Aarvee Denims & Exports Ltd

₹ 151 -2.00%

13 Jun - close price

aarvee-denims.com BSE: 514274 NSE: AARVEEDEN

About

Incorporated in 1988, Aarvee Denims and Exports Ltd manufactures and sells denim and non denim Fabrics

Key Points

Business Overview:^[1]
Company has composite integrated manufacturing facilities for production of a wide range of Denim Fabrics. Company has in-house yarn manufacturing facilities for denim used for captive consumption. It also sources yarn from local markets for a variety of denim products and sells surplus yarn in local market

Website BSE NSE - BE

Market Cap ₹ 355 Cr.
Current Price ₹ 151
High / Low ₹ 161 / 26.0
Stock P/E 19.2
Book Value ₹ 15.2
Dividend Yield 0.00 %
ROCE 21.5 %
ROE 70.0 %
Face Value ₹ 10.0

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Pros

Company has reduced debt.
Company has delivered good profit growth of 19.8% CAGR over last 5 years
Debtor days have improved from 223 to 66.7 days.

Cons

Stock is trading at 9.94 times its book value
Promoter holding has decreased over last quarter: -30.2%
The company has delivered a poor sales growth of -40.4% over past five years.
Promoter holding is low: 30.6%
Company has a low return on equity of -59.0% over last 3 years.
Company might be capitalizing the interest cost
Promoters have pledged 100% of their holding.
Earnings include an other income of Rs.140 Cr.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025
	111.95	108.29	55.05	47.64	49.92	10.37	24.81	25.55	24.00	13.53	15.48	5.94	7.50
	112.72	107.08	66.26	61.01	54.72	20.90	30.97	34.72	29.26	24.46	20.16	28.55	59.20
Operating Profit	-0.77	1.21	-11.21	-13.37	-4.80	-10.53	-6.16	-9.17	-5.26	-10.93	-4.68	-22.61	-51.70
OPM %	-0.69%	1.12%	-20.36%	-28.06%	-9.62%	-101.54%	-24.83%	-35.89%	-21.92%	-80.78%	-30.23%	-380.64%	-689.33%
	14.42	6.33	0.44	0.09	0.07	0.17	2.39	3.37	0.58	45.10	34.25	22.63	37.94
Interest	10.15	9.97	11.25	12.07	12.60	10.46	11.74	7.69	6.76	5.33	3.81	2.49	1.21
Depreciation	5.84	6.63	6.61	6.61	5.43	6.20	2.75	1.63	1.12	1.11	1.12	0.97	1.15
Profit before tax	-2.34	-9.06	-28.63	-31.96	-22.76	-27.02	-18.26	-15.12	-12.56	27.73	24.64	-3.44	-16.12
Tax %	420.51%	10.71%	-39.33%	-30.51%	-32.16%	-31.20%	-28.97%	-56.35%	-48.57%	18.54%	66.48%	102.03%	-44.98%
	-12.18	-10.03	-17.37	-22.21	-15.44	-18.59	-12.97	-6.60	-6.46	22.58	8.27	-6.94	-8.87
EPS in Rs	-5.19	-4.28	-7.40	-9.47	-6.58	-7.92	-5.53	-2.81	-2.75	9.62	3.53	-2.96	-3.78
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	685	746	841	844	827	752	565	265	421	261	85	42
	609	679	764	772	747	669	529	285	431	289	113	132
Operating Profit	76	66	77	72	80	82	36	-20	-10	-28	-29	-90
OPM %	11%	9%	9%	9%	10%	11%	6%	-7%	-2%	-11%	-34%	-212%
	2	3	-1	2	3	3	-0	12	25	7	4	140
Interest	39	35	37	38	43	49	53	51	43	46	37	13
Depreciation	33	31	31	33	33	34	38	28	25	25	12	4
Profit before tax	6	3	8	3	6	2	-56	-87	-54	-92	-73	33
Tax %	50%	95%	17%	35%	12%	37%	-24%	-27%	-24%	-30%	-39%	43%
	3	0	7	2	6	1	-42	-64	-41	-65	-45	19
EPS in Rs	1.36	0.08	3.00	0.75	2.39	0.46	-17.87	-27.36	-17.66	-27.73	-19.02	7.90
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-25%
5 Years:	-40%
3 Years:	-53%
TTM:	-50%

Compounded Profit Growth
10 Years:	58%
5 Years:	20%
3 Years:	34%
TTM:	140%

Stock Price CAGR
10 Years:	14%
5 Years:	69%
3 Years:	92%
1 Year:	453%

Return on Equity
10 Years:	-12%
5 Years:	-40%
3 Years:	-59%
Last Year:	70%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Equity Capital	23	23	23	23	23	23	23	23	23	23	23	23
Reserves	234	232	240	243	248	250	208	144	103	38	-6	12
	396	370	382	355	379	434	419	433	413	397	278	94
	141	145	178	210	268	241	193	110	89	70	144	74
Total Liabilities	794	771	825	831	919	949	843	711	629	528	438	204
	401	372	367	375	363	389	350	274	231	202	72	68
CWIP	0	2	1	5	0	0	0	0	1	1	0	0
Investments	0	0	0	0	0	0	0	0	0	0	0	0
	393	397	457	451	556	560	492	437	397	324	366	136
Total Assets	794	771	825	831	919	949	843	711	629	528	438	204

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
	68	47	75	110	38	51	65	45	13	40	110	27
	-23	-11	-38	-50	-19	-53	5	9	47	13	46	182
	-50	-36	-33	-63	-19	3	-70	-42	-63	-62	-156	-196
Net Cash Flow	-4	-0	4	-3	0	0	-1	12	-4	-10	0	13

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	94	85	92	104	130	140	152	287	144	174	430	67
Inventory Days	164	132	127	114	146	189	234	283	204	230	405	34
Days Payable	83	74	90	109	151	167	167	160	100	109	235	78
Cash Conversion Cycle	175	143	129	109	125	161	219	410	247	295	600	23
Working Capital Days	129	112	109	103	130	160	195	362	216	257	206	-204
ROCE %	7%	6%	8%	6%	8%	8%	-0%	-7%	-6%	-11%	-10%	21%

Shareholding Pattern

Numbers in percentages

33 Recently

	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	May 2025
	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	60.81%	60.81%	38.77%	30.56%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.37%	0.25%	0.00%	0.00%
	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%	0.00%	0.00%	0.07%	1.30%
	32.10%	32.10%	32.11%	32.11%	32.10%	32.08%	32.10%	32.09%	38.81%	38.94%	61.16%	68.15%
No. of Shareholders	9,850	9,822	9,787	9,634	10,014	10,566	11,439	11,303	10,439	10,181	10,202	10,008

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	May 2025
	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	38.77%	30.56%
	14.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	2.10%	2.11%	2.11%	2.11%	2.11%	2.11%	2.10%	2.10%	0.07%	1.30%
	0.00%	0.92%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	17.75%	31.17%	32.10%	32.09%	32.09%	32.10%	32.11%	32.10%	61.16%	68.15%
No. of Shareholders	10,144	11,437	10,938	10,564	10,395	9,545	9,787	11,439	10,202	10,008

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Aarvee Denims & Exports Ltd

Aarvee Denims & Exports Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

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