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Vardhman Textiles

VTL NSE
₹529.85 No trade today
P/E
18.08
View as Markdown
MCP
Close 4 Nov 2026 ₹529.85 +100.60 +23.4% 1Y
Start ₹429.25

Key Fundamentals

SmallcapTextilesConsumer Discretionary

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

ROCE
8.55%
Debt to Equity
0.18
EPS (TTM)
₹29.31
Book Value
₹363.11
Market Cap
—
P/E (TTM)
18.08
P/B
1.46
ROE
6.86%
Dividend Yield
0.98%
EBITDA
₹1,462 Cr
52W High
₹688.00
52W Low
₹391.00
Volume
0

Peer Comparison

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

Vardhman Textiles 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 (this company)
₹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
Median 7 companies₹529.8544.02₹12,083 Cr4.930.43%7.91%9.79%₹6,781 Cr₹287 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

50 Average

Data confidence 100/100

Category scores

Quality
41
Weak
Returns, margins, earnings quality 22% weight
Valuation
73
Strong
Cheap vs sector & own history 24% weight
Growth
20
Poor
Sales & profit trajectory 9% weight
Financial Health
70
Strong
Solvency, leverage, coverage 9% weight
Momentum
26
Poor
Trend strength, vol-adjusted 12% weight
Ownership
50
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
  • Company has been maintaining a healthy dividend payout of 17.7%

Weaknesses

2
  • The company has delivered a poor sales growth of 9.96% over past five years.
  • Company has a low return on equity of 7.55% over last 3 years.

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallBearish865
OscillatorsBearish261
Moving AveragesStrong Bearish604

Key readings

RSI (14)
52.85
Neutral
MACD (12,26,9)
−12.04
Bullish
SMA (50)
548.09
Bearish
SMA (200)
563.94
Bearish

As of

Analyst Rating

Based on 6 analysts
HOLD50%

1 of 6 analysts rate Buy, 3 Hold, 2 Sell.

As of

BUY
1
17%
HOLD
3
50%
SELL
2
33%

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+5.37%
5Y+9.96%
3Y−0.89%
1Y+0.86%
TTM+3.29%

Net profit

Net profit growth by window
10Y+1.90%
5Y+12.01%
3Y−2.20%
1Y−15.11%
TTM+0.58%

Operating cash flow

Operating cash flow growth by window
10Y+1.93%
5Y+45.83%
3Y−15.75%
1Y−32.60%
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−7.56 pp
5Y−0.71 pp
3Y−0.51 pp
1Y−0.36 pp
TTM+1.03 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹6,030 Cr
Mar 2018₹6,248 Cr
Mar 2019₹6,878 Cr
Mar 2020₹6,735 Cr
Mar 2021₹6,140 Cr
Mar 2022₹9,622 Cr
Mar 2023₹10,137 Cr
Mar 2024₹9,505 Cr
Mar 2025₹9,785 Cr
Mar 2026₹9,869 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹994 Cr
Mar 2018₹592 Cr
Mar 2019₹741 Cr
Mar 2020₹591 Cr
Mar 2021₹427 Cr
Mar 2022₹1,551 Cr
Mar 2023₹805 Cr
Mar 2024₹637 Cr
Mar 2025₹887 Cr
Mar 2026₹753 Cr

Analyst Forecasts

Forecast For
Sep 26 consensus · EBITDA
₹557 Cr −1.8% vs Jun 26
Reported High Mean Low

AI Analysis — Bull vs Bear

Figures as of 4 Nov 2026
AI opinion · based on fundamentals
Risk medium

Vardhman Textiles Ltd trades at ₹529.85 as of 2026-11-04 with a market cap of ₹14,988.5 Cr, a P/E of 18.08x and a debt-to-equity ratio of 0.18. The stock has delivered a 31% return over the past one year but faces headwinds from muted profit growth and a subdued return on equity of 7.11%.

