--- title: "Varahi Diamonds & Finance Ltd (513363) — Share Price, Financials & Analysis" symbol: "513363" company: "Varahi Diamonds & Finance Ltd" canonical: "https://tapetide.com/stocks/513363" bse_code: "513363" generated_at: "2026-10-13T11:55:55.759Z" --- # Varahi Diamonds & Finance Ltd (513363) Canonical page: https://tapetide.com/stocks/513363 ## Company - **BSE Code:** 513363 - **Stock Type:** EQUITY - **Face Value:** ₹10 - **F&O Eligible:** No ## Latest Price ## Key Insights ### Weaknesses - Company has low interest coverage ratio. - The company has delivered a poor sales growth of -4.30% over past five years. - Company has a low return on equity of 1.87% over last 3 years. - Company's cost of borrowing seems high ## Growth Rates | Metric | 1Y | 3Y | 5Y | | --- | --- | --- | --- | | net income growth | 4% | 54% | -14% | | revenue growth | 3% | -1% | -4% | ## Financial Statements ### Quarterly Results All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 20.67 | 15.01 | 22.19 | 21.06 | 21.8 | 13.38 | 20.12 | 17.82 | 18.38 | 13.74 | 18.36 | 13.69 | | Expenses | 23.95 | 14.16 | 19.13 | 17.24 | 27.63 | 12.68 | 18.06 | 17.46 | 18.9 | 15.38 | 16.36 | 12.3 | | Operating Profit | -3.28 | 0.85 | 3.06 | 3.82 | -5.83 | 0.7 | 2.06 | 0.36 | -0.52 | -1.64 | 2 | 1.39 | | OPM % | -15.87 | 5.66 | 13.79 | 18.14 | -26.74 | 5.23 | 10.24 | 2.02 | -2.83 | -11.94 | 10.89 | 10.15 | | Other Income | 8.31 | 0.79 | 1.62 | 0.77 | 0.56 | 0.95 | 1.05 | 2.98 | 1.9 | 4.24 | 0.53 | 0.88 | | Interest | 1.26 | 1.18 | 1.33 | 1.29 | 1.22 | 1.23 | 1.28 | 1.24 | 1.11 | 1.02 | 0.97 | 0.98 | | Depreciation | 2.38 | 2.18 | 2.41 | 2.32 | 2.32 | 2.03 | 1.78 | 1.93 | 1.6 | 1.36 | 1.24 | 1.19 | | Profit before tax | 1.39 | -1.72 | 0.94 | 0.98 | -8.81 | -1.61 | 0.05 | 0.17 | -1.33 | 0.22 | 0.32 | 0.1 | | Tax % | -75.54 | -20.35 | -19.15 | 33.67 | -2.16 | -37.27 | -1160 | 82.35 | -17.29 | -40.91 | 178.12 | 180 | | Net Profit | 2.44 | -1.37 | 1.12 | 0.65 | -8.62 | -1.02 | 0.63 | 0.03 | -1.1 | 0.3 | -0.25 | -0.07 | | EPS in Rs | 0.72 | -0.41 | 0.33 | 0.19 | -2.55 | -0.3 | 0.19 | 0.01 | -0.33 | 0.09 | -0.07 | -0.02 | ### Profit & Loss All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2006 | Mar 2007 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Sales | 27 | 43 | 397 | 247 | 328 | 318 | 310 | 319 | | Expenses | 26 | 42 | 388 | 235 | 317 | 311 | 304 | 313 | | Operating Profit | 1 | 2 | 9 | 12 | 10 | 7 | 6 | 6 | | OPM % | 3.7 | 3.6 | 2.4 | 4.9 | 3.1 | 2.3 | 2 | 1.9 | | Other Income | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | | Interest | 0 | 1 | 7 | 11 | 9 | 6 | 5 | 5 | | Depreciation | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 0 | | Profit before tax | 0 | 0 | 2 | 1 | 0 | 1 | 1 | 1 | | Tax % | 45 | 34 | 34 | 32 | 37 | 31 | 32 | 35 | | Net Profit | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 1 | | Dividend Payout % | 5 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | ### Balance Sheet All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2006 | Mar 2007 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Equity Capital | 1 | 6 | 15 | 15 | 15 | 15 | 15 | 15 | | Reserves | 7 | 7 | 10 | 11 | 11 | 11 | 12 | 12 | | Borrowings | 5 | 17 | 6 | 4 | 4 | 4 | 3 | 3 | | Other Liabilities | 1 | 1 | 3 | 88 | 2 | 31 | 1 | 10 | | Total Liabilities | 14 | 31 | 34 | 117 | 31 | 60 | 31 | 41 | | Fixed Assets | 1 | 1 | 8 | 7 | 6 | 6 | 5 | 5 | | CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | | Other Assets | 13 | 30 | 26 | 110 | 25 | 54 | 26 | 35 | | Total Assets | 14 | 31 | 34 | 117 | 31 | 60 | 31 | 41 | ### Cash Flow All figures in ₹ crore unless the row name says otherwise. | Item | Mar 2006 | Mar 2007 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Cash from Operating Activity | — | — | 0 | 1 | 10 | 6 | 2 | 5 | | Cash from Investing Activity | — | — | 0 | 0 | 0 | -1 | 0 | 0 | | Cash from Financing Activity | — | — | 0 | 0 | -9 | -4 | -4 | -4 | | Net Cash Flow | — | — | 0 | 1 | 2 | 1 | -2 | 1 | | Free Cash Flow | — | — | 0 | 1 | 10 | 5 | 2 | 5 | | CFO/OP | — | — | 0 | 7 | 102 | 80 | 31 | 75 | ### Ratios | Item | Mar 2006 | Mar 2007 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Debtor Days | 5 | 4 | 0 | 1 | 2 | 1 | 0 | 1 | | Inventory Days | 178 | 269 | 16 | 171 | 23 | 39 | 19 | 32 | | Days Payable | 2 | 0 | 0 | 2 | 1 | 31 | 0 | 1 | | Cash Conversion Cycle | 181 | 273 | 16 | 170 | 24 | 9 | 20 | 31 | | Working Capital Days | 163 | 245 | 16 | 32 | 24 | 23 | 27 | 28 | | ROCE % | — | 7 | — | 38 | 32 | 23 | 20 | 20 | ## Shareholding Pattern ### annual | Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 60.55% | 60.7% | 61.34% | 61.99% | 62.35% | 62.35% | 62.25% | 62.25% | 62.25% | 61.47% | | FIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0.3% | 0% | 0% | | DIIs | 0.47% | 0.4% | 0.34% | 0.23% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | | Government | 0% | 0.2% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | | Public | 38.98% | 38.7% | 38.32% | 37.78% | 37.43% | 37.43% | 37.52% | 37.22% | 37.53% | 38.3% | | No. of Shareholders | 16160 | 16251 | 16085 | 15412 | 15164 | 20116 | 17600 | 17454 | 18581 | 17979 | ### Quarterly | Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | Promoters | 62.25% | 62.25% | 62.25% | 62.25% | 62.25% | 62.25% | 62.25% | 62.25% | 62.25% | 62.14% | 61.47% | 61.47% | | FIIs | 0% | 0.03% | 0% | 0.1% | 0.3% | 0.3% | 0% | 0% | 0% | 0% | 0% | 0% | | DIIs | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | 0.22% | | Public | 37.52% | 37.5% | 37.54% | 37.43% | 37.22% | 37.24% | 37.52% | 37.54% | 37.53% | 37.63% | 38.3% | 38.3% | | No. of Shareholders | 17600 | 16858 | 16111 | 16957 | 17454 | 17261 | 18442 | 18781 | 18581 | 18444 | 18421 | 17979 | ## Filings & Documents ### Other Documents | Date | Document | | --- | --- | | 2026-03-02 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/2528e6a4-5d0d-4495-a3ab-132b17bab0af.pdf) | | 2026-02-26 | [Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO)](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3ebbe212-895d-406a-bd57-b1ff7fab355e.pdf) | | 2026-02-26 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/xml-data/corpfiling/AttachHis/619c4fd9-2773-419b-872d-174c1110ac8a.pdf) | | 2026-02-12 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/296104ef-5056-4985-9cdc-8d4ee684f9ad.pdf) | | 2026-02-11 | [Board Meeting Outcome for Outcome Of Meeting For Approval Of Unaudited Financial Results For Quarter Ended 31St December 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c8b2d8da-c8d4-4028-a6a0-c1fc76be9e6e.pdf) | | 2026-02-11 | [Announcement under Regulation 30 (LODR)-Resignation of Director](https://www.bseindia.com/xml-data/corpfiling/AttachHis/778a14a2-ef38-4100-a6f6-0be56855cc6f.pdf) | | 2026-02-06 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c0cb7cdc-2db4-449f-a0ad-c635cc2d925e.pdf) | | 2026-02-05 | [Board Meeting Intimation for Consider And Approve Un-Audited Financial Results For Quarter Ended 31St December 2025.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a59d7b27-48c6-4831-a4ba-ddf7be59da17.pdf) | ### Annual Reports | Date | Document | | --- | --- | | 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8ca59296-62bd-4fb3-a76b-6ff12928966c.pdf) | | 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7c71fe17-93fa-4e3b-b601-b41d6a30dc89.pdf) | | 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/df778e1f-31ef-40ca-876c-1837665126bf.pdf) | | 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/532212/75083532212.pdf) | | 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/532212/70380532212.pdf) | | 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/532212/65502532212.pdf) | | Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/532212/5322120319.pdf) | | Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/532212/5322120318.pdf) | | Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/532212/5322120317.pdf) | | Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/532212/5322120316.pdf) | ### Credit Rating Reports | Date | Document | | --- | --- | | 2026-01-23 | Credit rating update — ICRA | | 2025-08-06 | Credit rating update — Brickwork Ratings | | 2024-11-25 | Credit rating update — ICRA | | 2024-09-03 | Credit rating update — Brickwork Ratings | | 2024-04-05 | Credit rating update — ICRA | | 2023-06-15 | Credit rating update — Brickwork Ratings | | 2023-03-13 | Credit rating update — ICRA | | 2022-03-31 | Credit rating update — ICRA | | 2022-03-25 | Credit rating update — Brickwork Ratings | | 2020-12-29 | Credit rating update — Brickwork Ratings | --- Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T11:55:55.759Z.