VEEDOL · Veedol Corporation Ltd · Oil & Gas Operations
VEEDOL · Veedol Corporation Ltd · Oil & Gas Operations
As of 06 Nov close
52-week range
25.7% below 52-week high
52-week range: as of 06 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)
₹609 Cr
Revenue YoY
PAT YoY
+56.9%
Operating margin
Revenue, last 8 quarters
P/E (TTM)
P/B
2.7
P/S (TTM)
1.1
Sector P/E
20.6
Dividend yield
+4.1%
| Company | P/E | P/B | Net margin | ROE | D/E | Div. yield |
|---|---|---|---|---|---|---|
| VEEDOL (this stock) | 11.2 | 2.7 | +9.7% | +21.2% | 0.02 | +4.1% |
| Reliance Industries | 23.4 | 3.5 | +6.6% | +8.3% | 0.44 | +0.5% |
| Oil and Natural Gas Corporation | 6.8 | 0.9 | +6.2% | +11.7% | 0.47 | +5.7% |
| Oil India | 8.1 | 1.4 | +20.3% | +14.4% | 0.65 | +2.4% |
Promoter
stable
FII
stable
MF
0.11% (+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
No related news.
Concalls & investor presentations
AI-generatedNo concall transcripts or investor presentations recorded yet.
AI Summary of Annual Report
AI-generatedVeedol Corporation Limited's FY2025-26 annual report highlights its focus on growth in biodegradable and synthetic lubricants amid industry trends toward sustainability. The company faces challenges like fluctuating crude oil prices and stricter environmental regulations, which increase operational costs. The report notes that the company's equity investments in subsidiaries are under impairment review due to the subsidiaries' net worth being lower than the carrying amount of the investments. Additionally, the company has several indirect tax disputes pending, though management assesses the likelihood of cash outflows as remote. The company maintains adequate internal financial controls and has no defaults in statutory dues.
- The company is capitalizing on growing demand for biodegradable and synthetic lubricants driven by environmental regulations and technological advancements.
- Fluctuating crude oil prices and stricter environmental regulations are increasing operational costs and necessitating R&D investments.
- Equity investments in subsidiaries are under impairment review due to lower subsidiary net worth compared to the carrying amount of the investments.
- Several indirect tax disputes are pending, though management assesses the likelihood of cash outflows as remote.
- The company maintains adequate internal financial controls and has no defaults in statutory dues.
Key takeaway: Veedol Corporation Limited is navigating a challenging landscape with rising costs and regulatory pressures, while focusing on growth in eco-friendly lubricants, but faces risks related to tax disputes and potential asset impairments.
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
Default / Covenant Breach (2 items); Investigation or enforcement mention (1 item)
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.
Default / Covenant Breach
2 occurrencesRecent (last 12 months)
The company has loans with no stipulated repayment schedule, and no fresh loans were granted to settle existing overdue loans.
Earlier (1-3 years ago)
The company has a loan to Tide Water Oil Company (India) Limited Employee Benefit Trust with no stipulated repayment schedule, and it is unclear if this loan fell due during the year and was renewed/extended.
Investigation or enforcement mention
1 occurrenceEarlier (1-3 years ago)
The company received an anonymous whistleblower complaint during 2024-25, which was addressed by the Audit Committee and evaluated, with no impact on financial statements.
Routine disclosures
Contingent Liability
2 occurrencesRecent (last 12 months)
The company had one pending complaint as of 31 March 2026, which was disposed of on 4 May 2026.
Earlier (1-3 years ago)
The company has loans and guarantees outstanding to promoters and subsidiaries, with specific details provided in the financial statements notes. A loan to Tide Water Oil Company (India) Limited Employee Benefit Trust lacks a repayment schedule, making it difficult to assess regularity of repayments.
Related-Party Transaction
2 occurrencesRecent (last 12 months)
During 2025-26, the company entered into transactions worth ₹278.47 crores with Standard Greases & Specialities Private Limited (SGSPL), a joint promoter, and ₹365.74 crores with ENEOS VCL India Private Limited, an associate company, exceeding regulatory thresholds.
Earlier (1-3 years ago)
The company entered into transactions worth ₹329.26 crores with Standard Greases & Specialities Pvt. Ltd., a joint promoter, during the year 2024-25.
Management & Board Governance
1 occurrenceRecent (last 12 months)
Mr. Saptarshi Ganguly, Company Secretary (KMP) resigned during FY 2025-26 and was relieved on 10th October, 2025. Mr. Abhijit Tikekar was appointed as Company Secretary (KMP).
Promoter Share Pledge
1 occurrenceRecent (last 12 months)
2.58% of promoter holding pledged (quarter 2026-Q3 as of 2026-07-18).