Varun Industries
Varun Industries
Consumer DiscretionaryTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Stock is trading at 0.02 times its book value
Weaknesses
6- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of -27.6% over past five years.
- Company has a low return on equity of -10.4% over last 3 years.
- Earnings include an other income of Rs.334 Cr.
- Company has high debtors of 3,746 days.
- Working capital days have increased from 1,305 days to 3,710 days
Growth Rate
Quarterly Results
| Particulars | Mar 2013 | Jun 2013 | Sep 2013 | Dec 2013 |
|---|---|---|---|---|
| Sales | 51 | 18 | 12 | 3 |
| Expenses | 50 | 179 | 20 | 10 |
| Operating Profit | 1 | -160 | -8 | -7 |
| OPM % | 2.1% | -868% | -71% | -192% |
| Other Income | 13 | 359 | -39 | 0 |
| Interest | 32 | 57 | 58 | 50 |
| Depreciation | 4 | 4 | 4 | 4 |
| PBT | -23 | 139 | -109 | -60 |
| Tax % | -6% | 0% | 0% | 0% |
| Net Profit | -22 | 139 | -109 | -60 |
| EPS in Rs | -7.43 | 47.59 | -37.33 | -20.57 |
Profit & Loss
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | TTM |
|---|---|---|---|---|---|---|---|---|---|
| Sales | 596 | 743 | 843 | 1,194 | 1,517 | 2,940 | 3,109 | 168 | 84 |
| Expenses | 575 | 702 | 806 | 1,137 | 1,404 | 2,785 | 3,135 | 210 | 258 |
| Operating Profit | 21 | 41 | 36 | 56 | 114 | 155 | -26 | -42 | -174 |
| OPM % | 3.6% | 6% | 4.3% | 4.7% | 7% | 5% | -0.8% | -25% | -206% |
| Other Income | 14 | 19 | 40 | 30 | 22 | 14 | 3 | 239 | 334 |
| Interest | 12 | 27 | 36 | 55 | 81 | 91 | 116 | 215 | 196 |
| Depreciation | 2 | 4 | 8 | 11 | 18 | 19 | 19 | 18 | 16 |
| PBT | 22 | 29 | 33 | 20 | 36 | 60 | -158 | -36 | -53 |
| Tax % | 34% | 32% | 36% | 36% | 33% | 34% | 0% | -3% | — |
| Net Profit | 14 | 20 | 21 | 13 | 24 | 39 | -158 | -34 | -52 |
| EPS in Rs | 11 | 14.89 | 9.66 | 5.8 | 10.77 | 13.51 | -54.2 | -11.84 | -17.74 |
| Div. Payout % | 41% | 30% | 16% | 17% | 14% | 13% | 0% | 0% | — |
Balance Sheet
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 13 | 13 | 22 | 22 | 22 | 29 | 29 | 29 |
| Reserves | 76 | 88 | 356 | 358 | 390 | 433 | 268 | 244 |
| Borrowings | 205 | 341 | 453 | 672 | 830 | 932 | 1,254 | 1,832 |
| Other Liabilities | 111 | 32 | 77 | 71 | 170 | 787 | 601 | 132 |
| Total Liabilities | 405 | 474 | 907 | 1,123 | 1,412 | 2,181 | 2,153 | 2,236 |
| Fixed Assets | 47 | 57 | 313 | 315 | 385 | 390 | 409 | 381 |
| CWIP | 13 | 28 | 11 | 49 | 3 | 3 | 1 | 1 |
| Investments | 2 | 10 | 11 | 7 | 7 | 11 | 17 | 17 |
| Other Assets | 343 | 378 | 573 | 752 | 1,016 | 1,777 | 1,726 | 1,837 |
| Total Assets | 405 | 474 | 907 | 1,123 | 1,412 | 2,181 | 2,153 | 2,236 |
Cash Flow
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
|---|---|---|---|---|---|---|---|---|
| Operating | — | 38 | 29 | 44 | 128 | 432 | -235 | -16 |
| Investing | — | -25 | -51 | -40 | -38 | -26 | -18 | 181 |
| Financing | — | -9 | 29 | -2 | -83 | -133 | 16 | -253 |
| Net Cash Flow | — | 3 | 7 | 2 | 7 | 273 | -237 | -88 |
| Free Cash Flow | — | 13 | -10 | -6 | 115 | 402 | -273 | 26 |
| CFO/OP | — | 118 | 103 | 89 | 121 | 292 | 851 | 26 |
Ratios
| Particulars | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 |
|---|---|---|---|---|---|---|---|---|
| Debtor Days | 110 | 101 | 128 | 147 | 166 | 160 | 174 | 3,746 |
| Inventory Days | 38 | 38 | 50 | 36 | 27 | 14 | 11 | 96 |
| Days Payable | 42 | 5 | 20 | 9 | 39 | 103 | 71 | 139 |
| Cash Conversion Cycle | 107 | 134 | 159 | 174 | 155 | 72 | 113 | 3,702 |
| Working Capital Days | 120 | 156 | 195 | 195 | 191 | 83 | 122 | 3,710 |
| ROCE % | — | 15% | 11% | 8% | 10% | 11% | 3% | 7% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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29 extracted metrics + investor summaries across FY06–FY13.
Documents
Frequently Asked Questions about Varun Industries
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Company Information
Varun Industries Limited is an India-based manufacturer and exporter of stainless steel cookware, kitchenware, houseware and general merchandise. The Company operates in three segments: merchandise sale, petroleum oil rig hire and wind power. The Company owns wind power generation projects in Rajasthan and Tamil Nadu.
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