Varroc Engineering Ltd

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

Varroc Engineering Ltd

₹ 599 2.11%
13 Dec - 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 ₹ 9,149 Cr.
  • Current Price ₹ 599
  • High / Low ₹ 717 / 432
  • Stock P/E 17.3
  • Book Value ₹ 105
  • Dividend Yield 0.00 %
  • ROCE 17.5 %
  • ROE 41.9 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.

Cons

  • Stock is trading at 5.69 times its book value
  • Company has a low return on equity of -27.1% 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

Part of Nifty 500 Multicap 50:25:25 BSE 250 SmallCap Index BSE Allcap BSE 400 MidSmallCap Index BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,509 1,489 1,652 1,628 1,834 1,723 1,699 1,806 1,887 1,885 1,975 1,899 2,081
1,395 1,414 1,547 1,515 1,690 1,582 1,534 1,623 1,693 1,709 1,754 1,725 1,873
Operating Profit 114 74 105 114 144 141 165 183 194 176 221 174 208
OPM % 8% 5% 6% 7% 8% 8% 10% 10% 10% 9% 11% 9% 10%
-288 -255 -243 -71 -763 4 21 -9 15 34 12 6 7
Interest 25 35 37 38 49 51 53 49 50 50 45 44 43
Depreciation 73 79 84 85 77 82 92 80 85 89 82 80 82
Profit before tax -272 -295 -258 -81 -745 11 41 44 74 71 105 56 91
Tax % 9% 0% 10% 4% 7% -91% 3% 23% 25% -443% 44% 39% 36%
-297 -295 -285 -84 -795 22 40 34 56 384 58 34 58
EPS in Rs -19.52 -19.37 -18.67 -5.55 -52.03 1.34 2.59 2.11 3.55 25.05 3.72 2.12 3.64
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
6,770 7,909 9,299 10,279 12,036 11,122 4,374 5,844 6,891 7,552 7,839
6,206 7,341 8,716 9,398 10,978 10,306 4,036 5,484 6,316 6,793 7,060
Operating Profit 564 568 582 881 1,059 816 338 360 575 759 779
OPM % 8% 7% 6% 9% 9% 7% 8% 6% 8% 10% 10%
229 73 172 108 122 94 -556 -996 -821 66 59
Interest 475 -43 90 86 97 139 89 118 190 194 182
Depreciation 254 292 337 386 566 732 274 305 337 337 333
Profit before tax 63 392 327 516 519 39 -581 -1,059 -773 294 323
Tax % 73% 6% 4% 13% 17% 94% 8% 5% 6% -81%
17 370 313 451 429 3 -629 -1,107 -817 532 534
EPS in Rs 16.06 353.36 254.29 36.57 31.54 0.01 -41.36 -72.64 -53.66 34.43 34.53
Dividend Payout % 16% 1% 13% 1% 14% 21,284% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -9%
3 Years: 20%
TTM: 10%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: 41%
TTM: 217%
Stock Price CAGR
10 Years: %
5 Years: 8%
3 Years: 22%
1 Year: 13%
Return on Equity
10 Years: %
5 Years: -18%
3 Years: -27%
Last Year: 42%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 10 10 11 12 13 13 15 15 15 15 15
Reserves 1,073 1,737 2,172 2,815 3,053 2,991 3,013 1,973 961 1,482 1,592
1,651 1,617 1,510 1,194 2,432 4,255 3,695 1,625 1,806 1,390 1,204
1,695 1,869 2,154 2,780 3,142 3,644 4,369 7,375 1,832 1,643 1,917
Total Liabilities 4,428 5,233 5,847 6,802 8,641 10,904 11,092 10,989 4,614 4,530 4,729
2,054 2,390 2,396 2,804 3,560 5,283 5,231 2,046 2,051 2,027 1,995
CWIP 178 315 293 344 999 790 856 140 135 80 61
Investments 22 12 293 360 362 330 376 388 421 530 504
2,174 2,515 2,867 3,294 3,720 4,500 4,629 8,416 2,007 1,893 2,169
Total Assets 4,428 5,233 5,847 6,802 8,641 10,904 11,092 10,989 4,614 4,530 4,729

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
128 290 676 1,075 474 1,414 474 636 686 638
-286 -575 -577 -545 -1,769 -1,259 -613 -762 -448 -166
70 386 94 -523 1,129 733 -152 -335 -216 -664
Net Cash Flow -87 101 193 6 -166 888 -292 -461 22 -192

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 58 55 45 50 41 36 137 32 32 24
Inventory Days 51 49 46 49 43 56 164 58 55 52
Days Payable 90 92 94 114 99 124 396 127 99 94
Cash Conversion Cycle 19 12 -3 -15 -15 -32 -95 -36 -12 -19
Working Capital Days 22 21 7 -4 -13 -38 -38 65 -11 -5
ROCE % 11% 12% 16% 13% 3% 3% 2% 8% 17%

Shareholding Pattern

Numbers in percentages

2 Recently
Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00% 75.00%
3.48% 3.92% 3.28% 3.51% 4.67% 5.04% 5.07% 5.00% 4.57% 4.22% 4.24% 3.80%
14.18% 14.92% 15.07% 14.31% 12.23% 12.02% 12.21% 12.43% 11.44% 12.15% 12.74% 12.65%
7.34% 6.16% 6.65% 7.18% 8.11% 7.94% 7.73% 7.58% 8.99% 8.64% 8.04% 8.54%
No. of Shareholders 68,09068,08280,83178,87785,62387,12684,43381,78988,08086,73889,54999,500

* 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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