Variman Global Enterprises LIM

BSE: VARIMAN · Trading & Distributors · sector

₹3.81BSE close 2026-10-26

Key numbers

Market cap₹74 cr

Price₹3.81

52w high / low₹11 / ₹3

P/E17.3xSector median 13.7x

P/B1.5xSector median 1.0x

Book value₹2.6

Dividend yield–Sector median 0.89%

ROE9.1%Sector median 2.2%

ROCE13.1%Sector median 2.5%

OPM4.5%Sector median 1.1%

Debt / equity0.67xSector median 0.08x

EV/EBITDA15.3xSector median 20.9x

Interest cover2.2x

Current ratio2.35x

Sales growth 3y+37.9%Sector median +13.7%

Profit growth 3y+37.7%Sector median +20.7%

PEG0.42x

Last 12 months to Jun 2026, Consolidated. "Sector median" = middle value of 157 companies in Trading & Distributors (P/E median leaves out loss-making companies). Tap ? for what a number means.

Things to know

Cash ₹0 cr vs borrowings ₹34 cr (FY26): borrowings are higher by ₹34 cr.
Operating profit covered interest 2.2x in the last 12 months.
Net loss in 1 of the last 6 quarters.
Other income was 109% of net profit in the last 12 months.
Dividend paid in 1 of the last 5 financial years.
Price ₹3.81 on 2026-10-26: -66.2% from the 52-week high, +38.5% from the 52-week low.

Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.

Charts

Weekly close · high ₹18.47 · low ₹2.88

Quarterly results

₹ cr	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Revenue	21	32	54	34	44	26
EBITDA	-0	2	1	2	2	2
OPM %	-1.5%	5.3%	2.6%	5.3%	4.0%	8.0%
Other income	1	2	3	1	0	1
Net profit	-1	2	2	1	0	1
EPS (₹)	0.03	0.10	0.11	0.06	0.00	0.05
Revenue YoY					+106.3%	-20.4%
Profit YoY					–	-45.7%

Consolidated figures where filed. Latest quarter Jun 2026.

Profit & loss (yearly)

₹ cr	FY22	FY23	FY24	FY25	FY26	TTM
Revenue	23	51	50	109	134	158
EBITDA	-0	1	-0	-1	7	7
Net profit	0	1	0	1	3	4
EPS (₹)	0.03	0.06	0.03	0.04	0.17	0.22
Revenue growth		+123.5%	-2.6%	+117.6%	+23.8%	–
Profit growth		+2,033.3%	-60.9%	+42.0%	+370.4%	–
Dividend / share (₹)	0.15	–	–	–	–

Compounded growth	3 years	5 years	Last 12 months
Sales	+37.9%	–	–
Net profit	+37.7%	–	–
EPS	+41.5%	–	–
Share price	–	-51.1% (2y)	-62.5%

Balance sheet

₹ cr	FY25	FY26
Shareholders' equity	47	51
Borrowings	31	34
Cash & equivalents	1	0
Total assets	99	112
Fixed assets	10	9
Capital work in progress	2	4
Investments	0	0
Receivables	26	38
Inventory	19	18
Payables	16	20

Year-end figures from the March annual filing.

Cash flow

₹ cr	FY25	FY26
Cash from operations	-17	-1
Cash from investing	-1	0
Cash from financing	18	0
Capex	2	2
Free cash flow	-19	-4

Free cash flow = cash from operations − capex.

Ratios by year

₹ cr	FY25	FY26
ROE %	1.5%	6.6%
ROCE %	6.3%	10.2%
Debtor days	88	104
Inventory days	69	56
Payable days	59	65
Cash conversion cycle (days)	98	95
Working capital days	134	115

Peers in Trading & Distributors

Company	Market cap	P/E	P/B	ROE	ROCE	OPM	Sales 3y	Div yield
REDINGTON	₹28,671 cr	16.9x	2.8x	18.0%	18.4%	1.9%	+14.5%	1.85%
MMTC	₹7,599 cr	17.0x	3.6x	23.4%	25.6%	10,805.5%	-90.1%	–
MSTCLTD	₹4,097 cr	17.5x	4.5x	28.5%	30.1%	61.1%	-20.0%	1.30%
CNL	₹1,607 cr	24.7x	4.4x	22.4%	16.3%	3.6%	+25.2%	0.05%
BNAGROCHEM	₹1,267 cr	45.5x	2.7x	4.0%	0.7%	-0.5%	–	–
YSL	₹757 cr	8.3x	0.6x	7.1%	0.3%	2.1%	+0.3%	2.03%
SHIVAUM	₹738 cr	64.9x	6.1x	10.2%	11.3%	3.1%	–	–
STCINDIA	₹594 cr	0.9x	1.0x	228.5%	108.2%	–	–	–
PERVASIVE	₹587 cr	0.1x	6.5x	-0.2%	-0.1%	-0.9%	–	–
VARIMAN	₹74 cr	17.3x	1.5x	9.1%	13.1%	4.5%	+37.9%	–

All 157 companies in Trading & Distributors →

Dividends & corporate actions

Ex-date	Action	Detail
2021-09-09	Dividend	Dividend Rs 0.15

Documents

Links go to the original files on the exchange website.

About the company


Sector	Services
Industry	Trading & Distributors
Sub-industry	Trading & Distributors
Symbol	VARIMAN
BSE code	540570
ISIN	INE717F01028
Face value	₹1.0
Incorporated	–
Website	–
Plants (India / abroad)	–

Data built 2026-10-23 from BSE company filings (inline XBRL: Integrated Filing - Finance) + BSE results summary for earlier years; price = BSE close 2026-10-26.