Veljan Denison Ltd
VELJANVeljan Denison Ltd is strength at full price. The numbers are improving — and a P/E at the 85th percentile of its own range says the market knows.
The sharpest disagreement: the engine is strong, but at the 85th percentile of its own range you are paying full price for it.
The price is in a confirmed uptrend (11 weeks in) while the P/E sits at the 85th percentile of its own 3-year range. Underneath, the last four quarters read improving — profit +4.8% year on year, and 92% of the last 3 years' profit arrived as cash. What settles it: whether the earnings grow into the multiple.
Price story Before the numbers, the tape. A stock price moves through four repeating seasons: a flat base (stage 1), an advance (2), a top (3), a decline (4). Where the price sits in that cycle frames everything below.
Veljan Denison Ltd trades at ₹1,885, in a confirmed uptrend and 11 weeks into that stage. That is +36.3% against its own 200-day average. It sits at 100% of a 52-week range of ₹992 to ₹1,885. On relative strength it has been ahead of the NIFTY 500 on a trailing-13-week view for 16 straight weeks.
Today the stock is in a confirmed uptrend — week 11 of stage 2, confirmed. At ₹1,885 it trades +36.3% versus its 200-day average and sits at 100% of its 52-week range (₹992–₹1,885).
Against the market, two honest reads. Cumulative: over the last 5 months the stock moved +90% while the NIFTY 500 moved −1% — ahead of the index over the full window. Recent form: on a trailing-13-week view the stock has been ahead for 16 straight weeks — the ribbon below is that same metric, week by week.
What would end the trend, mechanically: two Friday closes in a row below the 200-day line. That is the exit rule — no debates.
Story check
Veljan Denison Ltd's story is not scored yet against the markers our research file 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. Our fortnightly research layers last read it on 22 August 2026.
Our read, 19 July 2026. Steady hydraulic equipment manufacturer riding infrastructure demand.
From the numbers. PE at 64th percentile, fairly priced.
From the price. Price stage 2, week 11 — above its 200-day line, relative strength rising.
From the research. Steady hydraulic equipment manufacturer riding infrastructure demand.
🚨 Where they disagree. PE at 64th percentile, fairly priced.
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.
🚨 Layer 1 read, 22 August 2026 — DROP. Profitable, debt-free and going nowhere — the shares re-rated 38% while profits stood still. Veljan makes hydraulic pumps and valves and does it well: a 25.7% operating margin in the June 2026 quarter [C002 records the same 22.5% level a quarter earlier], no borrowings, and cash coming in faster than reported profit. The problem is that it has stopped growing — sales of ₹43.48 crore were 2.0% above the same quarter a year earlier and trailing twelve-month profit has sat at ₹25-26 crore for six quarters running. Yet the price paid for those same profits went from 22.3 to 30.7 times earnings over the year, so the entire move came from investors paying more for an unchanged business — and with foreign holding at nil and domestic institutions at 0.01% of a 25% free float, there is no…
What would change Layer 1’s mind. Sharpening the timeline's own line ("a persistent drop in operating margins below 18% or declining cash flows for two consecutive quarters") to this decision's level: what would flip this verdict UP is two consecutive quarters of sales growth above 10% with margin held at 22% or better — the plateau breaking, with a nameable reason such as an announced capacity addition or a first disclosed order book. What would flip it to DROP is sales turning negative year on year with operating margin…
The test written in advance. A persistent drop in operating margins below 18% or declining cash flows for two consecutive quarters. — the thesis as written as stated by the next result.
The test written in advance. Input Cost Inflation — 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.
| Dial | Now | Was | Why it matters | Watch line |
|---|---|---|---|---|
| Infrastructure Demand | MEDIUM | — | Demand from mining and construction supports top-line. | Infrastructure spending slows significantly. |
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 26. The story check is re-scored every results season; the record below never changes.
| Section | Where it is now | Vs a year ago | The one thing to watch next | Read |
|---|---|---|---|---|
| Margin | 24.07% | — | Infrastructure Demand |
Revenue Revenue is the top line: everything the company billed its customers in the period.
