VADILALIND · Vadilal Industries Ltd · Food Processing
VADILALIND · Vadilal Industries Ltd · Food Processing
As of 05 Nov close
52-week range
15.7% below 52-week high
52-week range: as of 05 Nov 2026 close.
Price chartDaily closes on the stock page.
Weighted combination of 8 measured readings. Not a probability, a rating or a forecast.
Full signal detail →Fundamentals as of 15 Sep 2026 · the company's own latest record is 52 days old
Revenue (latest Q)
₹680 Cr
Revenue YoY
PAT YoY
+95.5%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
6
P/S (TTM)
3
Sector P/E
21.7
Dividend yield
+0.9%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| VADILALIND (this stock) | 20.7 | 6 | +13.1% | +25.8% | 0.27 | +0.9% |
| Nestle India | 71 | 50.7 | +15.6% | +73.9% | 0.09 | +0.9% |
| Britannia Industries | 47.6 | 24.1 | +13.3% | +51.0% | 0.27 | +1.8% |
| Tata Consumer Products | 67.4 | 4.9 | +8.1% | +7.4% | 4.18 | +0.9% |
Promoter
stable
FII
rising 1q
MF
0.05% (+0.04pp)
stable
Insider trades
No insider trades in the last 12 months.
Bulk/block deals
No bulk/block deals in the last 12 months.
News timeline
- unknownbusiness-standard.com· 11 Sept 2026, 06:57 amIce cream stocks scoop up 85% gains from 2026 lows; can RIL roil the party?
- mediumcorporate actionthehindubusinessline.com· 12 Aug 2026, 06:18 pmVadilal Industries Q1FY27 profit jumps by 96%; declares ₹17 interim dividend
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedVadilal Industries Limited reported a 9.47% increase in revenue from operations to ₹1109.54 crore in FY2025-26 compared to ₹1013.51 crore in the previous year. The company's profit before tax decreased to ₹132.13 crore from ₹152.99 crore, while net profit after tax fell to ₹98.01 crore from ₹113.88 crore. Management has recommended a dividend of ₹43 per share. The report highlights the company's strong legacy of awards and certifications, emphasizing its position as one of India's most trusted ice cream brands. Management discussed the Indian ice cream industry's growth drivers, including high milk availability, expanding cold-chain infrastructure, and changing consumer preferences. The company also noted challenges such as rising input costs and intense market competition, while maintaining a positive outlook for long-term growth.
- The company has a strong legacy of awards and certifications, reinforcing its position as one of India's most trusted ice cream brands.
- The Indian ice cream industry is experiencing growth driven by high milk availability, expanding cold-chain infrastructure, and changing consumer preferences.
- Management highlighted challenges such as rising input costs and intense market competition, but remains optimistic about long-term growth opportunities.
Key takeaway: Vadilal Industries Limited maintains a strong market position as a trusted ice cream brand, supported by industry growth drivers such as high milk availability and expanding cold-chain infrastructure, despite facing challenges like rising input costs and competitive pressures.
The following annual report excerpts provide qualitative strategic context. Do not treat any specific financial figures in these excerpts as authoritative — they may be incorrectly labeled due to PDF table extraction limitations. For precise financial data, refer to the structured fundamentals data above.
Governance disclosures
AI-generatedNeeds attention
Auditor Qualification (2 items)
Items of these kinds are disclosed in the filings. This is a count of disclosed items. It is not a finding about the company and its cause has not been independently established.
Auditor Qualification
2 occurrencesEarlier (1-3 years ago)
The auditor's report mentions an independent review initiated by the Board regarding allegations of personal expenses claimed as official business by two Promoter Directors in earlier years.
The auditor is unable to conclude the possible effects on the standalone financial statements due to pending reports on allegations between Promoter Directors regarding personal expenses claimed as official business expenditure, amounting to ₹ 0.25 crore for 2017-18 and 2018-19, and ₹ 0.25 crore from 2014-15 to 2018-19.
Routine disclosures
Internal Control Weakness
1 occurrenceEarlier (1-3 years ago)
The Company has a material weakness in internal financial controls over financial reporting as of March 31, 2024, related to the lack of controls to identify the nature of expenses and procedures for payments made for certain traveling expenses, due to counter allegations between Promoter Directors regarding personal expenses claimed as official business expenditure amounting to ₹ 0.25 crore.
Contingent Liability
3 occurrencesRecent (last 12 months)
Vadilal Industries Limited has contingent liabilities related to excise-related matters, income tax demands from erstwhile Vadilal Financial Services Limited (VFSL), disputed indirect tax cases, and other matters including vendor and authority cases, as well as differential custom duty under advance licence.
Earlier (1-3 years ago)
Vadilal Industries Limited has contingent liabilities including guarantees of ₹49.94 crore for borrowings by companies in which directors are interested, disputes with the Income Tax Department, Excise Department, and other authorities, and outstanding letters of credit and bank guarantees.
The company has contingent liabilities including guarantees of ₹31.00 crore for borrowings given to companies in which directors are interested, and various other pending appeals and disputes related to taxes and other matters.
Related-Party Transaction
3 occurrencesRecent (last 12 months)
The company seeks approval to renew a supply arrangement with Vadilal Enterprises Limited (VEL), a related party, for up to ₹1,373 crores over one year, described as repetitive, in the ordinary course of business, and on an arm's length basis.
Earlier (1-3 years ago)
The company discloses related party transactions as per Indian Accounting Standard 24, including key managerial personnel and entities over which they have significant influence.
The company discloses several related-party transactions involving Key Managerial Personnel (KMP) and their associated entities, including Vadilal Enterprises Ltd., Vadilal International Pvt. Ltd., Veronica Construction Pvt. Ltd., and others, where KMPs have significant influence over these entities.
Statutory dues in dispute
2 occurrencesEarlier (1-3 years ago)
The company has pending disputes and unpaid amounts related to Sales Tax, Additional Tax, and Penalty under various statutes, with amounts involved and unpaid in crores, pending in forums such as High Court, Sales Tax Tribunal, and various appellate courts as of March 31, 2025.
The company has unpaid dues related to Sales Tax, Duty of excise, Goods and Services Tax, and Income-tax, with amounts involved and unpaid in crores, pending in various forums including High Court and Tax Tribunals as of March 31, 2024.
Management & Board Governance
2 occurrencesRecent (last 12 months)
Mr. Preet P. Shah and Ms. Shaily J. Dedhia resigned as non-executive independent directors on May 13, 2025. Additionally, several directors and the CFO resigned on the same date, following NCLAT orders and board approvals.
Earlier (1-3 years ago)
Mr. Preet P. Shah and Ms. Shaily J. Dedhia resigned as non-executive independent directors effective May 13, 2025, following the reorganization of the board and NCLAT Order dated May 13, 2025.
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
7.66% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).