Valuation Update With 7 Day Price Move • Jul 15
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹4.70, the stock trades at a trailing P/E ratio of 27.5x. Average trailing P/E is 32x in the Electronic industry in India. Total loss to shareholders of 67% over the past three years. Reported Earnings • May 31
Full year 2026 earnings released: EPS: ₹0.17 (vs ₹0.031 in FY 2025) Full year 2026 results: EPS: ₹0.17 (up from ₹0.031 in FY 2025). Revenue: ₹1.37b (up 26% from FY 2025). Net income: ₹33.2m (up 444% from FY 2025). Profit margin: 2.4% (up from 0.6% in FY 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 36% per year, which means it is significantly lagging earnings. Duyuru • May 22
Variman Global Enterprises Limited to Report Q4, 2026 Results on May 29, 2026 Variman Global Enterprises Limited announced that they will report Q4, 2026 results on May 29, 2026 Valuation Update With 7 Day Price Move • Apr 11
Investor sentiment improves as stock rises 27% After last week's 27% share price gain to ₹3.83, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 29x in the Electronic industry in India. Total loss to shareholders of 72% over the past three years. Valuation Update With 7 Day Price Move • Mar 26
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹3.04, the stock trades at a trailing P/E ratio of 22x. Average trailing P/E is 25x in the Electronic industry in India. Total loss to shareholders of 78% over the past three years. Valuation Update With 7 Day Price Move • Mar 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹3.84, the stock trades at a trailing P/E ratio of 27.8x. Average trailing P/E is 25x in the Electronic industry in India. Total loss to shareholders of 75% over the past three years. Reported Earnings • Feb 14
Third quarter 2026 earnings released: EPS: ₹0.06 (vs ₹0.03 in 3Q 2025) Third quarter 2026 results: EPS: ₹0.06 (up from ₹0.03 in 3Q 2025). Revenue: ₹350.5m (up 11% from 3Q 2025). Net income: ₹12.5m (up 96% from 3Q 2025). Profit margin: 3.6% (up from 2.0% in 3Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 16% per year but the company’s share price has fallen by 31% per year, which means it is significantly lagging earnings. Duyuru • Feb 05
Variman Global Enterprises Limited to Report Q3, 2026 Results on Feb 12, 2026 Variman Global Enterprises Limited announced that they will report Q3, 2026 results on Feb 12, 2026 Valuation Update With 7 Day Price Move • Feb 02
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to ₹4.30, the stock trades at a trailing P/E ratio of 40.4x. Average trailing P/E is 27x in the Electronic industry in India. Total loss to shareholders of 78% over the past three years. New Risk • Feb 01
New major risk - Market cap size The company's market capitalization is less than US$10m. Market cap: ₹879.5m (US$9.59m) This is considered a major risk. Companies with a small market capitalization are most likely businesses that have not yet released a product to market or are simply a very small company without a wide reach. Either way, risk is elevated with these companies because there is a chance the product may not come to fruition or the company's addressable market or demand may not be as large as expected. In addition, if the company's size is the main factor, it is less likely to have many investors and analysts following it and scrutinizing its performance and outlook. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Market cap is less than US$10m (₹879.5m market cap, or US$9.59m). Minor Risk Share price has been volatile over the past 3 months (8.4% average weekly change). Valuation Update With 7 Day Price Move • Jan 14
Investor sentiment deteriorates as stock falls 22% After last week's 22% share price decline to ₹5.08, the stock trades at a trailing P/E ratio of 47.7x. Average trailing P/E is 34x in the Electronic industry in India. Total loss to shareholders of 75% over the past three years. New Risk • Jan 13
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.1x net interest cover). Share price has been highly volatile over the past 3 months (8.5% average weekly change). Minor Risk Market cap is less than US$100m (₹1.06b market cap, or US$11.7m). Reported Earnings • Nov 15
Second quarter 2026 earnings released: EPS: ₹0.005 (vs ₹0.02 in 2Q 2025) Second quarter 2026 results: EPS: ₹0.005 (down from ₹0.02 in 2Q 2025). Revenue: ₹237.5m (down 26% from 2Q 2025). Net income: ₹868.0k (down 78% from 2Q 2025). Profit margin: 0.4% (down from 1.2% in 2Q 2025). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 32% per year, which means it is performing significantly worse than earnings. Valuation Update With 7 Day Price Move • Nov 12
