Variman Global Enterprises Ltd
Variman Global Enterprises Ltd (VARIMAN) last reported results for the quarter ended Jun 2026, with sales of ₹25.53 crore and net profit of ₹1.07 crore. The stock last traded at ₹4.94, a market capitalisation of ₹96.4 crore, on a P/E of 39.7. Over the past 52 weeks the stock has ranged between ₹2.75 and ₹11.6. Figures are as of 6 Oct 2026 and are not real time.
Variman Global Enterprises Ltd share price and key metrics
- Current price
- ₹4.94
- Market cap
- ₹96.4 cr
- Stock P/E
- 39.7
- Book value
- ₹2.6
- ROE
- 6.86%
- ROCE
- 10.3%
- Dividend yield
- 0.00%
- 52w high / low
- 11.6/2.75
Metrics as of 6 Oct 2026. Not real time.
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Variman Global Enterprises Ltd growth and returns
- 10 Years
- %
- 5 Years
- 18%
- 3 Years
- 5%
- TTM
- 8%
- 10 Years
- %
- 5 Years
- 28%
- 3 Years
- 22%
- TTM
- -1%
- 10 Years
- %
- 5 Years
- 5%
- 3 Years
- -30%
- 1 Year
- -51%
- 10 Years
- %
- 5 Years
- 4%
- 3 Years
- 4%
- Last Year
- 7%
Variman Global Enterprises Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹25.53 cr, down 20.3% from ₹32.05 cr a year earlier. Net profit was ₹1.07 cr, down 45.7% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 32.1 | 31.46 | 21.49 | 32.05 | 22.39 | 33.92 | 44.34 | 25.53 |
| Expenses | 31.78 | 31.52 | 21.81 | 30.36 | 22.64 | 32.14 | 42.56 | 23.49 |
| Operating profit | 0.32 | -0.06 | -0.32 | 1.69 | -0.25 | 1.78 | 1.78 | 2.04 |
| OPM % | 1.00% | -0.19% | -1.49% | 5.27% | -1.12% | 5.25% | 4.01% | 7.99% |
| Other income | 1.01 | 2.58 | 1.27 | 1.66 | 1.36 | 1.13 | 0.11 | 0.53 |
| Interest | 0.77 | 1.52 | 1.18 | 0.83 | 0.76 | 1.14 | 1.29 | 0.96 |
| Depreciation | 0.19 | 0.19 | 0.22 | 0.15 | 0.15 | 0.16 | 0.16 | 0.16 |
| Profit before tax | 0.37 | 0.81 | -0.45 | 2.37 | 0.2 | 1.61 | 0.44 | 1.45 |
| Tax % | -5.41% | 20.99% | 15.56% | 17.30% | 60.00% | 22.36% | 90.91% | 26.21% |
| Net profit | 0.39 | 0.64 | -0.52 | 1.97 | 0.09 | 1.25 | 0.04 | 1.07 |
| EPS (₹) | 0.02 | 0.03 | -0.03 | 0.10 | 0.00 | 0.06 | 0.00 | 0.05 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Variman Global Enterprises Ltd annual results
| ₹ crore | 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 |
| Operating profit | -0 | 0 | 0 | 1 | -0 | 1 | 0 | -1 | 7 | 5 |
| OPM % | -13% | 0.4% | 0.5% | 2.0% | -0.0% | 0.7% | 0.3% | -0.8% | 5% | 4.2% |
| Net profit | 0 | 1 | 1 | 1 | 0 | 2 | 1 | 1 | 3 | 2 |
| EPS (₹) | 0.00 | 0.03 | 0.04 | 0.06 | 0.03 | 0.09 | 0.05 | 0.03 | 0.17 | 0.11 |
TTM is the trailing twelve months to the most recent quarter.
Variman Global Enterprises Ltd balance sheet
| ₹ crore | 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 |
As reported by the company. Total assets equal total liabilities by construction.
