Veedol Corporation Limited (VEEDOL) fundamentals
Veedol Corporation Limited is a listed company in Petroleum Products, part of the Oil Gas & Consumable Fuels sector, listed on the NSE as VEEDOL (ISIN INE484C01030). This page carries its reported financials, balance sheet, cash flow, shareholding pattern and valuation ratios.
What Veedol Corporation Limited does
Veedol Corporation Limited, formerly Tide Water Oil Co. (India) Ltd., owner of the brand Veedol, is a manufacturer and marketer of lubricants in over 70 countries around the globe. The Veedol range of products includes high-performance engine oils for passenger cars, two/three-wheelers, heavy commercial vehicles, off-highway vehicles, buses and tractors. It also has gear oils, transmission oils, coolants, brake oil and greases for all automotive applications as well as a wide range of industrial and specialty lubricants catering to diverse industry applications. Its automotive lubricants include two-wheeler oils, passenger car motor oils, commercial vehicle oils, tractor oils, off-highway oils, greases, gear and transmission oils, and others. Its industrial lubricants include hydraulic oils, thermic fluids, spindle oils, turbine oils, compressor oils, steam cylinder oils, and industrial gear oils. Its vehicle care products include rust penetrants, additives range, and others.
Valuation and market data
| Last close | ₹1433.60 |
|---|---|
| Market capitalisation | ₹2,436 crore |
| Enterprise value | ₹2,318 crore |
| P/E (TTM) | 12.71 |
| Price to book | 2.35 |
| Price to sales (TTM) | 0.64 |
| Book value per share | ₹609.36 |
| Dividend yield | 404.58% |
| Sector | Oil Gas & Consumable Fuels |
| Industry | Petroleum Products |
| Listed since | Tue Jan 16 |
Annual results
| Period | Revenue | Profit before tax | Net profit | EPS |
|---|---|---|---|---|
| Mar 2026 | ₹1,662 crore | ₹142 crore | ₹135 crore | 79.53 |
| Mar 2025 | ₹1,603 crore | ₹134 crore | ₹125 crore | 73.48 |
| Mar 2024 | ₹1,612 crore | ₹137 crore | ₹111 crore | 65.15 |
| Mar 2023 | ₹1,528 crore | ₹106 crore | ₹85 crore | 49.95 |
| Mar 2022 | ₹1,293 crore | ₹136 crore | ₹107 crore | 62.72 |
Figures are as reported (standalone), in ₹ crore.
Shareholding pattern
As of Jun 2026:
| Promoters | 64.6% |
|---|---|
| Foreign institutions (FII) | 1.0% |
| Mutual funds | 0.0% |
| Other domestic institutions | 1.2% |
| Retail and others | 33.2% |
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Data is sourced from exchange filings and vendor feeds and is for research, not investment advice. Figures can be restated by the company after publication.