Veljan Denison Ltd
Incorporated in 1973, Veljan Denison Ltd manufactures Hydraulic Pumps, Motors, Valves and Custom Built Power Packs[1]
- Market Cap ₹ 580 Cr.
- Current Price ₹ 1,290
- High / Low ₹ 1,385 / 752
- Stock P/E 22.5
- Book Value ₹ 558
- Dividend Yield 0.66 %
- ROCE 14.9 %
- ROE 10.8 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Company has a low return on equity of 11.1% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 121 | 138 | 156 | 164 | |
| 95 | 104 | 119 | 124 | |
| Operating Profit | 26 | 33 | 37 | 40 |
| OPM % | 21% | 24% | 24% | 24% |
| 2 | 3 | 3 | 3 | |
| Interest | 1 | 1 | 1 | 1 |
| Depreciation | 5 | 6 | 6 | 6 |
| Profit before tax | 22 | 30 | 33 | 36 |
| Tax % | 26% | 25% | 28% | 28% |
| 16 | 22 | 24 | 26 | |
| EPS in Rs | 35.60 | 49.04 | 52.71 | 57.42 |
| Dividend Payout % | 18% | 17% | 16% | 15% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| TTM: | 5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 17% |
| TTM: | 9% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 21% |
| 3 Years: | 26% |
| 1 Year: | 6% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 11% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 2 | 2 | 4 | 4 |
| Reserves | 183 | 203 | 221 | 246 |
| 9 | 7 | 8 | 1 | |
| 30 | 27 | 33 | 30 | |
| Total Liabilities | 225 | 239 | 268 | 283 |
| 70 | 90 | 95 | 96 | |
| CWIP | 15 | 3 | 2 | 2 |
| Investments | 0 | 0 | 0 | 0 |
| 139 | 147 | 171 | 184 | |
| Total Assets | 225 | 239 | 268 | 283 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| 19 | 15 | 19 | 32 | |
| -17 | -8 | -9 | -13 | |
| 0 | -8 | -4 | -12 | |
| Net Cash Flow | 2 | -0 | 7 | 7 |
| Free Cash Flow | 5 | 5 | 9 | 25 |
| CFO/OP | 94% | 64% | 77% | 103% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 93 | 82 | 82 | 81 |
| Inventory Days | 466 | 511 | 515 | 447 |
| Days Payable | 96 | 78 | 89 | 63 |
| Cash Conversion Cycle | 464 | 515 | 508 | 466 |
| Working Capital Days | 191 | 204 | 204 | 212 |
| ROCE % | 15% | 15% | 15% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| Capacity Utilization % |
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Extracted by Screener AI
Documents
Announcements
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Compliances-Reg.24(A)-Annual Secretarial Compliance
5 Jun - Veljan Denison filed FY2025-26 Secretarial Compliance Report; prior delays and fines of Rs 4.4 lakh, 40,000, and 37.6 lakh noted.
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Announcement Under Reg 30 Of SEBI(LODR) Regulations,2015- Appointment Of Independent Director (Additional ) In The Company- As Attached
30 May - Prof. Sunaina Singh appointed Additional Independent Director for five years from May 30, 2026, subject to shareholder approval.
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Announcement Under Reg 30- Appointment Of Independent (Additional) Director Of The Company-VDL
30 May - Mr. Ramesh Kumar Nimmagadda appointed Additional Independent Director for five years from 30 May 2026, subject to shareholder approval.
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Board Meeting Outcome for Outcome Of Board Meeting Under Regulations 30 And 33(3) Of SEBI (LODR) Regulations, 2015-Veljan Denison Limited- As Attached
30 May - FY26 audited results approved; Rs 8.50 dividend recommended; chairman and two independent directors appointed.
- Veljan Denison Limited- Outcome Of The Board Meeting Held On 30.05.2026 Interalia To Consider And Approve The Audited Financials Results Of The Company For The Year Ended 31.03.2026-As Attached 30 May
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Business Overview:[1][2]
VDL used to be a part of Hagglunds of Sweden but is now working as a Veljan's group company. It is in the business of manufacturing Pumps, Motors, Valves and custom-built Power systems / Manifold blocks. Company manufactures precision engineering components and has its own research and development wing in Hyderabad.