About Veedol Corporation Limited
Data last updated: 14 July 2026
Veedol Corporation Limited is a public limited company based in Kolkata, West Bengal, India. It specialises in petrochemicals and derivatives, a part of the broader chemicals and materials sector. Incorporated on 26 October 1921, the company has been in operation for over 105 years.
Registered with ROC Kolkata under CIN L23209WB1921PLC004357. Listed on BSE: 590005 and NSE: TIDEWATER.
Capital: an authorised share capital of ₹20 Cr and a paid-up capital of ₹3.48 Cr. Formerly known as Castern Oil Products Limited and Esstern Oil Products Limited. It is led by directors including Subir Das and Vinod Somalal Vyas.
Last AGM: 25 August 2025. Financial statements filed for year ended 31 March 2025. Office: 8 Dr Rajendra Prasad Sarani, Kolkata, West Bengal, India – 700001.
As per NSE-filed consolidated financials for FY 2026, the company reported a revenue of ₹2,168.54 Cr, a growth of 10.05% compared to the previous year. The net worth stands at ₹1,035.61 Cr (up 13.3% YoY). Total assets are valued at ₹1,406.05 Cr (up 12.24% YoY).
The company has a workforce of approximately 500 employees as per the latest available data.
The company is associated with 1 brand - Tide Water Oil. As per MCA filings, the company has open charges of ₹80 Cr and satisfied charges of ₹149.5 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 tidewaterindia.com.
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EmailLocked
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Website
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Social Media
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Registered Address8 Dr Rajendra Prasad Sarani, Kolkata, West Bengal, India – 700001
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IndustryChemicals and Materials, Petrochemicals & Derivatives
- 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
Name History of Veedol Corporation Limited
Veedol Corporation Limited has undergone 2 name changes throughout its history. The company was previously known as Castern Oil Products Limited, and Esstern Oil Products Limited. The current legal name is Veedol Corporation Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Veedol Corporation Limited | Current |
| Castern Oil Products Limited | Previous |
| Esstern Oil Products Limited | Previous |
CIN History of Veedol Corporation Limited
Veedol Corporation Limited has one previous CIN (Corporate Identification Number): U23209WB1921PLC004357. The current CIN is L23209WB1921PLC004357, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L23209WB1921PLC004357 | Current |
| U23209WB1921PLC004357 | Previous |
Associated Brands with Veedol Corporation Limited
Veedol Corporation Limited operates one associated brand: Tide Water Oil. These brands represent Veedol Corporation Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| R&D focused on manufacturing of automobile, industrial oils and greases | tidewaterindia.com |
Business Activity of Veedol Corporation Limited
Veedol Corporation Limited is engaged in the principal business activity of manufacturing, with detailed activities including coke and refined petroleum products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C5 | Coke and refined petroleum products | Locked |
Business activity turnover details for Veedol Corporation Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Veedol Corporation Limited
Veedol Corporation Limited is audited by Price Waterhouse Chartered Accountants LLP (ICAI peer reviewed, certificate valid till 2026-11-30) for the financial year 2026, as reported in its NSE 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 |
|---|---|---|
| Price Waterhouse Chartered Accountants LLP (ICAI peer reviewed, certificate valid till 2026-11-30) | FY 2026 | Declaration of unmodified opinion |
Board of Directors of Veedol Corporation Limited
Veedol Corporation Limited is currently managed by 10 directors, with 36 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
|
Subir Das
Also directs:
Parcon (India) Pvt Ltd
|
Director | 17 Sep 2007 | 18 Years 10 Months | Current |
| Vinod Somalal Vyas | Director | 14 Mar 2016 | 10 Years 4 Months | Current |
| Durgesh Sanjivrao Chandavarkar | Director | 30 May 2017 | 9 Years 1 Months | Current |
|
Praveen Purushottam Kadle
Also directs:
Shivakrtih Realtors Llp, Divgi Torqtransfer Systems Limited, Persistent Systems Limited and 5 more
|
Director | 13 Nov 2020 | 5 Years 8 Months | Current |
|
Bharathi Sivaswami Sihag
Also directs:
Indian Gas Exchange Limited
|
Director | 07 Apr 2021 | 5 Years 3 Months | Current |
| Kishore Mukund Saletore | Director | 28 May 2025 | 1 Years 1 Months | Current |
Financials of Veedol Corporation Limited FY 2026 filings available
Veedol Corporation Limited reported revenue of ₹2,168.54 Cr (up 10.05% YoY) for FY 2026.
