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Vardhman Polytex

VARDMNPOLY NSE
₹5.03 No trade today
P/E
Not meaningful: last twelve months’ earnings are mostly a one-off item
View as Markdown
MCP
Close 4 Nov 2026 ₹5.03 −2.60 −34.1% 1Y
Start ₹7.63

Key Fundamentals

MicrocapTextilesConsumer Discretionary

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
—
Debt to Equity
Not meaningful: shareholders’ equity is negative
EPS (TTM)
₹6.60
Book Value
−₹3.41
Market Cap
—
P/E (TTM)
Not meaningful: last twelve months’ earnings are mostly a one-off item
P/B
Not meaningful: book value is negative
ROE
Not meaningful: shareholders’ equity is negative
Dividend Yield
0.00%
EBITDA
₹62.40 Cr
52W High
₹9.09
52W Low
₹4.50
Volume
0

Peer Comparison

Consumer Discretionary › Textiles › Cotton/Blended › Other Textile Products

Vardhman Polytex peer comparison
KPR Mill
₹1,174.8044.02₹39,972 Cr6.460.43%15.70%19.60%₹6,820 Cr₹913 Cr
Welspun Living
₹264.5790.61₹25,018 Cr4.930.04%4.48%6.26%₹9,934 Cr₹287 Cr
Vardhman Textiles
₹529.8518.08₹14,989 Cr1.460.98%6.86%8.55%₹10,186 Cr₹860 Cr
Trident
₹23.8930.63₹12,083 Cr2.912.10%7.91%9.79%₹6,781 Cr₹395 Cr
Indo Count Industries
₹525.3569.03₹9,390 Cr4.420.32%5.52%8.19%₹4,390 Cr₹150 Cr
Garware Technical Fibres
₹753.6035.40₹7,222 Cr5.231.22%16.10%22.00%₹1,644 Cr₹210 Cr
Kusumgar
₹584.9545.34₹5,974 Cr12.250.00%18.60%18.80%₹701 Cr₹131 Cr
Vardhman Polytex (this company)
₹5.03—₹242 Cr—0.00%——₹238 Cr₹318 Cr
Median 8 companies₹527.6044.02₹10,736 Cr4.930.38%7.91%9.79%₹5,586 Cr₹303 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.

Tapetide Score

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

Overall score

36 Poor

Data confidence 93/100

pledge:65%

Category scores

Quality
32
Poor
Returns, margins, earnings quality 22% weight
Valuation
66
Good
Cheap vs sector & own history 24% weight
Growth
26
Poor
Sales & profit trajectory 9% weight
Financial Health
18
Poor
Solvency, leverage, coverage 9% weight
Momentum
20
Poor
Trend strength, vol-adjusted 12% weight
Ownership
53
Average
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

1
  • Promoter holding has increased by 3.13% over last quarter.

Weaknesses

4
  • The company has delivered a poor sales growth of -14.1% over past five years.
  • Promoters have pledged 64.9% of their holding.
  • Earnings include an other income of Rs.323 Cr.
  • Promoter holding has decreased over last 3 years: -14.6%

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1153
OscillatorsBearish351
Moving AveragesStrong Bearish802

Key readings

RSI (14)
43.99
Neutral
MACD (12,26,9)
−0.23
Bearish
SMA (50)
5.54
Bearish
SMA (200)
6.53
Bearish

As of

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; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y−12.25%
5Y−14.11%
3Y−27.23%
1Y−16.84%
TTM−14.64%

Net profit

Net profit growth by window
10Y−1.17%
5YTurned to profit
3Y+100.00%
1Y−46.67%
TTMTiny base

Operating cash flow

Operating cash flow growth by window
10YTurned negative
5YTurned negative
3YTurned negative
1YOutflow narrowed by ₹68 Cr
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y−1.17 pp
5Y+3.15 pp
3Y+11.76 pp
1Y+1.70 pp
TTM−3.19 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹859 Cr
Mar 2018₹618 Cr
Mar 2019₹808 Cr
Mar 2020₹560 Cr
Mar 2021₹507 Cr
Mar 2022₹928 Cr
Mar 2023₹615 Cr
Mar 2024₹376 Cr
Mar 2025₹285 Cr
Mar 2026₹237 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017−₹1.00 Cr
Mar 2018−₹424 Cr
Mar 2019−₹74.00 Cr
Mar 2020₹102 Cr
Mar 2021−₹57.00 Cr
Mar 2022−₹16.00 Cr
Mar 2023₹1.00 Cr
Mar 2024−₹27.00 Cr
Mar 2025₹15.00 Cr
Mar 2026₹8.00 Cr

