Varun Beverages Ltd.

NSE: VBL BSE: 540180 SECTOR: Consumer Food  117k   963   250

995.80
-45.10 (-4.33%)
NSE: Today, 12:34 PM

Price Summary

Today's High

₹ 1046

Today's Low

₹ 993.4

52 Week High

₹ 1084.15

52 Week Low

₹ 524.43

FinStar

Ownership Stable
Ownership strength is slightly missing the benchmark.
ValuationExpensive
The stock is at a premium valuation at this point.
EfficiencyOptimal
The company could improve upon its asset employment.
FinancialsVery Stable
The company possesses stable growth history and manageable debt.
*It is just an analytical rating of the company and not an investment advice.

Company Essentials

Market Cap

64682.15 Cr.

Enterprise Value

67834.74 Cr.

No. of Shares

64.95 Cr.

P/E

61.61

P/B

12.13

Face Value

₹ 10

Div. Yield

0.16 %

Book Value (TTM)

₹  82.06

CASH

24.24 Cr.

DEBT

3176.83 Cr.

Promoter Holding

63.9 %

EPS (TTM)

₹  16.16

Sales Growth

35.26%

ROE

11.64 %

ROCE

11.45%

Profit Growth

116.18 %

* 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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Brands

These are the brands of Varun Beverages Ltd.

Pepsi Mountain Dew Tropicana Mirinda 7up Lipton Ice tea Nimbooz Aquafina Aquavess Gatorade Creambell

Index Presence

The company is present in 20 Indices.

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

Track the companies of Group.

Ratios

Sales Growth

1 Year35.26%
3 Year19.53%
5 Year17.23%

Profit Growth

1 Year116.18%
3 Year13.77%
5 Year40.47%

ROE%

1 Year11.64%
3 Year10.43%
5 Year11.1%

ROCE %

1 Year11.45%
3 Year10.98%
5 Year11.86%

Debt/Equity

0.7222

Price to Cash Flow

74.53

Interest Cover Ratio

5.3495759061058

CFO/PAT (5 Yr. Avg.)

2.24890384548781

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Jun 2022 63.9 0.04
Mar 2022 64.89 0.04
Dec 2021 64.89 0.04
Sep 2021 64.89 0
Jun 2021 65.82 0
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good revenue growth of 19.5288322342982% for the Past 3 years.
  • The company has an efficient Cash Conversion Cycle of 11.9302334186093 days.
  • The company has a good cash flow management; CFO/PAT stands at 2.24890384548781.
  • The company has a high promoter holding of 64.89%.

 Limitations

  • The company is trading at a high PE of 61.61.
  • The company is trading at a high EV/EBITDA of 35.7264.

Quarterly Result (All Figures in Cr.)

PARTICULARS Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
Net Sales 1985.32 1710.56 1100.71 2184.37 4365.83
Total Expenditure 1519.46 1381.4 1035.7 1785.33 3263.02
Operating Profit 465.87 329.17 65 399.05 1102.81
Other Income 9.13 8.35 33.77 20.06 24.25
Interest 43.98 32.53 33.79 43.16 35.37
Depreciation 97.03 99.78 97.94 100.69 124.95
Exceptional Items 0 0 0 0 0
Profit Before Tax 333.99 205.21 -32.96 275.26 966.75
Tax 95.91 59.29 -13.21 79.9 238.41
Profit After Tax 238.08 145.92 -19.75 195.36 728.33
Adjusted EPS (Rs) 3.67 2.25 -0.3 3.01 11.21

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

PARTICULARS Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021
Net Sales 3062.59 3862.28 5615.66 4876.45 6595.74
Total Expenditure 2339.7 2999.7 4410.57 4016.47 5415.34
Operating Profit 722.89 862.57 1205.1 859.98 1180.4
Other Income 47.39 91.64 98.01 71.99 57.64
Interest 192.45 195.7 281.61 249.95 156.69
Depreciation 273.64 295.55 387.2 412.82 399.83
Exceptional Items 0 0 0 -66.53 0
Profit Before Tax 304.19 462.96 634.29 202.68 681.52
Tax 68.6 130.6 185.74 -23.75 192.04
Net Profit 235.6 332.36 448.55 226.43 489.49
Adjusted EPS (Rs.) 3.82 5.39 6.91 3.49 7.54

Balance Sheet (All Figures are in Crores.)

