Varroc Engineering Limited
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.
Valuation
Profitability
Returns
Solvency
AI Summary
Indian StockRule-based from financial data. Not advice.
Historically, Apr has averaged the highest return (+12.8%); Feb the lowest (-12.9%).
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | -2.5%Negative MonthJan 2026: -2.51% | -6.0%Negative MonthFeb 2026: -6.03% | -13.5%Negative MonthMar 2026: -13.49% | +13.4%Positive MonthApr 2026: +13.35% | +6.8%Positive MonthMay 2026: +6.84% | +11.7%Positive MonthJun 2026: +11.66% | +3.8%*Positive MonthJul 2026: +3.82% | β | β | β | β | β |
| 2025 | -5.7%Negative MonthJan 2025: -5.70% | -23.9%Negative MonthFeb 2025: -23.90% | +1.8%Neutral MonthMar 2025: +1.85% | +0.4%Neutral MonthApr 2025: +0.38% | +22.5%Positive MonthMay 2025: +22.52% | +7.3%Positive MonthJun 2025: +7.30% | -5.2%Negative MonthJul 2025: -5.18% | -0.6%Neutral MonthAug 2025: -0.59% | +10.3%Positive MonthSep 2025: +10.30% | +3.4%Positive MonthOct 2025: +3.41% | +8.3%Positive MonthNov 2025: +8.31% | -10.7%Negative MonthDec 2025: -10.66% |
| 2024 | +0.1%Neutral MonthJan 2024: +0.09% | -12.0%Negative MonthFeb 2024: -11.99% | +2.7%Positive MonthMar 2024: +2.68% | +4.6%Positive MonthApr 2024: +4.59% | +5.5%Positive MonthMay 2024: +5.51% | +18.0%Positive MonthJun 2024: +17.99% | -2.3%Negative MonthJul 2024: -2.28% | -10.8%Negative MonthAug 2024: -10.79% | +3.1%Positive MonthSep 2024: +3.06% | -11.5%Negative MonthOct 2024: -11.48% | +0.1%Neutral MonthNov 2024: +0.08% | +13.3%Positive MonthDec 2024: +13.30% |
| 2023 | -6.6%Negative MonthJan 2023: -6.60% | -12.1%Negative MonthFeb 2023: -12.13% | +2.2%Positive MonthMar 2023: +2.19% | +17.1%Positive MonthApr 2023: +17.06% | +5.7%Positive MonthMay 2023: +5.73% | +9.4%Positive MonthJun 2023: +9.39% | +3.5%Positive MonthJul 2023: +3.53% | +21.0%Positive MonthAug 2023: +21.02% | +15.1%Positive MonthSep 2023: +15.12% | -5.5%Negative MonthOct 2023: -5.54% | +17.1%Positive MonthNov 2023: +17.15% | +3.0%Positive MonthDec 2023: +2.96% |
| 2022 | +20.2%Positive MonthJan 2022: +20.20% | -10.6%Negative MonthFeb 2022: -10.61% | -2.9%Negative MonthMar 2022: -2.86% | +28.5%Positive MonthApr 2022: +28.53% | -22.6%Negative MonthMay 2022: -22.59% | -12.9%Negative MonthJun 2022: -12.92% | +16.3%Positive MonthJul 2022: +16.26% | -0.7%Neutral MonthAug 2022: -0.75% | -4.8%Negative MonthSep 2022: -4.81% | -5.8%Negative MonthOct 2022: -5.75% | -3.9%Negative MonthNov 2022: -3.87% | -0.5%Neutral MonthDec 2022: -0.47% |
| 2021 | β | β | β | β | β | -10.5%Negative MonthJun 2021: -10.49% | -7.6%Negative MonthJul 2021: -7.57% | -15.4%Negative MonthAug 2021: -15.39% | +4.5%Positive MonthSep 2021: +4.53% | -2.0%Negative MonthOct 2021: -2.05% | +0.3%Neutral MonthNov 2021: +0.26% | +12.5%Positive MonthDec 2021: +12.50% |
| AvgΒ±SD |
Each cell is the percentage change in closing price from the end of the prior month to the end of this month. The bottom row shows the average return for that calendar month across the selected years, plus or minus one standard deviation β the range that historically contained roughly two-thirds of outcomes. Past monthly patterns are not a forecast of future returns.
This aggregates every month by calendar position β all Januaries together, all Februaries together, and so on β to show whether a given month has leaned positive or negative historically. βSimpleβ counts each month as +1 or β1. βWeightedβ gives larger moves more influence: +2 above +10%, β2 below β10%. With only 6 years of history for this asset, each monthβs score reflects a small number of observations β read it as a historical tendency, not a reliable seasonal pattern.
This tracks a running tally across the assetβs full price history: each month adds or subtracts based on whether it was positive or negative. A rising line means more positive months than negative so far; a flattening or falling line means recent months have leaned negative. This measures historical month-to-month consistency, not expected future performance.
Year-to-date return is calculated by dividing each dayβs closing price by the price on January 1st of that year (or the assetβs first available price if it began trading mid-year). The custom average line shows the mean YTD return at each calendar day across the selected years. The standard deviation band shows the range within which returns have historically fallen β at 1 SD, roughly two-thirds of years; at 2 SD, roughly 95%. Past year-to-date patterns do not predict future returns. The average and standard deviation band are computed from the year set chosen in βAverage fromβ, which is independent of which year lines are displayed. The current in-progress year is excluded from these calculations, since a partial year is not comparable to complete ones. Election-cycle groupings follow the US presidential calendar and are offered only for US and crypto assets.
