VEEDOL CORPORATION LTD (VEEDOL) financials

VEEDOL CORPORATION LTD (VEEDOL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Veedol Corporation Ltd, formerly Tide WaterOil Co. (India) Ltd, manufactures and markets automotive, OEM and industrial lubricants, greases, transmission fluids, coolants, EV fluids and vehicle-care products under the Veedol and ENEOS brands. It operates five Indian plants, has subsidiaries in the UK and UAE and sells across 70+ countries.[1][2]

Market Cap: ₹2,374Cr.
Current Price: ₹1,362
Stock P/E: 16.4
ROE: 17.3%
ROCE: 18.2%
Book Value: ₹456
Dividend Yield: 4.26%
52W High / Low: ₹1,858/1,238

In Jun 2026, VEEDOL CORPORATION LTD (VEEDOL) reported sales ₹392 Cr and net profit ₹26 Cr.

Annual TTM: sales ₹1,566 Cr, net profit ₹145 Cr.

Shareholding: Promoters 64.58% (Sep 2026), FIIs 1.02% (Sep 2026), DIIs 1.17% (Sep 2026), Public 30.78% (Sep 2026), Others 2.46% (Sep 2026).

VEEDOL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	364	386	398	373	352	395	428	392
Expenses	345	368	363	359	341	379	414	375
Operating Profit	19	18	34	13	10	16	13	18
OPM %	5%	4.7%	9%	3.6%	2.9%	4.0%	3.1%	4.5%
Other Income	14	17	20	13	27	38	38	18
Interest	1	1	1	1	1	0	1	0
Depreciation	7	6	6	6	6	6	6	5
Profit before tax	25	28	47	20	31	48	44	30
Tax %	22%	-18%	5%	17%	15%	8%	-11%	13%
Net Profit	20	34	45	16	26	44	49	26
EPS in Rs	11.19	19.30	25.81	9.35	15.15	25.05	28.03	15.03
Raw PDF	—	—	—	—	—	—	—	—

VEEDOL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	1,127	1,051	1,248	1,492	1,557	1,527	1,547	1,566
Expenses	1,007	926	1,145	1,411	1,464	1,437	1,494	1,509
Operating Profit	121	126	103	82	93	91	53	57
OPM %	11%	12%	8%	5%	6%	6%	3.5%	3.7%
Other Income	33	42	46	36	55	69	115	121
Interest	1	2	1	1	1	3	2	2
Depreciation	9	10	11	10	10	22	24	23
Profit before tax	143	156	136	106	137	134	142	153
Tax %	26%	25%	22%	20%	19%	7%	5%	—
Net Profit	106	117	107	85	111	125	135	145
EPS in Rs	60.42	67.11	61.17	48.72	63.54	71.67	77.57	83.26
Dividend Payout %	80%	87%	88%	84%	80%	74%	146%	—

VEEDOL balance sheet (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	2	2	3	3	3	3	3
Reserves	645	671	702	668	681	709	746	791
Borrowings	0	1	1	0	4	0	21	15
Other Liabilities	206	198	229	230	250	249	231	234
Total Liabilities	853	872	934	902	939	962	1,002	1,043
Fixed Assets	112	122	118	114	109	107	141	136
CWIP	1	2	1	1	2	7	2	4
Investments	214	215	215	215	215	215	215	215
Other Assets	526	533	599	572	612	632	644	688
Total Assets	853	872	934	902	939	962	1,002	1,043

VEEDOL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	82	121	48	80	54	95	-35	91
Cash from Investing Activity	-6	-43	44	47	31	-37	129	135
Cash from Financing Activity	-105	-76	-84	-138	-68	-85	-98	-122
Net Cash Flow	-29	1	9	-12	18	-27	-4	105
Free Cash Flow	68	103	42	74	47	79	-56	72
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	112%	130%	60%	104%	92%	121%	-14%	207%

