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Vardhman Textiles Ltd

₹ 418-0.76%
16 Jan 4:01 p.m. – close price
🔗vardhman.com•BSE: 502986•NSE: VTL
Market Cap₹ 12,083 Cr.
Current Price₹ 418
High / Low₹ 540
Stock P/E14.7
Book Value₹ 340
Dividend Yield1.16 %
ROCE10.7 %
ROE8.86 %
Face Value₹ 2.00
Sales₹ 9,622 Cr.
OPM13.0 %
Mar Cap₹ 12,083 Cr.

ABOUT

Vardhman textiles is engaged in the business of manufacturing Yarn, Fabric, Acrylic Fiber and Garments, the Group has over the years developed as a business conglomerate with a presence in India and in 75 countries across the globe.[1]

KEY POINTS

Market Position[1]The group is among the top three woven fabric manufacturers in India, with grey and processed fabric capacities of 220 million metres per annum (MMPA) and 180 MMPA, respectively.

Also present in buckets:
Aggressive Growth TriggersAsset Base ExpansionCapacity Expansion And ProductsJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.K P R Mill Ltd838.5534.2728662.830.57218.036.361632.0310.2719.846696.5018.81837.53218.035.3413.490.06
2.Trident25.5029.2312994.681.9390.939.301787.174.339.487025.4913.73443.8590.932.865.010.35
3.Vardhman Textile417.7514.6712082.851.16189.39-13.772417.44-1.5210.669621.8813.05823.54189.391.256.960.15
4.Welspun Living121.2532.8911629.711.3714.86-93.542440.91-15.0414.419836.999.91353.1812.982.416.510.56
5.Alok Industries15.56–7725.850.00-217.6320.32858.24-0.65-4.763684.780.03-750.79-217.53–-12.86–
6.Garware Tech.624.9030.416203.121.2931.94-51.50347.90-17.2824.681498.4018.65203.9131.994.7813.130.10
7.Raymond Lifestyl941.0072.365732.920.0075.19-13.601832.407.272.876511.197.6279.2578.610.600.480.26
–Median: 104 Co.130.0320.06406.310.05.4513.29129.712.618.61454.238.3415.665.361.63.10.47

Quarterly Results

Standalone figures in ₹ crores

Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Sales
2,3872,2942,4282,2632,3342,2892,4132,2702,4552,4042,4582,3422,417
Expenses
2,0382,1272,1702,0452,1342,0512,1101,9262,1402,0942,1702,0172,085
Operating Profit
349167258218200237303344315310288326333
Other Income
2968739291866465110731207251
Profit before tax
256117199174167206244295309264282266249
Tax %
24%22%24%25%23%22%23%23%29%23%19%24%24%
Net Profit
19591150131128161187227220204229202189
EPS in Rs
6.743.135.204.554.445.576.457.857.607.047.926.976.55

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
5,1595,7305,6025,6915,8516,4156,3255,9269,3869,8419,2999,5879,622
Expenses
3,8984,7894,4944,5604,9935,2835,4425,1597,1248,5568,3408,3308,366
Operating Profit
1,2619421,1081,1318591,1328837672,2621,2859581,2571,256
Other Income
64158241628185218172188385193334367315
Interest
152122871251141181331131001021027785
Depreciation
294489363329229241319358362389399398425
Profit before tax
8794898991,3057019906034842,1869877911,1501,061
Net Profit
6523596761,0025466965453671,677749608879824
EPS in Rs
20.4811.2821.2534.8719.0024.2118.9712.7458.0725.9121.0130.4028.48
Dividend Payout %
11%18%14%8%16%14%0%27%59%14%19%16%–

