Varroc Engineering Limited
₹768.90-₹35.30 (-4.4%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹8,622 Cr
- P/E
- 26.8x
- EV / EBITDA
- 13.2x
- Revenue
- ₹7,369 Cr
- Net margin
- 7.9%
- ROCE
- 19.5%
Price chart
Technical chartScreen technicals →+25.5% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -10.9%
- 3M
- +15.8%
- 6M
- +44.9%
- 1Y
- +25.5%
- 5Y
- +160.9%
52-week range
Day change -₹35.30 (-4.4%) from ₹804 to ₹769 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in VARROC, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year revenue CAGR of 21.7%
Concerns1
- Other income is 67.5% of PBT — a large share of earnings is non-operating
Rule-based from financial data. Not advice.
About the company
Varroc Engineering Limited provides aftermarket automotive components and solutions worldwide.
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Varroc Engineering Limited provides aftermarket automotive components and solutions worldwide. It offers e-mobility solutions, such as traction motors, controllers, and DC-DC converters; ice powertrain solutions, including valves, transmission components, crankpins and balancers, and wiper motors; light engines, light control units, and exterior and interior lighting products; and human-machine interface solutions, which include digital instrument clusters, sensors, and ergonomic handlebar switches. The company also provides polymer components, metallic forging and casting products, engine parts, and consumables and accessories; and intelligent cockpits and ADAS solutions, such as driver and cabin monitoring systems, surround view systems, and infotainment systems. In addition, it operates connected vehicle platform that integrates cloud providers, as well as supports device-agnostic connectivity. The company serves passenger cars, commercial vehicles, two and three wheelers, and off-highway vehicles original equipment manufacturers. Varroc Engineering Limited was incorporated in 1988 and is based in Aurangabad, India.
- Sector
- Automobiles & Components
- Shares outstanding
- 15.3 Cr shares
- ISIN
- INE665L01035
- BSE code
- 541578
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹8,622 Cr
- P/E
- 26.8x
- P/B
- 4.5x
- EV / EBITDA
- 13.2x
- EV / Sales
- 1.4x
- P/S
- 1.3x
- Earnings yield
- 3.7%
- 52-week high
- ₹886.55
- 52-week low
- ₹468.10
Profitability
- Operating margin
- 8.1%
- Net margin
- 7.9%
- EBITDA margin
- 10.8%
- ROE
- 34.7%
- ROCE
- 19.5%
- ROA
- 12.6%
- Dividend payout
- 0.0%
- Tax rate
- -93.0%
- Other income, % of PBT
- 67.5%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹7,369 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.4%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 21.7%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹722 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 171.2%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -47.4%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 38.2%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹690 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 201.3%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹9.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 28.4%
Solvency and efficiency
- Current ratio
- 1.76
- Debt / Equity
- 0.83
- Debt / Assets
- 0.30
- Debt / EBITDA
- 1.74
- Interest coverage
- 2.93
- Financial leverage
- 2.76
- CFO / Net profit
- 1.31
- Cash / Market cap
- 18.1%
- Cash per share
- ₹101.80
- Asset turnover
- 1.60
- Fixed asset turnover
- 4.04
- Capital intensity
- 0.25
- Debtor days
- 19 days
- Inventory turnover
- 8.49
- Cash conversion cycle
- -30 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹4 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹6,622 Cr |
| Sales | Operating profit | ₹747 Cr |
| Operating profit | Interest | ₹162 Cr |
| Operating profit | Depreciation | ₹252 Cr |
| Operating profit | Profit before tax | ₹333 Cr |
