As of 6 Nov 2026, Varroc Engineering trades at 71.6× trailing earnings, above the industry P/E of 25.6×, and the shares are 13% below their 52-week high. Sales grew 8.7% a year over 3 years, with ROCE of 21% and ROE of 9.4%. Debt is 0.51× equity, and its dividend yield is 0.2%. It is a small-cap company with a market cap of ₹12,115 Cr, ranked 28th of 140 Auto Parts companies by market cap; the shares rose 26% over the past year.
- ₹782.70
- ₹797.70
- ₹768.40
- ₹789.60
- 1.3 L
Health check
- ReturnsIn line
+26.3% over a year, better than 4 of 7 peers.
- Price tagPricier
P/E 71.6 vs industry 25.6.
- GrowthSlow
Sales +8.7% a year over 3 years.
- ProfitabilityStrong
ROCE 20.8% vs peer median 15.6%.
- Balance sheetFair
Debt 0.51× equity, interest covered 3.7×, Piotroski 7 of 9.
- Red flags2 to check
Quarterly profit down 46.1% on a year ago.
Small cap
Defensive
Key metrics
- Market cap
- ₹12,115 Cr
- Small cap
- P/E
- 71.6
- Industry 25.6
- Price to book
- 6.48
- Peers 8.75
- Dividend yield
- 0.19%
- ROE
- 9.4%
- Peers 12.3%
- ROCE
- 20.8%
- Peers 15.6%
- Debt to equity
- 0.51
- Debt ₹980 Cr
- EPS (TTM)
- ₹11.08
- Face value ₹1
- OPM (TTM)
- 7.4%
- Net margin 1.7%
- Sales growth
- +33.6%
- Latest quarter vs a year ago
- Profit growth
- −46.1%
- Latest quarter vs a year ago
- Price to sales
- 1.18
- EV/EBITDA 14.7
Strengths and risks
Strengths
- Return on capital employed of 20.8%.
- Quarterly sales up 33.6% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- Quarterly profit down 46.1% on a year ago.
- P/E of 71.6 against an industry P/E of 25.6.
About Varroc Engineering
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,…
- Headquarters
- Aurangabad
- Employees
- 5,372
- Sector
- Consumer Cyclical
- ISIN
- INE665L01035
- Website
- varroc.com
Price range
- Avg volume (3M)
- 3.1 L
- 1-year return
- plus 26.3%
- From 52-week high
- minus 13.1%
Analyst consensus
Peers · Auto Parts
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| MOTHERSONSamvardhana Motherson International | 158.55 | minus 5.62% | 1,68,549 | 35.4 | 3.70 | 11.5% | 10.2% | 9.6% | 17.1% | 37.2% | 0.32% | plus 60.8% |
| BOSCHLTDBosch | 50,700.00 | minus 3.38% | 1,49,545 | 54.2 | 19.50 | 24.2% | 19.4% | 13.4% | 10.3% | 24.8% | 0.53% | plus 38.6% |
| UNOMINDAUNO Minda | 1,326.00 | minus 0.67% | 76,572 | 58.1 | 11.21 | 20.5% | 19.1% | 11.0% | 20.5% | 22.3% | 0.22% | plus 6.6% |
| SONACOMSSona BLW Precision Forgings | 900.00 | minus 1.67% | 56,266 | 75.0 | 8.75 | 13.2% | 11.9% | 23.2% | 18.8% | 17.4% | 0.40% | plus 89.2% |
| SCHAEFFLERSchaeffler India | 3,519.70 | minus 1.17% | 55,014 | 41.9 | 8.97 | 25.7% | 20.2% | 17.9% | 12.3% | 9.4% | 0.99% | minus 13.9% |
| MRFMRF | 1,25,295.00 | minus 0.50% | 53,139 | 22.0 | 2.53 | 15.6% | 12.3% | 15.1% | 10.6% | 46.7% | 0.19% | minus 20.3% |
| BALKRISINDBalkrishna Industries | 2,410.00 | plus 0.34% | 46,589 | 32.7 | 4.25 | 13.8% | 11.6% | 21.1% | 3.6% | 5.5% | 0.71% | plus 1.6% |
| VARROCVarroc Engineering | 792.85 | plus 0.41% | 12,115 | 71.6 | 6.48 | 20.8% | 13.5% | 9.1% | 8.7% | – | 0.19% | plus 26.3% |
| Median of 7 peers | – | −1.17% | 56,266 | 41.9 | 8.75 | 15.6% | 12.3% | 15.1% | 12.3% | 22.3% | 0.40% | 6.6% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 2,207 | 2,288 | 2,368 | 2,634 | 2,948 | |
| 2,006 | 2,177 | 2,138 | 2,411 | 2,749 | |
| 202 | 110 | 230 | 223 | 199 | |
| 9.1% | 4.8% | 9.7% | 8.5% | 6.7% | |
| 4.7 | 105 | −1.2 | 6.6 | 63.1 | |
| 31.9 | 31.2 | 34.9 | 30.7 | 32.3 | |
| 82.6 | 82.4 | 85.6 | 84.3 | 88.6 | |
| – | −105 | – | – | −63.1 | |
| 92 | −3.3 | 109 | 114 | 77.6 | |
| 31.3% | −244.4% | 35.2% | 32.1% | 56.9% | |
| 61 | −10.3 | 69.3 | 77.3 | 32.8 | |
| 3.99 | -0.67 | 4.54 | 5.06 | 2.15 |
Profit & loss
- Sales CAGR 3Y
- +8.7%
- ROE
- 9.4%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 6,796 | 7,350 | 8,002 | 8,725 | |
| – | +8.2% | +8.9% | +9.0% | |
| 6,199 | 6,591 | 7,226 | 7,888 | |
| 597 | 759 | 777 | 836 | |
| 8.8% | 10.3% | 9.7% | 9.6% | |
| −11.6 | 66.1 | 19.9 | 5.7 | |
| 178 | 185 | 165 | 126 | |
| 337 | 337 | 323 | 332 | |
| 12.8 | 11.1 | −139 | −42.4 | |
| 82.9 | 315 | 169 | 341 | |
| 53.2% | −75.6% | 58.8% | 32.7% | |
| −820 | 526 | 61.2 | 225 | |
| – | – | minus 88.4% | +267.5% | |
| -53.66 | 34.43 | 4.01 | 14.73 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 15.3 | 15.3 | 15.3 | 15.3 | |
| 961 | 1,482 | 1,550 | 1,765 | |
| 1,806 | 1,390 | 1,118 | 925 | |
| 1,839 | 1,674 | 1,988 | 2,170 | |
| 4,621 | 4,560 | 4,672 | 4,875 | |
| 2,066 | 1,999 | 2,054 | 2,242 | |
| 134 | 82.1 | 131 | 102 | |
| 1.7 | 15.5 | 16.7 | 8.9 | |
| 357 | 227 | 201 | 242 | |
| 2,062 | 2,238 | 2,269 | 2,279 | |
| 4,621 | 4,560 | 4,672 | 4,875 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 686 | 638 | 737 | 537 | |
| −286 | −166 | −246 | −123 | |
| −216 | −664 | −490 | −405 | |
| 185 | −192 | −0.1 | 8.3 | |
| −598 | −274 | −289 | −469 | |
| 88 | 364 | 448 | 68.1 | |
| – | −4.7 | – | −15.3 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 12.3% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.