Vardhman Polytex Ltd

Vardhman Polytex Ltd

₹ 10.8 -2.70%
19 Jun 10:46 a.m.
About

Incorporated in 1981, Vardhman Polytex
Ltd manufactures yarn and garments[1]

Key Points

Business Overview:[1][2]
VPL is a flagship company of Oswal Group. It manufactures range of Cotton Yarns (Carded, Combed, Organic, BCI), Cotton Polyester Yarns and Value Added Yarns (Grey and Dyed) in variable counts. Company has entered into arrangement with few vendors, from whom company is purchases raw materials, processes it and sells the finished output back to them

  • Market Cap 295 Cr.
  • Current Price 10.8
  • High / Low 12.3 / 4.78
  • Stock P/E
  • Book Value -13.2
  • Dividend Yield 0.00 %
  • ROCE %
  • ROE %
  • Face Value 1.00

Pros

  • Company has reduced debt.

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of -14.4% over past five years.
  • Promoters have pledged 81.5% of their holding.
  • Promoter holding has decreased over last 3 years: -11.0%

* 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 - Cotton/Blended

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
193.91 191.52 215.02 244.00 278.06 258.35 101.05 92.97 163.14 135.53 100.60 60.81 73.69
176.13 173.87 198.75 231.99 264.83 255.65 106.58 111.14 178.39 138.70 120.85 78.33 74.65
Operating Profit 17.78 17.65 16.27 12.01 13.23 2.70 -5.53 -18.17 -15.25 -3.17 -20.25 -17.52 -0.96
OPM % 9.17% 9.22% 7.57% 4.92% 4.76% 1.05% -5.47% -19.54% -9.35% -2.34% -20.13% -28.81% -1.30%
0.64 0.60 1.09 0.78 0.61 2.12 26.69 51.59 22.95 19.79 1.79 2.87 4.52
Interest 16.05 15.21 15.76 15.82 17.36 12.01 14.78 13.93 12.69 12.83 12.96 -22.58 0.14
Depreciation 3.55 3.49 3.48 3.44 3.25 3.21 3.11 2.97 2.90 2.74 2.65 2.62 2.47
Profit before tax -1.18 -0.45 -1.88 -6.47 -6.77 -10.40 3.27 16.52 -7.89 1.05 -34.07 5.31 0.95
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
-1.18 -0.45 -1.88 -6.46 -6.77 -10.41 3.27 16.52 -7.89 1.05 -34.07 5.31 0.95
EPS in Rs -0.05 -0.02 -0.08 -0.29 -0.30 -0.47 0.15 0.74 -0.35 0.05 -1.40 0.19 0.03
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
784 921 941 876 859 618 808 560 507 928 615 371
699 829 878 814 792 659 807 560 493 868 651 413
Operating Profit 85 92 63 62 66 -41 1 -0 14 59 -36 -42
OPM % 11% 10% 7% 7% 8% -7% 0% -0% 3% 6% -6% -11%
9 20 -12 50 14 -295 3 177 3 3 103 29
Interest 63 75 76 74 60 68 60 60 59 64 53 3
Depreciation 37 33 32 28 21 21 18 16 15 14 12 10
Profit before tax -5 3 -58 9 -1 -424 -74 102 -57 -16 2 -27
Tax % 123% -44% 50% 0% 0% 0% 0% 0% 0% 0% 0% 0%
1 5 -29 9 -1 -424 -74 102 -57 -16 1 -27
EPS in Rs 0.07 0.24 -1.29 0.40 -0.03 -19.02 -3.33 4.57 -2.54 -0.70 0.07 -0.98
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -9%
5 Years: -14%
3 Years: -10%
TTM: -40%
Compounded Profit Growth
10 Years: %
5 Years: 10%
3 Years: 15%
TTM: 72%
Stock Price CAGR
10 Years: 9%
5 Years: 96%
3 Years: 76%
1 Year: 116%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 18 20 22 22 22 22 22 22 22 22 22 27
Reserves 84 109 106 85 85 -339 -414 -313 -370 -386 -385 -388
498 465 451 405 396 448 446 490 523 529 447 76
85 121 118 115 122 264 269 113 130 161 206 560
Total Liabilities 685 715 697 627 626 395 324 313 306 326 291 276
295 283 258 239 244 229 211 195 182 170 159 130
CWIP 14 8 4 7 5 3 0 0 0 0 0 0
Investments 137 137 92 92 92 0 0 0 0 0 0 0
239 287 344 290 285 163 112 117 123 156 133 146
Total Assets 685 715 697 627 626 395 324 313 306 326 291 276

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
72 62 76 108 76 49 63 13 24 61 40 -14
-1 -11 1 -7 -20 -5 -1 0 -1 -1 -1 26
-49 -64 -79 -104 -55 -50 -64 -14 -23 -61 -39 -12
Net Cash Flow 22 -13 -2 -4 1 -5 -1 -0 -0 0 0 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 26 26 20 31 33 16 4 4 6 4 0 0
Inventory Days 37 55 77 44 47 32 12 18 19 23 11 19
Days Payable 35 39 38 39 42 31 26 53 74 54 99 209
Cash Conversion Cycle 29 42 59 36 38 18 -10 -31 -49 -26 -88 -190
Working Capital Days 3 10 28 13 11 -139 -97 -40 -54 -25 -81 -139
ROCE % 9% 13% 9% 15% 12% -18% -16% -10% 1% 28% -34%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
60.18% 60.18% 60.18% 60.16% 60.16% 60.16% 60.16% 60.16% 60.16% 55.21% 49.14% 49.14%
1.15% 1.15% 1.15% 1.49% 1.81% 1.83% 1.96% 2.82% 1.52% 1.40% 0.65% 0.38%
0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
38.66% 38.66% 38.66% 38.34% 38.02% 38.00% 37.87% 37.02% 38.31% 43.40% 50.20% 50.47%
No. of Shareholders 16,78616,66416,34916,34416,46716,42916,43716,08514,75213,82513,52913,371

* 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.

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