MarketFriction

Vardhman Textiles Ltd

NSE VTL · BSE 502986 · Other Textile Products
₹529.25 -1.00%
NSE close2026-10-01
52 week range385.50 - 688.00
Market cap₹15,335 Cr.
P/E18.1
Nifty 500Smallcap 250 Price band 20% Delivery 49.2%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,3972,3302,4592,3092,5022,4652,5092,3862,4802,5052,4982,703
Expenses2,1922,0852,1511,9612,1872,1532,2222,0602,1462,2212,2042,229
Operating Profit205244308348315313287326334284294474
OPM %9%10%13%15%13%13%11%14%13%11%12%18%
Other Income9886817993791338249746894
Interest221929181819232321262323
Depreciation104999797100101103109114118123126
Profit before tax178212264312291273293276249214217418
Tax %23%23%23%23%32%22%19%25%25%21%13%25%
Net Profit136162202240197212238208188168189315
EPS in Rs4.645.546.948.256.817.288.217.166.475.756.3910.70
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,8486,0306,2486,8786,7356,1409,62210,1379,5059,7859,86910,186
Expenses4,6724,8315,3455,6845,7985,3267,3488,8148,5318,5228,6308,800
Operating Profit1,1761,1999031,1949378142,2741,3249731,2631,2391,387
OPM %20%20%14%17%14%13%24%13%10%13%13%14%
Other Income158591215239187222264232369384274285
Interest89129118120135113100102102779293
Depreciation374343240254333364368394405401465481
Profit before tax8721,3187601,0596555592,0711,0608351,1689551,097
Tax %28%25%22%30%10%24%25%24%24%24%21%
Net Profit6249945927415914271,551805637887753860
EPS in Rs19.3134.1720.2425.4320.0814.4053.5427.5021.8430.5425.7629.31
Dividend Payout %15%8%15%14%0%24%62%13%18%16%19%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth5%10%-1%3%
Compounded Profit Growth2%11%-4%0%
Stock Price CAGR10%8%12%28%
Return on Equity10%10%8%7%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital636155565657575757575757
Reserves3,3133,9394,2184,8975,5355,9916,4127,6478,5079,0439,83910,457
Borrowings2,6402,6302,2382,3212,2782,2212,1321,9831,6781,7911,2381,855
Other Liabilities1,3638839909711,1491,0871,0221,2931,0941,0911,2991,499
Total Liabilities7,3787,5137,5028,2469,0189,3569,62210,98011,33511,98312,43313,868
Fixed Assets2,8752,6272,5912,6313,2013,6283,5293,4943,9373,7694,1505,094
CWIP838649106274142782415161252586
Investments8691,3131,8681,8341,3461,1451,0751,6912,5491,6991,8441,828
Other Assets3,5513,4882,9943,6764,1984,4414,9415,5544,7986,4546,1876,359
Total Assets7,3787,5137,5028,2469,0189,3569,62210,98011,33511,98312,43313,868
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity1,4129151,3501034998491681,4451,853-1,0551,6441,108
Cash from Investing Activity-315-451-343-167-278-379-116-899-1,4451,104-892-1,516
Cash from Financing Activity-975-365-1,18092-252-296-174-571-399-90-733398
Net Cash Flow12299-17328-30175-122-269-4119-10
Free Cash Flow1,1075381,127-253-384200-729361,238-1,329675-579
CFO/OP146%99%138%35%63%103%26%86%160%-87%149%107%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days444944444344625043474848
Inventory Days200249218242265276314231147273254244
Days Payable232331313237343222233433
Cash Conversion Cycle221274232255276283342249168296269259
Working Capital Days686247106116130182121102156164156
ROCE %11%14%15%11%14%10%8%23%11%9%11%9%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters64.11%64.13%64.13%64.19%64.19%64.21%64.22%64.21%64.21%64.44%65.09%65.08%
FIIs6.95%6.37%6.29%6.12%6.03%5.97%5.75%6.03%5.75%5.72%5.69%6.07%
DIIs16.70%16.84%16.54%16.65%16.59%16.71%16.72%16.58%16.43%16.34%16.01%14.69%
Public12.25%12.65%13.04%13.02%13.18%13.11%13.30%13.18%13.61%13.49%13.19%14.15%
No. of Shareholders66,67667,84868,94563,87071,87475,33777,42577,19784,32082,65788,12984,595

Fundamentals

Market Cap₹ 15,335 Cr.
Current Price₹ 530
Stock P/E18.1
Book Value₹ 363
ROCE8.55 %
ROE6.86 %
Dividend Yield0.94 %
Face Value₹ 2.00
Compounded Sales Growth (TTM)3%
Compounded Profit Growth (TTM)0%
Consolidated figures.
Valuation
Market capRs 15,064 Cr
Enterprise valueRs 16,835 Cr
P/E (TTM)17.77x
Price to book1.43x
Price to sales1.48x
EV / EBITDA10.07x
EV / EBIT14.14x
EV / sales1.65x
Price to cash flow13.59x
Earnings yield5.63%
Dividend yield0.94%
P/E, 3-year average17.55x
P/B, 3-year average1.31x
P/E, 5-year average14.23x
P/B, 5-year average1.30x
Profitability
Operating margin (excl. other income)12.55%
Operating margin (incl. other income)15.32%
EBITDA margin16.41%
Pre-tax margin10.77%
Net profit margin8.32%
Net margin, latest quarter11.46%
ROE7.30%
ROCE8.91%
ROA5.67%
ROE, 3-year average7.92%
ROCE, 3-year average9.70%
ROA, 3-year average6.11%
ROE, 5-year average11.07%
ROCE, 5-year average12.90%
ROA, 5-year average8.09%
ROIC (approx.)7.64%
Tax rate21.14%
Other income / net worth2.60%
Growth
Sales growth (latest year)0.86%
Profit growth (latest year)-15.63%
Sales CAGR, 3 years-0.89%
Sales CAGR, 5 years9.96%
Profit CAGR, 3 years-2.14%
Profit CAGR, 5 years12.46%
Sales growth QoQ8.21%
Profit growth QoQ67.74%
Sales growth YoY (latest quarter)13.31%
Profit growth YoY (latest quarter)49.55%
Per share
EPS (TTM)Rs 29.79
EPS (latest year)Rs 26.18
EPS (latest quarter)Rs 10.89
EPS, 3-year averageRs 26.48
EPS, 5-year averageRs 32.36
Book value per shareRs 369.40
Sales per shareRs 357.90
Cash flow per shareRs 38.93
Free cash flow per shareRs -20.34
Dividend per share (latest year)Rs 5.00
Dividend per share, 3-year averageRs 4.67
Dividend per share, 5-year averageRs 10.30
Dividends
Dividend payout19.09%
Dividend payout, 3-year average17.74%
Dividend payout, 5-year average25.64%
Efficiency
Asset turnover0.71x
Fixed asset turnover1.94x
Inventory turnover1.96x
Inventory days186 days
Debtor days48 days
Debtors turnover7.56x
Creditor days33 days
Cash conversion cycle259 days
Working capital days156 days
Leverage
Total debtRs 1,855 Cr
Cash and bankRs 83 Cr
Net debtRs 1,772 Cr
Debt to equity0.18x
Net debt / EBITDA1.06x
Interest coverage12.79x
Current ratio (filing 2026-03-31)4.15x
Quick ratio (filing 2026-03-31)1.98x
Trade payables (filing 2026-03-31)Rs 497 Cr
Owners' fund to total sources75.81%
Debt to assets13.38%
Cash flow
Cash from Operating Activity (latest year)Rs 1,108 Cr
Cash from Investing Activity (latest year)Rs -1,516 Cr
Cash from Financing Activity (latest year)Rs 398 Cr
Net Cash Flow (latest year)Rs -10 Cr
Free cash flow (latest year)Rs -579 Cr
FCFE (approx.: FCF + change in debt)Rs 38 Cr
Cash from ops / profit, 5 years1.08x