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹2,168.54 Cr | ₹1,970.49 Cr | ₹1,931.19 Cr | ₹1,853.8 Cr | ₹1,535.71 Cr | ₹1,258.48 Cr | ₹1,316.57 Cr |
| Other Income | ₹17.69 Cr | ₹18.38 Cr | ₹21.95 Cr | ₹14.99 Cr | ₹19.65 Cr | ₹22.36 Cr | ₹21.58 Cr |
| Total Income | ₹2,186.23 Cr | ₹1,988.87 Cr | ₹1,953.14 Cr | ₹1,868.79 Cr | ₹1,555.36 Cr | ₹1,280.84 Cr | ₹1,338.15 Cr |
| Cost of Materials Consumed | ₹1,106.31 Cr | ₹1,047.8 Cr | ₹1,080.25 Cr | ₹1,115.58 Cr | ₹886.23 Cr | ₹636.74 Cr | ₹659.48 Cr |
| Purchases of Stock-in-Trade | ₹151.85 Cr | ₹158.2 Cr | ₹130.33 Cr | ₹122.06 Cr | ₹105.81 Cr | ₹75.77 Cr | ₹76.55 Cr |
| Changes in Inventories | ₹16.38 Cr | -₹33.33 Cr | ₹3.28 Cr | -₹2.19 Cr | -₹20.05 Cr | -₹15.79 Cr | -₹16.13 Cr |
| Employee Benefit Expense | ₹165.65 Cr | ₹134.8 Cr | ₹139.74 Cr | ₹121.58 Cr | ₹111.6 Cr | ₹104.64 Cr | ₹104.84 Cr |
| Finance Costs | ₹2.39 Cr | ₹3.55 Cr | ₹1.79 Cr | ₹1.49 Cr | ₹1.6 Cr | ₹2.41 Cr | ₹2.36 Cr |
| Depreciation & Amortisation | ₹34.15 Cr | ₹28.52 Cr | ₹15.23 Cr | ₹15.55 Cr | ₹15.47 Cr | ₹14.12 Cr | ₹12.49 Cr |
| Other Expenses | ₹501.4 Cr | ₹468.61 Cr | ₹408.64 Cr | ₹354.6 Cr | ₹304.86 Cr | ₹293.04 Cr | ₹353.79 Cr |
| Total Expenses | ₹1,978.13 Cr | ₹1,808.15 Cr | ₹1,779.26 Cr | ₹1,728.67 Cr | ₹1,405.52 Cr | ₹1,110.93 Cr | ₹1,193.38 Cr |
| Profit Before Exceptional Items & Tax | ₹208.1 Cr | ₹180.72 Cr | ₹173.88 Cr | ₹140.12 Cr | ₹149.84 Cr | ₹169.91 Cr | ₹144.77 Cr |
| Exceptional Items | ₹0 | -₹6.56 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹208.1 Cr | ₹174.16 Cr | ₹173.88 Cr | ₹140.12 Cr | ₹149.84 Cr | ₹169.91 Cr | ₹144.77 Cr |
| Total Tax Expense | ₹46.81 Cr | ₹32.86 Cr | ₹44.24 Cr | ₹32.58 Cr | ₹37.2 Cr | ₹44.1 Cr | ₹39.32 Cr |
| Net Profit | ₹191.62 Cr | ₹168.75 Cr | ₹142.93 Cr | ₹114.49 Cr | ₹122.91 Cr | ₹141.33 Cr | ₹122.06 Cr |
| attributable to Owners | ₹0 | ₹0 | ₹0 | ₹0 | - | ₹0 | ₹0 |
| attributable to NCI | ₹0 | ₹0 | ₹0 | ₹0 | - | ₹0 | ₹0 |
| Other Comprehensive Income | ₹28.5 Cr | ₹8.16 Cr | ₹82 Lakh | ₹1.46 Cr | -₹1.25 Cr | -₹1.79 Cr | -₹5.3 Cr |
| Total Comprehensive Income | ₹220.12 Cr | ₹176.91 Cr | ₹143.75 Cr | ₹115.95 Cr | ₹121.66 Cr | ₹139.54 Cr | ₹116.76 Cr |
| EBITDA (computed) | ₹244.64 Cr | ₹212.79 Cr | ₹190.9 Cr | ₹157.16 Cr | ₹166.91 Cr | ₹186.44 Cr | ₹159.62 Cr |
| Basic EPS | ₹112.75 | ₹99.29 | ₹84.10 | ₹67.37 | ₹72.32 | ₹415.80 | ₹356.34 |
| Diluted EPS | ₹112.75 | ₹99.29 | ₹84.10 | ₹67.37 | ₹72.32 | ₹415.80 | ₹356.34 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹1,406.05 Cr | ₹1,252.76 Cr | ₹1,156.21 Cr | ₹1,098.14 Cr |
| Non-current Assets | ₹459.37 Cr | ₹439.91 Cr | ₹385.37 Cr | ₹355.99 Cr |
| Current Assets | ₹944.67 Cr | ₹811.42 Cr | ₹769.11 Cr | ₹742.15 Cr |
| Property, Plant & Equipment | ₹220.57 Cr | ₹206.84 Cr | ₹171.11 Cr | ₹148.7 Cr |
