Varroc Engineering Limited
Varroc Engineering Limited provides aftermarket automotive components and solutions worldwide. It offers e-mobility solutions, such as traction motors, controllers, and DC-DC converters; ice powertrain solutions, including valves, transmission components, crankpins and balancers, and wiper motors; light engines, light control units, and exterior and interior lighting products; and human-machine i… Read more
Varroc Engineering Limited (VARROC) - Net Assets
Latest net assets as of September 2025: ₹17.22 Billion INR
Based on the latest financial reports, Varroc Engineering Limited (VARROC) has net assets worth ₹17.22 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹47.73 Billion) and total liabilities (₹30.51 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹17.22 Billion |
| % of Total Assets | 36.07% |
| Annual Growth Rate | 6.7% |
| 5-Year Change | -47.71% |
| 10-Year Change | -10.39% |
| Growth Volatility | 32.61 |
Varroc Engineering Limited - Net Assets Trend (2013–2025)
This chart illustrates how Varroc Engineering Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for Varroc Engineering Limited (2013–2025)
The table below shows the annual net assets of Varroc Engineering Limited from 2013 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹15.98 Billion | +4.70% |
| 2024-03-31 | ₹15.26 Billion | +51.99% |
| 2023-03-31 | ₹10.04 Billion | -50.14% |
| 2022-03-31 | ₹20.14 Billion | -34.10% |
| 2021-03-31 | ₹30.56 Billion | +0.88% |
| 2020-03-31 | ₹30.29 Billion | -1.98% |
| 2019-03-31 | ₹30.91 Billion | +8.49% |
| 2018-03-31 | ₹28.49 Billion | +29.16% |
| 2017-03-31 | ₹22.06 Billion | +23.69% |
| 2016-03-31 | ₹17.83 Billion | +61.53% |
| 2015-03-31 | ₹11.04 Billion | -1.91% |
| 2014-03-31 | ₹11.25 Billion | +53.37% |
| 2013-03-31 | ₹7.34 Billion | -- |
Equity Component Analysis
This analysis shows how different components contribute to Varroc Engineering Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 302.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹152.79 Million | 0.98% |
| Other Components | ₹23.14 Billion | 147.84% |
| Total Equity | ₹15.65 Billion | 100.00% |
Varroc Engineering Limited Competitors by Market Cap
The table below lists competitors of Varroc Engineering Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Changzhou Galaxy Century Microelectronics Co Ltd
SHG:688689
|
$219.19 Million |
|
Insyde Software
TWO:6231
|
$219.19 Million |
|
Perusahaan Perkebunan London Sumatra Indonesia Tbk PT
JK:LSIP
|
$219.20 Million |
|
Cera Sanitaryware Limited
NSE:CERA
|
$219.27 Million |
|
Beijing ZznodeTechnologies Co Ltd
SHE:003007
|
$219.15 Million |
|
MTM Critical Metals Ltd
AU:MTM
|
$219.14 Million |
|
Ningbo Lehui International Engineering Equipment Co Ltd Class A
SHG:603076
|
$219.13 Million |
|
Hangzhou Kaierda Welding Robot Co Ltd
SHG:688255
|
$219.11 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Varroc Engineering Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 14,970,370,000 to 15,650,640,000, a change of 680,270,000 (4.5%).
- Net income of 612,300,000 contributed positively to equity growth.
- Other comprehensive income decreased equity by 10,023,170,000.
