Vesuvius India Ltd, part of the global Vesuvius Group, is a leading provider of metal flow engineering and refractories solutions, primarily serving industries like steel, glass, and foundries. Headquartered in Kolkata, the company specializes in designing and manufacturing customized refractories, systems, and technologies that help clients withstand extreme temperatures, erosion, and chemical damage. With a strong emphasis on research, sustainability, and customer satisfaction, Vesuvius India offers both high-performance products and expert services that improve operational efficiency and reduce environmental impact. The company’s innovative solutions and commitment to quality make it a trusted partner in enhancing performance and optimizing processes across diverse industrial sectors.
News on Vesuvius India
Vesuvius India Ltd recently inaugurated a new mould flux manufacturing plant in Vishakapatnam, marking a significant milestone in the company’s expansion strategy. This new facility is set to enhance Vesuvius India’s production capabilities, allowing the company to better serve its growing customer base in the steel and metal industries. The plant’s advanced manufacturing processes will support the company’s commitment to providing high-quality, innovative solutions while also improving operational efficiency. The establishment of this plant aligns with Vesuvius India’s growth plans and strengthens its position in the global market, enabling the company to meet increasing demand and further solidify its leadership in the refractories and metal flow engineering sectors.
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | |
| Promoters + | 55.57% | 55.57% | 55.57% | 55.57% | 55.57% |
| FIIs + | 1.26% | 1.73% | 1.57% | 2.34% | 2.34% |
| DIIs + | 23.28% | 23.26% | 23.06% | 20.92% | 20.92% |
| Public + | 19.90% | 19.43% | 19.81% | 21.17% | 21.17% |
| No. of Shareholders | 20,531 | 21,474 | 22,517 | 25,289 | 25,289 |
The shareholding pattern of Vesuvius India Ltd reflects a stable distribution of ownership among promoters, institutional investors, and the public over the last year. As of September 2023, promoters hold a dominant 55.57% stake, maintaining this level through December 2023, March 2024, and beyond. The Foreign Institutional Investors (FIIs) have shown slight fluctuations in their holdings, starting at 1.26% in September 2023 and increasing to 2.34% by June 2024, demonstrating growing interest in the company. Domestic Institutional Investors (DIIs) have experienced a slight decline, with their stake dropping from 23.28% in September 2023 to 20.92% by June 2024, reflecting a modest shift in institutional preferences. Meanwhile, the public’s shareholding has increased, from 19.90% in September 2023 to 21.17% in June 2024, indicating greater participation by retail investors. The total number of shareholders has also grown consistently, from 20,531 in September 2023 to 25,289 by June 2024, suggesting rising investor interest in Vesuvius India Ltd as the company continues to expand its operations and market presence.
Below are the trading platforms that you can use to purchase Vesuvius India shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| November 2024 | 5,416.55 | 4,710.05 |
| December 2024 | 5,470.72 | 4,757.15 |
As we approach the end of 2024, Vesuvius India is projected to experience notable price movements. In November 2024, the maximum price is expected to reach ₹5,416.55, while the minimum price is anticipated to be ₹4,710.05. Moving into December 2024, the maximum price is likely to touch ₹5,470.72, with the minimum price estimated at ₹4,757.15.
