Varmora Granito Limited (VARMORA)

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Varmora Granito Limited (VARMORA) · mywealthgrid

About

Varmora Granito Limited operates in Ceramics within the Consumer Discretionary sector.

Face value: ₹2

Market cap

₹3,035 Cr

P/E

55.1×

P/B

3.4×

Dividend yield

ROE

7.2%

ROCE

11.2%

Debt / equity

0.44

OPM

11.3%

EPS (TTM)

₹2.7

Book value

₹40.0

52-week high

—

52-week low

—

₹134.3-11.8%1Y

Quick read

rule-based

Pros

No positive flags triggered.

Cons

−Low return on equity of 6.1% (3-yr avg)
−Modest revenue growth of 4.2% a year over the last 3 years

Research score

Structured signal from quality, growth, valuation and momentum.

25/100

Business quality: 28
Growth: 9
Valuation: 37

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Kajaria Ceramics LimitedKAJARIACERKAJARIACER	₹19,516 Cr	₹19,646 Cr	₹5,056 Cr	₹939 Cr	17.9%	₹546 Cr	10.1%	23.4%	16.7%	88
Varmora Granito LimitedVARMORAVARMORA	₹3,035 Cr	₹3,393 Cr	₹1,512 Cr	₹171 Cr	11.3%	₹55 Cr	3.6%	11.2%	7.2%	—
Somany Ceramics LimitedSOMANYCERASOMANYCERA	₹2,518 Cr	₹2,769 Cr	₹2,935 Cr	₹294 Cr	9.2%	₹106 Cr	2.7%	13.7%	10.1%	44
Nitco LimitedNITCONITCO	₹2,025 Cr	₹2,329 Cr	₹508 Cr	₹-33 Cr	4.6%	₹-29 Cr	5.3%	7.3%	9.5%	444
Asian Granito India LimitedASIANTILESASIANTILES	₹1,422 Cr	₹1,850 Cr	₹1,900 Cr	₹89 Cr	5.6%	₹13 Cr	1%	3.5%	1.4%	94
Orient Bell LimitedORIENTBELLORIENTBELL	₹586 Cr	₹616 Cr	₹752 Cr	₹51 Cr	5.7%	₹21 Cr	1.8%	5.3%	3.9%	10
Exxaro Tiles LimitedEXXAROEXXARO	₹270 Cr	₹361 Cr	₹325 Cr	₹26 Cr	8.2%	₹4 Cr	0.9%	5.2%	1%	318
Murudeshwar Ceramics LimitedMURUDCERAMURUDCERA	₹170 Cr	₹310 Cr	₹209 Cr	₹33 Cr	15.3%	₹10 Cr	5.3%	5.7%	2.9%	722
Manoj Ceramic LtdMCPLMCPL	₹99 Cr	—	₹203 Cr	₹25 Cr	12.1%	₹12 Cr	5.9%	—	—	—
Regency Ceramics LimitedREGENCERAMREGENCERAM	₹84 Cr	₹194 Cr	₹50 Cr	₹-34 Cr	-61.1%	₹-24 Cr	-62.3%	-155.1%	—	-47
Restile Ceramics LtdRESTILERESTILE	₹74 Cr	₹111 Cr	₹1 Cr	₹-1 Cr	5.7%	₹-1 Cr	-1.1%	—	—	31

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated figures · ₹ crore

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	1,335	1,435	1,446	1,512
COGS	599	673	637	597
Gross profit	736	763	809	916
	620	650	658	744
Operating profit (EBITDA)	116	113	152	171
OPM %	8.7%	7.9%	10.5%	11.3%
Depreciation	56	62	119	106
Interest	42	29	42	39
	65	37	47	51
Profit before tax	85	63	38	77
Tax	30	18	7	22
Tax %	35.1%	28.7%	18.3%	28.1%
	55	45	31	55
PAT margin %	4.1%	3.1%	2.1%	3.6%
EPS (₹)	—	—	—	—

