Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Varroc Engineering Ltd
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 1,699 | 1,806 | 1,887 | 1,885 | 1,975 | 1,899 | 2,081 | 2,075 | 2,099 | 2,028 | 2,207 | 2,288 | 2,368 |
| Expenses + | 1,534 | 1,623 | 1,693 | 1,709 | 1,754 | 1,725 | 1,873 | 1,889 | 1,878 | 1,833 | 2,004 | 2,078 | 2,146 |
| Operating Profit | 165 | 183 | 194 | 176 | 221 | 174 | 208 | 186 | 221 | 195 | 203 | 210 | 222 |
| OPM % | 10% | 10% | 10% | 9% | 11% | 9% | 10% | 9% | 11% | 10% | 9% | 9% | 9% |
| Other Income + | 21 | -9 | 15 | 34 | 12 | 6 | 7 | -88 | -51 | 67 | 3 | -100 | 7 |
| Interest | 53 | 49 | 50 | 50 | 45 | 44 | 43 | 42 | 41 | 36 | 32 | 31 | 35 |
| Depreciation | 92 | 80 | 85 | 89 | 82 | 80 | 82 | 81 | 81 | 81 | 83 | 82 | 86 |
| Profit before tax | 41 | 44 | 74 | 71 | 105 | 56 | 91 | -25 | 47 | 144 | 92 | -3 | 109 |
| Tax % | 3% | 23% | 25% | -443% | 44% | 39% | 36% | 82% | 51% | 25% | 31% | 245% | 35% |
| Net Profit + | 40 | 34 | 56 | 384 | 58 | 34 | 58 | -45 | 23 | 107 | 63 | -11 | 70 |
| EPS in Rs | 2.59 | 2.11 | 3.55 | 25.05 | 3.72 | 2.12 | 3.64 | -3.10 | 1.35 | 6.88 | 3.99 | -0.67 | 4.54 |
Financials of Varroc Engineering Ltd
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 6,770 | 7,909 | 9,299 | 10,279 | 12,036 | 11,122 | 4,374 | 5,844 | 6,891 | 7,552 | 8,154 | 8,890 |
| Expenses + | 6,206 | 7,341 | 8,716 | 9,398 | 10,978 | 10,306 | 4,036 | 5,484 | 6,316 | 6,796 | 7,379 | 8,061 |
| Operating Profit | 564 | 568 | 582 | 881 | 1,059 | 816 | 338 | 360 | 575 | 756 | 775 | 830 |
| OPM % | 8% | 7% | 6% | 9% | 9% | 7% | 8% | 6% | 8% | 10% | 10% | 9% |
| Other Income + | 229 | 73 | 172 | 108 | 122 | 94 | -556 | -996 | -821 | 69 | -112 | -22 |
| Interest | 475 | -43 | 90 | 86 | 97 | 139 | 89 | 118 | 190 | 194 | 170 | 134 |
| Depreciation | 254 | 292 | 337 | 386 | 566 | 732 | 274 | 305 | 337 | 337 | 323 | 332 |
| Profit before tax | 63 | 392 | 327 | 516 | 519 | 39 | -581 | -1,059 | -773 | 294 | 169 | 341 |
| Tax % | 73% | 6% | 4% | 13% | 17% | 94% | 8% | 5% | 6% | -81% | 59% | 33% |
| Net Profit + | 17 | 370 | 313 | 451 | 429 | 3 | -629 | -1,107 | -817 | 532 | 70 | 230 |
| EPS in Rs | 16.06 | 353.36 | 254.29 | 36.57 | 31.54 | 0.01 | -41.36 | -72.64 | -53.66 | 34.43 | 4.01 | 14.73 |
| Dividend Payout % | 16% | 1% | 13% | 1% | 14% | 21,284% | 0% | 0% | 0% | 0% | 25% | 10% |
Financials of Varroc Engineering Ltd
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 10 | 10 | 11 | 12 | 13 | 13 | 15 | 15 | 15 | 15 | 15 | 15 |
| Reserves | 1,073 | 1,737 | 2,172 | 2,815 | 3,053 | 2,991 | 3,013 | 1,973 | 961 | 1,482 | 1,550 | 1,765 |
| Borrowings + | 1,651 | 1,617 | 1,510 | 1,194 | 2,432 | 4,255 | 3,695 | 1,625 | 1,806 | 1,390 | 1,118 | 925 |
| Other Liabilities + | 1,695 | 1,869 | 2,154 | 2,780 | 3,142 | 3,644 | 4,369 | 7,375 | 1,832 | 1,643 | 1,984 | 2,170 |
| Total Liabilities | 4,428 | 5,233 | 5,847 | 6,802 | 8,641 | 10,904 | 11,092 | 10,989 | 4,614 | 4,530 | 4,667 | 4,875 |
| Fixed Assets + | 2,054 | 2,390 | 2,396 | 2,804 | 3,560 | 5,283 | 5,231 | 2,046 | 2,051 | 2,027 | 2,016 | 2,288 |
| CWIP | 178 | 315 | 293 | 344 | 999 | 790 | 856 | 140 | 135 | 80 | 103 | 95 |
| Investments | 22 | 12 | 293 | 360 | 362 | 330 | 376 | 388 | 421 | 530 | 69 | 88 |
| Other Assets + | 2,174 | 2,515 | 2,867 | 3,294 | 3,720 | 4,500 | 4,629 | 8,416 | 2,007 | 1,893 | 2,479 | 2,403 |
| Total Assets | 4,428 | 5,233 | 5,847 | 6,802 | 8,641 | 10,904 | 11,092 | 10,989 | 4,614 | 4,530 | 4,667 | 4,875 |
Financials of Varroc Engineering Ltd
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 128 | 290 | 676 | 1,075 | 474 | 1,414 | 474 | 636 | 686 | 638 | 737 | |
| Cash from Investing Activity + | -286 | -575 | -577 | -545 | -1,769 | -1,259 | -613 | -762 | -448 | -166 | -245 | |
| Cash from Financing Activity + | 70 | 386 | 94 | -523 | 1,129 | 733 | -152 | -335 | -216 | -664 | -490 | |
| Net Cash Flow | -87 | 101 | 193 | 6 | -166 | 888 | -292 | -461 | 22 | -192 | 1 | |
| Free Cash Flow | -222 | -309 | 52 | 497 | -951 | 27 | -254 | -208 | 116 | 420 | 465 | |
| CFO/OP | 33% | 58% | 125% | 136% | 57% | 189% | 146% | 197% | 135% | 92% | 94% |
Financials of Varroc Engineering Ltd
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 58 | 55 | 45 | 50 | 41 | 36 | 137 | 32 | 32 | 24 | 30 | 30 |
| Inventory Days | 51 | 49 | 46 | 49 | 43 | 56 | 164 | 58 | 55 | 52 | 51 | 60 |
| Days Payable | 90 | 92 | 94 | 114 | 99 | 124 | 396 | 127 | 99 | 94 | 98 | 97 |
| Cash Conversion Cycle | 19 | 12 | -3 | -15 | -15 | -32 | -95 | -36 | -12 | -19 | -16 | -8 |
| Working Capital Days | 22 | 21 | -17 | -16 | -49 | -96 | -217 | -18 | -77 | -33 | -35 | -20 |
| ROCE % | 11% | 12% | 16% | 13% | 3% | 3% | 2% | 8% | 17% | 17% | 19% |