Vardhman Polytex Ltd

Vardhman Polytex Ltd

₹ 11.1 0.09%
14 Jun - close price
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 303 Cr.
  • Current Price 11.1
  • High / Low 12.3 / 4.78
  • Stock P/E
  • Book Value -16.3
  • Dividend Yield 0.00 %
  • ROCE 28.4 %
  • ROE %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter

Cons

  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 0.06% 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021
202.74 213.33 204.50 97.83 122.94 135.59 42.79 120.64 151.12 193.97 191.58 215.13 244.00
203.97 209.92 204.85 100.57 124.69 131.03 45.94 120.70 151.36 176.16 173.90 198.83 231.99
Operating Profit -1.23 3.41 -0.35 -2.74 -1.75 4.56 -3.15 -0.06 -0.24 17.81 17.68 16.30 12.01
OPM % -0.61% 1.60% -0.17% -2.80% -1.42% 3.36% -7.36% -0.05% -0.16% 9.18% 9.23% 7.58% 4.92%
0.84 0.52 0.66 0.74 0.94 175.19 0.66 0.65 0.66 0.64 0.60 1.14 0.78
Interest 14.74 14.63 14.25 15.34 15.53 14.57 15.35 16.54 11.06 16.05 15.21 15.76 15.82
Depreciation 4.62 4.44 4.58 3.79 3.75 3.59 3.70 3.88 3.50 3.58 3.52 3.51 3.44
Profit before tax -19.75 -15.14 -18.52 -21.13 -20.09 161.59 -21.54 -19.83 -14.14 -1.18 -0.45 -1.83 -6.47
Tax % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% -0.05% 0.00% 0.00% 0.00% 0.00% 0.00%
-19.75 -15.14 -18.52 -21.14 -20.09 161.59 -21.53 -19.84 -14.14 -1.19 -0.45 -1.83 -6.46
EPS in Rs -0.89 -0.68 -0.83 -0.95 -0.90 7.25 -0.97 -0.89 -0.63 -0.05 -0.02 -0.08 -0.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
803 852 939 1,051 1,019 951 925 637 808 560 507 928
689 871 837 947 950 889 863 698 807 560 493 868
Operating Profit 114 -19 102 104 69 62 61 -61 2 -0 15 59
OPM % 14% -2% 11% 10% 7% 6% 7% -10% 0% -0% 3% 6%
5 22 13 24 -10 52 12 3 2 177 3 3
Interest 57 86 76 88 91 90 77 84 60 60 59 64
Depreciation 39 45 52 48 42 38 30 30 18 16 15 14
Profit before tax 23 -127 -13 -8 -74 -15 -33 -172 -74 102 -57 -16
Tax % 40% 18% 48% 18% 40% -0% -0% -0% -0% 0% -0% -0%
14 -100 -7 -6 -45 -15 -33 -172 -74 102 -57 -16
EPS in Rs 1.00 -5.94 -0.28 -0.33 -2.01 -0.67 -1.50 -7.70 -3.32 4.57 -2.54 -0.70
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 1%
5 Years: 0%
3 Years: 5%
TTM: 83%
Compounded Profit Growth
10 Years: 6%
5 Years: 9%
3 Years: 21%
TTM: 72%
Stock Price CAGR
10 Years: 9%
5 Years: 93%
3 Years: 76%
1 Year: 115%
Return on Equity
10 Years: %
5 Years: %
3 Years: %
Last Year: %

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
Equity Capital 16 16 18 20 22 22 22 22 22 22 22 22
Reserves 117 19 23 32 6 -40 -86 -258 -414 -313 -371 -386
Preference Capital 0 0 7 12 0 0 12 12 0 0 0 0
652 660 647 601 581 534 518 569 446 490 523 529
82 86 136 167 149 159 201 180 270 113 131 161
Total Liabilities 868 781 823 819 758 676 655 513 324 313 306 326
481 554 517 490 397 368 363 340 211 196 183 170
CWIP 30 22 14 8 4 7 7 3 0 0 0 0
Investments 1 1 3 8 0 0 0 0 0 0 0 0
355 205 290 313 357 301 286 170 112 117 123 156
Total Assets 868 781 823 819 758 676 655 513 324 313 306 326

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
-2 214 90 71 85 109 92 51 134 13 24 61
-25 -90 -2 -11 2 -7 -24 -5 114 0 -1 -1
28 -132 -70 -72 -90 -103 -68 -51 -251 -14 -23 -61
Net Cash Flow 1 -8 18 -12 -4 -1 -0 -5 -4 -0 -0 0

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 41 27 38 33 26 35 34 16 4 4 6 4
Inventory Days 127 28 45 56 81 49 51 32 12 18 19 23
Days Payable 27 23 49 46 43 44 47 38 26 53 74 54
Cash Conversion Cycle 141 33 33 43 64 41 38 10 -10 -31 -49 -26
Working Capital Days 101 -13 -2 7 19 8 -6 -75 -97 -40 -54 -25
ROCE % -7% 8% 10% 8% 12% 9% -21% -7% -10% 1% 28%

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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