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Varroc Engineering Ltd

(VARROC)

₹540.051.68%

as on 04:01PM, 12 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Varroc Engineering Ltd Analyst Rating

based on 4 analysts

HOLD

50.00%

Buy

0.00%

Hold

50.00%

Sell

Based on 4 analysts offering long term price targets for Varroc Engineering Ltd. An average target of ₹620

Source: S&P Global Market Intelligence

Varroc Engineering Ltd Share analysis

Varroc Engineering Ltd price forecast by 4 analysts

Upside of16.73%

High

₹800

Target

₹620.00

Low

₹500

Varroc Engineering Ltd target price ₹620, a slight upside of 16.73% compared to current price of ₹540.05. According to 4 analysts rating.

Source: S&P Global Market Intelligence

Varroc Engineering Ltd Performance

  • Day's Low

    Day's High

    ₹526.4
    ₹550.8
  • 52 Week's Low

    52 Week's High

    ₹433
    ₹716.9
1 Month Return-7.78 %
3 Month Return-3.24 %
1 Year Return+ 12.26 %
Previous Close₹531.15
Open₹531.00
Volume2.21L
Upper Circuit-
Lower Circuit-
Market Cap₹8,115.25Cr

Varroc Engineering Ltd Key Statistics

P/E Ratio15.42
PEG Ratio0.19
Market Cap₹8,115.25 Cr
P/B Ratio8.41
EPS34.82
Dividend Yield0
SectorAuto Ancillaries
ROE34.53

Varroc Engineering Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
HOLD₹8,115.25 Cr3.61%0.80₹532 Cr₹7,551 Cr
NA₹18,318.25 Cr324.64%0.78₹193 Cr₹5,009 Cr
BUY₹18,015.92 Cr46.05%0.52₹1,125 Cr₹9,280 Cr
NA₹16,800.64 Cr50.9%0.72₹325 Cr₹4,340 Cr
BUY₹6,968.65 Cr38.39%0.59₹167 Cr₹2,895 Cr

About Varroc Engineering Ltd

Varroc Engineering Ltd. is a leading global automotive component manufacturer. With operations in more than 22 countries across the globe, Varroc Engineering offers a wide range of products and services for the automotive industry. The company's core lines of business include lighting systems, electrical and electronic systems, plastic and polymer components, and metal components.

Varroc Engineering's top products include headlamps, tail lamps, fog lamps, mirrors, and instrument clusters. The company also manufactures a range of plastic and polymer components, such as bumpers, spoilers, fuel tanks, and interior trim.

Share Price: ₹540.05 per share as on 12 Nov, 2024 04:01 PM
Market Capitalisation: ₹8,115.25Cr as of today
Revenue: ₹1,898.85Cr as on June 2024 (Q2 24)
Net Profit: ₹34.07Cr as on June 2024 (Q2 24)
Listing date: 06 Jul, 2018
Chairperson Name: TARANG JAIN
OrganisationVarroc Engineering Ltd
Headquarters
IndustryAuto Ancillaries
E-voting on sharesClick here to vote

Key events for Varroc Engineering Ltd

  • Varroc Group Expands Solar Capacity with AMPIN - 28 Oct, 2024

    Varroc Group has signed a Power Purchase Agreement for an additional 27 MWp solar project, increasing their total contracted capacity with AMPIN to over 60 MWp. This initiative aims to meet 70% of their energy requirements with renewable energy, resulting in significant cost savings and a reduced carbon footprint.

  • Varroc Engineering Secures Funding and Renewable Stake - 01 Oct, 2024

    Varroc Engineering announced a ₹250 crore issuance of NCDs, followed by a plan to acquire a 26% stake in renewable energy SPVs for ₹9.72 crore.

Insights on Varroc Engineering Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 7 days, VARROC stock has moved up by 2.5%

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 8.03% to 8.55% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    MF Holding Up

    img

    Mutual Funds have increased holdings from 10.17% to 10.25% in Sep 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 75.00% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Cummins India Ltd has given 290.3% return, outperforming this stock by 200.6%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Cummins India Ltd has given 102.7% return, outperforming this stock by 90.4%

  • imgNEGATIVE IMPACT

    Profit Down

    img

    Netprofit is down for the last 3 quarters, 382.69 Cr → 32.41 Cr (in ₹), with an average decrease of 64.1% per quarter

  • imgNEGATIVE IMPACT

    Revenue Fall

    img

    Revenue is down for the last 2 quarters, 1.98K Cr → 1.90K Cr (in ₹), with an average decrease of 4.1% per quarter

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 4.23% to 3.80% in Sep 2024 quarter

