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Vardhman Concrete

VARDHMAN BSE
₹5.10

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P/E
Not meaningful: loss-making over the last twelve months
View as Markdown
MCP
Close 31 Aug 2026 ₹5.10 −3.77 −42.5% since 6 Nov 2025
Start ₹8.87

Key Fundamentals

MicrocapCementConstruction

Price-based figures at the close · EPS basis: Standalone · TTM

ROCE
−2.33%
Debt to Equity
Not meaningful: shareholders’ equity is negative
EPS (TTM)
−₹0.16
Book Value
−₹14.49
Market Cap
—
P/E (TTM)
Not meaningful: loss-making over the last twelve months
P/B
Not meaningful: book value is negative
ROE
Not meaningful: shareholders’ equity is negative
Dividend Yield
0.00%
EBITDA
−₹13.00 L
52W High
₹11.30
52W Low
₹5.08

Peer Comparison

Construction › Cement

Vardhman Concrete peer comparison
₹11,816.0039.56₹3,46,219 Cr4.732.05%11.10%12.70%₹95,572 Cr₹8,834 Cr
₹3,138.0037.92₹2,11,790 Cr2.050.32%4.98%8.01%₹1,84,029 Cr₹11,261 Cr
₹375.9521.09₹92,920 Cr1.570.54%8.85%5.61%₹39,867 Cr₹5,222 Cr
₹24,175.0053.51₹86,846 Cr3.660.63%7.51%10.30%₹21,896 Cr₹1,637 Cr
₹5,076.3041.48₹39,409 Cr5.340.39%15.60%15.10%₹14,401 Cr₹939 Cr
₹1,407.0028.29₹26,437 Cr1.480.29%6.11%7.59%₹15,058 Cr₹953 Cr
₹1,185.3011.66₹22,384 Cr1.080.64%10.90%11.20%₹25,442 Cr₹1,908 Cr
Vardhman Concrete (this company)
₹5.10—₹4 Cr—0.00%—−2.33%₹0 Cr₹0 Cr
₹5.10—————−2.33%₹0 Cr₹0 Cr
Median 9 companies₹1,407.0037.92₹63,128 Cr2.050.47%8.85%8.01%₹21,896 Cr₹1,637 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1216
OscillatorsStrong Bullish216
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
17.48
Bullish
MACD (12,26,9)
−0.88
Bearish
SMA (50)
7.82
Bearish
SMA (200)
9.40
Bearish

As of , the latest day with price data, so these readings are not current.

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025.

Revenue

Revenue growth by window
10YNegative, narrowed by ₹0.06 Cr
5YZero base
3YZero base
1YZero base

Net profit

Net profit growth by window
10YLoss narrowed by ₹0.43 Cr
5YLoss narrowed by ₹0.24 Cr
3YLoss narrowed by ₹0.28 Cr
1YLoss narrowed by ₹0.35 Cr

Operating cash flow

Operating cash flow growth by window
10YOutflow narrowed by ₹0.23 Cr
5YOutflow narrowed by ₹0.09 Cr
3YOutflow narrowed by ₹0.14 Cr
1YTurned negative

Operating margin· change in pp

Operating margin growth by window
10YNo sales
5YNo sales
3YNo sales
1YNo sales

Trailing twelve months: The last four quarters end with the latest fiscal year, which the 1Y column covers.

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹2.46 Cr
Mar 2018₹1.99 Cr
Mar 2019₹0.32 Cr
Mar 2020₹0.00 Cr
Mar 2021₹0.00 Cr
Mar 2022₹0.00 Cr
Mar 2023₹0.00 Cr
Mar 2024₹0.00 Cr
Mar 2025₹0.00 Cr
Mar 2026₹0.00 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹1.83 Cr
Mar 2018−₹0.41 Cr
Mar 2019−₹0.02 Cr
Mar 2020−₹0.19 Cr
Mar 2021−₹0.36 Cr
Mar 2022−₹0.36 Cr
Mar 2023−₹0.40 Cr
Mar 2024−₹1.29 Cr
Mar 2025−₹0.47 Cr
Mar 2026−₹0.12 Cr

Quarterly Results

₹ Cr

Results for the period ended Jun 2026 were due by 14 Aug 2026 and are not in this table yet.

VARDHMAN quarterly results, ₹ crore
Particulars Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales
0
0
0
0
0
0
0
0
0
0
0
0
0
Expenses
0.06
0.04
0.07
0.08
0.87
0.04
0.05
0.04
−0.71
0.02
0.04
0.03
0.02
Operating Profit
−0.06
−0.04
−0.07
−0.08
−0.87
−0.04
−0.05
−0.04
0.71
−0.02
−0.04
−0.03
−0.02
Other Income
0
0
0.01
0.01
0.01
0.01
0.02
0
0.03
0.01
0.01
0.01
0.01
Interest
0.22
0
0
0
0.23
0.06
0.06
0.06
−0.05
0
0
0
0
Depreciation
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.01
0.02
0.01
0.01
0.01
0.01
PBT
−0.29
−0.05
−0.07
−0.08
−1.1
−0.1
−0.1
−0.11
0.77
−0.02
−0.04
−0.03
−0.02
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
2.6%
0%
0%
0%
0%
Net Profit
−0.28
−0.05
−0.07
−0.08
−1.1
−0.1
−0.1
−0.11
0.75
−0.02
−0.04
−0.03
−0.02
EPS (₹)
−0.39
−0.07
−0.1
−0.11
−1.54
−0.14
−0.14
−0.15
1.05
−0.03
−0.06
−0.04
−0.03

