VE Commercial Vehicles Ltd

Fortune 500 2014
+ 4 More
+ 4 More
OVERVIEW
FINANCIALS
NEWS

About

VE Commercial Vehicles Limited is a commercial transport company incorporated on 07 March, 2008. VECV is divided into five business units: Eicher Trucks and Buses, Volvo Trucks India, Eicher Engineering Components, Eicher Power Solutions and VE Powertrain. In 2008, two players, Volvo Group and Eicher Motors, in the commercial vehicle business joined hands. VECV offers a range of ultra-modern trucks across 4.9-55T, along with a wide range of safe and efficient buses with seating capacity of 12- 72 across light, medium and heavy-duty applications. VECV has 9 manufacturing facilities spread across India, supported by a strong dealership network of over 990+ touchpoints, with the largest one being Pithampur Plant. Volvo Trucks under VECV have delivered over 18,000 Heavy duty trucks and facilitate 40% of coal production in India.

Incorporation Year: 2008
Headquarters: Gurugram
Top Management: Vinod Aggarwal
Industry: Travel & Tourism
Website: www.vecv.in

Featured In Fortune India Ranking

Fortune 500 India
#201(2014)
#183(2013)
#183(2012)
#197(2011)
#240(2010)
#201(2014)#183(2013)#183(2012)#197(2011)#240(2010)
Ranking Trend Fortune 500 India

Financial Data 2024

Revenue
22,572
(INR Cr)
Net Operating Income
21,868
(INR Cr)
Assets
5,448
(INR Cr)
Profit
823
(INR Cr)
Net Worth
4,740
(INR Cr)

Fortune India Coverage

Financial Data

RevenueNet Operating IncomeProfitAssetsNet Worth
PARAMETERS2024202320222021202020192018201720162014201320122011201020092008
Revenue
(INR Cr)
22572
17.3%
19250
49.6%
12871
43.2%
8991
9.7%
8196
-32.1%
12065
17.9%
10236
20.4%
8501
-13.4%
9811
68.1%
5835
12.8%
5174
-5.3%
5462
5.5%
5180
25.4%
4131
64.1%
2517
123.1%
1128
-
Net Operating Income
(INR Cr)
21868
15.38%
18952
48.94%
12724
46.66%
8676
0.00%
8494
-26.69%
11587
15.49%
10033
17.99%
8503
-11.00%
9554
67.93%
5758
12.25%
5130
-4.08%
5348
6.62%
5016
26.68%
3959
0.00%
2523
156.16%
985
0.00%
Profit
(INR Cr)
823
42.1%
579
424.0%
111
93.2%
57
-3.5%
59
-87.7%
481
1.5%
474
36.3%
347
-7.1%
374
97.4%
189
-34.3%
288
-12.7%
330
-20.2%
414
60.0%
259
172.4%
95
473.6%
17
-
Assets
(INR Cr)
5448
14.6%
4752
21.4%
3913
-4.7%
4106
11.5%
3684
-7.9%
3999
8.9%
3673
12.5%
3266
20.9%
2702
11.0%
2434
3.8%
2344
12.5%
2085
12.7%
1850
22.2%
1514
12.8%
1342
3.2%
1301
-
Net Worth
(INR Cr)
4740
15.7%
4096
13.8%
3599
1.7%
3541
0.0%
3488
-2.7%
3582
10.3%
3248
12.4%
2890
13.8%
2540
9.7%
2304
4.5%
2205
10.0%
2005
13.8%
1762
22.7%
1436
0.0%
1235
5.7%
1168
0.0%
Employee Cost
(INR Cr)
1350
19.0%
1135
23.3%
920
18.3%
778
-0.4%
781
1.2%
772
12.9%
684
9.9%
623
-6.3%
664
33.5%
497
17.8%
422
11.6%
378
28.5%
295
31.6%
224
52.8%
146
116.4%
68
-
Interest Cost
(INR Cr)
453236392421161868846775
Cash & Bank Balance
(INR Cr)
24032601138614731208172016081056516421637795118912351056760
Total Debt
(INR Cr)
4434671133920282257204375880182978108132

Key Financial Ratios

Profit As % Of RevenuesRONW %Interest Cost to EBITDA %ROCE %Debt to Equity Ratio
PARAMETERS2024202320222021202020192018201720162014201320122011201020092008
Profit As % Of Revenues 3.7%3.0%0.9%0.6%0.7%4.0%4.6%4.1%3.8%3.3%5.6%6.1%8.0%6.3%3.8%1.5%
Profit As % Of Assets 15.1%12.2%2.8%1.4%1.6%12.0%12.9%10.6%13.8%7.8%12.3%15.8%22.4%17.1%7.1%1.3%
Profit As % Of Networth 17.4%14.1%3.1%1.6%1.7%13.4%14.6%12.0%14.7%8.2%13.1%16.5%23.5%18.0%7.7%1.4%
Interest Cost to EBITDA % 2.6%2.4%5.0%6.6%6.0%2.1%1.8%2.6%0.8%2.1%1.9%0.9%1.1%2.2%7.4%-
Debt to Equity Ratio 0.090.110.030.11-0.080.080.070.010.030.040.010.020.050.090.11
RONW 18.6%15.1%3.1%1.6%1.7%14.1%15.4%12.8%12.3%8.4%13.7%16.5%23.5%18.0%9.1%1.7%
ROCE 25.8%21.3%5.3%3.1%2.0%18.3%19.3%15.4%15.3%10.4%16.1%20.6%30.5%24.1%13.0%1.5%