Varroc Engineering Ltd.

NSE: VARROC BSE: 541578 SECTOR: Auto Ancillary  41k   133   24

298.50
+9.75 (3.38%)
NSE: Today, 03:59 PM

Price Summary

Today's High

₹ 302.5

Today's Low

₹ 287.1

52 Week High

₹ 493.85

52 Week Low

₹ 279.1

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyPoor
The company seems highly inefficient in case of asset management.
FinancialsWeak
Watch out! The company might not be able to sustain any adverse condition.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

4560.67 Cr.

Enterprise Value

5680.34 Cr.

No. of Shares

15.28 Cr.

P/E

0

P/B

7.84

Face Value

₹ 1

Div. Yield

0 %

Book Value (TTM)

₹  38.08

CASH

43.01 Cr.

DEBT

1162.67 Cr.

Promoter Holding

75 %

EPS (TTM)

₹  -89.22

Sales Growth

28.5%

ROE

1.35 %

ROCE

4.91%

Profit Growth

-71.81 %

* Total debt includes long term borrowing, short term borrowing plus current maturities of long-term borrowing
* Ratios are based on latest Audited Financial Result.

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Price Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

 

Volume Chart 1d 1w 1m 3m 6m 1Yr 3Yr 5Yr

* Prices are based on daily market changes.
* The chart is based on the standalone earnings of the company. * Negative values and values more than 1000x in PE chart is considered 0.

Peer Comparison

View Full Peer Comparison
* The Peers list includes companies operating in the same industry and having comparable market cap.

 Group Companies

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Ratios

Sales Growth

1 Year28.5%
3 Year8.56%
5 Year14.45%

Profit Growth

1 Year-71.81%
3 Year-39.87%
5 Year-9.16%

ROE%

1 Year1.35%
3 Year5.52%
5 Year6.97%

ROCE %

1 Year4.91%
3 Year8.44%
5 Year9.89%

Debt/Equity

0.599

Price to Cash Flow

10.66

Interest Cover Ratio

1.49143730214562

CFO/PAT (5 Yr. Avg.)

3.5020479599402

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2022 75 0
Jun 2022 75 0
Mar 2022 75 0
Dec 2021 75 0
Sep 2021 75 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • Company’s PEG ratio is 0.0465949247304846.
  • The company has an efficient Cash Conversion Cycle of -19.1044090476521 days.
  • The company has a high promoter holding of 75%.
  • The company has a strong degree of Operating leverage, Average Operating leverage stands at 3.38571600585624.

 Limitations

  • The company has shown a poor profit growth of -39.8729601696431% for the Past 3 years.
  • The company has shown a poor revenue growth of 8.55660466950263% for the Past 3 years.
  • Company has a poor ROE of 5.51638885604466% over the past 3 years.
  • Company has contingent liabilities of 919.205 Cr.
  • The company is trading at a high PE of 0.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
Net Sales 888.16 856.81 880.82 919.21 1088.73
Total Expenditure 811.71 805.39 816.6 865.47 1018.11
Operating Profit 76.45 51.42 64.22 53.74 70.63
Other Income 25.43 13.89 15.81 15.21 17.27
Interest 17.38 28.63 32.4 33.62 40.86
Depreciation 44.07 44.14 42.59 44.66 44.43
Exceptional Items 0 0 0 0 -1324
Profit Before Tax 40.43 -7.46 5.04 -9.33 -1321.39
Tax 15.66 -3.45 4.95 -3.46 31.94
Profit After Tax 24.77 -4.01 0.09 -5.88 -1353.33
Adjusted EPS (Rs) 1.62 -0.26 0.01 -0.38 -88.57

Profit & Loss (All Figures in Cr. Adjusted EPS in Rs.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Net Sales 2046.89 2573.15 2498.15 2561.78 3291.81
Total Expenditure 1828.74 2304.04 2255.3 2325.57 3050.39
Operating Profit 218.15 269.11 242.85 236.21 241.42
Other Income 28.77 51.48 73.55 111.42 64.61
Interest 40.15 39.2 45.08 56.11 90.98
Depreciation 101.61 107.52 143.76 154.36 170.35
Exceptional Items 0 0 0 0 0
Profit Before Tax 105.16 173.87 127.56 137.15 44.71
Tax 35.33 54.33 23.69 44.99 18.72
Net Profit 69.83 119.54 103.87 92.16 25.99
Adjusted EPS (Rs.) 5.67 8.87 7.7 6.03 1.7

