Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · VARROC ENGINEERING LTD. · 11 September 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
VARROC ENGINEERING LTD. NSE: VARROC · BSE: 541578
Consumer Discretionary › Automobile and Auto Components › Auto Components › Auto Components & Equipments
VARROC ENGINEERING LTD.
StateQ1 FY27 filed
Last close · 10 Sept 2026₹868.90
Market cap₹13.3k cr
TTM P/E · P/B · EV/EBITDA67.3 · 7.30 · 18.0
VARROC ENGINEERING LTD. is a Auto Components company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY22–FY26 (all audited; no estimate years)
₹ crore · consolidated
FY22
FY23
FY24
FY25
FY26
Revenue
5,844
6,863
7,552
8,154
8,890
EBITDA (ex other income)
359
547
774
641
786
margin %
6.1
8.0
10.2
7.9
8.8
Owners' profit
(1,110)
(820)
526
61
225
EPS, as reported (₹)
(72.64)
(53.66)
34.43
4.01
14.73
ROE % · ROCE %
(55.0) · 1.1
(81.4) · 15.3
34.9 · 19.3
4.4 · 15.9
12.6 · 21.0
Debt / equity (x)
0.77
1.63
0.79
0.59
0.41
Cash from operations
636
661
638
737
537
Capex
(654)
(531)
(257)
(279)
(397)
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · VARROC ENGINEERING LTD. · 11 September 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
₹ crore
Q2 FY25
Q3 FY25
Q4 FY25
Q1 FY26
Q2 FY26
Q3 FY26
Q4 FY26
Q1 FY27
Revenue
2,081
2,075
2,099
2,028
2,207
2,288
2,368
2,634
Profit before tax
90
(25)
47
143
91
(4)
107
113
Net profit
58
(45)
23
107
63
(11)
70
78
EPS (₹)
3.64
(3.10)
1.35
6.88
3.99
(0.67)
4.54
5.06
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Segment revenue, FY26
Segment
Revenue, ₹ crore
Share %
(i) Automotive (refer note 3)
2,296
25.8
(ii) Others
72
0.8
Automative
2,222
25.0
Others
170
1.9
Automotive
4,130
46.5
Total, before eliminations
8,890
100.0
Source: the filed segment block, four quarters summed.
Exhibit 4: Peers — basic industry group, by market cap
Company
M.cap ₹ cr
P/E
P/B
EV/EBITDA
ROE %
ROCE %
Rev CAGR 5y %
EBITDA m. %
SAMVRDHNA MTHRSN INTL LTD
Dossier · VARROC ENGINEERING LTD. · 11 September 2026Page 3 of 3
Exhibit 6: Filings of the last 90 days, with the measured price reaction
Date · filing
Category
Importance
1-day %
5-day %
9 Sept 2026 · Varroc Engineering gets improved ESG rating of 70.7 from SES ESG Research
business updates
medium
—
—
8 Sept 2026 · Varroc Engineering gets 'Strong' ESG rating of 62 from CRISIL ESG
28 Aug 2026 · Update on EUR 67 million claim against OP Mobility in France
regulatory legal
high
—
—
25 Aug 2026 · Varroc cancels Aug 27 investor meeting with Mahindra Manulife MF
general
low
—
—
24 Aug 2026 · Varroc to meet Mahindra Manulife MF on Aug 27 in Pune
board shareholder meetings
low
—
—
21 Aug 2026 · Varroc Engineering 38th AGM transcript: FY27 outlook and FY31 target shared
investor communications
medium
—
—
21 Aug 2026 · Varroc Engineering redeems Rs 50 Crore Commercial Papers on maturity
credit debt
medium
—
—
21 Aug 2026 · Recording of 38th AGM shared with exchanges
investor communications
low
—
—
20 Aug 2026 · Varroc Engineering 38th AGM: All 9 resolutions passed; final dividend approved
board shareholder meetings
medium
—
—
Source: exchange announcements; reaction = close-to-close from the filing's session.
How to read this document
Where a broker report shows
This document shows
Why
A rating (BUY / ADD / REDUCE / SELL)
A state: the latest filed quarter and the measured reactions
1,73,567
39.6
3.98
15.4
9.4
8.2
17.1
9.0
BOSCH LIMITED
1,42,736
60.4
9.61
35.1
18.7
24.1
15.6
17.9
BHARAT FORGE LTD
92,992
131.7
9.73
33.3
11.4
13.2
21.6
8.8
UNO MINDA LIMITED
69,386
57.6
9.56
31.7
17.7
15.7
25.3
10.4
SCHAEFFLER INDIA LIMITED
61,739
49.3
10.04
—
10.4
14.1
—
19.4
TUBE INVEST OF INDIA LTD
50,454
83.1
3.55
19.5
7.9
12.4
30.3
10.6
SONA BLW PRECISION FRGS L
49,016
70.4
7.99
42.6
10.3
12.9
—
25.1
ENDURANCE TECHNO. LTD.
37,964
39.1
5.55
18.6
13.9
15.6
17.4
13.2
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 5: Where the company sits in its group
Metric
Company
Group median
Rank
Better than
P/E (TTM)
67.3
26.7
108 of 123
12%
P/B
7.3
3.5
94 of 116
19%
ROCE
15.0
12.6
47 of 125
63%
ROE
12.6
11.6
54 of 119
55%
Debt / Equity
0.4
0.3
69 of 119
42%
EBITDA margin
8.7
12.2
92 of 118
22%
Revenue growth
29.9
20.2
30 of 113
74%
Profit growth
(27.7)
24.4
96 of 115
17%
Market cap
13276
1542
25 of 125
81%
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
an event is a fact; a rating is an opinion that requires SEBI RA registration
A target price and upside
The current price and the multiples against the group
a target is a forecast; a multiple is a measurement
Estimate years marked E
More audited years; no estimates
MarketPing publishes no forecasts — your own model lives on the Models page
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
