Overview

Detailed Summary

Vardman Polytex Ltd. (VPL) is primarily involved in the manufacturing of yarn and garments. It produces various types of yarn including cotton, acrylic, polyester, and tyre cord yarns.
VPL has a significant export footprint, supplying to countries like the UK, Belgium, Italy, Germany, Korea, Australia, and New Zealand among others.
The company has undergone several expansions, notably increasing its spindle count and establishing new units such as Vinayak Textile Mills.
VPL has engaged in modernization and capacity enhancement, including the acquisition of notable textile assets and trademarks like 'F.M. Hämmerle'.
Significant investments have been positioned to expand and modernize their manufacturing capabilities and extend into garment manufacturing through strategic amalgamations.

Sector: Textiles
Industry: Textiles - Spinning/Cotton/Blended Yarn - Ring Spg
Market Cap: 444 Cr
Volatility: High Risk
P/E Ratio: -36.7
Industry P/E: 22.5
PEG Ratio: —
P/B Ratio: —
52W High: 13.62
52W Low: 5.02

Sales CAGR

1Y: 82.31%
3Y: -32.55%
5Y: -12.66%
10Y: -11.75%

Profit CAGR

1Y: 72.65%
3Y: —
5Y: -31.89%
10Y: 5.76%

ROE

TTM: 4.27%
3Y: -2.95%
5Y: 13.35%
10Y: 20.75%

ROCE

TTM: 29.42%
3Y: -21.41%
5Y: -8.04%
10Y: 85.98%

Technicals

‌

Forecasts

Peers

Symbol	Price	Market Cap	P/E	P/B	Div Yield (%)	ROE (%)	ROCE (%)	ROA (%)
PRECOT	416.50	522 Cr	17.94	1.13	0.69	9.76	10.51	2.97
SUTLEJTEX	29.85	498 Cr	-6.05	0.59	0.00	-10.68	-4.29	-4.11
VARDMNPOLY	7.93	444 Cr	-36.69	0.00	0.00	4.27	29.42	-4.76
SRTL	69.80	294 Cr	25.66	1.78	0.00	0.00	0.00	—
DCMNVL	128.00	237 Cr	71.11	0.73	0.00	1.26	5.87	0.52
SHIVATEX	161.00	201 Cr	12.98	1.41	0.39	11.32	10.78	5.22
SUPER	635.10	193 Cr	58.59	0.36	0.40	0.31	1.88	0.47

Financial Statements

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Consolidated Quarterly Results (in ₹ Crores)

View Standalone

Total Figures

QoQ Changes

Total Figures

	Sep 2019	Dec 2019	Mar 2020	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021
Sales	98	123	136	43	121	151	194	192	215	244
Expenses	101	125	131	46	121	151	176	174	199	232
Operating Profit	-2.74	-1.76	4.56	-3.13	-0.06	-0.23	18	18	16	12
OPM %	-2.80	-1.43	3.36	-7.31	-0.05	-0.15	9.18	9.24	7.58	4.93
Other Income	0.74	0.94	175	0.66	0.65	0.66	0.64	0.60	1.14	0.78
Interest	15	16	15	15	17	11	16	15	16	16
Depreciation	3.79	3.75	3.59	3.70	3.88	3.50	3.58	3.52	3.51	3.44
Profit Before Tax	-21	-20	162	-22	-20	-14	-1.19	-0.44	-1.82	-6.46
Tax %	0.00	0.00	0.00	0.00	-0.05	0.00	0.00	0.00	0.00	0.00
Net Profit	-21	-20	162	-22	-20	-14	-1.19	-0.45	-1.83	-6.46
EPS in Rs	-0.46	-0.44	3.52	-0.47	-0.43	-0.31	-0.03	-0.01	-0.04	-0.14

Consolidated Profit Loss (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Sales	1,054	1,021	954	925	641	811	561	509	929	845
Expenses	954	956	897	868	703	809	561	494	870	781
Operating Profit	100	65	57	57	-62	1.27	-0.29	14	59	64
OPM %	9.46	6.37	5.98	6.20	-9.74	0.16	-0.05	2.83	6.38	7.56
Other Income	24	-10	52	12	3.17	2.87	178	2.60	3.12	3.16
Interest	84	87	86	72	82	60	60	59	64	63
Depreciation	48	42	38	30	30	18	16	15	14	14
Profit Before Tax	-7.92	-74	-15	-33	-172	-74	102	-57	-15	-9.91
Tax %	18.20	39.53	-0.07	-0.04	-0.01	-0.02	0.01	-0.03	-0.05	-0.20
Net Profit	-6.48	-45	-15	-33	-172	-74	102	-57	-16	-9.93
EPS in Rs	—	—	—	—	—	-1.61	2.22	-1.24	—	-0.22
Dividend Payout %	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—

