Share Price and Basic Stock Data
Last Updated: November 22, 2025, 7:51 am
| PEG Ratio | 1.56 |
|---|
Analyst Insight & Comprehensive Analysis
AI Stock Ranker – Real-Time Fundamental Strength Score
Business Overview and Revenue Trends
Varun Beverages Ltd, a key player in the non-alcoholic beverages industry, reported a market capitalization of ₹1,52,629 Cr and a share price of ₹451. The company’s revenue from operations has shown a robust growth trajectory, rising from ₹13,173 Cr in December 2022 to ₹16,043 Cr in December 2023, and further to ₹20,008 Cr projected for December 2024. The trailing twelve months (TTM) revenue stood at ₹21,170 Cr, demonstrating a consistent upward trend. Quarterly sales also reflected this growth, with a notable spike to ₹7,197 Cr in June 2024 from ₹5,611 Cr in June 2023. Despite seasonal fluctuations, the overall sales trend indicates strong demand for Varun’s product offerings, which include popular brands like Pepsi and Mountain Dew. This growth is bolstered by a strategic focus on expanding distribution channels and enhancing product visibility in the market, positioning Varun favorably against its competitors in the beverage sector.
Profitability and Efficiency Metrics
Varun Beverages reported a net profit of ₹2,998 Cr, reflecting a healthy profit margin of 13.17% as of December 2024. The operating profit margin (OPM) stood at 24%, indicative of efficient cost management and pricing strategies. The company’s return on equity (ROE) of 22.5% and return on capital employed (ROCE) of 24.8% further underscore its ability to utilize shareholder funds effectively to generate earnings. However, the company faces challenges with a cash conversion cycle (CCC) of 66 days, which, while manageable, suggests room for improvement in inventory management and receivables collection. Interest coverage ratio (ICR) at 10.73x indicates a strong capacity to meet interest obligations, showcasing financial stability. Overall, Varun’s profitability metrics exhibit resilience, driven by operational efficiencies and strategic pricing.
Balance Sheet Strength and Financial Ratios
Varun Beverages maintains a solid balance sheet, with total assets amounting to ₹24,716 Cr as of June 2025. The company reported reserves of ₹17,687 Cr, reflecting a substantial buffer for future growth initiatives and strategic investments. Borrowings stood at ₹2,138 Cr, suggesting a conservative approach to leveraging, with a long-term debt to equity ratio of 0.05, indicating low financial risk. The price to book value (P/BV) ratio at 13.00x is elevated compared to typical sector ranges, signifying strong investor confidence but also raising questions about valuation sustainability. Furthermore, the current ratio of 1.74x indicates adequate liquidity to cover short-term obligations. These financial ratios highlight Varun’s robust financial health, enabling it to navigate market fluctuations effectively while pursuing growth opportunities.
Shareholding Pattern and Investor Confidence
The shareholding pattern of Varun Beverages indicates a strong promoter presence, holding 59.44% of the equity, which instills confidence in the company’s governance and strategic direction. Foreign institutional investors (FIIs) accounted for 21.93%, reflecting a healthy level of foreign investment interest, while domestic institutional investors (DIIs) held 11.78%. The increase in public shareholding from 6.20% in December 2022 to 6.84% in December 2024 indicates growing retail investor confidence. The overall shareholder base expanded to 9,02,881 as of June 2025, suggesting increasing market participation. However, the gradual decrease in promoter shareholding over recent quarters may raise concerns about dilution of control, which could impact strategic decision-making. Investor sentiment appears positive, supported by strong financial performance and growth prospects.
Outlook, Risks, and Final Insight
Looking ahead, Varun Beverages is well-positioned to capitalize on the growing demand for non-alcoholic beverages, supported by its robust operational framework and strategic initiatives. However, it faces risks related to fluctuating raw material prices, which could impact margins, and potential disruptions in supply chains. Additionally, increasing competition in the beverage sector may exert pressure on market share and pricing strategies. To sustain growth, Varun must continually innovate and enhance product offerings while maintaining operational efficiencies. In a favorable scenario, the company could leverage its strong brand equity and distribution network to expand into new markets. Conversely, adverse economic conditions or regulatory changes could pose challenges to its growth trajectory. Overall, Varun Beverages presents a compelling investment opportunity, contingent upon effective risk management and strategic execution.
