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Vardhman Polytex Ltd (VARDMNPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514175 NSE: VARDMNPOLY Textile | Small Cap | Vardhman Polytex Share Price

₹7.08 -0.12 (-1.67%)

As on 10-Jun'26 16:59

Vardhman Polytex Ltd (VARDMNPOLY)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 514175 NSE: VARDMNPOLY Textile | Small Cap | Vardhman Polytex Share Price

₹7.08 -0.12 (-1.67%)

As on 10-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹348 Cr.
Current Price
₹7.1
52-Week Low / High
₹5 / 13
TTM EPS
₹0.2
TTM Sales
₹237 Cr.
Book Value per Share
₹-4.2
P/E Ratio
45.27
Higher than its 3-year historical median
Industry PE
36.2
Price to Book (P/B)
-1.70
Lower than its 5-year historical median
Price to Sales (P/S)
1.47
Higher than its 5-year historical median
EV/EBITDA
17.22
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
0.00%
Underperforms industry median
Return on Capital Employed (ROCE)
0.00%
Underperforms industry median
Return on Assets (ROA)
6.62%
Operating Profit Margin
4.2%
Net Profit Margin
5.24%
Gross Profit Margin
8.4%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
-23.11%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
37.50%
Pledged shares (%) of Promoter's holding (%)
60.34%
Reserves
₹-253 Cr.
Equity
₹48.3 Cr.
Face Value
₹1
All Time Low / High
₹0.15 / 15.30

Vardhman Polytex stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Overvalued

Price Trend

Semi Strong
Q.1 Is Vardhman Polytex Ltd a good quality company?
Vardhman Polytex Ltd is a average quality company, based on a somewhat consistent 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 Polytex Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Vardhman Polytex Ltd vs industry peers?
Vardhman Polytex Ltd revenue CAGR is -12.66%, compared to the industry median CAGR of 0%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Vardhman Polytex Ltd?
Promoters hold 37.50% of the Vardhman Polytex Ltd, with 60.34% of their stake pledged, indicating high pledge risk.
Q.1 Stock return of Vardhman Polytex Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 4.8% based on the current price.

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.
Vardhman Polytex Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 15.3%12%-112.1%-15.4%127.1%1.3%28.6%43.8%0%0%-
Value Creation
Index
0.1-0.1NANANANANANANANA-

Growth Parameters

Sales 878859621811561508929616371285237
Sales YoY Gr.--2.2%-27.7%30.5%-30.8%-9.3%82.7%-33.7%-39.8%-23.1%-
Adj EPS 0.2-0-16.8-2.9-0.8-2.3-0.6-2.6-1.30.10.2
YoY Gr.--108.7%NANANANANANANANA-
BVPS (₹) 4.34.3-12.5-15.5-11.5-13.8-14.4-14.3-11.9-5.3-4.2
Adj Net
Profit
5.8-0.6-424-74-19.9-56.8-15.5-66.2-38.64.68
Cash Flow from Ops. 10875.749.463.513.52461.540.3-13.8-98.3-
Debt/CF from Ops. 3.85.29.1736.521.88.611.1-5.5-0.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales -11.8%-12.7%-32.6%-23.1%
Adj EPS -8.8%NANANA
BVPS-202.5%NANANA
Share Price 5.4% 29% 17.3% -41.6%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
4.9-0.640520.95.817.84.418.210.7-1.6-3.4
Op. Profit
Mgn %
77.7-6.60.2-0.22.86.3-5.8-12.74.26
Net Profit
Mgn %
0.7-0.1-68.2-9.1-3.5-11.2-1.7-10.8-10.41.63.3
Debt to
Equity
3.83.7-1.4-1.1-1.7-1.5-1.5-1.2-0.2-0.2-
Working Cap
Days
11410110039425035558212291
Cash Conv.
Cycle
4134353-16-32-20-49-127-150-32

