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Varroc Engineering has released its latest shareholding reports, covering the quarter and the first half of the fiscal year ending on (Q1-Jun 2024-2024).This detailed report examines who owns shares, including Promoters, promoter groups, Foreign investors, public investors, and government entities.
Shareholder Name | Previous Quater Quantity(In Crores) | Current Quater Quantity(In Crores) | Previous Quater Shares(in %) | Current Quater Shares(in %) | Quater to Quater Difference |
---|---|---|---|---|---|
Promoters | 11.46 | 11.46 | 75 | 75 | 0 |
Public | 3.82 | 3.82 | 8.63 | 8.04 | -0.59 % |
DII | 1.86 | 1.95 | 12.15 | 12.73 | +0.58 % |
FII | 0.64 | 0.65 | 4.22 | 4.23 | +0.01 % |
Government | 0 | 0 | 0 | 0 | 0 |
Promoters shareholding remained stable, at 75% in both March 2024 and June 2024. This indicates that the promoters’ control over the company did not change during this period. The percentage of shares held by the public decreased from 8.63% in March 2024 to 8.04% in June 2024.This reduction indicates that the public’s stake in the company diminished during this period.DIIs (Domestic Institutional Investors) shareholding increased from 12.15% in March 2024 to 12.73% in June 2024 , indicating that domestic institutions increased their stake in the company by 0.58% . FIIs (Foreign Institutional Investors): There was a significant increase from 4.22% in March 2024 to 4.23% in June 2024. This suggests that foreign institutions grew their investments 0.010000000000001 in the company during the quarter.
Let’s look into the statistics of the investors, which could have contributed to the fluctuations in the shareholding pattern.
Shareholder Name | Previous Quarter Quantity (In crores) | Current Quarter Quantity (In crores) | Previous Quarter Shares (in %) | Current Quarter Shares (in %) | Quarter-to-Quarter Difference (%) |
---|---|---|---|---|---|
Tarang Jain | 3.385 | 6.073 | 22.16 | 39.75 | + 17.59 % |
Tarang Jain | 6.073 | 3.385 | 39.75 | 22.16 | -17.59 % |
Tarang Jain has showcased a remarkable improvement in stakeholding for this quarter, registering a significant increase of 17.59 %.Tarang Jain faced a downturn in stakeholding this quarter, witnessing a decline of -17.59 % in stakeholding compared to the previous quarter.
Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
---|---|---|---|---|---|
Resident Individuals holding nominal share capital up to Rs. 2 lakhs | 1.043 | 0.987 | 6.83 | 6.46 | -0.37 % |
Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs | 0.023 | 0.025 | 0.15 | 0.16 | + 0.01 % |
Non Resident Indians (NRIs) | 0.056 | 0.053 | 0.37 | 0.35 | -0.02 % |
Bodies Corporate | 0.138 | 0.105 | 0.9 | 0.69 | -0.21 % |
Clearing Members | 0.001 | 0.000 | 0.01 | 0 | -0.01 % |
HUF | 0.052 | 0.049 | 0.34 | 0.32 | -0.02 % |
LLP | 0.004 | 0.007 | 0.03 | 0.04 | + 0.01 % |
Observations show a significant difference of -0.37 % in Resident Individuals holding nominal share capital up to Rs. 2 lakhs’s financial performance between quarters.Leading the way to higher stakeholding, Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs has significantly boosted stakeholding by an impressive 0.01 %.Observations show a significant difference of -0.02 % in Non Resident Indians (NRIs)’s financial performance between quarters.Observations show a significant difference of -0.21 % in Bodies Corporate’s financial performance between quarters.Observations show a significant difference of -0.01 % in Clearing Members’s financial performance between quarters.Observations show a significant difference of -0.02 % in HUF’s financial performance between quarters.Leading the way to higher stakeholding, LLP has significantly boosted stakeholding by an impressive 0.01 %.
Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
---|---|---|---|---|---|
Mutual Funds/ | 1.476 | 1.554 | 9.66 | 10.17 | + 0.51 % |
Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund | 0.441 | 0.491 | 2.88 | 3.22 | + 0.34 % |
Nippon Life India Trustee Ltd-A/C Nippon India Focused Equity Fund | 0.707 | 0.697 | 4.63 | 4.56 | -0.07 % |
Alternate Investment Funds | 0.083 | 0.077 | 0.55 | 0.51 | -0.04 % |
Insurance Companies | 0.296 | 0.314 | 1.94 | 2.06 | + 0.12 % |
NBFCs registered with RBI | 0.001 | 0.000 | 0.01 | 0 | -0.01 % |
The latest quarter saw a considerable enhancement in stakeholding for Mutual Funds/, reflecting an uptick of 0.51 % in their shares.The latest quarter saw a considerable enhancement in stakeholding for Hdfc Trustee Company Limited-Hdfc Flexi Cap Fund, reflecting an uptick of 0.34 % in their shares.Nippon Life India Trustee Ltd-A/C Nippon India Focused Equity Fund decreased their stake from 4.56% in the previous quarter to 4.63% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.07 %.Alternate Investment Funds decreased their stake from 0.51% in the previous quarter to 0.55% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.04 %.The latest quarter saw a considerable enhancement in stakeholding for Insurance Companies, reflecting an uptick of 0.12 % in their shares.NBFCs registered with RBI decreased their stake from 0% in the previous quarter to 0.01% in the current quarter.It describes a decrease in stakes over consecutive quarters, specifically by -0.01 %.
Shareholder Name | Previous Quarter Quantity (In Crores) | Current Quarter Quantity (In Crores) | Previous Quater Shares (in %) | Current Quater Shares (in %) | Quater-to-Quater Difference (%) |
---|---|---|---|---|---|
Kotak Funds – India Midcap Fund | 0.188 | 0.184 | 1.23 | 1.21 | -0.02 % |
Government Pension Fund Global | 0.204 | 0.200 | 1.34 | 1.31 | -0.03 % |
Foreign Portfolio Investors Category II | 0.015 | 0.018 | 0.1 | 0.12 | + 0.02 % |
Stakeholding dwindled by -0.02 % for Kotak Funds – India Midcap Fund in comparison to the preceding quarter.Stakeholding dwindled by -0.03 % for Government Pension Fund Global in comparison to the preceding quarter.During this past quarter, there was a noteworthy upswing in stakeholding for Foreign Portfolio Investors Category II, which experienced a significant increase of 0.02 % .
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