VADILALINDFast Moving Consumer Goods

Vadilal Industries Limited

Dairy Products · ISIN INE694D01016 · BSE 519156 · NSE EQ · FV ₹10
Last price
₹7,101
-0.77%today
What this company does

Vadilal Industries Limited operates in Dairy Products, part of the Fast Moving Consumer Goods sector. It booked ₹680 cr of revenue in its latest quarter (Q1 FY27) and kept 19.2% of sales as profit. It is the 5th largest of 8 Dairy Products companies we track, by market value.

In the report:
71out of 100
Equitytale Health Score
Solid

Healthier than 71% of companies in Fast Moving Consumer Goods, on all six measures of filed financials. Each measure is ranked against the 27–149 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
43

At close. Not part of the score.

Profitability & returns95

How much profit it earns on the money it employs

Balance sheet78

How much it owes, and whether earnings cover the interest

Cash quality55

Whether reported profit actually arrives as cash

Growth & consistency76

Whether sales and profit have grown, and how steadily

Valuation29

What today's price implies, against our models or its peers

Governance & risk73

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 19% net margin
Sales up 34% vs last year
Profit up 95% vs last year
Promoters hold 65%
Strong 62% return on equity
Turns profit into real cash
Watch-outs
! 7.5% of promoter stake pledged

What if I invest in VADILALIND?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹7,101 -0.77%
latest close · 2026-09-17
1-year return
+548.4%
52-wk low ₹82452-wk high ₹8,447
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio9.7Low
LowAverageHigh
P/B ratio6.00High
Below bookModerateHigh
EV / EBITDA6.7Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity61.6%Strong
WeakFairStrong ▸15%
Return on capital67.1%Strong
WeakFairStrong
Net margin19.2%Strong
ThinDecentStrong
EBITDA margin28.4%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.11Comfortable
LowModerateHigh ▸1
Interest cover40.1×Strong
RiskyOkayStrong ▸5×
Current ratio3.00Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹5,106 cr
Book value
₹1,183
EPS
₹182.13
latest quarter
Net debt
₹54 cr
owes more than its cash
Enterprise value
₹5,160 cr
EBITDA
₹774 cr
annualised
EBIT
₹712 cr
annualised
Operating margin
26.2%
Return on assets
41.1%
Earnings yield
10.26%
P/S
1.88
Sales / share
₹3,783.4
Tax rate
24.6%
Face value
₹10
Shares
0.7 cr
Working capital
₹423 cr
Current assets
₹635 cr
Current liabilities
₹211 cr
Delivery %
47.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedHigh confidence
Median of 3 models ₹3,432 vs market price ₹7,101 — price is 107% above it
Safety cushion-106.9%(target ≥ +20%)
Models span ₹2,250₹3,618, midpoint ₹3,432
Model ₹3,432
Price ₹7,101
Cheap sideExpensive side

