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Varroc Engineering share price

Varroc Engineering Ltd.

NSE: VARROC BSE: 541578 SECTOR: Auto Ancillary  98k   157   26

508.00
+7.95 (1.59%)
NSE: 14 Nov 4:00 PM

Price Summary

Today's High

₹ 516.95

Today's Low

₹ 500.3

52 Week High

₹ 716.9

52 Week Low

₹ 433

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.
FinancialsAverage
The company could improve upon its asset employment.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

7761.55 Cr.

Enterprise Value

8948.53 Cr.

No. of Shares

15.28 Cr.

P/E

17.91

P/B

7.96

Face Value

₹ 1

Div. Yield

0 %

Book Value (TTM)

₹  63.83

CASH

59.97 Cr.

DEBT

1246.95 Cr.

Promoter Holding

75 %

EPS (TTM)

₹  28.36

Sales Growth

15.09%

ROE

48.75 %

ROCE

13.07%

Profit Growth

125.75 %

* 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 Year15.09%
3 Year20.97%
5 Year12%

Profit Growth

1 Year125.75%
3 Year57.06%
5 Year24.47%

ROE%

1 Year48.75%
3 Year-20.35%
5 Year-9.17%

ROCE %

1 Year13.07%
3 Year-9.19%
5 Year-1.43%

Debt/Equity

1.3696

Price to Cash Flow

14.78

Interest Cover Ratio

1.5898

CFO/PAT (5 Yr. Avg.)

0

Shareholding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Sep 2024 75.00 0.00
Jun 2024 75.00 0.00
Mar 2024 75.00 0.00
Dec 2023 75.00 0.00
Sep 2023 75.00 0.00
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 57.0601259236381% for the Past 3 years.
  • The company has shown a good revenue growth of 20.9696967688183% for the Past 3 years.
  • Company’s PEG ratio is 0.142458902846954.
  • The company has an efficient Cash Conversion Cycle of -29.164 days.
  • The company has a high promoter holding of 75%.

 Limitations

  • Company has a poor ROE of -20.3503368242833% over the past 3 years.
  • Company has a poor ROCE of -9.1855902680756% over the past 3 years
  • Tax rate is low at -237.9172.

Quarterly Result (All Figures in Cr.)

PARTICULARS Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
Net Sales 1110.81 1169.52 1200.45 1136.13 1249.78
Total Expenditure 1033.12 1061.97 1010.5 1028.73 1106.83
Operating Profit 77.69 107.55 189.94 107.4 142.95
Other Income 22.59 6.19 5.85 4.46 6.5
Interest 47.28 43.26 44.15 41.13 40.35
Depreciation 49.83 49.48 51.36 45.03 44.79
Exceptional Items 0 0 0 0 0
Profit Before Tax 3.17 20.99 100.28 25.69 64.31
Tax 1.06 -283.21 36.01 8.03 17.16
Profit After Tax 2.11 304.2 64.27 17.65 47.14
Adjusted EPS (Rs) 0.14 19.91 4.21 1.16 3.09

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

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Net Sales 2498.15 2561.78 3291.81 3940.2 4534.96
Total Expenditure 2255.3 2325.57 3050.39 3651.9 4085.76
Operating Profit 242.85 236.21 241.42 288.3 449.2
Other Income 73.55 111.42 64.61 30.7 38.28
Interest 45.08 56.11 90.98 170.1 179.15
Depreciation 143.76 154.36 170.35 194.45 198.16
Exceptional Items 0 0 0 -1332.19 -4.5
Profit Before Tax 127.56 137.15 44.71 -1377.74 105.67
Tax 23.69 44.99 18.72 9.05 -251.4
Net Profit 103.87 92.16 25.99 -1386.79 357.07
Adjusted EPS (Rs.) 7.7 6.03 1.7 -90.76 23.37

Balance Sheet (All Figures are in Crores.)