- Other factors increased equity by 10,091,140,000.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹612.30 Million | +3.91% |
| Other Comprehensive Income | ₹-10.02 Billion | -64.04% |
| Other Changes | ₹10.09 Billion | +64.48% |
| Total Change | ₹- | 4.54% |
Book Value vs Market Value Analysis
This analysis compares Varroc Engineering Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 4.83x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 7.02x to 4.83x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2013-03-31 | ₹70.39 | ₹494.25 | x |
| 2014-03-31 | ₹104.37 | ₹494.25 | x |
| 2015-03-31 | ₹112.60 | ₹494.25 | x |
| 2016-03-31 | ₹158.15 | ₹494.25 | x |
| 2017-03-31 | ₹193.58 | ₹494.25 | x |
| 2018-03-31 | ₹209.77 | ₹494.25 | x |
| 2019-03-31 | ₹227.46 | ₹494.25 | x |
| 2020-03-31 | ₹222.87 | ₹494.25 | x |
| 2021-03-31 | ₹224.03 | ₹494.25 | x |
| 2022-03-31 | ₹130.16 | ₹494.25 | x |
| 2023-03-31 | ₹63.89 | ₹494.25 | x |
| 2024-03-31 | ₹97.98 | ₹494.25 | x |
| 2025-03-31 | ₹102.43 | ₹494.25 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Varroc Engineering Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 3.91%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 0.75%
- • Asset Turnover: 1.75x
- • Equity Multiplier: 2.99x
- Recent ROE (3.91%) is above the historical average (-4.25%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2013 | -3.77% | -0.64% | 1.24x | 4.78x | ₹-978.30 Million |
| 2014 | 3.84% | 0.69% | 1.54x | 3.62x | ₹-674.49 Million |
| 2015 | 1.20% | 0.19% | 1.53x | 4.09x | ₹-952.92 Million |
| 2016 | 20.95% | 4.67% | 1.51x | 2.98x | ₹1.93 Billion |
| 2017 | 14.33% | 3.37% | 1.59x | 2.68x | ₹945.62 Million |
| 2018 | 15.92% | 4.38% | 1.50x | 2.42x | ₹1.67 Billion |
| 2019 | 13.87% | 3.53% | 1.38x | 2.85x | ₹1.19 Billion |
| 2020 | 0.01% | 0.00% | 1.01x | 3.66x | ₹-3.00 Billion |
| 2021 | -20.87% | -14.45% | 0.39x | 3.71x | ₹-9.35 Billion |
| 2022 | -55.81% | -18.99% | 0.53x | 5.53x | ₹-13.09 Billion |
| 2023 | -83.98% | -11.90% | 1.49x | 4.73x | ₹-9.17 Billion |
| 2024 | 35.14% | 6.97% | 1.66x | 3.05x | ₹3.76 Billion |
| 2025 | 3.91% | 0.75% | 1.75x | 2.99x | ₹-952.76 Million |
Industry Comparison
This section compares Varroc Engineering Limited's net assets metrics with peer companies in the Auto Parts industry.
Industry Context
- Industry: Auto Parts
- Average net assets among peers: $13,046,583,226
- Average return on equity (ROE) among peers: 17.06%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Varroc Engineering Limited (VARROC) | ₹17.22 Billion | -3.77% | 1.77x | $219.19 Million |
| Apollo Tyres Limited (APOLLOTYRE) | $34.01 Billion | 18.01% | 1.52x | $1.47 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $26.42 Billion | 14.05% | 1.57x | $816.27 Million |
| Automotive Stampings and Assemblies Limited (ASAL) | $562.65 Million | 17.77% | 2.25x | $18.73 Million |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $10.43 Billion | 23.74% | 0.84x | $221.89 Million |
| Automotive Axles Limited (AUTOAXLES) | $3.02 Billion | 6.60% | 0.72x | $86.08 Million |
| Autoline Industries Limited (AUTOIND) | $1.39 Billion | 7.99% | 2.15x | $11.92 Million |
| Balkrishna Industries Limited (BALKRISIND) | $8.61 Billion | 22.59% | 1.53x | $1.99 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $1.36 Billion | 31.89% | 0.52x | $286.08 Million |
| BELRISE INDUSTRIES LTD (BELRISE) | $20.45 Billion | 15.34% | 1.78x | $541.77 Million |
| Bharat Forge Limited (BHARATFORG) | $24.21 Billion | 12.59% | 2.14x | $5.17 Billion |