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Variman Global Enterprises Ltd (540570)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540570 NSE: Trading | Small Cap | Variman Global Enter Share Price

₹3.76 -0.19 (-4.81%)

As on 04-Jun'26 16:59

Variman Global Enterprises Ltd (540570)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540570 NSE: Trading | Small Cap | Variman Global Enter Share Price

₹3.76 -0.19 (-4.81%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹73 Cr.
Current Price
₹3.8
52-Week Low / High
₹3 / 18
TTM EPS
₹0.2
TTM Sales
₹104 Cr.
Book Value per Share
₹2.5
P/E Ratio
21.30
Lower than its 5-year historical median
Industry PE
36
Price to Book (P/B)
1.52
Lower than its 5-year historical median
Price to Sales (P/S)
0.71
Lower than its 5-year historical median
EV/EBITDA
12.19
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
1.19%
Underperforms industry median
Return on Capital Employed (ROCE)
4.58%
Outperforms industry median
Return on Assets (ROA)
0.57%
Operating Profit Margin
-4.1%
Net Profit Margin
0.61%
Gross Profit Margin
1.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
20.07%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-28%
Asset Quality
Promoter Holding
27.75%
Pledged shares (%) of Promoter's holding (%)
11.08%
Reserves
₹29 Cr.
Equity
₹19.5 Cr.
Face Value
₹1
All Time Low / High
₹0.44 / 34.00

Variman Global Enterprises stock performance

Key Ratios
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Check Before You Invest

M-Cap below 100cr DeciZen not available

Q.1 Is Variman Global Enterprises Ltd a good quality company?
Variman Global Enterprises Ltd is a quality company, based on a multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Variman Global Enterprises Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Variman Global Enterprises Ltd vs industry peers?
Variman Global Enterprises Ltd revenue CAGR is 26.23%, compared to the industry median CAGR of 0%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Variman Global Enterprises Ltd?
Promoters hold 27.75% of the Variman Global Enterprises Ltd, with 11.08% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Variman Global Enterprises Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 5.03% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Variman Global Enterprises Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 4.9%-10.2%1%1.2%3.3%6.3%2.2%7.9%5.1%4.6%-
Value Creation
Index
-0.7-1.7-0.9-0.9-0.8-0.6-0.8-0.4-0.6-0.7-

Growth Parameters

Sales 3.31.80.65.818.722.122.951.249.959.9104
Sales YoY Gr.--44.4%-66.7%842.6%225.2%18%3.9%123.5%-2.6%20.1%-
Adj EPS 0-0.1-000000.1000.2
YoY Gr.--333.3%NANA0%100%-100%NA-57.1%-33.3%-
BVPS (₹) 0.70.60.60.90.90.91.11.51.61.62.5
Adj Net
Profit
0.1-0.4-00.10.20.30.11.30.50.44
Cash Flow from Ops. 0.1-0.4-0.8-5.20.6-0.8-6.8-9.2-6.2-18.4-
Debt/CF from Ops. 0.1-0.4-0.3-0.33.5-3-0.4-0.8-2-0.8-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 38.1%26.2%37.8%20.1%
Adj EPS -4.4%14.9%NA-33.3%
BVPS10%12.2%13.2%1.3%
Share Price - -1.2% -38.9% -65.4%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.9-11.3-0.211.52.10.35.11.718.9
Op. Profit
Mgn %
9.1-14.9-14.5-4.13.22.9-1.62.4-0.5-4.13.5
Net Profit
Mgn %
4.1-20.5-0.81.51.21.40.32.510.63.4
Debt to
Equity
00.10.10.10.10.20.20.20.40.50.5
Working Cap
Days
2717983,499468172206238188291312103
Cash Conv.
Cycle
2132745139051434635454657

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3.291.830.615.7518.7022.0722.9351.2449.9259.94
Operating Expenses + 2.992.100.705.9818.1021.4223.3050.0250.1662.39
Manufacturing Costs0.01000.010.010000.010.59
Material Costs2.881.570.465.4716.7619.7321.1446.7844.0754.64
Employee Cost 00.090.010.320.761.061.132.282.984.15
Other Costs 0.110.440.220.180.580.631.030.963.113.01
Operating Profit 0.30-0.27-0.09-0.230.600.65-0.381.22-0.24-2.44
Operating Profit Margin (%) 9.1%-14.9%-14.5%-4.1%3.2%2.9%-1.6%2.4%-0.5%-4.1%
Other Income + 000.180.390.030.570.911.232.635.32
Exceptional Items 0000000000
Interest 00.030.0400.240.180.370.771.391.85
Depreciation 0.140.080.060.040.080.130.080.070.380.54
Profit Before Tax 0.17-0.38-00.120.310.910.081.600.620.49
Tax 0.03-0.0100.030.080.260.030.320.120.12
Profit After Tax 0.13-0.37-00.090.230.660.061.280.500.36
PAT Margin (%) 4.1%-20.5%-0.8%1.5%1.2%3.0%0.3%2.5%1.0%0.6%
Adjusted EPS (₹)0.0-0.10.00.00.00.00.00.10.00.0
Dividend Payout Ratio (%)0%0%0%0%0%38.30%0%0%0%0%

