Price
Financials
Standalone, Rs crore| Mar 2012 | Jun 2012 | Sep 2012 | Dec 2012 | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 80 | 154 | 86 | 56 | 45 | 56 | 36 | 7 | -25 | 0 | 0 | 30 |
| Expenses | 21 | -29 | 67 | 54 | 46 | 54 | 45 | 176 | 37 | 69 | 55 | 53 |
| Operating Profit | 59 | 183 | 19 | 3 | -1 | 2 | -9 | -169 | -62 | -69 | -55 | -23 |
| OPM % | 74% | 119% | 22% | 4.8% | -1.7% | 3.1% | -25% | -2,301% | -75% | |||
| Other Income | -141 | 25 | -72 | 41 | 5 | 53 | 34 | -14 | -11 | -1 | -7 | -8 |
| Interest | 34 | 41 | 48 | 41 | 35 | 31 | 51 | 45 | 35 | 39 | 39 | 51 |
| Depreciation | 23 | 22 | 15 | 17 | 17 | 22 | 29 | 27 | 12 | 25 | 25 | 26 |
| Profit before tax | -139 | 145 | -116 | -14 | -48 | 2 | -55 | -255 | -119 | -135 | -126 | -108 |
| Tax % | -0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 1% | 0% | 0% | 0% |
| Net Profit | -138 | 145 | -116 | -14 | -48 | 2 | -55 | -255 | -120 | -135 | -126 | -108 |
| EPS in Rs | -9.23 | 9.68 | -7.74 | -0.93 | -3.18 | 0.14 | -3.66 | -17.02 | -8.00 | -9.00 | -8.39 | -7.19 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 18m | TTM | |
|---|---|---|---|---|---|---|---|---|
| Sales | 643 | 673 | 945 | 915 | 666 | 491 | 466 | 5 |
| Expenses | 256 | 349 | 372 | 528 | 663 | 810 | 702 | 214 |
| Operating Profit | 387 | 323 | 573 | 386 | 3 | -319 | -236 | -209 |
| OPM % | 60% | 48% | 61% | 42% | 0.4% | -65% | -51% | -4,056% |
| Other Income | 1 | 101 | 7 | 157 | 481 | 730 | 779 | -27 |
| Interest | 76 | 111 | 140 | 145 | 193 | 216 | 360 | 164 |
| Depreciation | 130 | 166 | 212 | 271 | 236 | 178 | 144 | 88 |
| Profit before tax | 183 | 148 | 228 | 127 | 54 | 17 | 38 | -488 |
| Tax % | 1% | 4% | 1% | 3% | 77% | 12% | -2% | |
| Net Profit | 181 | 141 | 226 | 123 | 13 | 15 | 38 | -489 |
| EPS in Rs | 9.90 | 15.05 | 8.19 | 0.84 | 0.98 | 2.56 | -32.58 | |
| Dividend Payout % | 29% | 45% | 33% | 61% | 96% | 81% | 20% |
| 10 Years | 5 Years | 3 Years | TTM | 1 Year | Last Year | |
|---|---|---|---|---|---|---|
| Compounded Sales Growth | % | -7% | -20% | -96% | ||
| Compounded Profit Growth | % | % | % | -10% | ||
| Stock Price CAGR | % | % | % | % | ||
| Return on Equity | % | -12% | -31% | -31% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | Sep 2014 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 117 | 143 | 150 | 150 | 150 | 150 | 150 | 150 |
| Reserves | 358 | 581 | 765 | 663 | 662 | 663 | 692 | -58 |
| Borrowings | 1,328 | 1,793 | 2,201 | 2,847 | 2,739 | 2,704 | 1,343 | 1,023 |
| Other Liabilities | 95 | 105 | 157 | 182 | 175 | 330 | 567 | 1,005 |
| Total Liabilities | 1,897 | 2,622 | 3,272 | 3,843 | 3,726 | 3,847 | 2,753 | 2,120 |
| Fixed Assets | 1,760 | 2,444 | 3,130 | 3,536 | 2,947 | 1,892 | 653 | 567 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 21 | 21 | 21 | 21 | 42 | 27 | 50 | 349 |
| Other Assets | 116 | 157 | 122 | 286 | 737 | 1,927 | 2,049 | 1,204 |
| Total Assets | 1,897 | 2,622 | 3,272 | 3,843 | 3,726 | 3,847 | 2,753 | 2,120 |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 410 | 323 | 671 | 295 | -87 | 370 | -358 |
| Cash from Investing Activity | -1,066 | -798 | -906 | -649 | 355 | -118 | 2,394 |
| Cash from Financing Activity | 617 | 474 | 238 | 409 | -327 | -270 | -1,718 |
| Net Cash Flow | -39 | -1 | 2 | 56 | -59 | -18 | 319 |
| Free Cash Flow | -657 | -477 | -238 | -355 | 496 | 508 | 876 |
| CFO/OP | 106% | 101% | 117% | 77% | -3,013% | -130% | 150% |
| Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Sep 2012 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 27 | 29 | 22 | 25 | 182 | 106 | 614 |
| Inventory Days | |||||||
| Days Payable | |||||||
| Cash Conversion Cycle | 27 | 29 | 22 | 25 | 182 | 106 | 614 |
| Working Capital Days | -8 | 9 | -28 | 4 | 289 | 532 | 298 |
| ROCE % | 10% | 13% | 6% | 0% | -3% | 3% |
Fundamentals
Market Cap₹ Cr.
