VARROCAutomobile and Auto Components

Varroc Engineering Limited

Auto Components & Equipments · ISIN INE665L01035 · BSE 541578 · NSE EQ · FV ₹1
Last price
₹846
-0.59%today
What this company does

Varroc Engineering Limited operates in Auto Components & Equipments, part of the Automobile and Auto Components sector. It booked ₹2,634 cr of revenue in its latest quarter (Q1 FY27) and kept 2.9% of sales as profit.

In the report:
53out of 100
Equitytale Health Score
Mixed

Healthier than 53% of companies in Automobile and Auto Components, on all six measures of filed financials. Each measure is ranked against the 38–48 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
56

At close. Not part of the score.

Profitability & returns51

How much profit it earns on the money it employs

Balance sheet32

How much it owes, and whether earnings cover the interest

Cash quality83

Whether reported profit actually arrives as cash

Growth & consistency35

Whether sales and profit have grown, and how steadily

Valuation41

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 30% vs last year
Promoters hold 75%
No promoter shares pledged
Strong 17% return on equity
Turns profit into real cash
Watch-outs
! Thin 2.9% net margin
! Profit down 26% vs last year

What if I invest in VARROC?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹846 -0.59%
latest close · 2026-09-17
1-year return
+185.8%
52-wk low ₹26052-wk high ₹896
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio41.8High
LowAverageHigh
P/B ratio7.26High
Below bookModerateHigh
EV / EBITDA14.8Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity17.4%Strong
WeakFairStrong ▸15%
Return on capital25.6%Strong
WeakFairStrong
Net margin2.9%Thin
ThinDecentStrong
EBITDA margin8.7%Thin
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.41Comfortable
LowModerateHigh ▸1
Interest cover4.7×Okay
RiskyOkayStrong ▸5×
Current ratio0.88Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹12,928 cr
Book value
₹117
EPS
₹5.06
latest quarter
Net debt
₹613 cr
owes more than its cash
Enterprise value
₹13,541 cr
EBITDA
₹912 cr
annualised
EBIT
₹575 cr
annualised
Operating margin
5.5%
Return on assets
6.3%
Earnings yield
2.39%
P/S
1.23
Sales / share
₹689.6
Tax rate
32.4%
Face value
₹1
Shares
15.3 cr
Working capital
₹-310 cr
Current assets
₹2,317 cr
Current liabilities
₹2,627 cr
Delivery %
39.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹64₹73, midpoint ₹68