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹7.24, the stock trades at a trailing P/E ratio of 59.3x. Average trailing P/E is 37x in the Electronic industry in India. Total loss to shareholders of 70% over the past three years. Duyuru • Nov 08
Variman Global Enterprises Limited to Report Q2, 2026 Results on Nov 13, 2025 Variman Global Enterprises Limited announced that they will report Q2, 2026 results on Nov 13, 2025 New Risk • Oct 30
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 6.8% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Interest payments are not well covered by earnings (0.2x net interest cover). Minor Risks Share price has been volatile over the past 3 months (6.8% average weekly change). Market cap is less than US$100m (₹1.64b market cap, or US$18.6m). Valuation Update With 7 Day Price Move • Oct 28
Investor sentiment deteriorates as stock falls 18% After last week's 18% share price decline to ₹8.89, the stock trades at a trailing P/E ratio of 72.9x. Average trailing P/E is 39x in the Electronic industry in India. Total loss to shareholders of 63% over the past three years. Board Change • Sep 02
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 4 non-independent directors. Independent Director Khushboo Joshi was the last independent director to join the board, commencing their role in 2025. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Duyuru • Aug 26
Variman Global Enterprises Limited, Annual General Meeting, Sep 16, 2025 Variman Global Enterprises Limited, Annual General Meeting, Sep 16, 2025, at 11:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2026 earnings released: EPS: ₹0.10 (vs ₹0.01 in 1Q 2025) First quarter 2026 results: EPS: ₹0.10 (up from ₹0.01 in 1Q 2025). Revenue: ₹337.2m (up 43% from 1Q 2025). Net income: ₹19.7m (up ₹17.6m from 1Q 2025). Profit margin: 5.8% (up from 0.9% in 1Q 2025). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 4% per year but the company’s share price has fallen by 10% per year, which means it is performing significantly worse than earnings. Duyuru • Aug 09
Variman Global Enterprises Limited to Report Q1, 2026 Results on Aug 13, 2025 Variman Global Enterprises Limited announced that they will report Q1, 2026 results on Aug 13, 2025 Duyuru • Jul 07
Variman Global Enterprises Limited Approves the Appointment of Khushboo Joshi as an Independent Director and Mounika Pammi as Non-Executive Director Variman Global Enterprises Limited informed the Exchange that the Extraordinary General Meeting of the company was held on 05.07.2025, the shareholders approved the appointment of Mrs. Khushboo Joshi (Din: 10864386) as an Independent Director of the Company and appointment of Mrs. Mounika Pammi (Din: 11111376) as a Non-Executive Director of the Company. Board Change • Jul 01
Insufficient new directors No new directors have joined the board in the last 3 years. The company's board is composed of: No new directors. 2 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Rama Chelikam was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Reported Earnings • Jun 02
Full year 2025 earnings released: EPS: ₹0.04 (vs ₹0.055 in FY 2024) Full year 2025 results: EPS: ₹0.04 (down from ₹0.055 in FY 2024). Revenue: ₹1.15b (up 1.5% from FY 2024). Net income: ₹6.11m (down 43% from FY 2024). Profit margin: 0.5% (down from 0.9% in FY 2024). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 15% per year whereas the company’s share price has fallen by 14% per year. Duyuru • May 21
Variman Global Enterprises Limited to Report Q4, 2025 Results on May 30, 2025 Variman Global Enterprises Limited announced that they will report Q4, 2025 results on May 30, 2025 New Risk • Apr 11
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 8.7% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risk Debt is not well covered by operating cash flow (8.6% operating cash flow to total debt). Minor Risks Share price has been volatile over the past 3 months (8.7% average weekly change). Profit margins are more than 30% lower than last year (0.9% net profit margin). Market cap is less than US$100m (₹1.95b market cap, or US$22.7m). Duyuru • Apr 01
Variman Global Enterprises Limited Approves Executive Changes, Effective April 1, 2025 Variman Global Enterprises Limited announced that at its board meeting held on April 1, 2025, approved the resignation of Mrs. Madhu Mala Solanki from the position of company secretary and compliance officer of the company with effect from April 1, 2025; Appointment of Mrs. Priyanka Agarwal as company secretary and compliance officer of the company with effect from April 1, 2025. Privanka Agarwal is a qualified Company ~Secretary (CS) and BCom graduate with over 4 years of experience in corporate governance, compliance, and secretarial services. In addition She serves as an Independent Director on the boards of listed Companies where she contributes to enhance corporate governance practices, risk management and Board effectiveness. She is committed in promoting best practices in governance and transparency. Reported Earnings • Feb 16
