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Vardhman Polytex Ltd (VARDMNPOLY)

₹8.673.34%

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Overview
News
Financials
Q3 '23 Results
Technicals

Performance

  • Day's Low

    Day's High

    ₹8.56
    ₹9.09
  • 52 Week's Low

    52 Week's High

    ₹4.89
    ₹12.3
1 Month Return-19.26 %
3 Month Return+ 13.54 %
1 Year Return+ 41.48 %
Previous Close₹8.97
Open₹8.97
Volume3.52L
Upper Circuit-
Lower Circuit-
Market Cap₹244.80Cr

Key Statistics

P/E Ratio-22.87
PEG Ratio-10.62
Market Cap₹244.80 Cr
P/B Ratio-0.15
EPS0

Company Information

Vardhman Polytex (VPL) was established by Mohta Industries (MIL) and Punjab State Industrial Development Corporation (PSIDC) as Punjab Mohta Polytex in a joint venture. They raised funds through a Rights issue at Rs. 60 and under which Rs. 24.92 crore and 28.48 lakh 13th secured NCDs of Rs. 250, aggregating Rs. 71.21 crore in Jan. 95 to set up a 100 EOU with an installed capacity of 25200 spindles in Punjab, to expand its plants and meet long-term working capital requirements. VPL specializes in producing coarse, medium and fine counts of 100% cotton yarn along with 100% acrylic yarn and tyre cord yarn. Their products are exported to UK, Belgium, Italy, Germany, Korea, Australia, New Zealand, Hong Kong and Taiwan. In 1998-99 VPL expanded the Baddi unit to 19872 spindles, costing them Rs. 41 crore and further upgraded the Bathinda unit with an investment of Rs. 34 crore. In 2001 further expansion resulted in an increase of spindles at a cost of Rs. 2845 Lacs. The total cost was financed partly through internal accruals and term loans from financial institutions and the company is planning on further expanding and enhancing their capacity to 25000 spindles and a dye house at Focal point-Ludhiana.

Share Price: ₹8.67 per share as on 15 Jul, 2024 04:01 PM
Market Capitalisation: ₹244.80Cr as of today
Revenue: ₹278.06Cr as on March 2022 (Q1 22)
Net Profit: ₹-6.77Cr as on March 2022 (Q1 22)
Listing date: 03 Jan, 1995
Chairperson Name: Adish Oswal
OrganisationVardhman Polytex Ltd
HeadquartersLudhiana
IndustryTextiles
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Key events for Vardhman Polytex Ltd

  • Vardhman Polytex's Poor Financial Performance Raises Concerns - 12 Jun, 2024

    Vardhman Polytex Ltd's declining revenues and poor financial performance have led to a P/S ratio comparable to the rest of the industry, despite revenue falling by 36% in the last year. The company's future growth prospects are also bleak compared to the expected 12% growth for the rest of the industry. Investors may find it hard to accept the share price as fair value unless conditions improve markedly.

  • Vardhman Polytex Reports Net Profit in Q4 - 28 May, 2024

    Vardhman Polytex reported a net profit of Rs 0.95 crore in the quarter ended March 2024, compared to a net loss of Rs 7.89 crore in the same period last year. However, sales declined by 54.83% to Rs 73.69 crore. For the full year, the company reported a net loss of Rs 26.76 crore and a decline in sales by 39.78% to Rs 370.64 crore.

  • Vardhman Polytex Reports Increase in Quarterly Net Profit - 27 May, 2024

    Vardhman Polytex reported a quarterly net profit of Rs. 0.95 crore in March 2024, up 111.99% YoY. However, the net sales for the same period were down by 54.83% YoY at Rs. 73.69 crore. The company's EPS has also increased to Rs. 0.38 in March 2024 from Rs. 3.54 in March 2023. Vardhman Polytex shares closed at 9.95 on May 24, 2024 (NSE) and have given returns of 65.83% over the last 6 months and 109.47% over the last 12 months.

