Vardhman Acrylics Ltd

About [ edit ]

Vardhman Acrylics is a leading manufacturer and supplier of Acrylic Fibre and Tow.

  • Market Cap 345 Cr.
  • Current Price 42.9
  • High / Low 49.8 / 25.8
  • Stock P/E 8.03
  • Book Value 49.6
  • Dividend Yield 0.00 %
  • ROCE 15.3 %
  • ROE 11.4 %
  • Face Value 10.0

Pros

  • Company has reduced debt.
  • Company is almost debt free.
  • Stock is trading at 0.87 times its book value

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • The company has delivered a poor sales growth of -7.96% over past five years.
  • Company has a low return on equity of 11.80% for last 3 years.

Peer comparison

Sector: Textiles Industry: Textiles - Manmade

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Quarterly Results

Figures in Rs. Crores

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
106 123 103 85 91 89 89 92 34 68 85 109
87 105 103 70 68 79 81 79 32 61 64 76
Operating Profit 19 19 0 15 23 11 7 13 2 7 21 33
OPM % 18% 15% 0% 18% 25% 12% 8% 14% 6% 11% 25% 30%
Other Income -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
Depreciation 1 1 1 2 1 1 1 1 1 1 1 1
Profit before tax 17 17 -1 13 22 9 6 11 1 6 19 31
Tax % 29% 25% 45% 25% 23% -16% -35% 1% 20% 22% 24% 26%
Net Profit 12 13 -1 10 17 11 8 11 1 5 15 23
EPS in Rs 1.53 1.62 -0.08 1.22 2.09 1.33 0.96 1.38 0.06 0.58 1.85 2.85

Profit & Loss

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
270 399 390 436 468 498 448 368 327 392 334 296
205 337 356 394 418 465 403 331 295 364 308 232
Operating Profit 66 61 34 42 50 34 44 38 31 28 27 63
OPM % 24% 15% 9% 10% 11% 7% 10% 10% 10% 7% 8% 21%
Other Income 3 6 13 8 21 16 22 25 21 25 27 -0
Interest 0 0 0 1 1 0 0 0 1 0 0 1
Depreciation 11 11 11 11 11 5 4 5 5 5 5 5
Profit before tax 57 56 35 38 59 45 62 57 47 47 48 57
Tax % 24% 33% 31% 36% 26% 25% 34% 28% 17% 26% 3% 25%
Net Profit 43 38 24 24 44 33 41 41 39 34 46 43
EPS in Rs 2.58 4.70 3.59 4.38 5.12 4.80 4.29 5.76 5.34
Dividend Payout % -0% -0% -0% -0% -0% 28% 114% 29% 42% 58% -0% -0%
Compounded Sales Growth
10 Years:-3%
5 Years:-8%
3 Years:-3%
TTM:-12%
Compounded Profit Growth
10 Years:1%
5 Years:1%
3 Years:4%
TTM:-7%
Stock Price CAGR
10 Years:15%
5 Years:4%
3 Years:-4%
1 Year:58%
Return on Equity
10 Years:12%
5 Years:12%
3 Years:12%
Last Year:11%

Balance Sheet

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
109 109 109 95 93 93 93 80 80 80 80 80
Reserves 80 118 142 165 208 228 225 215 239 253 275 318
Borrowings 2 2 8 4 2 1 1 1 1 1 1 0
57 43 47 55 82 108 77 127 92 119 96 86
Total Liabilities 248 272 306 319 385 430 395 423 413 453 453 485
116 106 96 86 75 72 61 58 55 52 64 59
CWIP -0 -0 0 0 3 2 0 0 0 0 0 0
Investments 10 47 89 135 194 263 256 248 260 284 160 232
122 119 121 98 113 92 78 117 99 118 229 194
Total Assets 248 272 306 319 385 430 395 423 413 453 453 485

Cash Flows

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
44 16 28 24 43 55 23 42 3 26 4 39
-43 -15 -32 3 -44 -58 43 30 7 -8 80 -83
1 -0 6 -20 -5 -1 -68 -63 -15 -20 -24 -1
Net Cash Flow 2 1 1 7 -6 -3 -2 8 -5 -2 61 -44

Ratios

Figures in Rs. Crores

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 35% 27% 14% 15% 18% 12% 19% 19% 15% 14% 14% 15%
Debtor Days 4 8 8 2 8 1 2 5 23 15 10 19
Inventory Turnover 5.96 7.10 6.38 5.81 5.36 5.86 5.45 3.98 3.80 5.03 3.92 3.08

Shareholding Pattern

Numbers in percentages

Shareholding pattern is currently not available for this company.

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