VEEDOL shareholding pattern (%)
Category	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	64.29%	64.29%	62.35%	64.58%	64.58%	64.58%	64.58%	64.58%
FIIs	1.46%	1.26%	1.14%	1.37%	1.17%	1.06%	1.02%	1.02%
DIIs	1.28%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%	1.17%
Public	30.51%	30.82%	32.86%	30.41%	30.61%	30.72%	30.76%	30.78%
Others	2.46%	2.46%	2.46%	2.46%	2.46%	2.46%	2.46%	2.46%
No. of Shareholders	59,365	58,514	59,920	56,831	56,211	55,526	54,979	54,588

VEEDOL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	45	34	38	40	36	34	45	43
Inventory Days	88	110	171	118	99	90	113	102
Days Payable	75	78	100	70	57	36	39	46
Cash Conversion Cycle	58	66	108	88	78	88	119	99
Working Capital Days	63	60	82	72	60	96	102	73
ROCE %	23%	22%	23%	20%	16%	20%	19%	18%

VEEDOLUpdated 18 Oct 2026, 9:39

Veedol Corporation Ltd

VEEDOLUpdated 18 Oct 2026, 9:39

Market Cap

₹2,374Cr.

Current Price

₹1,362

High / Low

₹1,858/1,238

Stock P/E

16.4

ROE17.3%

ROCE18.2%

Book Value₹456

Face Value₹2.00

Dividend Yield4.26%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	383	0	361	14	2	33	21	26	15.12
Sep 2023	381	0	363	11	2	26	20	21	12.03
Dec 2023	404	0	381	13	2	33	20	26	15.07
Mar 2024	388	0	359	18	2	45	17	37	21.33
Jun 2024	378	1	360	20	4	34	21	27	15.37
Sep 2024	364	1	345	14	7	25	22	20	11.19
Dec 2024	386	1	368	17	6	28	-18	34	19.3
Mar 2025	398	1	363	20	6	47	5	45	25.81
Jun 2025	373	1	359	13	6	20	17	16	9.35
Sep 2025	352	1	341	27	6	31	15	26	15.15
Dec 2025	395	0	379	38	6	48	8	44	25.05
Mar 2026	428	1	414	38	6	44	-11	49	28.03
Jun 2026	392	0	375	18	5	30	13	26	15.03

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	956	0	868	163	7	243	30	171	99.51
Mar 2016	935	0	794	-1	7	133	38	83	47.53
Mar 2017	962	1	830	28	7	151	32	103	58.82
Mar 2018	1074	1	949	30	8	147	34	97	55.39
Mar 2019	1193	1	1072	35	8	147	34	97	55.27
Mar 2020	1127	1	1007	33	9	143	26	106	60.42
Mar 2021	1051	2	926	42	10	156	25	117	67.11
Mar 2022	1248	1	1145	46	11	136	22	107	61.17
Mar 2023	1492	1	1411	36	10	106	20	85	48.72
Mar 2024	1557	1	1464	55	10	137	19	111	63.54
Mar 2025	1527	3	1437	69	22	134	7	125	71.67
Mar 2026	1547	2	1494	115	24	142	5	135	77.57
TTM	1566	2	1509	121	23	153	—	145	83.26

