Vesuvius India Ltd.

•

₹ 439.42.35%

2026-08-21

vesuviusindia.inBSE: 520113NSE: VESUVIUS

Market Cap₹ 8,788 Cr.

Current Price₹ 429

High / Low₹ 608 / 429

Stock P/E0.0

Book Value₹ 86

Price to Book5.87

Dividend Yield0.35 %

ROCE23.2 %

ROE17.1 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 25.4%
Company generates healthy free cash flow

CONS

Stock is trading at 5.9x its book value
Though reporting repeated profits, the company pays out little dividend (11.5%)

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

Peer comparison

EDIT COLUMNS

Capital GoodsCapital GoodsRefractories

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

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	VESUVIUS	433.00	0.00	8788.20	0.35	58.51	-7.13	536.17	2.41	23.15	16.16
2.	RHIM	375.00	0.00	7743.80	0.67	64.61	83.19	1013.97	5.59	7.24	13.58
3.	RPEL	1636.15	119.84	7513.52	0.06	19.57	67.60	86.91	48.72	31.26	29.62
4.	IFGLEXPOR	221.05	38.91	1593.30	0.97	170.60	1478.17	5123.70	1028.54	4.62	7.22
5.	ORIENTCER	42.84	19.62	512.53	0.82	8.57	99.19	100.65	2.23	6.18	16.11
6.	DALMIAREF	112.50	5.17	35.46	0.89	—	—	—	—	5.89	—

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
	402	410	413	453	461	444	507	481	524	546	549	499	536
	335	331	337	358	371	365	427	399	433	455	457	416	467
Operating Profit	—	—	—	—	—	—	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—	—	—	—	—	—	—
Other Income	8	8	7	8	10	23	7	10	8	7	34	9	10
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	8	9	11	10	11	12	13	13	15	17	17	17	18
	70	81	76	92	90	90	76	80	85	83	109	75	79
Tax %	25.39%	25.41%	25.36%	25.42%	25.51%	23.81%	21.50%	25.57%	25.58%	25.58%	26.62%	25.64%	25.65%
Net Profit	52	60	57	69	67	68	60	59	63	62	80	56	59
	26	30	28	34	3	3	3	3	3	3	4	3	0
Equity Capital	20	20	20	20	20	20	20	20	20	20	20	20	20
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	20	20	20	20	20	20	20	20	20	20	20	20	20
Reserves	0	0	0	0	0	0	0	0	0	0	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2023

: 402
: 335
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 0
Depreciation: 8
: 70
Tax %: 25.39%
Net Profit: 52
: 26
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2023

: 410
: 331
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 0
Depreciation: 9
: 81
Tax %: 25.41%
Net Profit: 60
: 30
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2023

: 413
: 337
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 0
Depreciation: 11
: 76
Tax %: 25.36%
Net Profit: 57
: 28
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2024

: 453
: 358
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 0
Depreciation: 10
: 92
Tax %: 25.42%
Net Profit: 69
: 34
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2024

: 461
: 371
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 0
Depreciation: 11
: 90
Tax %: 25.51%
Net Profit: 67
: 3
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2024

: 444
: 365
Operating Profit: —
OPM %: —
Other Income: 23
Interest: 0
Depreciation: 12
: 90
Tax %: 23.81%
Net Profit: 68
: 3
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2024

: 507
: 427
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 0
Depreciation: 13
: 76
Tax %: 21.50%
Net Profit: 60
: 3
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2025

: 481
: 399
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 0
Depreciation: 13
: 80
Tax %: 25.57%
Net Profit: 59
: 3
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2025

: 524
: 433
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 0
Depreciation: 15
: 85
Tax %: 25.58%
Net Profit: 63
: 3
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2025

: 546
: 455
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 0
Depreciation: 17
: 83
Tax %: 25.58%
Net Profit: 62
: 3
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2025

: 549
: 457
Operating Profit: —
OPM %: —
Other Income: 34
Interest: 0
Depreciation: 17
: 109
Tax %: 26.62%
Net Profit: 80
: 4
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2026

: 499
: 416
Operating Profit: —
OPM %: —
Other Income: 9
Interest: 0
Depreciation: 17
: 75
Tax %: 25.64%
Net Profit: 56
: 3
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Jun 2026

: 536
: 467
Operating Profit: —
OPM %: —
Other Income: 10
Interest: 0
Depreciation: 18
: 79
Tax %: 25.65%
Net Profit: 59
: 0
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 20
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Dec 2024	Dec 2025	TTM
	1,603	1,869	2,104	2,130
	1,317	1,522	1,748	1,796
Operating Profit	324	399	420	—
OPM %	20	21	20	—
Other Income	37	52	64	60
Interest	2	4	2	1
Depreciation	36	46	62	69
	285	349	356	346
Tax %	25	24	26	26
Net Profit	213	265	264	256
EPS	105	130	13	—
Dividend Payout %	12	11	12	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	10	13	13	—
Minority Interest	0	0	0	0
Share of Associates	0	0	0	0
Adjusted EPS	10	13	13	—

