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Vadilal Industries Q2 FY27 Share Price & Earnings Call Analysis

₹7,330.50-1.35% today
Market cap
₹5,271 Cr
P/E
21.93
ROE
19.62%
PEG
1.43
Price to sales
2.94
Debt to equity
0.27
52W high / low
₹7,900 / ₹4,038
Sales growth (5Y)
26.54%
EBITDA margin
19.27%
Net profit margin
10.09%
Promoter holding
64.72%
Sales (last year)
₹1,797 Cr

Vadilal was started as a soda company in 1907, the founder Vadilal Gandhi used to make ice cream by the traditional Kothi method. Vadilal Gandhi passed on the business to his son, Ranchod Lal Gandhi, who ran a one-man operation with a hand-cranked machine, started a small retail outlet in 1926. [1]

Potential multibaggers · Q2 FY27

Potential multibaggers in Food Products
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Strong growth
    3
See all potential multibaggersWhere does Vadilal Industries rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Food Products companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹23,562 Cr134.3
240%+Up 2%+₹435 Cr7.5
340%+Up 2%+₹413 Cr72.6
440%+Flat₹1,012 Cr46.0
540%+Flat₹148 Cr9.8
620–40%Up 2%+₹670 Cr48.3

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Pro shows every company guiding 40%+ revenue growth →Full Food Products ranking

Vadilal Industries announcements

All announcements →

Financials of Vadilal Industries

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Vadilal Industries

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +64.72%64.72%64.72%64.72%64.72%64.72%64.72%64.72%64.72%64.72%64.72%64.72%
FIIs +0.09%0.45%0.38%0.35%0.30%0.68%0.77%0.57%0.56%0.58%1.02%1.42%
DIIs +0.00%0.00%0.00%0.05%0.00%0.00%0.44%0.47%0.42%0.42%1.26%1.63%
Public +35.20%34.83%34.90%34.88%34.97%34.58%34.06%34.23%34.29%34.27%33.01%32.24%
No. of Shareholders14,28614,13815,94819,67717,82718,71720,62219,63819,23022,13319,04118,928

Financials of Vadilal Industries

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +289174251464296204275507341239416680463
Expenses +230163206351235178236406290227331514379
Operating Profit59114611361263910051118516684
OPM %20%6%18%24%20%13%14%20%15%4.7%20%24%18%
Other Income +44345434747278
Interest4444334444544
Depreciation98911111011121212141515
Profit before tax503351035217278943-07317473
Tax %24%-210%21%25%25%31%19%25%23%150%25%25%25%
Net Profit +38928773912226733-05513155
EPS in Rs52.9412.8638.45107.7154.2316.6030.6193.1946.50-0.2276.32182.1376.27

Financials of Vadilal Industries

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +4064504825475675994636981,0581,1251,2401,5031,797
Expenses +3673914254994945214285998929049991,2541,451
Operating Profit3958574873793699166221241249346
OPM %10%13%12%9%13%13%8%14%16%20%19%17%19%
Other Income +313610101681012152147
Interest26211615141721191618141617
Depreciation13141516172423243035424956
Profit before tax42429235248864131180200205320
Tax %36%40%35%32%36%14%40%30%26%19%25%24%
Net Profit +2151916334154596146150155240
EPS in Rs3.3920.5326.5221.7946.4157.576.4462.19133.96203.05209.15215.78334.50
Dividend Payout %29%6%5%6%3%0%0%2%1%1%10%20%

Financials of Vadilal Industries

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital7777777777777
Reserves106120154168200240244290390535688843988
Borrowings +152122119141148174158186291223218230272
Other Liabilities +104117134123122153159140150151181188239
Total Liabilities3703664144394775745676238389171,0941,2681,506
Fixed Assets +226225251257267318312307403444478536557
CWIP1157139532012102071
Investments00111111516621190
Other Assets +143141158175196247250313410445601691688
Total Assets3703664144394775745676238389171,0941,2681,506

Financials of Vadilal Industries

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +506446174467823239192111143
Cash from Investing Activity +-8-11-23-24-31-67-11-20-62-66-58-104
Cash from Financing Activity +-41-53-206-104-5689-114-61-38
Net Cash Flow1-13-1441620-1312-81
Free Cash Flow425122-812-26711-181333347
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit130%116%92%45%82%101%236%44%50%108%63%76%

Financials of Vadilal Industries

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days14188282027363427313643
Inventory Days144138135119157179211170167146234196
Days Payable96104929186981658558628871
Cash Conversion Cycle625151569110781119135115182168
Working Capital Days-49-40-37-4-5-14-201729508389
ROCE %10%18%17%13%20%17%7%19%26%27%25%22%
84out of 100

Momentum score · price trend

84 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+39.9%82%
Last 6 months+60.0%92%
Last 3 months+1.0%70%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Vadilal Industries: 0.4 × 82 + 0.4 × 92 + 0.2 × 70 = 84.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 2 Nov 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Vadilal Industries's management said in earlier quarters

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