Veljan Denison share price today

Veljan Denison Ltd's share price was ₹2,046.00 at the close on 6 November 2026. It has been rising for 18 weeks. That is 26.4% above its average price over the last 200 trading days. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 25 weeks in a row.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Veljan Denison Ltd is in stage 2. The phase helps read everything below.

Since its first close in our records, on 17 April 2026, it has traded between ₹980 and ₹2,682, and at that close it sat 63% of the way up from that low.

Over the last 7 months the share price moved +106% while the NIFTY 500 moved −5%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week.

This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row.

One change stood out: highest quarterly profit in 14 quarters.

1. Highest quarterly profit in 14 quarters

   Profit of ₹8 crore in the June 2026 quarter is the highest of the last 14 quarters.

For April to June 2026 (the quarter ended 30 June 2026), Veljan Denison reported revenue of ₹43.5 crore, up 2.0% from ₹42.6 crore a year earlier, and a profit of ₹7.68 crore, up 4.8% from ₹7.33 crore.

Veljan Denison results: April to June 2026 against a year earlier

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Veljan Denison closed at ₹2,046.00 on 6 November 2026. Its highest weekly close since April 2026 was ₹2,681.65 on 9 October 2026.

Veljan Denison share price: then and now

Weekly closing prices. Each change is the move from that price to the 6 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

38 weekly closes from 17 April 2026 to 6 November 2026.

6 Nov 2026: Veljan Denison closed at ₹2,046.00, up 0.9% on the week and down 23.7% on the month. 21 Aug 2026: ex-date for a dividend of ₹8.50 a share, record date 22 Aug 2026.

Earlier

• Our read, 19 Jul 2026: Steady hydraulic equipment manufacturer riding infrastructure demand.
• Results for April to June 2026: Revenue up 2.0% and profit up 4.8% on a year earlier.

Our read of the business

Revenue growth steady at mid-single digits.,Operating margins stable around 22-25%.,Cash flow conversion is strong with low debt.

Latest quarter: Stable growth.

Our read after the latest results, written 19 July 2026.

Veljan Denison paid ₹8.50 a share in regular dividends in the 12 months to 7 November 2026 (1 payment), a yield of 0.42% at the ₹2,046.00 close on 6 November 2026. The last was a dividend of ₹8.50 a share, ex-date 21 August 2026.

Veljan Denison dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Veljan Denison Ltd paid out 15% of its profit as dividends in FY26, and it paid a dividend in each of its last 4 reported years.

From the NSE corporate-actions record, read 7 November 2026.

What is changing at Veljan Denison, from the latest results and calls: infrastructure demand.

• Infrastructure Demand. Demand from mining and construction supports top-line. ⚠ estimate

We check 16 kinds of change in every company, such as costs spread over more sales, higher-value products, new orders, new regions or falling debt, against its reported numbers and what management said on its calls. Only changes the numbers back are shown.

Our read after the latest results, written 19 July 2026.

A persistent drop in operating margins below 18% or declining cash flows for two consecutive quarters.

Each change stops working if

• Infrastructure Demand: Infrastructure spending slows significantly.

The main risks

• Input Cost Inflation: Commodity price swings affect gross margins. ⚠ estimate

Our read after the latest results, written 19 July 2026.

When Veljan Denison reports July to September 2026, these are the check that show whether the story is still on course. First: Operating margin falling below 20%.

Veljan Denison is not on any of our India lists this week.

Veljan Denison Ltd earned ₹7.7 Cr of net profit in the Jun 2026 quarter, +4.8% on the same quarter a year earlier. That is the 2nd quarter in a row of profit growth. Full-year FY26 profit was ₹26.0 Cr. Over 3 years profit has grown 17.6% a year on average. That is 17.7% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹7.3 Cr.

For the full year, FY26 profit was ₹26.0 Cr (+8.3% on the year before).

Why profit moved: revenue changed +2.0% on a year earlier and the margin moved +0.3 percentage points. Sales did the work, and the margin was about flat.

On average over the last four quarters, profit changed +1.1% and revenue +2.1%. Profit and revenue are moving at about the same pace.

FY26-Q3. Revenue at 36.9 Cr. Margin improved slightly to 22.8%.

