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Vardhman Polytex Limited

Vardhman Polytex Limited

VARDMNPOLY.BO
Vardhman Polytex LimitedIN flagBombay Stock Exchange
6.82
INR
+0.05
- -
3.31BMarket Cap
Vardhman Polytex Limited
VARDMNPOLY.BO
(Bombay Stock Exchange)

Recent

price

6.82

P/E

ratio

- -

div

yld

- -

ROIC.AI

2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
43.67
46.43
51.17
50.43
43.16
37.74
35.88
25.15
32.08
22.19
20.12
36.75
24.36
14.67
8.59
5.24
5.12
Revenue per Share
0.88
-5.24
-0.27
-0.31
-1.9
-0.59
-1.32
-6.79
-2.93
4.03
-2.24
-0.62
0.06
-1.06
0.45
0.17
0.17
Basic EPS, GAAP
-1.86
5.22
4.4
2.65
2.68
3.8
2.6
1.73
5.3
0.46
0.88
2.35
1.55
-0.55
-3.11
-0.95
- -
Free Cash Flow per Basic Share
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
Dividend per Share
0.88
-6.65
-6.83
-6.24
-8.15
-8.17
-9.49
-16.29
-22.48
-18.45
-20.72
-21.29
-21.23
-22.09
-15.82
1.07
1.05
Book Value per Share
6.45
-1.99
-1.27
-0.2
0.81
-1.42
-2.64
-9.38
-15.52
-11.51
-13.79
-14.39
-14.34
-14.29
-6.86
-4.36
-4.27
Tangible Book Value per Share
184
184
184
209
237
253
253
253
253
253
253
253
253
253
332
452
462
Basic Weighted Avg Shares
8,042
8,549
9,428
10,536
10,215
9,536
9,066
6,357
8,107
5,609
5,085
9,286
6,155
3,706
2,850
2,367
2,367
Sales/Revenue/Turnover
-91.07
-7.39
5.66
5.23
3.67
6.05
3.39
-14.29
-1.95
-2.71
1.2
4.94
-7.79
-14.12
1.02
3.17
3.17
Operating Margin (%)
425
449
522
483
425
383
305
299
184
157
147
136
122
105
90
67
67
Depreciation Expense
163
-964
-50
-65
-449
-150
-335
-1,717
-740
1,018
-567
-156
15
-268
149
77
77
Net Income, GAAP
1.15
- -
- -
- -
- -
- -
- -
- -
- -
0.01
- -
- -
- -
- -
- -
- -
- -
Effective Tax Rate (%)
2.02
-11.28
-0.53
-0.62
-4.4
-1.57
-3.69
-27.01
-9.13
18.16
-11.15
-1.68
0.24
-7.22
5.24
3.25
3.25
Profit Margin (%)
96
-2,231
-823
-955
-1,182
-1,496
-2,064
-3,851
-6,544
-5,484
-5,976
-5,908
-5,827
-1,713
-682
-332
-332
Working Capital
3,658
3,376
4,288
3,647
3,164
3,055
2,728
2,394
66
18
14
4
- -
3,602
3,313
- -
- -
LT Debt
1,392
376
478
645
284
-183
-512
-2,234
-3,920
-2,909
-3,485
-3,636
-3,623
-3,610
-2,274
-1,972
-1,972
Total Equity
-121.32
- -
- -
- -
- -
- -
- -
- -
- -
-11.99
- -
- -
-38.26
- -
3.48
- -
- -
Return on Invested Capital (%)
14.32
- -
- -
- -
- -
- -
- -
- -
- -
-329.62
- -
- -
-107.54
- -
-17.74
-58.94
16.84
Return on Capital (%)
106.8
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
- -
16.31
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
487
- -
551
LT Borrowings
- -
- -
- -
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
459
- -
483
Market Capitalization
3,822
2,991
2,984

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
1,277
- -
1,305
Cash, Cash Equivalents & STI
45
- -
85
Accounts Receivable, Net
61
- -
34
Inventories
753
- -
786
Total Current Liabilities
1,809
- -
1,637
Payables & Accruals
- -
- -
- -
ST Debt
487
- -
551
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
53.92%
-9.33%
-13.29%
Free Cash Flow
71.71%
115.38%
-58.23%
Net Income, GAAP
-219.49%
-456.14%
-48.53%
Sales/Revenue/Turnover
-7.84%
-6.19%
-16.94%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
1,355
1,006
608
737
3,706
2025
640
644
754
812
2,850
2026
595
617
506
648
2,367

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.04
-1.51
0.17
- -
-1.06
2025
-0.39
0.02
0.68
0.02
0.45
2026
- -
0.14
- -
0.02
0.17

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
Vardhman Polytex Limited, the flagship company of the Oswal Group, manufactures and sells a diverse range of yarns and garments primarily within the textiles segment, supplemented by real estate operations. The company produces carded, combed, organic, BCI, and SUPIMA cotton yarns; cotton polyester yarns; value-added yarns including grey and dyed variants in variable counts such as compact, core, fancy, melange, multicount, multitwist, and ring yarns; as well as polyester sewing threads. It operates multiple production facilities in Bathinda, Ludhiana, and Nalagarh in Punjab, India, exporting to markets including the UK, Belgium, Italy, Germany, Korea, Australia, New Zealand, Hong Kong, and Taiwan, while serving domestic customers with certifications like ISO 9002, GOTS for organic textiles, Supima licensing, and Oeko-Tex Standard 100. Founded in 1980 and headquartered at Vardhman Park, Chandigarh Road, Ludhiana, Punjab, India, Vardhman Polytex maintains a capacity of approximately 30 tons of yarn per day across its spinning and dyeing operations. Recent developments include a strong financial turnaround with net profit rising to Rs 0.99 crore in March 2025 amid reduced debt and improved EBITDA; board changes announced alongside this recovery; the 45th annual general meeting on August 28, 2025, reappointing Managing Director Adish Oswal; and a redefinition of its registered office address to the current Ludhiana location, reflecting ongoing operational consolidation.