Varroc Engineering

Quick check

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• DebtModerate debtIt owes ₹925 Cr against ₹1,780 Cr of shareholders' money (Mar 2026), 0.52 times.
• ResultsProfit fallingIn the Jun 2026 quarter, sales rose 30% and profit fell 27% from a year earlier.
• DilutionNo new sharesNo new shares issued in the last year, so existing shareholders' slices were not cut.
• PromotersSteadyThe promoters (founders or parent) own 75% of the company, about the same as in Jun 2025.
• ValuationNormal for this stockThe share trades at 40.9 times its yearly earnings (P/E), cheaper than 51% of the time in the last 3 years. Its usual P/E is about 29.

Varroc Engineering against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

• Valuation (P/E)40.9 against a typical 26.6: pricier than most peers (1st = cheapest).113th of 153
• Sales growth+29.9% against a typical +20.7% from a year earlier.42nd of 142
• Profit growth−27.1% against a typical +15.3% from a year earlier.107th of 127
• Share price, 3 months+20.6% against a typical −4.4%.18th of 142
• Size₹ 11,673 Cr. market value against a typical ₹ 728 Cr. (1st = largest).24th of 138

Exchange filings and their impact on the company.

• 26 Oct 2026Disclosure of material issueLow impactPositivePrice +2.9% on 27 Oct
  Varroc to take 45% stake in Forsee Power India for up to €4.5m to enter EV battery-pack business.

  Varroc Engineering has executed a Securities Subscription and Purchase Agreement and Shareholders Agreement on Oct 26, 2026 to acquire a 45% equity stake in Forsee Power India Private Limited. It will hold 295,398 equity shares plus 80,380 OCRPS for aggregate cash consideration up to €4.5 million, with closing by Dec 31, 2026 subject to conditions precedent. Forsee makes battery pack systems and battery management systems for electric mobility and had FY26 turnover of Rs 18.84 crore; Varroc says the deal supports its long-term electric mobility strategy.

  Full analysisFiling
• 16 Oct 2026Outcome of Board MeetingLow impactPositivePrice −1.8% on 19 Oct
  Varroc to buy 45% of Forsee Power India for up to euro 4.5m to enter EV battery packs.

  Varroc Engineering's board on October 16, 2026 approved buying a 45% equity stake (2,95,398 shares) plus 80,380 optionally convertible redeemable preference shares in Forsee Power India Private Limited for up to euro 4.5 million in cash. Forsee makes battery pack systems and battery management systems for electric mobility and had turnover of Rs 18.84 crore in FY26. The deal is to close by December 31, 2026 and is positioned as a long-term strategic entry into electric mobility; at ~Rs 40-46 crore it is tiny versus Varroc's Rs 8,890 crore FY26 sales.

  Full analysisFiling

Results dates and other board meetings. Full calendar

Compounded yearly rates over each period.

Listed companies in the same business.

Tarang Jain

Chairman of the Board, Managing Director

K. Mahendra Kumar

Global Chief Financial Officer

Avinash Ramdas Chintawar

Chief Operating Officer, Additional Whole-Time Director

Anil Ghatiya

Chief Compliance Officer, Company Secretary

Arjun Jain

Whole-Time Director, Chief Executive Officer - Business Division I

Dhruv Jain

Whole Time Director, Chief Executive Officer - Business Division-II