Varvee Global Ltd
VGL NSE
Varvee Global Ltd
Consumer DiscretionaryNSE: VGL BSE: 514274 Textiles & Apparels
Key Fundamentals
MicrocapCotton/BlendedTextilesMarket Cap
₹285 Cr
Volatility
Low Risk
P/E Ratio
-14.7
EBITDA
₹35.80 Cr
Return on Equity
-18.15%
Debt to Equity
0.04
Book Value
₹14.95
52W High
₹98.48
52W Low
₹43.7
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Varvee Global Ltd insights
47 extracted metrics + investor summaries across FY15–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
4- Company has reduced debt.
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 196 to 92.7 days.
Weaknesses
5- Stock is trading at 3.75 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.13.6 Cr.
Growth Rate
Revenue Growth
-24.91% ↘
Net Income Growth
-3909.09% ↘
Cash Flow Change
27.70% ↗
ROE
-4637.50% ↘
ROCE
-105.55% ↘
EBITDA Margin (Avg.)
-43.92% ↘
Quarterly Results
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 10.37 | 24.81 | 25.55 | 24 | 13.53 | 15.48 | 5.94 | 7.5 | -0.55 | 27.83 | 12.14 | 23.38 | 8.26 |
| Expenses | 20.9 | 30.97 | 34.72 | 29.26 | 24.46 | 20.16 | 28.55 | 59.2 | 0.56 | 13.98 | 13.62 | 29.27 | 15.12 |
| Operating Profit | -10.53 | -6.16 | -9.17 | -5.26 | -10.93 | -4.68 | -22.61 | -51.7 | -1.11 | 13.85 | -1.48 | -5.89 | -6.86 |
| OPM % | -101.54% | -24.83% | -35.89% | -21.92% | -80.78% | -30.23% | -380.64% | -689.33% | — | 49.77% | -12.19% | -25.19% | -83.05% |
| Other Income | 0.17 | 2.39 | 3.37 | 0.58 | 45.1 | 34.25 | 22.63 | 37.94 | 6.82 | 6.49 | 21.64 | -15.18 | 0.63 |
| Interest | 10.46 | 11.74 | 7.69 | 6.76 | 5.33 | 3.81 | 2.49 | 1.21 | 1.43 | 0 | 0 | 0 | 0.01 |
| Depreciation | 6.2 | 2.75 | 1.63 | 1.12 | 1.11 | 1.12 | 0.97 | 1.15 | 1 | 1.53 | 1.22 | 1.57 | 0.63 |
| PBT | -27.02 | -18.26 | -15.12 | -12.56 | 27.73 | 24.64 | -3.44 | -16.12 | 3.28 | 18.81 | 18.94 | -22.64 | -6.87 |
| Tax % | -31.2% | -28.97% | -56.35% | -48.57% | 18.54% | 66.48% | 102.03% | -44.98% | -676.52% | 45.67% | 71.81% | 26.28% | -4.51% |
| Net Profit | -18.59 | -12.97 | -6.6 | -6.46 | 22.58 | 8.27 | -6.94 | -8.87 | 25.48 | 10.21 | 5.35 | -28.59 | -6.56 |
| EPS in Rs | -3.96 | -2.77 | -1.41 | -1.38 | 4.81 | 1.76 | -1.48 | -1.89 | 4.95 | 1.98 | 1.04 | -5.55 | -1.27 |
Profit & Loss
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 746 | 841 | 844 | 827 | 752 | 565 | 265 | 421 | 261 | 85 | 42 | 63 | 72 |
| Expenses | 679 | 764 | 772 | 747 | 669 | 529 | 285 | 431 | 289 | 113 | 122 | 57 | 72 |
| Operating Profit | 66 | 77 | 72 | 80 | 82 | 36 | -20 | -10 | -28 | -29 | -80 | 5 | 0 |
| OPM % | 9% | 9% | 9% | 10% | 11% | 6% | -7% | -2.5% | -11% | -34% | -189% | 9% | -0.5% |
| Other Income | 3 | -1 | 2 | 3 | 3 | 0 | 12 | 25 | 7 | 4 | 130 | 20 | 14 |
| Interest | 35 | 37 | 38 | 43 | 49 | 53 | 51 | 43 | 46 | 37 | 13 | 1 | 0 |
| Depreciation | 31 | 31 | 33 | 33 | 34 | 38 | 28 | 25 | 25 | 12 | 4 | 5 | 5 |
| PBT | 3 | 8 | 3 | 6 | 2 | -56 | -87 | -54 | -92 | -73 | 33 | 18 | 8 |
| Tax % | 95% | 17% | 35% | 12% | 37% | -24% | -27% | -24% | -30% | -39% | 43% | 32% | — |
| Net Profit | 0 | 7 | 2 | 6 | 1 | -42 | -64 | -41 | -65 | -45 | 19 | 12 | -20 |
| EPS in Rs | 0.04 | 1.5 | 0.38 | 1.2 | 0.23 | -8.94 | -13.69 | -8.83 | -13.87 | -9.51 | 3.95 | 2.42 | -3.8 |
| Div. Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | — |
Balance Sheet
| 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 |
| Borrowings | 370 | 382 | 355 | 379 | 434 | 419 | 433 | 413 | 397 | 278 | 94 | 3 |
| Other Liabilities | 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 |
| Fixed Assets | 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 |
| Other Assets | 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 Flow
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 47 | 75 | 110 | 38 | 51 | 65 | 45 | 13 | 40 | 110 | 27 | 5 |
| Investing | -11 | -38 | -50 | -19 | -53 | 5 | 9 | 47 | 13 | 46 | 182 | 28 |
| Financing | -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
| 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% |
Documents
1
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. 30 Apr - Varvee Global confirms it is not a Large Corporate under SEBI debt fundraising framework.
2
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. 30 Apr - Varvee Global confirms it is not a Large Corporate under SEBI debt fundraising framework.
3
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
13 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026. 13 Apr - Submitted Regulation 74(5) certificate for quarter ended 31 March 2026.
4
Announcement Under Regulation 30 LODR- Clarification On Price Movement
8 Apr - Varvee Global clarifies no undisclosed price-sensitive information behind recent share price movement. 8 Apr - Varvee Global clarifies no undisclosed price-sensitive information behind recent share price movement.
5
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. 2 Apr - CFO Jignesh Parmar resigned on 2 Apr 2026; last working day is 30 Apr 2026.
Frequently Asked Questions about Varvee Global Ltd
What does Varvee Global Ltd do?
Incorporated in 1988, Aarvee Denims and Exports Ltd manufactures and sells denim and non denim Fabrics
Where is Varvee Global Ltd (VGL) listed?
Varvee Global Ltd is listed on the Indian stock exchanges. It is listed on NSE: VGL and BSE: 514274. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Varvee Global Ltd belong to?
Varvee Global Ltd operates in the Consumer Discretionary sector within the Textiles & Apparels industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Varvee Global Ltd?
Varvee Global Ltd has a market capitalisation of approximately ₹284.95 Cr. Based on this, it is classified as a Small Cap stock.
What is the PE ratio of Varvee Global Ltd?
The Price-to-Earnings (PE) ratio of Varvee Global Ltd is -14.70. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Varvee Global Ltd?
Over the past 52 weeks, Varvee Global Ltd has traded between a low of ₹43.7 and a high of ₹98.48. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Varvee Global Ltd?
Varvee Global Ltd has a Return on Equity (ROE) of -18.15%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Varvee Global Ltd on Tapetide?
On Tapetide, you can view Varvee Global Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
Incorporated in 1988, Aarvee Denims and Exports Ltd manufactures and sells denim and non denim Fabrics