Varroc Engineering Ltd
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
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- Market Cap ₹ 7,868 Cr.
- Current Price ₹ 515
- High / Low ₹ 632 / 280
- Stock P/E 28.4
- Book Value ₹ 35.5
- Dividend Yield 0.00 %
- ROCE 4.58 %
- ROE -5.96 %
- Face Value ₹ 1.00
Pros
- Debtor days have improved from 41.3 to 28.3 days.
Cons
- Stock is trading at 14.5 times its book value
- Company has low interest coverage ratio.
- Company has a low return on equity of 0.60% 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
Sector: Auto Ancillaries Industry: Auto Ancillaries
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,435 | 1,380 | 1,478 | 1,559 | 1,676 | 2,047 | 2,573 | 2,498 | 2,562 | 3,292 | 3,918 | 4,271 | |
1,273 | 1,249 | 1,323 | 1,425 | 1,515 | 1,829 | 2,304 | 2,254 | 2,326 | 3,050 | 3,652 | 3,938 | |
Operating Profit | 162 | 132 | 155 | 134 | 161 | 218 | 269 | 245 | 236 | 241 | 266 | 333 |
OPM % | 11% | 10% | 11% | 9% | 10% | 11% | 10% | 10% | 9% | 7% | 7% | 8% |
15 | 4 | 19 | 16 | 32 | 29 | 51 | 72 | 111 | 65 | -1,279 | 25 | |
Interest | 52 | 47 | 425 | -79 | 47 | 40 | 39 | 45 | 56 | 91 | 170 | 183 |
Depreciation | 56 | 62 | 80 | 82 | 96 | 102 | 108 | 144 | 154 | 170 | 194 | 203 |
Profit before tax | 69 | 26 | -330 | 147 | 50 | 105 | 174 | 128 | 137 | 45 | -1,378 | -29 |
Tax % | 23% | -2% | -3% | 3% | 16% | 34% | 31% | 19% | 33% | 42% | -1% | |
53 | 27 | -339 | 143 | 42 | 70 | 120 | 104 | 92 | 26 | -1,387 | 265 | |
EPS in Rs | 50.18 | 25.82 | -323.87 | 136.33 | 34.11 | 5.67 | 8.87 | 7.70 | 6.03 | 1.70 | -90.77 | 17.35 |
Dividend Payout % | 2% | 3% | -1% | 3% | 10% | 9% | 51% | 39% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 11% |
5 Years: | 14% |
3 Years: | 16% |
TTM: | 10% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | % |
TTM: | 514% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -2% |
3 Years: | 11% |
1 Year: | 78% |
Return on Equity | |
---|---|
10 Years: | 2% |
5 Years: | 4% |
3 Years: | 1% |
Last Year: | -6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 10 | 10 | 10 | 10 | 12 | 12 | 13 | 13 | 15 | 15 | 15 | 15 |
Reserves | 498 | 827 | 284 | 673 | 933 | 998 | 1,115 | 1,124 | 1,902 | 1,926 | 539 | 528 |
Preference Capital | 0 | 30 | 0 | 17 | 2 | 1 | 0 | 0 | 0 | 0 | 0 | |
529 | 445 | 1,070 | 717 | 483 | 477 | 394 | 531 | 526 | 1,181 | 1,746 | 1,467 | |
301 | 372 | 298 | 346 | 331 | 473 | 515 | 796 | 884 | 1,085 | 947 | 1,062 | |
Total Liabilities | 1,339 | 1,654 | 1,663 | 1,747 | 1,759 | 1,960 | 2,038 | 2,464 | 3,327 | 4,208 | 3,248 | 3,072 |
438 | 547 | 727 | 752 | 794 | 801 | 882 | 1,035 | 1,009 | 1,128 | 1,169 | 1,152 | |
CWIP | 258 | 210 | 32 | 45 | 25 | 22 | 54 | 108 | 157 | 62 | 43 | 19 |
Investments | 252 | 504 | 469 | 477 | 465 | 465 | 465 | 441 | 1,023 | 1,023 | 944 | 898 |
391 | 393 | 436 | 474 | 475 | 672 | 638 | 880 | 1,138 | 1,995 | 1,092 | 1,002 | |
Total Assets | 1,339 | 1,654 | 1,663 | 1,747 | 1,759 | 1,960 | 2,038 | 2,464 | 3,327 | 4,208 | 3,248 | 3,072 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
39 | 46 | 151 | 157 | 342 | 355 | 160 | 428 | 213 | |||
-21 | -85 | -81 | -97 | -217 | -173 | -663 | -1,208 | -411 | |||
-21 | 33 | -77 | -47 | -125 | -56 | 624 | 576 | 306 | |||
Net Cash Flow | -2 | -6 | -6 | 13 | 0 | 126 | 121 | -205 | 108 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 52 | 40 | 45 | 54 | 55 | 69 | 43 | 37 | 52 | 44 | 28 |
Inventory Days | 37 | 49 | 55 | 60 | 59 | 55 | 49 | 62 | 68 | 60 | 57 |
Days Payable | 77 | 96 | 80 | 88 | 86 | 96 | 81 | 116 | 123 | 126 | 87 |
Cash Conversion Cycle | 12 | -8 | 20 | 25 | 28 | 28 | 12 | -17 | -3 | -22 | -2 |
Working Capital Days | 31 | 10 | 30 | -1 | 18 | 19 | -7 | -17 | 6 | 99 | -1 |
ROCE % | 7% | 7% | 5% | 7% | 10% | 14% | 11% | 8% | 5% | 5% |
Documents
Announcements
- Submission Of Certificate On Transfer, Transmission Or Name Deletion For Shares Of The Company For The Year Ended On March 31, 2024 - Regulation 40(9) & (10) Of SEBI (LODR) Regulations, 2015 5 Apr
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 5 Apr
- Compliance Certificate For The Period/Financial Year Ended March 31, 2024 3 Apr
- Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 3 Apr
- Compliances-Reg. 54 - Asset Cover details 1 Apr
Annual reports
Concalls
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Brand Reputation
It is the 2nd largest Indian auto component group and a tier-1 manufacturer and supplier to Indian 2-wheeler and 2-wheeler OEMs
It is the 6-largest global exterior automotive lighting manufacturer and one of the top 3 independent exterior lighting players.[1]