Vardhman Polytex Ltd

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

Vardhman Polytex Ltd

₹ 59.9 -0.88%
05 Dec 4:01 p.m.
oswalgroup.com BSE: 514175 NSE - BE : VARDMNPOLY
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

Website BSE NSE - BE
  • Market Cap ₹ 164 Cr.
  • Current Price ₹ 59.9
  • High / Low ₹ 74.0 / 17.4
  • Stock P/E
  • Book Value ₹ -155
  • Dividend Yield 0.00 %
  • ROCE -33.7 %
  • ROE %
  • Face Value ₹ 10.0
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Pros

Cons

  • Company has low interest coverage ratio.
  • Promoter holding has decreased over last quarter: -11.0%
  • The company has delivered a poor sales growth of -0.10% over past five years.
  • Promoters have pledged 81.5% of their holding.

* 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

Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023
121 151 194 192 215 244 278 258 101 93 163 136 101
121 151 176 174 199 232 265 256 107 111 178 139 121
Operating Profit -0 -0 18 18 16 12 13 3 -6 -18 -15 -3 -20
OPM % -0% -0% 9% 9% 8% 5% 5% 1% -5% -20% -9% -2% -20%
1 1 1 1 1 1 1 2 27 52 23 20 2
Interest 17 11 16 15 16 16 17 12 15 14 13 13 13
Depreciation 4 4 4 3 3 3 3 3 3 3 3 3 3
Profit before tax -20 -14 -1 -0 -2 -6 -7 -10 3 17 -8 1 -34
Tax % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
-20 -14 -1 -0 -2 -6 -7 -10 3 17 -8 1 -34
EPS in Rs -8.82 -6.42 -0.53 -0.20 -0.84 -2.90 -3.04 -4.67 1.47 7.41 -3.54 0.47 -14.03
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
748 784 921 941 876 859 618 808 560 507 928 615 492
772 699 829 878 814 792 659 807 560 493 868 651 549
Operating Profit -24 85 92 63 62 66 -41 1 -0 14 59 -36 -57
OPM % -3% 11% 10% 7% 7% 8% -7% 0% -0% 3% 6% -6% -12%
20 9 20 -12 50 14 -295 3 177 3 3 103 96
Interest 71 63 75 76 74 60 68 60 60 59 64 53 52
Depreciation 30 37 33 32 28 21 21 18 16 15 14 12 11
Profit before tax -105 -5 3 -58 9 -1 -424 -74 102 -57 -16 2 -24
Tax % 22% 123% -44% 50% 0% 0% 0% 0% 0% 0% 0% 0%
-81 1 5 -29 9 -1 -424 -74 102 -57 -16 1 -24
EPS in Rs -50.12 0.66 2.41 -12.92 4.05 -0.30 -190.16 -33.31 45.66 -25.43 -6.98 0.67 -9.69
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: -2%
5 Years: 0%
3 Years: 3%
TTM: -44%
Compounded Profit Growth
10 Years: %
5 Years: 4%
3 Years: -12%
TTM: -107%
Stock Price CAGR
10 Years: 6%
5 Years: 38%
3 Years: 94%
1 Year: 200%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 16 18 20 22 22 22 22 22 22 22 22 22 24
Reserves 78 84 109 106 85 85 -339 -414 -313 -370 -386 -385 -400
492 498 465 451 405 396 448 446 490 523 529 447 451
65 85 121 118 115 122 264 269 113 130 161 206 208
Total Liabilities 650 685 715 697 627 626 395 324 313 306 326 291 283
318 295 283 258 239 244 229 211 195 182 170 159 150
CWIP 22 14 8 4 7 5 3 0 0 0 0 0 0
Investments 137 137 137 92 92 92 0 0 0 0 0 0 0
174 239 287 344 290 285 163 112 117 123 156 133 133
Total Assets 650 685 715 697 627 626 395 324 313 306 326 291 283

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
177 72 62 76 108 76 49 63 13 24 61 40
-98 -1 -11 1 -7 -20 -5 -1 0 -1 -1 -1
-96 -49 -64 -79 -104 -55 -50 -64 -14 -23 -61 -39
Net Cash Flow -18 22 -13 -2 -4 1 -5 -1 -0 -0 0 0

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 23 26 26 20 31 33 16 4 4 6 4 0
Inventory Days 19 37 55 77 44 47 32 12 18 19 23 11
Days Payable 18 35 39 38 39 42 31 26 53 74 54 99
Cash Conversion Cycle 24 29 42 59 36 38 18 -10 -31 -49 -26 -88
Working Capital Days -10 3 10 28 13 11 -139 -97 -40 -54 -25 -81
ROCE % -8% 9% 13% 9% 15% 12% -18% -16% -10% 1% 28% -34%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Oct 2023
60.18% 60.18% 60.18% 60.18% 60.16% 60.16% 60.16% 60.16% 60.16% 60.16% 55.21% 49.14%
1.15% 1.15% 1.15% 1.15% 1.49% 1.81% 1.83% 1.96% 2.82% 1.52% 1.40% 1.24%
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% 38.66% 38.34% 38.02% 38.00% 37.87% 37.02% 38.31% 43.40% 49.61%
No. of Shareholders 16,67316,78616,66416,34916,34416,46716,42916,43716,08514,75213,82513,810

* 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.

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