| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 2,634 | 2,028 | +29.9% |
| EBITDA | 222 | 195 | +14.0% |
| EBITDA margin | 8.4% | 9.6% | −1.2 pts |
| Profit before tax | 113 | 143 | −21.1% |
| Net profit | 77.7 | 107 | −27.7% |
| EPS | ₹5.06 | ₹6.88 | −26.5% |
Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 12,338 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 187 | 187 | 149 | 207 | 332 | ||
| 37.8 | 37.8 | 32.9 | 29.1 | 28.0 | ||
| 738 | 738 | 949 | 1,209 | 1,635 | ||
| 12,927 | — | — | — | — | ||
| 9,497 | 8,890 | 8,154 | 7,552 | 6,863 | ||
| — | +9.0% | +8.0% | +10.0% | — | ||
| 857 | 830 | 789 | 774 | 547 | ||
| 9.0% | 9.3% | 9.7% | 10.2% | 8.0% | ||
| 522 | 498 | 465 | 437 | 210 | ||
| 200 | 230 | 69.7 | 532 | −817 | ||
| 2.1% | 2.6% | 0.9% | 7.1% | −11.9% | ||
| ₹12.91 | ₹14.73 | ₹4.01 | ₹34.43 | −₹53.66 | ||
| — | +267.5% | −88.4% | +164.2% | — | ||
| — | 537 | 737 | 638 | 661 | ||
| — | −397 | −279 | −274 | −598 | ||
| 139 | 139 | 458 | 364 | 62.4 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
In ₹ Crore except Per Share 12 Months Ending | FY23 31/03/2023 | FY24 31/03/2024 | FY25 31/03/2025 | FY26 31/03/2026 | Current/LTM TTM · last close | |
|---|---|---|---|---|---|---|
| Market Capitalization | — | — | — | — | 12,337.8 | |
| - Cash, Equiv & ST Investments | 332.3 | 206.8 | 148.9 | 186.6 | 186.6 | |
| + Minority Interest | 28.0 | 29.1 | 32.9 | 37.8 | 37.8 | |
| + Total Debt | 1,635.0 | 1,209.4 | 948.8 | 737.7 | 737.7 | |
| Enterprise Value | — | — | — | — | 12,926.7 | |
| Revenue | 6,863.1 | 7,551.9 | 8,154.1 | 8,890.5 | 9,497.2 | |
| Growth %, YoY | — | +10.0 | +8.0 | +9.0 | — | |
| EBITDA | 546.7 | 773.6 | 788.8 | 829.8 | 857.1 | |
| Margin % | 7.97 | 10.24 | 9.67 | 9.33 | 9.03 | |
| EBIT | 209.9 | 436.7 | 465.4 | 498.1 | 522.2 | |
| Net Income | -817.1 | 532.1 | 69.7 | 229.8 | 200.1 | |
| Margin % | -11.91 | 7.05 | 0.85 | 2.59 | 2.11 | |
| EPS, Adj (current shares) | -53.66 | 34.43 | 4.01 | 14.73 | 12.91 | |
| Growth %, YoY | — | +164.2 | -88.4 | +267.5 | — | |
| Cash from Operations | 660.6 | 638.5 | 736.7 | 536.8 | — | |
| Capital Expenditures | -598.2 | -274.2 | -278.8 | -397.5 | — | |
| Free Cash Flow | 62.4 | 364.2 | 457.9 | 139.3 | 139.3 | |
Prices at the 29 October 2026 close · figures from the company's filings with NSE
Varroc Engineering (NSE: VARROC) had a market capitalisation of ₹12,290 crore at the 29 October 2026 close (₹804.40 a share), a PE ratio of 62.3 on the last four quarters' profit and a price-to-book ratio of 6.90. In FY26 its consolidated net profit was ₹225 crore on revenue of ₹8,890 crore; in Q1 FY27 (April–June 2026) it was ₹77.3 crore, down 26.5% year on year. Its debt-to-equity ratio was 0.41 on 31 March 2026. Promoters held 75.00% of the shares on 30 September 2026.
Varroc Engineering's PE ratio is 62.3 at the 29 October 2026 close (₹804.40 a share): a market capitalisation of ₹12,290 crore divided by consolidated net profit of ₹197 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹225 crore) it is 54.6. These four quarters include net exceptional items of −₹105 crore (one-off charges reported separately), so the ratio on recurring profit would differ.
Varroc Engineering's price-to-book (PB) ratio is 6.90 at the 29 October 2026 close: a market capitalisation of ₹12,290 crore divided by shareholders' equity (book value) of ₹1,780 crore on 31 March 2026. That is a book value of ₹116.52 per share against a share price of ₹804.40.
In FY26, Varroc Engineering's return on equity (ROE) was 13.5% and its return on capital employed (ROCE) was 22.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year); ROCE is operating profit (EBIT) divided by average capital employed (total assets less current liabilities). In FY25, ROE was 4.0% and ROCE 20.6%.
Varroc Engineering's market capitalisation was ₹12,290 crore at the 29 October 2026 close: 15.28 crore shares at ₹804.40 each.
No. Varroc Engineering had borrowings of ₹738 crore on 31 March 2026 (consolidated balance sheet), a debt-to-equity ratio of 0.41. Its cash and current investments were ₹242 crore, so its net debt was ₹495 crore.
In 2026, Varroc Engineering has declared one dividend: ₹1.50 with record date 7 August 2026.
Varroc Engineering's debt-to-equity ratio was 0.41 on 31 March 2026: borrowings of ₹738 crore against total equity of ₹1,818 crore. A year earlier, on 31 March 2025, it was 0.59.
Varroc Engineering's dividend yield is 0.19% at the 29 October 2026 close: dividends of ₹1.50 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹804.40. They were ₹1.50 on 7 August 2026.
Promoters held 75.00% of Varroc Engineering on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.
Varroc Engineering's net worth — shareholders' equity in its consolidated balance sheet — was ₹1,780 crore on 31 March 2026, up 13.8% from ₹1,565 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹12,290 crore at the 29 October 2026 close.
Varroc Engineering's book value per share was ₹116.52 on 31 March 2026: shareholders' equity of ₹1,780 crore divided by the 15.28 crore shares in issue, up 13.8% from ₹102.43 a year earlier. The share price at the 29 October 2026 close was ₹804.40.
Varroc Engineering's latest results are for Q1 FY27 (April–June 2026), filed on 6 August 2026: consolidated net profit ₹77.3 crore, down 26.5% from ₹105 crore in Q1 FY26; revenue from operations ₹2,634 crore, up 29.9% year on year.
Varroc Engineering's basic earnings per share (EPS) were ₹14.73 in FY26, against ₹4.01 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹12.92.
In FY26, Varroc Engineering generated ₹537 crore of cash from operations and spent ₹397 crore on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of ₹139 crore. In FY25 it was ₹458 crore.
Varroc Engineering will announce its Q2 FY27 results (July–September 2026) on Wednesday, 4 November 2026, the date of the board meeting it has notified to the exchanges.
On 30 September 2026, Varroc Engineering's shares were held by promoters 75.00%, foreign portfolio investors (FII/FPI) 4.49%, domestic institutions (DII) 10.83% (including mutual funds at 9.50%) and retail and other non-institutional investors 9.68%. Over the year, FII holding was up 0.20 percentage points from 4.29% and DII holding was down 1.91 percentage points from 12.74%.
At the 29 October 2026 closing prices, on FY26 net profit, Varroc Engineering's PE ratio is 54.6, the highest of the four: UNO Minda 52.5, Motherson 43.8 and Endurance Technologies 34.2, a peer average of 43.5. Each is the company's market capitalisation at that price divided by its FY26 net profit.
In FY26, Varroc Engineering earned net profit of ₹225 crore on revenue of ₹8,890 crore, against ₹1,197 crore on ₹19,658 crore for UNO Minda. Varroc Engineering's operating margin was 5.6% (UNO Minda 7.9%) and its return on equity 13.5% (UNO Minda 19.1%). At the 29 October 2026 close, Varroc Engineering's market capitalisation was ₹12,290 crore against ₹62,792 crore for UNO Minda, and its PE ratio on FY26 profit 54.6 against 52.5.
In FY26 (April 2025–March 2026), Varroc Engineering's consolidated net profit was ₹225 crore, up 267.5% from ₹61.2 crore in FY25, on revenue from operations of ₹8,890 crore (up 9.0%).
On FY26 consolidated figures, against UNO Minda, Motherson and Endurance Technologies: Varroc Engineering's operating margin of 5.6% is the third highest of the four (UNO Minda 7.9%, Motherson 5.4%, Endurance Technologies 8.4%; peer average 7.2%); its return on equity of 13.5% is the third highest of the four (UNO Minda 19.1%, Motherson 10.2%, Endurance Technologies 15.2%; peer average 14.8%); its revenue growth over three years of 9.0% a year is the lowest of the four (UNO Minda 20.5% a year, Motherson 17.0% a year, Endurance Technologies 18.4% a year; peer average 18.6% a year).
From Varroc Engineering's own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 29 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.
Consolidated figures from the company's filings with NSE; prices are NSE closing prices.