Vadilal Enterprises Ltd (VADILENT)

Loading page…

Vadilal Enterprises Ltd (VADILENT) · mywealthgrid

About

Vadilal Enterprises Ltd operates in dairy products within Consumer Staples, with a market cap of ₹932.58 Cr. Earnings have been volatile, ranging from ₹10.12 Cr losses (Dec 2019) to ₹11.18 Cr profits (Jun 2019), while revenue swung sharply from ₹295.16 Cr (Jun 2019) to ₹54.72 Cr (Dec 2020). This instability raises questions about operational resilience and market positioning within the dairy sector.

Face value: ₹10

Market cap

₹892 Cr

P/E

1,045.6×

P/B

38.3×

Dividend yield

ROE

28.4%

ROCE

-22.1%

Debt / equity

2.03

OPM

—

EPS (TTM)

₹9.9

Book value

₹259.0

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Extreme valuation signal: PE of 1,093.29 indicates near-zero or minimal current earnings—verify profitability and multiple sustainability
Earnings collapse: net profit has swung from -₹10.12 Cr (Dec 2019) to +₹11.18 Cr (Jun 2019), with EPS ranging from -₹117.27 to +₹129.55
Leverage amplifies downside: debt-to-equity of 2.03 constrains financial flexibility during unprofitable quarters
Revenue decline unresolved: fell from ₹295.16 Cr (Jun 2019) to ₹54.72 Cr (Dec 2020)—verify whether underlying business recovered

Generated analysis · source review pending

Growth drivers

Margin recovery to 14.55% OPM (Sep 2020 precedent) from near-zero current levels would restore profitability
Revenue growth back to ₹295 Cr (Jun 2019 peak) from ₹125 Cr (Mar 2021) base would expand earnings scale
ROE of 28.42% shows productive capital base; margin stabilization could sustain returns

Generated analysis · source review pending

2,097 historical price candles were omitted because the exchange source has not been verified.

₹9,910.0-2.8%1Y

Quick read

rule-based

Pros

+Strong return on equity of 51.8% (3-yr avg)
+Profit CAGR of 37.6% over the last 3 years
+Dividend payout of 31.7% of profit

Cons

−Heavily leveraged (debt/equity 2)
−Weak interest coverage of -1.6×
−Expensive at 1045.6× trailing earnings
−Trading at 38.3× book value

Research score

Structured signal from quality, growth, valuation and momentum.

41/100

Business quality: 23
Growth: 100

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Loading peers…

Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	485	516	546	573	592	340	548	930	999	1,119
COGS	-405	-423	-428	-437	-441	236	419	742	777	861
Gross profit	—	—	—	—	—	104	129	189	222	259
	886	934	965	997	1,018	88	117	—	—	—
Operating profit (EBITDA)	5	5	10	13	14	16	12	—	—	—
OPM %	1%	1%	1.8%	2.3%	2.4%	4.6%	2.3%	—	—	—
Depreciation	8	—	11	12	14	13	12	11	12	16
Interest	1	2	3	4	3	5	2	1	4	6
	2	2	4	3	3	4	5	12	12	6
Profit before tax	0	0	0	0	-0	1	3	9	10	8
Tax	0	0	0	0	0	0	1	2	3	2
Tax %	58.6%	64.3%	31.8%	43.8%	72.9%	30.1%	26.7%	28.4%	25.3%	24.8%
	0	0	0	0	-1	1	2	6	8	6
PAT margin %	0%	0%	0%	0%	-0.1%	0.3%	0.4%	0.7%	0.8%	0.5%
EPS (₹)	1.5	1.7	1.7	1	-9.6	9.9	25.5	71.3	87.1	66.4
EPS adjusted (₹)	—	—	—	—	-9.7	9.9	25.6	71.6	87.3	66.6
	54.8%	46.5%	46.8%	77.7%	—	0%	4.9%	2.1%	1.7%	2.3%
Annual report	Annual report for Mar 2016	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity capital	1	1	1	1	1	1
Reserves	—	3	4	10	17	21
Minority interest	—	0	0	—	—	—
	—	13	6	5	26	45
	—	128	122	174	187	213
Total equity & liabilities	—	144	133	191	231	281
	65	58	47	42	66	95
CWIP	—	0	0	12	19	18
Investments	—	0	0	0	0	0
	—	85	86	136	146	167
Total assets	—	144	133	191	231	281

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	15	24	7	17	32
	1	-10	-3	-35	-39
	-16	-9	-2	17	13
Net cash flow	-0	5	2	-1	5
Free cash flow	11	11	—	—	—
CFO / Operating profit %	94.9%	197.7%	—	—	—

