Varun Mercantile
VARUNMERCANTILELTD NSE
Varun Mercantile
Commercial ServicesNSE: VARUNMERCANTILELTD BSE: 512511 Diversified Services
Key Fundamentals
MicrocapDiversified ServicesCommercial ServicesEBITDA
₹0.20 Cr
Return on Equity
2.26%
Debt to Equity
0
Book Value
₹27.69
EPS (TTM)
₹0.55
Price-based figures · EPS basis: Standalone · TTM
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
2- Company is almost debt free.
- Stock is trading at 0.04 times its book value
Weaknesses
2- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 2.19% over last 3 years.
Growth Rate
Revenue Growth
0% lower than
3Y
Net Income Growth
0% lower than
3Y
Cash Flow Change
55.17% higher than
3Y
EBITDA Margin (Avg.)
-2.45% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.03 | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.05 | 0.03 | 0.04 | 0.04 |
| Operating Profit | -0.03 | -0.04 | -0.04 | -0.03 | -0.04 | -0.04 | -0.04 | -0.05 | -0.03 | -0.05 | -0.03 | -0.04 | -0.04 |
| Other Income | 0.07 | 0.08 | 0.09 | 0.09 | 0.09 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 0.09 | 0.09 | 0.09 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0.04 | 0.04 | 0.05 | 0.06 | 0.05 | 0.06 | 0.06 | 0.05 | 0.07 | 0.05 | 0.06 | 0.05 | 0.05 |
| Tax % | 50% | 50% | 40% | 33.33% | 40% | 33.33% | 33.33% | 40% | 28.57% | 40% | 33.33% | 40% | 40% |
| Net Profit | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 | 0.02 |
| EPS in Rs | 0.1 | 0.1 | 0.15 | 0.15 | 0.15 | 0.2 | 0.2 | 0.15 | 0.2 | 0.15 | 0.15 | 0.15 | 0.1 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.38 | 0.38 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.03 | 0.13 | 0.25 | 0.18 | 0.18 | 0.18 | 0.18 | 0.16 | 0.12 | 0.15 | 0.15 | 0.16 | 0.16 |
| Operating Profit | 0.35 | 0.25 | -0.25 | -0.18 | -0.18 | -0.18 | -0.18 | -0.16 | -0.12 | -0.15 | -0.15 | -0.16 | -0.16 |
| OPM % | 92.11% | 65.79% | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 0 | 0.36 | 0.32 | 0.35 | 0.34 | 0.3 | 0.25 | 0.26 | 0.33 | 0.38 | 0.38 | 0.37 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| PBT | 0.35 | 0.25 | 0.11 | 0.14 | 0.17 | 0.16 | 0.12 | 0.09 | 0.14 | 0.18 | 0.23 | 0.22 | 0.21 |
| Tax % | 28.57% | 48% | 100% | 57.14% | 52.94% | 56.25% | 58.33% | 66.67% | 50% | 44.44% | 43.48% | 45.45% | — |
| Net Profit | 0.25 | 0.13 | 0.01 | 0.06 | 0.08 | 0.07 | 0.05 | 0.03 | 0.07 | 0.1 | 0.13 | 0.12 | 0.11 |
| EPS in Rs | 1.26 | 0.65 | 0.05 | 0.3 | 0.4 | 0.35 | 0.25 | 0.15 | 0.35 | 0.5 | 0.65 | 0.6 | 0.55 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 | 1.99 |
| Reserves | 2.67 | 2.81 | 2.81 | 2.88 | 2.95 | 3.03 | 3.07 | 3.1 | 3.17 | 3.27 | 3.4 | 3.52 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities | 0.03 | 0.1 | 0.02 | 0.05 | 0.06 | 0.03 | 0.13 | 0.02 | 0.01 | 0 | 0.01 | 0.02 |
| Total Liabilities | 4.69 | 4.9 | 4.82 | 4.92 | 5 | 5.05 | 5.19 | 5.11 | 5.17 | 5.26 | 5.4 | 5.53 |
| Fixed Assets | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1 | 0.5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0.5 | 0 | 0 |
| Other Assets | 3.69 | 4.4 | 4.82 | 4.92 | 5 | 5.05 | 5.19 | 5.11 | 5.17 | 4.76 | 5.4 | 5.53 |
| Total Assets | 4.69 | 4.9 | 4.82 | 4.92 | 5 | 5.05 | 5.19 | 5.11 | 5.17 | 5.26 | 5.4 | 5.53 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | -0.14 | -0.16 | -0.46 | -0.27 | -0.31 | -0.25 | -0.14 | -0.31 | -0.2 | -0.27 | -0.87 | -0.39 |