Shareholding pattern

As of Sep 2026%

Holder	Share
Promoters	64.58%
FIIs	1.02%
DIIs	1.17%
Public	30.78%
Others	2.46%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public	Others
Dec 2023	62.27%	1.38%	1.27%	32.61%	2.46%
Mar 2024	62.27%	1.51%	1.22%	32.53%	2.46%
Jun 2024	64.15%	1.98%	1.23%	30.17%	2.46%
Sep 2024	64.29%	1.71%	1.24%	30.3%	2.46%
Dec 2024	64.29%	1.46%	1.28%	30.51%	2.46%
Mar 2025	64.29%	1.26%	1.17%	30.82%	2.46%
Jun 2025	62.35%	1.14%	1.17%	32.86%	2.46%
Sep 2025	64.58%	1.37%	1.17%	30.41%	2.46%
Dec 2025	64.58%	1.17%	1.17%	30.61%	2.46%
Mar 2026	64.58%	1.06%	1.17%	30.72%	2.46%
Jun 2026	64.58%	1.02%	1.17%	30.76%	2.46%
Sep 2026	64.58%	1.02%	1.17%	30.78%	2.46%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	0.85	516	0	192	709	90	0	121	498	709
Mar 2016	2	599	0	208	809	97	2	115	596	809
Mar 2017	2	627	0	211	839	97	0	212	530	839
Mar 2018	2	654	0	211	867	104	3	214	546	867
Mar 2019	2	645	0	206	853	112	1	214	526	853
Mar 2020	2	671	1	198	872	122	2	215	533	872
Mar 2021	2	702	1	229	934	118	1	215	599	934
Mar 2022	3	668	0	230	902	114	1	215	572	902
Mar 2023	3	681	4	250	939	109	2	215	612	939
Mar 2024	3	709	0	249	962	107	7	215	632	962
Mar 2025	3	746	21	231	1002	141	2	215	644	1002
Mar 2026	3	791	15	234	1043	136	4	215	688	1043

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	93	36	-32	97
Mar 2016	139	-7	-48	83
Mar 2017	41	16	-56	1
Mar 2018	102	-86	-71	-55
Mar 2019	82	-6	-105	-29
Mar 2020	121	-43	-76	1
Mar 2021	48	44	-84	9
Mar 2022	80	47	-138	-12
Mar 2023	54	31	-68	18
Mar 2024	95	-37	-85	-27
Mar 2025	-35	129	-98	-4
Mar 2026	91	135	-122	105

Key ratios

Historical financial ratios

Category	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	57	57	58	47	45	34	38	40	36	34	45	43
Inventory Days	90	111	129	100	88	110	171	118	99	90	113	102
Days Payable	53	86	93	88	75	78	100	70	57	36	39	46
Cash Conversion Cycle	94	83	95	59	58	66	108	88	78	88	119	99
Working Capital Days	71	64	78	67	63	60	82	72	60	96	102	73
ROCE %	21%	28%	25%	23%	23%	22%	23%	20%	16%	20%	19%	18%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of VEEDOL CORPORATION LTD (VEEDOL)?

The reported market capitalisation for VEEDOL CORPORATION LTD (VEEDOL) is ₹2,374Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of VEEDOL?

The current price shown for VEEDOL CORPORATION LTD (VEEDOL) on Fincrux is ₹1,362 with a 52-week high/low of ₹1,858/1,238.

What is the P/E ratio of VEEDOL CORPORATION LTD (VEEDOL)?

The stock P/E for VEEDOL CORPORATION LTD (VEEDOL) is 16.4 on Fincrux, with ROE at 17.3% and ROCE at 18.2%.

What were VEEDOL latest quarterly results?

For Jun 2026, VEEDOL CORPORATION LTD (VEEDOL) reported sales ₹392 Cr and net profit ₹26 Cr (figures in ₹ crore unless noted).

What are VEEDOL annual sales and net profit?

For TTM, VEEDOL CORPORATION LTD (VEEDOL) shows sales of ₹1,566 Cr and net profit of ₹145 Cr on the Fincrux profit & loss statement.

Who owns VEEDOL CORPORATION LTD (VEEDOL)?

Latest shareholding for VEEDOL CORPORATION LTD (VEEDOL) on Fincrux: Promoters 64.58% (Sep 2026), FIIs 1.02% (Sep 2026), DIIs 1.17% (Sep 2026), Public 30.78% (Sep 2026), Others 2.46% (Sep 2026).

Where can I find VEEDOL CORPORATION LTD (VEEDOL) financials?

VEEDOL CORPORATION LTD (VEEDOL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show VEEDOL balance sheet and cash flow?

Yes. The VEEDOL CORPORATION LTD (VEEDOL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 9:39