Share Price and Basic Stock Data
Last Updated: January 2, 2026, 6:47 pm
| PEG Ratio | 1.73 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Varun Beverages Ltd operates in the non-alcoholic beverages sector, with a current market price of ₹494 and a market capitalization of ₹1,67,071 Cr. The company has shown substantial growth in sales, reporting ₹13,173 Cr in December 2022, which increased to ₹16,043 Cr in December 2023, and is on track for ₹20,008 Cr in December 2024, reflecting a robust trajectory. For the trailing twelve months, revenues stood at ₹21,170 Cr. Quarterly sales figures also indicate volatility, with the highest recorded in June 2024 at ₹7,197 Cr, showcasing the company’s seasonal sales patterns. The operating profit margin (OPM) has seen an upward trend, reaching 24% in December 2024, indicating improved cost efficiencies. This growth in revenue is supported by the company’s strategic expansion and increasing demand for its products, positioning Varun Beverages as a key player in the competitive beverage landscape.
Profitability and Efficiency Metrics
Varun Beverages has demonstrated strong profitability metrics, with a net profit of ₹2,998 Cr for the trailing twelve months and a return on equity (ROE) of 22.5%. The operating profit for December 2023 was reported at ₹3,717 Cr, reflecting an operating margin of 23%, signifying effective cost management. The interest coverage ratio (ICR) stood at 10.73x, indicating that the company comfortably meets its interest obligations, which is a positive sign for investors. The cash conversion cycle (CCC) of 66 days suggests an efficient operational cycle, although the inventory days have fluctuated, recorded at 106 days in December 2023. The company’s focus on improving operational efficiencies has contributed to a steady rise in profitability, making it a compelling choice for investors looking for stability in the beverage sector.
Balance Sheet Strength and Financial Ratios
Varun Beverages maintains a solid balance sheet, with total assets recorded at ₹24,716 Cr as of June 2025. The company has reserves amounting to ₹17,687 Cr and borrowings of ₹2,138 Cr, highlighting a conservative leverage strategy with a total debt-to-equity ratio of 0.14x. The price-to-book value (P/BV) ratio stands at 13.00x, indicating market confidence in the company’s valuation relative to its book value. The current ratio of 1.74x implies sufficient liquidity to cover short-term liabilities, while the quick ratio of 1.12x further reinforces this liquidity position. These financial ratios demonstrate Varun Beverages’ ability to sustain operations and invest in growth opportunities while managing its liabilities effectively, providing a robust foundation for future expansion.
Shareholding Pattern and Investor Confidence
As of September 2025, Varun Beverages’ shareholding structure comprises 59.44% held by promoters, 21.93% by foreign institutional investors (FIIs), and 11.78% by domestic institutional investors (DIIs), indicating a balanced investor composition that supports stability and growth. The number of shareholders has shown a steady increase, reaching 9,02,881, which reflects growing retail investor confidence. However, there has been a slight decline in promoter shareholding from 63.90% in December 2022 to 59.44% in September 2025, which may raise questions about long-term commitment. The gradual increase in DIIs from 3.42% in December 2022 to 11.78% in September 2025 suggests increasing institutional interest, indicating confidence in the company’s prospects and operational performance.
