Varun Beverages, 540180, VBL Share Price, Rating, Research, Analysis, Fundamental & Historical Data

Stock Summary

Market Cap(Crs)
Stock P:E
Face Value

1,61,495.97
62.24
2

Enterprise Value(Crs)
Dividend Yield
Price:Book Value

1,61,410.18
0.10%
9.72

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

10 Years
5 Years
3 Years

20.42
17.61
22.05

EBITDA CAGR (%)

10 Years
5 Years
3 Years

25.12
19.96
16.72

PAT CAGR (%)

10 Years
5 Years
3 Years

47.92
34.64
43.62

P:E (Median)

8 Years
5 Years
3 Years

60.37
65.82
64.15

P:BV (Average)

8 Years
5 Years
3 Years

11.11
13.86
18.10

EV:EBITDA (Average)

8 Years
5 Years
3 Years

26.05
31.82
38.27

Earnings Forecasts:

Description 2024 2025 2026 2027
Adj EPS 6.33 10.15 12.54 15.19
P/E Ratio 96.81 60.39 48.86 40.36
Revenue 15622 24121 28152 30821
EBITDA 3609 5690 6721 7664
Net Income 2056 3300 4093 5095
ROA 15.3 25.1 27.7 28.3
P/Bk Ratio 28.7 16.04 12.72 9.76
ROE 34.15 30.24 29.47 28.63
FCFF 2551.57 3455.29
FCFF Yield 1.2 1.62

Quarterly Results

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var%
Net Sales 2,014.03 1,846.30 9.08% 3,086.84 2,892.38 6.72% 5,801.59 4,672.29 24.17% 3,446.15 3,221.85 6.96%
Expenses 1,690.90 1,552.08 8.94% 2,285.88 2,185.15 4.61% 4,063.00 3,364.43 20.76% 2,625.25 2,549.73 2.96%
EBITDA 323.13 294.22 9.83% 800.96 707.23 13.25% 1,738.59 1,307.86 32.93% 820.89 672.13 22.13%
EBIDTM 16.04% 15.94% 25.95% 24.45% 29.97% 27.99% 23.82% 20.86%
Other Income 153.90 51.08 201.29% 100.17 31.04 222.71% 67.25 45.52 47.74% 32.61 18.51 76.18%
Interest 63.89 66.55 -4.00% 98.64 55.69 77.12% 103.17 62.30 65.60% 83.96 56.55 48.47%
Depreciation 154.33 125.23 23.24% 157.31 127.98 22.92% 166.81 129.49 28.82% 139.46 135.62 2.83%
PBT 258.80 153.51 68.59% 645.19 554.61 16.33% 1,535.86 1,161.58 32.22% 630.09 498.46 26.41%
Tax 50.18 34.88 43.86% 152.85 139.00 9.96% 385.73 293.61 31.37% 160.82 125.54 28.10%
PAT 208.62 118.63 75.86% 492.34 415.61 18.46% 1,150.14 867.97 32.51% 469.27 372.92 25.84%
PATM 10.36% 6.43% 15.95% 14.37% 19.82% 18.58% 13.62% 11.57%
EPS 0.62 0.35 77.14% 1.46 1.23 18.70% 3.40 2.57 32.30% 1.39 1.10 26.36%