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹680 cr
Other Income₹27 cr
Total Income₹707 cr
Cost of Materials₹324 cr
Purchases of Stock-in-Trade₹5 cr
Inventory Change (±)₹39 cr
Employee Benefit Expense₹45 cr
Finance Costs₹4 cr
Depreciation & Amortisation₹15 cr
Other Expenses₹100 cr
Total Expenses₹534 cr
Profit before Tax₹174 cr
Tax Expense₹43 cr
Net Profit₹131 cr
Net margin on total income18.5%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹369 cr52.1%
Employee benefit expense₹45 cr6.4%
Finance costs₹4 cr0.6%
Depreciation & amortisation₹15 cr2.2%
Other expenses₹100 cr14.1%
Tax expense₹43 cr6.0%
Profit for the period₹131 cr18.5%
Total income ₹707 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue238 cr416 cr680 cr
Total income243 cr423 cr707 cr
Expenses243 cr344 cr534 cr
Profit before tax-6 L78 cr174 cr
Tax9 L19 cr43 cr
Net profit (owners' share)2 cr68 cr131 cr
Net margin (owners' share, on revenue)1.0%16.3%19.2%
EPS (₹)-0.2283.10182.13
YoY (latest quarter): total income +38.6% · net profit +95.4%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹1,273 cr
Shareholder equity
₹850 cr
parent shareholders
Total debt
₹91 cr
Cash
₹37 cr
Cash flow · H1 FY26
Operating
₹137 cr
Investing
₹-100 cr
Financing
₹-24 cr
Peer comparison
Dairy Products · by market value
CompanyPriceMarket capP/E
Hatsun Agro Product Limited₹1,182₹26,326 cr108.6
Milky Mist Dairy Food Limited₹275₹17,662 cr68.0
Kwality Wall's (India) Limited₹40₹9,379 cr45.4
Dodla Dairy Limited₹1,050₹6,332 cr38.9
Vadilal Industries Limitedthis company₹7,101₹5,106 cr9.7
Heritage Foods Limited₹405₹3,762 cr37.3
Parag Milk Foods Limited₹265₹3,308 cr37.6
Sheetal Cool Products Limited₹626₹657 cr23.5
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.84%
trailing 12 months
Dividend / share (TTM)
₹60
Last dividend
₹43
ex 3 Sep 2026
ActionDetailEx-date
Dividend₹43 / share3 Sep 2026
Dividend₹17 / share21 Aug 2026
Dividend₹21 / share12 Sep 2025
Dividend₹1.5 / share19 Sep 2024
Dividend₹1.5 / share14 Sep 2023
Dividend₹1.25 / share21 Sep 2022
Who owns it · 2026-06-30
7.5% pledged
Promoter
64.7%
FII / Foreign
1.0%
DII / Domestic
1.3%
Retail / others
33.0%
Smart-money activity
Insider trades
BoughtJAINAA GANDHI · Promoter Group100 · ₹4.9 cr18 Feb 26
BoughtDEVANSHU L GANDHI · Promoters4,2414 Dec 19
Bulk / block deals
short · NSE517 Aug 26
BoughtPSL LIMITED · NSE1.18 L @ ₹4,581.226 Feb 26
SoldKIFS ENTERPRISE · NSE92,000 @ ₹4,578.476 Feb 26
Stake changes
SoldVirendrabhai Ramchandra Gandhi · promoter→ 0.00% · 2.67 L19 Aug 26
SoldVirendrabhai Ramchandra Gandhi · promoter→ 0.00% · 56,06418 Jul 26
BoughtIVG Trust · promoter→ 93.97% · 56,06418 Jul 26
Promoter pledges
PledgedBajaj Finance Ltd.1.22 L · 0.00% held27 Aug 24
PledgedBajaj Finance Ltd2.28 L · 0.00% held21 Aug 24
PledgedKotak Mahindra Bank Ltd6,000 · 0.00% held3 Feb 22
What shareholders were asked to approve
2 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 10 Sep 2026
See the official result
1
Adoption of Standalone and Consolidated Audited Financial Statements for the year ended on 31st March, 2026
Backed by 100% of shareholders other than promotersneeded 50%
2.53 L votes for, 56 against · 0% of mutual funds and other big investors said no
2
Declaration of dividend on equity shares for the financial year 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
2.53 L votes for, 5 against · 0% of mutual funds and other big investors said no
3
Re-appointment of Mr. Janmajay V. Gandhi (DIN: 02891386) as Director of the Company, retiring by rotation
Backed by 100% of shareholders other than promotersneeded 50%
2.53 L votes for, 6 against · 0% of mutual funds and other big investors said no
4
omnibus approval of Renewal of Sale and Purchase Agreement with Vadilal Enterprises Limited, Material Related Party Transaction:
Promoters had a personal stake in this
Backed by 100% of shareholders other than promotersneeded 50%
2.53 L votes for, 56 against · 0% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 22 named members
owning 64.7% between them · as of 2026-06-30
VADILAL INTERNATIONAL PVT LTD39.09%
DEVANSHU LAXMANBHAI GANDHI4.81%
VADILAL FINANCE COMPANY PVT LTD4.57%
VERONICA CONSTRUCTIONS PVT LTD3.40%
RAJESH RAMCHANDRA GANDHI3.17%
VIRENDRA RAMCHANDRA GANDHI2.21%
MAMTA RAJESH GANDHI1.70%
GANDHI VIRENDRA RAMCHANDRA HUF1.67%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.