Varroc Engineering Ltd

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

Varroc Engineering Ltd

₹ 243 0.60%
29 Mar - 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

Brand Reputation
It is the second-largest Indian auto component group and a leading tier-1 manufacturer and supplier to Indian two-wheeler and three-wheeler OEMs
It is the sixth-largest global exterior automotive lighting manufacturer and one of the top three independent exterior lighting players.[1]
It has a strong client base with some big names like Ford, Jaguar, Bajaj, Honda, and many more. [2]

Website BSE NSE
  • Market Cap ₹ 3,709 Cr.
  • Current Price ₹ 243
  • High / Low ₹ 495 / 239
  • Stock P/E
  • Book Value ₹ 57.1
  • Dividend Yield 0.00 %
  • ROCE -18.2 %
  • ROE -44.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Debtor days have improved from 68.3 to 32.3 days.

Cons

  • Stock is trading at 4.25 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -8.87% over past five years.
  • Company has a low return on equity of -20.5% over last 3 years.
  • Company might be capitalizing the interest cost
  • Working capital days have increased from -3.94 days to 64.7 days

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
2,804 2,745 1,275 2,916 3,493 1,504 1,195 1,509 1,489 1,652 1,628 1,828 1,717
2,542 2,689 1,465 2,673 3,266 1,567 1,347 1,395 1,414 1,799 1,515 1,690 1,582
Operating Profit 262 56 -190 243 226 -63 -152 114 74 -147 114 138 135
OPM % 9% 2% -15% 8% 6% -4% -13% 8% 5% -9% 7% 8% 8%
18 49 61 32 -77 41 8 -288 -255 10 -71 -757 10
Interest 37 35 43 44 38 23 21 25 35 37 38 49 51
Depreciation 194 207 207 227 225 69 69 73 79 84 85 77 82
Profit before tax 49 -137 -380 4 -113 -114 -234 -272 -295 -258 -81 -745 11
Tax % 40% -0% 19% 1,034% -21% -27% 2% -9% -0% -10% -4% -7% -91%
Net Profit 29 -137 -309 -39 -137 -144 -229 -297 -295 -285 -84 -795 22
EPS in Rs 2.13 -10.20 -22.83 -2.97 -10.29 -9.52 -15.07 -19.52 -19.37 -18.67 -5.55 -52.03 1.34
Raw PDF

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 TTM
6,770 7,909 9,299 10,279 12,036 11,122 4,374 5,844 6,825
6,206 7,341 8,716 9,398 10,978 10,306 4,743 6,512 6,586
Operating Profit 564 568 582 881 1,059 816 -369 -668 239
OPM % 8% 7% 6% 9% 9% 7% -8% -11% 4%
229 73 172 108 122 94 151 33 -808
Interest 475 -43 90 86 97 139 89 118 175
Depreciation 254 292 337 386 566 732 274 305 328
Profit before tax 63 392 327 516 519 39 -581 -1,059 -1,073
Tax % 73% 6% 4% 13% 17% 94% -8% -5%
Net Profit 17 370 313 451 429 3 -629 -1,107 -1,142
EPS in Rs 16.06 353.36 254.29 36.57 31.54 0.01 -41.36 -72.64 -74.91
Dividend Payout % 16% 1% 13% 1% 14% 21,284% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: -9%
3 Years: -21%
TTM: 20%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 29%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 20%
1 Year: -28%
Return on Equity
10 Years: %
5 Years: -6%
3 Years: -21%
Last Year: -44%

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 Sep 2022
10 26 13 13 13 13 15 15 15
Reserves 1,073 1,737 2,172 2,815 3,053 2,991 3,013 1,973 858
1,651 1,600 1,508 1,193 2,432 4,255 3,695 1,625 1,825
1,695 1,886 2,156 2,782 3,142 3,644 4,369 7,375 8,558
Total Liabilities 4,428 5,233 5,847 6,802 8,641 10,904 11,092 10,989 11,256
2,054 2,390 2,396 2,804 3,560 5,283 5,231 2,046 1,980
CWIP 178 315 293 344 999 790 856 140 84
Investments 22 12 293 360 362 330 376 388 365
2,174 2,515 2,867 3,294 3,720 4,500 4,629 8,416 8,827
Total Assets 4,428 5,233 5,847 6,802 8,641 10,904 11,092 10,989 11,256

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
128 290 676 1,075 474 1,414 474 636
-286 -575 -577 -545 -1,769 -1,259 -613 -762
70 386 94 -523 1,129 733 -152 -335
Net Cash Flow -87 101 193 6 -166 888 -292 -461

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 58 55 45 50 41 36 137 32
Inventory Days 51 49 46 49 43 56 164 58
Days Payable 90 92 94 114 99 124 396 127
Cash Conversion Cycle 19 12 -3 -15 -15 -32 -95 -36
Working Capital Days 22 21 7 -4 -13 -38 -38 65
ROCE % 11% 12% 16% 13% 3% -7% -18%

Shareholding Pattern

Numbers in percentages

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
85.00 85.00 85.00 85.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00 75.00
2.66 0.27 0.66 2.31 5.21 4.91 4.00 3.48 3.92 3.28 3.51 4.67
9.41 7.91 7.65 6.07 14.69 14.31 13.82 14.18 14.92 15.07 14.31 12.23
2.93 6.82 6.69 6.62 5.10 5.78 7.18 7.34 6.16 6.65 7.18 8.11

* 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

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