Third quarter 2025 earnings released: EPS: ₹0.03 (vs ₹0.02 loss in 3Q 2024) Third quarter 2025 results: EPS: ₹0.03 (up from ₹0.02 loss in 3Q 2024). Revenue: ₹340.3m (up 26% from 3Q 2024). Net income: ₹6.37m (up ₹10.1m from 3Q 2024). Profit margin: 1.9% (up from net loss in 3Q 2024). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has fallen by 12% per year whereas the company’s share price has fallen by 9% per year. Duyuru • Feb 08
Variman Global Enterprises Limited to Report Q3, 2025 Results on Feb 13, 2025 Variman Global Enterprises Limited announced that they will report Q3, 2025 results on Feb 13, 2025 Duyuru • Nov 09
Variman Global Enterprises Limited to Report Q2, 2025 Results on Nov 13, 2024 Variman Global Enterprises Limited announced that they will report Q2, 2025 results on Nov 13, 2024 Duyuru • Sep 04
Variman Global Enterprises Limited, Annual General Meeting, Sep 25, 2024 Variman Global Enterprises Limited, Annual General Meeting, Sep 25, 2024, at 11:00 Indian Standard Time. Reported Earnings • Aug 14
First quarter 2025 earnings released: EPS: ₹0.01 (vs ₹0.045 in 1Q 2024) First quarter 2025 results: EPS: ₹0.01 (down from ₹0.045 in 1Q 2024). Revenue: ₹251.5m (down 15% from 1Q 2024). Net income: ₹2.04m (down 76% from 1Q 2024). Profit margin: 0.8% (down from 2.9% in 1Q 2024). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 21% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Reported Earnings • Jun 05
Full year 2024 earnings released: EPS: ₹0.07 (vs ₹0.085 in FY 2023) Full year 2024 results: EPS: ₹0.07 (down from ₹0.085 in FY 2023). Revenue: ₹1.13b (down 2.4% from FY 2023). Net income: ₹11.3m (down 31% from FY 2023). Profit margin: 1.0% (down from 1.4% in FY 2023). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 19% per year but the company’s share price has increased by 79% per year, which means it is tracking significantly ahead of earnings growth. Board Change • Feb 22
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Non-Executive Independent Director Rama Chelikam was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Feb 22
Variman Global Enterprises Limited announced that it expects to receive INR 345.15 million in funding from a group of investors Variman Global Enterprises Limited announced a private placement of 69,030,000 convertible warrants at a price of INR 5 per warrant for gross proceeds of INR 345,150,000 on February 21, 2024. The warrants will be convertible into one common share of the company at INR 15 per share and will mature in 18 months from the date of the allotment. The securities will be issued on preferential basis. The transaction included participation from new investors Sirish Dayata for 15,700,000 warrants, Global Focus Fund for 3,000,000 warrants, Vaneet Aggarwal for 2,500,000 warrants, and other investors. Duyuru • Feb 07
Variman Global Enterprises Limited to Report Q3, 2024 Results on Feb 13, 2024 Variman Global Enterprises Limited announced that they will report Q3, 2024 results on Feb 13, 2024 New Risk • Jan 19
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.2% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.3x net interest cover). Share price has been highly volatile over the past 3 months (9.2% average weekly change). High level of non-cash earnings (43% accrual ratio). Minor Risk Market cap is less than US$100m (₹4.16b market cap, or US$50.1m). Reported Earnings • Nov 20
Second quarter 2024 earnings released: EPS: ₹0.11 (vs ₹0.02 in 2Q 2023) Second quarter 2024 results: EPS: ₹0.11 (up from ₹0.02 in 2Q 2023). Revenue: ₹335.3m (up 22% from 2Q 2023). Net income: ₹21.0m (up ₹17.8m from 2Q 2023). Profit margin: 6.3% (up from 1.2% in 2Q 2023). The increase in margin was driven by higher revenue. New Risk • Oct 28
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 9.5% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Share price has been highly volatile over the past 3 months (9.5% average weekly change). High level of non-cash earnings (25% accrual ratio). Minor Risks Shareholders have been diluted in the past year (6.6% increase in shares outstanding). Market cap is less than US$100m (₹2.43b market cap, or US$29.1m). Duyuru • Sep 09
