Fin Cascade

Prices as of 9 Oct 2026 close · Not investment advice

Varroc Engineering Limited

NSE: VARROCAuto Components & Equipments

Share price

₹793.60

-1.16% close of 9 Oct 2026

Market cap ₹11,904 CrP/E 41.8

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

57

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹11,904 Cr

P/E ratio

41.8

P/B ratio

6.8

ROCE

19.0%

ROE

15.1%

Dividend yield

0.2%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹884.4052-week low ₹467.40

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 14.7% over the past year, and -4.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 6.5% to 9.0% over the last four years.

Whether it grew faster than its sector

It grew -4.9% a year against a sector median of 10.5% — 15.4 percentage points slower.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 1.3 times its growth rate, on earnings growth of 32%.

Profit growthPrice per ₹1 profitPer 1% growth
Varroc Engineering Limited — this one32%/yr41.8×₹1.3
Samvardhana Motherson International Limited40%/yr35.3×₹0.88
Bosch Limited14%/yr55.3×₹3.9
Bharat Forge Limited33%/yr86.4×₹2.6
UNO Minda Limited23%/yr52.1×₹2.3
Schaeffler India Limited10%/yr45.4×₹4.5

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Auto Components & Equipments), it ranks 38 of 101 on returns, 96 of 99 on growth, 87 of 101 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A narrow advantage: it earns 19% on capital, ahead of 62% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹3234 crore of cash from the business, spent ₹2354 crore on plant and equipment, and returned ₹2110 crore to lenders and shareholders. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

9 of 10 checks clear · 90%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Revenue rose 30% but profit fell 27%, and the spending plan for the year was raised to Rs 500-550 crore

Announced 6 Aug 2026 · Consolidated · Unaudited

Revenue

₹2,634 Cr

Revenue vs last year

+29.9%

Revenue vs last quarter

+11.2%

Net profit

₹78 Cr

Profit vs last year

-27.4%

Profit vs last quarter

+11.0%

Net margin

2.9%

EPS

₹5.06

Earnings call transcript · 6 Aug 2026

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹11,904 Cr
Prev close
₹793.60
52w High
₹912
52w Low
₹462
Enterprise value
₹12,586 Cr
Beta
1.2
Price CAGR 1y
35.0%
Price CAGR 3y
20.0%
Price CAGR 5y
22.0%
Price CAGR 10y
—

Ratios

Return on assets
4.7%
PEG ratio
1.3
P/E ratio
41.8
P/B ratio
6.8
EV / EBITDA
14.7
Industry P/E
32.0
ROCE
19.0%
ROCE 5y average
12.6%
ROE
15.1%
Debt / Equity
0.5
Interest coverage
3.5
Dividend yield
0.2%
ROE 3y average
20.0%
ROE last year
15.0%

Annual P&L

Annual revenue
₹8,890 Cr
Annual profit
₹230 Cr
Operating margin
9.0%
Net profit margin
2.6%
EBITDA margin
9.2%
Sales growth 3y
8.9%
Sales growth 5y
15.2%
Profit growth 3y
32.0%
Profit growth 5y
19.0%
EPS
₹14.7
Sales growth TTM
15.0%
Profit growth TTM
51.0%
Dividend payout
10.0%

Quarter P&L

Sales latest quarter
₹2,634 Cr
Profit latest quarter
₹78 Cr
YoY quarterly sales growth
29.9%
YoY quarterly profit growth
-27.1%
OPM latest quarter
8.4%

Balance Sheet

Book Value
₹119
Face Value
₹1.0
Total debt
₹925 Cr
Total cash
₹181 Cr
Borrowings
₹925 Cr
Reserves / Equity
117.7

Cash Flow

Operating cash flow
₹537 Cr
Free cash flow
₹87 Cr
FCF yield
-0.4%
Net cash flow
₹14 Cr

Shareholding

Promoter holding
75.0%
FII holding
4.5%
DII holding
10.8%
Public holding
9.7%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Samvardh. Mothe.153.8535.51,62,3800.381,075.781.535,243.816.613.4
Bosch43,205.0053.91,27,4380.61706.15.25,841.922.021.5
Bharat Forge1,781.6086.287,0620.46-89.9-57.74,639.918.712.6
Uno Minda1,090.0051.662,9440.24315.51.85,556.923.819.6
Schaeffler India3,740.3545.358,4630.93336.713.72,681.417.527.9
Sona BLW Precis.792.1563.649,4440.42220.173.41,157.250.815.1
Tube Investments2,257.0069.743,6890.15294.0-15.36,215.317.117.1
Varroc Engineer800.6042.912,2320.1877.727.92,634.229.919.0
Median448.3829.21,5620.3212.322.3265.521.016.4

