Varroc Engineering Ltd

Varroc Engineer Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Varroc Engineering Ltd

₹ 541 -2.25%
12 Jun - close price
varrocgroup.com BSE: 541578 NSE: VARROC
About

Varroc Engineering Ltd was incorporated in 1988, is the flagship company of the Aurangabad-based Varroc Group. Varroc is a global tier-1 automotive component group. It is engaged in the business of manufacturing and supplying automobile components to a wide range of OEMs across the globe[1]

Key Points

History[1]
The Group was initially established as a captive unit for Bajaj Auto Limited's (BAL’s)auto components and gradually diversified by adding new customers and products to its portfolio.

Website BSE NSE
  • Market Cap ₹ 8,263 Cr.
  • Current Price ₹ 541
  • High / Low ₹ 717 / 365
  • Stock P/E 6.42
  • Book Value ₹ 117
  • Dividend Yield 0.00 %
  • ROCE 63.9 %
  • ROE 95.4 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 65.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 47.2%

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend

* 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 Automobile and Auto Components Auto Components Auto Components & Equipments

Part of BSE 500 BSE SmallCap BSE Allcap BSE Consumer Discretionary BSE 250 SmallCap Index

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
881 919 1,094 979 942 1,054 1,111 1,716 1,200 1,136 1,885 1,876 1,913
817 865 1,018 897 871 979 1,027 1,539 1,008 1,027 1,677 1,702 1,417
Operating Profit 64 54 76 82 71 75 84 177 192 109 208 174 497
OPM % 7% 6% 7% 8% 8% 7% 8% 10% 16% 10% 11% 9% 26%
16 15 -1,312 2 -1 -2 16 5 4 3 4 -8 -268
Interest 32 34 41 47 48 44 47 47 44 41 41 40 39
Depreciation 43 45 44 49 57 47 50 70 51 45 63 63 63
Profit before tax 5 -9 -1,321 -12 -35 -19 3 65 100 26 108 63 126
Tax % 98% -37% 2% -102% -20% -28% 33% -488% 36% 31% 26% 28% 16%
0 -6 -1,353 0 -28 -14 2 382 64 18 80 46 106
EPS in Rs 0.01 -0.38 -88.58 0.01 -1.82 -0.88 0.14 24.98 4.21 1.16 5.21 2.98 6.92
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
1,380 1,478 1,559 1,676 2,047 2,573 2,498 2,562 3,292 3,940 4,535 7,369
1,249 1,323 1,425 1,515 1,829 2,304 2,254 2,326 3,050 3,652 4,086 5,527
Operating Profit 132 155 134 161 218 269 245 236 241 288 449 1,842
OPM % 10% 11% 9% 10% 11% 10% 10% 9% 7% 7% 10% 25%
4 19 16 32 29 51 72 111 65 -1,302 34 -1,068
Interest 47 425 -79 47 40 39 45 56 91 170 179 162
Depreciation 62 80 82 96 102 108 144 154 170 194 198 252
Profit before tax 26 -330 147 50 105 174 128 137 45 -1,378 106 360
Tax % -2% 3% 3% 16% 34% 31% 19% 33% 42% 1% -238% 23%
27 -339 143 42 70 120 104 92 26 -1,387 357 276
EPS in Rs 25.82 -323.87 136.33 34.11 5.67 8.87 7.70 6.03 1.70 -90.77 23.37 18.05
Dividend Payout % 3% -1% 3% 10% 9% 51% 39% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 24%
3 Years: 31%
TTM: 62%
Compounded Profit Growth
10 Years: 19%
5 Years: 65%
3 Years: 267%
TTM: 258%
Stock Price CAGR
10 Years: %
5 Years: 27%
3 Years: 18%
1 Year: -19%
Return on Equity
10 Years: 19%
5 Years: 25%
3 Years: 47%
Last Year: 95%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 10 10 10 12 12 13 13 15 15 15 15 15
Reserves 827 284 673 933 998 1,115 1,124 1,902 1,926 539 895 1,772
475 1,070 734 485 478 394 531 526 1,181 1,746 1,396 965
342 298 330 329 472 515 796 884 1,085 947 924 1,660
Total Liabilities 1,654 1,663 1,747 1,759 1,960 2,038 2,464 3,327 4,208 3,248 3,231 4,413
547 727 752 794 801 882 1,035 1,009 1,128 1,169 1,101 1,659
CWIP 210 32 45 25 22 54 108 157 62 43 19 71
Investments 504 469 477 465 465 465 441 1,023 1,023 944 959 852
393 436 474 475 672 638 880 1,138 1,995 1,092 1,152 1,831
Total Assets 1,654 1,663 1,747 1,759 1,960 2,038 2,464 3,327 4,208 3,248 3,231 4,413

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
39 46 151 157 342 355 160 428 229 525 707
-21 -85 -81 -97 -217 -173 -663 -1,208 -427 -6 -231
-21 33 -77 -47 -125 -56 624 576 306 -609 -485
Net Cash Flow -2 -6 -6 13 0 126 121 -205 108 -90 -9

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 40 45 54 55 69 43 37 52 44 28 18 26
Inventory Days 49 55 60 59 55 49 62 68 60 57 48 44
Days Payable 96 80 88 86 96 81 116 123 126 87 89 94
Cash Conversion Cycle -8 20 25 28 28 12 -17 -3 -22 -2 -23 -25
Working Capital Days 10 30 -1 18 19 -7 -17 6 99 -1 -7 -4
ROCE % 7% 7% 5% 7% 10% 14% 11% 8% 5% 5% 12% 64%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
3.28% 3.51% 4.67% 5.04% 5.07% 5.00% 4.57% 4.22% 4.24% 3.80% 3.89% 3.92%
15.07% 14.31% 12.23% 12.02% 12.21% 12.43% 11.44% 12.15% 12.74% 12.65% 12.49% 12.79%
6.65% 7.18% 8.11% 7.94% 7.73% 7.58% 8.99% 8.64% 8.04% 8.54% 8.62% 8.30%
No. of Shareholders 80,83178,87785,62387,12684,43381,78988,08086,73889,54999,50098,41795,594

* 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.

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