NSE: VARROC | BSE: 541578

Mid-range Performer

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550.00 0.00 (0.00%)

47.02% Gain from 52W Low

197.3K NSE+BSE Volume

NSE 06 Jun, 2025 3:31 PM (IST)

8,403.3

Market Cap

High in industry

Beta 1Year

Average volatility

Varroc Engineering Ltd. share price target and research reports

Latest analyst research reports with target prices and PDF download for VARROC, BSE:541578 Varroc Engineering Ltd.

Varroc Engineering Ltd.

15 Nov 2022

Steady India performance; debt-reduction the key

Buy: Varroc Engineering Ltd.

Target

ICICI Securities Limited

Varroc Engineering’s (VAR) adjusted EBITDA margin for Q2FY23 came in at 9.2% against our estimate of 8.6%, with India operations margin at 9.8% and overseas 3%. Revenue grew 12% QoQ to Rs18.3bn led by 17% QoQ rise in India business.

Varroc Engineering Ltd. is trading above all available SMAs

Varroc Engineering Ltd.

15 Aug 2022

Undergoing consolidation before turnaround

Buy: Varroc Engineering Ltd.

ICICI Securities Limited

Varroc Engineering’s (VAR) ongoing operations’ revenue declined marginally ~1% QoQ to Rs16.3bn, with QoQ decline being led by ex-India operations of Italy forging and global 2W lighting.

Varroc Engineering Ltd. has gained 28.03% in the last 1 Month

Varroc Engineering Ltd.

05 May 2022

Varroc Engineer

Buy: Varroc Engineering Ltd.

Recommendation Target

Khambatta Securities

Varroc Engineering Ltd. has gained 23.08% in the last 3 Months

Varroc Engineering Ltd.

17 Feb 2022

Varroc Engineer

Hold: Varroc Engineering Ltd.

Khambatta Securities

Varroc Engineering L.. has an average target of 593.00 from 2 brokers.

Varroc Engineering Ltd.

11 Nov 2020

Varroc Engineer

Buy: Varroc Engineering Ltd.

Dolat Capital

In the past two years, high capex, leveraged BS and demand slowdown, both in India and global markets, impacted earnings and cash flows of Varroc Engineering (VAR). However, we expect that the worst is behind and project strong earnings growth over the next 2-3 years supported by 1) revival in demand across key global markets, 2) cut in capex will help generate strong FCF and de-leverage balance sheet, 3) incremental revenue from past capacity addition (capex of ~Rs 28bn in...

Varroc Engineering Ltd. has gained 23.08% in the last 3 Months

Varroc Engineering Ltd.

21 Dec 2018

VARROC ENGINEERING LIMITED

Buy: Varroc Engineering Ltd.

Joindre Capital Services

Varroc Engineering Ltd. is a global tier-1 auto components supplier engaged in the design, manufacture and supply of auto exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components used in passenger cars, commercial vehicles, 2-wheelers (2W), 3-wheelers (3W), and off-highway vehicles (OHV) OEMs. Varroc Lighting Systems division is the sixth-largest supplier globally and one of the top three independent exterior lighting suppliers. Varroc's business consists 1) Global Lighting Business involved in design, manufacture and supply of exterior lighting for passenger cars,with the products sold to OEMs globally; 2) India Business involved in design, manufacture and supply of a variety of...

Varroc Engineering Ltd. is trading above all available SMAs

Varroc Engineering Ltd.

26 Jun 2018

Varroc Engineering Limited

IPO Avoid: Varroc Engineering Ltd.

SMC online

Varroc Engineering Limited is a global tier-1 automotive component group. The company designs, manufactures and supplies exterior lighting systems, plastic and polymer components, electricals-electronics components, and precision metallic components to various automobile companies worldwide. It is the second largest Indian auto component group and a leading tier-1 manufacturer and supplier to Indian two-wheeler and threewheeler OEMs. The company has expanded in India through acquisitions, mergers, jointventures and has expanded its manufacturing and R&D; footprint by investing in nine manufacturing plants and an additional R&D; center in India since 2012. The company has two primary business lines: (1) the Global Lighting Business under which it design, manufacture and supply of exterior lighting systems to passenger cars OEMs worldwide...

Varroc Engineering L.. has an average target of 593.00 from 2 brokers.

Varroc Engineering Ltd.

25 Jun 2018