Competes with: Bharat Forge Limited, Bosch Limited, Hero Motors Limited, Samvardhana Motherson International Limited, Schaeffler India Limited, Sona BLW Precision Forgings Limited, Tube Investments of India Limited, UNO Minda Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Consolidated · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,8061,8871,8851,9751,8992,0812,0752,0992,0282,2072,2882,3682,634
Expenses1,6231,6931,7091,7541,7251,8731,8891,8781,8332,0042,0782,1462,412
Material Cost1,2711,4331,4911,5661,687
Change in Inventories0.02-12-2.03-4531
Purchases of Stock-in-Trade00000
Employee Cost241249235237267
Other Expenses320334353388427
Operating Profit183194176221174208186221195203210222222
OPM %10109.32119.16108.96119.609.209.189.398.42
Other Income-915341267-88-51673-10077
Exceptional items (within Other Income)610-10500
Interest49505045444342413632313531
Depreciation80858982808281818183828684
Profit before tax4474711055691-254714492-3109114
Tax %2325-443443936825125312453532
Net Profit3456384583458-452310763-117078
EPS in Rs2.113.55253.722.123.64-3.101.356.883.99-0.674.545.06
Diluted EPS in Rs6.883.99-0.674.545.06

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Consolidated · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,7707,9099,29910,27912,03611,1224,3745,8446,8917,5528,1548,8909,497
Expenses6,2067,3418,7169,39810,97810,3064,0365,4846,3166,7967,3798,0698,640
Material Cost5,761
Change in Inventories-59
Purchases of Stock-in-Trade0
Employee Cost963
Other Expenses1,396
Operating Profit5645685828811,059816338360575756775821857
OPM %876997868101099
Other Income2297317210812294-556-996-82169-112-14-82
Exceptional items (within Other Income)-44
Interest475-4390869713989118190194170134129
Depreciation254292337386566732274305337337323332335
Profit before tax6339232751651939-581-1,059-773294169341312
Tax %7364131794856-815933
Net Profit173703134514293-629-1,107-81753270230200
EPS in Rs1635325437320.01-41-73-54344.011513
Diluted EPS in Rs15
Dividend Payout %1611311421,28400002510

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
1%
5 years
15%
3 years
9%
TTM
15%

Compounded profit growth

10 years
-4%
5 years
19%
3 years
32%
TTM
51%

Stock price CAGR

10 years
—
5 years
22%
3 years
20%
1 year
35%

Return on equity

10 years
-2%
5 years
-13%
3 years
20%
Last year
15%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital101011121313151515151515
Reserves1,0731,7372,1722,8153,0532,9913,0131,9739611,4821,5501,765
Borrowings1,6511,6171,5101,1942,4324,2553,6951,6251,8061,3901,118925
Other Liabilities1,6951,8692,1542,7803,1423,6444,3697,3751,8321,6431,9842,163
Minority Interest38
Total Liabilities4,4285,2335,8476,8028,64110,90411,09210,9894,6144,5304,6674,868
Fixed Assets2,0542,3902,3962,8043,5605,2835,2312,0462,0512,0272,0162,232
CWIP17831529334499979085614013580103151
Investments22122933603623303763884215306988
Other Assets2,1742,5152,8673,2943,7204,5004,6298,4162,0071,8932,4792,396
Total Assets4,4285,2335,8476,8028,64110,90411,09210,9894,6144,5304,6724,875

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1282906761,0754741,414474636686638737537
Cash from Investing Activity-286-575-577-545-1,769-1,259-613-762-448-166-245-118
Cash from Financing Activity7038694-5231,129733-152-335-216-664-490-405
Net Cash Flow-871011936-166888-292-46122-192114
Free Cash Flow-222-30952497-95127-254-20811642046587

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Consolidated
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days5855455041361373232243030
Inventory Days5149464943561645855525160
Days Payable9092941149912439612799949897
Cash Conversion Cycle1912-3-15-15-32-95-36-12-19-16-8
Working Capital Days2221-17-16-49-96-217-18-77-33-35-23
ROCE %111216133328171719

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Consolidated · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters757575757575757575757575
FIIs4.574.224.243.803.893.923.994.304.364.454.294.49
DIIs111213131213131312111111
Public8.998.648.048.548.628.307.997.978.239.209.539.68
No. of Shareholders88,08086,73889,54999,50098,41795,59491,28788,84185,29284,69283,28884,702

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year +30.9% (₹606.15 → ₹793.60)Brick size ₹32.20 (fixed)Bricks 19
₹600₹794Jan '26May '26Aug '26
Price moved up one brickPrice moved down one brickLast close ₹793.60 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

exports as % of revenue

13.00

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

682inr_cr

2026-03-31

net debt as the company states it (net cash negative)

527inr_cr

2026-06-30

order book, Rs crore

3,509inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-09-30

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-09-30

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-09-30

FY revenue / permanent employees + workers, same basis (calc)

1,51,62,941inr

2026-03-31

News

News and filings about Varroc Engineering Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Uses as raw material