| Inventories | ₹324.65 Cr | ₹333.24 Cr | ₹278.96 Cr | ₹303.7 Cr |
| Trade Receivables | ₹345.34 Cr | ₹290.32 Cr | ₹231.24 Cr | ₹237.38 Cr |
| Cash & Equivalents | ₹168.1 Cr | ₹43.08 Cr | ₹38.86 Cr | ₹59.82 Cr |
| Equity (Net Worth) | ₹1,035.61 Cr | ₹914.05 Cr | ₹827.49 Cr | ₹763.6 Cr |
| Equity Share Capital | ₹3.4 Cr | ₹3.4 Cr | ₹3.4 Cr | ₹3.4 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 | ₹0 | ₹4.41 Cr |
| Total Debt (computed) | ₹0 | ₹0 | ₹0 | ₹4.41 Cr |
| Current Liabilities | ₹313.04 Cr | ₹262.38 Cr | ₹272.93 Cr | ₹281.1 Cr |
| Total Liabilities | ₹370.44 Cr | ₹338.71 Cr | ₹328.72 Cr | ₹334.54 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹193.79 Cr | ₹29.72 Cr | ₹155.5 Cr | ₹103.48 Cr | ₹93.44 Cr |
| Investing Cash Flow | ₹47.24 Cr | ₹72.08 Cr | -₹91.81 Cr | ₹5.73 Cr | ₹37.31 Cr |
| Financing Cash Flow | -₹121.96 Cr | -₹98.89 Cr | -₹85.21 Cr | -₹81.47 Cr | -₹142.25 Cr |
| Capital Expenditure | ₹34.59 Cr | ₹42.18 Cr | ₹47.24 Cr | ₹15.45 Cr | ₹8.6 Cr |
| Free Cash Flow (computed) | ₹159.2 Cr | -₹12.46 Cr | ₹108.26 Cr | ₹88.03 Cr | ₹84.84 Cr |
| Dividends Paid | ₹101.06 Cr | ₹90.6 Cr | ₹81.89 Cr | ₹73.18 Cr | ₹139.39 Cr |
| Net Change in Cash | ₹125.02 Cr | ₹4.22 Cr | -₹20.96 Cr | ₹28.26 Cr | -₹11.49 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹606.98 Cr | ₹537.73 Cr | ₹509.23 Cr | ₹513.62 Cr | ₹531.91 Cr | ₹482.42 Cr | ₹476.22 Cr | ₹478.87 Cr | ₹486.82 Cr | ₹496.45 Cr | ₹474.18 Cr | ₹473.74 Cr |
| Other Income | ₹3.91 Cr | ₹5.17 Cr | ₹3.84 Cr | ₹5.75 Cr | ₹3.55 Cr | ₹4.72 Cr | ₹3.38 Cr | ₹7.82 Cr | ₹8.16 Cr | ₹3.98 Cr | ₹5.04 Cr | ₹4.77 Cr |
| Total Income | ₹610.89 Cr | ₹542.9 Cr | ₹513.07 Cr | ₹519.37 Cr | ₹535.46 Cr | ₹487.14 Cr | ₹479.6 Cr | ₹486.69 Cr | ₹494.98 Cr | ₹500.43 Cr | ₹479.22 Cr | ₹478.51 Cr |
| Cost of Materials Consumed | ₹303.27 Cr | ₹290.55 Cr | ₹236.39 Cr | ₹276.1 Cr | ₹285.18 Cr | ₹257.31 Cr | ₹237.74 Cr | ₹263.2 Cr | ₹270.52 Cr | ₹276 Cr | ₹261.83 Cr | ₹271.9 Cr |
| Purchases of Stock-in-Trade | ₹36.27 Cr | ₹32.89 Cr | ₹55.55 Cr | ₹27.14 Cr | ₹33.41 Cr | ₹35 Cr | ₹51.56 Cr | ₹38.23 Cr | ₹32.37 Cr | ₹30.69 Cr | ₹32.23 Cr | ₹35.04 Cr |
| Changes in Inventories | ₹19.52 Cr | -₹6.13 Cr | ₹10.75 Cr | -₹7.76 Cr | ₹8 Lakh | -₹5.24 Cr | -₹9.46 Cr | -₹18.71 Cr | -₹7.34 Cr | ₹2.69 Cr | ₹7.65 Cr | ₹28 Lakh |
| Employee Benefit Expense | ₹45.34 Cr | ₹41.77 Cr | ₹40.2 Cr | ₹38.34 Cr | ₹36.06 Cr | ₹37.67 Cr | ₹34.68 Cr | ₹30.82 Cr | ₹34.17 Cr | ₹37.11 Cr | ₹33.92 Cr | ₹34.54 Cr |
| Finance Costs | ₹71 Lakh | ₹45 Lakh | ₹62 Lakh | ₹61 Lakh | ₹75 Lakh | ₹94 Lakh | ₹1.18 Cr | ₹68 Lakh | ₹28 Lakh | ₹85 Lakh | ₹34 Lakh | ₹32 Lakh |
| Depreciation & Amortisation | ₹9.55 Cr | ₹8.69 Cr | ₹8.15 Cr | ₹7.76 Cr | ₹8.19 Cr | ₹6.92 Cr | ₹8.3 Cr | ₹5.11 Cr | ₹3.77 Cr | ₹3.89 Cr | ₹3.84 Cr | ₹3.79 Cr |
