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Website | http://www.vardhman.com | |
Market Cap | 10,036.46 Cr. | |
Enterprise Value(EV) | 11,691.55 Cr. | 2021-09 |
Financial Indicators | ||
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Earnings per share (EPS) | 50.81 | Trailing Twelve Months Ending 2021-12 |
Price-Earning Ratio (PE) | 6.87 | Trailing Twelve Months Ending 2021-12 |
Industry PE | 20.59 | Trailing Twelve Months Ending 2021-12 |
Book Value / Share | 265.09 | Trailing Twelve Months Ending 2021-12 |
Price to Book Value | 1.32 | Calculated using Price: 349.00 |
Dividend Yield | 0.20 | Period Ending 2021-03 |
No. of Shares Subscribed | 28.89 Cr. | 288,943,800 Shares |
FaceValue | 2 | |
Company Profile | ||
Vardhman Textiles, incorporated in 1973, is one of the pioneers in textile industry with operations in the segments of yarn, sewing thread, steel, and fabric. Formerly known as Mahavir Spinning Mills, it is a part of Vardhman Group managed by Paul Oswal. In 1975, Vardhman Textiles’s first plant was commissioned with 25,088 spindles in Hoshiarpur, Punjab. In 1977-78, the company set up a 25,000-spindle textile mill at Malerkotla in Sanazur, Punjab. In 1992-93, a 100% Export Oriented Unit (EOU) was commissioned by Vardhman Textiles’s at Mandideep. Both the Malerkotla mill and EOU unit was awarded the ISO 9002/BIS 14002 by Bureau of Indian Standards (BIS). In March 1995, its gassed and mercerized dyed yarn project at Hoshiarpur commenced production.In order to set up 100% EOU located at Baddi, Himachal Pradesh, the company formed joint venture with Marubeni Corporation and Toho Rayon of Japan. For this company established Vardhman Acrylics and started commercial production in September 1996. In 1998-99 company set up its 3rd 100% EOU at Mandideep with an installed production capacity of 25000 spindles. Company set up unit-II at Ludhiana in order to expand its sewing thread capacity. This unit had an installed capacity of 5 TPD. Company entered an agreement with Amercian & Effird Inc., USA to manufacture superior sewing thread. Much later in 2004 the textile business of Vardhman Spinning and General Mills was merged with Vardhman Textiles. The company added new units of Looms and Rotors with a installed capacity of 264 Nos and 528 Nos respectively Companies like VMT Spinning Company (VMT), Vardhman Threads (VTL) and Vardhman Yarns & Threads and Vardhman Acrylics are the subsidiaries of Vardhman Textiles. Vardhman Textiles is promoted by Ludhiana based Vardhman Group, a major textile business house in India. Company has received ISO 9002/ ISO 14002 certification for its quality management. Vardhman Textiles, exports its products to more than 25 countries and has a strong presence in markets like the EEC, USA, Canada, China, Japan, Korea, Mexico, Brazil and Mauritius, Middle East. Vardhman Group (Parent Company)Vardhman Group was set up in the year 1965 at Ludhiana, Northern India. The group has business interest in area of Yarns, Fabrics, Sewing Threads, Fibre and Alloy Steel. Vardhman group is one of the largest spinning group of the country with a spindlage of over 5,50,000. The group has 12 production plants located in the states of Punjab, Himachal Pradesh and Madhya Pradesh. Currently the group has manufacturing capacity of approximately 25 metric tonne/per day of sewing thread in its plant at Hoshiarpur, Ludhiana, Baddi and Perundurai. Currently the group employs 20,000 