VARVEE GLOBAL LIMITED (VGL) financials

VARVEE GLOBAL LIMITED (VGL) NSE/BSE financials on Fincrux: quarterly results, profit and loss, cash flow, balance sheet, ratios, and shareholding.

Varvee Global Ltd (formerly Aarvee Denims& Exports Ltd) is an Ahmedabad-based textile company operating from the Narol facility.After a 2024–25 control change, it is pivoting from denim manufacturing to non-denim shirting/suiting, B2B job work, trading and leasing; it incorporated a renewable-energy subsidiary in July 2026.

Market Cap: ₹297Cr.
Current Price: ₹57.7
ROE: 18.1%
ROCE: 17.3%
Book Value: ₹15.0
Dividend Yield: 0.00%
52W High / Low: ₹84.8/43.7

In Jun 2026, VARVEE GLOBAL LIMITED (VGL) reported sales ₹8.26 Cr and net profit ₹-6.56 Cr.

Annual TTM: sales ₹72 Cr, net profit ₹-20 Cr.

Shareholding: Promoters 65.64% (Jun 2026), FIIs 0.58% (Jun 2026), DIIs 1.30% (Jun 2026), Public 32.49% (Jun 2026), No. of Shareholders 9,113% (Jun 2026).

VGL quarterly results (₹ Cr.)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Sales	15.48	5.94	7.50	-0.55	27.83	12.14	23.38	8.26
Expenses	20.16	28.55	59.20	0.56	13.98	13.62	29.27	15.12
Operating Profit	-4.68	-22.61	-51.70	-1.11	13.85	-1.48	-5.89	-6.86
OPM %	-30.23%	-380.64%	-689.33%	—	49.77%	-12.19%	-25.19%	-83.05%
Other Income	34.25	22.63	37.94	6.82	6.49	21.64	-15.18	0.63
Interest	3.81	2.49	1.21	1.43	0.00	0.00	0.00	0.01
Depreciation	1.12	0.97	1.15	1.00	1.53	1.22	1.57	0.63
Profit before tax	24.64	-3.44	-16.12	3.28	18.81	18.94	-22.64	-6.87
Tax %	66.48%	102.03%	-44.98%	-676.52%	45.67%	71.81%	26.28%	-4.51%
Net Profit	8.27	-6.94	-8.87	25.48	10.21	5.35	-28.59	-6.56
EPS in Rs	1.76	-1.48	-1.89	4.95	1.98	1.04	-5.55	-1.27
Raw PDF	—	—	—	—	—	—	—	—

VGL profit and loss (₹ Cr.)
Category	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
Sales	565	265	421	261	85	42	63	72
Expenses	529	285	431	289	113	122	57	72
Operating Profit	36	-20	-10	-28	-29	-80	5	-0
OPM %	6%	-7%	-2.5%	-11%	-34%	-189%	9%	-0.5%
Other Income	-0	12	25	7	4	130	20	14
Interest	53	51	43	46	37	13	1	0
Depreciation	38	28	25	25	12	4	5	5
Profit before tax	-56	-87	-54	-92	-73	33	18	8
Tax %	-24%	-27%	-24%	-30%	-39%	43%	32%	—
Net Profit	-42	-64	-41	-65	-45	19	12	-20
EPS in Rs	-8.94	-13.69	-8.83	-13.87	-9.51	3.95	2.42	-3.80
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%	—

VGL balance sheet (₹ Cr.)
Category	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	26
Reserves	250	208	144	103	38	-6	12	51
Borrowings	434	419	433	413	397	278	94	3
Other Liabilities	241	193	110	89	70	144	74	104
Total Liabilities	949	843	711	629	528	438	204	184
Fixed Assets	389	350	274	231	202	72	68	43
CWIP	0	0	0	1	1	0	0	1
Investments	0	0	0	0	0	0	0	10
Other Assets	560	492	437	397	324	366	136	129
Total Assets	949	843	711	629	528	438	204	184

VGL cash flows (₹ Cr.)
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	51	65	45	13	40	110	27	5
Cash from Investing Activity	-53	5	9	47	13	46	182	28
Cash from Financing Activity	3	-70	-42	-63	-62	-156	-196	-43
Net Cash Flow	0	-1	12	-4	-10	0	13	-10
Free Cash Flow	-10	63	50	59	53	151	209	45
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	63%	181%	-223%	-125%	-141%	-385%	-34%	110%