| Other Expenses | ₹140.04 Cr | ₹127.06 Cr | ₹113.27 Cr | ₹121.03 Cr | ₹109.52 Cr | ₹119.57 Cr | ₹115.55 Cr | ₹123.93 Cr | ₹109.86 Cr | ₹108.35 Cr | ₹96.98 Cr | ₹93.45 Cr |
| Total Expenses | ₹554.7 Cr | ₹495.28 Cr | ₹464.93 Cr | ₹463.22 Cr | ₹473.19 Cr | ₹452.17 Cr | ₹439.55 Cr | ₹443.26 Cr | ₹443.63 Cr | ₹459.58 Cr | ₹436.79 Cr | ₹439.32 Cr |
| Profit Before Exceptional Items & Tax | ₹56.19 Cr | ₹47.62 Cr | ₹48.14 Cr | ₹56.15 Cr | ₹62.27 Cr | ₹34.97 Cr | ₹40.05 Cr | ₹43.43 Cr | ₹51.35 Cr | ₹40.85 Cr | ₹42.43 Cr | ₹39.19 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | -₹6.56 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹56.19 Cr | ₹47.62 Cr | ₹48.14 Cr | ₹56.15 Cr | ₹62.27 Cr | ₹28.41 Cr | ₹40.05 Cr | ₹43.43 Cr | ₹51.35 Cr | ₹40.85 Cr | ₹42.43 Cr | ₹39.19 Cr |
| Total Tax Expense | ₹6.44 Cr | ₹12.01 Cr | ₹14.31 Cr | ₹14.05 Cr | ₹8.99 Cr | -₹38 Lakh | ₹11.48 Cr | ₹12.77 Cr | ₹12.53 Cr | ₹11.03 Cr | ₹9.89 Cr | ₹10.79 Cr |
| Net Profit | ₹57.46 Cr | ₹43.55 Cr | ₹40.94 Cr | ₹49.67 Cr | ₹59.7 Cr | ₹37.34 Cr | ₹34.6 Cr | ₹37.11 Cr | ₹42.92 Cr | ₹33.56 Cr | ₹35.22 Cr | ₹31.19 Cr |
| attributable to Owners | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | - | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| attributable to NCI | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | - | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Other Comprehensive Income | ₹15.8 Cr | ₹1.74 Cr | ₹2.69 Cr | ₹8.27 Cr | ₹5.67 Cr | -₹4.36 Cr | ₹7.04 Cr | -₹19 Lakh | -₹1.9 Cr | ₹3.7 Cr | -₹1.96 Cr | ₹98 Lakh |
| Total Comprehensive Income | ₹73.26 Cr | ₹45.29 Cr | ₹43.63 Cr | ₹57.94 Cr | ₹65.37 Cr | ₹32.98 Cr | ₹41.64 Cr | ₹36.92 Cr | ₹41.02 Cr | ₹37.26 Cr | ₹33.26 Cr | ₹32.17 Cr |
| EBITDA (computed) | ₹66.45 Cr | ₹56.76 Cr | ₹56.91 Cr | ₹64.52 Cr | ₹71.21 Cr | ₹42.83 Cr | ₹49.53 Cr | ₹49.22 Cr | ₹55.4 Cr | ₹45.59 Cr | ₹46.61 Cr | ₹43.3 Cr |
| Basic EPS | ₹33.81 | ₹25.63 | ₹24.09 | ₹29.23 | ₹35.12 | ₹21.97 | ₹20.36 | ₹21.84 | ₹25.25 | ₹19.75 | ₹20.73 | ₹18.35 |
| Diluted EPS | ₹33.81 | ₹25.63 | ₹24.09 | ₹29.23 | ₹35.12 | ₹21.97 | ₹20.36 | ₹21.84 | ₹25.25 | ₹19.75 | ₹20.73 | ₹18.35 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹1,546.96 Cr | ₹1,527.28 Cr | ₹1,555.13 Cr | ₹1,492.36 Cr | ₹1,247.65 Cr | ₹1,051.3 Cr | ₹1,127.28 Cr |
| Other Income | ₹115.49 Cr | ₹75.6 Cr | ₹57.2 Cr | ₹36.01 Cr | ₹45.78 Cr | ₹42.38 Cr | ₹32.88 Cr |
| Total Income | ₹1,662.45 Cr | ₹1,602.88 Cr | ₹1,612.33 Cr | ₹1,528.37 Cr | ₹1,293.43 Cr | ₹1,093.68 Cr | ₹1,160.16 Cr |
| Cost of Materials Consumed | ₹831.17 Cr | ₹846.29 Cr | ₹908.59 Cr | ₹960.63 Cr | ₹724.61 Cr | ₹540.12 Cr | ₹585.26 Cr |
| Purchases of Stock-in-Trade | ₹88.64 Cr | ₹105.47 Cr | ₹76.86 Cr | ₹57.81 Cr | ₹60.79 Cr | ₹36.11 Cr | ₹29.39 Cr |