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales878859621811561508929616371285
Operating Expenses + 816793662810562494870652418273
Manufacturing Costs158107851087266106624531
Material Costs566601487618430372686530325208
Employee Cost 55554857453957453825
Other Costs 383042261518211499
Operating Profit 6266-411-21459-36-4712
Operating Profit Margin (%) 7.0%7.7%-6.6%0.1%-0.3%2.8%6.3%-5.9%-12.7%4.2%
Other Income + 50155343463426
Exceptional Items 00-2990174009700
Interest 7462686060596453314
Depreciation 2821211816151412109
Profit Before Tax 9-1-424-74102-57-161-2715
Tax 0000000000
Profit After Tax 9-1-424-74102-57-161-2715
PAT Margin (%) 1.0%-0.1%-68.2%-9.2%18.2%-11.2%-1.7%0.2%-7.2%5.2%
Adjusted EPS (₹)0.4-0.0-16.8-2.94.0-2.2-0.60.1-0.90.3
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Vardhman Polytex - 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 107107-317-392-291-348-364-362-369-243
Share Capital 22222222222222222746
Reserves 8585-339-414-313-370-386-385-396-289
Debt +3553513784454895225284474716
Long Term Debt194164132721004516
Short Term Debt16218624543948752152844720
Minority Interest0000000000
Trade Payables64694144627510114318697
Others Liabilities 6548244176261113361355
Total Liabilities 592575345274262255276241225226

Fixed Assets

Net Fixed Assets +239238224206191178165154129113
Gross Block592611613608593592582577385357
Accumulated Depreciation353372389402402414416423256244
CWIP 7530000003
Investments 929200000000
Inventories73774321211944161744
Trade Receivables74772896811004
Cash Equivalents 6720000010
Others Assets 101794638455056707961
Total Assets 592575345274262255276241225226

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 10876496313246140-14-98
PBT 9-1-424-74102-57-161-2715
Adjustment 566739081-1007385-32-20-1
Changes in Working Capital 43108458127-87033-112
Tax Paid -0-0-1-1000000
Cash Flow From Investing Activity + -7-20-5-10-1-1-12631
Capex -9-24-6-1-0-2-1-12623
Net Investments 0000000000
Others 2410000018
Cash Flow From Financing Activity + -104-55-50-64-14-23-61-39-1267
Net Proceeds from Shares 0000000000
Net Proceeds from Borrowing -38-26-32-195-1-0-1-1-19-36
Interest Paid -64-55-76-62-58-56-66-5-1-14
Dividend Paid 0000000000
Others -3255919345347-349117
Net Cash Flow -41-5-1-0-0001-1

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)7.64-0.62N/AN/AN/AN/AN/AN/AN/AN/A
ROCE (%)15.2912N/AN/AN/AN/AN/AN/AN/AN/A
Asset Turnover Ratio1.41.471.352.622.091.973.52.391.591.26
PAT to CFO Conversion(x)12N/AN/AN/A0.13N/AN/A40N/A-6.53
Working Capital Days
Receivable Days26.303230.608.104.6053.803.200.102.70
Inventory Days43.8031.9035.2014.2013.5014.2012.3017.6016.1038.80
Payable Days42.7040.3041.1025.1045.1067.3046.8084185248.50

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *81.5281.5281.5281.5281.5269.6269.6269.6269.6260.34
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Vardhman Polytex Ltd FAQs

The current trading price of Vardhman Polytex on 10-Jun-2026 16:59 is ₹7.08.

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 09-Jun-2026 the market cap of Vardhman Polytex stood at ₹347.8 Cr

The latest P/E ratio of Vardhman Polytex as of 09-Jun-2026 is 45.27.

The latest P/B ratio of Vardhman Polytex as of 09-Jun-2026 is -1.70.

The 52-week high of Vardhman Polytex is ₹13.00 and the 52-week low is ₹5.02.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vardhman Polytex is ₹237 ( Cr.) .

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

The key valuation ratios of Vardhman Polytex 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 Semi Strong which suggest that the price of Vardhman Polytex Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

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:-

  • Oswal F.M. Hammerle (India)
  • F.M. Hammerle Verwaultungs Gmbh, Austria  
  • F.M. Hammerle Nfg Gmbh, Austria   
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