Trading IdeasFundamentals

Vadilal Industries Ltd

NSE: VADILALIND · Dairy Products · sector

Compare with peers
₹7,222.00NSE close 2026-10-27

Board meeting for results: 30 Oct 2026 (NSE event calendar; dates can change) · all upcoming results

Key numbers

Market cap₹5,193 cr
Price₹7,222.00
52w high / low₹8,447 / ₹3,996
P/E23.7xSector median 23.0x
P/B6.1xSector median 2.9x
Book value₹1,182.6
Dividend yield0.29%Sector median 0.34%
ROE30.3%Sector median 14.8%
ROCE32.6%Sector median 14.1%
OPM18.7%Sector median 4.2%
Debt / equity0.11xSector median 0.31x
EV/EBITDA16.7xSector median 14.7x
Interest cover18.1x
Current ratio3.00x
Sales growth 3y+12.4%Sector median +11.8%
Profit growth 3y+20.9%Sector median +29.7%
PEG1.37x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 15 companies in Dairy Products (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹7,781.00 · low ₹3,455.70
Sep 2024Apr 2025Oct 2025Apr 2026

Quarterly results

₹ crSep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Revenue296204274506341238416680
EBITDA612639100511185166
OPM %20.5%12.5%14.1%19.7%15.0%4.5%20.5%24.4%
Other income543575727
Net profit3912256738263131
EPS (₹)108.4616.6030.6193.1946.50-0.2276.32182.13
Revenue YoY+15.5%+16.8%+51.5%+34.4%
Profit YoY-3.1%-79.1%+155.7%+95.4%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ crFY22FY23FY24FY25FY26TTM
Revenue6981,0581,1251,2381,5031,675
EBITDA99163220238249313
Net profit4596146154170234
EPS (₹)62.19133.97203.05209.15215.78304.73
Revenue growth+51.6%+6.4%+10.0%+21.4%+30.9%
Profit growth+115.4%+51.5%+5.6%+10.4%+64.1%
Dividend / share (₹)–1.251.501.5021.00
Compounded growth3 years5 yearsLast 12 months
Sales+12.4%+26.5%+30.9%
Net profit+20.9%+105.6%+64.1%
EPS+17.2%+101.8%–
Share price–+35.8% (2y)+32.3%

Balance sheet

₹ crFY22FY23FY24FY25FY26
Shareholders' equity–397542695850
Borrowings–2051188291
Cash & equivalents–38645758
Total assets–8389171,0961,273
Fixed assets–309334342391
Capital work in progress–20121020
Investments–5665
Receivables–7797123177
Inventory–256229311336
Payables–9098135121

Year-end figures from the March annual filing.

Cash flow

₹ crFY22FY23FY24FY25FY26
Cash from operations3239192130143
Cash from investing-20-62-66-77-108
Cash from financing89-114-61-38
Capex2158021
Free cash flow11-19192128142

Free cash flow = cash from operations − capex.

Ratios by year

₹ crFY22FY23FY24FY25FY26
ROE %–24.2%26.9%22.2%20.0%
ROCE %–24.3%30.0%27.4%23.5%
Debtor days–27313643
Inventory days–167146188163
Payable days–58628159
Cash conversion cycle (days)–136115143147
Working capital days–427195103

Shareholding

Holder (% of shares)Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026Change since Sep 2025
Promoters64.73%–64.73%64.73%64.72%-0.01 pts
FIIs0.57%–0.58%1.02%1.41%+0.84 pts
DIIs0.47%–0.42%1.26%1.63%+1.16 pts
of which Mutual funds0.00%–0.00%0.00%0.11%+0.11 pts
Public (non-institutions)34.23%–34.27%32.99%32.24%-1.99 pts
No. of shareholders19,638–22,13319,04118,928-3.6%
PromotersFIIsDIIsPublic (non-institutions)
Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026Promoters Sep 2025: 64.73%Promoters Mar 2026: 64.73%Promoters Jun 2026: 64.73%Promoters Sep 2026: 64.72%FIIs Sep 2025: 0.57%FIIs Mar 2026: 0.58%FIIs Jun 2026: 1.02%FIIs Sep 2026: 1.41%DIIs Sep 2025: 0.47%DIIs Mar 2026: 0.42%DIIs Jun 2026: 1.26%DIIs Sep 2026: 1.63%Public (non-institutions) Sep 2025: 34.23%Public (non-institutions) Mar 2026: 34.27%Public (non-institutions) Jun 2026: 32.99%Public (non-institutions) Sep 2026: 32.24%
Promoter group%
Vadilal International Private Limited39.09%
Devanshu L Gandhi4.81%
Vadilal Finance Company Private Ltd4.57%
IVG Trust(through ITS Trustee Janmajay Gandhi)3.71%
Veronica Construction PVT Ltd3.40%
Rajesh Ramchandra Gandhi3.17%
Mamta Rajesh Gandhi1.70%
Gandhi Virendra Ramchandra HUF1.67%
Rajesh R Gandhi HUF0.87%
Deval Devanshu Gandhi0.82%
Janmajay Gandhi0.21%
Hemali Piyushbhai Surati0.16%
Vadilal Marketing Private Limited0.14%
Byad Packaging Industries PVT Ltd0.14%
Axilrod Private Limited0.14%
Public holders above 1%%
Investor Education and Protection Fund Authority Ministry of Corporate Affairs1.46%
PSL Limited1.40%
Nirankar Advisor LLP1.14%

