Haitong initiated coverage on Varroc Engineering with an outperform rating and target price of 1219 rupees per share

Thu 1 Oct 2026

Target price

1219 rupees per share

Current price

862 rupees

Revenue CAGR FY26-29

17.7 percent

EBITDA CAGR FY26-29

22.6 percent

PAT CAGR FY26-29

39.7 percent

Heard on Live TV News Channel between 08:32:37 - 08:35:37 IST.

• Haitong initiated outperform rating on Varroc Engineering with target price of 1219 rupees versus current price of 862 rupees
• Haitong said content per vehicle, not just volume growth, is the real EV story for the company
• Overseas business break-even cited as the key earnings lever with underlying margins improving
• Revenue, EBITDA and PAT expected to compound at 17.7%, 22.6% and 39.7% respectively over FY26-29
• Overseas business expected to break even by Q4 FY27, adding 100 basis points to consolidated margins in FY28

The call above is Haitong's, reported here as they made it. Nothing here is a view, opinion or recommendation of ScoutQuest, its parent, directors or employees. ScoutQuest is a technology company: this page was assembled automatically from public sources using artificial intelligence, and may contain errors or omissions. Confirm everything against the original source before you act on it. Any use of this page is at your own risk, and neither ScoutQuest nor its parent, directors or employees accepts liability for it.