Variman Global Enterprises Ltd cash flow
| ₹ crore | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | 0 | -9 | 0 | 0 | -7 | -9 | -7 | -17 | -1 |
| Cash from investing | 0 | -10 | -3 | -2 | 1 | -2 | 3 | -1 | 0 |
| Cash from 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 / operating profit | 0% | -5,178% | 75% | 36% | 35,300% | -1,052% | -2,068% | 2,068% | 1% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Variman Global Enterprises Ltd operating ratios
| Per year | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|
| ROCE % | — | 16% | 7% | 9% | 7% | 10% | 8% | 7% | 10% |
| 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 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Variman Global Enterprises Ltd shareholding pattern
Promoters held 27.76% at Jun 2026, broadly unchanged since Jun 2025. FIIs 1.61%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 28.14% | 28.14% | 28.05% | 28.02% | 27.92% | 27.81% | 27.76% | 27.76% |
| FIIs | 1.55% | 1.55% | 2.13% | 1.66% | 1.61% | 1.61% | 1.61% | 1.61% |
| Government | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% | 1.28% |
| Public | 69.03% | 69.03% | 68.54% | 69.03% | 69.19% | 69.30% | 69.35% | 69.35% |
| No. of shareholders | 10,842 | 12,887 | 14,291 | 14,023 | 11,262 | 11,736 | 11,793 | 11,912 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Variman Global Enterprises Ltd corporate filings
- Compliance Certificate under Regulation 74(5) of SEBI(DP) Regulations, 2016Company Updatelow impact
- Variman Global Enterprises Limited holds its 32nd AGM on 29.09.2026 with no major financial disclosures or strategic announcementsAGM/EGMlow impact
Cruxal's analysis: Variman Global Enterprises Limited conducted its 32nd Annual General Meeting on…
Read the full analysis - Variman Global Enterprises Limited AGM Outcome: Multiple Resolutions Passed with High Shareholder Approval, Indicating Steady Governance and Strategic ContinuityAGM/EGMmedium impact
Cruxal's analysis: Variman Global Enterprises Limited held its 32nd AGM on 29.09.2026 via video conference…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
- Variman Global Enterprises Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Variman Global Enterprises Ltd has filed its Annual Report for the financial year 2025-26…
Read the full analysis - Variman Global Enterprises Limited Announces 32nd AGM and Major Preferential Issue of Equity Shares and Convertible WarrantsAGM/EGMhigh impact
Cruxal's analysis: Variman Global Enterprises Limited has scheduled its 32nd Annual General Meeting for…
Read the full analysis - Variman Global Enterprises Ltd issues general corporate updateCompany Updatelow impact
Cruxal's analysis: Variman Global Enterprises Ltd has released a general update filing. The disclosure…
Read the full analysis - Variman Global Enterprises Announces Massive Equity Dilution via Preferential Allotment and Acquisition of Non-Operating Investment Holding CompanyBoard Meetinghigh impact
Cruxal's analysis: Variman Global Enterprises Limited has approved a significant capital restructuring…
Read the full analysis - Variman Global Enterprises Limited Announces Board Meeting to Consider Preferential Fund Raising and Strategic AcquisitionsBoard Meetinghigh impact
Cruxal's analysis: Variman Global Enterprises Limited has scheduled a board meeting for August 29, 2026, to…
Read the full analysis - Variman Global Enterprises reports Q1 FY27 results, announces 50 lakh ESOP grant and key leadership re-appointmentsCompany Updatemedium impact
Cruxal's analysis: Variman Global Enterprises Limited reported standalone revenue of 18.06 crore and a net…
Read the full analysis - Variman Global Enterprises Reports Q1 FY2027 Financials and Announces 50 Lakh Employee Stock Option GrantResultmedium impact
Cruxal's analysis: Variman Global Enterprises Limited reported standalone revenue from operations of 18.09…
Read the full analysis - Variman Global Enterprises Board to Meet on August 12, 2026, to Approve Q1 FY27 Financial ResultsBoard Meetingmedium impact
Cruxal's analysis: Variman Global Enterprises Limited has announced that its Board of Directors will convene…
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