Veljan Denison Ltd reported ₹43.5 Cr of revenue in the Jun 26 quarter, +2.0% year on year. That is the 2nd straight quarter of year-on-year growth. Over 3 years it has compounded at 10.7% a year. The last full year, FY26, came in at ₹164 Cr. The last four reported quarters add to ₹165 Cr.
FY26 revenue came in at ₹164 Cr (+5.1% on the year), capping 3 years at 10.7% compound. The latest quarter (Jun 26) printed ₹43.5 Cr, +2.0% year on year — the 2nd consecutive quarter of year-over-year growth.
Pace check: the last four quarters averaged +2.1% growth against the decade's 10.7% — the current year is running slower than its own long-run rate.
Acceleration check: trailing-twelve-month revenue grew +2.2% over the last 4 quarters against +7.6%/yr over the last 8 — rolling over; TTM profit +0.8% vs +11.4%/yr — 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.
Operating margin Operating margin is what is left of every ₹100 of sales after running the business, before interest and tax. It is the cleanest read on pricing power and cost control.
Veljan Denison Ltd's operating margin is 25.7% in the Jun 26 quarter, +0.3 percentage points against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged 21.0% to 24.0%. The current quarter is running above every full year in that window.
Why this happened. Consistent orders from key industrial sectors.
The latest quarter's operating margin is 25.7%, +0.3 pp against the same quarter a year ago. Across 4 fiscal years the operating margin has ranged 21.0%–24.0%.
Why the margin moved: operating margin went +0.3 pp year on year while gross margin went −2.2 pp — the gain came mostly from the gross line: input costs and pricing.
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.
Net profit Net profit is what survives every cost, interest and tax — the number EPS, dividends and book value all grow from.
Veljan Denison Ltd earned ₹7.7 Cr of net profit in the Jun 26 quarter, +4.8% year on year. It is the 2nd consecutive quarter of growth. Full-year FY26 profit was ₹26.0 Cr. The 3-year compound rate is 17.6%. That is 17.7% of the quarter's revenue. The same quarter a year earlier earned ₹7.3 Cr.
Jun 26 profit was ₹7.7 Cr, +4.8% year on year — the 2nd consecutive quarter of growth. On the full year, FY26 printed ₹26.0 Cr (+8.3%), and the 3-year compound rate is 17.6%.
Why profit moved: revenue contributed +2.0% and the margin +0.3 pp — the quarter was revenue-led, with the margin roughly flat.
Pace comparison, last four quarters: profit +1.1% vs revenue +2.1%. Profit and revenue are moving roughly in step.
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.
Cash flow — the router The P&L says what was earned; the cash-flow statement says what actually arrived. Operating cash flow (CFO) against profit is the cleanest lie detector in the accounts.
Over the last 3 fiscal years 92% of Veljan Denison Ltd's reported profit arrived as operating cash — the cash follows the profit. In FY26 that was ₹32.0 Cr of operating cash against ₹26.0 Cr of profit. After ₹7.0 Cr of capital spending, ₹25.0 Cr was left as free cash.
FY26: operating cash of ₹32.0 Cr against reported profit of ₹26.0 Cr, leaving free cash of ₹25.0 Cr after ₹7.0 Cr of capital spending. Across the last 3 fiscal years the conversion rate is 92% of profit.
Cash-flow readings here are annual — that is the resolution our series carries, so this section moves once a year.
Why conversion sits at 92%: the cash cycle held roughly steady between FY23 and FY26 — so conversion tracks profitability rather than the cycle.
Router verdict: the bigger cash user is investment — capital spending ran 1.7× depreciation over three years, so the next section's job is to check what that build-out is buying.
Where the cash goes Working capital is the cash tied up between paying suppliers and getting paid: debtor days (customers owe), inventory days (stock waits), and the cash conversion cycle (the whole loop, in days of sales).
