₹127.15
▼ -7.97 -5.90%
As of 23 Oct 2026 · delayed
NSE Listed
Varmora Granito Limited (VARMORA)
Volume: 6,50,625Avg Vol 1W: 19,14,850.8Avg Vol 1M: 50,18,895.7652W Range:₹125.5₹163.77
Key Ratios
Checked 15h agoMarket Cap₹2,874 Cr
Current Price₹127.15
Previous Close₹135.12
High / Low (52w)₹163.77 / ₹125.5
Volume6,50,625
Avg Vol (1W)19,14,850.8
Avg Vol (1M)50,18,895.76
Stock P/E26.6
Book Value₹51.89
Dividend Yield0%
ROE9.19%
ROA5.6%
Revenue (TTM)₹1,563 Cr
Revenue Growth—
Profit Margin7.02%
Total Debt—
Shares Outstanding23 Cr
Face Value—
EPS (TTM)₹4.78
P/B2.44
Debt / Equity0.58
50 DMA₹134.43
200 DMA₹134.43
Day change-5.90%
Price Chart
₹127.15▼ 16.45% · 1Y
2026-09-292026-10-23
20-day avg volume: 50.2L shares
Pros
- Company is almost debt-free.
Quarterly Results
| Metric | Jun 2025 | Sept 2025 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|
| Revenue | ₹325 Cr | ₹367 Cr | ₹453 Cr | ₹315 Cr | ₹399 Cr |
| EBITDA | ₹3 Cr | ₹31 Cr | ₹61 Cr | ₹22 Cr | ₹57 Cr |
| Net Profit | ₹-4 Cr | ₹16 Cr | ₹41 Cr | ₹13 Cr | ₹45 Cr |
| EPS | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sept 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹1,473 Cr | ₹1,493 Cr | ₹286 Cr | ₹331 Cr | ₹405 Cr | ₹1,563 Cr | ₹296 Cr | ₹387 Cr |
| EBITDA | ₹89 Cr | ₹79 Cr | ₹1 Cr | ₹32 Cr | ₹56 Cr | ₹116 Cr | ₹25 Cr | ₹53 Cr |
| Net Profit | ₹44 Cr | ₹35 Cr | ₹-6 Cr | ₹17 Cr | ₹34 Cr | ₹62 Cr | ₹15 Cr | ₹23 Cr |
| EPS | 2.19 | 1.74 | — | — | — | 3.05 | — | — |
Balance Sheet
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Total Assets | ₹558 Cr | ₹621 Cr | ₹750 Cr | ₹1,264 Cr | ₹1,476 Cr | ₹1,590 Cr | ₹1,510 Cr |
| Total Liabilities | ₹371 Cr | ₹386 Cr | ₹477 Cr | ₹595 Cr | ₹773 Cr | ₹847 Cr | ₹700 Cr |
| Equity | ₹187 Cr | ₹235 Cr | ₹272 Cr | ₹669 Cr | ₹703 Cr | ₹743 Cr | ₹810 Cr |
| Total Debt | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|
| Operating | ₹42 Cr | ₹127 Cr | ₹88 Cr | ₹15 Cr | ₹108 Cr | ₹76 Cr | ₹251 Cr |
| Investing | ₹-21 Cr | ₹-97 Cr | ₹-75 Cr | ₹-83 Cr | ₹-337 Cr | ₹-120 Cr | ₹-46 Cr |
| Financing | ₹-10 Cr | ₹-1 Cr | ₹17 Cr | ₹290 Cr | ₹115 Cr | ₹47 Cr | ₹-188 Cr |
| Free Cash Flow | ₹42 Cr | ₹127 Cr | ₹88 Cr | ₹15 Cr | ₹108 Cr | ₹76 Cr | ₹251 Cr |
Shareholding
Promoter 47.04% Institutions 11.24% Public 41.72%
Efficiency & Working Capital
ROCE10.6%
Interest Coverage2.9
Dividend Payout—
Debtor Days92 d
Inventory Days60 d
Payable Days53 d
Cash Conversion Cycle99 d
Working Capital Days152 d
Shareholding Details
As of 2026-09-30
Promoter47%
FII6.1%
DII5.2%
Institutions11.2%
Public41.7%
Promoter Pledge0%
No. of Shareholders75,986
Shareholding Pattern
Quarterly — figures in %. Latest 2 quarters.
| Period | Aug 2025 | Sept 2026 |
|---|---|---|
| Promoters | 51.5% | 47% |
| FIIs | 0% | 6.1% |
| DIIs | 0% | 5.2% |
| Public | 48.5% | 41.7% |
| Promoter Pledge | 0% | 0% |
| No. of Shareholders | 14 | 75,986 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202603 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Katsura Investments | Public Shareholding | 18.5% | 4.18 Cr |
| Bhavesh Vallabhdas Varmora | Shareholding of Promoter and Promoter Group | 8.6% | 1.94 Cr |
| Hiren R Varmora | Shareholding of Promoter and Promoter Group | 8.5% | 1.91 Cr |
| Pramodkumar Parsotambhai Patel | Shareholding of Promoter and Promoter Group | 5.9% | 1.34 Cr |
| Ramanbhai Jivrajbhai Varmora | Shareholding of Promoter and Promoter Group | 5.8% | 1.32 Cr |
| Vallabhbhai Jivrajbhai Varmora | Shareholding of Promoter and Promoter Group | 4.6% | 1.03 Cr |
| Bharatbhai Vallabhdas Varmora | Shareholding of Promoter and Promoter Group | 4.3% | 96,31,715 |
| Ashokbhai Naranbhai Patel | Public Shareholding | 4.1% | 92,57,640 |
| Manishkumar Vallabhbhai Varmora | Shareholding of Promoter and Promoter Group | 4% | 91,32,145 |
| Rajkumar Prakashbhai Varmora | Public Shareholding | 3.6% | 82,35,506 |
| Patel Adarsh Harilal | Public Shareholding | 2.9% | 64,36,845 |
| Parsotambhai Jivrajbhai Patel | Shareholding of Promoter and Promoter Group | 2.8% | 63,81,300 |
| Goldman Sachs Funds - Goldman Sachs India Equity P | Public Shareholding | 2.2% | 50,01,124 |
| Praful Parsotambhai Varmora | Shareholding of Promoter and Promoter Group | 1.5% | 33,55,815 |
| Bandhan Large & Mid Cap Fund | Public Shareholding | 1.4% | 30,77,038 |
| Bnp Paribas Financial Markets - Odi | Public Shareholding | 1.4% | 30,56,665 |
| Icici Prudential Housing Opportunities Fund | Public Shareholding | 1.4% | 30,40,605 |
| Varmora International | Shareholding of Promoter and Promoter Group | 1.1% | 24,43,940 |
| Jay Star Industries | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Classic Stone | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Myriad Marmi Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Krishna Concast Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Samay Alloys India Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Fuletra Snacks Private Limited | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Fuletra Steel Llp | Shareholding of Promoter and Promoter Group | 0% | 0 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Bhavesh Vallabhdas Varmora | Chairman / Executive Director / M D / Promoter | 2025 |
| PRAMODKUMAR PARSOTAMBHAI PATEL | Executive Director | 2025 |
| Hiren R Varmora | Executive Director | 2025 |
| Aamir Zeb | Non Executive Nominee Director | 2025 |
| Amit Jain | Non Executive Nominee Director | 2025 |
| SURYANARAYANAN S | Independent Non Exe. Director | 2025 |
| CHANDUBHAI POPATBHAI VIRANI | Independent Non Exe. Director | 2025 |
| Sandhya Patel | Independent Non Exe. Director | 2025 |
| Vivek Vikram Singh | Independent Non Exe. Director | 2025 |
| Shital Bharatkumar Badshah | Independent Non Exe. Director | 2025 |
| Nilesh Sharma | Company Sec. & Compli. Officer | 2025 |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2026 | ₹2 | 402 | 40 | 40 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 140 | 8 | 4 | 2 | 0 | 155 |
| 2025 | 6 | 0 | 0 | 0 | 0 | 6 |
| 2025 | 123 | 8 | 3 | 2 | 0 | 137 |
Company Information
Incorporated2003
ChairmanBhavesh Vallabhdas Varmora
AuditorWalker Chandiok & Co LLP
Investor Email[email protected]
📍 8-A National Highway Dhuva, Taluka Wankaner, Rajkot, Gujarat, 363641
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