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Vadilal Industries Overview

Vadilal Industries Ltd is engaged inside the commercial enterprise of manufacturing ice cream and flavoured milk, and processing and exporting processed meals products, together with canned pulp. The Company's segments include Ice Cream, Processed Foods and Others. The Company, thru Ice Cream segment, offers ice cream and frozen dessert, through Processed Food section, it offers mango pulp, frozen fruit, pulp, vegetable and equipped to devour/serve food, through Others section, it's far engaged in forex control, cash changing and cold storage. ...Read More

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Vadilal Industries Key Financials

Market Cap ₹3365 Cr.

Stock P/E 22.4

P/B 4.7

Current Price ₹4681

Book Value ₹ 987.3

Face Value 10

52W High ₹7399

Dividend Yield 0.45%

52W Low ₹ 3990

Vadilal Industries Share Price

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Volume
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Vadilal Industries Quarterly Price

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Vadilal Industries Peer Comparison

Vadilal Industries Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 289 174 251 464 296 204 274 506 341 238
Other Income 4 4 3 4 5 4 3 5 7 5
Total Income 293 178 254 468 301 208 278 510 349 243
Total Expenditure 230 163 206 351 235 178 236 406 290 227
Operating Profit 63 15 48 118 66 30 42 104 59 16
Interest 4 4 4 4 3 3 4 4 4 4
Depreciation 9 8 9 11 11 10 11 12 12 12
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 50 3 35 103 52 17 27 89 43 -0
Provision for Tax 12 -6 7 26 13 5 5 22 10 0
Profit After Tax 38 9 28 77 39 12 22 67 33 -0
Adjustments 0 0 0 0 0 0 0 0 0 -0
Profit After Adjustments 38 9 28 77 39 12 22 67 33 -0
Adjusted Earnings Per Share 52.9 12.9 38.4 107.7 54.2 16.6 30.6 93.2 46.5 -0.2

Vadilal Industries Profit & Loss

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 406 450 482 547 567 599 463 698 1058 1125 1238 1359
Other Income 3 1 4 6 11 10 17 8 17 13 17 20
Total Income 409 451 486 554 578 609 481 706 1075 1138 1256 1380
Total Expenditure 367 391 426 499 495 521 429 599 899 905 1000 1159
Operating Profit 43 59 60 54 83 88 52 107 176 233 256 221
Interest 26 21 16 15 14 17 21 19 16 18 14 16
Depreciation 13 14 15 16 17 24 23 24 30 35 42 47
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 4 24 29 23 52 48 8 64 131 180 200 159
Provision for Tax 1 10 10 7 19 7 3 19 34 34 49 37
Profit After Tax 2 15 19 16 33 41 5 45 96 146 150 122
Adjustments 0 0 0 -0 -0 0 0 0 0 0 0 0
Profit After Adjustments 2 15 19 16 33 41 5 45 96 146 150 122
Adjusted Earnings Per Share 3.4 20.5 26.6 21.8 46.4 57.6 6.4 62.2 133.9 203 209.1 170.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 10% 21% 16% 12%
Operating Profit CAGR 10% 34% 24% 20%
PAT CAGR 3% 49% 30% 54%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -1% 27% 38% 24%
ROE Average 28% 33% 25% 23%
ROCE Average 33% 34% 27% 23%

Vadilal Industries Balance Sheet

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 114 127 161 175 207 247 251 297 397 542 695
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 61 46 34 71 58 49 57 77 60 38 46
Other Non-Current Liabilities 17 21 27 29 31 39 27 30 105 122 145
Total Current Liabilities 178 172 192 163 180 238 232 218 275 214 208
Total Liabilities 370 366 414 439 477 574 567 623 838 917 1094
Fixed Assets 226 225 251 257 267 318 312 307 403 444 478
Other Non-Current Assets 16 15 14 21 28 23 14 15 37 40 86
Total Current Assets 128 127 149 162 182 234 242 302 397 433 530
Total Assets 370 366 414 439 477 574 567 623 838 917 1094

Vadilal Industries Cash Flow

#(Fig in Cr.) Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 2 4 1 4 2 6 10 25 45 32 44
Cash Flow from Operating Activities 50 64 46 17 44 67 82 32 39 192 130
Cash Flow from Investing Activities -8 -11 -23 -24 -31 -67 -11 -20 -62 -66 -77
Cash Flow from Financing Activities -41 -53 -20 6 -10 4 -56 8 9 -114 -61
Net Cash Inflow / Outflow 1 -1 3 -1 4 4 16 20 -13 12 -8
Closing Cash & Cash Equivalent 4 3 4 2 6 10 25 45 32 44 36

