Varvee Global

how big is Aarvee Denims?

As of Jun 06, Aarvee Denims & Exports Ltd has a market capitalization of 345.00 Cr and reported net sales of 564.06 Cr with a net profit of -41.92 Cr over the latest four quarters. Shareholder's funds are 230.99 Cr, and total assets amount to 842.80 Cr as of the latest annual period ending in Mar'20.

Market Cap: Aarvee Denims & Exports Ltd has a market capitalization of 345.00 Cr and is classified as a Micro Cap company as of Jun 06.<BR><BR>Recent Quarterly Performance: The sum of Net Sales for the latest 4 quarters, which includes data from Mar'20, Dec'19, Sep'19, and Jun'19, is 564.06 Cr. The sum of Net Profit for the same period is -41.92 Cr. This data is presented on a Consolidated basis.<BR><BR>Balance Sheet Snapshot: This is Consolidated data for the latest annual period ending in Mar'20. The Shareholder's Funds are reported at 230.99 Cr, and the Total Assets amount to 842.80 Cr.

What does Aarvee Denims do?

Aarvee Denims & Exports Ltd manufactures and sells denim and non-denim fabrics in the Garments & Apparels industry. As of March 2025, it reported net sales of 8 Cr and a net profit of -9 Cr, with a market cap of Rs 343 Cr.

Overview:<BR>Aarvee Denims & Exports Ltd is engaged in the manufacturing and selling of denim and non-denim fabrics within the Garments & Apparels industry and operates in the micro-cap market.<BR><BR>History:<BR>The company was incorporated in March 1988 as a private limited company and was converted into a public limited company in April 1992. The latest quarterly results reported net sales and net profit for March 2025.<BR><BR>Financial Snapshot:<BR>Most recent Net Sales: 8 Cr (Quarterly Results - Mar 2025) <BR>Most recent Net Profit: -9 Cr (Quarterly Results - Mar 2025) <BR>Market-cap value: Rs 343 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 22.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.00% <BR>Debt-Equity: 16.02 <BR>Return on Equity: 87.45% <BR>Price to Book: 19.09 <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

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.

Who are the peers of the Aarvee Denims?

Aarvee Denims' peers include Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Manomay Tex Indi, Shiva Texyarn, Zodiac Cloth. Co, and Bhatia Communic. K P R Mill Ltd shows excellent management and growth, while Aarvee Denims has below average management risk and growth, but a notably high 1-year return of 462.29%.

Peers: The peers of Aarvee Denims are Trent, Page Industries, K P R Mill Ltd, Vedant Fashions, Trident, Manomay Tex Indi, Shiva Texyarn, Zodiac Cloth. Co, and Bhatia Communic.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent and Average management risk is present at Manomay Tex Indi and Bhatia Communic. Below Average management risk is noted for Aarvee Denims, Shiva Texyarn, and Zodiac Cloth. Co. Growth is Excellent for K P R Mill Ltd, while Good growth is seen at Trent and Bhatia Communic. Below Average growth is reported for Page Industries, Vedant Fashions, Trident, Aarvee Denims, Manomay Tex Indi, Shiva Texyarn, and Zodiac Cloth. Co. Capital Structure is Excellent for K P R Mill Ltd and Page Industries, while Good capital structure is noted for Trident, and Below Average capital structure is found at Aarvee Denims, Manomay Tex Indi, Shiva Texyarn, Zodiac Cloth. Co, and Bhatia Communic.<BR><BR>Return Snapshot: K P R Mill Ltd has the highest 1-year return at 41.29%, while Vedant Fashions has the lowest at -24.55%. Aarvee Denims has a significantly higher 1-year return of 462.29%. Additionally, Vedant Fashions, Trident, Manomay Tex Indi, Bhatia Communic, and Super Sales Ind. all have negative six-month returns.

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.

Who are in the management team of Aarvee Denims?

As of March 2022, the management team of Aarvee Denims 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 oversee the company's operations and strategic direction.

As of March 2022, the management team of Aarvee Denims 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 is responsible for overseeing the company's operations and strategic direction.

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).

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.

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.

When is the next results date for Varvee Global Ltd?

The next results date for Varvee Global Ltd is 13 February 2026.

The next results date for Varvee Global Ltd is scheduled for 13 February 2026.

Should I buy, sell or hold Varvee Global Ltd?

Why is Varvee Global Ltd falling/rising?

As of 04-Mar, Varvee Global Ltd's stock price is Rs 58.46, down 14.93%, with significant declines over various periods and underperformance compared to the Sensex. The stock is trading below all major moving averages and is near its 52-week low, indicating a bearish trend despite increased investor participation.

As of 04-Mar, Varvee Global Ltd's stock price is falling, currently at Rs 58.46, which reflects a decrease of Rs 10.26 or 14.93%. This decline is evident in the stock's performance over various periods, with a 1-week drop of 10.99% and a 1-month decrease of 14.44%. Year-to-date, the stock has fallen by 18.86%, significantly underperforming compared to the Sensex, which has only declined by 7.16% in the same timeframe.<BR><BR>Today's trading activity indicates that the stock has underperformed its sector by 13.4%, and it has touched an intraday low of Rs 58.46. Additionally, the stock is trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, suggesting a bearish trend. The stock's volatility is high, with an intraday volatility of 7.06%, indicating significant price fluctuations throughout the day.<BR><BR>Despite a notable increase in investor participation, with delivery volume rising by 220.78% against the 5-day average, the overall sentiment remains negative as the stock is close to its 52-week low, just 3.31% away from Rs 56.525. This combination of factors contributes to the ongoing decline in Varvee Global Ltd's stock price.

Which are the latest news on Varvee Global?