Varvee Global: Small-Cap Stock Trades with Modest Gain Ahead of Stock Split

Key Highlights

• Varvee Global, a small-cap stock, traded with a modest gain of 1% in Friday's trading session, reaching a day's high of ₹132 apiece.
• The company has fixed Monday, March 02 as the record date for the stock split, with Friday, February 27 being the last trading day for investors to buy shares.
• The stock split, approved on January 16, will be in the ratio of 1:2, with each fully paid-up equity share divided into five shares, and the face value adjusting from ₹10 to ₹5.

Stock Split Details

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• The stock split is expected to improve liquidity and widen retail participation in the stock.
• The move aims to make shares more affordable and attractive to a larger pool of investors, without affecting the company's business or fundamentals.
• The record date is key in deciding which shareholders are eligible for the split, and buying shares on the record date alone will not make an investor eligible.

Company Performance

• Varvee Global reported a consolidated net profit of ₹5.35 crore in the December-ending quarter, marking a sharp turnaround from a net loss of ₹6.94 crore.
• The consolidated revenue from operations during the reporting quarter came in at ₹12.14 crore, higher than the ₹5.94 crore posted in the same period last year.

Business Overview

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• Varvee Global Integrated is a textile manufacturer offering a comprehensive range of denim, non-denim, shirting, and suiting fabrics.
• The company has focused on operational efficiency, cost optimisation, and technology-led supply chain enhancements since a strategic restructuring and leadership transition in 2025.

Share Price Trend

• The small-cap stock has been moving higher in recent years without any major pullbacks, emerging as one of the biggest wealth creators in the Indian stock market.
• The stock has gained 604% since June 2024, and has delivered a cumulative return of 505% over the last three years and 626% over the last five years.