Bull Case 8
  • Low leverage with a debt-to-equity ratio of just 0.18, providing financial flexibility and resilience through textile cycles
  • Strong one-year stock CAGR of 31%, significantly outperforming its own 10-year CAGR of 10%
  • Consistent dividend payout of 17.7%, reflecting shareholder-friendly capital allocation
  • 5-year compounded sales growth of 10% demonstrates the company's ability to scale revenue over medium-term periods
  • 5-year compounded profit growth of 11%, indicating meaningful earnings expansion over that horizon
  • P/B ratio of 1.46x suggests the stock is not excessively priced relative to its book value
  • 10-year compounded sales growth of 5% shows a track record of sustained, if modest, top-line expansion across cycles
  • Current price of ₹529.85 sits well above the 52-week low of ₹391, reflecting a recovery of roughly 35% from its trough
Bear Case 8
  • Return on equity stands at just 7.11%, below what is typically expected from a well-capitalised manufacturer, and the 3-year average ROE is only 8%
  • 3-year compounded profit growth is negative at -4%, signalling earnings have contracted over the recent period
  • 3-year compounded sales growth is -1%, indicating the top line has stagnated or declined recently
  • TTM profit growth is flat at 0%, showing no earnings momentum in the most recent period
  • TTM sales growth of only 3% is barely keeping pace with inflation, suggesting limited real revenue expansion
  • The stock trades 23% below its 52-week high of ₹688, reflecting significant price erosion from the peak
  • ROCE of 8.6% is modest for a capital-intensive textile business, raising questions about the efficiency of deployed capital
  • Dividend yield of 0.98% offers limited income support relative to prevailing fixed-income alternatives

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

1d ago

TL;DR: With only one recent development on record, Vardhman Textiles is making a strategic move into renewable energy procurement by investing ₹41.85 crore for 27 MW of hybrid power. This should support margin stability through lower energy costs over time. No near-term headwinds are visible from recent news flow, though limited news coverage makes it difficult to assess the broader trend.

Positives 1
  • Renewable energy stake acquired Oct 05

    Vardhman Textiles approved acquiring a 26% stake in Serentica Renewables India 32 for ₹41.85 crore, securing 27 MW of hybrid power for its Himachal Pradesh manufacturing facilities. This move should reduce long-term energy costs and improve sustainability credentials.

Quarterly Results

₹ Cr
VTL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
2,318
2,397
2,330
2,459
2,309
2,502
2,465
2,509
2,386
2,480
2,505
2,498
2,703
Expenses
2,103
2,192
2,085
2,151
1,961
2,187
2,153
2,222
2,060
2,146
2,221
2,204
2,229
Operating Profit
215
205
244
308
348
315
313
287
326
334
284
294
474
OPM %
9%
9%
10%
13%
15%
13%
13%
11%
14%
13%
11%
12%
18%
Other Income
103
98
86
81
79
93
79
133
82
49
74
68
94
Interest
32
22
19
29
18
18
19
23
23
21
26
23
23
Depreciation
105
104
99
97
97
100
101
103
109
114
118
123
126
PBT
182
178
212
264
312
291
273
293
276
249
214
217
418
Tax %
25%
23%
23%
23%
23%
32%
22%
19%
25%
25%
21%
13%
25%
Net Profit
137
136
162
202
240
197
212
238
208
188
168
189
315
EPS (₹)
4.72
4.64
5.54
6.94
8.25
6.81
7.28
8.21
7.16
6.47
5.75
6.39
10.7

Profit & Loss

₹ Cr
VTL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
6,741
5,848
6,030
6,248
6,878
6,735
6,140
9,622
10,137
9,505
9,785
9,869
10,186
Expenses
5,623
4,672
4,831
5,345
5,684
5,798
5,326
7,348
8,814
8,531
8,522
8,630
8,800
Operating Profit
1,118
1,176
1,199
903
1,194
937
814
2,274
1,324
973
1,263
1,239
1,387
OPM %
17%
20%
20%
14%
17%
14%
13%
24%
13%
10%
13%
13%
14%
Other Income
161
158
591
215
239
187
222
264
232
369
384
274
285
Interest
125
89
129
118
120
135
113
100
102
102
77
92
93
Depreciation
532
374
343
240
254
333
364
368
394
405
401
465
481
PBT
622
872
1,318
760
1,059
655
559
2,071
1,060
835
1,168
955
1,097
Tax %
28%
28%
25%
22%
30%
10%
24%
25%
24%
24%
24%
21%
—
Net Profit
446
624
994
592
741
591
427
1,551
805
637
887
753
860
EPS (₹)
12.57
19.31
34.17
20.24
25.43
20.08
14.4
53.54
27.5
21.84
30.54
25.76
29.31
Div. Payout %
16%
15%
8%
15%
14%
0%
24%
62%
13%
18%
16%
19%
—

