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Last Updated: October 11, 2025, 8:03 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 514274 | NSE: AARVEEDEN

Aarvee Denims & Exports Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹940.96Undervalued by 523.15%vs CMP ₹151.00

P/E (21.8) × ROE (348.0%) × BV (₹15.20) × DY (2.00%)

₹595.15Undervalued by 294.14%vs CMP ₹151.00
MoS: +74.6% (Strong)Confidence: 56/100 (Moderate)Models: 1 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹1,809.6530%Under (+1098.4%)
Graham NumberEarnings₹51.1518%Over (-66.1%)
DCFCash Flow₹134.5915%Over (-10.9%)
Net Asset ValueAssets₹13.5510%Over (-91%)
Earnings YieldEarnings₹76.5010%Over (-49.3%)
ROCE CapitalReturns₹51.1910%Over (-66.1%)
Revenue MultipleRevenue₹8.137%Over (-94.6%)
Consensus (7 models)₹595.15100%Undervalued
Key Drivers: EPS CAGR 92.3% lifts DCF — verify sustainability. | Wide model spread (₹8–₹1,810) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 92.3%

*Investments are subject to market risks

Investment Snapshot

50
Aarvee Denims & Exports Ltd scores 50/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health52/100 · Moderate
ROCE 37.3% ExcellentROE 348.0% ExcellentD/E 1.39 High debtInterest Coverage 0.0x RiskyProfitable 1/5 years Inconsistent
Smart Money35/100 · Weak
FII holding stable No changePromoter decreased by 5.21% Caution
Earnings Quality50/100 · Moderate
OPM contracting (-7% → -123%) DecliningWorking capital: -596 days (improving) Efficient
Quarterly Momentum45/100 · Moderate
Revenue (4Q): -69% YoY DecliningOPM: 0.0% (up 81.0% YoY) Margin expansion
Industry Rank65/100 · Strong
P/E 21.8 vs industry 21.7 In-lineROCE 37.3% vs industry 15.3% Above peersROE 348.0% vs industry 75.1% Above peers3Y sales CAGR: -54% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Aarvee Denims & Exports Ltd Investor Signals

Computed from valuation, cash flow, balance sheet, ownership and quarterly trend data already available in this stock page.

Value Trap Score
0/100
Low
Derived from: Cheapness + weak quality + weak cash support
Current data: P/E 21.8 vs Ind 21.7 | ROCE 37.3% | ROE 348.0% | CFO/NP N/A
Balance Sheet Stress
50/100
Manageable
Derived from: Leverage + debt servicing + liquidity + debt trend
Current data: D/E 1.39x | IntCov 0.0x | Current 1.05x | Borrow/Reserve 7.83x
Cash Flow Reliability
43/100
Mixed
Derived from: Cash backing of earnings + working capital pressure
Current data: CFO ₹0 Cr | NP ₹19 Cr | CFO/NP N/A
Ownership Accumulation
0
Neutral
Derived from: FII + DII + promoter direction, adjusted by crowding
Current data: FII +0.01 pp | DII 0.00 pp | Prom -5.21 pp
Business Momentum
+100
Stable
Derived from: Latest quarter sales + profit + OPM change
Current data: Q Sales -112.5% | Q NP +377.8% | Q OPM +689.0 pp
Derived FieldValueHow it is derived
Valuation Gap %+294.1%((Fair Value - CMP) / CMP) × 100
Borrowings / Reserves7.83xLatest borrowings divided by latest reserves
CFO / Net ProfitN/ALatest operating cash flow divided by latest net profit
FII Change+0.01 ppLatest FII% minus previous FII%
DII Change0.00 ppLatest DII% minus previous DII%
Promoter Change-5.21 ppLatest promoter% minus previous promoter%
Shareholder Count Change+35Latest shareholder count minus previous count
Quarterly Sales Change-112.5%Latest quarter sales vs previous quarter sales
Quarterly Profit Change+377.8%Latest quarter net profit vs previous quarter net profit
Quarterly OPM Change+689.0 ppLatest quarter OPM minus previous quarter OPM

Share Price and Basic Stock Data

Last Updated: October 11, 2025, 8:03 pm

Market Cap 390 Cr.
Current Price 151
Intrinsic Value₹595.15
High / Low 197/41.2
Stock P/E21.8
Book Value 15.2
Dividend Yield0.00 %
ROCE37.3 %
ROE348 %
Face Value 10.0
PEG Ratio0.24

