# Veljan Denison share price today (Veljan Denison Ltd, NSE: VELJAN)

> Veljan Denison share price today: ₹2,008.70 at the NSE close on 4 November 2026. Veljan Denison (NSE: VELJAN) is worth ₹903 crore and trades at a P/E of 34.5. > Veljan Denison Ltd's results are improving, and its P/E is near the top of its own history, higher than 87% of past readings. VELJAN · Compressors · data as of 4 November 2026. Page: https://www.sectoralpha.in/stocks/veljan-denison-ltd

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## Key numbers

- Business trend: Slowing from a peak, from the last 12 quarters
- Price: ₹2,008.70
- P/E: 34.5× (higher than 87% of the last 3.4 years)
- Revenue (Jun 2026): ₹43.5 Cr (+2.0% on a year ago)
- Profit (Jun 2026): ₹7.7 Cr (+4.8% on a year ago)
- Operating margin: 25.7% (+0.3 points on a year ago)
- ROCE: 15%, FY26
- ROIC: 12.8%, against a 12.0% cost of capital: +0.8 points

The main question: results are strong, and the P/E is higher than 87% of its own history. ## What is the Veljan Denison share price today? Veljan Denison Ltd's share price was ₹2,008.70 at the close on 4 November 2026. It has been rising for 18 weeks. That is 24.1% 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. 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 60% of the way up from that low. Over the last 6 months the share price moved +103% 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. ## What changed at Veljan Denison this quarter? 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. ## What are Veljan Denison's latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹43.5 crore | ₹42.6 crore | +2.0% |
| Profit | ₹7.68 crore | ₹7.33 crore | +4.8% |
| Earnings per share | ₹17.07 | ₹16.29 | +4.8% |
| Operating margin | 25.7% | 25.4% | +0.3 points |

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.)

## What is the Veljan Denison share price history? Veljan Denison closed at ₹2,008.70 on 4 November 2026. Its highest weekly close since April 2026 was ₹2,681.65 on 9 October 2026. ### Veljan Denison share price: then and now

| When | Close | Change to 4 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 30 Oct 2026 | ₹2,027.15 | −0.9% |
| 1 month ago · 1 Oct 2026 | ₹2,251.85 | −10.8% |
| 6 months ago · 8 May 2026 | ₹1,045.00 | +92.2% |
| Earliest and lowest weekly close in our records · 17 Apr 2026 | ₹991.55 | +102.6% |
| Highest weekly close since April 2026 · 9 Oct 2026 | ₹2,681.65 | −25.1% |

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (38 weekly closes from 17 April 2026 to 4 November 2026.)

## What is the latest news on Veljan Denison? 4 Nov 2026: Veljan Denison closed at ₹2,008.70, down 0.9% on the week and down 10.8% 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.)

## What dividend does Veljan Denison pay? Veljan Denison paid ₹8.50 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.42% at the ₹2,008.70 close on 4 November 2026. The last was a dividend of ₹8.50 a share, ex-date 21 August 2026. ### Veljan Denison dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 21 Aug 2026 | ₹8.50 | Dividend | 22 Aug 2026 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 0 of 5 Of the last 5 financial years, years with an NSE dividend record

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 5 November 2026.)

## What is the future of Veljan Denison? What is changing in the business? 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.)

## What could change the Veljan Denison story? What are the risks? 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.)

## What to watch in Veljan Denison's next results? 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%. | What to check | Why |
| --- | --- |
| Operating margin falling below 20%. | Input Cost Inflation |

