Varmora Granito Limited - IPO
MAINBOARDVarmora Granito IPO Details
Varmora Granito IPO Lot Size
| Application | Lots | Shares | Amount |
|---|---|---|---|
To be announced | |||
Varmora Granito IPO Reservation
Promoter Holding
Documents
Varmora Granito IPO Valuations
Varmora Granito Limited Financial Information
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
| Assets | 1,589.80 | 1,476.16 | 1,264.20 |
| Total Income | 1,492.68 | 1,472.58 | 1,399.92 |
| Profit After Tax | 30.77 | 44.94 | 55.06 |
| EBITDA | 198.29 | 150.33 | 180.68 |
| Net Worth | 722.90 | 678.59 | 642.23 |
| Total Borrowing | 505.16 | 412.89 | 267.65 |
| Amount in ₹ Crore | |||
About Varmora Granito IPO
Incorporated in 2003, Varmora Granito Limited is engaged in the business of manufacturing and marketing ceramic and vitrified tiles. The company’s product portfolio includes a wide range of tiles across formats such as glazed vitrified tiles (GVT), polished vitrified tiles (PVT), and ceramic tiles.
The company distributes its products through a multi-channel network comprising:
- Business-to-Consumer (B2C) channels: 286 exclusive brand outlets (EBOs) and over 2,000 multi-brand outlets (MBOs)
- Business-to-Business (B2B) channels: Builders, contractors, developers, and government procurement
As of March 31, 2025, the company’s distribution network covered 949 cities across 27 states and union territories in India.
The product portfolio included more than 3,500 stock-keeping units (SKUs) as of March 31, 2025.
Manufacturing Facilities
As of March 31, 2025, the company operated nine manufacturing facilities, all located in the Morbi industrial cluster in Gujarat.
Export Operations
As of March 31, 2025, the company exported products to over 100 countries, supported by a dedicated export team comprising 47 personnel.
Employees
The company employed 1,156 permanent employees as of March 31, 2025.
Strength Of Varmora Granito IPO
Risk Of Varmora Granito IPO
Objectives Varmora Granito IPO
1. Repayment/ pre-payment, in full or in part, of all or certain outstanding borrowings and accrued interest thereon availed by: The company and wholly-owned subsidiaries namely Covertek Ceramica Private Limited and Varmora Sanitarywares Private Limited (formerly, Varmora Sanitarywares LLP), and of the subsidiary, Simola Tiles LLP, through investment in such Subsidiaries; and
2. General corporate purposes.
Company Contact Details
Varmora Granito Ltd.
8-A, National Highway,
Dhuva,
Taluka Wankaner
Rajkot, Gujarat, 380054
Phone: 9909913657
Email: investor.relations@varmora.com
Website: http://www.varmora.com/