Particulars Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity and Liabilities
Share Capital 13.48 15.28 15.28 15.28 15.28
Total Reserves 1123.85 1901.68 1925.71 539.1 895.18
Borrowings 277.95 377.28 211.1 147.38 543.97
Other N/C liabilities 85.17 183.1 119.78 196.32 -31.33
Current liabilities 963.88 927.69 1935.72 2349.53 1616.29
Total Liabilities 2464.33 3405.03 4207.59 3247.6 3039.38
Assets
Net Block 1021.97 996.12 1115.82 1157.05 1089.71
Capital WIP 78.59 124.53 54.93 37.48 18.06
Intangible WIP 29.47 32.65 6.94 5.64 1.02
Investments 440.98 1022.96 1022.96 913.93 893.87
Loans & Advances 42.76 91.76 28.71 53.49 37.2
Other N/C Assets 26.55 62.93 66.32 62.76 58.96
Current Assets 824 1074.08 1911.93 1017.24 940.57
Total Assets 2464.33 3405.03 4207.59 3247.6 3039.38
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Profit from operations 127.56 137.15 44.71 -45.55 110.17
Adjustment 136.75 118.09 236.34 395.97 346.41
Changes in Assets & Liabilities 115.52 -82.24 165.28 -100.52 77.64
Tax Paid -24.72 -12.74 -18.67 -20.6 -8.91
Operating Cash Flow 355.11 160.27 427.66 229.31 525.3
Investing Cash Flow -172.7 -662.84 -1208.29 -427.34 -6.28
Financing Cash Flow -56.24 623.55 576.11 305.57 -608.95
Net Cash Flow 126.17 120.97 -204.52 107.53 -89.92

Corporate Actions

Investors Details

PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
promoters 75.00 75.00 75.00 75.00 75.00
naresh chandra - - 6.55 6.55 6.55
suman jain - - 6.55 6.55 6.55
tarang jain 39.75 39.75 61.91 61.91 61.91
naresh chandra, trustee o... 6.55 6.55 - - -
suman jain, trustee of su... 6.55 6.55 - - -
tarang jain, trustee of t... 22.16 22.16 - - -
PARTICULARS Sep 2023% Dec 2023% Mar 2024% Jun 2024% Sep 2024%
investors 25.00 25.00 25.00 25.00 25.00
government pension fund g... 1.65 1.38 1.34 1.31 1.60
hdfc trustee company limi... 3.49 2.87 2.88 3.22 3.38
llp 0.03 0.04 0.03 0.04 0.03
nippon life india trustee... 4.79 4.62 4.63 4.56 4.41
kotak funds - india midca... 1.65 1.45 1.23 1.21 -
hsbc aggressive hybrid fu... 1.16 - - - -