Outlook, Risks, and Final Insight
Looking ahead, Varun Beverages is well-positioned for continued growth, supported by its strong revenue trends and profitability metrics. However, it faces risks associated with fluctuating raw material costs and competition in the beverage market. The company’s operational efficiency, as evidenced by its CCC and OPM, will be crucial in mitigating these risks. Additionally, the reliance on a limited range of products could expose the company to market volatility. Should Varun Beverages successfully diversify its product offerings and maintain its efficiency, it stands to capture a larger market share in the non-alcoholic beverage sector. Conversely, any significant increase in competition or adverse economic conditions could impact its performance. Therefore, while the outlook remains optimistic, careful attention to these risks will be essential for sustaining growth.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Varun Beverages Ltd | 1,67,071 Cr. | 494 | 655/419 | 56.3 | 54.3 | 0.20 % | 24.8 % | 22.5 % | 2.00 |
| Industry Average | 167,071.00 Cr | 494.00 | 56.30 | 54.30 | 0.20% | 24.80% | 22.50% | 2.00 |
Quarterly Result
| Metric | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,177 | 2,214 | 3,893 | 5,611 | 3,871 | 2,668 | 4,317 | 7,197 | 4,805 | 3,689 | 5,567 | 7,017 | 4,897 |
| Expenses | 2,478 | 1,907 | 3,095 | 4,101 | 2,989 | 2,249 | 3,329 | 5,206 | 3,654 | 3,110 | 4,304 | 5,020 | 3,751 |
| Operating Profit | 699 | 307 | 798 | 1,511 | 882 | 418 | 989 | 1,991 | 1,151 | 579 | 1,263 | 1,998 | 1,146 |
| OPM % | 22% | 14% | 20% | 27% | 23% | 16% | 23% | 28% | 24% | 16% | 23% | 28% | 23% |
| Other Income | 11 | 9 | 10 | 42 | 19 | 9 | 8 | 44 | 24 | 45 | 28 | 77 | 148 |
| Interest | 45 | 47 | 63 | 69 | 62 | 74 | 94 | 129 | 119 | 109 | 41 | 37 | 45 |
| Depreciation | 153 | 180 | 172 | 172 | 171 | 166 | 188 | 242 | 257 | 261 | 273 | 306 | 308 |
| Profit before tax | 511 | 90 | 573 | 1,311 | 667 | 188 | 716 | 1,663 | 800 | 254 | 978 | 1,732 | 941 |
| Tax % | 23% | 9% | 24% | 23% | 23% | 24% | 23% | 24% | 21% | 23% | 25% | 23% | 21% |
| Net Profit | 395 | 82 | 439 | 1,005 | 514 | 144 | 548 | 1,262 | 629 | 196 | 731 | 1,325 | 745 |
| EPS in Rs | 1.17 | 0.23 | 1.32 | 3.06 | 1.54 | 0.41 | 1.65 | 3.86 | 1.91 | 0.55 | 2.15 | 3.89 | 2.19 |
Last Updated: January 2, 2026, 5:04 pm
Below is a detailed analysis of the quarterly data for Varun Beverages Ltd based on the most recent figures (Sep 2025) and their trends compared to the previous period:
- For Sales, as of Sep 2025, the value is 4,897.00 Cr.. The value appears to be declining and may need further review. It has decreased from 7,017.00 Cr. (Jun 2025) to 4,897.00 Cr., marking a decrease of 2,120.00 Cr..
- For Expenses, as of Sep 2025, the value is 3,751.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 5,020.00 Cr. (Jun 2025) to 3,751.00 Cr., marking a decrease of 1,269.00 Cr..
- For Operating Profit, as of Sep 2025, the value is 1,146.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,998.00 Cr. (Jun 2025) to 1,146.00 Cr., marking a decrease of 852.00 Cr..
- For OPM %, as of Sep 2025, the value is 23.00%. The value appears to be declining and may need further review. It has decreased from 28.00% (Jun 2025) to 23.00%, marking a decrease of 5.00%.
- For Other Income, as of Sep 2025, the value is 148.00 Cr.. The value appears strong and on an upward trend. It has increased from 77.00 Cr. (Jun 2025) to 148.00 Cr., marking an increase of 71.00 Cr..
- For Interest, as of Sep 2025, the value is 45.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 37.00 Cr. (Jun 2025) to 45.00 Cr., marking an increase of 8.00 Cr..
- For Depreciation, as of Sep 2025, the value is 308.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 306.00 Cr. (Jun 2025) to 308.00 Cr., marking an increase of 2.00 Cr..
- For Profit before tax, as of Sep 2025, the value is 941.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,732.00 Cr. (Jun 2025) to 941.00 Cr., marking a decrease of 791.00 Cr..
- For Tax %, as of Sep 2025, the value is 21.00%. The value appears to be improving (decreasing) as expected. It has decreased from 23.00% (Jun 2025) to 21.00%, marking a decrease of 2.00%.
- For Net Profit, as of Sep 2025, the value is 745.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,325.00 Cr. (Jun 2025) to 745.00 Cr., marking a decrease of 580.00 Cr..
