Vardhman Holdings Ltd: Share Price Analysis, Intrinsic Value & Fundamentals (2025)

Share Price and Basic Stock Data

Last Updated: March 8, 2025, 10:04 am

Market Cap	989 Cr.
Current Price	3,099
High / Low	5,760/2,706
Stock P/E	4.10
Book Value	10,984
Dividend Yield	0.16 %
ROCE	6.07 %
ROE	5.78 %
Face Value	10.0
PEG Ratio	0.68

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Vardhman Holdings Ltd

Competitors of Vardhman Holdings Ltd

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
MKVentures Capital Ltd	526 Cr.	1,369	2,800/1,212	25.6	267	0.07 %	20.6 %	33.6 %	10.0
Modern Shares & Stockbrokers Ltd	13.4 Cr.	45.9	69.4/30.0	38.4	43.9	0.00 %	4.33 %	3.24 %	10.0
Monarch Networth Capital Ltd	2,520 Cr.	321	501/226	16.2	93.0	0.16 %	51.8 %	43.4 %	10.0
Monotype India Ltd	52.0 Cr.	0.74	2.42/0.54	6.51	0.13	0.00 %	438 %	%	1.00
Multipurpose Trading & Agencies Ltd	5.19 Cr.	10.5	13.3/7.81	27.3	10.2	0.00 %	4.44 %	3.91 %	10.0
Industry Average	6,181.68 Cr	1,360.78		77.75	5,211.95	0.36%	18.12%	16.77%	7.38

All Competitor Stocks of Vardhman Holdings 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	10	6	5	2	4	-5	6	30	8	0	7	7	7
Expenses	1	1	1	1	1	2	0	1	0	3	1	3	1
Operating Profit	9	5	3	1	4	-7	5	30	7	-3	5	5	5
OPM %	87%	86%	74%	68%	83%		92%	98%	95%	-3,786%	81%	66%	79%
Other Income	118	91	91	57	30	46	40	39	47	28	69	57	61
Interest	0	0	0	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0	0	0	0
Profit before tax	127	96	94	59	33	39	45	69	54	26	74	62	66
Tax %	14%	2%	1%	-3%	0%	-6%	3%	10%	2%	1%	2%	20%	1%
Net Profit	109	94	94	61	33	41	44	62	54	26	73	49	66
EPS in Rs	340.72	293.72	294.60	189.60	103.71	127.87	137.21	194.05	167.95	80.15	229.14	154.72	206.05

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

Below is a detailed analysis of the quarterly data for Vardhman Holdings 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 ₹7.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 7.00 Cr..
For Expenses, as of Dec 2024, the value is ₹1.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 3.00 Cr. (Sep 2024) to ₹1.00 Cr., marking a decrease of 2.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹5.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 5.00 Cr..
For OPM %, as of Dec 2024, the value is 79.00%. The value appears strong and on an upward trend. It has increased from 66.00% (Sep 2024) to 79.00%, marking an increase of 13.00%.
For Other Income, as of Dec 2024, the value is ₹61.00 Cr.. The value appears strong and on an upward trend. It has increased from 57.00 Cr. (Sep 2024) to ₹61.00 Cr., marking an increase of ₹4.00 Cr..
For Interest, as of Dec 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹0.00 Cr.. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 0.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹66.00 Cr.. The value appears strong and on an upward trend. It has increased from 62.00 Cr. (Sep 2024) to ₹66.00 Cr., marking an increase of ₹4.00 Cr..
For Tax %, as of Dec 2024, the value is 1.00%. The value appears to be improving (decreasing) as expected. It has decreased from 20.00% (Sep 2024) to 1.00%, marking a decrease of 19.00%.
For Net Profit, as of Dec 2024, the value is ₹66.00 Cr.. The value appears strong and on an upward trend. It has increased from 49.00 Cr. (Sep 2024) to ₹66.00 Cr., marking an increase of ₹17.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 206.05. The value appears strong and on an upward trend. It has increased from ₹154.72 (Sep 2024) to 206.05, marking an increase of ₹51.33.

