Vardhman Acrylics Ltd: Intrinsic Value & Share Price Analysis

Share Price and Basic Stock Data

Last Updated: April 2, 2025, 8:57 pm

Market Cap	331 Cr.
Current Price	41.2
High / Low	69.3/38.8
Stock P/E	21.8
Book Value	29.0
Dividend Yield	4.85 %
ROCE	8.89 %
ROE	7.23 %
Face Value	10.0
PEG Ratio	-1.16

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for Vardhman Acrylics Ltd

Competitors of Vardhman Acrylics Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Vardhman Acrylics Ltd	331 Cr.	41.2	69.3/38.8	21.8	29.0	4.85 %	8.89 %	7.23 %	10.0
Industry Average	331.00 Cr	41.20		21.80	29.00	4.85%	8.89%	7.23%	10.00

All Competitor Stocks of Vardhman Acrylics Ltd

Quarterly Result

Metric	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Sales	105.05	102.42	122.19	118.60	108.18	80.60	80.80	86.41	61.89	68.38	57.05	70.62	81.78
Expenses	90.98	108.35	105.43	111.05	96.73	77.39	82.30	81.09	57.02	63.82	54.91	69.86	80.97
Operating Profit	14.07	-5.93	16.76	7.55	11.45	3.21	-1.50	5.32	4.87	4.56	2.14	0.76	0.81
OPM %	13.39%	-5.79%	13.72%	6.37%	10.58%	3.98%	-1.86%	6.16%	7.87%	6.67%	3.75%	1.08%	0.99%
Other Income	0.00	0.00	0.00	2.91	3.67	3.31	3.54	3.95	2.96	3.58	4.09	3.49	4.72
Interest	0.12	0.10	0.09	0.06	0.07	0.07	0.06	0.07	0.03	0.13	0.06	0.06	0.03
Depreciation	1.37	1.34	1.36	1.38	1.39	1.36	1.40	1.42	1.46	1.36	0.73	0.76	0.71
Profit before tax	12.58	-7.37	15.31	9.02	13.66	5.09	0.58	7.78	6.34	6.65	5.44	3.43	4.79
Tax %	20.59%	-24.69%	23.51%	23.73%	24.30%	22.99%	20.69%	20.57%	11.67%	20.45%	20.22%	54.52%	17.12%
Net Profit	9.99	-5.55	11.71	6.88	10.34	3.92	0.46	6.18	5.60	5.29	4.34	1.56	3.97
EPS in Rs	1.24	-0.69	1.46	0.86	1.29	0.49	0.06	0.77	0.70	0.66	0.54	0.19	0.49

Last Updated: March 3, 2025, 11:18 am

Below is a detailed analysis of the quarterly data for Vardhman Acrylics Ltd based on the most recent figures (Dec 2024) and their trends compared to the previous period:

For Sales, as of Dec 2024, the value is ₹81.78 Cr.. The value appears strong and on an upward trend. It has increased from 70.62 Cr. (Sep 2024) to ₹81.78 Cr., marking an increase of 11.16 Cr..
For Expenses, as of Dec 2024, the value is ₹80.97 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 69.86 Cr. (Sep 2024) to ₹80.97 Cr., marking an increase of 11.11 Cr..
For Operating Profit, as of Dec 2024, the value is ₹0.81 Cr.. The value appears strong and on an upward trend. It has increased from 0.76 Cr. (Sep 2024) to ₹0.81 Cr., marking an increase of 0.05 Cr..
For OPM %, as of Dec 2024, the value is 0.99%. The value appears to be declining and may need further review. It has decreased from 1.08% (Sep 2024) to 0.99%, marking a decrease of 0.09%.
For Other Income, as of Dec 2024, the value is ₹4.72 Cr.. The value appears strong and on an upward trend. It has increased from 3.49 Cr. (Sep 2024) to ₹4.72 Cr., marking an increase of 1.23 Cr..
For Interest, as of Dec 2024, the value is ₹0.03 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.06 Cr. (Sep 2024) to ₹0.03 Cr., marking a decrease of 0.03 Cr..
For Depreciation, as of Dec 2024, the value is ₹0.71 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 0.76 Cr. (Sep 2024) to ₹0.71 Cr., marking a decrease of 0.05 Cr..
For Profit before tax, as of Dec 2024, the value is ₹4.79 Cr.. The value appears strong and on an upward trend. It has increased from 3.43 Cr. (Sep 2024) to ₹4.79 Cr., marking an increase of 1.36 Cr..
For Tax %, as of Dec 2024, the value is 17.12%. The value appears to be improving (decreasing) as expected. It has decreased from 54.52% (Sep 2024) to 17.12%, marking a decrease of 37.40%.
For Net Profit, as of Dec 2024, the value is ₹3.97 Cr.. The value appears strong and on an upward trend. It has increased from 1.56 Cr. (Sep 2024) to ₹3.97 Cr., marking an increase of 2.41 Cr..
For EPS in Rs, as of Dec 2024, the value is 0.49. The value appears strong and on an upward trend. It has increased from 0.19 (Sep 2024) to 0.49, marking an increase of 0.30.

Overall, while many items appear to show a positive trend, any significant downward movement warrant further investigation.

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: March 6, 2025, 2:27 pm

Metric	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	436	468	498	448	368	327	392	334	280	303	427	297	278
Expenses	394	418	465	403	331	295	364	308	232	294	390	284	270
Operating Profit	42	50	34	44	38	31	28	27	48	9	36	13	8
OPM %	10%	11%	7%	10%	10%	10%	7%	8%	17%	3%	8%	5%	3%
Other Income	8	21	16	22	25	21	25	27	15	14	13	14	16
Interest	1	1	0	0	0	1	0	0	1	0	0	0	0
Depreciation	11	11	5	4	5	5	5	5	5	5	5	6	4
Profit before tax	38	59	45	62	57	47	47	48	57	17	43	21	20
Tax %	36%	26%	25%	34%	28%	17%	26%	3%	25%	16%	24%	18%
Net Profit	24	44	33	41	41	39	34	46	43	15	33	18	15
EPS in Rs	2.58	4.70	3.59	4.38	5.12	4.80	4.29	5.76	5.34	1.81	4.09	2.18	1.88
Dividend Payout %	0%	0%	28%	114%	29%	42%	58%	0%	0%	1,380%	61%	92%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2013-2014	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	83.33%	-25.00%	24.24%	0.00%	-4.88%	-12.82%	35.29%	-6.52%	-65.12%	120.00%	-45.45%
Change in YoY Net Profit Growth (%)	0.00%	-108.33%	49.24%	-24.24%	-4.88%	-7.94%	48.11%	-41.82%	-58.59%	185.12%	-165.45%

Vardhman Acrylics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	-4%
5 Years:	-5%
3 Years:	2%
TTM:	-10%

Compounded Profit Growth
10 Years:	-7%
5 Years:	-13%
3 Years:	-26%
TTM:	-6%

Stock Price CAGR
10 Years:	6%
5 Years:	11%
3 Years:	-7%
1 Year:	-21%

Return on Equity
10 Years:	11%
5 Years:	10%
3 Years:	8%
Last Year:	7%

Last Updated: Unknown

Balance Sheet

Last Updated: March 14, 2025, 2:35 pm

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	95	93	93	93	80	80	80	80	80	80	80	80	80
Reserves	165	208	228	225	215	239	253	275	318	132	165	163	152
Borrowings	4	2	1	1	1	1	1	1	0	3	0	1	-0
Other Liabilities	55	82	108	77	127	92	119	96	86	87	97	84	75
Total Liabilities	319	385	430	395	423	413	453	453	485	302	342	328	308
Fixed Assets	86	75	72	61	58	55	52	64	59	56	54	56	58
CWIP	0	3	2	0	0	0	0	0	0	0	4	0	0
Investments	135	194	263	256	248	260	284	160	232	134	172	169	151
Other Assets	98	113	92	78	117	99	118	229	194	112	112	103	98
Total Assets	319	385	430	395	423	413	453	453	485	302	342	328	308

Below is a detailed analysis of the balance sheet data for Vardhman Acrylics Ltd based on the most recent figures (Sep 2024) and their trends compared to the previous period:

For Equity Capital, as of Sep 2024, the value is ₹80.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 80.00 Cr..
For Reserves, as of Sep 2024, the value is ₹152.00 Cr.. The value appears to be declining and may need further review. It has decreased from 163.00 Cr. (Mar 2024) to ₹152.00 Cr., marking a decrease of 11.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹0.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 1.00 Cr. (Mar 2024) to ₹0.00 Cr., marking a decrease of 1.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹75.00 Cr.. The value appears to be improving (decreasing). It has decreased from 84.00 Cr. (Mar 2024) to ₹75.00 Cr., marking a decrease of 9.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹308.00 Cr.. The value appears to be improving (decreasing). It has decreased from 328.00 Cr. (Mar 2024) to ₹308.00 Cr., marking a decrease of 20.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹58.00 Cr.. The value appears strong and on an upward trend. It has increased from 56.00 Cr. (Mar 2024) to ₹58.00 Cr., marking an increase of 2.00 Cr..
For CWIP, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 0.00 Cr..
For Investments, as of Sep 2024, the value is ₹151.00 Cr.. The value appears to be declining and may need further review. It has decreased from 169.00 Cr. (Mar 2024) to ₹151.00 Cr., marking a decrease of 18.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹98.00 Cr.. The value appears to be declining and may need further review. It has decreased from 103.00 Cr. (Mar 2024) to ₹98.00 Cr., marking a decrease of 5.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹308.00 Cr.. The value appears to be declining and may need further review. It has decreased from 328.00 Cr. (Mar 2024) to ₹308.00 Cr., marking a decrease of 20.00 Cr..

Notably, the Reserves (₹152.00 Cr.) exceed the Borrowings (0.00 Cr.), indicating a solid financial buffer.

Overall, while many items appear to show a positive trend, any significant downward movement or items where Borrowings exceed Reserves warrant further investigation.

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	24	43	55	23	42	3	26	4	39	-9	39	8
Cash from Investing Activity +	3	-44	-58	43	30	7	-8	80	-83	190	-37	12
Cash from Financing Activity +	-20	-5	-1	-68	-63	-15	-20	-24	-1	-198	-3	-20
Net Cash Flow	7	-6	-3	-2	8	-5	-2	61	-44	-17	-1	0

Free Cash Flow

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	38.00	48.00	33.00	43.00	37.00	30.00	27.00	26.00	48.00	6.00	36.00	12.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	2	8	1	2	5	23	15	10	20	13	11	20
Inventory Days	72	78	63	62	123	85	94	92	139	121	108	141
Days Payable	31	45	60	37	100	66	84	83	89	75	70	81
Cash Conversion Cycle	43	41	5	27	28	41	24	20	69	59	49	80
Working Capital Days	42	32	-2	12	-5	11	4	-1	21	32	15	26
ROCE %	15%	18%	12%	19%	19%	15%	14%	14%	15%	6%	19%	9%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024
Promoters	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%	74.97%
FIIs	0.00%	0.00%	0.38%	0.14%	0.13%	0.13%	0.14%	0.13%	0.16%	0.18%	0.19%	0.13%
DIIs	0.45%	0.37%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	24.58%	24.66%	24.64%	24.89%	24.90%	24.90%	24.89%	24.90%	24.87%	24.85%	24.83%	24.90%
No. of Shareholders	25,144	27,285	28,087	29,185	29,204	29,050	28,152	28,761	29,292	28,732	28,037	28,061

Shareholding Pattern Chart

No. of Shareholders

This stock is not held by any mutual fund

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	2.18	4.09	1.81	5.34	5.76
Diluted EPS (Rs.)	2.18	4.09	1.81	5.34	5.76
Cash EPS (Rs.)	2.88	4.77	2.48	6.01	6.41
Book Value[Excl.RevalReserv]/Share (Rs.)	30.23	30.53	26.42	49.57	44.23
Book Value[Incl.RevalReserv]/Share (Rs.)	30.23	30.53	26.42	49.57	44.23
Dividend / Share (Rs.)	2.00	2.50	25.00	0.00	0.00
Revenue From Operations / Share (Rs.)	37.02	53.09	37.74	34.87	41.61
PBDIT / Share (Rs.)	3.39	6.08	2.89	7.85	6.64
PBIT / Share (Rs.)	2.69	5.40	2.22	7.17	5.99
PBT / Share (Rs.)	2.66	5.36	2.17	7.11	5.95
Net Profit / Share (Rs.)	2.18	4.09	1.81	5.34	5.76
PBDIT Margin (%)	9.16	11.45	7.66	22.50	15.96
PBIT Margin (%)	7.27	10.17	5.87	20.57	14.40
PBT Margin (%)	7.17	10.10	5.74	20.38	14.31
Net Profit Margin (%)	5.89	7.70	4.79	15.31	13.83
Return on Networth / Equity (%)	7.21	13.39	6.85	10.77	13.01
Return on Capital Employeed (%)	8.64	17.15	8.08	14.08	13.13
Return On Assets (%)	5.34	9.60	4.81	8.84	10.20
Total Debt / Equity (X)	0.00	0.00	0.01	0.00	0.00
Asset Turnover Ratio (%)	0.88	1.32	0.77	0.59	0.73
Current Ratio (X)	2.33	2.23	2.31	4.91	3.53
Quick Ratio (X)	1.37	1.30	1.37	4.07	2.83
Inventory Turnover Ratio (X)	2.47	3.47	3.36	2.67	3.47
Dividend Payout Ratio (NP) (%)	114.57	0.00	1379.91	0.00	0.00
Dividend Payout Ratio (CP) (%)	86.72	0.00	1005.82	0.00	0.00
Earning Retention Ratio (%)	-14.57	0.00	-1279.91	0.00	0.00
Cash Earning Retention Ratio (%)	13.28	0.00	-905.82	0.00	0.00
Interest Coverage Ratio (X)	95.11	166.14	59.53	118.92	179.92
Interest Coverage Ratio (Post Tax) (X)	62.16	112.69	38.30	81.94	156.93
Enterprise Value (Cr.)	407.41	346.23	429.38	192.73	91.80
EV / Net Operating Revenue (X)	1.37	0.81	1.42	0.68	0.27
EV / EBITDA (X)	14.94	7.08	18.48	3.06	1.72
MarketCap / Net Operating Revenue (X)	1.38	0.81	1.42	1.05	0.64
Retention Ratios (%)	-14.57	0.00	-1279.91	0.00	0.00
Price / BV (X)	1.69	1.42	2.03	0.73	0.60
Price / Net Operating Revenue (X)	1.38	0.81	1.42	1.05	0.64
EarningsYield	0.04	0.09	0.03	0.14	0.21

After reviewing the key financial ratios for Vardhman Acrylics Ltd, here is a detailed analysis based on the latest available data and recent trends:

For FaceValue, as of Mar 24, the value is 10.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 10.00.
For Basic EPS (Rs.), as of Mar 24, the value is 2.18. This value is below the healthy minimum of 5. It has decreased from 4.09 (Mar 23) to 2.18, marking a decrease of 1.91.
For Diluted EPS (Rs.), as of Mar 24, the value is 2.18. This value is below the healthy minimum of 5. It has decreased from 4.09 (Mar 23) to 2.18, marking a decrease of 1.91.
For Cash EPS (Rs.), as of Mar 24, the value is 2.88. This value is below the healthy minimum of 3. It has decreased from 4.77 (Mar 23) to 2.88, marking a decrease of 1.89.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 30.23. It has decreased from 30.53 (Mar 23) to 30.23, marking a decrease of 0.30.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 30.23. It has decreased from 30.53 (Mar 23) to 30.23, marking a decrease of 0.30.
For Dividend / Share (Rs.), as of Mar 24, the value is 2.00. This value is within the healthy range. It has decreased from 2.50 (Mar 23) to 2.00, marking a decrease of 0.50.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 37.02. It has decreased from 53.09 (Mar 23) to 37.02, marking a decrease of 16.07.
For PBDIT / Share (Rs.), as of Mar 24, the value is 3.39. This value is within the healthy range. It has decreased from 6.08 (Mar 23) to 3.39, marking a decrease of 2.69.
For PBIT / Share (Rs.), as of Mar 24, the value is 2.69. This value is within the healthy range. It has decreased from 5.40 (Mar 23) to 2.69, marking a decrease of 2.71.
For PBT / Share (Rs.), as of Mar 24, the value is 2.66. This value is within the healthy range. It has decreased from 5.36 (Mar 23) to 2.66, marking a decrease of 2.70.
For Net Profit / Share (Rs.), as of Mar 24, the value is 2.18. This value is within the healthy range. It has decreased from 4.09 (Mar 23) to 2.18, marking a decrease of 1.91.
For PBDIT Margin (%), as of Mar 24, the value is 9.16. This value is below the healthy minimum of 10. It has decreased from 11.45 (Mar 23) to 9.16, marking a decrease of 2.29.
For PBIT Margin (%), as of Mar 24, the value is 7.27. This value is below the healthy minimum of 10. It has decreased from 10.17 (Mar 23) to 7.27, marking a decrease of 2.90.
For PBT Margin (%), as of Mar 24, the value is 7.17. This value is below the healthy minimum of 10. It has decreased from 10.10 (Mar 23) to 7.17, marking a decrease of 2.93.
For Net Profit Margin (%), as of Mar 24, the value is 5.89. This value is within the healthy range. It has decreased from 7.70 (Mar 23) to 5.89, marking a decrease of 1.81.
For Return on Networth / Equity (%), as of Mar 24, the value is 7.21. This value is below the healthy minimum of 15. It has decreased from 13.39 (Mar 23) to 7.21, marking a decrease of 6.18.
For Return on Capital Employeed (%), as of Mar 24, the value is 8.64. This value is below the healthy minimum of 10. It has decreased from 17.15 (Mar 23) to 8.64, marking a decrease of 8.51.
For Return On Assets (%), as of Mar 24, the value is 5.34. This value is within the healthy range. It has decreased from 9.60 (Mar 23) to 5.34, marking a decrease of 4.26.
For Total Debt / Equity (X), as of Mar 24, the value is 0.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.88. It has decreased from 1.32 (Mar 23) to 0.88, marking a decrease of 0.44.
For Current Ratio (X), as of Mar 24, the value is 2.33. This value is within the healthy range. It has increased from 2.23 (Mar 23) to 2.33, marking an increase of 0.10.
For Quick Ratio (X), as of Mar 24, the value is 1.37. This value is within the healthy range. It has increased from 1.30 (Mar 23) to 1.37, marking an increase of 0.07.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 2.47. This value is below the healthy minimum of 4. It has decreased from 3.47 (Mar 23) to 2.47, marking a decrease of 1.00.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 114.57. This value exceeds the healthy maximum of 50. It has increased from 0.00 (Mar 23) to 114.57, marking an increase of 114.57.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 86.72. This value exceeds the healthy maximum of 50. It has increased from 0.00 (Mar 23) to 86.72, marking an increase of 86.72.
For Earning Retention Ratio (%), as of Mar 24, the value is -14.57. This value is below the healthy minimum of 40. It has decreased from 0.00 (Mar 23) to -14.57, marking a decrease of 14.57.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 13.28. This value is below the healthy minimum of 40. It has increased from 0.00 (Mar 23) to 13.28, marking an increase of 13.28.
For Interest Coverage Ratio (X), as of Mar 24, the value is 95.11. This value is within the healthy range. It has decreased from 166.14 (Mar 23) to 95.11, marking a decrease of 71.03.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 62.16. This value is within the healthy range. It has decreased from 112.69 (Mar 23) to 62.16, marking a decrease of 50.53.
For Enterprise Value (Cr.), as of Mar 24, the value is 407.41. It has increased from 346.23 (Mar 23) to 407.41, marking an increase of 61.18.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.37. This value is within the healthy range. It has increased from 0.81 (Mar 23) to 1.37, marking an increase of 0.56.
For EV / EBITDA (X), as of Mar 24, the value is 14.94. This value is within the healthy range. It has increased from 7.08 (Mar 23) to 14.94, marking an increase of 7.86.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.38. This value is within the healthy range. It has increased from 0.81 (Mar 23) to 1.38, marking an increase of 0.57.
For Retention Ratios (%), as of Mar 24, the value is -14.57. This value is below the healthy minimum of 30. It has decreased from 0.00 (Mar 23) to -14.57, marking a decrease of 14.57.
For Price / BV (X), as of Mar 24, the value is 1.69. This value is within the healthy range. It has increased from 1.42 (Mar 23) to 1.69, marking an increase of 0.27.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.38. This value is within the healthy range. It has increased from 0.81 (Mar 23) to 1.38, marking an increase of 0.57.
For EarningsYield, as of Mar 24, the value is 0.04. This value is below the healthy minimum of 5. It has decreased from 0.09 (Mar 23) to 0.04, marking a decrease of 0.05.

Overall, while many metrics show healthy performance, any figures highlighted in red or significant downward trends warrant further investigation.

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of Vardhman Acrylics Ltd as of April 4, 2025 is: 38.34

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of April 4, 2025, Vardhman Acrylics Ltd is Overvalued by 6.94% compared to the current share price 41.20

Intrinsic Value of Vardhman Acrylics Ltd as of April 4, 2025 is: 31.12

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of April 4, 2025, Vardhman Acrylics Ltd is Overvalued by 24.47% compared to the current share price 41.20

Last 5 Year EPS CAGR: -18.84%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Working Capital Days of 15.58, which is a positive sign. The company has higher reserves (210.62 cr) compared to borrowings (1.23 cr), indicating strong financial stability. The company has shown consistent growth in sales (373.54 cr) and profit (43.15 cr) over the years.	The stock has a low average ROCE of 14.58%, which may not be favorable. The stock has a high average Cash Conversion Cycle of 40.50, which may not be favorable.

Stock Analysis

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in Vardhman Acrylics Ltd:
1. Net Profit Margin: 5.89%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 8.64% (Industry Average ROCE: 8.89%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 7.21% (Industry Average ROE: 7.23%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 62.16
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 1.37
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 21.8 (Industry average Stock P/E: 21.8)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Vardhman Acrylics Ltd. is a Public Limited Listed company incorporated on 24/12/1990 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L51491PB1990PLC019212 and registration number is 019212. Currently Company is involved in the business activities of Spinning, weaving and finishing of textiles. Company's Total Operating Revenue is Rs. 297.48 Cr. and Equity Capital is Rs. 80.36 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Textiles - Manmade Fibre - Acrylic Fibre	Vardhman Premises, Chandigarh Road, Ludhiana Punjab 141010	secretarial.lud@vardhman.com http://www.vardhman.com

Management
Name	Position Held
Mr. Shri Paul Oswal	Chairman
Mr. Bal Krishan Choudhary	Vice Chairman
Mr. Sachit Jain	Director
Mrs. Suchita Jain	Director
Mr. Vivek Gupta	Whole Time Director
Mr. Anil Kumar	Independent Director
Ms. Parakh Oswal	Independent Director
Mr. Bhooshan Lal Uppal	Independent Director
Mr. Sandeep Kapur	Independent Director
Mr. Sanjeev Jain	Independent Director

FAQ

What is the intrinsic value of Vardhman Acrylics Ltd?

Vardhman Acrylics Ltd's intrinsic value (as of 04 April 2025) is ₹38.34 — 6.94% lower the current market price of ₹41.20, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 331 Cr. market cap, FY2025-2026 high/low of ₹69.3/38.8, reserves of 152 Cr, and liabilities of 308 Cr.

What is the Market Cap of Vardhman Acrylics Ltd?

The Market Cap of Vardhman Acrylics Ltd is 331 Cr..

What is the current Stock Price of Vardhman Acrylics Ltd as on 04 April 2025?

The current stock price of Vardhman Acrylics Ltd as on 04 April 2025 is 41.2.

What is the High / Low of Vardhman Acrylics Ltd stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Vardhman Acrylics Ltd stocks is ₹69.3/38.8.

What is the Stock P/E of Vardhman Acrylics Ltd?

The Stock P/E of Vardhman Acrylics Ltd is 21.8.

What is the Book Value of Vardhman Acrylics Ltd?

The Book Value of Vardhman Acrylics Ltd is 29.0.

What is the Dividend Yield of Vardhman Acrylics Ltd?

The Dividend Yield of Vardhman Acrylics Ltd is 4.85 %.

What is the ROCE of Vardhman Acrylics Ltd?

The ROCE of Vardhman Acrylics Ltd is 8.89 %.

What is the ROE of Vardhman Acrylics Ltd?

The ROE of Vardhman Acrylics Ltd is 7.23 %.

What is the Face Value of Vardhman Acrylics Ltd?

The Face Value of Vardhman Acrylics Ltd is 10.0.