Is Vardhman Polytex a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vardhman Polytex Ltd is a average quality company .

Is Vardhman Polytex undervalued or overvalued?

The key valuation ratios of Vardhman Polytex Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Vardhman Polytex share price return in the past 10 years?

Vardhman Polytex Ltd share price has appreciated 8.5% annually (CAGR) over the past ten years.

Is Vardhman Polytex a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Vardhman Polytex Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Vardhman Polytex Ltd - Stock Valuation and Financial Performance

Name: Vardhman Polytex
Brand: Vardhman Polytex

BSE: 514175 | NSE: VARDMNPOLY | Textile | Small Cap

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Vardhman Polytex Share Price

₹78.70 0.69 0.88%
as on 18-Apr'24 16:01

10 Year X-Ray of Vardhman Polytex:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
ROCE % ⓘ	9.5%	7.9%	10.6%	8.4%	-118.6%	-34.5%	113.3%	-8.2%	17.3%	-23%	-
Value Creation Index ⓘ	-0.3	-0.4	-0.2	-0.4	NA	NA	7.1	NA	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	923	942	878	859	621	811	561	508	929	616	460
Sales YoY Gr.	-	2.1%	-6.8%	-2.2%	-27.7%	30.5%	-30.8%	-9.3%	82.7%	-33.7%	-
Adj EPS ⓘ	2.1	-3.3	2.6	-0.3	-190.2	-33.2	45.8	-25.5	-7	-29.7	-13
YoY Gr.	-	-256.9%	NA	-110.9%	NA	NA	NA	-155.6%	NA	NA	-
BVPS (₹) ⓘ	60	57.7	48.2	48.2	-142.1	-175.7	-130.4	-156.2	-163.1	-162.5	-135.5
Adj Net Profit ⓘ	4.2	-7.4	5.8	-0.6	-424	-74	102	-56.8	-15.5	-66.2	-36
Cash Flow from Ops. ⓘ	61.7	76.2	108	75.7	49.4	63.5	13.5	24	61.5	40.3	-
Debt/CF from Ops. ⓘ	7.6	5.9	3.8	5.2	9.1	7	36.5	21.8	8.6	11.1	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-4.4%	-0.2%	3.2%	-33.7%
Adj EPS ⓘ	-234.2%	NA	-186.5%	NA
BVPSⓘ	-211.7%	NA	NA	NA
Share Price	8.5%	56.4%	68%	80.7%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	TTM
Return on Equity % ⓘ	3.6	-5.7	4.9	-0.6	405	20.9	-30	17.8	4.4	18.2	8.8
Op. Profit Mgn % ⓘ	10	6.7	7	7.7	-6.6	0.2	0	2.8	6.3	-5.8	-12.2
Net Profit Mgn % ⓘ	0.5	-0.8	0.7	-0.1	-68.2	-9.1	18.2	-11.2	-1.7	-10.8	-7.7
Debt to Equity ⓘ	3.9	3.5	3.8	3.7	-1.4	-1.1	-1.7	-1.5	-1.5	-1.2	-
Working Cap Days ⓘ	91	107	114	101	100	39	42	50	35	55	25
Cash Conv. Cycle ⓘ	28	40	41	34	35	3	-16	-32	-20	-50	-211

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 8.80%

Sales growth has been subdued in last 3 years 3.16%

Sales growth is not so good in last 4 quarters at -30.98%

Latest Financials - Vardhman Polytex Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-13	-5.7
TTM Sales (₹ Cr.)	460	929
BVPS (₹.) ⓘ	-135.5	0
Reserves (₹ Cr.) ⓘ	-397	-371
P/BV ⓘ	-0.58	0.00
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	37.05 / 85.92
All Time Low / High (₹)	1.72 / 150.00
Market Cap (₹ Cr.)	213
Equity (₹ Cr.)	27.3
Face Value (₹)	10
Industry PE ⓘ	28.5

Management X-Ray of Vardhman Polytex:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

81.49

81.52

* Pledged shares as % of Promoter's holding (%)

