SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

Vardhman Acrylics Ltd (VARDHACRLC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: VARDHACRLC Textile - Manmade Fibres | Small Cap | Vardhman Acrylics Share Price

BSE Share Price
Not Listed

Vardhman Acrylics Ltd (VARDHACRLC)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 0 NSE: VARDHACRLC Textile - Manmade Fibres | Small Cap | Vardhman Acrylics Share Price

BSE Share Price
Not Listed
Key Metrics
Valuation Multiples
Market Cap
₹366 Cr.
Current Price
₹0
52-Week Low / High
₹0 / 0
TTM EPS
₹3.4
TTM Sales
₹319 Cr.
Book Value per Share
₹31.6
P/E Ratio
13.42
Lower than its 5-year historical median
Industry PE
22.3
Price to Book (P/B)
1.44
Lower than its 5-year historical median
Price to Sales (P/S)
1.15
Lower than its 5-year historical median
EV/EBITDA
11.27
Lower than its 5-year historical median
Dividend Yield
3.73%
Profitability Efficiency
Return on Equity (ROE)
4.91%
Underperforms industry median
Return on Capital Employed (ROCE)
6.75%
Underperforms industry median
Return on Assets (ROA)
2.29%
Operating Profit Margin
1.3%
Net Profit Margin
4.2%
Gross Profit Margin
6.7%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-5.35%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-72.13%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-32.61%
Asset Quality
Promoter Holding
74.97%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹174 Cr.
Equity
₹80.4 Cr.
Face Value
₹10
All Time Low / High
- / -

Vardhman Acrylics stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is Vardhman Acrylics Ltd a good quality company?
Vardhman Acrylics Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Vardhman Acrylics Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vardhman Acrylics Ltd vs industry peers?
Vardhman Acrylics Ltd revenue CAGR is %, compared to the industry median CAGR of 0%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Vardhman Acrylics Ltd?
Promoters hold 74.97% of the Vardhman Acrylics Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Vardhman Acrylics Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -0.32% based on the current price.

10 Year X-Ray : Login to view analysis.

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.
Vardhman Acrylics Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 19.3%18.7%15.3%14.4%13.9%15.3%5.8%18.8%8.8%6.8%-

Growth Parameters

Sales 413337320392334280303427297282319
Sales YoY Gr.--18.3%-5.2%22.6%-14.7%-16.2%8.3%40.7%-30.3%-5.4%-
Adj EPS 2.93.843.84.35.11.13.41.60.83.4
YoY Gr.-30.1%7.5%-7.2%13.3%20.7%-78.6%211.8%-54.5%-46.2%-
BVPS (₹) 34.236.839.741.544.249.626.430.530.229.731.6
Adj Net
Profit
26.930.332.430.134.241.28.827.612.56.827
Cash Flow from Ops. 23.242.22.925.54.239.5-9.438.57.426.2-
Debt/CF from Ops. 000.500.30-0.300.20-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -4.2%-3.4%-2.5%-5.4%
Adj EPS -12.8%-27.7%-8.6%-46.2%
BVPS-1.6%-7.7%4%-1.8%
Share Price - 1.2% -5.8% 2.1%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
8.49.910.69.29.910.92.912.15.12.811.1
Op. Profit
Mgn %
10.711.39.97.1817.22.98.54.51.35.2
Net Profit
Mgn %
6.5910.27.710.214.72.96.54.22.48.6
Debt to
Equity
00000000000
Working Cap
Days
146193237215269314308233340357143
Cash Conv.
Cycle
311202115194530534297

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales413337320392334280303427297282
Operating Expenses + 368300288364308233294391284278
Manufacturing Costs36353336373234735645
Material Costs308236226298240169231283193199
Employee Cost 12141415161616182020
Other Costs 12141516151513171514
Operating Profit 443831282748936134
Operating Profit Margin (%) 10.7%11.1%9.8%7.1%8.0%17.0%2.9%8.5%4.5%1.3%
Other Income + 22252125271514131416
Exceptional Items 0000000000
Interest 0010010000
Depreciation 4555555563
Profit Before Tax 62574747485717432116
Tax 211681221431044
Profit After Tax 41413934464315331812
PAT Margin (%) 9.9%12.2%12.1%8.8%13.8%15.3%4.8%7.7%5.9%4.2%
Adjusted EPS (₹)4.45.14.84.35.85.31.84.12.21.5
Dividend Payout Ratio (%)114.10%29.30%41.70%58.30%0%0%1,379.90%61.10%91.70%102%

Valuation of Vardhman Acrylics - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 318295319334355398212245243239
Share Capital 93808080808080808080
Reserves 225215239253275318132165163158
Debt +1111103010
Long Term Debt0000000000
Short Term Debt1111103010
Minority Interest0000000000
Trade Payables31654169544147544367
Others Liabilities 148165171182183199202215218222
Total Liabilities 498526532585594639464515505528