VGL shareholding pattern (%)
Category	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	60.81%	60.81%	38.77%	30.56%	65.64%	65.64%	65.64%	65.64%
FIIs	0.37%	0.25%	0.00%	0.01%	0.00%	0.00%	0.01%	0.58%
DIIs	0.00%	0.00%	0.07%	1.30%	1.30%	1.30%	1.30%	1.30%
Public	38.81%	38.94%	61.16%	68.14%	33.07%	33.06%	33.06%	32.49%
No. of Shareholders	10,439	10,181	10,202	10,252	10,341	9,898	8,241	9,113

VGL key ratios
Category	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Debtor Days	140	152	287	144	174	430	64	93
Inventory Days	189	234	283	204	230	405	34	296
Days Payable	167	167	160	100	109	235	75	457
Cash Conversion Cycle	161	219	410	247	295	600	23	-69
Working Capital Days	16	20	8	-6	-65	-369	-593	-272
ROCE %	8%	-0%	-7%	-6%	-11%	-10%	-37%	17%

VGLUpdated 18 Oct 2026, 7:05

Varvee Global Limited

VGLUpdated 18 Oct 2026, 7:05

Market Cap

₹297Cr.

Current Price

₹57.7

High / Low

₹84.8/43.7

ROE18.1%

ROCE17.3%

Book Value₹15.0

Face Value₹5.00

Dividend Yield0.00%

About

Quarterly results

Last reported quarters₹ Cr.

Quarter	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Jun 2023	10.37	10.46	20.9	0.17	6.2	-27.02	-31.2	-18.59	-3.96
Sep 2023	24.81	11.74	30.97	2.39	2.75	-18.26	-28.97	-12.97	-2.77
Dec 2023	25.55	7.69	34.72	3.37	1.63	-15.12	-56.35	-6.6	-1.41
Mar 2024	24	6.76	29.26	0.58	1.12	-12.56	-48.57	-6.46	-1.38
Jun 2024	13.53	5.33	24.46	45.1	1.11	27.73	18.54	22.58	4.81
Sep 2024	15.48	3.81	20.16	34.25	1.12	24.64	66.48	8.27	1.76
Dec 2024	5.94	2.49	28.55	22.63	0.97	-3.44	102.03	-6.94	-1.48
Mar 2025	7.5	1.21	59.2	37.94	1.15	-16.12	-44.98	-8.87	-1.89
Jun 2025	-0.55	1.43	0.56	6.82	1	3.28	-676.52	25.48	4.95
Sep 2025	27.83	0	13.98	6.49	1.53	18.81	45.67	10.21	1.98
Dec 2025	12.14	0	13.62	21.64	1.22	18.94	71.81	5.35	1.04
Mar 2026	23.38	0	29.27	-15.18	1.57	-22.64	26.28	-28.59	-5.55
Jun 2026	8.26	0.01	15.12	0.63	0.63	-6.87	-4.51	-6.56	-1.27

Profit & loss

Annual statement₹ Cr.

Year	Sales	Interest	Expenses	Other Income	Depreciation	Profit Before Tax	Tax	Net Profit	EPS (₹)
Mar 2015	746	35	679	3	31	3	95	0	0.04
Mar 2016	841	37	764	-1	31	8	17	7	1.5
Mar 2017	844	38	772	2	33	3	35	2	0.38
Mar 2018	827	43	747	3	33	6	12	6	1.2
Mar 2019	752	49	669	3	34	2	37	1	0.23
Mar 2020	565	53	529	0	38	-56	-24	-42	-8.94
Mar 2021	265	51	285	12	28	-87	-27	-64	-13.69
Mar 2022	421	43	431	25	25	-54	-24	-41	-8.83
Mar 2023	261	46	289	7	25	-92	-30	-65	-13.87
Mar 2024	85	37	113	4	12	-73	-39	-45	-9.51
Mar 2025	42	13	122	130	4	33	43	19	3.95
Mar 2026	63	1	57	20	5	18	32	12	2.42
TTM	72	0	72	14	5	8	—	-20	-3.8

