MarketFriction

Varyaa Creations Ltd

BSE 544168 · Gems, Jewellery And Watches
₹26.00 -3.35%
BSE close2026-10-01
Market cap₹12.7 Cr.
P/E24.4

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Mar 2024Sep 2024Mar 2025Sep 2025Mar 2026
Sales9.9015.3316.029.5325.39
Expenses9.6914.4815.968.5425.09
Operating Profit0.210.850.060.990.30
OPM %2.12%5.54%0.37%10.39%1.18%
Other Income0.230.000.000.030.01
Interest0.000.000.020.130.20
Depreciation0.000.010.010.000.01
Profit before tax0.440.840.030.890.10
Tax %6.82%26.19%766.67%24.72%240.00%
Net Profit0.400.62-0.200.66-0.14
EPS in Rs1.161.29-0.421.38-0.29
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales0.092.475.2321.4031.3434.93
Expenses0.151.854.2517.8030.4333.64
Operating Profit-0.060.620.983.600.911.29
OPM %-66.67%25.10%18.74%16.82%2.90%3.69%
Other Income0.030.060.150.440.000.04
Interest0.100.100.020.000.020.33
Depreciation0.000.000.000.000.010.01
Profit before tax-0.130.581.114.040.880.99
Tax %0.00%0.00%28.83%25.00%51.14%47.47%
Net Profit-0.130.580.793.020.420.52
EPS in Rs-8.6738.6752.678.750.881.09
Dividend Payout %0.00%0.00%0.00%0.00%0.00%0.00%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%229%88%11%
Compounded Profit Growth%43%-13%24%
Stock Price CAGR%%%-31%
Return on Equity%%10%2%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital0.150.150.153.454.794.79
Reserves-0.92-0.340.440.1618.8419.36
Borrowings2.840.450.000.000.004.33
Other Liabilities0.111.1719.414.891.891.12
Total Liabilities2.181.4320.008.5025.5229.60
Fixed Assets0.000.000.000.020.020.03
CWIP0.000.000.000.000.000.00
Investments0.000.000.000.000.000.00
Other Assets2.181.4320.008.4825.5029.57
Total Assets2.181.4320.008.5025.5229.60
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity0.090.093.81-3.72-19.50-3.95
Cash from Investing Activity0.030.000.00-0.02-0.01-0.03
Cash from Financing Activity-0.10-0.10-0.020.0019.594.12
Net Cash Flow0.020.003.79-3.740.090.14
Free Cash Flow0.090.093.81-3.74-19.51-3.98
CFO/OP-150%15%421%-75%-2,093%-270%
Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days0.000.000.000.001.7539.29
Inventory Days9,672.50184.571,366.14172.31227.81271.89
Days Payable486.67232.271,658.1465.153.005.10
Cash Conversion Cycle9,185.83-47.70-292.00107.17226.56306.08
Working Capital Days-5,272.22-104.92-224.0260.21253.19231.04
ROCE %58.37%265.88%192.38%6.61%5.07%
Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.02%72.03%72.03%72.03%72.03%72.02%72.02%72.02%71.98%
Public27.98%27.97%27.98%27.97%27.97%27.97%27.97%27.97%28.02%
No. of Shareholders9481,0271,0511,026990946903880857

Fundamentals

Market Cap₹ 12.7 Cr.
Current Price₹ 26.5
Stock P/E24.4
Book Value₹ 50.4
ROCE5.07 %
ROE2.18 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)11%
Compounded Profit Growth (TTM)24%
Standalone figures.
Valuation
Market capRs 12 Cr
Enterprise valueRs 13 Cr
P/E (TTM)21.47x
Price to book-65.53x
Price to sales5.04x
EV / EBITDA18.96x
EV / EBIT18.96x
EV / sales5.22x
Price to cash flow138.34x
Earnings yield4.66%
Profitability
Operating margin (excl. other income)25.10%
Operating margin (incl. other income)27.53%
EBITDA margin27.53%
Pre-tax margin23.48%
Net profit margin23.48%
ROE-120.83%
ROCE58.37%
ROA32.13%
ROIC (approx.)272.00%
Other income / net worth-31.58%
Growth
Sales growth (latest year)2644.44%
Per share
EPS (TTM)Rs 1.21
EPS (latest year)Rs 38.67
Book value per shareRs -0.40
Sales per shareRs 5.16
Cash flow per shareRs 0.19
Free cash flow per shareRs -8.31
Efficiency
Asset turnover1.73x
Inventory turnover1.98x
Inventory days185 days
Creditor days5 days
Cash conversion cycle306 days
Working capital days231 days
Leverage
Total debtRs 0 Cr
Cash and bankRs 0 Cr
Net debtRs 0 Cr
Debt to equity-2.37x
Net debt / EBITDA0.65x
Interest coverage6.80x
Owners' fund to total sources-13.29%
Debt to assets31.47%
Cash flow
Cash from Operating Activity (latest year)Rs 0 Cr
Cash from Financing Activity (latest year)Rs -0 Cr
Free cash flow (latest year)Rs -4 Cr
FCFE (approx.: FCF + change in debt)Rs -6 Cr
Cash from ops / profit, 5 years-4.37x
Sales to cash flow27.44x
Statement figures
Net sales (TTM)Rs 2 Cr
Net sales (latest year)Rs 2 Cr
Operating profit excl. other income (latest year)Rs 1 Cr
Other income (TTM)Rs 0 Cr
EBITDA (TTM)Rs 1 Cr
PBDT (TTM)Rs 1 Cr
Profit before tax (TTM)Rs 1 Cr
Net profit (TTM)Rs 1 Cr
Net profit (latest year)Rs 1 Cr
Interest (TTM)Rs 0 Cr
Cost of goods sold (latest year)Rs 2 Cr
Total expenditure (latest year)Rs 2 Cr
Total income (latest year)Rs 3 Cr
Share capitalRs 0 Cr
ReservesRs -0 Cr
Shareholders' fundsRs -0 Cr
Total assetsRs 1 Cr
InventoryRs 1 Cr
Other liabilitiesRs 1 Cr
Shares outstanding (crore)0.48
Ownership
Promoter holding71.98% (-0.05 in a year)
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).
Period544168Nifty 50Difference
1 week-0.0%-2.8% +2.7 pts
1 month-1.9%-6.8% +4.9 pts
3 months-21.2%-7.6% -13.6 pts

Red flags

F-score 7 of 8
seriousNegative equity Shareholders' equity is negative
explainWeak cash conversion Cash from operations was 40% of net profit over the last 2 years
explainHigh accruals Profit exceeded operating cash by 34% of total assets in 2026
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

Mar 2026
Sales ₹25 Cr +156.5% vs Mar 2024. Net loss ₹0 Cr.

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 Varyaa Creations Ltd?

Varyaa Creations Ltd (544168) has a market capitalisation of Rs 12.7 Cr. at the 2026-10-01 close.

What is the P/E ratio of Varyaa Creations Ltd?

Varyaa Creations Ltd trades at a P/E of 24.4 on trailing twelve-month profit, at the 2026-10-01 close.

What were Varyaa Creations Ltd's latest quarterly results?

In the Mar 2026 quarter, Varyaa Creations Ltd sales was Rs 25 Cr (+156.5% vs Mar 2024) with a net loss of Rs 0 Cr.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03