AARVEEDEN
Varvee Global financials
- Market cap
- ₹309 Cr
- Sector
- Textiles
What Varvee Global Limited does
Aarvee Denims and Exports Limited manufactures and exports denim fabric, operating out of a cluster of textile units in Ahmedabad district, Gujarat (Units I, II and IV, plus the registered office at Unit III). The company also maintains an administrative office in Mumbai. It has no subsidiaries, joint ventures or associate companies whose accounts are consolidated with its own.
- Manufacturing units
- 4 (Units I-IV, Ahmedabad district, Gujarat)
Quarterly results
Q3 FY26: revenue up 104.4%, net profit up 177.1% against the same quarter last year.
| Line item | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 24 | 14 | 15 | 6 | 8 −69% | -1 −104% | 28 +80% | 12 +104% |
| EBITDA | -5 | -11 | -5 | -23 | -52 −883% | -1 +90% | 14 +396% | -1 +93% |
| Net profit | -6 | 23 | 8 | -7 | -9 −37% | 25 +13% | 10 +23% | 5 +177% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −60.6% 1Y
1Y: ₹169.55 on 10 Sept 2025 → ₹66.81. High ₹178.71 (16 Sept 2025), low ₹46.47 (30 Mar 2026).
Financials, as filed
Revenue fell 51.2% a year over 4 years, FY19 to FY25. Operating margin narrowed to -211.8%.
| Year ending | FY19 | FY20 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|
| Revenue | ₹752 Cr | ₹565 Cr | ₹261 Cr | ₹85 Cr | ₹42 Cr |
| Operating profit | ₹82 Cr | ₹34 Cr | ₹-28 Cr | ₹-31 Cr | ₹-90 Cr |
| Operating margin | 10.9% | 6.0% | -10.8% | -36.7% | -211.8% |
| Interest | ₹49 Cr | ₹53 Cr | ₹46 Cr | ₹37 Cr | ₹13 Cr |
| Depreciation | ₹34 Cr | ₹38 Cr | ₹26 Cr | ₹12 Cr | ₹4 Cr |
| Net profit | ₹1 Cr | ₹-42 Cr | ₹-65 Cr | ₹-45 Cr | ₹15 Cr |
| Net margin | 0.1% | -7.4% | -24.8% | -52.7% | 35.4% |
| Cash from operations | ₹51 Cr | ₹65 Cr | — | — | — |
| Free cash flow | ₹-10 Cr | ₹63 Cr | — | — | — |
| ROCE | 8.0% | 0.0% | — | — | — |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY20 | FY21 | FY22 | FY23 | FY24 | FY25 |
|---|---|---|---|---|---|---|
| Equity capital | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹23 Cr | ₹26 Cr |
| Reserves | ₹208 Cr | ₹144 Cr | ₹103 Cr | ₹38 Cr | ₹-6 Cr | ₹77 Cr |
| Borrowings | ₹419 Cr | ₹433 Cr | ₹413 Cr | ₹397 Cr | ₹278 Cr | ₹28 Cr |
| Other liabilities | ₹193 Cr | ₹110 Cr | ₹89 Cr | ₹70 Cr | ₹144 Cr | ₹77 Cr |
| Total liabilities | ₹843 Cr | ₹711 Cr | ₹629 Cr | ₹528 Cr | ₹438 Cr | ₹207 Cr |
| Fixed assets | ₹350 Cr | ₹274 Cr | ₹231 Cr | ₹202 Cr | ₹72 Cr | ₹66 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹1 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Investments | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Other assets | ₹492 Cr | ₹437 Cr | ₹397 Cr | ₹324 Cr | ₹366 Cr | ₹141 Cr |
| Total assets | ₹843 Cr | ₹711 Cr | ₹629 Cr | ₹528 Cr | ₹438 Cr | ₹207 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, the public trimmed −35.65 pp while promoters added +35.08 pp. The shareholder count shrank 11% to 9,113.
- Promoters
- 65.6%
- FIIs
- 0.6%
- DIIs
- 1.3%
- Public
- 32.5%
Since Jun 2025
- Public −35.65 pp
- Promoters +35.08 pp
- FIIs +0.57 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 65.8%, DIIs 2.1%, Public 32.1%.Dec '23: Promoters 65.8%, DIIs 2.1%, Public 32.1%.Mar '24: Promoters 65.8%, DIIs 2.1%, Public 32.1%.Jun '24: Promoters 65.8%, DIIs 2.1%, Public 32.1%.Sep '24: Promoters 60.8%, FIIs 0.4%, Public 38.8%.Dec '24: Promoters 60.8%, FIIs 0.3%, Public 38.9%.Mar '25: Promoters 38.8%, DIIs 0.1%, Public 61.2%.Jun '25: Promoters 30.6%, FIIs 0.0%, DIIs 1.3%, Public 68.1%.Sep '25: Promoters 65.6%, DIIs 1.3%, Public 33.1%.Dec '25: Promoters 65.6%, DIIs 1.3%, Public 33.1%.Mar '26: Promoters 65.6%, FIIs 0.0%, DIIs 1.3%, Public 33.1%.Jun '26: Promoters 65.6%, FIIs 0.6%, DIIs 1.3%, Public 32.5%.
Who bought this quarter
since Mar 2026
Disclosed holders that added to a position or appeared on the register for the first time, biggest addition first.
- Sanjay Karanraj Sakaria newly disclosed 1.05% held
The same filing shows 0 holders trimming and 0 off the list — both are in the register beside this.
Who is on the register
Named in the Jun 2026 filing
Every holder of Varvee Global Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Jaimin Kailash Gupta | 52.01% | unchanged |
| Qmin Industries Limited | 9.07% | unchanged |
| Tarachandbhai Agrawal | 4.55% | unchanged |
| Yashwant Amratlal Thakkar | 2.02% | unchanged |
| Iepf | 1.50% | unchanged |
| Sanjay Karanraj Sakaria | 1.05% | newly disclosed |
| Shipa Fabrics Pvt. Ltd. | 0.00% | unchanged |
| Ennbee Textiles Pvt. Ltd. | 0.00% | unchanged |
| Rentex Weavers Ltd. | 0.00% | unchanged |
| Ashish Shah | 0.00% | unchanged |
| Kalpesh Shah | 0.00% | unchanged |
| Parmanand Arora | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Learn to analyse Varvee Global Limited
Guides on how to read this kind of business and the numbers that matter.