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✦ AI Insight
Restated Financials (₹ Cr.)
| Period Ended | 31 Mar 2025 | 31 Mar 2024 |
|---|---|---|
| Assets | 1,589.80 | 1,476.16 |
| Total Income | 1,492.68 | 1,472.58 |
| Profit After Tax | 30.77 | 44.94 |
| EBITDA | 198.29 | 150.33 |
| NET Worth | 72,28,98,000.00 | 67,85,87,000.00 |
| Reserves and Surplus | 677.63 | 624.96 |
| Total Borrowing | 505.16 | 412.89 |
| Amount in ₹ Crore |
Objects of the Issue
| # | Issue Objects | Est Amt (₹ Cr.) |
|---|---|---|
| 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 | 320.00 |
| 2 | General corporate purposes. |
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, 20
Contact Details
Varmora Granito Ltd. Address8-A, National Highway,Dhuva,Taluka WankanerRajkot, Gujarat, 3800549909913657investor.relations@varmora.comVisit Website