Vadilal Industries Limited

BSE: 519156 NSE: VADILALIND
Vadilal Industries Limited - food and beverages in Ahmedabad, Gujarat, India. FY 2026 financials & compliance.
CIN L91110GJ1982PLC005169 Incorporated 28 April 1982 ROC Ahmedabad HQ Ahmedabad, Gujarat, India
Active Listed - NSE: VADILALIND · BSE: 519156 Public Limited Company food and beverages
Data last updated
Market Cap
₹5,343 Cr
VADILALIND · NSE
Share Price
₹7,330.50
-1.35% today
Revenue
₹1,503 Cr
FY 2025-26 · +21.2% YoY
EBITDA
₹249 Cr
Margin 16.6%
Net Profit
₹152 Cr
FY 2025-26 · +3.0% YoY
P/E (TTM)
24.6x
P/B 7.0x
ROE
22.2%
ROCE 23.7%
Debt / Equity
0.32
Interest cover 8.2x

About Vadilal Industries Limited

Data last updated:

Vadilal Industries Limited is a public limited company based in Ahmedabad, Gujarat, India. It operates in the dairy products and milk processing segment of the food and beverages sector. It was incorporated on 28 April 1982 and has been in existence for over 44 years.

Its director Devanshu Gandhi and family are #1,545 among India's richest people (2026). Its director Rajesh Gandhi and family are #1,545 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN L91110GJ1982PLC005169. Its GSTIN is 24AAACV4887F1Z6 (Gujarat). The company holds 22 GST registrations, of which 7 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 519156 and NSE: VADILALIND.

The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹7.19 Cr. It is led by directors including Rajeshbhai Ramchandrabhai Gandhi and Devanshubhai Laxmanbhai Gandhi.

Its last annual general meeting (AGM) was held on 19 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vadilal House53 Shrimali Society Nr Navrangpura Police Station, Ahmedabad, Gujarat, India – 380009.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹1,503.12 Cr, a growth of 21.2% compared to the previous year. For the same year it recorded a net profit of ₹151.65 Cr (net margin 10.1%) and EBITDA of ₹248.79 Cr (EBITDA margin 16.6%). The net worth stands at ₹850.31 Cr (up 22.3% YoY). Total assets are valued at ₹1,096.73 Cr (up 18.9% YoY).

Its group structure includes 2 subsidiaries.

The company is associated with 1 brand: Vadilal Group. As per MCA filings, the company has open charges of ₹750.17 Cr and satisfied charges of ₹542.37 Cr on record. Court records list 578 cases involving the company, including 117 filed by the company and 462 filed against it; 41 cases are pending. The company has 82 deals on record (82 market trades); the latest was in February 2026. Its 8 peer companies in the Food and Beverages industry (Instant Foods, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products) are compared by revenue, 5 larger and 3 smaller; the largest is Sunfresh Agro Industries Private Limited with revenue of ₹1,330.44 Cr. The company has 11 MSME Form 1 returns on record between 2020 and 2024, listing 362 overdue payments to 66 micro and small suppliers.

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.

Company details

CIN L91110GJ1982PLC005169
Registration Number 005169
Incorporation Date 28 April 1982
ROC Ahmedabad
Listing Status Listed - Listed on NSE (VADILALIND); Listed on BSE (519156)
Company Status Active
Date of Last AGM 19 September 2025
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant
Key People
Rajeshbhai Ramchandrabhai Gandhi Director Devanshubhai Laxmanbhai Gandhi Director Gaurav Marathe Director

Recognitions & Rankings of Vadilal Industries

Contact details

Vadilal Industries Limited's registered office is in Ahmedabad, Gujarat. Its website is vadilalgroup.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    vadilalgroup.com
  • Social Media
  • Registered Address
    Vadilal House53 Shrimali Society Nr Navrangpura Police Station, Ahmedabad, Gujarat, India – 380009
  • Industry
    Food and Beverages, Dairy Products & Milk Processing

To see the full contact details of Vadilal Industries Limited, buy the company report.

Comprehensive company report
Vadilal Industries Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
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Brands

Vadilal Industries operates one associated brand: Vadilal Group. Each brand links to its own profile.

