Varun Beverages Limited
Valuation (73/100) does the heavy lifting; momentum (20/100) is the drag.
Buy zoneVarun Beverages Limited earns a Buy from StocksWizard, with a blended score of 61/100. At ₹447.2 it trades below our blended DCF and relative-multiples fair value of ₹535.87, about 20% upside to that estimate — we read it as undervalued by 20%. On 53.7x trailing earnings it sits roughly in line with the Fast Moving Consumer Goods median of about 57.7x. The price is about 18% below its 52-week high of ₹544.05 and 17% above the low of ₹381.36. Financial health scores 100/100, in the safe band on the Altman Z-score, with a Piotroski F-score of 6/9. The average analyst target of ₹587.23 implies about 31% upside across 26 analysts. It clears 7 of 11 investability checks, with durability 70, valuation 62 and momentum 20 on our 0–100 scales.
Analysis by Ankit Sharma · StocksWizard's own estimates from end-of-day public data — see how we calculate them. For information only, not investment advice.
With a 20% margin of safety, our buy-below price is ₹428.7.
Analyst views
1-year price
EOD · 2026-07-2952-week range
-17.80% from the 52-week high.
Price above both moving averages reads as an intact uptrend; below both, the trend is against you.
Verdict pillars
Buy61Piotroski F-score 6/9 — quality of earnings & balance sheet.
Our scores
Durability rewards strong, low-debt, profitable businesses; Valuation rewards stocks cheap vs their sector; Momentum rewards strong price trends.
Investability checklist
- No data: ROE above 15%
- Pass: Low debt (D/E < 0.5): 0.13x
- Pass: Positive free cash flow
- Pass: Revenue growth > 10%: 18%
- Pass: Earnings growing: 20%
- Pass: Net margin ≥ 10%: 14.0%
- No data: Current ratio > 1.5
- Pass: Below our fair value
- Fail: Margin of safety ≥ 20%
- Fail: Above 200-day average
- Fail: Above 50-day average
- No data: Positive 1-year return
- Pass: Altman Z in safe zone: Z 19.2
- Fail: Piotroski ≥ 7: 6/9
Quarterly results
Annual financials
Shareholding
- Promoter60.6%
- Institutions24.4%
- Public & other15.0%
Promoter holding via insider stake; institutional via reported holdings.
Key fundamentals
Bull case vs bear case
Bull case
Strengths
- Lightly leveraged balance sheet.
- Financially solid — Altman Z 19.2.
Opportunities
- Earnings growing (20% YoY).
- Revenue growing (18% YoY).
- Trading in our value buy zone versus sector peers.
Bear case
Weaknesses
- Price below its 200-day moving average (downtrend).
About Varun Beverages Limited
Varun Beverages Limited manufactures, bottles, sells, and distributes beverages under PepsiCo brands across India, Sri Lanka, Nepal, and multiple African countries including Zambia, Morocco, Zimbabwe, the Democratic Republic of Congo, Mozambique, South Africa, Lesotho, Eswatini, Namibia, and Botswana. Its portfolio includes carbonated soft drinks such as Pepsi, Pepsi Zero, Mountain Dew, Mirinda, and Seven-Up, along with Refreshhh, Coo-ee, and Jive brands.
Varun Beverages Limited — frequently asked questions
Is Varun Beverages Limited a buy, hold or sell?
StocksWizard currently rates Varun Beverages Limited (VBL) a Buy, based on a blended score of 61/100 across valuation, quality, momentum and price trend. This is our own model-based view, not investment advice.
What is Varun Beverages Limited's fair value?
Our blended DCF and relative-valuation model estimates Varun Beverages Limited's fair value at about ₹535.87, versus a current price of ₹447.2 — roughly 20% upside. On that basis the stock looks undervalued by 20%.
Is Varun Beverages Limited financially healthy?
Varun Beverages Limited scores 100/100 on our financial-health model, placing it in the safe band on the Altman Z-score, with a Piotroski F-score of 6/9.
How has Varun Beverages Limited's share price performed?
Varun Beverages Limited is down 13% over three months, and last traded at ₹447.2. Past performance doesn't predict future returns.
More in Fast Moving Consumer Goods
View allOur verdict, fair value, financial-health and checklist are StocksWizard's own estimates, computed from public end-of-day data using standard models (DCF, relative valuation, Altman Z, Piotroski). For information only — not investment advice or a recommendation. Verify independently before investing.