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Swing Capital

Veljan Denison Ltd

NSE: VELJAN BSE: 505232Energy

Incorporated in 1973, Veljan Denison Ltd manufactures Hydraulic Pumps, Motors, Valves and Custom Built Power Packs[1]

₹1,006
52W: ₹752 — ₹1452
PE 18.7 · Book ₹510 · +97% vs book
Market Cap₹453 Cr
Stock P/E18.7Price to Earnings
ROCE14.3%Return on Capital
ROE10.7%Return on Equity
Div. Yield0.85%Face Value ₹10

Strengths

  • +Company is almost debt free.
  • +Company has been maintaining a healthy dividend payout of 18.6%

Weaknesses

  • −The company has delivered a poor sales growth of 11.3% over past five years.
  • −Company has a low return on equity of 9.93% over last 3 years.

Shareholding Pattern

Promoters74.98%
FIIs0%
DIIs0.01%
Public25.02%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.98%74.98%74.98%74.98%74.98%74.98%74.98%74.98%
FIIs0%0%0%0%0%0%0%0%
DIIs0%0.01%▲0.00.01%0.01%0.01%0.01%0.01%0.01%
Public25.02%25%▼0.025.02%▲0.025.02%25.01%▼0.025.02%▲0.025.02%25.02%

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales31.0531.5133.4333.6733.9636.4237.5438.5335.7232.91
Expenses24.2323.6925.4526.2625.7427.3128.8528.1925.9625.29
Operating Profit6.827.827.987.418.229.118.6910.349.767.62
OPM %21.96%24.82%23.87%22.01%24.2%25.01%23.15%26.84%27.32%23.15%
Net Profit4.325.315.555.015.566.115.797.116.644.64
EPS ₹9.611.812.3311.1312.3613.5812.8715.814.7610.31

AI Insights

Revenue Trend

TTM revenue at ₹145Cr, up 2.1% YoY. OPM at 25%.

Debt Position

Borrowings at ₹8Cr. Debt-to-equity ratio: 0.04x. Healthy balance sheet.

Capex Cycle

CWIP at ₹2Cr (2% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 0.01% (+0.01pp change). FIIs: 0% (+0.00pp change). Promoters hold 74.98%.

Margin & Efficiency

ROCE improving from 14% (Mar 2014) to 14% (Mar 2025). Working capital days: 205.

Valuation

PE 18.7x with 14.3% ROCE. Price is 97% above book value of ₹510. Dividend yield: 0.85%.

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