Friday, June 26, 2020

Varroc Engineering Ltd – Valuations at Through Away Level


Varroc Engineering Ltd  closes   at ₹ 190.05 with  a Loss    of   -4.20  %   on    26-June- 2020   with formation of  a  red  Candle    on Daily  Price Chart.
About the Company : Varroc Engg. is engaged in the business of manufacturing of Automobile components.
The Company has posted Net Sales of ₹ 11,220.8 Cr & Net Profit of ₹ 11.7 Cr in FY2020 and expected to post Net Sales of ₹8922.50 Cr & Net Loss  of ₹290.30 Cr in FY2021 and Net Sales of ₹12503.40 Cr & Net Profit of ₹232.60  Cr in FY2022 and Net Sales of ₹14065.60 Cr & Net Profit of ₹420.60 Cr in FY2023.
Valuations  : The Company is now Trading at X 12.8  of its Value. We have valued the company with its  expected Financial Year 2020 earnings  , which is now almost ~1300%  Premium  to its value & X -0.52  of its FY20201 earning with a Discount  of ~148%   and X 0.64   of its FY20202  earning with a Discount  of ~ 36%. And X0.36 of its FY 2023 earnings with a Discount of ~64%
Free Cash Flow, which is  - ₹1,73.00Cr in FY 2020 will improve to ₹305.20Cr in FY2022 and ₹ 541.30 in FY2023.
The Fare Value of Equity Per Share is ₹295 for FY22 & ₹534 for FY2023.
Disclaimer : We are / may going to take exposure shortly.
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