Veljan Denison Ltd.

•

veljan.inBSE: 505232NSE: VELJAN

Market Cap₹ 848 Cr.

Current Price

High / Low₹ 1,980 / 812

Stock P/E32.4

Book Value₹ 575

Price to Book1.36

Dividend Yield0.45 %

ROCE14.9 %

ROE10.8 %

Face Value₹ 10

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ABOUT

AI Sector View

AI GENERATED

Capital Goods

Buy

Capital goods is supported by strong public capex and still-expansionary industrial activity. Capital expenditure rose 66% YoY (2026-06), GST collections grew 8% YoY (2026-07), and the core industries Overall Index increased 5.4% YoY (2026-07). E-way bills slowed to 6% YoY (2026-07) and sector FPI flows show INR -9697 crore net outflow over 3 months to 2026-08-31, but the investment cycle and fiscal impulse remain favorable.

Confidence

72%

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PROS

Company is almost debt free
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 0.93x)
Company comfortably covers its interest (62.0x coverage)
Company generates healthy free cash flow

CONS

Valuation is stretched - P/E of 32.4 is well above its own 5-year median (17.2)
Though reporting repeated profits, the company pays out little dividend (15.0%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Capital GoodsCapital GoodsCompressors / Pumps

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name
1.	ELGIEQUIP	618.50	43.76	19600.82	0.44	103.30	20.68	1062.20	22.56	24.39	14.79
2.	INGERRAND	4572.00	53.95	14432.89	1.64	70.46	19.46	379.46	20.34	56.31	23.78
3.	KIRLOSBROS	1785.00	37.96	14174.49	0.39	67.60	0.15	1104.90	12.86	19.79	10.56
4.	KSB	802.95	56.92	13974.48	0.55	57.20	-18.75	690.70	3.60	22.98	12.42
5.	KIRLPNU	719.80	35.57	9352.10	0.83	332.00	31.23	3031.00	7.60	28.95	15.04
6.	DYNAMATECH	12095.45	193.60	8214.56	0.08	20.79	93.04	424.81	14.53	8.88	12.97
7.	SHAKTIPUMP	493.65	28.69	6091.54	0.20	515.90	432.79	8586.70	1279.39	23.76	9.65
8.	WPIL	435.00	25.05	4248.68	0.46	59.01	129.24	500.54	32.21	17.32	17.29
9.	OSWALPUMPS	282.75	9.61	3223.49	0.00	54.14	-42.82	473.56	-7.86	78.75	15.74
10.	YUKEN	1112.70	96.67	1511.49	0.13	5.21	28.60	134.33	28.48	7.59	11.01
11.	ROTO	64.19	43.66	1209.63	0.30	92.46	1368.32	755.96	1047.48	20.48	20.08
12.	VELJAN	1884.65	32.39	848.09	0.45	7.68	4.69	43.48	2.01	14.93	25.76

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	32	34	35	37	37	37	40	41	43	39	37	46	43
	23	26	27	28	29	28	30	32	32	29	28	36	34
Operating Profit	9	8	8	9	8	9	10	9	11	10	8	10	9
OPM %	27.72%	22.13%	24.07%	23.29%	22.57%	24.53%	24.90%	22.67%	25.43%	25.94%	22.86%	22.50%	21.59%
	1	1	1	1	1	1	1	1	1	1	1	1	1
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	1	1	1	1	1	1	2	2	2	2	2	2	2
Profit before Tax	8	6	8	8	8	8	9	8	10	9	7	9	11
Tax %	25.69%	25.91%	25.92%	25.72%	32.58%	26.49%	27.14%	27.17%	26.23%	26.49%	31.90%	26.83%	26.92%
Net Profit	0	0	0	0	5	6	7	6	7	7	5	7	8
	26.36	10.43	12.52	12.65	11.31	13.44	14.57	13.39	16.30	14.79	11.24	15.09	17.06

