Varvee Global

Why is Varvee Global Ltd falling/rising?

As of 18-Aug, Varvee Global Ltd's stock price is declining, currently at 57.37, reflecting a 1.05% decrease. The stock has lost value for four consecutive days, underperforming its sector and the broader market significantly, with year-to-date and one-year declines of 20.37% and 35.83%, respectively.

As of 18-Aug, Varvee Global Ltd's stock price is falling, currently at 57.37, which reflects a decrease of 0.61 or 1.05%. The stock has been on a downward trend, having lost value for the last four consecutive days, resulting in a total decline of 5.44% during this period. Additionally, the stock has underperformed its sector by 1.82% today.<BR><BR>The stock's performance over various time frames also indicates a significant decline, with a year-to-date drop of 20.37% and a one-year decrease of 35.83%. In contrast, the broader market, represented by the Sensex, has only fallen by 9.37% over the same year-to-date period. This suggests that Varvee Global Ltd is not only declining but doing so at a rate much faster than the market.<BR><BR>Moreover, the stock is trading below its moving averages across all time frames, including the 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, which typically signals a bearish trend. Investor participation has also decreased, with delivery volume falling by 12.97% compared to the 5-day average, indicating reduced interest in the stock. Overall, these factors contribute to the ongoing decline in Varvee Global Ltd's stock price.

Which are the latest news on Varvee Global?

Who are in the management team of Varvee Global?

The management team of Varvee Global includes Vinod P Arora (Chairman & Managing Director), Ashish V Shah (Managing Director), Kalpesh V Shah and Nipun Arora (Whole-time Directors), along with several Independent Directors and a Company Secretary. They are responsible for guiding the company's strategy and operations.

The management team of Varvee Global includes the following individuals:<BR><BR>1. **Vinod P Arora** - Chairman & Managing Director<BR>2. **Ashish V Shah** - Managing Director<BR>3. **Kalpesh V Shah** - Whole-time Director<BR>4. **Nipun Arora** - Whole-time Director<BR>5. **Sanjay S Majmudar** - Independent Director<BR>6. **Ashok C Gandhi** - Independent Director<BR>7. **Amol R Dalal** - Independent Director<BR>8. **Aarti Thakkar** - Independent Director<BR>9. **Abira Mansuri** - Company Secretary & Compliance Officer<BR><BR>This team plays a crucial role in guiding the company's strategy and operations.

What does Varvee Global do?

Varvee Global Ltd manufactures and sells denim and non-denim fabrics in the Garments & Apparels industry. As of June 2026, it reported net sales of 8 Cr and a net loss of 7 Cr, with a market cap of INR 313 Cr.

Overview: <BR>Varvee Global Ltd is engaged in the manufacturing and selling of denim and non-denim fabrics within the Garments & Apparels industry and operates as a micro-cap company.<BR><BR>History: <BR>Incorporated in March 1988 as a private limited company, Aarvee Denims & Exports Limited (formerly known as Amtex India Limited) was converted into a public limited company in April 1992. The latest quarterly results reported net sales and net profit for June 2026.<BR><BR>Financial Snapshot: <BR>Most recent Net Sales: 8 Cr (Quarterly Results - Jun 2026) <BR>Most recent Net Profit: -7 Cr (Quarterly Results - Jun 2026) <BR>Market-cap value: INR 313 Cr (Micro Cap)<BR><BR>Key Metrics: <BR>P/E: N/A <BR>Industry P/E: 28 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: -0.01 <BR>Return on Equity: 16.17% <BR>Price to Book: 4.02<BR><BR>Contact Details: <BR>Address: 191 Shahwadi Nr Old Octori Nak, Narol Sarkehj Highway Ahmedabad Gujarat : 382405 <BR>Tel: 91-79-30417000/30017000 <BR>Email: grievance@aarvee-denims.com <BR>Website: http://www.aarvee-denims.com

Who are the peers of the Varvee Global?

Varvee Global's peers include DCM Nouvelle, Bella Casa Fashi, Ashima, Vardhman Polytex, Soma Textiles, Logica Infoway, Axita Cotton, Forcas Studio, and Le Merite Export. Varvee Global has an average management risk and a 1-year return of -32.34%, better than Bella Casa Fashi but worse than Soma Textiles, which has the highest return at 17.14%.

