Business Overview
Varmora offers a wide range of high-quality, durable and aesthetically appealing tiles, including glazed vitrified tiles, polished vitrified tiles and ceramic tiles. As of March 31, 2025, its product portfolio comprised over 3,500 stock-keeping units across 20 surface types, catering to diverse applications such as flooring, wall cladding, back paneling, façades and kitchen slabs. During Fiscal 2025, the Company expanded its offerings by launching marble-inspired products across four surface categories using integrated stone technology. Its products are distributed through a robust multi-channel network comprising 286 exclusive brand outlets, over 2,000 multi-brand outlets, and B2B channels serving builders, contractors, developers and government-empanelled customers.
Varmora Granito IPO Size
Objects of Issue
- Repayment of certain outstanding borrowings availed by the company & its subsidiaries
- General corporate purposes
Varmora Granito IPO Financial Performance
(Rs. in crores)
| Particulars | Mar-25 | Mar-24 | Mar-23 |
|---|---|---|---|
| Revenue | 1,446.03 | 1,435.48 | 1,334.95 |
| PAT | 30.77 | 44.94 | 55.06 |
| Net Worth | 722.90 | 678.59 | 642.23 |
| Borrowings | 505.16 | 412.89 | 267.65 |
| Assets | 1,589.80 | 1,476.16 | 1,264.20 |
| NAV (₹) | 35.85 | 33.66 | 35.29 |
| EPS (₹) | 1.75 | 2.19 | 2.80 |
Key Performance Indicators (KPIs)
EBITDA
13.28%
PAT
2.06%
ROE
4.14%
ROCE
6.32%
- All the data pertains to FY 2024-25.
- PE, PB, and market capitalization are calculated based on the Upper Price Band.
Promoter Holding
Promoter
51.30%
Public
48.70%
Management
Registrar & Lead Managers
Registrar
KFin Technologies
Lead Managers (3)
Company Details
Name: Varmora Granito Limited
Address: 8-A, National Highway, Dhuva, Taluka Wankaner, Rajkot – 363 641, Gujarat, India
Number: + 91 – 9909913657
Email: investor.relations@varmora.com
Website: www.Varmora.Com
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