VBL
VARUN BEVERAGES LIMITED
Each stock's 10,000-path forecast, rendered as light.
VARUN BEVERAGES LIMITED (VBL) Stock Analysis & Case Study
Is VBL a good buy? The data-driven verdict.
VARUN BEVERAGES LIMITED (VBL) trades at ₹437,on the numbers it mixed signals, a Downstox Snapshot Score of 53/100.
On the numbers, VARUN BEVERAGES LIMITED (VBL) mixed signals, a Downstox Snapshot Score of 53/100, weighing expensive at 43.4× earnings, ROE of 16.2%, a 63% model probability of trading higher in a year. Below: the full bull case, bear case, sector-relative valuation, and a probability-weighted price target for 2027-2031.
Last updated . Data snapshot for research, not investment advice.
VBL fundamentals at a glance, PE, PB, ROE, ROCE, market cap, dividend yield
How VBL ranks against the 2,373 companies in our screener
- VBL's market cap of 1.50L Cr ranks in the top 3% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- VBL's book value of ₹58 ranks in the 37th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- VBL's promoter holding of 59.4% ranks in the 51st percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- VBL's 3-year profit (PAT) growth of 24.0% ranks in the 62nd percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- VBL's 3-year revenue growth of 18.0% ranks in the 69th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- VBL's debt-to-equity ratio of 0.13x is lower than 72% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
Is VBL overvalued? VBL P/E vs its FMCG
VBL's P/E of 43.4× sits below the FMCG peer median of 44.7×, so on earnings it screens in line with peers, while its 0.34% dividend yield is below the peer median of 1.64%.
VBL share price target 2027, 2028, 2029, 2030, 2031, a probability view
Unlike a single guessed number, this is a probability-weighted range from a 10,000-path Monte-Carlo simulation on 9.6y of VBL history (29%/yr drift, 33%/yr volatility).
| Year | Low (P10) | Median target (P50) | High (P90) | Upside vs today |
|---|---|---|---|---|
| VBL 2027 | ₹324 | ₹489 | ₹739 | +11% |
| VBL 2028 | ₹301 | ₹541 | ₹973 | +23% |
| VBL 2029 | ₹289 | ₹599 | ₹1,241 | +36% |
| VBL 2030 | ₹288 | ₹663 | ₹1,530 | +50% |
| VBL 2031 | ₹286 | ₹734 | ₹1,884 | +66% |
Median (P50) is the central estimate; the P10-P90 band is the 80% confidence range. Probabilities, not promises.
What is the probability VBL goes up, or doubles?
The bull case for VBL
- VBL's return on equity of 16.2% ranks in the 75th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- VBL's return on capital employed of 19.7% ranks in the 80th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- A 10,000-path probability model puts a 63% chance the price is higher in a year, with a median target of ₹489 (+11%).
- Upside scenario: the model's optimistic (P90) 3-year path reaches ₹1,241.
The bear case & risks
- VBL's P/E of 44.2x is lower than 30% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.
- Downside scenario: the model's pessimistic (P10) 3-year path falls to ₹289.
VBL volatility & expected range, how bumpy is the ride?
Over the last 9.6 years VBL compounded at 29%/year with annualized volatility of 33%. That volatility implies a 1-year 80% range of ₹324-₹739, the honest backbone behind any single price target.
VBL price forecast, the full 60-month probability fan
VBL price probability fan
Each band shows where 10,000 simulated paths land. The wider the fan, the more uncertainty.
Probability of key outcomes
What are the odds VBL hits common targets within the simulated horizon?
Full multi-horizon detail on the VBL price target & forecast page.
VBL Piotroski F-Score: 6/8, how financially strong is it?
The Piotroski F-Score grades financial strength on profitability, leverage and efficiency checks. Downstox scores the eight checks it can verify from published filings, so 8 is full marks. VBL scores 6/8, mixed financial health.