## Which stock lists is Veljan Denison on? Veljan Denison is not on any of our India lists this week. ## Is Veljan Denison profitable? 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. 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. ## How much revenue does Veljan Denison make, and is it growing? 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. 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. ## How much of every ₹100 of sales does Veljan Denison keep? 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. 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. ## Is Veljan Denison's profit turning into cash? 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. 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. ## Where does Veljan Denison's cash go? 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. 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. ## What is Veljan Denison's P/E ratio, and how does it compare with its own history? Veljan Denison Ltd's P/E is 34.5×, near the high end of its own history: higher than 87% 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. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the Veljan Denison share price assume? 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 34.5×, higher than 87% of its own last 3.4 years. 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 4 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. ## Is the Veljan Denison business getting better or worse? 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. Why it matters: slowing from a peak is where good stories often end quietly. ## What is the Veljan Denison story, and has it been checked? 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. Our read, 19 July 2026. Steady hydraulic equipment manufacturer riding infrastructure demand. From the numbers. 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. Where they disagree. 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. 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. ## How much does Veljan Denison earn on its capital? 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). 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. ## Does Veljan Denison have too much debt? 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. ## What is the Veljan Denison shareholding pattern? 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. 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%. ## How far is Veljan Denison from balance-sheet trouble? 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. ## How does Veljan Denison rank in its industry? 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. ## Which companies is Veljan Denison compared with? Veljan Denison ranks 4 of 5 Compressors companies on the 4-Factor Sector Score, with 40.3 out of 100. 1. [Elgi Equipments Ltd](https://www.sectoralpha.in/stocks/elgi-equipments-ltd) ELGIEQUIP · losing its lead · Evidence leans up · 96% evidence 55.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.2/35 · Revenue 15.9% · Profit 22.8% · Operating margin change 1 points · 88% evidence Capital efficiency 12.4/25 · ROCE 22.1% · Operating margin 15% · 100% evidence Valuation 13.3/20 · P/E 34.8× · PEG 1.68 · 100% evidence Relative strength 4.2/20 · Lead over its industry -15.3% · Lead over NIFTY 500 -1% · 1 year 2.3% · 100% evidence · 6 of 12 weeks ahead Exact sum: 25.2 + 12.4 + 13.3 + 4.2 = 55.1 · What this means: Earnings are strong; relative strength in its sector is -15.3% and the one-year return is 2.3%. 2. [Kirloskar Pneumatic Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-pneumatic-company-ltd) KIRLPNU · quiet · Evidence leans up · 93% evidence 51.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Revenue 9.1% · Profit 39.3% · Operating margin change -3 points · 100% evidence Capital efficiency 15.4/25 · ROCE 29.6% · Operating margin 12% · 100% evidence Valuation 11.8/20 · P/E 27.9× · PEG 1.48 · 65% evidence Relative strength 0.0/20 · Lead over its industry -26.4% · Lead over NIFTY 500 -14.6% · 1 year -3.8% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.3 + 15.4 + 11.8 + 0 = 51.5 · What this means: Earnings are strong; relative strength in its sector is -26.4% and the one-year return is -3.8%. 3. [Ingersoll-Rand (India) Ltd](https://www.sectoralpha.in/stocks/ingersoll-rand-indialtd) INGERRAND · turning · Evidence leans down · 96% evidence 42.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 11.5/35 · Revenue 8.6% · Profit 0.8% · Operating margin change 0 points · 88% evidence Capital efficiency 19.1/25 · ROCE 57.1% · Operating margin 24% · 100% evidence Valuation 1.9/20 · P/E 46.3× · PEG 3.19 · 100% evidence Relative strength 10.2/20 · Lead over its industry -10.4% · Lead over NIFTY 500 4.9% · 1 year 5.4% · 100% evidence · 3 of 12 weeks ahead Exact sum: 11.5 + 19.1 + 1.9 + 10.2 = 42.7 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 4. Veljan Denison Ltd this page VELJAN · breaking out · Evidence leans down · 81% evidence 40.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.0/35 · Revenue 2.2% · Profit 0.8% · Operating margin change 0.3 points · 88% evidence Capital efficiency 10.8/25 · ROCE 15% · Operating margin 25.7% · 100% evidence Valuation 5.0/20 · P/E 35.2× · PEG 2.06 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 52.8% · 1 year n/a · 25% evidence · 12 of 12 weeks ahead Exact sum: 12 + 10.8 + 5 + 12.5 = 40.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Airfloa Rail Technology Ltd](https://www.sectoralpha.in/stocks/airfloa-rail-technology-ltd) AIRFLOA · Too little evidence to rank firmly · 22% evidence 52.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.4/43.75 · Revenue n/a · Profit n/a · Operating margin change -6 points · 15% evidence Capital efficiency 18.6/31.25 · ROCE 25.9% · Operating margin 18% · 57% evidence Valuation 14.4/25 · P/E 22× · PEG n/a · 15% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 19.4 + 18.6 + 14.4 = 52.4 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 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](https://www.sectoralpha.in/sectors/compressors), all 5 compared on one page. ## Which companies are close to Veljan Denison in size? 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](https://www.sectoralpha.in/stocks/elgi-equipments-ltd) ₹16,132 crore
2. [Ingersoll-Rand (India) Ltd](https://www.sectoralpha.in/stocks/ingersoll-rand-indialtd) ₹12,717 crore
3. [Kirloskar Pneumatic Company Ltd](https://www.sectoralpha.in/stocks/kirloskar-pneumatic-company-ltd) ₹6,998 crore
4. Veljan Denison Ltd ₹922 crore
5. [Airfloa Rail Technology Ltd](https://www.sectoralpha.in/stocks/airfloa-rail-technology-ltd) ₹861 crore

