Veedol Corporation Limited (VEEDOL) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Veedol Corporation Limited ₹1,437, price ₹1,357, upside +6.0%, quality 75 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 1, 2026.
How to read this chart
60‑month range ₹737.68 – ₹2,960 · fair‑value band ₹916.96 – ₹2,060 · the ₹1,357 price screens below the ₹1,437 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 1, 2026.
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Veedol Corporation Limited, together with its subsidiaries, engages in the manufacturing and marketing of lubricants under the Veedol brand in India. It offers automotive lubricants, including two-wheeler, passenger car motor, commercial vehicle, tractor, off-highway, and gear and transmission oils, as well as greases, EV fluids, and OEM oils.
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Veedol Corporation Limited, together with its subsidiaries, engages in the manufacturing and marketing of lubricants under the Veedol brand in India. It offers automotive lubricants, including two-wheeler, passenger car motor, commercial vehicle, tractor, off-highway, and gear and transmission oils, as well as greases, EV fluids, and OEM oils. The company also offers industrial lubricants comprising hydraulic and circulation, spindle, turbine, heavy-duty hydraulic, compressor, refrigeration compressor, steam cylinder, industrial gear, slideway, mill roll, pneumatic tool, and transmission oils; thermic and automotive fluids; lithium soap and complex greases, graphite, calcium complex, and high-temperature greases; and cardium compounds, industrial-speciality range, and coolants. In addition, it provides vehicle care products, such as additives range, appearance enhancers, cleaners and degreasers, lubricants, and rust penetrants. Further, it engages in the wind energy business. The company's distribution network consists of distributors, retail outlets, and workshops. It operates in Europe, the Americas, the Middle East, Africa, the Asia Pacific, and South Asia. The company was formerly known as Tide Water Oil Co. (India) Limited and changed its name to Veedol Corporation Limited in September 2024. Veedol Corporation Limited was incorporated in 1921 and is based in Kolkata, India.
Stock analysis
Veedol Corporation Limited (VEEDOL) currently trades at ₹1,357, while our model-based Fair Value estimate is ₹1,437, so the stock looks roughly fairly valued today (gap 5.6%).
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Valuation
Bull case: the Growth Earnings group reads highest at a median of ₹1,508 per share, and 11 of the 26 models we run sit above the ₹1,357 price.
Bear case: the Asset-Based group reads lowest at ₹408.28, and 15 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹916.96 (bear) to ₹2,060 (bull), the price of ₹1,357 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 75/100 (high quality), in the Basic Materials sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Veedol Corporation Limited reported revenue of ₹21.7B in FY2026 versus ₹15.3B in FY2022, a compound +9.0%/yr. Reported net income was ₹1.9B in FY2026, compounding +11.7%/yr from FY2022.
Key figures
Market cap ₹23.1B (≈ $239M) · P/E ratio 10.5 · P/S ratio 0.93 · EPS (TTM) ₹129.41 · Dividend yield 4.3% · Net margin 8.8% · Return on equity 19.7% · Return on assets (EBIT) 13.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 50 out of 100 (low confidence).
What moves the price
The share trades about 28% below its 52-week high and 9% above its 52-week low, currently below its 200-day average.
For context, the median of 10 Basic Materials peers we cover trades at −39% fair-value upside, at 6%, VEEDOL screens cheaper than that median.
Fair Value models
Bear ₹916.96Fair Value ₹1,437Bull ₹2,060
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹36.19 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+10.2%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+5.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+11.5%
Start year 2021 (pandemic)
’21
’22
’23
’24
’25
’26
What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Basis: EBIT basis. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
≈ +10.9%
Earnings growth per share plus dividend.
Earnings per share, growth per year+6.6%
Dividend (yield on the price)4.3%
Profit margin 2021 to 2026 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.12% → 9%
⚠ Rate on operating basis: 2026 sits 72% above its own trend.
Growth Forecast
Price in line with expectations
The price assumes about as much growth as the company has delivered so far.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+10.5%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect
n/a
No analyst forecast available.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +6.1% a year for the price.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Specialty Chemicals · 706 stocks
Beats the industry median on 13/14 measures
Overall it ranks above its industry peers.
Valuation
Quality Score75 · Top 25%
Fair Value upside+5.9% · Above median
Profitability
Return on equity (TTM)19.7% · Top 25%
Return on assets9.1% · Top 25%
Net margin (TTM)9.7% · Above median
Operating margin (TTM)14.8% · Top 25%
Growth and dividend
Revenue growth18.5% · Above median
Dividend yield (TTM)4.3% · Top 25%
Balance sheet
Debt / equity0.02× · Below median
Valuation Multiplesvs Specialty Chemicals median · lower = cheaper
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Is Veedol Corporation Limited (VEEDOL) overvalued or undervalued?
As of Oct 1, 2026, our model estimates a fair value of ₹1,437 versus a price of ₹1,357, about +6% upside (fairly valued).
What is the fair value of VEEDOL?
Our model-based fair value for Veedol Corporation Limited is ₹1,437 (as of Oct 1, 2026), built from audited fundamentals. The current price: ₹1,357.
What is the quality score of VEEDOL?
Veedol Corporation Limited has a Quality Score of 75/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Veedol Corporation Limited (VEEDOL)?
Our model-based price target is the fair value of ₹1,437 (as of Oct 1, 2026) from 26 valuation models. Cautious scenario ₹916.96, optimistic scenario ₹2,060. It is a calculation from audited fundamentals, not an analyst target.
What is the Veedol Corporation Limited stock forecast for 2026?
Our models put fair value at ₹1,437, about +6% upside versus a price of ₹1,357 (fairly valued). Cautious scenario ₹916.96, optimistic scenario ₹2,060. The calculation is refreshed regularly with new filings.