- For EPS in Rs, as of Sep 2025, the value is 2.19. The value appears to be declining and may need further review. It has decreased from 3.89 (Jun 2025) to 2.19, marking a decrease of 1.70.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: December 15, 2025, 5:44 am
| Metric | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 2,115 | 2,502 | 3,394 | 3,861 | 4,004 | 5,105 | 7,130 | 6,450 | 8,823 | 13,173 | 16,043 | 20,008 | 21,170 |
| Expenses | 1,824 | 2,116 | 2,752 | 3,052 | 3,165 | 4,069 | 5,667 | 5,235 | 7,129 | 10,310 | 12,326 | 15,193 | 16,184 |
| Operating Profit | 291 | 387 | 642 | 810 | 838 | 1,036 | 1,462 | 1,215 | 1,694 | 2,863 | 3,717 | 4,815 | 4,986 |
| OPM % | 14% | 15% | 19% | 21% | 21% | 20% | 21% | 19% | 19% | 22% | 23% | 24% | 24% |
| Other Income | 19 | 14 | 36 | 27 | 14 | 6 | 47 | -30 | 51 | -18 | -5 | 48 | 298 |
| Interest | 171 | 187 | 170 | 435 | 215 | 223 | 324 | 294 | 207 | 204 | 292 | 483 | 232 |
| Depreciation | 184 | 210 | 317 | 322 | 347 | 385 | 489 | 529 | 531 | 617 | 681 | 947 | 1,147 |
| Profit before tax | -46 | 4 | 191 | 79 | 291 | 434 | 696 | 363 | 1,007 | 2,024 | 2,739 | 3,433 | 3,905 |
| Tax % | -11% | 658% | 41% | 39% | 26% | 31% | 32% | 1% | 26% | 23% | 23% | 23% | |
| Net Profit | -40 | -20 | 113 | 48 | 214 | 300 | 472 | 357 | 746 | 1,550 | 2,102 | 2,634 | 2,998 |
| EPS in Rs | -0.18 | -0.09 | 0.50 | 0.14 | 0.68 | 0.95 | 1.44 | 1.01 | 2.14 | 4.61 | 6.33 | 7.67 | 8.78 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 22% | 16% | 15% | 22% | 16% | 15% | 16% | 13% |
YoY Net Profit Growth
| Year |
|---|
| YoY Net Profit Growth (%) |
| Change in YoY Net Profit Growth (%) |
No data available for trend analysis.
Growth
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 23% |
| 3 Years: | 31% |
| TTM: | 17% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 63% |
| 5 Years: | 41% |
| 3 Years: | 55% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 49% |
| 3 Years: | 33% |
| 1 Year: | -20% |
| Return on Equity | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 25% |
| 3 Years: | 28% |
| Last Year: | 22% |
Last Updated: September 4, 2025, 9:40 pm
Balance Sheet
Last Updated: August 11, 2025, 4:21 pm
| Month | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 134 | 134 | 134 | 182 | 183 | 183 | 289 | 289 | 433 | 650 | 650 | 676 | 676 |
| Reserves | 82 | 9 | 91 | 1,511 | 1,587 | 1,816 | 3,040 | 3,235 | 3,647 | 4,453 | 6,287 | 15,934 | 17,687 |
| Borrowings | 2,332 | 2,615 | 2,527 | 2,215 | 2,654 | 2,808 | 3,417 | 3,216 | 3,387 | 3,884 | 5,431 | 2,826 | 2,138 |
| Other Liabilities | 439 | 533 | 1,680 | 915 | 852 | 1,192 | 1,630 | 1,707 | 2,113 | 2,632 | 2,819 | 3,688 | 4,214 |
| Total Liabilities | 2,986 | 3,292 | 4,431 | 4,824 | 5,276 | 5,998 | 8,376 | 8,447 | 9,579 | 11,618 | 15,187 | 23,124 | 24,716 |
| Fixed Assets | 2,375 | 2,355 | 3,496 | 3,716 | 3,981 | 4,387 | 6,479 | 6,409 | 6,311 | 6,932 | 8,409 | 13,402 | 15,639 |
| CWIP | 27 | 25 | 38 | 96 | 145 | 352 | 64 | 67 | 497 | 607 | 1,922 | 1,167 | 591 |
| Investments | 1 | 304 | 3 | 7 | 8 | 11 | 0 | 0 | 0 | 0 | 21 | 60 | 135 |
| Other Assets | 583 | 608 | 894 | 1,006 | 1,141 | 1,247 | 1,833 | 1,972 | 2,772 | 4,079 | 4,835 | 8,496 | 8,351 |
| Total Assets | 2,986 | 3,292 | 4,431 | 4,824 | 5,276 | 5,998 | 8,376 | 8,447 | 9,579 | 11,618 | 15,187 | 23,124 | 24,716 |
Below is a detailed analysis of the balance sheet data for Varun Beverages Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Equity Capital, as of Jun 2025, the value is 676.00 Cr.. The value remains steady. There is no change compared to the previous period (Dec 2024) which recorded 676.00 Cr..