Profit & Loss

₹ Cr
VARDHMAN profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales
0.15
−0.06
2.46
1.99
0.32
0
0
0
0
0
0
0
Expenses
0.35
0.25
0.38
2.23
0.14
0.25
0.14
0.14
0.18
1.06
0.2
0.12
Operating Profit
−0.2
−0.31
2.08
−0.24
0.18
−0.25
−0.14
−0.14
−0.18
−1.06
−0.2
−0.12
OPM %
−133.33%
—
84.55%
−12.06%
56.25%
—
—
—
—
—
—
—
Other Income
0.16
0.05
0.05
0.04
0.06
0.27
0.03
0.04
0.03
0.03
0.04
0.04
Interest
0.26
0.25
0.26
0.2
0.22
0.17
0.21
0.22
0.22
0.23
0.23
0
Depreciation
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
0.05
PBT
−0.35
−0.56
1.82
−0.45
−0.03
−0.2
−0.37
−0.37
−0.42
−1.31
−0.44
−0.13
Tax %
8.57%
−1.79%
−0.55%
−6.67%
−33.33%
−5%
−2.7%
−2.7%
−2.38%
−0.76%
6.82%
−7.69%
Net Profit
−0.37
−0.55
1.83
−0.41
−0.02
−0.19
−0.36
−0.36
−0.4
−1.29
−0.47
−0.12
EPS (₹)
−0.52
−0.77
2.56
−0.57
−0.03
−0.27
−0.5
−0.5
−0.56
−1.8
−0.66
−0.17
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%

Balance Sheet

₹ Cr
VARDHMAN balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
7.31
7.31
7.31
7.31
7.31
7.31
7.31
7.31
7.31
7.31
7.31
7.31
Reserves
−15.26
−15.81
−13.99
−14.4
−14.42
−14.61
−14.93
−15.29
−15.69
−16.99
−17.42
−17.53
Borrowings
17
17.45
15.19
13.59
13.5
13.94
14.2
14.59
14.96
15.31
15.72
15.75
Other Liabilities
2.67
2.67
3.24
1.38
1.4
0.96
1.02
0.95
0.96
0.89
0.93
1.03
Total Liabilities
11.72
11.62
11.75
7.88
7.79
7.6
7.6
7.56
7.54
6.52
6.54
6.56
Fixed Assets
0.82
0.77
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
0
0
Investments
0
0
0
0
0
0
0
0
0
0
0
0
Other Assets
10.9
10.85
11.02
7.2
7.16
7.02
7.07
7.08
7.11
6.13
6.2
6.27
Total Assets
11.72
11.62
11.75
7.88
7.79
7.6
7.6
7.56
7.54
6.52
6.54
6.56

Cash Flow

₹ Cr
VARDHMAN cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
−0.03
−0.24
1.77
1.75
0.24
−0.32
−0.1
−0.26
−0.15
−0.28
0.23
−0.01
Investing
0.08
0.05
0.04
0.04
0.06
0.04
0.07
0.04
0
0.16
0
0
Financing
−0.02
0.21
−1.82
−1.8
−0.29
0.28
0.05
0.18
0.15
0.12
−0.23
0.02
Net Cash Flow
0.03
0.01
−0.01
−0.01
0
0
0.02
−0.05
−0.01
0
0
0.02
Free Cash Flow
−0.03
−0.24
1.77
1.75
0.24
−0.32
−0.1
−0.26
−0.15
−0.28
0.23
−0.01
CFO/OP
15
77
85
−729
133
128
71
186
83
26
−115
8

Ratios

VARDHMAN financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
0
0
0
—
—
—
—
—
—
—
Inventory Days
0
—
—
—
—
—
—
—
—
—
—
—
Cash Conversion Cycle
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
0
0
0
—
—
—
—
—
—
—
Working Capital Days
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
−1,944
−2,054
Not meaningful for this period: the ratio divides by a base close to zero, so it is left blank rather than shown as a very large number.
—
—
—
—
—
—
—
ROCE %
−0.99%
−3.44%
23.83%
−3.33%
2.95%
−0.46%
−2.42%
−2.27%
−3.03%
−17.69%
−3.73%
−2.33%

Insights

Beta

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

Log in to view Vardhman Concrete insights

29 extracted metrics across FY15–FY26.

Shareholding Pattern

As of Jun 2026

  • Promoters 47.32%
  • Public 40.88%
  • Others 11.80%

Pledge data not available

Change since Mar 2026

Documents

Frequently Asked Questions about Vardhman Concrete

Where is Vardhman Concrete (VARDHMAN) listed?
Vardhman Concrete trades under code VARDHMAN on the BSE.
Which sector does Vardhman Concrete belong to?
Vardhman Concrete is classified under the Construction sector, in the Cement industry.
What is the 52-week high and low of Vardhman Concrete?
Over the last 52 weeks Vardhman Concrete has traded between ₹5.08 and ₹11.3 as of 31 Aug 2026.

Company Information

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