---
title: "Vardhaman Wires & Polymers Ltd (513705) — Share Price, Financials & Analysis"
symbol: "513705"
company: "Vardhaman Wires & Polymers Ltd"
canonical: "https://tapetide.com/stocks/513705"
isin: "INE157G01017"
bse_code: "513705"
generated_at: "2026-10-13T10:58:41.212Z"
---

# Vardhaman Wires & Polymers Ltd (513705)

Canonical page: https://tapetide.com/stocks/513705

## Company

- **BSE Code:** 513705
- **ISIN:** INE157G01017
- **Stock Type:** EQUITY
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vardhamanglobal.com

## Latest Price

## Growth Rates

| Metric | 1Y |
| --- | --- |
| net income growth | 125% |
| revenue growth | -11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Jun 2013 | Sep 2013 | Dec 2013 | Mar 2014 | Jun 2014 | Sep 2014 | Dec 2014 | Mar 2015 | Jun 2015 | Sep 2015 | Dec 2015 | Mar 2016 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.18 | 0.96 | 0.8 | 1.17 | 1.18 | 0.96 | 1.09 | 0.85 | 1.05 | 0.71 | 0.74 | 1.14 |
| Expenses | 1.27 | 1.14 | 0.58 | 2.12 | 1.27 | 1.14 | 1.14 | 0.8 | 1.02 | 1.47 | 0.44 | 0.96 |
| Operating Profit | -0.09 | -0.18 | 0.22 | -0.95 | -0.09 | -0.18 | -0.05 | 0.05 | 0.03 | -0.76 | 0.3 | 0.18 |
| OPM % | -7.63 | -18.75 | 27.5 | -81.2 | -7.63 | -18.75 | -4.59 | 5.88 | 2.86 | -107.04 | 40.54 | 15.79 |
| Other Income | 0.09 | 0.06 | 0.12 | 0.19 | 0.09 | 0.06 | 0.07 | 0.2 | 0.74 | -0.62 | 0.05 | 0.22 |
| Interest | 0 | 0 | 0 | 0.02 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0.03 | 0.01 | 0.01 | 0 | 0.03 | 0.03 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | 0 | -0.15 | 0.33 | -0.79 | 0 | -0.15 | -0.01 | 0.22 | 0.76 | -1.39 | 0.34 | 0.39 |
| Tax % | — | 0 | 0 | 17.72 | — | 0 | 0 | 9.09 | 0 | 0 | 0 | 5.13 |
| Net Profit | 0 | -0.15 | 0.33 | -0.93 | 0 | -0.15 | -0.01 | 0.2 | 0.76 | -1.39 | 0.34 | 0.38 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | TTM |
| --- | --- |
| Sales | 3.64 |
| Expenses | 3.89 |
| Operating Profit | -0.25 |
| OPM % | -6.87 |
| Other Income | 0.39 |
| Interest | 0 |
| Depreciation | 0.04 |
| Profit before tax | 0.1 |
| Net Profit | 0.09 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 | 19 |
| Reserves | 721 | 719 | 687 | 624 | 352 | 228 | 143 | 55 | 243 | 166 |
| Borrowings | 947 | 896 | 912 | 920 | 959 | 1068 | 1082 | 1052 | 550 | 627 |
| Other Liabilities | 142 | 176 | 201 | 231 | 250 | 241 | 329 | 576 | 732 | 665 |
| Total Liabilities | 1831 | 1810 | 1819 | 1794 | 1581 | 1556 | 1573 | 1703 | 1544 | 1477 |
| Fixed Assets | 1186 | 1148 | 1129 | 1096 | 1503 | 1479 | 1457 | 1434 | 1418 | 1396 |
| CWIP | 1 | 2 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| Investments | 561 | 563 | 567 | 574 | 1 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 82 | 97 | 122 | 122 | 75 | 76 | 115 | 267 | 125 | 81 |
| Total Assets | 1831 | 1810 | 1819 | 1794 | 1581 | 1556 | 1573 | 1703 | 1544 | 1477 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 42 | 82 | 104 | 101 | 109 | 47 | 15 | 43 | 72 | 437 |
| Cash from Investing Activity | 47 | 18 | 44 | 7 | 22 | -1 | -3 | 4 | 0 | -5 |
| Cash from Financing Activity | -82 | -98 | -153 | -109 | -134 | -47 | -11 | -29 | -38 | -431 |
| Net Cash Flow | 7 | 2 | -5 | -1 | -3 | -1 | 0 | 18 | 35 | 0 |

### Ratios

| Item | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 16 | 16 | 16 | 22 | 18 | 72 | 17 | 23 | 21 | 19 |
| Inventory Days | 92 | 110 | 117 | 106 | 103 | 187 | — | — | — | — |
| Days Payable | 398 | 478 | 477 | 588 | 818 | 3000 | — | — | — | — |
| Cash Conversion Cycle | -290 | -352 | -344 | -460 | -697 | -2741 | 17 | 23 | 21 | 19 |
| Working Capital Days | -327 | -217 | -218 | -254 | -367 | -1604 | -1148 | -809 | -933 | -1221 |
| ROCE % | 3 | 4 | 4 | 4 | 3 | -2 | -1 | 3 | 4 | 7 |