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for Aarvee Denims & Exports Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Aarvee Denims & Exports Ltd 390 Cr. 151 197/41.221.8 15.20.00 %37.3 %348 % 10.0
Nandan Denim Ltd 317 Cr. 2.20 4.42/1.809.26 4.440.00 %9.27 %5.56 % 1.00
Arvind Ltd 9,191 Cr. 351 405/27221.8 1461.07 %13.0 %9.32 % 10.0
Mittal Life Style Ltd 39.5 Cr. 0.89 1.98/0.7024.1 1.320.00 %4.27 %3.08 % 1.00
Vinny Overseas Ltd 47.9 Cr. 1.03 1.65/0.9431.5 1.770.00 %12.8 %9.36 % 1.00
Industry Average3,299.33 Cr101.2221.6933.750.21%15.33%75.06%4.60

All Competitor Stocks of Aarvee Denims & Exports Ltd

Quarterly Result

MetricJun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Sales 10855485010252624141568-1
Expenses 10766615521313529242029591
Operating Profit 1-11-13-5-11-6-9-5-11-5-23-52-1
OPM % 1%-20%-28%-10%-102%-25%-36%-22%-81%-30%-381%-689%
Other Income 60000231453423387
Interest 1011121310128754211
Depreciation 7775632111111
Profit before tax -9-29-32-23-27-18-15-132825-3-163
Tax % 11%-39%-31%-32%-31%-29%-56%-49%19%66%102%-45%-677%
Net Profit -10-17-22-15-19-13-7-6238-7-925
EPS in Rs -4.28-7.40-9.47-6.58-7.92-5.53-2.81-2.759.623.53-2.96-3.7810.86

Last Updated: August 20, 2025, 2:25 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: August 22, 2025, 4:17 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 685746841844827752565265421261854228
Expenses 609679764772747669529285431289113132108
Operating Profit 76667772808236-20-10-28-29-90-80
OPM % 11%9%9%9%10%11%6%-7%-2%-11%-34%-212%-282%
Other Income 23-1233-0122574140102
Interest 3935373843495351434637139
Depreciation 333131333334382825251244
Profit before tax 638362-56-87-54-92-73338
Tax % 50%95%17%35%12%37%-24%-27%-24%-30%-39%43%
Net Profit 307261-42-64-41-65-451918
EPS in Rs 1.360.083.000.752.390.46-17.87-27.36-17.66-27.73-19.027.907.65
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-100.00%-71.43%200.00%-83.33%-4300.00%-52.38%35.94%-58.54%30.77%142.22%
Change in YoY Net Profit Growth (%)0.00%28.57%271.43%-283.33%-4216.67%4247.62%88.32%-94.47%89.31%111.45%

Aarvee Denims & Exports Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 10 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:-25%
5 Years:-40%
3 Years:-53%
TTM:-68%
Compounded Profit Growth
10 Years:58%
5 Years:20%
3 Years:34%
TTM:620%
Stock Price CAGR
10 Years:14%
5 Years:70%
3 Years:87%
1 Year:307%
Return on Equity
10 Years:-12%
5 Years:-40%
3 Years:-59%
Last Year:70%

Last Updated: September 4, 2025, 10:00 pm

Balance Sheet

Last Updated: June 16, 2025, 12:34 pm

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Equity Capital 232323232323232323232323
Reserves 23423224024324825020814410338-612
Borrowings 39637038235537943441943341339727894
Other Liabilities 141145178210268241193110897014474
Total Liabilities 794771825831919949843711629528438204
Fixed Assets 4013723673753633893502742312027268
CWIP 021500001100
Investments 000000000000
Other Assets 393397457451556560492437397324366136
Total Assets 794771825831919949843711629528438204

Reserves and Borrowings Chart

Cash Flow - No data available for this post.

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-320.00-304.00-305.00-283.00-299.00-352.00-383.00-453.00-423.00-425.00-307.00-184.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 94859210413014015228714417443067
Inventory Days 16413212711414618923428320423040534
Days Payable 83749010915116716716010010923578
Cash Conversion Cycle 17514312910912516121941024729560023
Working Capital Days -6-18-22-25116208-6-65-369-596
ROCE %7%6%8%6%8%8%-0%-7%-6%-11%-10%21%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025
Promoters 65.80%65.80%65.80%65.80%65.80%65.80%65.80%65.80%60.81%60.81%38.77%33.56%
FIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.00%0.37%0.25%0.00%0.01%
DIIs 2.10%2.10%2.10%2.10%2.10%2.10%2.10%2.10%0.00%0.00%0.07%0.07%
Public 32.10%32.10%32.11%32.11%32.10%32.08%32.10%32.09%38.81%38.94%61.16%66.36%
No. of Shareholders 9,8509,8229,7879,63410,01410,56611,43911,30310,43910,18110,20210,237