Particulars Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021
Equity and Liabilities
Share Capital 182.59 182.64 288.69 288.69 433.03
Total Reserves 2114.21 2406.3 3578.43 3723.08 3965.59
Borrowings 1606.16 1835.91 2291.71 1954.35 1712.44
Other N/C liabilities 225.6 304.71 437.63 422.84 507.07
Current liabilities 1204.11 1400.69 1847.27 1907.62 2447.49
Total Liabilities 5332.67 6130.25 8443.72 8296.57 9065.62
Assets
Net Block 3278 3321.82 5401.75 5263.41 5011.61
Capital WIP 11.97 339.23 58.58 39.01 477.95
Intangible WIP 0 0 0 0 0
Investments 627.19 774.5 907.78 1352.17 1352.24
Loans & Advances 646.15 745.19 692.21 371.98 451.72
Other N/C Assets 3.77 3.9 4.65 3.54 3.87
Current Assets 765.59 945.61 1378.75 1266.48 1768.22
Total Assets 5332.67 6130.25 8443.72 8296.57 9065.62
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Dec 2017 Dec 2018 Dec 2019 Dec 2020 Dec 2021
Profit from operations 304.19 462.96 634.29 202.68 681.52
Adjustment 442.75 431.88 579.9 666.59 525.17
Changes in Assets & Liabilities -198.67 -93.87 -37.14 -101.98 -240.31
Tax Paid -48.72 -58.93 -110.14 -47.62 -98.52
Operating Cash Flow 499.56 742.05 1066.91 719.67 867.86
Investing Cash Flow -809.45 -704.45 -2229.34 -227.97 -725.33
Financing Cash Flow 326.29 -67.08 1193.01 -487.65 -154.79
Net Cash Flow 16.4 -29.49 30.58 4.05 -12.26

Corporate Actions

Investors Details

PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Promoters 65.82 64.89 64.89 64.89 63.90
rj corp limited 27.69 27.69 27.69 27.69 27.39
ravi kant jaipuria 18.66 18.66 18.66 18.66 17.97
varun jaipuria 16.96 16.04 16.04 16.04 16.04
ravi kant jaipuria... - - - - -
devyani jaipuria 2.43 2.43 2.43 2.43 2.43
vivek gupta 0.07 0.07 0.07 0.07 0.07
PARTICULARS Jun 2021% Sep 2021% Dec 2021% Mar 2022% Jun 2022%
Investors 34.18 35.11 35.11 35.11 36.10
smallcap world fun... - - - - 1.02
government pension... 2.92 2.88 2.88 2.88 2.88
nippon life india ... 2.48 2.71 2.89 2.69 1.50
reliance capital t... - - - - -
nippon life india ... - - - - -
nippon life india ... - - - - -
stichting deposita... 2.19 - - - -
stichting deposita... - 2.14 2.02 1.79 1.51
sundaram mutual fu... - - - - -
nordea 1 - asian s... - - - - -
nordea 1 sicav - e... - 1.69 1.70 1.73 1.11
capital world grow... - - - - 1.64
sundaram mutual fu... - - - - -
sundaram mutual fu... - - - - -
sundaram mutual fu... 1.32 - - - -
sundaram mutual fu... - 1.20 1.14 1.12 1.02
new world fund inc - - - - 1.16
qualified institut... - - - - -
qualified institut... 0.51 - - - -
llp - 0.24 0.24 0.23 0.22