  • Acrylonitrile butadiene styrene (ABS)
  • Automotive glass
  • Electronic components (bought-out)
  • Isocyanate
  • Master batch and paint
  • Polyol
  • Polypropylene (PP)
  • Rexine

Depends on the price of

  • aluminium
  • copper
  • steel

Sells to

Buys from

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Automobile and Auto Components
Industry
Auto Components & Equipments
Classification
Automobile and Auto Components › Auto Components & Equipments
ISIN
INE665L01035

Business segments

  • (i) Automotive (refer note 3) · 97%
  • (ii) Others · 3%

Plants

  • Ahmedabad / Mandal plant · Ahmedabad, Gujarat
  • Binola plant · Binola, Haryana
  • Cambiano / Sumirago facilities · Cambiano / Sumirago, Italy
  • Chakan Phase II / Bhamboli plant · Pune, Maharashtra
  • Chennai / Ezhichur plant · Chennai, Tamil Nadu
  • E-4 MIDC Waluj plant · Chhatrapati Sambhaji Nagar (Aurangabad), Maharashtra
  • Greater Noida plant · Greater Noida, Uttar Pradesh
  • Halol plant · Halol, Gujarat
  • Hanoi facility · Hanoi, Vietnam
  • Harohalli plant · Bengaluru / Ramanagara, Karnataka
  • K-103 MIDC Waluj plant · Chhatrapati Sambhaji Nagar (Aurangabad), Maharashtra
  • Lighting Plant Chakan · Pune, Maharashtra
  • M-165-167 MIDC Waluj plant · Chhatrapati Sambhaji Nagar (Aurangabad), Maharashtra
  • Narasapura / Kolar plant · Kolar, Karnataka
  • Pant Nagar plant · Rudrapur / Pantnagar, Uttarakhand
  • Pithampur plant · Pithampur, Madhya Pradesh
  • Ranjangaon plant · Pune, Maharashtra
  • Romania manufacturing facility · Timisoara / Targu Mures, Romania
  • Shivaji Nagar Sakri plant · Dhule, Maharashtra
  • Takve plant · Pune, Maharashtra

News impact

Big market events that reach Varroc Engineering Limited, and how the effect spreads.

Who it hits first

  • Agriculture official Atish Chandra said all estimates project lower kharif output after deficient rains in many parts and heavy untimely rain even in irrigated areas.
  • Winter rabi crops in rainfed areas are also at risk, squeezing farm incomes and rural spending on vehicles and goods.
  • Tractor makers are the most exposed to this outlook, but the pack carries no fundamentals rows for them, so they carry no signals here.

Who may gain

  • Food-grain holders and traders, who may gain if crop prices rise on short supply
  • Irrigated-area farmers with intact harvests, who may sell at firmer prices

Along the supply chain

Downstream

Downstream, grain moves in thinner volumes to mills and food makers, while rural dealers sell fewer vehicles and goods.

Upstream

Upstream, seed, fertilizer, and equipment sellers face weaker rabi sowing demand in rainfed areas.

Where demand moves

Business

Farmers earn less from a smaller harvest, so rural business demand for two-wheelers, cars, and vehicle parts softens through dealers.

Capital

Capital flow turns cautious on rural-exposed auto shares as investors price weaker farm incomes, with no offsetting inflow elsewhere.

How it spreads across sectors

Automobile and Auto Components

Negative readthrough as weak farm incomes dent rural two-wheeler and car demand; commercial vehicles and global parts books feel less.

FMCG

Softer rural spending on daily goods as farm incomes shrink, though the pack names no FMCG members to quantify it.

Fertilizers

Weaker rabi sowing outlook in rainfed areas trims fertilizer offtake, though no fertilizer members sit in the pack.

A pattern seen before

Cascade chain

  • Deficient plus untimely rains → lower kharif output
  • Lower harvest → weaker farm incomes
  • Weaker farm incomes → softer rural demand for two-wheelers, cars, FMCG
  • At-risk rabi in rainfed areas → lower fertilizer and input offtake

Pattern name

Monsoon Cascade

Patterns

  • Monsoon Cascade
  • US Fed Cascade

Sectors queried

  • Banking
  • IT Services

When it plays out

Immediate

In 1–7 days rural-exposed auto shares soften as markets price the weak harvest outlook.

Medium term

In 1–6 months rabi sowing in rainfed areas decides whether farm stress extends into next season.

Short term

In 1–4 weeks harvest arrivals and price moves show how deep the kharif shortfall runs.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

7 Aug 2026unspecified₹1.5
8 Aug 2025unspecified₹1
25 Feb 2020interim₹3
8 Aug 2019unspecified₹4

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 1, delete 1, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020

Bulk & block deals

DateWhoBought / soldSharesPrice
7 Aug 2026MICROCURVES TRADING PRIVATE LIMITEDBUY8,06,254₹809.08
7 Aug 2026MICROCURVES TRADING PRIVATE LIMITEDSELL8,06,254₹809.58

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.