Vesuvius India Limited, Fundamental analysis

Industry Industry name	Refractories
Variance Full Year Net Profit Variance	-5
Equity Latest Equity	20.3
Face Value Latest Face Value	1
Reserves Total Reserve	1728.44
Dividend Full Year Dividend %	150
Sales Turnover Full Year Net Sales	2104.33
Net Profit Full Year Net Profit	232.45
Full Year CPS Full Year Cash Per Share	14.5
Earning Per Share Full Year Earning Per Share	11.5
Quarter CPS Latest quarter Cash Per Share	0
Latest Quarter Date Latest Quarter Yrc	Jun 1, 2026
Latest Quarter Sales Latest Quarter Net Sales	535.45
Previous EPS Previous earnings per share	0
Book Value Book value	86.2
Networth Full Year Return on Networth	17.07
Price/Book Value Price to Book value	4.524362
Yearly PE ratio Full Year Price to Earning per share	34.1
Yearly PC ratio Full Year Price to Cash Per Share	26.9
Bse value BSE Value in lakhs	12.13
Nse value NSE Value in lakhs	202.29
High 52 week high	608
Low 52 week low	387
Price NSE Current market price	389
CPM Current market price	390

Market cap BSE / NSE Market Cap	7911.41
Net profit Latest Quarter Net Profit	58.51
Net profit variance Latest Quarter Net Profit variance	-7
Result year Trailing latest month	Jun 1, 2026
TTM Sales Trailing Twelve 12 month Net Sales	1770.63
TTM OP Trailing Twelve 12 month Operating Profit	345.5
TTM OPM Trailing Twelve 12 month Operating Profit Margin	19.51
TTM GP Trailing Twelve 12 month Gross Profit	414.9
TTM GPM Trailing Twelve 12 month Gross Profit Margin	19.48
TTM NP Trailing Twelve 12 month Net Profit	261.66
TTM NPV Trailing Twelve 12 month Net Profit Variane	2.17
TTM EPS Trailing Twelve 12 month EPS	12.62
TTM PE Trailing Twelve 12 month PE	30.89
TTM CPS Trailing Twelve 12 month CPS	0
Month CPS Month Cash Per Share	0
TTM Depreciation Trailing Twelve 12 month Depreciation	43.93
Equity Latest Equity	20.3
LTP Latest Price (BSE/NSE)	390
Gross block Latest Gross Block	903.5
Loans Total loans	13.74
Advances Latest Advances for Banks	0
Net profit asset Latest Assets	0
Year OPM Full Year Operating Profit Margin	16
Year GPM Full Year Gross Profit Margin	18.7
Quarter OPM Latest quater Operation Profit Margin	16.2

	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
+ Sales	444	507	481	524	546	549	499	535
YOY Sales Growth %	8%	23%	6%	14%	23%	8%	4%	2%
Gross Sales	444	507	481	524	546	549	499	535
Other Operating Income	1	1	1	1	1	2	1	1
+ Expenses	365	426	398	432	454	456	415	449
Material Cost %	44%	21%	46%	42%	38%	36%	44%	56%
Raw Material Cost	169	158	200	202	207	211	210	261
Change in Inventory	24	-52	22	17	4	-12	11	39
Manufacturing Cost %	21%	19%	20%	20%	21%	19%	22%	21%
Employee Cost %	6%	6%	7%	6%	7%	7%	7%	7%
Other Cost %	11%	37%	10%	14%	17%	20%	10%	-0%
Raw Materials %	38%	31%	41%	39%	38%	38%	42%	49%
Purchase of Finished Goods %	22%	17%	19%	21%	18%	16%	14%	15%
Stock Adjustments %	-5%	10%	-5%	-3%	-1%	2%	-2%	-7%
Other Manufacturing Expenses %	21%	19%	20%	20%	21%	19%	22%	21%
Operating Profit	79	82	83	91	92	94	84	87
OPM %	18%	16%	17%	17%	17%	17%	17%	16%
+ Other Income	23	7	10	8	7	34	9	10
Miscellaneous Income	23	7	10	8	7	34	9	10
Interest	0	0	0	0	0	0	0	0
Depreciation	12	13	13	15	17	17	17	18
Profit before tax	90	76	80	85	83	109	75	79
+ Tax %	24%	21%	26%	26%	26%	27%	26%	26%
Current Tax	21	14	20	21	21	28	19	20
Deferred Tax	1	3	0	0	0	2	0	0
Net Profit	68	60	59	63	62	80	56	59
EPS in Rs