Valuation of Vardhman Polytex

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Vardhman Polytex

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Sales	923	942	878	859	621	811	561	508	929	616
Operating Expenses ⓘ	832	880	816	793	662	810	561	494	870	652
Manufacturing Costs	110	128	145	107	85	108	71	71	112	67
Material Costs	613	645	566	601	487	618	430	366	677	524
Employee Cost	53	55	55	55	48	57	45	39	57	45
Other Costs ⓘ	55	53	51	30	42	26	15	19	23	16
Operating Profit ⓘ	91	63	62	66	-41	1	0	14	59	-36
Operating Profit Margin (%)	9.9%	6.7%	7.0%	7.7%	-6.6%	0.1%	-0.1%	2.8%	6.3%	-5.9%
Other Income ⓘ	20	24	50	15	5	3	3	3	4	6
Interest ⓘ	75	76	74	62	68	60	60	59	64	53
Depreciation ⓘ	33	32	28	21	21	18	16	15	14	12
Exceptional Items ⓘ	0	-36	0	0	-299	0	174	0	0	97
Profit Before Tax ⓘ	3	-58	9	-1	-424	-74	102	-57	-16	1
Tax ⓘ	-1	-29	0	0	0	0	0	0	0	0
Profit After Tax	5	-29	9	-1	-424	-74	102	-57	-16	1
PAT Margin (%)	0.5%	-3.1%	1.0%	-0.1%	-68.2%	-9.2%	18.2%	-11.2%	-1.7%	0.2%
Adjusted EPS (₹)	2.4	-12.9	4.0	-0.3	-190.0	-33.3	45.7	-25.4	-7.0	0.7
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Equity and Liabilities
Shareholders Fund	119	129	107	107	-317	-392	-291	-348	-364	-362
Share Capital ⓘ	20	22	22	22	22	22	22	22	22	22
Reserves ⓘ	99	106	85	85	-339	-414	-313	-370	-386	-385
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	386	392	355	351	378	445	489	522	528	447
Long Term Debt	261	228	194	164	132	7	2	1	0	0
Short Term Debt	124	164	162	186	245	439	487	521	528	447
Trade Payables	66	69	64	69	41	44	62	75	101	143
Others Liabilities ⓘ	127	73	65	48	244	176	2	6	11	13
Total Liabilities ⓘ	697	662	592	575	345	274	262	255	276	241
Fixed Assets
Gross Block	571	584	592	611	613	608	593	592	582	577
Accumulated Depreciation	287	326	353	372	389	402	402	414	416	423
Net Fixed Assetsⓘ	283	258	239	238	224	206	191	178	165	154
CWIP ⓘ	8	4	7	5	3	0	0	0	0	0
Investmentsⓘ	137	92	92	97	5	5	5	0	0	0
Inventories	92	138	73	77	43	21	21	19	44	16
Trade Receivables	66	53	74	77	28	9	6	8	11	0
Cash Equivalents	13	9	6	7	2	0	0	0	0	0
Others Assetsⓘ	98	108	101	74	41	33	40	50	56	70
Total Assets ⓘ	697	662	592	575	345	274	262	255	276	241

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Cash Flow From Operating Activity ⓘ	62	76	108	76	49	63	13	24	61	40
PBT ⓘ	3	-58	9	-1	-424	-74	102	-57	-16	1
Adjustment ⓘ	90	124	56	67	390	81	-100	73	85	-32
Changes in Working Capital ⓘ	-32	11	43	10	84	58	12	7	-8	70
Tax Paid ⓘ	0	0	0	0	-1	-1	0	0	0	0
Cash Flow From Investing Activity ⓘ	-11	1	-7	-20	-5	-1	0	-1	-1	-1
Capex	-13	-11	-9	-24	-6	-1	0	-2	-1	-1
Net Investments	0	10	0	0	0	0	0	0	0	0
Others ⓘ	2	3	2	4	1	0	0	0	0	0
Cash Flow From Financing Activityⓘ	-64	-79	-104	-55	-50	-64	-14	-23	-61	-39
Net Proceeds from Shares ⓘ	21	4	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-53	-51	-38	-26	-32	-195	-1	0	-1	-1
Interest Paid ⓘ	-65	-72	-64	-55	-76	-62	-58	-56	-66	-5
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	33	40	-3	25	59	193	45	34	7	-34
Net Cash Flow ⓘ	-13	-2	-4	1	-5	-1	0	0	0	0

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'14	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23
Ratios
ROE (%)	4.32	-23.28	7.64	-0.62	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	13.15	3.1	15.29	12	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	1.35	1.39	1.4	1.47	1.35	2.62	2.09	1.97	3.5	2.39
PAT to CFO Conversion(x)	12.4	N/A	12	N/A	N/A	N/A	0.13	N/A	N/A	40
Working Capital Days
Receivable Days	24	23	26	32	31	8	5	5	4	3
Inventory Days	28	45	44	32	35	14	13	14	12	18
Payable Days	34	38	43	40	41	25	45	68	47	85

Vardhman Polytex Ltd Stock News

Vardhman Polytex Ltd FAQs

What is the share price of Vardhman Polytex?

Company share prices are keep on changing according to the market conditions. The closing price of Vardhman Polytex on 18-Apr-2024 16:01 is ₹78.70.

What is the market cap of Vardhman Polytex?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 18-Apr-2024 16:01 the market cap of Vardhman Polytex stood at ₹212.9.

What is the P/E ratio of Vardhman Polytex?

The latest P/E ratio of Vardhman Polytex as of 18-Apr-2024 16:01 is 0.00.

What is the P/B ratio of Vardhman Polytex?

The latest P/B ratio of Vardhman Polytex as of 18-Apr-2024 16:01 is -0.58.

What is the 52-week high and low of Vardhman Polytex?

The 52-week high of Vardhman Polytex is ₹85.92 and the 52-week low is ₹37.05.

What is the TTM revenue of Vardhman Polytex?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vardhman Polytex is ₹460.1 ( Cr.) .

About Vardhman Polytex Ltd

Vardhman Polytex, was promoted as a Joint Sector Company by Mohta Industries (MILs) and Punjab State Industrial Development Corporation, (PSIDCs), and was incorporated in the name of Punjab Mohta Polytex . The company got its present name in 1989. The registered and corporate office of the company is located at Chandigarh Road, Ludhiana.

Vardhman Polytex is one of leading textile players of the Punjab. The company usually exports 30% of its products to the other country.It has its production facilities for cotton yarn spinning in Bathinda (Punjab), Baddi (Himachal Pradesh) and a worsted spinning unit in Ludhiana (Punjab). With the addition of 25,000 spindles in Ludhiana, the company would have a total installed capacity close to 125,000 spindles. It has also set up an independent cotton purchase office in Bathinda for the selection and procurement of cotton.

The Main Area of business:-

Vardhman Polytex is engaged in the manufacture of yarn. It is also engaged in cotton spinning and line manufacturing, staple fiber yarn machine combing and re-combing of all types of fibers. It produces various categories of yarns like cotton, polyester cotton blended, synthetic, acrylic and dyed yarns.

Its subsidiaries:-