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Varroc Engineering Ltd

VARROC

Varroc Engineering Ltd

VARROC
Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹9,588 cr, stock is ranked 537
High RiskStock is 3.61x as volatile as Nifty
629.550.32% (+2.00)
629.550.32% (+2.00)

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Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹9,588 cr, stock is ranked 537
High RiskStock is 3.61x as volatile as Nifty

How to use scorecard? Learn more

Consumer DiscretionaryAuto Parts
SmallcapWith a market cap of ₹9,588 cr, stock is ranked 537
High RiskStock is 3.61x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
18.239.55
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
41.397.730.48%

Forecast & Ratings

Detailed Forecast 
67%
Analysts have suggested that investors can buy this stock

from 6 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Varroc Engineering is focused on designing, manufacturing and supplying exterior lighting systems, plastic and polymer components, and electrical and electronics components

Investor Presentation

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Sep 5, 2023

PDF
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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Lower than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of -8.91%, vs industry avg of 8.67%

Decreasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share decreased from 5.23% to 2.36%

Lower than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 4.35%, vs industry avg of 11.5%

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Financial YearFY 2016FY 2017FY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue7,979.679,471.7110,386.4712,158.7111,220.764,525.245,878.136,926.287,623.917,623.90
Raw Materialssubtract5,100.446,071.916,412.727,602.347,019.362,862.813,903.484,445.556,799.306,799.29
Power & Fuel Costsubtract186.64193.12211.14243.35235.67133.44185.41224.60
Employee Costsubtract1,039.931,203.751,313.521,501.491,637.19509.77619.26717.30
Selling & Administrative Expensessubtract440.71454.52568.93639.45536.00172.78263.54277.55
Operating & Other expensessubtract570.56793.73891.69991.06882.021,064.481,542.051,507.30
Depreciation/Amortizationsubtract292.25337.08386.47565.64731.86273.79304.55336.74336.82336.82
Interest & Other Itemssubtract-42.6590.4086.1796.85139.1788.94118.35190.30193.86193.86
Taxes & Other Itemssubtract21.9814.0965.5893.3139.3051.1451.3846.78-232.08-232.08
EPS38.4728.5636.5732.970.01-43.94-72.64-53.6634.4334.43
DPS0.350.350.504.503.000.000.000.000.000.00
Payout ratio0.010.010.010.14212.860.000.000.000.000.00

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 30PDF
May 2PDF
FY 2023

Annual report

PDF

Investor Presentation

May 23PDF
Feb 7PDF
Nov 14PDF
+3 more
FY 2024

Annual Report Pending

Investor Presentation

Sep 5PDF
Aug 9PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryAuto Parts

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Varroc Engineering Ltd18.239.55
Samvardhana Motherson International Ltd47.755.320.42%
Bosch Ltd41.148.501.08%
Schaeffler India Ltd70.2713.150.64%

Price Comparison

Compare VARROC with any stock or ETF
Compare VARROC with any stock or ETF
VARROC
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding75.00%10.17%2.56%4.23%8.03%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun5.04%5.07%4.99%4.57%4.22%4.23%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

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)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
Nippon India Focused Equity Fund - Growth - Direct Plan

Growth
2.6482%2.96%0.31%18/34 (0)
HDFC Flexi Cap Fund - Growth - Direct Plan

Growth
2.1981%0.39%0.04%42/55 (+1)
Nippon India Multi Cap Fund - Growth - Direct Plan

Growth
2.0630%0.57%0.01%39/117 (0)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

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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

Interim
Interim | Div/Share: ₹3.00

Dividend/Share

3.00

Ex DateEx Date

Feb 25, 2020

Cash Dividend

Ex DateEx DateAug 8, 2019

Final
Final | Div/Share: ₹4.00

Dividend/Share

4.00

Ex DateEx Date

Aug 8, 2019

News & Opinions
Corporate
Varroc Engineering announces change in name of subsidiary

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

1 week agoCapital Market - Live

Varroc Engineering Q2 Results Review - Inline Performance; Key Focus On Debt Reduction: ICICI Securities

8 months agoBloomberg Quint

Buy Varroc Engineering; target of Rs 406: ICICI Direct

11 months agoMoneycontrol

Varroc Engineering shares climbed 17% today. Here’s why

11 months agoBusiness Today

Varroc Engineering Q1 Results Review - On The Right Direction: Dolat Capital

11 months agoBloomberg Quint

Varroc Engineering jumps 12% on Q1 profit, debt reduction

11 months agoMoneycontrol
Varroc Engineering: Deep Dive Into Auto Components Company | Varroc Engineering Share Latest News
1 year agoCNBC-TV18
Varroc Engineering's K Mahendra Kumar On Q4 Earnings & FY24 Outlook | Midcap Radar | CNBCTV18
1 year agoCNBC-TV18

Varroc Engineering swings to profit on strong demand in March quarter

1 year agoBusiness Standard

Varroc Engineering receives revision in credit ratings

1 year agoBusiness Standard