Veedol Corporation Limited, together with its subsidiaries, engages in the manufacturing and marketing of lubricants under the Veedol brand in India. It offers automotive lubricants, including two-wheeler, passenger car motor, commercial vehicle, tractor, off-highway, and gear and transmission oils, as well as greases, EV fluids, and OEM oils. The company also offers industrial lubricants comprising hydraulic and circulation, spindle, turbine, heavy-duty hydraulic, compressor, refrigeration compressor, steam cylinder, industrial gear, slideway, mill roll, pneumatic tool, and transmission oils; thermic and automotive fluids; lithium soap and complex greases, graphite, calcium complex, and high-temperature greases; and cardium compounds, industrial-speciality range, and coolants. In addition, it provides vehicle care products, such as additives range, appearance enhancers, cleaners and degreasers, lubricants, and rust penetrants. Further, it engages in the wind energy business. The company’s distribution network consists of distributors, retail outlets, and workshops. It operates in Europe, the Americas, the Middle East, Africa, the Asia Pacific, and South Asia. The company was formerly known as Tide Water Oil Co. (India) Limited and changed its name to Veedol Corporation Limited in September 2024. Veedol Corporation Limited was incorporated in 1921 and is based in Kolkata, India.
Metrics to compare | VEEO | Peers Peers - average of corresponding metrics from companies closely matching VEEO: GULFOILLUB, SOTL, ARABIAN, CASTROLIND, CHAMBLFERT | Sector Sector - Average of metrics from a broad group of related Energy sector companies | Relationship RelationshipVEEOPeersSector |
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P/E Ratio | 15.2x | 22.1x | 0.5x | |
PEG Ratio | 0.70 | 0.02 | 0.00 | |
Price/Book | 3.0x | 2.9x | 1.6x | |
Price / LTM Sales | 1.4x | 1.4x | 1.3x | |
Upside (Analyst Target) | - | 14.9% | 18.8% | |
Fair Value Upside | Unlock | 2.2% | 0.5% | Unlock |