BrandDescriptionWebsite
Vadilal Group
Vadilal Group is engaged in manufacturing ice cream and food products.vadilalgroup.com

Business activity

The main business activity of Vadilal Industries is manufacturing. In detail, this covers food, beverages and tobacco products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC1Food, beverages and tobacco products

To see the full business activity and turnover split of Vadilal Industries Limited, buy the company report.

Financials of Vadilal Industries Limited

FY 2025-26 filings available

Vadilal Industries Limited reported revenue of ₹1,503.12 Cr (up 21.2% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹1,503 Cr
+21.2% YoY
EBITDA
₹249 Cr
+3.5% YoY
Profit After Tax
₹152 Cr
+3.0% YoY
Net Worth
₹850 Cr
+22.3% YoY
Total Assets
₹1,097 Cr
+18.9% YoY
Total Debt
₹230 Cr
+5.2% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,5031,2401,1251,058698463599
Revenue growth+21.2%+10.2%+6.4%+51.6%+50.6%-22.7%-
EBITDA24924022016398.8735.4278.72
EBITDA margin+16.6%+19.4%+19.6%+15.4%+14.2%+7.6%+13.1%
Profit before tax20520018013163.837.6647.93
Net profit15214714698.7544.754.5141.18
Net profit margin+10.1%+11.9%+12.9%+9.3%+6.4%+1.0%+6.9%
EPS (₹)215.72209.08202.99133.9262.196.4457.57
Balance sheet
Total assets1,097922775698493417444
Net worth850695542397297251247
Total debt230218223291186158174
Cash & bank42.7940.3453.5337.4651.6135.6719.15
Net working capital46437330027518399.97120
Cash flow
Cash from operations14311119239.4932.0382.0566.63
Cash from investing(104)(58.49)(65.99)(61.89)(19.93)(10.84)(67.25)
Cash from financing(37.68)(60.68)(114)9.017.84(55.60)4.13
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue680416239341507275204296
Revenue growth (YoY)+34.2%+51.2%+17.1%+15.5%+9.1%---
Other income27.256.914.377.323.842.744.495.41
EBITDA16685.0611.3051.2710039.3025.5460.55
EBITDA margin+24.4%+20.5%+4.7%+15.0%+19.8%+14.3%+12.5%+20.5%
Depreciation15.3513.7811.7611.5611.7210.849.5410.93
Interest4.444.723.973.863.833.903.083.15
Profit before tax17473.47(0.06)43.1788.7327.3017.4151.88
Tax42.7318.610.099.7521.755.305.4812.90
Net profit13154.86(0.15)33.4266.9822.0011.9338.98
EPS (₹)182.1376.32(0.22)46.5093.1930.6116.6054.23
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,1101,014913897544357517
Revenue growth+9.5%+11.1%+1.8%+64.8%+52.6%-31.0%-
EBITDA14517215211742.49(5.35)59.57
EBITDA margin+13.1%+17.0%+16.7%+13.1%+7.8%-1.5%+11.5%
Profit before tax13215312996.4814.16(31.71)34.38
Net profit94.4911195.3672.0410.48(23.91)31.95
Net profit margin+8.5%+10.9%+10.5%+8.0%+1.9%-6.7%+6.2%
EPS (₹)136.31158.39133.30100.0414.39(33.53)44.73
Balance sheet
Total assets674597520501405366421
Net worth579495383289219210234
Total debt78.2493.72129203176148171
Cash & bank14.695.9510.2211.419.3118.9215.80
Net working capital26323817618211160.01109
Cash flow
Cash from operations12876.0113833.14(4.91)62.1647.57
Cash from investing(78.89)(27.72)(40.77)(41.99)(10.07)(10.37)(50.46)
Cash from financing(42.10)(47.07)(102)11.719.38(49.97)8.72
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue584295141247425232145233
Revenue growth (YoY)+37.3%+27.3%-2.9%+6.1%+5.9%---
Other income5.678.545.327.773.713.245.044.33
Total expenses436232156228348201132196
EBITDA14862.99(15.14)19.2877.2331.2512.9336.59
EBITDA margin+25.4%+21.3%-10.7%+7.8%+18.2%+13.5%+8.9%+15.7%
Depreciation9.097.806.787.007.326.556.086.31
Interest2.052.222.262.102.092.211.741.88
Profit before tax14361.51(18.86)17.9571.5325.7310.1532.73
Tax36.1115.83(4.58)4.7018.176.672.688.44