Shareholding Pattern Chart

No. of Shareholders

Aarvee Denims & Exports Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 20Mar 19Mar 18
FaceValue 10.0010.0010.00
Basic EPS (Rs.) -17.880.462.39
Diluted EPS (Rs.) -17.880.462.39
Cash EPS (Rs.) -1.5214.9516.43
Book Value[Excl.RevalReserv]/Share (Rs.) 98.46116.42115.81
Book Value[Incl.RevalReserv]/Share (Rs.) 98.46116.42115.81
Revenue From Operations / Share (Rs.) 240.70320.36352.54
PBDIT / Share (Rs.) 15.2636.2335.28
PBIT / Share (Rs.) -1.0921.7521.24
PBT / Share (Rs.) -23.670.732.72
Net Profit / Share (Rs.) -17.870.462.39
NP After MI And SOA / Share (Rs.) -17.870.462.39
PBDIT Margin (%) 6.3411.3110.00
PBIT Margin (%) -0.456.786.02
PBT Margin (%) -9.830.220.77
Net Profit Margin (%) -7.420.140.67
NP After MI And SOA Margin (%) -7.420.140.67
Return on Networth / Equity (%) -18.150.392.06
Return on Capital Employeed (%) -0.6411.1812.30
Return On Assets (%) -4.970.110.61
Long Term Debt / Equity (X) 0.610.480.30
Total Debt / Equity (X) 1.781.571.39
Asset Turnover Ratio (%) 0.620.790.00
Current Ratio (X) 1.101.101.05
Quick Ratio (X) 0.590.650.65
Inventory Turnover Ratio (X) 1.562.220.00
Interest Coverage Ratio (X) 0.671.721.90
Interest Coverage Ratio (Post Tax) (X) 0.201.021.13
Enterprise Value (Cr.) 419.75465.29452.97
EV / Net Operating Revenue (X) 0.740.610.54
EV / EBITDA (X) 11.725.475.47
MarketCap / Net Operating Revenue (X) 0.030.070.12
Price / BV (X) 0.080.190.36
Price / Net Operating Revenue (X) 0.030.070.12
EarningsYield -2.160.020.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Varvee Global Ltd. is a Public Limited Listed company incorporated on 28/03/1988 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L17110GJ1988PLC010504 and registration number is 010504. Currently company belongs to the Industry of Textiles - Denim. Company's Total Operating Revenue is Rs. 42.45 Cr. and Equity Capital is Rs. 23.46 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Denim191, Moje Shahwadi, Opp. CNI Narol- Sarkhej Highway Ahmedabad Gujarat 382405Contact not found
Management
NamePosition Held
Mr. Jaimin Kailash GuptaChairman & Managing Director
Mr. Tarachand Gangasahay AgrawalWhole Time Director
Mr. Nipun V AroraNon Executive Director
Mr. Ravi Jitendra ModiIndependent Director
Ms. Aarti ThakkarIndependent Director
Mr. Kandarp G TrivediIndependent Director
Mr. Ankit N MittalIndependent Director

FAQ

What is the intrinsic value of Aarvee Denims & Exports Ltd and is it undervalued?

As of 05 April 2026, Aarvee Denims & Exports Ltd's intrinsic value is ₹595.15, which is 294.14% higher than the current market price of ₹151.00, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (348 %), book value (₹15.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Aarvee Denims & Exports Ltd?

Aarvee Denims & Exports Ltd is trading at ₹151.00 as of 05 April 2026, with a FY2026-2027 high of ₹197 and low of ₹41.2. The stock is currently in the middle of its 52-week range. Market cap stands at ₹390 Cr..

How does Aarvee Denims & Exports Ltd's P/E ratio compare to its industry?

Aarvee Denims & Exports Ltd has a P/E ratio of 21.8, which is above the industry average of 21.69. The premium over industry average may reflect growth expectations or speculative interest.

Is Aarvee Denims & Exports Ltd financially healthy?

Key indicators for Aarvee Denims & Exports Ltd: ROCE of 37.3 % indicates efficient capital utilization; ROE of 348 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is Aarvee Denims & Exports Ltd profitable and how is the profit trend?

Aarvee Denims & Exports Ltd reported a net profit of ₹19 Cr in Mar 2025 on revenue of ₹42 Cr. Compared to ₹-41 Cr in Mar 2022, the net profit shows an improving trend.

Does Aarvee Denims & Exports Ltd pay dividends?

Aarvee Denims & Exports Ltd has a dividend yield of 0.00 % at the current price of ₹151.00. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aarvee Denims & Exports Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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