Varvee Global Ltd

₹ 53.2 -6.74%

23 Mar 3:31 p.m.

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 ₹ 274 Cr.
Current Price ₹ 53.2
High / Low ₹ 98.5 / 53.2
Stock P/E
Book Value ₹ 49.2
Dividend Yield 0.00 %
ROCE -0.11 %
ROE -15.9 %
Face Value ₹ 5.00

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Pros

Stock is trading at 1.14 times its book value

Cons

Company has low interest coverage ratio.
Company has a low return on equity of -4.21% over last 3 years.
Company has high debtors of 152 days.
Working capital days have increased from 72.0 days to 200 days

* 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

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2018	Sep 2018	Dec 2018	Mar 2019	Jun 2019	Sep 2019	Dec 2019	Mar 2020
	216.64	177.67	176.70	180.54	167.74	168.07	110.94	117.93
	197.60	158.66	155.66	157.43	171.28	161.90	97.08	100.34
Operating Profit	19.04	19.01	21.04	23.11	-3.54	6.17	13.86	17.59
OPM %	8.79%	10.70%	11.91%	12.80%	-2.11%	3.67%	12.49%	14.92%
	1.19	0.93	0.25	0.43	0.38	0.40	0.62	0.33
Interest	11.38	11.33	12.48	14.10	12.45	13.20	12.89	14.44
Depreciation	7.96	8.29	8.35	9.38	9.56	9.58	9.59	9.62
Profit before tax	0.89	0.32	0.46	0.06	-25.17	-16.21	-8.00	-6.14
Tax %	35.96%	162.50%	30.43%	-550.00%	-0.83%	2.65%	2.38%	-228.34%
	0.57	-0.20	0.32	0.40	-24.97	-16.64	-8.19	7.88
EPS in Rs	0.12	-0.04	0.07	0.09	-5.32	-3.55	-1.75	1.68
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020
	827	752	565
	747	669	529
Operating Profit	80	82	36
OPM %	10%	11%	6%
	3	3	-0
Interest	43	49	53
Depreciation	33	34	38
Profit before tax	6	2	-56
Tax %	12%	37%	-24%
	6	1	-42
EPS in Rs	1.20	0.23	-8.94
Dividend Payout %	0%	0%	0%

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

Compounded Profit Growth
10 Years:	%
5 Years:	%
3 Years:	%
TTM:	-3781%

Stock Price CAGR
10 Years:	8%
5 Years:	46%
3 Years:	83%
1 Year:	-21%

Return on Equity
10 Years:	%
5 Years:	%
3 Years:	-4%
Last Year:	-16%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020
Equity Capital	23	23	23
Reserves	248	250	208
	379	434	419
	268	241	193
Total Liabilities	919	949	843
	363	389	350
CWIP	0	0	0
Investments	0	0	0
	556	560	492
Total Assets	919	949	843

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020
	38	51	65
	-19	-53	5
	-19	3	-70
Net Cash Flow	0	0	-1

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2018	Mar 2019	Mar 2020
Debtor Days	130	140	152
Inventory Days	146	189	234
Days Payable	151	167	167
Cash Conversion Cycle	125	161	219
Working Capital Days	1	16	200
ROCE %		8%	-0%

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 ・Standalone data

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

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Permanent Employees
Number ・Standalone data

Electricity Consumption for Fabric Production
KWH per Meter ・Standalone data

Electricity Consumption for Yarn Production
KWH per Kg ・Standalone data

Revenue from Job Charges (Operational Intensity Proxy)
₹ Lacs ・Standalone data

Wind Energy Generation Capacity
MW ・Standalone data

Installed Capacity - Denim Fabric
Million Meters Per Annum ・Standalone data

Installed Capacity - Non-Denim Fabric
Million Meters Per Annum ・Standalone data

Shareholding Pattern

Numbers in percentages

	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
	65.80%	65.80%	65.80%	65.80%	65.80%	65.80%	60.81%	60.81%	38.77%	30.56%	65.64%	65.64%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.37%	0.25%	0.00%	0.01%	0.00%	0.00%
	2.10%	2.10%	2.10%	2.10%	2.10%	2.10%	0.00%	0.00%	0.07%	1.30%	1.30%	1.30%
	32.11%	32.11%	32.10%	32.08%	32.10%	32.09%	38.81%	38.94%	61.16%	68.14%	33.07%	33.06%
No. of Shareholders	9,787	9,634	10,014	10,566	11,439	11,303	10,439	10,181	10,202	10,252	10,341	9,898

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Dec 2025
	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%	0.00%
	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%	33.06%
No. of Shareholders	10,144	11,437	10,938	10,564	10,395	9,545	9,787	11,439	10,202	9,898

* 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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Varvee Global Ltd

Varvee Global Ltd

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Cash Flows

Ratios

Insights

Shareholding Pattern

Documents

Announcements

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