Vardhman Textiles Ltd

Vardhman Textiles Ltd

₹ 435 0.36%
23 Feb 4:01 p.m.
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]

  • Market Cap 12,568 Cr.
  • Current Price 435
  • High / Low 456 / 270
  • Stock P/E 21.3
  • Book Value 306
  • Dividend Yield 0.80 %
  • ROCE 11.5 %
  • ROE 9.74 %
  • Face Value 2.00

Pros

  • Company has reduced debt.
  • Company has been maintaining a healthy dividend payout of 33.0%
  • Company's working capital requirements have reduced from 168 days to 129 days

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.
  • Earnings include an other income of Rs.371 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.

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
1,750 1,947 1,927 2,385 2,603 2,707 2,812 2,470 2,370 2,486 2,318 2,397 2,330
1,473 1,553 1,448 1,709 1,984 2,208 2,286 2,112 2,192 2,224 2,103 2,192 2,085
Operating Profit 277 394 479 676 619 499 526 358 179 262 215 205 244
OPM % 16% 20% 25% 28% 24% 18% 19% 14% 8% 11% 9% 9% 10%
66 58 54 77 73 60 32 41 77 83 103 98 86
Interest 23 28 26 24 21 29 26 25 21 30 32 22 19
Depreciation 92 92 91 92 92 92 93 99 99 104 105 104 99
Profit before tax 228 332 416 638 579 438 438 275 136 211 182 178 212
Tax % 23% 23% 24% 24% 25% 27% 24% 25% 23% 24% 25% 23% 23%
175 255 317 482 432 321 333 207 105 160 137 136 162
EPS in Rs 5.93 8.61 10.92 16.70 14.86 11.15 11.39 7.09 3.54 5.49 4.72 4.64 5.54
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 TTM
4,614 4,939 6,128 6,741 5,848 6,030 6,248 6,878 6,735 6,140 9,622 10,137 9,531
3,998 3,964 4,668 5,623 4,672 4,831 5,345 5,684 5,798 5,326 7,348 8,814 8,604
Operating Profit 616 975 1,460 1,118 1,176 1,199 903 1,194 937 814 2,274 1,324 927
OPM % 13% 20% 24% 17% 20% 20% 14% 17% 14% 13% 24% 13% 10%
66 51 74 161 158 591 215 239 187 222 264 232 371
Interest 174 177 151 125 89 129 118 120 135 113 100 102 104
Depreciation 274 295 335 532 374 343 240 254 333 364 368 394 412
Profit before tax 235 553 1,048 622 872 1,318 760 1,059 655 559 2,071 1,060 782
Tax % 28% 30% 27% 28% 28% 25% 22% 30% 10% 24% 25% 24%
168 385 766 446 624 994 592 741 591 427 1,551 805 594
EPS in Rs 4.44 11.20 22.57 12.57 19.31 34.17 20.24 25.43 20.08 14.40 53.54 27.50 20.39
Dividend Payout % 20% 11% 10% 16% 15% 8% 15% 14% 0% 24% 62% 13%
Compounded Sales Growth
10 Years: 7%
5 Years: 10%
3 Years: 15%
TTM: -8%
Compounded Profit Growth
10 Years: 9%
5 Years: 10%
3 Years: 11%
TTM: -38%
Stock Price CAGR
10 Years: 20%
5 Years: 17%
3 Years: 25%
1 Year: 35%
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 Sep 2023
Equity Capital 63 63 63 63 61 55 56 56 57 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 8,778
2,757 3,174 3,373 2,640 2,630 2,238 2,321 2,278 2,221 2,132 1,983 1,678 1,515
1,004 1,109 1,360 1,363 883 990 971 1,149 1,087 1,022 1,293 1,094 1,113
Total Liabilities 5,968 6,789 7,865 7,378 7,513 7,502 8,246 9,018 9,356 9,622 10,980 11,335 11,463
2,578 2,704 3,154 2,875 2,627 2,591 2,631 3,201 3,628 3,529 3,494 3,937 3,826
CWIP 185 213 94 83 86 49 106 274 142 78 241 51 37
Investments 512 581 784 869 1,313 1,868 1,834 1,346 1,145 1,075 1,691 2,549 2,983
2,694 3,291 3,833 3,551 3,488 2,994 3,676 4,198 4,441 4,941 5,554 4,798 4,617
Total Assets 5,968 6,789 7,865 7,378 7,513 7,502 8,246 9,018 9,356 9,622 10,980 11,335 11,463

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 1,853
-652 -517 -780 -315 -451 -343 -167 -278 -379 -116 -899 -1,445
-355 165 -39 -975 -365 -1,180 92 -252 -296 -174 -571 -399
Net Cash Flow 13 -19 16 122 99 -173 28 -30 175 -122 -26 9

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 93 127 111 154 163 170 215 161 129
ROCE % 7% 13% 18% 11% 14% 15% 11% 14% 10% 8% 23% 11%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
63.27% 63.21% 63.17% 63.15% 62.93% 62.91% 63.75% 63.85% 63.85% 64.07% 64.11% 64.13%
4.26% 4.41% 4.91% 6.30% 8.26% 7.51% 6.99% 7.07% 6.85% 6.65% 6.95% 6.37%
21.56% 21.29% 20.68% 18.84% 16.52% 16.56% 16.71% 16.85% 17.01% 16.95% 16.70% 16.84%
0.00% 0.00% 0.00% 0.00% 0.34% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
10.91% 11.10% 11.24% 11.71% 11.95% 13.01% 12.51% 12.21% 12.30% 12.32% 12.25% 12.65%
No. of Shareholders 20,94932,49545,07257,31174,44985,45381,99976,00274,07768,70866,67667,848

* 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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