Dashboard
1
Company's ability to service its debt is strong with a healthy EBIT to Interest (avg) ratio of 42.06
2
Healthy long term growth as Net Sales has grown by an annual rate of 29.29% and Operating profit at 52.99%
3
Flat results in Dec 24
4
With ROE of 8.88%, it has a Attractive valuation with a 1.06 Price to Book Value
5
Consistent Underperformance against the benchmark over the last 3 years
Total Returns (Price + Dividend) 
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-27.21%
0%
-27.21%
6 Months
-17.62%
0%
-17.62%
1 Year
-3.53%
0%
-3.53%
2 Years
-54.63%
0%
-54.63%
3 Years
-52.12%
0%
-52.12%
4 Years
28.15%
0%
28.15%
5 Years
118.07%
0%
118.07%
BOE Varitronix Ltd. for the last several years.
Risk Adjusted Returns v/s 
News
No Recent News for the Company
Announcements 
No announcement available
Corporate Actions 
No corporate action available
Quality key factors 
Factor
Value
Sales Growth (5y)
29.29%
EBIT Growth (5y)
52.99%
EBIT to Interest (avg)
42.06
Debt to EBITDA (avg)
0
Net Debt to Equity (avg)
-0.81
Sales to Capital Employed (avg)
2.39
Tax Ratio
4.86%
Dividend Payout Ratio
34.26%
Pledged Shares
0
Institutional Holding
0
ROCE (avg)
25.39%
ROE (avg)
9.26%
Valuation key factors
Factor
Value
P/E Ratio
12
Industry P/E
Price to Book Value
1.06
EV to EBIT
4.64
EV to EBITDA
2.30
EV to Capital Employed
1.34
EV to Sales
0.08
PEG Ratio
NA
Dividend Yield
2.79%
ROCE (Latest)
28.85%
ROE (Latest)
8.88%
Technicals key factors
Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bullish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Mildly Bearish
Moving Averages
Mildly Bearish (Daily)
KST
Bearish
Mildly Bullish
Dow Theory
Mildly Bullish
Mildly Bearish
OBV
Mildly Bullish
Mildly Bearish
Shareholding Snapshot
No data for shareholding present.
Shareholding Compare (%holding) 
No data for shareholding present.
Annual Results Snapshot (Consolidated) - Dec'23
Dec'23
Dec'22
Change(%)
Net Sales
10,760.40
10,722.40
0.35%
Operating Profit (PBDIT) excl Other Income
604.20
699.70
-13.65%
Interest
28.60
14.00
104.29%
Exceptional Items
-0.70
2.00
-135.00%
Consolidate Net Profit
481.10
559.60
-14.03%
Operating Profit Margin (Excl OI)
37.10%
49.30%
-1.22%
USD in Million.
Net Sales
YoY Growth in year ended Dec 2023 is 0.35% vs 38.57% in Dec 2022
Consolidated Net Profit
YoY Growth in year ended Dec 2023 is -14.03% vs 80.69% in Dec 2022
About BOE Varitronix Ltd. 
BOE Varitronix Ltd.
Electronics & Appliances
No Details Available.
Company Coordinates 
No Company Details Available