Variman Global Enterprises Limited, Annual General Meeting, Sep 30, 2023 Variman Global Enterprises Limited, Annual General Meeting, Sep 30, 2023, at 11:00 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Balance Sheet as at March 31, 2023, the Statement of Profit & Loss and Cash Flow Statement (including consolidated financial statements) for the year ended on that date together with the Notes attached thereto, along with the Reports of Auditors and Directors thereon; to appoint a Director in place of Mrs. B. Srilatha who retires by rotation and being eligible, offers herself for re-appointment; to consider re-appointment of Mr. Sirish Dayata as Managing Director of the company; to consider re-appointment of Mr. Praveen Dyta as Whole-Time Director of the company; and to consider other matters. Duyuru • Aug 07
Variman Global Enterprises Limited to Report Q1, 2024 Results on Aug 14, 2023 Variman Global Enterprises Limited announced that they will report Q1, 2024 results on Aug 14, 2023 New Risk • Aug 01
New major risk - Share price stability The company's share price has been highly volatile over the past 3 months. It is more volatile than 90% of Indian stocks, typically moving 8.9% a week. This is considered a major risk. Share price volatility increases the risk of potential losses in the short-term as the stock tends to have larger drops in price more frequently than other stocks. It may also indicate the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (0.2x net interest cover). Share price has been highly volatile over the past 3 months (8.9% average weekly change). High level of non-cash earnings (23% accrual ratio). Minor Risks Shareholders have been diluted in the past year (7.7% increase in shares outstanding). Market cap is less than US$100m (₹2.83b market cap, or US$34.4m). Reported Earnings • Jun 03
Full year 2023 earnings released: EPS: ₹0.09 (vs ₹0.028 in FY 2022) Full year 2023 results: EPS: ₹0.09 (up from ₹0.028 in FY 2022). Revenue: ₹1.20b (up 56% from FY 2022). Net income: ₹9.55m (up 101% from FY 2022). Profit margin: 0.8% (up from 0.6% in FY 2022). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 69% per year but the company’s share price has increased by 124% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • May 25
Variman Global Enterprises Limited to Report Q4, 2023 Results on May 30, 2023 Variman Global Enterprises Limited announced that they will report Q4, 2023 results on May 30, 2023 Board Change • Apr 26
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 4 experienced directors. 2 highly experienced directors. Additional Non-Executive Independent Director Rama Chelikam was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Duyuru • Feb 05
Variman Global Enterprises Limited to Report Q3, 2023 Results on Feb 13, 2023 Variman Global Enterprises Limited announced that they will report Q3, 2023 results on Feb 13, 2023 Reported Earnings • Nov 20
Second quarter 2023 earnings released: EPS: ₹0.02 (vs ₹0.021 loss in 2Q 2022) Second quarter 2023 results: EPS: ₹0.02 (up from ₹0.021 loss in 2Q 2022). Revenue: ₹281.6m (up 425% from 2Q 2022). Net income: ₹3.17m (up ₹7.17m from 2Q 2022). Profit margin: 1.1% (up from net loss in 2Q 2022). The move to profitability was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 10% per year but the company’s share price has increased by 189% per year, which means it is tracking significantly ahead of earnings growth. Duyuru • Nov 03
Variman Global Enterprises Limited to Report Q2, 2023 Results on Nov 11, 2022 Variman Global Enterprises Limited announced that they will report Q2, 2023 results at 3:00 PM, Indian Standard Time on Nov 11, 2022 Valuation Update With 7 Day Price Move • Aug 11
Investor sentiment deteriorated over the past week After last week's 46% share price decline to ₹20.80, the stock trades at a trailing P/E ratio of 79.2x. Average trailing P/E is 26x in the Electronic industry in India. Total returns to shareholders of 876% over the past three years. Duyuru • Jul 30
Variman Global Enterprises Limited to Report Q1, 2023 Results on Aug 12, 2022 Variman Global Enterprises Limited announced that they will report Q1, 2023 results on Aug 12, 2022 Reported Earnings • Jul 10
Full year 2022 earnings released: EPS: ₹0.28 (vs ₹0.57 in FY 2021) Full year 2022 results: EPS: ₹0.28 (down from ₹0.57 in FY 2021). Revenue: ₹767.1m (up 30% from FY 2021). Net income: ₹4.74m (down 51% from FY 2021). Profit margin: 0.6% (down from 1.6% in FY 2021). The decrease in margin was driven by higher expenses. Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 169% per year, which means it is well ahead of earnings. Duyuru • Jun 23