| Other income | Profit before tax | ₹26 Cr |
| Profit before tax | Tax and other | ₹84 Cr |
| Profit before tax | Net profit | ₹276 Cr |
Revenue and net profit
Revenue grew 10.4% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹2,562 Cr | ₹92 Cr |
| FY2022 | ₹3,292 Cr | ₹26 Cr |
| FY2023 | ₹3,940 Cr | -₹1,387 Cr |
| FY2024 | ₹6,676 Cr | ₹525 Cr |
| FY2025 | ₹7,369 Cr | ₹276 Cr |
Cash flows
FY2025: ₹707 Cr from operations, ₹476 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹160 Cr | -₹503 Cr |
| FY2022 | ₹428 Cr | -₹780 Cr |
| FY2023 | ₹229 Cr | -₹198 Cr |
| FY2024 | ₹690 Cr | ₹445 Cr |
| FY2025 | ₹707 Cr | ₹476 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹7,369 Cr+10.4%1Y
- Net profit
- ₹276 Cr-47.4%1Y
- Cash from operations
- ₹707 Cr
- Free cash flow
- ₹476 Cr+7.0%1Y
- Revenue CAGR, 5Y
- 21.7%
- EBITDA CAGR, 5Y
- 17.9%
- Net profit CAGR, 5Y
- 38.2%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹7,369 Cr | ₹747 Cr | — | ₹276 Cr | ₹707 Cr | ₹476 Cr | 15.4% | +10.4% | -47.4% |
Monthly returns
Month-by-month returns of VARROC across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹4,413 Cr |
| Equity capital | ₹15 Cr |
| Reserves | ₹1,772 Cr |
| Borrowings | ₹965 Cr |
| Other liabilities | ₹1,660 Cr |
| Assets | ₹4,413 Cr |
| Fixed assets | ₹1,657 Cr |
| Capital work in progress | ₹74 Cr |
| Investments | ₹852 Cr |
| Other assets | ₹1,831 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
VARROC trades at 26.8x earnings against a peer median of 34.8x (a 23% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Varroc Engineering LimitedVARROCthis companyP/E ↓ discount | ₹8,622 Cr | 26.8x | 4.5x | 34.7% | 13.2x |
| RailTel Corporation of India LimitedRAILTEL | ₹10,909 Cr | 33.7x | 5.2x | 13.5% | 21.1x |
| TITAGARH RAIL SYSTEMS LIMITEDTITAGARH | ₹10,666 Cr | 43.8x | 4.1x | 13.3% | 20.9x |
| Shipping Corporation Of India LtdSCI | ₹9,874 Cr | 13.1x | 1.2x | 8.8% | 7.3x |
| Banco Products (India) Ltd.BANCOINDIA | ₹9,277 Cr | 24.0x | 9.0x | 34.4% | 28.4x |
| ASK Automotive LimitedASKAUTOLTD | ₹9,175 Cr | 44.0x | 8.1x | 20.3% | 29.6x |
| Transport Corporation of India LtdTCI | ₹8,144 Cr | 19.3x | 3.7x | 17.4% | 16.7x |
| Pricol LimitedPRICOLLTD | ₹7,623 Cr | 51.4x | 7.4x | 16.3% | 27.9x |
| Transrail Lighting LimitedTRANSRAILL | ₹6,520 Cr | 15.5x | 3.1x | 20.2% | 10.3x |
| Peer median | — | 34.8x | 5.2x | 16.1% | 21.0x |
Year-to-date ROI
VARROC since 1 January, against earlier years.
Historical volatility
VARROC's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 9.0% |
| FY2022 | 7.0% |
| FY2023 | 7.0% |
| FY2024 | 8.0% |
| FY2025 | 10.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹7,369 Cr |
| Costs | |
| Interest | ₹162 Cr |
| Expenses | ₹6,621 Cr |
| Operating profitOperating Profit | ₹747 Cr |
| Other income and charges | |
| Profit before tax | ₹360 Cr |
| Tax | |
| Net profitNet Profit | ₹276 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹4,413 Cr |
| Equity capitalEquity Capital | ₹15 Cr |
| Reserves | ₹1,772 Cr |
| Borrowings | ₹965 Cr |
| Other liabilitiesOther Liabilities | ₹1,660 Cr |
| AssetsTotal Assets | ₹4,413 Cr |
| Fixed assetsFixed Assets | ₹1,657 Cr |
| Capital work in progressCWIP | ₹74 Cr |
| Investments | ₹852 Cr |
| Other assetsOther Assets | ₹1,831 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹707 Cr |
| Investing cash flowCash from Investing Activity | -₹231 Cr |
| Financing cash flowCash from Financing Activity | -₹485 Cr |
| Change in cashNet Cash Flow | -₹9 Cr |
Learn while you research
Academy chapters picked for Varroc Engineering Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 04 Sectors & IndustriesHow to classify and compare companies across sectors.6 min read
- 05 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read
- 06 How to Read a Cash-Flow StatementProfit can be manipulated; cash flow rarely lies.7 min read