Varvee Global Ltd (VGL) — shareholding pattern, promoter holding, financials and share price
About Varvee Global Ltd (VGL)
Varvee Global Ltd operates in the Other Textile Products industry, within the Textiles sector. It trades on the NSE as VGL and on the BSE under scrip code 514274. Its ISIN is INE273D01027.
Incorporated in 1988, Aarvee Denims and Exports Ltd manufactures and sells denim and non denim Fabrics
Varvee Global Limited is an integrated textile manufacturer based in Ahmedabad operating an end-to-end Narol facility that produces denim and non-denim fabrics, covering yarn warping, sizing, dyeing, weaving and finishing for domestic and export markets while repositioning from denim toward higher-margin shirting and suiting fabrics.
After the ownership change effective July 5, 2025, Varvee Global achieved full bank debt repayment by June 3, 2025, secured lender 'No Due' confirmations, and received an India Ratings 'IND BB/Positive' issuer rating on January 28, 2026, improving institutional credibility and freeing cashflow for reinvestment under the new promoter group.
Listed peers in Other Textile Products: Nandan Denim Ltd, Atvo Enterprises Ltd, Omnitex Industries (India) Ltd, Kesoram Industries Ltd, Manomay Tex India Ltd, Ashima Ltd.
Valuation & Returns
10 Jul 2026At ₹63.06 a share on 10 Jul 2026, Varvee Global Ltd (VGL) was valued at a price-to-earnings ratio of 26.43x against an industry P/E of 32.15x and a price-to-book of 1.41x on a book value of ₹44.83 per share as of Mar 2020. Solomo computes return on equity of -18.15% and return on capital employed of -0.4% from filed results. Earnings ratios use consolidated results for the twelve months Jun 2019 to Mar 2020.
- P/E
- 26.43x
- Industry P/E
- 32.15x
- P/B
- 1.41x
- EPS (TTM)
- ₹-8.14
- Book value / share
- ₹44.83
- ROE
- -18.15%
- ROCE
- -0.4%
- ROA
- -4.97%
- Debt / equity
- 1.78x
- Dividend yield
- 0%
- EBITDA margin
- 40.03%
- 52-week range
- ₹44.25 – ₹98.5
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2020In the year ended Mar 2020, Varvee Global Ltd (VGL) reported revenue of ₹565 crore, net profit of ₹-42 crore and earnings per share of ₹-8.94. That compares with revenue of ₹752 crore and net profit of ₹1 crore in Mar 2019. Figures are consolidated, as filed with the exchanges.
In the quarter ended Mar 2020, revenue was ₹117.93 crore and net profit ₹7.88 crore (consolidated).
| Metric | Mar 2018 | Mar 2019 | Mar 2020 |
|---|---|---|---|
| Revenue (₹ cr) | 827 | 752 | 565 |
| Net profit (₹ cr) | 6 | 1 | -42 |
| EPS (₹) | 1.2 | 0.23 | -8.94 |
| Measure | 10Y | 5Y | 3Y | 1Y |
|---|---|---|---|---|
| Sales growth | -28.24% | -40.40% | -53.46% | -24.87% |
| Profit growth | 11.39% | - | - | - |
| Stock price CAGR | 6% | 38% | 83% | -21% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 65.63% of Varvee Global Ltd (VGL) (unchanged from the previous quarter), foreign institutional investors (FII) hold 0.58% and domestic institutional investors (DII) hold 1.3%. Promoters have pledged 15.6% of their holding. Market capitalisation was ₹325 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2001.
Largest disclosed public shareholders in Jun 2026: Yashwant Amratlal Thakkar 2.02%, HUF 1.46%, Sanjay Karanraj Sakaria 1.05%, Unclaimed or Suspense or Escrow Account 1%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 65.63% | 15.6% | 0.58% | 1.3% | 34.37% |
| Mar 2026 | 65.63% | 14.2% | 0.01% | 1.3% | 34.37% |
| Dec 2025 | 65.63% | 14.2% | 0% | 1.3% | 34.37% |
| Sep 2025 | 65.63% | 14.2% | - | 1.3% | 34.37% |
| Jun 2025 | 30.56% | 100% | 0.01% | 1.3% | 69.44% |
| Mar 2025 | 30.56% | 100% | - | 1.3% | 69.44% |
| Dec 2024 | 60.81% | 55.2% | 0.25% | 0% | 39.19% |
| Sep 2024 | 60.81% | 55.2% | 0.37% | 0% | 39.19% |