| Changes in Inventories | ₹25.08 Cr | -₹28.41 Cr | ₹3.74 Cr | -₹20.5 Cr | -₹5.99 Cr | -₹13.75 Cr | -₹18.05 Cr |
| Employee Benefit Expense | ₹111.85 Cr | ₹93.29 Cr | ₹104.31 Cr | ₹93.16 Cr | ₹85.73 Cr | ₹82 Cr | ₹80.09 Cr |
| Finance Costs | ₹2.26 Cr | ₹3.46 Cr | ₹1.16 Cr | ₹1.2 Cr | ₹1.31 Cr | ₹1.74 Cr | ₹1.46 Cr |
| Depreciation & Amortisation | ₹23.81 Cr | ₹21.97 Cr | ₹9.78 Cr | ₹10.2 Cr | ₹10.73 Cr | ₹10.42 Cr | ₹9.36 Cr |
| Other Expenses | ₹437.15 Cr | ₹419.88 Cr | ₹370.58 Cr | ₹319.8 Cr | ₹279.86 Cr | ₹281.17 Cr | ₹330.02 Cr |
| Total Expenses | ₹1,519.96 Cr | ₹1,461.95 Cr | ₹1,475.02 Cr | ₹1,422.3 Cr | ₹1,157.04 Cr | ₹937.81 Cr | ₹1,017.53 Cr |
| Profit Before Exceptional Items & Tax | ₹142.49 Cr | ₹140.93 Cr | ₹137.31 Cr | ₹106.07 Cr | ₹136.39 Cr | ₹155.87 Cr | ₹142.63 Cr |
| Exceptional Items | ₹0 | -₹6.56 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹142.49 Cr | ₹134.37 Cr | ₹137.31 Cr | ₹106.07 Cr | ₹136.39 Cr | ₹155.87 Cr | ₹142.63 Cr |
| Total Tax Expense | ₹7.33 Cr | ₹9.49 Cr | ₹26.59 Cr | ₹21.18 Cr | ₹29.8 Cr | ₹38.42 Cr | ₹36.9 Cr |
| Net Profit | ₹135.16 Cr | ₹124.88 Cr | ₹110.72 Cr | ₹84.89 Cr | ₹106.59 Cr | ₹117.45 Cr | ₹105.73 Cr |
| Other Comprehensive Income | ₹7.99 Cr | ₹2.37 Cr | -₹1.77 Cr | -₹26 Lakh | -₹51 Lakh | -₹2.62 Cr | -₹3.58 Cr |
| Total Comprehensive Income | ₹143.15 Cr | ₹127.25 Cr | ₹108.95 Cr | ₹84.63 Cr | ₹106.08 Cr | ₹114.83 Cr | ₹102.15 Cr |
| EBITDA (computed) | ₹168.56 Cr | ₹166.36 Cr | ₹148.25 Cr | ₹117.47 Cr | ₹148.43 Cr | ₹168.03 Cr | ₹153.45 Cr |
| Basic EPS | ₹79.53 | ₹73.48 | ₹65.15 | ₹49.95 | ₹62.72 | ₹345.55 | ₹311.06 |
| Diluted EPS | ₹79.53 | ₹73.48 | ₹65.15 | ₹49.95 | ₹62.72 | ₹345.55 | ₹311.06 |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 |
|---|---|---|---|---|
| Total Assets | ₹1,042.89 Cr | ₹1,001.56 Cr | ₹961.82 Cr | ₹938.73 Cr |
| Non-current Assets | ₹372.45 Cr | ₹372.36 Cr | ₹337.54 Cr | ₹339.69 Cr |
| Current Assets | ₹668.43 Cr | ₹627.77 Cr | ₹622.55 Cr | ₹599.04 Cr |
| Property, Plant & Equipment | ₹125.31 Cr | ₹128.57 Cr | ₹105.35 Cr | ₹107.75 Cr |
| Inventories | ₹264.84 Cr | ₹286.84 Cr | ₹245.12 Cr | ₹269.59 Cr |
| Trade Receivables | ₹182.76 Cr | ₹186.58 Cr | ₹142.99 Cr | ₹148 Cr |
| Cash & Equivalents | ₹117.69 Cr | ₹12.71 Cr | ₹17.05 Cr | ₹43.63 Cr |
| Equity (Net Worth) | ₹794.03 Cr | ₹749.44 Cr | ₹712.54 Cr | ₹684.25 Cr |
| Equity Share Capital | ₹3.4 Cr | ₹3.4 Cr | ₹3.4 Cr | ₹3.4 Cr |
| Borrowings (Non-current) | ₹0 | ₹0 | ₹0 | ₹0 |
| Borrowings (Current) | ₹0 | ₹0 | ₹0 | ₹4.13 Cr |
| Total Debt (computed) | ₹0 | ₹0 | ₹0 | ₹4.13 Cr |
| Current Liabilities | ₹199.78 Cr | ₹182.16 Cr | ₹198 Cr | ₹204.49 Cr |
| Total Liabilities | ₹248.86 Cr | ₹252.12 Cr | ₹249.28 Cr | ₹254.48 Cr |
| Metrics | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Operating Cash Flow | ₹91.43 Cr | -₹34.89 Cr | ₹94.16 Cr | ₹54.23 Cr | ₹79.91 Cr |
