Veljan Denison Ltd.

1,785.2-3.01%

2026-08-21

veljan.inBSE: 505232NSE: VELJAN
Market Cap₹ 808 Cr.
Current Price₹ 1,841
High / Low₹ 1,980 / 812
Stock P/E30.8
Book Value₹ 575
Price to Book1.36
Dividend Yield0.47 %
ROCE14.9 %
ROE10.8 %
Face Value₹ 10

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ABOUT

KEY POINTS

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 30.8 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

EDIT COLUMNS
S.No.NameCMP Rs.P/EMar Cap Rs.Cr.Div Yld %NP Qtr Rs.Cr.Qtr Profit Var %Sales Qtr Rs.Cr.Qtr Sales Var %ROCE %OPM %
1.ELGIEQUIP638.1545.1520223.550.42103.3020.681062.2022.5624.3914.79
2.KIRLOSBROS1950.9041.4915491.890.3667.600.151104.9012.8619.7910.56
3.INGERRAND4634.500.0014630.191.6270.4619.46379.4620.3456.3123.78
4.KSB807.6057.2514055.410.5457.20-18.75690.703.6022.9812.42
5.KIRLPNU736.1536.389564.530.82332.0031.233031.007.6028.9515.04
6.DYNAMATECH11717.65187.567957.980.0920.7993.04424.8114.539.9212.97
7.SHAKTIPUMP492.4528.626076.730.20515.90432.798586.701279.3923.769.65
8.WPIL451.8526.024413.260.4459.01129.24500.5432.2117.3217.29
9.OSWALPUMPS292.209.933331.220.0054.14-42.82473.56-7.8678.7515.74
10.YUKEN940.1581.681277.100.165.2128.60134.3328.487.5911.01
11.ROTO66.0744.941245.060.2992.461368.32755.961047.4820.4820.08
12.VELJAN1794.5530.84807.550.477.684.6943.482.0114.9325.76
Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2023
32
23
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
1
8
Tax %
25.69%
Net Profit
0
26
Equity Capital
2
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
2
Reserves
0
Promoter Pledge %
0.00%
Sep 2023
34
26
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
1
6
Tax %
25.91%
Net Profit
0
10
Equity Capital
2
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
2
Reserves
0
Promoter Pledge %
0.00%
Dec 2023
35
27
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
1
8
Tax %
25.92%
Net Profit
0
13
Equity Capital
2
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
2
Reserves
0
Promoter Pledge %
0.00%
Mar 2024
37
28
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
1
8
Tax %
25.72%
Net Profit
0
13
Equity Capital
2
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
2
Reserves
0
Promoter Pledge %
0.00%
Jun 2024
37
29
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
1
8
Tax %
32.58%
Net Profit
5
11
Equity Capital
2
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
2
Reserves
0
Promoter Pledge %
0.00%
Sep 2024
37
28
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
1
8
Tax %
26.49%
Net Profit
6
13
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Dec 2024
40
30
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
2
9
Tax %
27.14%
Net Profit
7
15
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Mar 2025
41
32
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
2
8
Tax %
27.17%
Net Profit
6
13
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Jun 2025
43
32
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
2
10
Tax %
26.23%
Net Profit
7
16
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Sep 2025
39
29
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
2
9
Tax %
26.49%
Net Profit
7
15
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Dec 2025
37
28
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
2
7
Tax %
31.90%
Net Profit
5
11
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Mar 2026
46
36
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
2
9
Tax %
26.83%
Net Profit
7
15
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Jun 2026
43
34
Operating Profit
OPM %
Other Income
1
Interest
0
Depreciation
2
11
Tax %
26.92%
Net Profit
8
2
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%
Equity Capital
4
Reserves
0
Promoter Pledge %
0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
121
95
Operating Profit
28
OPM %
23
Other Income
2
Interest
1
Depreciation
5
22
Tax %
26
Net Profit
16
EPS
71
Dividend Payout %
18
Minority Interest
0
Share of Associates
0
Adjusted EPS
36
Minority Interest
0
Share of Associates
0
Adjusted EPS
36
Mar 2024
138
104
Operating Profit
36
OPM %
26
Other Income
3
Interest
1
Depreciation
6
30
Tax %
25
Net Profit
22
EPS
98
Dividend Payout %
17
Minority Interest
0
Share of Associates
0
Adjusted EPS
49
Minority Interest
0
Share of Associates
0
Adjusted EPS
49
Mar 2025
156
119
Operating Profit
40
OPM %
26
Other Income
3
Interest
1
Depreciation
6
33
Tax %
28
Net Profit
24
EPS
54
Dividend Payout %
16
Minority Interest
0
Share of Associates
0
Adjusted EPS
54
Minority Interest
0
Share of Associates
0
Adjusted EPS
54
Mar 2026
164
124
Operating Profit
43
OPM %
26
Other Income
3
Interest
1
Depreciation
6
36
Tax %
28
Net Profit
26
EPS
57
Dividend Payout %
15
Minority Interest
0
Share of Associates
0
Adjusted EPS
57
Minority Interest
0
Share of Associates
0
Adjusted EPS
57
TTM
165
127
Operating Profit
OPM %
Other Income
4
Interest
1
Depreciation
7
36
Tax %
28
Net Profit
26
EPS
Dividend Payout %
Minority Interest
0
Share of Associates
0
Adjusted EPS
Minority Interest
0
Share of Associates
0
Adjusted EPS