Dec 2023

: 1,603
: 1,317
Operating Profit: 324
OPM %: 20
Other Income: 37
Interest: 2
Depreciation: 36
: 285
Tax %: 25
Net Profit: 213
EPS: 105
Dividend Payout %: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 10

Dec 2024

: 1,869
: 1,522
Operating Profit: 399
OPM %: 21
Other Income: 52
Interest: 4
Depreciation: 46
: 349
Tax %: 24
Net Profit: 265
EPS: 130
Dividend Payout %: 11
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13

Dec 2025

: 2,104
: 1,748
Operating Profit: 420
OPM %: 20
Other Income: 64
Interest: 2
Depreciation: 62
: 356
Tax %: 26
Net Profit: 264
EPS: 13
Dividend Payout %: 12
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 13

TTM

: 2,130
: 1,796
Operating Profit: —
OPM %: —
Other Income: 60
Interest: 1
Depreciation: 69
: 346
Tax %: 26
Net Profit: 256
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:: —

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 16%
5 Years:: 29%
3 Years:: 8%
1 Year:: -18%

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: 19%
Last Year:: 17%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Dec 2024	Dec 2025
LIABILITIES	-	-	-
Equity Capital	20	20	20
	1,173	1,411	1,644
Trade Payables	288	297	366
	732	571	666
Total Liabilities	2,214	2,299	2,696
ASSETS	-	-	-
	316	434	622
Capital Work in Progress	86	196	52
	256	247	296
	323	385	484
Cash & Bank	465	482	582
	768	555	659
Total Assets	2,214	2,299	2,696
Total Debt	0	0	0
Net Working Capital	750	797	978
Contingent Liabilities	37	38	44
Book Value per Share	587.95	704.92	81.97
Face Value	10.00	10.00	1.00
Total Debt	0	0	0
Net Working Capital	750	797	978
Contingent Liabilities	37	38	44
Book Value per Share	587.95	704.92	81.97
Face Value	10.00	10.00	1.00

Dec 2023

Equity Capital: 20
: 1,173
Trade Payables: 288
: 732
Total Liabilities: 2,214
: 316
Capital Work in Progress: 86
: 256
: 323
Cash & Bank: 465
: 768
Total Assets: 2,214
Total Debt: 0
Net Working Capital: 750
Contingent Liabilities: 37
Book Value per Share: 587.95
Face Value: 10.00
Total Debt: 0
Net Working Capital: 750
Contingent Liabilities: 37
Book Value per Share: 587.95
Face Value: 10.00

Dec 2024

Equity Capital: 20
: 1,411
Trade Payables: 297
: 571
Total Liabilities: 2,299
: 434
Capital Work in Progress: 196
: 247
: 385
Cash & Bank: 482
: 555
Total Assets: 2,299
Total Debt: 0
Net Working Capital: 797
Contingent Liabilities: 38
Book Value per Share: 704.92
Face Value: 10.00
Total Debt: 0
Net Working Capital: 797
Contingent Liabilities: 38
Book Value per Share: 704.92
Face Value: 10.00

Dec 2025

Equity Capital: 20
: 1,644
Trade Payables: 366
: 666
Total Liabilities: 2,696
: 622
Capital Work in Progress: 52
: 296
: 484
Cash & Bank: 582
: 659
Total Assets: 2,696
Total Debt: 0
Net Working Capital: 978
Contingent Liabilities: 44
Book Value per Share: 81.97
Face Value: 1.00
Total Debt: 0
Net Working Capital: 978
Contingent Liabilities: 44
Book Value per Share: 81.97
Face Value: 1.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Dec 2024	Dec 2025
	82	258	177
Cash from Investing	-37	-233	-18
Cash from Financing	-18	-27	-30
	28	-1	130
Free Cash Flow	82	-9	87
OCF / Net Profit	0.39	0.98	0.67
Cumulative 5-Year FCF	0	0	0
OCF / Net Profit	0.39	0.98	0.67
Cumulative 5-Year FCF	0	0	0

Dec 2023

: 82
Cash from Investing: -37
Cash from Financing: -18
: 28
Free Cash Flow: 82
OCF / Net Profit: 0.39
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.39
Cumulative 5-Year FCF: 0

Dec 2024

: 258
Cash from Investing: -233
Cash from Financing: -27
: -1
Free Cash Flow: -9
OCF / Net Profit: 0.98
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.98
Cumulative 5-Year FCF: 0

