Vandan Foods Ltd
Incorporated in 1995, Vandan Foods Ltd is in the business of manufacturing Castor Oil and its derivatives[1]
- Market Cap ₹ 31.1 Cr.
- Current Price ₹ 37.0
- High / Low ₹ 125 / 32.1
- Stock P/E 3.44
- Book Value ₹ 58.6
- Dividend Yield 0.00 %
- ROCE 46.6 %
- ROE 53.4 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.63 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 |
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% |
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Notice of Postal Ballot
25 Feb - Postal ballot to appoint Rakeshkumar R. Patel MD from 12 Feb 2026; remuneration up to Rs1.20 crore p.a.; five-year term requested.
-
Announcement under Regulation 30 (LODR)-Change in Directorate
11 Feb - Jitendra Patel relinquished MD Feb 11; appointed Non-Executive Chairman Feb 12; Rakeshkumar Patel appointed Managing Director Feb 12 for five years.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 16 Jan
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015 For Corporate Guarantee Given By The Company
12 Dec 2025 - Issued corporate guarantee up to INR 7.5 crore for Pharmearth's Bank of India working capital facility.
-
Announcement under Regulation 30 (LODR)-Monitoring Agency Report
20 Nov 2025 - Monitoring report for IPO Rs30.36 crore for quarter ended Sep 30, 2025; net utilized Rs27.11 crore, no deviations.
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