Quarterly Results

₹ Cr
VARDMNPOLY quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
136
101
61
74
64
64
75
81
60
62
51
65
61
Expenses
139
121
78
75
73
68
49
83
58
51
50
63
62
Operating Profit
−3
−20
−18
−1
−9
−4
27
−2
2
11
0
2
−1
OPM %
−2.3%
−20%
−29%
−1.3%
−14%
−6%
35%
−2.4%
2.8%
17%
0.2%
2.6%
−2.1%
Other Income
20
2
3
5
5
9
3
9
4
2
2
1
318
Interest
13
13
−23
0
4
3
4
3
4
4
0
1
4
Depreciation
3
3
3
2
2
2
2
2
2
2
2
2
2
PBT
1
−34
5
1
−11
1
24
1
0
6
0
1
311
Tax %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
Net Profit
1
−34
5
1
−11
1
24
1
0
6
0
1
311
EPS (₹)
0.04
−1.07
0.15
0.03
−0.3
0.02
0.55
0.02
0
0.14
0
0.02
6.44

Profit & Loss

₹ Cr
VARDMNPOLY profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
941
876
859
618
808
560
507
928
615
376
285
237
238
Expenses
878
814
792
659
807
560
493
868
651
418
273
222
227
Operating Profit
63
62
66
−41
1
0
14
59
−36
−42
12
14
11
OPM %
7%
7%
8%
−7%
0.1%
−0.1%
2.8%
6%
−6%
−11%
4.2%
6%
4.7%
Other Income
−12
50
14
−295
3
177
3
3
103
29
26
9
323
Interest
76
74
60
68
60
60
59
64
53
3
14
9
9
Depreciation
32
28
21
21
18
16
15
14
12
10
9
7
7
PBT
−58
9
−1
−424
−74
102
−57
−16
2
−27
15
8
319
Tax %
−50%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Net Profit
−29
9
−1
−424
−74
102
−57
−16
1
−27
15
8
319
EPS (₹)
−0.99
0.31
−0.02
−14.57
−2.55
3.5
−1.95
−0.53
0.05
−0.75
0.33
0.16
6.6
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
VARDMNPOLY balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
22
22
22
22
22
22
22
22
22
27
46
48
Reserves
106
85
85
−339
−414
−313
−370
−386
−385
−388
−273
−245
Borrowings
451
405
396
448
446
490
523
529
447
76
50
55
Other Liabilities
118
115
122
264
269
113
130
161
206
560
454
425
Total Liabilities
697
627
626
395
324
313
306
326
291
276
276
283
Fixed Assets
258
239
244
229
211
195
182
170
159
130
114
95
CWIP
4
7
5
3
0
0
0
0
0
0
3
0
Investments
92
92
92
0
0
0
0
0
0
0
0
0
Other Assets
344
290
285
163
112
117
123
156
133
146
160
188
Total Assets
697
627
626
395
324
313
306
326
291
276
276
283

Cash Flow

₹ Cr
VARDMNPOLY cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
76
108
76
49
63
13
24
61
40
−14
−98
−30
Investing
1
−7
−20
−5
−1
0
−1
−1
−1
26
31
20
Financing
−79
−104
−55
−50
−64
−14
−23
−61
−39
−12
67
10
Net Cash Flow
−2
−4
1
−5
−1
0
0
0
0
1
−1
0
Free Cash Flow
65
98
51
43
62
13
22
61
39
12
−75
−28
CFO/OP
122
175
114
−122
7,369
−3,834
167
104
−111
33
−824
−213

Ratios

VARDMNPOLY financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
20
31
33
16
4
4
6
4
0
0
5
5
Inventory Days
77
44
47
32
12
18
19
23
11
19
77
163
Days Payable
38
39
42
31
26
53
74
54
99
209
171
156
Cash Conversion Cycle
59
36
38
18
−10
−31
−49
−26
−88
−190
−88
12
Working Capital Days
−35
−54
−68
−284
−295
−358
−430
−233
−346
−167
−88
−52
ROCE %
9%
15%
12%
−18%
−16%
−10%
1%
28%
−34%
—
—
—

Insights

Beta

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

Log in to view Vardhman Polytex insights

65 extracted metrics across FY12–FY27.

Shareholding Pattern

As of Sep 2026

  • Public 46.00%
  • Promoters 40.63%
  • Others 8.03%
  • FIIs 5.34%

64.92% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about Vardhman Polytex

What does Vardhman Polytex Ltd do?
Incorporated in 1981, Vardhman Polytex Ltd manufactures cotton and blended yarns as well as garments.
Where is Vardhman Polytex Ltd (VARDMNPOLY) listed?
Vardhman Polytex Ltd trades as VARDMNPOLY on the NSE and under code 514175 on the BSE.
Which sector does Vardhman Polytex Ltd belong to?
Vardhman Polytex Ltd is classified under the Textiles sector, in the Cotton/Blended industry.
What is the 52-week high and low of Vardhman Polytex Ltd?
Over the last 52 weeks Vardhman Polytex Ltd has traded between ₹4.5 and ₹9.09 as of 4 Nov 2026.

Company Information

Incorporated in 1981, Vardhman Polytex Ltd manufactures cotton and blended yarns as well as garments.

Website oswalgroup.com
CEO Mr. Adish Oswal B.Com.
Employees 639
Listed 12 May 2003
Face Value ₹1

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