About Vadilal Enterprises Limited
Data last updated: 05 January 2026
Vadilal Enterprises Limited is a public limited company based in Daskroi, Gujarat, India. It specialises in food and beverage distribution, a part of the broader food and beverages sector. Incorporated on 30 July 1985, the company has been in operation for over 41 years.
Registered with ROC Ahmedabad under CIN L51100GJ1985PLC007995. Listed on BSE: 519152.
Capital: an authorised share capital of ₹2 Cr and a paid-up capital of ₹86.27 Lakh. Formerly known as Mimimax Commercial Company Limited. It is led by directors including Ashish Harishkumar Modi and Devanshubhai Laxmanbhai Gandhi.
Last AGM: 23 September 2025. Financial statements filed for year ended 31 March 2025. Office: Jayantilal Park, Daskroi, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,125.18 Cr, a growth of 11% compared to the previous year.
The company has a workforce of approximately 543 employees as per the latest available data.
The company is associated with 2 brands - Vadilal Icecreams, Vadilal Group. As per MCA filings, the company has open charges of ₹80.56 Cr and satisfied charges of ₹102.62 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vadilalgroup.com.
-
Email*****@*****.com
-
Telephone+91-****-******
-
Website
-
Social Media
-
Registered Address3Rd Floor South Block Puniska House Next To One – 42 Opp, . Jayantilal Park Brts Stop Bopal – Ambli Road Ahmedabad, Daskroi, Gujarat, India – 380058
-
IndustryFood and Beverages, Food & Beverage Retail & Distribution
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Vadilal Enterprises Limited
Vadilal Enterprises Limited operates two associated brands: Vadilal Icecreams and Vadilal Group. These brands represent Vadilal Enterprises Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Vadilal manufactures and retails diverse ice cream products through outlets and cafes. | vadilalicecreams.com | |
| Vadilal Group is engaged in manufacturing ice cream and food products. | vadilalgroup.com |
Competitors & Alternatives of Vadilal Enterprises Limited
Brands and companies operating in the same space as Vadilal Enterprises Limited include Hangyo, NOTO, Go Zero and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
|
|
Ice cream products are manufactured and branded by Hangyo. | Mangaluru, India, India | 2002 |
|
|
Plant-based frozen desserts are offered via a dedicated platform. | Mumbai, India, India | 2019 |
|
|
Go Zero is recognized as India's leading guilt-free ice cream brand. | Mumbai, India, India | 2022 |
|
|
Provider of direct-to-consumer, farm-to-table delivery of fresh dairy products, including milk, yogurt, and other preservative-free dairy products | Pune, India, India | 2016 |
|
|
Artisan ice cream is produced and supplied by Van Leeuwen. | Brooklyn, United States, United States | 2008 |
|
|
Internet first milk brand and delivery | Pune, India, India | 2013 |
|
|
Brand of ice cream | Portland, United States, United States | 2011 |
|
|
Brand of ice creams | London, United Kingdom, United Kingdom | 2010 |
|
|
Rollick is engaged in producing frozen desserts in India. | Kolkata, India, India | 1990 |
|
|
Processor & brand of ice creams | Bengaluru, India, India | 2002 |
Business Activity of Vadilal Enterprises Limited
Vadilal Enterprises Limited is engaged in the principal business activity of manufacturing, with detailed activities including food, beverages and tobacco products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C1 | Food, beverages and tobacco products | ********* |
Auditor Details of Vadilal Enterprises Limited
Vadilal Enterprises Limited is audited by M/s Walker Chandiok & Co LLP (ICAI peer reviewed, certificate valid till 2026-05-29) for the financial year 2026, as reported in its BSE exchange filings. The statutory auditor is responsible for expressing an independent opinion on whether the financial statements present a true and fair view in accordance with applicable accounting standards.