people.Future ProspectsVardhman Textiles is undertaking Research and Development activities in order to develop of new products and for improvement in the production process and quality of products. PRODUCT Yarn: Under this segment, the company manufactures wide range of yarn such as Grey Cotton, Grey Acrylic, Crayons, Hank Dyed Acrylic, Vardhman Knitting, Gassed Mercerised Cotton and many more.Company’s annual manufacturing capacity of yarn is to 98,736 MT. Fabrics- Company manufactures fabric for shirting and bottom weights. It produces fabrics of various types viz. 100% Cotton, Polyester cotton, Chief Value Cotton and Cotton Stretch. Company’s fabric manufacturing capacity is 30 million meters per annum Sewing Threads- Company manufactures wide range of threads such as cotton, polyster, core spun (polyester cotton/ polyester polyester), trilobal embroidery thread, bonded nylon and lubricated nylon thread including specialized threads like button fusing, bead fusing and anti wicking, button shanking, indigo dyed and so on. Steel- Under this, company has an installed capacity of 1,00,000 Metric tonnes per annum. Awards The Company was awarded Golden trophy by Textile Export Promotion Council (Merchant Export Category for Fabrics) for the various export performance in the year 1993-94. Vardhman Textiles received the award of merit from the Government of India in the year 1994-95 and 1995-96. 2010-11 - Textile Export Promotion Council 2010-11 2011-12 - 2012-13 2013-14 Textiles Export Promotion Council (Texprocil) Awards 2013-14 Milestone 2011 1989 |
1 Day |
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+3.21% |
1 Week |
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+12.54% |
1 Month |
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-21.46% |
3 Month |
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-32.65% |
6 Month |
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-12.88% |
1 Year |
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+36.66% |
2 Year |
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+180.59% |
5 Year |
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+34.62% |
10 Year |
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+696.08% |
9 years | 2013-03 | 2014-03 | 2015-03 | 2016-03 | 2017-03 | 2018-03 | 2019-03 | 2020-03 | 2021-03 | |
Return on Equity (%) | 16.32 | 27.15 | 13.70 | 15.63 | 23.15 | 12.48 | 13.78 | 9.97 | 6.44 | |
Return on Capital Employed (%) | 13.71 | 20.09 | 11.93 | 15.01 | 21.45 | 12.48 | 15.35 | 9.65 | 7.72 | |
Return on Assets (%) | 3.63 | 6.58 | 5.15 | 7.13 | 12.75 | 7.30 | 8.40 | 6.30 | 4.23 |
Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2021-09* Rs. Cr. |
Shh. Funds | 2,506 | 3,132 | 3,375 | 4,000 | 4,273 | 4,954 | 5,591 | 6,048 | 6,474 | 7,176 | |
Non Curr. Liab. | 10,170 | 3,167 | 2,940 | 1,305 | 1,030 | 1,496 | 1,450 | 1,550 | 1,591 | 1,221 | |
Curr. Liab. | 1,555 | 1,969 | 1,896 | 2,106 | 2,086 | 1,686 | 1,862 | 1,636 | 1,429 | 1,515 | |
Minority Int. | 355 | 396 | 441 | 103 | 112 | 109 | 113 | 121 | 133 | 136 | |
Equity & Liab. | 14,588 | 8,664 | 8,653 | 7,513 | 7,501 | 8,244 | 9,016 | 9,354 | 9,627 | 10,048 | |
Non Curr. Assets | 11,027 | 4,536 | 4,892 | 3,969 | 3,663 | 3,698 | 4,335 | 4,471 | 4,425 | 4,872 | |
Curr. Assets | 3,560 | 4,127 | 3,761 | 3,544 | 3,838 | 4,546 | 4,681 | 4,883 | 5,202 | 5,176 | |
Misc. Exp. not W/O | |||||||||||
Total Assets | 14,588 | 8,664 | 8,653 | 7,513 | 7,501 | 8,244 | 9,016 | 9,354 | 9,627 | 10,048 |