Current Price₹ 9.85
Book Value₹ 6.12
ROCE3.47 %
ROE-31.3 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)-96%
Compounded Profit Growth (TTM)-10%
Standalone figures.
Valuation
Market capRs 148 Cr
Enterprise valueRs 2,901 Cr
Price to book0.18x
Price to sales0.16x
EV / sales3.17x
Price to cash flow0.50x
Earnings yield-330.72%
Dividend yield50.76%
P/E, 3-year average5.06x
P/B, 3-year average0.99x
Profitability
Operating margin (excl. other income)42.25%
Operating margin (incl. other income)59.45%
EBITDA margin-25.82%
Pre-tax margin-53.34%
Net profit margin-53.43%
Net margin, latest quarter-355.72%
ROE14.21%
ROCE8.05%
ROA3.45%
ROE, 3-year average21.79%
ROCE, 3-year average11.02%
ROA, 3-year average5.79%
ROIC (approx.)-8.77%
Tax rate3.39%
Other income / net worth19.34%
Growth
Sales growth (latest year)-3.23%
Profit growth (latest year)-45.61%
Sales CAGR, 3 years12.47%
Profit CAGR, 3 years-12.11%
Sales growth YoY (latest quarter)313.78%
Per share
EPS (TTM)Rs -32.58
EPS (latest year)Rs 8.19
EPS (latest quarter)Rs -7.19
EPS, 3-year averageRs 11.05
Book value per shareRs 54.22
Sales per shareRs 60.97
Cash flow per shareRs 19.67
Free cash flow per shareRs 58.40
Dividend per share (latest year)Rs 5.00
Dividend per share, 3-year averageRs 4.83
Dividends
Dividend payout61.07%
Dividend payout, 3-year average46.58%
Efficiency
Asset turnover0.24x
Fixed asset turnover0.26x
Inventory turnover21.75x
Inventory days17 days
Debtor days25 days
Debtors turnover14.82x
Cash conversion cycle614 days
Working capital days298 days
Leverage
Total debtRs 2,847 Cr
Cash and bankRs 93 Cr
Net debtRs 2,754 Cr
Debt to equity3.50x
Interest coverage-1.97x
Owners' fund to total sources21.17%
Debt to assets74.09%
Cash flow
Cash from Operating Activity (latest year)Rs 295 Cr
Cash from Investing Activity (latest year)Rs -649 Cr
Cash from Financing Activity (latest year)Rs 409 Cr
Net Cash Flow (latest year)Rs 56 Cr
Free cash flow (latest year)Rs 876 Cr
FCFE (approx.: FCF + change in debt)Rs 1,522 Cr
Cash from ops / profit, 5 years3.03x
Sales to cash flow3.10x
Statement figures
Net sales (TTM)Rs 915 Cr
Net sales (latest year)Rs 915 Cr
Sales (latest quarter)Rs 30 Cr
Operating profit excl. other income (latest year)Rs 386 Cr
Operating profit (latest quarter)Rs -23 Cr
Other income (TTM)Rs -27 Cr
EBITDA (TTM)Rs -236 Cr
PBDT (TTM)Rs -400 Cr
Profit before tax (TTM)Rs -488 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs -489 Cr
Net profit (latest year)Rs 123 Cr
Net profit (latest quarter)Rs -108 Cr
Depreciation (TTM)Rs 88 Cr
Depreciation (latest quarter)Rs 26 Cr
Interest (TTM)Rs 164 Cr
Cost of goods sold (latest year)Rs 287 Cr
Total expenditure (latest year)Rs 528 Cr
Total income (latest year)Rs 1,072 Cr
Share capitalRs 150 Cr
ReservesRs 663 Cr
Shareholders' fundsRs 813 Cr
Total assetsRs 3,843 Cr
Net blockRs 3,536 Cr
InvestmentsRs 21 Cr
ReceivablesRs 62 Cr
InventoryRs 13 Cr
Other liabilitiesRs 182 Cr
Shares outstanding (crore)15.00
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).