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Varun Beverages to invest 19.20% stake in Utryan Energy Puri 8 Aug 2022, 5:47PM Varun Beverages reports over 2-fold jump in Q2 consolidated net profit2 Aug 2022, 12:37PM Varun Beverages - Quaterly Results1 Aug 2022, 12:18PM Varun Beverages - Quaterly Results1 Aug 2022, 12:18PM Varun Beverages - Quaterly Results1 Aug 2022, 12:18PM Varun Beverages wins ‘Best Bottler in AMESA sector of the year 2021’ award4 Jul 2022, 11:27AM Varun Beverages informs about press release4 Jul 2022, 10:28AM Varun Beverages Informs about investors meet14 Jun 2022, 10:25AM Varun Beverages informs about allotment of bonus equity shares9 Jun 2022, 3:48PM Varun Beverages - Quaterly Results28 Apr 2022, 11:49AM Varun Beverages - Quaterly Results28 Apr 2022, 11:49AM Varun Beverages - Quaterly Results28 Apr 2022, 11:49AM Varun Beverages informs about conference call26 Apr 2022, 11:44AM Varun Beverages informs about analyst meet14 Mar 2022, 5:21PM Varun Beverages informs about press release14 Mar 2022, 10:33AM Varun Beverages informs about grant of stock options under ESOS3 Mar 2022, 4:47PM Varun Beverages - Quaterly Results3 Feb 2022, 11:52AM Varun Beverages - Quaterly Results3 Feb 2022, 11:52AM Varun Beverages - Quaterly Results3 Feb 2022, 11:52AM Varun Beverages incorporates new wholly-owned subsidiary company1 Feb 2022, 12:37PM Varun Beverages incorporates new company ‘Varun Beverages RDC SAS’30 Dec 2021, 9:34AM Varun Beverages informs about analyst meet17 Nov 2021, 12:48PM Varun Beverages informs about press release29 Oct 2021, 4:10PM Varun Beverages informs about outcome of board meeting29 Oct 2021, 3:59PM Varun Beverages informs about presentation on unaudited financial results 29 Oct 2021, 12:41PM Varun Beverages informs about conference call26 Oct 2021, 11:08AM Varun Beverages informs about outcome of board meeting2 Aug 2021, 2:33PM Varun Beverages informs about outcome of board meeting2 Aug 2021, 1:48PM Varun Beverages informs about board meeting26 Jul 2021, 5:30PM Varun Beverages informs about conference call17 Jun 2021, 4:00PM Varun Beverages submits voting results of postal ballot4 Jun 2021, 1:55PM Varun Beverages reports over 2-fold jump in Q1 consolidated net profit4 May 2021, 10:32AM Varun Beverages informs about investor presentation3 May 2021, 12:51PM Varun Beverages informs about press release3 May 2021, 12:50PM Varun Beverages informs about outcome of board meeting3 May 2021, 12:28PM Varun Beverages informs about newspaper publication12 Mar 2021, 11:26AM Varun Beverages submits presentation on audited financial results16 Feb 2021, 1:56PM Varun Beverages informs about outcome of board meeting4 Aug 2020, 1:05PM

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

 

Stock investing requires careful analysis of financial data to find out the company's true net worth. This is generally done by examining the company's profit and loss account, balance sheet and cash flow statement. This can be time-consuming and cumbersome. An easier way to find out about a company's performance is to look at its financial ratios, which can help to make sense of the overwhelming amount of information that can be found in a company's financial statements.

Here are the few indispensable tools that should be a part of every investor’s research process.

  • PE ratio: - Price to Earnings' ratio, which indicates for every rupee of earnings how much an investor is willing to pay for a share. A general rule of thumb is that shares trading at a LOW P/E are undervalued (it depends on other factors too). Varun Beverages has a PE ratio of 62.9748558418096 which is high and comparatively overvalued .

  • Return on Assets (ROA): - Return on Assets measures how effectively a company can earn a return on its investment in assets. In other words, ROA shows how efficiently a company can convert the money used to purchase assets into net income or profits. Varun Beverages has ROA of 5.63853951382058 % which is a bad sign for future performance. (higher values are always desirable)

  • Current ratio: - The current ratio measures a company's ability to pay its short-term liabilities with its short-term assets. A higher current ratio is desirable so that the company could be stable to unexpected bumps in business and economy. Varun Beverages has a Current ratio of 0.722464307267005 .

  • Return on equity: - ROE measures the ability of a firm to generate profits from its shareholders investments in the company. In other words, the return on equity ratio shows how much profit each rupee of common stockholders’ equity generates. Varun Beverages has a ROE of 11.6400575098319 % .(higher is better)

  • Debt to equity ratio: - It is a good metric to check out the capital structure along with its performance. Varun Beverages has a D/E ratio of 0.7222 which means that the company has low proportion of debt in its capital.

  • Inventory turnover ratio: - Inventory Turnover ratio is an activity ratio and is a tool to evaluate the liquidity of a company's inventory. It measures how many times a company has sold and replaced its inventory during a certain period of time. Varun Beverages has an Inventory turnover ratio of 7.81139404995726 which shows that the management is inefficient in relation to its Inventory and working capital management.

  • Sales growth: - Varun Beverages has reported revenue growth of 35.2570137585715 % which is fair in relation to its growth and performance.

  • Operating Margin: - This will tell you about the operational efficiency of the company. The operating margin of Varun Beverages for the current financial year is 17.8964550159785 %.

  • Dividend Yield: - It tells us how much dividend we will receive in relation to the price of the stock. The current year dividend for Varun Beverages is Rs 2.5 and the yield is 0.16 %.

Brief about Varun Beverages

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