Vardhman Textiles Ltd
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]
- Market Cap ₹ 8,315 Cr.
- Current Price ₹ 288
- High / Low ₹ 565 / 246
- Stock P/E 9.03
- Book Value ₹ 278
- Dividend Yield 2.36 %
- ROCE 25.2 %
- ROE 24.0 %
- Face Value ₹ 2.00
Pros
- Company has reduced debt.
- Stock is trading at 1.03 times its book value
- Company has delivered good profit growth of 21.2% CAGR over last 5 years
Cons
- The company has delivered a poor sales growth of 10.5% over past five years.
- Company has a low return on equity of 13.7% 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
Sector: Textiles Industry: Textiles - Cotton/Blended
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
3,594 | 3,909 | 4,149 | 5,159 | 5,730 | 5,602 | 5,691 | 5,851 | 6,415 | 6,325 | 5,926 | 9,386 | 10,054 | |
2,695 | 3,416 | 3,320 | 3,898 | 4,789 | 4,494 | 4,560 | 4,993 | 5,283 | 5,442 | 5,159 | 7,124 | 8,521 | |
Operating Profit | 899 | 493 | 828 | 1,261 | 942 | 1,108 | 1,131 | 859 | 1,132 | 883 | 767 | 2,262 | 1,534 |
OPM % | 25% | 13% | 20% | 24% | 16% | 20% | 20% | 15% | 18% | 14% | 13% | 24% | 15% |
72 | 61 | 55 | 64 | 158 | 241 | 628 | 185 | 218 | 172 | 188 | 385 | 167 | |
Interest | 136 | 173 | 174 | 152 | 122 | 87 | 125 | 114 | 118 | 133 | 113 | 100 | 100 |
Depreciation | 226 | 235 | 254 | 294 | 489 | 363 | 329 | 229 | 241 | 319 | 358 | 362 | 377 |
Profit before tax | 609 | 145 | 455 | 879 | 489 | 899 | 1,305 | 701 | 990 | 603 | 484 | 2,186 | 1,223 |
Tax % | 23% | 25% | 29% | 26% | 27% | 25% | 23% | 22% | 30% | 10% | 24% | 23% | |
Net Profit | 470 | 110 | 324 | 652 | 359 | 676 | 1,002 | 546 | 696 | 545 | 367 | 1,677 | 921 |
EPS in Rs | 14.76 | 3.45 | 10.17 | 20.48 | 11.28 | 21.25 | 34.87 | 19.00 | 24.21 | 18.97 | 12.74 | 58.07 | 31.88 |
Dividend Payout % | 6% | 26% | 12% | 11% | 18% | 14% | 8% | 16% | 14% | 0% | 27% | 12% |
Compounded Sales Growth | |
---|---|
10 Years: | 9% |
5 Years: | 11% |
3 Years: | 14% |
TTM: | 17% |
Compounded Profit Growth | |
---|---|
10 Years: | 32% |
5 Years: | 21% |
3 Years: | 37% |
TTM: | -42% |
Stock Price CAGR | |
---|---|
10 Years: | 18% |
5 Years: | 2% |
3 Years: | 12% |
1 Year: | -40% |
Return on Equity | |
---|---|
10 Years: | 15% |
5 Years: | 13% |
3 Years: | 14% |
Last Year: | 24% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
64 | 64 | 64 | 64 | 64 | 62 | 56 | 57 | 57 | 58 | 58 | 58 | 58 | |
Reserves | 1,855 | 1,932 | 2,213 | 2,785 | 3,020 | 3,628 | 3,930 | 4,574 | 5,180 | 5,609 | 6,075 | 7,480 | 7,992 |
2,683 | 2,632 | 3,025 | 3,227 | 2,506 | 2,596 | 2,198 | 2,282 | 2,238 | 2,197 | 2,132 | 1,980 | 1,537 | |
631 | 552 | 622 | 805 | 716 | 700 | 775 | 782 | 893 | 864 | 799 | 1,058 | 1,089 | |
Total Liabilities | 5,231 | 5,180 | 5,923 | 6,880 | 6,305 | 6,985 | 6,959 | 7,696 | 8,369 | 8,727 | 9,064 | 10,576 | 10,677 |
2,126 | 2,195 | 2,336 | 2,775 | 2,496 | 2,500 | 2,458 | 2,507 | 3,059 | 3,481 | 3,468 | 3,436 | 3,516 | |
CWIP | 114 | 182 | 213 | 85 | 77 | 85 | 49 | 105 | 274 | 139 | 78 | 241 | 412 |
Investments | 353 | 515 | 559 | 712 | 674 | 1,070 | 1,643 | 1,592 | 1,087 | 1,031 | 813 | 1,458 | 2,064 |
2,639 | 2,288 | 2,816 | 3,309 | 3,058 | 3,330 | 2,809 | 3,492 | 3,950 | 4,075 | 4,705 | 5,441 | 4,684 | |