| Investing | 0.38 | 0.88 | 0.86 | 0.32 | 0.33 | 0.34 | 0.3 | 0.25 | 0.26 | -0.17 | 0.88 | 0.38 |
| Financing | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Cash Flow | 0.24 | 0.72 | 0.4 | 0.05 | 0.02 | 0.09 | 0.15 | -0.06 | 0.06 | -0.44 | 0.01 | -0.01 |
| Free Cash Flow | -0.14 | -0.16 | -0.46 | -0.27 | -0.31 | -0.25 | -0.14 | -0.31 | -0.2 | -0.27 | -0.87 | -0.39 |
| CFO/OP | -11 | -12 | 120 | 117 | 122 | 89 | 33 | 156 | 117 | 127 | 520 | 181 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 0 | 0 | — | — | — | — | — | — | — | — | — | — |
| Working Capital Days | 86.45 | 0 | — | — | — | — | — | — | — | — | — | — |
| ROCE % | 7.71% | 5.29% | 2.29% | 2.9% | 3.47% | 3.21% | 2.38% | 1.77% | 2.73% | 3.45% | 4.32% | 4.04% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Varun Mercantile insights
47 extracted metrics + investor summaries across FY09–FY27.
Documents
2
Reg 23(5)(i): Disclosure of material issue
3 Mar - CFO Nilesh Shukla resigns from Investment Manager to Anantam Highways Trust, effective March 13, 2026. 3 Mar - CFO Nilesh Shukla resigns from Investment Manager to Anantam Highways Trust, effective March 13, 2026.
3
Reg 23(5)(i): Disclosure of material issue
17 Feb - Q3 results: revenue INR123.8cr, EBITDA INR105.6cr; declared INR2.50/unit distribution; NDCF INR248.5cr; debt/EV 42.11%","checklist":["Review announcement for key financial and corporate disclosures","Extract material figures: revenue, EBITDA, NDCF, … 17 Feb - Q3 results: revenue INR123.8cr, EBITDA INR105.6cr; declared INR2.50/unit distribution; NDCF INR248.5cr; debt/EV 42.11%","checklist":["Review announcement for key financial and corporate disclosures","Extract material figures: revenue, EBITDA, NDCF, …
4
Reg 23(5)(i): Disclosure of material issue
13 Feb - Audio recording of earnings conference call for quarter ended Dec 31, 2025 (held Feb 13, 2026) available online. 13 Feb - Audio recording of earnings conference call for quarter ended Dec 31, 2025 (held Feb 13, 2026) available online.
5
Reg 18(6): Disclosure of record date for purpose of distribution
11 Feb - INR 2.50/unit distribution for quarter ended Dec 31, 2025; record date Feb 16, payment by Feb 23, 2026. 11 Feb - INR 2.50/unit distribution for quarter ended Dec 31, 2025; record date Feb 16, payment by Feb 23, 2026.
4
Intimation Of 41St Annual General Meeting And Issuance Of Notice To Shareholders In This Regard 7 Sept 2026
Intimation
Frequently Asked Questions about Varun Mercantile
What does Varun Mercantile Ltd do?
Varun Mercantile The Company will Continue to keep its focus in the trading of general commodities.
Where is Varun Mercantile Ltd (512511) listed?
Varun Mercantile Ltd trades as VARUNMERCANTILELTD on the NSE and under code 512511 on the BSE.
Which sector does Varun Mercantile Ltd belong to?
Varun Mercantile Ltd is classified under the Commercial Services sector, in the Diversified Services industry.
What is the Return on Equity (ROE) of Varun Mercantile Ltd?
Varun Mercantile Ltd reported a return on equity of 2.26%. Its debt-to-equity ratio is 0.00.
Company Information
Varun Mercantile The Company will Continue to keep its focus in the trading of general commodities.
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