Varvee Global Ltd

₹ 67.8 -3.50%

29 May - close price

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

Market Cap ₹ 350 Cr.
Current Price ₹ 67.8
High / Low ₹ 98.5 / 43.7
Stock P/E 28.1
Book Value ₹ 15.0
Dividend Yield 0.00 %
ROCE 18.9 %
ROE 22.1 %
Face Value ₹ 5.00

Add ratio to table

Edit ratios

Pros

Company has reduced debt.
Company is almost debt free.
Debtor days have improved from 196 to 92.7 days.

Cons

Stock is trading at 4.54 times its book value
Though the company is reporting repeated profits, it is not paying out dividend
The company has delivered a poor sales growth of -25.0% over past five years.
Company has a low return on equity of -103% over last 3 years.
Earnings include an other income of Rs.19.8 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

Edit Columns

Loading peers table ...

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	50	10	25	26	24	14	15	6	8	-1	28	12	23
	55	21	31	35	29	24	20	29	59	1	14	14	29
Operating Profit	-5	-11	-6	-9	-5	-11	-5	-23	-52	-1	14	-1	-6
OPM %	-10%	-102%	-25%	-36%	-22%	-81%	-30%	-381%	-689%		50%	-12%	-25%
	0	0	2	3	1	45	34	23	38	7	6	22	-15
Interest	13	10	12	8	7	5	4	2	1	1	0	0	0
Depreciation	5	6	3	2	1	1	1	1	1	1	2	1	2
Profit before tax	-23	-27	-18	-15	-13	28	25	-3	-16	3	19	19	-23
Tax %	-32%	-31%	-29%	-56%	-49%	19%	66%	102%	-45%	-677%	46%	72%	26%
	-15	-19	-13	-7	-6	23	8	-7	-9	25	10	5	-29
EPS in Rs	-3.29	-3.96	-2.77	-1.41	-1.38	4.81	1.76	-1.48	-1.89	4.95	1.98	1.04	-5.55
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	746	841	844	827	752	565	265	421	261	85	42	63
	679	764	772	747	669	529	285	431	289	113	122	57
Operating Profit	66	77	72	80	82	36	-20	-10	-28	-29	-80	5
OPM %	9%	9%	9%	10%	11%	6%	-7%	-2%	-11%	-34%	-189%	9%
	3	-1	2	3	3	-0	12	25	7	4	130	20
Interest	35	37	38	43	49	53	51	43	46	37	13	1
Depreciation	31	31	33	33	34	38	28	25	25	12	4	5
Profit before tax	3	8	3	6	2	-56	-87	-54	-92	-73	33	18
Tax %	95%	17%	35%	12%	37%	-24%	-27%	-24%	-30%	-39%	43%	32%
	0	7	2	6	1	-42	-64	-41	-65	-45	19	12
EPS in Rs	0.04	1.50	0.38	1.20	0.23	-8.94	-13.69	-8.83	-13.87	-9.51	3.95	2.42
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	-23%
5 Years:	-25%
3 Years:	-38%
TTM:	48%

Compounded Profit Growth
10 Years:	2%
5 Years:	17%
3 Years:	30%
TTM:	114%

Stock Price CAGR
10 Years:	9%
5 Years:	43%
3 Years:	89%
1 Year:	2%

Return on Equity
10 Years:	-21%
5 Years:	-65%
3 Years:	-103%
Last Year:	22%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	23	23	23	23	23	23	23	23	23	23	23	26
Reserves	232	240	243	248	250	208	144	103	38	-6	12	51
	370	382	355	379	434	419	433	413	397	278	94	3
	145	178	210	268	241	193	110	89	70	144	74	104
Total Liabilities	771	825	831	919	949	843	711	629	528	438	204	184
	372	367	375	363	389	350	274	231	202	72	68	43
CWIP	2	1	5	0	0	0	0	1	1	0	0	1
Investments	0	0	0	0	0	0	0	0	0	0	0	10
	397	457	451	556	560	492	437	397	324	366	136	129
Total Assets	771	825	831	919	949	843	711	629	528	438	204	184

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	47	75	110	38	51	65	45	13	40	110	27	5
	-11	-38	-50	-19	-53	5	9	47	13	46	182	28
	-36	-33	-63	-19	3	-70	-42	-63	-62	-156	-196	-43
Net Cash Flow	-0	4	-3	0	0	-1	12	-4	-10	0	13	-10
Free Cash Flow	39	35	66	22	-10	63	50	59	53	151	209	45
CFO/OP	71%	100%	154%	48%	63%	181%	-223%	-125%	-141%	-385%	-34%	111%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	85	92	104	130	140	152	287	144	174	430	67	93
Inventory Days	132	127	114	146	189	234	283	204	230	405	34	296
Days Payable	74	90	109	151	167	167	160	100	109	235	78	457
Cash Conversion Cycle	143	129	109	125	161	219	410	247	295	600	23	-69
Working Capital Days	-18	-22	-25	1	16	20	8	-6	-65	-369	-886	-272
ROCE %	6%	8%	6%	8%	8%	-0%	-7%	-6%	-11%	-10%	-37%	19%

Insights

In beta

Mar 2015

Mar 2016

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Export Sales Volume (as Revenue)
₹ Lacs

xx,xxx.xx	xx,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	x,xxx.xx	x,xxx.xx	xx,xxx.xx	x,xxx.xx	xxx.xx	x.xx
x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	x,xxx	xxx	xxx		xxx	xxx
x.xx	x.xx	x.xx	x.xx		x.xx	x.xx	x.xx	x.xx	x.xx
x.xx	x.xx	x.xx	x.xx		x.xx	x.xx	x.xx	x.xx	x.xx
xxx.xx	xxx.xx	xx.xx		x,xxx.xx	xxx.xx	xxx.xx			x,xxx.xx	x,xxx.xx
xx.xx				xx.xx		xx.xx	x.xx	x.xx	x.xx
xx				xx					xx	xx
xx				xx					xx	xx

Please log in to see hidden values.

Permanent Employees
Number

Electricity Consumption for Fabric Production
KWH per Meter

Electricity Consumption for Yarn Production
KWH per Kg

Revenue from Job Charges (Operational Intensity Proxy)
₹ Lacs

Wind Energy Generation Capacity
MW

Installed Capacity - Denim Fabric
Million Meters Per Annum

Installed Capacity - Non-Denim Fabric
Million Meters Per Annum

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

6 Recently

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
	65.80%	65.80%	65.80%	65.80%	65.80%	60.81%	60.81%	38.77%	30.56%	65.64%	65.64%	65.64%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.37%	0.25%	0.00%	0.01%	0.00%	0.00%	0.01%
	2.10%	2.10%	2.10%	2.10%	2.10%	0.00%	0.00%	0.07%	1.30%	1.30%	1.30%	1.30%
	32.11%	32.10%	32.08%	32.10%	32.09%	38.81%	38.94%	61.16%	68.14%	33.07%	33.06%	33.06%
No. of Shareholders	9,634	10,014	10,566	11,439	11,303	10,439	10,181	10,202	10,252	10,341	9,898	8,241

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	38.77%	65.64%
	14.35%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.01%
	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%	33.06%
No. of Shareholders	10,144	11,437	10,938	10,564	10,395	9,545	9,787	11,439	10,202	8,241

* 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.

Click on the line-items to see the names of individual entities.

Varvee Global Ltd

Varvee Global Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

Annual reports

Credit ratings

Concalls