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Varun Mercantile Ltd
VARUNMERCANTILELTD NSE
Varun Mercantile Ltd
ServicesNSE: VARUNMERCANTILELTD BSE: 512511 Commercial Services & Supplies
Key Fundamentals
MicrocapDiversified ServicesCommercial ServicesMarket Cap
₹0.20 Cr
Volatility
Low Risk
P/E Ratio
1.7
EBITDA
₹-0.16 Cr
Return on Equity
2.41%
Debt to Equity
0
Book Value
₹27.67
EPS
₹0.31
52W High
₹1.08
52W Low
₹1.08
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Varun Mercantile Ltd insights
28 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
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
-100.00% ↘
Net Income Growth
20.00% ↗
Cash Flow Change
14.81% ↗
ROE
27.51% ↗
ROCE
20.40% ↗
EBITDA Margin (Avg.)
-100.00% ↘
Quarterly Results
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.04 | 0.04 | 0.04 | 0.05 | 0.03 | 0.05 | 0.03 | 0.04 |
| Operating Profit | -0.03 | -0.03 | -0.04 | -0.04 | -0.03 | -0.04 | -0.04 | -0.04 | -0.05 | -0.03 | -0.05 | -0.03 | -0.04 |
| Other Income | 0.07 | 0.07 | 0.08 | 0.09 | 0.09 | 0.09 | 0.1 | 0.1 | 0.1 | 0.1 | 0.1 | 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 | 0.04 | 0.05 | 0.06 | 0.05 | 0.06 | 0.06 | 0.05 | 0.07 | 0.05 | 0.06 | 0.05 |
| Tax % | 50% | 50% | 50% | 40% | 33.33% | 40% | 33.33% | 33.33% | 40% | 28.57% | 40% | 33.33% | 40% |
| Net Profit | 0.02 | 0.02 | 0.02 | 0.03 | 0.03 | 0.03 | 0.04 | 0.04 | 0.03 | 0.04 | 0.03 | 0.03 | 0.03 |
| EPS in Rs | 0.1 | 0.1 | 0.1 | 0.15 | 0.15 | 0.15 | 0.2 | 0.2 | 0.15 | 0.2 | 0.15 | 0.15 | 0.15 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 0.38 | 0.38 | 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 |
| 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 |
| 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 |
| Interest | 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 |
| 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 |
| 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 |
| 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 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Balance Sheet
| 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
| 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 | -0.23 | -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 | 0.65 | -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 | -0.23 | -0.39 |
| CFO/OP | -11 | -12 | 120 | 117 | 122 | 89 | 33 | 156 | 117 | 127 | 93 | 181 |
Ratios
| 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% | 4.03% |
Documents
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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.
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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.
Frequently Asked Questions about Varun Mercantile Ltd
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 is listed on the Indian stock exchanges. It is listed on NSE: VARUNMERCANTILELTD and BSE: 512511. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Varun Mercantile Ltd belong to?
Varun Mercantile Ltd operates in the Services sector within the Commercial Services & Supplies industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Varun Mercantile Ltd?
Varun Mercantile Ltd has a market capitalisation of approximately ₹20.00 L. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Varun Mercantile Ltd?
The Price-to-Earnings (PE) ratio of Varun Mercantile Ltd is 1.70. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Varun Mercantile Ltd?
Over the past 52 weeks, Varun Mercantile Ltd has traded between a low of ₹1.08 and a high of ₹1.08. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Varun Mercantile Ltd?
Varun Mercantile Ltd has a Return on Equity (ROE) of 2.41%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Varun Mercantile Ltd on Tapetide?
On Tapetide, you can view Varun Mercantile Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Varun Mercantile The Company will Continue to keep its focus in the trading of general commodities.