Vardhman Holdings Ltd
Incorporated in 1962, Vardhman Holdings Ltd is in the business of lending and investing activities[1]
- Market Cap ₹ 1,272 Cr.
- Current Price ₹ 4,000
- High / Low ₹ 5,760 / 2,850
- Stock P/E 4.93
- Book Value ₹ 11,093
- Dividend Yield 0.12 %
- ROCE 7.98 %
- ROE 7.55 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Stock is trading at 0.36 times its book value
- Market value of investments Rs.4,077 Cr. is more than the Market Cap Rs.1,272 Cr.
- Company's working capital requirements have reduced from 300 days to 96.2 days
Cons
- Tax rate seems low
- Company has a low return on equity of 7.03% over last 3 years.
- Earnings include an other income of Rs.256 Cr.
- Dividend payout has been low at 0.73% of profits over last 3 years
* 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
Financial Services Financial Services Finance Investment Company
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
13 | 70 | 28 | 9 | 12 | 20 | 33 | 6 | 15 | 23 | |
4 | 2 | 3 | 3 | 6 | 2 | 3 | 4 | 4 | 6 | |
Operating Profit | 9 | 68 | 25 | 6 | 7 | 18 | 30 | 2 | 11 | 17 |
OPM % | 72% | 97% | 89% | 68% | 53% | 89% | 91% | 26% | 71% | 73% |
151 | 242 | 157 | 196 | 155 | 116 | 429 | 223 | 184 | 256 | |
Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Profit before tax | 160 | 310 | 181 | 202 | 161 | 133 | 459 | 225 | 194 | 273 |
Tax % | 1% | 2% | 1% | 0% | 1% | 3% | 7% | -2% | 5% | 5% |
159 | 303 | 179 | 202 | 160 | 130 | 429 | 228 | 185 | 258 | |
EPS in Rs | 496.88 | 950.05 | 559.83 | 632.40 | 500.42 | 405.80 | 1,344.45 | 715.74 | 579.29 | 808.40 |
Dividend Payout % | 1% | 1% | 1% | 1% | 0% | 1% | 0% | 1% | 1% | 1% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 13% |
3 Years: | -12% |
TTM: | 53% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | -16% |
TTM: | 40% |
Stock Price CAGR | |
---|---|
10 Years: | 14% |
5 Years: | 26% |
3 Years: | 12% |
1 Year: | -4% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 7% |
Last Year: | 8% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Reserves | 1,244 | 1,545 | 1,819 | 1,994 | 2,122 | 2,303 | 2,774 | 3,096 | 3,294 | 3,537 |
0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
2 | 5 | 3 | 5 | 4 | 2 | 1 | 1 | 1 | 1 | |
Total Liabilities | 1,249 | 1,553 | 1,825 | 2,003 | 2,130 | 2,307 | 2,778 | 3,101 | 3,298 | 3,541 |
1 | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |
CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Investments | 1,240 | 1,506 | 1,776 | 1,952 | 1,979 | 2,167 | 2,738 | 3,065 | 3,270 | 3,528 |
9 | 46 | 46 | 48 | 147 | 137 | 36 | 32 | 25 | 10 | |
Total Assets | 1,249 | 1,553 | 1,825 | 2,003 | 2,130 | 2,307 | 2,778 | 3,101 | 3,298 | 3,541 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
-34 | 2 | 6 | -95 | 82 | -5 | 1 | -3 | -6 | ||
36 | 0 | -3 | 99 | -10 | -69 | 2 | 4 | 5 | ||
-1 | -2 | -2 | -2 | -0 | -2 | -2 | -2 | -2 | ||
Net Cash Flow | 1 | 0 | 1 | 2 | 72 | -75 | 2 | -0 | -2 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Inventory Days | ||||||||||
Days Payable | ||||||||||
Cash Conversion Cycle | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
Working Capital Days | 82 | 194 | 41 | 19 | 2,908 | 372 | 98 | 569 | 236 | 96 |
ROCE % | 22% | 11% | 11% | 8% | 6% | 18% | 8% | 6% | 8% |
Documents
Announcements
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Board Meeting Intimation for Consideration And Approval Of Un-Audited Financial Results Of The Company For The Quarter Ended 30 June, 2025.
3h - Board meeting on 5 Aug 2025 to approve Q1 FY2025-26 unaudited financial results.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
25 Jul - Newspaper notice published in Business Standard on 25th July, 2025 regarding opening of a special window for re-lodgement of transfer requests of physical shares.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
15 Jul - Copy of letter dispatched to the shareholders by Registered Post and Notice published in "Business Standard" and "Desh Sewak" regarding transfer of Equity Shares of …
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
8 Jul - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.
- Demat Report For The Month Ended 30 June, 2025. 4 Jul
Annual reports
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Financial Year 2024
from bse
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
from nse
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Financial Year 2012
from bse
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Financial Year 2011
from bse
Business Overview:[1][2]
VHL is a Non Deposit Taking Systemically Important Non Banking Finance Corporation which is mainly into investment activities. It primarily earns its income from investments. Company’s strategy is to adopt a systematic approach of investment into different asset classes and to keep the portfolio dynamic as per the changing market conditions. Company’s current portfolio consists of investments into debt, equity and real estate