About
Vadilal Industries Limited, together with its subsidiaries, manufactures and sells ice-cream in India and internationally. The company offers flavored milk under the Power Sip brand; frozen desserts; processed food products, such as frozen fruits, vegetables, pulps, and ready-to-eat and ready-to-serve products, etc.; and other dairy products, as well as paneer and ghee products. It is also involved in money changing and chemical businesses. It provides its products through retail stores, restaurants, and quick and e-commerce platforms. Vadilal Industries Limited was founded in 1907 and is based in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap5,497 Cr
P/E25.10
Div Yield0.56 %
Book Value₹1,183.00
52w High₹8,447.00
52w Low₹3,990.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 680.00 | 416.00 | 239.00 | 341.00 | 507.00 | 275.00 | 204.00 | 296.00 | 464.00 | 251.00 | 174.00 | 289.00 | 411.00 |
| Expenses | 514.00 | 331.00 | 227.00 | 290.00 | 406.00 | 236.00 | 178.00 | 235.00 | 351.00 | 206.00 | 163.00 | 230.00 | 307.00 |
| Operating Profit | 166.00 | 85.00 | 11.00 | 51.00 | 100.00 | 39.00 | 26.00 | 61.00 | 113.00 | 46.00 | 11.00 | 59.00 | 104.00 |
| OPM % | 24.00 | 20.00 | 4.70 | 15.00 | 20.00 | 14.00 | 13.00 | 20.00 | 24.00 | 18.00 | 6.00 | 20.00 | 25.00 |
| Other Income | 27.00 | 7.00 | 4.00 | 7.00 | 4.00 | 3.00 | 4.00 | 5.00 | 4.00 | 3.00 | 4.00 | 4.00 | 2.00 |
| Depreciation | 15.00 | 14.00 | 12.00 | 12.00 | 12.00 | 11.00 | 10.00 | 11.00 | 11.00 | 9.00 | 8.00 | 9.00 | 9.00 |
| Interest | 4.00 | 5.00 | 4.00 | 4.00 | 4.00 | 4.00 | 3.00 | 3.00 | 4.00 | 4.00 | 4.00 | 4.00 | 6.00 |
| Profit before tax | 174.00 | 73.00 | 0.00 | 43.00 | 89.00 | 27.00 | 17.00 | 52.00 | 103.00 | 35.00 | 3.00 | 50.00 | 92.00 |
| Tax % | 25.00 | 25.00 | 150.00 | 23.00 | 25.00 | 19.00 | 31.00 | 25.00 | 25.00 | 21.00 | -210.00 | 24.00 | 23.00 |
| Net Profit | 131.00 | 55.00 | 0.00 | 33.00 | 67.00 | 22.00 | 12.00 | 39.00 | 77.00 | 28.00 | 9.00 | 38.00 | 71.00 |
| EPS in Rs | 182.13 | 76.32 | -0.22 | 46.50 | 93.19 | 30.61 | 16.60 | 54.23 | 107.71 | 38.45 | 12.86 | 52.94 | 98.81 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,503.00 | 1,240.00 | 1,125.00 | 1,058.00 | 698.00 | 463.00 | 599.00 | 567.00 | 547.00 | 482.00 | 450.00 | 406.00 |
| Expenses | 1,254.00 | 999.00 | 904.00 | 892.00 | 599.00 | 428.00 | 521.00 | 494.00 | 499.00 | 425.00 | 391.00 | 367.00 |
| Operating Profit | 249.00 | 241.00 | 221.00 | 166.00 | 99.00 | 36.00 | 79.00 | 73.00 | 48.00 | 57.00 | 58.00 | 39.00 |
| OPM % | 17.00 | 19.00 | 20.00 | 16.00 | 14.00 | 8.00 | 13.00 | 13.00 | 9.00 | 12.00 | 13.00 | 10.00 |
| Other Income | 21.00 | 15.00 | 12.00 | 10.00 | 8.00 | 16.00 | 10.00 | 10.00 | 6.00 | 3.00 | 1.00 | 3.00 |
| Interest | 16.00 | 14.00 | 18.00 | 16.00 | 19.00 | 21.00 | 17.00 | 14.00 | 15.00 | 16.00 | 21.00 | 26.00 |
| Depreciation | 49.00 | 42.00 | 35.00 | 30.00 | 24.00 | 23.00 | 24.00 | 17.00 | 16.00 | 15.00 | 14.00 | 13.00 |
| Profit before tax | 205.00 | 200.00 | 180.00 | 131.00 | 64.00 | 8.00 | 48.00 | 52.00 | 23.00 | 29.00 | 24.00 | 4.00 |
| Tax % | 24.00 | 25.00 | 19.00 | 26.00 | 30.00 | 40.00 | 14.00 | 36.00 | 32.00 | 35.00 | 40.00 | 36.00 |
| Net Profit | 155.00 | 150.00 | 146.00 | 96.00 | 45.00 | 5.00 | 41.00 | 33.00 | 16.00 | 19.00 | 15.00 | 2.00 |
| EPS in Rs | 215.78 | 209.15 | 203.05 | 133.96 | 62.19 | 6.44 | 57.57 | 46.41 | 21.79 | 26.52 | 20.53 | 3.39 |
| Dividend Payout % | 20.00 | 10.00 | 1.00 | 1.00 | 2.00 | 0.00 | 0.00 | 3.00 | 6.00 | 5.00 | 6.00 | 29.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 | 7.00 |
| Reserves | 843.00 | 688.00 | 535.00 | 390.00 | 290.00 | 244.00 | 240.00 | 200.00 | 168.00 | 154.00 | 120.00 | 106.00 |
| Borrowings | 230.00 | 218.00 | 223.00 | 291.00 | 186.00 | 158.00 | 174.00 | 148.00 | 141.00 | 119.00 | 122.00 | 152.00 |
