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Vesuvius India Overview

Vesuvius India Ltd manufactures and trades in refractory products in India. The corporation offers shaped refractories, inclusive of shrouds, stoppers, pre-cast products, nozzles, and crucibles; and unshaped refractories, which include castables, and taphole clay, as well as repairs and upkeep services. Vesuvius India Ltd also exports its products. The business enterprise was founded in 1991 and is headquartered in Kolkata, India. Vesuvius India Ltd is a subsidiary of Vesuvius Group Ltd, United Kingdom.

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Vesuvius India Key Financials

Market Cap ₹10536 Cr.

Stock P/E 39.9

P/B 6.3

Current Price ₹519.1

Book Value ₹ 82

Face Value 1

52W High ₹647.5

Dividend Yield 0.29%

52W Low ₹ 432

Vesuvius India Share Price

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Volume
Price

Vesuvius India Quarterly Price

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Vesuvius India Peer Comparison

Vesuvius India 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 413 417 453 462 444 509 482 524 547 551
Other Income 8 7 8 10 23 7 10 8 7 34
Total Income 422 424 461 472 467 516 492 533 554 584
Total Expenditure 331 337 358 371 365 427 399 433 455 457
Operating Profit 90 87 103 102 102 89 93 100 100 127
Interest 0 0 0 0 0 0 0 0 0 0
Depreciation 9 11 10 11 12 13 13 15 17 17
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 81 76 92 90 90 76 80 85 83 109
Provision for Tax 21 19 23 23 21 16 20 22 21 29
Profit After Tax 60 57 69 67 68 60 59 63 62 80
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 60 57 69 67 68 60 59 63 62 80
Adjusted Earnings Per Share 3 2.8 3.4 3.3 3.4 3 2.9 3.1 3 4

Vesuvius India Profit & Loss

#(Fig in Cr.) Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025 TTM
Net Sales 700 822 911 925 887 792 1047 1343 1603 1869 2104 2104
Other Income 13 14 18 26 32 23 21 26 37 52 64 59
Total Income 712 835 929 951 919 815 1068 1369 1640 1920 2168 2163
Total Expenditure 576 671 749 780 768 716 949 1181 1317 1522 1748 1744
Operating Profit 136 164 180 171 151 98 120 188 324 399 420 420
Interest 1 1 1 1 1 1 1 1 2 4 2 0
Depreciation 23 27 30 28 27 26 27 30 36 46 62 62
Exceptional Income / Expenses 0 0 -4 0 0 0 0 0 0 0 0 0
Profit Before Tax 112 136 145 142 123 72 92 157 285 349 356 357
Provision for Tax 39 47 50 50 38 19 24 40 72 84 92 92
Profit After Tax 74 89 94 93 86 53 68 117 213 265 264 264
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 74 89 94 93 86 53 68 117 213 265 264 264
Adjusted Earnings Per Share 3.6 4.4 4.7 4.6 4.2 2.6 3.4 5.8 10.5 13 13 13

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 13% 16% 22% 12%
Operating Profit CAGR 5% 31% 34% 12%
PAT CAGR -0% 31% 38% 14%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 12% 47% 37% 21%
ROE Average 17% 19% 15% 14%
ROCE Average 23% 25% 21% 20%

Vesuvius India Balance Sheet

#(Fig in Cr.) Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Shareholder's Funds 497 582 661 738 804 842 896 998 1194 1431 1664
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 225 233 294 296 338 347 8 264 349 270 282
Total Current Liabilities 138 271 294 333 317 363 268 622 672 598 750
Total Liabilities 860 1087 1249 1367 1460 1551 1172 1884 2214 2299 2696
Fixed Assets 131 124 113 121 124 120 116 194 316 434 622
Other Non-Current Assets 243 263 350 347 396 398 78 348 477 469 345
Total Current Assets 485 699 786 898 939 1033 978 1341 1421 1395 1728
Total Assets 860 1087 1249 1367 1460 1551 1172 1884 2214 2299 2696

Vesuvius India Cash Flow

#(Fig in Cr.) Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Opening Cash & Cash Equivalents 95 113 169 345 114 468 52 26 132 160 158
Cash Flow from Operating Activities 54 50 191 95 74 102 27 128 82 258 177
Cash Flow from Investing Activities -21 21 2 -310 297 -503 -39 -6 -37 -233 -18
Cash Flow from Financing Activities -15 -15 -16 -17 -17 -14 -14 -16 -18 -27 -30
Net Cash Inflow / Outflow 18 56 177 -231 354 -415 -26 106 28 -1 130
Closing Cash & Cash Equivalent 113 169 345 114 468 52 26 132 160 158 288

