V

Vadilal Industries Limited

VADILALIND
Market snapshot · 2026-08-10 23:56 UTC

7,380.00

+₹172.50 (+2.39%)

MARKET CAP

₹5.30K Cr

STOCK P/E

34.2x

52W HIGH

₹7,575.00

52W LOW

₹3,996.00

BOOK VALUE

₹1,182.93

EPS

₹215.50

ROE

20.06%

SECTOR

Consumer Staples

DEBT/EQUITY

27.00

VOLUME

35,310

P/B RATIO

6.24x

PEG RATIO

Sector

Consumer Staples

Themes

FMCG - FoodsPackaged Foods
D
Dividend
₹7,380.00₹6,546.65₹5,713.30₹4,879.95₹4,046.60VolumeDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Vadilal Industries is an FMCG foods manufacturer selling ice cream in India and international markets. Ice cream remains central, supplemented by Power Sip flavored milk, frozen desserts, and processed foods. Its portfolio also includes dairy products, paneer, and ghee, alongside money changing and chemicals. Revenue grew 21.2% year-on-year, but profit rose only 3.2%, indicating substantial margin pressure. The declining margin trend and 20.1% ROE suggest profitability is weakening, while 27.0x debt-to-equity materially amplifies leverage’s impact on returns. The recent developments concern Nestlé India, not Vadilal, offering no clear company-specific operating catalyst. At 33.4x earnings, Vadilal appears overvalued and trades at a premium to its modest profit growth. Investors must assess whether ice-cream and processed-food growth can reverse margin compression without further leverage.

Forecast

Analyst targets, estimate history, and probabilistic forward ranges for VADILALIND.

Coverage check

Price Forecast

Current
₹7,380
High Target
Median Target
Low Target
Now₹7,380Aug '25Now12M Target
Price history (1Y)
Analyst target range

Probabilistic Range

Probabilistic lognormal cone using 1Y realized volatility and analyst-target drift when available.

Time horizonRange ()Probability
3M₹6,328 - ₹10,12780%
6M₹6,227 - ₹12,10880%
12M₹6,384 - ₹16,34880%
Realized vol: +36.7% · Drift: +39.2%

Revenue Forecast

₹ Cr
Dec '25Current₹140.0
Sep 2026 ETrend estimate range
High₹274.1Base₹253.8Low₹233.5
Mar '25: ₹232.0 · Jun '25: ₹425.0 · Sep '25: ₹247.0 · Dec '25: ₹140.0 · Sep '26: ₹253.8 · Dec '26: ₹143.9
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E232.0425.0247.0140.0253.8143.9
PastCurrentTrend estimate: Low / Base / High

EPS Forecast

₹ / share
Dec '25Current₹-19.87
Sep 2026 ETrend estimate range
High₹14.45Base₹12.90Low₹11.35
Mar '25: ₹26.52 · Jun '25: ₹74.24 · Sep '25: ₹18.43 · Dec '25: ₹-19.87 · Sep '26: ₹12.90 · Dec '26: ₹-13.91
Mar '25Jun '25Sep '25Dec '25Sep '26 EDec '26 E26.5274.2418.43-19.8712.90-13.91
PastCurrentTrend estimate: Low / Base / High
Analyst price target unavailable from FMP/yfinance. Analyst pillar unavailable from FMP/yfinance.
Market Intelligence

Multi-factor synthesis of 5 key dimensions

Overall Outlook
Mixed
44%
Analyst Consensus
Unavailable

Analyst coverage unavailable

Mean upsideNot available

Fundamentals

Moderate

Fundamentals institutional score is 61 using EVA spread proxy 8.1%; growth durability 15.0.

Valuation

Premium valuation

Valuation institutional score is 0 using relative multiple z-scores where peer dispersion is available.

Analyst Consensus

Unavailable

No usable analyst target or recommendation data was available.

Technical Structure

Weak Structure

Technicals institutional score is 32 using EMA-20 continuation within 5% tolerance; VCP range/volume contraction proxy.

Market Sentiment

Neutral backdrop

Recent news flow is balanced or not decisive enough to tilt the tape. Based on 4 recent ticker-linked news items.

Signal Summary

Market intelligence remains Mixed. Available evidence provides partial support, while valuation and technical structure remain considerations.

Composite weights: Fundamentals 25%, Valuation 20%, Analyst Consensus 20%, Technical Structure 20%, Market Sentiment 15%.