Varroc Engineering Ltd Financials

Value in ₹ crore
DetailsQ'2 23Q'3 23Q'4 23Q'1 24Q'2 24
Revenue₹1,805.69Cr (-)₹1,886.81Cr (↑4.49%)₹1,884.59Cr (↓0.12%)₹1,974.86Cr (↑4.79%)₹1,898.85Cr (↓3.85%)
Net Income₹34.11Cr (-)₹55.72Cr (↑63.35%)₹383.89Cr (↑588.96%)₹58.36Cr (↓84.80%)₹34.07Cr (↓41.62%)
Net Profit Margin1.89% (-)2.95% (↑56.08%)20.37% (↑590.51%)2.96% (↓85.47%)1.79% (↓39.53%)
Value in ₹ crore
Details2021202220232024
Total Assets₹3,379.86Cr (-)₹4,255.00Cr (↑25.89%)₹3,311.63Cr (↓22.17%)₹3,333.63Cr (↑0.66%)
Total Liabilities₹1,462.90Cr (-)₹2,314.01Cr (↑58.18%)₹2,757.25Cr (↑19.15%)₹2,423.17Cr (↓12.12%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹355.11Cr (-)₹160.27Cr (↓54.87%)₹427.66Cr (↑166.84%)₹229.31Cr (↓46.38%)₹525.30Cr (↑129.08%)

Index Inclusions

S&P BSE 250 SmallCap

₹6,921.04

-1.39 (-97.86%)

S&P BSE 400 MidSmallCap

₹11,879.50

-1.15 (-138.04%)

Nifty Smallcap 250

₹17,196.40

-1.31 (-227.5%)

S&P BSE AllCap

₹10,471.31

0.68 (71.07%)

Nifty MidSmallcap 400

₹19,401.45

-1.05 (-206.85%)

Nifty 500

₹22,331.05

-1.15 (-260.35%)

BSE 500

₹35,161.57

-1.18 (-418.81%)

BSE Small-Cap

₹53,604.48

-1.26 (-681.93%)

Varroc Engineering Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
75%
0.00
Foreign Institutions
3.8%
-10.33
Mutual Funds
10.25%
0.80
Retail Investors
8.55%
6.47
Others
2.4%
-6.36

Varroc Engineering Ltd Key Indicators

Details2020202120222024
Return On Equity %9.175.021.3534.53
Details20202021202220232024
Return On Assets %0.01-18.7-26.08-24.7615.78
Details20202021202220232024
Book Value Per Share (₹)222.87198.17130.1663.8997.98
Details20202021202220232024
Earning Per Share (₹)0.19-41.14-72.43-53.4834.82

Varroc Engineering Ltd Valuation

Varroc Engineering Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-12.98x)

December 4, 2020

Today (15.42x)

November 11, 2024

Industry (52.76x)

November 11, 2024

Highest (9900.00x)

June 25, 2020

LowHigh

Varroc Engineering Ltd Earnings and Dividends

  • Varroc Engineering Ltd Earnings Results

    Varroc Engineering Ltd’s net profit jumped 0.46% since last year same period to ₹32.41Cr in the Q1 2024-2025. On a quarterly growth basis, Varroc Engineering Ltd has generated -43% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Varroc Engineering Ltd Dividends February,2020

    In the quarter ending December 2019, Varroc Engineering Ltd has declared dividend of ₹3 - translating a dividend yield of 1.30%.

    Read More about Dividends

Varroc Engineering Ltd Technicals Summary

Bearish

Neutral

Bullish

Neutral

Varroc Engineering Ltd is currently in a Neutral trading position according to technical analysis indicators.

FAQs on Varroc Engineering Ltd

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Varroc Engineering Ltd (VARROC) share price today is ₹540.05

Varroc Engineering Ltd is listed on NSE

Varroc Engineering Ltd is listed on BSE

  • Today’s highest price of Varroc Engineering Ltd is ₹550.8.
  • Today’s lowest price of Varroc Engineering Ltd is ₹526.4.

PE Ratio of Varroc Engineering Ltd is 15.42

PE ratio = Varroc Engineering Ltd Market price per share / Varroc Engineering Ltd Earnings per share

Today’s traded volume of Varroc Engineering Ltd(VARROC) is 2.21L.

Today’s market capitalisation of Varroc Engineering Ltd(VARROC) is ₹8115.25Cr.

Varroc Engineering Ltd(VARROCPrice
52 Week High
₹716.9
52 Week Low
₹433

Varroc Engineering Ltd(VARROC) share price is ₹540.05. It is down -24.67% from its 52 Week High price of ₹716.9

Varroc Engineering Ltd(VARROC) share price is ₹540.05. It is up 24.72% from its 52 Week Low price of ₹433

Varroc Engineering Ltd(VARROCReturns
1 Day Returns
8.9%
1 Month Returns
-7.78%
3 Month Returns
-3.24%
1 Year Returns
12.26%