Total Assets | 5,231 | 5,180 | 5,923 | 6,880 | 6,305 | 6,985 | 6,959 | 7,696 | 8,369 | 8,727 | 9,064 | 10,576 | 10,677 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-24 | 930 | 269 | 706 | 1,211 | 869 | 1,289 | 90 | 447 | 851 | 115 | 1,430 | |
-332 | -504 | -469 | -677 | -144 | -480 | -252 | -160 | -227 | -462 | -31 | -883 | |
183 | -417 | 168 | -2 | -944 | -288 | -1,213 | 97 | -247 | -278 | -199 | -521 | |
Net Cash Flow | -173 | 10 | -32 | 26 | 123 | 101 | -175 | 27 | -28 | 111 | -114 | 26 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
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 | 50 | 50 | 56 | 52 | 43 | 50 | 46 | 45 | 43 | 46 | 63 | 51 |
Inventory Days | 352 | 204 | 269 | 292 | 192 | 240 | 208 | 244 | 269 | 274 | 317 | 233 |
Days Payable | 18 | 13 | 8 | 15 | 15 | 19 | 23 | 28 | 26 | 32 | 30 | 29 |
Cash Conversion Cycle | 384 | 241 | 316 | 329 | 220 | 271 | 231 | 261 | 286 | 288 | 350 | 255 |
Working Capital Days | 215 | 150 | 170 | 152 | 94 | 126 | 114 | 158 | 168 | 176 | 221 | 146 |
ROCE % | 17% | 7% | 12% | 18% | 10% | 16% | 15% | 11% | 14% | 9% | 7% | 25% |
Documents
Announcements
- LINK FOR AUDIO RECORDING OF CONFERENCE CALL OF VARDHMAN TEXTILES LIMITED - 3QFY23 FINANCIAL RESULTS 9h
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Announcement under Regulation 30 (LODR)-Newspaper Publication
1d - Copy of newspaper publication of Financial Results for the Quarter/ Nine-months ended 31st December, 2022 published in 'Desh Sewak' and 'Business Standard' on 26th January, …
- Production And Sales Data Of The Company For The Quarter Ended 31St December, 2022 25 Jan
- Results-Financial Results For The Quarter & Nine Months Ended 31.12.2022 25 Jan
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
24 Jan - B&K Securities is organizing Conference Call of Vardhman Textiles Limited, to discuss the 3Q & 9MFY23 results on Friday, 27th January, 2023 at 04:30 p.m. …
Annual reports
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Financial Year 2022
from bse
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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 2012
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Financial Year 2011
from bse
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Financial Year 2010
from bse
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Financial Year 2010
from nse
Concalls
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Nov 2022TranscriptPPT
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Jul 2022TranscriptPPT
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May 2022TranscriptPPT
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Jun 2021TranscriptPPT
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Oct 2020TranscriptPPT
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Nov 2019TranscriptPPT
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Feb 2019TranscriptPPT
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Nov 2018TranscriptPPT
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May 2017TranscriptPPT
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May 2016TranscriptPPT
Products
Yarn: They have Specialty Yarns, Dyed Yarns, Acrylic, Fancy & Hand Knitting Yarns, and Grey Yarns. [1]
Fabrics: engaged in the production of fabrics for both tops and bottoms in the apparel segment catering to a large number of retailers in the USA, Europe, and Asia amongst others