Varun Beverages Ltd.

NSE: VBL BSE: 540180 SECTOR: Consumer Food  213k   1k   393

1695.15
+6.15 (0.36%)
NSE: 02 Jun 03:59 PM

Price Summary

Today's High

₹ 1714.3

Today's Low

₹ 1683.7

52 Week High

₹ 1747

52 Week Low

₹ 720.05

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

110109.83 Cr.

Enterprise Value

113534.19 Cr.

No. of Shares

64.96 Cr.

P/E

76.06

P/B

18.7

Face Value

₹ 10

Div. Yield

0.21 %

Book Value (TTM)

₹  90.64

CASH

47.49 Cr.

DEBT

3471.85 Cr.

Promoter Holding

63.9 %

EPS (TTM)

₹  22.29

Sales Growth

60.65%

ROE

25.63 %

ROCE

22.23%

Profit Growth

159.5 %

* 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 28 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 Year60.65%
3 Year23.57%
5 Year28.18%

Profit Growth

1 Year159.5%
3 Year41.48%
5 Year40.07%

ROE%

1 Year25.63%
3 Year14.34%
5 Year14.1%

ROCE %

1 Year22.23%
3 Year13.37%
5 Year13.82%

Debt/Equity

0.6296

Price to Cash Flow

70.64

Interest Cover Ratio

11.7895825727151

CFO/PAT (5 Yr. Avg.)

1.79083425821488

Share Holding Pattern

Promoter Pledging %

Date Promoter % Pledge %
Mar 2023 63.9 0.04
Dec 2022 63.9 0.04
Sep 2022 63.9 0.04
Jun 2022 63.9 0.04
Mar 2022 64.89 0.04
Investors List
* Figures given above are % of equity capital

 Strengths

  • The company has shown a good profit growth of 41.4776823538971% for the Past 3 years.
  • The company has shown a good revenue growth of 23.5692189307946% for the Past 3 years.
  • Company has a healthy Interest coverage ratio of 11.7895825727151.
  • The company has an efficient Cash Conversion Cycle of 10.6765232836353 days.
  • The company has a good cash flow management; CFO/PAT stands at 1.79083425821488.
  • The company has a high promoter holding of 63.9%.

 Limitations

  • The company is trading at a high PE of 76.06.
  • The company is trading at a high EV/EBITDA of 43.9944.

Quarterly Result (All Figures in Cr.)

PARTICULARS Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
Net Sales 2184.37 4365.83 2501.65 1543.98 3221.85
Total Expenditure 1785.33 3263.02 2001.03 1368.32 2549.73
Operating Profit 399.05 1102.81 500.62 175.66 672.13
Other Income 20.06 24.25 25.83 73.62 18.51
Interest 43.16 35.37 32.34 43.4 56.55
Depreciation 100.69 124.95 110.99 146.51 135.62
Exceptional Items 0 0 0 0 0
Profit Before Tax 275.26 966.75 383.12 59.38 498.46
Tax 79.9 238.41 95.46 0.53 125.54
Profit After Tax 195.36 728.33 287.66 58.85 372.92
Adjusted EPS (Rs) 3.01 11.21 4.43 0.91 5.74

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

PARTICULARS Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022
Net Sales 3862.28 5615.66 4876.45 6595.74 10595.83
Total Expenditure 2999.7 4410.57 4016.47 5415.34 8415.83
Operating Profit 862.57 1205.1 859.98 1180.4 2180
Other Income 91.64 98.01 71.99 57.64 143.76
Interest 195.7 281.61 249.95 156.69 156.12
Depreciation 295.55 387.2 412.82 399.83 483.13
Exceptional Items 0 0 -66.53 0 0
Profit Before Tax 462.96 634.29 202.68 681.52 1684.5
Tax 130.6 185.74 -23.75 192.04 414.3
Net Profit 332.36 448.55 226.43 489.49 1270.2
Adjusted EPS (Rs.) 5.39 6.91 3.49 7.54 19.56

Balance Sheet (All Figures are in Crores.)

Particulars Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022
Equity and Liabilities
Share Capital 182.64 288.69 288.69 433.03 649.55
Total Reserves 2406.3 3578.43 3723.08 3965.59 4867.85
Borrowings 1835.91 2291.71 1954.35 1712.44 1653.26
Other N/C liabilities 304.71 437.63 422.84 507.07 629.98
Current liabilities 1400.69 1847.27 1907.62 2447.49 3268.31
Total Liabilities 6130.25 8443.72 8296.57 9065.62 11068.94
Assets
Net Block 3321.82 5401.75 5263.41 5011.61 5751.87
Capital WIP 339.23 58.58 39.01 477.95 539.95
Intangible WIP 0 0 0 0 0
Investments 774.5 907.78 1352.17 1352.24 1354.32
Loans & Advances 745.19 692.21 371.98 451.72 967.3
Other N/C Assets 3.9 4.65 3.54 3.87 3.62
Current Assets 945.61 1378.75 1266.48 1768.22 2451.9
Total Assets 6130.25 8443.72 8296.57 9065.62 11068.94
* Other Non-current Liabilities include Net deferred Liabilities

Cash Flows (All Figures are in Crores.)

