Varroc Engineering Ltd (VARE)

Currency in INR
792.85
+3.25(+0.41%)
Closed·
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Fair Value
Day's Range
768.40797.70
52 wk Range
462.00912.20
Key Statistics
Bid/Ask
793.95 / 796.00
Prev. Close
792.85
Open
782.7
Day's Range
768.4-797.7
52 wk Range
462-912.2
Volume
130.62K
Average Volume (3m)
547.07K
1-Year Change
26.8459%
Fair Value
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Fair Value Upside
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VARROC Scorecardpro icon
Company’s Health
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Fair Value
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Fair Price
Upside
Price Target
870.17
Upside
+9.75%
Members' Sentiments
Bearish
Bullish
ProTips
Trading at a high P/E ratio relative to near-term earnings growth

Varroc Engineering Ltd News & Analysis

Show more

Technical Analysis

Summary
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Buy
Technical Indicators
Strong Buy
Moving Averages
Strong Buy

Analyst Ratings

4 Buy
1 Hold
2 Sell
Ratings:
7 analysts
Overall Consensus
Buy

Analysts 12-Month Price Target:

Average 870.17
(+9.75% Upside)
Firm
ArticlePositionPrice TargetUpside / DownsideFrom Price TargetActionDate
Kotak
Sell740.00-6.67%650.00Maintain05/11/2026
ICICI Securities
Buy880.00+10.99%950.00Maintain05/11/2026
ICICI Securities
Buy800.00+0.90%700.00Maintain07/08/2026
Investec
Buy830.00+4.69%840.00Maintain08/02/2026
Investec
Buy840.00+5.95%800.00Maintain14/01/2026

Varroc Engineering Ltd Earnings Call Summary for Q2/2027

  • Varroc Engineering Q2 FY2027 revenue rose 33.6% YoY to INR 29,479M; EBITDA margin at 8.9%, up from 8.5% QoQ but below 9.1% YoY level.
  • EV-related revenue surged 130% YoY to 19% of total sales; company acquired Forsee Power India to expand battery pack and management capabilities.
  • India EBITDA margin compressed to 10.3% from 10.6% due to war-related cost pressures; management expects recovery to 11.5% by end-FY2027.
  • Company targets INR 2,500 crore in annualized peak revenue wins for FY2027; capex guidance maintained at INR 500-550M with net debt stable.
  • Bajaj concentration risk remains at 46% of revenue; overseas operations growing rapidly but profitability lags, with Romania targeting breakeven by year-end.
Last Updated: 04/11/2026, 11:52
Read Full Transcript

Earnings

Latest Release
04/11/2026
EPS / Forecast
4.25 / 6.80
Revenue / Forecast
29.48B / 27.19B
EPS Revisions
Last 90 days

Dividends

Payout Ratio
Payout ratio (TTM)
Earnings retained
EPS 11.07
Dividend Yield
0.19%
Industry Median 0.86%
Annualised payout
1.50
Paid annually
5-Years Growth
-19.73%
Growth Streak

Compare VARROC to Peers and Sector

Metrics to compare
VARROC
Peers
Sector
Relationship
P/E Ratio
71.9x35.7x9.5x
PEG Ratio
3.350.640.02
Price/Book
6.5x4.9x1.4x
Price / LTM Sales
1.2x2.2x0.8x
Upside (Analyst Target)
−3.7%5.6%29.2%
Fair Value Upside
Unlock−10.3%12.9%Unlock

