Varroc Engineering Ltd. News and Updates

Name: Latest research reports of Varroc Engineering Ltd. authored by Khambatta Securities and published by - Trendlyne research reports.
Item: Varroc Engineering Ltd.
Rating: 5
Author: Khambatta Securities

Keep track of all breaking news on Varroc Engineering Ltd. from all sources in a single place.

Varroc Engineering Ltd.

18 Feb 2025

407.10

1.55%

Strong order book boosts earnings outlook

Buy: Varroc Engineering Ltd.

Target

Khambatta Securities

Varroc Engineering reported healthy revenue growth of 10.1% y-o-y in 3QFY25. This was driven primarily by a strong showing by the company’s India business, which achieved 9.5% growth despite headwinds in the 2W, 3W and PV markets.

Varroc Engineering Ltd. has lost -32.53% in the last 3 Months

Varroc Engineering Ltd.

11 Feb 2025, 07:19PM

407.10

1.55%

Broker's call: Varroc Engineering (Hold)

Business Line

ICICI Securities

Varroc Engineering Ltd. has lost -29.29% in the last 6 Months

Varroc Engineering Ltd.

10 Feb 2025

407.10

1.55%

to see Rapid results content

Varroc Engineering Ltd.

18 Nov 2024

407.10

1.55%

Strong order book and new products to drive future earnings

Buy: Varroc Engineering Ltd.

Recommendation Target

Khambatta Securities

Varroc Engineering reported healthy revenue growth of 10.3% y-o-y in 2Q FY25. The growth is primarily attributable to the strong performance of the Indian business, which saw a 13.4% expansion, offsetting the decline in overseas operations.

Varroc Engineering Ltd. is trading below all available SMAs

Varroc Engineering Ltd.

13 Nov 2024

407.10

1.55%

to see Rapid results content

Varroc Engineering Ltd.

16 Sep 2024

407.10

1.55%

Modest growth amid overseas challenges

Hold: Varroc Engineering Ltd.

Recommendation Target

Khambatta Securities

Varroc Engineering reported 5.2% y-o-y growth in 1Q FY25, driven by strong growth in India offsetting the decline in overseas operations.
Quarterly EBITDA (excl. MTM FX impact) declined 4.3 % y-o-y as EBITDA margin slid 90 bps y-o-y to 9.1%.

Varroc Engineering L.. has an average target of 585.50 from 2 brokers.

Varroc Engineering Ltd.

13 Aug 2024

407.10

1.55%

Varroc Engineering Q1 Review - Sub-10% Ebitda Margin Trend Continues; Downgrade To Hold: ICICI Securities

NDTV Profit

Company's revenue growth was 6% YoY, with 11% YoY growth in India operations partially offset by negative growth in overseas operations, adds the brokerage.

Varroc Engineering Ltd. has lost -29.29% in the last 6 Months

Varroc Engineering Ltd.

07 Aug 2024

407.10

1.55%

Sub-10% EBITDA margin trend continues; downgrade to HOLD

Hold: Varroc Engineering Ltd.

Recommendation Target

ICICI Securities Limited

Varroc Engineering’s (VAR) EBITDAM stood at 9.2%, down ~30bps YoY, and 100bps lower than consensus estimate in Q1FY25.

Varroc Engineering L.. has an average target of 585.50 from 2 brokers.

Varroc Engineering Ltd.

21 May 2024

407.10

1.55%

Varroc Engineering Q4 Results Review - Decent Performance Adjusting For One-Offs: ICICI Securities

NDTV Profit

Already executing debt reduction

Varroc Engineering Ltd. has lost -32.53% in the last 3 Months

Varroc Engineering Ltd.

18 May 2024

407.10

1.55%

Decent Q4 performance adjusting for one-offs; already executing debt reduction

Buy: Varroc Engineering Ltd.

Recommendation Target

ICICI Securities Limited

Varroc Engineering’s (VAR) EBITDAM stood at 11.2%, up ~190bps QoQ, and 90bps higher than consensus estimate in
Q4FY24, though reported margin included multiple one-offs, including retrospective incentives and provisions from specific EV customer