FY26-Q4. Revenue reached 45.9 Cr, a solid quarter. Margins held steady at 22.4%.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Veljan Denison Ltd reported ₹43.5 Cr of revenue in the Jun 2026 quarter, +2.0% on the same quarter a year earlier. That is the 2nd quarter in a row with growth on the year before. Over 3 years it has grown 10.7% a year on average. The last full year, FY26, came in at ₹164 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹165 Cr.

FY26 revenue was ₹164 Cr, +5.1% on the year before.

Recent pace: the last four quarters grew +2.1% on average, against 10.7% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +2.2%, against +7.6% a year over the last 8 quarters (rolling over); profit over the last 12 months grew +0.8%, against +11.4% a year (rolling over).

FY26-Q3. Revenue at 36.9 Cr. Margin improved slightly to 22.8%.

FY26-Q4. Revenue reached 45.9 Cr, a solid quarter. Margins held steady at 22.4%.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Veljan Denison Ltd's operating margin was 25.7% in the Jun 2026 quarter, 0.3 percentage points higher than the same quarter a year ago. Across 4 years it has been between 21.0% and 24.0%. The latest quarter is above every full year in that period.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why this happened. Consistent orders from key industrial sectors.

Why the margin moved: operating margin changed +0.3 percentage points on the year while gross margin changed −2.2 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

FY26-Q3. Revenue at 36.9 Cr. Margin improved slightly to 22.8%.

FY26-Q4. Revenue reached 45.9 Cr, a solid quarter. Margins held steady at 22.4%.

Why-sources: our stock research file (19 July 2026) and the company’s own results for those quarters.

Over the last 3 years, 92% of Veljan Denison Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹32.0 Cr of operating cash against ₹26.0 Cr of profit. After ₹7.0 Cr of spending on assets, ₹25.0 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 92% of profit came in as cash: the cash cycle stayed about the same between FY23 and FY26, so the cash follows profit, not the cycle.

What to look at next: the bigger use of cash is spending on new assets, at 1.7× depreciation over three years. The next section checks what that spending is building.

Veljan Denison Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 466 days in FY26, up from 464 days in FY23. It spent ₹31.0 Cr on assets over the last 3 years. Customers take 81 days to pay, and stock sits for 447 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹164 Cr, each day of that cycle ties up about ₹0.4 Cr, so roughly ₹209 Cr is tied up in the business at any time.

FY26: customers took 81 days to pay and stock sat for 447 days, about 14.7 months of sales sitting as stock, for a full cycle of 466 days, longer than FY23's 464.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 447 days. Customers pay about 81 days after that. Suppliers are paid at 63 days. Together that makes the 466-day cycle.

Spending on assets: ₹31.0 Cr over the last 3 years, against ₹18.0 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹2.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Veljan Denison Ltd's P/E is 35.1×, near the high end of its own history: higher than 88% of past readings. Its usual P/E (the middle reading) is 23.1×, over 3.4 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple.

Worked out from its price on 27 August 2026, Veljan Denison Ltd's share price assumed profit growth of about 18.7% a year. Over the past 3 years its profit actually grew 17.6% a year. Today its P/E is 35.1×, higher than 88% of its own last 3.4 years.

This works the share price backwards. It asks one question: what yearly profit growth does the price already assume? The answer is the growth rate at which eleven years of profit (six years of growth, then five years of slowing) add up to that day's market value, after each year is discounted at 11%.

This is a one-day reading, taken on 27 August 2026. Every other number on this page, the multiple included, uses the latest price as of 6 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements.

Veljan Denison Ltd's business is slowing from a peak. Profit and EPS growth have slowed sharply (profit growth from +34.7% at its peak to +0.8% now), while ROCE is still 15.0%. This is based on 12 quarters of 4 measures.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: slowing from a peak is where good stories often end quietly.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Veljan Denison Ltd's story is not scored yet against the checks our research set on 19 July 2026. Where it sits in its own cycle: MID CONTRACTION. Still open: A persistent drop in operating margins below 18% or declining cash flows for two consecutive quarters.

NOT YET CHECKED

Our read, 19 July 2026. Steady hydraulic equipment manufacturer riding infrastructure demand.

From the price. Price stage 2, week 18, above its 200-day line, relative strength rising.

From the research. Steady hydraulic equipment manufacturer riding infrastructure demand.

