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    Veljan Denison

    Hyderabad-based manufacturer of hydraulic engineering products, making critical hydraulic components at its Patancheru (Telangana) factory.

    Automobile and Auto Components
    Consumer Discretionary

    Overview

    Price

    Market Cap

    ₹803 Cr

    Sector

    Automobile and Auto Components

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital22222444
    Reserves148155169181198215225236
    Borrowings610797881
    Other Liabilities2221242624292626
    Total Liabilities178188202219231257263268
    AssetsFixed Assets5662585978828282
    CWIP737153222
    Investments0001414141414
    Other Assets115123137131137159165169
    Total Assets178188202219231257263268

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating2918261316111628
    Cash from Investing-25-10-6-15-16-6-7-12
    Cash from Financing-7-183-50-5-4-11
    SummaryCapital Expenditure
    Free Cash Flow3718442823
    FCF Margin

    Valuation

    Assumptions

    Current — 505232
    Price
    ₹1,267
    EPS (TTM)
    ₹55.47
    PE (TTM)
    22.8
    Profit growth
    19.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (22.9×) and current (22.8×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹1,267
    vs
    Fair value · 15% return
    ₹1,403
    11%Undervalued

    At 19.6% growth and a 23× exit, ₹1267 only delivers your return if you pay ₹1,403. The price is currently baking in 17% growth.

    EPS grows 19.6%/yr for 5 years, then fades to 6% over 2, exits at 23×.

    YearGrowthEPS (₹)
    FY2719.6%66.34
    FY2819.6%79.35
    FY2919.6%94.90
    FY3019.6%113.50
    FY3119.6%135.74
    FY3212.8% ·fade153.12
    FY336.0% ·fade162.30

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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