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Vardhman Textiles Ltd share Price Today

Company details

450.55
457.95
318.60
475.50
6M Return 9.50%
1Y Return 40.35%
Mkt Cap.(Cr) 13,182.04
Volume 46,610
Div Yield 0.86%
OI
-
OI Chg %
-
Volume 46,610

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About The Stock

    Vardhman Textiles (VTL) (earlier known as Mahavir Spinning) is part of the Vardhman Group, a large textile conglomerate with a presence across the textile value chain.

    • Vardhman is among few textile companies that have been able to maintain a debt equity ratio below one despite continuous capacity addition
    • Healthy cash flows have enabled VTL to maintain reasonable debt levels
Q3FY23 Results:

    Vardhman Textiles reported a disappointing performance with decline in revenues and multi-year low EBITDA margin at 7.5%, which is significantly lower than long term average range of 18-22%.

    • Sales declined 9% YoY to ₹ 2371 crore (QoQ decline of 4%)
    • Gross margin (on a high base) fell 1537 bps YoY to 37% (QoQ decline of 635 bps). EBITDA margin fell 1630 bps YoY to 7.5% (QoQ decline of 700 bps). Hence, PAT de-grew 76% YoY to ₹ 102 crore (QoQ increase of 50%)

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Vardhman Textiles Ltd shares SWOT Analysis

Strengths (7)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Growth in Net Profit with increasing Profit Margin (QoQ)
  • Company with Low Debt

Weakness (8)

  • MFs decreased their shareholding last quarter
  • Inefficient use of capital to generate profits - RoCE declining in the last 2 years
  • Inefficient use of shareholder funds - ROE declining in the last 2 years

Opportunity (1)

  • RSI indicating price strength

Threats (0)

Data not found

Resistance and support

R1 463.7
R2 469.4
R3 475.2
Pivot

457.85

S1 452.2
S2 446.4
S3 440.7
EMA SMA
449.1
444.7
432.7
411.2
446.1
446.0
432.2
406.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
ISHARES CORE MSCI EMERGING MARKETS ETF Block Purchase 2022-10-11 349.15 445495 BSE
ISHARES MSCI INDIA SMALL-CAP ETF Block Purchase 2022-10-11 349.15 59938 BSE
ISHARES CORE EMERGING MARKETS MAURITIUS CO Block Sell 2022-10-11 349.15 445495 BSE
Name Category Shares
SHRI PAUL OSWAL PROMOTER 1.03%
VARDHMAN HOLDINGS LIMITED PROMOTER 28.76%
ADISHWAR ENTERPRISES LLP PROMOTER 17.84%
DEVAKAR INVESTMENT & TRADING COMPANY PRIVATE LIMITED PROMOTER 10.96%
VTL INVESTMENTS LIMITED PROMOTER 1.61%
FLAMINGO FINANCE & INVESTMENT COMPANY LIMITED PROMOTER 0.92%
SANTON FINANCE & INVESTMENT COMPANY LIMITED PROMOTER 0.79%
RAMANIYA FINANCE & INVESTMENT COMPANY LIMITED PROMOTER 0.73%

OUR RESEARCH VIEW

Investment recommendation
Call Date
31 Jan 2023
Entry Price 298.00
Target Price 345.00
Duration
12-18 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Vardhman Textiles Ltd Stocks COMPARISON

Financials( in Cr) Vardhman Textiles Ltd Grasim Industries Ltd Trident Ltd Raymond Ltd Welspun Living Ltd
Price 455.85 2,455.10 37.15 2,196.55 140.55
% Change -0.48 0.60 -0.40 0.54 -1.30
Mcap Cr 13,182.04 167,081.83 18,931.48 14,623.31 13,658.76
Revenue TTM Cr 10,137.49 117,627.08 6,332.26 8,214.72 8,093.76
Net Profit TTM Cr 804.75 11,078.20 441.61 536.96 202.51
PE TTM 20.93 26.62 54.07 8.68 20.36
1 Year Return 40.35 43.87 14.66 39.15 55.05
ROCE 11.62 9.04 11.89 21.11 5.91
ROE 9.89 14.35 10.99 23.24 5.03
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 8,563.39 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 39,096.78 -22,281.88
LAST 3M 109,317.46 -33,313.91
LAST 6M 173,877.04 36,325.60
LAST 12M 271,641.54 124,224.97