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 03 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue680416239341507275204296
Revenue growth (YoY)+34.2%+51.2%+17.1%+15.5%+9.1%---
Other income27.256.914.377.323.842.744.495.41
EBITDA16685.0611.3051.2710039.3025.5460.55
EBITDA margin+24.4%+20.5%+4.7%+15.0%+19.8%+14.3%+12.5%+20.5%
Depreciation15.3513.7811.7611.5611.7210.849.5410.93
Interest4.444.723.973.863.833.903.083.15
Profit before tax17473.47(0.06)43.1788.7327.3017.4151.88
Tax42.7318.610.099.7521.755.305.4812.90
Net profit13154.86(0.15)33.4266.9822.0011.9338.98
EPS (₹)182.1376.32(0.22)46.5093.1930.6116.6054.23
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,5031,2401,1251,058698463599
Revenue growth+21.2%+10.2%+6.4%+51.6%+50.6%-22.7%-
Other income21.7215.1412.5013.778.3116.539.62
Total expenses1,2541,000905895599428521
Employee cost16913411294.0468.8254.7262.41
EBITDA24924022016398.8735.4278.72
EBITDA margin+16.6%+19.4%+19.6%+15.4%+14.2%+7.6%+13.1%
Depreciation48.8242.2034.9129.8823.9722.8523.69
Interest16.3813.6817.9015.8519.3821.4416.72
Profit before tax20520018013163.837.6647.93
Tax50.2049.3634.0134.2719.133.066.56
Net profit15214714698.7544.754.5141.18
Net profit margin+10.1%+11.9%+12.9%+9.3%+6.4%+1.0%+6.9%
EPS (₹)215.72209.08202.99133.9262.196.4457.57
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital7.197.197.197.197.197.197.19
Reserves & surplus843688535390290244240
Shareholders' funds (net worth)850695542397297251247
Minority interest0.320.310.310.310.310.310.32
Secured loans91.2881.4010413791.9392.02146
Unsecured loans13813711915493.7965.7127.75
Total debt230218223291186158174
Total liabilities1,097922775698493417444
Assets
Gross block860764683619518502487
Net block536478444403307312318
Capital work in progress20.229.7511.9419.572.775.308.65
Investments20.575.5515.745.480.710.580.57
Inventories336311229256165141155
Sundry debtors17712396.7877.4565.4445.3044.15
Cash & bank balances42.7940.3453.5337.4651.6135.6719.15
Loans & advances63.1655.2943.5326.7419.8720.0216.08
Total current assets619530423397302242234
Total current liabilities156157123122119142114
Net working capital46437330027518399.97120
Total assets1,097922775698493417444
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash36.2243.9231.7745.1625.229.606.09
Net cash from operating activities14311119239.4932.0382.0566.63
Net cash from investing activities(104)(58.49)(65.99)(61.89)(19.93)(10.84)(67.25)
Net cash from financing activities(37.68)(60.68)(114)9.017.84(55.60)4.13
Net change in cash1.07(7.70)12.15(13.39)19.9415.623.51
Closing cash42.7940.3453.5337.4651.6135.6719.15
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+21.2%+10.2%+6.4%+51.6%+50.6%-22.7%-
EBITDA growth+3.5%+9.2%+35.5%+64.4%+179.1%-55.0%-
PBT growth+2.8%+11.0%+37.8%+104.5%+733.3%-84.0%-7.6%
Net income growth+3.0%+1.2%+47.4%+120.7%+892.2%-89.1%-
Revenue CAGR (3Y)+12.4%+21.1%+34.4%+20.9%+7.2%-5.4%+7.5%
EBITDA CAGR (3Y)+15.3%+34.5%+83.9%+27.3%+11.1%-9.7%+11.5%
Profitability & leverage
Net income margin+10.3%+12.1%+13.0%+9.1%+6.4%+1.0%+6.9%
Return on capital employed+23.7%+27.6%+29.9%+28.2%+21.9%+8.2%+19.7%
Return on net worth+22.2%+27.7%+37.0%+35.4%+22.5%+2.7%+27.2%
Debt / equity0.320.410.650.880.860.951.06
Long-term debt / equity0.240.280.340.410.390.340.35
Interest cover8.196.909.6611.9525.87170.5630.38
Efficiency & per share
Fixed asset turnover2.041.911.952.141.601.101.60
Inventory turnover4.654.594.645.034.563.134.26
Debtors turnover10.0011.2812.9214.8112.6010.3615.93
EPS (₹)215.72209.08202.99133.9262.196.4457.57
Dividend per share (₹)43.0021.001.501.501.250.000.00
