V

Varroc Engineering Limited

VARROCNSE
Market snapshot · 2026-08-10 17:55 UTC

825.95

+₹14.75 (+1.82%)

MARKET CAP

₹12.62K Cr

STOCK P/E

56.0x

52W HIGH

₹839.25

52W LOW

₹462.00

BOOK VALUE

₹116.53

EPS

₹14.76

ROE

SECTOR

Consumer Discretionary

DEBT/EQUITY

50.86

VOLUME

14.18L

P/B RATIO

7.09x

PEG RATIO

-2.07

Sector

Consumer Discretionary

Themes

Auto Parts
D
Dividend
E
Earnings
₹811.20₹728.34₹645.49₹562.63₹479.77VolumeEEEEDAug '25Sep '25Nov '25Jan '26Mar '26Apr '26Jun '26Aug '26

AI Summary

✦ Clartha

Valuation Metrics

Trading 47.3% above historical median. Valuation is rising — currently in the strongly overvalued zone (z-score: +3.83). Confidence: 87%.

Live forward EPS implies next-12-month EPS of ₹36.30. Applying the stock's normalized valuation corridor produces a fair range of ₹1,244.73 to ₹1,462.16, with base value near ₹1,353.99 (+63.9% vs current price).

Forward Valuation Outlook

Live forward estimate anchored to the company's historical valuation corridor.

Below normalized range

Forward EPS

₹36.30

Forward P/E

22.8x

Base Fair Value

₹1,353.99

Fair Range

₹1,244.73 - ₹1,462.16

Upside To Base

+63.9%

Estimate Source

Live forward EPS

Growth Estimate

-26.5%

P/E
Strongly Overvalued

5Y Average

31.34

Current

54.96

Overvalued

40.28

Undervalued

34.29

P/S
Strongly Overvalued

5Y Average

0.74

Current

1.33

Overvalued

0.86

Undervalued

0.63

P/B
Strongly Overvalued

5Y Average

5.29

Current

7.09

Overvalued

6.09

Undervalued

4.50

Peers & Comparison

Sector: Consumer Discretionary · Theme: Auto Parts

Auto Parts Peers8 peers
Avg P/E: 44.4x
CompanyRev. GrowthMarginP/Evs Avg52W Perf.
SONA BLW PRECISION FRGS L
SONACOMSAuto Parts
+52.4%14.2%
72.5x
Premium
+63% vs avg
+83.4%
BELRISE INDUSTRIES LTD
BELRISEAuto Parts
+12.1%5.2%
43.5x
Fair
-2% vs avg
+86.2%
ASAHI INDIA GLASS LIMITED
ASAHIINDIAAuto Parts
+15.0%8.5%
52.1x
Premium
+17% vs avg
+9.6%
ASK AUTOMOTIVE LIMITED
ASKAUTOLTDAuto Parts
+52.4%6.8%
40.8x
Fair
-8% vs avg
+36.5%
GABRIEL INDIA LTD
GABRIELAuto Parts
+29.8%5.2%
83.0x
Premium
+87% vs avg
+48.0%
FIEM INDUSTRIES LIMITED
FIEMINDAuto Parts
+17.4%9.2%
26.2x
Undervalued
-41% vs avg
+42.3%
CIE AUTOMOTIVE INDIA LTD
CIEINDIAAuto Parts
+10.6%5.7%
17.3x
Undervalued
-61% vs avg
+3.3%
BANCO PRODUCTS (I) LTD
BANCOINDIAAuto Parts
+25.6%12.4%
19.5x
Undervalued
-56% vs avg
+14.2%
WHY THESE PEERS

VARROC ENGINEERING LTD. trades at a premium (56.0x vs peer avg 44.4x), implying higher growth or quality expectations from the Auto Parts cohort. Peers include SONA BLW PRECISION FRGS L, BELRISE INDUSTRIES LTD, ASAHI INDIA GLASS LIMITED — selected based on business model, industry classification, market cap similarity, and business theme alignment.

Financials

Real statement data for revenue, earnings quality, conversion, and balance-sheet coverage. Monetary values are shown in Rs crore.

Latest revenue

₹2.12K CrDec 2025

Latest net profit

₹119 CrDec 2025

Latest EPS

₹2.10Dec 2025

Net margin

7.4%Dec 2025

Performance

Bars show revenue and net profit. The line shows net margin.

Rs crore + margin %
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.0%2.0%4.0%6.0%8.0%0.00 Cr550 Cr1.10K Cr1.65K Cr2.20K Cr
  • Revenue
  • Net income
  • Net margin %

Earnings

Revenue is shown in crores. EPS is rupees per share.

Rs crore + Rs/share
Q3 '25Q4 '25Q1 '26Q2 '26Q3 '260.00 Cr550 Cr1.10K Cr1.65K Cr2.20K Cr₹0₹2₹4₹6₹8
  • Revenue
  • EPS

Revenue to profit conversion

Bridge from operating numbers to profit for the latest reported period.

Rs crore
RevenueExpensesDepreciationOperatingprofitOther incomeInterestProfitbefore taxTax & otherNet Profit0.00 Cr550 Cr1.10K Cr1.65K Cr2.20K Cr

Latest reported period: Dec 2025

Debt level and coverage

Debt, cash and free cash flow compared on the same crore scale.

Rs crore
Annual view
20212022202320242025-550 Cr0.00 Cr550 Cr1.10K Cr1.65K Cr
  • Debt
  • Free cash flow
  • Cash & equivalents

Results

MetricMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales9421,0541,1111,7161,7731,6951,8851,8761,9131,8432,0382,115
Expenses8749801,0331,5411,5411,5321,6851,6971,6981,6351,8531,893
Operating Profit12.0526.5227.86105166101137116152146120156
OPM %1.28%2.52%2.51%6.1%9.34%5.94%7.27%6.18%7.94%7.91%5.91%7.4%
Other Income9.663.6622.597.185.844.2312.143.1722.545.492.682.99
Interest48.3644.4547.2846.954342.2641.1345.0638.5333.230.4431.26
Depreciation56.5447.4949.8370.2666.362.3962.9463.0463.3762.4464.6666.09
Profit before tax-26.65-14.273.1764.8612862.5810874.0513611892.64128
Tax %12.53%-1.19%33.44%-451.7%21.48%27.92%26.41%24.02%15.27%26.58%26.98%6.9%
Net Profit-23.31-14.442.1135810145.1179.5656.2611586.6367.65119
EPS in Rs-1.82-0.880.1424.985.592.955.212.986.925.674.432.10

All values in Rs. Crore unless otherwise stated. Source: CMIE Prowess, Quarterly Interim Standalone.

Shareholding Pattern

HolderMar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters75.00%75.00%75.00%75.00%75.00%
FII3.92%3.99%4.30%4.36%4.45%
DII12.79%13.03%12.75%12.40%11.35%
Public6.79%6.42%6.40%6.57%7.33%
Others1.50%1.56%1.55%1.67%1.87%
Mar 2026
Promoters
FII
DII
Public
Others