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 49.0
  • Book Value ₹
  • Dividend Yield 0.00 %
  • ROCE 9.46 %
  • ROE 8.05 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 6.64% over last 3 years.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Operating Profit
OPM %
Interest
Depreciation
Profit before tax
Tax %
EPS in Rs
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
838 1,056 1,335 1,435 1,446 1,512
746 942 1,219 1,322 1,293 1,341
Operating Profit 92 114 116 113 153 171
OPM % 11% 11% 9% 8% 11% 11%
5 7 67 40 46 51
Interest 15 17 42 29 42 39
Depreciation 28 35 56 62 119 106
Profit before tax 54 69 85 63 38 77
Tax % 26% 27% 35% 29% 18% 28%
40 51 55 45 31 55
EPS in Rs 34.65 47.55 38.25 5.53 1.75 3.08
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 13%
3 Years: 4%
TTM: 5%
Compounded Profit Growth
10 Years: %
5 Years: 12%
3 Years: 7%
TTM: 69%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: 9%
3 Years: 7%
Last Year: 8%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 10 10 13 40 40 40
Reserves 153 201 638 648 692 766
227 246 275 428 521 377
230 291 329 352 332 323
Total Liabilities 621 748 1,256 1,467 1,585 1,506
178 252 382 752 706 617
CWIP 32 5 3 3 10 27
Investments 20 27 29 32 34 53
390 464 842 680 836 808
Total Assets 621 748 1,256 1,467 1,585 1,506

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
115 68 -10 88 63 234
-97 -75 -83 -337 -120 -46
-1 17 290 115 47 -188
Net Cash Flow 18 9 197 -133 -10 -0
Free Cash Flow 20 -4 -23 -258 -40 202
CFO/OP 137% 74% 13% 96% 50% 146%

Ratios

Consolidated / View Standalone

Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 106 93 99 85 96 92
Inventory Days 66 94 138 112 215 156
Days Payable 119 144 175 114 158 138
Cash Conversion Cycle 53 43 62 83 154 110
Working Capital Days 32 22 38 36 40 50
ROCE % 19% 17% 9% 7% 9%

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