Vardhman Polytex Ltd.
NSE: VARDMNPOLY · Other Textile Products · sector
₹4.97NSE close 2026-10-26
Key numbers
Market cap₹240 cr
Price₹4.97
52w high / low₹9 / ₹5
P/E0.8xSector median 13.7x
P/B–Sector median 1.1x
Book value₹-4.1
Dividend yield–Sector median 0.51%
ROE–Sector median 5.4%
ROCE–Sector median 7.5%
OPM134.8%Sector median 6.6%
Debt / equity–Sector median 0.43x
EV/EBITDA0.9xSector median 9.6x
Interest cover37.2x
Current ratio0.80x
Sales growth 3y-27.3%Sector median +0.6%
Profit growth 3y+72.7%Sector median +1.1%
PEG0.02x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 222 companies in Other Textile Products (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹0 cr vs borrowings ₹55 cr (FY26): borrowings are higher by ₹55 cr.
- Operating profit covered interest 37.2x in the last 12 months.
- 64.92% of the promoters' shares are pledged (26.4% of all shares).
- Promoter holding rose by 6.41 percentage points in a year, to 40.63% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY26, FY25).
- Revenue was higher than a year earlier in 1 of the last 4 quarters.
- Other income was 4% of net profit in the last 12 months.
- No dividend in the last 5 financial years.
- Price ₹4.97 on 2026-10-26: -45.7% from the 52-week high, +5.5% 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 ₹14.30 · low ₹4.97
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 64 | 75 | 81 | 60 | 62 | 51 | 65 | 61 |
| EBITDA | -4 | 27 | -2 | 2 | 11 | 0 | 2 | 308 |
| OPM % | -5.9% | 35.4% | -2.4% | 2.8% | 17.4% | 0.2% | 2.6% | 507.4% |
| Other income | 9 | 3 | 9 | 4 | 2 | 2 | 1 | 8 |
| Net profit | 1 | 24 | 1 | 0 | 6 | 0 | 1 | 311 |
| EPS (₹) | 0.02 | 0.68 | 0.02 | 0.00 | 0.14 | 0.00 | 0.02 | 6.44 |
| Revenue YoY | -4.2% | -32.8% | -20.1% | +2.0% | ||||
| Profit YoY | +925.4% | -99.4% | -11.1% | +1,63,684.2% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 929 | 616 | 371 | 285 | 237 | 238 |
| EBITDA | 59 | 61 | -42 | 12 | 14 | 321 |
| Net profit | -16 | 1 | -27 | 15 | 8 | 319 |
| EPS (₹) | -0.70 | 0.07 | -1.08 | 0.45 | 0.17 | 6.60 |
| Revenue growth | -33.7% | -39.8% | -23.1% | -16.9% | -15.2% | |
| Profit growth | – | -1,896.0% | – | -48.5% | +1,131.7% | |
| Dividend / share (₹) | – | – | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -27.3% | -14.2% | -15.2% |
| Net profit | +72.7% | – | +1,131.7% |
| EPS | +36.4% | – | – |
| Share price | – | -30.6% (2y) | -36.7% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | -362 | -361 | -227 | -197 |
| Borrowings | – | 447 | 76 | 50 | 55 |
| Cash & equivalents | – | 0 | 1 | 0 | 0 |
| Total assets | – | 291 | 276 | 276 | 283 |
| Fixed assets | – | 154 | 129 | 113 | 95 |
| Capital work in progress | – | 0 | 0 | 3 | – |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 0 | 0 | 4 | 3 |
| Inventory | – | 16 | 17 | 44 | 79 |
| Payables | – | 143 | 186 | 97 | 75 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 61 | 40 | -14 | -98 | -30 |
| Cash from investing | -1 | -1 | 26 | 31 | 20 |
| Cash from financing | -61 | -39 | -12 | 67 | 10 |
| Capex | 2 | 1 | 0 | 5 | 13 |
| Free cash flow | 59 | 39 | -14 | -103 | -43 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -0.4% | 7.4% | -6.6% | -3.9% |
| ROCE % | – | 64.4% | 8.2% | -16.3% | -11.7% |
| Debtor days | – | 0 | 0 | 5 | 5 |
| Inventory days | – | 11 | 19 | 77 | 163 |
| Payable days | – | 99 | 209 | 171 | 156 |
| Cash conversion cycle (days) | – | -88 | -190 | -89 | 12 |
| Working capital days | – | -346 | -179 | -92 | -51 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 40.63% |
| FIIs | 5.34% |
| DIIs | 0.00% |
| of which Mutual funds | 0.00% |
| Public (non-institutions) | 54.03% |
