Vardhman Industries Ltd - Stock Valuation and Financial Performance

BSE: 513534 | NSE: | Steel & Iron Products | Small Cap

Vardhman Industries Share Price

1.52 0.00 0.00%
as on 24-Dec'19 18:01

DeciZen - make an informed investing decision on Vardhman Industries

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Vardhman Industries stock performance -

mw4me loader
P/E Ratio (SA):
0.05
Market Cap:
1.2 Cr.
52-wk low:
1.5
52-wk high:
1.5

Is an attractive stock to invest in?

1. Is a good quality company?

Data is not available for this company.

2. Is undervalued or overvalued?

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

3. Is a good buy now?

No data found

10 Year X-Ray of Vardhman Industries:

Analysis of Financial Track Record

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

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

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.

Value Creation

Value Creation Index Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 5.4%4.1%5.1%-1.5%-26.1%-4.6%6.7%39.2%15.7%4.1%-
Value Creation
Index
-0.6-0.7-0.6-1.1-2.9NA-0.51.80.1-0.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 40028324518712674.592.5346443458346
Sales YoY Gr.--29.2%-13.5%-23.9%-32.5%-40.8%24.1%274.6%27.9%3.4%-
Adj EPS 6.84.66-9.6-53.3-711.85525.20.531.4
YoY Gr.--32.6%31.4%-261.2%NANANA367.7%-54.1%-98.1%-
BVPS (₹) 101.397.2104.374.74.2-6.976.4131.815613.5-10.9
Adj Net
Profit
5.33.64.7-7.6-42.1-5.55.324.711.43.125
Cash Flow from Ops. -17.83524.7-38.69.9-0.7-120.223.9-1.5-
Debt/CF from Ops. -6.92.83.2-312-169.1-23.10.90.60-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 1.5%29.5%70.5%3.4%
Adj EPS -25.3%NA-65.3%-98.1%
BVPS-20.1%26.5%-43.9%-91.4%
Share Price -24.4% -7% - -

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
Return on
Equity %
6.94.65.9-10.8-134.9529.736.552.817.542443.6
Op. Profit
Mgn %
5.55.56.76.5-21.80.528.63.21.1-0.4
Net Profit
Mgn %
1.31.31.9-4.1-33.4-7.45.77.12.60.77.2
Debt to
Equity
1.51.31235.6-220.70.30.20-
Working Cap
Days
125159156199218250209535355155
Cash Conv.
Cycle
771159286773757242527-148

Recent Performance Summary

No data to display

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

Sales growth has been subdued in last 3 years %

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

Latest Financials - Vardhman Industries Ltd.

Standalone Consolidated
TTM EPS (₹) 31.4 -65.3
TTM Sales (₹ Cr.) 346 126
BVPS (₹.) -10.9 -7.5
Reserves (₹ Cr.) -17 -14
P/BV -0.14 -0.20
PE 0.05 0.00
From the Market
52 Week Low / High (₹) 1.52 / 1.52
All Time Low / High (₹) 1.00 / 66.90
Market Cap (₹ Cr.) 1.2
Equity (₹ Cr.) 7.9
Face Value (₹) 10
Industry PE 27.7

Management X-Ray of Vardhman Industries:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Vardhman Industries

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Sales400.27283.34245.14186.50125.8174.5292.49346.42443.17458.16
Operating Expenses 378.22267.96228.70174.34153.1974.1390.69316.53429.69453.04
Manufacturing Costs19.724.442.771.424.370.582.194.754.705.97
Material Costs342.18248.97215.48167.29137.1167.6383.21302.43413.78436.48
Employee Cost 5.245.203.252.413.943.323.684.224.874.98
Other Costs 11.089.367.213.227.762.601.605.136.345.61
Operating Profit 22.0515.3816.4312.16-27.380.391.8029.8913.485.12
Operating Profit Margin (%) 5.5%5.4%6.7%6.5%-21.8%0.5%1.9%8.6%3.0%1.1%
Other Income 000.010.021.260.070.040.232.071.88
Interest 8.485.825.577.344.510.040.572.451.890.51
Depreciation 6.637.065.865.815.925.915.452.882.773.22
Exceptional Items 000-23.44-13.540-6.90000
Profit Before Tax 6.942.505.01-24.40-50.08-5.49-11.0824.7910.883.26
Tax 1.61-10.30-0.391.460-11.54000
Profit After Tax 5.333.504.71-24.02-51.54-5.490.4624.7910.883.26
PAT Margin (%) 1.3%1.2%1.9%-12.9%-41.0%-7.4%0.5%7.2%2.5%0.7%
Adjusted EPS (₹)6.84.46.0-30.4-65.3-7.01.055.124.20.5
Dividend Payout Ratio (%)15%23%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23

Equity and Liabilities

Shareholders Fund 80.0576.7982.4259.043.34-5.4234.3859.3270.1885.69
Share Capital 7.957.957.957.957.957.954.504.504.5063.50
Reserves 72.1068.8474.4751.09-4.61-13.3629.8854.8265.6822.19
Minority Interest0000000000
Debt112.7587.2971.51117.25118.88118.8818.7114.6810.420
Long Term Debt38.6322.7015.7818.5719.1819.1818.7114.6810.420
Short Term Debt74.1164.5955.7398.6899.7099.700000
Trade Payables32.5712.5830.666.453.172.0133.196.1628.8012.58
Others Liabilities 37.9631.7927.5115.9314.3716.375.7616.0315.0912.89
Total Liabilities 263.32208.45212.10198.66139.76131.8592.0496.19124.49111.15

