Varmora Granito Ltd

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

₹ 134 -3.83%
01 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 ₹ 3,035 Cr.
  • Current Price ₹ 134
  • High / Low ₹ 164 / 132
  • Stock P/E 52.1
  • Book Value ₹
  • Dividend Yield 0.00 %
  • ROCE 10.0 %
  • ROE 7.62 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • 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 BSE IPO

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
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 22.65 41.14 35.00 5.30 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
Equity Capital 10 10 31 40 40 40
Reserves 114 155 615 652 689 759
68 79 160 333 421 297
200 212 261 301 278 273
Total Liabilities 392 456 1,067 1,326 1,428 1,370
56 59 192 588 545 474
CWIP 0 1 12 2 10 26
Investments 72 73 86 101 101 115
263 323 777 635 772 754
Total Assets 392 456 1,067 1,326 1,428 1,370

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/OP 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%
4.68%
5.76%
42.52%
No. of Shareholders 1,38,169

* 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