| Quarter | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Mar 2026 | Jun 2026 | Sep 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 34.22% | 34.22% | 34.22% | 37.50% | 37.50% | 37.50% | 40.63% | 40.63% |
| Promoter group | % |
|---|---|
| Oswal Holding Private Limited | 14.25% |
| Panchsheel Textile Manufacturing and TRDG CO.(P) Ltd | 8.71% |
| Alma Assets Consultancy Private Limited | 8.58% |
| Altfort Merchants Private Limited | 4.29% |
| Nightnagle Dealcom Private Limited | 1.30% |
| Adish Oswal | 0.83% |
| Enakshi Investments PVT Ltd | 0.73% |
| Gagan Mercantile Company PVT Ltd | 0.32% |
| Ruby Mercantile Company PVT Ltd | 0.30% |
| Late Ashok Kumar Oswal | 0.25% |
| Liberty Mercantile Company PVT Ltd | 0.24% |
| Allepy Investment and Trading Company Privatelimited | 0.19% |
| Calgary Investment and Trading Company PVT Ltd | 0.13% |
| Manju Oswal | 0.10% |
| Pioneer Mercantile India PVT Ltd | 0.10% |
| Public holders above 1% | % |
|---|---|
| Anupama Kothari | 9.83% |
| Pine OAK Global Fund | 5.34% |
| Navin Kumar Gupta | 3.12% |
| Ruchi Gupta | 2.75% |
| Mayank Subhash Rathod . | 2.66% |
| Saajan Subhash Rathod | 2.38% |
| Sahi Logistics & Infra Private Limited | 2.00% |
| SPV Finserve Private Limited | 1.59% |
| Mangala Subhash Rathod | 1.36% |
| Puneet Arora | 1.33% |
34,443 shareholders. Pledged: 64.92% of promoter shares.
Peers in Other Textile Products
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| SHRMFGC | ₹77,110 cr | – | – | – | – | – | – | – |
| SIYSIL | ₹43,629 cr | 184.0x | 29.9x | 17.3% | 19.4% | 12.6% | +4.8% | 0.12% |
| KPRMILL | ₹34,532 cr | 37.9x | 6.1x | 17.1% | 19.8% | 19.5% | +2.4% | 0.50% |
| WELSPUNLIV | ₹19,740 cr | 71.8x | 4.0x | 5.7% | 8.0% | 8.7% | +5.1% | 1.06% |
| VTL | ₹14,110 cr | 16.6x | 1.3x | 8.3% | 9.2% | 13.6% | -0.9% | 1.04% |
| TRIDENT | ₹10,513 cr | 26.4x | 2.2x | 8.4% | 10.0% | 12.9% | +1.9% | 2.41% |
| ICIL | ₹7,906 cr | 52.4x | 3.4x | 6.5% | 9.8% | 9.7% | +11.2% | 0.50% |
| GARFIBRES | ₹7,048 cr | 34.0x | 5.2x | 14.6% | 21.4% | 17.7% | +5.4% | 1.33% |
| KUSUMGAR | ₹5,714 cr | – | – | – | – | – | – | – |
| VARDMNPOLY | ₹240 cr | 0.8x | – | – | – | 134.8% | -27.3% | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Textile | ₹246 cr | 100.0% | ₹-3 cr | -1.4% |
| Real Estate | ₹0 cr | – | ₹20 cr | – |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2024-09-23 | Other | Annual General Meeting |
| 2024-08-28 | Rights | Rights 7:23 @ Premium Rs 5/- |
| 2024-05-17 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share |
| 2023-08-11 | Other | Annual General Meeting |
| 2022-09-19 | Other | Annual General Meeting |
| 2021-09-21 | Other | Annual General Meeting |
| 2020-09-23 | Other | Annual General Meeting |
| 2019-09-18 | Other | Annual General Meeting |
| 2018-09-14 | Other | Annual General Meeting |
| 2017-08-31 | Other | Annual General Meeting |
| 2016-09-22 | Other | Annual General Meeting |
| 2015-09-21 | Other | Annual General Meeting |
| 2014-09-22 | Other | Annual General Meeting |
| 2013-09-23 | Other | Annual General Meeting |
| 2012-09-24 | Other | Annual General Meeting |
| 2011-08-23 | Other | Annual General Meeting |
| 2010-08-13 | Other | Annual General Meeting |
| 2009-09-17 | Other | Annual General Meeting |
| 2008-09-18 | Dividend | Agm/Dividend - 20% |
| 2007-08-30 | Dividend | Agm/Final Dividend-7% |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
| Sector | Consumer Discretionary |
| Industry | Other Textile Products |
| Sub-industry | Other Textile Products |
| Symbol | VARDMNPOLY |
| BSE code | 514175 |
| ISIN | INE835A01029 |
| Face value | ₹1.0 |
| Incorporated | – |
| Website | – |
| Plants (India / abroad) | – |
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.