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

Corporate actions

2024

May 29

1:1

Bonus issue

Mar 2023
Equity Capital
2
183
9
Trade Payables
12
19
Total Liabilities
225
70
Capital Work in Progress
15
56
0
Cash & Bank
40
43
Total Assets
225
Total Debt
9
Net Working Capital
103
Contingent Liabilities
2
Book Value per Share
823.04
Face Value
10.00
Total Debt
9
Net Working Capital
103
Contingent Liabilities
2
Book Value per Share
823.04
Face Value
10.00
Mar 2024
Equity Capital
2
203
7
Trade Payables
10
17
Total Liabilities
239
90
Capital Work in Progress
3
65
31
Cash & Bank
40
11
Total Assets
239
Total Debt
7
Net Working Capital
117
Contingent Liabilities
2
Book Value per Share
910.58
Face Value
10.00
Total Debt
7
Net Working Capital
117
Contingent Liabilities
2
Book Value per Share
910.58
Face Value
10.00
Mar 2025
Equity Capital
4
221
8
Trade Payables
13
21
Total Liabilities
268
95
Capital Work in Progress
2
76
35
Cash & Bank
48
12
Total Assets
268
Total Debt
8
Net Working Capital
134
Contingent Liabilities
3
Book Value per Share
501.72
Face Value
10.00
Total Debt
8
Net Working Capital
134
Contingent Liabilities
3
Book Value per Share
501.72
Face Value
10.00
Mar 2026
Equity Capital
4
246
1
Trade Payables
10
21
Total Liabilities
283
96
Capital Work in Progress
2
74
37
Cash & Bank
64
10
Total Assets
283
Total Debt
1
Net Working Capital
159
Contingent Liabilities
2
Book Value per Share
557.57
Face Value
10.00
Total Debt
1
Net Working Capital
159
Contingent Liabilities
2
Book Value per Share
557.57
Face Value
10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
19
Cash from Investing
-17
Cash from Financing
0
2
Free Cash Flow
19
OCF / Net Profit
1.17
Cumulative 5-Year FCF
0
OCF / Net Profit
1.17
Cumulative 5-Year FCF
0
Mar 2024
15
Cash from Investing
-8
Cash from Financing
-8
-0
Free Cash Flow
3
OCF / Net Profit
0.69
Cumulative 5-Year FCF
0
OCF / Net Profit
0.69
Cumulative 5-Year FCF
0
Mar 2025
19
Cash from Investing
-9
Cash from Financing
-4
7
Free Cash Flow
10
OCF / Net Profit
0.82
Cumulative 5-Year FCF
0
OCF / Net Profit
0.82
Cumulative 5-Year FCF
0
Mar 2026
32
Cash from Investing
-13
Cash from Financing
-12
7
Free Cash Flow
24
OCF / Net Profit
1.22
Cumulative 5-Year FCF
0
OCF / Net Profit
1.22
Cumulative 5-Year FCF
0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023
EPS (₹)
71.22
Book Value (₹)
823.04
Dividend per Share (₹)
13.00
Cash EPS (₹)
47.59
Operating Margin %
23.04%
Net Margin %
13.29%
ROE %
8.65%
ROCE %
11.51%
7.12%
Debtor Days
93
Inventory Days
169
Payable Days
96
167
Debt to Equity (x)
0.05x
Interest Coverage (x)
28.57x
3.95x
Revenue Growth %
0.00%
Operating Profit Growth %
0.00%
Net Profit Growth %
0.00%
0.00%
P/E (x)
0.00x
P/B (x)
0.00x
Dividend Yield %
0.00%
0.00x
Mar 2024
EPS (₹)
98.11
Book Value (₹)
910.58
Dividend per Share (₹)
17.00
Cash EPS (₹)
61.48
Operating Margin %
24.23%
Net Margin %
16.03%
ROE %
11.32%
ROCE %
15.06%
9.52%
Debtor Days
82
Inventory Days
160
Payable Days
84
158
Debt to Equity (x)
0.03x
Interest Coverage (x)
29.78x
5.03x
Revenue Growth %
14.19%
Operating Profit Growth %
30.29%
Net Profit Growth %
37.76%
37.76%
P/E (x)
20.31x
P/B (x)
4.38x
Dividend Yield %
0.43%
23.87x
Mar 2025
EPS (₹)
53.68
Book Value (₹)
501.72
Dividend per Share (₹)
8.50
Cash EPS (₹)
66.13
Operating Margin %
23.66%
Net Margin %
15.24%
ROE %
11.02%
ROCE %
15.11%
9.37%
Debtor Days
77
Inventory Days
165
Payable Days
78
164
Debt to Equity (x)
0.04x
Interest Coverage (x)
52.78x
4.85x
Revenue Growth %
13.08%
Operating Profit Growth %
9.75%
Net Profit Growth %
7.45%
-45.29%
P/E (x)
17.20x
P/B (x)
1.84x
Dividend Yield %
0.92%
9.47x
Mar 2026
EPS (₹)
56.73
Book Value (₹)
557.57
Dividend per Share (₹)
8.50
Cash EPS (₹)
71.72
Operating Margin %
24.17%
Net Margin %
15.76%
ROE %
10.84%
ROCE %
14.93%
9.39%
Debtor Days
80
Inventory Days
167
Payable Days
71
176
Debt to Equity (x)
0.00x
Interest Coverage (x)
61.98x
7.60x
Revenue Growth %
5.38%
Operating Profit Growth %
7.58%
Net Profit Growth %
8.93%
5.69%
P/E (x)
13.40x
P/B (x)
1.36x
Dividend Yield %
1.12%
6.54x

Shareholding Pattern

Numbers in percentages

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

Documents

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Credit Ratings

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Concalls

Nothing filed yet.