| Investing Cash Flow | ₹135.1 Cr | ₹129.05 Cr | -₹36.19 Cr | ₹31.19 Cr | ₹46.72 Cr |
| Financing Cash Flow | -₹121.55 Cr | -₹98.5 Cr | -₹84.55 Cr | -₹67.61 Cr | -₹138.41 Cr |
| Capital Expenditure | ₹19.54 Cr | ₹21.33 Cr | ₹15.92 Cr | ₹7.36 Cr | ₹6.45 Cr |
| Free Cash Flow (computed) | ₹71.89 Cr | -₹56.22 Cr | ₹78.24 Cr | ₹46.87 Cr | ₹73.46 Cr |
| Dividends Paid | ₹101.06 Cr | ₹90.6 Cr | ₹81.89 Cr | ₹73.18 Cr | ₹139.39 Cr |
| Net Change in Cash | ₹104.98 Cr | -₹4.34 Cr | -₹26.58 Cr | ₹17.81 Cr | -₹11.78 Cr |
| Metrics | Q4 FY26 | Q3 FY26 | Q2 FY26 | Q1 FY26 | Q4 FY25 | Q3 FY25 | Q2 FY25 | Q1 FY25 | Q4 FY24 | Q3 FY24 | Q2 FY24 | Q1 FY24 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from Operations | ₹427.66 Cr | ₹395.02 Cr | ₹351.51 Cr | ₹372.77 Cr | ₹397.86 Cr | ₹385.63 Cr | ₹364.48 Cr | ₹378.24 Cr | ₹387.36 Cr | ₹403.56 Cr | ₹381.19 Cr | ₹383.02 Cr |
| Other Income | ₹37.78 Cr | ₹37.94 Cr | ₹27.19 Cr | ₹12.58 Cr | ₹19.8 Cr | ₹23.29 Cr | ₹13.61 Cr | ₹19.99 Cr | ₹18.86 Cr | ₹13.2 Cr | ₹11.25 Cr | ₹13.89 Cr |
| Total Income | ₹465.44 Cr | ₹432.96 Cr | ₹378.7 Cr | ₹385.35 Cr | ₹417.66 Cr | ₹408.92 Cr | ₹378.09 Cr | ₹398.23 Cr | ₹406.22 Cr | ₹416.76 Cr | ₹392.44 Cr | ₹396.91 Cr |
| Cost of Materials Consumed | ₹226.07 Cr | ₹221.66 Cr | ₹169.23 Cr | ₹214.21 Cr | ₹225.58 Cr | ₹206.58 Cr | ₹188.84 Cr | ₹220.92 Cr | ₹227.77 Cr | ₹233.04 Cr | ₹220.39 Cr | ₹227.39 Cr |
| Purchases of Stock-in-Trade | ₹18.21 Cr | ₹17.65 Cr | ₹38.39 Cr | ₹14.39 Cr | ₹19.05 Cr | ₹23.31 Cr | ₹38.2 Cr | ₹24.91 Cr | ₹16.98 Cr | ₹19.33 Cr | ₹17.79 Cr | ₹22.76 Cr |
| Changes in Inventories | ₹16.96 Cr | -₹96 Lakh | ₹8.99 Cr | ₹9 Lakh | -₹1.25 Cr | ₹1 Lakh | -₹8.21 Cr | -₹18.96 Cr | -₹8.2 Cr | ₹2.72 Cr | ₹9.1 Cr | ₹12 Lakh |
| Employee Benefit Expense | ₹30.31 Cr | ₹28.66 Cr | ₹27.17 Cr | ₹25.71 Cr | ₹24.85 Cr | ₹27.57 Cr | ₹24.04 Cr | ₹21.26 Cr | ₹24.73 Cr | ₹28.01 Cr | ₹25.41 Cr | ₹26.16 Cr |
| Finance Costs | ₹69 Lakh | ₹45 Lakh | ₹53 Lakh | ₹59 Lakh | ₹74 Lakh | ₹88 Lakh | ₹1.18 Cr | ₹66 Lakh | ₹24 Lakh | ₹32 Lakh | ₹30 Lakh | ₹30 Lakh |
| Depreciation & Amortisation | ₹6.49 Cr | ₹5.95 Cr | ₹5.8 Cr | ₹5.57 Cr | ₹6.06 Cr | ₹5.55 Cr | ₹6.74 Cr | ₹3.62 Cr | ₹2.41 Cr | ₹2.46 Cr | ₹2.49 Cr | ₹2.42 Cr |
| Other Expenses | ₹122.62 Cr | ₹112.01 Cr | ₹97.43 Cr | ₹105.09 Cr | ₹95.23 Cr | ₹110.08 Cr | ₹102.45 Cr | ₹112.08 Cr | ₹97.49 Cr | ₹97.87 Cr | ₹90.61 Cr | ₹84.61 Cr |
| Total Expenses | ₹421.35 Cr | ₹385.42 Cr | ₹347.54 Cr | ₹365.65 Cr | ₹370.26 Cr | ₹373.98 Cr | ₹353.24 Cr | ₹364.49 Cr | ₹361.42 Cr | ₹383.75 Cr | ₹366.09 Cr | ₹363.76 Cr |
| Profit Before Exceptional Items & Tax | ₹44.09 Cr | ₹47.54 Cr | ₹31.16 Cr | ₹19.7 Cr | ₹47.4 Cr | ₹34.94 Cr | ₹24.85 Cr | ₹33.74 Cr | ₹44.8 Cr | ₹33.01 Cr | ₹26.35 Cr | ₹33.15 Cr |
