Vardhman Textiles Ltd

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

Vardhman Textiles Ltd

₹ 322 -0.89%
30 May - close price
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

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

Website BSE NSE
  • Market Cap ₹ 9,320 Cr.
  • Current Price ₹ 322
  • High / Low ₹ 377 / 246
  • Stock P/E 11.7
  • Book Value ₹ 296
  • Dividend Yield 2.11 %
  • ROCE 11.7 %
  • ROE 9.78 %
  • Face Value ₹ 2.00
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Pros

  • Stock is trading at 1.09 times its book value

Cons

  • The company has delivered a poor sales growth of 10.2% over past five years.
  • Company has a low return on equity of 12.8% 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
1,596 817 1,625 1,750 1,947 1,927 2,385 2,603 2,707 2,812 2,470 2,370 2,486
1,371 824 1,481 1,473 1,553 1,448 1,709 1,984 2,208 2,286 2,112 2,192 2,224
Operating Profit 225 -6 145 277 394 479 676 619 499 526 358 179 262
OPM % 14% -1% 9% 16% 20% 25% 28% 24% 18% 19% 14% 8% 11%
46 43 59 66 58 54 77 73 60 32 41 77 83
Interest 35 34 28 23 28 26 24 21 29 26 25 21 30
Depreciation 88 89 91 92 92 91 92 92 92 93 99 99 104
Profit before tax 148 -86 84 228 332 416 638 579 438 438 275 136 211
Tax % -1% 25% 27% 23% 23% 24% 24% 25% 27% 24% 25% 23% 24%
Net Profit 149 -64 62 175 255 317 482 432 321 333 207 105 160
EPS in Rs 5.07 -2.24 2.09 5.93 8.61 10.92 16.70 14.86 11.15 11.39 7.09 3.54 5.49
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
4,614 4,939 6,128 6,741 5,848 6,030 6,248 6,878 6,735 6,140 9,622 10,137
3,998 3,964 4,668 5,623 4,672 4,831 5,345 5,684 5,798 5,326 7,348 8,814
Operating Profit 616 975 1,460 1,118 1,176 1,199 903 1,194 937 814 2,274 1,324
OPM % 13% 20% 24% 17% 20% 20% 14% 17% 14% 13% 24% 13%
66 51 74 161 158 591 215 239 187 222 264 232
Interest 174 177 151 125 89 129 118 120 135 113 100 102
Depreciation 274 295 335 532 374 343 240 254 333 364 368 394
Profit before tax 235 553 1,048 622 872 1,318 760 1,059 655 559 2,071 1,060
Tax % 28% 30% 27% 28% 28% 25% 22% 30% 10% 24% 25% 24%
Net Profit 168 385 766 446 624 994 592 741 591 427 1,551 805
EPS in Rs 4.44 11.20 22.57 12.57 19.31 34.17 20.24 25.43 20.08 14.40 53.55 27.50
Dividend Payout % 20% 11% 10% 16% 15% 8% 15% 14% -0% 24% 12% 13%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 15%
TTM: 5%
Compounded Profit Growth
10 Years: 9%
5 Years: 10%
3 Years: 11%
TTM: -48%
Stock Price CAGR
10 Years: 20%
5 Years: 5%
3 Years: 35%
1 Year: 8%
Return on Equity
10 Years: 13%
5 Years: 12%
3 Years: 13%
Last Year: 10%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
63 63 63 63 61 55 56 56 57 57 57 57
Reserves 2,144 2,444 3,070 3,313 3,939 4,218 4,897 5,535 5,991 6,412 7,647 8,507
2,757 3,174 3,373 2,640 2,630 2,238 2,321 2,278 2,221 2,132 1,983 1,678
1,004 1,109 1,360 1,363 883 990 971 1,149 1,087 1,022 1,293 1,091
Total Liabilities 5,968 6,789 7,865 7,378 7,513 7,502 8,246 9,018 9,356 9,622 10,980 11,333
2,578 2,704 3,154 2,875 2,627 2,591 2,631 3,201 3,628 3,529 3,494 3,937
CWIP 185 213 94 83 86 49 106 274 142 78 241 51
Investments 512 581 784 869 1,313 1,868 1,834 1,346 1,145 1,075 1,691 2,549
2,694 3,291 3,833 3,551 3,488 2,994 3,676 4,198 4,441 4,941 5,554 4,795
Total Assets 5,968 6,789 7,865 7,378 7,513 7,502 8,246 9,018 9,356 9,622 10,980 11,333

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
1,020 333 834 1,412 915 1,350 103 499 849 168 1,445
-652 -517 -780 -315 -451 -343 -167 -278 -379 -116 -899
-355 165 -39 -975 -365 -1,180 92 -252 -296 -174 -571
Net Cash Flow 13 -19 16 122 99 -173 28 -30 175 -122 -26

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 55 52 44 49 44 44 43 44 62 50 43
Inventory Days 212 281 296 200 249 218 242 265 276 314 231 147
Days Payable 16 13 22 23 23 31 31 32 37 34 32 22
Cash Conversion Cycle 245 323 326 221 274 232 255 276 283 342 249 168
Working Capital Days 149 166 149 93 127 111 154 163 170 215 143 170
ROCE % 8% 13% 19% 11% 15% 15% 11% 14% 10% 8% 24% 12%

Shareholding Pattern

Numbers in percentages

Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023
62.20 62.24 62.83 63.27 63.21 63.17 63.15 62.93 62.91 63.75 63.85 63.85
6.92 6.09 5.28 4.26 4.41 4.91 6.30 8.26 7.51 6.99 7.07 6.85
20.90 22.11 21.59 21.56 21.29 20.68 18.84 16.52 16.56 16.71 16.85 17.01
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.34 0.00 0.00 0.00 0.00
9.97 9.56 10.29 10.91 11.10 11.24 11.71 11.95 13.01 12.51 12.21 12.30

* 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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