Varroc Engineering Ltd

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

Varroc Engineering Ltd

₹ 507 -0.01%
22 Nov - 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 ₹ 7,741 Cr.
  • Current Price ₹ 507
  • High / Low ₹ 717 / 432
  • Stock P/E 17.9
  • Book Value ₹ 63.8
  • Dividend Yield 0.00 %
  • ROCE 12.5 %
  • ROE 49.1 %
  • Face Value ₹ 1.00
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Pros

  • Company has reduced debt.
  • Company has delivered good profit growth of 24.6% CAGR over last 5 years
  • Debtor days have improved from 30.1 to 18.2 days.

Cons

  • Stock is trading at 7.94 times its book value
  • Company has a low return on equity of 7.95% 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 BSE 400 MidSmallCap Index BSE 250 SmallCap Index Nifty Smallcap 250 BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

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
888 857 881 919 1,094 979 942 1,054 1,111 1,170 1,200 1,136 1,250
812 805 817 865 1,018 897 871 979 1,027 1,061 1,008 1,027 1,104
Operating Profit 76 51 64 54 76 82 71 75 84 108 192 109 146
OPM % 9% 6% 7% 6% 7% 8% 8% 7% 8% 9% 16% 10% 12%
25 14 16 15 -1,312 2 -1 -2 16 5 4 3 3
Interest 17 29 32 34 41 47 48 44 47 43 44 41 40
Depreciation 44 44 43 45 44 49 57 47 50 49 51 45 45
Profit before tax 40 -7 5 -9 -1,321 -12 -35 -19 3 21 100 26 64
Tax % 39% -46% 98% -37% 2% -102% -20% -28% 33% -1,349% 36% 31% 27%
25 -4 0 -6 -1,353 0 -28 -14 2 304 64 18 47
EPS in Rs 1.62 -0.26 0.01 -0.38 -88.58 0.01 -1.82 -0.88 0.14 19.91 4.21 1.16 3.09
Raw PDF

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 Mar 2024 TTM
1,435 1,380 1,478 1,559 1,676 2,047 2,573 2,498 2,562 3,292 3,940 4,535 4,756
1,273 1,249 1,323 1,425 1,515 1,829 2,304 2,254 2,326 3,050 3,652 4,086 4,200
Operating Profit 162 132 155 134 161 218 269 245 236 241 288 449 556
OPM % 11% 10% 11% 9% 10% 11% 10% 10% 9% 7% 7% 10% 12%
15 4 19 16 32 29 51 72 111 65 -1,302 34 15
Interest 52 47 425 -79 47 40 39 45 56 91 170 179 169
Depreciation 56 62 80 82 96 102 108 144 154 170 194 198 191
Profit before tax 69 26 -330 147 50 105 174 128 137 45 -1,378 106 211
Tax % 23% -2% 3% 3% 16% 34% 31% 19% 33% 42% 1% -238%
53 27 -339 143 42 70 120 104 92 26 -1,387 357 433
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 23.37 28.37
Dividend Payout % 2% 3% -1% 3% 10% 9% 51% 39% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 13%
5 Years: 12%
3 Years: 21%
TTM: 16%
Compounded Profit Growth
10 Years: 26%
5 Years: 25%
3 Years: 67%
TTM: 1713%
Stock Price CAGR
10 Years: %
5 Years: 2%
3 Years: 19%
1 Year: -10%
Return on Equity
10 Years: 5%
5 Years: 8%
3 Years: 8%
Last Year: 49%

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 Mar 2024 Sep 2024
Equity Capital 10 10 10 10 12 12 13 13 15 15 15 15 15
Reserves 498 827 284 673 933 998 1,115 1,124 1,902 1,926 539 895 960
529 475 1,070 734 485 478 394 531 526 1,181 1,746 1,396 1,313
301 342 298 330 329 472 515 796 884 1,085 947 924 1,088
Total Liabilities 1,339 1,654 1,663 1,747 1,759 1,960 2,038 2,464 3,327 4,208 3,248 3,231 3,376
438 547 727 752 794 801 882 1,035 1,009 1,128 1,169 1,101 1,066
CWIP 258 210 32 45 25 22 54 108 157 62 43 19 21
Investments 252 504 469 477 465 465 465 441 1,023 1,023 944 959 905
391 393 436 474 475 672 638 880 1,138 1,995 1,092 1,152 1,385
Total Assets 1,339 1,654 1,663 1,747 1,759 1,960 2,038 2,464 3,327 4,208 3,248 3,231 3,376

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 Mar 2024
39 46 151 157 342 355 160 428 229 525
-21 -85 -81 -97 -217 -173 -663 -1,208 -427 -6
-21 33 -77 -47 -125 -56 624 576 306 -609
Net Cash Flow -2 -6 -6 13 0 126 121 -205 108 -90

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 Mar 2024
Debtor Days 52 40 45 54 55 69 43 37 52 44 28 18
Inventory Days 37 49 55 60 59 55 49 62 68 60 57 48
Days Payable 77 96 80 88 86 96 81 116 123 126 87 89
Cash Conversion Cycle 12 -8 20 25 28 28 12 -17 -3 -22 -2 -23
Working Capital Days 31 10 30 -1 18 19 -7 -17 6 99 -1 -7
ROCE % 7% 7% 5% 7% 10% 14% 11% 8% 5% 5% 12%

Shareholding Pattern

Numbers in percentages

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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