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VBL - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.7

Last Updated Time : 19 Mar 26, 07:11 pm

Fundamental Rating: 3.7

Stock Code VBL Market Cap 1,40,356 Cr. Current Price 415 ₹ High / Low 568 ₹
Stock P/E 54.6 Book Value 55.5 ₹ Dividend Yield 0.24 % ROCE 19.1 %
ROE 14.6 % Face Value 2.00 ₹ DMA 50 450 ₹ DMA 200 476 ₹
Chg in FII Hold -1.62 % Chg in DII Hold 1.78 % PAT Qtr 261 Cr. PAT Prev Qtr 577 Cr.
RSI 36.9 MACD -13.8 Volume 70,08,926 Avg Vol 1Wk 82,30,189
Low price 400 ₹ High price 568 ₹ PEG Ratio 2.14 Debt to equity 0.02
52w Index 8.75 % Qtr Profit Var 25.1 % EPS 7.91 ₹ Industry PE 47.8

📊 Financial Overview

  • Revenue & Profitability: Quarterly PAT fell sharply from 577 Cr. to 261 Cr. (-25.1%), showing earnings pressure. EPS at 7.91 ₹ is modest.
  • Margins & Returns: ROCE at 19.1% and ROE at 14.6% indicate decent efficiency but not industry-leading.
  • Debt: Debt-to-equity ratio of 0.02 reflects negligible leverage, ensuring balance sheet strength.
  • Cash Flow: Supported by low debt and consistent operations, though profitability trend is weakening.

💹 Valuation

  • P/E Ratio: 54.6 vs Industry PE of 47.8 → Overvalued relative to peers.
  • P/B Ratio: Current Price 415 ₹ vs Book Value 55.5 ₹ → High premium.
  • PEG Ratio: 2.14 → Moderately expensive relative to growth.
  • Intrinsic Value: Current price trades above fair value, limited margin of safety.

🏢 Business Model & Competitive Advantage

  • Strong presence in beverages with exclusive bottling rights.
  • Brand strength and distribution network provide competitive edge.
  • Low debt enhances resilience, but profitability volatility is a concern.

📈 Technicals & Entry Zone

  • RSI at 36.9 → Near oversold territory, potential accumulation zone.
  • MACD negative (-13.8) → Weak momentum, short-term caution advised.
  • Entry Zone: Attractive accumulation between 400–420 ₹.
  • Long-Term Holding: Suitable for investors seeking brand-backed stability, but valuation risks remain.

✅ Positive

  • Strong brand presence and distribution network.
  • Low debt-to-equity ratio ensures financial stability.
  • DII holdings increased by 1.78%, showing domestic institutional support.

⚠️ Limitation

  • High P/E ratio compared to industry peers.
  • Quarterly profit decline (-25.1%) raises concerns.
  • Weak technical momentum with negative MACD.

📉 Company Negative News

  • Quarterly PAT dropped significantly from 577 Cr. to 261 Cr.
  • FII holdings decreased by 1.62%, showing reduced foreign investor confidence.

📈 Company Positive News

  • DII holdings increased by 1.78%, reflecting strong domestic institutional support.
  • 52-week performance up 8.75%, showing resilience despite recent weakness.

🏭 Industry

  • Industry PE at 47.8 suggests sector trades at lower multiples.
  • VBL commands premium valuation due to brand strength, but earnings volatility limits confidence.

🔎 Conclusion

VBL demonstrates strong brand-backed fundamentals with low debt and a resilient distribution network. However, valuations are stretched, and recent profitability decline raises caution. Entry is favorable near 400–420 ₹ for long-term investors, but short-term momentum remains weak. Suitable as a long-term hold for those confident in the brand’s strength, though valuation and earnings risks must be considered.

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