540180 Stock Overview
Varun Beverages Limited, together with its subsidiaries, operates as the franchisee of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo.
Varun Beverages Competitors
Price History & Performance
|Historical stock prices|
|Current Share Price||₹794.30|
|52 Week High||₹808.65|
|52 Week Low||₹473.33|
|1 Month Change||8.35%|
|3 Month Change||25.07%|
|1 Year Change||65.61%|
|3 Year Change||182.66%|
|5 Year Change||405.71%|
|Change since IPO||480.38%|
Recent News & Updates
|540180||IN Beverage||IN Market|
Return vs Industry: 540180 exceeded the Indian Beverage industry which returned 25.5% over the past year.
Return vs Market: 540180 exceeded the Indian Market which returned -0.3% over the past year.
|540180 Average Weekly Movement||5.0%|
|Beverage Industry Average Movement||5.6%|
|Market Average Movement||6.8%|
|10% most volatile stocks in IN Market||9.8%|
|10% least volatile stocks in IN Market||4.4%|
Stable Share Price: 540180 is less volatile than 75% of Indian stocks over the past 3 months, typically moving +/- 5% a week.
Volatility Over Time: 540180's weekly volatility (5%) has been stable over the past year.
About the Company
Varun Beverages Limited, together with its subsidiaries, operates as the franchisee of carbonated soft drinks (CSDs) and non-carbonated beverages (NCBs) sold under trademarks owned by PepsiCo. The company manufactures, bottles, distributes, and sells a range of CSDs under the Pepsi, Diet Pepsi, Seven-Up, Mirinda Orange, Mirinda Lemon, Mountain Dew, Seven-Up Nimbooz Masala Soda, Evervess Soda, Duke’s Soda, Sting, Pepsi Black, Mountain Dew Ice, Slice Fizzy, and Teem brands. It also produces and distributes NCBs under the of Tropicana Slice, Tropicana Juices, Seven-Up Nimbooz, Gatorade, and Quaker Oats Milk brand names, as well as packaged drinking water under the Aquafina and Aquavess brand names.
Varun Beverages Fundamentals Summary
|540180 fundamental statistics|
Is 540180 overvalued?See Fair Value and valuation analysis
Earnings & Revenue
|540180 income statement (TTM)|
|Cost of Revenue||₹44.15b|
Last Reported Earnings
Mar 31, 2022
Next Earnings Date
|Earnings per share (EPS)||12.61|
|Net Profit Margin||8.70%|
How did 540180 perform over the long term?See historical performance and comparison
0.2%Current Dividend Yield
Is 540180 undervalued compared to its fair value, analyst forecasts and its price relative to the market?
Valuation Score 1/6
Price-To-Earnings vs Peers
Price-To-Earnings vs Industry
Price-To-Earnings 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 540180?
Other financial metrics that can be useful for relative valuation.
|What is 540180's n/a Ratio?|
Price to Earnings Ratio vs Peers
How does 540180's PE Ratio compare to its peers?
|540180 PE Ratio vs Peers|
|Company||PE||Estimated Growth||Market Cap|
MCDOWELL-N United Spirits
532478 United Breweries
542802 Galactico Services
540180 Varun Beverages
Price-To-Earnings vs Peers: 540180 is good value based on its Price-To-Earnings Ratio (63x) compared to the peer average (92.2x).
Price to Earnings Ratio vs Industry
How does 540180's PE Ratio compare vs other companies in the Asian Beverage Industry?
Price-To-Earnings vs Industry: 540180 is expensive based on its Price-To-Earnings Ratio (63x) compared to the Indian Beverage industry average (19.5x)
Price to Earnings Ratio vs Fair Ratio
What is 540180's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.
|Current PE Ratio||63x|
|Fair PE Ratio||32.7x|
Price-To-Earnings vs Fair Ratio: 540180 is expensive based on its Price-To-Earnings Ratio (63x) compared to the estimated Fair Price-To-Earnings Ratio (32.7x).
Share Price vs Fair Value
What is the Fair Price of 540180 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.
Below Fair Value: 540180 (₹794.3) is trading above our estimate of fair value (₹370.65)
Significantly Below Fair Value: 540180 is trading above our estimate of fair value.
