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Vardhman Textiles Ltd share Price

Company details

6M Return 23.95%
1Y Return 11.72%
Mkt Cap.(Cr) 10,835.15
Volume 130,748
Div Yield 0.93%
OI Chg %
Volume 130,748

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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. We expect the D/E ratio to stay at ~0.3x in FY24E
Q4FY22 result

    Vardhman Textiles reported a decline in earnings on a QoQ basis owing to a decline in gross and EBITDA margins.

    • Revenues grew 4% QoQ to ₹ 2707 crore
    • Gross margin declined 403 bps to 48.4%. EBITDA margins declined 535 bps QoQ to 18.4%. Absolute EBITDA was down 19% at ₹ 499 crore
    • Consequently, PAT de-grew 25% QoQ to ₹ 322 crore

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


Operating Profit
Profit after Tax
Reserves and Surplus
Operating Profit
Profit after Tax

Vardhman Textiles Ltd Stocks COMPARISION


Equity Capital: 8,563.39 Cr FV: 2.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 15,612.36 -19,132.24
LAST 3M 53,075.98 -4,241.70
LAST 6M 58,662.39 138,824.89
LAST 12M 133,944.68 162,473.45
Vardhman Textiles allots 32,250 equity shares under ESOP

Oct 04, 2023 l BSE Announcement

Vardhman Textiles Limited - Allotment of Securities

Oct 04, 2023 l NSE Announcement

Vardhman Textiles Limited - Trading Window

Sep 29, 2023 l NSE Announcement

Date Action Type Ratio
Sep 15, 2023 Dividend 175
Mar 24, 2022 Split 1:5
Nov 02, 2021 Dividend 340

Vardhman Textiles Ltd Information

Stock PE (TTM)
Promoter Holding
Book Value
  • 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) :
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 Oct 04, 2023 03:50 PM the closing price of Vardhman Textiles Ltd was ₹ 374.75.

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 Oct 04, 2023 03:50 PM, the market cap of Vardhman Textiles Ltd stood at ₹ 10,835.15.

The latest PE ratio of Vardhman Textiles Ltd as of Oct 04, 2023 03:50 PM is 17.97

The latest PB ratio of Vardhman Textiles Ltd as of Oct 04, 2023 03:50 PM is 0.79

The 52-week high of Vardhman Textiles Ltd is ₹ 418.95 while the 52-week low is ₹ 270.00

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

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