What is proven. Steady hydraulic equipment manufacturer riding infrastructure demand.

What is not proven yet. A persistent drop in operating margins below 18% or declining cash flows for two consecutive quarters.

What would change our mind. A persistent drop in operating margins below 18% or declining cash flows for two consecutive quarters.

The test written in advance. A persistent drop in operating margins below 18% or declining cash flows for two consecutive quarters. Measured by: the thesis as written as stated by the next result.

The test written in advance. Input Cost Inflation. Measured by: Input Cost Inflation OPM falling below 20% by the next result.

What the company does. Revenue growth steady at mid-single digits. Operating margins stable around 22-25%. Cash flow conversion is strong with low debt.

The key numbers to watch, and the level that would change the picture

Everything further down this page is evidence for or against these.

• 1 · Operating leveragebuilding
• 2 · Value-added mixquiet
• 3 · Management changequiet
• 4 · Paying down debtquiet
• 5 · Regulatory approvalquiet
• 6 · Order-book winsquiet
• 7 · Consolidationquiet
• 8 · Demerger or value unlockquiet
• 9 · Buybackquiet
• 10 · New geographiesquiet
• 11 · More business from existing customersquiet
• 12 · New product launchquiet
• 13 · Mandatory normsquiet
• 14 · A bigger market to servequiet
• 15 · Market-share gainsquiet
• 16 · Asset qualityquiet

Lever 1 · Operating leverage: building. Demand from mining and construction supports top-line. What proves it keeps working: Infrastructure Demand. It stops working if Infrastructure spending slows significantly.

Sources: our stock research file (19 July 2026) · quarterly results through Jun 2026. The story check is re-scored every results season; the record below never changes.

The whole page in one table. Each row links to its section.

Veljan Denison Ltd earned a ROCE of 15% in FY26. Its return on capital used (ROIC) is 0.8 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 15.9% net margin and 0.58× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 15.9% net margin × 0.58× asset turnover × 1.13× leverage (assets divided by equity) ≈ 10.4% on equity. The margin does most of the work; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 12.8% − 12.0% = +0.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Positive but thin: it creates value with little room for error.

Veljan Denison Ltd has total debt of ₹1.0 Cr against shareholder equity of ₹251 Cr as of Jun 2026, so its debt is 0.00× its equity, which is very little. Year by year, that ratio went from 0.04 in FY22 to 0.00 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

No group of Veljan Denison Ltd's owners changed its stake by a full percentage point over the last two years. Domestic institutions moved +0.0 points over the same period, to 0.0%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: +0.0 points over 8 quarters, to 75.0%; Domestic institutions: +0.0 points over 8 quarters, to 0.0%.

For Veljan Denison Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

40.3 out of 100, rank 4 of 5 in Compressors, with 81% of the evidence available.

Veljan Denison Ltd scores 40.3 out of 100 against the 5 companies it is compared with in Compressors, ranking 4. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer.

The four parts add up to the total exactly: 12 + 10.8 + 5 + 12.5 = 40.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here.

What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector.

Veljan Denison ranks 4 of 5 Compressors companies on the 4-Factor Sector Score, with 40.3 out of 100.

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read.

The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section.

Related companies: Compressors, all 5 compared on one page.

Veljan Denison is the 4th largest of 5 Compressors companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Elgi Equipments, Ingersoll-Rand (India) and Kirloskar Pneumatic Company. Just below it: Airfloa Rail Technology.

Compressors companies close in size

1. Elgi Equipments Ltd ₹16,132 crore
2. Ingersoll-Rand (India) Ltd ₹12,717 crore
3. Kirloskar Pneumatic Company Ltd ₹6,998 crore
4. Veljan Denison Ltd ₹922 crore
5. Airfloa Rail Technology Ltd ₹861 crore

All 5 Compressors companies, largest first

Companies close in size in other industries

1649. Sacheerome Ltd ₹922 crore · Chemicals - Organic
1650. Tejas Cargo India Ltd ₹922 crore · Logistics
1651. Veljan Denison Ltd ₹922 crore
1652. Tankup Engineers Ltd ₹921 crore · Engineering - Light - General
1653. Subex Ltd ₹920 crore · IT - Software

Sector Alpha, written by code from the published numbers. Data as of 6 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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