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Swing Capital

Vardhman Holdings Ltd

NSE: VHL BSE: 500439Banking

Incorporated in 1962, Vardhman Holdings Ltd is in the business of lending and investing activities[1]

₹3,450
52W: ₹2870 — ₹4469
PE 26.4 · Book ₹2947 · +17% vs book
Market Cap₹1,101 Cr
Stock P/E26.4Price to Earnings
ROCE5.56%Return on Capital
ROE3.96%Return on Equity
Div. Yield0.14%Face Value ₹10

Strengths

  • +Company is almost debt free.
  • +Stock is trading at 1.16 times its book value
  • +Company is expected to give good quarter
  • +Company's working capital requirements have reduced from 229 days to 37.2 days

Weaknesses

  • −The company has delivered a poor sales growth of 7.41% over past five years.
  • −Company has a low return on equity of 2.87% over last 3 years.
  • −Dividend payout has been low at 10.8% of profits over last 3 years

Shareholding Pattern

Promoters74.9%
FIIs0.05%
DIIs0.07%
Public24.99%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters74.9%74.9%74.9%74.9%74.9%74.9%74.9%74.9%
FIIs0.06%0.06%0.07%▲0.00.06%▼0.00.06%0.05%▼0.00.05%0.05%
DIIs0.53%0.13%▼0.40.06%▼0.10.06%0.06%0.06%0.07%▲0.00.07%
Public24.51%24.9%▲0.424.98%▲0.124.98%24.99%▲0.024.99%24.99%24.99%

Financial Statements

MetricSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales30.277.730.076.640.746.572.23.4144.475.75
Expenses0.740.42.721.282.521.40.980.320.360.5
Operating Profit29.537.33-2.655.3238.225.171.223.0944.115.25
OPM %97.56%94.83%-3785.71%80.61%93.81%78.69%55.45%90.62%99.19%91.3%
Net Profit23.096.86-1.664.4925.995.051.282.6633.214.56
EPS ₹72.3521.49-5.214.0781.4415.824.018.33104.0614.29

AI Insights

Revenue Trend

TTM revenue at ₹56Cr, up 0% YoY. OPM at 96%.

Debt Position

Borrowings at ₹0Cr. Debt-to-equity ratio: 0.00x. Healthy balance sheet.

Institutional Flow

DIIs: 0.07% (-0.89pp change). FIIs: 0.05% (+0.02pp change). Promoters hold 74.9%.

Margin & Efficiency

ROCE declining from 9% (Mar 2014) to 6% (Mar 2025). Working capital days: 37.

Valuation

PE 26.4x with 5.56% ROCE. Price is 17% above book value of ₹2,947. Dividend yield: 0.14%.

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