Variman Global Enterprises
VARIMANGLOBALENTERPRISESLTD NSE
Variman Global Enterprises
Commercial ServicesNSE: VARIMANGLOBALENTERPRISESLTD BSE: 540570 Trading & Distributors
Key Fundamentals
MicrocapTrading & DistributorsCommercial ServicesMarket Cap
₹99.68 Cr
Volatility
Moderate
P/E Ratio
37.5
EBITDA
₹6.75 Cr
Return on Equity
1.43%
Debt to Equity
0.67
Book Value
₹2.6
EPS
₹0.09
52W High
₹12.88
52W Low
₹2.75
Tapetide Score
Data-driven rating, 0–100. How it works →
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.
Growth Rate
Revenue Growth
16.8% higher than
3Y
Net Income Growth
377% higher than
3Y
Cash Flow Change
-156% lower than
3Y
ROE
-61.56% lower than
3Y
ROCE
-28.06% higher than
3Y
EBITDA Margin (Avg.)
0.82% lower than
3Y
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 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 in Rs | -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
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | 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
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Variman Global Enterprises insights
57 extracted metrics + investor summaries across FY10–FY26.
Documents
1
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Company states it is not a SEBI Large Corporate for FY2026-27. 30 Apr - Company states it is not a SEBI Large Corporate for FY2026-27.
2
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
30 Apr - Variman Global confirms it is not a Large Corporate; FY26 debt borrowing nil. 30 Apr - Variman Global confirms it is not a Large Corporate; FY26 debt borrowing nil.
3
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
30 Apr - Company states it is not a SEBI Large Corporate for FY2026-27. 30 Apr - Company states it is not a SEBI Large Corporate for FY2026-27.
4
Format of the Annual Disclosure to be made by an entity identified as a LC - Annexure B2
30 Apr - Variman Global confirms it is not a Large Corporate; FY26 debt borrowing nil. 30 Apr - Variman Global confirms it is not a Large Corporate; FY26 debt borrowing nil.
5
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31.03.2026. 13 Apr - Submitted Regulation 74(5) compliance certificate for quarter ended 31.03.2026.
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[1]
Where is Variman Global Enterprises Ltd (540570) listed?
Variman Global Enterprises Ltd trades as VARIMANGLOBALENTERPRISESLTD on the NSE and 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 market capitalisation of Variman Global Enterprises Ltd?
Variman Global Enterprises Ltd has a market capitalisation of ₹99.68 Cr, which places it in the Small Cap band.
What is the PE ratio of Variman Global Enterprises Ltd?
Variman Global Enterprises Ltd trades at a PE ratio of 37.50, on earnings per share of ₹0.09, 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 ₹12.88.
Does Variman Global Enterprises Ltd pay dividends?
Variman Global Enterprises Ltd has a dividend yield of 3.08%.
What is the Return on Equity (ROE) of Variman Global Enterprises Ltd?
Variman Global Enterprises Ltd reported a return on equity of 1.43%. 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[1]
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