A fundamental analysis of Vesuvius India Ltd. (VESUVIUS) covering revenue trends, profitability, valuation, and shareholding patterns.
Vesuvius Revenue Trend
In FY2024, Vesuvius India Ltd. posted revenue of ₹1,917 Cr, up 17.0% from ₹1,638 Cr a year earlier.
Revenue compounded at 11.4% annually over 10 years for Vesuvius India Ltd.. That's a strong growth rate that comfortably outpaces inflation.
A ₹1,917 Cr revenue base makes Vesuvius India Ltd. a mid-sized name in the Indian refractories sector.
With 4 straight years of revenue growth, this isn't a blip — the trajectory is clear for Vesuvius India Ltd..
| Year | Revenue | YoY % |
|---|---|---|
| FY2024 | ₹1,917 Cr | +17.0% |
| FY2023 | ₹1,638 Cr | +20.0% |
| FY2022 | ₹1,365 Cr | +28.0% |
| FY2021 | ₹1,067 Cr | +34.8% |
| FY2020 | ₹792 Cr | — |
View Vesuvius India Ltd.'s full 10-year revenue trend with CAGR analysis →
Vesuvius Profitability
Vesuvius India Ltd. delivered net profit of ₹265 Cr in FY2024, a solid 24.2% jump from ₹213 Cr in FY2023.
On the margin front, there's improvement — net margin went from 13.0% in FY2023 to 13.8% in FY2024.
Looking at per-share numbers, diluted EPS was ₹13.03 in FY2024 — up from ₹10.49.
Is Vesuvius Undervalued
The P/E Ratio valuation pegs Vesuvius India Ltd.'s fair value at ₹481, which is 0.0% downside from the current price.
Vesuvius India Ltd. shares are currently trading at ₹481.15.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹481 | 0.0% downside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for Vesuvius India Ltd. with detailed assumptions →
Vesuvius Shareholding Pattern
Promoters continue to hold 55.6% of the company, unchanged over recent quarters.
FII ownership stands at 4.6%, up from the 4.3% recorded a year ago.
On the domestic institutional side, the holding is 22.0% as of March 2026 — up from 20.8%.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 55.6% | 4.6% | 22.0% | 17.8% |
| Dec 2025 | 55.6% | 4.4% | 21.9% | 18.1% |
| Sep 2025 | 55.6% | 4.4% | 21.3% | 18.7% |
| Jun 2025 | 55.6% | 4.3% | 20.8% | 19.3% |
Track quarterly shareholding changes for Vesuvius India Ltd. →
Vesuvius Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
FY2024 total assets: ₹18.47B (up 16.2% YoY from ₹15.89B).
Top categories: Property, Plant & Equipment (29.3%), Other Assets (27.9%), Receivables (20.9%).
Of the ₹18.47B in liabilities and equity, 77.5% is shareholder equity, 0.7% is interest-bearing debt, and 21.8% is operating liabilities. Over the year, debt is up 2.8% and equity is up 19.9%.
Balance sheet composition — FY 2024
| Category | Value |
|---|---|
| Cash & ST Investments | 1.58B |
| Receivables | 3.85B |
| Inventories | 2.47B |
| Property, Plant & Equipment | 5.40B |
| Intangibles & Goodwill | 4.30M |
| Other Assets | 5.16B |
| Category | Value |
|---|---|
| Equity | 14.31B |
| Short-term Debt | 3.50M |
| Long-term Debt | 130.40M |
| Trade Payables | 2.97B |
| Other Liabilities | 1.06B |
Vesuvius Key Highlights
What should investors take away from Vesuvius India Ltd.'s (VESUVIUS) latest numbers? Here's the summary.
Revenue of ₹1,917 Cr in FY2024, up 17.0% year-over-year.
Long-term revenue has been compounding at 11.4% annually over 10 years.
The company is profitable, with a net margin of 13.8% and net income of ₹265 Cr.
The P/E Ratio model implies 0.0% downside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
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