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Veedol Corporation Limited (VEEDOL) Fair Value & Analysis

Basic Materials · IN · Market cap ₹24.8B

VC Veedol Corporation Limited VEEDOL · NSE
Price₹1,522
Fair Value₹1,666
Upside+9.5%
Quality75/100
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Healthy Growth
Thin margins · 8.8% net margin
Low debt · generates free cash flow
3.97% dividend yield
Ranks above peers (13/14)
Moderate moat 53/100
Evidence: High Range ₹1,081 – ₹2,075 Share as image

Fair value as of: Aug 13, 2026

From 26 valuation models · updated 4 days ago

Fair value updated Aug 13, 2026, revised from ₹1,781 to ₹1,666 (−6.5%) since Aug 9, 2026. Share price +8.0% over the past month.

A strong business, currently priced close to our fair value.

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What matters now

  • The price sits close to our fair value, market and models broadly agree here, little valuation tension.
  • A fairly wide model range (₹1,081 to ₹2,075) leaves room in how you read the outcome.
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Price vs Fair Value (5 years)

₹2,960 ₹737.68 Fair Value ₹1,666 Apr 2021 Aug 2026

White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.

How to read this chart

60‑month range ₹737.68 – ₹2,960 · fair‑value band ₹1,081 – ₹2,075 · the ₹1,522 price screens below the ₹1,666 fair value. Dashed = 300-day average. As of Aug 13, 2026.

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Analysis

Veedol Corporation Limited (VEEDOL) currently trades at ₹1,522, while our model-based Fair Value estimate is ₹1,666, implying the stock looks roughly 9.5% fairly valued today. The Quality Score stands at 75/100 (high quality), in the Basic Materials sector. Bull case: trading below our estimate, it may offer upside if the fundamentals hold. Bear case: a low price can be a value trap when quality is weak or the data is thin (evidence: high), always confirm before acting.

Over the trailing twelve months, Veedol Corporation Limited generated revenue of ₹21.7B at a net margin of 8.8%. Revenue grew 13.9% year over year. It earns a return on equity of 19.7%. The balance sheet holds a net cash position of ₹1.5B. Fundamentals as of Aug 13, 2026

Our scenario range runs from ₹1,081 (bear case) to ₹2,075 (bull case); at ₹1,522, the current price sits within that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 24% below its 52-week high and 23% above its 52-week low, currently below its 200-day average. For context, the median of 10 Basic Materials peers we cover trades at -68% fair-value upside, at 10%, VEEDOL screens cheaper than that median.

Fair Value models

Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.

Model 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. Evidence
Highest evidence
Growth DCF ₹1,231 ₹1,978 ₹3,188 80
Residual Income ₹727.64 ₹920.48 ₹2,649 76
Rev-Margin DCF ₹1,136 ₹1,834 ₹2,688 74
All 26 models by family
DCF Models
FCF DCF ₹1,226 ₹2,003 ₹3,275 38
Owner Earnings ₹1,454 ₹2,388 ₹3,915 31
5Y Revenue Exit ₹1,136 ₹1,842 ₹2,771 39
5Y EBITDA Exit ₹1,073 ₹1,718 ₹2,493 41
5Y P/E Exit ₹1,337 ₹2,237 ₹3,226 38
10Y Revenue Exit ₹1,124 ₹1,792 ₹2,751 36
10Y EBITDA Exit ₹1,116 ₹1,703 ₹2,528 37
10Y P/E Exit ₹1,287 ₹2,073 ₹3,115 35
Earnings-Based
Graham-Dodd ₹766.71 ₹2,996 ₹4,066 54
Lynch FV ₹737.17 ₹1,053 ₹1,369 50
PEG = 1.0 ₹737.17 ₹1,053 ₹1,369 46
EPV ₹907.26 ₹1,044 ₹1,163 59
Dividend Discount
Gordon GGM ₹546.00 ₹1,135 ₹1,801 70
DDM Multi-Stage ₹546.00 ₹957.26 ₹1,191 61
Multiples
P/E Multiple ₹1,438 ₹1,917 ₹2,396 63
P/S Multiple ₹1,436 ₹1,914 ₹2,393 58
P/B Multiple ₹1,371 ₹1,828 ₹2,285 55
EV/EBIT ₹1,280 ₹1,677 ₹2,074 53
EV/EBITDA ₹1,091 ₹1,425 ₹1,758 54
EV/Revenue ₹1,122 ₹1,564 ₹2,006 43
Asset-Based
NCAV (Graham) ₹304.68 ₹408.28 ₹609.37 50
Growth DCF
Growth DCF ₹1,231 ₹1,978 ₹3,188 80
Rev-Margin DCF ₹1,136 ₹1,834 ₹2,688 74
Economic Profit
Residual Income ₹727.64 ₹920.48 ₹2,649 76
ROIC Compounder ₹989.83 ₹1,283 ₹1,664 72
Growth Earnings
Growth-Adj P/E ₹1,168 ₹1,668 ₹2,169 68

Widest divergence: DCF Models (₹1,842) versus Asset-Based (₹408.28). Highest evidence: Growth DCF (80).

