Manufactures and trades shirting and suiting fabrics, having pivoted from denim to non-denim textiles. Textiles accounted for 98.8% of segment revenue in the 9-month period ended December 2025, with a small others stream making up the remaining 1.2%. The company operates through job work and trading of textile goods, with no production of finished goods during FY26. The largest cost line is other operating expenses at 49.6% of revenue, followed by materials at 20.5%, depreciation at 8.5%, and employee costs at 6.9%. Borrowings were cut by approximately 97% to 287.67 lakh and the company became debt-free in June 2025. A wholly-owned subsidiary, Varvee Energy Private Limited, was incorporated in July 2026 for the renewable energy sector, and the company has reported receiving new orders and contracts. AR · MarketPing reader · 2026-08-02
Revenue streams, as the annual report describes them. Textiles (99%), Others (1%). Cyclical textile trader and job-worker with new renewable energy and defence extensions
| ₹ crore · consolidated | FY19 | FY20 |
|---|---|---|
| Revenue | 748 | 565 |
| EBITDA (ex other income) | 79 | 34 |
| margin % | 10.5 | 6.0 |
| Owners' profit | 1 | (42) |
| EPS, as reported (₹) | 0.46 | (17.88) |
| ROE % · ROCE % | 0.4 · 11.2 | (18.2) · (0.6) |
| Debt / equity (x) | 1.57 | 1.78 |
| Cash from operations | — | — |
| Capex | — | — |
| ₹ crore | Q4 FY19 | Q1 FY20 | Q2 FY20 | Q3 FY20 | Q4 FY20 |
|---|---|---|---|---|---|
| Revenue | 180 | 167 | 167 | 110 | 118 |
| Profit before tax | 0 | (25) | (16) | (8) | (6) |
| Net profit | 0 | (25) | (17) | (8) | 8 |
| EPS (₹) | 0.16 | (10.65) | (7.10) | (3.49) | 3.36 |
| Segment | Revenue, ₹ crore | Share % |
|---|---|---|
| TEXTILES | 436 | 77.1 |
| POWER GENERATION - WIND FARM | 3 | 0.6 |
| POWER GENERATION WIND FARM | 4 | 0.8 |
| TEXTILS | 107 | 18.9 |
| POWER GENERATION - WIND FARM AND POWER PLANT | 15 | 2.6 |
| Total, before eliminations | 565 | 100.0 |
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,974 | 41.6 | 6.66 | 27.5 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 19,663 | 71.5 | 3.95 | 25.3 | 4.3 | 4.0 |
| Date · filing | Category | Importance | 1-day % | 5-day % |
|---|---|---|---|---|
| 4 Sept 2026 · Varvee Global publishes 37th AGM notice in newspapers | compliance | minimal | — | — |
| 3 Sept 2026 · NSE seeks clarification on Q1 FY27 results compliance | regulatory legal | medium | — | — |
| 3 Sept 2026 · Varvee Global fixes 30 Sep 2026 as AGM date, 23 Sep as e-voting cut-off | board shareholder meetings | low | — | — |
| 3 Sept 2026 · Varvee Global 37th AGM on Sept 30, 2026; seeks RPT approvals up to Rs 50 cr | board shareholder meetings | low | — | — |
| 2 Sept 2026 · Board approves 37th AGM notice and Director's Report for FY26 | board shareholder meetings | low | — | — |
| 14 Aug 2026 · Varvee Global Q1 FY27 results: revenue up, swung to loss | compliance | minimal | — | — |
| 12 Aug 2026 · Varvee Global posts Q1 FY27 loss of Rs 6.56 cr; appoints new Company Secretary | management changes | medium | — | — |
| 12 Aug 2026 · Varvee Global appoints new Company Secretary; Q1FY27 loss narrows | management changes | medium | — | — |
| 12 Aug 2026 · Varvee Global Q1 FY27 results, auditor flags emphasis of matter | results | high | — | — |
| 12 Aug 2026 · Varvee Global Q1 FY27 results; new Company Secretary appointed | results | high | — | — |
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions |
| 5.1 |
| 12.7 |
| VARDHMAN TEXTILES LIMITED | 16,368 | 19.0 | 1.55 | 12.4 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 11,965 | 30.1 | 2.51 | 14.5 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,757 | 58.0 | 3.72 | 21.1 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,675 | 37.1 | 5.67 | 24.0 | 14.7 | 18.7 | 8.1 | 20.5 |
| JINDAL WORLDWIDE LTD | 5,314 | 63.1 | 6.17 | 40.6 | 8.1 | 9.0 | 6.1 | 8.7 |
| RAYMOND LIFESTYLE LIMITED | 4,213 | 97.2 | 0.44 | 7.7 | 0.5 | 0.7 | — | 8.9 |
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| P/B | 1.4 | 1.3 | 100 of 183 | 46% |
| ROCE | (14.0) | 4.2 | 211 of 227 | 7% |
| ROE | (18.1) | 4.8 | 204 of 214 | 5% |
| Debt / Equity | 1.8 | 0.3 | 189 of 214 | 12% |
| EBITDA margin | 15.2 | 9.8 | 56 of 198 | 72% |
| Revenue growth | (34.5) | 6.9 | 170 of 192 | 12% |
| Profit growth | 1893.6 | 20.0 | 6 of 203 | 98% |
| Market cap | 336 | 63 | 55 of 221 | 76% |
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| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
