VESUVIUSCapital Goods

Vesuvius India Limited

Electrodes & Refractories · ISIN INE386A01023 · BSE 520113 · NSE EQ · FV ₹1
Last price
₹370
+0.89%today
What this company does

Vesuvius India Limited operates in Electrodes & Refractories, part of the Capital Goods sector. It booked ₹567 cr of revenue in its latest quarter (Q2 FY27) and kept 10.1% of sales as profit. It is the 3rd largest of 8 Electrodes & Refractories companies we track, by market value.

“The Company is primarily engaged respectively, which amended/ notified certain accounting Net increase/(decrease) in cash and cash equivalents (A+B+C) 12,971 (144) in the manufacturing and trading of refractory goods.”
In the report:
72out of 100
Equitytale Health Score
Solid

Healthier than 72% of companies in Capital Goods, on the 4 of 6 measures we could read for it. Each measure is ranked against the 123–127 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)
37

At close. Not part of the score.

Profitability & returns46

How much profit it earns on the money it employs

Balance sheet95

How much it owes, and whether earnings cover the interest

Valuation65

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

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Promoters hold 56%
✓ No promoter shares pledged
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Profit down 7% vs last year

What if I invest in VESUVIUS?

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 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — 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 We do not publish price targets or predict returns.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
₹370▲ +0.89%
latest close · 2026-11-04
52-wk low ₹35474 sessions so far52-wk high ₹470
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 ratio32.8High
LowAverageHigh
P/B ratio4.30High
Below bookModerateHigh
EV / EBITDA18.9High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity13.1%Fair
WeakFairStrong ▸15%
Return on capital17.2%Strong
WeakFairStrong
Net margin10.1%Decent
ThinDecentStrong
EBITDA margin16.8%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover248.9×Strong
RiskyOkayStrong ▸5×
Current ratio3.52Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹7,517 cr
Book value
₹86
EPS
₹2.82
latest quarter
Net debt
₹-282 cr
more cash than debt
Enterprise value
₹7,235 cr
EBITDA
₹382 cr
annualised
EBIT
₹309 cr
annualised
Operating margin
13.6%
Return on assets
10.3%
Earnings yield
3.05%
P/S
3.32
Sales / share
₹111.7
Tax rate
25.7%
Face value
₹1
Shares
20.3 cr
Working capital
₹1,065 cr
Current assets
₹1,487 cr
Current liabilities
₹422 cr
Delivery %
46.2%
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 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
We haven't parsed this company's annual profit history yet — common for banks and insurers, whose results file in a different format — so we can't value it off earnings.
Models span ₹78–₹78, midpoint ₹78

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 · Q2 FY27 (consolidated)
Revenue from Operations₹567 cr
Other Income₹8 cr
Total Income₹575 cr
Cost of Materials₹249 cr
Purchases of Stock-in-Trade₹80 cr
Inventory Change (±)₹-13 cr
Employee Benefit Expense₹38 cr
Finance Costs₹31 L
Depreciation & Amortisation₹18 cr
Other Expenses₹126 cr
Total Expenses₹498 cr
Profit before Tax₹77 cr
Tax Expense₹20 cr
Net Profit₹57 cr
Net margin on total income9.9%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹316 cr54.9%
Employee benefit expense₹38 cr6.6%
Finance costs₹31 L0.1%
Depreciation & amortisation₹18 cr3.2%
Other expenses₹126 cr21.9%
Tax expense₹20 cr3.4%
Profit for the period₹57 cr9.9%
Total income ₹575 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue500 cr536 cr567 cr
Total income509 cr546 cr575 cr
Expenses434 cr467 cr498 cr
Profit before tax75 cr79 cr77 cr
Tax19 cr20 cr20 cr
Net profit (owners' share)56 cr59 cr57 cr
Net margin (owners' share, on revenue)11.2%10.9%10.1%
EPS (₹)2.752.882.82
YoY (latest quarter): total income +3.7% · net profit -7.2%
Balance sheet & cash flow · as of Jun 2026
Debt-free
Total assets
₹2,215 cr
Shareholder equity
₹1,749 cr
parent shareholders
Total debt
₹0 cr
Cash
₹282 cr
Cash flow · Q1 FY27
Operating
₹59 cr
Investing
₹-35 cr
Financing
₹-30 cr
Peer comparison
Electrodes & Refractories · by market value
CompanyPriceMarket capP/E
Graphite India Limited₹750₹14,631 cr38.4
Raghav Productivity Enhancers Limited₹1,737₹7,978 cr92.2
Vesuvius India Limitedthis company₹367₹7,451 cr32.5
RHI MAGNESITA INDIA LIMITED₹356₹7,344 cr28.4
HEG Advanced Materials Limited₹241₹4,645 cr9.5
IFGL Refractories Limited₹166₹1,197 cr17.5
ORIENT CERATECH LIMITED₹39₹466 cr11.1
De Nora India Limited₹705₹374 cr—
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.41%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 30 Apr 2026
ActionDetailEx-date
Dividend₹1.5 / share30 Apr 2026
Stock splitStock Split From Rs.10/- to Rs.1/-10 Jun 2025
Dividend₹14.5 / share30 Apr 2025
Dividend₹12.75 / share10 Apr 2024
Dividend₹8.25 / share26 Apr 2023
Dividend₹8 / share28 Apr 2022
Who owns it · 2026-09-30
No pledge
Promoter
55.6%
FII / Foreign
4.6%
DII / Domestic
21.8%
Retail / others
18.1%
Smart-money activity
Insider trades
BoughtAnirudha Gupta · Immediate relative1,660 · ₹16.0 L31 Aug 20
BoughtAnirudha Gupta · Immediate relative169 · ₹1.7 L28 Aug 20
SoldAnirudha Gupta · Immediate relative1,829 · ₹18.2 L21 Aug 20
Bulk / block deals
short— · NSE1830 Sep 26
short— · NSE129 Sep 26
short— · NSE225 Aug 26
Stake changes
SoldHDFC Mutual Fund→ 6.91% · 4.09 L30 May 25
BoughtReliance Nippon Life Asset Management Limited→ 9.28% · 50,00021 Jun 17
SoldCiti Bank N A(Acacia Banyan Partners)→ 3.33% · 1.78 L16 Jun 17
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.

Postal ballot · 7 Nov 2025
See the official result
1
Appointment of Ms. Rashmi Joshi (DIN: 06641898) as an Independent Director of the Company for a period of five consecutive years with effect from 24th September, 2025.
Backed by 100% of shareholders other than promotersneeded 75%
5.66 cr votes for, 2,732 against · 0% of mutual funds and other big investors said no
2
Appointment of Mr. Sridhar Gorthi (DIN: 00035824) as an Independent Director of the Company for a period of five consecutive years with effect from 24th September, 2025
⚑ Passed only because promoters voted yes
Backed by 55% of shareholders other than promotersneeded 75%
3.09 cr votes for, 2.56 cr against · 50% of mutual funds and other big investors said no
3
Appointment of Mr. Biswadip Gupta (DIN: 00048258) as a Non-Executive Non-Independent Director of the Company, liable to retire by rotation.
Backed by 98% of shareholders other than promotersneeded 75%
5.56 cr votes for, 9.38 L against · 2% 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 — 1 named members
owning 55.6% between them · as of 2026-09-30
Vesuvius Group Limited55.57%

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.