| Exceptional Items | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | -₹6.56 Cr | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 | ₹0 |
| Profit Before Tax | ₹44.09 Cr | ₹47.54 Cr | ₹31.16 Cr | ₹19.7 Cr | ₹47.4 Cr | ₹28.38 Cr | ₹24.85 Cr | ₹33.74 Cr | ₹44.8 Cr | ₹33.01 Cr | ₹26.35 Cr | ₹33.15 Cr |
| Total Tax Expense | -₹4.75 Cr | ₹3.9 Cr | ₹4.77 Cr | ₹3.41 Cr | ₹2.42 Cr | -₹5.24 Cr | ₹5.35 Cr | ₹6.96 Cr | ₹7.64 Cr | ₹6.76 Cr | ₹5.39 Cr | ₹6.8 Cr |
| Net Profit | ₹48.84 Cr | ₹43.64 Cr | ₹26.39 Cr | ₹16.29 Cr | ₹44.98 Cr | ₹33.62 Cr | ₹19.5 Cr | ₹26.78 Cr | ₹37.16 Cr | ₹26.25 Cr | ₹20.96 Cr | ₹26.35 Cr |
| Other Comprehensive Income | ₹8.74 Cr | -₹25 Lakh | -₹46 Lakh | -₹4 Lakh | ₹2.28 Cr | ₹5 Lakh | ₹34 Lakh | -₹30 Lakh | -₹1.56 Cr | -₹7 Lakh | -₹7 Lakh | -₹7 Lakh |
| Total Comprehensive Income | ₹57.58 Cr | ₹43.39 Cr | ₹25.93 Cr | ₹16.25 Cr | ₹47.26 Cr | ₹33.67 Cr | ₹19.84 Cr | ₹26.48 Cr | ₹35.6 Cr | ₹26.18 Cr | ₹20.89 Cr | ₹26.28 Cr |
| EBITDA (computed) | ₹51.27 Cr | ₹53.94 Cr | ₹37.49 Cr | ₹25.86 Cr | ₹54.2 Cr | ₹41.37 Cr | ₹32.77 Cr | ₹38.02 Cr | ₹47.45 Cr | ₹35.79 Cr | ₹29.14 Cr | ₹35.87 Cr |
| Basic EPS | ₹28.74 | ₹25.68 | ₹15.52 | ₹9.59 | ₹26.47 | ₹19.78 | ₹11.47 | ₹15.76 | ₹21.87 | ₹15.45 | ₹12.34 | ₹15.50 |
| Diluted EPS | ₹28.74 | ₹25.68 | ₹15.52 | ₹9.59 | ₹26.47 | ₹19.78 | ₹11.47 | ₹15.76 | ₹21.87 | ₹15.45 | ₹12.34 | ₹15.50 |
Shareholding Pattern of Veedol Corporation Limited
As per the shareholding pattern filed with NSE for the quarter ended Mar 2026, promoters hold 64.58%, foreign institutional investors hold 1.06%, domestic institutional investors hold 1.17%, retail and other public shareholders hold 30.72% of Veedol Corporation Limited. The company had 55,526 shareholders on record.
| Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | |
|---|---|---|---|---|---|---|
| Promoters | 64.58% | 64.58% | 64.58% | 62.35% | 64.29% | 64.29% |
| Public | 32.95% | 32.95% | 32.95% | 35.19% | 33.25% | 33.25% |
| Employee Trusts | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% |
| Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 64.58% | 64.29% | 62.27% | 57.28% | 57.28% | 57.28% | 57.28% | 57.28% | 57.27% | 55.61% | 26.23% |
| Public | 32.95% | 33.25% | 35.27% | 40.26% | 40.26% | 40.26% | 40.26% | 40.26% | 40.27% | 41.93% | 71.31% |
| Employee Trusts | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% | 2.46% |
| Promoter change (YoY, %pts) | +0.29 | +2.02 | +4.99 | +0.00 | +0.00 | +0.00 | +0.00 | +0.01 | +1.66 | +29.38 | - |
Board & Governance of Veedol Corporation Limited
As per the corporate governance filing with NSE for the quarter ended 31-MAR-2026, the board of Veedol Corporation Limited has 11 directors - 5 independent and 1 executive. The board is chaired by DURGESH SANJIVRAO CHANDAVARKAR.
