Vardhaman Acrylics Ltd
NSE: VARDHACRLC · Other · sector
₹41.11NSE close 2026-10-26
Key numbers
Market cap₹330 cr
Price₹41.11
52w high / low₹49 / ₹27
P/E7.9xSector median 14.4x
P/B1.3xSector median 1.7x
Book value₹31.6
Dividend yield3.66%Sector median 0.37%
ROE16.9%Sector median 13.8%
ROCE18.8%Sector median 19.6%
OPM10.7%Sector median 10.4%
Debt / equity0.00xSector median 0.29x
EV/EBITDA4.1xSector median 8.4x
Interest cover297.8x
Current ratio3.50x
Sales growth 3y-9.3%Sector median +7.7%
Profit growth 3y-6.0%Sector median +16.6%
PEG–
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 688 companies in Other (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹186 cr vs borrowings ₹0 cr (FY26): cash is higher (net cash).
- Operating profit covered interest 297.8x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 3 of the last 5 years (FY26, FY24, FY22).
- Revenue was higher than a year earlier in 3 of the last 4 quarters.
- Other income was 37% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹41.11 on 2026-10-26: -15.3% from the 52-week high, +52.2% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹60.08 · low ₹29.39
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 71 | 82 | 72 | 69 | 89 | 76 | 84 | 78 |
| EBITDA | 1 | 1 | -0 | -1 | 0 | 7 | 10 | 18 |
| OPM % | 1.1% | 1.0% | -0.0% | -0.9% | 0.2% | 9.3% | 12.0% | 22.7% |
| Other income | 3 | 5 | 3 | 4 | 4 | 3 | 4 | 4 |
| Net profit | 2 | 4 | 2 | 2 | 2 | 7 | 16 | 16 |
| EPS (₹) | 0.19 | 0.49 | 0.24 | 0.22 | 0.31 | 0.92 | 1.94 | 2.02 |
| Revenue YoY | +26.6% | -6.7% | +15.8% | +12.8% | ||||
| Profit YoY | +60.3% | +86.6% | +695.4% | +826.9% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 303 | 427 | 297 | 282 | 319 | 327 |
| EBITDA | 9 | 36 | 13 | 4 | 17 | 35 |
| Net profit | 15 | 33 | 18 | 12 | 27 | 42 |
| EPS (₹) | 1.81 | 4.09 | 2.18 | 1.47 | 3.39 | 5.19 |
| Revenue growth | +40.7% | -30.3% | -5.3% | +13.1% | +11.4% | |
| Profit growth | +125.7% | -46.6% | -32.6% | +130.3% | +351.5% | |
| Dividend / share (₹) | 25.00 | – | 2.50 | 2.00 | 1.50 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -9.3% | +2.6% | +11.4% |
| Net profit | -6.0% | -8.7% | +351.5% |
| EPS | -6.1% | -8.7% | – |
| Share price | – | -13.1% (2y) | +6.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 245 | 243 | 239 | 254 |
| Borrowings | – | 0 | 1 | 0 | 0 |
| Cash & equivalents | – | 92 | 83 | 125 | 186 |
| Total assets | – | 342 | 328 | 349 | 343 |
| Fixed assets | – | 54 | 56 | 58 | 60 |
| Capital work in progress | – | 4 | 0 | 0 | 0 |
| Investments | – | 83 | 89 | 64 | 3 |
| Receivables | – | 13 | 16 | 9 | 11 |
| Inventory | – | 83 | 75 | 81 | 64 |
| Payables | – | 54 | 43 | 67 | 49 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -9 | 39 | 8 | 26 | 7 |
| Cash from investing | 190 | -37 | 12 | -9 | 8 |
| Cash from financing | -198 | -3 | -20 | -17 | -12 |
| Capex | 3 | 8 | 3 | 5 | 5 |
| Free cash flow | -12 | 31 | 4 | 21 | 2 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 13.4% | 7.2% | 5.0% | 10.7% |
| ROCE % | – | 17.7% | 8.9% | 6.8% | 11.4% |
| Debtor days | – | 11 | 20 | 11 | 13 |
| Inventory days | – | 108 | 141 | 149 | 108 |
| Payable days | – | 70 | 81 | 123 | 83 |
| Cash conversion cycle (days) | – | 49 | 80 | 37 | 38 |
| Working capital days | – | 94 | 127 | 161 | 226 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 74.97% |
| FIIs | 0.02% |
| Public (non-institutions) | 25.01% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% | 74.97% |
| Promoter group | % |
|---|---|
| Vardhman Textiles Limited | 70.74% |
| Devakar Investment and Trading Company Private Limited | 3.23% |
| Vardhman Holdings Limited | 0.91% |
| VTL Investments Limited | 0.09% |
| Shri Paul Oswal | 0.00% |
| Shakun Oswal | 0.00% |
| Sachit Jain | 0.00% |
| Suchita Jain | 0.00% |
| Soumya Jain | 0.00% |
| Sagrika VIR | 0.00% |
| Flamingo Finance & Investment Company Limited | 0.00% |
| Ramaniya Finance & Investment Company Limited | 0.00% |
| Mahavir Spinning Mills Private Limited | 0.00% |
| Adishwar Enterprises LLP | 0.00% |
| Santon Finance & Investment Company Limited | 0.00% |
| Public holders above 1% | % |
|---|---|
| Nahar Capital and Financial Services Ltd | 1.14% |
27,393 shareholders. Pledged: 0.00% of promoter shares.