Veljan Denison Ltd's cash conversion cycle runs 466 days in FY26, up from 464 days in FY23. Capital spending ran ₹31.0 Cr over the last 3 years. At FY26 sales of ₹164 Cr each day of that cycle holds about ₹0.4 Cr, so roughly ₹209 Cr sits inside the business at any moment.
FY26: debtors at 81 days, inventory at 447 days — roughly 14.7 months of stock waiting to sell; that is where the cash sits while it waits — for a full cycle of 466 days, looser than FY23's 464.
The full loop: cash goes out to suppliers and production on day 0; stock waits 447 days to sell; customers pay about 81 days after that; and suppliers themselves are paid at 63 days — netting out to the 466-day cycle.
In money terms: at FY26 sales of ₹164 Cr, each day of the cycle holds about ₹0.4 Cr — so the 466-day loop keeps roughly ₹209 Cr sitting inside the business at any moment.
On the investment side: capital spending of ₹31.0 Cr over the last 3 fiscal years against ₹18.0 Cr of depreciation — the company is building well ahead of wear-and-tear. Capital work-in-progress stands at ₹2.0 Cr (FY26) — capacity paid for but not yet earning.
The synthesis: the cash is going into capacity, not disappearing into the cycle — the question becomes whether the new capacity earns.
Return on capital Return on capital employed (ROCE) is the profit the whole business earns on all the money in it — equity and debt together. It is the single best test of whether growth creates value or just size.⚠ unverified
Veljan Denison Ltd earns a ROCE of 15% in FY26. Return on invested capital clears the cost of that capital by +0.4 percentage points, so growth here adds value rather than only size. The wiring behind it is 15.9% net margin on 0.58× asset turns.
FY26 ROCE is 15%.
Why the return is what it is — the wiring (FY26): 15.9% net margin × 0.58× asset turns × 1.13× balance-sheet leverage ≈ 10.4% on equity. Margin is doing the heavy lifting; leverage is modest — this is an earned return, not a borrowed one.
The capstone test — ROIC − WACC: 12.4% − 12.0% = a +0.4 pp spread. The 12.0% is a standing assumption for the cost of capital in India, not a per-stock estimate — read the sign and the size of the spread, not the decimals. Positive but thin — value creation with little room for error.
Debt Debt-to-equity says how much of the business is funded by borrowings. Low is the safe corner; the trend matters as much as the level.⚠ unverified
Veljan Denison Ltd carries total debt of ₹1.0 Cr against shareholder equity of ₹251 Cr as of Mar 26, a debt-to-equity of 0.00 — effectively unlevered. On the annual view that ratio went from 0.04 in FY22 to 0.00 in FY26. The returns elsewhere on this page are therefore earned rather than borrowed.
Mar 26: total debt of ₹1.0 Cr against shareholder equity of ₹251 Cr — a debt-to-equity of 0.00. On the annual view, debt-to-equity went from 0.04 (FY22) to 0.00 (FY26). The returns on this page are earned, not borrowed.
Ownership Who owns the stock, quarter by quarter: promoters (the controlling owners), foreign and domestic institutions, and the public. Steady accumulation by people close to the numbers is a signal; a quiet register is also an answer.
No holder of Veljan Denison Ltd moved a full percentage point over the last two years — the register is quiet. Domestic institutions moved +0.0 points over the same window, to 0.0%. The register is read on the four disclosed classes only; nothing is inferred between filings.
The register 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%.
Safety line The Z-score estimates how far a company sits from balance-sheet distress — above roughly 3 is safe, below roughly 1.8 is the danger zone. It was built for manufacturers, so it is not applied to banks and lenders.
Veljan Denison Ltd: the Z-score is not available for this stock, so we say so rather than invent one. It is a distance-to-distress estimate from the balance sheet, not a forecast of failure. The debt, cash-flow and return sections above carry the balance-sheet evidence this page does hold, and each of them states its own reporting date.
