Veljan Denison Ltd

₹ 1,773 0.01%

26 Aug 10:32 a.m.

About

Incorporated in 1973, Veljan Denison Ltd manufactures Hydraulic Pumps, Motors, Valves and Custom Built Power Packs^[1]

Key Points

Business Overview:^[1]^[2]
VDL commenced commercial production in 1977 as a joint venture with the Denison Hydraulics division of Abex Corporation, USA. Following subsequent changes in ownership, the Indian promoters became independent in 1994. The Company manufactures precision hydraulic components and systems, including hydraulic vane pumps, motors, valves and power pack systems, with its manufacturing units primarily located in Patancheru, Hyderabad.

Website BSE NSE - BE

Market Cap ₹ 798 Cr.
Current Price ₹ 1,773
High / Low ₹ 1,980 / 752
Stock P/E 30.5
Book Value ₹ 558
Dividend Yield 0.48 %
ROCE 15.0 %
ROE 10.8 %
Face Value ₹ 10.0

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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.

Peer comparison

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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
	32.04	33.89	35.02	36.75	36.90	37.34	40.00	41.47	42.62	38.63	36.92	45.91	43.48
	23.17	26.39	26.59	28.19	28.57	28.19	30.05	32.08	31.78	28.62	28.48	35.59	32.29
Operating Profit	8.87	7.50	8.43	8.56	8.33	9.15	9.95	9.39	10.84	10.01	8.44	10.32	11.19
OPM %	27.68%	22.13%	24.07%	23.29%	22.57%	24.50%	24.88%	22.64%	25.43%	25.91%	22.86%	22.48%	25.74%
	0.63	0.64	0.81	0.75	0.72	0.66	0.67	0.84	0.73	0.75	0.76	0.87	1.12
Interest	0.20	0.48	0.18	0.16	0.08	0.10	0.13	0.32	0.07	0.09	0.14	0.28	0.13
Depreciation	1.32	1.33	1.45	1.49	1.42	1.48	1.50	1.64	1.55	1.62	1.63	1.63	1.68
Profit before tax	7.98	6.33	7.61	7.66	7.55	8.23	8.99	8.27	9.95	9.05	7.43	9.28	10.50
Tax %	25.69%	25.75%	25.89%	25.72%	32.58%	26.49%	27.03%	27.21%	26.23%	26.52%	31.90%	26.83%	26.95%
	5.93	4.69	5.63	5.69	5.09	6.05	6.56	6.03	7.33	6.65	5.06	6.79	7.68
EPS in Rs	13.18	10.42	12.51	12.64	11.31	13.44	14.58	13.40	16.29	14.78	11.24	15.09	17.07
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	121	138	156	164	165
	95	104	119	124	125
Operating Profit	26	33	37	40	40
OPM %	21%	24%	24%	24%	24%
	2	3	3	3	4
Interest	1	1	1	1	1
Depreciation	5	6	6	6	7
Profit before tax	22	30	33	36	36
Tax %	26%	25%	28%	28%
	16	22	24	26	26
EPS in Rs	35.60	49.04	52.71	57.42	58.18
Dividend Payout %	18%	17%	16%	15%

Compounded Sales Growth
10 Years:	%
5 Years:	%
3 Years:	11%
TTM:	2%

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	17%
TTM:	1%

Stock Price CAGR
10 Years:	16%
5 Years:	28%
3 Years:	27%
1 Year:	41%

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	201	212
ROCE %		15%	15%	15%

Insights

In beta

Mar 2015

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Mar 2025

Castings Share of Raw Material Consumption
% of total raw material consumption ・Standalone data

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	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx	xxx

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Components Share of Raw Material Consumption
% of total raw material consumption ・Standalone data

Imported Material Share of Raw Material Consumption
% of total raw material consumption ・Standalone data

Steel Share of Raw Material Consumption
% of total raw material consumption ・Standalone data

Foreign Exchange Earnings (Exports)
Rs Lakhs ・Standalone data

Pumps, Motors, Valves & Spares Revenue Share
% of revenue from operations ・Standalone data

Research and Development Expenditure
Rs Lakhs ・Standalone data

Total Permanent Employees
number ・Standalone data

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%
	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%	0.01%
	25.02%	25.02%	25.01%	25.02%	25.00%	25.02%	25.02%	25.01%	25.02%	25.02%	25.02%	25.02%
No. of Shareholders	2,994	3,018	3,553	4,151	4,210	4,843	4,772	4,758	4,822	4,700	4,549	4,383

	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	Jun 2026
	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%	74.98%
	10.40%	10.40%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%	0.01%	0.01%
	14.62%	14.62%	25.02%	25.02%	25.02%	25.02%	25.02%	25.02%	25.01%	25.02%	25.02%	25.02%
No. of Shareholders	2,372	2,565	2,906	2,921	2,715	2,877	2,729	2,898	3,553	4,772	4,549	4,383

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Veljan Denison Ltd

Veljan Denison Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

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