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Variman Global Enterprises

540570 BSE
₹3.97

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P/E
36.09
View as Markdown
MCP
Close 4 Nov 2026 ₹3.97 −4.77 −54.6% 1Y
Start ₹8.74

Key Fundamentals

MicrocapCommercial ServicesServices

Price-based figures at the close · EPS basis: Consolidated · TTM

ROCE
10.30%
Debt to Equity
0.67
EPS (TTM)
₹0.11
Book Value
₹2.60
Market Cap
—
P/E (TTM)
36.09
P/B
1.53
ROE
6.86%
Dividend Yield
3.53%
EBITDA
₹9.30 Cr
52W High
₹8.95
52W Low
₹2.75

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

45 Average

Data confidence 100/100

Category scores

Quality
45
Weak
Returns, margins, earnings quality 22% weight
Valuation
40
Weak
Cheap vs sector & own history 24% weight
Growth
51
Average
Sales & profit trajectory 9% weight
Financial Health
32
Poor
Solvency, leverage, coverage 9% weight
Momentum
38
Weak
Trend strength, vol-adjusted 12% weight
Ownership
50
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Company is expected to give good quarter

Weaknesses

6
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Promoter holding is low: 27.8%
  • Company has a low return on equity of 4.18% over last 3 years.
  • Earnings include an other income of Rs.3.13 Cr.
  • Debtor days have increased from 85.4 to 104 days.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1270
OscillatorsBearish270
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
39.37
Neutral
MACD (12,26,9)
−0.15
Bearish
SMA (50)
4.66
Bearish
SMA (200)
4.49
Bearish

As of

Growth Rate

From the financial statements below. 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
5Y+17.83%
3Y+4.93%
1Y+22.94%
TTM+7.75%

Net profit

Net profit growth by window
5Y+24.57%
3Y+14.47%
1Y+200.00%
TTM−1.21%

Operating cash flow

Operating cash flow growth by window
5YTurned negative
3YOutflow narrowed by ₹8 Cr
1YOutflow narrowed by ₹16 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
5Y+3.53 pp
3Y+4.36 pp
1Y+6.14 pp
TTM+2.85 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2018₹1.00 Cr
Mar 2019₹50.00 Cr
Mar 2020₹61.00 Cr
Mar 2021₹59.00 Cr
Mar 2022₹77.00 Cr
Mar 2023₹116 Cr
Mar 2024₹113 Cr
Mar 2025₹109 Cr
Mar 2026₹134 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2018₹0.00 Cr
Mar 2019₹1.00 Cr
Mar 2020₹1.00 Cr
Mar 2021₹1.00 Cr
Mar 2022₹0.00 Cr
Mar 2023₹2.00 Cr
Mar 2024₹1.00 Cr
Mar 2025₹1.00 Cr
Mar 2026₹3.00 Cr

Quarterly Results

₹ Cr
540570 quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
25.43
33.53
27.04
27.33
23.58
32.1
31.46
21.49
32.05
22.39
33.92
44.34
25.53
Expenses
25.94
31.22
27.22
28.63
24.34
31.78
31.52
21.81
30.36
22.64
32.14
42.56
23.49
Operating Profit
−0.51
2.31
−0.18
−1.3
−0.76
0.32
−0.06
−0.32
1.69
−0.25
1.78
1.78
2.04
OPM %
−2.01%
6.89%
−0.67%
−4.76%
−3.22%
1%
−0.19%
−1.49%
5.27%
−1.12%
5.25%
4.01%
7.99%
Other Income
1
0.89
0.66
2.28
1.58
1.01
2.58
1.27
1.66
1.36
1.13
0.11
0.53
Interest
0.65
0.69
0.64
1.08
0.37
0.77
1.52
1.18
0.83
0.76
1.14
1.29
0.96
Depreciation
0.16
0.1
0.21
0.06
0.17
0.19
0.19
0.22
0.15
0.15
0.16
0.16
0.16
PBT
−0.32
2.41
−0.37
−0.16
0.28
0.37
0.81
−0.45
2.37
0.2
1.61
0.44
1.45
Tax %
15.62%
13.28%
2.7%
−25%
25%
−5.41%
20.99%
15.56%
17.3%
60%
22.36%
90.91%
26.21%
Net Profit
−0.37
2.1
−0.37
−0.13
0.2
0.39
0.64
−0.52
1.97
0.09
1.25
0.04
1.07
EPS (₹)
−0.02
0.11
−0.02
−0.01
0.01
0.02
0.03
−0.03
0.1
0
0.06
0
0.05