PARTICULARS Dec 2018 Dec 2019 Dec 2020 Dec 2021 Dec 2022
Profit from operations 462.96 634.29 202.68 681.52 1684.5
Adjustment 431.88 579.9 666.59 525.17 574.52
Changes in Assets & Liabilities -93.87 -37.14 -101.98 -240.31 -367.39
Tax Paid -58.93 -110.14 -47.62 -98.52 -332.85
Operating Cash Flow 742.05 1066.91 719.67 867.86 1558.79
Investing Cash Flow -704.45 -2229.34 -227.97 -725.33 -1509.31
Financing Cash Flow -67.08 1193.01 -487.65 -154.79 -26.23
Net Cash Flow -29.49 30.58 4.05 -12.26 23.24

Corporate Actions

Investors Details

PARTICULARS Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Promoters 64.89 63.90 63.90 63.90 63.90
rj corp limited 27.69 27.39 27.39 27.39 27.39
ravi kant jaipuria 18.66 17.97 17.97 17.97 17.97
varun jaipuria 16.04 16.04 16.04 16.04 16.04
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 Mar 2022% Jun 2022% Sep 2022% Dec 2022% Mar 2023%
Investors 35.11 36.10 36.10 36.10 36.10
smallcap world fun... - 1.02 1.02 1.02 1.02
government pension... 2.88 2.88 2.97 3.07 2.93
nippon life india ... 2.69 1.50 1.21 - -
nippon life india ... - - - - -
nippon life india ... - - - - -
stichting deposita... - - - - -
stichting deposita... 1.79 1.51 1.52 1.59 1.20
sundaram mutual fu... - - - - -
nordea 1 - asian s... - - - - -
nordea 1 sicav - e... 1.73 1.11 - - -
capital world grow... - 1.64 1.64 1.62 1.38
sundaram mutual fu... - - - - -
new world fund inc - 1.16 1.35 1.19 1.42
sundaram mutual fu... - - - - -
sundaram mutual fu... 1.12 1.02 - - -
qualified institut... - - - - -
qualified institut... - - - - -
llp 0.23 0.22 0.15 0.13 -

Annual Reports

Ratings & Research Reports

Company Presentations

Company News

Varun Beverages submits voting results of postal ballot 3 Jun 2023, 11:52AM Varun Beverages informs about press release1 Jun 2023, 10:44AM Varun Beverages awarded PepsiCo’s International Bottler of Year 20221 Jun 2023, 10:23AM Varun Beverages informs about analyst meet 24 May 2023, 10:48AM Varun Beverages incorporates wholly-owned subsidiary24 May 2023, 10:15AM Varun Beverages reports 62% rise Q1 consolidated net profit2 May 2023, 3:17PM Varun Beverages informs about press release2 May 2023, 3:14PM Varun Beverages informs about outcome of board meeting2 May 2023, 2:38PM Varun Beverages informs about change in directorate2 May 2023, 2:25PM Varun Beverages - Quaterly Results2 May 2023, 11:51AM Varun Beverages - Quaterly Results2 May 2023, 11:51AM Varun Beverages - Quaterly Results2 May 2023, 11:51AM Varun Beverages submits analyst meet intimation27 Apr 2023, 5:04PM Varun Beverages informs about conference call with investors27 Apr 2023, 10:00AM Varun Beverages acquires 9.80% stake in Lone Cypress Ventures14 Mar 2023, 10:29AM Varun Beverages reports over 2-fold jump in Q3 consolidated net profit6 Feb 2023, 3:38PM Varun Beverages - Quaterly Results6 Feb 2023, 11:53AM Varun Beverages - Quaterly Results6 Feb 2023, 11:53AM Varun Beverages - Quaterly Results6 Feb 2023, 11:53AM Varun Beverages informs about analyst meet 2 Dec 2022, 5:16PM Varun Beverages to invest 26% of equity share capital of Clean Max Tav23 Nov 2022, 4:57PM Varun Beverages informs about resignation of director1 Nov 2022, 4:33PM Varun Beverages informs about press release 1 Nov 2022, 3:03PM Varun Beverages reports 53% rise in Q3 consolidated net profit1 Nov 2022, 2:59PM Varun Beverages informs about outcome of board meeting1 Nov 2022, 2:58PM Varun Beverages - Quaterly Results1 Nov 2022, 11:51AM Varun Beverages - Quaterly Results1 Nov 2022, 11:51AM Varun Beverages - Quaterly Results1 Nov 2022, 11:51AM Varun Beverages informs about investors meet12 Sep 2022, 10:51AM 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 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 76.0552574433338 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 12.6171021368235 % 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 0.750203928273546 .

  • 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 25.6266396210111 % .(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 0.6296 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 8.71658497226991 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 60.6464443272645 % 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 20.5741412301543 %.

  • 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 3.5 and the yield is 0.2072 %.

Brief about Varun Beverages

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