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
+ Sales	895	950	925	887	792	1,047	1,343	1,603	1,869	2,104
Sales Growth %		6%	-3%	-4%	-11%	32%	28%	19%	17%	13%
Gross Sales	746	871	919	884	787	1,042	1,335	1,591	1,865	2,100
Excise Duty	73	38	0	0	0	0	0	0	0	0
Other Operating Income	2	2	6	3	4	5	7	12	4	4
+ Expenses	744	788	778	766	715	948	1,179	1,316	1,521	1,744
Material Cost %	50%	53%	58%	58%	59%	60%	60%	56%	56%	56%
Raw Material Cost	459	497	564	510	467	675	817	920	1,016	1,207
Change in Inventory	-10	6	-29	1	3	-48	-12	-28	22	-31
Manufacturing Cost %	8%	9%	10%	11%	11%	12%	10%	10%	10%	11%
Employee Cost %	6%	6%	6%	7%	8%	8%	7%	7%	6%	7%
Other Cost %	19%	15%	10%	11%	12%	11%	11%	10%	10%	9%
Raw Materials %	51%	52%	61%	57%	59%	64%	61%	57%	54%	57%
Purchase of Finished Goods %	17%	19%	22%	19%	19%	22%	23%	20%	20%	18%
Stock Adjustments %	1%	-1%	3%	-0%	-0%	5%	1%	2%	-1%	1%
Power & Fuel %	2%	2%	2%	2%	2%	2%	2%	2%	2%	2%
Other Manufacturing Expenses %	7%	7%	8%	9%	9%	9%	8%	8%	8%	9%
Selling & Administration %	10%	10%	9%	9%	11%	11%	10%	9%	9%	9%
Miscellaneous Expenses %	1%	1%	1%	1%	1%	1%	1%	1%	1%	1%
Operating Profit	150	161	147	121	77	99	164	287	347	360
OPM %	17%	17%	16%	14%	10%	9%	12%	18%	19%	17%
+ Other Income	13	13	23	29	21	20	23	35	48	59
Miscellaneous Income	13	13	23	29	21	20	23	35	48	59
Interest	1	1	1	1	1	1	1	2	4	2
Depreciation	27	30	28	27	26	27	30	36	46	62
Profit before tax	136	145	142	123	72	92	157	285	349	356
+ Tax %	35%	35%	35%	31%	26%	26%	26%	25%	24%	26%
Current Tax	51	55	53	37	21	26	41	71	81	91
Deferred Tax	-4	-4	-3	0	-2	-2	-1	2	3	2
+ Net Profit	89	94	93	86	53	68	117	213	265	264
Profit Growth %		6%	-2%	-8%	-38%	28%	72%	82%	24%	-0%
Extraordinary Income / Expense	0	-4	0	0	0	0	0	0	0	0
Exceptional Item	0	-4	0	0	0	0	0	0	0	0
EPS in Rs

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
Equity Capital	20	20	20	20	20	20	20	20	20	20
Reserves	562	641	717	784	822	876	977	1,173	1,411	1,644
+ Borrowings	0	0	0	0	0	0	0	13	13	14
Unsecured Borrowings	0	0	0	0	0	0	0	13	13	14
+ Other Liabilities	161	193	188	177	216	292	333	382	402	472
Current Liabilities	153	181	175	159	194	268	308	361	379	446
Provisions	9	9	12	12	15	17	20	20	12	13
Other liability items	12	12	12	18	22	24	25	25	27	29
Total Liabilities	743	854	925	981	1,058	1,188	1,331	1,589	1,847	2,150
+ Fixed Assets	124	113	121	124	120	116	194	316	434	622
Gross Block	152	170	188	218	236	256	355	511	669	904
Accumulated Depreciation	27	57	67	94	117	141	161	195	235	281
CWIP	16	38	26	28	21	27	38	86	196	52
Investments	0	0	0	0	0	0	0	0	0	0
+ Other Assets	603	703	779	829	917	1,045	1,098	1,187	1,217	1,476
Inventories	94	95	123	108	117	213	204	256	247	296
Trade receivables	268	220	181	188	163	164	209	323	385	484
Cash Equivalents	199	346	419	468	559	554	568	465	482	582
Loans n Advances	25	22	28	29	39	64	63	82	75	75
Other asset items	18	21	27	37	38	51	54	60	28	39
Total Assets	743	854	925	981	1,058	1,188	1,331	1,589	1,847	2,150

	Dec 2016	Dec 2017	Dec 2018	Dec 2019	Dec 2020	Dec 2021	Dec 2022	Dec 2023	Dec 2024	Dec 2025
+ Cash from Operating Activity	50	191	95	74	102	27	128	82	258	177
Profit Before Tax & Extraordinary Items	136	145	142	123	72	92	157	285	349	356
Depreciation	27	30	28	27	26	27	30	36	46	62
Interest (Net)	-11	-12	-21	-23	-18	-16	-18	-30	-28	-27
Profit / Loss on Sale of Assets	0	0	0	0	0	0	0	0	-15	-25
Provisions & Write-offs (Net)	0	0	0	5	0	0	3	0	0	0
Profit / Loss in Forex	0	0	-1	1	-1	0	1	-1	2	0
Receivables	-44	47	38	-16	25	-1	-43	-115	-62	-98
Inventories	-22	0	-28	16	-9	-96	9	-52	9	-50
Trade Payables	18	33	-9	-20	34	65	22	43	7	68
Loans & Advances	0	0	0	0	0	0	0	0	0	0
Direct Taxes Paid	-52	-57	-52	-39	-20	-27	-50	-68	-66	-105
+ Cash from Investing Activity	21	2	-310	297	-503	-39	-6	-37	-233	-18
Purchase of Fixed Assets	-21	-40	-25	-31	-15	-32	-113	-200	-242	-105
Sale of Fixed Assets	0	0	1	0	0	0	0	0	0	30
Interest Received	12	11	20	23	18	14	15	32	27	28
Others	30	30	-305	305	-506	-21	92	131	-18	30
+ Cash from Financing Activity	-15	-16	-17	-17	-14	-14	-16	-18	-27	-30
Repayment of Financial Liabilities	0	0	0	0	0	0	0	0	-1	0
Dividend Paid	-13	-13	-14	-14	-14	-14	-16	-17	-26	-29
Others	-3	-3	-3	-3	0	0	0	0	0	0
Net Cash Flow	56	177	-231	354	-415	-26	106	28	-1	130