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Vardhman Industries Ltd (513534)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating 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

Vardhman Industries Ltd (513534)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating 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

Key Metrics
Valuation Multiples
Market Cap
₹1 Cr.
Current Price
₹1.5
52-Week Low / High
₹2 / 2
TTM EPS
₹31.4
TTM Sales
₹346 Cr.
Book Value per Share
₹-10.9
P/E Ratio
0.05
Industry PE
24.8
Price to Book (P/B)
-0.14
Price to Sales (P/S)
0.00
EV/EBITDA
0.23
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
4.19%
Return on Capital Employed (ROCE)
4.46%
Return on Assets (ROA)
2.77%
Operating Profit Margin
1.1%
Net Profit Margin
0.71%
Gross Profit Margin
1.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
3.38%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-62.02%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-70.04%
Asset Quality
Promoter Holding
60.35%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹-17 Cr.
Equity
₹7.9 Cr.
Face Value
₹10
All Time Low / High
₹1.00 / 66.90

Vardhman Industries stock performance

Key Ratios
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10 Year X-Ray :

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

Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23TTM
ROCE % 7.4%4.4%6.3%-10.1%-30.5%-4.6%-12.4%40.4%15.8%4.5%-
Value Creation
Index
-0.5-0.7-0.6-1.7-3.2NA-1.91.90.1-0.7-

Growth Parameters

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

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 -26.8% - - -

Key Financial Parameters

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

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
Exceptional Items 000-23.44-13.540-6.90000
Interest 8.485.825.577.344.510.040.572.451.890.51
Depreciation 6.637.065.865.815.925.915.452.882.773.22
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 (%)14.80%22.50%0%0%0%0%0%0%0%0%

Valuation of Vardhman Industries - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

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
Debt +112.7587.2971.51117.25118.88118.8818.7114.6810.420
Long Term Debt38.6322.7015.7818.5719.1819.1818.7114.6810.420
Short Term Debt74.1164.5955.7398.6899.7099.700000
Minority Interest0000000000
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

Net Fixed Assets +84.6777.6074.7671.4066.5460.6322.4921.4220.9826.32
Gross Block125.67130.98133.62136.08137.14137.1484.5986.1574.9983.08
Accumulated Depreciation4153.3858.8764.6870.6076.5162.0964.7354.0156.77
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 Assets 9.7111.3229.1852.6539.9241.905.895.6827.611.68
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 -0.53-0.68-0.57-0.14-0.03-00-0.2400
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 -8.48-5.82-5.57-7.30-4.44-0-0.16-2.09-1.89-0.51
Dividend Paid -0-0.790.790000000
Others -0.12-9.66-8.7242.951.020.0115.680-0-0
Net Cash Flow 1.20-1.650.96-1.492.30-0.69-0.4511.82-7.80-2.89

Financial Ratio

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 Days69.20100.9088.5077.2035.505.4026.2012.907.204.90
Inventory Days36.5045.2039.3047.7052.9044.2088.1033.8032.6038.30
Payable Days32.2033.1036.6040.5012.801477.2023.8015.4017.30

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vardhman Industries Ltd FAQs

The current trading 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 23-Dec-2019 the market cap of Vardhman Industries stood at ₹1.20 Cr

The latest P/E ratio of Vardhman Industries as of 23-Dec-2019 is 0.05.

The latest P/B ratio of Vardhman Industries as of 23-Dec-2019 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 ( Cr.) .

Data is not available for this company.

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

No data found

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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