Vardhman Textiles Limited
503.00
INR
-9.00
(-1.76%)
ISIN
INE825A01020
Return %
Stock
S&P 500
1Y
23.21
14.20
3Y
33.14
81.12
5Y
39.86
68.34
Capital Structure
INR
•
in mil. unless spec.Working Capital
INR
•
in mil. unless spec.Growth Rates
INR
•
in mil. unless spec.Quarterly Revenue
INR
•
in mil. unless spec.Quarterly Earnings Per Share
INR
•
in mil. unless spec.Quarterly Dividends Per Share
INR
•
in mil. unless spec.Company Description
- CEO
- Neeraj Jain
- Full Time Employees
- 24,097
- Sector
- Process industries
- Industry
- Textiles
- Address
- Vardhman Premises Ludhiana PU India 141010
- IPO Date
- Jan 19, 1995
- Website
- vardhman.com
- Similar Companies
- Business
- Vardhman Textiles Limited (VTL.NS) is India's largest vertically integrated textile manufacturer, engaged in the production of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fibre, tow, and garments. The company offers a comprehensive range of specialized greige and dyed yarns including organic cotton, melange, core spun, ultra yarns (contamination controlled), gassed mercerised, super fine yarns, slub and cellulose yarns, and fancy yarns for hand knitting; fabrics for apparel tops and bottoms, including piece-dyed and innovative variants; sewing threads for clothing, home textiles, and leather products; and acrylic fibres with a capacity of 22,000 metric tonnes per annum. Operating approximately 1.1 million spindles for over 580-670 metric tons of yarn daily, 1,482 looms for over 193 million meters of fabric annually, and facilities across Punjab, Himachal Pradesh, and Madhya Pradesh, Vardhman markets its products to retailers and customers in the European Union, United States, Far East, Asia, and emerging nations. Founded in 1962 as Vardhman Spinning & General Mills Ltd. and formally incorporated as Vardhman Textiles Limited on October 8, 1973 (with a name change from Mahavir Spinning Mills Limited in 2006), the company is headquartered in Ludhiana, Punjab, India, and forms part of the Vardhman Group of Companies with over 24 manufacturing units historically spanning multiple states. In recent developments, Vardhman announced a Rs. 350 crore investment in November 2024 to expand processed fabric capacity at its Vardhman Fabrics facility in Budhni, Madhya Pradesh, from 175 million meters to 206 million meters per annum, funded by internal accruals and debt with completion targeted within two years; earlier in July 2024, it unveiled a Rs. 2,000 crore multi-year plan for yarn and fabric modernization, including 5,520 rotors and 17,000 spindles (equivalent to 50,000 spindles), technical textiles capacity for 15 lakh meters monthly, and manmade fiber-based fabrics with Rs. 300 crore initial outlay by 2025. Additional strategic moves include establishing Vardhman ReNova, a cotton recycling facility with six tonnes per day capacity, and adding over 100,000 spindles across two new Madhya Pradesh yarn facilities for a 75 tonnes per day increase in 2022; capacity expansions in open-end spinning equivalent to 35,000 spindles at Rs. 300 crore; a March 2023 Rs. 150 crore non-convertible debentures issue; and partnerships such as with NIT-Jalandhar for a customized M.Tech program in 2023. In August 2024, the company was recognized in Fortune India's "Employers of The Future" list for innovative HR strategies.