About
Veedol Corporation Limited, together with its subsidiaries, engages in the manufacturing and marketing of lubricants under the Veedol brand in India. It offers automotive lubricants, including two-wheeler, passenger car motor, commercial vehicle, tractor, off-highway, and gear and transmission oils, as well as greases, EV fluids, and OEM oils. The company also offers industrial lubricants comprising hydraulic and circulation, spindle, turbine, heavy-duty hydraulic, compressor, refrigeration compressor, steam cylinder, industrial gear, slideway, mill roll, pneumatic tool, and transmission oils; thermic and automotive fluids; lithium based and complex greases, graphite, calcium complex, and high-temperature greases; cardium compounds; and coolants. In addition, it provides vehicle care products, such as additives range, appearance enhancers, cleaners and degreasers, lubricants, and rust penetrants. Further, it engages in the wind energy business. The company's distribution network consists of distributors, retail outlets, and workshops. It operates in Europe, the Americas, the Middle East, Africa, the Asia Pacific, and South Asia. The company was formerly known as Tide Water Oil Co. (India) Limited and changed its name to Veedol Corporation Limited in September 2024. Veedol Corporation Limited was incorporated in 1921 and is based in Kolkata, India.
Key Metrics
as of Sep 2026Market Cap2,575 Cr
P/E11.70
Div Yield3.93 %
Book Value₹594.00
52w High₹2,035.00
52w Low₹1,238.00
Face Value₹2.00
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 | 392.00 | 428.00 | 395.00 | 352.00 | 373.00 | 398.00 | 386.00 | 364.00 | 378.00 | 388.00 | 404.00 | 381.00 | 383.00 |
| Expenses | 375.00 | 414.00 | 379.00 | 341.00 | 359.00 | 363.00 | 368.00 | 345.00 | 360.00 | 359.00 | 381.00 | 363.00 | 361.00 |
| Operating Profit | 18.00 | 13.00 | 16.00 | 10.00 | 13.00 | 34.00 | 18.00 | 19.00 | 18.00 | 29.00 | 23.00 | 18.00 | 22.00 |
| OPM % | 4.50 | 3.10 | 4.00 | 2.90 | 3.60 | 9.00 | 4.70 | 5.00 | 4.80 | 8.00 | 6.00 | 4.70 | 6.00 |
| Other Income | 18.00 | 38.00 | 38.00 | 27.00 | 13.00 | 20.00 | 17.00 | 14.00 | 20.00 | 18.00 | 13.00 | 11.00 | 14.00 |
| Depreciation | 5.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 6.00 | 7.00 | 4.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Interest | 0.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 30.00 | 44.00 | 48.00 | 31.00 | 20.00 | 47.00 | 28.00 | 25.00 | 34.00 | 45.00 | 33.00 | 26.00 | 33.00 |
| Tax % | 13.00 | -11.00 | 8.00 | 15.00 | 17.00 | 5.00 | -18.00 | 22.00 | 21.00 | 17.00 | 20.00 | 20.00 | 21.00 |
| Net Profit | 26.00 | 49.00 | 44.00 | 26.00 | 16.00 | 45.00 | 34.00 | 20.00 | 27.00 | 37.00 | 26.00 | 21.00 | 26.00 |
| EPS in Rs | 15.03 | 28.03 | 25.05 | 15.15 | 9.35 | 25.81 | 19.30 | 11.19 | 15.37 | 21.33 | 15.07 | 12.03 | 15.12 |
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 | 1,547.00 | 1,527.00 | 1,557.00 | 1,492.00 | 1,248.00 | 1,051.00 | 1,127.00 | 1,193.00 | 1,074.00 | 962.00 | 935.00 | 956.00 |
| Expenses | 1,494.00 | 1,437.00 | 1,464.00 | 1,411.00 | 1,145.00 | 926.00 | 1,007.00 | 1,072.00 | 949.00 | 830.00 | 794.00 | 868.00 |
| Operating Profit | 53.00 | 91.00 | 93.00 | 82.00 | 103.00 | 126.00 | 121.00 | 121.00 | 125.00 | 132.00 | 141.00 | 88.00 |
| OPM % | 3.50 | 6.00 | 6.00 | 5.00 | 8.00 | 12.00 | 11.00 | 10.00 | 12.00 | 14.00 | 15.00 | 9.00 |
