Veedol Corporation Limited (VEEDOL) - Net Assets
Based on the latest financial reports, Veedol Corporation Limited (VEEDOL) has net assets worth Rs9.77 Billion INR (≈ $105.69 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs13.29 Billion ≈ $143.74 Million USD) and total liabilities (Rs3.52 Billion ≈ $38.05 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check how tangible is Veedol Corporation Limited's equity to evaluate the tangible quality of the company's equity base.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs9.77 Billion |
| % of Total Assets | 73.53% |
| Annual Growth Rate | 5.55% |
| 5-Year Change | N/A |
| 10-Year Change | N/A |
| Growth Volatility | 4.82 |
Veedol Corporation Limited - Net Assets Trend (2021–2025)
This chart illustrates how Veedol Corporation Limited's net assets have evolved over time, based on quarterly financial data. See defensive interval ratio of Veedol Corporation Limited to measure how many days the company can operate on defensive assets alone.
Annual Net Assets for Veedol Corporation Limited (2021–2025)
The table below shows the annual net assets of Veedol Corporation Limited from 2021 to 2025. For live valuation and market cap data, see Veedol Corporation Limited (VEEDOL) market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs9.14 Billion ≈ $98.85 Million |
+10.46% |
| 2024-03-31 | Rs8.27 Billion ≈ $89.49 Million |
+8.25% |
| 2023-03-31 | Rs7.64 Billion ≈ $82.67 Million |
+6.19% |
| 2022-03-31 | Rs7.20 Billion ≈ $77.85 Million |
-2.27% |
| 2021-03-31 | Rs7.37 Billion ≈ $79.66 Million |
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Equity Component Analysis
This analysis shows how different components contribute to Veedol Corporation Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 25.2% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs8.21 Billion | 89.79% |
| Common Stock | Rs34.00 Million | 0.37% |
| Other Components | Rs898.80 Million | 9.83% |
| Total Equity | Rs9.14 Billion | 100.00% |
Veedol Corporation Limited Competitors by Market Cap
The table below lists competitors of Veedol Corporation Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
OVB Holding AG
XETRA:O4B
|
$275.06 Million |
|
Ramco Industries Limited
NSE:RAMCOIND
|
$275.13 Million |
|
Shenzhen Institute of Building Research Co Ltd Class A
SHE:300675
|
$275.14 Million |
|
NI Holdings Inc
NASDAQ:NODK
|
$275.19 Million |
|
Xuchang Ketop Testing Research Ins
SHE:003008
|
$275.00 Million |
|
Blue Foundry Bancorp
NASDAQ:BLFY
|
$274.88 Million |
|
NICE Holdings Co. Ltd
KO:034310
|
$274.84 Million |
|
Shanghai Hile Bio-tech
SHG:603718
|
$274.74 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Veedol Corporation Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 8,274,900,000 to 9,140,500,000, a change of 865,600,000 (10.5%).
- Net income of 19,727,887 contributed positively to equity growth.
- Dividend payments of 10,591,683 reduced retained earnings.
- Other factors increased equity by 856,463,796.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs19.73 Million | +0.22% |
| Dividends Paid | Rs10.59 Million | -0.12% |
| Other Changes | Rs856.46 Million | +9.37% |
| Total Change | Rs- | 10.46% |
Book Value vs Market Value Analysis
This analysis compares Veedol Corporation Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 2.78x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 3.54x to 2.78x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2021-03-31 | Rs422.73 | Rs1496.40 | x |
| 2022-03-31 | Rs413.13 | Rs1496.40 | x |
| 2023-03-31 | Rs438.71 | Rs1496.40 | x |
| 2024-03-31 | Rs486.91 | Rs1496.40 | x |
| 2025-03-31 | Rs537.84 | Rs1496.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Veedol Corporation Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 0.22%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.10%
- • Asset Turnover: 1.57x
- • Equity Multiplier: 1.37x
- Recent ROE (0.22%) is below the historical average (13.75%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2021 | 19.19% | 11.25% | 1.21x | 1.41x | Rs676.74 Million |
| 2022 | 17.07% | 8.01% | 1.48x | 1.44x | Rs509.27 Million |
| 2023 | 14.99% | 6.19% | 1.69x | 1.44x | Rs381.40 Million |
| 2024 | 17.27% | 7.41% | 1.68x | 1.39x | Rs601.81 Million |
| 2025 | 0.22% | 0.10% | 1.57x | 1.37x | Rs-894.32 Million |
Industry Comparison
This section compares Veedol Corporation Limited's net assets metrics with peer companies in the Specialty Chemicals industry.
Industry Context
- Industry: Specialty Chemicals
- Average net assets among peers: $4,415,309,840
- Average return on equity (ROE) among peers: 15.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Veedol Corporation Limited (VEEDOL) | Rs9.77 Billion | 19.19% | 0.36x | $275.03 Million |
| Aarti Industries Limited (AARTIIND) | $3.75 Billion | 25.25% | 1.91x | $1.91 Billion |
| Aarti Surfactants Limited (AARTISURF) | $1.36 Billion | 4.04% | 1.96x | $35.50 Million |
| ABM International Limited (ABMINTLLTD) | $148.54 Million | -22.96% | 1.64x | $4.23 Million |
| Advanced Enzyme Technologies Limited (ADVENZYMES) | $8.67 Billion | 14.91% | 0.13x | $452.18 Million |
| Aether Industries Limited (AETHER) | $3.87 Billion | 28.16% | 0.99x | $1.66 Billion |
| Akzo Nobel India Limited (AKZOINDIA) | $8.48 Billion | 17.72% | 1.40x | $1.60 Billion |
| Alkali Metals Limited (ALKALI) | $293.96 Million | 25.87% | 0.91x | $9.63 Million |
| Alkyl Amines Chemicals Limited (ALKYLAMINE) | $11.69 Billion | 19.56% | 0.36x | $990.72 Million |
| Ami Organics Limited (AMIORG) | $822.19 Million | 28.33% | 1.59x | $1.18 Billion |
| Anupam Rasayan India Limited (ANURAS) | $5.07 Billion | 9.71% | 1.61x | $1.58 Billion |
About Veedol Corporation Limited
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 compris… Read more