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Veedol Corporation
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Tide Water Oil Co. (I) Ltd is a part of the multi divisional Andrew Yule group that has diverse interests in Engineering, Electrical, Tea Cultivation, Power Generation, Digital Communication Systems and Lubricants. The company manufactures and sells engine lubricants for the automotive and industrial applications in India. The company's plants are set up in Howrah, Royapuram, Turbhe, Silvassa and Faridabad.
The company offers various automotive oils, such as diesel engine, premium diesel engine, PMCO and two wheeler, dedicated engine, gear and transmission, and agri engine oils, as well as coolant and brake fluid; and industrial oils comprising general purpose machinery, spindle, turbine, hydraulic and circulation, heavy duty hydraulic, steam cylinder, industrial gear, cutting, non drip, and mill roll oils.
The company's products marketed under the 'VEEDOL' brand name are well established and acknowledged in the industry for their quality and variety. The products manufactured under the technical collaboration agreement with Nippon Oil Corporation (formerly Mitsubishi Oil Co Ltd) and marketed under the 'ENEOS' brand name have carved out a niche for themselves in select markets.
Tide Water Oil Co. (I) Ltd was incorporated in the year 1922. During the year 1987-88, the company entered into a technical collaboration with Cofran Promotion, Switzerland, to manufacture synthetic, semi-synthetic and speciality lubricants.
During the year 1993-94, the company launched the premium range of Mitsubishi engine oils from Nippon Mitsubishi Oil Company, Japan (formerly Mitsubishi Oil Company). The two companies have entered into a technology transfer tie-up to manufacture and market Mitsubishi products in India.
During 1996-97, the company expanded their installed capacity of Oils (including Synthetic Lubricating Oils) to 84198145 ltrs. They also completed the modernisation programme in their grease blending plant at Howrah.
During the year 1997-98, the company completed the 8000 KL per annum modern lube blending plant at Faridabad. The plant at Silvassa was accredited with ISO 9002 during the year 1998-99.
During the year 2003-04, the technical collaboration agreement with Nippon Oil Corporation (formerly Mitsubishi Oil Company Ltd) was renewed with effect from October 28, 2003 for a further period of three years. In May 2004, the 'ENEOS' range of products manufactured under the collaboration agreement were launched.
During the year 2004-05, the Ramkristopur plant of the company received accreditation of ISO 9001:2000 quality standards. During the year 2007-08, the operations at Deonar plant were shifted to the new plant in Turbhe, Navi Mumbai. The company is in the process of setting up a modern lube blending plant at Oragadam near Chennai.
During the year 2009-10, the Company acquired two windmills with a total capacity of 3 MW for generation of renewable energy at Tamil Nadu. The Company acquired 100% shares of Veedol International Limited from Castrol Limited and Lubricants UK Limited, wholly owned subsidiaries of BP Plc and resultant on acquisition of shares become a subsidiary of the Company with effect from October, 2011.
The Company established two wholly owned subsidiaries viz. Veedol International DMCC, Dubai and Veedol International BV, Netherlands to cater to the Middle East Asian Region and Europe during year 2014-15. Veedol Deutschland GmbH was incorporated as a 100% subsidiary of Veedol International BV to relaunch the brand in Germany, Austria and Switzerland. Further during 2014-15, Veedol International Americas Inc. was floated as a wholly owned subsidiary of Veedol International Limited, UK.
During 2016-17, Company had acquired 100% shares of Veedol UK Limited (VUK) (formerly Price Thomas Holdings Limited), having a wholly owned subsidiary viz. Granville Oil & Chemicals Limited, which has its own manufacturing facility and presently engaged in manufacturing and selling of lubricants and automotive after care products throughout United Kingdom (UK). During 2017-18, the Company purchased entire share capital of VDG from VIBV and thus VDG became a direct wholly owned subsidiary of Company.
Veedol Corporation share price reflects investor sentiment toward the company and is impacted by various factors such as financial performance, market trends, and economic conditions. Share price is an indicator which shows the current value of the company's shares at which buyers or sellers can transact.
Market capitalization of Veedol Corporation indicates the total value of its outstanding shares. Marketcap is calculated by multiplying share price and outstanding shares of the company. It is a helpful metric for assessing the company's size and market Valuation. It also helps investors understand how Veedol Corporation is valued compared to its competitors.
Veedol Corporation PE ratio helps investors understand what is the market value of each stock compared to Veedol Corporation 's earnings. A PE ratio higher than the average industry PE could indicate an overvaluation of the stock, whereas a lower PE compared to the average industry PE could indicate an undervaluation.
The PEG ratio of Veedol Corporation evaluates its PE ratio in relation to its growth rate. A PEG ratio of 1 indicates a fair value, a PEG ratio of less than 1 indicates undervaluation, and a PEG ratio of more than 1 indicates overvaluation.
Return on Equity (ROE) measures how effectively Veedol Corporation generates profit from shareholders' equity. A higher ROE of more than 20% indicates better financial performance in terms of profitability.
Return on Capital Employed (ROCE) evaluates the profitability of Veedol Corporation in relation to its capital employed. In simple terms, ROCE provides insight to investors as to how well the company is utilizing the capital deployed. A high ROCE of more than 20% shows that the business is making profitable use of its capital.
Total debt of Veedol Corporation shows how much the company owes to either banks or individual creditors. In simple terms, this is the amount the company has to repay. Total debt can be a very useful metric to show the financial health of the company. Total debt more than equity is considered to be a bad sign.
The Debt-to-Equity (DE) ratio of Veedol Corporation compares its total debt to shareholders' equity. A higher Debt to Equity ratio could indicate higher financial risk, while a lower ratio suggests that the company is managing its debt efficiently.
CAGR shows the consistent growth rate of Veedol Corporation over a specific period, whether it is over a month, a year, or 10 years. It is a key metric to evaluate the company’s long-term growth potential. Main metrics for which CAGR is calculated are net sales, net profit, operating profit, and stock returns.
Technical analysis of Veedol Corporation helps investors get an insight into when they can enter or exit the stock. Key components of Veedol Corporation Technical Analysis include:
There are usually multiple support levels, but the main support levels for a stock are S1, S2, S3. Support levels indicate price points where stock might get support from buyers, helping the stock stop falling and rise.
There are usually multiple resistance levels, but the main resistance levels for a stock are R1, R2, R3. Resistance levels represent price points where Veedol Corporation shares often struggle to rise above due to selling pressure.
Dividends refer to the portion of the company’s profits distributed to its shareholders. Dividends are typically paid out in cash and reflect Veedol Corporation ’s financial health and profitability.
Bonus shares are usually given by companies to make the stock more affordable, increase liquidity, boost investor confidence, and more.
Stock split increases the number of its outstanding shares by dividing each existing share into multiple shares. When the company offers a stock split, the face value of the stock reduces in the same proportion as the split ratio.
The financials of Veedol Corporation provide a complete view to investors about its net sales, net profit, operating profits, expenses, and overall financial health. Investors can analyze financial data to assess the company’s stability and also understand how the company has been growing financially.
The profit and loss statement of Veedol Corporation highlights its net sales, net profit, total expenditure, and operating profits in the current financial year. This Profit and Loss statement is crucial for evaluating the profitability and financial stability of Veedol Corporation .
The balance sheet presents a snapshot of Veedol Corporation ’s assets, liabilities, and equity of shareholders, providing insights into the financials of the company.
Cashflow statements track the company's cash inflows and outflows over a period. It is an essential tool for understanding how well the company manages its liquidity and finances.
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