Loading financials…

Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	30.5%	23.5%	20.3%	22.3%	23.1%
EBITDA margin %	1.8%	2.3%	2.4%	4.6%	2.3%	—	—	—
EBIT margin %	-0.2%	0.2%	0%	0.7%	0.1%	—	—	—
PAT margin %	0%	0%	-0.1%	0.3%	0.4%	0.7%	0.8%	0.5%
Working capital
Receivable days	—	—	—	29	10	15	18	19
Inventory days	—	—	—	43	29	24	23	18
Payable days	—	—	—	59	44	0	0	0
NWC days	—	—	—	13	-4	39	40	36
Leverage
Current ratio	—	—	—	0.45	0.5	0.62	0.6	0.6
Debt to EBITDA	—	—	—	0.81	0.49	—	—	—
Debt to equity	—	—	—	3.51	1.13	0.48	1.44	2.03
Interest coverage	1.1	1	0.8	1.3	2.4	0.7	-0.2	-1.6
Asset turnover	—	—	—	2.36	4.1	4.88	4.33	3.99
Return ratios
Return on assets %	—	—	—	0.6%	1.6%	3.2%	3.3%	2%
Return on capital employed %	—	—	—	87.2%	63.4%	7.5%	-2.2%	-22.1%
Return on equity %	—	—	—	23.7%	41.7%	55.7%	41.6%	25.7%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

Loading ratios…

Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	51.26%	51.26%	51.26%	51.26%	51.26%	51.26%	51.26%	51.26%	51.26%	51.27%	51.06%	51.03%
	0%	0%	0%	0%	0%	0.54%	0.54%	0.54%	0.54%	0.54%	0.54%	0.54%
DII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	48.74%	48.74%	48.74%	48.74%	48.74%	48.2%	48.2%	48.2%	48.2%	48.19%	48.4%	48.43%
No. of shareholders	—	—	—	—	—	—	—	—	1,319	1,274	1,274	1,292

Promoter holding down 0.23 percentage points since Sep 2023.

26 deals · 13 Oct 2021 – 17 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Sept 2026	DIPAKKUMAR GOVINDBHAI PATEL	Bulk	BSE	Buy	5,101	₹10,500.00	₹5.36 Cr
5 Dec 2024	UNICO GLOBAL OPPORTUNITIES FUND LIMITED	Bulk	BSE	Buy	4,660	₹8,247.84	₹3.84 Cr
5 Dec 2024	AFFLUENCE SHARES AND STOCKS PRIVATE LIMITED	Bulk	BSE	Sell	4,400	₹8,252.35	₹3.63 Cr
28 Oct 2024	NIRMAL KUMAR DEEPCHAND GANGWAL	Bulk	BSE	Sell	4,600	₹4,070.00	₹1.87 Cr
25 Oct 2024	NIRMAL KUMAR DEEPCHAND GANGWAL	Bulk	BSE	Sell	17,719	₹4,093.07	₹7.25 Cr
25 Oct 2024	BRESCON VENTURES PRIVATE LIMITED	Bulk	BSE	Sell	7,481	₹4,150.00	₹3.10 Cr
24 Oct 2024	NITINKUMAR KARSANDAS PATEL	Bulk	BSE	Sell	21,270	₹4,161.47	₹8.85 Cr
24 Jan 2024	TRINITY CREDIT MANAGEMENT SERVICES LLP	Bulk	BSE	Sell	5,500	₹3,350.00	₹1.84 Cr
24 Jan 2024	NIRMAL KUMAR DEEPCHAND GANGWAL	Bulk	BSE	Buy	5,500	₹3,350.00	₹1.84 Cr
20 Jan 2024	TRINITY CREDIT MANAGEMENT SERVICES LLP	Bulk	BSE	Sell	9,000	₹3,302.78	₹2.97 Cr

1–10 of 26

1 / 3

Mr. Devanshu L. GandhiExecutive Director
Mrs. Shaily Jatin DedhiaNon - Executive Independent Director
Rajesh BhaghatChief Financial Officer
Mr. Janmajay Virendra GandhiExecutive Director
Mrs. Mansi VyasNon - Executive Independent Director
Mr. Rajesh K. PandyaNon Executive Independent Director
Mr. Kalpit R. GandhiExecutive Director
Ms. Nikita UdhaniCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

Loading shareholding…

F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

Loading f&o…

Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Vadilal Enterprises Ltd. Portfolios are published monthly by each AMC; coverage is still partial.

Loading fund holders…

Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Credit ratings

Intimation regarding Credit Ratings under Regulation 30 of the SEBI (LODR) Regulations, 201510 Jul 2026

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

Loading events…

Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

17 announcementsExport CSV

30 Sept 2026, 3:27 pmCompany Update

Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("Listing Regulations").

