Fin Cascade
Get Android appGet iOS app

Prices as of 9 Oct 2026 close · Not investment advice

Vardhman Polytex Limited

NSE: VARDMNPOLYOther Textile Products

Share price

₹5.26

+0.19% close of 9 Oct 2026

Market cap ₹252 CrP/E 0.8

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 6 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

32

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹252 Cr

P/E ratio

0.8

P/B ratio

-1.3

ROCE

28.4%

ROE

—

Dividend yield

0.0%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹8.9352-week low ₹5.25

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales fell 14.6% over the past year. Meanwhile what it keeps of every 100 rupees of sales improved from -16.1% to 4.4% over the last two years.

Whether it grew faster than its sector

It grew -13.1% a year against a sector median of 7.2% — 20.3 percentage points slower.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.0 times its growth rate, on earnings growth of 26%.

Profit growthPrice per ₹1 profitPer 1% growth
Vardhman Polytex Limited — this one26%/yr0.8×₹0.03
Welspun Living Limited4%/yr77.0×₹19.2
Vardhman Textiles Limited-4%/yr17.8×—
Trident Limited-6%/yr28.4×—
Indo Count Industries Limited-23%/yr58.2×—
Garware Technical Fibres Limited7%/yr34.4×₹4.9

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Other Textile Products), it ranks 5 of 106 on returns, 93 of 103 on growth, 72 of 106 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

A wide advantage: it earns 28.4% on capital, ahead of 95% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

No — Over the last five years the business itself consumed ₹41 crore of cash before any plant spend. It has not made a profit over 12 years.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

5 of 9 checks clear · 56%

How the profit check works

Latest result · Q1 FY27

What the last results showed. Whether management kept its word is in Pro.

Announced 10 Aug 2026 · Standalone · Unaudited

Revenue

₹61 Cr

Net profit

₹311 Cr

Net margin

512.3%

EPS

₹6.44

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap
₹252 Cr
Prev close
₹5.26
52w High
₹9.5
52w Low
₹5.1
Enterprise value
₹307 Cr
Beta
1.1
Price CAGR 1y
-36.0%
Price CAGR 3y
5.0%
Price CAGR 5y
21.0%
Price CAGR 10y
0.0%

Ratios

Return on assets
2.8%
PEG ratio
1.1
P/E ratio
0.8
P/B ratio
-1.3
EV / EBITDA
25.6
Industry P/E
16.3
ROCE
28.4%
ROCE 5y average
-3.0%
ROE
—
Debt / Equity
—
Interest coverage
1.9
Dividend yield
0.0%
ROE 3y average
—
ROE last year
—

Annual P&L

Annual revenue
₹237 Cr
Annual profit
₹8 Cr
Operating margin
6.0%
Net profit margin
3.4%
EBITDA margin
5.9%
Sales growth 3y
-27.2%
Sales growth 5y
-14.1%
Profit growth 3y
26.0%
Profit growth 5y
15.0%
EPS
₹0.2
Sales growth TTM
-15.0%
Profit growth TTM
-65.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹61 Cr
Profit latest quarter
₹311 Cr
YoY quarterly sales growth
1.7%
YoY quarterly profit growth
—
OPM latest quarter
-2.1%

Balance Sheet

Book Value
—
Face Value
₹1.0
Total debt
₹55 Cr
Total cash
₹0 Cr
Borrowings
₹55 Cr
Reserves / Equity
-5.1

Cash Flow

Operating cash flow
-₹30 Cr
Free cash flow
-₹28 Cr
FCF yield
-14.7%
Net cash flow
₹0 Cr

Shareholding

Promoter holding
40.6%
FII holding
5.3%
DII holding
0.0%
Public holding
54.0%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
K P R Mill Ltd1,100.4041.237,6150.45258.521.61,935.59.619.6
Welspun Living237.8680.822,4690.04162.683.62,795.523.76.3
Vardhman Textile549.4018.815,9380.91314.649.52,703.113.38.6
Trident22.5629.111,4912.22158.112.91,786.84.79.8
Indo Count Inds.473.1562.19,3720.3263.262.01,207.025.98.2
Garware Tech.770.0534.27,5301.1764.621.7482.431.422.0
Kusumgar611.0051.06,4130.0041.9882.6241.993.618.8
Vardhman Polytex5.4430.02740.00311.2757.960.82.0
Median114.7018.33540.005.944.1113.312.89.9

