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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The author tracks economic, behavioural and corporate tends, hoping to gauge good avenues of return based on Fundamental Valuations of Stocks, a follower of EPV method. You can reach me/us at | Twitter # NiftyNext1 |  e-Mail : Mail@NiftyNext.Com  |  Tel +91 8802230836  |  Telegram # TheNiftyNext   |

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