Ratings & Research Reports

Company Presentations

Company News

Varroc Engineering informs about newspaper publication 14 Nov, 5:25 PM Varroc Engineering informs about resignation of director 13 Nov, 5:51 PM Varroc Engineering reports 4% rise in Q2 consolidated net profit 13 Nov, 3:14 PM Varroc Engineering - Quaterly Results 13 Nov, 2:44 PM Varroc Engineering - Quaterly Results 13 Nov, 2:44 PM Varroc Engineering - Quaterly Results 13 Nov, 2:44 PM Varroc Engineering informs about board meeting 5 Nov, 5:03 PM Varroc Engineering informs about outcome of board meeting 16 Aug, 12:31 PM Varroc Engineering informs about newspaper advertisements 14 Aug, 2:15 PM Varroc Engineering informs about transcript of investors call 12 Aug, 3:31 PM Varroc Engineering - Quaterly Results 7 Aug, 2:10 PM Varroc Engineering - Quaterly Results 7 Aug, 2:10 PM Varroc Engineering - Quaterly Results 7 Aug, 2:10 PM Varroc Engineering informs about board meeting 31 Jul, 5:18 PM Varroc Engineering informs about change in name of subsidiary company 16 Jul, 10:52 AM Varroc Engineering informs about credit ratings 2 Jul, 11:06 AM Varroc Engineering informs about updates 1 Jul, 12:36 PM Varroc Engineering informs about updates 7 Jun, 3:48 PM Varroc Engineering informs about investors meet 7 Jun, 10:47 AM Varroc Engineering informs about press release 18 May, 12:28 PM Varroc Engineering - Quaterly Results 17 May, 3:26 PM Varroc Engineering - Quaterly Results 17 May, 3:26 PM Varroc Engineering - Quaterly Results 17 May, 3:26 PM Varroc Engineering informs about confirmation certificate 5 Apr, 5:27 PM Varroc Engineering informs about updates 1 Apr, 2:50 PM Varroc Engineering informs about closure of trading window 26 Mar, 10:58 AM Varroc Engineering informs about conference call 8 Mar, 10:08 AM Varroc Engineering - Quaterly Results 7 Feb, 2:36 PM Varroc Engineering - Quaterly Results 7 Feb, 2:36 PM Varroc Engineering - Quaterly Results 7 Feb, 2:36 PM Varroc Engineering informs about newspaper advertisement 8 Nov, 2:35 PM Varroc Engineering - Quaterly Results 7 Nov, 2:53 PM Varroc Engineering - Quaterly Results 7 Nov, 2:53 PM Varroc Engineering - Quaterly Results 7 Nov, 2:53 PM Varroc Engineering’s arm inks pact with AMP Energy C&I Six, AMP Energy C&I Five 4 Oct, 10:54 AM Varroc Engineering informs about analyst meet 15 Sep, 5:16 PM Varroc Engineering raises Rs 250 crore through NCDs 7 Sep, 6:22 PM Varroc Engineering to establish Renewable Power Plants in Maharashtra 7 Sep, 10:30 AM Varroc Engineering informs about analyst meet 1 Sep, 10:55 AM Varroc Engineering - Quaterly Results 9 Aug, 3:30 PM Varroc Engineering - Quaterly Results 9 Aug, 3:30 PM Varroc Engineering - Quaterly Results 9 Aug, 3:30 PM Varroc Engineering informs about conference call 1 Aug, 10:39 AM Varroc Engineering informs about board meeting 1 Aug, 10:38 AM Varroc Engineering informs about details of interest payment 22 Jun, 12:26 PM Varroc Engineering informs about analyst meet 2 Jun, 12:46 PM Varroc Engineering informs about outcome of analyst meet 24 May, 4:38 PM Varroc Engineering informs about disclosure of related party transactions 23 May, 5:01 PM Varroc Engineering - Quaterly Results 23 May, 2:43 PM Varroc Engineering - Quaterly Results 23 May, 2:43 PM

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 decent sales growth of 15.0949 % and in the latest quarter sales was Rs 1249.78 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 11.4195 times for Varroc Engineering . It is managing its inventory poorly .
     
  • Varroc Engineering reported Profit growth of 125.7477 % over the year, where the latest year profit is Rs 357.067 Cr compared to the previous year of Rs -1386.794 Cr. The new permits by governments and increasing demand will lead to an increase in profits in the coming year.
     
  • The operating profit of Varroc Engineering in the latest quarter is Rs 142.95 Cr. It helps in measuring the company’s operating performance which is used to make financing decisions.
     
  • Varroc Engineering has a healthy ROE of 48.7518 %. 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 1.3696.
     
  • Varroc Engineering pays a dividend of 0 Rs per share. It tells us that a company dislikes to share profits with its shareholders. The dividend yield is low at 0 %.
     
  • The share of promoter in Varroc Engineering 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 17.913879377528 compared to the 5 year average PE of 60.4500286591408 .
     
  • Share Price: - The current share price of Varroc Engineering is Rs 508. One can use valuation calculators of ticker to know if Varroc Engineering share price is undervalued or overvalued.
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Brief about Varroc Engineering

Varroc Engineering Ltd. Financials: Check Share Price, Balance Sheet, Annual Report, Quarterly Results, Shareholding, Company Profile and News for Company Analysis

Varroc Engineering Ltd. is a leading global automotive component manufacturer based in India. The company specializes in the design and manufacture of a wide range of products, including lighting systems, electrical and electronics systems, and precision metallic components for various automotive applications. With a strong presence in both domestic and international markets, Varroc Engineering has established itself as a trusted partner to major automobile manufacturers.

Varroc Engineering Ltd. - Share Price

Stay updated with the latest share price of Varroc Engineering Ltd. Our website provides real-time stock price information, allowing investors to monitor the performance of the company's shares. By tracking the share price, investors can make informed decisions and identify potential investment opportunities.

Varroc Engineering Ltd. - Balance Sheet

Gain insights into the financial health of Varroc Engineering Ltd. through a comprehensive analysis of its balance sheet. Our website offers a pre-built screening tool that enables investors to assess key financial metrics such as assets, liabilities, and equity. By examining the balance sheet, investors can evaluate the company's liquidity, solvency, and overall financial stability.

Varroc Engineering Ltd. - Annual Report

Access the annual reports of Varroc Engineering Ltd. on our website. These reports provide a detailed overview of the company's performance, strategy, and future outlook. Investors can download these reports to understand the company's business model, risks, and opportunities. Our premium features, such as fair value calculation tools, including DCF Analysis, BVPS Analysis, Earnings multiple approach, and DuPont analysis, further enhance the analysis of the annual report.

Varroc Engineering Ltd. - Dividend

Learn about Varroc Engineering Ltd.'s dividend policy and track the company's dividend history. Our platform provides dividend-related information, enabling investors to evaluate the company's dividend payout and dividend yield. Dividends play a significant role in generating income for long-term investors, and monitoring the dividend performance of Varroc Engineering can help investors assess the company's financial stability and commitment to shareholder returns.

Varroc Engineering Ltd. - Quarterly Result

Stay updated on Varroc Engineering Ltd.'s quarterly results through our website. Our platform provides comprehensive coverage of the company's financial performance, including revenue, earnings, and key financial ratios. By analyzing the quarterly results, investors can gain insights into the company's operational efficiency, growth trajectory, and overall financial performance. Our premium features offer tools for fair value calculation to enhance the evaluation of quarterly results.

Varroc Engineering Ltd. - Stock Price

Track the historical stock price movements of Varroc Engineering Ltd. Our website provides a price chart that allows investors to visualize the stock's performance over time. Analyzing stock price trends can provide investors with valuable insights into market sentiment, investor sentiment, and overall stock market conditions.

Varroc Engineering Ltd. - Price Chart

Our website offers a user-friendly price chart displaying the historical stock price movements of Varroc Engineering Ltd. Investors can easily navigate through the chart and customize the time frame to evaluate the stock's price trends. The price chart helps investors identify patterns, trends, and potential buying or selling opportunities.

Varroc Engineering Ltd. - News

Stay informed of the latest news and developments related to Varroc Engineering Ltd. Our website features a news section that aggregates news articles, press releases, and announcements pertaining to the company. By keeping up with the news, investors can stay abreast of market trends, industry developments, and company-specific updates.

Varroc Engineering Ltd. - Concall Transcripts

Access the conference call transcripts of Varroc Engineering Ltd. on our website. These transcripts provide a detailed account of management's discussions and insights on the company's performance, strategy, and future plans. Investors can download the transcripts to gain a deeper understanding of the company's operations, challenges, and growth opportunities.

Varroc Engineering Ltd. - Investor Presentations

Investor presentations are valuable tools for understanding the company's business model, competitive positioning, and growth strategy. Our website offers downloadable investor presentations from Varroc Engineering Ltd., providing investors with essential information to make informed investment decisions. These presentations offer insights into the company's market outlook, industry trends, and financial performance.

Varroc Engineering Ltd. - Promoters

Varroc Engineering Ltd. has a strong promoter group that plays a crucial role in guiding the company's strategic direction and operations. The promoters have a vested interest in the success of the company and often have a long-term vision for the business. Understanding the promoters' background, experience, and shareholding can provide investors with insights into the company's stability and growth potential.

Varroc Engineering Ltd. - Shareholders

Learn about Varroc Engineering Ltd.'s major shareholders and their respective shareholdings. Our website provides information on institutional investors, mutual funds, and other significant shareholders. Monitoring the shareholding pattern can shed light on investor sentiment, the level of institutional interest in the company, and potential market dynamics.

By providing comprehensive access to company information, financial reports, stock price analysis, and exclusive screening tools, our website empowers long-term stock investors to make informed investment decisions. From balance sheet analysis to tracking quarterly results and staying updated with the latest news, our platform equips investors with the necessary tools to analyze Varroc Engineering Ltd. and optimize their investment strategies.

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