VARMORA GRANITO LIMITED (VARMORA) financials

VARMORA GRANITO LIMITED (VARMORA) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Varmora Granito Limited, incorporated in2003, manufactures and markets ceramicand vitrified tiles, including Glazed VitrifiedTiles (GVT), Polished Vitrified Tiles (PVT),and ceramic tiles.[1]

Market Cap: ₹3,440Cr.
Current Price: ₹152
Stock P/E: 59.1
ROE: 7.62%
ROCE: 10.0%
Book Value: ₹
Dividend Yield: 0.00%
52W High / Low: ₹164/148

Annual Mar 2026: sales ₹1,362 Cr, net profit ₹58 Cr.

Shareholding: Promoters 47.04% (Sep 2026), FIIs 4.68% (Sep 2026), DIIs 5.76% (Sep 2026), Public 42.52% (Sep 2026), No. of Shareholders 1,38,169% (Sep 2026).

VARMORA profit and loss (₹ Cr.)
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Sales	706	873	1,214	1,284	1,313	1,362
Expenses	665	810	1,138	1,202	1,183	1,214
Operating Profit	41	62	76	82	130	148
OPM %	6%	7%	6%	6%	10%	11%
Other Income	2	6	65	38	49	53
Interest	5	4	34	19	35	33
Depreciation	8	9	35	43	101	88
Profit before tax	30	55	71	58	43	80
Tax %	26%	26%	35%	27%	33%	27%
Net Profit	23	41	47	42	29	58
EPS in Rs	22.65	41.14	35.00	5.30	1.43	2.90
Dividend Payout %	0%	0%	0%	0%	0%	0%

VARMORA balance sheet (₹ Cr.)
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	10	10	31	40	40	40
Reserves	114	155	615	652	689	759
Borrowings	68	79	160	333	421	297
Other Liabilities	200	212	261	301	278	273
Total Liabilities	392	456	1,067	1,326	1,428	1,370
Fixed Assets	56	59	192	588	545	474
CWIP	0	1	12	2	10	26
Investments	72	73	86	101	101	115
Other Assets	263	323	777	635	772	754
Total Assets	392	456	1,067	1,326	1,428	1,370

VARMORA cash flows (₹ Cr.)
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	66	10	-5	66	45	206
Cash from Investing Activity	-30	-8	-107	-338	-104	-45
Cash from Financing Activity	-18	7	308	138	48	-161
Net Cash Flow	17	9	196	-134	-10	0
Free Cash Flow	50	-4	-16	-274	-45	174
CFO/OP	173%	35%	26%	104%	44%	149%

VARMORA shareholding pattern (%)
Category	Sep 2026
Promoters	47.04%
FIIs	4.68%
DIIs	5.76%
Public	42.52%
No. of Shareholders	1,38,169

VARMORA key ratios
Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	100	89	96	84	94	88
Inventory Days	18	22	85	82	170	129
Days Payable	121	113	120	97	130	116
Cash Conversion Cycle	-3	-2	61	69	134	102
Working Capital Days	9	15	50	44	51	62
ROCE %	—	27%	20%	8%	7%	10%

VARMORAUpdated 30 Sept 2026, 5:34

Varmora Granito Limited

VARMORAUpdated 30 Sept 2026, 5:34

Market Cap

₹3,440Cr.

Current Price

₹152

High / Low

₹164/148

Stock P/E

59.1

Book Value₹

Dividend Yield0.00%

ROCE10.0%

ROE7.62%

Face Value₹2.00

About

Varmora Granito Limited, incorporated in2003, manufactures and markets ceramicand vitrified tiles, including Glazed VitrifiedTiles (GVT), Polished Vitrified Tiles (PVT),and ceramic tiles.[1]

Quarterly results

Last reported quarters₹ Cr.

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2021	706	5	665	2	8	30	26	23	22.65
Mar 2022	873	4	810	6	9	55	26	41	41.14
Mar 2023	1214	34	1138	65	35	71	35	47	35
Mar 2024	1284	19	1202	38	43	58	27	42	5.3
Mar 2025	1313	35	1183	49	101	43	33	29	1.43
Mar 2026	1362	33	1214	53	88	80	27	58	2.9

Shareholding pattern

As of Sep 2026%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Public
Sep 2026	47.04%	4.68%	5.76%	42.52%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2021	10	114	68	200	392	56	0	72	263	392
Mar 2022	10	155	79	212	456	59	1	73	323	456
Mar 2023	31	615	160	261	1067	192	12	86	777	1067
Mar 2024	40	652	333	301	1326	588	2	101	635	1326
Mar 2025	40	689	421	278	1428	545	10	101	772	1428
Mar 2026	40	759	297	273	1370	474	26	115	754	1370

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2021	66	-30	-18	17
Mar 2022	10	-8	7	9
Mar 2023	-5	-107	308	196
Mar 2024	66	-338	138	-134
Mar 2025	45	-104	48	-10
Mar 2026	206	-45	-161	0

Key ratios

Historical financial ratios

Category	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	100	89	96	84	94	88
Inventory Days	18	22	85	82	170	129
Days Payable	121	113	120	97	130	116
Cash Conversion Cycle	-3	-2	61	69	134	102
Working Capital Days	9	15	50	44	51	62
ROCE %	—	27%	20%	8%	7%	10%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of VARMORA GRANITO LIMITED (VARMORA)?

The reported market capitalisation for VARMORA GRANITO LIMITED (VARMORA) is ₹3,440Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of VARMORA?

The current price shown for VARMORA GRANITO LIMITED (VARMORA) on Fincrux is ₹152 with a 52-week high/low of ₹164/148.

What is the P/E ratio of VARMORA GRANITO LIMITED (VARMORA)?

The stock P/E for VARMORA GRANITO LIMITED (VARMORA) is 59.1 on Fincrux, with ROE at 7.62% and ROCE at 10.0%.

What are VARMORA annual sales and net profit?

For Mar 2026, VARMORA GRANITO LIMITED (VARMORA) shows sales of ₹1,362 Cr and net profit of ₹58 Cr on the Fincrux profit & loss statement.

Who owns VARMORA GRANITO LIMITED (VARMORA)?

Latest shareholding for VARMORA GRANITO LIMITED (VARMORA) on Fincrux: Promoters 47.04% (Sep 2026), FIIs 4.68% (Sep 2026), DIIs 5.76% (Sep 2026), Public 42.52% (Sep 2026), No. of Shareholders 1,38,169% (Sep 2026).

Where can I find VARMORA GRANITO LIMITED (VARMORA) financials?

VARMORA GRANITO LIMITED (VARMORA) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show VARMORA balance sheet and cash flow?

Yes. The VARMORA GRANITO LIMITED (VARMORA) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 30 September 2026 at 5:34