The safety line in one sentence: the Z-score is not available for this stock, so we say so rather than invent one.
Valuation P/E is the price of ₹1 of annual profit: how many rupees the market pays for each rupee the company earns in a year.
Veljan Denison Ltd trades at 32.5× P/E, at the pricey end of its own range (85th percentile). Its long-run median P/E is 22.8×, measured across 3.3 years of weekly readings. This places the multiple against the stock’s own record, and says nothing about what the business is worth.
Today's P/E of 32.5× is at the pricey end of its own range (85th percentile), against a long-run median of 22.8× measured over 3.3 years of weekly readings. This is a comparison against the stock's own history — not a claim about what it is worth.
Put together: the multiple is full against its own past, so the story rests on the earnings line underneath it, not the multiple.
A quarterly PEG curve, which only the second data source carries, is not drawn on this page: its two data sources do not share enough overlapping reported history to be compared. A figure nobody could check is not used to price growth — the gap is a decision, not missing data.
What the price assumes This reading works the multiple backwards. It asks one question: what yearly rate of profit growth is a buyer at the market price already paying for? The number is the growth rate that makes eleven years of profit — six years growing, then five fading — add up to that day's market price, once each year is discounted at 11% a year.
Solved at its 27 August 2026 price, Veljan Denison Ltd was paying for profit growth of about 18.7% a year. Profit itself has compounded 17.6% a year over the past 3 years. Today the market pays 32.5× P/E, the 85th percentile of its own 3-year range.
What the two numbers say together. The multiple is full against its own past, and the growth the price is paying for is close to what this company has actually delivered.
How to hold this number: it is a reading of one day's price, taken on 27 August 2026, not a running figure — every other number on this page, the multiple included, is read off the live quote as of 11 September 2026. A higher price is paying for more growth and a lower price for less, so it moves whenever the price does, and this page does not restate it between measurements.
Stage: Consistent Every business sits somewhere on a fundamental arc, and this page names the spot before anything else. The last twelve quarters of revenue, profit and EPS growth — plus the return the business earns on its capital — are read as curves: Deteriorating (the curves are falling), Turning around (a trough has just formed and the last few quarters lift off it), Improving (the climb off the trough is sustained), Consistent (steadily positive with healthy returns), Topping out (still high but decelerating from the peak). When the curves genuinely disagree the read is Mixed; too little history is No read. CAGR (compound annual growth rate) is the smooth yearly pace that turns the starting value into the latest one — the fairest way to compare growth across different time spans. Read the columns together: if the 1-year number towers over the 10-year, recent growth is running hotter than the long-run trend. A dash means that window is not held, or the base year was a loss (where a growth rate is not meaningful).
Veljan Denison Ltd reads as consistent on its fundamental arc. Consistent — revenue and profit growth have stayed positive through the window, with ROCE at 15.0% and holding. The read is built from 10 quarters across 3 curves, on partial evidence.
Why it matters: steady curves with healthy returns are the compounding setup — the risk is the price, not the business.
One or more growth curves carry a base-effect spike — a large year-on-year move off a near-zero or loss-making comparable quarter. Those spikes are capped before the classifier reads the trajectory, and shown pinned on the chart, so a single distorted quarter does not drive the stage call.
Return readings here are annual, not quarterly — read as level and direction only; they can confirm the growth curves but never drive the stage on their own.
A partial read: at least one curve is short, or the returns curve is not the computed quarterly series — hold the stage word a little more loosely.
| 1yr | 3yr | 5yr | 10yr | |
|---|---|---|---|---|
| Revenue | +5.1% | +10.7% | — | — |
| Profit | +8.3% | +17.6% | — | — |
| EPS | +8.9% | +17.3% | — | — |
4-Factor Sector Score
44.0/100 — rank 3 of 5 in Compressors · 72% evidence confidence
Veljan Denison Ltd scores 44.0 out of 100 against the 5 companies it is compared with in Compressors, ranking 3. Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.
