Vandan Foods Ltd
Incorporated in 1995, Vandan Foods Ltd is in the business of manufacturing Castor Oil and its derivatives[1]
- Market Cap ₹ 31.4 Cr.
- Current Price ₹ 37.5
- High / Low ₹ 125 / 30.2
- Stock P/E 3.48
- Book Value ₹ 58.6
- Dividend Yield 0.00 %
- ROCE 46.6 %
- ROE 53.4 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.64 times its book value
- Company has a good return on equity (ROE) track record: 3 Years ROE 51.4%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -30.5%
* 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
Fast Moving Consumer Goods Fast Moving Consumer Goods Agricultural Food & other Products Edible Oil
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|
| 1 | 12 | 49 | 108 | 153 | |
| 2 | 11 | 45 | 98 | 138 | |
| Operating Profit | -0 | 1 | 4 | 10 | 14 |
| OPM % | -5% | 9% | 8% | 10% | 9% |
| 0 | 0 | -0 | 0 | 0 | |
| Interest | 0 | 0 | 0 | 1 | 1 |
| Depreciation | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | -0 | 1 | 3 | 9 | 13 |
| Tax % | -15% | 26% | 25% | 26% | |
| -0 | 1 | 2 | 7 | 9 | |
| EPS in Rs | -110.00 | 46.92 | 8.56 | 12.03 | 13.43 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 318% |
| TTM: | 73% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 302% |
| TTM: | 281% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 51% |
| Last Year: | 53% |
Balance Sheet
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.14 | 3 | 6 | 8 |
| Reserves | -0 | 2 | 7 | 11 | 41 |
| 3 | 0 | 0 | 18 | 19 | |
| 1 | 2 | 3 | 14 | 41 | |
| Total Liabilities | 4 | 5 | 12 | 49 | 109 |
| 1 | 0 | 6 | 6 | 11 | |
| CWIP | 0 | 0 | 0 | 5 | 3 |
| Investments | 0 | 0 | 0 | 0 | 0 |
| 4 | 4 | 6 | 37 | 95 | |
| Total Assets | 4 | 5 | 12 | 49 | 109 |
Cash Flows
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| 0 | 3 | 1 | -12 | |
| 0 | 0 | -5 | -6 | |
| -0 | -1 | 4 | 17 | |
| Net Cash Flow | 0 | 1 | -0 | -1 |
| Free Cash Flow | 0 | 3 | -4 | -18 |
| CFO/OP | -312% | 288% | 49% | -93% |
Ratios
Figures in Rs. Crores
| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|
| Debtor Days | 170 | 2 | 3 | 20 |
| Inventory Days | 608 | 88 | 43 | 108 |
| Days Payable | 1,898 | 0 | 0 | 38 |
| Cash Conversion Cycle | -1,120 | 90 | 46 | 90 |
| Working Capital Days | 686 | 17 | 21 | 42 |
| ROCE % | 28% | 59% | 47% |
Insights
In beta| Mar 2022 | Mar 2023 | Aug 2024 | |
|---|---|---|---|
| Capacity Utilization Rate % |
|
||
| Capacity Utilized MTPA |
|||
| Fixed Asset Turnover Ratio times |
|||
| Number of Manufacturing Plants Count |
|||
| Total Installed Capacity (Castor Oil and derivatives) MTPA |
|||
| Geographical Footprint (Number of States/UTs Served) Count |
|||
Documents
Announcements
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
2d - Submitted Regulation 74(5) certificate for quarter and year ended 31 March 2026.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
31 Mar - Monitoring report: IPO Rs30.36 crore, net proceeds Rs27.37cr; no deviations as of Dec 31, 2025.
- Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot 28 Mar
- Shareholder Meeting / Postal Ballot-Scrutinizer"s Report 28 Mar
-
Closure of Trading Window
27 Mar - Trading window closed from April 1, 2026 until 48 hours after FY2026 results announcement.
Business Overview:[1]
VFL was initially engaged in the
catering business. It then transitioned
into the trading of agro commodities.
From FY24 onwards, under the mgmt..
of the current promoters, the company commenced operations in the manufacturing
of Castor Oil and its derivatives. Presently, it
is an ISO 9001:2015 company which operates under a B2B business model, with a primary
focus on Refined F.S.G. Castor Oil and Castor De-Oiled Cake