Varmora Granito Ltd

AI
Varmora Granito Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents
AI

Varmora Granito Ltd

₹ 127 -5.90%
23 Oct - close price
Company website BSE: 544942 NSE: VARMORA
About

Varmora Granito Limited, incorporated in
2003, manufactures and markets ceramic
and vitrified tiles, including Glazed Vitrified
Tiles (GVT), Polished Vitrified Tiles (PVT),
and ceramic tiles.[1]

Key Points

Business Overview[1][2]
Varmora Granito Limited is a tile and surface-solutions company with over 23 years of operating history. Its product portfolio includes glazed vitrified tiles (GVT), technical products, polished vitrified tiles (PVT), ceramic tiles, bathware, and adhesives. The company has increasingly focused on premium and technology-led tile products, particularly GVT and technical products.

Website BSE NSE
  • Market Cap ₹ 2,874 Cr.
  • Current Price ₹ 127
  • High / Low ₹ 164 / 125
  • Stock P/E 36.6
  • Book Value ₹ 50.7
  • Dividend Yield 0.00 %
  • ROCE 10.0 %
  • ROE 7.62 %
  • Face Value ₹ 2.00
Edit ratios

Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 2.51 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 6.10% over last 3 years.
  • Earnings include an other income of Rs.53.2 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Consumer Durables Consumer Durables Ceramics

Part of Nifty IPO BSE IPO

Edit Columns
Loading peers table ...

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Jun 2025 Sep 2025 Mar 2026 Jun 2026 Sep 2026
286 331 405 296 387
271 300 344 269 330
Operating Profit 15 30 61 28 57
OPM % 5% 9% 15% 9% 15%
8 24 17 6 -14
Interest 9 8 8 6 6
Depreciation 22 22 22 8 8
Profit before tax -8 24 48 19 30
Tax % -25% 29% 30% 24% 22%
-6 17 34 15 23
EPS in Rs -0.28 0.84 1.68 0.73 1.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
706 873 1,214 1,284 1,313 1,362
665 810 1,138 1,202 1,183 1,214
Operating Profit 41 62 76 82 130 148
OPM % 6% 7% 6% 6% 10% 11%
2 6 65 38 49 53
Interest 5 4 34 19 35 33
Depreciation 8 9 35 43 101 88
Profit before tax 30 55 71 58 43 80
Tax % 26% 26% 35% 27% 33% 27%
23 41 47 42 29 58
EPS in Rs 1.51 2.74 2.34 2.12 1.43 2.90
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 14%
3 Years: 4%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 21%
3 Years: 8%
TTM: 94%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 8%
3 Years: 6%
Last Year: 8%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 10 10 31 40 40 40 45
Reserves 114 155 615 652 689 759 1,101
68 79 160 333 421 297 292
200 212 261 301 278 273 292
Total Liabilities 392 456 1,067 1,326 1,428 1,370 1,731
56 59 192 588 545 474 460
CWIP 0 1 12 2 10 26 35
Investments 72 73 86 101 101 115 71
263 323 777 635 772 754 1,165
Total Assets 392 456 1,067 1,326 1,428 1,370 1,731

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
66 10 -5 66 45 206
-30 -8 -107 -338 -104 -45
-18 7 308 138 48 -161
Net Cash Flow 17 9 196 -134 -10 0
Free Cash Flow 50 -4 -16 -274 -45 174
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 173% 35% 26% 104% 44% 149%

Ratios

Standalone / View Consolidated

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 100 89 96 84 94 88
Inventory Days 18 22 85 82 170 129
Days Payable 121 113 120 97 130 116
Cash Conversion Cycle -3 -2 61 69 134 102
Working Capital Days 9 15 50 44 51 62
ROCE % 27% 20% 8% 7% 10%

Shareholding Pattern

Numbers in percentages

16 Recently
Sep 2026
47.04%
6.06%
5.18%
41.72%
No. of Shareholders 75,986

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

Annual reports

No data available.

DRHP

Credit ratings

Concalls

  • Oct 2026
    Transcript
    PPT REC