Source: Getaka Fundamental Analysis | Generated using proprietary financial data.
Competitors of Varun Beverages Ltd
| Stock Name ⇩ | Market Cap ⇩ | Current Price ⇩ | High / Low ⇩ | Stock P/E ⇩ | Book Value ⇩ | Dividend Yield ⇩ | ROCE ⇩ | ROE ⇩ | Face Value ⇩ |
|---|---|---|---|---|---|---|---|---|---|
| Varun Beverages Ltd | 1,51,445 Cr. | 448 | 664/419 | 51.0 | 54.3 | 0.22 % | 24.8 % | 22.5 % | 2.00 |
| Industry Average | 151,445.00 Cr | 448.00 | 51.00 | 54.30 | 0.22% | 24.80% | 22.50% | 2.00 |
Quarterly Result
| Metric | Jun 2022 | Sep 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 4,955 | 3,177 | 2,214 | 3,893 | 5,611 | 3,871 | 2,668 | 4,317 | 7,197 | 4,805 | 3,689 | 5,567 | 7,017 |
| Expenses | 3,704 | 2,478 | 1,907 | 3,095 | 4,101 | 2,989 | 2,249 | 3,329 | 5,206 | 3,654 | 3,110 | 4,304 | 5,020 |
| Operating Profit | 1,251 | 699 | 307 | 798 | 1,511 | 882 | 418 | 989 | 1,991 | 1,151 | 579 | 1,263 | 1,998 |
| OPM % | 25% | 22% | 14% | 20% | 27% | 23% | 16% | 23% | 28% | 24% | 16% | 23% | 28% |
| Other Income | 10 | 11 | 9 | 10 | 42 | 19 | 9 | 8 | 44 | 24 | 45 | 28 | 77 |
| Interest | 46 | 45 | 47 | 63 | 69 | 62 | 74 | 94 | 129 | 119 | 109 | 41 | 37 |
| Depreciation | 153 | 153 | 180 | 172 | 172 | 171 | 166 | 188 | 242 | 257 | 261 | 273 | 306 |
| Profit before tax | 1,062 | 511 | 90 | 573 | 1,311 | 667 | 188 | 716 | 1,663 | 800 | 254 | 978 | 1,732 |
| Tax % | 24% | 23% | 9% | 24% | 23% | 23% | 24% | 23% | 24% | 21% | 23% | 25% | 23% |
| Net Profit | 802 | 395 | 82 | 439 | 1,005 | 514 | 144 | 548 | 1,262 | 629 | 196 | 731 | 1,325 |
| EPS in Rs | 2.42 | 1.17 | 0.23 | 1.32 | 3.06 | 1.54 | 0.41 | 1.65 | 3.86 | 1.91 | 0.55 | 2.15 | 3.89 |
Last Updated: August 2, 2025, 1:05 am
Below is a detailed analysis of the quarterly data for Varun Beverages Ltd based on the most recent figures (Jun 2025) and their trends compared to the previous period:
- For Sales, as of Jun 2025, the value is 7,017.00 Cr.. The value appears strong and on an upward trend. It has increased from 5,567.00 Cr. (Mar 2025) to 7,017.00 Cr., marking an increase of 1,450.00 Cr..
- For Expenses, as of Jun 2025, the value is 5,020.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 4,304.00 Cr. (Mar 2025) to 5,020.00 Cr., marking an increase of 716.00 Cr..
- For Operating Profit, as of Jun 2025, the value is 1,998.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,263.00 Cr. (Mar 2025) to 1,998.00 Cr., marking an increase of 735.00 Cr..
- For OPM %, as of Jun 2025, the value is 28.00%. The value appears strong and on an upward trend. It has increased from 23.00% (Mar 2025) to 28.00%, marking an increase of 5.00%.