VBL MTF margin & leverage across 10 brokers
Margin Trading Facility lets you buy VBL with part of the capital. Lower margin % = higher leverage. Rates compared across 10 brokers (no competitor publishes this):
| Broker | Margin required | Approx. leverage |
|---|---|---|
| Upstox | 26.64% | 3.8× |
| Zerodha | 25.70% | 3.9× |
| Groww | 25.74% | 3.9× |
| DhanCHEAPEST | 23.11% | 4.3× |
| Paytm Money | 23.27% | 4.3× |
| Pocketful | 29.86% | 3.3× |
| Fyers | 31.25% | 3.2× |
| Anand Rathi | 30.11% | 3.3× |
| Bajaj Broking | 24.00% | 4.2× |
| Share India | 30.21% | 3.3× |
Compare every broker on the VBL MTF page.
VBL vs peers,FMCG comparison
| Stock | P/E | Div yield | Market cap |
|---|---|---|---|
| VBL (this stock) | 43.4× | 0.34% | ₹1.47L Cr |
| ITC | 18.2× | 5.07% | ₹3.58L Cr |
| HINDUNILVR | 44.7× | 1.96% | ₹4.92L Cr |
| NESTLEIND | 80.1× | 0.78% | ₹2.97L Cr |
| TATACONSUM | 64.9× | 0.92% | ₹1.07L Cr |
| BRITANNIA | 51.0× | 1.64% | ₹1.33L Cr |
| DABUR | 36.7× | 2.01% | ₹72,732 Cr |
Fundamentals from Screener.in, as of 9 Aug 2026
About VARUN BEVERAGES LIMITED: sector, index & market-cap context
VARUN BEVERAGES LIMITED (VBL) is a large-cap NSE-listed company in the FMCG sector, and a constituent of the Nifty 500 index, with a market capitalisation of ₹1.47L Cr. See more stocks on our screener.
How the VBL Snapshot Score & forecast are built
The Downstox Snapshot Score is a transparent, rules-based read of VARUN BEVERAGES LIMITED's public fundamentals plus a statistical forecast, not an analyst opinion. It rewards low-to-fair valuation, high ROE/ROCE, a strong Piotroski F-Score, a dividend, low volatility and a favourable probability of upside; it penalises rich valuations, weak capital efficiency, a low F-Score and high volatility. The price target is a 10,000-path Monte-Carlo simulation on real historical volatility, a distribution, not a single guess. The bull and bear cases are generated from the same data, so you always see both sides.
This is information, not investment advice. Do your own due diligence and consult a SEBI-registered adviser before investing.
VBL analysis, FAQs
Is VARUN BEVERAGES LIMITED (VBL) a good buy?
On the numbers, VARUN BEVERAGES LIMITED (VBL) mixed signals, a Downstox Snapshot Score of 53/100, weighing expensive at 43.4× earnings, ROE of 16.2%, a 63% model probability of trading higher in a year. This is a data snapshot for research, not investment advice.
Is VBL overvalued or undervalued?
VBL trades at 43.4× earnings versus a peer median of 44.7×, so it screens cheaper than its FMCG peers.
What is the VBL share price target for 2031?
VBL's probability-weighted 2031 median target is ₹734, with an 80% range of ₹286-₹1,884 (10,000-path Monte-Carlo).
What is the probability VBL doubles in 5 years?
The modelled probability of VBL reaching ₹884 (2×) within 5 years is 40%.
What is the bull case for VBL?
VBL's return on equity of 16.2% ranks in the 75th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. VBL's return on capital employed of 19.7% ranks in the 80th percentile of the 2,373 NSE companies in our screener, as of 9 Aug 2026. A 10,000-path probability model puts a 63% chance the price is higher in a year, with a median target of ₹489 (+11%).
What are the risks in VBL?
VBL's P/E of 44.2x is lower than 30% of the 2,373 NSE companies in our screener, as of 9 Aug 2026.