18,928 shareholders. Pledged: 7.52% of promoter shares.

From the company's quarterly shareholding-pattern filings on the exchange (NSE/BSE), latest as of Sep 2026. "pts" = percentage points; the number of shareholders is as filed by the company. No filing on our file for Dec 2025 (shown as –).

Peers in Dairy Products

CompanyMarket capP/EP/BROEROCEOPMSales 3yDiv yield
HATSUN₹21,569 cr58.7x10.9x19.2%18.6%10.8%+11.2%0.62%
MILKYMIST₹19,256 cr–––––––
KWIL₹8,225 cr–12.2x-54.9%-54.8%-10.0%––
DODLA₹5,968 cr24.4x3.6x15.9%15.1%6.7%+13.6%0.21%
VADILALIND₹5,193 cr23.7x6.1x30.3%32.6%18.7%+12.4%0.29%
HERITGFOOD₹3,305 cr28.7x2.9x10.5%12.1%5.1%+11.8%0.70%
PARAGMILK₹3,031 cr23.0x2.4x11.3%13.1%6.7%+9.7%0.40%
VADILENT₹817 cr15.1x24.7x49.3%28.8%3.0%+9.4%0.02%
SCPL₹607 cr29.2x3.9x14.8%17.4%11.6%––
MLKFOOD₹230 cr3.6x1.0x22.6%21.4%2.5%-4.0%–

All 15 companies in Dairy Products →

Dividends & corporate actions

Ex-dateActionDetail
2026-09-03DividendDividend - Rs 43 Per Share
2026-08-21DividendInterim Dividend - Rs 17 Per Share
2025-09-12DividendDividend - Rs 21 Per Share
2024-09-19DividendDividend - Rs 1.50 Per Share
2024-09-19OtherAnnual General Meeting
2023-09-14DividendDividend - Rs 1.50 Per Share
2023-09-14OtherAnnual General Meeting
2022-09-21DividendAnnual General Meeting/Dividend - Rs 1.25 Per Share
2021-09-08OtherAnnual General Meeting
2020-09-17OtherAnnual General Meeting
2019-09-19DividendDividend - Rs 1.25 Per Share
2018-09-12DividendDividend Rs 1.25 Per Share
2018-09-12DividendDividend Rs 1.25 Per Share
2017-09-14DividendAnnual General Meeting/Dividend - Rs 1.25 Per Share
2016-09-14DividendAnnual General Meeting/ Dividend - Rs 1.25 Per Share
2015-09-15DividendAnnual General Meeting/ Dividend - Re 1/- Per Share
2014-09-11DividendAnnual General Meeting And Dividend Re.1/- Per Share
2013-09-12DividendAnnual General Meeting/Dividend Rs 1.50/- Per Share
2012-09-12DividendAnnual General Meeting And Dividend Rs.1.50 Per Share
2011-09-12DividendDividend-Rs.1.50 Per Share

Latest filings

Filed by the company on NSE in the last 3 months (routine notices left out). The text under each title is a short extract of the company's own filing; the link opens the full original file on the NSE website. Fetched 27 Oct 2026.

Documents

Links go to the original files on the exchange website.

About the company

SectorFast Moving Consumer Goods
IndustryDairy Products
Sub-industryDairy Products
SymbolVADILALIND
BSE code519156
ISININE694D01016
Face value₹10.0
Incorporated1982-04-28
Websitewww.vadilalgroup.com
Plants (India / abroad)3 / 0

From the company's filings (BRSR FY26).

Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-27.