Vardhman Polytex
VARDMNPOLY NSE
Vardhman Polytex
Consumer DiscretionaryNSE: VARDMNPOLY BSE: 514175 Textiles & Apparels
Key Fundamentals
MicrocapCotton/BlendedTextilesMarket Cap
₹288 Cr
Volatility
Moderate
P/E Ratio
0.9
EBITDA
₹62.40 Cr
Return on Equity
4.27%
Debt to Equity
0
Book Value
₹-3.72
52W High
₹9.49
52W Low
₹5.1
Tapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Weaknesses
5- The company has delivered a poor sales growth of -14.1% over past five years.
- Promoter holding is low: 37.5%
- Promoters have pledged 74.0% of their holding.
- Earnings include an other income of Rs.323 Cr.
- Promoter holding has decreased over last 3 years: -22.7%
Growth Rate
Revenue Growth
82.33% higher than
3Y
Net Income Growth
-72.66% lower than
3Y
Cash Flow Change
155% lower than
3Y
ROE
-73.76% lower than
3Y
ROCE
—
EBITDA Margin (Avg.)
102%
Quarterly Results
| Particulars | Jun 2023 | 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 | 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 in Rs | 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 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 in Rs | -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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 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
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
Log in to view Vardhman Polytex insights
29 extracted metrics + investor summaries across FY15–FY26.
Documents
2
Board Meeting Outcome for Approval Of Sale/Disposal Of Land Situated At Ludhiana Unit
1d - Board approved sale of 26 acre 6 kanal 9 marla Ludhiana land to repay liabilities. 1d - Board approved sale of 26 acre 6 kanal 9 marla Ludhiana land to repay liabilities.
3
Disclosure Under Regulation 30- Board Approval For Sale/Disposal Of Land Situated At Ludhiana Unit
1d - Board approved sale of 26 Acre 6 Kanal 9 Marla Ludhiana land on April 21, 2026. 1d - Board approved sale of 26 Acre 6 Kanal 9 Marla Ludhiana land on April 21, 2026.
4
Board Meeting Outcome for Approval Of Sale/Disposal Of Land Situated At Ludhiana Unit
21 Apr - Board approved sale of 26 acre 6 kanal 9 marla Ludhiana land to repay liabilities. 21 Apr - Board approved sale of 26 acre 6 kanal 9 marla Ludhiana land to repay liabilities.
5
Disclosure Under Regulation 30- Board Approval For Sale/Disposal Of Land Situated At Ludhiana Unit
21 Apr - Board approved sale of 26 Acre 6 Kanal 9 Marla Ludhiana land on April 21, 2026. 21 Apr - Board approved sale of 26 Acre 6 Kanal 9 Marla Ludhiana land on April 21, 2026.
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.[1]
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 Consumer Discretionary sector, in the Textiles & Apparels industry.
What is the market capitalisation of Vardhman Polytex Ltd?
Vardhman Polytex Ltd has a market capitalisation of ₹287.88 Cr, which places it in the Small Cap band.
What is the PE ratio of Vardhman Polytex Ltd?
Vardhman Polytex Ltd trades at a PE ratio of 0.90, against a book value of ₹-3.72 per share.
What is the 52-week high and low of Vardhman Polytex Ltd?
Over the last 52 weeks Vardhman Polytex Ltd has traded between ₹5.1 and ₹9.49.
What is the Return on Equity (ROE) of Vardhman Polytex Ltd?
Vardhman Polytex Ltd reported a return on equity of 4.27%. Its debt-to-equity ratio is 0.00.
Company Information
Incorporated in 1981, Vardhman Polytex Ltd manufactures cotton and blended yarns as well as garments.[1]
Website oswalgroup.com
CEO Mr. Adish Oswal B.Com.
Employees 639
Listed 2003-05-12
Face Value ₹ 1
Issued Size 45,88,94,004
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