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity and Liabilities
Share Capital 13.48 13.48 13.48 15.28 15.28
Total Reserves 998.07 1115.28 1123.85 1901.68 1925.71
Borrowings 220.46 156 277.95 377.28 211.1
Other N/C liabilities 36.66 52.09 85.17 123.24 205.6
Current liabilities 691.36 701.59 963.88 909.6 1935.72
Total Liabilities 1960.03 2038.44 2464.33 3327.08 4293.4
Assets
Net Block 800.97 854.27 1021.97 996.12 1115.82
Capital WIP 21.71 50.62 78.59 124.53 54.93
Intangible WIP 0.6 3 29.47 32.65 6.94
Investments 464.72 492.25 454.5 1035.93 1022.96
Loans & Advances 19.22 24.74 21.06 26.49 114.42
Other N/C Assets 17.82 34.19 34.74 55.38 66.42
Current Assets 634.99 579.38 824 1055.98 1911.93
Total Assets 1960.03 2038.44 2464.33 3327.08 4293.4
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Profit from operations 105.16 173.87 127.56 137.15 44.71
Adjustment 129.03 116.7 136.75 118.09 236.34
Changes in Assets & Liabilities -54.28 88.89 115.52 -82.94 165.28
Tax Paid -23.33 -37.67 -24.72 -12.74 -18.67
Operating Cash Flow 156.57 341.79 355.11 159.57 427.66
Investing Cash Flow -96.66 -216.84 -172.7 -662.15 -1208.29
Financing Cash Flow -46.83 -124.67 -56.24 623.55 576.11
Net Cash Flow 13.09 0.28 126.17 120.97 -204.52

Corporate Actions

Investors Details

PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Promoters 75.00 75.00 75.00 75.00 75.00
tarang jain 39.75 39.75 39.75 39.75 39.75
tarang jain, trust... 22.16 22.16 22.16 22.16 22.16
naresh chandra, fa... 6.55 6.55 - - -
suman jain, family... 6.55 6.55 - - -
naresh chandra, tr... - - 6.55 6.55 6.55
suman jain, truste... - - 6.55 6.55 6.55
PARTICULARS Sep 2021% Dec 2021% Mar 2022% Jun 2022% Sep 2022%
Investors 25.00 25.00 25.00 25.00 25.00
nippon life india ... 6.01 7.26 5.74 6.41 5.80
hdfc trustee compa... 4.53 5.08 3.71 4.56 3.71
hdfc trustee compa... - - - - -
icici prudential l... - - 2.86 1.82 3.53
dsp small cap fund 1.51 - - - -
kotak funds - indi... 1.59 1.59 1.65 1.59 1.65
nippon life india ... - - - - -
l&t mutual fund tr... - - - - -
bajaj allianz life... - - - 1.04 -
llp 0.03 0.02 - 0.02 0.08