Fixed Assets

Gross Block125.67130.98133.62136.08137.14137.1484.5986.1574.9983.08
Accumulated Depreciation4153.3858.8764.6870.6076.5162.0964.7354.0156.77
Net Fixed Assets84.6777.6074.7671.4066.5460.6322.4921.4220.9826.32
CWIP 00.6000000.290.7510.27
Investments 19.0718.7619.8419.7619.2015.8914.4614.5214.2414.14
Inventories42.6332.8523.4829.348.549.5135.1429.0550.0445.98
Trade Receivables103.4065.1261.6823.821.590.6312.6311.935.656.70
Cash Equivalents 3.852.203.161.673.973.291.1312.844.9616.07
Others Assets9.7111.3229.1852.6539.9241.905.895.6827.611.68
Total Assets 263.32208.45212.10198.66139.76131.8592.0496.19124.49111.15

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Cash Flow From Operating Activity -17.8234.9624.71-38.639.90-0.70-0.9720.1823.91-1.53
PBT 6.942.505.01-24.40-50.08-5.49-11.0824.7910.883.26
Adjustment -21.5711.6611.4312.8523.065.9912.415.213.652.09
Changes in Working Capital -2.6621.478.85-26.9336.96-1.2-2.3-9.599.38-6.89
Tax Paid -0.53-0.68-0.57-0.14-0.0300-0.2400
Cash Flow From Investing Activity 43.24-4.85-3.50-1.34-2.880.01-0.33-2.19-24.680.53
Capex 800-2.43-2.46-1.620-0.35-2.20-6.58-6.92
Net Investments -7.891.58-1.081.11-1.26000-0.02-13.90
Others -28.86-6.430000.010.020.02-18.0821.35
Cash Flow From Financing Activity -24.22-31.76-20.2438.48-4.7200.84-6.17-7.03-1.89
Net Proceeds from Shares 0000004.5000-0.53
Net Proceeds from Borrowing -15.63-15.49-6.732.83-1.300-19.18-4.08-5.14-0.85
Interest Paid -8.48-5.82-5.57-7.30-4.440-0.16-2.09-1.89-0.51
Dividend Paid 0-0.790.790000000
Others -0.12-9.66-8.7242.951.020.0115.68000
Net Cash Flow 1.20-1.650.96-1.492.30-0.69-0.4511.82-7.80-2.89
PARTICULARSMar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23
Ratios
ROE (%)6.854.475.92-33.98-165.54N/A3.1652.9116.84.19
ROCE (%)7.394.426.3-10.09-30.53N/A-12.3540.4215.794.46
Asset Turnover Ratio1.631.291.240.980.770.550.833.684.023.89
PAT to CFO Conversion(x)-3.349.995.25N/AN/AN/A-2.110.812.2-0.47
Working Capital Days
Receivable Days691018877355261375
Inventory Days37453948534488343338
Payable Days32333740131477241517

Vardhman Industries Ltd Stock News

Vardhman Industries Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Vardhman Industries on 24-Dec-2019 18:01 is ₹1.52.
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 24-Dec-2019 18:01 the market cap of Vardhman Industries stood at ₹1.20.
The latest P/E ratio of Vardhman Industries as of 24-Dec-2019 18:01 is 0.05.
The latest P/B ratio of Vardhman Industries as of 24-Dec-2019 18:01 is -0.14.
The 52-week high of Vardhman Industries is ₹1.52 and the 52-week low is ₹1.52.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vardhman Industries is ₹346.4 ( Cr.) .

About Vardhman Industries Ltd

Vardhman Industries was originally incorporated as a Private Limited Company on December 5, 1984

The company is one of the leading manufacturers, wholesale suppliers and exporters of a wide range of galvanized tubes, galvanized coils, galvanized steel tubes, galvanized steel coils, precision steel tubes, galvanized steel pipes, steel square tube, galvanized sheets, corrugated steel tubes, cold rolled steel sheets etc. Flawlessly engineered using latest technology, our entire range of products meet with international quality standards and immensely used for different industrial and household applications.

Vardhman Industries  manufacturers GP/GC, under the brand name of OSWAL, in size range of 0.14 mm to 0.8 mm thickness, and width of upto 1250 mm, conforming to all leading national and international specifications

The state of the art manufacturing facility is located at GT Road, village - Beopror, shambu Near Rajpura, Distt-Patiala (Pb) with an annual capacity of production 50,000 mt.

Vardhman Industries.(VIL) manufacturers GP/GC under the brand name of OSWAL, in size range of 0.14 mm to 0.8 mm thickness, and width of upto 1100 mm, conforming to all leading national & international specifications.

VIL's pride is its technically advanced Colour Coating Plant, a state-of-the-art facility capable of matching and surpassing international standards, across a range of applications and systems.

Product range of the company includes:

Vardhman Industries is the leading manufacturer and exporter of galvanized pipes, steel pipes, steel square pipe, steel black pipes, industrial steel pipes, steel rectangular pipe, steel square pipes, galvanized steel pipes and more.

  • Galvanized Coils/Sheets (Plain/Corrugated)
  • Colour Coated Products (PPGP)
  • Trapezoidal Profile and Tiles
  • Cold Rolled Products
  • Galvanized / Black Pipes
  • Precision Tubes

Achievements/ recognition:-

  • ISO 9001-2000
  • Highest export award
  • The company is a 2 star export house 
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