| Name | Financial year | Audit opinion |
|---|---|---|
| M/s Walker Chandiok & Co LLP (ICAI peer reviewed, certificate valid till 2026-05-29) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Vadilal Enterprises Limited
Vadilal Enterprises Limited is currently managed by 9 directors, with 23 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
Financials of Vadilal Enterprises Limited FY 2026 filings available
Vadilal Enterprises Limited reported revenue of ₹1,217.28 Cr (up 8.77% YoY) for FY 2026. Profit growth despite declining revenue indicates effective cost management and margin discipline.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,217.28 Cr | ₹1,119.12 Cr | ₹999.14 Cr | ₹930.09 Cr | ₹547.5 Cr | ₹340.15 Cr | ₹591.51 Cr | ₹573.14 Cr |
| Other Income | ₹5.55 Cr | ₹6.06 Cr | ₹11.81 Cr | ₹12.04 Cr | ₹4.59 Cr | ₹3.78 Cr | ₹2.58 Cr | ₹2.84 Cr |
| Total Income | ₹1,222.83 Cr | ₹1,125.18 Cr | ₹1,010.95 Cr | ₹942.13 Cr | ₹552.09 Cr | ₹343.93 Cr | ₹594.09 Cr | ₹575.99 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹927.47 Cr | ₹853.92 Cr | ₹775.94 Cr | ₹756.82 Cr | ₹424.2 Cr | ₹239.35 Cr | ₹444.11 Cr | ₹436.96 Cr |
| Changes in Inventories | -₹16.35 Cr | ₹6.6 Cr | ₹83 Lakh | -₹15.25 Cr | -₹5.59 Cr | -₹3.01 Cr | -₹3.59 Cr | -₹34.92 Lakh |
| Employee Benefit Expense | ₹60.51 Cr | ₹47.42 Cr | ₹41.37 Cr | ₹38.64 Cr | ₹30.82 Cr | ₹26.08 Cr | ₹40.6 Cr | ₹35.73 Cr |
| Finance Costs | ₹8.23 Cr | ₹6.14 Cr | ₹3.5 Cr | ₹1.34 Cr | ₹2.17 Cr | ₹4.83 Cr | ₹3.12 Cr | ₹3.69 Cr |
| Depreciation & Amortisation | ₹20 Cr | ₹16.13 Cr | ₹12.4 Cr | ₹11.07 Cr | ₹11.74 Cr | ₹13.27 Cr | ₹13.86 Cr | ₹11.95 Cr |
| Other Expenses | ₹208.86 Cr | ₹187.35 Cr | ₹166.86 Cr | ₹140.91 Cr | ₹85.73 Cr | ₹62.17 Cr | ₹96.46 Cr | ₹87.85 Cr |
| Total Expenses | ₹1,208.72 Cr | ₹1,117.56 Cr | ₹1,000.9 Cr | ₹933.53 Cr | ₹549.08 Cr | ₹342.7 Cr | ₹594.57 Cr | ₹575.83 Cr |
| Profit Before Exceptional Items & Tax | ₹14.11 Cr | ₹7.62 Cr | ₹10.05 Cr | ₹8.6 Cr | ₹3 Cr | ₹1.23 Cr | -₹48.06 Lakh | ₹15.45 Lakh |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹14.11 Cr | ₹7.62 Cr | ₹10.05 Cr | ₹8.6 Cr | ₹3 Cr | ₹1.23 Cr | -₹48.06 Lakh | ₹15.45 Lakh |
| Total Tax Expense | ₹3.66 Cr | ₹1.89 Cr | ₹2.54 Cr | ₹2.45 Cr | ₹80.4 Lakh | ₹37.42 Lakh | ₹34.74 Lakh | ₹6.55 Lakh |
| Net Profit | ₹10.45 Cr | ₹5.73 Cr | ₹7.51 Cr | ₹6.15 Cr | ₹2.2 Cr | ₹85.37 Lakh | -₹82.8 Lakh | ₹8.9 Lakh |
| Other Comprehensive Income | ₹50 Lakh | -₹1.39 Cr | -₹38 Lakh | -₹26.83 Lakh | -₹49.68 Lakh | ₹2.38 Lakh | -₹23.68 Lakh | -₹13.96 Lakh |
| Total Comprehensive Income | ₹10.95 Cr | ₹4.34 Cr | ₹7.13 Cr | ₹5.88 Cr | ₹1.7 Cr | ₹87.75 Lakh | -₹1.06 Cr | -₹5.06 Lakh |
| EBITDA (computed) | ₹42.34 Cr | ₹29.89 Cr | ₹25.95 Cr | ₹21.01 Cr | ₹16.92 Cr | ₹19.33 Cr | ₹16.51 Cr | ₹15.8 Cr |
| Basic EPS | ₹121.14 | ₹66.43 | ₹87.06 | ₹71.27 | ₹25.47 | ₹9.90 | ₹-9.60 | ₹1.03 |