| When | Maximum Price | Minimum Price |
| January 2025 | 5,525.43 | 4,250.33 |
| February 2025 | 5,581.24 | 4,293.26 |
| March 2025 | 5,698.45 | 4,383.42 |
| April 2025 | 5,642.02 | 4,340.02 |
| May 2025 | 5,477.69 | 4,213.61 |
| June 2025 | 5,724.19 | 4,403.22 |
| July 2025 | 5,611.95 | 4,316.89 |
| August 2025 | 5,785.52 | 4,450.40 |
| September 2025 | 5,854.94 | 4,503.80 |
| October 2025 | 6,007.17 | 4,620.90 |
| November 2025 | 6,157.35 | 4,736.42 |
| December 2025 | 6,434.43 | 4,949.56 |
As we move through 2025, Vesuvius India is expected to show steady price growth. January may see prices ranging from ₹4,250.33 to ₹5,525.43, while February and March could witness highs of ₹5,581.24 and ₹5,698.45, respectively. By mid-year, June prices are anticipated to range from ₹4,403.22 to ₹5,724.19. Towards the end of the year, October could peak at ₹6,007.17, with November and December reaching highs of ₹6,157.35 and ₹6,434.43, reflecting consistent momentum throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 6,627.46 | 5,098.05 |
| February 2026 | 6,461.78 | 4,970.60 |
| March 2026 | 6,591.01 | 5,070.01 |
| April 2026 | 6,725.52 | 5,173.48 |
| May 2026 | 6,658.93 | 5,122.26 |
| June 2026 | 6,825.41 | 5,250.31 |
| July 2026 | 6,691.58 | 5,147.37 |
| August 2026 | 6,898.53 | 5,306.56 |
| September 2026 | 7,036.50 | 5,412.69 |
| October 2026 | 7,219.45 | 5,553.42 |
| November 2026 | 7,399.94 | 5,692.26 |
| December 2026 | 7,584.94 | 5,834.57 |
| When | Maximum Price | Minimum Price |
| January 2027 | 7,660.79 | 5,892.91 |
| February 2027 | 7,857.22 | 6,044.01 |
| March 2027 | 8,163.65 | 6,279.73 |
| April 2027 | 8,003.58 | 6,156.60 |
| May 2027 | 7,770.46 | 5,977.28 |
| June 2027 | 8,120.13 | 6,246.26 |
| July 2027 | 7,960.92 | 6,123.78 |
| August 2027 | 8,207.13 | 6,313.18 |
| September 2027 | 8,494.38 | 6,534.14 |
| October 2027 | 8,715.23 | 6,704.02 |
| November 2027 | 8,933.11 | 6,871.63 |
| December 2027 | 9,156.44 | 7,043.42 |
| When | Maximum Price | Minimum Price |
| January 2028 | 9,339.57 | 7,184.28 |
| February 2028 | 9,579.05 | 7,368.50 |
| March 2028 | 9,952.63 | 7,655.87 |
| April 2028 | 9,757.48 | 7,505.75 |
| May 2028 | 9,473.28 | 7,287.14 |
| June 2028 | 9,899.58 | 7,615.06 |
| July 2028 | 9,705.47 | 7,465.75 |
| August 2028 | 10,005.64 | 7,696.64 |
| September 2028 | 10,355.84 | 7,966.03 |
| October 2028 | 10,625.09 | 8,173.14 |
| November 2028 | 10,890.71 | 8,377.47 |
| December 2028 | 11,162.98 | 8,586.91 |
| When | Maximum Price | Minimum Price |
| January 2029 | 11,386.24 | 8,758.65 |
| February 2029 | 11,678.20 | 8,983.23 |
| March 2029 | 12,133.65 | 9,333.57 |
| April 2029 | 11,895.73 | 9,150.56 |
| May 2029 | 11,549.25 | 8,884.04 |
| June 2029 | 12,068.97 | 9,283.82 |
| July 2029 | 11,832.32 | 9,101.79 |
| August 2029 | 12,198.27 | 9,383.29 |
| September 2029 | 12,625.21 | 9,711.70 |
| October 2029 | 12,953.47 | 9,964.21 |
| November 2029 | 13,277.30 | 10,213.31 |
| December 2029 | 13,609.24 | 10,468.64 |
| When | Maximum Price | Minimum Price |
| January 2030 | 13,881.42 | 10,678.02 |
| February 2030 | 14,237.36 | 10,951.81 |
| March 2030 | 14,792.61 | 11,378.93 |
| April 2030 | 14,502.56 | 11,155.82 |
| May 2030 | 14,080.16 | 10,830.89 |
| June 2030 | 14,713.76 | 11,318.28 |
| July 2030 | 14,425.26 | 11,096.35 |
| August 2030 | 14,871.40 | 11,439.54 |
| September 2030 | 15,391.90 | 11,839.92 |
| October 2030 | 15,792.09 | 12,147.76 |
| November 2030 | 16,186.89 | 12,451.45 |
| December 2030 | 16,591.56 | 12,762.74 |
As we move through 2030, Vesuvius India is anticipated to exhibit remarkable price performance. In January, the prices are expected to range from ₹10,678.02 to ₹13,881.42, followed by February’s anticipated range of ₹10,951.81 to ₹14,237.36. By March, prices may peak at ₹14,792.61, with a minimum of ₹11,378.93. As we progress, June could see highs of ₹14,713.76, with lows of ₹11,318.28. Towards the year’s end, October prices are projected to range from ₹12,147.76 to ₹15,792.09, while November and December could reach impressive highs of ₹16,186.89 and ₹16,591.56.
