Veljan Denison share price, P/E, ROE & financials

Veljan Denison (VELJAN) had a P/E of 35.2× on 6 Nov 2026, above the industry P/E of 33.8×, and the shares are 27% below their 52-week high. Its ROCE of 14% is the second-lowest among the 7 largest Specialty Industrial Machinery peers, and sales and net profit grew 11% and 17% a year over 3 years. It has almost no debt, and its dividend yield is 0.4%. It is a small-cap company with a market cap of ₹921 Cr, ranked 68th of 138 Specialty Industrial Machinery companies by market cap; the shares rose 15% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹2,047.00
Day high: ₹2,047.00
Day low: ₹2,007.10
Prev. close: ₹2,048.00
Volume: 46

Health check

2 good · 3 fair · 1 to check

ReturnsIn line
+15.4% over a year, better than 4 of 7 peers.
Price tagIn line
P/E 35.2 vs industry 33.8.
GrowthSteady
Sales +10.9%, profit +17.3% a year over 3 years.
ProfitabilityWeak
ROCE 14.0% vs peer median 24.8%.
Balance sheetSolid
Practically debt-free, Piotroski 7 of 9.
Red flagsNone found
No warning signs in the headline numbers.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Specialty Industrial Machinery

137 listed peers. Screen the industry

Small cap

₹921 Cr, #68 of 138 in its industry by size.

Defensive

Beta 0.31 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹165 Cr · profit ₹26 Cr

Market cap: ₹921 Cr; Small cap
P/E: 35.2; Industry 33.8
Price to book: 3.67; Peers 9.16
Dividend yield: 0.42%
ROE: 10.8%; Peers 19.1%
ROCE: 14.0%; Peers 24.8%
Debt to equity: 0.00; Debt ₹1.12 Cr
EPS (TTM): ₹58.18; Face value ₹10
OPM (TTM): 24.2%; Net margin 15.9%
Sales growth: +2.0%; Latest quarter vs a year ago
Profit growth: +4.7%; Latest quarter vs a year ago
Price to sales: 5.58; EV/EBITDA 21.5

Strengths

Practically debt-free.
Positive operating cash flow in each of the last 4 years.

No obvious red flags in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Veljan Denison

Veljan Denison Limited manufactures and sells hydraulic pumps, motors, valves, and custom-built power packs in India and internationally. The company's primary operations include the design, engineering, manufacturing, assembly, and servicing of hydraulic equipment for industrial and mobile applications. The company also offers rig pumps, truck pumps, hydraulic filters, and mobile DC valves; vane pumps, motors; single, double, and triple gear pumps,…

Headquarters: Hyderabad
Employees: 262
Sector: Industrials
ISIN: INE232E01013
Website: veljan.in

Price range

52 weeks

₹1,750.30₹2,790.70

Today

₹2,007.10₹2,047.00

Avg volume (3M): 860
1-year return: plus 15.4%
From 52-week high: minus 26.7%

Peers · Specialty Industrial Machinery

Capital-heavy industry columns

Compare with peers Screen the whole industry

Company
BHELBharat Heavy Electricals	418.80	plus 0.17%	1,45,829	50.6	74.6	6.6%	10.1%	0.22	13.5%	plus 56.4%
ABBABB India	6,774.00	plus 2.20%	1,43,547	92.3	68.2	28.5%	13.8%	0.02	15.4%	plus 26.4%
SIEMENSSiemens	3,560.00	plus 3.73%	1,26,779	86.1	59.3	16.5%	10.4%	0.02	3.0%	plus 10.0%
CUMMINSINDCummins India	4,048.80	minus 0.25%	1,12,233	49.8	41.7	35.0%	19.1%	0.00	16.1%	minus 6.0%
GVT&DGE Vernova T&D India	4,018.00	minus 3.06%	1,02,879	71.3	56.6	58.5%	26.5%	0.01	31.1%	plus 31.7%
SUZLONSuzlon Energy	38.80	plus 0.54%	53,337	23.7	17.3	24.8%	16.7%	0.07	41.4%	minus 35.7%
AIAENGAIA Engineering	3,113.60	minus 2.77%	29,056	23.5	19.6	19.9%	27.4%	0.00	−3.4%	minus 3.9%
VELJANVeljan Denison	2,046.00	minus 0.10%	921	35.2	21.4	14.0%	24.2%	0.00	10.9%	plus 15.4%
Median of 7 peers	–	0.17%	1,12,233	50.6	56.6	24.8%	16.7%	0.02	15.4%	10.0%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
42.6	38.6	36.9	45.9	43.5
31.8	28.6	28.5	35.6	32.3
10.8	10	8.4	10.3	11.2
25.4%	25.9%	22.9%	22.5%	25.8%
0.7	0.7	0.8	0.9	1.1
0.1	0.1	0.1	0.3	0.1
1.6	1.6	1.6	1.6	1.7
9.9	9.1	7.4	9.3	10.5
26.3%	26.5%	31.9%	26.8%	26.9%
7.3	6.7	5.1	6.8	7.7
16.30	14.79	11.24	15.09	17.06

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +10.9%
Profit CAGR 3Y: +17.3%
EPS CAGR 3Y: +17.3%
ROE: 10.8%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
120	137	155	164
–	+14.3%	+13.1%	+5.4%
94	103	118	124
26.2	34.2	37.6	40.2
21.8%	24.9%	24.2%	24.5%
1.8	2.8	2.5	2.9
0.5	1	0.3	0.4
5.4	5.6	6	6.4
−0.5	−0.8	−0.7	−0.5
21.6	29.6	33	35.7
25.8%	25.4%	28.2%	27.7%
16	22.1	23.7	25.8
–	+37.8%	+7.5%	+8.9%
35.61	49.05	52.71	57.42

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
2.3	2.3	4.5	4.5
183	203	221	246
9.4	6.9	8.4	1.1
30.3	27	33.4	30.5
225	239	268	283
82.3	89	94.3	94.4
15.1	2.5	3.2	2.3
0.8	0.9	0.9	0.8
37.9	39.1	47.3	63.2
88.7	107	122	122
225	239	268	283

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
18.8	15.3	19.4	31.6
−16.9	−7.5	−8.7	−13.3
0.4	−8.1	−3.8	−11.7
2.2	−0.3	6.9	6.7
−14.2	−10.3	−10.5	−6.4
4.6	5	8.9	25.2
−1.4	−4.6	−4.1	−3.8

Shareholding pattern

Source: NSE filings

NSE hasn’t returned a shareholding pattern for this company.

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you