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	13	40	40	40
Reserves	620	630	692	766
Minority interest	35	33	11	4
	268	413	505	358
	327	360	341	342
Total equity & liabilities	1,264	1,476	1,590	1,510
	373	737	691	601
CWIP	3	3	10	27
Investments	29	32	34	53
	859	705	855	828
Total assets	1,264	1,476	1,590	1,510

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-10	88	63	234
Cash from investing	-83	-337	-120	-46
Cash from financing	290	115	47	-188
Net cash flow	197	-133	-10	-0
Free cash flow	—	—	—	—
CFO / Operating profit %	-8.8%	78%	41.7%	136.5%

Compounded sales growth

7 years: —
5 years: —
3 years: 4%
1 year: 5%

Compounded profit growth

7 years: —
5 years: —
3 years: 0%
1 year: 79%

Return on equity

7 years: —
5 years: —
3 years: 6%
Last year: 7%

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated figures

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	55.1%	53.1%	56%	60.5%
EBITDA margin %	8.7%	7.9%	10.5%	11.3%
EBIT margin %	4.5%	3.6%	2.2%	4.3%
PAT margin %	4.1%	3.1%	2.1%	3.6%
Working capital
Receivable days	99	85	96	92
Inventory days	115	103	164	152
Payable days	—	—	—	—
NWC days	—	—	—	—
Leverage
Current ratio	1.82	1.57	1.49	1.67
Debt to EBITDA	2.31	3.65	3.33	2.09
Debt to equity	0.42	0.62	0.69	0.44
Interest coverage	3	3.1	1.9	2.9
Asset turnover	1.06	0.97	0.91	1
Return ratios
Return on assets %	4.4%	3%	1.9%	3.6%
Return on capital employed %	15.4%	9.6%	7.6%	11.2%
Return on equity %	8.7%	6.7%	4.2%	6.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

No shareholding data

Quarterly shareholding records haven't been ingested for this company.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Varmora Granito Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

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Events

Upcoming dates and the company’s corporate-action history.

No events on record

Corporate actions, results dates and filings will appear here once ingested.

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

5 announcementsExport CSV

1 Oct 2026, 4:31 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

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Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	55.1%	53.1%	56%	60.5%
EBITDA margin %	8.7%	7.9%	10.5%	11.3%
EBIT margin %	4.5%	3.6%	2.2%	4.3%
PAT margin %	4.1%	3.1%	2.1%	3.6%
Working capital
Receivable days	99	85	96	92
Inventory days	115	103	164	152
Payable days	—	—	—	—
NWC days	—	—	—	—
Leverage
Current ratio	1.82	1.57	1.49	1.67
Debt to EBITDA	2.31	3.65	3.33	2.09
Debt to equity	0.42	0.62	0.69	0.44
Interest coverage	3	3.1	1.9	2.9
Asset turnover	1.06	0.97	0.91	1
Return ratios
Return on assets %	4.4%	3%	1.9%	3.6%
Return on capital employed %	15.4%	9.6%	7.6%	11.2%
Return on equity %	8.7%	6.7%	4.2%	6.8%

Date	Category	Subject	Filing
1 Oct 2026, 4:31 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Sept 2026, 3:54 pm	Company Update General	Disclosure Under Regulation 30(5) Of SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015	PDF
29 Sept 2026, 3:43 pm	Company Update General	Intimation Under Regulation 8(2) Of The Securities And Exchange Board Of India (Prohibition Of Insider Trading) Regulations, 2015	PDF
29 Sept 2026, 3:33 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
29 Sept 2026, 8:11 am	New Listing	Listing of Equity Shares of Varmora Granito Ltd	—

Varmora Granito Limited

About

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Ratios

Ratio timeline

Shareholding

No shareholding data

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Events

No events on record

Announcements

Ratio timeline

No shareholding data

Not in the F&O segment

No fund holdings on record

Announcements

Offer and rights documents

No events on record

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity