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

Share Price and Basic Stock Data

Last Updated: April 2, 2025, 8:56 pm

Market Cap	11,616 Cr.
Current Price	402
High / Low	592/361
Stock P/E	13.7
Book Value	326
Dividend Yield	1.00 %
ROCE	8.73 %
ROE	7.09 %
Face Value	2.00
PEG Ratio	0.90

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

Stock P/E Current Price Intrinsic Value

View Share Price Target for Vardhman Textiles Ltd (VTL)

Competitors of Vardhman Textiles Ltd (VTL)

Stock Name ⇩	Market Cap ⇩	Current Price ⇩	High / Low ⇩	Stock P/E ⇩	Book Value ⇩	Dividend Yield ⇩	ROCE ⇩	ROE ⇩	Face Value ⇩
Mohite Industries Ltd	96.7 Cr.	4.81	16.4/3.55	15.8	5.67	0.00 %	6.18 %	2.27 %	1.00
Hisar Spinning Mills Ltd	17.8 Cr.	47.5	84.0/40.8	6.86	62.4	0.00 %	12.5 %	9.50 %	10.0
Rudra Ecovation Ltd	511 Cr.	44.7	82.6/36.7		8.36	0.00 %	1.92 %	4.05 %	1.00
H P Cotton Textile Mills Ltd	36.3 Cr.	92.4	194/82.0		38.5	0.00 %	4.39 %	6.57 %	10.0
Gujarat Hy-Spin Ltd	35.7 Cr.	21.3	24.5/9.00	33.7	11.2	0.00 %	4.31 %	0.90 %	10.0
Industry Average	2,861.64 Cr	165.10		27.99	121.06	0.36%	32.24%	10.84%	7.24

All Competitor Stocks of Vardhman Textiles Ltd (VTL)

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	2,603	2,707	2,812	2,470	2,370	2,486	2,318	2,397	2,330	2,459	2,309	2,502	2,465
Expenses	1,984	2,208	2,286	2,112	2,192	2,224	2,103	2,192	2,085	2,151	1,961	2,187	2,153
Operating Profit	619	499	526	358	179	262	215	205	244	308	348	315	313
OPM %	24%	18%	19%	14%	8%	11%	9%	9%	10%	13%	15%	13%	13%
Other Income	73	60	32	41	77	83	103	98	86	81	79	93	79
Interest	21	29	26	25	21	30	32	22	19	29	18	18	19
Depreciation	92	92	93	99	99	104	105	104	99	97	97	100	101
Profit before tax	579	438	438	275	136	211	182	178	212	264	312	291	273
Tax %	25%	27%	24%	25%	23%	24%	25%	23%	23%	23%	23%	32%	22%
Net Profit	432	321	333	207	105	160	137	136	162	202	240	197	212
EPS in Rs	14.86	11.15	11.39	7.09	3.54	5.49	4.72	4.64	5.54	6.94	8.25	6.81	7.28

Last Updated: February 27, 2025, 11:25 pm

Below is a detailed analysis of the quarterly data for Vardhman Textiles Ltd (VTL) 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 ₹2,465.00 Cr.. The value appears to be declining and may need further review. It has decreased from 2,502.00 Cr. (Sep 2024) to ₹2,465.00 Cr., marking a decrease of 37.00 Cr..
For Expenses, as of Dec 2024, the value is ₹2,153.00 Cr.. The value appears to be improving (decreasing) as expected. It has decreased from 2,187.00 Cr. (Sep 2024) to ₹2,153.00 Cr., marking a decrease of 34.00 Cr..
For Operating Profit, as of Dec 2024, the value is ₹313.00 Cr.. The value appears to be declining and may need further review. It has decreased from 315.00 Cr. (Sep 2024) to ₹313.00 Cr., marking a decrease of 2.00 Cr..
For OPM %, as of Dec 2024, the value is 13.00%. The value remains steady. There is no change compared to the previous period (Sep 2024) which recorded 13.00%.
For Other Income, as of Dec 2024, the value is ₹79.00 Cr.. The value appears to be declining and may need further review. It has decreased from 93.00 Cr. (Sep 2024) to ₹79.00 Cr., marking a decrease of 14.00 Cr..
For Interest, as of Dec 2024, the value is ₹19.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 18.00 Cr. (Sep 2024) to ₹19.00 Cr., marking an increase of 1.00 Cr..
For Depreciation, as of Dec 2024, the value is ₹101.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 100.00 Cr. (Sep 2024) to ₹101.00 Cr., marking an increase of 1.00 Cr..
For Profit before tax, as of Dec 2024, the value is ₹273.00 Cr.. The value appears to be declining and may need further review. It has decreased from 291.00 Cr. (Sep 2024) to ₹273.00 Cr., marking a decrease of 18.00 Cr..
For Tax %, as of Dec 2024, the value is 22.00%. The value appears to be improving (decreasing) as expected. It has decreased from 32.00% (Sep 2024) to 22.00%, marking a decrease of 10.00%.
For Net Profit, as of Dec 2024, the value is ₹212.00 Cr.. The value appears strong and on an upward trend. It has increased from 197.00 Cr. (Sep 2024) to ₹212.00 Cr., marking an increase of 15.00 Cr..
For EPS in Rs, as of Dec 2024, the value is 7.28. The value appears strong and on an upward trend. It has increased from 6.81 (Sep 2024) to 7.28, marking an increase of 0.47.