Sales to cash flow8.91x
Statement figures
Net sales (TTM)Rs 10,186 Cr
Net sales (latest year)Rs 9,869 Cr
Sales (latest quarter)Rs 2,703 Cr
Operating profit excl. other income (latest year)Rs 1,239 Cr
Operating profit (latest quarter)Rs 474 Cr
Other income (TTM)Rs 285 Cr
EBITDA (TTM)Rs 1,672 Cr
PBDT (TTM)Rs 1,578 Cr
Profit before tax (TTM)Rs 1,097 Cr
Tax (latest year)Rs 202 Cr
Net profit (TTM)Rs 848 Cr
Net profit (latest year)Rs 745 Cr
Net profit (latest quarter)Rs 310 Cr
Depreciation (TTM)Rs 481 Cr
Depreciation (latest quarter)Rs 126 Cr
Interest (TTM)Rs 93 Cr
Cost of goods sold (latest year)Rs 7,140 Cr
Total expenditure (latest year)Rs 8,630 Cr
Total income (latest year)Rs 10,143 Cr
Share capitalRs 57 Cr
ReservesRs 10,457 Cr
Shareholders' fundsRs 10,514 Cr
Total assetsRs 13,868 Cr
Net blockRs 5,094 Cr
Capital work in progressRs 586 Cr
InvestmentsRs 1,828 Cr
ReceivablesRs 1,306 Cr
InventoryRs 3,646 Cr
Other liabilitiesRs 1,499 Cr
Shares outstanding (crore)28.46
Ownership
Promoter holding65.08% (+0.87 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 17.8 is at the 74th percentile of its own 9.4-year range (median 11.9, low 4.9, high 35.0).
P/B 1.43 is at the 61th percentile (median 1.26).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodVTLNifty 50Difference
1 week-6.1%-2.8% -3.3 pts
1 month-12.1%-6.8% -5.3 pts
3 months-20.6%-7.6% -12.9 pts
6 months+1.1%+0.4% +0.7 pts
1 year+27.9%-9.9% +37.9 pts
2 years+11.9%-13.6% +25.4 pts
3 years+41.8%+14.2% +27.7 pts
5 years+44.0%+27.9% +16.1 pts
51 mutual fund schemes hold about ₹1,996 Cr. Over three months 41 bought more and 3 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Small Cap Fund1.28%534 +9%
Nippon India Small Cap Fund0.59%484 +8%
HDFC Mid Cap Fund0.33%357 +5%
DSP Small Cap Fund1.01%218 +3%
HSBC Value Fund1.00%155 +9%
HDFC Aggressive Hybrid Fund0.29%65 -1%
HDFC Dividend Yield Fund0.63%35 +15%
Bajaj Finserv Small Cap Fund1.06%28 -9%
DSP Multi Cap Fund0.81%25 +9%
Bank of India Small Cap Fund0.69%23 -12%
Sundaram Dividend Yield Fund2.06%17 +39%
Bajaj Finserv Multi Cap Fund0.74%12 -2%
Old Bridge Flexi Cap Fund2.58%10 +62%
Nippon India Nifty Smallcap 250 Index Fund0.26%9 +9%
SBI Nifty Smallcap 250 Index Fund0.26%5 +9%
Motilal Oswal Nifty Smallcap 250 Index Fund0.26%3 +9%
ITI Value Fund0.90%3 +12%
ICICI Pru Nifty Smallcap 250 Index Fund0.26%2 +9%
HDFC NIFTY Smallcap 250 Index Fund0.26%2 +9%
Samco Multi Asset Allocation Fund0.46%2 +2%
JioBlackRock Nifty Smallcap 250 Index Fund0.26%1 +9%
Nippon India Nifty 500 Equal Weight Index Fund0.18%1 +12%
Motilal Oswal Nifty 500 Index Fund0.03%1 +11%
Edelweiss Nifty Smallcap 250 Index Fund0.26%1 +9%
Groww Nifty Smallcap 250 Index Fund0.26%0 +9%

