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Dossier · VADILAL ENTERPRISES LTD. · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
VADILAL ENTERPRISES LTD.
NSE: VADILENT · BSE: 519152
NSE: VADILENT · BSE: 519152
Fast Moving Consumer Goods › Fast Moving Consumer Goods › Food Products › Dairy Products
VADILAL ENTERPRISES LTD.
StateQ4 FY26 filed
Last close · 28 Oct 2026₹9,500.00
Market cap₹0.8k cr
TTM P/E · P/B · EV/EBITDA78.4 · 24.69 · 20.5
VADILAL ENTERPRISES LTD. is a Food Products company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
| ₹ crore · standalone | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Revenue | 547 | 930 | 999 | 1,119 | 1,217 |
| EBITDA (ex other income) | 12 | 9 | 14 | 24 | 37 |
| margin % | 2.3 | 1.0 | 1.4 | 2.1 | 3.0 |
| Owners' profit | 2 | 6 | 8 | 6 | 10 |
| EPS, as reported (₹) | 25.47 | 71.27 | 87.06 | 66.43 | 121.14 |
| ROE % · ROCE % | 41.6 · 55.0 | 55.6 · 60.2 | 41.6 · 37.1 | 25.7 · 25.3 | 31.6 · 27.6 |
| Debt / equity (x) | 1.13 | 0.24 | 1.44 | 2.03 | 1.82 |
| Cash from operations | 24 | 7 | 17 | 32 | 42 |
| Capex | (13) | (4) | (38) | (44) | (54) |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · VADILAL ENTERPRISES LTD. · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 513 | 246 | 136 | 224 | 517 | 264 | 145 | 291 |
| Profit before tax | 39 | 5 | (24) | (12) | 27 | 14 | (22) | (6) |
| Net profit | 29 | 4 | (43) | (9) | 20 | 11 | (16) | (4) |
| EPS (₹) | 335.82 | 44.40 | (212.25) | (101.55) | 233.00 | 123.92 | (186.86) | (48.92) |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| HATSUN AGRO PRODUCT LTD. | 21,739 | 62.4 | 11.89 | 23.1 | 13.4 | 10.5 | — | 10.9 |
| KWALITY WALL'S (INDIA) L | 8,528 | — | 12.69 | — | (54.9) | (37.5) | — | 13.5 |
| DODLA DAIRY LIMITED | 5,974 | 24.4 | 3.57 | 16.2 | 15.9 | 15.7 | 16.2 | 6.6 |
| VADILAL INDUSTRIES LTD | 5,280 | 23.6 | 6.21 | 19.7 | 18.2 | 19.3 | 26.5 | 28.4 |
| HERITAGE FOODS LTD | 3,331 | 24.7 | 3.01 | 12.0 | 13.5 | 13.8 | 12.8 | 5.1 |
| PARAG MILK FOODS LTD. | 2,985 | 22.6 | 2.37 | 11.6 | 10.7 | 10.1 | 15.7 | 7.4 |
| VADILAL ENTERPRISES LTD. ◆ | 817 | 78.4 | 24.69 | — | 31.6 | 17.4 | — | 0.7 |
| MILKFOOD LTD. | 222 | 19.2 | 1.31 | 13.1 | (5.1) | (3.2) | (4.1) | (3.0) |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/E (TTM) | 78.4 | 23.6 | 9 of 9 | 0% |
| P/B | 24.7 | 3.0 | 11 of 11 | 0% |
| ROCE | 17.4 | 10.1 | 2 of 13 | 92% |
| ROE | 31.6 | 10.7 | 1 of 11 | 100% |
| Debt / Equity | 1.8 | 0.3 | 11 of 11 | 0% |
| EBITDA margin | 0.7 | 6.5 | 9 of 11 | 20% |
| Revenue growth | 30.2 | 17.7 | 4 of 11 | 70% |
| Profit growth | 51.8 | 19.8 | 4 of 10 | 67% |
| Market cap | 817 | 817 | 7 of 13 | 50% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · VADILAL ENTERPRISES LTD. · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 28 Oct 2026 · EGM unanimously approves 12-month agreement with Vadilal Industries | board shareholder meetings | low | — | — |
| 28 Oct 2026 · EGM approves 12-month agreement with Vadilal Industries | board shareholder meetings | low | — | — |
| 27 Oct 2026 · Extraordinary meeting considers Vadilal Industries purchase agreement | board shareholder meetings | low | — | — |
| 26 Oct 2026 · Board to approve September 2026 quarterly and half-year results | results | low | — | — |
| 9 Oct 2026 · Compliance Certificate Reg 74(5) for Quarter Ended Sep 2026 | compliance | minimal | — | — |
| 5 Oct 2026 · EGM on Oct 27, 2026 for VIL supply deal worth INR 1,426 Cr | board shareholder meetings | low | — | — |
| 30 Sept 2026 · Fresh Supply Agreement with VIL Drafted, Needs Shareholder Approval | business updates | high | — | — |
| 30 Sept 2026 · Board approves EGM on October 27, 2026 via video conferencing | board shareholder meetings | low | — | — |
| 28 Sept 2026 · Trading window closed from Oct 1 for Q2 and H1 FY27 results | compliance | minimal | — | — |
| 23 Sept 2026 · Vadilal Enterprises credit rating downgraded, placed on negative watch | credit debt | high | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in