Vardhman Textiles Ltd

Vardhman Textile Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vardhman Textiles Ltd

₹ 525 -3.31%
20 Dec - close price
vardhman.com BSE: 502986 NSE: VTL
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
The group is among the top three woven fabric manufacturers in India. [1]

Website BSE NSE
  • Market Cap ₹ 15,182 Cr.
  • Current Price ₹ 525
  • High / Low ₹ 592 / 375
  • Stock P/E 19.1
  • Book Value ₹ 326
  • Dividend Yield 0.76 %
  • ROCE 8.73 %
  • ROE 7.09 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.

Cons

  • Company has a low return on equity of 12.3% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

Part of BSE 250 SmallCap Index Nifty 500 Multicap 50:25:25 Nifty Smallcap 250 Nifty MidSmallcap 400 BSE 400 MidSmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
2,385 2,603 2,707 2,812 2,470 2,370 2,486 2,318 2,397 2,330 2,459 2,309 2,502
1,709 1,984 2,208 2,286 2,112 2,192 2,224 2,103 2,192 2,085 2,151 1,961 2,187
Operating Profit 676 619 499 526 358 179 262 215 205 244 308 348 315
OPM % 28% 24% 18% 19% 14% 8% 11% 9% 9% 10% 13% 15% 13%
77 73 60 32 41 77 83 103 98 86 81 79 93
Interest 24 21 29 26 25 21 30 32 22 19 29 18 18
Depreciation 92 92 92 93 99 99 104 105 104 99 97 97 100
Profit before tax 638 579 438 438 275 136 211 182 178 212 264 312 291
Tax % 24% 25% 27% 24% 25% 23% 24% 25% 23% 23% 23% 23% 32%
482 432 321 333 207 105 160 137 136 162 202 240 197
EPS in Rs 16.70 14.86 11.15 11.39 7.09 3.54 5.49 4.72 4.64 5.54 6.94 8.25 6.81
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
4,939 6,128 6,741 5,848 6,030 6,248 6,878 6,735 6,140 9,622 10,137 9,505 9,600
3,964 4,668 5,623 4,672 4,831 5,345 5,684 5,798 5,326 7,348 8,814 8,531 8,384
Operating Profit 975 1,460 1,118 1,176 1,199 903 1,194 937 814 2,274 1,324 973 1,216
OPM % 20% 24% 17% 20% 20% 14% 17% 14% 13% 24% 13% 10% 13%
51 74 161 158 591 215 239 187 222 264 232 369 339
Interest 177 151 125 89 129 118 120 135 113 100 102 102 83
Depreciation 295 335 532 374 343 240 254 333 364 368 394 405 393
Profit before tax 553 1,048 622 872 1,318 760 1,059 655 559 2,071 1,060 835 1,078
Tax % 30% 27% 28% 28% 25% 22% 30% 10% 24% 25% 24% 24%
385 766 446 624 994 592 741 591 427 1,551 805 637 801
EPS in Rs 11.20 22.57 12.57 19.31 34.17 20.24 25.43 20.08 14.40 53.54 27.50 21.84 27.54
Dividend Payout % 11% 10% 16% 15% 8% 15% 14% 0% 24% 62% 13% 0%
Compounded Sales Growth
10 Years: 4%
5 Years: 7%
3 Years: 16%
TTM: 0%
Compounded Profit Growth
10 Years: -1%
5 Years: -1%
3 Years: 15%
TTM: 50%
Stock Price CAGR
10 Years: 19%
5 Years: 23%
3 Years: 6%
1 Year: 34%
Return on Equity
10 Years: 12%
5 Years: 11%
3 Years: 12%
Last Year: 7%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 63 63 63 61 55 56 56 57 57 57 57 57 57
Reserves 2,444 3,070 3,313 3,939 4,218 4,897 5,535 5,991 6,412 7,647 8,507 9,043 9,369
3,174 3,373 2,640 2,630 2,238 2,321 2,278 2,221 2,132 1,983 1,678 1,791 951
1,109 1,360 1,363 883 990 971 1,149 1,087 1,022 1,293 1,094 1,091 1,274
Total Liabilities 6,789 7,865 7,378 7,513 7,502 8,246 9,018 9,356 9,622 10,980 11,335 11,983 11,651
2,704 3,154 2,875 2,627 2,591 2,631 3,201 3,628 3,529 3,494 3,937 3,769 3,731
CWIP 213 94 83 86 49 106 274 142 78 241 51 61 271
Investments 581 784 869 1,313 1,868 1,834 1,346 1,145 1,075 1,691 2,549 1,699 2,687
3,291 3,833 3,551 3,488 2,994 3,676 4,198 4,441 4,941 5,554 4,798 6,454 4,961
Total Assets 6,789 7,865 7,378 7,513 7,502 8,246 9,018 9,356 9,622 10,980 11,335 11,983 11,651

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
333 834 1,412 915 1,350 103 499 849 168 1,445 1,853 -1,055
-517 -780 -315 -451 -343 -167 -278 -379 -116 -899 -1,445 1,104
165 -39 -975 -365 -1,180 92 -252 -296 -174 -571 -399 -90
Net Cash Flow -19 16 122 99 -173 28 -30 175 -122 -26 9 -41

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 55 52 44 49 44 44 43 44 62 50 43 47
Inventory Days 281 296 200 249 218 242 265 276 314 231 147 273
Days Payable 13 22 23 23 31 31 32 37 34 32 22 23
Cash Conversion Cycle 323 326 221 274 232 255 276 283 342 249 168 296
Working Capital Days 166 149 93 127 111 154 163 170 215 161 129 209
ROCE % 13% 18% 11% 14% 15% 11% 14% 10% 8% 23% 11% 9%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
63.15% 62.93% 62.91% 63.75% 63.85% 63.85% 64.07% 64.11% 64.13% 64.13% 64.19% 64.19%
6.30% 8.26% 7.51% 6.99% 7.07% 6.85% 6.65% 6.95% 6.37% 6.29% 6.12% 6.03%
18.84% 16.52% 16.56% 16.71% 16.85% 17.01% 16.95% 16.70% 16.84% 16.54% 16.65% 16.59%
0.00% 0.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
11.71% 11.95% 13.01% 12.51% 12.21% 12.30% 12.32% 12.25% 12.65% 13.04% 13.02% 13.18%
No. of Shareholders 57,31174,44985,45381,99976,00274,07768,70866,67667,84868,94563,87071,874

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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