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Key figures & financial health

Revenue (TTM) ₹21.7B
Revenue growth (YoY) +13.9%
Net margin 8.8%
Return on equity 19.7%
Free cash flow ₹1.6B FY2026
P/E ratio 13.5
More key figures
Operating margin 8.7%
EPS (TTM) ₹112.81
Dividend yield 4.0%
EPS growth (YoY) -3.7%
Net cash ₹1.5B FY2026

Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.

Quality Score breakdown

Overall quality 75/100

Of which business quality 74 · Market factors (momentum, volatility) 53

Profitability 78
Margins and returns on capital today
Quality Growth 77
Are margins and returns improving?
Cashflow 48
Earnings quality: real cash, not paper profit
Fin. Strength 88
Balance sheet, leverage, solvency risk
Investment 68
Disciplined investing over empire-building
Low Volatility 89
Calm price path (market factor)
Momentum 40
Price trend over the last 3–12 months (market factor)
52W Momentum 33
Distance to the 52-week high (market factor)
Net Issuance 86
Buybacks instead of dilution

Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.

About the company

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.

Full company description

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.

Company description, as reported by the company or data provider.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Growth Quality 84/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Latest Revenue (FY 2026)
₹21.7B
Latest YoY
+10.2%
Avg. growth/yr (3Y) 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.
+5.4%
Avg. growth/yr (5Y) 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.
+11.5%
Revenue +9.0%/yr
FY22 ₹15.3B
FY23 ₹18.5B
FY24 ₹19.3B
FY25 ₹19.7B
FY26 ₹21.7B
Net income +11.7%/yr
FY22 ₹1.2B
FY23 ₹1.1B
FY24 ₹1.4B
FY25 ₹19.7M
FY26 ₹1.9B

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Cite: Fair Value Calculator (2026). "Veedol Corporation Limited Fair Value". https://www.fairvalue-calculator.com/stock/VEEDOL

Peer Group

Specialty Chemicals · 672 stocks

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.

Quality Score 75 · Top 25%
Fair Value upside +10% · Above median
Return on equity (TTM) 20% · Top 25%
Return on assets 9% · Top 25%
Net margin (TTM) 9% · Above median
Operating margin (TTM) 9% · Above median
Revenue growth 14% · Above median
Dividend yield (TTM) 4.0% · Top 25%
Debt / equity 0.02× · Lower than median

Valuation Multiples vs Specialty Chemicals median · lower = cheaper

P/E (TTM) 13.5× · Cheaper than 75% of peers
P/B 2.39× · Pricier than median
P/S (TTM) 1.14× · Cheaper than median
P/FCF 0.2× · Cheaper than 75% of peers
EV/EBITDA 10.3× · Cheaper than median

Snowflake

Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.

VALUE 46 · sector 0
FUTURE 70 · sector 18
PAST 79 · sector 23
HEALTH 99 · sector 95
DIVIDEND 79 · sector 31

Values & ESG

Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.

None of the checked exposures detected

ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.

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Solar Industries India Limited SOLARINDS ₹18,730 ₹2,793 -85%
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PT Chandra Asri Pacific Tbk TPIA 2,160 IDR 2,322 IDR +8%
Berger Paints India Limited BERGEPAINT ₹559.80 ₹154.46 -72%
Gujarat Fluorochemicals Limited FLUOROCHEM ₹4,566 ₹836.47 -82%
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Frequently asked questions

Is Veedol Corporation Limited (VEEDOL) overvalued or undervalued?
As of Aug 13, 2026, our model estimates a fair value of ₹1,666 versus a price of ₹1,522, about +10% (fairly valued).
What is the fair value of VEEDOL?
Our model-based fair value for Veedol Corporation Limited is ₹1,666 (as of Aug 13, 2026), built from audited fundamentals. The current price is ₹1,522.
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 revenue of Veedol Corporation Limited (VEEDOL)?
Veedol Corporation Limited reported trailing-twelve-month revenue of about ₹21.7B (latest available figure, as of Aug 13, 2026).
What is the net profit margin of VEEDOL?
The net profit margin of Veedol Corporation Limited is about 8.8%, meaning it keeps roughly 8.8% of revenue as net income. Based on the latest reported figures.
Does Veedol Corporation Limited pay a dividend?
Veedol Corporation Limited currently shows a dividend yield of about 3.97% relative to its recent price (as of Aug 13, 2026).

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.

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