Varroc Engineering

Mid Cap 5.3k Result

₹546.85

0.75 (0.14%)

As on 29 November, 2023 | 18:14 BSE: 541578 NSE: VARROCISIN: INE665L01035

Varroc Engineering Performance

Day Range

Low 541
High 556

546.85

52 Week Range

Low 239.45
High 583.5

546.85

Open Price549.85
Previous Close546.1
Volume271901

Start SIP in Varroc Engineering

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Varroc Engineering Share Price

Over 1 Month 18.24%
Over 3 Month 28.61%
Over 6 Month 83.97%
Over 1 Year 88.89%

Varroc Engineering Key Statistics

P/E Ratio	57
PEG Ratio	0.5
Market Cap Cr	8,355
Price to Book Ratio	8.3
EPS	-4.9
Dividend	0
Relative Strength Index	65
Money Flow Index	84.89
MACD Signal	16.3
Average True Range	24.9

Varroc Engineering Investment Rating

Master Rating:
Varroc Engineering has an operating revenue of Rs. 7,086.04 Cr. on a trailing 12-month basis. An annual revenue growth of 18% is outstanding, Pre-tax margin of 1% needs improvement, ROE of -83% is poor and needs improvement. The company has a reasonable debt to equity of 43%, which signals a healthy balance sheet. The stock from a technical standpoint is comfortably placed above its key moving averages, around 11% and 52% from 50DMA and 200DMA. From an O'Neil Methodology perspective, the stock has an EPS Rank of 69 which is a FAIR score but needs to improve its earnings, a RS Rating of 85 which is GOOD indicating the outperformance as compared to other stocks, Buyer Demand at A- which is evident from recent demand for the stock, Group Rank of 89 indicates it belongs to a poor industry group of Auto/Truck-Original Eqp and a Master Score of B is close to being the best. Institutional holding has gone up in the last reported quarter is a positive sign. Overall, the stock is lagging behind in earnings parameter, but excellent technical strength makes it a stock to examine in more detail.

EPS Strength

Price Strength

Buyer Demand

Group Rank

Varroc Engineering Financials

Standalone Consolidated

Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios
Quarterly P&L
Annual P&L
Balance Sheet
Cash Flow
Ratios

Indicator	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022
Oper Rev Qtr Cr	1,111	1,048	936	974	1,089	919	881
Operating Expenses Qtr Cr	1,027	979	871	897	1,018	865	817
Operating Profit Qtr Cr	84	69	65	77	71	54	64
Depreciation Qtr Cr	50	47	57	49	44	45	43
Interest Qtr Cr	47	44	48	47	41	34	32
Tax Qtr Cr	1	-5	-7	-12	32	-3	5
Net Profit Qtr Cr	2	-14	-28	0	-1,353	-6	0

Indicator	Mar 2023	Mar 2022
Total Revenue Annual Cr	3,971	3,356
Operating Expenses Annual Cr	3,652	3,050
Operating Profit Annual in Cr	266	241
Depreciation Cr	194	170
Interest Annual Cr	170	91
Tax Annual Cr	9	19
Net Profit Annual Cr	-1,387	26

Indicator	Mar 2023	Mar 2022
Cash from Operating Activity Annual Cr	213	428
Cash from Investing Activity Annual Cr	-411	-1,208
Cash from Financing Annual Activity Cr	306	576
Net Cash Flow Annual Cr	108	-205

Indicator	Mar 2023	Mar 2022
Total ShareHolders Funds Annual Cr	554	1,941
Fixed Assets Annual Cr	1,212	1,190
Total Non Current Assets Annual Cr	2,230	2,292
Total Current Assets Annual Cr	1,017	1,916
Total Assets Annual Cr	3,248	4,208

Indicator	Mar 2023	Mar 2022
Book Value Per Share Annual Rs	36	127
ROE Annual %	-250	1
ROCE Annual %	14	6
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	8	9

Indicator	Sep 2023	Jun 2023	Mar 2023	Dec 2022	Sep 2022	Jun 2022	Mar 2022
Oper Rev Qtr Cr	1,887	1,792	1,690	1,717	1,828	1,628	1,652
Operating Expenses Qtr Cr	1,693	1,623	1,534	1,582	1,690	1,510	1,545
Operating Profit Qtr Cr	194	169	156	135	138	118	107
Depreciation Qtr Cr	85	80	92	82	77	85	84
Interest Qtr Cr	50	49	53	51	49	38	37
Tax Qtr Cr	18	10	1	-10	50	4	26
Net Profit Qtr Cr	54	32	40	20	-795	-85	-285

Indicator	Mar 2023	Mar 2022
Total Revenue Annual Cr	6,921	5,878
Operating Expenses Annual Cr	6,316	5,485
Operating Profit Annual in Cr	547	359
Depreciation Cr	337	305
Interest Annual Cr	190	118
Tax Annual Cr	44	48
Net Profit Annual Cr	-820	-1,110

Indicator	Mar 2023	Mar 2022
Cash from Operating Activity Annual Cr	661	636
Cash from Investing Activity Annual Cr	-260	-763
Cash from Financing Annual Activity Cr	-216	-335
Net Cash Flow Annual Cr	185	-462

Indicator	Mar 2023	Mar 2022
Total ShareHolders Funds Annual Cr	976	1,989
Fixed Assets Annual Cr	2,139	2,139
Total Non Current Assets Annual Cr	2,845	2,687
Total Current Assets Annual Cr	1,776	8,311
Total Assets Annual Cr	4,621	10,998

Indicator	Mar 2023	Mar 2022
Book Value Per Share Annual Rs	66	132
ROE Annual %	-84	-56
ROCE Annual %	15	4
Total Debt to Total Equity Annual	-	-
EBDIT Annual Margin %	9	7

Invest in Varroc Engineering

Varroc Engineering Technicals

EMA & SMA

Current Price

₹546.85

0.75 (0.14%)

Bullish Moving Average
___
14

Bearish Moving Average
___
2

EMA SMA

20 Day
₹511.43

50 Day
₹481.25

100 Day
₹441.22

200 Day
₹394.44

20 Day
₹496.83

50 Day
₹488.7

100 Day
₹432.21

200 Day
₹358.53

Varroc Engineering Resistance and Support

PIVOT

₹549.74

Resistance
First Resistance	₹556.62
Second Resistance	₹567.14
Third Resistance	₹574.02

RSI	64.82
MFI	83.23
MACD Single Line	14.71
MACD	22.7

Support
First Resistance	₹539.22
Second Resistance	₹532.34
Third Resistance	₹521.82

Varroc Engineering Delivery and Volume

Period	NSE + BSE Volume Avg	NSE + BSE Delivery Volume Avg	NSE + BSE Delivery Volume %
Day	393,590	13,287,598	33.76
Week	1,205,723	25,778,358	21.38
1 Month	1,178,439	27,669,739	23.48
6 Month	625,225	19,919,669	31.86

Varroc Engineering Result Highlights

Varroc Engineering Synopsis

NSE-Auto/Truck-Original Eqp

Varroc Engineering belongs to the Industry of Auto Ancl - Equipment Lamp. Company’s Total Operating Revenue is Rs. 3917.89 Cr. and Equity Capital is Rs. 15.28 Cr. for the Year ended 31/03/2023. Varroc Engineering Ltd. is a Public Limited Listed company incorporated on 11/05/1988 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L28920MH1988PLC047335 and registration number is 047335.

Market Cap	8,369
Sales	4,069
Shares in Float	3.82
No of funds	87
Yield

Book Value	15.05
U/D Vol ratio	1.6
LTDebt / Equity	27
Alpha	0.26
Beta	1.06