Varvee Global
- Market cap
- ₹ 254 Cr.
- P/E
- 20.3x
- P/B
- 3.76x
- 52-week range
- 43.7 – 84.75
- ROE
- 18%
- ROCE
- 17%
- Dividend yield
- 0%
- Debt / equity
- 0.04
- Sector
- Textiles & Apparels
- Industry
- Other Textile Products
- Listed on
- NSE, BSE
About
Varvee Global Limited, formerly Aarvee Denims and Exports Limited, is an India-based company. The Company is engaged in the manufacturing and selling of denim and non-denim fabrics. It has two reportable segments, namely Textile and Windmill. The Company has its integrated production of yarn, which includes a capacity of approximately 39,000 metric tons/annum; denim fabric, which has over 85 million meters/annum; non-denim bottom wear fabric, which has approximately 18 million meters/annum. The Company has three divisions, namely Cotton Fiber, Yarn, and Fabrics. Its Yarn division includes Texturized Yarn and Cotton Yarn. The Company has its own yarn manufacturing capacity for catering to the in-house denim and non-denim bottom wear production. The Company caters to both domestic and international markets.
Quick check
The five things to look at first. Open one for more.
Compared with its industry
Other Textile Products: 275 companies →Varvee Global against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.
- Valuation (P/E)20.3 against a typical 16.3: pricier than most peers (1st = cheapest).152nd of 268
- Sales growth−29.5% against a typical +6.7% from a year earlier.193rd of 234
- Profit growth−33.5% against a typical +12.9% from a year earlier.114th of 166
- Share price, 3 months−11.4% against a typical −4%.156th of 240
- Size₹ 254 Cr. market value against a typical ₹ 58.7 Cr. (1st = largest).60th of 256
Latest announcements
Exchange filings and their impact on the company.
- Core textile slump and near-zero H1 profit with cash burn, propped by asset sales and temporary rent.
Varvee Global reported Q2 FY27 revenue of Rs 19.6 crore and net profit of Rs 6.8 crore, taking H1 revenue to Rs 27.9 crore and net profit to just Rs 0.23 crore. The company said it had no finished goods production and is now doing job work, trading, leasing and digital marketing, with profits helped by land and machinery sales and temporary factory rent. Operating cash flow was negative Rs 18.3 crore in H1 and borrowings rose, indicating continued pressure on the core textile business.
Credit ratings
Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates
No up-to-date rating
| Agency | Current rating | Outlook | As of |
|---|---|---|---|
| Brickwork | Withdrawn | — | 23 Sep 2026 |
| India Ratings | Withdrawn | Positive | 28 Jan 2026 |
| Infomerics | Withdrawn | — | 31 Dec 2025 |
Every agency has withdrawn its rating.
| Rating | Details | |||||
|---|---|---|---|---|---|---|
| 23 Sep 2026 | Withdrawn | — | — | Brickwork | ₹ 311.97 Cr. | |
| 19 Aug 2026 | Reaffirmed | BWR D | — | Brickwork | ₹ 311.97 Cr. | |
| 28 Jan 2026 | Withdrawn | was IND BB | — | India Ratings | ₹ 95 Cr. | |
| 31 Dec 2025 | Withdrawn | — | — | Infomerics | — | |
| 15 Oct 2025 | Reaffirmed | IVR D/INC | — | Infomerics | ₹ 197.02 Cr. |
Board meetings
Results dates and other board meetings. Full calendar
| Details | ||
|---|---|---|
| 22 Oct 2026 | Financial Results/Other business matters | To consider and approve the financial results for the period ended September 30, 2026 and other business matters |
| 25 Sep 2026 | Stock Split | To consider stock split of equity shares |
| 12 Aug 2026 | Financial Results | To consider and approve the financial results for the period ended Jun 30, 2026 |
| 27 May 2026 | Financial Results | To consider and approve the financial results for the period ended March 31, 2026 |
| 13 Feb 2026 | Financial Results | To consider and approve the financial results for the period ended December 31, 2025 |
| 16 Jan 2026 | Stock Split | To consider stock split of equity shares |
Financials
Consolidated figures in ₹ crore.
| ₹ Cr. | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 26 | 24 | 14 | 15 | 6 | 8 | −1 | 28 | 12 | 23 | 8 | 20 |
| Expenses | 35 | 29 | 24 | 20 | 29 | 59 | 1 | 14 | 14 | 29 | 15 | 17 |
| Operating Profit | −9 | −5 | −11 | −5 | −23 | −52 | −1 | 14 | −1 | −6 | −7 | 3 |
| OPM % | −35.9% | −21.9% | −80.8% | −30.2% | −380.6% | −689.3% | — | 49.8% | −12.2% | −25.2% | −83.1% | 14.5% |
| Other Income | 3 | 1 | 45 | 34 | 23 | 38 | 7 | 6 | 22 | −15 | 1 | 8 |
| Interest | 8 | 7 | 5 | 4 | 2 | 1 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 2 | 1 | 1 |
| Profit before tax | −15 | −13 | 28 | 25 | −3 | −16 | 3 | 19 | 19 | −23 | −7 | 10 |
| Tax % | −56.4% | −48.6% | 18.5% | 66.5% | 102% | −45% | −676.5% | 45.7% | 71.8% | 26.3% | −4.5% | 34% |
| Net Profit | −7 | −6 | 23 | 8 | −7 | −9 | 25 | 10 | 5 | −29 | −7 | 7 |
| EPS in Rs | −1.41 | −1.38 | 4.81 | 1.76 | −1.48 | −1.89 | 4.95 | 1.98 | 1.04 | −5.55 | −1.27 | 1.32 |
Growth and returns
Compounded yearly rates over each period.
- 10 Years
- −23%
- 5 Years
- −25%
- 3 Years
- −38%
- TTM
- 56%
- 10 Years
- 0%
- 5 Years
- 17%
- 3 Years
- 29%
- TTM
- −216%
- 10 Years
- 1%
- 5 Years
- 30%
- 3 Years
- 62%
- TTM
- —
- 10 Years
- −23%
- 5 Years
- −73%
- 3 Years
- −128%
- TTM
- —
P/E and EPS over time
Daily P/E and trailing 12-month EPS. EPS updates with each result.
Peers
Listed companies in the same business.
| Varvee Global | ₹ 54.10 | ₹ 254 Cr. | 20.3x | 3.8x | 18% | — |
| Arvind | ₹ 482.00 | ₹ 13,095 Cr. | 33x | 3.5x | 10.6% | 4.6% |
| Trident | ₹ 20.48 | ₹ 10,437 Cr. | 34.3x | 2.7x | 8% | 5.6% |
| Garware Technical Fibres | ₹ 740.25 | ₹ 7,202 Cr. | 35.8x | 5.6x | 16.4% | 13.9% |
| Filatex India | ₹ 91.60 | ₹ 4,068 Cr. | 17.3x | 2.1x | 12.9% | 4.4% |
| Nitin Spinners | ₹ 602.30 | ₹ 3,386 Cr. | 17.4x | 2.1x | 12.8% | 5.5% |
Management
- Jaimin Kailash Gupta
- Chairman of the Board, Managing Director
- Abira Mansuri
- Chief Compliance Officer, Company Secretary
- Pankajbhai V. Arora
- Vice President - Marketing
- Pankilbhai K. Shah
- Vice President - Garment
- Tarachand Gangasahay Agrawal
- Additional Whole-Time Director
Prices are delayed and for information only. Nothing on this page is investment advice.