## Shareholding Pattern

### annual

| Category | Mar 2017 |
| --- | --- |
| Promoters | 19.37% |
| DIIs | 0.09% |
| Public | 80.54% |
| No. of Shareholders | 13213 |

### Quarterly

| Category | Jun 2016 | Sep 2016 | Dec 2016 | Mar 2017 |
| --- | --- | --- | --- | --- |
| Promoters | 19.37% | 19.37% | 19.37% | 19.37% |
| DIIs | 0.09% | 0.09% | 0.09% | 0.09% |
| Public | 80.54% | 80.54% | 80.54% | 80.54% |
| No. of Shareholders | 13210 | 13209 | 13210 | 13213 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 12 / 6 / 1

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 4987.32 | Buy |
| EMA (10) | 4999.41 | Buy |
| SMA (20) | 5009.91 | Buy |
| EMA (20) | 4939.24 | Buy |
| SMA (50) | 4752.85 | Buy |
| EMA (50) | 4888.41 | Buy |
| SMA (100) | 5010.96 | Buy |
| EMA (100) | 4970.37 | Buy |
| SMA (200) | 5198.25 | Sell |
| EMA (200) | 4973.43 | Buy |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 55.67 | Neutral |
| MACD (12,26,9) | 76.99 | Buy |
| Stochastic (14,3,3) | 59.71 | Neutral |
| ADX (14) | 27.21 | Buy |
| Williams %R (14) | -38.79 | Neutral |
| ATR (14) | 169.57 | High Volatility |
| ROC (12) | 2.65 | Buy |
| Stoch RSI (14) | 45.54 | Neutral |
| UO (7,14,28) | 52.75 | Neutral |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-06 | [Receipt Of Listing Approval Of 23180000 Equity Shares On Preferential Basis](https://www.bseindia.com/xml-data/corpfiling/AttachLive/44f7f5ee-9df7-479a-afbe-629048bea8ea.pdf) |
| 2026-03-03 | [Announcement Under Regulation 30 Of SEBI (LODR)- Levy Of Fine](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b3932297-d52f-4116-9322-457740fec111.pdf) |
| 2026-02-27 | [Announcement Under Regulation 30 (LODR) - Levy Of Fine](https://www.bseindia.com/xml-data/corpfiling/AttachHis/02460620-8739-400a-a669-70c7e87efa92.pdf) |
| 2026-02-27 | [Announcement Under Regulation 30 (LODR) - Withdrawal Of Credit Rating](https://www.bseindia.com/xml-data/corpfiling/AttachHis/19ef2ecb-72cd-47d3-8dd0-d21bcd752509.pdf) |
| 2026-02-14 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/34ac1986-6172-4500-ad97-602c36e1b5f2.pdf) |
| 2026-02-13 | [Un-Audited Financial Results For The Quarter Ended 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ec527d4b-9e16-4f8d-afaa-cd3cf6fce8d7.pdf) |
| 2026-02-13 | [Board Meeting Outcome for Un-Audited Financial Results For The Quarter Ended 31.12.2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bd792611-d023-43c2-abae-b27fc2a0b34c.pdf) |
| 2026-02-11 | [Disclosures under Reg. 29(1) of SEBI (SAST) Regulations, 2011](https://www.bseindia.com/xml-data/corpfiling/AttachHis/8007044F_DCF7_4338_AE09_9CF0215717DB_173838.pdf) |
| 2026-02-10 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/xml-data/corpfiling/AttachHis/035ce87b-cf50-4516-8c07-e37531a69d17.pdf) |
| 2017-05-29 | [Intimation Regarding Postponement Of Board Meeting For The Quarter And Year Ended 31St March, 2017.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=715a73e0-86f9-42bf-901d-8b61a712e57e.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f7db76ad-95df-4bac-958d-7e7268b17c50.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bf53a57a-6cf8-4aba-90fe-16a7e0c68a5e.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/64ae2e5b-e11e-4ce8-b249-1eed3e31d21b.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/500023/75721500023.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/500023/71373500023_22_09_21.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/500023/67694500023.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/500023/5000230319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/500023/5000230318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/500023/5000230317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/500023/5000230316.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-02-27 | Credit rating update — Infomerics |
| 2025-09-09 | Credit rating update — Infomerics |
| 2025-05-20 | Credit rating update — CRISIL |
| 2025-01-22 | Credit rating update — CRISIL |
| 2023-11-30 | Credit rating update — CRISIL |
| 2022-09-28 | Credit rating update — CRISIL |
| 2022-07-30 | Credit rating update — CRISIL |

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Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:58:41.212Z.