Vardhman Textiles Ltd
Vardhman Textiles is engaged in the business of manufacturing of cotton yarn,synthetic yarn and woven fabric.
- Market Cap ₹ 6,098 Cr.
- Current Price ₹ 1,059
- High / Low ₹ 1,165 / 593
- Stock P/E 19.0
- Book Value ₹ 1,050
- Dividend Yield 0.00 %
- ROCE 8.79 %
- ROE 9.07 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Stock is trading at 1.01 times its book value
Cons
- The company has delivered a poor sales growth of -0.02% over past five years.
- Tax rate seems low
- Company has a low return on equity of 10.72% for last 3 years.
- Earnings include an other income of Rs.214.04 Cr.
- Dividend payout has been low at 9.36% of profits over last 3 years
Peer comparison
Sector: Textiles Industry: Textiles - Cotton/Blended
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Jun 2018 | Sep 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sep 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sep 2020 | Dec 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,510 | 1,700 | 1,685 | 1,729 | 1,763 | 1,650 | 1,664 | 1,825 | 1,596 | 817 | 1,625 | 1,750 | |
1,250 | 1,408 | 1,354 | 1,422 | 1,500 | 1,400 | 1,414 | 1,613 | 1,371 | 824 | 1,481 | 1,473 | |
Operating Profit | 259 | 292 | 331 | 307 | 263 | 251 | 250 | 212 | 225 | -6 | 145 | 277 |
OPM % | 17% | 17% | 20% | 18% | 15% | 15% | 15% | 12% | 14% | -1% | 9% | 16% |
Other Income | 66 | 32 | 47 | 65 | 95 | 35 | 32 | 74 | 46 | 43 | 59 | 66 |
Interest | 35 | 34 | 29 | 27 | 30 | 37 | 34 | 29 | 35 | 34 | 28 | 23 |
Depreciation | 63 | 62 | 62 | 63 | 67 | 76 | 83 | 86 | 88 | 89 | 91 | 92 |
Profit before tax | 228 | 229 | 286 | 282 | 261 | 173 | 165 | 170 | 148 | -86 | 84 | 228 |
Tax % | 27% | 29% | 30% | 31% | 30% | 30% | 28% | -19% | -1% | 25% | 27% | 23% |
Net Profit | 164 | 159 | 196 | 196 | 179 | 116 | 117 | 199 | 146 | -64 | 60 | 171 |
EPS in Rs | 28.50 | 27.70 | 34.19 | 34.08 | 31.21 | 20.19 | 20.27 | 34.64 | 25.33 | -11.18 | 10.47 | 29.65 |
Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes | Notes |
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,946 | 3,327 | 4,386 | 4,614 | 4,939 | 6,128 | 6,741 | 5,848 | 6,030 | 6,248 | 6,878 | 6,735 | 5,789 | |
2,494 | 2,622 | 3,293 | 3,998 | 3,964 | 4,668 | 5,623 | 4,672 | 4,831 | 5,345 | 5,684 | 5,798 | 5,149 | |
Operating Profit | 452 | 705 | 1,093 | 616 | 975 | 1,460 | 1,118 | 1,176 | 1,199 | 903 | 1,194 | 937 | 640 |
OPM % | 15% | 21% | 25% | 13% | 20% | 24% | 17% | 20% | 20% | 14% | 17% | 14% | 11% |
Other Income | 191 | 81 | 63 | 66 | 51 | 74 | 161 | 158 | 591 | 215 | 239 | 187 | 214 |
Interest | 129 | 118 | 137 | 174 | 177 | 151 | 125 | 89 | 129 | 118 | 120 | 135 | 120 |
Depreciation | 243 | 257 | 265 | 274 | 295 | 335 | 532 | 374 | 343 | 240 | 254 | 333 | 360 |
Profit before tax | 271 | 411 | 755 | 235 | 553 | 1,048 | 622 | 872 | 1,318 | 760 | 1,059 | 655 | 374 |
Tax % | 29% | 26% | 25% | 28% | 30% | 27% | 28% | 28% | 25% | 22% | 30% | 10% | |
Net Profit | 171 | 261 | 525 | 141 | 356 | 718 | 400 | 615 | 981 | 581 | 731 | 578 | 312 |
EPS in Rs | 82.46 | 22.19 | 55.95 | 112.77 | 62.83 | 96.48 | 170.88 | 101.19 | 127.13 | 100.41 | 54.27 | ||