Competes with: Alok Industries Limited, Garware Technical Fibres Limited, Indo Count Industries Limited, K.P.R. Mill Limited, Kusumgar Limited, Trident Limited, Vardhman Textiles Limited, Welspun Living Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1361016174646475816062516561
Expenses1391217875736849835851506362
Material Cost424052323745
Change in Inventories3.06-5.60-27-2.720.37-4.20
Purchases of Stock-in-Trade25111411146.42
Employee Cost4.354.224.453.544.044.49
Other Expenses8.688.097.236.757.9311
Operating Profit-3-20-18-1-9-427-221102-1
OPM %-2.30-20-29-1.30-14-635-2.402.80170.202.60-2.10
Other Income2023559394221318
Exceptional items (within Other Income)00000310
Interest1313-230434344014
Depreciation3332222222222
Profit before tax1-3451-1112410601311
Tax %0000000000000
Net Profit1-3451-1112410601311
EPS in Rs0.04-1.070.150.03-0.300.020.550.0200.1400.026.44
Diluted EPS in Rs0.0200.1400.026.44

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales941876859618808560507928615376285237238
Expenses878814792659807560493868651418273222227
Material Cost200161
Change in Inventories-31-35
Purchases of Stock-in-Trade3950
Employee Cost2516
Other Expenses4030
Operating Profit636266-411-01459-36-42121411
OPM %778-70.10-0.102.806-6-114.2064.70
Other Income-125014-29531773310329269323
Exceptional items (within Other Income)00
Interest7674606860605964533148.999
Depreciation322821211816151412108.986.727
Profit before tax-589-1-424-74102-57-162-27157.68319
Tax %-5000000000000
Net Profit-299-1-424-74102-57-161-27157.68319
EPS in Rs-0.990.31-0.02-15-2.553.50-1.95-0.530.05-0.750.330.166.60
Diluted EPS in Rs0.450.17
Dividend Payout %000000000000

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
-12%
5 years
-14%
3 years
-27%
TTM
-15%

Compounded profit growth

10 years
-14%
5 years
15%
3 years
26%
TTM
-65%

Stock price CAGR

10 years
0%
5 years
21%
3 years
5%
1 year
-36%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital222222222222222222274648
Reserves1068585-339-414-313-370-386-385-388-273-245
Borrowings451405396448446490523529447765055
Other Liabilities118115122264269113130161206560454425
Total Liabilities697627626395324313306326291276276283
Fixed Assets25823924422921119518217015913011495
CWIP475300000030
Investments929292000000000
Other Assets344290285163112117123156133146160188
Total Assets697627626395324313306326291276276283

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity7610876496313246140-14-98-30
Cash from Investing Activity1-7-20-5-10-1-1-1263120
Cash from Financing Activity-79-104-55-50-64-14-23-61-39-126710
Net Cash Flow-2-41-5-1-0-0001-1-0
Free Cash Flow65985143621322613912-75-28

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days2031331644640055
Inventory Days7744473212181923111977163
Days Payable383942312653745499209171156
Cash Conversion Cycle59363818-10-31-49-26-88-190-8812
Working Capital Days-35-54-68-284-295-358-430-233-346-167-88-52
ROCE %91512-18-16-10128-34

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Sep 2026
Line itemDec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters494949493134343434383841
FIIs0.650.380.240.320.640.540.210.330.465.625.625.34
DIIs0.010.010.010.0100000000
Public505051516965666565575754
No. of Shareholders13,52913,37119,67423,18926,80226,72530,51032,77133,68133,99734,13634,445

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -41.0% (₹8.91 → ₹5.26)Brick size ₹0.31 (fixed)Bricks 45
₹6.00₹7.00₹8.00₹9.00₹5.26Nov '25Jan '26Mar '26May '26Jul '26Oct '26
Price moved up one brickPrice moved down one brickLast close ₹5.26 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

54.72inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

News

News and filings about Vardhman Polytex Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • acrylic fibre
  • cotton
  • polyester staple fibre

Depends on the price of

  • Crude Oil Brent
  • cotton
  • cotton yarn

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector
Textiles
Industry
Other Textile Products
Classification
Textiles › Other Textile Products
ISIN
INE835A01029

Business segments

  • Textile · 100%

Plants

  • Vardhman Polytex Ludhiana worsted & cotton yarn unit
  • Vardhman Polytex Nalagarh spinning unit

News impact

Big market events that reach Vardhman Polytex Limited, and how the effect spreads.

No recent market events reach this company.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

17 May 2024split₹0

Splits, bonuses & buybacks

  • daily-prices repair: 9 rows from NSE's archive (replace 1, delete 2, insert 6), 2016-10-30..2026-05-28 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.