| Other Income | 115.00 | 69.00 | 55.00 | 36.00 | 46.00 | 42.00 | 33.00 | 35.00 | 30.00 | 28.00 | -1.00 | 163.00 |
| Interest | 2.00 | 3.00 | 1.00 | 1.00 | 1.00 | 2.00 | 1.00 | 1.00 | 1.00 | 1.00 | 0.00 | 0.00 |
| Depreciation | 24.00 | 22.00 | 10.00 | 10.00 | 11.00 | 10.00 | 9.00 | 8.00 | 8.00 | 7.00 | 7.00 | 7.00 |
| Profit before tax | 142.00 | 134.00 | 137.00 | 106.00 | 136.00 | 156.00 | 143.00 | 147.00 | 147.00 | 151.00 | 133.00 | 243.00 |
| Tax % | 5.00 | 7.00 | 19.00 | 20.00 | 22.00 | 25.00 | 26.00 | 34.00 | 34.00 | 32.00 | 38.00 | 30.00 |
| Net Profit | 135.00 | 125.00 | 111.00 | 85.00 | 107.00 | 117.00 | 106.00 | 97.00 | 97.00 | 103.00 | 83.00 | 171.00 |
| EPS in Rs | 77.57 | 71.67 | 63.54 | 48.72 | 61.17 | 67.11 | 60.42 | 55.27 | 55.39 | 58.82 | 47.53 | 99.51 |
| Dividend Payout % | 146.00 | 74.00 | 80.00 | 84.00 | 88.00 | 87.00 | 80.00 | 83.00 | 61.00 | 50.00 | 52.00 | 17.00 |
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 | 3.00 | 3.00 | 3.00 | 3.00 | 3.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 0.85 |
| Reserves | 791.00 | 746.00 | 709.00 | 681.00 | 668.00 | 702.00 | 671.00 | 645.00 | 654.00 | 627.00 | 599.00 | 516.00 |
| Borrowings | 15.00 | 21.00 | 0.00 | 4.00 | 0.00 | 1.00 | 1.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Other Liabilities | 234.00 | 231.00 | 249.00 | 250.00 | 230.00 | 229.00 | 198.00 | 206.00 | 211.00 | 211.00 | 208.00 | 192.00 |
| Total Liabilities | 1,043.00 | 1,002.00 | 962.00 | 939.00 | 902.00 | 934.00 | 872.00 | 853.00 | 867.00 | 839.00 | 809.00 | 709.00 |
| Fixed Assets | 136.00 | 141.00 | 107.00 | 109.00 | 114.00 | 118.00 | 122.00 | 112.00 | 104.00 | 97.00 | 97.00 | 90.00 |
| CWIP | 4.00 | 2.00 | 7.00 | 2.00 | 1.00 | 1.00 | 2.00 | 1.00 | 3.00 | 0.00 | 2.00 | 0.00 |
| Investments | 215.00 | 215.00 | 215.00 | 215.00 | 215.00 | 215.00 | 215.00 | 214.00 | 214.00 | 212.00 | 115.00 | 121.00 |
| Other Assets | 688.00 | 644.00 | 632.00 | 612.00 | 572.00 | 599.00 | 533.00 | 526.00 | 546.00 | 530.00 | 596.00 | 498.00 |
| Total Assets | 1,043.00 | 1,002.00 | 962.00 | 939.00 | 902.00 | 934.00 | 872.00 | 853.00 | 867.00 | 839.00 | 809.00 | 709.00 |
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 | 91.00 | -35.00 | 95.00 | 54.00 | 80.00 | 48.00 | 121.00 | 82.00 | 102.00 | 41.00 | 139.00 | 93.00 |
| Cash from Investing Activity | 135.00 | 129.00 | -37.00 | 31.00 | 47.00 | 44.00 | -43.00 | -6.00 | -86.00 | 16.00 | -7.00 | 36.00 |
| Cash from Financing Activity | -122.00 | -98.00 | -85.00 | -68.00 | -138.00 | -84.00 | -76.00 | -105.00 | -71.00 | -56.00 | -48.00 | -32.00 |
| Net Cash Flow | 105.00 | -4.00 | -27.00 | 18.00 | -12.00 | 9.00 | 1.00 | -29.00 | -55.00 | 1.00 | 83.00 | 97.00 |
| Free Cash Flow | 72.00 | -56.00 | 79.00 | 47.00 | 74.00 | 42.00 | 103.00 | 68.00 | 85.00 | 34.00 | 124.00 | 211.00 |
| CFO/OP % | 207.00 | -14.00 | 121.00 | 92.00 | 104.00 | 60.00 | 130.00 | 112.00 | 124.00 | 76.00 | 136.00 | 145.00 |
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 | 45.00 | 34.00 | 36.00 | 40.00 | 38.00 | 34.00 | 45.00 | 47.00 | 58.00 | 57.00 | 57.00 |
| Inventory Days | 102.00 | 113.00 | 90.00 | 99.00 | 118.00 | 171.00 | 110.00 | 88.00 | 100.00 | 129.00 | 111.00 | 90.00 |
| Days Payable | 46.00 | 39.00 | 36.00 | 57.00 | 70.00 | 100.00 | 78.00 | 75.00 | 88.00 | 93.00 | 86.00 | 53.00 |
| Cash Conversion Cycle | 99.00 | 119.00 | 88.00 | 78.00 | 88.00 | 108.00 | 66.00 | 58.00 | 59.00 | 95.00 | 83.00 | 94.00 |