Consolidated Balance Sheet (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Equity Capital	18	20	22	22	22	22	22	22	22	22
Reserves	23	32	6.08	-40	-74	-246	-414	-313	-371	-386
Borrowings	542	516	498	484	473	498	445	489	523	529
Other Liabilities	240	251	232	209	234	238	271	114	131	161
Total Liabilities	823	819	758	676	655	513	324	313	305	326
Fixed Assets	517	490	397	368	358	335	206	191	178	165
CWIP	14	8.00	4.12	6.64	6.67	3.11	0.00	0.00	0.00	0.00
Investments	2.66	8.14	0.33	0.19	5.21	5.06	4.96	4.86	4.76	4.66
Other Assets	290	313	357	301	286	170	112	117	123	156
Total Assets	823	819	758	676	655	513	324	313	305	326

Consolidated Cash Flows (in ₹ Crores)

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Total Figures

YoY Changes

Total Figures

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Cash from Operating Activity	90	71	85	109	92	51	134	13	24	61
Cash from Investing Activity	-1.74	-11	1.57	-7.14	-24	-5.20	114	0.37	-1.22	-0.52
Cash from Financing Activity	-70	-72	-90	-103	-68	-51	-251	-14	-23	-61
Net Cash Flow	18	-12	-3.84	-1.12	-0.21	-5.19	-3.62	-0.13	-0.05	0.06

Shareholdings

Shareholding History

Quarterly

Yearly

Quarterly

	Oct 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Oct 2024	Nov 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Promoters	49.14%	49.14%	49.14%	49.14%	49.14%	34.74%	32.31%	30.76%	34.22%	34.22%	34.22%	34.22%
FIIs	1.24%	0.65%	0.38%	0.24%	0.32%	0.27%	0.24%	0.22%	0.54%	0.21%	0.33%	0.46%
DIIs	0.01%	0.01%	0.01%	0.01%	0.08%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	49.61%	50.20%	50.48%	50.61%	50.47%	64.98%	67.44%	69.02%	65.24%	65.57%	65.45%	65.32%
Total Shareholders	13,810	13,529	13,371	19,674	23,189	23,777	23,692	25,994	26,725	30,510	32,771	33,681

Market Transactions

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Announcements

Last 7 days

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Sentiment

Board Meeting Intimation

2 days ago

Board Meeting on 06-Mar-2026 to Consider Fundraising via Debt/Equity/Convertibles

Vardhman Polytex will hold a board meeting on 06-Mar-2026 to consider raising funds by debt, debentures, equity or other convertible instruments (including preferential or other permissible modes) subject to required approvals; trading window closed until 48 hours after the outcome.

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Frequently Asked Questions about Vardhman Polytex Ltd

Vardhman Polytex Ltd (VARDMNPOLY) is currently trading at 7.93 per share. Stock prices fluctuate during market hours on NSE and BSE based on demand, company updates, and overall market conditions. Refer to the live price chart above for the most recent price movement.

Vardman Polytex Ltd. (VPL) is primarily involved in the manufacturing of yarn and garments. It produces various types of yarn including cotton, acrylic, polyester, and tyre cord yarns. VPL has a significant export footprint, supplying to countries like the UK, Belgium, Italy, Germany, Korea, Australia, and New Zealand among others. The company has undergone several expansions, notably increasing its spindle count and establishing new units such as Vinayak Textile Mills. VPL has engaged in modernization and capacity enhancement, including the acquisition of notable textile assets and trademarks like 'F.M. Hämmerle'. Significant investments have been positioned to expand and modernize their manufacturing capabilities and extend into garment manufacturing through strategic amalgamations.

Over the past 52 weeks, Vardhman Polytex Ltd has traded between a low of ₹5.02 and a high of ₹13.62. The 52-week high and low indicate the stock’s price range over the last year and help investors understand its volatility and recent trading levels.

Vardhman Polytex Ltd has a market capitalization of approximately 444.25. Market capitalization represents the total value of a company’s outstanding shares and helps investors understand its size, stability, and relative risk compared to other listed companies.

Vardhman Polytex Ltd’s investment profile depends on its business fundamentals, valuation, and long-term outlook. The stock currently trades at a PE ratio of -36.69 and operates in the Textiles sector. Investors typically assess financial performance, growth prospects, and individual risk tolerance before making investment decisions.

Based on its market capitalization of 444.25 Cr, Vardhman Polytex Ltd is classified as a Small Cap stock. Large-cap stocks are generally more stable, while mid-cap and small-cap stocks tend to offer higher growth potential along with higher price volatility.

Vardhman Polytex Ltd operates in the Textiles sector. Sector classification matters because companies in the same sector are often affected by similar economic conditions, regulatory changes, and competitive dynamics, which can influence overall stock performance.

The Price-to-Earnings (PE) ratio of Vardhman Polytex Ltd is -36.69. The PE ratio compares a company’s share price to its earnings and is commonly used to assess valuation. Comparing the PE ratio with sector peers and historical levels provides better context.

Vardhman Polytex Ltd

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