| Diluted EPS | ₹121.14 | ₹66.43 | ₹87.06 | ₹71.27 | ₹25.47 | ₹9.90 | ₹-9.60 | ₹1.03 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹349.14 Cr | ₹280.56 Cr | ₹230.79 Cr | ₹190.68 Cr | ₹133.47 Cr | ₹143.86 Cr | ₹157.34 Cr | ₹154.79 Cr |
| Non-current Assets | ₹181.81 Cr | ₹144.55 Cr | ₹113.66 Cr | ₹83.07 Cr | ₹71.56 Cr | ₹82.31 Cr | ₹98.04 Cr | ₹96.54 Cr |
| Current Assets | ₹167.33 Cr | ₹136.01 Cr | ₹117.13 Cr | ₹107.61 Cr | ₹61.91 Cr | ₹61.55 Cr | ₹59.3 Cr | ₹58.25 Cr |
| Property, Plant & Equipment | ₹150.4 Cr | ₹94.58 Cr | ₹65.75 Cr | ₹41.62 Cr | ₹46.38 Cr | ₹57.18 Cr | ₹63.84 Cr | ₹60.23 Cr |
| Inventories | ₹57.79 Cr | ₹41.52 Cr | ₹48.12 Cr | ₹49.1 Cr | ₹33.73 Cr | ₹28.05 Cr | ₹25.35 Cr | ₹21.52 Cr |
| Trade Receivables | ₹62.92 Cr | ₹57.28 Cr | ₹47.99 Cr | ₹38.47 Cr | ₹15.4 Cr | ₹26.81 Cr | ₹25.03 Cr | ₹28.14 Cr |
| Cash & Equivalents | ₹11.03 Cr | ₹11.66 Cr | ₹6.22 Cr | ₹7.04 Cr | ₹5.08 Cr | ₹38.87 Lakh | ₹67.81 Lakh | ₹1.63 Cr |
| Equity (Net Worth) | ₹33.09 Cr | ₹22.27 Cr | ₹18.06 Cr | ₹11.06 Cr | ₹5.29 Cr | ₹3.59 Cr | ₹2.71 Cr | ₹3.86 Cr |
| Equity Share Capital | ₹86 Lakh | ₹86 Lakh | ₹86 Lakh | ₹86.27 Lakh | ₹86.27 Lakh | ₹86.27 Lakh | ₹86.27 Lakh | ₹86.27 Lakh |
| Borrowings (Non-current) | ₹46.14 Cr | ₹29.73 Cr | ₹16.21 Cr | ₹0 | ₹2.84 Cr | ₹2.35 Cr | ₹9.72 Cr | ₹13.37 Cr |
| Borrowings (Current) | ₹14.04 Cr | ₹15.51 Cr | ₹9.73 Cr | ₹2.64 Cr | ₹3.15 Cr | ₹2.4 Cr | ₹10.87 Cr | ₹8.1 Cr |
| Total Debt (computed) | ₹60.18 Cr | ₹45.24 Cr | ₹25.94 Cr | ₹2.64 Cr | ₹5.99 Cr | ₹4.75 Cr | ₹20.6 Cr | ₹21.47 Cr |
| Current Liabilities | ₹268.18 Cr | ₹226.1 Cr | ₹194.29 Cr | ₹174.17 Cr | ₹124.07 Cr | ₹136.91 Cr | ₹144.25 Cr | ₹136.97 Cr |
| Total Liabilities | ₹316.05 Cr | ₹258.29 Cr | ₹212.73 Cr | ₹179.62 Cr | ₹128.18 Cr | ₹140.27 Cr | ₹154.63 Cr | ₹150.94 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹42.12 Cr | ₹32.1 Cr | ₹17.33 Cr | ₹7.11 Cr | ₹24.38 Cr |
| Investing Cash Flow | -₹49.14 Cr | -₹39.43 Cr | -₹35.04 Cr | -₹2.99 Cr | -₹10.22 Cr |
| Financing Cash Flow | ₹6.39 Cr | ₹12.77 Cr | ₹16.89 Cr | -₹2.16 Cr | -₹9.47 Cr |
| Capital Expenditure | ₹53.69 Cr | ₹43.96 Cr | ₹38.2 Cr | ₹4.36 Cr | ₹13.38 Cr |
| Free Cash Flow (computed) | -₹11.57 Cr | -₹11.86 Cr | -₹20.87 Cr | ₹2.75 Cr | ₹11 Cr |
| Dividends Paid | ₹13 Lakh | ₹13 Lakh | ₹13 Lakh | ₹10.78 Lakh | ₹0 |
| Net Change in Cash | -₹63 Lakh | ₹5.44 Cr | -₹82 Lakh | ₹1.96 Cr | ₹4.7 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 |
|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹291.29 Cr | ₹144.91 Cr | ₹264.39 Cr | ₹516.7 Cr | ₹223.79 Cr | ₹136.27 Cr | ₹245.99 Cr | ₹513.07 Cr |
| Other Income | ₹1.73 Cr | ₹1.3 Cr | ₹1.4 Cr | ₹1.11 Cr | ₹1.88 Cr | ₹76 Lakh | ₹1.98 Cr | ₹1.44 Cr |
| Total Income | ₹293.02 Cr | ₹146.21 Cr | ₹265.79 Cr | ₹517.81 Cr | ₹225.67 Cr | ₹137.03 Cr | ₹247.97 Cr | ₹514.51 Cr |
| Cost of Materials Consumed | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Purchases of Stock-in-Trade | ₹259.21 Cr | ₹98.13 Cr | ₹186.46 Cr | ₹383.67 Cr | ₹191.41 Cr | ₹108.83 Cr | ₹183.09 Cr | ₹370.59 Cr |
