VARROC Stock Overview
Varroc Engineering Limited designs, manufactures, and supplies exterior lighting systems, plastic and polymer components, electrical and electronics components, and precision metallic components worldwide.
Varroc Engineering Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹310.70|
|52 Week High||₹493.85|
|52 Week Low||₹260.00|
|1 Month Change||-11.17%|
|3 Month Change||-2.88%|
|1 Year Change||-16.42%|
|3 Year Change||-34.49%|
|5 Year Change||n/a|
|Change since IPO||-70.05%|
Recent News & Updates
Here's Why Varroc Engineering (NSE:VARROC) Is Weighed Down By Its Debt Load
Some say volatility, rather than debt, is the best way to think about risk as an investor, but Warren Buffett famously...
Should You Think About Buying Varroc Engineering Limited (NSE:VARROC) Now?
While Varroc Engineering Limited ( NSE:VARROC ) might not be the most widely known stock at the moment, it saw a decent...
|VARROC||IN Auto Components||IN Market|
Return vs Industry: VARROC underperformed the Indian Auto Components industry which returned -9.7% over the past year.
Return vs Market: VARROC underperformed the Indian Market which returned -1.7% over the past year.
|VARROC Average Weekly Movement||9.0%|
|Auto Components Industry Average Movement||6.1%|
|Market Average Movement||6.9%|
|10% most volatile stocks in IN Market||9.9%|
|10% least volatile stocks in IN Market||4.5%|
Stable Share Price: VARROC is more volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 9% a week.
Volatility Over Time: VARROC's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.
About the Company
Varroc Engineering Limited designs, manufactures, and supplies exterior lighting systems, plastic and polymer components, electrical and electronics components, and precision metallic components worldwide. It operates through Automotive and Others segments. The company offers unpainted and painted body parts; exterior and interior systems; seating systems; mirror systems; air filters; automotive accessories; lighting systems; instrument clusters; catalytic converters; switches; motors and magnetos; electronics; traction motors and controllers; DC-DC converters; and engine valves.
Varroc Engineering Fundamentals Summary
|VARROC fundamental statistics|
Is VARROC overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|VARROC income statement (TTM)|
|Cost of Revenue||₹38.49b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||-5.33|
|Net Profit Margin||-1.39%|
How did VARROC perform over the long term?See historical performance and comparison
Is VARROC undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 2/6
Price-To-Sales vs Peers
Price-To-Sales vs Industry
Price-To-Sales vs Fair Ratio
Below Fair Value
Significantly Below Fair Value
Key Valuation Metric
Which metric is best to use when looking at relative valuation for VARROC?
Other financial metrics that can be useful for relative valuation.
|What is VARROC's n/a Ratio?|
Price to Sales Ratio vs Peers
How does VARROC's PS Ratio compare to its peers?
|VARROC PS Ratio vs Peers|
|Company||PS||Estimated Growth||Market Cap|
Price-To-Sales vs Peers: VARROC is good value based on its Price-To-Sales Ratio (0.8x) compared to the peer average (1.8x).
Price to Earnings Ratio vs Industry
How does VARROC's PE Ratio compare vs other companies in the Indian Auto Components Industry?
Price-To-Sales vs Industry: VARROC is expensive based on its Price-To-Sales Ratio (0.8x) compared to the Indian Auto Components industry average (0.8x)
Price to Sales Ratio vs Fair Ratio
What is VARROC's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PS Ratio||0.8x|
|Fair PS Ratio||3.8x|
Price-To-Sales vs Fair Ratio: VARROC is good value based on its Price-To-Sales Ratio (0.8x) compared to the estimated Fair Price-To-Sales Ratio (3.8x).
Share Price vs Fair Value
What is the Fair Price of VARROC when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: VARROC (₹310.7) is trading above our estimate of fair value (₹96.89)
Significantly Below Fair Value: VARROC is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: Insufficient data to calculate VARROC's PEG Ratio to determine if it is good value.
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How is Varroc Engineering forecast to perform in the next 1 to 3 years based on estimates from 7 analysts?