  • Vardhman Polytex Announces Stock Split - 17 May, 2024

    Vardhman Polytex has declared a stock split from ₹10 per equity share to ₹1 each. Shares were locked in a 5% upper circuit ahead of the record date for the stock split on May 18, 2024.

Insights on Vardhman Polytex Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 50.48% to 50.61% in Jun 2024 quarter

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 49.14% of holdings in Jun 2024 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 1 month, VARDMNPOLY stock has moved down by -19.3%

  • imgNEGATIVE IMPACT

    FII Holding Down

    img

    Foreign Institutions have decreased holdings from 0.38% to 0.24% in Jun 2024 quarter

Company Financials

Value in ₹ crore
Q'1 22Q/Q Change
Revenue
₹278.06Cr
↑13.96%
Net Income
-₹6.77Cr
↑4.80%
Net Profit Margin
-2.43%
↓8.30%
2022Y/Y Change
Revenue
₹929.74Cr
↑82.31%
Net Income
-₹15.51Cr
↓72.65%
Net Profit Margin
-1.67%
↓84.98%
Value in ₹ crore
2023Y/Y Change
Total Assets
₹315.43Cr
↓9.25%
Total Liabilities
₹677.74Cr
↓4.70%
Value in ₹ crore
2023Y/Y Change
Operating Cash Flow
₹40.30Cr
↓34.43%

Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
49.14%
0.00
Foreign Institutions
0.24%
-35.25
Mutual Funds
0.01%
0.00
Retail Investors
50.61%
0.26
Others
0%
0.00

Key Indicators

Vardhman Polytex Ltd Valuation

Vardhman Polytex Ltd in the last 5 years

  • Overview

  • Trends

Lowest (-30.98x)

May 18, 2024

Today (-22.87x)

July 12, 2024

Industry (88.10x)

July 12, 2024

Highest (0.61x)

February 25, 2021

LowHigh

Earnings and Dividends

  • Vardhman Polytex Ltd Earnings Results

    Vardhman Polytex Ltd’s net profit fell -468.91% since last year same period to ₹-6.77Cr in the Q4 2021-2022. On a quarterly growth basis, Vardhman Polytex Ltd has generated -4.8% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Vardhman Polytex Ltd Dividends June,2008

    In the quarter ending March 2008, Vardhman Polytex Ltd has declared dividend of ₹2 - translating a dividend yield of 22.30%.

    Read More about Dividends

Technicals Summary

Bearish

Neutral

Bullish

Bearish

Vardhman Polytex Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Vardhman Polytex Ltd (VARDMNPOLY) share price today is ₹8.67

Vardhman Polytex Ltd is listed on NSE

Vardhman Polytex Ltd is listed on BSE

  • Today’s highest price of Vardhman Polytex Ltd is ₹9.09.
  • Today’s lowest price of Vardhman Polytex Ltd is ₹8.56.

PE Ratio of Vardhman Polytex Ltd is -22.87

PE ratio = Vardhman Polytex Ltd Market price per share / Vardhman Polytex Ltd Earnings per share

Today’s traded volume of Vardhman Polytex Ltd(VARDMNPOLY) is 3.52L.

Today’s market capitalisation of Vardhman Polytex Ltd(VARDMNPOLY) is ₹244.8Cr.

Vardhman Polytex Ltd(VARDMNPOLYPrice
52 Week High
₹12.3
52 Week Low
₹4.89

Vardhman Polytex Ltd(VARDMNPOLY) share price is ₹8.67. It is down -29.51% from its 52 Week High price of ₹12.3

Vardhman Polytex Ltd(VARDMNPOLY) share price is ₹8.67. It is up 77.30% from its 52 Week Low price of ₹4.89

Vardhman Polytex Ltd(VARDMNPOLYReturns
1 Day Returns
-0.3%
1 Month Returns
-19.26%
3 Month Returns
13.54%
1 Year Returns
41.48%