The four contributions add to the total exactly: 10 + 11.8 + 10.5 + 11.7 = 44. This is the SAME number shown on the sector comparison — it is computed once, for the whole peer set, and read here.
What would change it: The read weakens if profit growth turns negative or margin improvement reverses while sector-relative strength deteriorates.
| Company | Score | Price stage | Growth & earnings/35 | Capital efficiency/25 | Valuation/20 | Relative strength/20 |
|---|---|---|---|---|---|---|
| 1Kirloskar Pneumatic Company LtdKIRLPNU | 48.4/100Mixed-negative evidence93% evidence | BASING | 26.7/35 Revenue 9.7% · PAT 25.2% · OPM change 3 pp 100% evidence | 14.0/25 ROCE 29.6% · OPM 15% 100% evidence | 5.9/20 P/E 35.6× · PEG 2.73 65% evidence | 1.8/20 RS sector -51.5% · RS bench 11.2% · 1Y -43.4%1 of 12 weeks ahead 100% evidence |
| Exact sum: 26.7 + 14 + 5.9 + 1.8 = 48.4 · Decision use: Acceleration candidate, not a confirmed leader: earnings are strong but sector-relative strength is -51.5% and the one-year return is -43.4%. Do not upgrade until sector-relative strength is above zero and another reported period confirms growth. | ||||||
| 2Elgi Equipments LtdELGIEQUIP | 44.8/100Mixed-negative evidence100% evidence | FADING | 20.3/35 Revenue 15.9% · PAT 22.8% · OPM change 1 pp 100% evidence | 10.1/25 ROCE 22.1% · OPM 15% 100% evidence | 11.0/20 P/E 42.2× · PEG 1.68 100% evidence | 3.4/20 RS sector -8.8% · RS bench 18.4% · 1Y 29.5%6 of 12 weeks ahead 100% evidence |
| Exact sum: 20.3 + 10.1 + 11 + 3.4 = 44.8 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 3Veljan Denison Ltdthis pageVELJAN | 44.0/100Mixed-negative evidence72% evidence | BREAKING OUT | 10.0/35 Revenue 2.2% · PAT 0.8% · OPM change 0.3 pp 95% evidence | 11.8/25 ROCE 15% · OPM 25.7% 95% evidence | 10.5/20 P/E 32.5× · PEG — 50% evidence | 11.7/20 RS sector — · RS bench 53% · 1Y —9 of 9 weeks ahead 25% evidence |
| Exact sum: 10 + 11.8 + 10.5 + 11.7 = 44 · Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction. | ||||||
| 4Ingersoll-Rand (India) LtdINGERRAND | 31.3/100Adverse evidence100% evidence | BREAKING OUT | 7.4/35 Revenue 8.6% · PAT 0.8% · OPM change 0 pp 100% evidence | 18.1/25 ROCE 57.1% · OPM 24% 100% evidence | 1.0/20 P/E 52.6× · PEG 3.19 100% evidence | 4.8/20 RS sector -11% · RS bench 15.4% · 1Y 20.2%7 of 12 weeks ahead 100% evidence |
| Exact sum: 7.4 + 18.1 + 1 + 4.8 = 31.3 · Decision use: Strong business, demanding price: keep it on the quality list, but require either earnings upgrades or valuation compression. | ||||||
| 5Airfloa Rail Technology Ltd544516 | 59.6/100Thin evidence · provisional41% evidence | BREAKING OUT | 16.1/35 Revenue — · PAT — · OPM change -6 pp 14% evidence | 15.7/25 ROCE 25.6% · OPM 18% 76% evidence | 10.8/20 P/E 33.2× · PEG — 15% evidence | 17.0/20 RS sector 25.4% · RS bench 63.2% · 1Y 85%6 of 12 weeks ahead 70% evidence |
| Exact sum: 16.1 + 15.7 + 10.8 + 17 = 59.6 · Decision use: Fill the missing evidence before acting; the ranking is deliberately pulled toward neutral. | ||||||
Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. 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 curve the sector itself 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 widening or shrinking. It describes where the PRICE stands, not the earnings trajectory and not a recommendation, and it is left blank for a company whose weekly history is too short or too stale to read.