[All 5 Compressors companies, largest first](https://www.sectoralpha.in/sectors/compressors#all-companies)

### Companies close in size in other industries

1. [Ester Industries Ltd](https://www.sectoralpha.in/stocks/ester-industries-ltd) ₹922 crore · Packaging - Films
2. [Sacheerome Ltd](https://www.sectoralpha.in/stocks/sacheerome-ltd) ₹922 crore · Chemicals - Organic
3. Veljan Denison Ltd ₹922 crore
4. [Subex Ltd](https://www.sectoralpha.in/stocks/subex-ltd) ₹920 crore · IT - Software
5. [Centrum Capital Ltd](https://www.sectoralpha.in/stocks/centrum-capital-ltd) ₹919 crore · Finance - Capital Markets

## What else do people ask about Veljan Denison? ### What is Veljan Denison's share price today? Veljan Denison Ltd's share price is ₹2,008.70. The whole company is worth ₹903 Cr on the market. In the last 52 weeks it traded between ₹980 to ₹2,682; today it is 60% of the way up from the low, 24.1% above its 200-day average. The price has been rising for 18 weeks (as of 4 November 2026). ### What were Veljan Denison's latest quarterly results? Veljan Denison Ltd reported revenue of ₹43.5 Cr and net profit of ₹7.7 Cr for the Jun 2026 quarter. Revenue rose 2.0% and profit rose 4.8% compared with a year earlier. Earnings per share were ₹17.07. The operating margin was 25.7%, 0.3 percentage points higher than a year earlier (as of 4 November 2026). ### What is Veljan Denison's market cap? Veljan Denison Ltd's market capitalisation is ₹903 Cr at a share price of ₹2,008.70. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 4 November 2026). ### How is Veljan Denison performing? Veljan Denison Ltd's share price has been rising for 18 weeks. In its latest quarter, revenue rose 2.0% and profit rose 4.8% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 25 weeks running (as of 4 November 2026). ### Is Veljan Denison in an uptrend? Yes, the price has been rising for 18 weeks (stage 2 of 4), 24.1% above its 200-day average, and 60% of the way up its 52-week range. A share price tends to move through four phases: moving sideways, rising, stalling and falling (as of 4 November 2026). ### Will Veljan Denison's share price go up? This page does not forecast Veljan Denison Ltd's share price. What it shows instead: the share price is ₹2,008.70, and it has been rising for 18 weeks. Its P/E of 34.5× is higher than 87% of its own last 3 years (as of 4 November 2026). ### Who owns Veljan Denison? Promoters own 75.0% of Veljan Denison Ltd, foreign institutions , domestic institutions 0.0% and the public 25.0% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 4 November 2026). ### Does Veljan Denison have too much debt? No, Veljan Denison Ltd has little debt: its debt is 0.00× its equity, and its operating profit is 40 times its interest bill. FY26 borrowings were ₹1.0 Cr against equity of ₹250 Cr. So the returns on this page come from the business, not borrowed money (as of 4 November 2026). ### Where is Veljan Denison in its business cycle? Veljan Denison Ltd's FY26 operating margin was 24.0%, against a 4-year range of 21.0% to 24.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 25.7%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 4 November 2026). ### What could break the Veljan Denison story? The main question: results are strong, and the P/E is higher than 87% of its own history. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 4 November 2026). ### Is Veljan Denison a stock worth studying right now? What the numbers show: Veljan Denison Ltd's results are improving, and its P/E is near the top of its own history, higher than 87% of past readings. The main open question: whether earnings grow enough to match the multiple. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 4 November 2026). ### Is there a Veljan Denison share price forecast for 2026? What is changing at Veljan Denison, from the latest results and calls: infrastructure demand. What would change the story: A persistent drop in operating margins below 18% or declining cash flows for two consecutive quarters. This is research, not advice. We’re not SEBI-registered.