VGLConsumer Discretionary

VARVEE GLOBAL LIMITED

Other Textile Products · ISIN INE273D01027 · BSE 514274 · NSE EQ · FV ₹5
Last price
₹53
-3.51%today
What this company does

VARVEE GLOBAL LIMITED operates in Other Textile Products, part of the Consumer Discretionary sector. It booked ₹20 cr of revenue in its latest quarter (Q2 FY27) and kept 34.6% of sales as profit.

Their stated vision

“To be a progressive leader and one of the top-ranking textile conglomerates, driven by global expertise, integrated operations, and a commitment to excellence.”

Their stated mission

“To be a progressive leader and one of the top-ranking textile conglomerates, driven by global expertise, integrated operations, and a commitment to excellence.”

In the report:
77out of 100
Equitytale Health Score
Solid

Healthier than 77% of companies in Consumer Discretionary, on the 4 of 6 measures we could read for it. Each measure is ranked against the 69–428 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
42

At close. Not part of the score.

Profitability & returns97

How much profit it earns on the money it employs

Balance sheet75

How much it owes, and whether earnings cover the interest

Valuation51

What today's price implies, against our models or its peers

Governance & risk74

How much of the promoters' stake is pledged, and how much they hold

Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Strong 35% net margin
✓ Promoters hold 66%
✓ Strong 34% return on equity
✓ Virtually debt-free
Watch-outs
! Sales down 88% vs last year
! 15.7% of promoter stake pledged
! Operating cash flow is negative

What if I invest in VGL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹53▼ -3.51%
latest close · 2026-11-04
52-wk low ₹4574 sessions so far52-wk high ₹73
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio10.0Low
LowAverageHigh
P/B ratio3.44High
Below bookModerateHigh
EV / EBITDA6.2Low
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity34.4%Strong
WeakFairStrong ▸15%
Return on capital51.6%Strong
WeakFairStrong
Net margin34.6%Strong
ThinDecentStrong
EBITDA margin55.7%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.05Comfortable
LowModerateHigh ▸1
Interest cover202.7×Strong
RiskyOkayStrong ▸5×
Current ratio0.64Tight
Tight ◂1HealthyAmple
More figures
Market cap
₹272 cr
Book value
₹15
EPS
₹1.32
latest quarter
Net debt
₹99.6 L
owes more than its cash
Enterprise value
₹273 cr
EBITDA
₹44 cr
annualised
EBIT
₹41 cr
annualised
Operating margin
52.8%
Return on assets
17.2%
Earnings yield
10.02%
P/S
3.46
Sales / share
₹15.2
Tax rate
34.1%
Face value
₹5
Shares
5.2 cr
Working capital
₹-28 cr
Current assets
₹50 cr
Current liabilities
₹78 cr
Delivery %
70.0%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The company's latest annual profit was negative, so we won't call it cheap off older profits.
Models span ₹47–₹47, midpoint ₹47