Description Dec 24 Dec 23 Var% Sep 24 Sep 23 Var% Jun 24 Jun 23 Var% Mar 24 Mar 23 Var%
Net Sales 3,817.62 2,730.98 39.79% 4,932.06 3,937.76 25.25% 7,333.67 5,699.73 28.67% 4,397.98 3,952.59 11.27%
Expenses 3,237.64 2,312.70 39.99% 3,780.94 3,055.62 23.74% 5,342.45 4,188.71 27.54% 3,409.22 3,154.55 8.07%
EBITDA 579.97 418.29 38.65% 1,151.12 882.14 30.49% 1,991.22 1,511.02 31.78% 988.76 798.04 23.90%
EBIDTM 15.19% 15.32% 23.34% 22.40% 27.15% 26.51% 22.48% 20.19%
Other Income 44.64 9.12 389.47% 24.25 18.51 31.01% 44.03 41.60 5.84% 8.35 10.14 -17.65%
Interest 109.00 73.66 47.98% 118.53 62.50 89.65% 129.16 69.37 86.19% 93.69 62.57 49.74%
Depreciation 260.78 165.97 57.12% 256.61 170.81 50.23% 242.48 171.93 41.03% 187.52 172.20 8.90%
PBT 254.82 187.77 35.71% 800.23 667.34 19.91% 1,663.61 1,311.33 26.86% 715.91 573.40 24.85%
Tax 58.49 44.22 32.27% 171.31 152.86 12.07% 401.24 305.67 31.27% 167.77 134.80 24.46%
PAT 196.33 143.55 36.77% 628.92 514.48 22.24% 1,262.37 1,005.66 25.53% 548.14 438.60 24.97%
PATM 5.14% 5.26% 12.75% 13.07% 17.21% 17.64% 12.46% 11.10%
EPS 0.55 0.41 34.15% 1.91 1.54 24.03% 3.86 3.06 26.14% 1.65 1.32 25.00%

Annual Results

Consolidated Figures in Rs. Crores /

Standalone

Description TTM Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15 Dec 14
Net Sales 14,348.61 12,632.83 10,595.83 6,595.74 4,876.45 5,615.66 3,862.28 3,062.59 2,979.60 2,864.01 2,018.81 Net Sales Growth 13.58% 19.22% 60.65% 35.26% -13.16% 45.40% 26.11% 2.79% 4.04% 41.87% Cost Of Goods Sold 6,603.99 5,990.40 5,277.14 3,129.17 2,215.67 2,611.94 1,774.41 1,404.31 1,365.87 1,487.59 1,170.10 Gross Profit 7,744.62 6,642.43 5,318.68 3,466.57 2,660.77 3,003.73 2,087.86 1,658.28 1,613.74 1,376.43 848.71 GP Margin 53.97% 52.58% 50.20% 52.56% 54.56% 53.49% 54.06% 54.15% 54.16% 48.06% 42.04% Total Expenditure 10,665.03 9,648.02 8,415.83 5,415.34 4,016.47 4,410.56 2,999.70 2,339.70 2,277.37 2,289.14 1,696.58 Power & Fuel Cost - 436.94 388.97 258.39 203.07 220.19 158.80 130.38 124.20 109.40 91.49 % Of Sales - 3.46% 3.67% 3.92% 4.16% 3.92% 4.11% 4.26% 4.17% 3.82% 4.53% Employee Cost - 1,036.80 920.47 741.12 695.06 630.81 411.47 319.13 280.06 245.75 147.25 % Of Sales - 8.21% 8.69% 11.24% 14.25% 11.23% 10.65% 10.42% 9.40% 8.58% 7.29% Manufacturing Exp. - 1,349.84 1,172.94 787.26 639.39 633.65 448.14 318.94 353.56 313.93 170.36 % Of Sales - 10.69% 11.07% 11.94% 13.11% 11.28% 11.60% 10.41% 11.87% 10.96% 8.44% General & Admin Exp. - 323.80 238.98 215.83 148.53 191.31 118.03 94.81 82.67 90.14 52.48 % Of Sales - 2.56% 2.26% 3.27% 3.05% 3.41% 3.06% 3.10% 2.77% 3.15% 2.60% Selling & Distn. Exp. - 376.33 328.15 228.65 85.13 103.07 61.31 39.08 47.69 29.37 55.50 % Of Sales - 2.98% 3.10% 3.47% 1.75% 1.84% 1.59% 1.28% 1.60% 1.03% 2.75% Miscellaneous Exp. - 133.92 89.17 54.92 29.61 19.60 27.53 33.04 23.31 12.96 55.50 % Of Sales - 1.06% 0.84% 0.83% 0.61% 0.35% 0.71% 1.08% 0.78% 0.45% 0.47% EBITDA 3,683.57 2,984.81 2,180.00 1,180.40 859.98 1,205.10 862.58 722.89 702.23 574.87 322.23 EBITDA Margin 25.67% 23.63% 20.57% 17.90% 17.64% 21.46% 22.33% 23.60% 23.57% 20.07% 15.96% Other Income 353.93 146.14 143.76 57.64 71.99 98.01 91.64 47.39 50.92 46.42 42.30 Interest 349.66 244.45 156.12 156.69 249.95 281.61 195.70 192.45 389.49 139.71 157.73 Depreciation 617.91 518.33 483.13 399.83 412.82 387.20 295.55 273.64 249.46 262.62 152.04 PBT 3,069.94 2,368.16 1,684.50 681.52 269.21 634.29 462.96 304.19 114.21 218.96 54.75 Tax 749.58 593.04 414.30 192.03 -23.75 185.74 130.60 68.59 24.71 67.31 19.35 Tax Rate 24.42% 25.04% 24.59% 28.18% -11.72% 29.28% 28.21% 22.55% 21.64% 30.74% 35.34% PAT 2,320.37 1,775.13 1,270.20 489.49 226.43 448.55 332.36 235.60 89.50 151.65 35.40 PAT before Minority Interest 2,320.37 1,775.13 1,270.20 489.49 226.43 448.55 332.36 235.60 89.50 151.65 35.40 Minority Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 PAT Margin 16.17% 14.05% 11.99% 7.42% 4.64% 7.99% 8.61% 7.69% 3.00% 5.30% 1.75% PAT Growth 30.72% 39.75% 159.49% 116.18% -49.52% 34.96% 41.07% 163.24% -40.98% 328.39% EPS 6.86 5.25 3.76 1.45 0.67 1.33 0.98 0.70 0.26 0.45 0.10

