Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹299 Cr.
Stock P/E
24
P/B
—
Current Price
₹58
Book Value
₹ 0
Face Value
5
52W High
₹84.1
52W Low
₹ 44.3
Dividend Yield
0%

Varvee Global Overview

Business

Varvee Global Ltd. (VGL) is an Indian company operating in the textile sector, specifically focused on textile weaving. The company's core business involves manufacturing woven fabrics from various yarns. It primarily functions as a business-to-business (B2B) supplier, producing fabrics that are then sold to downstream customers such as garment manufacturers, home textile producers, or industrial textile makers. Revenue generation is directly tied to the volume and value of woven fabrics sold to these customers.

Revenue Mix

Specific segment breakdowns and revenue contributions are not provided. However, a typical textile weaving company's revenue mix could be diversified by:

Fabric Type: e.g., cotton, synthetic blends, denim, specialized fabrics.

End-Use Application: e.g., fabrics for apparel, home furnishings (bed linen, curtains), industrial textiles.

Geographical Sales: Domestic vs. export markets.

Without specific data, it is not possible to detail VGL's particular revenue mix.

Industry

The Indian textile weaving industry is a significant component of the country's overall textile value chain. It is characterized by a mix of organized large-scale integrated mills and a large number of fragmented small and medium enterprises. The industry is highly dependent on raw material availability (e.g., cotton, synthetic fibers) and is subject to demand fluctuations from the apparel and home textile sectors.

Without specific market share, production capacity, or customer base data, VGL's exact positioning relative to its peers cannot be determined. It could range from a niche player specializing in certain fabrics, a mass producer for standard goods, or a quality-focused supplier to premium brands.

MOAT

Without specific company details, it's challenging to identify VGL's unique competitive advantages. Potential moats in the textile weaving industry can include:

Cost Leadership: Achieving superior operational efficiency, economies of scale, and efficient supply chain management to produce fabrics at a lower cost.

Product Differentiation: Specialization in niche fabrics, technical textiles, unique designs, or superior quality that commands higher prices.

Strong Customer Relationships: Long-standing partnerships and reliable supply agreements with major garment manufacturers or brands.

Backward/Forward Integration: Owning parts of the value chain (e.g., spinning, processing) to control quality and cost.

The presence and strength of such advantages for VGL are unknown.

Growth Drivers

Key factors that could drive growth for VGL over the next 3-5 years include:

Increasing Domestic Consumption: Rising disposable incomes and population growth in India leading to higher demand for apparel and home textiles.

Government Initiatives: Favorable policies like production-linked incentive (PLI) schemes for textiles, creation of textile parks, and export promotion schemes.

Export Opportunities: Global shifts in manufacturing supply chains ("China+1" strategy) potentially redirecting orders to Indian textile manufacturers.

Modernization & Technology Adoption: Investment in advanced weaving machinery for higher efficiency, better quality, and production of specialized fabrics.

Product Diversification: Expanding into higher-value or technical textiles segments.

Risks

VGL faces several risks inherent to the textile weaving industry:

Raw Material Price Volatility: Fluctuations in the prices of cotton, synthetic fibers, and other yarn types can significantly impact production costs and profitability.

Intense Competition: High domestic and international competition from other weaving mills can put pressure on pricing and margins.

Input Cost Inflation: Rising energy costs, labor wages, and other operational expenses can erode profitability.

Demand Fluctuations: Economic downturns, changes in fashion trends, or reduced consumer spending can lead to lower orders and excess inventory.

Regulatory & Environmental Compliance: Evolving environmental norms regarding water usage, waste disposal, and chemical handling can increase operational costs.

Global Trade Policies: Changes in tariffs, quotas, or trade agreements can impact export competitiveness.

Management & Ownership

Specific details about VGL's promoters, management team, and ownership structure are not provided. In India, many textile companies are promoter-driven, often with family ownership playing a significant role. The quality of management is critical for navigating industry cycles, investing in technology, and building strong customer relationships. Ownership typically involves a promoter group holding a majority stake, with the remaining shares held by institutional investors and the public.

Outlook

The outlook for Varvee Global Ltd. is likely tied to broader trends in the Indian and global textile industry. A potential bullish scenario involves VGL capitalizing on India's growing domestic market and benefiting from government support for textile manufacturing and exports. Efficient operations, timely adoption of new technologies, and strong customer relationships could enable it to capture market share and improve profitability.

Conversely, a bearish scenario could see VGL struggling with intense competition, volatility in raw material prices, and rising input costs. A slowdown in consumer demand or adverse changes in global trade policies could also negatively impact its performance. The company's ability to innovate, manage costs effectively, and adapt to evolving market demands will be crucial for its future performance.

