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← CockpitCompetitor Analysis › VESUVIUS.NS Vesuvius India LtdOpen in the cockpit ↗

Vesuvius India LtdVESUVIUS.NSCompetitor analysis, valuation and peers

India · INR·Construction & Infra›Construction Materials
Momentum laggard 8
Mkt cap
$782M
US dollars, full cap
Free float
44%
of shares outstanding
$/day
$256,429
20-day average traded
Fwd P/E
22.1×
forward earnings
ROIC−WACC
-1.2 pp
WACC 13.8%
Hurdle
+9 pp
Req g minus delivered
Next earnings
117 days
3 Mar 2027
Close · INR₹364.40
1D-1.0%
1W+1.1%
1M-11.1%
3M-18.3%
6M-31.2%
YTD-24.2%
1Y-26.0%
ATR %4.0%
Beta0.87
52w lowhigh40.1% off high

What Vesuvius India does

Employees: 3,520

Vesuvius India at a glance

Size Vesuvius India (VESUVIUS.NS) is an India Industrials company (Construction Materials) with a market value of $782M, the 678th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹364.40 on 6 Nov 2026.

Performance Over six months the shares fell 31.2%, against -15.7% for the median peer and 0.0% for the India market (cap-weighted) — 2nd lowest of 13 in its peer set.

Growth Revenue grew 4.4% over the last twelve months (peer median +7.0%); the operating margin is 13.0% (peer median 8.6%).

Valuation It trades at 22.1× forward earnings against a peer median of 24.5× (5th cheapest of 13).

Price implies For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.

Capital Return on invested capital runs 1.2 points below its cost of capital (13.8% WACC).

Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).

Relative performance

70809010011 May 202611 Aug 20266 Nov 2026Peer median 84VESUVIUS.NS 72
Six months, rebased to 100: Vesuvius India against the median of its 12 peers (local-currency closes).

Vesuvius India financials

Reported figures in INR; fiscal year ends 2025-12-31. TTM = trailing twelve months.
TTMFY2025FY2024FY2023FY2022
Revenue₹21.5B₹21.0B₹18.7B₹16.0B₹13.4B
Revenue growth—+13%+17%+19%—
Gross profit₹7.36B₹5.14B₹4.98B₹4.22B₹2.83B
EBITDA₹3.52B₹3.70B₹3.55B₹2.90B₹1.70B
Net income₹2.52B₹2.64B₹2.65B₹2.13B₹1.17B
Free cash flown/a₹1.00B₹433M-₹852M₹303M
Capital expendituren/a₹1.05B₹2.42B₹2.00B₹1.13B
Total debtn/a₹137M₹134M₹130M₹0

Quarterly statements and history in the cockpit →

Vesuvius India competitor charts

The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.

Performance: 6-month against 1-month return

0%+50%+100%-10%0%+10%STARCEMENTBIRLACORPNJKLAKSHMIINDIACEMNUVOCOMIDWESTLTDJSWCEMENTMONOLITHRAMCOCEMACCDALBHARATVESUVIUS.NS6-month return →1-month return →
Up and to the right = strong over both horizons. Vesuvius India is the large dot.

Fundamentals: revenue growth against valuation

0%+10%+20%+30%+40%20×40×60×80×STARCEMENTBIRLACORPNJKLAKSHMIPRSMJOHNSNINDIACEMNUVOCOMIDWESTLTDJSWCEMENTMONOLITHRAMCOCEMACCDALBHARATVESUVIUS.NSRevenue growth (TTM) →Forward P/E →
Further right = faster growth; higher = more expensive. The dashed lines are the peer medians. Vesuvius India is the large dot.

Capital: growth delivered against growth the price implies

+10%+20%+30%+40%20%40%STARCEMENTBIRLACORPNJKLAKSHMIPRSMJOHNSNNUVOCOMIDWESTLTDRAMCOCEMVESUVIUS.NSGrowth delivered (Del g) →Growth the price implies (Req g, 7 yrs) →
Above the diagonal = the price needs more growth than the company has been delivering; below = the price already allows for a slowdown. Vesuvius India is the large dot.