Compounded Sales Growth

10 Years:5%
5 Years:9%
3 Years:1%
TTM:2%

Compounded Profit Growth

10 Years:9%
5 Years:10%
3 Years:-21%
TTM:4%

Stock Price CAGR

10 Years:11%
5 Years:15%
3 Years:11%
1 Year:-13%

Return on Equity

10 Years:12%
5 Years:11%
3 Years:8%
Last Year:9%

Balance Sheet

Standalone figures in ₹ crores

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
64646256575758585858585858
Reserves
2,7853,0203,6283,9304,5755,1825,6096,0817,4818,2368,7479,5209,774
Borrowings
3,2272,5062,5962,1982,2822,2382,1972,1321,9801,6771,7901,2381,478
Other Liabilities
8057167007757828928647931,0568908911,0841,305
Total Liabilities
6,8806,3056,9856,9597,6968,3698,7279,06410,57610,86111,48711,90012,615
Fixed Assets
2,7752,4962,5002,4582,5073,0593,4813,4683,4363,8803,7114,0904,173
Gross Block
5,036.245,296.705,632.113,173.083,373.814,163.784,889.565,276.145,593.106,419.306,635.387,363.44–
Accumulated Depreciation
2,261.562,800.433,131.99714.93867.041,104.941,408.441,808.182,157.412,538.802,924.613,273.08–
CWIP
85778549105274139782414761252871
Investments
7126741,0701,6431,5921,0871,0318131,4582,2471,3621,4761,455
Other Assets
3,3093,0583,3302,8093,4923,9504,0754,7055,4414,6876,3536,0816,116
Total Assets
6,8806,3056,9856,9597,6968,3698,7279,06410,57610,86111,48711,90012,615

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
7061,2118691,289904478511151,4301,815-1,0621,619
Cash from Investing Activity
-677-144-480-252-160-227-462-31-883-1,4061,107-870
Cash from Financing Activity
-2-944-288-1,21397-247-278-199-521-397-86-730
Net Cash Flow
26123101-17527-28111-1142613-4219

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
524350464543466351444749
Inventory Days
292192240208244269274317233146273254
Days Payable
151519232826323029192130
Cash Conversion Cycle
329220271231261286288350255170299274
Working Capital Days
93646046108119134187124104158167
ROCE %
18%10%16%15%11%14%9%7%25%11%8%11%

Shareholding Pattern

Numbers in percentages

Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
63.85%63.85%64.07%64.11%64.13%64.13%64.19%64.19%64.21%64.22%64.21%64.21%
FIIs
7.07%6.85%6.65%6.95%6.37%6.29%6.12%6.03%5.97%5.75%6.03%5.75%
DIIs
16.85%17.01%16.95%16.70%16.84%16.54%16.65%16.59%16.71%16.72%16.58%16.43%
Public
12.21%12.30%12.32%12.25%12.65%13.04%13.02%13.18%13.11%13.30%13.18%13.61%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Vardhman Textiles Reports 10,065 Shares Dematerialized in March 2026

8th April 2026, 9:52 pm

Vardhman Textiles Limited Confirms SEBI Compliance for Share Dematerialization

6th April 2026, 10:57 pm

Vardhman Textiles to Close Trading Window for Financial Results

30th March 2026, 8:24 pm

Vardhman Textiles Members Approve Memorandum Alteration Via Postal Ballot

12th March 2026, 5:48 pm

Vardhman Textiles: Members Approve Resolution to Alter Memorandum of Association via Postal Ballot

12th March 2026, 5:44 pm

Published by Other Websites

External media mentions & references

Promoter Stake Hikes Signal Confidence in Infosys, Godrej, Vardhman

2nd March 2026, 12:17 pm

Govt Halves Textile Export Benefits; Gokaldas, Arvind Shares Tumble

24th February 2026, 12:46 pm

Experts Reveal 9 Top Stock Buy Ideas for February 23

23rd February 2026, 1:58 am

Three Stocks Form Golden Cross: Bullish Signals Point to 11% Upside

20th February 2026, 8:52 am

Textile Rally: US Trade Deal Hype vs. Real-World Challenges

13th February 2026, 2:03 pm

News Articles

Editorial & research coverage

Textile Rally: US Trade Deal Hype vs. Real-World Challenges
Textile Rally: US Trade Deal Hype vs. Real-World Challenges

13th February 2026, 2:03 pm

Bangladesh Trade Deal Triggers Textile Sell-off
Bangladesh Trade Deal Triggers Textile Sell-off

10th February 2026, 9:07 pm

Textile Stocks Tumble on US-Bangladesh Deal; Deeper FTAs Signal Resilience
Textile Stocks Tumble on US-Bangladesh Deal; Deeper FTAs Signal Resilience

10th February 2026, 2:46 pm

BSE Earnings Shine Amid STT Hike; EMS, Textiles Sector Outlook Mixed
BSE Earnings Shine Amid STT Hike; EMS, Textiles Sector Outlook Mixed

10th February 2026, 10:43 am

Bangladesh-US Trade Pact Sparks Indian Textile Export Worries
Bangladesh-US Trade Pact Sparks Indian Textile Export Worries

10th February 2026, 9:46 am

Documents

Announcements

Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

9 Jan - RTA Alankit certificate under Reg 74(5) for quarter ended 31-Dec-2025 confirming cancellation and dematerialisation of physical equity certificates.