Description TTM Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15 Dec 14
Net Sales 20,481.33 16,042.58 13,173.14 8,823.23 6,450.14 7,129.58 5,105.26 4,003.54 3,861.18 3,394.15 2,502.41 Net Sales Growth 25.49% 21.78% 49.30% 36.79% -9.53% 39.65% 27.52% 3.69% 13.76% 35.64% Cost Of Goods Sold 8,904.73 7,404.89 6,261.15 4,034.66 2,763.94 3,219.43 2,244.10 1,810.06 1,737.88 1,716.48 1,376.11 Gross Profit 11,576.60 8,637.69 6,911.99 4,788.57 3,686.20 3,910.15 2,861.16 2,193.48 2,123.30 1,677.67 1,126.29 GP Margin 56.52% 53.84% 52.47% 54.27% 57.15% 54.84% 56.04% 54.79% 54.99% 49.43% 45.01% Total Expenditure 15,770.25 12,409.60 10,367.07 7,146.32 5,235.64 5,667.26 4,088.43 3,165.22 3,063.01 2,763.43 2,115.91 Power & Fuel Cost - 550.28 479.22 329.93 267.00 279.06 194.80 160.04 156.22 131.15 113.62 % Of Sales - 3.43% 3.64% 3.74% 4.14% 3.91% 3.82% 4.00% 4.05% 3.86% 4.54% Employee Cost - 1,446.59 1,216.64 1,007.70 889.74 810.82 582.95 462.84 421.03 323.75 216.80 % Of Sales - 9.02% 9.24% 11.42% 13.79% 11.37% 11.42% 11.56% 10.90% 9.54% 8.66% Manufacturing Exp. - 1,828.22 1,531.96 1,074.15 873.02 824.06 624.40 435.57 459.34 378.26 212.30 % Of Sales - 11.40% 11.63% 12.17% 13.53% 11.56% 12.23% 10.88% 11.90% 11.14% 8.48% General & Admin Exp. - 453.79 318.03 304.50 221.44 242.13 172.74 141.13 147.72 112.58 71.95 % Of Sales - 2.83% 2.41% 3.45% 3.43% 3.40% 3.38% 3.53% 3.83% 3.32% 2.88% Selling & Distn. Exp. - 509.55 418.00 316.32 157.36 167.51 153.64 115.28 111.36 75.01 114.15 % Of Sales - 3.18% 3.17% 3.59% 2.44% 2.35% 3.01% 2.88% 2.88% 2.21% 4.56% Miscellaneous Exp. - 216.28 142.06 79.06 63.14 124.26 115.80 40.30 29.45 26.20 114.15 % Of Sales - 1.35% 1.08% 0.90% 0.98% 1.74% 2.27% 1.01% 0.76% 0.77% 0.44% EBITDA 4,711.07 3,632.98 2,806.07 1,676.91 1,214.50 1,462.32 1,016.83 838.32 798.17 630.72 386.50 EBITDA Margin 23.00% 22.65% 21.30% 19.01% 18.83% 20.51% 19.92% 20.94% 20.67% 18.58% 15.45% Other Income 121.27 79.36 38.85 68.26 36.97 42.53 21.82 12.51 35.73 47.45 14.69 Interest 450.38 291.60 204.09 207.31 293.74 324.31 222.80 214.59 434.74 170.15 187.36 Depreciation 947.39 680.91 617.19 531.26 528.70 488.63 385.07 346.64 322.21 317.41 210.06 PBT 3,434.57 2,739.84 2,023.64 1,006.61 429.03 691.91 430.78 289.60 76.96 190.61 3.77 Tax 798.81 637.55 473.52 260.56 5.23 224.07 133.94 76.89 31.30 78.86 24.81 Tax Rate 23.26% 23.27% 23.40% 25.88% 1.44% 32.38% 31.09% 26.55% 40.67% 41.37% 658.09% PAT 2,635.76 2,055.92 1,497.43 694.05 328.99 464.61 289.82 208.81 40.00 111.75 -21.04 PAT before Minority Interest 2,596.11 2,101.81 1,550.11 746.05 357.27 467.84 296.84 212.71 45.66 111.75 -21.04 Minority Interest -39.65 -45.89 -52.68 -52.00 -28.28 -3.23 -7.02 -3.90 -5.66 0.00 0.00 PAT Margin 12.87% 12.82% 11.37% 7.87% 5.10% 6.52% 5.68% 5.22% 1.04% 3.29% -0.84% PAT Growth 25.38% 37.30% 115.75% 110.96% -29.19% 60.31% 38.80% 422.02% -64.21% - EPS 7.79 6.08 4.43 2.05 0.97 1.37 0.86 0.62 0.12 0.33 -0.06