Profit & Loss

₹ Cr
540570 profit and loss, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
1
50
61
59
77
116
113
109
134
126
Expenses
1
49
61
58
77
115
113
109
128
121
Operating Profit
0
0
0
1
0
1
0
−1
7
5
OPM %
−13%
0.4%
0.5%
2%
0%
0.7%
0.3%
−0.8%
5%
4.2%
Other Income
0
3
2
2
3
4
5
6
3
3
Interest
0
2
1
2
2
2
3
4
4
4
Depreciation
0
0
0
0
0
0
1
1
1
1
PBT
0
1
1
1
1
2
2
1
5
4
Tax %
—
25%
26%
28%
26%
21%
16%
29%
28%
—
Net Profit
0
1
1
1
0
2
1
1
3
2
EPS (₹)
0
0.03
0.04
0.06
0.03
0.09
0.05
0.03
0.17
0.11
Div. Payout %
—
0%
0%
26%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
540570 balance sheet, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
5
17
17
17
18
19
19
19
20
Reserves
−2
−2
−1
−1
3
12
13
27
31
Borrowings
0
16
17
18
18
22
27
31
34
Other Liabilities
3
5
7
11
8
18
18
21
27
Total Liabilities
6
36
39
45
48
71
78
99
112
Fixed Assets
0
7
8
9
9
11
12
13
13
CWIP
0
0
2
1
1
1
1
2
4
Investments
0
3
1
1
0
0
0
0
0
Other Assets
6
25
28
34
38
58
64
84
95
Total Assets
6
36
39
45
48
71
78
99
112

Cash Flow

₹ Cr
540570 cash flow, annual, ₹ crore
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
0
−9
0
0
−7
−9
−7
−17
−1
Investing
0
−10
−3
−2
1
−2
3
−1
0
Financing
0
19
3
0
6
10
3
18
0
Net Cash Flow
0
0
0
−2
0
0
0
0
−1
Free Cash Flow
0
−11
−3
0
−7
−10
−8
−19
−4
CFO/OP
0
−5,178
75
36
35,300
−1,052
−2,068
2,068
1

Ratios

540570 financial ratios, annual
Particulars Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
586
73
67
91
63
73
64
88
104
Inventory Days
—
—
—
—
—
—
—
—
56
Days Payable
—
—
—
—
—
—
—
—
65
Cash Conversion Cycle
586
73
67
91
63
73
64
88
96
Working Capital Days
1,783
129
94
105
113
102
111
130
114
ROCE %
—
16%
7%
9%
7%
10%
8%
7%
10%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view Variman Global Enterprises insights

56 extracted metrics across FY10–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 64.36%
  • Promoters 27.75%
  • Others 5.00%
  • FIIs 1.61%
  • Government 1.28%

No promoter shares pledged as of 14 Oct 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Variman Global Enterprises

What does Variman Global Enterprises Ltd do?
Incorporated in 1993, Variman Global Enterprises Ltd is in the business of distribution of HPMPS division and EATON Power Solutions
Where is Variman Global Enterprises Ltd (VARIMAN) listed?
Variman Global Enterprises Ltd trades under code 540570 on the BSE.
Which sector does Variman Global Enterprises Ltd belong to?
Variman Global Enterprises Ltd is classified under the Commercial Services sector, in the Trading & Distributors industry.
What is the PE ratio of Variman Global Enterprises Ltd?
Variman Global Enterprises Ltd trades at a PE ratio of 36.09 as of 4 Nov 2026, on earnings per share of ₹0.11, against a book value of ₹2.6 per share.
What is the 52-week high and low of Variman Global Enterprises Ltd?
Over the last 52 weeks Variman Global Enterprises Ltd has traded between ₹2.75 and ₹8.95 as of 4 Nov 2026.
Does Variman Global Enterprises Ltd pay dividends?
Variman Global Enterprises Ltd has a dividend yield of 3.53%.
What is the Return on Equity (ROE) of Variman Global Enterprises Ltd?
Variman Global Enterprises Ltd reported a return on equity of 6.86%. Its debt-to-equity ratio is 0.67.

Company Information

Incorporated in 1993, Variman Global Enterprises Ltd is in the business of distribution of HPMPS division and EATON Power Solutions

Website varimanglobal.com
Listed 13 Jun 2017
Face Value ₹1

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