Balance Sheet

₹ Cr
VTL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
63
61
55
56
56
57
57
57
57
57
57
57
Reserves
3,313
3,939
4,218
4,897
5,535
5,991
6,412
7,647
8,507
9,043
9,839
10,457
Borrowings
2,640
2,630
2,238
2,321
2,278
2,221
2,132
1,983
1,678
1,791
1,238
1,855
Other Liabilities
1,363
883
990
971
1,149
1,087
1,022
1,293
1,094
1,091
1,299
1,499
Total Liabilities
7,378
7,513
7,502
8,246
9,018
9,356
9,622
10,980
11,335
11,983
12,433
13,868
Fixed Assets
2,875
2,627
2,591
2,631
3,201
3,628
3,529
3,494
3,937
3,769
4,150
5,094
CWIP
83
86
49
106
274
142
78
241
51
61
252
586
Investments
869
1,313
1,868
1,834
1,346
1,145
1,075
1,691
2,549
1,699
1,844
1,828
Other Assets
3,551
3,488
2,994
3,676
4,198
4,441
4,941
5,554
4,798
6,454
6,187
6,359
Total Assets
7,378
7,513
7,502
8,246
9,018
9,356
9,622
10,980
11,335
11,983
12,433
13,868

Cash Flow

₹ Cr
VTL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
1,412
915
1,350
103
499
849
168
1,445
1,853
−1,055
1,644
1,108
Investing
−315
−451
−343
−167
−278
−379
−116
−899
−1,445
1,104
−892
−1,516
Financing
−975
−365
−1,180
92
−252
−296
−174
−571
−399
−90
−733
398
Net Cash Flow
122
99
−173
28
−30
175
−122
−26
9
−41
19
−10
Free Cash Flow
1,107
538
1,127
−253
−384
200
−72
936
1,238
−1,329
675
−579
CFO/OP
146
99
138
35
63
103
26
86
160
−87
149
107

Ratios

VTL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
44
49
44
44
43
44
62
50
43
47
48
48
Inventory Days
200
249
218
242
265
276
314
231
147
273
254
244
Days Payable
23
23
31
31
32
37
34
32
22
23
34
33
Cash Conversion Cycle
221
274
232
255
276
283
342
249
168
296
269
259
Working Capital Days
68
62
47
106
116
130
182
121
102
156
164
156
ROCE %
11%
14%
15%
11%
14%
10%
8%
23%
11%
9%
11%
9%

Insights

Beta

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

Log in to view Vardhman Textiles insights

63 extracted metrics across FY07–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 65.06%
  • DIIs 14.17%
  • Public 11.89%
  • FIIs 6.43%
  • Others 2.46%

No promoter shares 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 Textiles

What does Vardhman Textiles Ltd do?
Vardhman textiles is engaged in the business of manufacturing Yarn, Fabric, Acrylic Fiber and Garments, the Group has over the years developed as a business conglomerate with a presence in India and in 75 countries across the globe.
Where is Vardhman Textiles Ltd (VTL) listed?
Vardhman Textiles Ltd trades as VTL on the NSE and under code 502986 on the BSE.
Which sector does Vardhman Textiles Ltd belong to?
Vardhman Textiles Ltd is classified under the Textiles sector, in the Cotton/Blended industry.
What is the PE ratio of Vardhman Textiles Ltd?
Vardhman Textiles Ltd trades at a PE ratio of 18.08 as of 4 Nov 2026, on earnings per share of ₹29.31, against a book value of ₹363.11 per share.
What is the 52-week high and low of Vardhman Textiles Ltd?
Over the last 52 weeks Vardhman Textiles Ltd has traded between ₹391 and ₹688 as of 4 Nov 2026.
Does Vardhman Textiles Ltd pay dividends?
Vardhman Textiles Ltd has a dividend yield of 0.98%.
What is the Return on Equity (ROE) of Vardhman Textiles Ltd?
Vardhman Textiles Ltd reported a return on equity of 6.86%. Its debt-to-equity ratio is 0.18.

Company Information

Vardhman textiles is engaged in the business of manufacturing Yarn, Fabric, Acrylic Fiber and Garments, the Group has over the years developed as a business conglomerate with a presence in India and in 75 countries across the globe.

Website vardhman.com
CEO Mr. Shri Paul Oswal M.Com.
Employees 23,196
Listed 14 Jan 2003
Face Value ₹2

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