Variman Global Enterprises Ltd

VARIMAN

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Market Cap

₹ 148 Cr

P/E

69.09

Turned 1 L into 4.93 L in last 5 Years

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Investment Checklist

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Performance

STEADY PERFORMER

Valuation

OVERVALUED

Growth

EXCEPTIONAL

Profitability

MODERATE MARGIN

Technicals

Bearish

Risk

HIGH RISK

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Price

PE Ratio

Price

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Overview

Detailed Summary

Variman Global Enterprises Limited, originally Spring Fields Infraventures, is an IT solutions provider, established in December 1993.

The company focuses on software development, IT infrastructure solutions, and IT hardware distribution to various clients.

It serves a broad range of customers including SOHO, SMB, and large enterprises, as well as government organizations.

With a strong presence in Telangana, Variman supports over 800 online and offline retailers, resellers, and system integrators.

Its strategic approach positions it as a vital link between vendors, partners, and clients, enhancing overall business performance.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

148 Cr

Volatility

Low Risk

P/E Ratio

69.1

Industry P/E

35.9

PEG Ratio

0.8

P/B Ratio

4.2

52W High

18.00

52W Low

6.55

Sales CAGR

-4.16%

37.77%

26.23%

10Y

38.06%

Profit CAGR

-45.80%

84.86%

9.87%

10Y

11.67%

ROE

TTM

4.24%

2.06%

2.04%

10Y

1.63%

ROCE

TTM

9.08%

5.23%

4.98%

10Y

4.26%

Technicals

Oscillators

BearishNeutralBullish

Bullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Moving Averages

BearishNeutralBullish

Bearish

Neutral

Bullish

Overall

BearishNeutralBullish

Bearish

Neutral

Bullish

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
AUSOMENT	111.00	151 Cr	5.44	0.96	0.90	17.56	20.62	17.06
MAGNUS	28.71	150 Cr	75.55	3.02	0.00	247.89	78.03	24.11
MAXIMUS	11.03	150 Cr	15.10	1.89	0.00	12.51	13.71	6.75
VARIMAN	7.40	148 Cr	69.09	4.16	0.00	4.24	9.08	2.06
ANIKINDS	52.78	148 Cr	95.07	0.38	0.00	0.40	0.73	0.33
MAHESHWARI	49.59	147 Cr	7.84	0.71	0.00	9.05	12.11	2.94
HINDAPL	145.10	145 Cr	1116.15	9.89	0.00	0.90	0.27	0.26

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

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Total Figures

QoQ Changes

Total Figures

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Sales	25	34	27	27	24	32	31	21	32	22
Expenses	26	31	27	29	24	32	32	22	30	23
Operating Profit	-0.51	2.32	-0.19	-1.31	-0.75	0.32	-0.06	-0.32	1.68	-0.25
OPM %	-2.01	6.92	-0.70	-4.79	-3.18	1.00	-0.19	-1.49	5.24	-1.12
Other Income	1.00	0.89	0.66	2.28	1.58	1.01	2.58	1.27	1.66	1.36
Interest	0.65	0.69	0.64	1.08	0.37	0.77	1.52	1.18	0.83	0.76
Depreciation	0.16	0.10	0.21	0.06	0.17	0.19	0.19	0.22	0.15	0.15
Profit Before Tax	-0.32	2.42	-0.37	-0.16	0.28	0.37	0.81	-0.45	2.37	0.20
Tax %	-15.63	13.22	-2.70	25.00	25.00	-5.41	20.99	-15.56	16.88	55.00
Net Profit	-0.37	2.10	-0.38	-0.12	0.20	0.39	0.64	-0.52	1.97	0.09
EPS in Rs	-0.19	0.11	-0.02	-0.01	0.01	0.02	0.03	-0.02	0.10	0.00

Consolidated Profit Loss (in ₹ Crores)

View Standalone

Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	0.61	50	61	59	77	116	113	109	117
Expenses	0.70	49	61	58	77	115	113	109	115
Operating Profit	-0.09	0.18	0.27	1.16	-0.02	0.77	0.31	-0.81	1.62
OPM %	-14.54	0.36	0.45	1.98	-0.03	0.67	0.27	-0.75	1.38
Other Income	0.18	2.83	2.24	2.09	2.68	4.02	4.84	6.43	6.52
Interest	0.04	1.97	1.41	1.61	1.76	2.23	3.06	3.85	4.30
Depreciation	0.06	0.32	0.31	0.31	0.25	0.26	0.53	0.78	0.75
Profit Before Tax	-0.00	0.72	0.80	1.33	0.64	2.30	1.56	1.00	3.10
Tax %	-9.43	25.81	26.41	27.72	26.04	20.90	16.02	29.34	20.00
Net Profit	-0.00	0.53	0.59	0.96	0.47	1.82	1.31	0.71	2.48
EPS in Rs	—	—	0.15	0.05	0.01	0.23	-0.11	0.04	0.11
Dividend Payout %	0.00	0.00	0.00	26.32	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	5.25	17	17	17	18	19	19	19
Reserves	-2.12	-1.62	-0.68	-0.67	3.42	12	13	27
Borrowings	0.25	16	17	18	18	22	27	31
Other Liabilities	3.10	5.21	6.68	11	8.41	18	18	21
Total Liabilities	6.48	36	39	45	48	71	78	99
Fixed Assets	0.14	7.31	7.85	9.20	9.17	11	12	13
CWIP	0.00	0.16	2.35	1.12	0.95	0.96	0.96	1.59
Investments	0.00	3.18	1.05	0.67	0.29	0.29	0.46	0.29
Other Assets	6.33	25	28	34	38	58	64	84
Total Assets	6.48	36	39	45	48	71	78	99