Red flags

F-score 4 of 8
explainDebt up, profit down Borrowings up 50% while net profit fell in 2026
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹2,703 Cr +13.3% vs Jun 2025. Net profit ₹315 Cr +51.4%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-08-28Dividend - Rs 5 Per Share
2025-09-12Dividend - Rs 5 Per Share
2024-09-06Annual General Meeting/Dividend - Rs 4 Per Share
2023-09-15Annual General Meeting/Dividend - Rs 3.50 Per Share
2022-09-16Annual General Meeting
2022-03-24Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share0.2000
2021-11-02 Interim Dividend - Rs 34 Per Share
2021-09-16 Annual General Meeting/Dividend - Rs 17.50 Per Share
2020-09-16 Annual General Meeting
2019-09-18 Annual General Meeting/Dividend - Rs 17.50 Per Share
2018-09-12 Annual General Meeting/Dividend- Rs 15 Per Share
2017-09-07 Annual General Meeting/Dividend - Rs 15 Per Share
2016-12-08 Buy Back
2016-08-25 Annual General Meeting
2016-03-17 Interim Dividend - Rs 15/- Per Share (Purpose Revised)
2015-08-05Dividend - Rs 10/- Per Share (Book Closure Date Revised)
2014-09-03Annual General Meeting / Dividend - Rs 6/- Per Share / Special Dividend - Rs 5/ -Per Share
2013-08-14Annual General Meeting / Dividend Rs 6 Per Share
2012-08-16Annual General Meeting / Dividend Rs 4.50 Per Share
2011-07-08Dividend-Rs.4.50 Per Share
2011-03-29Scheme Of Arrangement
2010-07-02Dividend-Rs.3/- Per Share
2009-07-09Agm/Div-Rs.2/- Per Share
2008-08-11Agm/Dividend-40%
2007-08-14Annual Book Closure
2007-03-22Interim Dividend-40% Purpose Revised
2006-07-28Agm/Dividend-40%
DateTypeWhat it says
2026-09-18Shareholder meetingVoting results of Annual General Meeting held on September 17, 2026.
2026-09-18Shareholder meetingVardhman Textiles Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on September 17, 2026.
2026-09-17Shareholder meetingProceedings of Annual General Meeting held on September 17, 2026.
2026-09-09UpdatesDemat Report for the month ended August, 2026.
2026-09-01AllotmentAllotment of 101000 securities pursuant to ESOP/ESPS at its meeting held on September 01, 2026.
2026-08-26General UpdatesDispatch of letter to the Members of the Company.
2026-08-25UpdatesBRSR for the FY 2025-26..
2026-08-25Shareholder meetingNotice of Annual General Meeting to be held on September 17, 2026.
2026-08-20Record DateRecord date for the purpose of Dividend is 28-Aug-2026.
2026-08-06UpdatesDemat Report for the month ended July, 2026..
2026-08-03Concall / analyst meetTranscript.
2026-07-31Concall / analyst meetLink of Recording.
2026-07-30Investor PresentationInvestor Presentation
2026-07-30Board meeting outcomeVardhman Textiles Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-28Concall / analyst meetSchedule of meet.
2026-07-07UpdatesDemat Report for the month ended June, 2026..
2026-06-26Shareholder meetingVardhman Textiles Limited has submitted the Exchange a copy Scrutinizers report of Postal Ballot ended 25.06.2026.
2026-06-26Shareholder meetingVoting results of Postal Ballot ended on 25.06.2026.
2026-06-25General UpdatesOutcome of Postal Ballot ended on 25.06.2026.
2026-06-06UpdatesDemat Report for the month ended May, 2026..
2026-06-02AllotmentAllotment of 194000 securities pursuant to ESOP/ESPS at its meeting held on Jun 02, 2026.
2026-05-29General UpdatesInvestment in Renew Green (MPR Four) Private Limited.
2026-05-29Concall / analyst meetOutcome of Analysts/ Investors Meet.
2026-05-29Amendment(s)Amendment(s).
2026-05-26Shareholder meetingNotice of Postal Ballot.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Order dateForumCase
2017-12-05CESTATVARDHMAN TEXTILES LIMITED ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
2017-09-19CESTATVARDHMAN TEXTILES LIMITED ---VS.--- DESIGNATED AUTHORITY DIRECTORATE GENERAL OF ANTI-DUMPING AND ALLIED DUTIES
Orders from NCLT, NCLAT and CESTAT naming the company. Click a row for the order.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Vardhman Textiles Ltd?

Vardhman Textiles Ltd (VTL) has a market capitalisation of Rs 15,335 Cr. at the 2026-10-01 close.

What is the P/E ratio of Vardhman Textiles Ltd?

Vardhman Textiles Ltd trades at a P/E of 18.1 on trailing twelve-month profit, at the 2026-10-01 close.

What were Vardhman Textiles Ltd's latest quarterly results?

In the Jun 2026 quarter, Vardhman Textiles Ltd sales was Rs 2,703 Cr (+13.3% vs Jun 2025) and net profit was Rs 315 Cr.

What is the 52-week high and low of Vardhman Textiles Ltd?

The 52-week high is Rs 688.00 and the 52-week low is Rs 385.50.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03