Varroc Engineering Ltd
About
Varroc Engineering is a global automotive technology solution company. Based in Aurangabad, India, Varroc operates 36 manufacturing plants, 7 R&D centers and employs more than 7,000 people across 7 different countries. The firm designs, develops, and manufactures electrical, electronics, lighting, polymer, metallic, and advanced safety solutions for OEMs worldwide in the two-wheeler, three-wheeler, passenger car, commercial vehicle, and off-highway vehicle segments. Additionally, Varroc has a strong aftermarket division serving over 27 countries across the globe. A major initiative is the Kham River Project. Varroc has taken on the responsibility of conserving and maintaining the Kham River Project, aided by the Aurangabad Municipal Corporation, the Aurangabad Cantonment Board, and Ecosattva as the Knowledge Partner.
Featured In Fortune India Ranking
Financial Data 2024
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 7650 10.2% | 6941 17.0% | 5932 29.0% | 4597 -59.2% | 11254 -7.6% | 12185 17.0% | 10417 9.6% | 9507 18.4% | 8031 14.9% | 6993 13.9% | 6139 45.3% | 4225 190.5% | 1455 17.1% | 1242 41.6% | 877 32.9% | 660 - |
| Net Operating Income (INR Cr) | 7552 9.59% | 6891 17.92% | 5844 33.62% | 4374 -60.67% | 11122 -7.60% | 12036 17.10% | 10279 10.54% | 9299 17.57% | 7909 16.83% | 6770 10.69% | 6116 45.27% | 4210 0.00% | 1455 17.12% | 1242 44.03% | 862 33.65% | 645 2.30% |
| Profit (INR Cr) | 526 - | -820 - | -1110 - | -632 - | 0 -100.0% | 425 -5.6% | 450 43.8% | 313 -15.3% | 370 2100.0% | 17 -60.0% | 42 - | -25 - | 91 38.9% | 66 32.4% | 50 207.9% | 16 - |
| Assets (INR Cr) | 2961 3.1% | 2871 -22.7% | 3714 -47.5% | 7073 -7.1% | 7609 30.2% | 5845 39.7% | 4185 10.0% | 3805 9.5% | 3475 21.8% | 2853 24.0% | 2301 10.4% | 2085 139.1% | 872 39.1% | 627 2.8% | 610 28.1% | 476 - |
| Net Worth (INR Cr) | 1497 53.4% | 976 -50.9% | 1989 -34.3% | 3028 0.8% | 3005 -2.0% | 3066 8.5% | 2827 29.5% | 2183 25.0% | 1746 61.3% | 1082 1.7% | 1065 49.9% | 711 0.0% | 475 23.2% | 385 19.5% | 322 93.7% | 166 13.6% |
| Employee Cost (INR Cr) | 809 12.8% | 717 15.8% | 619 21.5% | 510 -68.9% | 1637 9.0% | 1501 14.3% | 1314 9.1% | 1204 15.8% | 1040 15.3% | 902 -3.7% | 937 61.5% | 580 - | 0 - | 0 - | 0 - | 0 - |
| Interest Cost (INR Cr) | 194 | 190 | 118 | 89 | 139 | 97 | 86 | 90 | -43 | 475 | 100 | 84 | 27 | 23 | 23 | 26 |
| Cash & Bank Balance (INR Cr) | 130 | 327 | 118 | 745 | 1069 | 163 | 329 | 354 | 177 | 69 | 256 | 186 | 34 | 13 | 31 | 12 |
| Total Debt (INR Cr) | 1390 | 1806 | 1625 | 3695 | 4255 | 2432 | 1193 | 1508 | 1600 | 1651 | 1100 | 1278 | 371 | 220 | 267 | 280 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.9% | - | - | - | 0.0% | 3.5% | 4.3% | 3.3% | 4.6% | 0.2% | 0.7% | - | 6.3% | 5.3% | 5.7% | 2.4% |
| Profit As % Of Assets | 17.8% | - | - | - | 0.0% | 7.3% | 10.8% | 8.2% | 10.6% | 0.6% | 1.8% | - | 10.5% | 10.5% | 8.1% | 3.4% |
| Profit As % Of Networth | 35.1% | - | - | - | 0.0% | 13.9% | 15.9% | 14.3% | 21.2% | 1.6% | 4.0% | - | 19.2% | 17.1% | 15.4% | 9.7% |
| Interest Cost to EBITDA % | 26.3% | - | - | - | 17.2% | 9.2% | 9.8% | 15.5% | - | 77.1% | 25.1% | 33.2% | 16.0% | 15.2% | 20.4% | 36.4% |
| Debt to Equity Ratio | 0.93 | 1.85 | 0.82 | 1.22 | 1.42 | 0.79 | 0.42 | 0.69 | 0.92 | 1.53 | 1.03 | 1.80 | 0.78 | 0.57 | 0.83 | 1.68 |
| RONW | 32.3% | - | - | - | 0.1% | 14.6% | 18.0% | 16.0% | 26.0% | 0.3% | 4.8% | - | 20.9% | 16.7% | 19.5% | 10.0% |
| ROCE | 14.8% | 0.0% | 0.0% | 2.6% | 2.7% | 12.3% | 15.2% | 11.5% | 11.1% | 19.0% | 8.5% | 0.0% | 15.7% | 17.8% | 16.7% | 11.9% |