Demat Report For The Month Ended December, 2025.

8 Jan - 3,090 equity shares dematerialised during December 2025; CDSL and NSDL details provided.

Closure of Trading Window
Announcement under Regulation 30 (LODR)-Newspaper Publication
Update On Investment In Sone Solar Energy One Private Limited.

12 Dec 2025 - Subscribed Rs5.05 crore on 12-Dec-2025 for 19.5% stake in 30MWac Sone Solar project.

Annual Reports

Financial Year 2025

(from bse)

Financial Year 2024

(from bse)

Financial Year 2023

(from bse)

Financial Year 2022

(from bse)

Financial Year 2021

(from bse)

Financial Year 2020

(from bse)

Financial Year 2019

(from bse)

Financial Year 2018

(from bse)

Financial Year 2017

(from bse)

Financial Year 2016

(from bse)

Financial Year 2015

(from bse)

Financial Year 2014

(from bse)

Financial Year 2013

(from bse)

Financial Year 2012

(from bse)

Financial Year 2011

(from bse)

Credit Ratings

Rating update

8 Dec 2025 from fitch

Rating update

27 Oct 2025 from crisil

Rating update

2 May 2025 from crisil

Rating update

20 Feb 2025 from crisil

Rating update

23 Dec 2024 from crisil

Rating update

18 Dec 2024 from fitch

Concalls

Oct 2025

TranscriptPPTRecording

Jul 2025

TranscriptPPTRecording

May 2025

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Jan 2025

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Nov 2024

TranscriptRecording

Aug 2024

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Jan 2024

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Nov 2023

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Aug 2023

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May 2023

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Jan 2023

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Nov 2022

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Jul 2022

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May 2022

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Jun 2021

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Oct 2020

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Nov 2019

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Feb 2019

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Nov 2018

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May 2017

PPT

May 2016

PPT

Stock Analysis

Description

  1. Vardhman Textiles Limited is engaged in manufacturing Yarn, Fabric, Acrylic Fiber, and Garments, with a global presence across 75 countries. The group is among the top three woven fabric manufacturers in India.

Key Growth Triggers

  1. The company is undertaking modernization and capacity expansion initiatives, focusing on yarn and processed fabrics.

Order Book

  1. Currently no data available for Order Book.

Key Red Flags

  1. The company has delivered a poor sales growth of 8.67% over the past five years.
  2. Vardhman Textiles has shown a low return on equity of 8.16% over the last three years.

Key Dates To Watch

  1. January 21, 2026: Board meeting to consider and approve unaudited financial results for Q2 and H1 FY26.

Corporate Announcements

8th Apr 26
Impact Rating: 3
In compliance with SEBI regulations, Vardhman Textiles Limited has completed the dematerialization of 10,065 equity shares. This process occurred throughout March 2026, with certificates being cancelled and updated in the company's records.
6th Apr 26
Impact Rating: 2
Vardhman Textiles Limited's registrar confirmed compliance with SEBI regulations for the quarter ending March 31, 2026, stating that physical share certificates were processed for dematerialization.
30th Mar 26
Impact Rating: 6
Vardhman Textiles Limited will shut its trading window starting April 1, 2026, as per SEBI rules. It reopens 48 hours post the announcement of its audited financial results for fiscal year 2025-26.
12th Mar 26
Impact Rating: 6
Vardhman Textiles Limited announced that its members have successfully passed a special resolution concerning the alteration of the company's Memorandum of Association through a postal ballot, with the voting results submitted.
12th Mar 26
Impact Rating: 7
Vardhman Textiles Limited confirmed members approved a key resolution to alter the Memorandum of Association. The company submitted postal ballot results and scrutinizer's report on March 11, 2026, post-voting.