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Varroc Engineering informs about transcript of conference call18 Nov 2022, 4:57PM Varroc Engineering informs about analyst meet15 Nov 2022, 4:06PM Varroc Engineering informs about audio recording of investors call 15 Nov 2022, 1:08PM Varroc Engineering - Quaterly Results14 Nov 2022, 3:19PM Varroc Engineering - Quaterly Results14 Nov 2022, 3:19PM Varroc Engineering - Quaterly Results14 Nov 2022, 3:19PM Varroc Engineering informs about investor presentation7 Oct 2022, 9:26AM Varroc Engineering informs about analyst meet7 Oct 2022, 9:23AM Varroc Engineering informs about AGM30 Sep 2022, 11:41AM Varroc Engineering - Quaterly Results12 Aug 2022, 3:49PM Varroc Engineering - Quaterly Results12 Aug 2022, 3:49PM Varroc Engineering - Quaterly Results12 Aug 2022, 3:49PM Varroc Engineering informs about analyst meet16 Jul 2022, 3:13PM Varroc Engineering informs about confirmation1 Jul 2022, 5:09PM Varroc Engineering incorporates wholly owned subsidiary company27 Jun 2022, 3:39PM Varroc Engineering informs about interest payment 22 Jun 2022, 4:18PM Varroc Engineering informs about analyst meet6 Jun 2022, 4:41PM Varroc Engineering - Quaterly Results30 May 2022, 4:18PM Varroc Engineering - Quaterly Results30 May 2022, 4:18PM Varroc Engineering - Quaterly Results30 May 2022, 4:18PM Varroc Engineering informs about analyst meet23 May 2022, 12:56PM Varroc Engineering informs about analyst meet2 May 2022, 2:48PM Varroc Engineering informs about press release29 Apr 2022, 9:43AM Varroc Engineering informs about disclosure29 Apr 2022, 9:42AM Varroc Engineering signs securities purchase agreement with Plastic Omnium of France29 Apr 2022, 9:21AM Varroc Engineering informs about PCS certificate11 Apr 2022, 4:49PM Varroc Engineering informs about clarification11 Apr 2022, 3:20PM Varroc Engineering informs about press release15 Feb 2022, 5:20PM Varroc Engineering - Quaterly Results14 Feb 2022, 3:28PM Varroc Engineering - Quaterly Results14 Feb 2022, 3:28PM Varroc Engineering - Quaterly Results14 Feb 2022, 3:28PM Varroc Engineering informs about details of interest payment23 Dec 2021, 4:36PM Varroc Engineering informs about analyst meet2 Dec 2021, 4:48PM Varroc Engineering raises funds through NCDs17 Sep 2021, 5:10PM Varroc Engineering informs about analyst meet9 Aug 2021, 10:29AM Varroc Engineering informs about newspaper publication31 Jul 2021, 11:16AM Varroc Engineering informs about secretarial compliance report19 Jun 2021, 11:14AM Varroc Engineering signs MoU with Candera GmbH9 Jun 2021, 12:26PM Varroc Engineering informs about press release9 Jun 2021, 12:00PM Varroc Engineering informs about newspaper advertisement7 Jun 2021, 9:59AM Varroc Engineering informs about press release18 Mar 2021, 3:14PM Varroc Engineering enters into cooperation agreement with Delta-Q18 Mar 2021, 2:44PM Varroc Engineering informs about analyst meet19 Feb 2021, 12:25PM Varroc Engineering informs about newspaper advertisement14 Jan 2021, 3:26PM Varroc Engineering informs about closure of trading window 26 Dec 2020, 12:23PM Varroc Engineering’s arm acquires balance 30% stake in Varroc Elba 10 Dec 2020, 9:16AM

Varroc Engineering Stock Price Analysis and Quick Research Report. Is Varroc Engineering an attractive stock to invest in?

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The Indian Auto Industry comes in the top 5 largest auto industries of the world. India is also a prominent auto exporter and has strong export growth expectations for the near future. The support from the government is providing the auto companies with a boost needed in their development. But will it sustain?
We can look into more details and dig a little deeper into the analysis of the stock of this sector. Let’s look at how Varroc Engineering is performing and if it is the right time to buy the stock of Varroc Engineering with detailed analysis.

  • The mainstream of revenue for Auto Sector is their sales, Varroc Engineering has reported outstanding sales growth of 28.4969657792361 % and in the latest quarter sales was Rs 1088.733 Cr. To judge whether the company’s inventory is being sold or not and the sales picture is true, inventory turnover ratio plays a major role, which is 9.8459444496394 times for Varroc Engineering . It is managing its inventory poorly .
     
  • The company reported Profit loss of -71.8050823549836 % over the year, where the latest year profit is Rs 25.985 Cr compared to the previous year of Rs 92.162 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of the company in the latest quarter is Rs 70.628 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Varroc Engineering has a poor ROE of 1.34708952715006 %. The ROE is an important financial parameter because Auto companies work with high equity investments. Also, they have to take huge debt to incur the research and manufacturing work so their Debt to Equity ratio should be evaluated. Varroc Engineering has a low Debt to Equity ratio of 0.599.
     
  • Varroc Engineering pays a dividend of 0 Rs per share. It tells us that a company likes to share profits with its shareholders. The dividend yield is low at 0 %.
     
  • The share of promoter in the company is high at 75 %, where the pledging is 0 %.
     
  • What the market is willing to pay for the company for its earnings can be determined by PE multiple. Current PE of Varroc Engineering is -3.34575240759671 compared to the 5 year average PE of 69.2542665434187 .
Brief about Varroc Engineering

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