Vesuvius India Ratios

# Dec 2015 Dec 2016 Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022 Dec 2023 Dec 2024 Dec 2025
Earnings Per Share (Rs) 3.63 4.38 4.65 4.56 4.21 2.61 3.35 5.75 10.49 13.03 13.01
CEPS(Rs) 4.77 5.73 6.12 5.93 5.52 3.91 4.7 7.22 12.26 15.29 16.05
DPS(Rs) 0.63 0.65 0.68 0.7 0.87 0.7 0.8 0.83 1.28 1.45 1.5
Book NAV/Share(Rs) 24.48 28.66 32.56 36.34 39.63 41.47 44.15 49.15 58.8 70.49 81.97
Core EBITDA Margin(%) 16.12 16.8 17.07 15.72 13.41 9.51 9.41 12.01 17.86 18.56 16.93
EBIT Margin(%) 14.73 15.27 15.33 15.47 13.99 9.12 8.84 11.75 17.94 18.87 17.02
Pre Tax Margin(%) 14.67 15.2 15.26 15.39 13.91 9.04 8.74 11.68 17.8 18.67 16.94
PAT Margin (%) 9.6 9.93 9.95 10 9.64 6.7 6.5 8.7 13.28 14.16 12.55
Cash Profit Margin (%) 12.63 13 13.08 13.01 12.64 10.02 9.11 10.92 15.52 16.61 15.48
ROA(%) 9.09 9.13 8.09 7.08 6.05 3.52 5 7.64 10.39 11.72 10.58
ROE(%) 15.72 16.48 15.2 13.23 11.09 6.45 7.83 12.33 19.43 20.16 17.07
ROCE(%) 24.11 25.34 23.42 20.47 16.09 8.77 10.65 16.66 26.25 26.88 23.15
Receivable days 98.48 100.77 93.71 79.18 75.94 80.95 57.05 50.75 60.62 69.2 75.37
Inventory Days 34.38 34.05 36.34 42.98 47.45 51.76 57.52 56.71 52.38 49.09 47.09
Payable days 90.84 90.75 99.6 101.07 95.61 109.58 110.55 106.23 109.22 102.83 102.85
PER(x) 22.12 24.97 29.61 26.04 26.08 41.8 32.3 28.08 34.2 34.95 36.97
Price/Book(x) 3.27 3.82 4.23 3.27 2.77 2.63 2.45 3.29 6.1 6.46 5.87
Dividend Yield(%) 0.78 0.59 0.49 0.59 0.8 0.64 0.74 0.51 0.36 0.32 0.31
EV/Net Sales(x) 2.08 2.46 2.69 2.15 1.99 2.09 1.57 2.02 4.25 4.69 4.36
EV/Core EBITDA(x) 10.68 12.31 13.63 11.64 11.7 16.85 13.72 14.45 21.07 21.99 21.87
Net Sales Growth(%) 7.28 17.41 10.93 1.51 -4.11 -10.77 32.3 28.21 19.41 16.56 12.62
EBIT Growth(%) 24.84 21.07 6.48 -1.66 -13.3 -41.85 28.2 70.51 82.33 22.61 1.58
PAT Growth(%) 24.37 20.78 6.27 -2.04 -7.53 -37.99 28.28 71.62 82.33 24.22 -0.17
EPS Growth(%) 24.37 20.78 6.27 -2.04 -7.53 -37.99 28.28 71.62 82.33 24.22 -0.17
Debt/Equity(x) 0 0 0 0 0 0 0 0 0 0 0
Current Ratio(x) 3.52 2.58 2.68 2.7 2.96 2.85 3.65 2.16 2.12 2.33 2.3
Quick Ratio(x) 2.99 2.23 2.35 2.33 2.62 2.53 2.85 1.83 1.74 1.92 1.91
Interest Cover(x) 217.1 213.56 231.02 188.33 179.86 116.4 96.38 175.29 128.41 91.84 190.56
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0 0 0

Vesuvius India Shareholding Pattern

# Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
Promoter 55.57 55.57 55.57 55.57 55.57 55.57 55.57 55.57 55.57 55.57
FII 1.73 1.57 2.34 2.34 4.06 4.14 4.31 4.42 4.44 4.56
DII 23.27 23.06 20.92 20.92 20.66 20.95 20.83 21.29 21.93 22.05
Public 19.43 19.8 21.17 21.17 19.71 19.34 19.3 18.73 18.07 17.83
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Vesuvius India News

Vesuvius India Pros & Cons

Pros

  • Company has delivered good profit growth of 37% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Debtor days have increased from 102.83 to 102.85days.
  • Stock is trading at 6.3 times its book value.
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