Vesuvius India competitors and peer comparison

How Vesuvius India compares with its peers

Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.

Vesuvius India against its 12 peers (data as of 6 Nov 2026)
MeasureVESUVIUS.NSPeer medianRank in peer set
1-month return-11.1%+1.0%lowest of 13
6-month return-31.2%-15.7%2nd lowest of 13
Distance from 52-week high-40.1%-34.3%3rd lowest of 13
Revenue growth (TTM)+4.4%+7.0%4th lowest of 13
Operating margin13.0%8.6%4th highest of 13
Forward P/E22.1×24.5×5th cheapest of 13
Growth the price implies (Req g, 7 yrs)30.4%17.8%3rd most demanding of 8
Growth delivered (Del g)+21.6%+8.7%highest of 8
Hurdle (Req g minus delivered)+8.8 pp+8.9 pp4th least demanding of 8
ROIC minus cost of capital-1.2 pp-6.0 pp3rd highest of 13
EV / EBITDA21.0×11.9×3rd most expensive of 13
Net debt / EBITDA-1.6×1.9×least indebted of 13

Peer table

Peer set: Industry: the same industry and sector in any market, nearest in size
CompanyMarketMarket cap6M returnRevenue growthOp. marginForward P/EReq gDelivered g
Vesuvius India VESUVIUS.NSIndia$782M-31%+4%13%22.1×30.4%+21.6%
Star Cement STARCEMENT.NSIndia$739M-28%+15%14%19.2×4.9%+16.8%
Birla BIRLACORPN.NSIndia$673M-16%+4%9%13.8×5.7%+7.6%
JK Lakshmi Cement JKLAKSHMI.NSIndia$598M-32%+5%8%13.2×14.5%+7.4%
Prism Johnson PRSMJOHNSN.NSIndia$538M-24%+1%3%79.9×22.6%+5.7%
India Cements INDIACEM.NSIndia$1.14B-15%+5%5%25.6×n/an/a
Nuvoco Vistas NUVOCO.NSIndia$1.29B+2%+11%8%20.8×17.8%+8.9%
Midwest MIDWESTLTD.NSIndia$383M-29%+3%21%23.4×39.8%+8.7%
JSW Cement JSWCEMENT.NSIndia$1.78B-1%+13%12%32.2×n/an/a
Monolithisch India MONOLITH.NSIndia$307M+136%+39%26%48.2×n/an/a
Ramco Cements RAMCOCEM.NSIndia$2.05B-15%+9%6%70.1×31.6%+11.2%
ACC ACC.NSIndia$2.46B-13%+8%4%22.9×n/an/a
Dalmia Bharat DALBHARAT.NSIndia$2.92B-26%+6%9%31.2×n/an/a

Questions

Which companies are Vesuvius India's closest peers?
The cockpit's peer set: Star Cement (STARCEMENT.NS), Birla (BIRLACORPN.NS), JK Lakshmi Cement (JKLAKSHMI.NS), Prism Johnson (PRSMJOHNSN.NS), India Cements (INDIACEM.NS), Nuvoco Vistas (NUVOCO.NS), Midwest (MIDWESTLTD.NS), JSW Cement (JSWCEMENT.NS).
Is Vesuvius India expensive compared with its peers?
On forward p/e it trades at 22.1× against a peer median of 24.5×, 5th cheapest of 13 in its peer set. For today's price to make sense, revenue must grow about 30% a year for seven years (Req g). Recent delivered growth is +22%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
How has Vesuvius India stock performed?
Over six months to 6 Nov 2026 the shares returned -31.2% against -15.7% for the median peer; over one year -26.0%.

How these numbers are made. Returns are close-to-close in local currency. Revenue growth and margins are trailing twelve months. Req g is the revenue growth that today's enterprise value requires for seven years at the company's own cost of capital; Delivered g is what it actually grew; the gap is the hurdle (honest precision about ±8 points, so read the ranking more than the decimal). No fair values, price targets or analyst ratings are shown, by design. Method and validation.