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 7, 2025, 5:44 pm

Metric	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	13	70	28	9	12	20	33	6	15	21
Expenses	4	2	3	3	6	2	3	4	4	8
Operating Profit	9	68	25	6	7	18	30	2	11	13
OPM %	72%	97%	89%	68%	53%	89%	91%	26%	71%	62%
Other Income	151	242	157	196	155	116	429	223	184	216
Interest	0	0	0	0	0	0	0	0	0	0
Depreciation	0	0	0	0	0	0	0	0	0	0
Profit before tax	160	310	181	202	161	133	459	225	194	229
Tax %	1%	2%	1%	0%	1%	3%	7%	-2%	5%
Net Profit	159	303	179	202	160	130	429	228	185	214
EPS in Rs	496.88	950.05	559.83	632.40	500.42	405.80	1,344.45	715.74	579.29	670.06
Dividend Payout %	1%	1%	1%	1%	0%	1%	0%	1%	1%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2016-2017	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	90.57%	-40.92%	12.85%	-20.79%	-18.75%	230.00%	-46.85%	-18.86%
Change in YoY Net Profit Growth (%)	0.00%	-131.49%	53.77%	-33.64%	2.04%	248.75%	-276.85%	27.99%

Vardhman Holdings Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 8 years from 2016-2017 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	10%
3 Years:	-9%
TTM:	-46%

Compounded Profit Growth
10 Years:	%
5 Years:	-2%
3 Years:	13%
TTM:	20%

Stock Price CAGR
10 Years:	15%
5 Years:	26%
3 Years:	-5%
1 Year:	5%

Return on Equity
10 Years:	%
5 Years:	9%
3 Years:	10%
Last Year:	6%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:36 pm

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	3	3	3	3	3	3	3	3	3	3
Reserves	1,244	1,545	1,819	1,994	2,122	2,303	2,774	3,096	3,294	3,502
Borrowings	0	0	0	0	0	0	0	0	0	0
Other Liabilities	2	5	3	5	4	2	1	1	1	15
Total Liabilities	1,249	1,553	1,825	2,003	2,130	2,307	2,778	3,101	3,298	3,520
Fixed Assets	1	1	3	3	3	3	3	3	3	3
CWIP	0	0	0	0	0	0	0	0	0	0
Investments	1,240	1,506	1,776	1,952	1,979	2,167	2,738	3,065	3,270	3,512
Other Assets	9	46	46	48	147	137	36	32	25	5
Total Assets	1,249	1,553	1,825	2,003	2,130	2,307	2,778	3,101	3,298	3,520

Below is a detailed analysis of the balance sheet data for Vardhman Holdings 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 ₹3.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹3.00 Cr..
For Reserves, as of Sep 2024, the value is ₹3,502.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,294.00 Cr. (Mar 2024) to ₹3,502.00 Cr., marking an increase of 208.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹0.00 Cr.. The value remains steady. Additionally, since Reserves exceed Borrowings, this is considered a positive sign. There is no change compared to the previous period (Mar 2024) which recorded ₹0.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹15.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹1.00 Cr. (Mar 2024) to ₹15.00 Cr., marking an increase of 14.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹3,520.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from ₹3,298.00 Cr. (Mar 2024) to ₹3,520.00 Cr., marking an increase of 222.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹3.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded ₹3.00 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 ₹3,512.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,270.00 Cr. (Mar 2024) to ₹3,512.00 Cr., marking an increase of 242.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹5.00 Cr.. The value appears to be declining and may need further review. It has decreased from ₹25.00 Cr. (Mar 2024) to ₹5.00 Cr., marking a decrease of 20.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹3,520.00 Cr.. The value appears strong and on an upward trend. It has increased from ₹3,298.00 Cr. (Mar 2024) to ₹3,520.00 Cr., marking an increase of 222.00 Cr..

Notably, the Reserves (₹3,502.00 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 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-34	2	6	-95	82	-5	1	-3
Cash from Investing Activity +	36	0	-3	99	-10	-69	2	4
Cash from Financing Activity +	-1	-2	-2	-2	-0	-2	-2	-2
Net Cash Flow	1	0	1	2	72	-75	2	-0

Free Cash Flow

Month	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	9.00	68.00	25.00	6.00	7.00	18.00	30.00	2.00	11.00

