VARROC ENGINEERING LIMITED |
Delayed
Other stock markets
|
5-day change | 1st Jan Change | ||
| 507.3 INR | +2.21% |
|
-1.07% | -8.46% |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 78,056 | 17,209 | 55,744 | 52,826 | 38,097 | 77,509 | - | - |
| Enterprise Value (EV) 1 | 92,803 | 32,466 | 65,861 | 67,182 | 51,176 | 87,005 | 79,754 | 72,060 |
| P/E ratio | 17.5 x | 12,765 x | -7.8 x | -4.76 x | 114 x | 13.8 x | 17.8 x | 13.9 x |
| Yield | 0.69% | 2.35% | - | - | - | 0.13% | 0.39% | 0.48% |
| Capitalization / Revenue | 0.65 x | 0.15 x | 0.49 x | 0.41 x | 0.56 x | 1.03 x | 0.91 x | 0.82 x |
| EV / Revenue | 0.77 x | 0.29 x | 0.58 x | 0.53 x | 0.75 x | 1.16 x | 0.93 x | 0.76 x |
| EV / EBITDA | 8.52 x | 4 x | 16.6 x | 145 x | 9.36 x | 11.8 x | 8.82 x | 6.99 x |
| EV / FCF | -14.6 x | 7.44 x | -25.9 x | -32.3 x | 82 x | 22.5 x | 14.2 x | 12.7 x |
| FCF Yield | -6.84% | 13.4% | -3.86% | -3.1% | 1.22% | 4.45% | 7.03% | 7.89% |
| Price to Book | 2.53 x | 0.57 x | 1.84 x | 2.66 x | 3.9 x | 4.93 x | 4.2 x | 3.25 x |
| Nbr of stocks (in thousands) | 134,812 | 134,812 | 152,786 | 152,786 | 152,786 | 152,786 | - | - |
| Reference price 2 | 579.0 | 127.6 | 364.8 | 345.8 | 249.4 | 507.3 | 507.3 | 507.3 |
| Announcement Date | 5/24/19 | 6/25/20 | 6/4/21 | 5/30/22 | 5/23/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 120,365 | 111,219 | 113,028 | 127,341 | 68,631 | 75,326 | 85,514 | 94,764 |
| EBITDA 1 | 10,889 | 8,116 | 3,968 | 463.7 | 5,467 | 7,361 | 9,042 | 10,311 |
| EBIT 1 | 5,233 | 797.7 | -4,983 | -9,275 | 2,099 | 3,886 | 5,464 | 6,505 |
| Operating Margin | 4.35% | 0.72% | -4.41% | -7.28% | 3.06% | 5.16% | 6.39% | 6.86% |
| Earnings before Tax (EBT) 1 | 5,487 | 394.9 | -5,338 | -10,649 | 775.3 | 2,716 | 4,566 | 5,986 |
| Net income 1 | 4,463 | 1.91 | -6,319 | -11,099 | 334.6 | 4,103 | 3,739 | 4,854 |
| Net margin | 3.71% | 0% | -5.59% | -8.72% | 0.49% | 5.45% | 4.37% | 5.12% |
| EPS 2 | 33.11 | 0.0100 | -46.75 | -72.64 | 2.190 | 36.67 | 28.43 | 36.53 |
| Free Cash Flow 1 | -6,352 | 4,363 | -2,540 | -2,080 | 624.5 | 3,874 | 5,605 | 5,682 |
| FCF margin | -5.28% | 3.92% | -2.25% | -1.63% | 0.91% | 5.14% | 6.55% | 6% |
| FCF Conversion (EBITDA) | - | 53.76% | - | - | 11.42% | 52.63% | 61.99% | 55.11% |
| FCF Conversion (Net income) | - | 228,426.7% | - | - | 186.62% | 94.41% | 149.92% | 117.07% |
| Dividend per Share 2 | 4.000 | 3.000 | - | - | - | 0.6667 | 1.995 | 2.439 |
| Announcement Date | 5/24/19 | 6/25/20 | 6/4/21 | 5/30/22 | 5/23/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 34,927 | 36,193 | 29,416 | 30,326 | 31,350 | 36,250 | 16,283 | 18,341 | 17,168 | 16,901 | 17,924 | 18,827 | 19,707 | 19,311 |