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	121	138	156	164	165
	95	104	119	124	127
Operating Profit	26	33	37	40	38
OPM %	21.33%	24.24%	23.66%	24.16%	23.15%
	2	3	3	3	4
Interest	1	1	1	1	1
Depreciation	5	6	6	6	7
Profit before Tax	22	30	33	36	36
Tax %	25.84%	25.36%	28.23%	27.66%	27.81%
Net Profit	16	22	24	26	26
EPS	71.22	98.11	53.68	56.73	—
Dividend Payout %	18.25%	17.33%	15.83%	14.98%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 11%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: 17%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 11%
Last Year:: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	2	2	4	4
	183	203	221	246
	9	7	8	1
Trade Payables	12	10	13	10
	19	17	20	20
Total Liabilities	225	239	268	283
	70	90	95	96
Capital Work in Progress	15	3	2	2
	56	65	76	74
	0	31	35	37
Cash & Bank	40	40	48	64
	43	11	12	10
Total Assets	225	239	268	283

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	24	15	19	32
Cash from Investing	-17	-8	-9	-13
Cash from Financing	0	-8	-4	-12
	2	-0	7	7

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.98	74.98	74.98	74.98	74.98	74.98	74.98	74.98
FIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
DIIs	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	25.02	25.02	25.02	25.02	25.02	25.02	25.02	25.02

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

No announcements filed.

News

Recent coverage and analyst commentary for VELJAN

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Veljan Denison Ltd.

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Free 5nance Account

Name

ELGIEQUIP

618.50

43.76

19600.82

0.44

103.30

20.68

1062.20

22.56

24.39

14.79

INGERRAND

4572.00

53.95

14432.89

1.64

70.46

19.46

379.46

20.34

56.31

23.78

KIRLOSBROS

1785.00

37.96

14174.49

0.39

67.60

0.15

1104.90

12.86

19.79

10.56

KSB

802.95

56.92

13974.48

0.55

57.20

-18.75

690.70

3.60

22.98

12.42

KIRLPNU

719.80

35.57

9352.10

0.83

332.00

31.23

3031.00

7.60

28.95

15.04

DYNAMATECH

12095.45

193.60

8214.56

0.08

20.79

93.04

424.81

14.53

8.88

12.97

SHAKTIPUMP

493.65

28.69

6091.54

0.20

515.90

432.79

8586.70

1279.39

23.76

9.65

WPIL

435.00

25.05

4248.68

0.46

59.01

129.24

500.54

32.21

17.32

17.29

OSWALPUMPS

282.75

9.61

3223.49

0.00

54.14

-42.82

473.56

-7.86

78.75

15.74

YUKEN

1112.70

96.67

1511.49

0.13

5.21

28.60

134.33

28.48

7.59

11.01

ROTO

64.19

43.66

1209.63

0.30

92.46

1368.32

755.96

1047.48

20.48

20.08

VELJAN

1884.65

32.39

848.09

0.45

7.68

4.69

43.48

2.01

14.93

25.76

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

Operating Profit

OPM %

27.72%

22.13%

24.07%

23.29%

22.57%

24.53%

24.90%

22.67%

25.43%

25.94%

22.86%

22.50%

21.59%

Interest

Depreciation

Profit before Tax

Tax %

25.69%

25.91%

25.92%

25.72%

32.58%

26.49%

27.14%

27.17%

26.23%

26.49%

31.90%

26.83%

26.92%

Net Profit

26.36

10.43

12.52

12.65

11.31

13.44

14.57

13.39

16.30

14.79

11.24

15.09

17.06

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

121

138

156

164

165

104

119

124

127

Operating Profit

OPM %

21.33%

24.24%

23.66%

24.16%

23.15%

Interest

Depreciation

Profit before Tax

Tax %

25.84%

25.36%

28.23%

27.66%

27.81%

Net Profit

EPS

71.22

98.11

53.68

56.73

—

Dividend Payout %

18.25%

17.33%

15.83%

14.98%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

183

203

221

246

Trade Payables

Total Liabilities

225

239

268

283

Capital Work in Progress

Cash & Bank

Total Assets

225

239

268

283

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Cash from Investing

-17

-8

-9

-13

Cash from Financing

-8

-4

-12

-0

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.98

FIIs

0.00

DIIs

0.00

Government

0.00

25.02

Veljan Denison Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Veljan Denison Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI