Price
Financials
Standalone, Rs crore| Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | |
|---|---|---|---|---|
| Sales | 51 | 18 | 12 | 3 |
| Expenses | 50 | 179 | 20 | 10 |
| Operating Profit | 1 | -160 | -8 | -7 |
| OPM % | 2.1% | -868% | -71% | -192% |
| Other Income | 13 | 359 | -39 | 0 |
| Interest | 32 | 57 | 58 | 50 |
| Depreciation | 4 | 4 | 4 | 4 |
| Profit before tax | -23 | 139 | -109 | -60 |
| Tax % | -6% | 0% | 0% | 0% |
| Net Profit | -22 | 139 | -109 | -60 |
| EPS in Rs | -7.43 | 47.59 | -37.33 | -20.57 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | TTM | |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 596 | 743 | 843 | 1,194 | 1,517 | 2,940 | 3,109 | 168 | 84 |
| Expenses | 575 | 702 | 806 | 1,137 | 1,404 | 2,785 | 3,135 | 210 | 258 |
| Operating Profit | 21 | 41 | 36 | 56 | 114 | 155 | -26 | -42 | -174 |
| OPM % | 3.6% | 6% | 4.3% | 4.7% | 7% | 5% | -0.8% | -25% | -206% |
| Other Income | 14 | 19 | 40 | 30 | 22 | 14 | 3 | 239 | 334 |
| Interest | 12 | 27 | 36 | 55 | 81 | 91 | 116 | 215 | 196 |
| Depreciation | 2 | 4 | 8 | 11 | 18 | 19 | 19 | 18 | 16 |
| Profit before tax | 22 | 29 | 33 | 20 | 36 | 60 | -158 | -36 | -53 |
| Tax % | 34% | 32% | 36% | 36% | 33% | 34% | 0% | -3% | |
| Net Profit | 14 | 20 | 21 | 13 | 24 | 39 | -158 | -34 | -52 |
| EPS in Rs | 11.00 | 14.89 | 9.66 | 5.80 | 10.77 | 13.51 | -54.20 | -11.84 | -17.74 |
| Dividend Payout % | 41% | 30% | 16% | 17% | 14% | 13% | 0% | 0% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | -28% | -52% | -95% | ||
| Compounded Profit Growth | % | % | % | -25% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | -4% | -10% | -30% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 22 | 22 | 22 | 29 | 29 | 29 |
| Reserves | 76 | 88 | 356 | 358 | 390 | 433 | 268 | 244 |
| Borrowings | 205 | 341 | 453 | 672 | 830 | 932 | 1,254 | 1,832 |
| Other Liabilities | 111 | 32 | 77 | 71 | 170 | 787 | 601 | 132 |
| Total Liabilities | 405 | 474 | 907 | 1,123 | 1,412 | 2,181 | 2,153 | 2,236 |
| Fixed Assets | 47 | 57 | 313 | 315 | 385 | 390 | 409 | 381 |
| CWIP | 13 | 28 | 11 | 49 | 3 | 3 | 1 | 1 |
| Investments | 2 | 10 | 11 | 7 | 7 | 11 | 17 | 17 |
| Other Assets | 343 | 378 | 573 | 752 | 1,016 | 1,777 | 1,726 | 1,837 |
| Total Assets | 405 | 474 | 907 | 1,123 | 1,412 | 2,181 | 2,153 | 2,236 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 38 | 29 | 44 | 128 | 432 | -235 | -16 | |
| Cash from Investing Activity | -25 | -51 | -40 | -38 | -26 | -18 | 181 | |
| Cash from Financing Activity | -9 | 29 | -2 | -83 | -133 | 16 | -253 | |
| Net Cash Flow | 3 | 7 | 2 | 7 | 273 | -237 | -88 | |
| Free Cash Flow | 13 | -10 | -6 | 115 | 402 | -273 | 26 | |
| CFO/OP | 118% | 103% | 89% | 121% | 292% | 851% | 26% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 110 | 101 | 128 | 147 | 166 | 160 | 174 | 3,746 |
| Inventory Days | 38 | 38 | 50 | 36 | 27 | 14 | 11 | 96 |
| Days Payable | 42 | 5 | 20 | 9 | 39 | 103 | 71 | 139 |
| Cash Conversion Cycle | 107 | 134 | 159 | 174 | 155 | 72 | 113 | 3,702 |
| Working Capital Days | 120 | 156 | 195 | 195 | 191 | 83 | 122 | 3,710 |
| ROCE % | 15% | 11% | 8% | 10% | 11% | 3% | 7% |
Fundamentals
Market Cap₹ Cr.