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 4, 2025, 3:37 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	4,939	6,128	6,741	5,848	6,030	6,248	6,878	6,735	6,140	9,622	10,137	9,505	9,736
Expenses	3,964	4,668	5,623	4,672	4,831	5,345	5,684	5,798	5,326	7,348	8,814	8,531	8,452
Operating Profit	975	1,460	1,118	1,176	1,199	903	1,194	937	814	2,274	1,324	973	1,284
OPM %	20%	24%	17%	20%	20%	14%	17%	14%	13%	24%	13%	10%	13%
Other Income	51	74	161	158	591	215	239	187	222	264	232	369	332
Interest	177	151	125	89	129	118	120	135	113	100	102	102	83
Depreciation	295	335	532	374	343	240	254	333	364	368	394	405	394
Profit before tax	553	1,048	622	872	1,318	760	1,059	655	559	2,071	1,060	835	1,139
Tax %	30%	27%	28%	28%	25%	22%	30%	10%	24%	25%	24%	24%
Net Profit	385	766	446	624	994	592	741	591	427	1,551	805	637	851
EPS in Rs	11.20	22.57	12.57	19.31	34.17	20.24	25.43	20.08	14.40	53.54	27.50	21.84	29.28
Dividend Payout %	11%	10%	16%	15%	8%	15%	14%	0%	24%	62%	13%	0%

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 (%)	98.96%	-41.78%	39.91%	59.29%	-40.44%	25.17%	-20.24%	-27.75%	263.23%	-48.10%	-20.87%
Change in YoY Net Profit Growth (%)	0.00%	-140.74%	81.69%	19.38%	-99.74%	65.61%	-45.41%	-7.51%	290.98%	-311.33%	27.23%

Vardhman Textiles Ltd (VTL) 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:	7%
3 Years:	16%
TTM:	2%

Compounded Profit Growth
10 Years:	-1%
5 Years:	-1%
3 Years:	15%
TTM:	44%

Stock Price CAGR
10 Years:	15%
5 Years:	31%
3 Years:	1%
1 Year:	4%

Return on Equity
10 Years:	12%
5 Years:	11%
3 Years:	12%
Last Year:	7%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:36 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	63	63	63	61	55	56	56	57	57	57	57	57	57
Reserves	2,444	3,070	3,313	3,939	4,218	4,897	5,535	5,991	6,412	7,647	8,507	9,043	9,369
Borrowings	3,174	3,373	2,640	2,630	2,238	2,321	2,278	2,221	2,132	1,983	1,678	1,791	951
Other Liabilities	1,109	1,360	1,363	883	990	971	1,149	1,087	1,022	1,293	1,094	1,091	1,274
Total Liabilities	6,789	7,865	7,378	7,513	7,502	8,246	9,018	9,356	9,622	10,980	11,335	11,983	11,651
Fixed Assets	2,704	3,154	2,875	2,627	2,591	2,631	3,201	3,628	3,529	3,494	3,937	3,769	3,731
CWIP	213	94	83	86	49	106	274	142	78	241	51	61	271
Investments	581	784	869	1,313	1,868	1,834	1,346	1,145	1,075	1,691	2,549	1,699	2,687
Other Assets	3,291	3,833	3,551	3,488	2,994	3,676	4,198	4,441	4,941	5,554	4,798	6,454	4,961
Total Assets	6,789	7,865	7,378	7,513	7,502	8,246	9,018	9,356	9,622	10,980	11,335	11,983	11,651

Below is a detailed analysis of the balance sheet data for Vardhman Textiles Ltd (VTL) 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 ₹57.00 Cr.. The value remains steady. There is no change compared to the previous period (Mar 2024) which recorded 57.00 Cr..
For Reserves, as of Sep 2024, the value is ₹9,369.00 Cr.. The value appears strong and on an upward trend. It has increased from 9,043.00 Cr. (Mar 2024) to ₹9,369.00 Cr., marking an increase of 326.00 Cr..
For Borrowings, as of Sep 2024, the value is ₹951.00 Cr.. The value appears to be improving (decreasing). Additionally, since Reserves exceed Borrowings, this is considered a positive sign. It has decreased from 1,791.00 Cr. (Mar 2024) to ₹951.00 Cr., marking a decrease of 840.00 Cr..
For Other Liabilities, as of Sep 2024, the value is ₹1,274.00 Cr.. The value appears to be increasing, which may not be favorable. It has increased from 1,091.00 Cr. (Mar 2024) to ₹1,274.00 Cr., marking an increase of 183.00 Cr..
For Total Liabilities, as of Sep 2024, the value is ₹11,651.00 Cr.. The value appears to be improving (decreasing). It has decreased from 11,983.00 Cr. (Mar 2024) to ₹11,651.00 Cr., marking a decrease of 332.00 Cr..
For Fixed Assets, as of Sep 2024, the value is ₹3,731.00 Cr.. The value appears to be declining and may need further review. It has decreased from 3,769.00 Cr. (Mar 2024) to ₹3,731.00 Cr., marking a decrease of 38.00 Cr..
For CWIP, as of Sep 2024, the value is ₹271.00 Cr.. The value appears strong and on an upward trend. It has increased from 61.00 Cr. (Mar 2024) to ₹271.00 Cr., marking an increase of 210.00 Cr..
For Investments, as of Sep 2024, the value is ₹2,687.00 Cr.. The value appears strong and on an upward trend. It has increased from 1,699.00 Cr. (Mar 2024) to ₹2,687.00 Cr., marking an increase of 988.00 Cr..
For Other Assets, as of Sep 2024, the value is ₹4,961.00 Cr.. The value appears to be declining and may need further review. It has decreased from 6,454.00 Cr. (Mar 2024) to ₹4,961.00 Cr., marking a decrease of 1,493.00 Cr..
For Total Assets, as of Sep 2024, the value is ₹11,651.00 Cr.. The value appears to be declining and may need further review. It has decreased from 11,983.00 Cr. (Mar 2024) to ₹11,651.00 Cr., marking a decrease of 332.00 Cr..

Notably, the Reserves (₹9,369.00 Cr.) exceed the Borrowings (951.00 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 +	333	834	1,412	915	1,350	103	499	849	168	1,445	1,853	-1,055
Cash from Investing Activity +	-517	-780	-315	-451	-343	-167	-278	-379	-116	-899	-1,445	1,104
Cash from Financing Activity +	165	-39	-975	-365	-1,180	92	-252	-296	-174	-571	-399	-90
Net Cash Flow	-19	16	122	99	-173	28	-30	175	-122	-26	9	-41

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	972.00	-2.00	-1.00	-1.00	-1.00	901.00	-1.00	935.00	812.00	1.00	0.00	972.00

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	55	52	44	49	44	44	43	44	62	50	43	47
Inventory Days	281	296	200	249	218	242	265	276	314	231	147	273
Days Payable	13	22	23	23	31	31	32	37	34	32	22	23
Cash Conversion Cycle	323	326	221	274	232	255	276	283	342	249	168	296
Working Capital Days	166	149	93	127	111	154	163	170	215	161	129	209
ROCE %	13%	18%	11%	14%	15%	11%	14%	10%	8%	23%	11%	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	62.93%	62.91%	63.75%	63.85%	63.85%	64.07%	64.11%	64.13%	64.13%	64.19%	64.19%	64.21%
FIIs	8.26%	7.51%	6.99%	7.07%	6.85%	6.65%	6.95%	6.37%	6.29%	6.12%	6.03%	5.97%
DIIs	16.52%	16.56%	16.71%	16.85%	17.01%	16.95%	16.70%	16.84%	16.54%	16.65%	16.59%	16.71%
Government	0.34%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Public	11.95%	13.01%	12.51%	12.21%	12.30%	12.32%	12.25%	12.65%	13.04%	13.02%	13.18%	13.11%
No. of Shareholders	74,449	85,453	81,999	76,002	74,077	68,708	66,676	67,848	68,945	63,870	71,874	75,337

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
HDFC Small Cap Fund - Regular Plan	9,261,551	1.39	396.21	7,742,756	2025-04-02	19.62%
HDFC Mid-Cap Opportunities Fund - Regular Plan	7,743,655	0.56	331.27	7,742,756	2025-04-02	0.01%
Nippon India Small Cap Fund	7,742,756	0.72	331.24	7,742,756	2025-04-02	0%
DSP Small Cap Fund	4,472,861	1.38	191.35	7,742,756	2025-04-02	-42.23%
HDFC Hybrid Equity Fund - Regular Plan	3,595,404	0.68	153.81	7,742,756	2025-04-02	-53.56%
DSP ELSS Tax Saver Fund	3,197,375	0.99	136.78	7,742,756	2025-04-02	-58.7%
HSBC Value Fund	2,096,700	0.8	89.7	7,742,756	2025-04-02	-72.92%
UTI Small Cap Fund	1,042,124	1.19	44.58	7,742,756	2025-04-02	-86.54%
ICICI Prudential Dividend Yield Equity Fund	842,135	1.04	36.03	7,742,756	2025-04-02	-89.12%
Quant Small Cap Fund	835,000	0.23	35.72	7,742,756	2025-04-02	-89.22%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	2.00	2.00	2.00	10.00	10.00
Basic EPS (Rs.)	22.20	27.96	54.58	72.52	102.22
Diluted EPS (Rs.)	22.20	27.95	54.42	72.07	101.45
Cash EPS (Rs.)	35.10	40.73	66.12	135.37	161.37
Book Value[Excl.RevalReserv]/Share (Rs.)	322.95	304.16	275.86	1167.16	1091.39
Book Value[Incl.RevalReserv]/Share (Rs.)	322.95	304.16	275.86	1167.16	1091.39
Revenue From Operations / Share (Rs.)	334.08	356.39	338.58	1085.55	1191.61
PBDIT / Share (Rs.)	45.66	53.29	87.91	179.53	196.71
PBIT / Share (Rs.)	31.44	39.43	74.98	115.20	137.76
PBT / Share (Rs.)	27.85	35.84	71.47	95.17	113.82
Net Profit / Share (Rs.)	20.88	26.87	53.19	71.05	102.41
NP After MI And SOA / Share (Rs.)	22.20	27.95	54.43	72.47	102.18
PBDIT Margin (%)	13.66	14.95	25.96	16.53	16.50
PBIT Margin (%)	9.41	11.06	22.14	10.61	11.56
PBT Margin (%)	8.33	10.05	21.10	8.76	9.55
Net Profit Margin (%)	6.25	7.53	15.70	6.54	8.59
NP After MI And SOA Margin (%)	6.64	7.84	16.07	6.67	8.57
Return on Networth / Equity (%)	6.94	9.28	20.08	6.33	9.54
Return on Capital Employeed (%)	9.01	11.34	23.54	7.94	10.08
Return On Assets (%)	5.27	7.01	14.08	4.25	6.17
Long Term Debt / Equity (X)	0.04	0.10	0.11	0.20	0.20
Total Debt / Equity (X)	0.19	0.19	0.25	0.28	0.33
Asset Turnover Ratio (%)	0.81	0.90	0.92	0.63	0.71
Current Ratio (X)	3.12	4.00	3.03	3.64	2.99
Quick Ratio (X)	1.09	2.35	1.54	1.68	1.35
Inventory Turnover Ratio (X)	1.67	2.24	1.71	1.13	1.30
Dividend Payout Ratio (NP) (%)	15.75	0.00	22.65	0.00	0.00
Dividend Payout Ratio (CP) (%)	9.60	0.00	18.30	0.00	0.00
Earning Retention Ratio (%)	84.25	0.00	77.35	0.00	0.00
Cash Earning Retention Ratio (%)	90.40	0.00	81.70	0.00	0.00
Interest Coverage Ratio (X)	12.70	14.84	25.05	8.96	8.22
Interest Coverage Ratio (Post Tax) (X)	6.81	8.48	16.16	4.55	5.28
Enterprise Value (Cr.)	14411.71	9747.48	14377.19	9123.30	5379.98
EV / Net Operating Revenue (X)	1.52	0.96	1.49	1.49	0.79
EV / EBITDA (X)	11.09	6.43	5.75	8.98	4.84
MarketCap / Net Operating Revenue (X)	1.33	0.82	1.29	1.20	0.52
Retention Ratios (%)	84.24	0.00	77.34	0.00	0.00
Price / BV (X)	1.39	0.97	1.61	1.14	0.58
Price / Net Operating Revenue (X)	1.33	0.82	1.29	1.20	0.52
EarningsYield	0.05	0.09	0.12	0.05	0.16

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

For FaceValue, as of Mar 24, the value is 2.00. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 2.00.
For Basic EPS (Rs.), as of Mar 24, the value is 22.20. This value is within the healthy range. It has decreased from 27.96 (Mar 23) to 22.20, marking a decrease of 5.76.
For Diluted EPS (Rs.), as of Mar 24, the value is 22.20. This value is within the healthy range. It has decreased from 27.95 (Mar 23) to 22.20, marking a decrease of 5.75.
For Cash EPS (Rs.), as of Mar 24, the value is 35.10. This value is within the healthy range. It has decreased from 40.73 (Mar 23) to 35.10, marking a decrease of 5.63.
For Book Value[Excl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 322.95. It has increased from 304.16 (Mar 23) to 322.95, marking an increase of 18.79.
For Book Value[Incl.RevalReserv]/Share (Rs.), as of Mar 24, the value is 322.95. It has increased from 304.16 (Mar 23) to 322.95, marking an increase of 18.79.
For Revenue From Operations / Share (Rs.), as of Mar 24, the value is 334.08. It has decreased from 356.39 (Mar 23) to 334.08, marking a decrease of 22.31.
For PBDIT / Share (Rs.), as of Mar 24, the value is 45.66. This value is within the healthy range. It has decreased from 53.29 (Mar 23) to 45.66, marking a decrease of 7.63.
For PBIT / Share (Rs.), as of Mar 24, the value is 31.44. This value is within the healthy range. It has decreased from 39.43 (Mar 23) to 31.44, marking a decrease of 7.99.
For PBT / Share (Rs.), as of Mar 24, the value is 27.85. This value is within the healthy range. It has decreased from 35.84 (Mar 23) to 27.85, marking a decrease of 7.99.
For Net Profit / Share (Rs.), as of Mar 24, the value is 20.88. This value is within the healthy range. It has decreased from 26.87 (Mar 23) to 20.88, marking a decrease of 5.99.
For NP After MI And SOA / Share (Rs.), as of Mar 24, the value is 22.20. This value is within the healthy range. It has decreased from 27.95 (Mar 23) to 22.20, marking a decrease of 5.75.
For PBDIT Margin (%), as of Mar 24, the value is 13.66. This value is within the healthy range. It has decreased from 14.95 (Mar 23) to 13.66, marking a decrease of 1.29.
For PBIT Margin (%), as of Mar 24, the value is 9.41. This value is below the healthy minimum of 10. It has decreased from 11.06 (Mar 23) to 9.41, marking a decrease of 1.65.
For PBT Margin (%), as of Mar 24, the value is 8.33. This value is below the healthy minimum of 10. It has decreased from 10.05 (Mar 23) to 8.33, marking a decrease of 1.72.
For Net Profit Margin (%), as of Mar 24, the value is 6.25. This value is within the healthy range. It has decreased from 7.53 (Mar 23) to 6.25, marking a decrease of 1.28.
For NP After MI And SOA Margin (%), as of Mar 24, the value is 6.64. This value is below the healthy minimum of 8. It has decreased from 7.84 (Mar 23) to 6.64, marking a decrease of 1.20.
For Return on Networth / Equity (%), as of Mar 24, the value is 6.94. This value is below the healthy minimum of 15. It has decreased from 9.28 (Mar 23) to 6.94, marking a decrease of 2.34.
For Return on Capital Employeed (%), as of Mar 24, the value is 9.01. This value is below the healthy minimum of 10. It has decreased from 11.34 (Mar 23) to 9.01, marking a decrease of 2.33.
For Return On Assets (%), as of Mar 24, the value is 5.27. This value is within the healthy range. It has decreased from 7.01 (Mar 23) to 5.27, marking a decrease of 1.74.
