Veljan Denison Share Price ₹1,941 | P/E 33.6

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

Financials of Veljan Denison

Quarter-by-quarter operating performance

	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales +	26.80	26.75	28.27	31.05	31.51	33.43	33.67	33.96	36.42	37.54	38.53	35.72	32.91
Expenses +	21.05	22.64	20.55	24.23	23.69	25.45	26.26	25.74	27.31	28.85	28.19	25.96	25.29
Operating Profit	5.75	4.11	7.72	6.82	7.82	7.98	7.41	8.22	9.11	8.69	10.34	9.76	7.62
OPM %	21.46%	15.36%	27.31%	21.96%	24.82%	23.87%	22.01%	24.20%	25.01%	23.15%	26.84%	27.32%	23.15%
Other Income +	0.26	0.61	0.59	0.63	0.78	0.72	0.64	0.63	0.63	0.88	0.67	0.71	0.73
Interest	0.36	0.16	0.20	0.48	0.18	0.15	0.08	0.10	0.13	0.13	0.06	0.09	0.14
Depreciation	1.27	1.22	1.12	1.13	1.26	1.24	1.22	1.25	1.28	1.29	1.32	1.37	1.37
Profit before tax	4.38	3.34	6.99	5.84	7.16	7.31	6.75	7.50	8.33	8.15	9.63	9.01	6.84
Tax %	26.26%	26.95%	25.89%	26.03%	25.84%	24.21%	25.93%	25.87%	26.65%	28.96%	26.17%	26.30%	32.16%
Net Profit +	3.23	2.44	5.18	4.32	5.31	5.55	5.01	5.56	6.11	5.79	7.11	6.64	4.64
EPS in Rs	7.18	5.42	11.51	9.60	11.80	12.33	11.13	12.36	13.58	12.87	15.80	14.76	10.31

Financials of Veljan Denison

Annual income statement trend

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales +	71	78	78	79	96	88	83	74	98	111	124	142	145
Expenses +	55	56	57	56	68	61	61	60	72	87	94	108	108
Operating Profit	16	22	21	23	28	26	22	13	26	23	30	33	36
OPM %	22%	28%	27%	29%	29%	30%	26%	18%	26%	21%	24%	24%	25%
Other Income +	1	3	0	1	1	1	1	1	2	2	3	3	3
Interest	2	2	2	2	1	1	1	0	0	1	1	0	0
Depreciation	3	3	2	3	3	3	4	5	5	5	5	5	5
Profit before tax	13	20	18	19	25	23	18	9	23	20	27	31	34
Tax %	33%	34%	30%	25%	34%	28%	26%	24%	27%	26%	25%	27%
Net Profit +	8	13	13	15	16	16	13	7	17	15	20	22	24
EPS in Rs	18.76	28.98	27.87	32.24	36.18	36.29	29.87	15.24	37.51	32.40	45.27	49.96	53.74
Dividend Payout %	20%	17%	18%	16%	14%	14%	17%	33%	17%	20%	19%	17%

Financials of Veljan Denison

Capital structure and asset base

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	2	2	2	2	2	2	2	2	2	2	2	4	4
Reserves	78	88	98	113	126	140	148	155	169	181	198	215	225
Borrowings +	20	27	26	34	22	19	6	10	7	9	7	8	8
Other Liabilities +	18	20	12	12	15	23	22	21	24	26	24	29	26
Total Liabilities	117	137	138	161	165	184	178	188	202	219	231	257	263
Fixed Assets +	25	23	27	24	26	43	56	62	58	59	78	82	82
CWIP	4	4	3	3	3	6	7	3	7	15	3	2	2
Investments	0	0	0	0	0	0	0	0	0	14	14	14	14
Other Assets +	89	110	109	134	135	136	115	123	137	131	137	159	165
Total Assets	117	137	138	161	165	184	178	188	202	219	231	257	263

Financials of Veljan Denison

Operating, investing and financing cash movement

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	4	0	13	18	17	29	18	26	13	16	11	16
Cash from Investing Activity +	-1	-1	-1	-1	-6	-25	-10	-6	-15	-16	-6	-7
Cash from Financing Activity +	-9	3	-6	6	-15	-7	-18	3	-5	0	-5	-4
Net Cash Flow	-7	2	6	23	-4	-2	-11	23	-8	-0	0	6
Free Cash Flow	2	-4	12	17	10	3	7	18	4	4	2	8
CFO/OP	45%	37%	61%	110%	90%	146%	112%	191%	75%	90%	56%	73%

Financials of Veljan Denison

Working capital efficiency and return ratios

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	179	297	316	274	246	216	161	142	123	93	84	84
Inventory Days	255	259	207	298	181	354	536	489	491	465	492	496
Days Payable	64	68	31	30	21	136	146	125	118	89	73	86
Cash Conversion Cycle	370	489	492	542	407	434	551	506	496	468	503	495
Working Capital Days	238	269	290	250	256	261	296	242	237	197	206	205
ROCE %	14%	20%	16%	15%	17%	15%	12%	7%	14%	11%	14%	14%

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Veljan Denison Share Price & Earnings Call Analysis