Frequently asked questions
What is Veljan Denison Ltd's share price today?
Veljan Denison Ltd trades at ₹1,885. The company is valued at ₹850 Cr. The stock sits at the very top of its 52-week range (₹992–₹1,885), +36.3% versus its 200-day average. On the tape, the price is in a confirmed uptrend, 11 weeks in. — as of 11 September 2026.
What were Veljan Denison Ltd's latest quarterly results?
Veljan Denison Ltd reported revenue of ₹43.5 Cr and net profit of ₹7.7 Cr for the Jun 26 quarter. Revenue rose 2.0% and profit rose 4.8% year on year. Earnings per share were ₹17.07. The operating margin was 25.7%, 0.3 pp higher than a year earlier. — as of 11 September 2026.
What is Veljan Denison Ltd's revenue?
Veljan Denison Ltd reported revenue of ₹43.5 Cr in the Jun 26 quarter, +2.0% year on year. For the full FY26 fiscal year, revenue was ₹164 Cr (+5.1%). Over the last 3 years revenue compounded at 10.7% a year. — as of 11 September 2026.
What is Veljan Denison Ltd's profit?
Veljan Denison Ltd earned ₹7.7 Cr of net profit in the Jun 26 quarter, +4.8% year on year — the 2nd straight quarter of growth. Full-year FY26 profit was ₹26.0 Cr. The operating margin ran 25.7% in the latest quarter. — as of 11 September 2026.
What is Veljan Denison Ltd's market cap?
Veljan Denison Ltd's market capitalisation is ₹850 Cr at a share price of ₹1,885. Market cap is the share price multiplied by shares outstanding, so it is restated whenever the price moves. — as of 11 September 2026.
What is Veljan Denison Ltd's P/E ratio?
Veljan Denison Ltd trades at a P/E of 32.5×, at the 85th percentile of its own 3-year range, against a long-run median of 22.8×. This is a comparison with the stock's own history, not a value call — as of 11 September 2026.
Does Veljan Denison Ltd pay a dividend?
Yes — Veljan Denison Ltd's dividend payout was 15% of profit in FY26, and it recorded a payout in each of its last 4 reported fiscal years. This page holds the payout ratio, not a per-share amount. — as of 11 September 2026.
Is Veljan Denison Ltd overvalued?
On its own history, Veljan Denison Ltd looks expensive: its P/E of 32.5× sits at the 85th percentile of its 3-year range (long-run median 22.8×). That is a percentile read against the stock's own past, not a price opinion or a direction call. — as of 11 September 2026.
Is Veljan Denison Ltd growing?
Yes — Veljan Denison Ltd is growing: latest-quarter revenue +2.0% year on year, profit +4.8%, and the margin +0.3 pp at 25.7%. The 3-year compound rates are 10.7% (revenue) and 17.6% (profit). The earnings engine currently reads: improving — as of 11 September 2026.
How is Veljan Denison Ltd performing?
Veljan Denison Ltd is in a confirmed uptrend, 11 weeks in. Its latest quarter's revenue rose 2.0% and profit rose 4.8% year on year. Against the NIFTY 500 it has been ahead on a trailing-13-week view for 16 weeks. This describes what the data did, not a rating. — as of 11 September 2026.
What stage is Veljan Denison Ltd in?
Consistent — revenue and profit growth have stayed positive through the window, with ROCE at 15.0% and holding. The read comes from the last 12 quarters of growth (revenue growth +2.0% latest, profit growth +4.8% latest) plus the ROCE curve, classified by deterministic rules — a trajectory read, not a buy or sell call — as of 11 September 2026.
Is Veljan Denison Ltd in an uptrend?
Yes — the price is in a confirmed uptrend (week 11 of stage 2), trading +36.3% versus its 200-day average and at the very top of its 52-week range. Price stages cycle base → advance → top → decline, and the stage names where this stock sits in that cycle — as of 11 September 2026.
