Vardhman Acrylics Ltd

Vardhman Acrylic Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vardhman Acrylics Ltd

₹ 44.4 0.79%
29 Mar - close price
Company website NSE : VARDHACRLC
About

Vardhman Acrylics Ltd is a leading manufacturer and supplier of Acrylic Fibre and Tow in India.[1]

Key Points

Product Offerings
The company's products primarily include fibre and tow which are made from acrylonitrile. Its products are marketed under its own brand 'VARLAN'. [1]
Its products are used for the manufacturing of various apparel and household use items such as clothes, sweaters, t-shirts, carpets, woven blankets, rug bed sheets, draperies, socks, etc. [2]

Website NSE
  • Market Cap ₹ 357 Cr.
  • Current Price ₹ 44.4
  • High / Low ₹ 70.2 / 43.3
  • Stock P/E 15.3
  • Book Value ₹ 28.7
  • Dividend Yield 56.2 %
  • ROCE 5.79 %
  • ROE 4.76 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is providing a good dividend yield of 56.2%.
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -3.81% over past five years.
  • Company has a low return on equity of 10.1% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Manmade

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Quarterly Results

Figures in Rs. Crores

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022
89 92 34 68 85 109 47 63 105 102 122 122 112
81 79 32 61 64 76 37 58 91 108 105 111 97
Operating Profit 7 13 2 7 21 33 11 4 14 -6 17 10 15
OPM % 8% 14% 6% 11% 25% 30% 23% 7% 13% -6% 14% 9% 14%
-0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0 -0
Interest 0 0 0 0 0 0 0 0 0 0 0 0 0
Depreciation 1 1 1 1 1 1 1 1 1 1 1 1 1
Profit before tax 6 11 1 6 19 31 9 3 13 -7 15 9 14
Tax % -35% 1% 20% 22% 24% 26% 17% 17% 21% 25% 24% 24% 24%
Net Profit 8 11 1 5 15 23 8 2 10 -6 12 7 10
EPS in Rs 0.96 1.38 0.06 0.58 1.85 2.85 0.95 0.30 1.24 -0.69 1.46 0.86 1.29
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Profit & Loss

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 TTM
399 390 436 468 498 448 368 327 392 334 280 303 458
337 356 394 418 465 403 331 295 364 308 232 294 422
Operating Profit 61 34 42 50 34 44 38 31 28 27 48 9 36
OPM % 15% 9% 10% 11% 7% 10% 10% 10% 7% 8% 17% 3% 8%
6 13 8 21 16 22 25 21 25 27 15 14 0
Interest 0 0 1 1 0 0 0 1 0 0 1 0 0
Depreciation 11 11 11 11 5 4 5 5 5 5 5 5 5
Profit before tax 56 35 38 59 45 62 57 47 47 48 57 17 31
Tax % 33% 31% 36% 26% 25% 34% 28% 17% 26% 3% 25% 16%
Net Profit 38 24 24 44 33 41 41 39 34 46 43 15 23
EPS in Rs 2.58 4.70 3.59 4.38 5.12 4.80 4.29 5.76 5.34 1.81 2.92
Dividend Payout % -0% -0% -0% -0% 28% 114% 29% 42% 58% -0% -0% 1,380%
Compounded Sales Growth
10 Years: -2%
5 Years: -4%
3 Years: -8%
TTM: 41%
Compounded Profit Growth
10 Years: -4%
5 Years: -19%
3 Years: -25%
TTM: -46%
Stock Price CAGR
10 Years: 14%
5 Years: -1%
3 Years: 18%
1 Year: -9%
Return on Equity
10 Years: 11%
5 Years: 11%
3 Years: 10%
Last Year: 5%

Balance Sheet

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Sep 2022
109 109 95 93 93 93 80 80 80 80 80 80 80
Reserves 118 142 165 208 228 225 215 239 253 275 318 132 151
2 8 4 2 1 1 1 1 1 1 0 3 -0
43 47 55 82 108 77 127 92 119 96 86 87 94
Total Liabilities 272 306 319 385 430 395 423 413 453 453 485 302 325
106 96 86 75 72 61 58 55 52 64 59 56 54
CWIP -0 0 0 3 2 0 0 0 0 0 0 0 3
Investments 47 89 135 194 263 256 248 260 284 160 232 134 157
119 121 98 113 92 78 117 99 118 229 194 112 112
Total Assets 272 306 319 385 430 395 423 413 453 453 485 302 325

Cash Flows

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
16 28 24 43 55 23 42 3 26 4 39 -9
-15 -32 3 -44 -58 43 30 7 -8 80 -83 190
-0 6 -20 -5 -1 -68 -63 -15 -20 -24 -1 -198
Net Cash Flow 1 1 7 -6 -3 -2 8 -5 -2 61 -44 -17

Ratios

Figures in Rs. Crores

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Debtor Days 8 8 2 8 1 2 5 23 15 10 20 13
Inventory Days 55 68 72 78 63 62 123 85 94 92 139 121
Days Payable 16 22 31 45 60 37 100 66 84 83 89 75
Cash Conversion Cycle 47 53 43 41 5 27 28 41 24 20 69 59
Working Capital Days 86 83 42 32 -2 12 -5 11 4 -1 21 32
ROCE % 27% 14% 15% 18% 12% 19% 19% 15% 14% 14% 15% 6%

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

Documents

Announcements

Annual reports

Credit ratings