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15 Dec 14
Shareholder's Funds 7,075.80 5,517.40 4,398.62 4,011.77 3,867.12 2,588.94 2,296.80 2,136.74 860.42 453.68 Share Capital 649.61 649.55 433.03 288.69 288.69 182.64 182.59 182.31 583.77 333.77 Total Reserves 6,417.35 4,864.94 3,965.59 3,723.08 3,578.43 2,406.26 2,114.11 1,954.42 276.65 119.92 Non-Current Liabilities 3,640.71 2,283.24 2,219.51 2,377.19 2,729.33 2,140.62 1,831.76 1,309.76 2,314.87 1,593.21 Secured Loans 3,010.55 1,653.26 1,712.44 1,954.35 2,291.71 1,835.91 1,559.51 1,063.87 683.15 1,391.53 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 0.00 46.65 59.26 819.91 100.00 Long Term Provisions 205.63 197.66 199.46 193.16 160.67 97.65 65.85 53.95 38.42 20.78 Current Liabilities 3,292.94 3,268.31 2,447.49 1,933.05 1,847.27 1,400.69 1,204.11 1,180.54 966.23 823.63 Trade Payables 491.86 575.79 463.46 272.07 317.88 178.32 83.83 144.41 99.29 93.10 Other Current Liabilities 1,910.44 2,079.47 1,366.75 967.73 1,007.89 816.71 872.91 839.08 762.21 389.70 Short Term Borrowings 775.50 517.29 560.52 635.54 411.04 318.88 192.59 148.25 68.10 326.07 Short Term Provisions 115.14 95.75 56.75 57.72 110.46 86.78 54.78 48.79 36.63 14.76 Total Liabilities 14,009.45 11,068.95 9,065.62 8,322.01 8,443.72 6,130.25 5,332.67 4,627.04 4,141.52 2,870.52 Net Block 6,938.21 5,751.87 5,011.61 5,263.41 5,401.75 3,321.82 3,278.00 2,991.53 2,916.19 1,734.10 Gross Block 10,138.82 8,559.89 7,410.59 7,308.34 7,175.72 4,743.23 4,554.31 4,087.15 3,813.32 2,378.73 Accumulated Depreciation 3,200.61 2,760.96 2,398.98 2,044.93 1,773.96 1,421.41 1,276.30 1,095.62 897.14 644.63 Non Current Assets 11,074.33 8,617.05 7,297.40 7,030.10 7,064.97 5,184.64 4,567.08 4,043.46 3,586.66 2,200.39 Capital Work in Progress 1,576.00 539.95 477.95 39.01 58.58 339.23 11.97 68.94 32.03 16.87 Non Current Investment 1,449.95 1,354.32 1,352.24 1,352.16 907.78 774.50 627.19 500.53 303.92 220.59 Long Term Loans & Adv. 1,102.28 967.30 451.72 371.98 692.21 745.19 646.15 479.48 329.52 222.07 Other Non Current Assets 7.89 3.62 3.87 3.54 4.65 3.90 3.77 2.98 5.01 6.77 Current Assets 2,935.13 2,451.90 1,768.22 1,291.91 1,378.75 945.61 765.59 583.58 554.86 670.13 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 301.98 Inventories 1,535.87 1,426.15 1,066.27 679.06 672.98 418.32 315.67 359.97 350.79 213.87 Sundry Debtors 212.94 150.24 132.07 170.53 130.53 134.47 94.69 47.14 50.05 34.75 Cash & Bank 52.31 47.49 24.23 36.48 32.42 1.84 31.27 14.94 19.58 3.29 Other Current Assets 1,134.00 479.73 292.55 225.66 542.82 390.98 323.95 161.52 134.43 116.24 Short Term Loans & Adv. 365.75 348.29 253.09 180.18 250.71 205.81 135.89 123.96 91.17 77.31 Net Current Assets -357.81 -816.41 -679.26 -641.14 -468.52 -455.07 -438.52 -596.96 -411.38 -153.50 Total Assets 14,009.46 11,068.95 9,065.62 8,322.01 8,443.72 6,130.25 5,332.67 4,627.04 4,141.52 2,870.52