- For Reserves, as of Jun 2025, the value is 17,687.00 Cr.. The value appears strong and on an upward trend. It has increased from 15,934.00 Cr. (Dec 2024) to 17,687.00 Cr., marking an increase of 1,753.00 Cr..
- For Borrowings, as of Jun 2025, the value is 2,138.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 2,826.00 Cr. (Dec 2024) to 2,138.00 Cr., marking a decrease of 688.00 Cr..
- For Other Liabilities, as of Jun 2025, the value is 4,214.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 3,688.00 Cr. (Dec 2024) to 4,214.00 Cr., marking an increase of 526.00 Cr..
- For Total Liabilities, as of Jun 2025, the value is 24,716.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 23,124.00 Cr. (Dec 2024) to 24,716.00 Cr., marking an increase of 1,592.00 Cr..
- For Fixed Assets, as of Jun 2025, the value is 15,639.00 Cr.. The value appears strong and on an upward trend. It has increased from 13,402.00 Cr. (Dec 2024) to 15,639.00 Cr., marking an increase of 2,237.00 Cr..
- For CWIP, as of Jun 2025, the value is 591.00 Cr.. The value appears to be declining and may need further review. It has decreased from 1,167.00 Cr. (Dec 2024) to 591.00 Cr., marking a decrease of 576.00 Cr..
- For Investments, as of Jun 2025, the value is 135.00 Cr.. The value appears strong and on an upward trend. It has increased from 60.00 Cr. (Dec 2024) to 135.00 Cr., marking an increase of 75.00 Cr..
- For Other Assets, as of Jun 2025, the value is 8,351.00 Cr.. The value appears to be declining and may need further review. It has decreased from 8,496.00 Cr. (Dec 2024) to 8,351.00 Cr., marking a decrease of 145.00 Cr..
- For Total Assets, as of Jun 2025, the value is 24,716.00 Cr.. The value appears strong and on an upward trend. It has increased from 23,124.00 Cr. (Dec 2024) to 24,716.00 Cr., marking an increase of 1,592.00 Cr..
Notably, the Reserves (17,687.00 Cr.) exceed the Borrowings (2,138.00 Cr.), indicating a solid financial buffer.
Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.
Cash Flow
| Month | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
Free Cash Flow
| Month | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Free Cash Flow | 289.00 | 385.00 | 640.00 | 808.00 | 836.00 | -1.00 | -2.00 | -2.00 | -2.00 | -1.00 | -2.00 | 2.00 |
Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)
Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.
Financial Efficiency Indicators
| Month | Dec 2013 | Dec 2014 | Dec 2015 | Dec 2016 | Dec 2017 | Dec 2018 | Dec 2019 | Dec 2020 | Dec 2021 | Dec 2022 | Dec 2023 | Dec 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 11 | 14 | 11 | 12 | 14 | 9 | 9 | 14 | 9 | 8 | 8 | 15 |
| Inventory Days | 75 | 77 | 90 | 103 | 88 | 94 | 100 | 123 | 131 | 116 | 106 | 114 |
| Days Payable | 42 | 48 | 39 | 58 | 38 | 52 | 54 | 68 | 64 | 48 | 37 | 64 |
| Cash Conversion Cycle | 44 | 43 | 62 | 58 | 64 | 52 | 55 | 69 | 76 | 76 | 77 | 66 |
| Working Capital Days | 28 | -99 | -73 | -89 | -65 | -50 | -37 | -47 | -34 | -24 | -9 | 16 |
| ROCE % | 5% | 7% | 12% | 16% | 12% | 15% | 18% | 11% | 17% | 27% | 29% | 25% |
Mutual Fund Holdings