Vardhman Textiles Ltd Information

Stock PE (TTM)
20.93
Promoter Holding
64.13%
Book Value
314.7254
ROCE
11.62%
ROE
9.89%
Description
  • Vardhman Textiles Ltd. is an Indian-based company engaged in manufacturing and trading yarn and processed fabric, acrylic fibre, alloy steel, and sewing thread. It was incorporated in 1965 with its headquarters in Ludhiana. For the quarter ended June 2022, the company recorded a total revenue of Rs 2,831.79 crore, up 2.77% from the previous quarter ended March 2022. On 12 August 2022, the company’s market capitalisation stood at Rs 8,991 crore.  

    The company is listed on the Bombay Stock Exchange with the code 502986, and on the National Stock Exchange with the code VTL.  

    Vardhman Textiles Ltd. is the largest manufacturer of hand knitting yarn in India. It is also the leading manufacturer and exporter of cotton yarn. With 18 state-of-the-art manufacturing facilities, it has a global presence in more than 75 countries like the USA, Japan, China, Mexico, Mauritius, the Middle East, Brazil, and Canada. During FY 2021-2022, the company generated a profit of Rs 1,546.89 crore after tax. It was up 277.37% from the previous financial year, 2020-2021. 

    On 30 June 2022, the company’s shareholding pattern indicated a 62.91% promoter stake, 7.51% foreign institutional investor stake, 16.56% domestic institutional investor stake, and 13.01% public stake. Vardhman Holdings Ltd. was the leading promoter with a 27.51% share. The promoters’ holdings decreased from 62.93% to 62.91%, while mutual funds increased holdings from 15.24% to 15.45% in the June quarter.  

    Mr Shri Paul Oswal is the company’s chairman and managing director. The other directors include Mr Neeraj Jain, Ms Suchita Jain, Mr Sachit Jain, MrParampal Singh, Mr Subhash Khanchand Bijlani, Mr Prafull Anubhai, Ms Harpreet Kaur Kang, Mr Rajiv Thapar, and Mr Sanjay Gupta. The auditors are Deloitte Haskins & Sells LLP. As of 30 June 2022, the company had a total of 28.89 crore shares outstanding.  

    On 12 August 2022, Vardhman Textiles Ltd.’s share price closed at Rs 312 on BSE. The company’s share price closed at Rs 311.05 on NSE. The 52-week high for Vardhman Textiles Ltd.’s share price was Rs 576, and the 52-week low for the company’s share price was Rs 245.50.  

    As of July 2022, SBI Magnum Low Duration Fund has a 1.17% stake in Vardhman Textiles Ltd. ICICI Prudential S&P BSE 500 ETF has a 0.03% stake. 

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

No Data Found

AGM Date (Month) : Sep
Face Value Equity Shares : 2
Market Lot Equity Shares : 1
BSE Code : 502986
NSE Code : VTL
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE825A01020

FAQ’s on Vardhman Textiles Ltd Shares

You can buy Vardhman Textiles Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Vardhman Textiles Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of May 29, 2024 01:04 PM the closing price of Vardhman Textiles Ltd was Rs.455.85.

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 29, 2024 01:04 PM, the market cap of Vardhman Textiles Ltd stood at Rs. 13,182.04.

The latest PE ratio of Vardhman Textiles Ltd as of May 29, 2024 01:04 PM is 20.93

The latest PB ratio of Vardhman Textiles Ltd as of May 29, 2024 01:04 PM is 0.69

The 52-week high of Vardhman Textiles Ltd share price is Rs. 475.50 while the 52-week low is Rs. 318.60

According to analyst recommendations, Vardhman Textiles Ltd Share has a "Buy" rating for the long term.

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