Variman Global Enterprises Limited Announces Board Changes Variman Global Enterprises Limited that at the Board meeting held on 22 June 2022, the company has approved resignation of Mr. Gangasani Aditya as an Independent Director of the Company effective 22 June 2022. The board approved appointment of Mr. Rama Chandram Chelikam as an additional director (non-executive independent category) of the Company effective 22 June 2022. Reported Earnings • Feb 13
Third quarter 2022 earnings: Revenues in line with analyst expectations Third quarter 2022 results: Revenue: ₹305.5m (up 118% from 3Q 2021). Net income: ₹3.57m (up 51% from 3Q 2021). Profit margin: 1.2% (down from 1.7% in 3Q 2021). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Executive Departure • Jul 15
CFO & Whole-time Director Omprakash Kovuri has left the company During their tenure, the company went from making losses to turning a profit. On the 7th of July, Omprakash Kovuri left the company after 3.2 in the role. We don't have any record of a personal shareholding under Omprakash's name. A total of 2 executives have left over the last 12 months. Reported Earnings • Jul 03
Full year 2021 earnings released: EPS ₹0.57 (vs ₹0.35 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: ₹588.3m (down 3.6% from FY 2020). Net income: ₹4.91m (down 17% from FY 2020). Profit margin: 0.8% (down from 1.0% in FY 2020). The decrease in margin was driven by lower revenue. Over the last 3 years on average, earnings per share has increased by 43% per year but the company’s share price has increased by 76% per year, which means it is tracking significantly ahead of earnings growth. Executive Departure • Mar 25
Independent Director has left the company On the 19th of March, Satyanarayana Atchuta's tenure as Independent Director ended after 1.1 years in the role. As of December 2020, Satyanarayana personally held only 250.00k shares (₹3.5m worth at the time). Satyanarayana is the only executive to leave the company over the last 12 months. Duyuru • Mar 21
Variman Global Enterprises Limited Announces Resignation of Satyanarayana Atchuta as Independent Director Variman Global Enterprises Limited announced that at the meeting of the Board of Directors of Variman Global Enterprises Limited held has approved the resignation of Mr. Satyanarayana Atchuta as Independent Director with effect from March 19, 2021. Is New 90 Day High Low • Mar 04
New 90-day high: ₹16.68 The company is up 9.0% from its price of ₹15.29 on 04 December 2020. The Indian market is up 17% over the last 90 days, indicating the company underperformed over that time. It also underperformed the Electronic industry, which is up 46% over the same period. Reported Earnings • Feb 14
Third quarter 2021 earnings released The company reported a soft third quarter result with weaker earnings and revenues, although profit margins were improved. Third quarter 2021 results: Revenue: ₹139.9m (down 7.7% from 3Q 2020). Net income: ₹2.37m (down 2.0% from 3Q 2020). Profit margin: 1.7% (up from 1.6% in 3Q 2020). The increase in margin was driven by lower expenses. Duyuru • Jan 29
Variman Global Enterprises Limited to Report Q3, 2021 Results on Feb 11, 2021 Variman Global Enterprises Limited announced that they will report Q3, 2021 results on Feb 11, 2021 Duyuru • Dec 04
Variman Global Enterprises Limited, Annual General Meeting, Dec 26, 2020 Variman Global Enterprises Limited, Annual General Meeting, Dec 26, 2020, at 12:30 Indian Standard Time. Agenda: To receive, consider and adopt the Audited Balance Sheet as at March 31, 2020, the Statement of Profit & Loss and Cash Flow Statement (including consolidated financial statements) for the year ended on that date together with the Notes attached thereto, along with the Reports of Auditors and Directors thereon; to appoint a Director in place of Mrs. B. Srilatha (DIN: 07119436) who retires by rotation and being eligible, offers herself for re-appointment; and to consider other matters. Duyuru • Nov 05
Variman Global Enterprises Limited to Report Q2, 2021 Results on Nov 13, 2020 Variman Global Enterprises Limited announced that they will report Q2, 2021 results on Nov 13, 2020 Valuation Update With 7 Day Price Move • Nov 03
Market pulls back on stock over the past week After last week's 16% share price decline to ₹13.48, the stock is trading at a trailing P/E ratio of 61.8x, down from the previous P/E ratio of 73.4x. This compares to an average P/E of 19x in the Electronic industry in India. Total returns to shareholders over the past three years are 190%. Duyuru • Jun 21
Variman Global Enterprises Limited to Report Q4, 2020 Results on Jun 29, 2020 Variman Global Enterprises Limited announced that they will report Q4, 2020 results on Jun 29, 2020