Book value per share (₹)1,077.98862.41649.62447.89308.99244.62239.03
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue584295141247425232145233
Revenue growth (YoY)+37.3%+27.3%-2.9%+6.1%+5.9%---
Other income5.678.545.327.773.713.245.044.33
Total expenses436232156228348201132196
EBITDA14862.99(15.14)19.2877.2331.2512.9336.59
EBITDA margin+25.4%+21.3%-10.7%+7.8%+18.2%+13.5%+8.9%+15.7%
Depreciation9.097.806.787.007.326.556.086.31
Interest2.052.222.262.102.092.211.741.88
Profit before tax14361.51(18.86)17.9571.5325.7310.1532.73
Tax36.1115.83(4.58)4.7018.176.672.688.44
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,1101,014913897544357517
Revenue growth+9.5%+11.1%+1.8%+64.8%+52.6%-31.0%-
Other income24.6215.0813.2112.248.7912.028.42
Total expenses964842760779502362457
Employee cost80.3774.4163.6258.7341.3034.2743.86
EBITDA14517215211742.49(5.35)59.57
EBITDA margin+13.1%+17.0%+16.7%+13.1%+7.8%-1.5%+11.5%
Depreciation28.9025.5923.1520.2319.2418.2918.88
Interest8.678.3013.9712.8817.8820.0914.73
Profit before tax13215312996.4814.16(31.71)34.38
Tax34.1239.1132.7324.553.80(7.61)2.24
Net profit94.4911195.3672.0410.48(23.91)31.95
Net profit margin+8.5%+10.9%+10.5%+8.0%+1.9%-6.7%+6.2%
EPS (₹)136.31158.39133.30100.0414.39(33.53)44.73
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital7.197.197.197.197.197.197.19
Reserves & surplus572488375282212203227
Shareholders' funds (net worth)579495383289219210234
Secured loans62.1276.7098.4813090.0489.86144
Unsecured loans16.1217.0230.3872.7786.2458.3127.75
Total debt78.2493.72129203176148171
Total liabilities674597520501405366421
Assets
Gross block597587561513488478463
Net block340343337301293300301
Capital work in progress18.847.7611.1118.752.775.308.65
Investments22.997.977.977.913.143.013.00
Inventories218235190223143126146
Sundry debtors12211257.7037.5234.1221.1733.21
Cash & bank balances14.695.9510.2211.419.3118.9215.80
Loans & advances39.5724.6523.5519.8018.3120.7517.89
Total current assets394378281291205187212
Total current liabilities13114110611093.88127103
Net working capital26323817618211160.01109
Total assets674597520501405366421
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1.830.615.722.868.476.650.82
Net cash from operating activities12876.0113833.14(4.91)62.1647.57
Net cash from investing activities(78.89)(27.72)(40.77)(41.99)(10.07)(10.37)(50.46)
Net cash from financing activities(42.10)(47.07)(102)11.719.38(49.97)8.72
Net change in cash7.361.22(5.11)2.86(5.60)1.825.83
Closing cash14.695.9510.2211.419.3118.9215.80
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+9.5%+11.1%+1.8%+64.8%+52.6%-31.0%-
EBITDA growth-15.6%+12.7%+29.9%+176.2%+894.2%-109.0%-
PBT growth-13.6%+19.0%+33.3%+581.4%+9998.0%--29.4%
Net income growth-14.8%+16.3%+32.4%+587.4%+143.8%-174.8%-
Revenue CAGR (3Y)+7.4%+23.0%+36.8%+20.2%+2.4%-11.6%+3.0%
EBITDA CAGR (3Y)+7.3%+59.3%-+25.4%-13.9%-+3.0%
Profitability & leverage
Net income margin+8.8%+11.2%+10.5%+8.0%+1.9%-6.8%+6.2%
Return on capital employed+25.1%+33.4%+32.7%+28.9%+10.3%-3.7%+15.6%
Return on net worth+21.2%+31.3%+36.8%+40.2%+7.4%-16.4%+22.4%
Debt / equity0.190.310.641.061.161.091.11
Long-term debt / equity0.130.140.200.390.510.370.37
Interest cover7.465.6810.8013.2676.90-84.9836.20
Efficiency & per share
Fixed asset turnover2.152.031.982.111.330.901.44
Inventory turnover4.904.774.424.904.032.623.92
Debtors turnover9.4511.9119.1725.0319.6813.1115.51
EPS (₹)136.31158.39133.30100.0414.39(33.53)44.73
Dividend per share (₹)43.0021.001.501.501.250.000.00
Book value per share (₹)700.60583.76427.48297.59200.61187.18220.68

