1. India Stocks

  2. •

    Consumer non-durables

  3. •

    Apparel/Footwear
Vardhman Acrylics Ltd.

Vardhman Acrylics Ltd.

NNSE:VARDHACRLC
39.25
INR
-2.35
(-5.65%)
25.21EPS
1.75P/E
3.51BMarket Cap
Vardhman Acrylics Ltd.
NSE:VARDHACRLC
(National Stock Exchange of India)

Recent

price

39.25

P/E

ratio

1.75

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
INR
36.75
35.95
42.56
50.33
53.55
44.35
36.47
39.74
48.74
41.59
34.82
37.72
53.03
36.94
34.97
39.57
341.45
Revenue per Share
3.47
2.26
2.38
4.69
3.59
4.38
4.45
4.8
4.29
5.76
5.34
1.81
4.09
2.18
1.47
3.39
24.94
Basic EPS, GAAP
1.35
2.37
2.22
4.21
5.43
2.12
4.43
0.17
2.89
-0.21
4.85
-1.49
3.8
0.51
2.63
0.19
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
5.99
0.03
1.5
2
2.5
- -
24.91
0.02
2.52
2
1.51
- -
Dividend per Share
20.85
23.11
27.42
32.37
37.01
34.17
36.76
39.74
41.52
44.23
49.57
26.42
30.53
30.23
29.7
31.6
- -
Book Value per Share
20.85
23.11
27.42
32.37
37.01
34.17
36.76
39.74
41.52
44.23
49.57
26.42
30.53
30.23
29.7
31.6
- -
Tangible Book Value per Share
109
109
103
93
93
93
92
80
80
80
80
80
80
80
80
80
80
Basic Weighted Avg Shares
3,989
3,901
4,365
4,685
4,981
4,125
3,367
3,194
3,917
3,342
2,798
3,031
4,262
2,969
2,810
3,180
27,365
Sales/Revenue/Turnover
12.68
6.18
7.16
8.45
6.4
9.7
10.46
8.52
6.18
6.55
15.42
1.36
7.29
2.73
0.73
4.65
6.98
Operating Margin (%)
112
112
113
114
48
44
46
47
54
52
54
54
55
56
30
29
1,205
Depreciation Expense
376
245
244
437
334
408
411
386
345
463
429
146
329
175
118
272
1,999
Net Income, GAAP
33.08
30.47
35.7
26.28
25.09
33.75
28.07
17.21
26.2
3.32
24.85
16.47
23.76
17.87
26.34
5.57
19.34
Effective Tax Rate (%)
9.44
6.28
5.59
9.32
6.71
9.88
12.21
12.08
8.8
13.84
15.34
4.8
7.71
5.91
4.21
8.57
7.31
Profit Margin (%)
1,420
1,025
1,861
1,624
1,694
1,648
2,412
1,545
2,319
2,192
2,966
1,072
1,097
1,033
1,244
1,969
- -
Working Capital
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
LT Debt
2,263
2,508
2,594
3,011
3,442
3,178
2,954
3,194
3,337
3,554
3,984
2,123
2,454
2,430
2,387
2,539
- -
Total Equity
16.13
6.88
7.69
10.32
7.08
7.79
7.5
6.51
5.06
5.73
8.03
1.04
9.37
2.46
0.69
5.24
- -
Return on Invested Capital (%)
17.94
10.05
9.34
15.47
10.33
12.29
13.42
12.64
10.55
13.4
11.43
4.76
14.27
7.19
4.9
11.06
- -
Return on Capital (%)
18.14
10.27
9.57
15.58
10.36
12.32
13.41
12.55
10.56
13.43
11.39
4.77
14.36
7.18
4.91
11.06
- -
Return on Common Equity (%)

Capital Structure

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
ST Debt
- -
- -
- -
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
80
80
80
Market Capitalization
3,227
2,188
3,510

Working Capital

INR

•

in mil. unless spec.
Dec'26
Mar'26
Jun'27
Total Current Assets
- -
2,757
- -
Cash, Cash Equivalents & STI
- -
1,848
- -
Accounts Receivable, Net
- -
112
- -
Inventories
- -
641
- -
Total Current Liabilities
- -
787
- -
Payables & Accruals
- -
- -
- -
ST Debt
- -
- -
- -
Deferred Revenue
- -
- -
- -

Growth Rates

INR

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
-0.34%
-5.5%
6.4%
Free Cash Flow
-119.59%
-50.58%
-92.63%
Net Income, GAAP
12.19%
22.18%
130.49%
Sales/Revenue/Turnover
-0.54%
5.28%
13.15%
Total Cash Common Dividend
- -
- -
-24.79%

Quarterly Revenue

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
571
706
24,653
721
2,810
2026
694
- -
25,053
835
3,180
2027
783
- -
- -
- -
- -

Quarterly Earnings Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
0.54
0.19
26.21
0.24
1.47
2026
0.22
- -
20.7
1.94
3.39
2027
2.02
- -
- -
- -
- -

Quarterly Dividends Per Share

INR

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2025
- -
- -
- -
- -
2
2026
- -
- -
- -
- -
1.51
2027
- -
- -
- -
- -
- -
Similar Companies
Nike, Inc. (NYSE:NKE)
lululemon athletica inc. (NASDAQ:LULU)
On Holding AG (NYSE:ONON)
LVMH Moet Hennessy Louis Vuitton SE (EURONEXT:MC)
Hermes International SCA (EURONEXT:RMS)
Deckers Outdoor Corporation (NYSE:DECK)
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.