Varvee Global Ltd
NSE: VGL BSE: 514274
Incorporated in 1988, Aarvee Denims and Exports Ltd manufactures and sells denim and non denim Fabrics
₹60.2
52W: ₹43.7 — ₹98.5
PE 9.76 · Book ₹19.9 · +203% vs bookMarket Cap₹314 Cr
Stock P/E9.76Price to Earnings
ROCE37.3%Return on Capital
ROE348%Return on Equity
Div. Yield0%Face Value ₹5
Strengths
- +Company has reduced debt.
- +Company is expected to give good quarter
- +Debtor days have improved from 223 to 66.7 days.
Weaknesses
- −Stock is trading at 3.03 times its book value
- −The company has delivered a poor sales growth of -40.4% over past five years.
- −Company has a low return on equity of -128% over last 3 years.
- −Earnings include an other income of Rs.72.9 Cr.
Shareholding Pattern
Promoters65.64%
FIIs0.01%
DIIs1.3%
Public33.06%
| Category | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 65.8% | 60.81%▼5.0 | 60.81% | 38.77%▼22.0 | 30.56%▼8.2 | 65.64%▲35.1 | 65.64% | 65.64% |
| FIIs | 0% | 0.37%▲0.4 | 0.25%▼0.1 | 0%▼0.3 | 0.01%▲0.0 | 0%▼0.0 | 0% | 0.01%▲0.0 |
| DIIs | 2.1% | 0%▼2.1 | 0% | 0.07%▲0.1 | 1.3%▲1.2 | 1.3% | 1.3% | 1.3% |
| Public | 32.09% | 38.81%▲6.7 | 38.94%▲0.1 | 61.16%▲22.2 | 68.14%▲7.0 | 33.07%▼35.1 | 33.06%▼0.0 | 33.06% |
Financial Statements
| Metric | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 24.81 | 25.55 | 24 | 13.53 | 15.48 | 5.94 | 7.5 | -0.55 | 27.83 | 12.14 |
| Expenses | 30.97 | 34.72 | 29.26 | 24.46 | 20.16 | 28.55 | 59.2 | 0.56 | 13.98 | 13.62 |
| Operating Profit | -6.16 | -9.17 | -5.26 | -10.93 | -4.68 | -22.61 | -51.7 | -1.11 | 13.85 | -1.48 |
| OPM % | -24.83% | -35.89% | -21.92% | -80.78% | -30.23% | -380.64% | -689.33% | 0% | 49.77% | -12.19% |
| Net Profit | -12.97 | -6.6 | -6.46 | 22.58 | 8.27 | -6.94 | -8.87 | 25.48 | 10.21 | 5.35 |
| EPS ₹ | -2.77 | -1.41 | -1.38 | 4.81 | 1.76 | -1.48 | -1.89 | 4.95 | 1.98 | 1.04 |
AI Insights
Revenue Trend
TTM revenue at ₹47Cr, up 11.9% YoY. OPM at -86%.
Debt Position
Borrowings at ₹28Cr. Debt-to-equity ratio: 0.36x. Healthy balance sheet.
Institutional Flow
DIIs: 1.3% (-0.80pp change). FIIs: 0.01% (+0.01pp change). Promoters hold 65.64%.
Margin & Efficiency
ROCE declining from 7% (Mar 2014) to -37% (Mar 2025). Working capital days: -886.
Valuation
PE 9.76x with 37.3% ROCE. Price is 203% above book value of ₹19.9. Dividend yield: 0%.
Recent Announcements
- Declaration With Respect To Non-Applicability Of Large Entity Framework 30 Apr - Varvee Global confirms it is not a Large Corporate under SEBI debt fundraising framework.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 13 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
- Announcement Under Regulation 30 LODR- Clarification On Price Movement 8 Apr - Varvee Global clarifies no undisclosed price-sensitive information behind recent share price movement.
- Clarification Sought from Varvee Global Ltd 8 Apr - Exchange has sought clarification from Varvee Global Ltd on April 8, 2026 with reference to significant movement in price, in order to ensure that investors …
- Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 2 Apr - CFO Jignesh Parmar resigned on 2 Apr 2026; last working day is 30 Apr 2026.
- Financial Year 2025 from bse
- Financial Year 2024 from bse
- Financial Year 2023 from bse