| Fund Name | No of Shares | AUM (%) | Amount Invested (Cr) | Previous Number of Shares | Previous Date | Percentage Change |
|---|---|---|---|---|---|---|
| SBI Large Cap Fund | 24,500,000 | 2.12 | 1179.8 | 15,670,258 | 2025-12-15 03:24:49 | 56.35% |
| Nippon India Growth Mid Cap Fund | 13,800,000 | 1.58 | 664.54 | 13,600,000 | 2025-12-15 01:56:58 | 1.47% |
| Mirae Asset Large Cap Fund | 12,719,923 | 1.46 | 612.53 | 12,423,074 | 2025-12-15 03:24:49 | 2.39% |
| Tata Large & Mid Cap Fund | 7,000,000 | 3.85 | 337.09 | N/A | N/A | N/A |
| Nippon India Focused Fund | 6,012,573 | 3.26 | 289.54 | N/A | N/A | N/A |
| Nippon India Multi Cap Fund | 5,614,570 | 0.54 | 270.37 | N/A | N/A | N/A |
| Axis ELSS Tax Saver Fund | 5,365,940 | 0.74 | 258.4 | 4,620,621 | 2025-12-15 03:24:49 | 16.13% |
| Invesco India Contra Fund | 5,128,275 | 1.2 | 246.95 | N/A | N/A | N/A |
| Aditya Birla Sun Life ELSS Tax Saver Fund | 4,829,672 | 1.48 | 232.57 | N/A | N/A | N/A |
| Canara Robeco Large Cap Fund | 4,681,703 | 1.29 | 225.45 | 4,581,703 | 2025-12-15 03:23:21 | 2.18% |
Key Financial Ratios
| Month | Dec 24 | Dec 23 | Dec 22 | Dec 21 | Dec 20 |
|---|---|---|---|---|---|
| FaceValue | 2.00 | 5.00 | 10.00 | 10.00 | 10.00 |
| Basic EPS (Rs.) | 7.95 | 15.83 | 23.05 | 16.03 | 11.40 |
| Diluted EPS (Rs.) | 7.94 | 15.82 | 23.05 | 16.03 | 11.40 |
| Cash EPS (Rs.) | 10.60 | 21.42 | 33.37 | 29.50 | 32.99 |
| Book Value[Excl.RevalReserv]/Share (Rs.) | 49.12 | 54.53 | 80.29 | 96.91 | 124.31 |
| Book Value[Incl.RevalReserv]/Share (Rs.) | 49.12 | 54.53 | 80.29 | 96.91 | 124.31 |
| Revenue From Operations / Share (Rs.) | 59.17 | 123.48 | 202.80 | 203.75 | 223.43 |
| PBDIT / Share (Rs.) | 14.29 | 28.39 | 43.52 | 39.78 | 42.91 |
| PBIT / Share (Rs.) | 11.49 | 23.15 | 34.02 | 27.51 | 24.60 |
| PBT / Share (Rs.) | 10.16 | 21.09 | 31.15 | 23.25 | 14.86 |
| Net Profit / Share (Rs.) | 7.79 | 16.18 | 23.86 | 17.23 | 14.68 |
| NP After MI And SOA / Share (Rs.) | 7.67 | 15.82 | 23.05 | 16.03 | 11.40 |
| PBDIT Margin (%) | 24.15 | 22.99 | 21.45 | 19.52 | 19.20 |
| PBIT Margin (%) | 19.41 | 18.74 | 16.77 | 13.50 | 11.00 |
| PBT Margin (%) | 17.16 | 17.07 | 15.36 | 11.40 | 6.65 |
| Net Profit Margin (%) | 13.17 | 13.10 | 11.76 | 8.45 | 6.57 |
| NP After MI And SOA Margin (%) | 12.96 | 12.81 | 11.36 | 7.86 | 5.10 |
| Return on Networth / Equity (%) | 15.62 | 29.64 | 29.34 | 17.01 | 9.33 |
| Return on Capital Employeed (%) | 20.86 | 27.26 | 28.88 | 18.15 | 11.78 |
| Return On Assets (%) | 11.21 | 13.53 | 12.88 | 7.24 | 3.88 |
| Long Term Debt / Equity (X) | 0.05 | 0.45 | 0.33 | 0.44 | 0.56 |
| Total Debt / Equity (X) | 0.14 | 0.74 | 0.72 | 0.59 | 0.76 |
| Asset Turnover Ratio (%) | 1.04 | 1.20 | 1.24 | 0.75 | 0.58 |
| Current Ratio (X) | 1.74 | 1.02 | 0.85 | 0.84 | 0.73 |
| Quick Ratio (X) | 1.12 | 0.50 | 0.35 | 0.36 | 0.35 |
| Inventory Turnover Ratio (X) | 3.36 | 3.39 | 3.73 | 3.09 | 2.73 |
| Dividend Payout Ratio (NP) (%) | 12.52 | 11.05 | 10.84 | 15.59 | 21.93 |
| Dividend Payout Ratio (CP) (%) | 9.17 | 8.30 | 7.67 | 8.83 | 8.41 |
| Earning Retention Ratio (%) | 87.48 | 88.95 | 89.16 | 84.41 | 78.07 |
