VEEDOL

Veedol Corporation share price & financials

Price
₹1,408.7
Market cap
₹2.5k Cr
Sector
Oil, Gas & Consumable Fuels

What Veedol Corporation Limited does

Veedol Corporation Limited (formerly Tide Water Oil Company (India) Ltd.) manufactures and markets automotive and industrial lubricants, greases and vehicle-care products under the Veedol brand, serving the Indian market since 1928 and exporting to over 70 countries across five continents. It earns through a pan-India network of distributors and retail/workshop outlets, plus direct supply to global OEMs including Mercedes-Benz, Volkswagen, Volvo, Mack, Renault, BMW, MAN and Porsche, operating five ISO-accredited manufacturing plants and two government-recognised R&D centres. The company holds global rights to the Veedol brand (acquired 2011), runs a 50:50 joint venture with Japan's ENEOS Corporation for premium lubricants, owns UK-based Granville Oil & Chemicals (acquired 2016), and partners with Blaster LLC (USA) to bring the Gunk and Liquid Wrench vehicle-care brands to India.

Segments

  • Automotive Lubricants
  • Industrial Lubricants
  • Vehicle Care / Specialities
Countries with export presence
70+
ISO-accredited manufacturing plants
5
Government-recognised R&D centres
2
Pan-India distributor network
500+ distributors
Retail and workshop outlets reached
50,000+
Depot footprint
30+ depots
Founded 1928 Company website

Quarterly results

Q1 FY27: revenue up 18.5%, net profit up 56.0% against the same quarter last year.

₹ Cr · quarterly
Line itemQ2 FY25Q3 FY25Q4 FY25Q1 FY26Q2 FY26Q3 FY26Q4 FY26Q1 FY27
Revenue476 482 532 514 509 +7%538 +12%607 +14%609 +18%
EBITDA46 38 68 59 53 +15%52 +37%63 −7%98 +66%
Net profit35 37 60 50 41 +17%44 +19%57 −5%78 +56%
How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Performance −14.8% 1Y

₹1.2k₹1.4k₹1.6k₹1.8k₹2.0kSept 25Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26

1Y: ₹1,676.9 on 10 Sept 2025 → ₹1,428.5. High ₹1,982.6 (19 Sept 2025), low ₹1,246.2 (30 Mar 2026).

Financials, as filed

Revenue grew 5.4% a year over 3 years, FY23 to FY26. Operating margin widened to 10.5%.

Year endingFY23FY24FY25FY26
Revenue₹1.9k Cr₹1.9k Cr₹2.0k Cr₹2.2k Cr
Operating profit₹143 Cr₹171 Cr₹193 Cr₹227 Cr
Operating margin7.7%8.9%9.8%10.5%
Interest₹0 Cr₹1 Cr₹4 Cr₹3 Cr
Depreciation₹16 Cr₹16 Cr₹28 Cr₹35 Cr
Net profit₹114 Cr₹143 Cr₹169 Cr₹192 Cr
Net margin6.1%7.4%8.6%8.9%
Cash from operations₹103 Cr₹156 Cr₹30 Cr₹194 Cr
Free cash flow₹89 Cr₹109 Cr₹-12 Cr₹160 Cr
ROCE20.0%24.0%24.0%24.0%
How to read this

From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.

Balance sheet

Year endingFY21FY22FY23FY24FY25FY26
Equity capital₹2 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr₹3 Cr
Reserves₹735 Cr₹716 Cr₹761 Cr₹824 Cr₹974 Cr₹1.0k Cr
Borrowings₹18 Cr₹14 Cr₹5 Cr₹1 Cr₹21 Cr₹16 Cr
Other liabilities₹286 Cr₹302 Cr₹330 Cr₹320 Cr₹331 Cr₹353 Cr
Total liabilities₹1.0k Cr₹1.0k Cr₹1.1k Cr₹1.1k Cr₹1.3k Cr₹1.4k Cr
Fixed assets₹277 Cr₹270 Cr₹272 Cr₹294 Cr₹346 Cr₹351 Cr
Capital work in progress₹4 Cr₹3 Cr₹2 Cr₹10 Cr₹16 Cr₹8 Cr
Investments₹74 Cr₹70 Cr₹70 Cr₹73 Cr₹80 Cr₹82 Cr
Other assets₹686 Cr₹692 Cr₹756 Cr₹771 Cr₹887 Cr₹963 Cr
Total assets₹1.0k Cr₹1.0k Cr₹1.1k Cr₹1.1k Cr₹1.3k Cr₹1.4k Cr
How to read this

As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.

Who owns it

As disclosed at Jun 2026

Since Jun 2025, promoters added +2.23 pp while the public trimmed −2.10 pp. The shareholder count shrank 8% to 54,979.

Promoters
64.6%
FIIs
1.0%
DIIs
1.2%
Public
30.8%
Others
2.5%

Since Jun 2025

  • Promoters +2.23 pp
  • Public −2.10 pp
  • FIIs −0.12 pp

How it drifted, 12 quarters

Over this window promoters went from 57.3% to 64.6% — +7.3 pp.

Sep '23Dec '24Jun '26

Ownership split by quarter, oldest first. Sep '23: Promoters 57.3%, FIIs 1.0%, DIIs 2.1%, Public 37.2%, Others 2.5%.Dec '23: Promoters 62.3%, FIIs 1.4%, DIIs 1.3%, Public 32.6%, Others 2.5%.Mar '24: Promoters 62.3%, FIIs 1.5%, DIIs 1.2%, Public 32.5%, Others 2.5%.Jun '24: Promoters 64.2%, FIIs 2.0%, DIIs 1.2%, Public 30.2%, Others 2.5%.Sep '24: Promoters 64.3%, FIIs 1.7%, DIIs 1.2%, Public 30.3%, Others 2.5%.Dec '24: Promoters 64.3%, FIIs 1.5%, DIIs 1.3%, Public 30.5%, Others 2.5%.Mar '25: Promoters 64.3%, FIIs 1.3%, DIIs 1.2%, Public 30.8%, Others 2.5%.Jun '25: Promoters 62.4%, FIIs 1.1%, DIIs 1.2%, Public 32.9%, Others 2.5%.Sep '25: Promoters 64.6%, FIIs 1.4%, DIIs 1.2%, Public 30.4%, Others 2.5%.Dec '25: Promoters 64.6%, FIIs 1.2%, DIIs 1.2%, Public 30.6%, Others 2.5%.Mar '26: Promoters 64.6%, FIIs 1.1%, DIIs 1.2%, Public 30.7%, Others 2.5%.Jun '26: Promoters 64.6%, FIIs 1.0%, DIIs 1.2%, Public 30.8%, Others 2.5%.

Who was buying across the market this quarter →

Who is on the register

Named in the Jun 2026 filing

Every holder of Veedol Corporation Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.

HolderStakeChange
Standard Greases And Specialities Private Limited 38.59%unchanged
Andrew Yule & Company Limited 24.30%unchanged
Janus Consolidated Finance Private Limited 1.69%unchanged
LICI Asm Non Par Insurer1.12%unchanged

A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.

Learn to analyse Veedol Corporation Limited

Guides on how to read this kind of business and the numbers that matter.