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Companies›Services›Services›Commercial Services & Supplies

VARUN MERCANTILE LTD.

Services › Commercial Services & Supplies
₹1.08
at close · 27 Oct 2025
▲ 0.05 (+4.85%)

Latest filings

Next results: Wed, 4 Nov · Financial Results
  1. Board to approve September 2026 results on November 4 · Results
  2. AGM voting results - all 3 resolutions passed with 100% approval · Board & Shareholder Meetings
  3. 41st AGM held on Sep 30, 2026 - all resolutions passed · Board & Shareholder Meetings
All filings ↓
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Snapshot

What the business is, and whether it's a good one at a fair price.

AI · written from filings

Earns interest income on cash and bank balances, with no revenue from operations reported across recent quarters and years. Other Income — primarily interest on cash reserves — totalled ₹37.85 lakh in FY26 (₹28.41 lakh in the first nine months of FY26) and is essentially the only income line. The FY25 annual report describes the entity as "engaged in trading of general commodities," though no trading revenue has been recorded in the periods covered. Operating expenses are minimal, consisting mainly of employee costs and listing/advertisement fees; total expenses in Q3 FY26 were ₹3.53 lakh. Profit after tax came in at ₹12.47 lakh for FY26, down from ₹13.00 lakh in FY25, and the Board declared no dividend for FY26. The balance sheet shows ₹525.42 lakh in cash and bank balances against total assets of ₹552.95 lakh (H1 FY26), ₹551.62 lakh in total equity, and virtually no liabilities (only ₹4.52 lakh in current liabilities at H1 FY26). Statutory auditors N.J. Karia & Associates have issued unqualified opinions on the financial results.

Operating scale
Cash and bank balances
₹525.42 lakhH1 FY26
Total assets
₹552.95 lakhFY26
Total equity
₹551.62 lakhFY26
Paid-up equity capital
₹199.20 lakhFY26
Shares outstanding
19,92,000FY26
Total expenses (Q3 FY26)
₹3.53 lakhQ3 FY26
Who pays it
Not applicable; no revenue from operations recorded in recent periods
Biggest cost
Employee costs and listing/advertisement fees
Kind of business
Non-operating entity with interest income on cash reserves as the sole revenue source
Where it sits
Small BSE-listed shell/investment entity with no active operating business
Market Cap
₹0 Cr
P / E (TTM)
1.7×
EV / EBITDA
1.0×
Div Yield
—
Growth
—·
Revenue 5y CAGR
PAT +22.0% · EBITDA +12.7%
Quality
3.5%·
ROCE (5y median)
ROE 1.9% (5y median) · margin —
Leverage
0.00·
Debt / Equity · low
Net debt ₹0 Cr
Cash conversion
-3.12×▼
Operating cash ÷ profit · 5 yrs
₹-1 Cr on ₹0 Cr
Where it sits among 127 Diversified Commercial Services peersBar = share of peers beaten · tick = industry median · latest reported figures
P/E (TTM)#11/79
P/B#4/95
ROCE#48/103
ROE#60/113
Debt / Equity#1/91
Profit growth#68/110

Scorecard

Measured from the filed financials, judged against its Diversified Commercial Services peers · as of FY26 — not investment advice

Strengths
Profit compounding 22% a year over 5 years
No borrowings on the balance sheet
lower than 77% of its 91 Diversified Commercial Services peers
Concerns
Returns on capital 3.5% (5-year median)
#48 of 103 in Diversified Commercial Services on the latest reported figures
Over 5 years it reported ₹0.45 Cr of profit and an operating cash outflow of ₹1.41 Cr — -3.12×
Less than 60p of every ₹1 of profit arrived as cash

Charts

How has the market priced it — with filings on the timeline?

Price

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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.

Peers

How does it stack up on valuation, returns and growth?

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Financials

Quarterly & annual P&L, balance sheet, cash flow, ratios and segments.

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Ownership

Who owns it — and is the promoter stake clean?

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Common questions

Answered from VARUN MERCANTILE LTD.'s filed financials and exchange disclosures

What does VARUN MERCANTILE LTD. do?

VARUN MERCANTILE LTD. is a Commercial Services & Supplies company listed on BSE.

Is VARUN MERCANTILE LTD. profitable?

Yes. Over the trailing twelve months VARUN MERCANTILE LTD. reported a net profit of ₹0.12 Cr with no revenue reported.

Does VARUN MERCANTILE LTD. pay a dividend?

Not in the latest reported year — VARUN MERCANTILE LTD.'s dividend payout for FY26 was nil.

Is VARUN MERCANTILE LTD. debt-free?

Yes. It reported no borrowings on its 31 Mar 2026 balance sheet.

Is VARUN MERCANTILE LTD. expensive compared with its peers?

On trailing P/E, VARUN MERCANTILE LTD. ranks 11 of 79 in Diversified Commercial Services — cheaper than 87% of them, against an industry median of 13.0×. This is a position, not a valuation judgement.

When are VARUN MERCANTILE LTD.'s next results?

Financial Results on Wed, 4 Nov. MarketPing alerts you on WhatsApp the moment the filing lands.

Where can I track VARUN MERCANTILE LTD.'s announcements?

Every NSE and BSE filing by VARUN MERCANTILE LTD. appears on this page, AI-summarised, alongside the price reaction that followed it. Follow the company to get each new filing on WhatsApp within minutes.

Figures are as last reported and may lag the latest filing. Not investment advice.