To see the full year-wise statements and ratios of Vadilal Industries Limited, buy the company report.

Board of directors of Vadilal Industries Limited

Vadilal Industries has 6 current directors and 21 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Rajeshbhai Ramchandrabhai Gandhi
Also directs: Vegizo Food Hub LLP, Asseteur Realty LLP, Workserve Business Consultancy LLP and 5 more
Director01 Apr 200917 Years 7 MonthsCurrent
Devanshubhai Laxmanbhai Gandhi
Also directs: Vegizo Food Hub LLP, Asseteur Realty LLP, Workserve Business Consultancy LLP and 5 more
Director29 Sep 20251 Years 1 MonthsCurrent
Gaurav Marathe
Also directs: Lincoln Partners Advisors Private Limited, Lincoln International Advisors Private Limited
Director13 May 20251 Years 5 MonthsCurrent
Nagarajan Sivaramakrishnan
Also directs: Swaraj Engines Ltd, Alt Basket Private Limited, Gromax Agri Equipment Limited and 3 more
Director13 May 20251 Years 5 MonthsCurrent
Shalini Raghavan
Also directs: Vijay Tanks and Vessels Private Limited
Director13 May 20251 Years 5 MonthsCurrent
Janmejay Virendrabhai Gandhi
Also directs: Vegizo Food Hub LLP, Vadilal International Private Limited, Rystic Trading Private Limited and 5 more
Director29 Sep 20251 Years 1 MonthsCurrent
View all directors

Peer comparison

Vadilal Industries Limited is compared with the 8 companies closest to it by revenue in the Food and Beverages industry (Instant Foods, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Vadilal Industries Limitedthis company₹1,503.12 Cr (FY 2026)₹151.65 Cr10.1%21.2%Ahmedabad, Gujarat, India
Sunfresh Agro Industries Private Limited₹1,330.44 Cr (FY 2024)-8.0%Ahmednagar, Maharashtra, India
Goodhealth Industries Private Limited₹1,307.36 Cr (FY 2023)70.0%New Delhi, India
SMC Foods Limited₹1,297.56 Cr (FY 2025)23.0%Uttar Pradesh, India
Govind Milk and Milk Products Private Limited₹1,292.06 Cr (FY 2025)6.0%Satara, Maharashtra, India
Bhole Baba Milk Food Industries (Dholpur) Private Limited.₹1,278.14 Cr (FY 2025)29.0%New Delhi, Delhi, India
Ghodawat Consumer Limited₹1,146.02 Cr (FY 2024)-12.0%Kolhapur, Maharashtra, India
Victoria Foods Private Limited₹1,141.18 Cr (FY 2025)2.0%New Delhi, Delhi, India
Devyani Food Industries Limited₹1,110.23 Cr (FY 2025)1.0%New Delhi, Delhi, India

To see the full peer comparison of Vadilal Industries Limited, buy the company report.

Auditor

Vadilal Industries Limited is audited by Arpit Patel & Associates for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Arpit Patel & AssociatesFY 2023144032W

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 64.70%, foreign institutional investors hold 1.00%, domestic institutional investors hold 1.30% and retail and other public shareholders hold 33.00%.