| Cash Earning Retention Ratio (%) | 90.83 | 91.70 | 92.33 | 91.17 | 91.59 |
| Interest Coverage Ratio (X) | 10.73 | 13.76 | 15.19 | 9.33 | 4.41 |
| Interest Coverage Ratio (Post Tax) (X) | 6.85 | 8.84 | 9.33 | 5.04 | 2.51 |
| Enterprise Value (Cr.) | 215936.52 | 165536.99 | 89425.64 | 40612.53 | 28996.25 |
| EV / Net Operating Revenue (X) | 10.79 | 10.32 | 6.79 | 4.60 | 4.50 |
| EV / EBITDA (X) | 44.69 | 44.88 | 31.63 | 23.58 | 23.41 |
| MarketCap / Net Operating Revenue (X) | 10.79 | 10.01 | 6.52 | 4.35 | 4.10 |
| Retention Ratios (%) | 87.47 | 88.94 | 89.15 | 84.40 | 78.06 |
| Price / BV (X) | 13.00 | 23.16 | 16.84 | 9.41 | 7.50 |
| Price / Net Operating Revenue (X) | 10.79 | 10.01 | 6.52 | 4.35 | 4.10 |
| EarningsYield | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
After reviewing the key financial ratios for Varun Beverages Ltd, here is a detailed analysis based on the latest available data and recent trends:
- For FaceValue, as of Dec 24, the value is 2.00. This value is within the healthy range. It has decreased from 5.00 (Dec 23) to 2.00, marking a decrease of 3.00.
- For Basic EPS (Rs.), as of Dec 24, the value is 7.95. This value is within the healthy range. It has decreased from 15.83 (Dec 23) to 7.95, marking a decrease of 7.88.
- For Diluted EPS (Rs.), as of Dec 24, the value is 7.94. This value is within the healthy range. It has decreased from 15.82 (Dec 23) to 7.94, marking a decrease of 7.88.
- For Cash EPS (Rs.), as of Dec 24, the value is 10.60. This value is within the healthy range. It has decreased from 21.42 (Dec 23) to 10.60, marking a decrease of 10.82.
- For Book Value[Excl.RevalReserv]/Share (Rs.), as of Dec 24, the value is 49.12. It has decreased from 54.53 (Dec 23) to 49.12, marking a decrease of 5.41.
- For Book Value[Incl.RevalReserv]/Share (Rs.), as of Dec 24, the value is 49.12. It has decreased from 54.53 (Dec 23) to 49.12, marking a decrease of 5.41.
- For Revenue From Operations / Share (Rs.), as of Dec 24, the value is 59.17. It has decreased from 123.48 (Dec 23) to 59.17, marking a decrease of 64.31.
- For PBDIT / Share (Rs.), as of Dec 24, the value is 14.29. This value is within the healthy range. It has decreased from 28.39 (Dec 23) to 14.29, marking a decrease of 14.10.
- For PBIT / Share (Rs.), as of Dec 24, the value is 11.49. This value is within the healthy range. It has decreased from 23.15 (Dec 23) to 11.49, marking a decrease of 11.66.
- For PBT / Share (Rs.), as of Dec 24, the value is 10.16. This value is within the healthy range. It has decreased from 21.09 (Dec 23) to 10.16, marking a decrease of 10.93.
- For Net Profit / Share (Rs.), as of Dec 24, the value is 7.79. This value is within the healthy range. It has decreased from 16.18 (Dec 23) to 7.79, marking a decrease of 8.39.
- For NP After MI And SOA / Share (Rs.), as of Dec 24, the value is 7.67. This value is within the healthy range. It has decreased from 15.82 (Dec 23) to 7.67, marking a decrease of 8.15.
- For PBDIT Margin (%), as of Dec 24, the value is 24.15. This value is within the healthy range. It has increased from 22.99 (Dec 23) to 24.15, marking an increase of 1.16.
