Vardhman Polytex Ltd
VARD

Vardhman Polytex Ltd (VARDMNPOLY)

₹24.71.85%

Key Stats

₹24.55
Day's Price Range
₹25.45
₹17.4
52-Week Price Range
₹33.8
1 Month Return9.72 %
3 Month Return-5.83 %
1 Year Return-6.91 %

Company Financials

  • Quarterly
  • Annual
Value in ₹ crore

Peer Comparsion

PE
Rank 395
-5.45
EPS
Rank 402
₹-4.45
BVPS
Rank 523
₹-156.34
Dividend Yield
Rank 185
ROE
Rank 592
Price To Book Ratio
Rank 328
-0.16
Debt To Asset
Rank 19
2.06

Company Information

Promoted as a joint sector company by Mohta Industries MIL and the Punjab State Industrial Development Corporation PSIDC Vardman Polytex VPL was incorporated as Punjab Mohta Polytex. The promoters also have interests in Mahavir Spinning Mills and Vardhman Spinning and General Mills. The company came out with a rights issue at a premium of Rs 60 aggregating Rs 24.92 cr and 28.48 lac 13 secured NCDs of Rs 250 aggregating Rs 71.21 cr in Jan.95. The issue was to set up a 100 EOU with an installed capacity of 25200 spindles in Punjab expansion of its plant and to meet longterm working capital needs. Total project cost was Rs 110.14 cr. VPL manufactures coarse medium and fine counts of 100 cotton yarn. It also produces 100 acrylic yarn acrylic cotton yarn polyester cotton yarn and tyre cord yarn. The company exports its products to the UK Belgium Italy Germany Korea Australia New Zealand Hong Kong and Taiwan.During 199899 the company had taken expansion by way of a new unit of 19872 spindles at Baddi at a cost of Rs 41 crs which was commissioned on November 1999. The Bathinda unit was also upgraded with an investment of Rs.34.00 crore making it capable of competing with the best in cotton yarns.An expansion of spindles was taken up latter in the year 2001 at a cost of Rs.2845.00 lacs.The total cost was partly finance through internal accruals and partly from term loans from FIs. The company has started expansion plan to enhance the capacity to 25000 spindles for spinning and a dye house at the newly acquired site at Focal pointLudhiana.
OrganisationVardhman Polytex Ltd
HeadquartersLudhiana
IndustryTextiles