| Other Liabilities | 188.00 | 181.00 | 151.00 | 150.00 | 140.00 | 159.00 | 153.00 | 122.00 | 123.00 | 134.00 | 117.00 | 104.00 |
| Total Liabilities | 1,268.00 | 1,094.00 | 917.00 | 838.00 | 623.00 | 567.00 | 574.00 | 477.00 | 439.00 | 414.00 | 366.00 | 370.00 |
| Fixed Assets | 536.00 | 478.00 | 444.00 | 403.00 | 307.00 | 312.00 | 318.00 | 267.00 | 257.00 | 251.00 | 225.00 | 226.00 |
| CWIP | 20.00 | 10.00 | 12.00 | 20.00 | 3.00 | 5.00 | 9.00 | 13.00 | 7.00 | 5.00 | 1.00 | 1.00 |
| Investments | 21.00 | 6.00 | 16.00 | 5.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| Other Assets | 691.00 | 601.00 | 445.00 | 410.00 | 313.00 | 250.00 | 247.00 | 196.00 | 175.00 | 158.00 | 141.00 | 143.00 |
| Total Assets | 1,268.00 | 1,094.00 | 917.00 | 838.00 | 623.00 | 567.00 | 574.00 | 477.00 | 439.00 | 414.00 | 366.00 | 370.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 143.00 | 111.00 | 192.00 | 39.00 | 32.00 | 82.00 | 67.00 | 44.00 | 17.00 | 46.00 | 64.00 | 50.00 |
| Cash from Investing Activity | -104.00 | -58.00 | -66.00 | -62.00 | -20.00 | -11.00 | -67.00 | -31.00 | -24.00 | -23.00 | -11.00 | -8.00 |
| Cash from Financing Activity | -38.00 | -61.00 | -114.00 | 9.00 | 8.00 | -56.00 | 4.00 | -10.00 | 6.00 | -20.00 | -53.00 | -41.00 |
| Net Cash Flow | 1.00 | -8.00 | 12.00 | -13.00 | 20.00 | 16.00 | 4.00 | 4.00 | -1.00 | 3.00 | -1.00 | 1.00 |
| Free Cash Flow | 47.00 | 33.00 | 133.00 | -18.00 | 11.00 | 67.00 | -2.00 | 12.00 | -8.00 | 22.00 | 51.00 | 42.00 |
| CFO/OP % | 76.00 | 63.00 | 108.00 | 50.00 | 44.00 | 236.00 | 101.00 | 82.00 | 45.00 | 92.00 | 116.00 | 130.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 43.00 | 36.00 | 31.00 | 27.00 | 34.00 | 36.00 | 27.00 | 20.00 | 28.00 | 8.00 | 18.00 | 14.00 |
| Inventory Days | 196.00 | 234.00 | 146.00 | 167.00 | 170.00 | 211.00 | 179.00 | 157.00 | 119.00 | 135.00 | 138.00 | 144.00 |
| Days Payable | 71.00 | 88.00 | 62.00 | 58.00 | 85.00 | 165.00 | 98.00 | 86.00 | 91.00 | 92.00 | 104.00 | 96.00 |
| Cash Conversion Cycle | 168.00 | 182.00 | 115.00 | 135.00 | 119.00 | 81.00 | 107.00 | 91.00 | 56.00 | 51.00 | 51.00 | 62.00 |
| Working Capital Days | 89.00 | 83.00 | 50.00 | 29.00 | 17.00 | -20.00 | -14.00 | -5.00 | -4.00 | -37.00 | -40.00 | -49.00 |
| ROCE % | 22.00 | 25.00 | 27.00 | 26.00 | 19.00 | 7.00 | 17.00 | 20.00 | 13.00 | 17.00 | 18.00 | 10.00 |
Corporate Actions
22 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 21 Aug 2026 | 21 Aug 2026 | — | 17.00 | |
| Dividend | 12 Sep 2025 | 12 Sep 2025 | — | 21.00 | |
| Dividend | 19 Sep 2024 | 19 Sep 2024 | — | 1.50 | |
| Other | 19 Sep 2024 | — | — | — | Annual General Meeting |
| Dividend | 14 Sep 2023 | 14 Sep 2023 | — | 1.50 | |
| Other | 14 Sep 2023 | — | — | — | Annual General Meeting |
| Dividend | 21 Sep 2022 | — | — | 1.25 | |
| Other | 08 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 17 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 19 Sep 2019 | — | — | 1.25 | |
| Dividend | 12 Sep 2018 | — | — | 1.25 | |
| Dividend | 14 Sep 2017 | — | — | 1.25 | |
| Dividend | 14 Sep 2016 | — | — | 1.25 | |
| Dividend | 15 Sep 2015 | — | — | 1.00 | |
| Dividend | 11 Sep 2014 | — | — | 1.00 | |
| Dividend | 12 Sep 2013 | — | — | 1.50 | |
| Dividend | 12 Sep 2012 | — | — | 1.50 | |
| Dividend | 12 Sep 2011 | — | — | 1.50 | |
| Dividend | 08 Sep 2010 | — | — | 1.50 | |
| Dividend | 10 Sep 2009 | — | — | 1.20 | |
| Dividend | 11 Sep 2008 | — | — | 1.20 | |
| Dividend | 20 Sep 2007 | — | — | 1.20 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
-
Rating update9 Jul from fitch
-
Rating update10 Apr 2025 from fitch
-
Rating update24 Jan 2024 from fitch
-
Rating update5 Jan 2024 from fitch
-
Rating update4 Jan 2024 from care
-
Rating update4 Oct 2023 from care