- For PBIT Margin (%), as of Dec 24, the value is 19.41. This value is within the healthy range. It has increased from 18.74 (Dec 23) to 19.41, marking an increase of 0.67.
- For PBT Margin (%), as of Dec 24, the value is 17.16. This value is within the healthy range. It has increased from 17.07 (Dec 23) to 17.16, marking an increase of 0.09.
- For Net Profit Margin (%), as of Dec 24, the value is 13.17. This value exceeds the healthy maximum of 10. It has increased from 13.10 (Dec 23) to 13.17, marking an increase of 0.07.
- For NP After MI And SOA Margin (%), as of Dec 24, the value is 12.96. This value is within the healthy range. It has increased from 12.81 (Dec 23) to 12.96, marking an increase of 0.15.
- For Return on Networth / Equity (%), as of Dec 24, the value is 15.62. This value is within the healthy range. It has decreased from 29.64 (Dec 23) to 15.62, marking a decrease of 14.02.
- For Return on Capital Employeed (%), as of Dec 24, the value is 20.86. This value is within the healthy range. It has decreased from 27.26 (Dec 23) to 20.86, marking a decrease of 6.40.
- For Return On Assets (%), as of Dec 24, the value is 11.21. This value is within the healthy range. It has decreased from 13.53 (Dec 23) to 11.21, marking a decrease of 2.32.
- For Long Term Debt / Equity (X), as of Dec 24, the value is 0.05. This value is below the healthy minimum of 0.2. It has decreased from 0.45 (Dec 23) to 0.05, marking a decrease of 0.40.
- For Total Debt / Equity (X), as of Dec 24, the value is 0.14. This value is within the healthy range. It has decreased from 0.74 (Dec 23) to 0.14, marking a decrease of 0.60.
- For Asset Turnover Ratio (%), as of Dec 24, the value is 1.04. It has decreased from 1.20 (Dec 23) to 1.04, marking a decrease of 0.16.
- For Current Ratio (X), as of Dec 24, the value is 1.74. This value is within the healthy range. It has increased from 1.02 (Dec 23) to 1.74, marking an increase of 0.72.
- For Quick Ratio (X), as of Dec 24, the value is 1.12. This value is within the healthy range. It has increased from 0.50 (Dec 23) to 1.12, marking an increase of 0.62.
- For Inventory Turnover Ratio (X), as of Dec 24, the value is 3.36. This value is below the healthy minimum of 4. It has decreased from 3.39 (Dec 23) to 3.36, marking a decrease of 0.03.
- For Dividend Payout Ratio (NP) (%), as of Dec 24, the value is 12.52. This value is below the healthy minimum of 20. It has increased from 11.05 (Dec 23) to 12.52, marking an increase of 1.47.
- For Dividend Payout Ratio (CP) (%), as of Dec 24, the value is 9.17. This value is below the healthy minimum of 20. It has increased from 8.30 (Dec 23) to 9.17, marking an increase of 0.87.
- For Earning Retention Ratio (%), as of Dec 24, the value is 87.48. This value exceeds the healthy maximum of 70. It has decreased from 88.95 (Dec 23) to 87.48, marking a decrease of 1.47.
- For Cash Earning Retention Ratio (%), as of Dec 24, the value is 90.83. This value exceeds the healthy maximum of 70. It has decreased from 91.70 (Dec 23) to 90.83, marking a decrease of 0.87.
- For Interest Coverage Ratio (X), as of Dec 24, the value is 10.73. This value is within the healthy range. It has decreased from 13.76 (Dec 23) to 10.73, marking a decrease of 3.03.
- For Interest Coverage Ratio (Post Tax) (X), as of Dec 24, the value is 6.85. This value is within the healthy range. It has decreased from 8.84 (Dec 23) to 6.85, marking a decrease of 1.99.
- For Enterprise Value (Cr.), as of Dec 24, the value is 215,936.52. It has increased from 165,536.99 (Dec 23) to 215,936.52, marking an increase of 50,399.53.
- For EV / Net Operating Revenue (X), as of Dec 24, the value is 10.79. This value exceeds the healthy maximum of 3. It has increased from 10.32 (Dec 23) to 10.79, marking an increase of 0.47.
- For EV / EBITDA (X), as of Dec 24, the value is 44.69. This value exceeds the healthy maximum of 15. It has decreased from 44.88 (Dec 23) to 44.69, marking a decrease of 0.19.
