Company Varroc Engineering Limited

Equities

VARROC

INE665L01035

Auto, Truck & Motorcycle Parts

Analysts' Consensus

Business Summary

Sales per Business

Sales per region

Managers

Members of the board

Share class

Shareholders

Company contact information

Group companies

Sector

Sales per Business

Sales per region

Ratings for Varroc Engineering Limited

EPS Revisions

Quarterly earnings - Rate of surprise

Sector Other Auto, Truck & Motorcycle Parts

Delayed NSE India S.E. Other stock markets 01:00:39 14/05/2024 pm IST			5-day change	1st Jan Change
517.2 ^INR	+1.95%		+2.75%	-6.71%

07/02	Transcript : Varroc Engineering Limited, Q3 2024 Earnings Call, Feb 07, 2024
07/02	Varroc Engineering Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023	CI

Varroc Engineering Limited is an India-based automotive component company. The Company manufactures and supplies electrical-electronic, polymer, metallic, exterior lighting and advanced safety systems to leading original equipment manufacturer (OEMs), with end-to-end capabilities across design, development and manufacturing. Its segments include Automotive and Others. The Automotive segment consists of the business of automobile products consisting of auto parts for two-wheelers, three-wheelers and four-wheelers and related design, development and engineering activities and other services. The Others segment comprise of forging components for off road vehicles and components for mining and oil drilling industry. It offers diverse product line in valves, transmission, engine parts and heavy forging. It is a supplier of outdoor lighting systems to OEMs. It also offers air filter, assemblies mirror, door trims, central console, traction motor and controller, and telematics control unit.

Number of employees: 3,725

INR in Million	2022	Weight	2023	Weight	Delta
Automotive 96.0 %	55,509	95.0 %	65,895	96.0 %	+18.71%
Others 4.0 %	2,933	5.0 %	2,736	4.0 %	-6.73%

INR in Million	2022	Weight	2023	Weight	Delta
India 82.3 %	47,565	81.4 %	56,493	82.3 %	+18.77%
Europe 11.6 %	6,919	11.8 %	7,939	11.6 %	+14.73%
Asia Pacific 3.6 %	2,533	4.3 %	2,455	3.6 %	-3.05%
Others 1.8 %	835	1.4 %	1,214	1.8 %	+45.38%
North America 0.8 %	590	1.0 %	529	0.8 %	-10.30%

Managers	Title	Age	Since
Tarang Jain CEO	Chief Executive Officer	62	11/88/11
K. Mahendra Kumar DFI	Director of Finance/CFO	-	28/22/28
Ajay Kumar Sharma CMP	Compliance Officer	56	02/20/02
Bikash Dugar IRC	Investor Relations Contact	-	-
Pallavi Deshmukh IRO	Public Communications Contact	-	12/22/12
Manoj Dhar AUD	Comptroller/Controller/Auditor	-	09/23/09
D. S. Sethumadavan PRN	Corporate Officer/Principal	-	-
Kavitha Kulkarni HRO	Human Resources Officer	-	-

Members of the board	Title	Age	Since
Marc Szulewicz BRD	Director/Board Member	76	20/17/20
Vijaya Sampath BRD	Director/Board Member	71	20/17/20
Gautam Premnath Khandelwal BRD	Director/Board Member	62	24/11/24
Tarang Jain CEO	Chief Executive Officer	62	11/88/11
Vinish Kathuria BRD	Director/Board Member	52	06/18/06
Arjun Jain BRD	Director/Board Member	-	01/13/01
Dhruv Jain BRD	Director/Board Member	-	01/22/01
Tarun Tyagi BRD	Director/Board Member	-	09/23/09

	Vote	Quantity	Free-Float	Company-owned shares	Total Float
Stock A	1	152,786,400	38,196,600 ( 25.00 %)	0	25.00 %

Name	Equities	%	Valuation
Tarang Jain 61.90 %	94,579,800	61.90 %	594 M ₹
Suman Jain 6.545 %	10,000,000	6.545 %	63 M ₹
Naresh Chandra Jain 6.545 %	10,000,000	6.545 %	63 M ₹
Nippon Life India Asset Management Ltd. (Invt Mgmt) 4.628 %	7,071,410	4.628 %	44 M ₹
HDFC Asset Management Co. Ltd. (Invt Mgmt) 2.884 %	4,406,212	2.884 %	28 M ₹
Kotak Mahindra Asset Management (Singapore) Pte Ltd. 1.646 %	2,515,341	1.646 %	16 M ₹
ICICI Prudential Life Insurance Co. Ltd. (Invt Port) 0.9680 %	1,478,915	0.9680 %	9 M ₹
HSBC Asset Management (India) Pvt Ltd. 0.6392 %	976,600	0.6392 %	6 M ₹
Mahindra Manulife Investment Management Pvt Ltd. 0.5940 %	907,561	0.5940 %	6 M ₹
Motilal Oswal Asset Management Co. Ltd. 0.5008 %	765,177	0.5008 %	5 M ₹

Varroc Engineering Ltd.

L-4, MIDC Industrial Area Waluj

431136, Aurangabad

+91 24 0665 3700

http://www.varroc.com

address Varroc Engineering Limited(VARROC)

Name	Category and Sector
Varroc Polymers Pvt Ltd. Varroc Polymers Pvt Ltd. Specialty StoresRetail Trade Varroc Polymers Pvt Ltd. manufactures and supplies automotive components exterior lighting systems. The company was founded on June 20, 1995 and is headquartered in Aurangabad, India.	Specialty Stores
Durovalves India Pvt Ltd.	Auto Parts: OEM
VarrocCorp Holding BV VarrocCorp Holding BV Financial ConglomeratesFinance Part of Varroc Engineering Ltd., VarrocCorp Holding BV functions as an investment holding Dutch company. The private company is based in Amsterdam, Netherlands.	Financial Conglomerates
Varroc Lighting Systems S De R L De C V Varroc Lighting Systems S De R L De C V Wholesale DistributorsDistribution Services Varroc Lighting Systems S De R L De C V distributes motor vehicle parts and accessories. The private company is based in Apodaca, Mexico.	Wholesale Distributors
Varroc Lighting Systems Italy SpA Varroc Lighting Systems Italy SpA Auto Parts: OEMProducer Manufacturing Part of Varroc Engineering Ltd., Varroc Lighting Systems Italy SpA is an Italian company that manufactures lighting and signaling equipment for transport. The private company is located in Italy.	Auto Parts: OEM

Trading Rating

Investor Rating

ESG Refinitiv

D+

More Ratings

Sell

Buy

Mean consensus

HOLD

Number of Analysts

Last Close Price

507.3 INR

Average target price

588.8 INR

Spread / Average Target

+16.07%

Consensus

Estimates Revisions

Company calendar

Consumer Cyclicals

Automobiles & Auto Parts

Automobiles & Auto Parts

Auto, Truck & Motorcycle Parts

Other Auto, Truck & Motorcycle Parts

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Other Auto, Truck & Motorcycle Parts