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Varroc Engineering Ltd share Price Today

Company details

649.80
669.60
320.00
716.90
6M Return 17.66%
1Y Return 87.97%
Mkt Cap.(Cr) 10,037.28
Volume 127,954
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 127,954

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Auto Parts & Equipment company Varroc Engineering announced FY24 results:

  • Consolidated revenue from operations was Rs 75,519 million in FY24
  • Consolidated PBT margins in FY24 were at 4.2%, improved by 300 bps
  • Net Debt/Equity improves to 0.64 in FY24 from 1.27 in FY23
  • Strong new order lifetime win of Rs 87.0 billion in FY24

Tarang Jain, CMD commented, “The global economy faced several uncertainties during FY24 due to intensified conflicts in Europe and Asia. The expectations for decisive rate cuts across the world have been moderated in recent times, as underlying inflationary pressures are not easing as fast as expected. However, the risk of global recession seems to be receding now. We hope that the geo-political issues don’t escalate further. The Indian economy continues to outperform and in Q3 FY24 the GDP growth was robust 8.4%.

The automobile sector in India registered growth across all segments during FY24. The passenger vehicle segment grew by 6.9% and CV segment by 3.0%. The 3W and 2W segments registered strong growth of 16.0% and 10.3% respectively. Strong domestic demand and stable economy have enabled this growth.

In Q4FY24 on YoY basis, the automobile growth was strong with 2W growing by 26.5%, 3W by 8.4% and PV by 9.7%. The CV segment saw a marginal de-growth of 0.5%.

For the full FY24, our India operations continued to deliver strong performance with growth of over 14.1%. Our overseas business was impacted in FY24 due to significant degrowth in 2W automotive sales and heavy customer concentration in certain overseas markets.

The full year revenue was Rs. 75,519 million, the PBT for the year was Rs. 3,149 million which includes profit from our joint venture of Rs 444 miilion. The PBT margin improved by 300 basis point on YoY basis and came at 4.2%. PBT for the year. PBT was also impacted by certain onetimers like the provision of Rs.160 million created for doubtful recovery of receivables from an EV customer.

In FY24 the capex spent was Rs. 2,016 million. Thus, better profitability, tighter control on capex & working capital enabled us to reduce the net debt to below Rs. 10,000 million at Rs. 9,826 million. The Net Debt to Equity ratio improved to 0.64 in FY24 from 1.27 in FY23. The loan servicing ability also improved as our Net Debt to EBITDA improved to 1.29 in FY24 from 2.13 in FY23."

Result PDF

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Varroc Engineering Ltd shares SWOT Analysis

Strengths (7)

  • Company with high TTM EPS Growth
  • Strong Annual EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years

Weakness (1)

  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (1)

  • Highest Recovery from 52 Week Low

Threats (0)

Data not found

Resistance and support

R1 667.8
R2 678.6
R3 687.6
Pivot

658.78

S1 648.0
S2 639.0
S3 628.2
EMA SMA
657.3
618.7
580.5
531.8
669.7
604.4
557.1
539.3
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2024-06-11 674.48 918935 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Sell 2024-06-11 675.1 918935 NSE
GRAVITON RESEARCH CAPITAL LLP Bulk Purchase 2023-11-17 528.48 838298 NSE
Name Category Shares
Tarang Jain PROMOTER 39.75%
Tarang Jain PROMOTER 22.16%
Naresh Chandra PROMOTER 6.55%
Suman Jain PROMOTER 6.55%

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Varroc Engineering Ltd Stocks COMPARISON

Financials( in Cr) Varroc Engineering Ltd Samvardhana Motherson International Ltd Bosch Ltd Uno Minda Ltd Exide Industries Ltd
Price 656.95 196.82 35,139.05 1,022.00 559.05
% Change -1.05 -1.84 -0.71 -3.61 -1.48
Mcap Cr 10,037.28 133,373.52 103,639.11 58,672.51 47,519.25
Revenue TTM Cr 6,863.07 78,700.70 16,727.10 11,236.49 16,769.73
Net Profit TTM Cr -817.13 1,669.60 2,490.20 700.23 882.82
PE TTM 18.41 46.19 56.21 68.10 56.11
1 Year Return 87.97 116.76 82.67 77.49 122.64
ROCE 0.00 8.59 20.31 18.68 10.38
ROE 0.00 7.76 15.98 18.44 7.35
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 976.20 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 22,015.43 44,980.72
LAST 3M 106,765.53 41,611.09
LAST 6M 195,525.59 13,104.33
LAST 12M 310,530.02 79,314.43

Varroc Engineering Ltd Information

Stock PE (TTM)
18.41
Promoter Holding
75%
Book Value
97.9825
ROCE
0%
ROE
0%
Registered Address

L-4 MIDC, Waluj, Aurangabad (Maharashtra), Maharashtra, 431136

Tel : 91-240-6653700/6653699
Email : investors:varroc.com; varroc.info:varroc.com
Website : http://www.varroc.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 541578
NSE Code : VARROC
Book Closure Date (Month) :
BSE Group : A
ISIN : INE665L01035

FAQ’s on Varroc Engineering Ltd Shares

You can buy Varroc Engineering Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Varroc Engineering Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 12, 2024 04:04 PM the closing price of Varroc Engineering Ltd was Rs.656.95.

The latest PE ratio of Varroc Engineering Ltd as of Jul 12, 2024 04:04 PM is 18.41

The latest PB ratio of Varroc Engineering Ltd as of Jul 12, 2024 04:04 PM is 0.15

The 52-week high of Varroc Engineering Ltd share price is Rs. 716.90 while the 52-week low is Rs. 320.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 12, 2024 04:04 PM, the market cap of Varroc Engineering Ltd stood at Rs. 10,037.28 Cr.

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