- For MarketCap / Net Operating Revenue (X), as of Dec 24, the value is 10.79. This value exceeds the healthy maximum of 3. It has increased from 10.01 (Dec 23) to 10.79, marking an increase of 0.78.
- For Retention Ratios (%), as of Dec 24, the value is 87.47. This value exceeds the healthy maximum of 70. It has decreased from 88.94 (Dec 23) to 87.47, marking a decrease of 1.47.
- For Price / BV (X), as of Dec 24, the value is 13.00. This value exceeds the healthy maximum of 3. It has decreased from 23.16 (Dec 23) to 13.00, marking a decrease of 10.16.
- For Price / Net Operating Revenue (X), as of Dec 24, the value is 10.79. This value exceeds the healthy maximum of 3. It has increased from 10.01 (Dec 23) to 10.79, marking an increase of 0.78.
- For EarningsYield, as of Dec 24, the value is 0.01. This value is below the healthy minimum of 5. There is no change compared to the previous period (Dec 23) which recorded 0.01.
Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.
Strength and Weakness
| Strength | Weakness |
|---|---|
|
|
Stock Analysis
- Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Varun Beverages Ltd:
- Net Profit Margin: 13.17%
- Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
- ROCE: 20.86% (Industry Average ROCE: 24.8%)
- ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
- ROE%: 15.62% (Industry Average ROE: 22.5%)
- ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
- Interest Coverage Ratio (Post Tax): 6.85
- Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
- Quick Ratio: 1.12
- Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
- Stock P/E: 56.3 (Industry average Stock P/E: 56.3)
- Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
- Total Debt / Equity: 0.14
- Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
Stock Rating: - Net Profit Margin: 13.17%
About the Company - Qualitative Analysis
| INDUSTRY | ADDRESS | CONTACT |
|---|---|---|
| Non-Alcoholic Beverages | F- 2/7, Okhla Industrial Area, New Delhi Delhi 110020 | Contact not found |
| Management | |
|---|---|
| Name | Position Held |
| Mr. Ravi Kant Jaipuria | Non Executive Chairman |
| Mr. Varun Jaipuria | Exe.Vice Chairman & Whole Time Director |
| Mr. Raj Pal Gandhi | Executive & Wholetime Director |
| Mr. Rajinder Jeet Singh Bagga | Executive & Wholetime Director |
| Ms. Sita Khosla | Ind. Non-Executive Director |
| Dr. Ravi Gupta | Ind. Non-Executive Director |
| Ms. Rashmi Dhariwal | Ind. Non-Executive Director |
| Mr. Abhiram Seth | Ind. Non-Executive Director |
| Mr. Anil Kumar Sondhi | Ind. Non-Executive Director |
| Dr. Naresh Trehan | Non Exe.Non Ind.Director |
FAQ
What is the intrinsic value of Varun Beverages Ltd?
Varun Beverages Ltd's intrinsic value (as of 02 January 2026) is ₹551.38 which is 11.62% higher the current market price of ₹494.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's ₹1,67,071 Cr. market cap, FY2025-2026 high/low of ₹655/419, reserves of ₹17,687 Cr, and liabilities of ₹24,716 Cr.
What is the Market Cap of Varun Beverages Ltd?
The Market Cap of Varun Beverages Ltd is 1,67,071 Cr..
What is the current Stock Price of Varun Beverages Ltd as on 02 January 2026?
The current stock price of Varun Beverages Ltd as on 02 January 2026 is ₹494.
What is the High / Low of Varun Beverages Ltd stocks in FY 2025-2026?
In FY 2025-2026, the High / Low of Varun Beverages Ltd stocks is ₹655/419.
What is the Stock P/E of Varun Beverages Ltd?
The Stock P/E of Varun Beverages Ltd is 56.3.
What is the Book Value of Varun Beverages Ltd?
The Book Value of Varun Beverages Ltd is 54.3.
What is the Dividend Yield of Varun Beverages Ltd?
The Dividend Yield of Varun Beverages Ltd is 0.20 %.
What is the ROCE of Varun Beverages Ltd?
The ROCE of Varun Beverages Ltd is 24.8 %.
What is the ROE of Varun Beverages Ltd?
The ROE of Varun Beverages Ltd is 22.5 %.
What is the Face Value of Varun Beverages Ltd?
The Face Value of Varun Beverages Ltd is 2.00.