Gujarat-Based Textile Stock Hit Upper Circuit After Completing Bank Loan Repayment and Bank Debt-Free Status
The stock has given multibagger returns of 532.4 per cent from its 52-week low of Rs 22.13 per share.
Aarvee Denims and Exports Limited has announced a major financial achievement: the complete repayment of all its outstanding bank loans. As of June 3, 2025, the company is officially bank debt-free, marking a pivotal moment in its journey. This significant milestone eliminates ongoing interest costs and substantially enhances Aarvee Denims' financial flexibility, resilience and profitability.
This newfound financial strength positions Aarvee Denims for accelerated growth, innovation and market expansion. The company highlights that this achievement is a testament to its team's dedication, strategic financial management and commitment to excellence. With a reinforced financial foundation, Aarvee Denims and Exports Limited is now poised to confidently pursue new opportunities, build value and shape a stronger future.
DSIJ’s 'multibagger Pick’ service recommends well researched multibagger stocks with High Returns potential. If this interests you, do download the service details here.
About Aarvee Denims and Exports Ltd: Founded in 1988, is a leading textile manufacturer with over 30 years of experience. They specialise in a wide range of denim and non-denim fabrics, produced through integrated facilities. The company manufactures its yarn for internal use, also sourcing locally and selling surplus domestically. Aarvee Denims has a strong global presence, exporting to the US, Latin America, Europe, Turkey, Egypt, UAE and Bangladesh. Their clients include major international brands like H&M, VF Corp, Carrefour, Primark, MGB, Next, Jack & Jones and Tesco.
According to its annual results, the company reported net sales of Rs 42 crore and a net profit of Rs 19 crore in FY25, a significant turnaround from the net loss of Rs 45 crore in FY24, marking an increase of 142.22 per cent. The company has a market cap of Rs 328.32 crore with a PE of 17x whereas the industry PE is 25x. On Thursday, shares of Aarvee Denims and Exports Limited hit a 5 per cent upper circuit to Rs 138.95 per share from its previous closing of Rs 133.30 per share. The stock has given multibagger returns of 532.4 per cent from its 52-week low of Rs 22.13 per share.
Disclaimer: The article is for informational purposes only and not investment advice.