Peers in Other
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| TSFINV | ₹8,585 cr | 17.6x | 1.4x | 8.4% | 3.6% | 20.5% | +121.7% | 2.30% |
| KRISHANA | ₹6,339 cr | 39.9x | 11.3x | 41.6% | 23.2% | 12.6% | +95.7% | 0.05% |
| MARINE | ₹5,431 cr | 84.2x | 11.0x | 14.3% | 18.0% | 10.8% | +25.6% | 0.07% |
| ZOTA | ₹4,139 cr | – | 6.0x | -22.5% | -12.4% | -0.5% | +56.7% | 0.07% |
| AIMTRON | ₹3,319 cr | 71.7x | 17.1x | 28.0% | 31.8% | 21.8% | – | – |
| ACCORD | ₹2,984 cr | – | 261.7x | 12.4% | 12.0% | 2.4% | – | – |
| MONOLITH | ₹2,646 cr | 64.6x | 24.3x | 36.0% | 48.7% | 24.4% | – | – |
| UTSSAV | ₹2,390 cr | 40.2x | 14.1x | 43.4% | 54.7% | 7.9% | – | – |
| BETA | ₹2,200 cr | 40.6x | 5.0x | 16.4% | 17.0% | 20.8% | – | – |
| VARDHACRLC | ₹330 cr | 7.9x | 1.3x | 16.9% | 18.8% | 10.7% | -9.3% | 3.66% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-28 | Dividend | Dividend - Rs 1.50 Per Share |
| 2025-09-12 | Dividend | Dividend - Rs 1.50 Per Share |
| 2024-09-06 | Dividend | Annual General Meeting/Dividend - Rs 2 Per Share |
| 2023-09-15 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2022-09-16 | Other | Annual General Meeting |
| 2021-10-28 | Dividend | Interim Dividend - Rs 25 Per Share |
| 2021-09-16 | Other | Annual General Meeting |
| 2020-09-17 | Other | Annual General Meeting |
| 2019-09-18 | Dividend | Annual General Meeting/Dividend - Rs 2.50 Per Share |
| 2018-09-12 | Dividend | Annual General Meeting/Dividend- Rs 2 Per Share |
| 2017-09-07 | Dividend | Dividend - Rs 1.50 Per Share |
| 2017-01-12 | Buyback | Buyback |
| 2016-08-25 | Other | Annual General Meeting |
| 2016-03-17 | Dividend | Interim Dividend - Rs 5/- Per Share (Purpose Revised) |
| 2015-08-05 | Dividend | Annual General Meeting/Dividend Re 1/- Per Share |
| 2014-08-25 | Other | Annual General Meeting / Annual Book Closure |
| 2013-08-14 | Other | Annual General Meeting |
| 2012-08-16 | Other | Annual General Meeting |
| 2011-07-08 | Other | Annual General Meeting |
| 2010-06-29 | Other | Annual General Meeting |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
Links go to the original files on the exchange website.
About the company
- Fibre Manufacturing: Manufacturing of Acrylic Fibre & Tow
| Sector | |
| Industry | Other |
| Sub-industry | |
| Symbol | VARDHACRLC |
| BSE code | – |
| ISIN | INE116G01013 |
| Face value | ₹10.0 |
| Incorporated | 1990-12-24 |
| Website | www.vardhman.com |
| Plants (India / abroad) | 1 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-23 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.