Shareholding pattern

As of Jun 2026%

Holder	Share
Promoters	65.64%
FIIs	0.58%
DIIs	1.3%
Public	32.49%

Shareholding trend

Ownership over time%

Quarter	Promoters	FIIs	DIIs	Government	Public
Sep 2023	65.8%	0%	2.1%	—	32.1%
Dec 2023	65.8%	0%	2.1%	—	32.08%
Mar 2024	65.8%	0%	2.1%	—	32.1%
Jun 2024	65.8%	0%	2.1%	—	32.09%
Sep 2024	60.81%	0.37%	0%	—	38.81%
Dec 2024	60.81%	0.25%	0%	—	38.94%
Mar 2025	38.77%	0%	0.07%	—	61.16%
Jun 2025	30.56%	0.01%	1.3%	—	68.14%
Sep 2025	65.64%	0%	1.3%	—	33.07%
Dec 2025	65.64%	0%	1.3%	—	33.06%
Mar 2026	65.64%	0.01%	1.3%	—	33.06%
Jun 2026	65.64%	0.58%	1.3%	—	32.49%

Balance sheet

Assets & liabilities₹ Cr.

Period	Equity Capital	Reserves	Borrowings	Other Liabilities	Total Liabilities	Fixed Assets	CWIP	Investments	Other Assets	Total Assets
Mar 2015	23	232	370	145	771	372	2	0	397	771
Mar 2016	23	240	382	178	825	367	1	0	457	825
Mar 2017	23	243	355	210	831	375	5	0	451	831
Mar 2018	23	248	379	268	919	363	0	0	556	919
Mar 2019	23	250	434	241	949	389	0	0	560	949
Mar 2020	23	208	419	193	843	350	0	0	492	843
Mar 2021	23	144	433	110	711	274	0	0	437	711
Mar 2022	23	103	413	89	629	231	1	0	397	629
Mar 2023	23	38	397	70	528	202	1	0	324	528
Mar 2024	23	-6	278	144	438	72	0	0	366	438
Mar 2025	23	12	94	74	204	68	0	0	136	204
Mar 2026	26	51	3	104	184	43	1	10	129	184

Cash flows

Operating, investing & financing₹ Cr.

Period	Operating	Investing	Financing	Net cash flow
Mar 2015	47	-11	-36	0
Mar 2016	75	-38	-33	4
Mar 2017	110	-50	-63	-3
Mar 2018	38	-19	-19	0
Mar 2019	51	-53	3	0
Mar 2020	65	5	-70	-1
Mar 2021	45	9	-42	12
Mar 2022	13	47	-63	-4
Mar 2023	40	13	-62	-10
Mar 2024	110	46	-156	0
Mar 2025	27	182	-196	13
Mar 2026	5	28	-43	-10

Key ratios

Historical financial ratios

Category	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	64	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	75	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	-593	-272
ROCE %	6%	8%	6%	8%	8%	-0%	-7%	-6%	-11%	-10%	-37%	17%

Frequently asked questions

Quick answers about this company's financials on Fincrux

What is the market cap of VARVEE GLOBAL LIMITED (VGL)?

The reported market capitalisation for VARVEE GLOBAL LIMITED (VGL) is ₹297Cr. on Fincrux. Figures may update with market data and filings.

What is the current share price of VGL?

The current price shown for VARVEE GLOBAL LIMITED (VGL) on Fincrux is ₹57.7 with a 52-week high/low of ₹84.8/43.7.

What were VGL latest quarterly results?

For Jun 2026, VARVEE GLOBAL LIMITED (VGL) reported sales ₹8.26 Cr and net profit ₹-6.56 Cr (figures in ₹ crore unless noted).

What are VGL annual sales and net profit?

For TTM, VARVEE GLOBAL LIMITED (VGL) shows sales of ₹72 Cr and net profit of ₹-20 Cr on the Fincrux profit & loss statement.

Who owns VARVEE GLOBAL LIMITED (VGL)?

Latest shareholding for VARVEE GLOBAL LIMITED (VGL) on Fincrux: Promoters 65.64% (Jun 2026), FIIs 0.58% (Jun 2026), DIIs 1.30% (Jun 2026), Public 32.49% (Jun 2026), No. of Shareholders 9,113% (Jun 2026).

Where can I find VARVEE GLOBAL LIMITED (VGL) financials?

VARVEE GLOBAL LIMITED (VGL) financials on Fincrux include quarterly results, profit and loss, cash flow, balance sheet, key ratios, and shareholding patterns for NSE/BSE research.

Does Fincrux show VGL balance sheet and cash flow?

Yes. The VARVEE GLOBAL LIMITED (VGL) page on Fincrux includes balance sheet, cash flow statements, historical ratios, and ownership trends alongside quarterly and annual results.

Figures in ₹ crore unless noted. Data sourced for research and may lag filings.

Last updated 18 October 2026 at 7:05