Particulars | 10 years | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. | 2021-12 Rs. Cr. TTM |
Net Sales | 4,974 | 6,166 | 6,786 | 5,860 | 5,997 | 6,242 | 6,878 | 6,735 | 6,140 | 8,862 | |
Other Income | 49 | 99 | 166 | 147 | 554 | 197 | 223 | 174 | 202 | 223 | |
Total Income | 5,023 | 6,265 | 6,952 | 6,007 | 6,551 | 6,440 | 7,101 | 6,909 | 6,341 | 9,086 | |
Total Expenditure | -3,997 | -4,706 | -5,673 | -4,683 | -4,798 | -5,339 | -5,684 | -5,798 | -5,326 | -6,693 | |
PBIDT | 1,025 | 1,559 | 1,279 | 1,323 | 1,753 | 1,100 | 1,416 | 1,112 | 1,015 | 2,392 | |
Interest | -177 | -176 | -125 | -125 | -129 | -118 | -120 | -135 | -113 | -99 | |
Depreciation | -295 | -335 | -532 | -374 | -343 | -240 | -254 | -333 | -364 | -367 | |
Taxation | -168 | -282 | -177 | -247 | -324 | -167 | -318 | -65 | -136 | -484 | |
Exceptional Items | |||||||||||
PAT | 385 | 766 | 446 | 576 | 957 | 575 | 725 | 579 | 402 | 1,442 | |
Minority Interest | -28 | -47 | -45 | -9 | -13 | -11 | -10 | -13 | -13 | -13 | |
Share Associate | 48 | 37 | 18 | 16 | 12 | 21 | 39 | ||||
Other Related Items | |||||||||||
Consolidated Net Profit | 356 | 718 | 400 | 615 | 981 | 581 | 731 | 578 | 410 | 1,468 | |
Adjusted EPS | 11 | 23 | 13 | 20 | 36 | 21 | 26 | 20 | 14 | 52 |
Particulars | 10 years | 2012-03 Rs. Cr. | 2013-03 Rs. Cr. | 2014-03 Rs. Cr. | 2015-03 Rs. Cr. | 2016-03 Rs. Cr. | 2017-03 Rs. Cr. | 2018-03 Rs. Cr. | 2019-03 Rs. Cr. | 2020-03 Rs. Cr. | 2021-03 Rs. Cr. |
Cash Fr. Operatn. | 1,020 | 333 | 834 | 1,412 | 915 | 1,350 | 103 | 499 | 849 | 168 | |
Cash Fr. Inv. | -647 | -517 | -780 | -315 | -451 | -343 | -167 | -278 | -379 | -116 | |
Cash Fr. Finan. | -355 | 165 | -39 | -975 | -365 | -1,180 | 92 | -252 | -296 | -175 | |
Net Change | 18 | -19 | 16 | 122 | 99 | -173 | 28 | -30 | 175 | -122 | |
Cash & Cash Eqvt | 84 | 65 | 81 | 203 | 279 | 42 | 70 | 40 | 215 | 93 |
Sat, 14 May 2022
Board Meeting Intimation for Consideration And Approval Of The Audited Financial Results Of The Company For The Financial Year Ended 31St March 2022. VARDHMAN TEXTILES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 21/05/2022 inter alia to consider and approve the Audited Financial Results of the Company for the Financial year ended 31st March 2022. |
Tue, 10 May 2022
Demat Report For The Month Ended April 2022. Pursuant to the provisions of Regulation 74(5) of the Securities and Exchange Board of India (Depositories and Participants) Regulations 2018 please find attached herewith necessary certificate giving particulars of shares i.e. Distinctive No(s) Certificate No(s) No. of shares etc. dematerialized during the month of April 2022. |
Fri, 06 May 2022
Certified Copy Of NCLT Order (Form No. CAA 7) This is in continuation to our earlier intimation dated 31st March 2022 informing the Exchange that the National Company Law Tribunal Chandigarh Bench ("NCLT") has sanctioned the Scheme of Amalgamation filed by the Company under section 230 and 232 of the Companies Act 2013 comprising of amalgamation of VMT Spinning Company Limited (Transferor Company 1) and Vardhman Nisshinbo Garments Company Limited (Transferor Company 2) with Vardhman Textiles Limited (Transferee Company) with effect from the appointed date i.e. 1st April 2020. In view of the above please find enclosed herewith a copy of certified NCLT Order (Form No. CAA 7) for your information and record. |
Fri, 20 May 2022 |
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