| Period | VARUNSHIP | Nifty 50 | Difference |
|---|---|---|---|
| 1 week | +9.4% | -2.8% | +12.2 pts |
| 1 month | -8.4% | -6.8% | -1.6 pts |
| 3 months | +68.4% | -7.6% | +76.0 pts |
| 6 months | +56.3% | +0.4% | +55.9 pts |
| 1 year | +6.5% | -9.9% | +16.4 pts |
| 2 years | +50.4% | -13.6% | +63.9 pts |
| 3 years | -35.2% | +14.2% | -49.4 pts |
| 5 years | -75.4% | +27.9% | -103.3 pts |
Red flags
F-score 4 of 8| look | Profit leans on other income Other income was 124% of pre-tax profit in 2012 |
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
Dec 2014Sales ₹30 Cr +328.6% vs Dec 2013.
Net loss ₹108 Cr.
Activity
Compare| Company | Mcap (Cr) | P/E | ROCE |
|---|---|---|---|
| Great Eastern Shipping Company Ltd | 21,955 | 5.86 | 15.8 % |
| Shipping Corporation of India Ltd | 12,712 | 7.86 | 13.9 % |
| Shreeji Shipping Global Ltd | 12,436 | 77.8 | 26.4 % |
| SEAMEC Ltd | 4,199 | 16.4 | 19.7 % |
| ABS Marine Services Ltd | 782 | 9.95 | 20.7 % |
| Transworld Shipping Lines Ltd | 358 | -4.53 % | |
| Essar Shipping Ltd | 347 | % | |
| Sadhav Shipping Ltd | 177 | 12.1 | 8.89 % |
| Garware Offshore Services Ltd | 133 | -5.85 % | |
| Chowgule Steamships Ltd | 75 | 342 | 2.52 % |
| Arvind Port & Infra Ltd | 56 | 68.0 | 2.20 % |
| Fly-Hi Maritime Travels Ltd | 52 | 6.09 | 49.7 % |
| Datiware Maritime Infra Ltd | 30 | 0.96 % | |
| Shahi Shipping Ltd | 16 | -14.6 % |
No bulk or block deals on record.
| Ex-date | Action | Factor |
|---|---|---|
| 2013-01-22 | Annual General Meeting/Dividend Re 0.50 Per Share | |
| 2012-12-07 | Annual Book Closure | |
| 2011-07-28 | Annual General Meeting And Dividend Re.0.80 Per Share | |
| 2010-07-21 | Annual General Meeting And Dividend Re.0.80 Per Share | |
| 2009-07-10 | Agm/Div-Rs.1.50 Per Share | |
| 2009-02-02 | 3rd Interim Dividend-15% Purpose Revised | |
| 2008-10-29 | 2nd Interim Dividend -15%Purpose Revised | |
| 2008-08-29 | 1st Interim Dividend - 5% | |
| 2008-07-10 | Agm/Div-Rs.2 Per Share | |
| 2008-01-28 | 2nd Int Div-Rs1.50 Per Sh | |
| 2007-11-05 | Int Div-Rs.1.50 Per Sh Purpose Revised | |
| 2007-07-30 | Agm/Fin Div-Rs1.50 Per Sh | |
| 2007-02-06 | 2nd Int Div-Rs1.50 Per Sh | |
| 2006-11-13 | Int Div-Rs.1.50/- Per Sh | |
| 2006-08-28 | Agm/Div-Rs.1.50 Per Share |
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 Shipping Company Ltd?
Varun Shipping Company Ltd (VARUNSHIP) has a market capitalisation of Rs Cr. at the 2015-07-29 close.
What were Varun Shipping Company Ltd's latest quarterly results?
In the Dec 2014 quarter, Varun Shipping Company Ltd sales was Rs 30 Cr (+328.6% vs Dec 2013) with a net loss of Rs 108 Cr.