| Changes in Inventories | -₹33.7 Cr | ₹7.07 Cr | ₹4.4 Cr | ₹5.88 Cr | -₹17.77 Cr | ₹4.51 Cr | ₹5.02 Cr | ₹14.84 Cr |
| Employee Benefit Expense | ₹15.98 Cr | ₹18.15 Cr | ₹12.8 Cr | ₹13.58 Cr | ₹12.97 Cr | ₹12.09 Cr | ₹11.12 Cr | ₹11.24 Cr |
| Finance Costs | ₹2.39 Cr | ₹1.83 Cr | ₹2.16 Cr | ₹1.85 Cr | ₹1.47 Cr | ₹1.84 Cr | ₹1.35 Cr | ₹1.48 Cr |
| Depreciation & Amortisation | ₹5.33 Cr | ₹5.01 Cr | ₹4.96 Cr | ₹4.7 Cr | ₹4.25 Cr | ₹4.23 Cr | ₹4 Cr | ₹3.65 Cr |
| Other Expenses | ₹49.36 Cr | ₹37.55 Cr | ₹40.7 Cr | ₹81.25 Cr | ₹45.12 Cr | ₹29.96 Cr | ₹38.28 Cr | ₹73.99 Cr |
| Total Expenses | ₹298.57 Cr | ₹167.74 Cr | ₹251.48 Cr | ₹490.93 Cr | ₹237.45 Cr | ₹161.46 Cr | ₹242.86 Cr | ₹475.79 Cr |
| Profit Before Exceptional Items & Tax | -₹5.55 Cr | -₹21.53 Cr | ₹14.31 Cr | ₹26.88 Cr | -₹11.78 Cr | -₹24.43 Cr | ₹5.11 Cr | ₹38.72 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | -₹5.55 Cr | -₹21.53 Cr | ₹14.31 Cr | ₹26.88 Cr | -₹11.78 Cr | -₹24.43 Cr | ₹5.11 Cr | ₹38.72 Cr |
| Total Tax Expense | -₹1.33 Cr | -₹5.41 Cr | ₹3.62 Cr | ₹6.78 Cr | -₹3.02 Cr | -₹6.12 Cr | ₹1.28 Cr | ₹9.75 Cr |
| Net Profit | -₹4.22 Cr | -₹16.12 Cr | ₹10.69 Cr | ₹20.1 Cr | -₹8.76 Cr | -₹42.94 Cr | ₹3.83 Cr | ₹28.97 Cr |
| Other Comprehensive Income | ₹52 Lakh | ₹76 Lakh | -₹13 Lakh | -₹65 Lakh | -₹79 Lakh | -₹42 Lakh | -₹9 Lakh | -₹10 Lakh |
| Total Comprehensive Income | -₹3.7 Cr | -₹15.36 Cr | ₹10.56 Cr | ₹19.45 Cr | -₹9.55 Cr | -₹43.36 Cr | ₹3.74 Cr | ₹28.87 Cr |
| EBITDA (computed) | ₹2.17 Cr | -₹14.69 Cr | ₹21.43 Cr | ₹33.43 Cr | -₹6.06 Cr | -₹18.36 Cr | ₹10.46 Cr | ₹43.85 Cr |
| Basic EPS | ₹-48.92 | ₹-186.86 | ₹123.92 | ₹233.00 | ₹-101.55 | ₹-212.25 | ₹44.40 | ₹335.82 |
| Diluted EPS | ₹-48.92 | ₹-186.86 | ₹123.92 | ₹233.00 | ₹-101.55 | ₹-212.25 | ₹44.40 | ₹335.82 |
Shareholding Pattern of Vadilal Enterprises Limited
As per the shareholding pattern filed with BSE for the quarter ended Mar 2026, promoters hold 51.06%, foreign institutional investors hold 0.54%, retail and other public shareholders hold 48.40% of Vadilal Enterprises Limited. The company had 1,274 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 51.06% | 51.27% | 51.26% | 51.26% | 51.26% | 51.26% |
| Public | 48.94% | 48.73% | 48.74% | 48.74% | 48.74% | 48.74% |
| Mar 2026 | Mar 2025 | Mar 2024 | |
|---|---|---|---|
| Promoters | 51.06% | 51.26% | 51.26% |
| Public | 48.94% | 48.74% | 48.74% |
| Promoter change (YoY, %pts) | -0.20 | +0.00 | - |
Charges & Borrowings of Vadilal Enterprises Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 12 Nov 2024 | Others | ₹30.5 Cr | Open |
| 29 Mar 2023 | Others | ₹49.94 Cr | Open |
| 12 Nov 2021 | Hdfc Bank Limited | ₹12.48 Lakh | Open |
| 30 Jun 2023 | Tata Capital Financial Services Limited | ₹15 Cr | Satisfied |
| 06 Jun 2020 | Bank of India | ₹2.63 Cr | Satisfied |