| Director | Position | On board since | Listed boards |
|---|---|---|---|
| SUBIR DAS | Non-Executive - Independent Director | 2020-04-01 | 1 |
| ARIJIT BASU | Executive Director | 2023-03-01 | 1 |
| DURGESH SANJIVRAO CHANDAVARKAR | Non-Executive - Non Independent Director · Chairperson | 2017-05-30 | 1 |
| BHARATHI SIVASWAMI SIHAG | Non-Executive - Independent Director | 2021-04-07 | 1 |
| PRAVEEN PURUSHOTTAM KADLE | Non-Executive - Independent Director | 2020-11-13 | 4 |
| VINOD SOMALAL VYAS | Non-Executive - Non Independent Director | 2016-03-14 | 1 |
| ANANTA MOHAN SINGH | Non-Executive - Non Independent Director | 2024-02-13 | 2 |
| NITIN RAMESH GOKARN | Non-Executive - Independent Director | 2025-05-28 | 2 |
| KISHORE MUKUND SALETORE | Non-Executive - Independent Director | 2025-05-28 | 3 |
| BRAJESH KUMAR SRIVASTAVA | Non-Executive - Non Independent Director | 2025-08-26 | 0 |
| KULBHUSHAN MALHOTRA | Non-Executive - Non Independent Director | 2026-02-03 | 2 |
| Committee | Members |
|---|---|
| Audit Committee | KISHORE MUKUND SALETORE (Chairperson), SUBIR DAS, NITIN RAMESH GOKARN |
| Nomination and remuneration committee | NITIN RAMESH GOKARN (Chairperson), DURGESH SANJIVRAO CHANDAVARKAR, SUBIR DAS, PRAVEEN PURUSHOTTAM KADLE, BHARATHI SIVASWAMI SIHAG, ANANTA MOHAN SINGH |
| Stakeholders Relationship Committee | DURGESH SANJIVRAO CHANDAVARKAR (Chairperson), ARIJIT BASU, SUBIR DAS, ANANTA MOHAN SINGH |
| Risk Management Committee | SUBIR DAS (Chairperson), ARIJIT BASU, PRAVEEN PURUSHOTTAM KADLE |
| Corporate Social Responsibility Committee | PRAVEEN PURUSHOTTAM KADLE (Chairperson), ARIJIT BASU, SUBIR DAS |
| COMMITTEE OF DIRECTORS | DURGESH SANJIVRAO CHANDAVARKAR (Chairperson), SUBIR DAS, VINOD SOMALAL VYAS, PRAVEEN PURUSHOTTAM KADLE |
Charges & Borrowings of Veedol Corporation Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 22 Apr 2024 | Standard Chartered Bank | ₹20 Cr | Open |
| 05 Mar 2008 | Hdfc Bank Limited | ₹15 Cr | Open |
| 10 Aug 2005 | Citibank N.A | ₹45 Cr | Open |
| 21 May 2013 | The Hongkong and Shanghai Banking Corporation Limited | ₹15 Cr | Satisfied |
| 24 Mar 2011 | United Bank of India | ₹2 Cr | Satisfied |
Total charge records: 12 View all charges
Employees and EPFO Compliance at Veedol Corporation Limited
Veedol Corporation Limited has a workforce of 500 employees as of Mar 28, 2024.
Employee and EPFO history for Veedol Corporation Limited
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GST Compliance of Veedol Corporation Limited
GST registrations and filing compliance for Veedol Corporation Limited
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Credit Ratings, Litigation & Regulatory Alerts for Veedol Corporation Limited
Credit ratings, litigation, and regulatory alerts for Veedol Corporation Limited
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MSME Payment Delays by Veedol Corporation Limited
MSME payment history for Veedol Corporation Limited
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Subsidiaries & Group Companies of Veedol Corporation Limited
Corporate group structure for Veedol Corporation Limited
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MCA Filings & Documents of Veedol Corporation Limited
MCA filings and documents for Veedol Corporation Limited
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Recent Activity on Veedol Corporation Limited
Frequently Asked Questions about Veedol Corporation Limited
Veedol Corporation Limited is an active public limited company in the chemicals and materials sector based in Kolkata, West Bengal, India. It was incorporated on 26 October 1921 (105+ years old) and is registered under CIN L23209WB1921PLC004357. Listed on BSE: 590005 and NSE: TIDEWATER. The company has 500 employees.
Veedol Corporation Limited reported revenue of ₹2,168.54 Cr for FY 2026 (up 10.05% YoY) based on consolidated NSE filings.
The current directors of Veedol Corporation Limited are:
- Subir Das - Director
- Vinod Somalal Vyas - Director
- Durgesh Sanjivrao Chandavarkar - Director
- Praveen Purushottam Kadle - Director
- Bharathi Sivaswami Sihag - Director
- Kishore Mukund Saletore - Director
- Nitin Ramesh Gokarn - Director
- Ananta Mohan Singh - Director
- Rajendra Nath Ghosal - Managing Director
- Kulbhushan Malhotra - Director
The primary industry of Veedol Corporation Limited is chemicals and materials. The company specifically operates in petrochemicals and derivatives. The company is currently active in this sector.
Yes. Veedol Corporation Limited is listed on both BSE (code: 590005) and NSE (symbol: TIDEWATER).
Veedol Corporation Limited can be reached at the registered office: 8 Dr Rajendra Prasad Sarani, Kolkata, West Bengal, India – 700001, or through the website tidewaterindia.com.