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 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	0	0	0	0	0	0	0	0	0
Inventory Days
Days Payable
Cash Conversion Cycle	0	0	0	0	0	0	0	0	0
Working Capital Days	82	194	41	19	2,908	372	98	569	236
ROCE %		22%	11%	11%	8%	6%	18%	8%	6%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%	74.90%
FIIs	3.00%	1.51%	0.06%	0.05%	0.04%	0.04%	0.04%	0.03%	0.03%	0.03%	0.03%	0.06%
DIIs	0.99%	0.96%	0.96%	0.96%	0.96%	0.96%	0.96%	0.96%	0.96%	0.97%	0.56%	0.53%
Public	21.11%	22.63%	24.08%	24.09%	24.11%	24.10%	24.09%	24.10%	24.10%	24.10%	24.51%	24.51%
No. of Shareholders	8,484	8,415	9,673	9,693	9,898	9,728	9,592	9,426	9,276	9,097	9,185	9,598

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.)	579.28	715.75	1344.43	405.80	500.43
Diluted EPS (Rs.)	579.28	715.75	1344.43	405.80	500.43
Cash EPS (Rs.)	11.51	21.64	4.63	47.17	20.38
Book Value[Excl.RevalReserv]/Share (Rs.)	10328.20	9709.30	8698.27	7222.76	6658.56
Book Value[Incl.RevalReserv]/Share (Rs.)	10328.20	9709.30	8698.27	7222.76	6658.56
Revenue From Operations / Share (Rs.)	46.68	18.43	103.65	61.98	38.95
PBDIT / Share (Rs.)	40.83	10.64	99.83	58.77	24.56
PBIT / Share (Rs.)	40.81	10.62	99.81	58.74	24.53
PBT / Share (Rs.)	40.81	10.62	99.81	58.74	24.53
Net Profit / Share (Rs.)	11.49	21.62	4.60	47.14	20.35
NP After MI And SOA / Share (Rs.)	579.13	715.55	1344.06	405.69	500.30
PBDIT Margin (%)	87.47	57.72	96.31	94.82	63.04
PBIT Margin (%)	87.42	57.60	96.29	94.78	62.97
PBT Margin (%)	87.42	57.60	96.29	94.78	62.97
Net Profit Margin (%)	24.61	117.27	4.43	76.06	52.24
NP After MI And SOA Margin (%)	1240.70	3881.93	1296.72	654.59	1284.26
Return on Networth / Equity (%)	5.60	7.36	15.45	5.61	7.51
Return on Capital Employeed (%)	0.39	0.10	1.14	0.81	0.36
Return On Assets (%)	5.60	7.36	15.44	5.61	7.49
Asset Turnover Ratio (%)	0.00	0.00	0.07	0.01	0.03
Current Ratio (X)	19747.96	22854.20	14980.93	2786.68	618.52
Quick Ratio (X)	19747.96	22854.20	14980.93	2786.68	618.52
Dividend Payout Ratio (NP) (%)	0.86	0.00	0.37	0.00	0.99
Dividend Payout Ratio (CP) (%)	0.86	0.00	0.37	0.00	0.99
Earning Retention Ratio (%)	99.14	0.00	99.63	0.00	99.01
Cash Earning Retention Ratio (%)	99.14	0.00	99.63	0.00	99.01
Enterprise Value (Cr.)	888.03	815.35	1164.42	489.85	293.68
EV / Net Operating Revenue (X)	59.59	138.56	35.19	24.76	23.61
EV / EBITDA (X)	68.13	240.04	36.54	26.11	37.46
MarketCap / Net Operating Revenue (X)	59.85	139.24	35.27	28.62	24.00
Retention Ratios (%)	99.13	0.00	99.62	0.00	99.00
Price / BV (X)	0.27	0.26	0.42	0.24	0.14
Price / Net Operating Revenue (X)	59.85	139.25	35.27	28.62	24.00
EarningsYield	0.20	0.27	0.36	0.22	0.53