Future Growth Score5/6
Future Growth Score 5/6
Earnings vs Savings Rate
Earnings vs Market
High Growth Earnings
Revenue vs Market
High Growth Revenue
Forecasted annual earnings growth
Earnings and Revenue Growth Forecasts
Analyst Future Growth Forecasts
Earnings vs Savings Rate: VARROC is forecast to become profitable over the next 3 years, which is considered faster growth than the savings rate (6.7%).
Earnings vs Market: VARROC is forecast to become profitable over the next 3 years, which is considered above average market growth.
High Growth Earnings: VARROC is expected to become profitable in the next 3 years.
Revenue vs Market: VARROC's revenue (34.3% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: VARROC's revenue (34.3% per year) is forecast to grow faster than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: VARROC's Return on Equity is forecast to be low in 3 years time (15.6%).
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How has Varroc Engineering performed over the past 5 years?
Past Performance Score0/6
Past Performance Score 0/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: VARROC is currently unprofitable.
Growing Profit Margin: VARROC is currently unprofitable.
Past Earnings Growth Analysis
Earnings Trend: VARROC is unprofitable, and losses have increased over the past 5 years at a rate of 67% per year.
Accelerating Growth: Unable to compare VARROC's earnings growth over the past year to its 5-year average as it is currently unprofitable
Earnings vs Industry: VARROC is unprofitable, making it difficult to compare its past year earnings growth to the Auto Components industry (33.8%).
Return on Equity
High ROE: VARROC has a negative Return on Equity (-3.89%), as it is currently unprofitable.
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How is Varroc Engineering's financial position?
Financial Health Score2/6
Financial Health Score 2/6
Short Term Liabilities
Long Term Liabilities
Stable Cash Runway
Forecast Cash Runway
Financial Position Analysis
Short Term Liabilities: VARROC's short term assets (₹83.1B) exceed its short term liabilities (₹30.3B).
Long Term Liabilities: VARROC's short term assets (₹83.1B) exceed its long term liabilities (₹59.5B).
Debt to Equity History and Analysis
Debt Level: VARROC's net debt to equity ratio (71.3%) is considered high.
Reducing Debt: VARROC's debt to equity ratio has increased from 67.6% to 77.1% over the past 5 years.
Cash Runway Analysis
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
Stable Cash Runway: VARROC has less than a year of cash runway based on its current free cash flow.
Forecast Cash Runway: VARROC has less than a year of cash runway if free cash flow continues to reduce at historical rates of 13.8% each year
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What is Varroc Engineering current dividend yield, its reliability and sustainability?
Dividend Score 0/6
Future Dividend Coverage
Forecast Dividend Yield
Dividend Yield vs Market
Notable Dividend: Unable to evaluate VARROC's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.
High Dividend: Unable to evaluate VARROC's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.
Stability and Growth of Payments
Stable Dividend: Insufficient data to determine if VARROC's dividends per share have been stable in the past.
Growing Dividend: Insufficient data to determine if VARROC's dividend payments have been increasing.
Earnings Payout to Shareholders
Earnings Coverage: VARROC is not paying a notable dividend for the Indian market.
Cash Payout to Shareholders
Cash Flow Coverage: Unable to calculate sustainability of dividends as VARROC has not reported any payouts.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Tarang Jain (60 yo)
Mr. Tarang Jain serves as the Executive Non-Independent Chairman of the Board at Varroc Engineering Limited since November 10, 2020. He serves as the Managing Director of Varroc Engineering Ltd. since 2001...
Experienced Management: VARROC's management team is considered experienced (3.9 years average tenure).
Experienced Board: VARROC's board of directors are considered experienced (4.9 years average tenure).
Who are the major shareholders and have insiders been buying or selling?
Insider Trading Volume
Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Varroc Engineering Limited's employee growth, exchange listings and data sources
- Name: Varroc Engineering Limited
- Ticker: VARROC
- Exchange: NSEI
- Founded: 1988
- Industry: Auto Parts and Equipment
- Sector: Automobiles
- Implied Market Cap: ₹47.471b
- Shares outstanding: 152.79m
- Website: https://varroc.com
Number of Employees
- Varroc Engineering Limited
- L-4, MIDC Industrial Area
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/06/24 00:00|
|End of Day Share Price||2022/06/24 00:00|
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.