Fixed Assets

Net Fixed Assets +61585552645956545658
Gross Block2356768718888919499103
Accumulated Depreciation17391419243035394446
CWIP 0000000400
Investments 256248260284160232134172169186
Inventories52795276606477837581
Trade Receivables25201610151113169
Cash Equivalents 19421251025444
Others Assets 125126141155175167182184186192
Total Assets 498526532585594639464515505528

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 2342326439-939726
PBT 62574747485717432116
Adjustment -17-20-15-15-20-9-7-2-6-10
Changes in Working Capital -76-126-155-128-322
Tax Paid -14-1-16-12-9-13-8-10-5-2
Cash Flow From Investing Activity + 43307-880-83190-3712-9
Capex -3-1-2-2-6-1-3-8-3-5
Net Investments 44285-8144-64107-3015-5
Others 2332-58-1885100
Cash Flow From Financing Activity + -68-63-15-20-24-1-198-3-20-17
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing 0000000000
Interest Paid -0-0-1-0-0-0-0-0-0-0
Dividend Paid -56-0-12-16-200-200-0-20-16
Others -12-63-2-4-3-12-21-1
Net Cash Flow -28-5-261-44-17-10-0

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)12.7613.4112.5510.5613.4311.394.7714.367.184.91
ROCE (%)19.2818.7115.3414.413.9315.265.8118.838.846.75
Asset Turnover Ratio0.880.720.620.70.570.460.550.880.590.55
PAT to CFO Conversion(x)0.561.020.080.760.090.91-0.61.180.392.17
Working Capital Days
Receivable Days1.403.6014.3016.7013.7015.7015.3010.2018.1016
Inventory Days5065.4073.606074.7079.7084.406896.4099.70
Payable Days57.7073.908567.1093.60103.3070.1065.5091.60101.20

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 Acrylics Ltd FAQs

The current trading price of Vardhman Acrylics on 01-Jan-1970 05:30 is ₹0.00.

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 31-Dec-1969 the market cap of Vardhman Acrylics stood at ₹365.6 Cr

The latest P/E ratio of Vardhman Acrylics as of 31-Dec-1969 is 13.42.

The latest P/B ratio of Vardhman Acrylics as of 31-Dec-1969 is 1.44.

The 52-week high of Vardhman Acrylics is ₹0.00 and the 52-week low is ₹0.00.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vardhman Acrylics is ₹319 ( Cr.) .

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

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

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

About Vardhman Acrylics Ltd

Vardhman Group ventured into the manufacture of Acrylic Fiber/Tow in 1999. The joint venture, Vardhman Acrylics (VAL) was set up together with two leading Japanese business houses namely Japan Exlan Co. a part of Toyobo Group of Japan and Marubeni Corporation Japan. Japan Exlan Co. Ltd. is a pioneer in manufacturing of Acrylic Fibre while Marubeni Corporation is trading houses in the world, with over 200 representative offices & more than 650 affiliated companies in 90 countries.

Today VAL is an important acrylic fibre producer and its state-of-the-art Wet Spun technology, highly automated and microprocessor controlled plant with distributed Controlled Systems, is one of the most sophisticated acrylic fibre plant in the world producing consistently superior quality fibre.

Vardhman is a major integrated textile producer in India. The group was set up in 1965 at Ludhiana, Northern India. Since then, the group has expanded manifold and is today, perhaps, the largest textile conglomerate in India.

The group portfolio includes manufacturing and marketing of Yarns, Fabrics, Sewing Threads, Fibre and Alloy Steel. The company has set up a 18000 TPA Acrylic Staple Fibre and tow production plant at Jhagadia, Distt. Bharuch in the state of Gujarat, India.

The world class wet spun technology for the manufacture of acrylic fiber / tow has been sourced from Japan Exlan Co. Japan. It is a state of the art, highly automated production facility making it amongst the most advanced plants of its type in the world.

VARLAN fibre has achieved a high order of recognition in Indian market for use in a very wide variety of applications like hand knitting yarns; machine knitting yarns for jerseys, sweaters etc.; sarees; dress materials; upholstery; furnishings; velvets; blankets; carpets and many more. The endeavors for developing newer and exciting applications of VARLAN fibre continue in close association with the users.

Product range of the company includes:

  • Acrylic Bright & Semi-dull Non shrinkable fibre in 1.2,1.5,2,3,5,7,10,15 deniers in a wide range of cut lenghts.
  • Acrylic Bright & Semi-dull Shrinkable fibre with different shrinkage levels in 2,3,5 deniers in a wide range of cut lengths
  • Acrylic Tow endless Bright & Semi dull in 2,3 denier.
  • Specialty acrylic fibres suitable for Open end spinning; Soft handle, Water absorbent applications etc.
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×