For Long Term Debt / Equity (X), as of Mar 24, the value is 0.04. This value is below the healthy minimum of 0.2. It has decreased from 0.10 (Mar 23) to 0.04, marking a decrease of 0.06.
For Total Debt / Equity (X), as of Mar 24, the value is 0.19. This value is within the healthy range. There is no change compared to the previous period (Mar 23) which recorded 0.19.
For Asset Turnover Ratio (%), as of Mar 24, the value is 0.81. It has decreased from 0.90 (Mar 23) to 0.81, marking a decrease of 0.09.
For Current Ratio (X), as of Mar 24, the value is 3.12. This value exceeds the healthy maximum of 3. It has decreased from 4.00 (Mar 23) to 3.12, marking a decrease of 0.88.
For Quick Ratio (X), as of Mar 24, the value is 1.09. This value is within the healthy range. It has decreased from 2.35 (Mar 23) to 1.09, marking a decrease of 1.26.
For Inventory Turnover Ratio (X), as of Mar 24, the value is 1.67. This value is below the healthy minimum of 4. It has decreased from 2.24 (Mar 23) to 1.67, marking a decrease of 0.57.
For Dividend Payout Ratio (NP) (%), as of Mar 24, the value is 15.75. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 23) to 15.75, marking an increase of 15.75.
For Dividend Payout Ratio (CP) (%), as of Mar 24, the value is 9.60. This value is below the healthy minimum of 20. It has increased from 0.00 (Mar 23) to 9.60, marking an increase of 9.60.
For Earning Retention Ratio (%), as of Mar 24, the value is 84.25. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 84.25, marking an increase of 84.25.
For Cash Earning Retention Ratio (%), as of Mar 24, the value is 90.40. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 90.40, marking an increase of 90.40.
For Interest Coverage Ratio (X), as of Mar 24, the value is 12.70. This value is within the healthy range. It has decreased from 14.84 (Mar 23) to 12.70, marking a decrease of 2.14.
For Interest Coverage Ratio (Post Tax) (X), as of Mar 24, the value is 6.81. This value is within the healthy range. It has decreased from 8.48 (Mar 23) to 6.81, marking a decrease of 1.67.
For Enterprise Value (Cr.), as of Mar 24, the value is 14,411.71. It has increased from 9,747.48 (Mar 23) to 14,411.71, marking an increase of 4,664.23.
For EV / Net Operating Revenue (X), as of Mar 24, the value is 1.52. This value is within the healthy range. It has increased from 0.96 (Mar 23) to 1.52, marking an increase of 0.56.
For EV / EBITDA (X), as of Mar 24, the value is 11.09. This value is within the healthy range. It has increased from 6.43 (Mar 23) to 11.09, marking an increase of 4.66.
For MarketCap / Net Operating Revenue (X), as of Mar 24, the value is 1.33. This value is within the healthy range. It has increased from 0.82 (Mar 23) to 1.33, marking an increase of 0.51.
For Retention Ratios (%), as of Mar 24, the value is 84.24. This value exceeds the healthy maximum of 70. It has increased from 0.00 (Mar 23) to 84.24, marking an increase of 84.24.
For Price / BV (X), as of Mar 24, the value is 1.39. This value is within the healthy range. It has increased from 0.97 (Mar 23) to 1.39, marking an increase of 0.42.
For Price / Net Operating Revenue (X), as of Mar 24, the value is 1.33. This value is within the healthy range. It has increased from 0.82 (Mar 23) to 1.33, marking an increase of 0.51.
For EarningsYield, as of Mar 24, the value is 0.05. This value is below the healthy minimum of 5. It has decreased from 0.09 (Mar 23) to 0.05, marking a decrease of 0.04.

