Varroc Engineering Limited share price
NSE: VARROC · ISIN INE665L01035
Key numbers
- Market cap
- ₹ 12,757 Cr
- Current price
- ₹ 834.85
- 52-week high / low
- ₹ 912 / 462
- Stock P/E
- 64.6
- Book value
- ₹ 116.6
- Dividend yield
- 0.18%
- ROCE
- 17.4%
- ROE
- 13.5%
- Debt to equity
- 0.52
- Sales growth (3 yrs)
- 8.7%
- Profit growth (3 yrs)
- -
- 1-year return
- 30.8%
About Varroc Engineering Limited
Varroc Engineering Limited provides aftermarket automotive components and solutions in India, the Asia Pacific, Europe, North America, and internationally. It operates through Automotive and Others segments. The company offers internal combustion engine parts; electrical vehicle products, such as telematics, BMS, charger, DC-DC converter, traction motor/hub motor, and traction motor controller; final drive, pump, and park lock gears; hollow stem, titanium, and sodium valves; headlamps; instrument panel, console, roof rails, door trims, and pillar trims; CMS and DMS, ADAS, telematics, surround view system, video telematics, and advanced infotainment system; and tail gate, surface LED, signature LED lighting 3D effect, and LED signal lamp personalization. It also provides engine valves, transmission components, ICE electronics, ACG and integrated starter generator, starter motors, BLDC motors, electronic fuel injection and injection driver, magneto and regular rectifier, actuator motors, starter clutch assembly, and crankpins and balancers. In addition, the company offers e-powertrain solutions, EV chargers, DC-DC converter, and battery management system; painted parts, exterior and…
Quarterly results
Consolidated figures in ₹ crores
| Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Sales | 2,028 | 2,207 | 2,288 | 2,368 | 2,634 |
| Operating profit | 192 | 202 | 212 | 230 | 223 |
| Net profit | 105 | 61 | -10 | 69 | 77 |
| EPS (₹) | 6.88 | 3.99 | -0.67 | 4.54 | 5.06 |
Concall summary (2026-08-12)
AI summary of the earnings call transcript · tone: Positive · source document
Guidance & outlook
- Our PBT before joint venture and exceptional items for quarter 1 FY27 came in at 4.3% of revenue, an improvement of 20 basis points on a year -on-year basis.
- And just a follow-up here, sir, that going ahead, we know EV volumes are expected to grow at a good 30%, 35% kind of a CAGR for next 5 years.
Growth & demand
- On a year -on-year basis, 2 -wheelers grew by 22.8%, 3 -wheelers grew by 39.1%, passenger vehicles grew by 16.8% and commercial vehicles grew by 15.2%.
- Despite seasonality effect on a quarter -on-quarter basis, we still saw a growth on 2 - and 3 - wheelers -- and 2-wheelers grew by 2.7%, 3-wheelers grew by 3.4%, passenger vehicles degrew by 7.5% and commercial vehicles degrew by 16.9%.
Margins & costs
- Our EBITDA for the quarter was around 8.5% as compared to 9.5% during the similar period last year.
- Despite that, the Indian operations reported a 10.6% EBITDA margin and around a 7% PBT margin.
Capex & expansion
- But like I explained, this was largely driven by the capex front loading, which this year is going to be a capex heavy year as we explained in the previous calls also.
- And a large portion of that is, yes, in terms of our e-mobility capacity expansion and also capacity expansion to service the EV models that we are supplying to even with our engine-agnostic product.
Balance sheet & cash
- The net debt of the company in quarter 1 of FY financial year '27 is INR5,268 million, which is an increase of INR316 million from the last quarter, mainly due to the increase in net working capital of INR441 million due to higher revenues.
- Net debt was at INR527 crores compared to INR495 crores.
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