| EBITDA 1 | 2,356 | 1,172 | 30.31 | -147.2 | 357.5 | 531.4 | 1,181 | 1,377 | 1,348 | 1,561 | 1,755 | 1,889 | 2,037 | 1,918 |
| EBIT 1 | 108.6 | -1,190 | -2,162 | -2,521 | -2,146 | -2,107 | 326.8 | 604.2 | - | 639.6 | 953.7 | 1,097 | 1,256 | 1,031 |
| Operating Margin | 0.31% | -3.29% | -7.35% | -8.31% | -6.85% | -5.81% | 2.01% | 3.29% | - | 3.78% | 5.32% | 5.83% | 6.37% | 5.34% |
| Earnings before Tax (EBT) 1 | -143.3 | -1,242 | -2,394 | -2,862 | -2,548 | -2,554 | -3.6 | 302.5 | 105.1 | - | 652.4 | 847 | 852 | 724 |
| Net income 1 | -1,370 | -1,454 | -2,303 | -2,983 | -2,652 | -2,853 | -848.4 | -7,950 | 204 | 315.1 | 322.6 | 686 | 687.7 | 610 |
| Net margin | -3.92% | -4.02% | -7.83% | -9.84% | -8.46% | -7.87% | -5.21% | -43.35% | 1.19% | 1.86% | 1.8% | 3.64% | 3.49% | 3.16% |
| EPS 2 | -10.29 | -10.67 | -15.07 | -19.52 | -17.35 | -18.68 | - | -52.04 | - | - | 2.110 | 5.100 | 4.633 | 4.050 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/9/21 | 6/4/21 | 8/12/21 | 11/11/21 | 2/14/22 | 5/30/22 | 8/12/22 | 11/14/22 | 2/7/23 | 5/23/23 | 8/9/23 | - | - | - |
1INR in Million2INR
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 14,747 | 15,257 | 10,117 | 14,356 | 13,079 | 9,496 | 2,245 | - |
| Net Cash position 1 | - | - | - | - | - | - | - | 5,449 |
| Leverage (Debt/EBITDA) | 1.354 x | 1.88 x | 2.55 x | 30.96 x | 2.392 x | 1.29 x | 0.2483 x | - |
| Free Cash Flow 1 | -6,352 | 4,363 | -2,540 | -2,080 | 624 | 3,874 | 5,605 | 5,683 |
| ROE (net income / shareholders' equity) | 15.1% | 0.01% | -21% | - | 2.26% | 31.5% | 21.5% | 22.3% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 229.0 | 223.0 | 198.0 | 130.0 | 63.90 | 103.0 | 121.0 | 156.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 11,092 | 9,774 | 5,611 | 8,535 | 5,982 | 2,144 | 2,425 | 2,970 |
| Capex / Sales | 9.21% | 8.79% | 4.96% | 6.7% | 8.72% | 2.85% | 2.84% | 3.13% |
| Announcement Date | 5/24/19 | 6/25/20 | 6/4/21 | 5/30/22 | 5/23/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
D+
Sell
Buy
Mean consensus
HOLD
Number of Analysts
6
Last Close Price
507.3
INR
Average target price
588.8
INR
Spread / Average Target
+16.07%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| -8.46% | 908M | |
| +20.22% | 48.55B | |
| -7.78% | 22.52B | |
| +27.15% | 20.68B | |
| +38.33% | 17.83B | |
| -4.22% | 14.92B | |
| -18.01% | 13.48B | |
| -19.32% | 13.11B | |
| +38.73% | 10.73B | |
| +22.60% | 10.36B |
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- VARROC Stock
- Financials Varroc Engineering Limited