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 Textiles Ltd (VTL) as of April 4, 2025 is: 255.86

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 Textiles Ltd (VTL) is Overvalued by 36.35% compared to the current share price 402.00

Intrinsic Value of Vardhman Textiles Ltd (VTL) as of April 4, 2025 is: 294.88

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 Textiles Ltd (VTL) is Overvalued by 26.65% compared to the current share price 402.00

Last 5 Year EPS CAGR: 15.25%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
The company has higher reserves (5,721.92 cr) compared to borrowings (2,262.31 cr), indicating strong financial stability. The company has shown consistent growth in sales (6.77 cr) and profit (374.08 cr) over the years.	The stock has a low average ROCE of 13.08%, which may not be favorable. The stock has a high average Working Capital Days of 153.92, which may not be favorable. The stock has a high average Cash Conversion Cycle of 270.42, 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 Textiles Ltd (VTL):
1. Net Profit Margin: 6.25%
  - 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: 9.01% (Industry Average ROCE: 32.24%)
  - 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%: 6.94% (Industry Average ROE: 10.84%)
  - 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): 6.81
  - 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: 1.09
  - 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: 13.7 (Industry average Stock P/E: 27.99)
  - 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: 0.19
  - 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 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. 9298.68 Cr. and Equity Capital is Rs. 57.83 Cr. for the Year ended 31/03/2024.

INDUSTRY	ADDRESS	CONTACT
Textiles - Spinning - Cotton Blended	Vardhman Premises, Chandigarh Road, Ludhiana Punjab 141010	secretarial.lud@vardhman.com http://www.vardhman.com

Management
Name	Position Held
Mr. Shri Paul Oswal	Chairman & Managing Director
Mrs. Suchita Jain	Vice Chairman & Jt Manag. Dir.
Mr. Neeraj Jain	Joint Managing Director
Mrs. Harpreet Kaur Kang	Independent Director
Mr. Sachit Jain	Non Executive Director
Mr. Prafull Anubhai	Independent Director
Ms. Sagrika Jain	Executive Director
Mr. Udeypaul Singh Gill	Independent Director
Mr. Suresh Kumar	Independent Director
Mr. Atul Khosla	Independent Director
Mr. Prem Kumar	Independent Director

FAQ

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

Vardhman Textiles Ltd (VTL)'s intrinsic value (as of 04 April 2025) is ₹255.86 — 36.35% lower the current market price of ₹402.00, indicating overvalued. Calculated using the PE ratio method, this valuation considers the company's 11,616 Cr. market cap, FY2025-2026 high/low of ₹592/361, reserves of 9,369 Cr, and liabilities of 11,651 Cr.

What is the Market Cap of Vardhman Textiles Ltd (VTL)?

The Market Cap of Vardhman Textiles Ltd (VTL) is 11,616 Cr..

What is the current Stock Price of Vardhman Textiles Ltd (VTL) as on 04 April 2025?

The current stock price of Vardhman Textiles Ltd (VTL) as on 04 April 2025 is 402.

What is the High / Low of Vardhman Textiles Ltd (VTL) stocks in FY 2025-2026?

In FY 2025-2026, the High / Low of Vardhman Textiles Ltd (VTL) stocks is ₹592/361.

What is the Stock P/E of Vardhman Textiles Ltd (VTL)?

The Stock P/E of Vardhman Textiles Ltd (VTL) is 13.7.

What is the Book Value of Vardhman Textiles Ltd (VTL)?

The Book Value of Vardhman Textiles Ltd (VTL) is 326.

What is the Dividend Yield of Vardhman Textiles Ltd (VTL)?

The Dividend Yield of Vardhman Textiles Ltd (VTL) is 1.00 %.

What is the ROCE of Vardhman Textiles Ltd (VTL)?

The ROCE of Vardhman Textiles Ltd (VTL) is 8.73 %.

What is the ROE of Vardhman Textiles Ltd (VTL)?

The ROE of Vardhman Textiles Ltd (VTL) is 7.09 %.

What is the Face Value of Vardhman Textiles Ltd (VTL)?

The Face Value of Vardhman Textiles Ltd (VTL) is 2.00.