Description Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15
Shareholder's Funds 6,936.50 5,102.38 4,079.91 3,524.00 3,328.42 1,998.50 1,769.43 1,693.60 674.28 Share Capital 649.61 649.55 433.03 288.69 288.69 182.64 182.59 182.31 583.77 Total Reserves 6,278.04 4,449.92 3,646.88 3,235.31 3,039.73 1,815.82 1,586.60 1,511.28 90.51 Non-Current Liabilities 3,949.32 2,434.00 2,362.54 2,423.63 2,796.19 2,250.86 1,918.76 1,416.20 2,403.00 Secured Loans 3,188.94 1,727.02 1,813.33 1,979.62 2,355.38 1,973.66 1,632.52 1,143.38 759.61 Unsecured Loans 0.00 0.00 0.00 0.00 0.00 6.41 58.85 74.98 819.91 Long Term Provisions 212.64 204.11 208.54 203.91 170.34 105.25 73.26 60.59 44.31 Current Liabilities 4,153.21 3,968.75 3,020.25 2,434.95 2,220.29 1,740.87 1,588.85 1,727.53 1,353.96 Trade Payables 758.25 824.26 711.75 511.38 477.66 316.80 190.95 274.59 184.56 Other Current Liabilities 2,270.21 2,412.04 1,616.32 1,172.64 1,230.30 997.90 1,020.95 1,019.30 879.79 Short Term Borrowings 1,003.21 627.70 628.49 713.86 467.15 377.65 353.37 411.13 252.41 Short Term Provisions 121.55 104.76 63.68 37.06 45.18 48.52 23.59 22.51 37.21 Total Liabilities 15,187.19 11,618.24 9,579.49 8,447.37 8,375.58 5,998.00 5,275.61 4,824.42 4,431.24 Net Block 8,409.17 6,932.22 6,310.77 6,408.62 6,479.04 4,386.97 3,980.52 3,715.49 3,495.57 Gross Block 12,445.09 10,441.42 9,409.89 9,032.83 8,744.53 6,171.64 5,634.54 5,158.93 4,632.47 Accumulated Depreciation 4,035.92 3,462.14 3,099.11 2,624.22 2,265.49 1,784.67 1,654.02 1,443.43 1,136.90 Non Current Assets 10,951.55 8,214.21 7,033.37 6,647.69 6,703.70 4,857.26 4,306.98 3,971.86 3,701.04 Capital Work in Progress 1,922.22 606.63 496.61 66.81 63.82 352.36 145.44 95.58 37.91 Non Current Investment 21.08 0.01 0.00 0.00 0.00 11.24 8.23 6.87 3.27 Long Term Loans & Adv. 591.16 671.74 222.11 168.72 156.13 102.78 169.03 150.93 159.28 Other Non Current Assets 7.92 3.62 3.87 3.54 4.71 3.90 3.77 2.98 5.01 Current Assets 4,235.63 3,404.03 2,546.11 1,799.68 1,671.88 1,140.75 968.62 852.56 730.20 Current Investments 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Inventories 2,150.53 1,993.88 1,448.09 928.80 881.51 578.40 438.89 489.93 424.66 Sundry Debtors 359.38 299.34 221.25 241.80 172.56 128.03 150.25 131.34 97.91 Cash & Bank 459.86 285.27 336.62 190.05 171.08 93.48 94.46 65.70 58.07 Other Current Assets 1,265.85 401.53 251.27 192.65 446.74 340.85 285.02 165.59 149.56 Short Term Loans & Adv. 525.96 424.01 288.89 246.38 212.85 191.58 146.30 141.13 109.34 Net Current Assets 82.42 -564.72 -474.13 -635.27 -548.41 -600.12 -620.23 -874.97 -623.76 Total Assets 15,187.18 11,618.24 9,579.48 8,447.37 8,375.58 5,998.01 5,275.60 4,824.42 4,431.24

