated consistent stability. Such swings can complicate planning, reduce confidence in recurring profitability, and make future results more sensitive to changes in demand, pricing, or product mix.
Read all positive and negative factors
Positive Factors
Negative Factors
FY2026 Revenue and Profit Rebound
The sharp FY2026 improvement shows that Veedol can generate meaningful revenue and earnings when operating conditions support stronger demand and execution. Healthy gross and operating margins provide a foundation for reinvestment, brand support, and sustained participation across automotive and industrial lubricant markets.
Read all positive factors
Veedol Corp. Ltd (VEEDOL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹23.22B
Dividend Yield4.35%
Average Volume (3M)833.00
Price to Earnings (P/E)10.3
Beta (1Y)1.13
Revenue Growth12.88%
EPS Growth21.27%
CountryIN
Employees502
SectorGeneral
Sector StrengthN/A
IndustryChemicals - Specialty
Share Statistics
EPS (TTM)59.22
Shares Outstanding17,424,000
10 Day Avg. Volume919
30 Day Avg. Volume833
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, established in Kolkata, India, in 1921, and formerly known as Tide Water Oil Co. (India) Limited until its rebranding in September 2024, focuses on producing and distributing lubricants under the Veedol name primarily w...
How the Company Makes Money
Veedol Corp. Ltd primarily makes money by selling lubricant products (e.g., engine oils and other automotive/industrial lubricants) under the Veedol brand through its marketing and distribution network. Revenue is generated from product sales to c...
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 | 304.92M |
| 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 Technical Analysis
Negative
1383.70
Price Trends
1396.53
Negative
1416.61
Negative
1404.50
Negative
Market Momentum
-22.55
Negative
46.18
Neutral
62.64
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VEEDOL, the sentiment is Negative. The current price of 1383.7 is above the 20-day moving average (MA) of 1339.72, below the 50-day MA of 1396.53, and below the 200-day MA of 1404.50, indicating a bearish trend. The MACD of -22.55 indicates Negative momentum. The RSI at 46.18 is Neutral, neither overbought nor oversold. The STOCH value of 62.64 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VEEDOL.
Veedol Corp. Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹23.22B | 10.33 | ― | 4.35% | 12.88% | 21.27% | |
73 Outperform | ₹51.14B | 12.58 | ― | 4.94% | 24.69% | 8.61% | |
68 Neutral | ₹11.77B | 6.53 | ― | 0.73% | 19.19% | 487.80% | |
68 Neutral | ₹44.45B | 10.76 | ― | 0.77% | 26.14% | 223.49% | |
63 Neutral | ₹15.30B | 4.17 | ― | 9.71% | -95.58% | -72.91% | |
56 Neutral | ₹57.16B | 27.90 | ― | 0.63% | 11.08% | 34.10% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% |
* General Sector Average
IN:VEEDOL
Veedol Corp. Ltd
1,332.55
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-21.42%
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Veedol Corp. Ltd Corporate Events
Veedol Publishes Postal Ballot Voting Results, Confirms Shareholder Approval
Sep 22, 2026
Veedol Corporation Limited has notified the exchanges that it has published newspaper advertisements in the Kolkata editions of The Telegraph and Aajkaal, announcing the voting results on resolutions set out in its postal ballot notice dated Augus...
Veedol Announces Postal Ballot Notice via Newspaper Advertisements
Aug 20, 2026
Veedol Corporation Limited has notified the stock exchanges that it has published newspaper advertisements in The Telegraph and Aajkaal regarding the dispatch of a postal ballot notice to its shareholders. The move underscores the company’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.