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Company details

52.45
54.35
41.10
84.20
6M Return 2.07%
1Y Return 26.34%
Mkt Cap.(Cr) 435.57
Volume 178,162
Div Yield 46.12%
OI
-
OI Chg %
-
Volume 178,162

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EMA SMA

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Financials

  • Profit and loss statement

  • Balance sheet

  • Quarterly Result

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Sales(Cr.)

Operating Profit(Cr.)

Profit after Tax(Cr.)

Equity

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Debt

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Operating Profit

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PE

Debt/Equity

P BV

INSIDER & INSTITUIONAL ACTIVITY

Equity Capital: 398.37 Cr FV: 10.00
Period MF Net Purchase / (sold) FII Net
LAST 1M 30,916.98 -48,103.23
LAST 3M 78,536.21 -48,038.81
LAST 6M 142,324.16 -197,260.78
LAST 12M 202,697.52 -165,959.31
  • Announcement
  • Corporate action
  • No Data Found

Date Action Type Ratio
Oct 28, 2021 Dividend 250

Information

  • About Company
  • Company Info
  • Listing Info
29.94
74.97%
26.4191
13.91%
13.43%
Description
  • Vardhman Acrylics Ltd is an India-based company. The company is engaged in the business of manufacturing of acrylic fiber and tow. They have set up 18,000 TPA acrylic staple fiber and tow production plant at Jhagadia, Bharuch in the state of Gujarat. Their products are marketed under the brand name VARLAN. The company`s products include circular knit, flat knit, woven, tufting, and pile fabric. The company`s products are used in hosiery, weaving, home furnishing, industrial, and other applications. The company operates as a subsidiary of Vardhman Textiles Ltd. Vardhman Spinning and General Mills Ltd (VSGML), a company belonging to the Vardhman Group and UP State Industrial Development Corporation Ltd (UPSIDC) mutually agreed to form a public limited company for manufacturing Acrylic Fibre. Accordingly, Vardhman Acrylics Ltd was incorporated on December 24, 1990 as a public limited company. UPSIDC, at the time of the agreement, was holding a letter of intent from the Government of India for establishing a plant to manufacture Acrylic Fibre in the state of Uttar Pradesh. However, the actual implementation and setting up of the project was deferred since a revised feasibility study did not find the project viable at that time. Subsequently, UPSIDC terminated the collaboration agreement with VSGML and accordingly the shares held by UPSIDC were transferred to VSGML. In September 1995, Mahavir Spinning Mills Ltd, another company belonging to the Vardhman Group incorporated a company named Vardhman Fibres Ltd to set up a project for the manufacture of Acrylic Fibre in Bharuch, Gujarat. In September 29, 1995, Vardhman Fibres Ltd entered into Technology supply Contract with Kawasaki Heavy Industries Ltd, Japan for transfer of technology of Japan Exlan Company Ltd. Vardhman Fibres Ltd also entered into Equipment Supply Contract with Marubeni Corporation, Japan for supply of proprietary and special plant and equipment. The Vardhman Group decided to implement the Acrylic Fibre project in Vardhman Acrylics Ltd. Accordingly, the registered office of the company was transferred from UP to Punjab and all contracts originally signed by Vardhman Fibres Ltd with Marubeni Corp. and Kawasaki Heavy Engg. Industries Ltd were re-assigned to the company. Thus the company became a subsidiary of Mahavir Spinning Mills Ltd. In the year 1996, Mahavir Spinning Mills Ltd entered into a joint venture agreement with Marubeni Corporation, Japan and Japan Exlan Company Ltd, Japan for setting up an Acrylic Fibre Project for manufacture of 16,500 TPA Acrylic Staple Fibre and Tow at Jhagadia, Bharuch, Gujarat. The work on the project was kicked off in August 1996. In March 16, 1999, the company commenced commercial production. During the year 2003-04, Vardhman Textiles Ltd (formerly Mahavir Spinning Mills Ltd), disinvested 27,568,527 shares of Rs 10 held in the company by way of offer for sale to public through 100% book building process. As a result of disinvestment, the share holding of Vardhman Textiles Ltd in the company reduced from 62.19% to 36.79% and consequently the company ceased to be the subsidiary of Vardhman Textile Ltd with effect from September 26, 2003. During the year 2006-07, the company increased the production capacity of Acrylic Fibre & Tow from 16,500 MT to 18,000 MT. During the year 2007-08, Vardhman Textiles Ltd entered into a `Disengagement Agreement` with their foreign collaborators namely, Marubeni Corporation, Japan and Japan Ellan Company Ltd, Japan. Consequently, all the shares of the company held by Marubeni and Exlan transferred to Vardhman Textiles Ltd. As a result, the joint venture agreement among Vardhman Textiles Ltd, Marubeni and Exlan were terminated and the company became a subsidiary of Vardhman Textiles Ltd. During the year 2009-10, the company increased the production capacity of Acrylic Fibre & Tow from 18,000 MT to 20,000 MT.

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Registered Address

Vardhman Premises, Chandigarh Road, Ludhiana, Punjab, 141010

Tel : 91-0161-2228943-48
Email : secretarial.lud:vardhman.com
Website : http://www.vardhman.com

Registrar

MCS Share Transfer Agent Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 531106
NSE Code : VARDHACRLC
Book Closure Date (Month) : Sep
BSE Group :
ISIN : INE116G01013

ICICIdirect Vardhman Acrylics Ltd FAQ

You can buy Vardhman Acrylics Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Vardhman Acrylics Ltd Share.
Company share prices and volatile and keep changing according to the market conditions. As of May 17, 2022 03:55 PM the closing price of Vardhman Acrylics Ltd was ₹ 54.20.
Market capitalization or market cap is determined by multiplying the current market price of a company’s shares with the total number of shares outstanding. As of May 17, 2022 03:55 PM, the market cap of Vardhman Acrylics Ltd stood at ₹ 435.57.
The latest PE ratio of Vardhman Acrylics Ltd as of May 17, 2022 03:55 PM is 29.94
The latest PB ratio of Vardhman Acrylics Ltd as of May 17, 2022 03:55 PM is 0.49
The 52-week high of Vardhman Acrylics Ltd is ₹ 84.20 while the 52-week low is ₹ 41.10 .

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