Dividend Payout % | 11% | 9% | 7% | 20% | 11% | 10% | 16% | 15% | 8% | 15% | 14% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 7% |
5 Years: | -0% |
3 Years: | 4% |
TTM: | -16% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 5% |
3 Years: | -7% |
TTM: | -49% |
Stock Price CAGR | |
---|---|
10 Years: | 15% |
5 Years: | 6% |
3 Years: | -7% |
1 Year: | 2% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 13% |
3 Years: | 11% |
Last Year: | 9% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Sep 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
57 | 57 | 63 | 63 | 63 | 63 | 63 | 61 | 55 | 56 | 56 | 57 | 57 | |
Reserves | 1,327 | 1,548 | 2,202 | 2,144 | 2,444 | 3,070 | 3,313 | 3,939 | 4,218 | 4,897 | 5,534 | 5,991 | 5,989 |
Borrowings | 2,533 | 2,643 | 2,944 | 2,757 | 3,174 | 3,373 | 2,640 | 2,630 | 2,238 | 2,321 | 2,278 | 2,221 | 1,593 |
1,076 | 830 | 918 | 1,004 | 1,109 | 1,360 | 1,363 | 883 | 990 | 971 | 1,150 | 1,087 | 1,158 | |
Total Liabilities | 4,992 | 5,077 | 6,126 | 5,968 | 6,789 | 7,865 | 7,378 | 7,513 | 7,502 | 8,246 | 9,018 | 9,356 | 8,797 |
2,566 | 2,556 | 2,537 | 2,578 | 2,704 | 3,154 | 2,875 | 2,627 | 2,591 | 2,631 | 3,201 | 3,628 | 3,604 | |
CWIP | 69 | 45 | 125 | 185 | 213 | 94 | 83 | 86 | 49 | 106 | 274 | 142 | 80 |
Investments | 140 | 92 | 233 | 512 | 581 | 784 | 869 | 1,313 | 1,868 | 1,834 | 1,346 | 1,145 | 1,441 |
2,216 | 2,383 | 3,231 | 2,694 | 3,291 | 3,833 | 3,551 | 3,488 | 2,994 | 3,676 | 4,198 | 4,441 | 3,672 | |
Total Assets | 4,992 | 5,077 | 6,126 | 5,968 | 6,789 | 7,865 | 7,378 | 7,513 | 7,502 | 8,246 | 9,018 | 9,356 | 8,797 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
565 | 11 | 31 | 1,020 | 333 | 834 | 1,412 | 915 | 1,350 | 103 | 499 | 849 | |
-278 | -132 | -456 | -652 | -517 | -780 | -315 | -451 | -343 | -167 | -278 | -379 | |
14 | 10 | 234 | -355 | 165 | -39 | -975 | -365 | -1,180 | 92 | -252 | -296 | |
Net Cash Flow | 301 | -111 | -192 | 13 | -19 | 16 | 122 | 99 | -173 | 28 | -30 | 175 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
ROCE % | 10% | 13% | 19% | 8% | 13% | 19% | 11% | 15% | 15% | 11% | 14% | 9% |
Debtor Days | 43 | 52 | 56 | 50 | 55 | 52 | 44 | 49 | 44 | 44 | 43 | 44 |
Inventory Turnover | 2.13 | 1.89 | 1.50 | 1.79 | 1.73 | 1.69 | 2.05 | 1.81 | 1.92 | 2.01 | 1.77 | 1.63 |
Documents
Add documentRecent announcements
- Announcement under Regulation 30 (LODR)-Newspaper Publication 22 Jan
- Shareholding for the Period Ended December 31, 2020 21 Jan
- Announcement Under Regulation 30 - Production And Sales Data 21 Jan
- Results - Un-Audited Financial Results For The Quarter/ Nine-Months Ended 31 December, 2020. 21 Jan
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 20 Jan
View all
Annual reports
- Financial Year 2020 from bse
- Financial Year 2019 from bse
- Financial Year 2018 from bse
- Financial Year 2017 from bse
- Financial Year 2016 from bse
- Financial Year 2015 from bse
- Financial Year 2014 from bse
- Financial Year 2013 from bse
- Financial Year 2012 from bse
- Financial Year 2011 from bse
- Financial Year 2010 from bse
- Financial Year 2010 from nse