Veedol Corp
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Price Performance
Vista Outlook
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Veedol Corp's recent management commentary and industry dynamics suggest a cautious outlook for revenue growth, primarily due to moderating growth trends relative to historical performance. The company's stable profit margins, projected to remain around 8.73%, reflect its ability to navigate the current pricing volatility in the industrial chemicals sector. This stability is crucial as the industry experiences a recovery in chemical prices, driven by improving pricing power and favorable macroeconomic conditions in India, including robust manufacturing activity and strong auto sales. However, geopolitical tensions and raw material supply disruptions pose risks that could impact earnings visibility. Vista's financial outlook aligns with these developments, forecasting modest revenue growth and stable margins, with a fair valuation indicating that the stock is currently priced in line with its intrinsic value. Over the next 12-24 months, opportunities may arise from selective import substitution and policy changes in key markets, but investors should remain vigilant regarding potential market volatility and geopolitical challenges that could affect Veedol's competitive position and market share
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Key Parameters
Financial Snapshot
| Actuals | Forecast | ||||
|---|---|---|---|---|---|
| FY24 | FY25 | FY26 | FY27 | FY28 | |
| Revenue (Cr.) | 1,933 | 1,970 | 2,169 | 2,341 | 2,286 |
| Profit Before Tax (Cr.) | 187 | 206 | 238 | 323 | 299 |
| PBT Margin | 9.7% | 10.5% | 1097.3% | 13.8% | 13.1% |
| Net Profit (Cr.) | 143 | 164 | 188 | 253 | 234 |
| Earnings Per Share | 83.9 | 96.8 | 110.6 | 148.6 | 137.7 |
Analyst Recommendations
No analyst recommendations available.
Company Overview
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Veedol Corporation Limited, together with its subsidiaries, engages in the manufacturing and marketing of lubricants under the Veedol brand in India. It offers automotive lubricants, including two-wheeler, passenger car motor, commercial vehicle, tractor, off-highway, and gear and transmission oils, as well as greases, EV fluids, and OEM oils. The company also offers industrial lubricants comprising hydraulic and circulation, spindle, turbine, heavy-duty hydraulic, compressor, refrigeration compressor, steam cylinder, industrial gear, slideway, mill roll, pneumatic tool, and transmission oils; thermic and automotive fluids; lithium soap and complex greases, graphite, calcium complex, and high-temperature greases; and cardium compounds, industrial-speciality range, and coolants. In addition, it provides vehicle care products, such as additives range, appearance enhancers, cleaners and degreasers, lubricants, and rust penetrants. Further, it engages in the wind energy business. The company's distribution network consists of distributors, retail outlets, and workshops. It operates in Europe, the Americas, the Middle East, Africa, the Asia Pacific, and South Asia. The company was formerly known as Tide Water Oil Co. (India) Limited and changed its name to Veedol Corporation Limited in September 2024. Veedol Corporation Limited was incorporated in 1921 and is based in Kolkata, India.