Vardhman Acrylics Ltd

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

Vardhman Acrylics Ltd

₹ 44.3 2.33%
19 May 3:59 p.m.
vardhmanacrylics.com NSE: VARDHACRLC
About

Incorporated in 1990, Vardhman Acrylics Ltd is a manufacturer and supplier of Acrylic Fibre and Tow[1]

Key Points

Business Overview:[1]
VAL is among the top three players in the acrylic fiber segment in India. It holds around 90% of the total operational capacity in the domestic acrylic fiber industry. It is a part of Vardhman Textiles Ltd which holds 70.74% stake in VAL and provides managerial and operational support. Company markets acrylic fibre under the Varlan brand. Acrylic fiber is used to manufacture hand-knitted yarn, blankets, jerseys, sweaters, saris, upholstery, and carpets

Website NSE
  • Market Cap ₹ 356 Cr.
  • Current Price ₹ 44.3
  • High / Low ₹ 54.2 / 27.0
  • Stock P/E 13.1
  • Book Value ₹ 31.6
  • Dividend Yield 3.36 %
  • ROCE 11.8 %
  • ROE 11.1 %
  • Face Value ₹ 10.0
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Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Company has been maintaining a healthy dividend payout of 79.3%

Cons

  • The company has delivered a poor sales growth of 2.60% over past five years.
  • Tax rate seems low
  • Company has a low return on equity of 7.74% over last 3 years.
  • Earnings include an other income of Rs.15.2 Cr.
  • Working capital days have increased from 81.0 days to 219 days

* 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

Consumer Discretionary Textiles Textiles & Apparels Other Textile Products

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
81 81 86 62 68 57 71 82 72 69 89 76 84
77 82 81 57 64 55 70 81 72 70 89 69 73
Operating Profit 3 -2 5 5 5 2 1 1 -0 -1 0 7 10
OPM % 4% -2% 6% 8% 7% 4% 1% 1% -0% -1% 0% 9% 12%
3 4 4 3 4 4 3 5 3 4 4 3 4
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 5 1 8 6 7 5 3 5 2 2 3 10 14
Tax % 23% 21% 21% 12% 20% 20% 55% 17% 18% 24% 23% 23% -14%
4 0 6 6 5 4 2 4 2 2 2 7 16
EPS in Rs 0.49 0.06 0.77 0.70 0.66 0.54 0.19 0.49 0.24 0.22 0.31 0.92 1.94
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
498 448 368 327 392 334 280 303 427 297 282 319
465 403 331 295 364 308 232 294 390 284 278 302
Operating Profit 34 44 38 31 28 27 48 9 36 13 4 17
OPM % 7% 10% 10% 10% 7% 8% 17% 3% 8% 5% 1% 5%
16 22 25 21 25 27 15 14 13 14 16 15
Interest 0 0 0 1 0 0 1 0 0 0 0 0
Depreciation 5 4 5 5 5 5 5 5 5 6 3 3
Profit before tax 45 62 57 47 47 48 57 17 43 21 16 29
Tax % 25% 34% 28% 17% 26% 3% 25% 16% 24% 18% 26% 6%
33 41 41 39 34 46 43 15 33 18 12 27
EPS in Rs 3.59 4.38 5.12 4.80 4.29 5.76 5.34 1.81 4.09 2.18 1.47 3.39
Dividend Payout % 28% 114% 29% 42% 58% -0% -0% 1,380% 61% 92% 102% 44%
Compounded Sales Growth
10 Years: -3%
5 Years: 3%
3 Years: -9%
TTM: 13%
Compounded Profit Growth
10 Years: -4%
5 Years: -9%
3 Years: -6%
TTM: 133%
Stock Price CAGR
10 Years: 2%
5 Years: 0%
3 Years: -4%
1 Year: -1%
Return on Equity
10 Years: 11%
5 Years: 8%
3 Years: 8%
Last Year: 11%

Balance Sheet

Figures in Rs. Crores

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 93 93 80 80 80 80 80 80 80 80 80 80
Reserves 228 225 215 239 253 275 318 132 165 163 158 174
1 1 1 1 1 1 0 3 0 1 0 -0
108 77 127 92 119 96 86 87 97 84 110 89
Total Liabilities 430 395 423 413 453 453 485 302 342 328 349 343
72 61 58 55 52 64 59 56 54 56 58 60
CWIP 2 0 0 0 0 0 0 0 4 0 0 0
Investments 263 256 248 260 284 160 232 134 172 169 186 183
92 78 117 99 118 229 194 112 112 103 105 99
Total Assets 430 395 423 413 453 453 485 302 342 328 349 343

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
55 23 42 3 26 4 39 -9 39 7 26 7
-58 43 30 7 -8 80 -83 190 -37 12 -9 8
-1 -68 -63 -15 -20 -24 -1 -198 -3 -20 -17 -12
Net Cash Flow -3 -2 8 -5 -2 61 -44 -17 -1 0 -0 2
Free Cash Flow 51 20 41 2 23 -2 39 -12 31 4 21 2
CFO/OP 203% 84% 114% 62% 137% 48% 111% -18% 135% 92% 753% 69%

Ratios

Figures in Rs. Crores

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 1 2 5 23 15 10 20 13 11 20 11 13
Inventory Days 63 62 123 85 94 92 139 121 108 141 149 108
Days Payable 60 37 100 66 84 83 89 75 70 81 123 83
Cash Conversion Cycle 5 27 28 41 24 20 69 59 49 80 37 39
Working Capital Days -2 11 -5 9 4 -2 21 29 15 25 -1 219
ROCE % 12% 19% 19% 15% 14% 14% 15% 6% 19% 9% 7% 12%

Insights

In beta
Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Closing Stock - Finished Goods (Fibre and Tow)
MT

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Installed Capacity - Acrylic Fibre/Tow
TPA
Permanent Employees
Number
Sales Volume - Acrylic Fibre and Tow
MT
Production Interruption
Days

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97% 74.97%
0.13% 0.14% 0.13% 0.16% 0.18% 0.19% 0.13% 0.13% 0.14% 0.02% 0.02% 0.02%
24.90% 24.89% 24.90% 24.87% 24.85% 24.83% 24.90% 24.90% 24.89% 25.01% 25.01% 25.01%
No. of Shareholders 29,05028,15228,76129,29228,73228,03728,06128,29128,21628,02628,07427,984

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

Documents

Announcements

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