Vardhman Textiles Limited
NSE: VTL · Other Textile Products · sector
₹495.45NSE close 2026-10-26
Key numbers
Market cap₹14,110 cr
Price₹495.45
52w high / low₹688 / ₹391
P/E16.6xSector median 13.7x
P/B1.3xSector median 1.1x
Book value₹369.2
Dividend yield1.04%Sector median 0.51%
ROE8.3%Sector median 5.4%
ROCE9.2%Sector median 7.5%
OPM13.6%Sector median 6.6%
Debt / equity0.18xSector median 0.43x
EV/EBITDA10.7xSector median 9.6x
Interest cover12.2x
Current ratio4.15x
Sales growth 3y-0.9%Sector median +0.6%
Profit growth 3y-2.1%Sector median +1.1%
PEG–
Last 12 months to Jun 2026, Consolidated. "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 ₹1,090 cr vs borrowings ₹1,855 cr (FY26): borrowings are higher by ₹765 cr.
- Operating profit covered interest 12.2x in the last 12 months.
- No promoter shares are pledged.
- Promoter holding rose by 0.85 percentage points in a year, to 65.06% (2026-09-30).
- Operating cash flow was below net profit in 2 of the last 5 years (FY24, FY22).
- Revenue was higher than a year earlier in 2 of the last 4 quarters.
- Other income was 27% of net profit in the last 12 months.
- Dividend paid in 4 of the last 5 financial years.
- Price ₹495.45 on 2026-10-26: -28.0% from the 52-week high, +26.7% 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 ₹646.20 · low ₹374.05
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,502 | 2,465 | 2,509 | 2,386 | 2,480 | 2,505 | 2,498 | 2,703 |
| EBITDA | 315 | 313 | 287 | 326 | 334 | 284 | 294 | 474 |
| OPM % | 12.6% | 12.7% | 11.4% | 13.7% | 13.5% | 11.3% | 11.8% | 17.5% |
| Other income | 82 | 68 | 120 | 70 | 37 | 58 | 58 | 78 |
| Net profit | 197 | 211 | 237 | 207 | 187 | 166 | 185 | 310 |
| EPS (₹) | 6.92 | 7.40 | 8.35 | 7.28 | 6.57 | 5.85 | 6.49 | 10.88 |
| Revenue YoY | -0.9% | +1.6% | -0.4% | +13.3% | ||||
| Profit YoY | -5.0% | -21.0% | -22.2% | +49.6% |
Consolidated figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 9,622 | 10,137 | 9,505 | 9,785 | 9,869 | 10,186 |
| EBITDA | 2,274 | 1,324 | 973 | 1,263 | 1,239 | 1,387 |
| Net profit | 1,547 | 795 | 632 | 883 | 745 | 848 |
| EPS (₹) | 54.58 | 27.96 | 22.20 | 31.05 | 26.18 | 29.79 |
| Revenue growth | +5.4% | -6.2% | +2.9% | +0.9% | +3.3% | |
| Profit growth | -48.6% | -20.6% | +39.8% | -15.6% | -0.5% | |
| Dividend / share (₹) | 51.50 | – | 3.50 | 4.00 | 5.00 |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | -0.9% | +10.0% | +3.3% |
| Net profit | -2.1% | +12.7% | -0.5% |
| EPS | -2.2% | -18.4% | – |
| Share price | – | +5.8% (2y) | +25.4% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 8,563 | 9,100 | 9,966 | 10,514 |
| Borrowings | – | 1,677 | 1,791 | 1,238 | 1,855 |
| Cash & equivalents | – | 1,515 | 314 | 552 | 1,090 |
| Total assets | – | 11,333 | 11,981 | 12,432 | 13,866 |
| Fixed assets | – | 3,933 | 3,757 | 4,140 | 5,084 |
| Capital work in progress | – | 51 | 61 | 252 | 586 |
| Investments | – | 1,408 | 1,473 | 1,381 | 822 |
| Receivables | – | 1,191 | 1,220 | 1,298 | 1,306 |
| Inventory | – | 2,393 | 4,180 | 3,761 | 3,643 |
| Payables | – | 360 | 358 | 497 | 497 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | 1,445 | 1,853 | -1,055 | 1,644 | 1,108 |
| Cash from investing | -899 | -1,445 | 1,104 | -892 | -1,516 |
| Cash from financing | -571 | -399 | -90 | -733 | 398 |
| Capex | 519 | 622 | 284 | 1,033 | 1,738 |
| Free cash flow | 926 | 1,231 | -1,339 | 611 | -630 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | 9.3% | 6.9% | 8.9% | 7.1% |
| ROCE % | – | 11.0% | 8.2% | 10.7% | 8.1% |
| Debtor days | – | 43 | 47 | 48 | 48 |
| Inventory days | – | 147 | 273 | 254 | 244 |
| Payable days | – | 22 | 23 | 34 | 33 |
| Cash conversion cycle (days) | – | 168 | 297 | 268 | 259 |
| Working capital days | – | 156 | 168 | 184 | 196 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 65.06% |
| FIIs | 6.43% |
| DIIs | 14.17% |
| of which Mutual funds | 11.95% |
| of which Insurance | 0.49% |
| Public (non-institutions) | 14.35% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 64.21% | 64.22% | 64.21% | 64.21% | 64.44% | 65.09% | 65.08% | 65.06% |
| Promoter group | % |
|---|---|
| Vardhman Holdings Limited | 28.96% |
| Adishwar Enterprises LLP | 17.82% |
| Devakar Investment and Trading Company Private Limited | 11.72% |
| VTL Investments Limited | 1.61% |
| Shri Paul Oswal | 1.03% |
| Flamingo Finance and Investment Company Limited | 0.92% |
| Santon Finance and Investment Company Limited | 0.79% |
| Ramaniya Finance and Investment Company Limited | 0.73% |
| Suchita Jain | 0.42% |
| Shakun Oswal | 0.24% |
| Shri Paul Oswal, Partner, Paras Syndicate | 0.20% |
| Shri Paul Oswal, Partner, Northern Trading Company | 0.19% |
| Mahavir Spinning Mills Private Limited | 0.17% |
| Shri Paul Oswal, Partner, Amber Syndicate | 0.13% |
| Shakun Oswal, Partner, Eastern Trading Company | 0.09% |
| Public holders above 1% | % |
|---|---|
| HDFC Small CAP Fund | 5.84% |
| Nippon Life India Trustee Ltd-a/c Nippon India Small CAP Fund | 2.98% |
| DSP Small CAP Fund | 1.47% |
84,086 shareholders. Pledged: 0.00% 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 | – | – | – | – | – | – | – |
| FILATEX | ₹4,202 cr | 22.0x | 2.8x | 13.5% | 18.1% | 8.1% | -1.1% | 0.27% |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Textiles | ₹9,652 cr | 96.8% | ₹1,008 cr | 10.4% |
| Acrylic Fibre | ₹319 cr | 3.2% | ₹18 cr | 5.8% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-08-28 | Dividend | Dividend - Rs 5 Per Share |
| 2025-09-12 | Dividend | Dividend - Rs 5 Per Share |
| 2024-09-06 | Dividend | Annual General Meeting/Dividend - Rs 4 Per Share |
| 2023-09-15 | Dividend | Annual General Meeting/Dividend - Rs 3.50 Per Share |
| 2022-09-16 | Other | Annual General Meeting |
| 2022-03-24 | Split | Face Value Split (Sub-Division) - From Rs 10/- Per Share To Rs 2/- Per Share |
| 2021-11-02 | Dividend | Interim Dividend - Rs 34 Per Share |
| 2021-09-16 | Dividend | Annual General Meeting/Dividend - Rs 17.50 Per Share |
| 2020-09-16 | Other | Annual General Meeting |
| 2019-09-18 | Dividend | Annual General Meeting/Dividend - Rs 17.50 Per Share |
| 2018-09-12 | Dividend | Annual General Meeting/Dividend- Rs 15 Per Share |
| 2017-09-07 | Dividend | Annual General Meeting/Dividend - Rs 15 Per Share |
| 2016-12-08 | Buyback | Buy Back |
| 2016-08-25 | Other | Annual General Meeting |
| 2016-03-17 | Dividend | Interim Dividend - Rs 15/- Per Share (Purpose Revised) |
| 2015-08-05 | Dividend | Dividend - Rs 10/- Per Share (Book Closure Date Revised) |
| 2014-09-03 | Dividend | Annual General Meeting / Dividend - Rs 6/- Per Share / Special Dividend - Rs 5/ -Per Share |
| 2013-08-14 | Dividend | Annual General Meeting / Dividend Rs 6 Per Share |
| 2012-08-16 | Dividend | Annual General Meeting / Dividend Rs 4.50 Per Share |
| 2011-07-08 | Dividend | Dividend-Rs.4.50 Per Share |
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
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Textile Manufacturing: Manufacturing of different types of yarn & fabric and garments.
| Sector | Consumer Discretionary |
| Industry | Other Textile Products |
| Sub-industry | Other Textile Products |
| Symbol | VTL |
| BSE code | 502986 |
| ISIN | INE825A01020 |
| Face value | ₹2.0 |
| Incorporated | 1973-10-08 |
| Website | www.vardhman.com |
| Plants (India / abroad) | 13 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.