---
title: "Vardhman Concrete Ltd (531444) — Share Price, Financials & Analysis"
symbol: "531444"
company: "Vardhman Concrete Ltd"
canonical: "https://tapetide.com/stocks/531444"
bse_code: "531444"
sector: "Commodities"
industry: "Cement & Cement Products"
generated_at: "2026-09-13T18:59:18.420Z"
---

# Vardhman Concrete Ltd (531444)

Canonical page: https://tapetide.com/stocks/531444

## Company

- **BSE Code:** 531444
- **Sector:** Commodities
- **Industry:** Cement & Cement Products
- **Macro Sector:** Commodities
- **Face Value:** ₹10
- **F&O Eligible:** No
- **Website:** vardhmanconcretelimited.com

## About

Vardhman Concrete Ltd, formerly Stresscrete India Ltd, historically manufactured precast and prestressed concrete components and executed civil-engineering contracts, including public-utility structures and low-cost housing. The company has reported nil revenue from operations since FY20 and remained non-operational through Q1 FY27.[1]

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- Promoter holding has decreased over last 3 years: -13.7%

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -127% | 19% | 11% |

## Financial Statements

### Quarterly Results

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

| Item | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 0.07 | 0.08 | 0.87 | 0.04 | 0.05 | 0.04 | -0.71 | 0.02 | 0.04 | 0.03 | 0.02 | 0.05 |
| Operating Profit | -0.07 | -0.08 | -0.87 | -0.04 | -0.05 | -0.04 | 0.71 | -0.02 | -0.04 | -0.03 | -0.02 | -0.05 |
| Other Income | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0 | 0.03 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0 | 0 | 0.23 | 0.06 | 0.06 | 0.06 | -0.05 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Profit before tax | -0.07 | -0.08 | -1.1 | -0.1 | -0.1 | -0.11 | 0.77 | -0.02 | -0.04 | -0.03 | -0.02 | -0.05 |
| Tax % | 0 | 0 | 0 | 0 | 0 | 0 | 2.6 | 0 | 0 | 0 | 0 | 0 |
| Net Profit | -0.07 | -0.08 | -1.1 | -0.1 | -0.1 | -0.11 | 0.75 | -0.02 | -0.04 | -0.03 | -0.02 | -0.05 |
| EPS in Rs | -0.1 | -0.11 | -1.54 | -0.14 | -0.14 | -0.15 | 1.05 | -0.03 | -0.06 | -0.04 | -0.03 | -0.07 |

### Profit & Loss

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

| Item | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1.99 | 0.32 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Expenses | 2.23 | 0.14 | 0.25 | 0.14 | 0.14 | 0.18 | 1.06 | 0.2 | 0.12 | 0.14 |
| Operating Profit | -0.24 | 0.18 | -0.25 | -0.14 | -0.14 | -0.18 | -1.06 | -0.2 | -0.12 | -0.14 |
| OPM % | -12.06 | 56.25 | — | — | — | — | — | — | — | — |
| Other Income | 0.04 | 0.06 | 0.27 | 0.03 | 0.04 | 0.03 | 0.03 | 0.04 | 0.04 | 0.04 |
| Interest | 0.2 | 0.22 | 0.17 | 0.21 | 0.22 | 0.22 | 0.23 | 0.23 | 0 | 0 |
| Depreciation | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.05 | 0.04 |
| Profit before tax | -0.45 | -0.03 | -0.2 | -0.37 | -0.37 | -0.42 | -1.31 | -0.44 | -0.13 | -0.14 |
| Tax % | -6.67 | -33.33 | -5 | -2.7 | -2.7 | -2.38 | -0.76 | 6.82 | -7.69 | — |
| Net Profit | -0.41 | -0.02 | -0.19 | -0.36 | -0.36 | -0.4 | -1.29 | -0.47 | -0.12 | -0.14 |
| EPS in Rs | -0.57 | -0.03 | -0.27 | -0.5 | -0.5 | -0.56 | -1.8 | -0.66 | -0.17 | -0.2 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | — |

### 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 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 7.31 | 7.31 | 7.31 | 7.31 | 7.31 | 7.31 | 7.31 | 7.31 | 7.31 | 7.31 |
| Reserves | -13.99 | -14.4 | -14.42 | -14.61 | -14.93 | -15.29 | -15.69 | -16.99 | -17.42 | -17.53 |
| Borrowings | 15.19 | 13.59 | 13.5 | 13.94 | 14.2 | 14.59 | 14.96 | 15.31 | 15.72 | 15.75 |
| Other Liabilities | 3.24 | 1.38 | 1.4 | 0.96 | 1.02 | 0.95 | 0.96 | 0.89 | 0.93 | 1.03 |
| Total Liabilities | 11.75 | 7.88 | 7.79 | 7.6 | 7.6 | 7.56 | 7.54 | 6.52 | 6.54 | 6.56 |
| Fixed Assets | 0.73 | 0.68 | 0.63 | 0.58 | 0.53 | 0.48 | 0.43 | 0.39 | 0.34 | 0.29 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 11.02 | 7.2 | 7.16 | 7.02 | 7.07 | 7.08 | 7.11 | 6.13 | 6.2 | 6.27 |
| Total Assets | 11.75 | 7.88 | 7.79 | 7.6 | 7.6 | 7.56 | 7.54 | 6.52 | 6.54 | 6.56 |

### Cash Flow

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 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 1.77 | 1.75 | 0.24 | -0.32 | -0.1 | -0.26 | -0.15 | -0.28 | 0.23 | -0.01 |
| Cash from Investing Activity | 0.04 | 0.04 | 0.06 | 0.04 | 0.07 | 0.04 | 0 | 0.16 | 0 | 0 |
| Cash from Financing Activity | -1.82 | -1.8 | -0.29 | 0.28 | 0.05 | 0.18 | 0.15 | 0.12 | -0.23 | 0.02 |
| Net Cash Flow | -0.01 | -0.01 | 0 | 0 | 0.02 | -0.05 | -0.01 | 0 | 0 | 0.02 |
| Free Cash Flow | 1.77 | 1.75 | 0.24 | -0.32 | -0.1 | -0.26 | -0.15 | -0.28 | 0.23 | -0.01 |
| CFO/OP | 85 | -729 | 133 | 128 | 71 | 186 | 83 | 26 | -115 | 8 |

### Ratios

| Item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Inventory Days | — | — | — | — | — | — | — | — | — | — |
| Cash Conversion Cycle | 0 | 0 | 0 | — | — | — | — | — | — | — |
| Working Capital Days | -1943.7 | -2054.27 | -12820.62 | — | — | — | — | — | — | — |
| ROCE % | 23.83 | -3.33 | 2.95 | -0.46 | -2.42 | -2.27 | -3.03 | -17.69 | -3.73 | -2.33 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.04% | 61.04% | 61.13% | 61.14% | 61.14% | 61.14% | 61.11% | 56.67% | 47.32% | 47.32% | 47.32% |
| Public | 38.96% | 38.96% | 38.87% | 38.86% | 38.86% | 38.86% | 38.9% | 43.34% | 52.69% | 52.68% | 52.68% |
| No. of Shareholders | 1694 | 1698 | 1683 | 1685 | 1677 | 1909 | 2102 | 2520 | 2834 | 3094 | 3084 |

### Quarterly

| Category | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 61.02% | 61.02% | 56.67% | 56.67% | 47.32% | 47.32% | 47.32% | 47.32% | 47.32% | 47.32% | 47.32% | 47.32% |
| Public | 38.98% | 38.99% | 43.34% | 43.34% | 52.69% | 52.69% | 52.69% | 52.68% | 52.68% | 52.68% | 52.68% | 52.68% |
| No. of Shareholders | 2097 | 2219 | 2520 | 2637 | 2692 | 2809 | 2834 | 2836 | 3006 | 3043 | 3094 | 3084 |

## Technical Indicators

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

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

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

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 5.59 | Sell |
| EMA (10) | 5.68 | Sell |
| SMA (20) | 6.57 | Sell |
| EMA (20) | 6.42 | Sell |
| SMA (50) | 7.82 | Sell |
| EMA (50) | 7.37 | Sell |
| SMA (100) | 8.1 | Sell |
| EMA (100) | 8.07 | Sell |
| SMA (200) | 9.4 | Sell |
| EMA (200) | 8.89 | Sell |

