Varroc Engineering Limited (VARROC) - Net Assets
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. Also explore Varroc Engineering Limited (VARROC) total assets for the complete picture of this company's asset 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. Check tangible equity quality of Varroc Engineering Limited to evaluate the tangible quality of the company's equity base.
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 market cap of Varroc Engineering Limited.
| 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 |
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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 |
|---|---|
|
Da An Gene Co Ltd of Sun Yat-Sen University
SHE:002030
|
$1.14 Billion |
|
MPC Container Ships ASA
OL:MPCC
|
$1.14 Billion |
|
Genusplus Group Ltd
AU:GNP
|
$1.14 Billion |
|
Generation Development Group Ltd
AU:GDG
|
$1.14 Billion |
|
ChemoMetec A/S
CO:CHEMM
|
$1.13 Billion |
|
Zhejiang Huangma Technology Co Ltd
SHG:603181
|
$1.13 Billion |
|
Jingjin Environmental Protection Co Ltd
SHG:603279
|
$1.13 Billion |
|
AS LHV GROUP EO -10
F:ASU0
|
$1.13 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.
- Other comprehensive income decreased equity by 10,114,220,000.
- Other factors increased equity by 10,169,420,000.
Equity Change Factors (2025 to 2026)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs2.25 Billion | +12.64% |
| Dividends Paid | Rs152.79 Million | -0.86% |
| Other Comprehensive Income | Rs-10.11 Billion | -56.81% |
| Other Changes | Rs10.17 Billion | +57.12% |
| 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: 5.89x
- 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 9.76x to 5.89x 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 | Rs686.90 | x |
| 2014-03-31 | Rs104.37 | Rs686.90 | x |
| 2015-03-31 | Rs112.60 | Rs686.90 | x |
| 2016-03-31 | Rs158.15 | Rs686.90 | x |
| 2017-03-31 | Rs193.58 | Rs686.90 | x |
| 2018-03-31 | Rs209.77 | Rs686.90 | x |
| 2019-03-31 | Rs227.46 | Rs686.90 | x |
| 2020-03-31 | Rs222.87 | Rs686.90 | x |
| 2021-03-31 | Rs224.03 | Rs686.90 | x |
| 2022-03-31 | Rs130.16 | Rs686.90 | x |
| 2023-03-31 | Rs63.89 | Rs686.90 | x |
| 2024-03-31 | Rs97.98 | Rs686.90 | x |
| 2025-03-31 | Rs102.43 | Rs686.90 | x |
| 2026-03-31 | Rs116.54 | Rs686.90 | 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: $27,707,465,800
- Average return on equity (ROE) among peers: 12.26%
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 | $1.13 Billion |
| Asahi India Glass Limited (ASAHIINDIA) | $23.31 Billion | 14.07% | 1.36x | $2.47 Billion |
| ASK AUTOMOTIVE LIMITED (ASKAUTOLTD) | $5.19 Billion | 20.62% | 0.68x | $1.21 Billion |
| Balkrishna Industries Limited (BALKRISIND) | $50.08 Billion | 19.16% | 0.36x | $5.21 Billion |
| Banco Products (I) Limited (BANCOINDIA) | $3.52 Billion | 18.62% | 0.78x | $1.02 Billion |
| Bharat Gears Limited (BHARATGEAR) | $590.89 Million | 16.44% | 2.81x | $20.52 Million |
| Bosch Limited (BOSCHLTD) | $98.13 Billion | 4.91% | 0.50x | $13.17 Billion |
| CEAT Limited (CEATLTD) | $33.40 Billion | 12.94% | 1.43x | $1.55 Billion |
| CIE Automotive India Limited (CIEINDIA) | $51.97 Billion | 7.56% | 0.92x | $1.72 Billion |
| Craftsman Automation Limited (CRAFTSMAN) | $4.92 Billion | 4.23% | 1.80x | $2.67 Billion |
| Divgi Torqtransfer Systems Limited (DIVGIITTS) | $5.97 Billion | 4.09% | 0.11x | $322.67 Million |
About 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