Varroc Engineering Q2 Review - ICICI Securities Maintains 'Buy', Raises Target Price, Implying 15% Upside

ICICI Securities projects 12% revenue CAGR over FY25–28, Varroc's Ebitda margin to improve to 10.7% by FY28, and RoE to reach 21%.

Nov 13, 2025 - 18:00
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Varroc Engineering Q2 Review - ICICI Securities Maintains 'Buy', Raises Target Price, Implying 15% Upside
ICICI Securities projects 12% revenue CAGR over FY25–28, Varroc's Ebitda margin to improve to 10.7% by FY28, and RoE to reach 21%.

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