Promoters: 64.70%DII (Domestic Institutional): 1.30%FII (Foreign Institutional): 1.00%Retail & Others: 33.00%
Sep 2026
QUARTER
64.70% Promoters
1.30% DII (Domestic Institutional)
1.00% FII (Foreign Institutional)
33.00% Retail & Others
Promoter holding - history
Now 64.70% · Sep 2026High 64.70% · Dec 2025Low 64.70% · Dec 2025
63%63.8%64.5%65.3%66%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 64.70%Mar 2026: 64.70%Jun 2026: 64.70%Sep 2026: 64.70%64.70%64.70%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters64.70%64.70%64.70%64.70%
Public35.30%35.30%35.30%35.30%

Charges & borrowings

Open charges
₹750.17 Cr
Satisfied charges
₹542.37 Cr
Breakdown by lending institutions
Others₹569.66 Cr
Hdfc Bank Limited₹150.51 Cr
Idbi Bank Limited₹30.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
29 Jun 2026101323542Others₹50 CrOpen
24 Mar 2026101271376Others₹150 CrOpen
05 Nov 2025101187678Hdfc Bank Limited₹150 CrOpen
31 Jul 2025101136461Others₹89 CrOpen
29 Jul 2025101136450Others₹98.33 CrOpen

To see the full charge records of Vadilal Industries Limited, buy the company report.

Total charge records: 59 View all charges

Deals & funding

Vadilal Industries Limited has 82 deals on record (82 market trades); the latest was in February 2026.

Total deals
82
Market trades
82

Deals on record (5 of 82)

WhenDealAmountParties
Mar 2023Market trade₹19.62 CrBuyer: Navin Shah Family Private Trust
Seller: Evoke Management Services LLP
Feb 2022Market trade₹4.96 CrBuyer: Rajasthan Global Securities Private Limited
Seller: Rajasthan Global Securities Private Limited
Aug 2018Market trade₹25.46 CrBuyer: Chandarana Intermediaries Brokers Private Limited , N.K. Securities, Gkn Securities
Seller: Chandarana Intermediaries Brokers Private Limited , N.K. Securities, Gkn Securities, an individual
Nov 2017Market trade₹5.22 CrBuyer: Rajasthan Global Securities Private Limited
Seller: an individual
Nov 2017Market trade₹4.16 CrBuyer: an individual
Seller: Avvanti Advisors Private Limited

To see the full deal history of Vadilal Industries Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Vadilal Industries Limited was last rated by Care on 27 Sep 2022.

Rating agencyRated onRating
Care27 Sep 2022

To see the full credit ratings and regulatory alerts of Vadilal Industries Limited, buy the company report.

MSME payment delays

Vadilal Industries Limited has 11 MSME Form 1 returns on record between 2020 and 2024, listing 362 overdue payments to 66 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.

Suppliers with reported dues (5 of 66)

SupplierAmount dueDue sinceReported on
MBR Flexibles Limited
an individual supplier
an individual supplier
Ashtavinayaka Techno Process Engineering Private Limited
Gujarat Food Products

To see the full MSME payment records of Vadilal Industries Limited, buy the company report.

Individuals and sole proprietors among the suppliers are not named.

Group structure & subsidiaries

Vadilal Industries has 2 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
Key subsidiaries
Company NameCINShares held
Vadilal Delights LimitedU15100GJ2020PLC112444
Varood Industries LimitedU15201GJ2020PLC112826

To see the full group structure of Vadilal Industries Limited, buy the company report.

GST

Vadilal Industries has 22 GST registrations: 7 active and 15 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
22
Active
7
Cancelled / inactive
15
GSTINStateStatusRegistered on
24AAACV4887F1Z6GujaratActive01 Jul 2017
24AAACV4887F2Z5GujaratActive06 Jul 2017
08AAACV4887F1Z0RajasthanActive01 Jul 2017
09AAACV4887F1ZYUttar PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Vadilal Industries Limited, buy the company report.

Recent activity

Vadilal Industries Limited has 38 board changes on record since 1982: 23 appointments and 15 cessations. The latest: Devanshubhai Laxmanbhai Gandhi was appointed as Director on 29 Sep 2025.