What is the revenue of Veedol Corporation Limited (VEEDOL)?
Veedol Corporation Limited reported trailing-twelve-month revenue of about ₹22.6B (latest available figure, as of Oct 1, 2026).
Does Veedol Corporation Limited pay a dividend?
Veedol Corporation Limited currently shows a dividend yield of about 4.28% relative to its recent price (as of Oct 1, 2026).
What growth is priced into Veedol Corporation Limited (VEEDOL)?
For today's price to be fair in a discounted-cash-flow model, Veedol Corporation Limited would have to grow free cash flow by +10.5 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +11.5 % per year. As of Oct 1, 2026.
What discount rate (WACC) does the fair value of VEEDOL use?
Our models discount Veedol Corporation Limited at 13.9 %: a base by market capitalisation (micro), damped by beta 0.55, country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Veedol Corporation Limited that is +10.5 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Veedol Corporation Limited (VEEDOL) delivered so far?
Over the past 5 years revenue at Veedol Corporation Limited grew +11.5 % a year. The price currently implies +10.5 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Veedol Corporation Limited (VEEDOL) growing?
The median revenue growth in the sector is +13.3 % a year. That is the yardstick for the growth priced into Veedol Corporation Limited (+10.5 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Veedol Corporation Limited (VEEDOL)?
The free-cash-flow yield on the price is 6.91 %: that much free cash flow Veedol Corporation Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Veedol Corporation Limited (VEEDOL)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Veedol Corporation Limited it is ₹1,437 per share (as of Oct 1, 2026), against a price of ₹1,357. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Veedol Corporation Limited stock overvalued or undervalued in 2026?
As of Oct 1, 2026, VEEDOL trades below its calculated fair value: price ₹1,357, fair value ₹1,437, a gap of about +6% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VEEDOL?
No. The price is what the market pays today (₹1,357); the fair value is what the company's own numbers justify (₹1,437). For Veedol Corporation Limited the two are ₹80.66 per share apart. That gap is exactly why we show both numbers side by side.
How much is Veedol Corporation Limited worth?
The market values Veedol Corporation Limited at about ₹23.1B (market capitalisation, as of Oct 1, 2026). Per share that is ₹1,357; our models calculate a fair value of ₹1,437 per share.
What do the bullish and bearish scenarios say about VEEDOL?
Our models span a range for Veedol Corporation Limited: cautious scenario ₹916.96, base ₹1,437, optimistic ₹2,060 per share (as of Oct 1, 2026, price ₹1,357). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VEEDOL?
Veedol Corporation Limited trades at a price-to-earnings ratio of 10.5 (as of Oct 1, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹1,437 is built from several models across several years. Other multiples: P/B 2.2, P/S 1.0, EV/EBITDA 8.5.
How solid is the balance sheet of Veedol Corporation Limited (VEEDOL)?
Balance-sheet figures for Veedol Corporation Limited (as of Oct 1, 2026): return on equity 19.7%, debt of 0.02 per unit of equity. They feed the Quality Score of 75/100, which measures business quality independently of the share price.
How far is VEEDOL from its 52-week high?
Veedol Corporation Limited trades at ₹1,357, about 28% below its 52-week high of ₹1,888 and 9% above the low of ₹1,246 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹1,437 is for.
Which stocks are comparable to Veedol Corporation Limited?
From the same area (Basic Materials) we also value Linde plc, The Sherwin-Williams Company, Ecolab Inc, Air Products and Chemicals, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Veedol Corporation Limited stock attractive at the current price?
The data as of Oct 1, 2026: price ₹1,357, calculated fair value ₹1,437 (+6%), Quality Score 75/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VEEDOL calculated?
We run Veedol Corporation Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹1,437, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Veedol Corporation Limited currently trades 6 % below its own fair value, and the market average says nothing about that. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Veedol Corporation Limited (VEEDOL)?
The closing price on Oct 1, 2026 was ₹1,357. Our model-based fair value is ₹1,437, about +6% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Veedol Corporation Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹916.96 to ₹2,060) leaves room in how you read the outcome.
Key figures of Veedol Corporation Limited
How large is the market capitalisation of Veedol Corporation Limited (VEEDOL)?
The market capitalisation of Veedol Corporation Limited is ₹23.1B (≈ $239M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Veedol Corporation Limited (VEEDOL)?
The price-to-sales ratio of Veedol Corporation Limited is 0.93 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Veedol Corporation Limited (VEEDOL)?
Earnings per share at Veedol Corporation Limited are ₹129.41 (price ÷ EPS = P/E 10.5). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Veedol Corporation Limited (VEEDOL)?
The dividend yield of Veedol Corporation Limited is 4.3% (payout 44.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Veedol Corporation Limited (VEEDOL)?
The net margin of Veedol Corporation Limited is 8.8% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Veedol Corporation Limited (VEEDOL)?
The return on equity (ROE) of Veedol Corporation Limited is 19.7% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Veedol Corporation Limited (VEEDOL)?
On an EBIT basis the return on assets of Veedol Corporation Limited is 13.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Veedol Corporation Limited (VEEDOL)?
The operating margin of Veedol Corporation Limited is 14.8% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Veedol Corporation Limited (VEEDOL)?
Revenue at Veedol Corporation Limited is growing +18.5% versus a year earlier (3y avg +5.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Veedol Corporation Limited (VEEDOL)?
Earnings per share at Veedol Corporation Limited are growing +56.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net cash does Veedol Corporation Limited (VEEDOL) hold?
Veedol Corporation Limited holds more cash than debt, ₹1.5B net (fiscal year 2026). The company holds more cash than debt, a safety cushion.
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