After reviewing the key financial ratios for Vardhman Holdings 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 579.28. This value is within the healthy range. It has decreased from 715.75 (Mar 23) to 579.28, marking a decrease of 136.47.
For Diluted EPS (Rs.), as of Mar 24, the value is 579.28. This value is within the healthy range. It has decreased from 715.75 (Mar 23) to 579.28, marking a decrease of 136.47.
For Cash EPS (Rs.), as of Mar 24, the value is 11.51. This value is within the healthy range. It has decreased from 21.64 (Mar 23) to 11.51, marking a decrease of 10.13.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 10,328.20. It has increased from 9,709.30 (Mar 23) to 10,328.20, marking an increase of 618.90.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 10,328.20. It has increased from 9,709.30 (Mar 23) to 10,328.20, marking an increase of 618.90.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 46.68. It has increased from 18.43 (Mar 23) to 46.68, marking an increase of 28.25.
For PBDIT / Share (Rs.), as of Mar 24, the value is 40.83. This value is within the healthy range. It has increased from 10.64 (Mar 23) to 40.83, marking an increase of 30.19.
For PBIT / Share (Rs.), as of Mar 24, the value is 40.81. This value is within the healthy range. It has increased from 10.62 (Mar 23) to 40.81, marking an increase of 30.19.
For PBT / Share (Rs.), as of Mar 24, the value is 40.81. This value is within the healthy range. It has increased from 10.62 (Mar 23) to 40.81, marking an increase of 30.19.
For Net Profit / Share (Rs.), as of Mar 24, the value is 11.49. This value is within the healthy range. It has decreased from 21.62 (Mar 23) to 11.49, marking a decrease of 10.13.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 579.13. This value is within the healthy range. It has decreased from 715.55 (Mar 23) to 579.13, marking a decrease of 136.42.
For PBDIT Margin (%), as of Mar 24, the value is 87.47. This value is within the healthy range. It has increased from 57.72 (Mar 23) to 87.47, marking an increase of 29.75.
For PBIT Margin (%), as of Mar 24, the value is 87.42. This value exceeds the healthy maximum of 20. It has increased from 57.60 (Mar 23) to 87.42, marking an increase of 29.82.
For PBT Margin (%), as of Mar 24, the value is 87.42. This value is within the healthy range. It has increased from 57.60 (Mar 23) to 87.42, marking an increase of 29.82.
For Net Profit Margin (%), as of Mar 24, the value is 24.61. This value exceeds the healthy maximum of 10. It has decreased from 117.27 (Mar 23) to 24.61, marking a decrease of 92.66.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 1,240.70. This value exceeds the healthy maximum of 20. It has decreased from 3,881.93 (Mar 23) to 1,240.70, marking a decrease of 2,641.23.
For Return on Networth / Equity (%), as of Mar 24, the value is 5.60. This value is below the healthy minimum of 15. It has decreased from 7.36 (Mar 23) to 5.60, marking a decrease of 1.76.
For Return on Capital Employeed (%), as of Mar 24, the value is 0.39. This value is below the healthy minimum of 10. It has increased from 0.10 (Mar 23) to 0.39, marking an increase of 0.29.
For Return On Assets (%), as of Mar 24, the value is 5.60. This value is within the healthy range. It has decreased from 7.36 (Mar 23) to 5.60, marking a decrease of 1.76.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.00. There is no change compared to the previous period (Mar 23) which recorded 0.00.
For Current Ratio (X), as of Mar 24, the value is 19,747.96. This value exceeds the healthy maximum of 3. It has decreased from 22,854.20 (Mar 23) to 19,747.96, marking a decrease of 3,106.24.
For Quick Ratio (X), as of Mar 24, the value is 19,747.96. This value exceeds the healthy maximum of 2. It has decreased from 22,854.20 (Mar 23) to 19,747.96, marking a decrease of 3,106.24.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 0.86. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 23) to 0.86, marking an increase of 0.86.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 0.86. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 23) to 0.86, marking an increase of 0.86.
For Earning Retention Ratio (%), as of Mar 24, the value is 99.14. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 99.14, marking an increase of 99.14.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 99.14. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 99.14, marking an increase of 99.14.
For Enterprise Value (Cr.), as of Mar 24, the value is 888.03. It has increased from 815.35 (Mar 23) to 888.03, marking an increase of 72.68.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 59.59. This value exceeds the healthy maximum of 3. It has decreased from 138.56 (Mar 23) to 59.59, marking a decrease of 78.97.
For EV / EBITDA (X), as of Mar 24, the value is 68.13. This value exceeds the healthy maximum of 15. It has decreased from 240.04 (Mar 23) to 68.13, marking a decrease of 171.91.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 59.85. This value exceeds the healthy maximum of 3. It has decreased from 139.24 (Mar 23) to 59.85, marking a decrease of 79.39.
For Retention Ratios (%), as of Mar 24, the value is 99.13. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 99.13, marking an increase of 99.13.
For Price / BV (X), as of Mar 24, the value is 0.27. This value is below the healthy minimum of 1. It has increased from 0.26 (Mar 23) to 0.27, marking an increase of 0.01.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 59.85. This value exceeds the healthy maximum of 3. It has decreased from 139.25 (Mar 23) to 59.85, marking a decrease of 79.40.
For EarningsYield, as of Mar 24, the value is 0.20. This value is below the healthy minimum of 5. It has decreased from 0.27 (Mar 23) to 0.20, marking a decrease of 0.07.

