Company Profile
Vesuvius India Ltd. is mainly focused on manufacturing refractory products such as digital measurement refractories, advanced refractories, and crucible refractories. These products are used primarily in the steel industry, aluminum, and foundry sectors. Vesuvius Group (UK) is a parent company of Vesuvius India Ltd. The product range which is offered by the company includes flow control solutions (consumable ceramic products, systems, and robotics), advanced refractory solutions, digital measurements refractory solutions like temperature sensors, oxygen probes, and crucible refractory solutions. The services of Vesuvius Ltd. are technical assistance, repair, and maintenance of refractory products.
Quarterly Results of Vesuvius India Ltd.
| Particulars (in crores) | Ended Dec 31, 2024 |
Ended Dec 31, 2023 |
Ended Sept 30, 2024 |
| 1. Income from Operations | |||
| ( a ) Gross Sales / Revenue from operations | 50,749 | 41,315 | 44,352 |
| ( b ) Other Operating revenues | 115 | 364 | 64 |
| Total Income from Operations | 50,864 | 41,679 | 44,416 |
| 2. Other Income | 738 | 748 | 2,312 |
| 3. Total Income | 51,602 | 42,427 | 46,728 |
| 4. Expenses | |||
| ( a ) Cost of materials consumed | 15,832 | 15,814 | 16,910 |
| ( b ) Purchase of stock - in - trade | 8,622 | 8,076 | 9,843 |
| ( c ) Changes in inventory | 5,189 | ( 1,140 ) | ( 2,397 ) |
| ( d ) Employee benefits expense | 3,193 | 2,892 | 2,875 |
| ( e ) Finance costs | 30 | 29 | 29 |
| ( f ) Depreciation and amortization expense | 1,266 | 1,074 | 1,187 |
| ( g ) Other expenses | 9,836 | 8,036 | 9,295 |
| Total Expenses | 43,968 | 34,781 | 37,742 |
| 5. Profit before tax | 7,634 | 7,646 | 8,986 |
| 6. Tax expense | |||
| Current Tax | 1,918 | 1,892 | 2,067 |
| Current tax for earlier years | ( 531 ) | - | - |
| Deferred Tax | 254 | 47 | 73 |
| Total tax expense | 1,641 | 1,939 | 2,140 |
| 7. Net Profit for the period / year | 5,993 | 5,707 | 6,846 |
The quarterly results of the company have shown noticeable improvement in income from operations which increased from ₨44,352 cr (Sept) to ₨50,749 cr (Dec) at a growth of 14.51% and 22.83% on a YoY basis from ₨41,315 cr to ₨50,749 cr. The share of net profit after tax (PAT) and profit before tax (PBT) fall from past results despite better growth in revenue from operations, as profit before tax is ₨7,634 cr in December ended quarter in comparison to ₨8,986 cr in September 2024. The net profit of this quarter is majorly affected by an increase in the total expense of the company which is increased from ₨6,226 cr in comparison to the previous quarter and ₨9,187 cr on a YoY basis.
Yearly Result of Vesuvius India Ltd.
| Particulars (In crores) | FY Dec 31, 2024 | FY Dec 31, 2023 | FY Dec 31, 2022 |
| 1. Income from Operations | |||
| ( a ) Gross Sales / Revenue from operations | 186,497 | 159,121 | 1,33,521 |
| ( b ) Other Operating revenues | 360 | 1,192 | 737 |
| Total Income from Operations | 186,857 | 160,313 | 1,34,258 |
| 2. Other Income | 4,846 | 3,490 | 2,286 |
| 3. Total Income | 191,703 | 163,803 | 1,36,544 |
| 4. Expenses | |||
| ( a ) Cost of materials consumed | 64,976 | 60,679 | 51,084 |
| ( b ) Purchase of stock - in - trade | 36,622 | 31,358 | 30,621 |
| ( c ) Changes in inventory | 2,245 | ( 2,750 ) | -1,160 |
| ( d ) Employee benefits expense | 11,612 | 10,802 | 9,043 |
| ( e ) Finance costs | 118 | 43 | - |
| ( f ) Depreciation and amortisation expense | 4,585 | 3,592 | 2,986 |
| ( g ) Other expenses | 36,661 | 31,539 | 28,284 |
| Total Expenses | 156,819 | 135,263 | 120,858 |
| 5. Profit before tax | 34,884 | 28,540 | 15,686 |
| 6. Tax expense | |||
| Current Tax | 8,671 | 7,065 | 4,134 |
| Current tax for earlier years | ( 531 ) | - | - |
| Deferred Tax | 292 | 181 | ( 127 ) |
| Total tax expense | 8,432 | 7,246 | 4,007 |
| 7. Net Profit for the period / year | 26,452 | 21,294 | 11,679 |
The year-on-year comparison of the company's financial is moving in an upward direction as revenue from operations is growing on YoY basis which shows 16.55% growth from ₨160,313 cr in FY 2023 to ₨186,857 cr in FY 2024 and almost 40% growth from ₨134,258 cr in FY 2022. The persistent growth in company profit is derived mainly from better demand for company products in the market which leads to more expenditure in purchase in stocks & material consumed. The net profit after tax is increased significantly from 126.49% in comparison to ₨11,679 cr in FY 2022 to ₨26,452 cr in FY 2024.
Corporate Action of Vesuvius India Ltd.
Dividend Distribution & Record Date
The company board of directors in a meeting recommended ₨14.50 dividend per equity share face value of ₨10 each on the financial year ended December 31, 2024, and the decision is subject to the approval of the shareholder. The record date for determining the member who shall be entitled to receive a dividend is 1 May 2025 and if approved by the shareholder at an annual general meeting on 8 May 2025 will be paid thereafter.
Stock Split & Annual Result
The company approved the proposal of the stock split of shares in a 1:10 ratio means 1 equity share having a face value of ₨10 is divided into 10 equity shares with a face value of ₨1 each and it is subject to approval of the company at the annual general meeting. The company also approved a standalone financial statement ended on 31 December 2024.
Share Capital Pre and Post Stock Split
| Particulars | Pre-Split Share Capital | Post-Split Share Capital | ||
| No. of Shares | Face Value (Rs) | No. of Shares | Face Value (Rs) | |
| Authorised Share Capital | ||||
| Equity shares | 2,50,00,000 | 10 | 25,00,00,000 | 1 |
| Subscribed and Paid-up Share Capital | ||||
| Equity shares | 2,02,96,080 | 10 | 20,29,60,800 | 1 |
The reason for the stock split by the company is to enhance the liquidity of equity shares in the market and also encourage more participation of retail/small investors by reducing the share price & making it more affordable to retail investors.