Fundamentals ModerateValuation Premium valuationTechnical Structure Weak StructureMarket Sentiment Neutral backdrop

Key Data Points

Mean Target PriceUnavailable
Mean UpsideNot available
Technical Score32%
Fundamental Score61%
Data CoverageMedium

Important Note: This is market intelligence, not investment advice. Always conduct your own research and consider your financial goals and risk tolerance.

Valuation Metrics

Trading 67.7% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +2.55). Confidence: 74%.

Forward Valuation Outlook

Forward outlook is unavailable because live next-12-month estimate data is not available for this ticker right now.

P/E
Strongly Overvalued

5Y Average

16.22

Current

34.25

Overvalued

24.20

Undervalued

17.45

EV/EBITDA
Strongly Overvalued

5Y Average

10.43

Current

22.01

Overvalued

13.74

Undervalued

7.34

P/S
Strongly Overvalued

5Y Average

1.67

Current

3.53

Overvalued

1.92

Undervalued

1.42

Peers & Comparison

Sector: Consumer Staples · Theme: FMCG - Foods

FMCG - Foods Peers8 peers
Avg P/E: 50.5x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
MRS BECTORS FOOD SPE LTD
BECTORFOODFMCG - Foods
+16.0%7.0%
50.7x
Fair
0% vs avg
-20.7%
HINDUSTAN FOODS LIMITED
HNDFDSFMCG - Foods
+20.7%3.6%
47.5x
Fair
-6% vs avg
+11.1%
DODLA DAIRY LIMITED
DODLAFMCG - Foods
+19.0%5.7%
25.9x
Undervalued
-49% vs avg
-20.6%
KWALITY WALL'S (INDIA) L
KWILFMCG - Foods
+6.3%-19.5%
+18.5%
BIKAJI FOODS INTERN LTD
BIKAJIFMCG - Foods
+12.5%8.4%
60.6x
Premium
+20% vs avg
-13.6%
HATSUN AGRO PRODUCT LTD.
HATSUNFMCG - Foods
+19.3%3.4%
59.9x
Premium
+19% vs avg
+5.9%
ZYDUS WELLNESS LIMITED
ZYDUSWELLFMCG - Foods
+66.9%4.1%
87.0x
Premium
+72% vs avg
+37.5%
+17.5%1.5%
22.0x
Undervalued
-56% vs avg
-22.6%
WHY THESE PEERS

VADILAL INDUSTRIES LTD trades at a discount (34.2x vs peer avg 50.5x), suggesting potential undervaluation relative to the Fmcg - Foods cohort. Peers include MRS BECTORS FOOD SPE LTD, HINDUSTAN FOODS LIMITED, DODLA DAIRY LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹140 CrDec 2025

Latest net profit

₹-18 CrDec 2025

Latest EPS

₹-19.87Dec 2025

Net margin

-16.1%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '26-18.0%-9.0%0.0%9.0%18.0%-150 Cr0.00 Cr150 Cr300 Cr450 Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr150 Cr300 Cr450 Cr600 Cr₹-25₹0₹25₹50₹75
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherOtheradjustmentsNet Profit-50 Cr0.00 Cr50 Cr100 Cr150 Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
20212022202320242025-60 Cr0.00 Cr60 Cr120 Cr180 Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales211355229129199402233145232425247140
Expenses176272194131164312196132201348228156
Operating Profit29.4877.3629.25-6.9529.7282.7330.286.8524.1769.2312.28-22.58
OPM %14%21.77%12.79%-5.38%14.9%20.59%13.01%4.72%10.43%16.3%4.97%-16.08%
Other Income1.972.074.333.8134.124.335.043.774.397.775.98
Interest4.24.643.332.833.172.471.881.742.212.092.12.26
Depreciation4.925.75.865.536.056.656.316.086.557.3276.78
Profit before tax27.2574.7930.25-5.9729.5584.3832.7310.1525.7371.5317.95-18.86
Tax %25.72%25.18%25.26%-8.21%26.26%25.27%25.79%26.4%25.92%25.4%26.18%2.12%
Net Profit20.2455.9622.61-6.4621.7963.0624.297.4719.0653.3613.25-18.46
EPS in Rs28.1577.8531.46-6.2230.3287.7333.7910.3926.5274.2418.43-19.87

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters64.73%64.73%64.73%64.72%64.72%
FII0.68%0.77%0.57%0.56%0.58%
DII0.44%0.47%0.41%0.42%
Public20.79%18.50%18.91%18.65%19.38%
Others13.80%15.56%15.32%15.66%14.90%
Mar 2026
Promoters
FII
DII
Public
Others