Vardhman Textiles logo

Vardhman Textiles

VTL NSE

Key Fundamentals

SmallcapCotton/BlendedTextiles
Market Cap
₹16,434 Cr
Volatility
Moderate
P/E Ratio
19.32
EBITDA
₹1,462 Cr
Return on Equity
7.11%
Debt to Equity
0.18
Book Value
₹363.11
EPS
₹25.37
52W High
₹688
52W Low
₹385.5

Tapetide Score

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

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.

Growth Rate

Revenue Growth
-0.28% higher than 3Y
Net Income Growth
-15.06% lower than 3Y
Cash Flow Change
-32.59% lower than 3Y
ROE
-20.11% lower than 3Y
ROCE
-23.56% lower than 3Y
EBITDA Margin (Avg.)
-8.29% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 2d ago
AI opinion · based on fundamentals
Risk medium

Vardhman Textiles is India's largest vertically integrated textile manufacturer with over 1.1 million spindles and a market cap of Rs 16,434 crore. FY25 standalone net profit rose 45% to Rs 879 crore from Rs 608 crore in FY24, yet the company's 3-year compounded sales growth remains negative at -1% and return on equity has trended down to 7% in the last year. The stock trades at a P/E of 19.4x and P/B of 1.59x with a dividend yield of 0.87%.

Bull Case 7
  • India's largest vertically integrated textile company with over 1.1 million spindles and 240,000 MT annual yarn capacity, providing significant scale advantages
  • FY25 standalone net profit surged 45% YoY to Rs 879 crore from Rs 608 crore in FY24, indicating strong earnings recovery
  • Stock has delivered a 1-year CAGR of 32%, significantly outperforming the broader textile sector
  • 10-year compounded profit growth of 2% and compounded sales growth of 5% demonstrate long-term business survival through multiple textile cycles
  • P/B ratio of 1.59x is modest for a market leader with Rs 16,434 crore market cap, suggesting the stock is not priced at excessive premium to book value
  • Consistent dividend payout ratio of 17.7% reflects capital discipline and shareholder return commitment with a 0.87% yield
  • 5-year compounded profit CAGR of 11% shows the ability to generate meaningful earnings growth over medium-term cycles
Bear Case 8
  • 3-year compounded sales growth is negative at -1%, indicating revenue stagnation over a meaningful period
  • Return on equity has declined to 7% in the last year from a 5-year average of 10%, suggesting deteriorating capital efficiency
  • TTM profit growth is flat at 0%, indicating the FY25 earnings recovery may already be plateauing
  • 3-year compounded profit growth is -4%, showing earnings have contracted over the medium term despite the recent FY25 bounce
  • 5-year sales CAGR of approximately 10% as reported but the known cons flag it at only 9.96%, which is weak for a company of this scale in a growing economy
  • 3-year ROE average of just 7.55% is well below the cost of equity for most Indian equities, implying the company is not generating adequate returns on shareholder capital
  • P/E of 19.4x against a TTM profit growth of 0% and negative 3-year profit CAGR means investors are paying a growth multiple without corresponding earnings growth
  • Textile sector is inherently cyclical and exposed to volatile raw cotton prices, currency fluctuations, and global demand swings, amplifying earnings uncertainty

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

AI News Digest

Anthropic anthropic claude-opus-4.6 2h ago
Positives 1
  • 14% GHG emission reduction FY26 Aug 25

    Vardhman Textiles reported a 14% reduction in Scope 1 and 2 GHG emissions for FY26, with green energy share reaching 32% and solar capacity expanding to 68 MWp. Strong ESG progress strengthens the company's sustainability profile.

Neutral 2
  • AGM scheduled Sep 17, 2026 Aug 26

    Vardhman Textiles' 53rd AGM is set for September 17, 2026 via video conferencing. Remote e-voting opens September 14.

  • Record date Aug 28 for dividend Aug 20

    August 28, 2026 fixed as record date for AGM and dividend payout. Register of members closed August 29 to September 5, 2026.

TL;DR: Vardhman Textiles presents a clean picture with no immediate headwinds from recent news flow. The company is making meaningful progress on ESG metrics, with a 14% cut in GHG emissions and growing solar capacity at 68 MWp. Routine AGM and dividend-related announcements round out the updates. The trend is stable with a positive tilt on sustainability, though investors should watch for operational and demand-side updates in coming quarters.

Quarterly Results

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 in Rs
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
Figures in ₹ Crores

Profit & Loss

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 in Rs
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%
—
Figures in ₹ Crores

Balance Sheet

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
Figures in ₹ Crores

Cash Flow

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
Figures in ₹ Crores

Ratios

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

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44 extracted metrics + investor summaries across FY12–FY27.

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Shareholding Pattern

Others2.50%Promot.65.08%FIIs6.07%Public11.66%DIIs14.69%As ofJun 2026

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. [1]
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 Consumer Discretionary sector, in the Textiles & Apparels industry.
What is the market capitalisation of Vardhman Textiles Ltd?
Vardhman Textiles Ltd has a market capitalisation of ₹16,434 Cr, which places it in the Mid Cap band.
What is the PE ratio of Vardhman Textiles Ltd?
Vardhman Textiles Ltd trades at a PE ratio of 19.32, on earnings per share of ₹25.37, 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 ₹385.5 and ₹688.
Does Vardhman Textiles Ltd pay dividends?
Vardhman Textiles Ltd has a dividend yield of 0.87%.
What is the Return on Equity (ROE) of Vardhman Textiles Ltd?
Vardhman Textiles Ltd reported a return on equity of 7.11%. 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. [1]

Website vardhman.com
CEO Mr. Shri Paul Oswal M.Com.
Employees 23,196
Listed 2003-01-14
Face Value ₹ 2
Issued Size 28,92,37,300

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