About
Varvee Global Limited engages in the manufacture and sale of fabrics in India and internationally. The company offers ring, shirting, printed, stretch, satin, high fashion, and flat finish denims, as well as other denims. It also offers non denim, poplin, suiting, and shirting fabrics, as well as cotton yarns and fibers. The company was formerly known as Aarvee Denims and Exports Ltd. and changed its name to Varvee Global Limited in August 2025. Varvee Global Limited was incorporated in 1988 and is headquartered in Ahmedabad, India.
Key Metrics
as of Sep 2026Market Cap282 Cr
P/E—
Div Yield0.00 %
Book Value₹49.20
52w High₹94.00
52w Low₹43.70
Face Value₹5.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Mar 2020 | Dec 2019 | Sep 2019 | Jun 2019 | Mar 2019 | Dec 2018 | Sep 2018 | Jun 2018 |
|---|---|---|---|---|---|---|---|---|
| Sales | 117.93 | 110.94 | 168.07 | 167.74 | 180.54 | 176.70 | 177.67 | 216.64 |
| Expenses | 100.34 | 97.08 | 161.90 | 171.28 | 157.43 | 155.66 | 158.66 | 197.60 |
| Operating Profit | 17.59 | 13.86 | 6.17 | -3.54 | 23.11 | 21.04 | 19.01 | 19.04 |
| OPM % | 14.92 | 12.49 | 3.67 | -2.11 | 12.80 | 11.91 | 10.70 | 8.79 |
| Other Income | 0.33 | 0.62 | 0.40 | 0.38 | 0.43 | 0.25 | 0.93 | 1.19 |
| Depreciation | 9.62 | 9.59 | 9.58 | 9.56 | 9.38 | 8.35 | 8.29 | 7.96 |
| Interest | 14.44 | 12.89 | 13.20 | 12.45 | 14.10 | 12.48 | 11.33 | 11.38 |
| Profit before tax | -6.14 | -8.00 | -16.21 | -25.17 | 0.06 | 0.46 | 0.32 | 0.89 |
| Tax % | -228.34 | 2.38 | 2.65 | -0.83 | -550.00 | 30.43 | 162.50 | 35.96 |
| Net Profit | 7.88 | -8.19 | -16.64 | -24.97 | 0.40 | 0.32 | -0.20 | 0.57 |
| EPS in Rs | 1.68 | -1.75 | -3.55 | -5.32 | 0.09 | 0.07 | -0.04 | 0.12 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|
| Sales | 565.00 | 752.00 | 827.00 |
| Expenses | 529.00 | 669.00 | 747.00 |
| Operating Profit | 36.00 | 82.00 | 80.00 |
| OPM % | 6.00 | 11.00 | 10.00 |
| Other Income | 0.00 | 3.00 | 3.00 |
| Interest | 53.00 | 49.00 | 43.00 |
| Depreciation | 38.00 | 34.00 | 33.00 |
| Profit before tax | -56.00 | 2.00 | 6.00 |
| Tax % | -24.00 | 37.00 | 12.00 |
| Net Profit | -42.00 | 1.00 | 6.00 |
| EPS in Rs | -8.94 | 0.23 | 1.20 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|
| Equity Capital | 23.00 | 23.00 | 23.00 |
| Reserves | 208.00 | 250.00 | 248.00 |
| Borrowings | 419.00 | 434.00 | 379.00 |
| Other Liabilities | 193.00 | 241.00 | 268.00 |
| Total Liabilities | 843.00 | 949.00 | 919.00 |
| Fixed Assets | 350.00 | 389.00 | 363.00 |
| CWIP | 0.00 | 0.00 | 0.00 |
| Investments | 0.00 | 0.00 | 0.00 |
| Other Assets | 492.00 | 560.00 | 556.00 |
| Total Assets | 843.00 | 949.00 | 919.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|
| Cash from Operating Activity | 65.00 | 51.00 | 38.00 |
| Cash from Investing Activity | 5.00 | -53.00 | -19.00 |
| Cash from Financing Activity | -70.00 | 3.00 | -19.00 |
| Net Cash Flow | -1.00 | 0.00 | 0.00 |
| Free Cash Flow | 63.00 | -10.00 | 22.00 |
| CFO/OP % | 181.00 | 63.00 | 48.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2020 | Mar 2019 | Mar 2018 |
|---|---|---|---|
| Debtor Days | 152.00 | 140.00 | 130.00 |
| Inventory Days | 234.00 | 189.00 | 146.00 |
| Days Payable | 167.00 | 167.00 | 151.00 |
| Cash Conversion Cycle | 219.00 | 161.00 | 125.00 |
| Working Capital Days | 200.00 | 16.00 | 1.00 |
| ROCE % | 0.00 | 8.00 | — |
Corporate Actions
18 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Split | 02 Mar 2026 | 02 Mar 2026 | 10:5 | — | |
| Other | 22 Sep 2023 | — | — | — | Annual General Meeting |
| Other | 24 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 30 Aug 2017 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2016 | — | — | — | Annual General Meeting |
| Other | 16 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2013 | — | — | — | Annual General Meeting |
| Dividend | 30 Aug 2012 | — | — | 0.50 | |
| Other | 19 Sep 2011 | — | — | — | Annual General Meeting |
| Dividend | 23 Sep 2010 | — | — | 0.50 | |
| Dividend | 25 Aug 2010 | 26 Aug 2010 | — | 0.50 | |
| Dividend | 30 Oct 2009 | 03 Nov 2009 | — | 0.50 | |
| Other | 17 Sep 2009 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2008 | — | — | — | Annual General Meeting |
| Dividend | 20 Sep 2007 | — | — | 0.50 | NSE/BSE dividend mismatch: NSE=0.25; BSE=0.5 |
| Dividend | 20 Sep 2007 | — | — | 0.25 | NSE/BSE dividend mismatch: NSE=0.25; BSE=0.5 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update28 Jan from fitch
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Rating update10 Apr 2025 from fitch
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Rating update2 Sep 2024 from infomerics
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Rating update4 Jul 2024 from brickwork
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Rating update17 Apr 2024 from fitch
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Rating update5 Jul 2023 from infomerics