VARIMAN share price, P/E, ROE & financials

On 6 Nov 2026, Variman Global Enterprises was priced at ₹4.07, or 37.0× trailing earnings, against an industry P/E of 27.7×, and the shares are 53% below their 52-week high. It earns ROCE of 10% and ROE of 6.5%, and sales and net profit grew 4.7% and 22% a year over 3 years. Debt is 0.64× equity. It is a small-cap company with a market cap of ₹79 Cr, ranked 51st of 74 Software (Application) companies by market cap; the shares fell 52% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Jun 2026.How we calculate this

past year

Open: ₹4.24
Day high: ₹4.39
Day low: ₹4.03
Prev. close: ₹4.13
Volume: 99.6K

Health check

3 fair · 3 to check

ReturnsBehind
−52.1% over a year, better than 1 of 7 peers.
Price tagPricier
P/E 37.0 vs industry 27.7.
GrowthSteady
Sales +4.7%, profit +22.2% a year over 3 years.
ProfitabilityAverage
ROCE 10.1% vs peer median 12.6%.
Balance sheetFair
Debt 0.64× equity, interest covered 2.3×, Piotroski 4 of 9.
Red flags5 to check
Return on equity is low at 6.5%.

Compared with 7 industry peers. Computed from reported figures. Educational, not a recommendation.

Software - Application

73 listed peers. Screen the industry

Small cap

₹79 Cr, #51 of 74 in its industry by size.

Defensive

Beta 0.55 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Jun 2026: sales ₹134 Cr · profit ₹3 Cr

Market cap: ₹79 Cr; Small cap
P/E: 37.0; Industry 27.7
Price to book: 1.56; Peers 8.24
Dividend yield: 0.00%
ROE: 6.5%; Peers 15.3%
ROCE: 10.1%; Peers 12.6%
Debt to equity: 0.64; Debt ₹34 Cr
EPS (TTM): ₹0.11
OPM (TTM): 4.3%; Net margin 2.5%
Sales growth: −20.4%; Latest quarter vs a year ago
Profit growth: −46.1%; Latest quarter vs a year ago
Price to sales: 0.59; EV/EBITDA 16.0

Risks to check

Return on equity is low at 6.5%.
Quarterly profit down 46.1% on a year ago.
Quarterly sales down 20.4% on a year ago.
53% below its 52-week high.
Interest coverage of only 1.9×.

No standout strengths in the headline numbers.

Derived automatically from reported figures. Not a recommendation.

About Variman Global Enterprises

Variman Global Enterprises Limited provides information technology (IT) solutions in India. The company offers IT infrastructure solutions, such as product solutions, enterprise computing, data storage, network solutions and security, and virtualization solutions; and provides IT services, including consultancy, migration, assessment, design, implementation, and management services. It distributes desktops, laptops, AIOs, peripherals, commercial TVs,…

Headquarters: Hyderabad
Employees: 42
Sector: Technology
ISIN: INE717F01028
Website: varimanglobal.com

Price range

52 weeks

₹2.75₹8.59

Today

₹4.03₹4.39

Avg volume (3M): 3.3 L
1-year return: minus 52.1%
From 52-week high: minus 52.6%

Peers · Software - Application

Compare with peers Screen the whole industry

Company
TATAELXSITata Elxsi	3,855.00	minus 1.66%	24,019	35.8	8.24	26.2%	23.9%	22.7%	6.1%	−5.9%	1.95%	minus 27.2%
URBANCOUrban Company	158.12	minus 0.25%	23,446	–	12.14	−7.2%	−21.5%	−22.9%	34.7%	–	0.00%	plus 6.5%
KFINTECHKfin Technologies	915.80	minus 1.14%	15,835	45.6	9.75	18.9%	22.6%	38.1%	22.5%	20.6%	1.31%	minus 13.4%
KPITTECHKPIT Technologies	540.45	plus 0.12%	14,713	27.7	3.99	21.3%	15.3%	26.7%	24.2%	18.7%	1.39%	minus 53.3%
BBOXBlack Box	810.95	minus 5.36%	14,402	62.2	11.18	12.6%	21.3%	9.0%	0.2%	109.3%	0.12%	plus 56.1%
AMAGIAmagi Media Labs	568.25	minus 0.04%	12,293	119.9	6.74	5.0%	6.3%	3.9%	30.3%	–	0.00%	plus 63.2%
BLACKBUCKBLACKBUCK	557.55	plus 3.06%	10,161	56.4	6.71	11.7%	12.8%	23.9%	53.9%	–	0.00%	minus 17.3%
VARIMANVariman Global Enterprises	4.07	minus 1.45%	79	37.0	1.56	10.1%	6.5%	4.3%	4.7%	22.2%	0.00%	minus 52.1%
Median of 7 peers	–	−0.25%	14,713	51.0	8.24	12.6%	15.3%	22.7%	24.2%	19.7%	0.12%	−13.4%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Jun 25	Sep 25	Dec 25	Mar 26	Jun 26
32.1	22.4	33.9	44.3	25.5
30.4	22.6	32.1	42.6	23.5
1.7	−0.2	1.8	1.8	2
5.3%	−1.1%	5.3%	4.0%	8.0%
1.7	1.4	1.1	0.1	0.5
0.8	0.8	1.1	1.3	1
0.1	0.2	0.2	0.2	0.2
2.4	0.2	1.6	0.4	1.5
17.1%	56.6%	22.5%	90.8%	26.1%
1.9	0.1	1.2	0	1
0.10	–	0.06	0.00	0.05

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +4.7%
Profit CAGR 3Y: +22.2%
EPS CAGR 3Y: +21.9%
ROE: 6.5%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
116	114	109	133
–	minus 1.9%	minus 4.6%	+22.5%
115	114	109	126
0.8	0.2	−0.8	6.8
0.7%	0.2%	−0.7%	5.1%
3.9	5	6	2
2.1	3.1	3.4	3.5
0.3	0.5	0.8	0.6
–	–	−0	–
2.3	1.6	1	4.6
20.9%	12.4%	29.3%	27.7%
1.8	1.1	0.6	3.3
–	minus 41.0%	minus 43.1%	+444.2%
0.09	0.07	0.03	0.17

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
19.4	19.5	19.5	19.5
11.6	13.1	27.1	31.2
21.9	27.2	32.4	35.4
17.7	17.8	19.6	25.5
70.5	77.6	98.6	112
9.2	10	11.3	13.5
1	1	1.6	3.9
–	–	–	0.3
0.9	0.9	1	0.2
59.5	65.7	84.7	93.7
70.5	77.6	98.6	112

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
−8.6	−6.6	−16.9	−1.2
−1.7	3.3	−1.1	0.1
10.4	3.2	18.1	0.3
0.1	−0.2	0.1	−0.8
−1.6	−1.4	−2	−2.5
−10.1	−8	−19	−3.6

Shareholding pattern

This company is listed only on BSE, so there’s no NSE category split. See Major shareholders below for the named holders.

Major shareholders

BSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you