Peers: The peers of Varvee Global are DCM Nouvelle, Bella Casa Fashi, Ashima, Vardhman Polytex, Soma Textiles, Logica Infoway, Axita Cotton, Forcas Studio, and Le Merite Export.<BR><BR>Quality Snapshot: Excellent management risk is observed at Axita Cotton and Forcas Studio, while Good management risk is found at DCM Nouvelle and Logica Infoway. Average management risk is present at Bella Casa Fashi, Soma Textiles, and Varvee Global, and the rest. Below Average management risk is noted at Ashima and Le Merite Export, while Vardhman Polytex does not qualify. Growth is Excellent at Forcas Studio, Good at DCM Nouvelle and Logica Infoway, Average at Bella Casa Fashi and Soma Textiles, and Below Average at Varvee Global, Ashima, and the rest. Capital Structure is Good at Axita Cotton, Average at Bella Casa Fashi, Forcas Studio, and Le Merite Export, Below Average at DCM Nouvelle, Varvee Global, Ashima, Soma Textiles, and Logica Infoway, while Vardhman Polytex does not qualify.<BR><BR>Return Snapshot: The peer with the highest 1-year return is Soma Textiles at 17.14%, while the lowest is Bella Casa Fashi at -38.40%. Varvee Global's 1-year return is -32.34%, which is better than Bella Casa Fashi but worse than Soma Textiles. Additionally, the six-month return is negative for DCM Nouvelle, Bella Casa Fashi, Ashima, Vardhman Polytex, Soma Textiles, Logica Infoway, Axita Cotton, and Varvee Global.

How big is Varvee Global?

As of 14th August, Varvee Global Ltd has a market capitalization of 299.69 Cr and reported net sales of 564.06 Cr with a loss of 41.92 Cr over the latest four quarters. Shareholder's funds were 230.99 Cr, and total assets were valued at 842.80 Cr as of March 2020.

As of 14th August, Varvee Global Ltd has a market capitalization of 299.69 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, Varvee Global reported net sales of 564.06 Cr. However, the company experienced a loss of 41.92 Cr during the same period.<BR><BR>For the reporting period of March 2020, Varvee Global's shareholder's funds amounted to 230.99 Cr, while total assets were valued at 842.80 Cr.

When is the next results date for Varvee Global Ltd?

The next results date for Varvee Global Ltd is 12 August 2026.

The next results date for Varvee Global Ltd is scheduled for 12 August 2026.

Should I buy, sell or hold Varvee Global Ltd?

How has been the historical performance of Varvee Global?

Varvee Global has experienced a significant decline in financial performance over the past three years, with net sales dropping from 824.42 Cr in March 2018 to 564.68 Cr in March 2020, resulting in a loss of -41.93 Cr in profit after tax. Despite some improvement in cash flow from operating activities, overall profitability and key financial metrics have deteriorated.

Answer:<BR>The historical performance of Varvee Global shows a significant decline in key financial metrics over the past three years.<BR><BR>Breakdown:<BR>Varvee Global's net sales decreased from 824.42 Cr in March 2018 to 564.68 Cr in March 2020, reflecting a downward trend. Total operating income followed a similar pattern, dropping from 827.06 Cr in March 2018 to 564.68 Cr in March 2020. The company's total expenditure also decreased from 746.82 Cr in March 2018 to 530.60 Cr in March 2020, indicating cost-cutting measures. However, operating profit (PBDIT) fell sharply from 82.78 Cr in March 2018 to 35.81 Cr in March 2020, and the profit before tax turned negative at -55.53 Cr in March 2020, down from 6.38 Cr in March 2018. Consequently, profit after tax also declined significantly, resulting in a loss of -41.93 Cr in March 2020 compared to a profit of 5.61 Cr in March 2018. The company's total liabilities decreased from 918.68 Cr in March 2018 to 842.80 Cr in March 2020, while total assets also fell from 918.68 Cr to 842.80 Cr in the same period. Cash flow from operating activities improved slightly from 37.76 Cr in March 2018 to 64.00 Cr in March 2020, but cash flow from financing activities showed a negative trend, indicating challenges in securing financing. Overall, Varvee Global's financial performance has deteriorated over the years, culminating in losses and reduced profitability.

Are Aarvee Denims latest results good or bad?

Aarvee Denims' latest results are mixed; while operating profit and profit after tax have improved, net sales plummeted by 81.48%, raising concerns about revenue sustainability. The stock is rated as a 'Sell' due to these issues.

Aarvee Denims' latest financial results present a mixed picture. On one hand, the company has shown some improvement in specific areas, such as operating profit and profit before tax, both of which are the highest figures recorded in the last five quarters. Additionally, the profit after tax has increased, and earnings per share have risen, which is a positive sign for shareholders.<BR><BR>However, the overall performance is concerning due to a significant decline in net sales, which dropped by 81.48% year on year. This sharp decrease raises questions about the company's revenue-generating capabilities. Furthermore, a large portion of the profit before tax is derived from non-operating income, suggesting potential issues with the sustainability of its core business operations.<BR><BR>Given these factors, while there are some positive trends, the substantial decline in sales and reliance on non-operating income indicate that the results may not be considered good overall. The stock is currently rated as a 'Sell', reflecting the market's cautious outlook on the company's future performance.

Who are the top shareholders of the Aarvee Denims?

The top shareholders of Aarvee Denims include V. B. Investment Pvt. Ltd. with 9.01% and Jaimin Kailash Gupta with 34.2%. Individual investors hold 60.82% of shares, while promoter holdings are fully pledged at 100%, with no mutual fund or FII holdings.

The top shareholders of Aarvee Denims include V. B. Investment Pvt. Ltd., which holds 9.01% of the shares, making it the promoter with the highest holding. The highest public shareholder is Jaimin Kailash Gupta, who owns 34.2% of the shares. Additionally, individual investors collectively hold 60.82% of the company's shares. It's important to note that the promoter holdings are fully pledged at 100%, and there are currently no holdings by mutual funds or foreign institutional investors (FIIs).

Is Aarvee Denims overvalued or undervalued?

As of April 25, 2023, Aarvee Denims is rated as "risky" and overvalued with a PE ratio of 22.84 and a high Price to Book Value of 19.97, despite a strong 1-year return of 540.68%, raising concerns about its profitability and operational efficiency compared to peers.

As of 25 April 2023, Aarvee Denims has moved from a grade of "does not qualify" to "risky." The company is currently assessed as overvalued based on its financial ratios and peer comparisons. The PE ratio stands at 22.84, while the Price to Book Value is notably high at 19.97. Additionally, the EV to EBITDA ratio is -6.88, indicating potential issues with profitability.<BR><BR>In comparison to its peers, Aarvee Denims' valuation appears concerning. For instance, K P R Mill Ltd has a much higher PE ratio of 47.51, reflecting a "very expensive" valuation, while Trident, categorized as "fair," has a PE of 42.6. Furthermore, despite a strong ROE of 87.45%, the negative ROCE of -19.09% raises red flags regarding operational efficiency. Recent stock performance has significantly outpaced the Sensex, with a remarkable 1-year return of 540.68% compared to the Sensex's 7.58%, but this may not be sustainable given the current valuation metrics.

What is the technical trend for Aarvee Denims?

As of March 24, 2025, Aarvee Denims shows a mildly bullish trend supported by bullish daily moving averages and Bollinger Bands, despite mixed signals from MACD and RSI, with caution advised due to the Dow Theory indicating a mildly bearish trend.

As of 24 March 2025, the technical trend for Aarvee Denims has changed from bullish to mildly bullish. The weekly MACD is mildly bearish, while the monthly MACD remains bullish, indicating mixed signals. The RSI on the weekly shows no signal, but the monthly is bearish, suggesting weakness in momentum. Bollinger Bands are bullish on both weekly and monthly time frames, supporting the mildly bullish stance. Daily moving averages are bullish, reinforcing short-term strength. However, the Dow Theory indicates a mildly bearish trend on both weekly and monthly levels, which adds caution. Overall, the current technical stance is mildly bullish, driven primarily by the daily moving averages and the bullish Bollinger Bands, despite mixed signals from MACD and RSI.

Has Aarvee Denims declared dividend?

Aarvee Denims has declared a 5% dividend, amounting to ₹0.50 per share, with an ex-date of August 30, 2012. However, the dividend yield is 0%, as returns are primarily driven by significant price appreciation over various periods.

Aarvee Denims has declared a 5% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 5%<BR>- Amount per share: 0.5000<BR>- Ex-date: 30 Aug 12<BR><BR>Dividend Yield: 0%<BR><BR>Total Returns by Period:<BR>In the 6-month period, the price return was 72.41%, with a dividend return of 0%, resulting in a total return of 72.41%.<BR><BR>In the 1-year period, the price return was 532.06%, with a dividend return of 0%, resulting in a total return of 532.06%.<BR><BR>In the 2-year period, the price return was 598.57%, with a dividend return of 0%, resulting in a total return of 598.57%.<BR><BR>In the 3-year period, the price return was 547.68%, with a dividend return of 0%, resulting in a total return of 547.68%.<BR><BR>In the 4-year period, the price return was 540.61%, with a dividend return of 0%, resulting in a total return of 540.61%.<BR><BR>In the 5-year period, the price return was 1002.18%, with a dividend return of 0%, resulting in a total return of 1002.18%.<BR><BR>Overall, while Aarvee Denims has declared a dividend, the dividend yield remains at 0%, indicating that the returns are primarily driven by price appreciation rather than dividend income. The total returns over various periods show significant growth, particularly over the longer term.