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity	-9.43	0.00	0.05	-6.89	-8.56	4.95	-17
Cash from Investing Activity	-9.59	-2.58	-1.64	0.87	-1.71	-8.27	-1.08
Cash from Financing Activity	19	2.63	-0.19	6.06	10	3.16	18
Net Cash Flow	0.09	0.05	-1.78	0.04	0.10	-0.15	0.09

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Jan 2023	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025
Promoters	28.22%	28.22%	28.14%	28.14%	28.14%	28.14%	28.14%	28.14%	28.14%	28.04%	28.01%	27.92%
FIIs	0.34%	0.31%	0.31%	0.57%	1.36%	2.84%	1.55%	1.55%	1.55%	2.13%	1.66%	1.61%
DIIs	1.29%	1.29%	1.28%	1.28%	1.28%	1.28%	1.28%	1.28%	1.28%	1.28%	1.28%	1.28%
Public	70.15%	70.18%	70.27%	70.00%	69.22%	67.74%	69.02%	69.02%	69.02%	68.54%	69.04%	69.18%
Total Shareholders	9,617	9,497	9,353	9,606	10,532	9,779	9,967	10,842	12,887	14,291	14,023	11,262

Market Transactions

Date	Party	Category	Type	Avg Price (₹)	Total Value (₹)	Quantity	Percent Traded
Nov 25, 2025	Radha mittal	Bulk	Sell	7.11	0.70 Cr	9,85,175	0.50
Jun 13, 2025	Radha mittal	Bulk	Buy	13.50	1.35 Cr	10,00,000	0.51
Apr 29, 2025	Bridge india fund	Bulk	Buy	8.85	0.96 Cr	10,80,000	0.55
Apr 29, 2025	Eriska investment fund ltd	Bulk	Sell	8.86	1.54 Cr	17,40,133	0.89
Mar 11, 2025	J.v.s. securities private lim...	Insider - Promoter	Disposal	11.09	0.16 Cr	1,43,415	0.07
Mar 10, 2025	Prabha rameshkumar gupta	Bulk	Sell	10.60	1.45 Cr	13,71,718	0.70
Mar 10, 2025	Eminence global fund pcc- eub...	Bulk	Buy	10.60	1.57 Cr	14,83,083	0.76
Mar 07, 2025	Praveen dyta	Insider - Director	Disposal	0.00	0.00 Cr	10,00,000	0.51
Dec 30, 2024	Cheralathan	Bulk	Buy	12.82	1.51 Cr	11,80,000	0.60
Jul 08, 2024	Gannamani pushpa agro farms p...	Bulk	Buy	18.12	0.01 Cr	3,000	0.00

Projection

Actions

Action Type

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Announcements

Last 7 days

Newest

Sentiment

Regulatory Filing

6 days ago

Withdrawal of Acquisition Proposal

Variman Global Enterprises Limited has withdrawn its proposal to acquire 7,600 equity shares of Cultnerds IT Solutions on a share-swap basis.

Documents

Presentations

Concalls

Reports

Presentations

No documents found!

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Overview

Detailed Summary

Variman Global Enterprises Limited, originally Spring Fields Infraventures, is an IT solutions provider, established in December 1993.

The company focuses on software development, IT infrastructure solutions, and IT hardware distribution to various clients.

It serves a broad range of customers including SOHO, SMB, and large enterprises, as well as government organizations.

With a strong presence in Telangana, Variman supports over 800 online and offline retailers, resellers, and system integrators.

Its strategic approach positions it as a vital link between vendors, partners, and clients, enhancing overall business performance.

Sector

Trading

Industry

Trading - Medium / Small

Market Cap

148 Cr

Volatility

Low Risk

P/E Ratio

69.1

Industry P/E

35.9

PEG Ratio

0.8

P/B Ratio

4.2

52W High

18.00

52W Low

6.55

Sales CAGR

-4.16%

37.77%

26.23%

10Y

38.06%

Profit CAGR

-45.80%

84.86%

9.87%

10Y

11.67%

ROE

TTM

4.24%

2.06%

2.04%

10Y

1.63%

ROCE

TTM

9.08%

5.23%

4.98%

10Y

4.26%