Veljan Denison Limited develops, manufactures, and sells pneumatic and hydraulic products, and components and systems in India.
Flawless balance sheet average dividend payer.
Share Price & News
How has Veljan Denison's share price performed over time and what events caused price changes?
Latest Share Price and Events
Stable Share Price: 505232 has not had significant price volatility in the past 3 months.
7 Day Return
1 Year Return
Return vs Industry: 505232 exceeded the Indian Machinery industry which returned -17.6% over the past year.
Return vs Market: 505232 exceeded the Indian Market which returned -5.3% over the past year.
Price Volatility Vs. Market
How volatile is Veljan Denison's share price compared to the market and industry in the last 5 years?
Simply Wall St News
No news available
Is Veljan Denison undervalued compared to its fair value and its price relative to the market?
Price to Earnings (PE) ratio
Share Price vs. Fair Value
Below Fair Value: 505232 (₹767.15) is trading above our estimate of fair value (₹645.66)
Significantly Below Fair Value: 505232 is trading above our estimate of fair value.
Price To Earnings Ratio
PE vs Industry: 505232 is good value based on its PE Ratio (11.7x) compared to the Machinery industry average (12.8x).
PE vs Market: 505232 is good value based on its PE Ratio (11.7x) compared to the Indian market (12.7x).
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate 505232's PEG Ratio to determine if it is good value.
Price to Book Ratio
PB vs Industry: 505232 is overvalued based on its PB Ratio (1.2x) compared to the IN Machinery industry average (1x).
How is Veljan Denison forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?
Forecasted Capital Goods industry annual growth in earnings
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Veljan Denison has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.
- Examine Veljan Denison's financial health to determine how well-positioned it is against times of financial stress by looking at its level of debt over time and how much cash it has left.
- Veljan Denison competitive advantages and company strategy can generally be found in its financial reports archived here.
- Explore growth companies in the Capital Goods industry.
How has Veljan Denison performed over the past 5 years?
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 505232 has high quality earnings.
Growing Profit Margin: 505232's current net profit margins (16.2%) are lower than last year (18.7%).
Past Earnings Growth Analysis
Earnings Trend: 505232's earnings have grown by 7.2% per year over the past 5 years.
Accelerating Growth: 505232's has had negative earnings growth over the past year, so it can't be compared to its 5-year average.
Earnings vs Industry: 505232 had negative earnings growth (-14.7%) over the past year, making it difficult to compare to the Machinery industry average (-8%).
Return on Equity
High ROE: 505232's Return on Equity (10%) is considered low.
How is Veljan Denison's financial position?
Financial Position Analysis
Short Term Liabilities: 505232's short term assets (₹1.2B) exceed its short term liabilities (₹250.1M).
Long Term Liabilities: 505232's short term assets (₹1.2B) exceed its long term liabilities (₹30.5M).
Debt to Equity History and Analysis
Debt Level: 505232's debt to equity ratio (1.1%) is considered satisfactory.
Reducing Debt: 505232's debt to equity ratio has reduced from 28.3% to 1.1% over the past 5 years.
Debt Coverage: 505232's debt is well covered by operating cash flow (1658.3%).
Interest Coverage: 505232 earns more interest than it pays, so coverage of interest payments is not a concern.
What is Veljan Denison current dividend yield, its reliability and sustainability?
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 505232's dividend (1.3%) is higher than the bottom 25% of dividend payers in the Indian market (0.68%).
High Dividend: 505232's dividend (1.3%) is low compared to the top 25% of dividend payers in the Indian market (2.75%).
Stability and Growth of Payments
Stable Dividend: 505232's dividends per share have been stable in the past 10 years.
Growing Dividend: 505232's dividend payments have increased over the past 10 years.
Current Payout to Shareholders
Dividend Coverage: With its low payout ratio (15.3%), 505232's dividend payments are well covered by earnings.
Future Payout to Shareholders
Future Dividend Coverage: Insufficient data to determine if a dividend will be paid in 3 years and that it will be covered by earnings.
How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Velamati Chandrasekhara Rao (81yo)
Mr. Velamati Chandrasekhara Janardan Rao serves as Managing Director of Veljan Denison Limited. Mr. Rao previously served as the Managing Director of Veljan Denison Limited from January 1, 2015 to August 2 ...
CEO Compensation Analysis
Compensation vs Market: Velamati Chandrasekhara's total compensation ($USD116.10K) is above average for companies of similar size in the Indian market ($USD49.45K).
Compensation vs Earnings: Velamati Chandrasekhara's compensation has been consistent with company performance over the past year.
|Chairman & MD||5.5yrs||₹8.68m||13.77% ₹238.4m|
|Chief Financial Officer||0.67yr||no data||no data|
|Company Secretary & Compliance Officer||2.42yrs||no data||no data|
Experienced Management: 505232's management team is considered experienced (2.4 years average tenure).
|Chairman & MD||5.5yrs||₹8.68m||13.77% ₹238.4m|
|Independent Non-Executive Director||17yrs||₹947.57k||no data|
|Independent Non-Executive Director||6.92yrs||₹947.57k||no data|
Experienced Board: 505232's board of directors are considered experienced (7.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Veljan Denison Limited's company bio, employee growth, exchange listings and data sources
- Name: Veljan Denison Limited
- Ticker: 505232
- Exchange: BSE
- Founded: 1973
- Industry: Industrial Machinery
- Sector: Capital Goods
- Market Cap: ₹1.732b
- Shares outstanding: 2.25m
- Website: https://www.veljan.in
Number of Employees
- Veljan Denison Limited
- Plot No. A18 & 19, APIE
- Andhra Pradesh
|Ticker||Exchange||Primary Security||Security Type||Country||Currency||Listed on|
|505232||BSE (Mumbai Stock Exchange)||Yes||Equity Shares||IN||INR||Feb 2005|
Veljan Denison Limited develops, manufactures, and sells pneumatic and hydraulic products, and components and systems in India. The company offers vane pumps and motors; gear pumps; hydraulic valves; system savers; hydraulic cylinders; power packs and manifolds; and hydraulic filters and mobile directional control valves. It also provides marine equipment, such as steering gear systems, fin stabilizer systems, hydraulic power units, control systems, test facilities, and other accessories. Veljan Denison Limited also exports its vane pumps and motors. The company was formerly known as Denison Hydraulics India Limited and changed its name to Veljan Denison Limited in April 2010. Veljan Denison Limited was incorporated in 1973 and is headquartered in Hyderabad, India.
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2020/07/08 12:42|
|End of Day Share Price||2020/07/08 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.