- For Other Income, as of Jun 2025, the value is 77.00 Cr.. The value appears strong and on an upward trend. It has increased from 28.00 Cr. (Mar 2025) to 77.00 Cr., marking an increase of 49.00 Cr..
- For Interest, as of Jun 2025, the value is 37.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 41.00 Cr. (Mar 2025) to 37.00 Cr., marking a decrease of 4.00 Cr..
- For Depreciation, as of Jun 2025, the value is 306.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 273.00 Cr. (Mar 2025) to 306.00 Cr., marking an increase of 33.00 Cr..
- For Profit before tax, as of Jun 2025, the value is 1,732.00 Cr.. The value appears strong and on an upward trend. It has increased from 978.00 Cr. (Mar 2025) to 1,732.00 Cr., marking an increase of 754.00 Cr..
- For Tax %, as of Jun 2025, the value is 23.00%. The value appears to be improving (decreasing) as expected. It has decreased from 25.00% (Mar 2025) to 23.00%, marking a decrease of 2.00%.
- For Net Profit, as of Jun 2025, the value is 1,325.00 Cr.. The value appears strong and on an upward trend. It has increased from 731.00 Cr. (Mar 2025) to 1,325.00 Cr., marking an increase of 594.00 Cr..
- For EPS in Rs, as of Jun 2025, the value is 3.89. The value appears strong and on an upward trend. It has increased from 2.15 (Mar 2025) to 3.89, marking an increase of 1.74.
Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.
Profit & Loss - Annual Report
Last Updated: November 15, 2025, 5:52 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 |
|---|---|---|---|---|---|---|
| Nippon India Growth Fund | 3,800,000 | 2.01 | 619.21 | 3,800,000 | 2025-04-22 17:25:44 | 0% |
| Tata Large & Mid Cap Fund - Regular Plan | 2,714,500 | 5.55 | 442.33 | 2,714,500 | 2025-04-22 17:25:44 | 0% |
| Tata Large & Mid Cap Fund - Regular Plan | 2,714,500 | 5.55 | 442.33 | 2,714,500 | 2025-04-22 17:25:44 | 0% |
| Axis Flexi Cap Fund | 1,576,020 | 2.02 | 256.81 | 1,576,020 | 2025-04-22 17:25:44 | 0% |
| PGIM India Flexi Cap Fund | 1,409,079 | 3.64 | 229.61 | 1,409,079 | 2025-04-22 17:25:44 | 0% |
| Nippon India Flexi Cap Fund | 1,223,474 | 2.56 | 199.37 | 1,223,474 | 2025-04-22 17:25:44 | 0% |
| PGIM India Midcap Opportunities Fund | 1,098,228 | 1.62 | 178.96 | 1,098,228 | 2025-04-22 17:25:44 | 0% |
| HSBC Value Fund | 891,700 | 1.09 | 145.3 | 891,700 | 2025-04-22 17:25:44 | 0% |
| Invesco India Focused Fund | 861,019 | 4.97 | 140.3 | 861,019 | 2025-04-22 17:25:44 | 0% |
| Axis ELSS Tax Saver Fund | 708,391 | 0.31 | 115.43 | 708,391 | 2025-04-22 17:25:44 | 0% |
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 |
|---|---|
|
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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: 51 (Industry average Stock P/E: 51)
- 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 | complianceofficer@rjcorp.in http://www.varunbeverages.com |
| 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 23 November 2025) is 499.57 which is 11.51% higher the current market price of 448.00, indicating undervalued. Calculated using the PE ratio method, this valuation considers the company's 1,51,445 Cr. market cap, FY2025-2026 high/low of 664/419, 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 1,51,445 Cr..
What is the current Stock Price of Varun Beverages Ltd as on 23 November 2025?
The current stock price of Varun Beverages Ltd as on 23 November 2025 is 448.
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 664/419.
What is the Stock P/E of Varun Beverages Ltd?
The Stock P/E of Varun Beverages Ltd is 51.0.
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 0.22 %.
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.