Skip to main content
Swing Capital

Vardhman Textiles Ltd

NSE: VTL BSE: 502986Textile

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]

₹596
52W: ₹383 — ₹647
PE 23.3 · Book ₹352 · +69% vs book
Market Cap₹17,247 Cr
Stock P/E23.3Price to Earnings
ROCE9.04%Return on Capital
ROE7.49%Return on Equity
Div. Yield0.84%Face Value ₹2

Strengths

  • +Company has been maintaining a healthy dividend payout of 18.3%

Weaknesses

  • −The company has delivered a poor sales growth of 10.2% over past five years.
  • −Company has a low return on equity of 7.66% over last 3 years.

Shareholding Pattern

Promoters65.09%
FIIs5.69%
DIIs16.01%
Public13.19%
CategoryJun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters64.19%64.19%64.21%▲0.064.22%▲0.064.21%▼0.064.21%64.44%▲0.265.09%▲0.7
FIIs6.12%6.03%▼0.15.97%▼0.15.75%▼0.26.03%▲0.35.75%▼0.35.72%▼0.05.69%▼0.0
DIIs16.65%16.59%▼0.116.71%▲0.116.72%▲0.016.58%▼0.116.43%▼0.116.34%▼0.116.01%▼0.3
Public13.02%13.18%▲0.213.11%▼0.113.3%▲0.213.18%▼0.113.61%▲0.413.49%▼0.113.19%▼0.3

Financial Statements

MetricDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales2,2892,4132,2702,4552,4042,4582,3422,4172,4522,441
Expenses2,0512,1101,9262,1402,0942,1702,0172,0852,1742,158
Operating Profit237303344315310288326333278283
OPM %10%13%15%13%13%12%14%14%11%12%
Net Profit161187227220204229202189170179
EPS ₹5.576.457.857.67.047.926.976.555.886.19

AI Insights

Revenue Trend

Mar 2026 revenue at ₹9,652Cr, up 0.7% YoY. OPM at 13%.

Debt Position

Borrowings at ₹1,855Cr. Debt-to-equity ratio: 0.18x. Healthy balance sheet.

Capex Cycle

CWIP at ₹586Cr (12% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 16.01% (-0.94pp change). FIIs: 5.69% (-0.96pp change). Promoters hold 65.09%.

Margin & Efficiency

ROCE declining from 10% (Mar 2015) to 9% (Mar 2026). Working capital days: 189.

Valuation

PE 23.3x with 9.04% ROCE. Price is 69% above book value of ₹352. Dividend yield: 0.84%.

Recent Announcements