Is Veljan Denison Ltd beating the market?
On recent form, yes — Veljan Denison Ltd has been ahead of the NIFTY 500 on a trailing-13-week view for 16 straight weeks, the same metric the week-by-week ribbon on this page draws. Separately, on the cumulative view: over the last 5 months the stock moved +90% against the NIFTY 500's −1% — ahead of the index over the full window. — as of 11 September 2026.
Will Veljan Denison Ltd's share price go up?
This page publishes no price forecast for Veljan Denison Ltd. What it measures instead: the share price is ₹1,885, the price is in a confirmed uptrend 11 weeks in. Its P/E of 32.5× sits at the 85th percentile of its own 3-year range. — as of 11 September 2026.
Who owns Veljan Denison Ltd?
Promoters hold 75.0% of Veljan Denison Ltd, foreign institutions null%, domestic institutions 0.0% and the public 25.0% (latest quarter). No holder moved a full point over the last two years — the register is quiet. — as of 11 September 2026.
Does Veljan Denison Ltd have too much debt?
No — Veljan Denison Ltd's debt-to-equity is 0.00, and operating profit covers the interest bill 40×. FY26 borrowings were ₹1.0 Cr against equity of ₹250 Cr. The returns on this page are earned, not borrowed — as of 11 September 2026.
What is Veljan Denison Ltd's capex?
Veljan Denison Ltd spent ₹31.0 Cr on capital expenditure over the last 3 fiscal years, a figure derived from the change in fixed assets plus depreciation. In FY26 alone that was ₹7.0 Cr, with ₹2.0 Cr in capital work-in-progress — capacity paid for but not yet earning. — as of 11 September 2026.
What is Veljan Denison Ltd's cash flow?
Veljan Denison Ltd generated ₹32.0 Cr of operating cash flow in FY26 and ₹25.0 Cr of free cash flow after ₹7.0 Cr of capital spending. Reported profit that year was ₹26.0 Cr, so operating cash ran ahead of profit. Cash-flow resolution for India is annual. — as of 11 September 2026.
Is Veljan Denison Ltd's profit real cash?
Yes — over the last 3 fiscal years, 92% of Veljan Denison Ltd's reported profit arrived as operating cash. In FY26, operating cash was ₹32.0 Cr against reported profit of ₹26.0 Cr. The cash then goes mostly into building capacity. Cash-flow resolution is annual — as of 11 September 2026.
Where is Veljan Denison Ltd in its business cycle?
Veljan Denison Ltd's FY26 operating margin was 24.0%, against a 4-year band of 21.0%–24.0%: mid-band by its own history — neither the peak that precedes mean-reversion nor the trough that precedes recovery. The latest quarter ran 25.7%. Profitability versus a company's own long band is the cleanest cycle clock this page holds — as of 11 September 2026.
What growth does Veljan Denison Ltd's price assume?
At its price on 27 August 2026, Veljan Denison Ltd was priced for profit growth of about 18.7% a year. Profit itself has compounded 17.6% a year over the past 3 years. The figure reads the multiple backwards: the growth a buyer at that price was already paying for. — as of 11 September 2026.
What could break the Veljan Denison Ltd story?
The sharpest disagreement: the engine is strong, but at the 85th percentile of its own range you are paying full price for it. Mechanically, two Friday closes in a row below the 200-day average would end the price trend — that is the exit rule this page tracks — as of 11 September 2026.
Is Veljan Denison Ltd a stock worth studying right now?
This is not investment advice. The machine read: Veljan Denison Ltd is strength at full price. The numbers are improving — and a P/E at the 85th percentile of its own range says the market knows. The sharpest open question: whether the earnings grow into the multiple. Every number on this page is drawn deterministically from the raw series, with no forecasts and no price opinions — as of 11 September 2026.
Not SEBI Registered !! Not Investment advice !!