Price to Earnings Growth Ratio
PEG Ratio: 540180 is poor value based on its PEG Ratio (2.8x)
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How is Varun Beverages forecast to perform in the next 1 to 3 years based on estimates from 13 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: 540180's forecast earnings growth (22.2% per year) is above the savings rate (6.8%).
Earnings vs Market: 540180's earnings (22.2% per year) are forecast to grow faster than the Indian market (17.3% per year).
High Growth Earnings: 540180's earnings are expected to grow significantly over the next 3 years.
Revenue vs Market: 540180's revenue (12.3% per year) is forecast to grow faster than the Indian market (11.5% per year).
High Growth Revenue: 540180's revenue (12.3% per year) is forecast to grow slower than 20% per year.
Earnings per Share Growth Forecasts
Future Return on Equity
Future ROE: 540180's Return on Equity is forecast to be high in 3 years time (24.5%)
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How has Varun Beverages performed over the past 5 years?
Past Performance Score6/6
Past Performance Score 6/6
Growing Profit Margin
Earnings vs Industry
Historical annual earnings growth
Earnings and Revenue History
Quality Earnings: 540180 has high quality earnings.
Growing Profit Margin: 540180's current net profit margins (8.7%) are higher than last year (5.7%).
Past Earnings Growth Analysis
Earnings Trend: 540180's earnings have grown significantly by 23% per year over the past 5 years.
Accelerating Growth: 540180's earnings growth over the past year (103.1%) exceeds its 5-year average (23% per year).
Earnings vs Industry: 540180 earnings growth over the past year (103.1%) exceeded the Beverage industry 29.6%.
Return on Equity
High ROE: 540180's Return on Equity (21%) is considered high.
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How is Varun Beverages's financial position?
Financial Health Score4/6
Financial Health Score 4/6
Short Term Liabilities
Long Term Liabilities
Financial Position Analysis
Short Term Liabilities: 540180's short term assets (₹25.5B) do not cover its short term liabilities (₹30.2B).
Long Term Liabilities: 540180's short term assets (₹25.5B) exceed its long term liabilities (₹23.6B).
Debt to Equity History and Analysis
Debt Level: 540180's net debt to equity ratio (77.1%) is considered high.
Reducing Debt: 540180's debt to equity ratio has reduced from 85.5% to 80.7% over the past 5 years.
Debt Coverage: 540180's debt is well covered by operating cash flow (36.4%).
Interest Coverage: 540180's interest payments on its debt are well covered by EBIT (8.3x coverage).
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What is Varun Beverages's current dividend yield, its reliability and sustainability?
Dividend Score 2/6
Future Dividend Coverage
Current Dividend Yield
Dividend Yield vs Market
Notable Dividend: 540180's dividend (0.21%) isn’t notable compared to the bottom 25% of dividend payers in the Indian market (0.42%).
High Dividend: 540180's dividend (0.21%) is low compared to the top 25% of dividend payers in the Indian market (1.86%).
Stability and Growth of Payments
Stable Dividend: Whilst dividend payments have been stable, 540180 has been paying a dividend for less than 10 years.
Growing Dividend: 540180's dividend payments have increased, but the company has only paid a dividend for 5 years.
Earnings Payout to Shareholders
Earnings Coverage: With its low payout ratio (13.2%), 540180's dividend payments are thoroughly covered by earnings.
Cash Payout to Shareholders
Cash Flow Coverage: With its reasonably low cash payout ratio (27.3%), 540180's dividend payments are well covered by cash flows.
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How experienced are the management team and are they aligned to shareholders interests?
Average management tenure
Varun Beverages has no CEO, or we have no data on them.
Experienced Management: 540180's management team is not considered experienced ( 0.9 years average tenure), which suggests a new team.
Experienced Board: 540180's board of directors are considered experienced (6.5 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.
Recent Insider Transactions
Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.
Varun Beverages Limited's employee growth, exchange listings and data sources
- Name: Varun Beverages Limited
- Ticker: 540180
- Exchange: BSE
- Founded: 1995
- Industry: Soft Drinks
- Sector: Food, Beverage & Tobacco
- Implied Market Cap: ₹515.937b
- Shares outstanding: 649.55m
- Website: https://www.varunpepsi.com
Number of Employees
- Varun Beverages Limited
- RJ Corp House
- Plot No. 31
Company Analysis and Financial Data Status
|Data||Last Updated (UTC time)|
|Company Analysis||2022/07/03 00:00|
|End of Day Share Price||2022/07/01 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.