Vardhman Textiles Ltd

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

Vardhman Textiles Ltd

₹ 462 0.57%
25 Apr 4:01 p.m.
vardhman.com BSE: 502986 NSE : VTL
About

Vardhman textiles is engaged in the business of manufacturing Yarn, Fabric, Acrylic Fiber and Garments, the Group has over the years developed as a business conglomerate with a presence in India and in 75 countries across the globe. [1]

Key Points

Market Position
The group is among the top three woven fabric manufacturers in India. [1]

Website BSE NSE
  • Market Cap ₹ 13,345 Cr.
  • Current Price ₹ 462
  • High / Low ₹ 476 / 309
  • Stock P/E 23.4
  • Book Value ₹ 296
  • Dividend Yield 0.76 %
  • ROCE 10.7 %
  • ROE 9.06 %
  • Face Value ₹ 2.00
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Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 33.2%
  • Company's working capital requirements have reduced from 173 days to 132 days

Cons

  • Company has a low return on equity of 13.1% over last 3 years.
  • Earnings include an other income of Rs.342 Cr.

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,667 1,865 1,893 2,330 2,521 2,642 2,731 2,387 2,294 2,428 2,263 2,334 2,289
1,416 1,497 1,422 1,656 1,911 2,135 2,220 2,038 2,127 2,170 2,045 2,134 2,051
Operating Profit 251 368 472 674 610 507 511 349 167 258 218 200 237
OPM % 15% 20% 25% 29% 24% 19% 19% 15% 7% 11% 10% 9% 10%
52 45 42 64 231 48 22 29 68 73 92 91 86
Interest 23 28 26 24 21 29 26 25 21 30 32 22 19
Depreciation 88 91 90 90 91 91 92 97 97 103 103 102 98
Profit before tax 191 294 398 623 729 435 415 256 117 199 174 167 206
Tax % 25% 24% 24% 25% 20% 26% 25% 24% 22% 24% 25% 23% 22%
144 224 301 470 584 323 313 195 91 150 131 128 161
EPS in Rs 5.02 7.79 10.44 16.30 20.25 11.17 10.84 6.74 3.13 5.20 4.55 4.44 5.57
Raw PDF

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
3,909 4,149 5,159 5,730 5,602 5,691 5,851 6,415 6,325 5,926 9,386 9,841 9,314
3,416 3,320 3,898 4,789 4,494 4,560 4,993 5,283 5,442 5,159 7,124 8,556 8,400
Operating Profit 493 828 1,261 942 1,108 1,131 859 1,132 883 767 2,262 1,285 913
OPM % 13% 20% 24% 16% 20% 20% 15% 18% 14% 13% 24% 13% 10%
61 55 64 158 241 628 185 218 172 188 385 193 342
Interest 173 174 152 122 87 125 114 118 133 113 100 102 104
Depreciation 235 254 294 489 363 329 229 241 319 358 362 389 406
Profit before tax 145 455 879 489 899 1,305 701 990 603 484 2,186 987 746
Tax % 25% 29% 26% 27% 25% 23% 22% 30% 10% 24% 23% 24%
110 324 652 359 676 1,002 546 696 545 367 1,677 749 571
EPS in Rs 3.45 10.17 20.48 11.28 21.25 34.87 19.00 24.21 18.97 12.74 58.07 25.91 19.76
Dividend Payout % 26% 12% 11% 18% 14% 8% 16% 14% 0% 27% 59% 14%
Compounded Sales Growth
10 Years: 9%
5 Years: 11%
3 Years: 16%
TTM: -7%
Compounded Profit Growth
10 Years: 9%
5 Years: 9%
3 Years: 12%
TTM: -38%
Stock Price CAGR
10 Years: 21%
5 Years: 15%
3 Years: 24%
1 Year: 46%
Return on Equity
10 Years: 14%
5 Years: 12%
3 Years: 13%
Last Year: 9%

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 64 64 64 64 62 56 57 57 58 58 58 58 58
Reserves 1,932 2,213 2,785 3,020 3,628 3,930 4,575 5,182 5,609 6,081 7,481 8,236 8,497
2,632 3,025 3,227 2,506 2,596 2,198 2,282 2,238 2,197 2,132 1,980 1,677 1,517
552 622 805 716 700 775 782 892 864 793 1,056 890 914
Total Liabilities 5,180 5,923 6,880 6,305 6,985 6,959 7,696 8,369 8,727 9,064 10,576 10,861 10,986
2,195 2,336 2,775 2,496 2,500 2,458 2,507 3,059 3,481 3,468 3,436 3,880 3,768
CWIP 182 213 85 77 85 49 105 274 139 78 241 47 37
Investments 515 559 712 674 1,070 1,643 1,592 1,087 1,031 813 1,458 2,247 2,672
2,288 2,816 3,309 3,058 3,330 2,809 3,492 3,950 4,075 4,705 5,441 4,687 4,509
Total Assets 5,180 5,923 6,880 6,305 6,985 6,959 7,696 8,369 8,727 9,064 10,576 10,861 10,986

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
930 269 706 1,211 869 1,289 90 447 851 115 1,430 1,815
-504 -469 -677 -144 -480 -252 -160 -227 -462 -31 -883 -1,406
-417 168 -2 -944 -288 -1,213 97 -247 -278 -199 -521 -397
Net Cash Flow 10 -32 26 123 101 -175 27 -28 111 -114 26 13

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 50 56 52 43 50 46 45 43 46 63 51 44
Inventory Days 204 269 292 192 240 208 244 269 274 317 233 146
Days Payable 13 8 15 15 19 23 28 26 32 30 29 19
Cash Conversion Cycle 241 316 329 220 271 231 261 286 288 350 255 170
Working Capital Days 150 170 152 94 126 114 158 168 176 221 165 132
ROCE % 7% 12% 18% 10% 16% 15% 11% 14% 9% 7% 25% 11%

Shareholding Pattern

Numbers in percentages

Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
63.21% 63.17% 63.15% 62.93% 62.91% 63.75% 63.85% 63.85% 64.07% 64.11% 64.13% 64.13%
4.41% 4.91% 6.30% 8.26% 7.51% 6.99% 7.07% 6.85% 6.65% 6.95% 6.37% 6.29%
21.29% 20.68% 18.84% 16.52% 16.56% 16.71% 16.85% 17.01% 16.95% 16.70% 16.84% 16.54%
0.00% 0.00% 0.00% 0.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
11.10% 11.24% 11.71% 11.95% 13.01% 12.51% 12.21% 12.30% 12.32% 12.25% 12.65% 13.04%
No. of Shareholders 32,49545,07257,31174,44985,45381,99976,00274,07768,70866,67667,84868,945

* 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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Documents

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