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹2,634 cr
Other Income₹6 cr
Total Income₹2,640 cr
Cost of Materials₹1,687 cr
Purchases of Stock-in-Trade₹0 cr
Inventory Change (±)₹31 cr
Employee Benefit Expense₹267 cr
Finance Costs₹31 cr
Depreciation & Amortisation₹84 cr
Other Expenses₹427 cr
Total Expenses₹2,527 cr
Profit before Tax₹113 cr
Tax Expense₹37 cr
Share of JV / Associates₹1 cr
Net Profit₹78 cr
Net margin on total income2.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹1,718 cr65.0%
Employee benefit expense₹267 cr10.1%
Finance costs₹31 cr1.2%
Depreciation & amortisation₹84 cr3.2%
Other expenses₹427 cr16.2%
Tax expense₹37 cr1.4%
Profit for the period₹78 cr2.9%
Total income ₹2,640 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue2,288 cr2,368 cr2,634 cr
Total income2,292 cr2,374 cr2,640 cr
Expenses2,191 cr2,266 cr2,527 cr
Profit before tax-4 cr107 cr113 cr
Tax8 cr38 cr37 cr
Net profit (owners' share)-10 cr69 cr77 cr
Net margin (owners' share, on revenue)-0.5%2.9%2.9%
EPS (₹)-0.674.545.06
YoY (latest quarter): total income +29.9% · net profit -26.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹4,875 cr
Shareholder equity
₹1,780 cr
parent shareholders
Total debt
₹738 cr
Cash
₹125 cr
Cash flow · H1 FY26
Operating
₹366 cr
Investing
₹-25 cr
Financing
₹-336 cr
Peer comparison
Auto Components & Equipments · by market value
CompanyPriceMarket capP/E
Samvardhana Motherson International Limited₹162₹1.71 L cr41.3
Bosch Limited₹47,735₹1.41 L cr49.8
Bharat Forge Limited₹1,919₹91,740 cr
UNO Minda Limited₹1,205₹69,583 cr58.8
Schaeffler India Limited₹3,991₹62,379 cr48.0
Tube Investments of India Limited₹2,599₹50,313 cr74.6
Sona BLW Precision Forgings Limited₹778₹48,388 cr67.1
Endurance Technologies Limited₹2,691₹37,849 cr38.7
Exide Industries Limited₹419₹35,581 cr25.4
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.18%
trailing 12 months
Dividend / share (TTM)
₹1.5
Last dividend
₹1.5
ex 7 Aug 2026
ActionDetailEx-date
Dividend₹1.5 / share7 Aug 2026
Dividend₹1 / share8 Aug 2025
Dividend₹3 / share25 Feb 2020
Dividend₹4 / share8 Aug 2019
Who owns it · 2026-06-30
No pledge
Promoter
75.0%
FII / Foreign
4.3%
DII / Domestic
11.2%
Retail / others
9.5%
Smart-money activity
Bulk / block deals
short · NSE316 Sep 26
short · NSE1026 Aug 26
short · NSE110 Aug 26
Stake changes
BoughtRochana Tarang Jain (Joint holding with Mr. Tarang Jain) · promoter→ 0.00% · 5,00029 Jun 26
SoldTarang Jain · promoter→ 39.75% · 5,00029 Jun 26
BoughtHDFC Mutual Fund→ 7.21% · 33.35 L21 Nov 25
What shareholders were asked to approve
4 proposals passed only on promoter votes

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 20 Aug 2026
See the official result
1
1a) TO RECEIVE, CONSIDER AND ADOPT THE AUDITED STANDALONE FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, AND THE REPORTS OF THE BOARD OF DIRECTORS AND AUDITORS THEREON
⚑ Passed only because promoters voted yes
Backed by 17% of shareholders other than promotersneeded 50%
36.87 L votes for, 1.77 cr against · 83% of mutual funds and other big investors said no
2
1b) TO RECEIVE, CONSIDER AND ADOPT THE AUDITED CONSOLIDATED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2026, AND THE REPORT OF THE AUDITORS THEREON
⚑ Passed only because promoters voted yes
Backed by 22% of shareholders other than promotersneeded 50%
47.66 L votes for, 1.67 cr against · 78% of mutual funds and other big investors said no
3
2. DECLARATION OF FINAL DIVIDEND FOR THE FINANCIAL YEAR 2025-26
Backed by 100% of shareholders other than promotersneeded 50%
2.14 cr votes for, 61,470 against · 0% of mutual funds and other big investors said no
4
3. APPOINTMENT OF MR. ARJUN JAIN (DIN:07228175) AS A DIRECTOR, LIABLE TO RETIRE BY ROTATION
Promoters had a personal stake in this
Backed by 99% of shareholders other than promotersneeded 50%
2.13 cr votes for, 1.71 L against · 1% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 7 named members
owning 75.0% between them · as of 2026-06-30
Tarang Jain39.74%
TJ Holding Trust (Mr. Tarang Jain Held in his capacity as the family trustee of TJ Holding Trust)22.16%
Naresh Chandra Holding Trust (Mr. Naresh Chandra Held in his capacity as the family trustee of Naresh Chandra Holding Trust)6.55%
Suman Jain Holding Trust (Mrs. Suman Jain Held in her capacity as the family trustee of Suman Jain Holding Trust)6.55%
Arjun Tarang Jainno shares
Dhruv Jainno shares
Rochana Jainno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in May 2025 by commercial paper

The company has not broken this money down into purposes in its filing for Jun 2025, so there is nothing to measure it against yet.

General & Corporate purpose
spent more than set aside
of what was set aside

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.