Vardhman Textiles logo

Vardhman Textiles

VTL NSE

Key Fundamentals

SmallcapCotton/BlendedTextiles
Market Cap
₹15,349 Cr
Volatility
Moderate
P/E Ratio
18.06
EBITDA
₹1,462 Cr
Return on Equity
7.11%
Debt to Equity
0.18
Book Value
₹363.11
EPS
₹25.37
52W High
₹688
52W Low
₹385.5

Tapetide Score

Data-driven rating, 0–100. How it works →

Key Insights

Strengths

1
  • Company has been maintaining a healthy dividend payout of 17.7%

Weaknesses

2
  • The company has delivered a poor sales growth of 9.96% over past five years.
  • Company has a low return on equity of 7.55% over last 3 years.

Growth Rate

Revenue Growth
-0.28% higher than 3Y
Net Income Growth
-15.06% lower than 3Y
Cash Flow Change
-32.59% lower than 3Y
ROE
-20.11% lower than 3Y
ROCE
-23.56% lower than 3Y
EBITDA Margin (Avg.)
-8.29% lower than 3Y

AI Analysis — Bull vs Bear

6d ago
AI opinion · based on fundamentals
Risk medium

Vardhman Textiles has a market cap of about ₹16,270 Cr and trades at a P/E of 19 and a P/B of 1.56, with a dividend yield of 0.89%. Its growth has slowed: sales grew at a 10% CAGR over 5 years, but the 3-year figure is -1% and TTM is 3%. Profit growth is 0% TTM and -4% over 3 years, and ROE has come down from 10% (5 and 10 years) to 7% last year. The stock has returned 33% over the past year, against a 10-year CAGR of 10%.

Bull Case 7
  • The P/B of 1.56 is modest for a large, established textile company, so the price is not far above book value.
  • The company has kept paying dividends, with a payout ratio of 17.7% and a dividend yield of 0.89%, which suggests steady cash generation.
  • Over 5 years, sales grew at a 10% CAGR and profit at an 11% CAGR, so the business has grown well in better parts of the cycle.
  • TTM sales growth of 3% is better than the 3-year CAGR of -1%, which may point to early signs of revenue stabilising.
  • The stock has returned 33% over the past year, well above its 10-year CAGR of 10%, which shows improving market sentiment.
  • ROE averaged 10% over both 5 and 10 years, so the company has shown it can earn low double-digit returns in normal conditions.
  • A market cap of about ₹16,270 Cr makes it one of the larger listed textile companies, which helps with scale and liquidity.
Bear Case 7
  • Return on equity is low: 7.55% on average over the last 3 years and 7% last year, below its own 10% average over 5 and 10 years.
  • Profit fell at a 4% CAGR over 3 years and was flat (0%) TTM, so earnings momentum is weak.
  • Sales fell at a 1% CAGR over 3 years, meaning revenue has shrunk over that period.
  • Over 10 years, profit grew at only a 2% CAGR and sales at 5%, which shows weak long-term compounding.
  • A P/E of 19 is high for a company with 0% TTM profit growth and a 7% ROE, so today's price may already assume a recovery.
  • The 33% one-year gain came while profit growth was flat, so the rally has been driven by a higher valuation multiple rather than higher earnings.
  • A dividend yield of 0.89% is small and offers little cushion if growth stays weak.

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago
Neutral 1
  • 53rd AGM adopts FY26 financials Sep 17

    Shareholders adopted the audited standalone financial statements for FY26 at the 53rd AGM on September 17, 2026. Vice-Chairperson Suchita Jain chaired the meeting.

