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

439.15

0.79%

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

Varroc Engineering Ltd.

11 Feb 2025

439.15

0.79%

Broker's call: Varroc Engineering (Hold)

Business Line

ICICI Securities

Varroc Engineering Ltd. has lost -26.57% in the last 3 Months

Varroc Engineering Ltd.

10 Feb 2025

439.15

0.79%

to see Rapid results content

Varroc Engineering Ltd.

18 Nov 2024

439.15

0.79%

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

Varroc Engineering Ltd.

13 Nov 2024

439.15

0.79%

to see Rapid results content

Varroc Engineering Ltd.

16 Sep 2024

439.15

0.79%

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

439.15

0.79%

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. is trading below all available SMAs

Varroc Engineering Ltd.

07 Aug 2024

439.15

0.79%

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 Ltd. has lost -26.57% in the last 3 Months

Varroc Engineering Ltd.

21 May 2024, 12:43PM

439.15

0.79%

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

NDTV Profit

Already executing debt reduction

Number of FII/FPI investors increased from 92 to 98 in Dec 2024 qtr.

Varroc Engineering Ltd.

18 May 2024

439.15

0.79%

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