### Oscillators — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 17.48 | Buy |
| MACD (12,26,9) | -0.88 | Sell |
| Stochastic (14,3,3) | 1.41 | Buy |
| ADX (14) | 42.19 | Buy |
| Williams %R (14) | -99.23 | Buy |
| ATR (14) | 0.25 | High Volatility |
| ROC (12) | -28.77 | Sell |
| Stoch RSI (14) | 0 | Buy |
| UO (7,14,28) | 15.37 | Buy |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 8 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026. | [Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 8 Jul - Submitted Regulation 74(5) certificate for quarter ended June 30, 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0612e301-0b2d-4109-8693-5f8028dccaa4.pdf) |
| 6 Aug - Board meeting on 14 August 2026 to approve Q1 FY2027 unaudited standalone results. | [Board Meeting Intimation for Approval Of Un - Audited Standalone Financial Results Of The Company For The Quarter Ended 30Th June, 2026 6 Aug - Board meeting on 14 August 2026 to approve Q1 FY2027 unaudited standalone results.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=33ecf480-0d96-4195-8178-a2aa2e7bdb0d.pdf) |
| 5 Sep - Book closure from 22-28 September 2026 for the 43rd AGM on 28 September 2026. | [Intimation Of Book Closure Pursuant To Section 91 Of Companies Act, 2013 And Regulation 42 Of The SEBI (LODR) Regulations, 2015 5 Sep - Book closure from 22-28 September 2026 for the 43rd AGM on 28 September 2026.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=39f5f396-952f-4e8a-a1f9-d1f9b653dcfe.pdf) |
| 23 Jul - Submitted June 30, 2026 share capital audit report; no capital changes. | [Regulation 76 (DP) - Reconciliation Of Share Capital Audit Report 23 Jul - Submitted June 30, 2026 share capital audit report; no capital changes.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=37947628-2427-49d7-901b-01772d20ac37.pdf) |
| 14 Aug - Board approved Q1 FY2026-27 unaudited standalone results on 14 August 2026; auditors gave unmodified review. | [Board Meeting Outcome for Outcome Of Board Meeting- 14Th August, 2026 14 Aug - Board approved Q1 FY2026-27 unaudited standalone results on 14 August 2026; auditors gave unmodified review.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ca6eb5fa-c158-4181-aadf-80dd5f927ed5.pdf) |
| 10 Jun - Vardhman Concrete confirms it is not a Large Corporate under SEBI debt rules. | [Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A 10 Jun - Vardhman Concrete confirms it is not a Large Corporate under SEBI debt rules.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=336c1340-dfc6-4847-b1b4-2e6188233c8a.pdf) |
| — | [Submission Of Notice Of 43Rd Annual General Meeting Of The Company 5 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ce50fab7-9a78-4180-b98f-e97d31c5f8d6.pdf) |
| — | [Reg. 34 (1) Annual Report. 5 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6667975e-0537-4ed1-82f8-1c69863fc1dd.pdf) |
| — | [Reg. 34 (1) Annual Report. 5 Sep](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6e7a1722-1514-405b-b2cb-60483dd69dc6.pdf) |
| — | [Un-Audited Financial Results For The Quarter Ended June 30, 2026 14 Aug](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e1cb628f-4961-482f-9467-16557ef43dbc.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| from bse | [Annual Report 2025 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f86c537e-e8a5-47bf-9693-1314956ed423.pdf) |
| from bse | [Annual Report 2024 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/beb95793-0fa0-4827-9ef2-85610760f043.pdf) |
| from bse | [Annual Report 2023 from bse](https://www.bseindia.com/xml-data/corpfiling/AttachHis/eb38f8ae-779a-4e06-a153-c2f542ad43c1.pdf) |
| from bse | [Annual Report 2022 from bse](https://www.bseindia.com/bseplus/AnnualReport/531444/76641531444.pdf) |
| from bse | [Annual Report 2021 from bse](https://www.bseindia.com/bseplus/AnnualReport/531444/71231531444.pdf) |
| from bse | [Annual Report 2020 from bse](https://www.bseindia.com/bseplus/AnnualReport/531444/67876531444.pdf) |
| from bse | [Annual Report 2019 from bse](https://www.bseindia.com/bseplus/AnnualReport/531444/5314440319.pdf) |
| from bse | [Annual Report 2018 from bse](https://www.bseindia.com/bseplus/AnnualReport/531444/5314440318.pdf) |
| from bse | [Annual Report 2017 from bse](https://www.bseindia.com/bseplus/AnnualReport/531444/5314440317.pdf) |
| from bse | [Annual Report 2016 from bse](https://www.bseindia.com/bseplus/AnnualReport/531444/5314440316.pdf) |

---

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 2026-09-13T18:59:18.420Z.