Cash Flow

Consolidated Figures in Rs. Crores /

Standalone

Description Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15 Dec 14
Cash From Operating Activity 1,952.88 1,558.79 867.86 719.67 1,066.91 742.05 499.56 751.65 510.23 378.49 PBT 2,368.16 1,684.50 681.52 202.68 634.29 462.96 304.19 114.21 218.96 54.75 Adjustment 706.79 574.52 525.17 666.59 579.90 431.88 442.75 613.20 372.15 293.87 Changes in Working Capital -491.26 -367.39 -240.31 -101.98 -37.14 -93.87 -198.67 75.25 -44.27 34.03 Cash after chg. in Working capital 2,583.70 1,891.63 966.39 767.29 1,177.05 800.97 548.28 802.65 546.83 382.65 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -630.82 -332.85 -98.52 -47.62 -110.14 -58.93 -48.72 -51.00 -36.60 -4.16 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -2,769.57 -1,509.31 -725.33 -227.97 -2,229.34 -704.45 -809.45 -1,108.50 -360.20 -500.42 Net Fixed Assets -2,614.98 -1,211.30 -541.19 -113.05 -2,151.84 -516.18 -410.19 -310.74 -1,449.75 -665.16 Net Investments -95.63 -2.08 -0.08 -444.38 -133.28 -147.31 -126.66 -196.61 218.65 -354.12 Others -58.96 -295.93 -184.06 329.46 55.78 -40.96 -272.60 -601.15 870.90 518.86 Cash from Financing Activity 818.78 -26.23 -154.79 -487.65 1,193.01 -67.08 326.29 352.78 -134.34 116.22 Net Cash Inflow / Outflow 2.09 23.24 -12.26 4.05 30.58 -29.49 16.40 -4.06 15.68 -5.71 Opening Cash & Equivalents 47.39 24.15 36.40 32.35 1.77 31.26 14.87 18.93 3.24 8.95 Closing Cash & Equivalent 49.48 47.39 24.15 36.40 32.35 1.77 31.26 14.87 18.93 3.24

Description Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15
Cash From Operating Activity 2,390.78 1,790.03 1,231.42 1,011.99 1,307.60 999.78 619.76 825.78 554.79 PBT 2,739.84 2,023.64 1,006.61 362.50 691.91 430.78 289.60 76.96 190.61 Adjustment 992.36 724.91 617.79 837.85 820.92 692.34 583.81 743.24 454.35 Changes in Working Capital -673.48 -585.19 -268.75 -110.84 -85.12 -50.05 -196.54 63.65 -41.86 Cash after chg. in Working capital 3,058.72 2,163.36 1,355.65 1,089.51 1,427.71 1,073.07 676.87 883.84 603.10 Interest Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Tax Paid -667.94 -373.33 -124.23 -77.52 -120.11 -73.29 -57.11 -58.06 -48.30 Other Direct Exp. Paid 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Extra & Other Items 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Cash From Investing Activity -3,289.87 -1,704.60 -1,010.64 -471.10 -2,319.25 -873.42 -745.27 -1,047.80 -299.67 Net Fixed Assets -2,614.98 -1,211.30 -541.19 -113.05 -2,151.84 -516.18 -410.19 -310.74 Net Investments -95.63 -2.08 -0.08 -444.38 -133.28 -147.31 -126.66 -196.61 Others -579.26 -491.22 -469.37 86.33 -34.13 -209.93 -208.42 -540.45 Cash from Financing Activity 984.90 -17.94 -177.68 -573.72 1,107.34 -84.39 158.63 230.23 -236.00 Net Cash Inflow / Outflow 85.81 67.49 43.10 -32.83 95.69 41.97 33.13 8.21 19.12 Opening Cash & Equivalents 154.33 150.75 104.56 137.97 42.94 64.95 32.50 24.29 5.17 Closing Cash & Equivalent 242.21 154.33 150.75 104.56 137.97 42.94 64.95 32.50 24.29

Financial Ratios

Consolidated /

Standalone

Description Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15 Dec 14
Book Value (Rs.) 21.76 42.45 67.72 92.64 133.95 94.50 83.86 78.13 20.45 12.66 ROA 14.16% 12.62% 5.64% 2.70% 6.16% 5.80% 4.73% 2.04% 4.32% 1.32% ROE 28.22% 25.63% 11.64% 5.75% 13.90% 13.61% 10.63% 7.03% 45.65% 15.06% ROCE 25.09% 22.23% 11.45% 6.41% 15.08% 13.92% 12.45% 16.22% 14.07% 9.10% Fixed Asset Turnover 1.37 1.36 0.93 0.81 1.15 0.83 0.91 1.06 1.07 1.11 Receivable days 5.19 4.74 8.10 9.41 7.04 10.83 6.61 4.25 4.66 5.96 Inventory Days 42.33 41.87 46.73 42.24 28.97 34.68 31.46 31.10 31.05 31.65 Payable days 32.53 35.94 42.90 25.27 19.16 14.86 16.30 18.23 14.18 17.40 Cash Conversion Cycle 14.99 10.68 11.93 26.38 16.85 30.65 21.77 17.12 21.54 20.20 Total Debt/Equity 0.67 0.63 0.72 0.76 0.83 0.96 0.91 0.68 2.04 4.47 Interest Cover 10.69 11.79 5.35 1.81 3.25 3.37 2.58 1.29 2.57 1.35

Description Dec 23 Dec 22 Dec 21 Dec 20 Dec 19 Dec 18 Dec 17 Dec 16 Dec 15 Dec 14
Book Value (Rs.) 21.33 39.25 62.81 81.38 115.29 72.95 64.60 61.93 11.18 7.13 ROA 15.68% 14.63% 8.28% 4.25% 6.51% 5.27% 4.21% 0.99% 2.89% -0.67% ROE 34.95% 33.77% 19.62% 10.43% 17.57% 15.76% 12.29% 4.76% 60.84% -13.21% ROCE 28.97% 27.47% 17.13% 9.73% 17.59% 14.16% 12.10% 15.36% 13.09% 7.21% Fixed Asset Turnover 1.46 1.39 1.01 0.86 1.16 0.89 0.84 0.93 0.99 0.89 Receivable days 7.22 6.90 9.08 9.87 6.36 9.71 11.38 9.23 9.12 10.55 Inventory Days 45.42 45.61 46.59 43.13 30.87 35.51 37.53 36.83 33.36 34.78 Payable days 39.00 44.77 55.33 32.77 24.40 21.80 24.92 25.83 22.46 25.97 Cash Conversion Cycle 13.63 7.74 0.34 20.23 12.83 23.43 23.99 20.23 20.02 19.36 Total Debt/Equity 0.75 0.72 0.82 0.91 1.03 1.41 1.50 1.31 3.08 7.04 Interest Cover 10.39 10.92 5.86 2.23 3.13 2.93 2.35 1.18 2.12 1.02

Top Investors:

government pension fund global

government of singapore

new world fund inc

Annual Reports:

News Update:

Varun Beverages reports 36% jump in consolidated net profit in December quarter
10th Feb 2025, 16:53 PM

Total consolidated income of the company increased by 40.95% at Rs 3862.25 crore for quarter ended December 31, 2024
Read More
Varun Beverages - Quarterly Results
10th Feb 2025, 11:55 AM

Read More
Varun Beverages to invest Rs 412 crore in Bevco
3rd Jan 2025, 11:30 AM

Bevco also has franchise rights from PepsiCo in South Africa, Lesotho and Eswatini
Read More
Varun Beverages acquires 39.93% stake of Lunarmech
17th Dec 2024, 10:50 AM

Lunarmech has become wholly-owned subsidiary of the Company with effect from December 16, 2024
Read More

Varun Beverages Ltd.

Consumer Food

BSE: 540180 | NSE: VBL

Stock Summary

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update:

Varun Beverages Ltd.

Consumer Food

BSE: 540180 | NSE: VBL

Stock Summary

Shareholding Pattern

Chart

Price | P:E | P:BV | EV:EBITDA | MCap:Sales | EPS

Revenue CAGR (%)

EBITDA CAGR (%)

PAT CAGR (%)

P:E (Median)

P:BV (Average)

EV:EBITDA (Average)

Earnings Forecasts:

Quarterly Results

Consolidated Figures in Rs. Crores /

Annual Results

Consolidated Figures in Rs. Crores /

Results Balance Sheet

Consolidated Figures in Rs. Crores /

Cash Flow

Consolidated Figures in Rs. Crores /

Financial Ratios

Consolidated /

Top Investors:

Annual Reports:

News Update: