Varroc Engineering Ltd
VARROCVarroc Engineering Ltd
VARROC
Price Chart
Scorecard
Performance
LowHasn't fared well - amongst the low performers
Valuation
HighSeems to be overvalued vs the market average
Growth
LowLagging behind the market in financials growth
Profitability
HighShowing good signs of profitability & efficiency
Entry point
AvgThe stock is overpriced but is not in the overbought zone
Red flags
LowNo red flag found
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Key Metrics
| No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
|---|---|---|
| 15.25 | 5.26 | — |
| Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
|---|---|---|
| 38.62 | 6.72 | 0.49% |
Forecast & Ratings
Detailed Forecast from 4 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Varroc Engineering is focused on designing, manufacturing and supplying exterior lighting systems, plastic and polymer components, and electrical and electronics components
Peers
Compare with peersSamvardhana Motherson International Ltd
Bosch Ltd
Schaeffler India Ltd
UNO Minda Ltd
Sona BLW Precision Forgings Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
All values in ₹
Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
All values in ₹
Income
Balance Sheet
Cash Flow
Income Statement
| Financial Year | FY 2016 | FY 2017 | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Total Revenue | 7,979.67 | 9,471.71 | 10,386.47 | 12,158.71 | 11,220.76 | 4,525.24 | 5,878.13 | 6,926.27 | 7,638.47 | 7,711.69 | ||||||||||
Raw Materials | 5,100.44 | 6,071.91 | 6,412.72 | 7,602.34 | 7,019.36 | 2,862.81 | 3,903.48 | 4,445.55 | 4,744.89 | 6,880.21 | ||||||||||
| Power & Fuel Cost | 186.64 | 193.12 | 211.14 | 243.35 | 235.67 | 133.44 | 185.41 | 224.60 | 213.24 | |||||||||||
| Employee Cost | 1,039.93 | 1,203.75 | 1,313.52 | 1,501.49 | 1,637.19 | 509.77 | 619.26 | 717.30 | 809.22 | |||||||||||
| Selling & Administrative Expenses | 440.71 | 454.52 | 568.93 | 639.45 | 536.00 | 172.78 | 263.54 | 277.55 | 323.35 | |||||||||||
| Operating & Other expenses | 570.56 | 793.73 | 891.69 | 991.06 | 882.02 | 1,064.48 | 1,542.05 | 1,507.30 | 723.16 | |||||||||||
EBITDA | 641.39 | 754.68 | 988.47 | 1,181.02 | 910.52 | -218.04 | -635.61 | -246.03 | 824.61 | 831.48 | ||||||||||
| Depreciation/Amortization | 292.25 | 337.08 | 386.47 | 565.64 | 731.86 | 273.79 | 304.55 | 336.74 | 336.82 | 336.47 | ||||||||||
| PBIT | 349.14 | 417.60 | 602.00 | 615.38 | 178.66 | -491.83 | -940.16 | -582.77 | 487.79 | 495.01 | ||||||||||
| Interest & Other Items | -42.65 | 90.40 | 86.17 | 96.85 | 139.17 | 88.94 | 118.35 | 190.30 | 193.86 | 189.41 | ||||||||||
| PBT | 391.79 | 327.20 | 515.83 | 518.53 | 39.49 | -580.77 | -1,058.51 | -773.07 | 293.93 | 305.60 | ||||||||||
| Taxes & Other Items | 21.98 | 14.09 | 65.58 | 93.31 | 39.30 | 51.14 | 51.38 | 46.78 | -232.08 | -220.57 | ||||||||||
| Net Income | 369.81 | 313.11 | 450.25 | 425.22 | 0.19 | -631.91 | -1,109.89 | -819.85 | 526.01 | 526.17 | ||||||||||
| EPS | 38.47 | 28.56 | 36.57 | 32.97 | 0.01 | -43.94 | -72.64 | -53.66 | 34.43 | 34.44 | ||||||||||
| DPS | 0.35 | 0.35 | 0.50 | 4.50 | 3.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | ||||||||||
| Payout ratio | 0.01 | 0.01 | 0.01 | 0.14 | 212.86 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Company Updates
Investor Presentation
Peers & Comparison
Consumer DiscretionaryAuto Parts
Valuation
Technical
Forecast
Compare valuation on Screener| Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
|---|---|---|---|
| Varroc Engineering Ltd | 15.25 | 5.26 | — |
| Samvardhana Motherson International Ltd | 45.61 | 4.39 | 0.44% |
| Bosch Ltd | 41.58 | 8.59 | 1.07% |
| Schaeffler India Ltd | 60.56 | 11.33 | 0.75% |
Price Comparison
Compare VARROC with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Dec 2023
Mar 2024
Jun 2024
Sep 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
In last 3 months, mutual fund holding of the company has almost stayed constant
Top 5 Mutual Funds holding Varroc Engineering Ltd
| Funds (Top 5) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
|---|---|---|---|---|
Motilal Oswal Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.6203% | Percentage of the fund’s portfolio invested in the stock 1.97% | Change in the portfolio weight of the stock over the last 3 months -0.74% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 29/47 (-9) |
HDFC Manufacturing Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.5084% | Percentage of the fund’s portfolio invested in the stock 0.31% | Change in the portfolio weight of the stock over the last 3 months 0.03% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 72/94 (-3) |
HDFC Transportation and Logistics Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 0.3222% | Percentage of the fund’s portfolio invested in the stock 1.88% | Change in the portfolio weight of the stock over the last 3 months -0.33% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 22/38 (-4) |
Compare 3-month MF holding change on Screener
smallcases
Looks like this stock is not in any smallcase yet.
Events
Dividend Trend
No dividend trend available
Dividends
Corp. Actions
Announcements
Legal Orders
Upcoming Dividends
No upcoming dividends are available
Past Dividends
Cash Dividend
Ex DateEx DateFeb 25, 2020
Dividend/Share
₹3.00
Ex DateEx Date
Feb 25, 2020
Cash Dividend
Ex DateEx DateAug 8, 2019
Dividend/Share
₹4.00
Ex DateEx Date
Aug 8, 2019
Varroc Engg. will hold a meeting of the Board of Directors of the Company on 13 November 2024Powered by Capital Market - Live
Varroc Engineering announced the appointment of Dr. Karl-Heinz Glander as the Head of R&D for the Business II. Dr. Glander will play a pivotal role in driving the Company's innovation and technology strategies, reinforcing Varroc's commitment to delivering cutting-edge solutions for the automotive industry. In his new role, Dr. Glander, based out of Germany will oversee the R&D activities for Business II and report to Dhruv Jain, CEO, Varroc Business II. He will be responsible for developing advanced technology such as Advanced Driver Assistance System (ADAS), Driver Monitoring System (DMS) & Driver and Occupant Monitoring System (DOMS), cockpit electronics, video telematics, fleet management systems for the automatic industry etc. His leadership will be key in driving Varroc Business II's R&D strategy, fostering a culture of innovation, and enhancing the company's competitive edge in the global market. Powered by Capital Market - Live
Net profit of Varroc Engineering rose 0.46% to Rs 32.41 crore in the quarter ended June 2024 as against Rs 32.26 crore during the previous quarter ended June 2023. Sales rose 5.16% to Rs 1898.85 crore in the quarter ended June 2024 as against Rs 1805.69 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales1898.851805.69 5 OPM %9.1610.12 - PBDT135.80145.40 -7 PBT55.9965.24 -14 NP32.4132.26 0 Powered by Capital Market - Live
Varroc Engg. will hold a meeting of the Board of Directors of the Company on 7 August 2024.Powered by Capital Market - Live
Varroc Engineering announced that the name of one of its subsidiaries has been changed from 'CarIQ Technologies', to 'Varroc Connect' with effect from 15 July 2024. Powered by Capital Market - Live
Varroc Engineering Q2 Results Review - Inline Performance; Key Focus On Debt Reduction: ICICI Securities
Buy Varroc Engineering; target of Rs 406: ICICI Direct
Varroc Engineering shares climbed 17% today. Here’s why
Varroc Engineering Q1 Results Review - On The Right Direction: Dolat Capital
Varroc Engineering jumps 12% on Q1 profit, debt reduction
Lower than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of -8.88%, vs industry avg of 8.46%
Decreasing Market Share
Over the last 5 years, market share decreased from 5.55% to 2.36%
Lower than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 4.35%, vs industry avg of 10.9%