Varvee Global Share Price

Live · BSE / NSE · Inception: 1988
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Varvee Global Quarterly Results

#(Fig in Cr.) Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020
Net Sales 217 178 177 181 168 168 111 118
Other Income 1 1 0 0 0 0 1 0
Total Income 218 179 177 181 168 168 112 118
Total Expenditure 198 159 156 157 171 162 97 100
Operating Profit 20 20 21 24 -3 7 14 18
Interest 11 11 12 14 12 13 13 14
Depreciation 8 8 8 9 10 10 10 10
Exceptional Income / Expenses 0 0 0 0 0 0 0 0
Profit Before Tax 1 0 0 0 -25 -16 -8 -6
Provision for Tax 0 1 0 -0 -0 0 0 -14
Profit After Tax 1 -0 0 0 -25 -17 -8 8
Adjustments 0 0 0 -0 0 -0 -0 0
Profit After Adjustments 1 -0 0 0 -25 -17 -8 8
Adjusted Earnings Per Share 0.1 -0 0.1 0.1 -5.3 -3.5 -1.7 1.7

Varvee Global Profit & Loss

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020 TTM
Net Sales 827 752 565 565
Other Income 3 3 2 1
Total Income 830 754 566 566
Total Expenditure 747 669 531 530
Operating Profit 83 85 36 36
Interest 43 49 53 52
Depreciation 33 34 38 40
Exceptional Income / Expenses 0 0 0 0
Profit Before Tax 6 2 -56 -55
Provision for Tax 1 1 -14 -14
Profit After Tax 6 1 -42 -42
Adjustments 0 0 0 0
Profit After Adjustments 6 1 -42 -42
Adjusted Earnings Per Share 1.2 0.2 -8.9 -8.8

Varvee Global Balance Sheet

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020
Shareholder's Funds 272 273 231
Minority's Interest 0 0 0
Borrowings 83 133 142
Other Non-Current Liabilities 50 37 23
Total Current Liabilities 514 506 447
Total Liabilities 919 949 843
Fixed Assets 363 389 350
Other Non-Current Assets 17 4 3
Total Current Assets 538 556 490
Total Assets 919 949 843

Varvee Global Cash Flow

#(Fig in Cr.) Mar 2018 Mar 2019 Mar 2020
Opening Cash & Cash Equivalents 2 2 2
Cash Flow from Operating Activities 38 51 65
Cash Flow from Investing Activities -19 -53 5
Cash Flow from Financing Activities -19 3 -70
Net Cash Inflow / Outflow 0 0 -1
Closing Cash & Cash Equivalent 2 2 1

Varvee Global Ratios

# Mar 2018 Mar 2019 Mar 2020
Earnings Per Share (Rs) 1.2 0.23 -8.94
CEPS(Rs) 8.22 7.47 -0.76
DPS(Rs) 0 0 0
Book NAV/Share(Rs) 57.91 58.21 49.23
Core EBITDA Margin(%) 9.7 10.94 6.03
EBIT Margin(%) 6.03 6.79 -0.45
Pre Tax Margin(%) 0.77 0.23 -9.83
PAT Margin (%) 0.68 0.14 -7.42
Cash Profit Margin (%) 4.66 4.67 -0.63
ROA(%) 0.61 0.12 -4.68
ROE(%) 2.06 0.4 -16.63
ROCE(%) 7.66 7.51 -0.38
Receivable days 130.26 141.51 168.77
Inventory Days 88.2 102.74 143.88
Payable days 133.44 154.98 180.09
PER(x) 17.71 49.56 0
Price/Book(x) 0.37 0.2 0.08
Dividend Yield(%) 0 0 0
EV/Net Sales(x) 0.55 0.63 0.76
EV/Core EBITDA(x) 5.5 5.54 11.93
Net Sales Growth(%) 0 -9.13 -24.87
EBIT Growth(%) 0 2.38 -104.99
PAT Growth(%) 0 -80.59 -3950.74
EPS Growth(%) 0 -80.59 -3950.74
Debt/Equity(x) 1.4 1.59 1.81
Current Ratio(x) 1.05 1.1 1.1
Quick Ratio(x) 0.66 0.66 0.6
Interest Cover(x) 1.15 1.04 -0.05
Total Debt/Mcap(x) 3.82 8.05 21.54

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR -25% — — —
Operating Profit CAGR -58% — — —
PAT CAGR -4300% — — —
Share Price CAGR -18% +70% +34% +2%
ROE Average -17% -5% -5% -5%
ROCE Average 0% +5% +5% +5%

Varvee Global Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 65.63 %
FII 0.58 %
DII (MF + Insurance) 1.3 %
Public (retail) 32.49 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 65.865.860.8160.8138.7730.5665.6365.6365.6365.63
FII 000.370.2500.01000.010.58
DII 2.112.11000.071.31.31.31.31.3
Public 32.132.138.8138.9461.1668.1333.0733.0633.0632.49
Others 0000000000
Total 100100100100100100100100100100

Varvee Global Peer Comparison

Textile - Weaving Edit Columns

Varvee Global Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Varvee Global Pros & Cons

Pros

  • Company is almost debt free.

Cons

  • Company has a low return on equity of -5% over the last 3 years.
  • Debtor days have increased from 154.98 to 180.09days.
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