Loading announcements…

Ratio	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Margins
Gross margin %	—	—	—	30.5%	23.5%	20.3%	22.3%	23.1%
EBITDA margin %	1.8%	2.3%	2.4%	4.6%	2.3%	—	—	—
EBIT margin %	-0.2%	0.2%	0%	0.7%	0.1%	—	—	—
PAT margin %	0%	0%	-0.1%	0.3%	0.4%	0.7%	0.8%	0.5%
Working capital
Receivable days	—	—	—	29	10	15	18	19
Inventory days	—	—	—	43	29	24	23	18
Payable days	—	—	—	59	44	0	0	0
NWC days	—	—	—	13	-4	39	40	36
Leverage
Current ratio	—	—	—	0.45	0.5	0.62	0.6	0.6
Debt to EBITDA	—	—	—	0.81	0.49	—	—	—
Debt to equity	—	—	—	3.51	1.13	0.48	1.44	2.03
Interest coverage	1.1	1	0.8	1.3	2.4	0.7	-0.2	-1.6
Asset turnover	—	—	—	2.36	4.1	4.88	4.33	3.99
Return ratios
Return on assets %	—	—	—	0.6%	1.6%	3.2%	3.3%	2%
Return on capital employed %	—	—	—	87.2%	63.4%	7.5%	-2.2%	-22.1%
Return on equity %	—	—	—	23.7%	41.7%	55.7%	41.6%	25.7%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Hatsun Agro Product LimitedHATSUNHATSUN	₹24,900 Cr	₹26,997 Cr	₹9,624 Cr	₹1,166 Cr	11.6%	₹348 Cr	3.2%	18.3%	16.2%	45
Milky Mist Dairy Food LimitedMILKYMISTMILKYMIST	₹23,744 Cr	₹25,416 Cr	₹3,138 Cr	₹429 Cr	13.7%	₹127 Cr	4.1%	15.8%	32.2%	—
Kwality Wall's (India) LimitedKWILKWIL	₹9,013 Cr	₹9,063 Cr	₹2,245 Cr	₹-110 Cr	-4.9%	₹-369 Cr	-16.4%	-24.8%	-54.9%	-47
Dodla Dairy LimitedDODLADODLA	₹6,068 Cr	₹6,098 Cr	₹4,316 Cr	₹291 Cr	7.5%	₹245 Cr	6.5%	17.6%	17.3%	-3
Vadilal Industries LimitedVADILALINDVADILALIND	₹5,175 Cr	₹5,266 Cr	₹1,675 Cr	₹313 Cr	16.6%	₹219 Cr	10.3%	22.7%	22%	148
Heritage Foods LimitedHERITGFOODHERITGFOOD	₹3,739 Cr	₹4,063 Cr	₹4,727 Cr	₹254 Cr	5.9%	₹135 Cr	3.3%	15.8%	14.5%	18
Parag Milk Foods LimitedPARAGMILKPARAGMILK	₹3,316 Cr	₹3,856 Cr	₹3,911 Cr	₹267 Cr	6.7%	₹130 Cr	3.5%	17%	11.8%	84
Vadilal Enterprises LtdVADILENTVADILENT	₹892 Cr	₹937 Cr	₹340 Cr	₹16 Cr	—	₹1 Cr	0.5%	-22.1%	28.4%	36
Sheetal Cool Products LimitedSCPLSCPL	₹651 Cr	₹701 Cr	₹386 Cr	₹45 Cr	11.3%	₹21 Cr	5.2%	19.9%	13.3%	212
Milkfood LtdMLKFOODMLKFOOD	₹205 Cr	₹318 Cr	₹448 Cr	₹24 Cr	5.3%	₹5 Cr	1%	7%	2.6%	49
Modern Dairies LtdMODAIRYMODAIRY	₹153 Cr	₹165 Cr	₹348 Cr	₹14 Cr	2.9%	₹83 Cr	1.4%	13.9%	10.2%	10
Dindigul Farm Product LtdDFPLDFPL	₹72 Cr	₹91 Cr	₹90 Cr	₹8 Cr	8.6%	₹4 Cr	4.1%	9.3%	10%	3

Date	Category	Subject	Filing
30 Sept 2026, 3:27 pm	Company Update General	Intimation Under Regulation 30 Of The Securities And Exchange Board Of India (Listing Obligations And Disclosure Requirements) Regulations, 2015 ("Listing Regulations").	PDF
30 Sept 2026, 3:19 pm	Others Outcome without intimation	Board Meeting Outcome for Outcome Of Board Meeting Held On 30.09.2026	PDF
28 Sept 2026, 12:48 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
10 Sept 2026, 7:09 pm	Company Update General	Announcement Under Regulation 30 Of SEBI LODR	PDF
10 Sept 2026, 6:57 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF
8 Sept 2026, 12:34 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
22 Aug 2026, 11:00 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF
22 Aug 2026, 10:55 am	Insider Trading / SAST Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011	PDF

Vadilal Enterprises Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

17

1

Compounded sales growth

Compounded profit growth

Return on equity

Vadilal Enterprises Ltd

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Credit ratings

Events

Announcements

Ratio timeline

Not in the F&O segment

No fund holdings on record

Announcements

Annual reports

Credit ratings

Quarterly record

Bulk & block deals

Board and management

Dividends17

Board meetings1

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

17

1