Valuation of Variman Global Enter - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 3.513.143.1314.7114.9415.3419.5228.8130.3030.66
Share Capital 5.255.255.2516.7416.7416.7417.9919.4019.4619.46
Reserves -1.74-2.12-2.12-2.03-1.81-1.401.539.4110.8411.20
Debt +0.010.170.251.391.962.372.966.9112.5914.76
Long Term Debt000.130.100.540.181.383.905.9014.76
Short Term Debt0.010.170.121.281.422.201.583.016.690
Minority Interest0000000000
Trade Payables0.090.220.9302.115.201.2411.2111.9713.71
Others Liabilities 0.153.072.150.150.370.791.431.120.7913.79
Total Liabilities 3.766.606.4616.2419.3723.7025.1648.0555.6472.92

Fixed Assets

Net Fixed Assets +1.190.810.140.100.290.250.171.242.162.99
Gross Block1.601.300.700.700.961.061.062.213.504.87
Accumulated Depreciation0.410.490.560.600.680.810.890.961.341.88
CWIP 0000.121.041.120.950.960.961.59
Investments 0007.335.324.974.595.946.117.06
Inventories0.190.090.530.422.832.461.654.817.847.45
Trade Receivables1.970.850.981.833.536.634.4713.4611.0916.46
Cash Equivalents 0.170.200.110.160.240.420.290.510.310.20
Others Assets 0.244.654.696.286.137.8613.0421.1227.1737.18
Total Assets 3.766.606.4616.2419.3723.7025.1648.0555.6472.92

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 0.10-0.42-0.78-5.150.57-0.81-6.78-9.22-6.16-18.43
PBT 0.17-0.38-00.120.310.910.081.600.620.49
Adjustment 0.140.080.060.040.29-0.26-0.36-0.38-0.861.62
Changes in Working Capital -0.14-0.12-0.84-5.310.06-1.19-6.47-10.12-5.79-20.41
Tax Paid -0.06000-0.09-0.27-0.03-0.32-0.12-0.13
Cash Flow From Investing Activity + -0.010.300.60-7.44-0.400.751.35-1.291.17-2.18
Capex -0.010.300.60-0.12-1.19-0.170.16-1.16-1.29-2
Net Investments 000-7.330.770.840-1.35-0.17-0.95
Others 000-00.030.081.191.232.630.77
Cash Flow From Financing Activity + 00.160.0812.65-0.100.245.2910.734.7920.50
Net Proceeds from Shares 00011.49004.138.010.990
Net Proceeds from Borrowing 0000000000
Interest Paid 0000-0.24-0.18-0.37-0.77-1.39-1.85
Dividend Paid 0000000000
Others 00.160.081.160.140.411.543.495.1822.35
Net Cash Flow 0.100.04-0.090.050.070.18-0.130.22-0.20-0.11

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)3.92-11.25-0.150.981.534.340.335.281.681.19
ROCE (%)4.86-10.240.951.23.36.32.27.945.074.58
Asset Turnover Ratio0.860.350.090.511.251.211.131.551.030.98
PAT to CFO Conversion(x)0.77N/AN/A-57.222.48-1.23-113-7.2-12.32-51.19
Working Capital Days
Receivable Days228.50282543.2089.2043.8071.1073.2057.7083.5080.20
Inventory Days20.6027.10182.6030.2026.603727.1020.804344.50
Payable Days28.3037453.60045.9067.6055.6048.609685.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *1.5112.4710.9610.9610.9611.0011.0111.0411.0611.08
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Variman Global Enterprises Ltd FAQs

The current trading price of Variman Global Enter on 04-Jun-2026 16:59 is ₹3.76.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Variman Global Enter stood at ₹73.35 Cr

The latest P/E ratio of Variman Global Enter as of 03-Jun-2026 is 21.30.

The latest P/B ratio of Variman Global Enter as of 03-Jun-2026 is 1.52.

The 52-week high of Variman Global Enter is ₹18.00 and the 52-week low is ₹2.75.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Variman Global Enter is ₹104 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Variman Global Enterprises Ltd is a below average quality company.

The key valuation ratios of Variman Global Enterprises Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Variman Global Enterprises Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Variman Global Enterprises Ltd

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