Tuesday, June 26, 2018

Varroc Engineering Ltd. : Valuations


We have tried to find out the valuation of the Varroc Engineering Ltd. using EPV method ( Earning Power Value ). At the offer price of Rs.965, it is valued 16.5X , which is quite higher compare to other OME. Kindly note that Motherson Sumi Systems Ltd is now Trading at ~3.5X of its EPV ( March 2018 earning basis ).We have taken the estimates of the Varron Engg from a reputed broking firm's note.

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