Veljan Denison Ltd

Veljan Denison Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Veljan Denison Ltd

₹ 3,729 1.55%
24 Apr 1:23 p.m.
veljan.in BSE: 505232
About

Veljan Denison Limited was established in 1965, it manufactures a range of Pneumatic and Hydraulic pump, motor and related products, components for over five decades now at its manufacturing plants located in and near Hyderabad, India. It provides solutions in all applications such as Shipbuilding, Energy, Mobile and Industrial segments. [1]

Key Points

Product Offerings
Vane Pumps & Motors: It includes pumps and motors like single pumps, double pumps, and drivetrain pumps.
Hydraulic Valve: The product range includes pressure controls, check valves, etc are some of the products under Hydraulic valves.
Hydraulic Cylinders: It includes different series of pumps like HT, HR, HH series, etc.
Veljan includes other equipment as well like marine equipment, power pack, folds, Gear pumps, etc. [1]

Manufacturing Facility
The company has its manufacturing unit at Patancheru, Hyderabad. [2]

Website BSE
  • Market Cap ₹ 839 Cr.
  • Current Price ₹ 3,729
  • High / Low ₹ 4,200 / 1,230
  • Stock P/E 48.6
  • Book Value ₹ 843
  • Dividend Yield 0.33 %
  • ROCE 11.1 %
  • ROE 8.23 %
  • Face Value ₹ 10.0
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Pros

  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 23.4%
  • Debtor days have improved from 119 to 92.7 days.

Cons

  • Stock is trading at 4.40 times its book value
  • The company has delivered a poor sales growth of 2.84% over past five years.
  • Company has a low return on equity of 7.94% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Capital Goods-Non Electrical Equipment Industry: Engineering

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
21.14 25.32 16.93 25.72 27.87 27.33 28.22 28.87 26.80 26.75 28.27 31.05 31.51
18.27 19.02 14.00 18.57 19.96 19.65 21.41 22.16 21.05 22.64 20.55 24.23 23.69
Operating Profit 2.87 6.30 2.93 7.15 7.91 7.68 6.81 6.71 5.75 4.11 7.72 6.82 7.82
OPM % 13.58% 24.88% 17.31% 27.80% 28.38% 28.10% 24.13% 23.24% 21.46% 15.36% 27.31% 21.96% 24.82%
0.51 -0.54 0.53 0.96 0.32 0.66 0.56 0.60 0.26 0.61 0.59 0.63 0.78
Interest 0.08 0.06 0.05 0.14 0.09 -0.05 0.05 0.22 0.36 0.16 0.20 0.48 0.18
Depreciation 1.13 1.19 1.17 1.17 1.18 1.19 1.18 1.19 1.27 1.22 1.12 1.13 1.26
Profit before tax 2.17 4.51 2.24 6.80 6.96 7.20 6.14 5.90 4.38 3.34 6.99 5.84 7.16
Tax % 20.28% 18.40% 26.34% 25.74% 25.72% 30.56% 26.06% 25.93% 26.26% 26.95% 25.89% 26.03% 25.84%
1.73 3.67 1.66 5.05 5.17 5.00 4.55 4.36 3.23 2.44 5.18 4.32 5.31
EPS in Rs 7.69 16.31 7.38 22.44 22.98 22.22 20.22 19.38 14.36 10.84 23.02 19.20 23.60
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
81 71 71 78 78 79 96 88 83 74 98 111 118
59 52 55 56 57 56 68 61 61 60 72 87 91
Operating Profit 22 19 16 22 21 23 28 26 22 13 26 23 26
OPM % 27% 27% 22% 28% 27% 29% 29% 30% 26% 18% 26% 21% 23%
1 1 1 3 0 1 1 1 1 1 2 2 3
Interest 2 2 2 2 2 2 1 1 1 0 0 1 1
Depreciation 3 3 3 3 2 3 3 3 4 5 5 5 5
Profit before tax 18 15 13 20 18 19 25 23 18 9 23 20 23
Tax % 37% 33% 33% 34% 30% 25% 34% 28% 26% 24% 27% 26%
11 10 8 13 13 15 16 16 13 7 17 15 17
EPS in Rs 50.40 44.22 37.51 57.96 55.73 64.49 72.36 72.58 59.73 30.49 75.02 64.80 76.66
Dividend Payout % 15% 17% 20% 17% 18% 16% 14% 14% 17% 33% 17% 20%
Compounded Sales Growth
10 Years: 5%
5 Years: 3%
3 Years: 10%
TTM: 6%
Compounded Profit Growth
10 Years: 4%
5 Years: -2%
3 Years: 3%
TTM: 1%
Stock Price CAGR
10 Years: 30%
5 Years: 35%
3 Years: 73%
1 Year: 196%
Return on Equity
10 Years: 11%
5 Years: 9%
3 Years: 8%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 2 2 2 2 2 2 2 2 2 2 2 2 2
Reserves 63 71 78 88 98 113 126 140 148 155 169 181 187
12 24 20 27 26 34 22 19 6 10 7 9 9
23 22 18 20 12 12 15 23 22 21 24 26 35
Total Liabilities 100 119 117 137 138 161 165 184 178 188 202 219 234
31 28 25 23 27 24 26 43 56 62 58 59 58
CWIP 2 3 4 4 3 3 3 6 7 3 7 15 19
Investments 0 0 0 0 0 0 0 0 0 0 0 14 14
67 88 89 110 109 134 135 136 115 123 137 131 143
Total Assets 100 119 117 137 138 161 165 184 178 188 202 219 234

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
5 6 4 0 13 18 17 29 18 26 13 16
-2 -1 -1 -1 -1 -1 -6 -25 -10 -6 -15 -16
-2 7 -9 3 -6 6 -15 -7 -18 3 -5 0
Net Cash Flow 1 12 -7 2 6 23 -4 -2 -11 23 -8 -0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 182 247 179 297 316 274 246 216 161 142 123 93
Inventory Days 242 242 255 259 207 298 181 354 536 489 491 465
Days Payable 78 71 64 68 31 30 21 136 146 125 118 89
Cash Conversion Cycle 346 417 370 489 492 542 407 434 551 506 496 468
Working Capital Days 204 282 338 393 384 387 328 335 322 290 262 228
ROCE % 27% 19% 14% 20% 16% 15% 17% 15% 12% 7% 14% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98% 74.98%
25.02% 25.02% 25.02% 25.02% 25.02% 25.01% 25.02% 25.02% 25.02% 25.02% 25.02% 25.01%
No. of Shareholders 2,7582,6022,5872,7292,8472,8532,8842,8982,9112,9943,0183,553

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