Financial Condition of Vesuvius India
| Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | TTM | |
| Sales + | 792 | 1,047 | 1,343 | 1,603 | 1,777 |
| Expenses + | 714 | 947 | 1,178 | 1,314 | 1,431 |
| Operating Profit | 77 | 100 | 165 | 289 | 346 |
| OPM % | 10% | 10% | 12% | 18% | 19% |
| Other Income + | 21 | 20 | 23 | 35 | 49 |
| Interest | 1 | 1 | 1 | 2 | 1 |
| Depreciation | 26 | 27 | 30 | 36 | 44 |
| Profit before tax | 72 | 92 | 157 | 285 | 349 |
| Tax % | 26% | 26% | 26% | 25% | |
| Net Profit + | 53 | 68 | 117 | 213 | 262 |
| EPS in Rs | 26.14 | 33.53 | 57.54 | 104.92 | 128.92 |
| Dividend Payout % | 27% | 24% | 14% | 12% |
Vesuvius India has demonstrated a strong financial performance over recent years, marked by consistent growth in key metrics. The company’s sales have grown significantly, from ₹792 crore in December 2020 to ₹1,603 crore in December 2023, with the trailing twelve months (TTM) reflecting ₹1,777 crore. Correspondingly, expenses have risen, but at a controlled pace, allowing operating profit to surge from ₹77 crore in December 2020 to ₹289 crore in December 2023, with an impressive ₹346 crore in the TTM. The operating profit margin (OPM) has improved from 10% in 2020 to 19% in the TTM, indicating enhanced operational efficiency.
Vesuvius India also recorded steady growth in other income, which increased from ₹21 crore in 2020 to ₹49 crore in the TTM. Despite minimal interest costs, depreciation expenses rose from ₹26 crore in 2020 to ₹44 crore in the TTM. This growth contributed to a sharp rise in profit before tax, which climbed from ₹72 crore in 2020 to ₹349 crore in the TTM. Net profit followed a similar trend, increasing from ₹53 crore in 2020 to ₹262 crore in the TTM, with a stable tax rate of 25-26%.
Earnings per share (EPS) saw a notable rise, from ₹26.14 in 2020 to ₹128.92 in the TTM, reflecting strong shareholder value creation. However, the dividend payout ratio decreased from 27% in 2020 to 12% in 2023, suggesting a strategic focus on reinvestment for growth. Overall, Vesuvius India’s robust financial performance highlights its resilience and growth trajectory in the metal flow engineering and refractories industry.
FAQs
What is Vesuvius India current market capitalization?
Vesuvius India current market capitalization is ₹10,800 crore.
The projected share price target for Vesuvius India in 2025 ranges from ₹4,213.61 to ₹6,434.43.
The projected share price target for Vesuvius India in 2030 ranges from ₹10,678.02 to ₹16,591.56.
What is Vesuvius India current price-to-earnings (PE) ratio?
Vesuvius India current price-to-earnings (PE) ratio is 41.3.
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Conclusion
In conclusion, Vesuvius India Ltd has showcased remarkable growth across multiple dimensions, from expanding its production capabilities with a new manufacturing plant in Vishakapatnam to maintaining a stable and attractive shareholding pattern. The company’s consistent financial performance, with steady increases in sales, operating profit, and EPS, highlights its strong operational efficiency and market presence. Its projected share price targets from 2024 to 2030 indicate sustained investor confidence and robust growth potential, supported by its focus on innovation and customer-centric solutions. Overall, Vesuvius India remains a promising player in the refractories and metal flow engineering sector.
What did we learn?
- 1 News on Vesuvius India
- 2 Shareholdings Patterns of Vesuvius India
- 3 How to Purchase Vesuvius India Shares?
- 4 Vesuvius India Share Price Target 2024 – 2030
- 4.1 Vesuvius India Share Price Target 2024
- 4.2 Vesuvius India Share Price Target 2025
- 4.3 Vesuvius India Share Price Prediction 2026
- 4.4 Vesuvius India Share Price Target 2027
- 4.5 Vesuvius India Share Price Prediction 2028
- 4.6 Vesuvius India Share Price Target 2029
- 4.7 Vesuvius India Share Price Prediction 2030
- 5 Financial Condition of Vesuvius India
- 6 FAQs
- 7 Conclusion
