Vardhman Acrylics Ltd.
NNSE:VARDHACRLC41.60
INR
-0.55
(-1.30%)
ISIN
INE116G01013
Return %
Stock
S&P 500
1Y
6.69
14.20
3Y
-26.76
81.12
5Y
-40.32
68.34
Capital Structure
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in mil. unless spec.Growth Rates
INR
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in mil. unless spec.Quarterly Revenue
INR
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in mil. unless spec.Quarterly Earnings Per Share
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INR
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in mil. unless spec.Company Description
- CEO
- Dhaul
- Full Time Employees
- 318
- Sector
- Consumer non-durables
- Industry
- Apparel/Footwear
- Address
- Palm Court Ludhiana PB India 122 001
- IPO Date
- Oct 4, 2003
- Website
- vardhmanacrylics.com
- Similar Companies
- Business
- Vardhman Acrylics Limited is engaged in the manufacture and sale of acrylic fiber and acrylic tow, operating primarily in the textile manufacturing industry. The company produces a variety of acrylic staple fibers and tow, including product categories with different deniers, cut lengths, lusters, and shrinkage characteristics. Its products are marketed under the brand name "VARLAN" and are used in applications such as hand-knitted yarn, blankets, jerseys, sweaters, saris, upholstery, and carpets. Vardhman Acrylics also supplies acrylic fibers with specific physical and mechanical properties, including bright, semi-dull, dull luster, as well as water-absorbent and soft-hand variants tailored to diverse customer needs. Founded in 1999 as part of the Vardhman Group, the company has a modern manufacturing plant in Jhagadia, Gujarat, India, incorporating technology from Japan, specifically sourcing equipment from Marubeni Corporation and Japan Exlan Company Ltd. It operates mainly in India but serves textile manufacturers and related industries that require high-quality acrylic fibers. The company is listed on the National Stock Exchange of India and supports the broader Vardhman Group's vertically integrated textile operations. In recent years, Vardhman Acrylics has witnessed significant business performance improvements, recording strong quarterly revenue growth and expanded net sales, highlighting operational efficiency and market demand. It has made strategic efforts to consolidate its operations within the Vardhman Group for greater synergy and operational efficiency. Notably, the company has maintained a focus on enhancing product quality and capacity utilization, which supports its leadership in the acrylic fiber segment. No major recent acquisitions or partnerships have been publicly reported within the last 1-2 years beyond the consolidation within the Vardhman Group, which involved merging subsidiaries to simplify structures and improve business operations. The company continues to engage in steady product development to meet evolving textile industry requirements, including specialty fibers and variants catering to environmental and performance needs. Overall, Vardhman Acrylics Limited is a key player in the Indian acrylic fiber market, with a comprehensive product portfolio, stable foundational backing from the Vardhman Group, a manufacturing base in Gujarat, and a strategic focus on operational optimization and product innovation in the textile sector.