Dec 2025

: 177
Cash from Investing: -18
Cash from Financing: -30
: 130
Free Cash Flow: 87
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 0
OCF / Net Profit: 0.67
Cumulative 5-Year FCF: 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Dec 2024	Dec 2025
PER SHARE	-	-	-
EPS (₹)	104.90	130.31	13.01
Book Value (₹)	587.95	704.92	81.97
Dividend per Share (₹)	12.75	14.50	1.50
Cash EPS (₹)	12.26	15.29	16.05
PROFITABILITY	-	-	-
Operating Margin %	17.86%	18.56%	16.93%
Net Margin %	13.28%	14.16%	12.55%
ROE %	19.43%	20.16%	17.07%
ROCE %	26.25%	26.88%	23.15%
	10.39%	11.72%	10.58%
EFFICIENCY	-	-	-
Debtor Days	61	69	75
Inventory Days	52	49	47
Payable Days	109	103	103
	4	15	20
FINANCIAL HEALTH	-	-	-
Debt to Equity (x)	0.00x	0.00x	0.00x
Interest Coverage (x)	128.41x	91.84x	190.56x
	2.12x	2.33x	2.30x
GROWTH	-	-	-
Revenue Growth %	19.41%	16.56%	12.62%
Operating Profit Growth %	72.45%	23.17%	5.36%
Net Profit Growth %	82.33%	24.22%	-0.17%
	82.33%	24.22%	-90.02%
VALUATION	-	-	-
P/E (x)	34.20x	3.50x	36.97x
P/B (x)	6.10x	6.46x	5.87x
Dividend Yield %	0.36%	0.32%	0.31%
	21.07x	21.99x	21.87x

Dec 2023

EPS (₹): 104.90
Book Value (₹): 587.95
Dividend per Share (₹): 12.75
Cash EPS (₹): 12.26
Operating Margin %: 17.86%
Net Margin %: 13.28%
ROE %: 19.43%
ROCE %: 26.25%
: 10.39%
Debtor Days: 61
Inventory Days: 52
Payable Days: 109
: 4
Debt to Equity (x): 0.00x
Interest Coverage (x): 128.41x
: 2.12x
Revenue Growth %: 19.41%
Operating Profit Growth %: 72.45%
Net Profit Growth %: 82.33%
: 82.33%
P/E (x): 34.20x
P/B (x): 6.10x
Dividend Yield %: 0.36%
: 21.07x

Dec 2024

EPS (₹): 130.31
Book Value (₹): 704.92
Dividend per Share (₹): 14.50
Cash EPS (₹): 15.29
Operating Margin %: 18.56%
Net Margin %: 14.16%
ROE %: 20.16%
ROCE %: 26.88%
: 11.72%
Debtor Days: 69
Inventory Days: 49
Payable Days: 103
: 15
Debt to Equity (x): 0.00x
Interest Coverage (x): 91.84x
: 2.33x
Revenue Growth %: 16.56%
Operating Profit Growth %: 23.17%
Net Profit Growth %: 24.22%
: 24.22%
P/E (x): 3.50x
P/B (x): 6.46x
Dividend Yield %: 0.32%
: 21.99x

Dec 2025

EPS (₹): 13.01
Book Value (₹): 81.97
Dividend per Share (₹): 1.50
Cash EPS (₹): 16.05
Operating Margin %: 16.93%
Net Margin %: 12.55%
ROE %: 17.07%
ROCE %: 23.15%
: 10.58%
Debtor Days: 75
Inventory Days: 47
Payable Days: 103
: 20
Debt to Equity (x): 0.00x
Interest Coverage (x): 190.56x
: 2.30x
Revenue Growth %: 12.62%
Operating Profit Growth %: 5.36%
Net Profit Growth %: -0.17%
: -90.02%
P/E (x): 36.97x
P/B (x): 5.87x
Dividend Yield %: 0.31%
: 21.87x

Shareholding Pattern

Numbers in percentages

TRADES

Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
55.57	55.57	55.57	55.57	55.57	55.57	55.57	55.57	55.57
2.34	2.34	4.06	4.14	4.31	4.42	4.44	4.56	4.56
20.92	20.92	20.66	20.95	20.83	21.29	21.91	22.03	22.03
0.00	0.00	0.00	0.01	0.01	0.01	0.01	0.01	0.01
21.17	21.17	19.71	19.34	19.29	18.72	18.07	17.83	17.83

Jun 2024

: 55.57
: 2.34
: 20.92
: 0.00
: 21.17

Sep 2024

: 55.57
: 2.34
: 20.92
: 0.00
: 21.17

Dec 2024

: 55.57
: 4.06
: 20.66
: 0.00
: 19.71

Mar 2025

: 55.57
: 4.14
: 20.95
: 0.01
: 19.34

Jun 2025

: 55.57
: 4.31
: 20.83
: 0.01
: 19.29

Sep 2025

: 55.57
: 4.42
: 21.29
: 0.01
: 18.72

Dec 2025

: 55.57
: 4.44
: 21.91
: 0.01
: 18.07

Mar 2026

: 55.57
: 4.56
: 22.03
: 0.01
: 17.83

Jun 2026

: 55.57
: 4.56
: 22.03
: 0.01
: 17.83

Documents

Announcements

Copy of Newspaper Publication
2026-08-14 - Vesuvius India Limited has informed the Exchange about Newspaper Advertisement pertaining to Financial Result for quarter ended on June 30, 2026
Outcome of Board Meeting
2026-08-13 - Outcome of the Board Meeting under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

May 2026
TranscriptPPTREC
Nov 2024
TranscriptPPTREC
May 2023
TranscriptPPTREC