| Working Capital Days | 73.00 | 102.00 | 96.00 | 60.00 | 72.00 | 82.00 | 60.00 | 63.00 | 67.00 | 78.00 | 64.00 | 71.00 |
| ROCE % | 18.00 | 19.00 | 20.00 | 16.00 | 20.00 | 23.00 | 22.00 | 23.00 | 23.00 | 25.00 | 28.00 | 21.00 |
Corporate Actions
47 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 17 Jul 2026 | 17 Jul 2026 | — | 22.00 | |
| Dividend | 06 Feb 2026 | 06 Feb 2026 | — | 14.00 | |
| Dividend | 14 Nov 2025 | 14 Nov 2025 | — | 22.00 | |
| Dividend | 07 Jul 2025 | 07 Jul 2025 | — | 22.00 | |
| Dividend | 13 Feb 2025 | 13 Feb 2025 | — | 12.00 | |
| Dividend | 22 Nov 2024 | 22 Nov 2024 | — | 20.00 | |
| Dividend | 04 Jul 2024 | — | — | 20.00 | |
| Dividend | 22 Feb 2024 | 22 Feb 2024 | — | 12.00 | |
| Dividend | 21 Nov 2023 | 21 Nov 2023 | — | 20.00 | |
| Dividend | 04 Jul 2023 | — | — | 15.00 | |
| Dividend | 22 Feb 2023 | 22 Feb 2023 | — | 10.00 | |
| Dividend | 21 Nov 2022 | 22 Nov 2022 | — | 12.00 | |
| Dividend | 22 Aug 2022 | 23 Aug 2022 | — | 5.00 | |
| Dividend | 01 Jul 2022 | — | — | 15.00 | |
| Dividend | 21 Feb 2022 | 22 Feb 2022 | — | 20.00 | |
| Dividend | 22 Nov 2021 | 23 Nov 2021 | — | 20.00 | |
| Bonus | 26 Jul 2021 | 27 Jul 2021 | 1:1 | — | |
| Split | 26 Jul 2021 | 27 Jul 2021 | 5:2 | — | |
| Dividend | 19 Jul 2021 | — | — | 200.00 | |
| Dividend | 23 Nov 2020 | 24 Nov 2020 | — | 100.00 | |
| Dividend | 20 Aug 2020 | — | — | 140.00 | |
| Dividend | 24 Feb 2020 | 25 Feb 2020 | — | 60.00 | |
| Dividend | 21 Nov 2019 | 22 Nov 2019 | — | 50.00 | |
| Dividend | 22 Aug 2019 | — | — | 75.00 | |
| Dividend | 22 Mar 2019 | 25 Mar 2019 | — | 85.00 | |
| Dividend | 19 Nov 2018 | 20 Nov 2018 | — | 75.00 | |
| Dividend | 06 Aug 2018 | — | — | 100.00 | |
| Dividend | 20 Nov 2017 | 21 Nov 2017 | — | 75.00 | |
| Dividend | 18 Jul 2017 | — | — | 100.00 | |
| Dividend | 06 Dec 2016 | 07 Dec 2016 | — | 50.00 | |
| Dividend | 20 Sep 2016 | — | — | 87.50 | |
| Split | 16 Mar 2016 | 17 Mar 2016 | 10:5 | — | |
| Bonus | 16 Mar 2016 | 17 Mar 2016 | 1:1 | — | |
| Dividend | 10 Nov 2015 | 13 Nov 2015 | — | 150.00 | |
| Dividend | 14 Jul 2015 | — | — | 250.00 | |
| Dividend | 20 Nov 2014 | 21 Nov 2014 | — | 100.00 | |
| Dividend | 21 Aug 2014 | — | — | 200.00 | |
| Dividend | 08 Aug 2013 | — | — | 150.00 | |
| Dividend | 08 Aug 2012 | — | — | 120.00 | |
| Dividend | 12 Jul 2011 | — | — | 60.00 | |
| Dividend | 26 Aug 2010 | — | — | 50.00 | |
| Dividend | 04 Sep 2009 | — | — | 30.00 | |
| Dividend | 01 Sep 2008 | — | — | 20.00 | NSE/BSE dividend mismatch: NSE=4.0; BSE=20.0 |
| Dividend | 01 Sep 2008 | — | — | 4.00 | NSE/BSE dividend mismatch: NSE=4.0; BSE=20.0 |
| Dividend | 16 Aug 2007 | — | — | 5.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=5.0 |
| Dividend | 16 Aug 2007 | — | — | 1.00 | NSE/BSE dividend mismatch: NSE=1.0; BSE=5.0 |
| Dividend | 19 Apr 2007 | 20 Apr 2007 | — | 2.00 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update4 Feb from care
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Rating update31 Oct 2024 from care
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Rating update2 Aug 2023 from care
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Rating update1 Aug 2022 from care
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Rating update3 Aug 2021 from care
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Rating update2 Sep 2020 from care