Vardhman Holdings Ltd

Vardhman Holdings is principally engaged in lending and investing activities.

  • Market Cap: 333.50 Cr.
  • Current Price: 1,058
  • 52 weeks High / Low 2199.00 / 710.05
  • Book Value: 1,922
  • Stock P/E: 8.33
  • Dividend Yield: 0.47 %
  • ROCE: 5.08 %
  • ROE: 5.04 %
  • Sales Growth (3Yrs): -14.84 %
  • Listed on BSE and NSE
  • Company Website
  • Face Value: 10.00
Edit ratios
Pros:
Company is virtually debt free.
Stock is trading at 0.55 times its book value
Company is expected to give good quarter
Market value of investments Rs.2093.62 Cr. is more than the Market Cap Rs.333.50 Cr.
Cons:
The company has delivered a poor growth of 11.36% over past five years.
Tax rate seems low
** Remarks:
Some businesses are provided tax benefits to encourage their development

Peer comparison Sector: Finance // Industry: Finance & Investments

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Quarterly Results Standalone Figures in Rs. Crores / View Consolidated

Mar 2017 Jun 2017 Sep 2017 Dec 2017 Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019
173.05 7.95 32.76 7.15 1.46 2.52 24.81 1.35 3.34 5.17 25.61 9.12
1.24 0.93 0.48 0.50 1.60 0.61 0.74 0.34 1.28 1.17 0.52 0.63
Operating Profit 171.81 7.02 32.28 6.65 -0.14 1.91 24.07 1.01 2.06 4.00 25.09 8.49
OPM % 99.28% 88.30% 98.53% 93.01% -9.59% 75.79% 97.02% 74.81% 61.68% 77.37% 97.97% 93.09%
Other Income 1.15 0.30 0.37 0.27 0.41 0.32 0.32 0.31 0.43 0.35 0.35 0.35
Interest 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Depreciation 0.01 0.01 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Profit before tax 172.95 7.31 32.65 6.92 0.27 2.23 24.39 1.32 2.49 4.35 25.44 8.84
Tax % 1.83% 8.89% 6.00% -24.86% 570.37% 35.43% 5.54% 37.12% -98.39% 12.64% 3.11% 24.89%
Net Profit 169.79 6.66 30.69 8.64 -1.27 1.44 23.04 0.83 4.94 3.80 24.65 6.64
EPS in Rs 532.01 20.88 96.17 27.09 -3.97 4.51 72.19 2.59 15.31 11.89 77.22 20.81
Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes Notes

Profit & Loss Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 TTM
1.49 8.61 8.57 8.44 13.31 12.48 18.70 30.33 51.84 188.72 49.30 32.02 43.24
0.30 0.43 0.29 1.07 0.95 1.43 1.77 1.35 3.55 2.16 3.19 2.94 3.60
Operating Profit 1.19 8.18 8.28 7.37 12.36 11.05 16.93 28.98 48.29 186.56 46.11 29.08 39.64
OPM % 79.87% 95.01% 96.62% 87.32% 92.86% 88.54% 90.53% 95.55% 93.15% 98.86% 93.53% 90.82% 91.67%
Other Income 0.92 0.43 0.33 0.85 55.11 1.42 1.20 2.19 1.25 1.75 1.36 1.40 1.48
Interest 0.00 0.00 0.03 0.00 0.00 0.00 0.00 0.00 0.04 0.33 0.32 0.04 0.00
Depreciation 0.01 0.02 0.02 0.03 0.03 0.01 0.04 0.04 0.04 0.04 0.01 0.01 0.00
Profit before tax 2.10 8.59 8.56 8.19 67.44 12.46 18.09 31.13 49.46 187.94 47.14 30.43 41.12
Tax % 34.29% 5.94% 14.49% 13.80% 18.46% 8.11% 3.59% 2.67% 2.61% 3.35% 5.11% 0.59%
Net Profit 1.38 8.08 7.32 7.06 54.99 11.44 17.45 30.30 48.17 181.64 44.73 30.25 40.03
EPS in Rs 3.98 24.98 22.60 21.72 172.38 35.84 54.66 94.91 150.28 567.98 140.12 94.75 125.23
Dividend Payout % 46.23% 7.90% 8.72% 11.30% 1.45% 8.37% 5.48% 3.16% 1.99% 0.88% 3.57% 5.27%
* Sales is net of excise duty and discounts
Compounded Sales Growth
10 Years:14.04%
5 Years:11.36%
3 Years:-14.84%
TTM:43.46%
Compounded Profit Growth
10 Years:13.76%
5 Years:11.63%
3 Years:-14.37%
TTM:66.51%
Stock Price CAGR
10 Years:13.21%
5 Years:1.47%
3 Years:-31.53%
1 Year:-49.26%
Return on Equity
10 Years:14.33%
5 Years:17.03%
3 Years:17.16%
Last Year:5.04%

Balance Sheet Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Sep 2019
3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19 3.19
Reserves 98.21 105.54 112.11 118.25 172.31 182.63 198.96 228.10 275.12 454.84 594.46 598.42 610.25
Borrowings 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
1.07 0.75 0.93 1.12 1.93 1.47 1.46 1.89 1.96 4.76 3.00 5.48 7.23
Total Liabilities 102.47 109.48 116.23 122.56 177.43 187.29 203.61 233.18 280.27 462.79 600.65 607.09 620.67
0.26 0.24 1.10 1.09 0.89 0.87 1.06 1.02 0.98 0.82 3.03 3.05 3.04
CWIP 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
Investments 94.29 103.50 100.36 119.65 173.96 180.91 197.50 227.54 270.73 415.68 551.90 556.33 542.19
7.92 5.74 14.77 1.82 2.58 5.51 5.05 4.62 8.56 46.29 45.72 47.71 75.44
Total Assets 102.47 109.48 116.23 122.56 177.43 187.29 203.61 233.18 280.27 462.79 600.65 607.09 620.67

Cash Flows Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
0.51 2.96 1.42 12.76 9.71 8.83 13.41 22.19 37.63 -34.35 23.69 28.97
-16.30 -8.17 5.30 -18.09 -8.82 -6.11 -13.85 -20.93 -36.40 36.17 -21.38 -26.42
-0.06 -0.74 -0.74 -0.75 -0.91 -0.93 -1.11 -1.12 -1.14 -1.14 -1.93 -1.90
Net Cash Flow -15.85 -5.95 5.98 -6.08 -0.02 1.79 -1.55 0.14 0.08 0.69 0.38 0.64

Ratios Standalone Figures in Rs. Crores / View Consolidated

Mar 2008 Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019
ROCE % 1.96% 8.43% 8.28% 6.92% 8.95% 6.90% 9.33% 14.36% 19.43% 51.15% 8.98% 5.08%
Debtor Days 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Inventory Turnover