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Varroc Engineering share price & results

Varroc Engineering Limited· Automobile and Auto Components· Consumer Discretionary

Results to
Jun 2026
Latest analysed call
Q1 FY27
Ownership as of
Sept 2026

Auto-parts maker of lighting, powertrain, body/polymer and EV/HMI systems for 2W, 3W, 4W OEMs like Bajaj.

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Reported

The figures, each with its period

Each figure keeps its basis and period; nothing is filled in.

MetricValueChangeBasisPeriodNote
Revenue2,634 ₹ crore+29.9% YoYQuarterly, as filedQuarter to Jun 2026Revenue from operations as filed.
Operating margin8.0 %−2.0 pts YoYOperating profit / revenueQuarter to Jun 2026For the quarter; a change is in percentage points.
Net profit78.0 ₹ crore−27.1% YoYQuarterly, as filedQuarter to Jun 2026Profit after tax as filed.
Return on equity17.11 %+7.7 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Adjusted profit attributable to owners ÷ average owners’ equity.
Free cash flow margin0.98 %−4.7 ptsFY Mar 2026 vs FY Mar 2025Fiscal yearFY ending Mar 2026(Operating cash flow − fixed-asset purchases + disposals) ÷ revenue.
Revenue growth (YoY)14.66 %+1.1 ptsFY Mar 2026 vs FY Mar 2025Trailing twelve monthsTTM to Jun 2026Revenue change against the same period one year earlier.

Source: Inve data from filed results; ratios from the Screener-verified panel · to Jun 2026

Guidance

What management said, and what became of it

1 of 3 judged targets kept · 13 open · verdicts reflect calls analysed to Q1 FY27.

Varroc Engineering Limited management guidance track record on Inve: 16 targets tracked across analysed earnings calls (1 achieved, 2 missed, 13 open).

TargetOriginal wordingSaidLatest callVerdict
Renewable Energy ShareImprove to over 50% in the coming year.
Call transcript, Q4 FY25 · 29 May 2025		Q4 FY25Q1 FY27:Promise achieved in Q1 FY26. No new updates.
Call transcript, Q1 FY27 · 6 Aug 2026		Achieved
Revenue Growth PremiumGrow 6% to 8% more than the market.
Call transcript, Q4 FY25 · 29 May 2025		Q4 FY25Q1 FY27:The relative growth vs market metric was not mentioned again. Management provided absolute growth guidance for FY27.
Call transcript, Q1 FY27 · 6 Aug 2026		Ghosted
Net DebtReduce net debt by INR 400-500 crores in FY26.
Call transcript, Q4 FY25 · 29 May 2025		Q4 FY25Q1 FY27:Net debt increased to INR 527 cr from INR 495 cr due to capex and working capital. The FY28 zero-debt target is at risk.
Call transcript, Q1 FY27 · 6 Aug 2026		At Risk

Source: Inve Guidance Tracker for Varroc Engineering Limited · to Q1 FY27

A verdict describes what became of management’s own words in later analysed calls. “Delayed” is a change of date, “went quiet” a target the calls stopped mentioning. None of it is a judgement on the investment. The methodology sets out how verdicts are recorded.

2 of Varroc Engineering Limited's 16 targets were missed. See which ones, and which are quietly gone. The 3 above are the free sample; 13 more targets are in the full ledger.

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Price

₹778.55 +1.87% · +₹14.3

Last close 26 Oct 2026 · NSE · INR · Source: Inve

Performance +28.2% 1Y

₹500₹600₹700₹800₹900Oct 25Dec 25Jan 26Mar 26Apr 26Jun 26Jul 26Sept 26Oct 26Q2 FY26 — 12 Nov 2025Q3 FY26 — 5 Feb 2026Q4 FY26 — 27 May 2026Q1 FY27 — 6 Aug 2026

1Y: ₹607.45 on 24 Oct 2025 → ₹778.55. High ₹884.4 (10 Sept 2026), low ₹467.4 (30 Mar 2026).

Previous close
₹764.25
Market cap
₹11.9k Cr
52-week range
₹467.4 – ₹884.4
One year
+28.54%
Price to earnings (TTM to Jun 2026)
41.56×
Return on equity (TTM to Jun 2026)
17.11%

Overview

Symbol
NSE:VARROC
Industry
Consumer Discretionary
Exchange
NSE
Currency
INR

What Varroc Engineering Limited does

Based on the company's own presentations, annual report and earnings calls.

Varroc Engineering is a Tier-1 automotive components supplier that designs, develops and manufactures body/polymer parts, ICE powertrain components, lighting systems, electric-vehicle powertrain modules (motors, chargers, BMS) and HMI/connectivity electronics (instrument clusters, telematics, ADAS) for two-wheeler, three-wheeler, four-wheeler and commercial-vehicle OEMs. It earns by designing and supplying these parts and systems to vehicle manufacturers in India and overseas, with Bajaj Auto as its largest single customer alongside other domestic and international OEMs. Manufacturing and R&D is spread across India and low-cost overseas hubs in China, Poland, Romania, Vietnam, Thailand and Italy, allowing it to serve customers both domestically and internationally.

Segments

  • Body Parts (Polymer/Body Systems)
  • ICE Powertrain Solutions
  • Lighting Solutions
  • After Market
  • E-Mobility
  • HMI Connectivity
Manufacturing facilities (India)
37
R&D centres
7
Countries with manufacturing/R&D presence
8
R&D employees
800+
Manufacturing/R&D footprint
India, China, Poland, Romania, Vietnam, Thailand, Italy
Body/Polymer business plants
14 plants plus 1 integrated plant, 2 R&D centres
Founded 1988Headquarters Waluj, Aurangabad, Maharashtra, India Company website

How the price took the results

close before → close after

Q1 FY27
+2.8%
6 Aug
Q4 FY26
+2.2%
27 May
Q3 FY26
−5.2%
5 Feb
Q2 FY26
+0.5%
12 Nov

The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.

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