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY27 (consolidated)
Revenue from Operations₹20 cr
Other Income₹8 cr
Total Income₹28 cr
Cost of Materials₹1 cr
Purchases of Stock-in-Trade₹15 cr
Inventory Change (±)₹-1 cr
Employee Benefit Expense₹34.5 L
Finance Costs₹5.1 L
Depreciation & Amortisation₹56.3 L
Other Expenses₹1 cr
Total Expenses₹17 cr
Profit before Tax₹10 cr
Tax Expense₹4 cr
Net Profit₹7 cr
Net margin on total income24.5%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹15 cr54.7%
Employee benefit expense₹34.5 L1.2%
Finance costs₹5.1 L0.2%
Depreciation & amortisation₹56.3 L2.0%
Other expenses₹1 cr4.6%
Tax expense₹4 cr12.7%
Profit for the period₹7 cr24.5%
Total income ₹28 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY20Q4 FY20Q2 FY27
Revenue110 cr117 cr20 cr
Total income112 cr118 cr28 cr
Expenses120 cr124 cr17 cr
Profit before tax-8 cr-6 cr10 cr
Tax19.5 L-14 cr4 cr
Net profit (owners' share)-8 cr8 cr7 cr
Net margin (owners' share, on revenue)-7.4%6.7%34.6%
EPS (₹)-3.493.361.32
YoY (latest quarter): total income -83.5% · net profit —
Balance sheet & cash flow · as of Sep 2026
Low debt
Total assets
₹158 cr
Shareholder equity
₹79 cr
parent shareholders
Total debt
₹4 cr
Cash
₹3 cr
Cash flow · H1 FY27
Operating
₹-18 cr
Investing
₹17 cr
Financing
₹1 cr
Peer comparison
Other Textile Products · by market value
CompanyPriceMarket capP/E
K.P.R. Mill Limited₹1,160₹39,649 cr28.7
Welspun Living Limited₹253₹23,909 cr34.0
Vardhman Textiles Limited₹510₹14,513 cr11.7
Trident Limited₹24₹12,123 cr17.5
Indo Count Industries Limited₹467₹9,246 cr36.6
Garware Technical Fibres Limited₹739₹7,216 cr30.8
Kusumgar Limited₹563₹5,911 cr33.7
Sanathan Textiles Limited₹520₹4,385 cr46.1
Alok Industries Limited₹8₹4,057 cr—
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
—
trailing 12 months
Dividend / share (TTM)
—
Last dividend
₹0.5
ex 30 Aug 2012
ActionDetailEx-date
Stock splitStock Split From Rs.10/- to Rs.5/-2 Mar 2026
Dividend₹0.5 / share30 Aug 2012
Who owns it · 2026-09-30
⚑ 15.7% pledged
Promoter
65.6%
FII / Foreign
0.7%
DII / Domestic
1.3%
Retail / others
32.4%
Promoter stake down 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
SoldTwenty First Century Marketing Ltd. · Promoter Group11.54 L · ₹2.9 cr10 Jul 25
SoldKashvi Investments Pvt.Ltd. · Promoter Group13.88 L · ₹3.5 cr10 Jul 25
SoldV. B. Investment Pvt. Ltd. · Promoter Group23.21 L · ₹5.8 cr10 Jul 25
Bulk / block deals
BoughtKAHOR VANRAJSINH DADBHAI · NSE4.53 L @ ₹66.0711 Sep 26
SoldKAHOR VANRAJSINH DADBHAI · NSE3.92 L @ ₹66.3111 Sep 26
SoldVAIBHAV RAJENDRA DOSHI · NSE3.99 L @ ₹72.7518 Jun 26
Promoter pledges
PledgedPace Stock Broking Services Pvt Ltd5.00 L · 0.00% held2 Jun 26
ReleasedIDBI Bank87,500 · 0.37% held17 Oct 20
ReleasedIDBI Bank87,500 · 0.61% held17 Oct 20
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Postal ballot · 30 Oct 2026
See the official result
1
APPROVAL FOR SUB-DIVISION/ SPLIT OF EQUITY SHARES OF THE COMPANY
Backed by 94% of shareholders other than promotersneeded 50%
2.74 L votes for, 17,102 against
2
APPROVAL FOR ALTERATION OF THE CAPITAL CLAUSE OF THE MEMORANDUM OF ASSOCIATION OF THE COMPANY
Backed by 94% of shareholders other than promotersneeded 50%
2.74 L votes for, 17,102 against

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 3 named members
owning 65.6% between them · as of 2026-09-30
Jaimin Kailash Gupta52.01%
Qmin Industries Limited9.07%
Agrawal Tarachandbhai4.55%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

Money it raised, and what it did with it

When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.

Money raised in May 2025 by selling shares to selected investors

The company has not broken this money down into purposes in its filing for Jun 2025, so there is nothing to measure it against yet.

The amount this filing states as raised is many times the whole company’s market value, so it is almost certainly entered in the wrong unit. We show the purposes and how far along each one is, and leave the rupee figures out rather than repeat a number that cannot be right.

Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.