Vadilal Industries Crosses Significant Milestone of Rs 4,000 Per Share Today

What comes to your mind when you hear the brand name Vadilal? Ice cream, right? Summer has started, and today the shares of Vadilal began shining, showcasing a significant rally of around 17.50% in the market.

Vadilal Industries is engaged in the business of manufacturing ice cream, frozen desserts, juice, and candy, as well as processing and exporting processed food products such as frozen fruits and vegetables, canned fruit pulp, ready-to-eat, and ready-to-serve products.

Share performance

Today, the Vadilal Industries share price opened the day at Rs 3678.30 per share on the BSE, hitting intraday highs and lows of Rs 4385 and Rs 3678.30, respectively. During the intraday trading session, it crossed a significant level of Rs 4000 per share and eventually closed the day at Rs 4333 per share on the BSE. The current market capitalisation of the company stands at Rs 3,114.49 per share on the BSE.

Additionally, the shares of Vadilal have generated an impressive return of around 104% in the past one year and an impressive return of 348% in the past three years. In the past decade, the company’s stock has delivered a remarkable multibagger return of over 2900%.

Stock Price Chart

Financial Performance

In Q3 FY24, Vadilal Industries reported a revenue of Rs 174.26 crore, representing a year-on-year growth of 21.5% from Rs 143.38 crore in the same quarter last year. The company’s operating profit stands at Rs 11.29 crore, with an operating profit margin of 6.48% compared to an operating loss of Rs 5.58 crore in the same quarter last year. The net profit of the company stood at Rs 9.24 crore in the December quarter, a significant improvement compared to a net loss of Rs 9.29 crore.

The company’s ROCE and ROE are at 25.6% and 28.4% respectively and the share of the company is trading at a PE of 20.9 times in the market.

In terms of ownership, the promoters hold 64.72% of the company, while Foreign Institutional Investors (FIIs) hold 0.09% and the remaining stake of 35.20% is held by public shareholders.

Investors must keep this stock on their radar.

Disclaimer: This blog has been written exclusively for educational purposes. The securities mentioned are only examples and not recommendations. It is based on several secondary sources on the internet and is subject to changes. Please consult an expert before making related decisions.