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 Holdings Ltd as of March 12, 2025 is: ₹2,085.72

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 March 12, 2025, Vardhman Holdings Ltd is Overvalued by 32.70% compared to the current share price 3,099.00

Intrinsic Value of Vardhman Holdings Ltd as of March 12, 2025 is: 2,211.12

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 March 12, 2025, Vardhman Holdings Ltd is Overvalued by 28.65% compared to the current share price 3,099.00

Last 5 Year EPS CAGR: 6.01%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The stock has a low average Cash Conversion Cycle of 0.00, which is a positive sign. The company has higher reserves (2,369.30 cr) compared to borrowings (0.00 cr), indicating strong financial stability. The company has shown consistent growth in sales (22.70 cr) and profit (225.40 cr) over the years.	The stock has a low average ROCE of 10.00%, which may not be favorable. The stock has a high average Working Capital Days of 179.22, 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 Holdings Ltd:
1. Net Profit Margin: 24.61%
  - 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: 0.39% (Industry Average ROCE: 18.12%)
  - 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%: 5.6% (Industry Average ROE: 16.77%)
  - 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): 0
  - 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: 19747.96
  - 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: 4.1 (Industry average Stock P/E: 77.75)
  - 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 Holdings Ltd. is a Public Limited Listed company incorporated on 27/12/1962 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L17111PB1962PLC002463 and registration number is 002463. Currently Company is involved in the business activities of Trusts, funds and other financial vehicles. Company's Total Operating Revenue is Rs. 43.98 Cr. and Equity Capital is Rs. 3.19 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Non-Banking Financial Company (NBFC)	Vardhman Premises, Ludhiana Punjab 141010	secretarial.lud@vardhman.com https://www.vardhman.com

Management
Name	Position Held
Mr. Shri Paul Oswal	Chairman & Managing Director
Mr. Sachit Jain	Director
Mrs. Suchita Jain	Director
Mr. Vikas Kumar	Director
Mr. Devendrabhushan Jain	Independent Director
Mr. Rajeev Kumar Mittal	Independent Director
Ms. Pooja Mehta	Independent Director
Mr. Manjul Pahwa	Independent Director

FAQ

What is the latest intrinsic value of Vardhman Holdings Ltd?

The latest intrinsic value of Vardhman Holdings Ltd as on 09 March 2025 is ₹2085.72, which is 32.70% lower than the current market price of 3,099.00, indicating the stock is overvalued by 32.70%. The intrinsic value of Vardhman Holdings Ltd is calculated using PE ratio method. The stock has a market capitalization of ₹989 Cr. and recorded a high/low of ₹5,760/2,706 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹3,502 Cr and total liabilities of ₹3,520 Cr.

What is the Market Cap of Vardhman Holdings Ltd?

The Market Cap of Vardhman Holdings Ltd is 989 Cr..

What is the current Stock Price of Vardhman Holdings Ltd as on 09 March 2025?

The current stock price of Vardhman Holdings Ltd as on 09 March 2025 is ₹3,099.

What is the High / Low of Vardhman Holdings Ltd stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of Vardhman Holdings Ltd stocks is ₹5,760/2,706.

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

The Stock P/E of Vardhman Holdings Ltd is 4.10.

What is the Book Value of Vardhman Holdings Ltd?

The Book Value of Vardhman Holdings Ltd is 10,984.

What is the Dividend Yield of Vardhman Holdings Ltd?

The Dividend Yield of Vardhman Holdings Ltd is 0.16 %.

What is the ROCE of Vardhman Holdings Ltd?

The ROCE of Vardhman Holdings Ltd is 6.07 %.

What is the ROE of Vardhman Holdings Ltd?

The ROE of Vardhman Holdings Ltd is 5.78 %.

What is the Face Value of Vardhman Holdings Ltd?

The Face Value of Vardhman Holdings Ltd is 10.0.