āagman

Not investment advice. Data and computed figures, for information only.

Vardhman Textiles Ltd

NSE: VTL
₹539.00
+₹3.75 (+0.70%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹15,295 Cr
CMP
₹539.00
52-wk High / Low
₹688 / 391
P/E
18.0
P/B
1.5
Book Value
₹363.0
Div Yield
0.95%
ROCE
9.0%
ROE
6.9%
Face Value
₹2
D/E
0.18

Price+34.1% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 15 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹459
√(22.5 × EPS × book value per share)
ROIC
4.9%
vs 4.9% sector median
Cash flow to profit
1.47
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+387
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
5.7%
ROE × earnings retention ratio
ROE stability
4.9
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.03FII +0.74DII −1.85
Latest quarter vs the previous one
Cash-accrual divergence
−2.7%
of assets
Low = accruals track cash flow
Strengths
+Borrowings are down 29.5% since FY2016 (2630 to 1855)
+Promoter holding rose by 1.2pp over the last year
+PE of 18x is below the sector median of 39.5x
Watch-outs
−Price trades below its 200-day moving average (1.0x)

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,3182,3972,3302,4592,3092,5022,4652,5092,3862,4802,5052,4982,703
Expenses2,1032,1922,0852,1511,9612,1872,1532,2222,0602,1462,2212,2042,229
Operating Profit215205244308348315313287326334284294474
OPM %9.3%8.6%10.5%12.5%15.1%12.6%12.7%11.4%13.7%13.5%11.3%11.8%17.5%
Other Income1039886817993791338249746894
Interest32221929181819232321262323
Depreciation105104999797100101103109114118123126
Profit before tax182178212264312291273293276249214217418
Net Profit137136162202240197212238208188168189315
EPS (₹)4.724.645.546.948.256.817.288.217.166.475.756.3910.70

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales6,7415,8486,0306,2486,8786,7356,1409,62210,1379,5059,7859,86910,186
Expenses5,6234,6724,8315,3455,6845,7985,3267,3488,8148,5318,5228,6308,800
Operating Profit1,1181,1761,1999031,1949378142,2741,3249731,2631,2391,387
OPM %16.6%20.1%19.9%14.5%17.4%13.9%13.3%23.6%13.1%10.2%12.9%12.6%13.6%
Other Income161158591215239187222264232369384274285
Interest12589129118120135113100102102779293
Depreciation532374343240254333364368394405401465481
Profit before tax6228721,3187601,0596555592,0711,0608351,1689551,097
Net Profit4466249945927415914271,551805637887753860
EPS (₹)12.5719.3134.1720.2425.4320.0814.4053.5427.5021.8430.5425.7629.31

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 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—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity8341,4129151,3501034998491681,4451,853−1,0551,6441,108
Cash from Investing Activity−780−315−451−343−167−278−379−116−899−1,4451,104−892−1,516
Cash from Financing Activity−39−975−365−1,18092−252−296−174−571−399−90−733398
Net Cash Flow1612299−17328−30175−122−269−4119−10

Ratios

As of 31 Mar 2026
13 periods
Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %18.011.014.015.011.014.010.08.023.011.09.011.09.0
ROE %————————————6.9
EPS (₹)22.5712.5719.3134.1720.2425.4320.0814.4053.5427.5021.8430.5425.76
Book Value (₹)————————————363.0
Face Value (₹)————————————2
P/E————————————18.0
Div Yield %————————————0.95
NPM %12.56.510.415.09.210.48.56.715.77.86.58.77.4
OPM %24.017.020.020.014.017.014.013.024.013.010.013.013.0
D/E1.080.780.660.520.470.410.370.330.260.200.200.130.18
P/B————————————1.5

Growth

As of 11 Oct 2026
Compounded sales growth
10 years+5.0%
5 years+10.0%
3 years−1.0%
TTM+3.0%
Compounded profit growth
10 years+2.0%
5 years+11.0%
3 years−4.0%
TTM+0.0%
Stock price CAGR
10 years+9.0%
5 years+5.0%
3 years+12.0%
Last year+31.0%
Return on equity
10 years10.0%
5 years10.0%
3 years8.0%
Last year7.0%

Shareholding pattern

As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters61.84%61.84%61.84%62.15%62.15%62.20%63.27%62.93%63.85%64.13%64.22%65.09%65.06%
FIIs11.02%11.02%11.02%10.58%7.52%7.37%4.26%8.26%6.85%6.29%5.75%5.69%6.43%
DIIs11.69%11.69%11.69%14.79%19.81%20.80%21.56%16.52%17.01%16.54%16.72%16.01%14.16%
Government0.00%0.00%0.00%0.18%0.21%0.00%0.00%0.34%0.00%0.00%0.00%0.00%0.00%
Public15.45%15.45%15.45%12.30%10.32%9.63%10.91%11.95%12.30%13.04%13.30%13.19%14.35%
No. of shareholders21,33121,33121,33123,16621,80219,82320,94974,44974,07768,94577,42588,12984,086
Change since Jun 2023 (pp)
Promoters +3.22FIIs −4.59DIIs +2.47Public −1.10

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Demat Report For The Month Ended September, 2026.Announcement under Regulation 30 (LODR)-Memorandum of Understanding /AgreementsClosure of Trading WindowShareholder Meeting / Postal Ballot-Outcome of AGM
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingMay 2026TranscriptMay 2026PPTJan 2026TranscriptJan 2026PPTJan 2026RecordingOct 2025TranscriptOct 2025PPTOct 2025RecordingJul 2025TranscriptJul 2025PPTJul 2025Recording

Corporate actions

As of 28 Aug 2026
28 Aug 2026DIVIDENDDividend - Rs 5 Per Share—
12 Sep 2025DIVIDENDDividend - Rs 5 Per Share—
6 Sep 2024DIVIDENDAnnual General Meeting/Dividend - Rs 4 Per Share—
15 Sep 2023DIVIDENDAnnual General Meeting/Dividend - Rs 3.50 Per Share—
24 Mar 2022SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share10 : 2
2 Nov 2021DIVIDEND Interim Dividend - Rs 34 Per Share—
16 Sep 2021DIVIDEND Annual General Meeting/Dividend - Rs 17.50 Per Share—
18 Sep 2019DIVIDEND Annual General Meeting/Dividend - Rs 17.50 Per Share—
12 Sep 2018DIVIDEND Annual General Meeting/Dividend- Rs 15 Per Share—
7 Sep 2017DIVIDEND Annual General Meeting/Dividend - Rs 15 Per Share—
17 Mar 2016DIVIDEND Interim Dividend - Rs 15/- Per Share (Purpose Revised)—
5 Aug 2015DIVIDENDDividend - Rs 10/- Per Share (Book Closure Date Revised)—
3 Sep 2014DIVIDENDAnnual General Meeting / Dividend - Rs 6/- Per Share / Special Dividend - Rs 5/ -Per Share—
14 Aug 2013DIVIDENDAnnual General Meeting / Dividend Rs 6 Per Share—
16 Aug 2012DIVIDENDAnnual General Meeting / Dividend Rs 4.50 Per Share—
8 Jul 2011DIVIDENDDividend-Rs.4.50 Per Share—
29 Mar 2011DEMERGERScheme Of Arrangement—
2 Jul 2010DIVIDENDDividend-Rs.3/- Per Share—
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman