Vardhman Acrylics Ltd: Intrinsic Value & Share Price Analysis

Q: What is the current share price and 52-week range of Vardhman Acrylics Ltd?

Vardhman Acrylics Ltd is trading at 29.40 as of 24 April 2026, with a FY2026-2027 high of 54.2 and low of 27.0. The stock is currently near its 52-week low. Market cap stands at 236 Cr..

Q: Is Vardhman Acrylics Ltd financially healthy?

Key indicators: ROCE of 6.68 % is on the lower side. Dividend yield is 5.10 %.

Q: Is Vardhman Acrylics Ltd profitable and how is the profit trend?

Vardhman Acrylics Ltd reported a net profit of 12 Cr in Mar 2025 on revenue of 282 Cr. Compared to 15 Cr in Mar 2022, the net profit shows a declining trend.

Fair Value

₹20.29Overvalued by 30.99%vs CMP ₹29.40

P/E (17.3) × ROE (4.9%) × BV (₹28.70) × DY (5.10%)

₹23.01Overvalued by 21.73%vs CMP ₹29.40

MoS: -27.8% (Negative)Confidence: 48/100 (Moderate)Models: 3 Under, 1 Fair, 5 Over

Model	Category	Value	Weight	Signal
PE-ROE	Earnings	₹20.01	23%	Over (-31.9%)
Graham Number	Earnings	₹33.04	16%	Under (+12.4%)
Earnings Power	Earnings	₹20.24	11%	Over (-31.2%)
DCF	Cash Flow	₹18.60	14%	Over (-36.7%)
Net Asset Value	Assets	₹28.65	7%	Fair (-2.6%)
EV/EBITDA	Enterprise	₹6.98	9%	Over (-76.3%)
Earnings Yield	Earnings	₹16.90	7%	Over (-42.5%)
ROCE Capital	Returns	₹33.62	7%	Under (+14.4%)
Revenue Multiple	Revenue	₹35.13	5%	Under (+19.5%)
Consensus (9 models)		₹23.01	100%	Overvalued

Key Drivers: ROE 4.9% is below cost of equity. | Wide model spread (₹7–₹35) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -1.4%

*Investments are subject to market risks

Analyst Summary

Vardhman Acrylics Ltd operates in the Textiles - Manmade Fibre - Acrylic Fibre segment, current market price is ₹29.40, market cap is 236 Cr.. At a glance, stock P/E is 17.3, ROE is 4.86 %, ROCE is 6.68 %, book value is 28.7, dividend yield is 5.10 %. The latest intrinsic value estimate is ₹23.01, around 21.7% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹282 Cr versus the prior period change of -5.1%, while latest net profit is about ₹12 Cr with a prior-period change of -33.3%. The 52-week range shown on this page is 54.2/27.0, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisVardhman 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 L514…

This summary is generated from the stock page data available for Vardhman Acrylics Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

Vardhman Acrylics Ltd scores 50/100 (Average)

Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison

Stock Health58/100 · Moderate

ROCE 6.7% WeakROE 4.9% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent

Smart Money50/100 · Moderate

FII holding stable No changePromoter holding at 75.0% Stable

Earnings Quality40/100 · Moderate

OPM stable around 3% SteadyWorking capital: 157 days Capital intensive

Quarterly Momentum60/100 · Moderate

Revenue (4Q): +11% YoY GrowingProfit (4Q): -10% YoY DecliningOPM: 9.3% (up 8.3% YoY) Margin expansion

Industry Rank40/100 · Moderate

P/E 17.3 vs industry 17.3 In-lineROCE 6.7% vs industry 6.7% Average3Y sales CAGR: -2% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:53 am

Market Cap	236 Cr.
Current Price	29.4
Intrinsic Value	₹23.01
High / Low	54.2/27.0
Stock P/E	17.3
Book Value	28.7
Dividend Yield	5.10 %
ROCE	6.68 %
ROE	4.86 %
Face Value	10.0
PEG Ratio	-12.70

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

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Vardhman Acrylics Ltd	236 Cr.	29.4	54.2/27.0	17.3	28.7	5.10 %	6.68 %	4.86 %	10.0
Industry Average	236.00 Cr	29.40		17.30	28.70	5.10%	6.68%	4.86%	10.00

All Competitor Stocks of Vardhman Acrylics Ltd

Quarterly Result

Metric	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
Sales	108.18	80.60	80.80	86.41	61.89	68.38	57.05	70.62	81.78	72.11	69.39	89.40	76.28
Expenses	96.73	77.39	82.30	81.09	57.02	63.82	54.91	69.86	80.97	72.12	70.02	89.23	69.19
Operating Profit	11.45	3.21	-1.50	5.32	4.87	4.56	2.14	0.76	0.81	-0.01	-0.63	0.17	7.09
OPM %	10.58%	3.98%	-1.86%	6.16%	7.87%	6.67%	3.75%	1.08%	0.99%	-0.01%	-0.91%	0.19%	9.29%
Other Income	3.67	3.31	3.54	3.95	2.96	3.58	4.09	3.49	4.72	3.31	3.66	3.83	3.39
Interest	0.07	0.07	0.06	0.07	0.03	0.13	0.06	0.06	0.03	0.10	0.04	0.03	0.07
Depreciation	1.39	1.36	1.40	1.42	1.46	1.36	0.73	0.76	0.71	0.80	0.69	0.73	0.77
Profit before tax	13.66	5.09	0.58	7.78	6.34	6.65	5.44	3.43	4.79	2.40	2.30	3.24	9.64
Tax %	24.30%	22.99%	20.69%	20.57%	11.67%	20.45%	20.22%	54.52%	17.12%	18.33%	23.91%	22.84%	23.13%
Net Profit	10.34	3.92	0.46	6.18	5.60	5.29	4.34	1.56	3.97	1.96	1.75	2.50	7.41
EPS in Rs	1.29	0.49	0.06	0.77	0.70	0.66	0.54	0.19	0.49	0.24	0.22	0.31	0.92

Last Updated: February 3, 2026, 4:46 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 9:10 am

Metric	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	TTM
Sales	468	498	448	368	327	392	334	280	303	427	297	282	307
Expenses	418	465	403	331	295	364	308	232	294	390	284	278	301
Operating Profit	50	34	44	38	31	28	27	48	9	36	13	4	7
OPM %	11%	7%	10%	10%	10%	7%	8%	17%	3%	8%	5%	1%	2%
Other Income	21	16	22	25	21	25	27	15	14	13	14	16	14
Interest	1	0	0	0	1	0	0	1	0	0	0	0	0
Depreciation	11	5	4	5	5	5	5	5	5	5	6	3	3
Profit before tax	59	45	62	57	47	47	48	57	17	43	21	16	18
Tax %	26%	25%	34%	28%	17%	26%	3%	25%	16%	24%	18%	26%
Net Profit	44	33	41	41	39	34	46	43	15	33	18	12	14
EPS in Rs	4.70	3.59	4.38	5.12	4.80	4.29	5.76	5.34	1.81	4.09	2.18	1.47	1.69
Dividend Payout %	0%	28%	114%	29%	42%	58%	0%	0%	1,380%	61%	92%	102%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2014-2015	2015-2016	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024	2024-2025
YoY Net Profit Growth (%)	-25.00%	24.24%	0.00%	-4.88%	-12.82%	35.29%	-6.52%	-65.12%	120.00%	-45.45%	-33.33%
Change in YoY Net Profit Growth (%)	0.00%	49.24%	-24.24%	-4.88%	-7.94%	48.11%	-41.82%	-58.59%	185.12%	-165.45%	12.12%

Vardhman Acrylics Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:	-6%
5 Years:	-3%
3 Years:	-2%
TTM:	7%

Compounded Profit Growth
10 Years:	-8%
5 Years:	-24%
3 Years:	-7%
TTM:	-57%

Stock Price CAGR
10 Years:	6%
5 Years:	7%
3 Years:	-7%
1 Year:	-26%

Return on Equity
10 Years:	11%
5 Years:	9%
3 Years:	9%
Last Year:	5%

Last Updated: September 5, 2025, 1:50 pm

Balance Sheet

Last Updated: February 1, 2026, 4:07 am

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Sep 2025
Equity Capital	93	93	93	80	80	80	80	80	80	80	80	80	80
Reserves	208	228	225	215	239	253	275	318	132	165	163	158	150
Borrowings	2	1	1	1	1	1	1	0	3	0	1	0	0
Other Liabilities	82	108	77	127	92	119	96	86	87	97	84	110	108
Total Liabilities	385	430	395	423	413	453	453	485	302	342	328	349	339
Fixed Assets	75	72	61	58	55	52	64	59	56	54	56	58	59
CWIP	3	2	0	0	0	0	0	0	0	4	0	0	2
Investments	194	263	256	248	260	284	160	232	134	172	169	186	136
Other Assets	113	92	78	117	99	118	229	194	112	112	103	105	142
Total Assets	385	430	395	423	413	453	453	485	302	342	328	349	339

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Cash from Operating Activity +	43	55	23	42	3	26	4	39	-9	39	7	26
Cash from Investing Activity +	-44	-58	43	30	7	-8	80	-83	190	-37	12	-9
Cash from Financing Activity +	-5	-1	-68	-63	-15	-20	-24	-1	-198	-3	-20	-17
Net Cash Flow	-6	-3	-2	8	-5	-2	61	-44	-17	-1	0	-0
Free Cash Flow	39	51	20	41	2	23	-2	39	-12	31	4	21
CFO/OP	107%	203%	84%	114%	62%	137%	48%	111%	-18%	135%	92%	753%

Free Cash Flow

Month	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Free Cash Flow	48.00	33.00	43.00	37.00	30.00	27.00	26.00	48.00	6.00	36.00	12.00	4.00

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 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025
Debtor Days	8	1	2	5	23	15	10	20	13	11	20	11
Inventory Days	78	63	62	123	85	94	92	139	121	108	141	149
Days Payable	45	60	37	100	66	84	83	89	75	70	81	124
Cash Conversion Cycle	41	5	27	28	41	24	20	69	59	49	80	37
Working Capital Days	31	-2	11	-5	9	4	-2	21	29	15	25	157
ROCE %	18%	12%	19%	19%	15%	14%	14%	15%	6%	19%	9%	7%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025
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	0.13%	0.13%	0.14%	0.13%	0.16%	0.18%	0.19%	0.13%	0.13%	0.14%	0.02%	0.02%
Public	24.90%	24.90%	24.89%	24.90%	24.87%	24.85%	24.83%	24.90%	24.90%	24.89%	25.01%	25.01%
No. of Shareholders	29,204	29,050	28,152	28,761	29,292	28,732	28,037	28,061	28,291	28,216	28,026	28,074

Shareholding Pattern Chart

No. of Shareholders

Vardhman Acrylics Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 25	Mar 24	Mar 23	Mar 22	Mar 21
FaceValue	10.00	10.00	10.00	10.00	10.00
Basic EPS (Rs.)	1.47	2.18	4.09	1.81	5.34
Diluted EPS (Rs.)	1.47	2.18	4.09	1.81	5.34
Cash EPS (Rs.)	1.84	2.88	4.77	2.48	6.01
Book Value[Excl.RevalReserv]/Share (Rs.)	29.70	30.23	30.53	26.42	49.57
Book Value[Incl.RevalReserv]/Share (Rs.)	29.70	30.23	30.53	26.42	49.57
Dividend / Share (Rs.)	1.50	2.00	2.50	25.00	0.00
Revenue From Operations / Share (Rs.)	35.04	37.02	53.09	37.74	34.87
PBDIT / Share (Rs.)	2.40	3.39	6.08	2.89	7.85
PBIT / Share (Rs.)	2.03	2.69	5.40	2.22	7.17
PBT / Share (Rs.)	2.00	2.66	5.36	2.17	7.11
Net Profit / Share (Rs.)	1.47	2.18	4.09	1.81	5.34
PBDIT Margin (%)	6.85	9.16	11.45	7.66	22.50
PBIT Margin (%)	5.78	7.27	10.17	5.87	20.57
PBT Margin (%)	5.70	7.17	10.10	5.74	20.38
Net Profit Margin (%)	4.19	5.89	7.70	4.79	15.31
Return on Networth / Equity (%)	4.95	7.21	13.39	6.85	10.77
Return on Capital Employeed (%)	6.54	8.64	17.15	8.08	14.08
Return On Assets (%)	3.39	5.34	9.60	4.81	8.84
Total Debt / Equity (X)	0.00	0.00	0.00	0.01	0.00
Asset Turnover Ratio (%)	0.83	0.88	1.32	0.77	0.59
Current Ratio (X)	2.25	2.33	2.23	2.31	4.91
Quick Ratio (X)	1.44	1.37	1.30	1.37	4.07
Inventory Turnover Ratio (X)	3.61	3.76	3.47	3.36	2.67
Dividend Payout Ratio (NP) (%)	135.96	114.57	0.00	1379.91	0.00
Dividend Payout Ratio (CP) (%)	108.43	86.72	0.00	1005.82	0.00
Earning Retention Ratio (%)	-35.96	-14.57	0.00	-1279.91	0.00
Cash Earning Retention Ratio (%)	-8.43	13.28	0.00	-905.82	0.00
Interest Coverage Ratio (X)	77.48	95.11	166.14	59.53	118.92
Interest Coverage Ratio (Post Tax) (X)	48.46	62.16	112.69	38.30	81.94
Enterprise Value (Cr.)	320.13	407.41	346.23	429.38	192.73
EV / Net Operating Revenue (X)	1.14	1.37	0.81	1.42	0.68
EV / EBITDA (X)	16.59	14.94	7.08	18.48	3.06
MarketCap / Net Operating Revenue (X)	1.15	1.38	0.81	1.42	1.05
Retention Ratios (%)	-35.96	-14.57	0.00	-1279.91	0.00
Price / BV (X)	1.36	1.69	1.42	2.03	0.73
Price / Net Operating Revenue (X)	1.15	1.38	0.81	1.42	1.05
EarningsYield	0.03	0.04	0.09	0.03	0.14

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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. 281.57 Cr. and Equity Capital is Rs. 80.36 Cr. for the Year ended 31/03/2025.

INDUSTRY	ADDRESS	CONTACT
Textiles - Manmade Fibre - Acrylic Fibre	Vardhman Premises, Chandigarh Road, Ludhiana Punjab 141010	Contact not found

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 and is it undervalued?

As of 24 April 2026, Vardhman Acrylics Ltd's intrinsic value is ₹23.01, which is 21.73% lower than the current market price of ₹29.40, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (4.86 %), book value (₹28.7), dividend yield (5.10 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Vardhman Acrylics Ltd?

Vardhman Acrylics Ltd is trading at ₹29.40 as of 24 April 2026, with a FY2026-2027 high of ₹54.2 and low of ₹27.0. The stock is currently near its 52-week low. Market cap stands at ₹236 Cr..

How does Vardhman Acrylics Ltd's P/E ratio compare to its industry?

Vardhman Acrylics Ltd has a P/E ratio of 17.3, which is below the industry average of 17.30. This is broadly in line with or below the industry average.

Is Vardhman Acrylics Ltd financially healthy?

Key indicators for Vardhman Acrylics Ltd: ROCE of 6.68 % is on the lower side compared to the industry average of 6.68%; ROE of 4.86 % is below ideal levels (industry average: 4.86%). Dividend yield is 5.10 %.

Is Vardhman Acrylics Ltd profitable and how is the profit trend?

Vardhman Acrylics Ltd reported a net profit of ₹12 Cr in Mar 2025 on revenue of ₹282 Cr. Compared to ₹15 Cr in Mar 2022, the net profit shows a declining trend.

Does Vardhman Acrylics Ltd pay dividends?

Vardhman Acrylics Ltd has a dividend yield of 5.10 % at the current price of ₹29.40. This is a relatively attractive yield for income-seeking investors.