Varroc Engineering Limited (VARROC) - Net Assets

Latest as of March 2026: Rs18.41 Billion INR ≈ $199.07 Million USD

Based on the latest financial reports, Varroc Engineering Limited (VARROC) has net assets worth Rs18.41 Billion INR (≈ $199.07 Million USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs48.75 Billion ≈ $527.18 Million USD) and total liabilities (Rs30.34 Billion ≈ $328.11 Million USD). 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. Check Varroc Engineering Limited (VARROC) tangible equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs18.41 Billion
% of Total Assets	37.76%
Annual Growth Rate	7.33%
5-Year Change	-8.6%
10-Year Change	-16.54%
Growth Volatility	31.34

Varroc Engineering Limited - Net Assets Trend (2013–2026)

This chart illustrates how Varroc Engineering Limited's net assets have evolved over time, based on quarterly financial data. See VARROC cash and liquid assets coverage to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Varroc Engineering Limited (2013–2026)

The table below shows the annual net assets of Varroc Engineering Limited from 2013 to 2026. For live valuation and market cap data, see VARROC company net worth.

Year	Net Assets	Change
2026-03-31	Rs18.41 Billion ≈ $199.07 Million	+15.19%
2025-03-31	Rs15.98 Billion ≈ $172.81 Million	+4.70%
2024-03-31	Rs15.26 Billion ≈ $165.05 Million	+51.99%
2023-03-31	Rs10.04 Billion ≈ $108.60 Million	-50.14%
2022-03-31	Rs20.14 Billion ≈ $217.81 Million	-34.10%
2021-03-31	Rs30.56 Billion ≈ $330.50 Million	+0.88%
2020-03-31	Rs30.29 Billion ≈ $327.62 Million	-1.98%
2019-03-31	Rs30.91 Billion ≈ $334.23 Million	+8.49%
2018-03-31	Rs28.49 Billion ≈ $308.08 Million	+29.16%
2017-03-31	Rs22.06 Billion ≈ $238.52 Million	+23.69%
2016-03-31	Rs17.83 Billion ≈ $192.84 Million	+61.53%
2015-03-31	Rs11.04 Billion ≈ $119.39 Million	-1.91%
2014-03-31	Rs11.25 Billion ≈ $121.72 Million	+53.37%
2013-03-31	Rs7.34 Billion ≈ $79.36 Million	--

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 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs152.79 Million	0.86%
Other Components	Rs17.65 Billion	99.14%
Total Equity	Rs17.80 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
Power Generation Corp 3 VN:PGV	$1.01 Billion
TravelSky Technology Limited F:TVL	$1.01 Billion
Aerospace Cf SHG:600855	$1.01 Billion
Guangzhou Guangri Stock Co Ltd SHG:600894	$1.01 Billion
Retail Estates - Sicafi BR:RET	$1.01 Billion
NorthWest Healthcare Properties Real Estate Investment Trust TO:NWH-UN	$1.01 Billion
Shenzhen INVT Electric Co Ltd SHE:002334	$1.01 Billion
MLP Saglik Hizmetleri AS IS:MPARK	$1.01 Billion

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 2025 to 2026, total equity changed from 15,650,640,000 to 17,803,360,000, a change of 2,152,720,000 (13.8%).
Net income of 2,250,310,000 contributed positively to equity growth.
Dividend payments of 152,790,000 reduced retained earnings.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs2.25 Billion	+12.64%
Dividends Paid	Rs152.79 Million	-0.86%
Other Changes	Rs55.20 Million	+0.31%
Total Change	Rs-	13.75%

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: 5.26x
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 8.71x to 5.26x 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	Rs70.39	Rs613.35	x
2014-03-31	Rs104.37	Rs613.35	x
2015-03-31	Rs112.60	Rs613.35	x
2016-03-31	Rs158.15	Rs613.35	x
2017-03-31	Rs193.58	Rs613.35	x
2018-03-31	Rs209.77	Rs613.35	x
2019-03-31	Rs227.46	Rs613.35	x
2020-03-31	Rs222.87	Rs613.35	x
2021-03-31	Rs224.03	Rs613.35	x
2022-03-31	Rs130.16	Rs613.35	x
2023-03-31	Rs63.89	Rs613.35	x
2024-03-31	Rs97.98	Rs613.35	x
2025-03-31	Rs102.43	Rs613.35	x
2026-03-31	Rs116.54	Rs613.35	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): 12.64%
The company shows good efficiency in utilizing shareholder equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 2.53%
• Asset Turnover: 1.82x
• Equity Multiplier: 2.74x
Recent ROE (12.64%) is above the historical average (-3.04%), 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	Rs-978.30 Million
2014	3.84%	0.69%	1.54x	3.62x	Rs-674.49 Million
2015	1.20%	0.19%	1.53x	4.09x	Rs-952.92 Million
2016	20.95%	4.67%	1.51x	2.98x	Rs1.93 Billion
2017	14.33%	3.37%	1.59x	2.68x	Rs945.62 Million
2018	15.92%	4.38%	1.50x	2.42x	Rs1.67 Billion
2019	13.87%	3.53%	1.38x	2.85x	Rs1.19 Billion
2020	0.01%	0.00%	1.01x	3.66x	Rs-3.00 Billion
2021	-20.87%	-14.45%	0.39x	3.71x	Rs-9.35 Billion
2022	-55.81%	-18.99%	0.53x	5.53x	Rs-13.09 Billion
2023	-83.98%	-11.90%	1.49x	4.73x	Rs-9.17 Billion
2024	35.14%	6.97%	1.66x	3.05x	Rs3.76 Billion
2025	3.91%	0.75%	1.75x	2.99x	Rs-952.76 Million
2026	12.64%	2.53%	1.82x	2.74x	Rs469.97 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: $10,366,605,260
Average return on equity (ROE) among peers: 11.50%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Varroc Engineering Limited (VARROC)	Rs18.41 Billion	-3.77%	1.65x	$1.01 Billion
Asahi India Glass Limited (ASAHIINDIA)	$1.98 Billion	1.00%	8.68x	$2.37 Billion
ASK AUTOMOTIVE LIMITED (ASKAUTOLTD)	$6.32 Billion	13.08%	0.75x	$987.66 Million
Balkrishna Industries Limited (BALKRISIND)	$3.47 Billion	23.92%	1.79x	$4.67 Billion
Banco Products (I) Limited (BANCOINDIA)	$5.89 Billion	15.26%	0.61x	$1.03 Billion
Bharat Gears Limited (BHARATGEAR)	$475.08 Million	8.51%	2.52x	$20.83 Million
Bosch Limited (BOSCHLTD)	$25.63 Billion	23.77%	0.52x	$12.77 Billion
CEAT Limited (CEATLTD)	$6.54 Billion	4.20%	3.39x	$1.52 Billion
CIE Automotive India Limited (CIEINDIA)	$46.34 Billion	7.64%	0.88x	$1.87 Billion
Craftsman Automation Limited (CRAFTSMAN)	$4.92 Billion	4.23%	1.80x	$2.45 Billion
Divgi Torqtransfer Systems Limited (DIVGIITTS)	$2.10 Billion	13.38%	0.45x	$281.33 Million

About Varroc Engineering Limited

NSE:VARROC India Auto Parts

Market Cap

$1.01 Billion

Rs93.71 Billion INR

Market Cap Rank

#9012 Global

#436 in India

Share Price

Rs613.35

Change (1 day)

-1.02%

52-Week Range

Rs467.40 - Rs669.95

All Time High

Rs1132.61