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Last Updated: April 2, 2026, 3:54 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 502986 | NSE: VTL

Vardhman Textiles Ltd (VTL): Intrinsic Value & Share Price Analysis

Fair Value

₹487.06Fairly Valued by 8.10%vs CMP ₹530.00

P/E (19.2) × ROE (9.0%) × BV (₹351.00) × DY (0.94%)

₹354.02Overvalued by 33.20%vs CMP ₹530.00
MoS: -49.7% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹426.5823%Over (-19.5%)
Graham NumberEarnings₹466.7916%Over (-11.9%)
Earnings PowerEarnings₹176.7111%Over (-66.7%)
DCFCash Flow₹222.3714%Over (-58%)
Net Asset ValueAssets₹351.187%Over (-33.7%)
EV/EBITDAEnterprise₹524.299%Fair (-1.1%)
Earnings YieldEarnings₹275.907%Over (-47.9%)
ROCE CapitalReturns₹266.207%Over (-49.8%)
Revenue MultipleRevenue₹338.385%Over (-36.2%)
Consensus (9 models)₹354.02100%Overvalued

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -12.4%

*Investments are subject to market risks

Investment Snapshot

49
Vardhman Textiles Ltd (VTL) scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health66/100 · Strong
ROCE 10.8% AverageROE 9.0% AverageD/E 0.28 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 64.4% Stable
Earnings Quality30/100 · Weak
OPM contracting (19% → 12%) DecliningWorking capital: 164 days Capital intensive
Quarterly Momentum40/100 · Moderate
Revenue (4Q): 1% YoY FlatProfit (4Q): -6% YoY Declining
Industry Rank60/100 · Moderate
P/E 19.2 vs industry 474.3 Cheaper than peersROCE 10.8% vs industry 9.2% Average3Y sales CAGR: 1% Slow

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, 3:54 am

Market Cap 15,326 Cr.
Current Price 530
Intrinsic Value₹354.02
High / Low 560/383
Stock P/E19.2
Book Value 351
Dividend Yield0.94 %
ROCE10.8 %
ROE8.95 %
Face Value 2.00
PEG Ratio-1.55

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

View Share Price Target for Vardhman Textiles Ltd (VTL)

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Vardhman Textiles Ltd (VTL) 15,326 Cr. 530 560/38319.2 3510.94 %10.8 %8.95 % 2.00
Trident Ltd 12,174 Cr. 23.9 34.6/22.029.8 9.062.09 %9.48 %8.23 % 1.00
Indo Count Industries Ltd 4,880 Cr. 246 351/21142.9 1170.81 %13.5 %11.3 % 2.00
Nitin Spinners Ltd 2,041 Cr. 363 427/29512.2 2440.83 %13.2 %14.3 % 10.0
K P R Mill Ltd (KPRMILL) 28,624 Cr. 837 1,395/79633.9 1560.60 %19.8 %17.0 % 1.00
Industry Average3,322.90 Cr165.80474.26127.360.51%9.16%7.98%7.02

All Competitor Stocks of Vardhman Textiles Ltd (VTL)

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 2,3702,4862,3182,3972,3302,4592,3092,5022,4652,5092,3862,4802,505
Expenses 2,1922,2242,1032,1922,0852,1511,9612,1872,1532,2222,0602,1462,221
Operating Profit 179262215205244308348315313287326334284
OPM % 8%11%9%9%10%13%15%13%13%11%14%13%11%
Other Income 7783103988681799379133824974
Interest 21303222192918181923232126
Depreciation 99104105104999797100101103109114118
Profit before tax 136211182178212264312291273293276249214
Tax % 23%24%25%23%23%23%23%32%22%19%25%25%21%
Net Profit 105160137136162202240197212238208188168
EPS in Rs 3.545.494.724.645.546.948.256.817.288.217.166.475.75

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

Quarterly Chart

Profit & Loss - Annual Report

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

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 6,1286,7415,8486,0306,2486,8786,7356,1409,62210,1379,5059,7859,880
Expenses 4,6685,6234,6724,8315,3455,6845,7985,3267,3488,8148,5318,5228,648
Operating Profit 1,4601,1181,1761,1999031,1949378142,2741,3249731,2631,231
OPM % 24%17%20%20%14%17%14%13%24%13%10%13%12%
Other Income 74161158591215239187222264232369384338
Interest 151125891291181201351131001021027792
Depreciation 335532374343240254333364368394405401445
Profit before tax 1,0486228721,3187601,0596555592,0711,0608351,1681,032
Tax % 27%28%28%25%22%30%10%24%25%24%24%24%
Net Profit 7664466249945927415914271,551805637887802
EPS in Rs 22.5712.5719.3134.1720.2425.4320.0814.4053.5427.5021.8430.5427.59
Dividend Payout % 10%16%15%8%15%14%0%24%62%13%18%16%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-41.78%39.91%59.29%-40.44%25.17%-20.24%-27.75%263.23%-48.10%-20.87%39.25%
Change in YoY Net Profit Growth (%)0.00%81.69%19.38%-99.74%65.61%-45.41%-7.51%290.98%-311.33%27.23%60.12%

Vardhman Textiles Ltd (VTL) 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:4%
5 Years:8%
3 Years:1%
TTM:4%
Compounded Profit Growth
10 Years:9%
5 Years:9%
3 Years:-17%
TTM:16%
Stock Price CAGR
10 Years:9%
5 Years:22%
3 Years:8%
1 Year:-16%
Return on Equity
10 Years:11%
5 Years:11%
3 Years:9%
Last Year:9%

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

Balance Sheet

Last Updated: December 4, 2025, 2:11 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 63636155565657575757575757
Reserves 3,0703,3133,9394,2184,8975,5355,9916,4127,6478,5079,0439,83910,098
Borrowings 3,3732,6402,6302,2382,3212,2782,2212,1321,9831,6781,7911,2381,479
Other Liabilities 1,3601,3638839909711,1491,0871,0221,2931,0941,0911,2991,518
Total Liabilities 7,8657,3787,5137,5028,2469,0189,3569,62210,98011,33511,98312,43313,153
Fixed Assets 3,1542,8752,6272,5912,6313,2013,6283,5293,4943,9373,7694,1504,234
CWIP 94838649106274142782415161252873
Investments 7848691,3131,8681,8341,3461,1451,0751,6912,5491,6991,8441,787
Other Assets 3,8333,5513,4882,9943,6764,1984,4414,9415,5544,7986,4546,1876,259
Total Assets 7,8657,3787,5137,5028,2469,0189,3569,62210,98011,33511,98312,43313,153

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 8341,4129151,3501034998491681,4451,853-1,0551,644
Cash from Investing Activity + -780-315-451-343-167-278-379-116-899-1,4451,104-892
Cash from Financing Activity + -39-975-365-1,18092-252-296-174-571-399-90-733
Net Cash Flow 1612299-17328-30175-122-269-4119
Free Cash Flow 1841,1075381,127-253-384200-729361,238-1,329675
CFO/OP 73%146%99%138%35%63%103%26%86%160%-87%149%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-2.00-1.00-1.00-1.00901.00-1.00935.00812.001.000.00972.000.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 524449444443446250434748
Inventory Days 296200249218242265276314231147273254
Days Payable 222323313132373432222334
Cash Conversion Cycle 326221274232255276283342249168296269
Working Capital Days 99686247106116130182121102156164
ROCE %18%11%14%15%11%14%10%8%23%11%9%11%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 63.85%64.07%64.11%64.13%64.13%64.19%64.19%64.21%64.22%64.21%64.21%64.44%
FIIs 6.85%6.65%6.95%6.37%6.29%6.12%6.03%5.97%5.75%6.03%5.75%5.72%
DIIs 17.01%16.95%16.70%16.84%16.54%16.65%16.59%16.71%16.72%16.58%16.43%16.34%
Public 12.30%12.32%12.25%12.65%13.04%13.02%13.18%13.11%13.30%13.18%13.61%13.49%
No. of Shareholders 74,07768,70866,67667,84868,94563,87071,87475,33777,42577,19784,32082,657

Shareholding Pattern Chart

No. of Shareholders

Vardhman Textiles Ltd (VTL): Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
HDFC Small Cap Fund 9,392,211 1.36 509.57N/AN/AN/A
Nippon India Small Cap Fund 8,465,828 0.68 459.317,742,7562025-11-03 13:12:589.34%
HDFC Mid Cap Fund 7,274,473 0.42 394.68N/AN/AN/A
DSP Small Cap Fund 5,000,000 1.61 271.284,472,8612025-11-03 13:12:5811.79%
HDFC Hybrid Equity Fund 3,500,000 0.8 189.893,595,4042026-03-23 10:36:54-2.65%
DSP ELSS Tax Saver Fund 3,146,632 0.99 170.723,290,9892026-03-11 01:32:51-4.39%
HSBC Value Fund 2,096,700 0.77 113.762,096,7002025-04-22 17:25:160%
HDFC Dividend Yield Fund 634,285 0.59 34.41N/AN/AN/A
ICICI Prudential Manufacturing Fund 568,625 0.47 30.85680,4962026-03-23 11:23:00-16.44%
ICICI Prudential Smallcap Fund 525,000 0.34 28.48863,4522026-03-23 11:23:00-39.2%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 2.002.002.002.0010.00
Basic EPS (Rs.) 31.0522.2027.9654.5872.52
Diluted EPS (Rs.) 31.0522.2027.9554.4272.07
Cash EPS (Rs.) 43.5835.1040.7366.12135.37
Book Value[Excl.RevalReserv]/Share (Rs.) 347.84322.95304.16275.861167.16
Book Value[Incl.RevalReserv]/Share (Rs.) 347.84322.95304.16275.861167.16
Revenue From Operations / Share (Rs.) 343.93334.08356.39338.581085.55
PBDIT / Share (Rs.) 56.1945.6653.2987.91179.53
PBIT / Share (Rs.) 42.1031.4439.4374.98115.20
PBT / Share (Rs.) 39.3927.8535.8471.4795.17
Net Profit / Share (Rs.) 29.4920.8826.8753.1971.05
NP After MI And SOA / Share (Rs.) 31.0522.2027.9554.4372.47
PBDIT Margin (%) 16.3313.6614.9525.9616.53
PBIT Margin (%) 12.249.4111.0622.1410.61
PBT Margin (%) 11.458.3310.0521.108.76
Net Profit Margin (%) 8.576.257.5315.706.54
NP After MI And SOA Margin (%) 9.026.647.8416.076.67
Return on Networth / Equity (%) 8.926.949.2820.086.33
Return on Capital Employeed (%) 10.829.0111.3423.547.94
Return On Assets (%) 7.105.277.0114.084.25
Long Term Debt / Equity (X) 0.070.040.100.110.20
Total Debt / Equity (X) 0.120.190.190.250.28
Asset Turnover Ratio (%) 0.800.810.900.920.63
Current Ratio (X) 4.633.124.003.033.64
Quick Ratio (X) 1.871.092.351.541.68
Inventory Turnover Ratio (X) 2.461.672.241.711.13
Dividend Payout Ratio (NP) (%) 12.8815.750.0022.650.00
Dividend Payout Ratio (CP) (%) 8.869.600.0018.300.00
Earning Retention Ratio (%) 87.1284.250.0077.350.00
Cash Earning Retention Ratio (%) 91.1490.400.0081.700.00
Interest Coverage Ratio (X) 20.6912.7014.8425.058.96
Interest Coverage Ratio (Post Tax) (X) 11.866.818.4816.164.55
Enterprise Value (Cr.) 12439.3514411.719747.4814377.199123.30
EV / Net Operating Revenue (X) 1.271.520.961.491.49
EV / EBITDA (X) 7.7811.096.435.758.98
MarketCap / Net Operating Revenue (X) 1.151.330.821.291.20
Retention Ratios (%) 87.1184.240.0077.340.00
Price / BV (X) 1.131.390.971.611.14
Price / Net Operating Revenue (X) 1.151.330.821.291.20
EarningsYield 0.070.050.090.120.05

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Vardhman Textiles Ltd. is a Public Limited Listed company incorporated on 08/10/1973 and has its registered office in the State of Punjab, India. Company's Corporate Identification Number(CIN) is L17111PB1973PLC003345 and registration number is 003345. Currently Company is involved in the business activities of Spinning, weaving and finishing of textiles. Company's Total Operating Revenue is Rs. 9587.21 Cr. and Equity Capital is Rs. 57.83 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Textiles - Spinning - Cotton BlendedVardhman Premises, Ludhiana Punjab 141010Contact not found
Management
NamePosition Held
Mr. Shri Paul OswalChairman & Managing Director
Mrs. Suchita JainVice Chairman & Jt Manag. Dir.
Mr. Neeraj JainJoint Managing Director
Ms. Sagrika JainExecutive Director
Mr. Sachit JainNon Exe.Non Ind.Director
Ms. Soumya JainNon Exe.Non Ind.Director
Mrs. Harpreet Kaur KangIndependent Director
Mr. Udeypaul Singh GillIndependent Director
Mr. Suresh KumarIndependent Director
Mr. Atul KhoslaIndependent Director
Mr. Prem KumarIndependent Director
Dr. Arvind SahayIndependent Director

FAQ

What is the intrinsic value of Vardhman Textiles Ltd (VTL) and is it undervalued?

As of 10 April 2026, Vardhman Textiles Ltd (VTL)'s intrinsic value is ₹354.02, which is 33.20% lower than the current market price of ₹530.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (8.95 %), book value (₹351), dividend yield (0.94 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Vardhman Textiles Ltd (VTL)?

Vardhman Textiles Ltd (VTL) is trading at ₹530.00 as of 10 April 2026, with a FY2026-2027 high of ₹560 and low of ₹383. The stock is currently near its 52-week high. Market cap stands at ₹15,326 Cr..

How does Vardhman Textiles Ltd (VTL)'s P/E ratio compare to its industry?

Vardhman Textiles Ltd (VTL) has a P/E ratio of 19.2, which is below the industry average of 474.26. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Vardhman Textiles Ltd (VTL) financially healthy?

Key indicators for Vardhman Textiles Ltd (VTL): ROCE of 10.8 % is moderate. Dividend yield is 0.94 %.

Is Vardhman Textiles Ltd (VTL) profitable and how is the profit trend?

Vardhman Textiles Ltd (VTL) reported a net profit of ₹887 Cr in Mar 2025 on revenue of ₹9,785 Cr. Compared to ₹1,551 Cr in Mar 2022, the net profit shows a declining trend.

Does Vardhman Textiles Ltd (VTL) pay dividends?

Vardhman Textiles Ltd (VTL) has a dividend yield of 0.94 % at the current price of ₹530.00. The company pays dividends, though the yield is modest.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Vardhman Textiles Ltd (VTL). Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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