TL;DR: The only news item is a routine AGM where shareholders adopted the FY26 audited standalone financials. The article includes no figures on revenue, margins, dividends or guidance, so it gives no fundamental signal either way. With no headwinds or positives reported, these articles don't show whether the trend is improving or deteriorating. Upcoming quarterly results, cotton price trends and export demand from the US and EU are likely to be the next real catalysts for the stock.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,318
2,397
2,330
2,459
2,309
2,502
2,465
2,509
2,386
2,480
2,505
2,498
2,703
Expenses
2,103
2,192
2,085
2,151
1,961
2,187
2,153
2,222
2,060
2,146
2,221
2,204
2,229
Operating Profit
215
205
244
308
348
315
313
287
326
334
284
294
474
OPM %
9%
9%
10%
13%
15%
13%
13%
11%
14%
13%
11%
12%
18%
Other Income
103
98
86
81
79
93
79
133
82
49
74
68
94
Interest
32
22
19
29
18
18
19
23
23
21
26
23
23
Depreciation
105
104
99
97
97
100
101
103
109
114
118
123
126
PBT
182
178
212
264
312
291
273
293
276
249
214
217
418
Tax %
25%
23%
23%
23%
23%
32%
22%
19%
25%
25%
21%
13%
25%
Net Profit
137
136
162
202
240
197
212
238
208
188
168
189
315
EPS in Rs
4.72
4.64
5.54
6.94
8.25
6.81
7.28
8.21
7.16
6.47
5.75
6.39
10.7
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
6,741
5,848
6,030
6,248
6,878
6,735
6,140
9,622
10,137
9,505
9,785
9,869
10,186
Expenses
5,623
4,672
4,831
5,345
5,684
5,798
5,326
7,348
8,814
8,531
8,522
8,630
8,800
Operating Profit
1,118
1,176
1,199
903
1,194
937
814
2,274
1,324
973
1,263
1,239
1,387
OPM %
17%
20%
20%
14%
17%
14%
13%
24%
13%
10%
13%
13%
14%
Other Income
161
158
591
215
239
187
222
264
232
369
384
274
285
Interest
125
89
129
118
120
135
113
100
102
102
77
92
93
Depreciation
532
374
343
240
254
333
364
368
394
405
401
465
481
PBT
622
872
1,318
760
1,059
655
559
2,071
1,060
835
1,168
955
1,097
Tax %
28%
28%
25%
22%
30%
10%
24%
25%
24%
24%
24%
21%
—
Net Profit
446
624
994
592
741
591
427
1,551
805
637
887
753
860
EPS in Rs
12.57
19.31
34.17
20.24
25.43
20.08
14.4
53.54
27.5
21.84
30.54
25.76
29.31
Div. Payout %
16%
15%
8%
15%
14%
0%
24%
62%
13%
18%
16%
19%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
63
61
55
56
56
57
57
57
57
57
57
57
Reserves
3,313
3,939
4,218
4,897
5,535
5,991
6,412
7,647
8,507
9,043
9,839
10,457
Borrowings
2,640
2,630
2,238
2,321
2,278
2,221
2,132
1,983
1,678
1,791
1,238
1,855
Other Liabilities
1,363
883
990
971
1,149
1,087
1,022
1,293
1,094
1,091
1,299
1,499
Total Liabilities
7,378
7,513
7,502
8,246
9,018
9,356
9,622
10,980
11,335
11,983
12,433
13,868
Fixed Assets
2,875
2,627
2,591
2,631
3,201
3,628
3,529
3,494
3,937
3,769
4,150
5,094
CWIP
83
86
49
106
274
142
78
241
51
61
252
586
Investments
869
1,313
1,868
1,834
1,346
1,145
1,075
1,691
2,549
1,699
1,844
1,828
Other Assets
3,551
3,488
2,994
3,676
4,198
4,441
4,941
5,554
4,798
6,454
6,187
6,359
Total Assets
7,378
7,513
7,502
8,246
9,018
9,356
9,622
10,980
11,335
11,983
12,433
13,868
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,412
915
1,350
103
499
849
168
1,445
1,853
-1,055
1,644
1,108
Investing
-315
-451
-343
-167
-278
-379
-116
-899
-1,445
1,104
-892
-1,516
Financing
-975
-365
-1,180
92
-252
-296
-174
-571
-399
-90
-733
398
Net Cash Flow
122
99
-173
28
-30
175
-122
-26
9
-41
19
-10
Free Cash Flow
1,107
538
1,127
-253
-384
200
-72
936
1,238
-1,329
675
-579
CFO/OP
146
99
138
35
63
103
26
86
160
-87
149
107
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
44
49
44
44
43
44
62
50
43
47
48
48
Inventory Days
200
249
218
242
265
276
314
231
147
273
254
244
Days Payable
23
23
31
31
32
37
34
32
22
23
34
33
Cash Conversion Cycle
221
274
232
255
276
283
342
249
168
296
269
259
Working Capital Days
68
62
47
106
116
130
182
121
102
156
164
156
ROCE %
11%
14%
15%
11%
14%
10%
8%
23%
11%
9%
11%
9%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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63 extracted metrics + investor summaries across FY06–FY27.

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Shareholding Pattern

Others2.50%Promot.65.08%FIIs6.07%Public11.66%DIIs14.69%As ofJun 2026

Documents

Frequently Asked Questions about Vardhman Textiles

What does Vardhman Textiles Ltd do?
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]
Where is Vardhman Textiles Ltd (VTL) listed?
Vardhman Textiles Ltd trades as VTL on the NSE and under code 502986 on the BSE.
Which sector does Vardhman Textiles Ltd belong to?
Vardhman Textiles Ltd is classified under the Textiles sector, in the Cotton/Blended industry.
What is the market capitalisation of Vardhman Textiles Ltd?
Vardhman Textiles Ltd has a market capitalisation of ₹15,349 Cr, which places it in the Mid Cap band.
What is the PE ratio of Vardhman Textiles Ltd?
Vardhman Textiles Ltd trades at a PE ratio of 18.06, on earnings per share of ₹25.37, against a book value of ₹363.11 per share.
What is the 52-week high and low of Vardhman Textiles Ltd?
Over the last 52 weeks Vardhman Textiles Ltd has traded between ₹385.5 and ₹688.
Does Vardhman Textiles Ltd pay dividends?
Vardhman Textiles Ltd has a dividend yield of 0.94%.
What is the Return on Equity (ROE) of Vardhman Textiles Ltd?
Vardhman Textiles Ltd reported a return on equity of 7.11%. Its debt-to-equity ratio is 0.18.

Company Information

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]

Website vardhman.com
CEO Mr. Shri Paul Oswal M.Com.
Employees 23,196
Listed 2003-01-14
Face Value ₹ 2
Issued Size 28,92,37,300

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