Charges
A charge with Others amounted to Rs. 50.00 Cr with Charge ID 101323542 was registered on 29 Jun 2026.
Charges
A charge with Others of Rs. 75.00 Cr registered on 14 Dec 2023 with Charge ID 100836678 was modified on 29 Jun 2026.
Filing
Vadilal Industries Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Ahmedabad.
Charges
A charge with Others amounted to Rs. 150.00 Cr with Charge ID 101271376 was registered on 24 Mar 2026.
Charges
A charge registered on 24 Nov 2023 via Charge ID 100820597 with Hdfc Bank Limited was fully satisfied on 24 Feb 2026.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 150.00 Cr with Charge ID 101187678 was registered on 05 Nov 2025.
Appointed
Devanshubhai Laxmanbhai Gandhi was appointed as Director.
Appointed
Janmejay Virendrabhai Gandhi was appointed as Director.
AGM
Vadilal Industries Limited last Annual general meeting of members was held on 19 Sep 2025 as per latest MCA records.
Charges
A charge registered on 16 Jun 2021 via Charge ID 100451646 with The Kalupur Commercial Co-Operative Bank Limited was fully satisfied on 04 Sep 2025.
Charges
A charge with Others amounted to Rs. 89.00 Cr with Charge ID 101136461 was registered on 31 Jul 2025.
Charges
A charge with Others amounted to Rs. 98.33 Cr with Charge ID 101136450 was registered on 29 Jul 2025.

156 earlier events are in the company report.

News

VADILALIND: Q2 CONS NET PROFIT 550M RUPEES VS 334M (YOY)
30 Oct 2026 · Exchange Update
VADILALIND: Q2 REVENUE 4.63 RUPEES VS 3.4B (YOY)
30 Oct 2026 · Exchange Update
VADILALIND: Q2 EBITDA 838M RUPEES VS 519M (YOY); Q2 EBITDA MARGIN 18.12% VS 15.2% (YOY)
30 Oct 2026 · Exchange Update
Vadilal Industries: Co. Enters Into A Revised Supply Agreement With Vadilal Enterprises For 12 Months; Agreement Subject To Shareholder Approval.
30 Sep 2026 · Exchange Update

Frequently asked questions

Vadilal Industries is an active public limited company based in Ahmedabad, Gujarat, India. The company works in dairy products and milk processing, within the food and beverages industry. It was incorporated on 28 April 1982 (44+ years old) and is registered under CIN L91110GJ1982PLC005169. Listed on BSE: 519156 and NSE: VADILALIND.

Vadilal Industries reported revenue of ₹1,503.12 Cr for FY 2025-26 (up 21.2% YoY) based on consolidated financials.

Vadilal Industries has 6 current directors:

The latest financial statements of Vadilal Industries on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 19 September 2025. Year-wise statements from 2015 are in the company report.

The GSTIN of Vadilal Industries is 24AAACV4887F1Z6, registered in Gujarat. The company has 22 GST registrations in all, of which 7 are active and 15 are cancelled or inactive. Other active GSTINs include 24AAACV4887F2Z5 (Gujarat), 08AAACV4887F1Z0 (Rajasthan), 09AAACV4887F1ZY (Uttar Pradesh).

The CIN (Corporate Identification Number) of Vadilal Industries is L91110GJ1982PLC005169. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Vadilal Industries is a listed company as per MCA records. Its shares are listed on both BSE (code: 519156) and NSE (symbol: VADILALIND).

Vadilal Industries has 578 court cases on record: 117 filed by the company and 462 filed against it. 41 are pending. Most are in the district courts.

Vadilal Industries was incorporated on 28 April 1982, making it 44+ years old. It is registered with the Registrar of Companies, Ahmedabad.

Vadilal Industries has 82 deals on record (82 market trades); the latest was in February 2026.

The peers of Vadilal Industries by revenue are Sunfresh Agro Industries Private Limited, Goodhealth Industries Private Limited, SMC Foods Limited, Govind Milk and Milk Products Private Limited, Bhole Baba Milk Food Industries (Dholpur) Private Limited. and 3 more, all in the Food and Beverages industry (Instant Foods, Milk and Dairy Products), with the same principal business activity (food, beverages and tobacco products).

Devanshubhai Laxmanbhai Gandhi was appointed as Director on 29 Sep 2025. Janmejay Virendrabhai Gandhi was appointed as Director on 29 Sep 2025. Deval Devanshu Gandhi ceased to be Director on 13 May 2025. Vadilal Industries has 38 board changes on record in total.