Tide Water Oil Co, is a part of the multi divisional Andrew Yule group, which holds 26.22% stake. It manufactures and sells lubricants and greases for automotive and industrial applications in India under the brand name of Veedol. It has a technical collaboration with Nippon Oil Corporation and superior quality lubricants under the brand name Eneos are manufactured and marketed in India by Tide Water Oil.

In terms of financial performance, for Q3FY15, thanks to cutting costs by around 1.5% (YoY) and other income going up from Rs.2 crore to Rs.5 crore, the company could end the quarter with a 18% drop in net profit at Rs.14 crore. But for these and the 4% drop in net sales, the fall in net profit could have been steeper. But is it sure to end current fiscal on a bumper note as in Q2, it had earned an exceptional income of Rs.108 crore, which was profit on transfer of business on slump sale to JV promoter with JX Nippon Oil. This was more than the net profit of Rs.68 crore it earned for entire FY14. Its net profit for 9MFY15 stood at Rs.128 crore. The company’s equity is very small at Rs.85 lakh which explains the huge stock price. Only some 5.44 crore shares are in the public domain. Its reserve stands at Rs.498 crore, making it an ideal bonus candidate.