Historical Performance
Revenue, profitability, and cash flow trends (βΉ Crores)
Revenue (10Y)
Operating Income (10Y)
Net Profit (10Y)
Operating Margin % (10Y)
Dividend Payout % (10Y)
Free Cash Flow (10Y)
Growth Summary
Latest fiscal year: Mar 2025
Historical Growth
Year-by-year revenue, profitability, and cash flow (βΉ Crores, last 10 years)
| Year | Revenue | Op. Income | Net Profit | CFO | FCF | ROE | Rev Growth 1Y | NP Growth 1Y |
|---|---|---|---|---|---|---|---|---|
| Mar 2025 | βΉ7.37 K Cr | β | βΉ276.00 Cr | β | β | 15.4% | 10.4% | -47.4% |
| Mar 2024 | βΉ6.68 K Cr | β | βΉ525.00 Cr | β | β | 34.7% | 69.4% | -137.9% |
| Mar 2023 | βΉ3.94 K Cr | β | βΉ-1387.00 | β | β | -250.4% | 19.7% | -5434.6% |
| Mar 2022 | βΉ3.29 K Cr | β | βΉ26.00 Cr | β | β | 1.3% | 28.5% | -71.7% |
| Mar 2021 | βΉ2.56 K Cr | β | βΉ92.00 Cr | β | β | 4.8% | 2.6% | -11.5% |
| Mar 2020 | βΉ2.50 K Cr | β | βΉ104.00 Cr | β | β | 9.1% | -2.9% | -13.3% |
| Mar 2019 | βΉ2.57 K Cr | β | βΉ120.00 Cr | β | β | 10.6% | 25.7% | 71.4% |
| Mar 2018 | βΉ2.05 K Cr | β | βΉ70.00 Cr | β | β | 6.9% | 22.1% | 66.7% |
| Mar 2017 | βΉ1.68 K Cr | β | βΉ42.00 Cr | β | β | 4.4% | 7.5% | -70.6% |
| Mar 2016 | βΉ1.56 K Cr | β | βΉ143.00 Cr | β | β | 20.9% | 5.5% | -142.2% |
Financial Statements
Income statement, balance sheet, and cash flow (βΉ Crores, as reported)
Consolidated Figures in USD Millions.
| Unnamed: 0 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue / Net Sales | 1,380 | 1,478 | 1,559 | 1,676 | 2,047 | 2,573 | 2,498 | 2,562 | 3,292 | 3,940 | 6,676 | 7,369 | 7,670 |
| Total Expenses | 1,249 | 1,323 | 1,425 | 1,515 | 1,829 | 2,304 | 2,254 | 2,326 | 3,050 | 3,652 | 6,137 | 6,621 | 6,880 |
| EBIT / Operating Profit | 132 | 155 | 134 | 161 | 218 | 269 | 245 | 236 | 241 | 288 | 539 | 747 | 790 |
| OPM % | 10% | 11% | 9% | 10% | 11% | 10% | 10% | 9% | 7% | 7% | 8% | 10% | 10% |
| Other Income | 4 | 19 | 16 | 32 | 29 | 51 | 72 | 111 | 65 | -1,302 | 183 | 26 | 5 |
| Finance Costs | 47 | 425 | -79 | 47 | 40 | 39 | 45 | 56 | 91 | 170 | 184 | 162 | 142 |
| Depreciation & Amortisation | 62 | 80 | 82 | 96 | 102 | 108 | 144 | 154 | 170 | 194 | 266 | 252 | 254 |
| Profit Before Tax | 26 | -330 | 147 | 50 | 105 | 174 | 128 | 137 | 45 | -1,378 | 271 | 360 | 400 |
| Tax % | -2% | 3% | 3% | 16% | 34% | 31% | 19% | 33% | 42% | 1% | -93% | 23% | - |
| Net Profit / PAT | 27 | -339 | 143 | 42 | 70 | 120 | 104 | 92 | 26 | -1,387 | 525 | 276 | 305 |
| EPS (βΉ) | 25.82 | -323.87 | 136.33 | 34.11 | 5.67 | 8.87 | 7.70 | 6.03 | 1.70 | -90.77 | 34.36 | 18.05 | 20 |
| Dividend Payout % | 3% | -1% | 3% | 10% | 9% | 51% | 39% | 0% | 0% | 0% | 0% | 6% | - |
Peer Comparison
Automobiles & Components sector peers, ranked by market cap
| Company | Market Cap | Revenue | P/E | P/B | EV/EBITDA | Rev G 1Y |
|---|---|---|---|---|---|---|
| Varroc Engineering Limitedthis co. | βΉ8.62 K Cr | βΉ7.37 K Cr | 26.80 | 4.47 | 13.25 | 10.4% |
| Maruti Suzuki India Ltd. | βΉ5.16 L Cr | βΉ1.52 L Cr | 36.20 | 5.30 | 25.33 | 7.8% |
| Mahindra & Mahindra Ltd. | βΉ4.55 L Cr | βΉ1.19 L Cr | 32.50 | 6.84 | 26.39 | 17.1% |
| Bajaj Auto Limited | βΉ2.67 L Cr | βΉ50.01 K Cr | 30.50 | 8.68 | 26.02 | 11.9% |
| Eicher Motors Ltd. | βΉ2.03 L Cr | βΉ18.45 K Cr | 43.20 | 10.56 | β | 14.8% |
| HYUNDAI MOTOR INDIA LIMITED | βΉ1.88 L Cr | βΉ67.65 K Cr | 33.40 | 11.03 | 17.74 | -1.3% |
| TVS Motor Company Ltd. | βΉ1.78 L Cr | βΉ36.25 K Cr | 56.60 | 18.32 | 49.03 | 14.1% |
| Industry Average | β | βΉ15.02 K Cr | 51.90 | 6.13 | 25.31 | 7.0% |