Varroc Engineering Limited provides aftermarket automotive components and solutions in India, the Asia Pacific, Europe, North America, and internationally. It operates through Automotive and Others segments. The company offers internal combustion engine parts; electrical vehicle products, such as telematics, BMS, charger, DC-DC converter, traction motor/hub motor, and traction motor controller; final drive, pump, and park lock gears; hollow stem, titanium, and sodium valves; headlamps; instrument panel, console, roof rails, door trims, and pillar trims; CMS and DMS, ADAS, telematics, surround view system, video telematics, and advanced infotainment system; and tail gate, surface LED, signature LED lighting 3D effect, and LED signal lamp personalization. It also provides engine valves, transmission components, ICE electronics, ACG and integrated starter generator, starter motors, BLDC motors, electronic fuel injection and injection driver, magneto and regular rectifier, actuator motors, starter clutch assembly, and crankpins and balancers. In addition, the company offers e-powertrain solutions, EV chargers, DC-DC converter, and battery management system; painted parts, exterior and interior molded parts, and functional polymer components; digital instrument clusters, smart telematics and monitoring systems, smart sensors, and ergonomic handlebar switches; lighting solutions; and Varroc Connect, a connected vehicle platform. It serves automotive 2W and 3W original equipment manufacturers (OEMs); EV and new mobility players; commercial vehicle manufacturers; passenger vehicles manufacturing; off-highway and heavy equipment OEMs; industrial and engineering companies; and aftermarket partners. Varroc Engineering Limited was incorporated in 1988 and is headquartered in Aurangabad, India.

Employees
5372
Market
India

Ownership

Ownership Overview

Type
Common Stock Held% of Shares OutstandingMarket Value
Mutual Funds & ETFs
19.35M12.67%15.08B
Other Institutional Investors
12.54M8.21%9.77B
Public Companies & Retail Investors
120.89M79.13%94.19B
Total
152.79M100.00%119.04B

Top Holders

Holder
% of holding
Shares Held
Date Reported
Value (In 1,000s)
HDFC Mutual Fund - HDFC Flexi Cap7.61%11,621,4979,054,889
HDFC Asset Management Company Limited7.37%11,261,1038,774,088

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FAQ

What Is the Varroc Engineering (NSE: VARROC) Share Price Today?

The Varroc Engineering stock price today is 792.85 INR.

What Stock Exchange Does Varroc Engineering (VARROC) Trade On?

Varroc Engineering is listed and trades on the India National Stock Exchange.

What Is the Ticker (Stock Symbol) for Varroc Engineering?

The stock symbol (also called a 'ticker') for Varroc Engineering is "VARROC."

Does Varroc Engineering Pay Dividends? What’s The Current VARROC Dividend Yield?

Yes, VARROC Pays Dividends to its Shareholders. The current Varroc Engineering dividend yield is 0.2%%.

What Is the Current Varroc Engineering Market Capitalisation?

As of today, Varroc Engineering (NSE: VARROC) market cap is 121.14B INR.

What Is Varroc Engineering's (VARROC) Earnings Per Share (TTM)?

The Varroc Engineering EPS is currently 11.07 (Trailing Twelve Months).

When Is the Next Varroc Engineering Earnings Date?

Varroc Engineering's next earnings report will be released on 09/02/2027.

Is VARROC a Buy or Sell From a Technical Analyst Perspective?

Based on today's Varroc Engineering moving averages and other technical indicators, the daily buy/sell signal for VARROC stock is Neutral.

How Many Times Has Varroc Engineering Stock Split?

Varroc Engineering has split 0 times. (See the VARROC stock split history page for full effective split date and price information.)

How Many Employees Does Varroc Engineering Have?

Varroc Engineering has 5372 employees, based on their latest Companies House report.

What is the current trading status of Varroc Engineering (NSE: VARROC)?

As of 06/11/2026, Varroc Engineering (VARROC) is trading at a share price of 792.85 INR, with a previous close of 792.85 INR. The stock has fluctuated within a day range of 768.40 INR to 797.70 INR, while its 52-week range spans from 462.00 INR to 912.20 INR.

What Is Varroc Engineering (VARROC) Price Target According to Analysts?

The average 12-month price target for Varroc Engineering is 870.17 INR, with a high estimate of 1219 INR and a low estimate of 640 INR. 4 analysts recommend buying the stock, while 2 suggest selling, leading to an overall rating of Buy. The stock has an +9.75% Upside potential.
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