Current Price₹ 1.61
Book Value₹ 93.7
ROCE7.02 %
ROE-29.8 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-95%
Compounded Profit Growth (TTM)-25%
Standalone figures.
Valuation
P/E, 3-year average10.97x
P/B, 3-year average0.73x
P/E, 5-year average9.81x
P/B, 5-year average0.64x
Profitability
Operating margin (excl. other income)5.29%
Operating margin (incl. other income)5.78%
EBITDA margin5.78%
Pre-tax margin2.03%
Net profit margin1.34%
ROE9.00%
ROCE11.44%
ROA2.19%
ROE, 3-year average6.13%
ROCE, 3-year average9.86%
ROA, 3-year average1.78%
ROE, 5-year average9.57%
ROCE, 5-year average11.14%
ROA, 5-year average2.57%
ROIC (approx.)9.39%
Tax rate33.94%
Other income / net worth3.11%
Growth
Sales growth (latest year)93.81%
Profit growth (latest year)65.16%
Sales CAGR, 3 years51.67%
Sales CAGR, 5 years37.59%
Profit CAGR, 3 years22.56%
Profit CAGR, 5 years22.21%
Per share
EPS (TTM)Rs 13.51
EPS (latest year)Rs 13.51
EPS, 3-year averageRs 10.03
EPS, 5-year averageRs 10.93
Book value per shareRs 158.56
Sales per shareRs 1,009.96
Cash flow per shareRs 148.55
Free cash flow per shareRs 8.93
Dividend per share (latest year)Rs 1.80
Dividend per share, 3-year averageRs 1.43
Dividend per share, 5-year averageRs 2.06
Dividends
Dividend payout13.32%
Dividend payout, 3-year average14.83%
Dividend payout, 5-year average18.05%
Efficiency
Asset turnover1.35x
Fixed asset turnover7.53x
Inventory turnover25.54x
Inventory days14 days
Debtor days160 days
Debtors turnover2.28x
Creditor days139 days
Cash conversion cycle3702 days
Working capital days3710 days
Leverage
Total debtRs 932 Cr
Cash and bankRs 333 Cr
Net debtRs 599 Cr
Debt to equity2.02x
Net debt / EBITDA3.53x
Interest coverage1.65x
Owners' fund to total sources21.17%
Debt to assets42.74%
Cash flow
Cash from Operating Activity (latest year)Rs 432 Cr
Cash from Investing Activity (latest year)Rs -26 Cr
Cash from Financing Activity (latest year)Rs -133 Cr
Net Cash Flow (latest year)Rs 273 Cr
Free cash flow (latest year)Rs 26 Cr
FCFE (approx.: FCF + change in debt)Rs 128 Cr
Sales to cash flow6.80x
Statement figures
Net sales (TTM)Rs 2,940 Cr
Net sales (latest year)Rs 2,940 Cr
Operating profit excl. other income (latest year)Rs 155 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 170 Cr
PBDT (TTM)Rs 79 Cr
Profit before tax (TTM)Rs 60 Cr
Tax (latest year)Rs 20 Cr
Net profit (TTM)Rs 39 Cr
Net profit (latest year)Rs 39 Cr
Depreciation (TTM)Rs 19 Cr
Interest (TTM)Rs 91 Cr
Cost of goods sold (latest year)Rs 2,746 Cr
Total expenditure (latest year)Rs 2,785 Cr
Total income (latest year)Rs 2,955 Cr
Share capitalRs 29 Cr
ReservesRs 433 Cr
Shareholders' fundsRs 462 Cr
Total assetsRs 2,181 Cr
Net blockRs 390 Cr
Capital work in progressRs 3 Cr
InvestmentsRs 11 Cr
ReceivablesRs 1,287 Cr
InventoryRs 108 Cr
Other liabilitiesRs 787 Cr
Shares outstanding (crore)2.91
Computed by MarketFriction from the standalone statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
Not enough price history.
Red flags
F-score 6 of 8| explain | Share dilution Share count up 32% in a year, 32% in three |
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.
Latest quarter
No quarterly results published.
Activity
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No bulk or block deals on record.
No corporate actions on record.
No announcements in our files yet.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.
Quick answers
What is the market cap of Varun Industries Ltd?
Varun Industries Ltd (532917) has a market capitalisation of Rs Cr. at the close.