Vadilal Industries Ratios

# Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) 3.39 20.54 26.56 21.79 46.41 57.57 6.44 62.19 133.92 202.99 209.08
CEPS(Rs) 21.64 39.26 47.29 44.23 69.93 90.53 38.23 95.54 175.48 251.54 267.77
DPS(Rs) 1 1.25 1.25 1.25 1.25 0 0 1.25 1.5 1.5 21
Book NAV/Share(Rs) 73.86 93.24 119.09 139.18 183.8 239.03 244.62 308.99 447.89 649.62 862.41
Core EBITDA Margin(%) 9.5 12.67 11.47 8.63 12.59 12.93 7.4 14.01 14.92 19.17 18.8
EBIT Margin(%) 7.09 9.96 9.17 6.86 11.54 10.62 6.19 11.81 13.72 17.25 16.85
Pre Tax Margin(%) 0.9 5.31 5.93 4.12 9.07 7.88 1.63 9.06 12.23 15.69 15.77
PAT Margin (%) 0.58 3.19 3.86 2.81 5.84 6.8 0.98 6.34 9.02 12.72 11.87
Cash Profit Margin (%) 3.74 6.13 6.89 5.7 8.79 10.69 5.84 9.74 11.82 15.77 15.2
ROA(%) 0.64 4 4.89 3.67 7.28 7.87 0.81 7.51 13.18 16.63 14.95
ROE(%) 4.59 24.49 24.98 16.88 28.74 27.23 2.66 22.47 35.39 36.99 27.66
ROCE(%) 13.96 23.31 23.02 17.15 25.3 20.97 8.77 23.32 31.8 35.6 33.15
Receivable days 13.54 14.72 12.01 17.31 23.33 22.56 34.7 28.67 24.43 27.72 31.68
Inventory Days 87.1 75.69 80.03 73.64 73.18 84.43 114.69 79.31 71.97 77.14 77.81
Payable days 87.65 90.26 90.91 94.52 91.28 89.35 146 99.18 56.07 59.67 70.12
PER(x) 79 30.78 36.57 38.86 13.1 7.85 139.44 22.73 16.45 21.41 21.97
Price/Book(x) 3.63 6.78 8.16 6.08 3.31 1.89 3.67 4.58 4.92 6.69 5.33
Dividend Yield(%) 0.37 0.2 0.13 0.15 0.21 0 0 0.09 0.07 0.03 0.46
EV/Net Sales(x) 0.84 1.27 1.68 1.36 1.02 0.8 1.63 1.63 1.66 2.83 2.7
EV/Core EBITDA(x) 7.96 9.62 13.47 13.71 6.95 5.42 14.5 10.61 9.93 13.7 13.09
Net Sales Growth(%) 10.61 10.69 7.22 13.52 3.6 5.67 -22.68 50.58 51.62 6.38 10.02
EBIT Growth(%) 2.4 55.72 -1.37 -15.5 72.36 -1.95 -54.95 185.72 75.94 35.14 7.84
PAT Growth(%) 5.41 514.07 29.64 -17.83 113 24.03 -88.82 865.96 115.41 51.57 3
EPS Growth(%) 6 505.85 29.34 -17.97 113 24.05 -88.81 864.96 115.34 51.57 3
Debt/Equity(x) 2.86 1.82 1.39 1.41 1.12 1.01 0.82 0.78 0.64 0.25 0.13
Current Ratio(x) 0.72 0.74 0.78 0.99 1.01 0.98 1.04 1.39 1.44 2.02 2.56
Quick Ratio(x) 0.17 0.19 0.13 0.37 0.3 0.33 0.43 0.63 0.51 0.95 1.06
Interest Cover(x) 1.15 2.14 2.83 2.5 4.69 3.87 1.36 4.29 9.24 11.05 15.6
Total Debt/Mcap(x) 0.79 0.27 0.17 0.23 0.34 0.53 0.22 0.17 0.13 0.04 0.02

Vadilal Industries Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 64.73 64.73 64.73 64.73 64.73 64.73 64.73 64.73 64.73 64.72
FII 0.09 0.08 0.45 0.38 0.35 0.3 0.68 0.76 0.57 0.57
DII 0 0 0 0 0.05 0 0 0.44 0.47 0.42
Public 35.19 35.19 34.82 34.89 34.88 34.97 34.59 34.07 34.23 34.29
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Vadilal Industries News

Vadilal Industries Pros & Cons

Pros

  • Company has delivered good profit growth of 29% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 33%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 59.67 to 70.12days.
  • Stock is trading at 4.7 times its book value.
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