Total charge records: 16 View all charges
Employees and EPFO Compliance at Vadilal Enterprises Limited
Vadilal Enterprises Limited has a workforce of 543 employees as of Apr 07, 2024.
Employee Count & EPFO Data of Vadilal Enterprises Limited
Access employee headcount trends, monthly PF payment records, EPFO establishment details, and compliance data.
GST Compliance of Vadilal Enterprises Limited
GSTIN & GST Filing Data of Vadilal Enterprises Limited
Access GSTIN registrations, state-wise filing compliance, HSN/SAC codes, and detailed goods & services data.
Credit Ratings, Litigation & Regulatory Alerts for Vadilal Enterprises Limited
Credit Ratings, Legal Cases & Regulatory Alerts of Vadilal Enterprises Limited
Access complete credit rating history, litigation records, regulatory alerts, and compliance data.
MSME Payment Delays by Vadilal Enterprises Limited
MSME Payment Delays by Vadilal Enterprises Limited
Track payments outstanding to micro and small enterprise vendors, as disclosed in half-yearly MSME-1 returns filed with the MCA.
Subsidiaries & Group Companies of Vadilal Enterprises Limited
Subsidiaries & Group Companies of Vadilal Enterprises Limited
See the full corporate group - holding company, subsidiaries, associates and joint ventures of Vadilal Enterprises Limited with ownership details.
MCA Filings & Documents of Vadilal Enterprises Limited
MCA Filings & Documents of Vadilal Enterprises Limited
Download official documents filed with the Ministry of Corporate Affairs - from incorporation papers to the latest annual filings.
Recent Activity on Vadilal Enterprises Limited
Recent News on Vadilal Enterprises Limited
Frequently Asked Questions about Vadilal Enterprises Limited
Vadilal Enterprises Limited is an active public limited company in the food and beverages sector based in Daskroi, Gujarat, India. It was incorporated on 30 July 1985 (41+ years old) and is registered under CIN L51100GJ1985PLC007995. Listed on BSE: 519152. The company has 543 employees.
Vadilal Enterprises Limited reported revenue of ₹1,125.18 Cr for FY 2025 (up 11.00% YoY).
The current directors of Vadilal Enterprises Limited are:
- Ashish Harishkumar Modi
- Devanshubhai Laxmanbhai Gandhi
- Mansi Janmejay Vyas
- Kalpit Rajesh Gandhi
- Rajesh Bhagat
- Janmejay Virendrabhai Gandhi
- Rajesh Kantilal Pandya
- Rajesh Indermohan Bhagat
- Nikita Panjumal Udhani
The primary industry of Vadilal Enterprises Limited is food and beverages. The company specifically operates in food and beverage retail and distribution. The company is currently active in this sector.
Yes. Vadilal Enterprises Limited is listed on BSE with code 519152.
Vadilal Enterprises Limited can be reached at the registered office: 3Rd Floor South Block Puniska House Next To One – 42 Opp, . Jayantilal Park Brts Stop Bopal – Ambli Road Ahmedabad, Daskroi, Gujarat, India – 380058, or through the website vadilalgroup.com.