Varroc Engineering Ltd Ordinary Shares

541578

Summary

Fair Value Assessment
Undervalued (22% Discount)
Fair ValueQ561.37UncertaintyHigh
Close Price436.05Feb 27, 2025
Previous Close
436.05
Day Range
428.55 – 465.00
Year Range
428.55 – 717.00
Bid / Ask
436.05 × 463
Market Cap
66.6 Bil
Volume / Average
4.7 k / 44.2 k
Beta (5-Year)
1.88
Shares Outstanding
152.79 Mil
Primary Exchange
Bombay Stock Exchange

Business Description
Varroc Engineering Ltd is an India based company engaged in manufacturing and supplying components and subassemblies for automobile, consumer durable, and white goods industries. The company's operating segment includes Automotive and Others. It generates maximum revenue from the Automotive segment. The company also designs, manufactures, and supply exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to a passenger car, commercial vehicle, two-wheeler, three-wheeler and off-highway vehicle. Geographically, it derives a majority of revenue from Europe and also has a presence in the Asia Pacific; North America, and Other Countries.
Contact
Plot No. L-4, MIDC Industrial Area Waluj, Aurangabad, MH 431136
T +91 2406653700
www.varroc.com opens in a new tab
Sector
Consumer Cyclical
Industry
Auto Parts
Most Recent Earnings
Dec 31, 2024
Fiscal Year End
Mar 31, 2025
Employees
8,635

Key Metrics

Income Statement (in Bil, except ratios)
12/31/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Revenue
78.39 73.61 68.05 57.85 112.44 110.55
Revenue Growth %
9.02% 8.17% 17.63% 33.49% 1.71% -7.53%
Gross Profit
25.83 24.33 21.90 17.71 34.96 38.42
Gross Profit Margin %
32.95% 33.05% 32.18% 30.62% 31.09% 34.75%
Operating Income
4.58 4.22 2.60 0.86 -4.58 1.16
Operating Margin %
5.84% 5.74% 3.82% 1.49% -4.07% 1.05%
EBIT
3.84 4.91 2.59 0.80 -3.63 1.54
EBIT Margin %
4.90% 6.68% 3.81% 1.38% -3.23% 1.40%
EBITDA
7.09 8.28 5.96 10.54 5.32 8.86
EBITDA Margin %
9.04% 11.25% 8.76% 18.22% 4.73% 8.02%
Net Income
0.98 5.26 -8.20 -11.10 -6.32
Net Profit Margin %
1.34% 7.51% 0.57% -1.35% -4.63% 0.02%
Basic EPS
6.38 34.43 -53.66 -72.64 -46.75 0.01
Diluted EPS
6.38 34.43 -53.66 -72.64 -46.75 0.01
Normalized EPS
9.22 35.21 30.90 -4.10 -27.61 0.98
Total Dividends per Share
7.00
Balance Sheet (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Total Assets
47.29 45.60 46.21 109.98 112.25 110.02
Total Liabilities
30.89 30.34 36.17 89.84 81.69 79.73
Total Debt
12.04 13.90 18.06 16.25 36.95 42.55
Total Equity
16.40 15.26 10.04 20.14 30.56 30.29
Cash And Cash Equivalents
1.22 1.10 3.02 1.16 7.42 10.66
Working Capital
-4.53 -4.64 -10.98 -1.66 -18.51 -18.56
Shares Outstanding (Bil)
0.15 0.15
Book Value Per Share
97.98 63.89 130.16 198.18 222.87
Total Debt To Equity
0.73 0.91 1.80 0.81 1.21 1.40
Cash Flow Statement (in Bil, except ratios)
09/30/2024
03/2024
03/2023
03/2022
03/2021
03/2020
Cash From Operating Activities
6.04 6.38 6.61 6.36 4.74 14.14
Cash From Investing Activities
-2.43 -1.66 -2.60 -7.63 -6.44 -12.68
Cash From Financing Activities
-4.45 -6.64 -2.16 -3.35 -1.52 7.33
Capital Expenditures
2.74 5.98 8.54 7.75 13.87
Free Cash Flow
2.39 -4.94 -9.89 -4.99 -7.09
Change in Cash
-0.83 -1.92 1.85 -4.62 -3.22 8.79

Profile

Name (Age)
5-Year Trend
2021
2022
2023
2024
2025
Arjun Jain (35) Director and Chief Executive Officer, Business Division-l
Dhruv Jain (29) Director and Chief Executive Officer, Business Division-ll
Tarang Jain (62) Chairman of the Board and Managing Director
Tarun Tyagi (53) Director and President, Business Head, Metallic
Total Compensation for all Key Executives
Transaction History

Shares in Thousands
0 5 10 15 20 25 30 35 40
>
No Data Available
There is no available information for this investment.
Sep
2023
    • Buy
    • Acquisition
    • Option Exercise
    • Disposition
    • Sell
Transaction Detail
No Data Available
There is no available information for this investment.

Ownership

Name
% Total
Shares Held
% Total
Assets
Trend
Prev. 8 Qtrs
Change Amount
Change %
Date
HDFC Flexi Cap Gr 4.58 0.59 7,000,000
3,000,000
75.00%
Jan 31, 2025
Nippon India Focused Equity Gr 2.10 2.26 3,209,796
Jan 31, 2025
Motilal Oswal Small Cap Dir Gr Not Rated 0.97 2.03 1,485,451
591,482
66.16%
Jan 31, 2025
Mahindra Manulife Small Cap Reg Gr Not Rated 0.65 1.56 992,007
Jan 31, 2025
Tata ELSS Tax Saver Reg IDCW-P 0.48 0.93 740,000
Jan 31, 2025
Total (for Top 5) 8.79 13,427,254
3,591,482

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