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Vardhman Textiles Ltd

Updated on October 15, 2020

Stock/Share Code - VTL

Vardhman Textiles is engaged in manufacturing of cotton yarn, synthetic yarn and woven fabric.

Below is the details of VTL Vardhman Textiles Ltd

Market Cap₹4,871 Cr.
Current Price ₹752.55 as on 21 Oct 20
52 Week High / Low Price₹1,105.35 / ₹592.9
Face Value₹10
Stock P/E12.70
Book Value₹985.11
Dividend Yield2.08 %
ROCE9.72 %
ROE10.01 %
Sales Growth (3yrs)3.58 %
SectorTextiles
IndustryTextiles - Cotton/Blended
Listed onBSE  AND  NSE
Company WebsiteCompany Website
Pros: Stock is trading at 0.85 times its book value
Cons: The company has delivered a poor growth of 1.99% over past five years. Tax rate seems low Company has a low return on equity of 11.20% for last 3 years. Dividend payout has been low at 10.08% of profits over last 3 years

Vardhman Textiles Ltd Price Chart

Vardhman Textiles Ltd Price Chart

Vardhman Textiles Ltd Peer Comparison in Textiles

S.No. Name CMP Rs. P/E Mar Cap Rs.Cr. Div Yld % NP Qtr Rs.Cr. Qtr Profit Var % Qtr Sales Var % Sales Qtr Rs.Cr. ROCE %
1. Vardhman Textile 12.70 ₹4,870.98 Cr. 2.08 -₹58.4 Cr. -156.41 -50.51 771.17 9.72
2. Indo Count Inds. ₹148.45 7.74 ₹1,387.72 Cr. 0.85 ₹18 Cr. -48.23 -35.20 335.97 14.71
3. Arvind Ltd ₹34.1 ₹867.4 Cr. 5.99 -₹95.31 Cr. -442.60 -68.40 599.28 8.63
4. Rajapalayam Mill ₹164 6.70 ₹442.87 Cr. 0.17 ₹5.09 Cr. -83.59 -56.04 45.23 0.41
5. Ambika Cotton ₹718 9.01 ₹391.5 Cr. 4.38 ₹5.01 Cr. -63.67 -34.47 99.16 13.78
6. Sutlej Textiles ₹27.6 ₹363.7 Cr. 1.32 -₹34.43 Cr. -502.22 -71.01 188.02 5.59
7. Nitin Spinners ₹39.95 56.65 ₹220.94 Cr. 1.52 -₹9.15 Cr. -185.04 -22.60 219.15 6.32
8. RSWM Ltd ₹92.35 ₹210.54 Cr. 0.00 -₹66.11 Cr. -1092.64 -69.19 215.85 3.77

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Vardhman Textiles Ltd Fundamentals

Quarterly Results

Quarterly reports are issued by companies every three months. Most companies have a financial year-end of Mar. 31 and quarters that end on June 30, Sept. 30, Dec. 31 and March 31.

Standalone Figures in Rs. Crores

Sep 2017Dec 2017Mar 2018Jun 2018Sep 2018Dec 2018Mar 2019Jun 2019Sep 2019Dec 2019Mar 2020Jun 2020
Sales -1,3971,5511,4171,5811,5551,6241,6541,5581,5531,7231,491771
YOY Sales Growth %-0%11%-5%6%11%5%17%-1%-0%6%-10%-51%
Expenses -1,2061,3421,1701,3101,2531,3151,4051,3321,3141,5151,282775
Material Cost %54%57%50%53%48%50%55%53%52%55%51%55%
Employee Cost %9%8%8%8%8%8%8%9%9%8%9%16%
Operating Profit191209247271302309249227239208209-4
OPM %14%13%17%17%19%19%15%15%15%12%14%-1%
Other Income533061245952833139624042
Interest272734332926303633293533
Depreciation545860595960637279838586
Profit before tax163154215203274275239149166158130-81
Tax %19%25%26%28%28%31%31%30%28%-19%-2%28%
Net Profit132116159146196189165104120189133-58
EPS in Rs23.2420.3227.7025.3834.1732.9528.6318.0120.8832.8423.13-10.15
NotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotesNotes

Profit & Loss

The profit and loss (P&L) statement is a financial statement that summarizes the revenues, costs and expenses incurred during a specified period, usually a fiscal quarter or year. The P&L statement is synonymous with the income statement. These records provide information about a company's ability or inability to generate profit" by increasing revenue, reducing costs or both. Some refer to the P&L statement as a statement of profit and loss, income statement, statement of operations, statement of financial results or income, earnings statement or expense statement.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020TTM
Sales -2,4432,7323,5943,9094,1495,1595,7305,6025,6915,8516,4156,3255,538
Sales Growth %7.31%11.82%31.52%8.76%6.14%24.36%11.07%-2.24%1.58%2.82%9.63%-1.39%
Expenses -2,1062,1932,6923,4163,3203,8984,7894,4944,5604,9935,2835,4424,886
Material Cost %50%48%46%60%49%45%54%49%49%54%52%53%
Manufacturing Cost %23%22%18%17%20%19%19%19%18%18%18%11%
Employee Cost %6%6%6%6%6%6%6%7%8%8%8%9%
Other Cost %7%4%5%4%5%5%4%5%5%5%4%13%
Operating Profit3385399014938281,2619421,1081,1318591,132883652
OPM %14%20%25%13%20%24%16%20%20%15%18%14%12%
Other Income2008969615565158241628185218172183
Interest12812113617317415212287125114118133129
Depreciation207221226235254294489363329229241319332
Profit before tax2032876091454558794898991,305701990603373
Tax %31%25%23%25%29%26%27%25%23%22%30%10%
Net Profit1412144701103246523596761,002546696545384
EPS in Rs73.0016.4949.80100.4654.29108.92179.0895.03121.0694.8666.70
Dividend Payout %8%8%6%26%12%11%18%14%8%16%14%0%

Compounded Sales Growth

  • 10 Years:: 8.76%
  • 5 Years:: 1.99%
  • 3 Years:: 3.58%
  • TTM:: -13.36%

Compounded Profit Growth

  • 10 Years:: 9.96%
  • 5 Years:: 9.62%
  • 3 Years:: -4.61%
  • TTM:: -41.32%

Return on Equity

  • 10 Years:: 10.44%
  • 5 Years:: -1.52%
  • 3 Years:: -11.60%
  • 1 Year:: -3.55%

Balance Sheet

A balance sheet is a financial statement that reports a company's assets, liabilities and shareholders' equity at a specific point in time, and provides a basis for computing rates of return and evaluating its capital structure. It is a financial statement that provides a snapshot of what a company owns and owes, as well as the amount invested by shareholders. It is used alongside other important financial statements such as the income statement and statement of cash flows in conducting fundamental analysis or calculating financial ratios.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Share Capital -585864646464646256575758
Equity Capital585864646464646256575758
Reserves1,2151,3981,8551,9322,2132,7853,0203,6283,9304,5745,1805,609
Borrowings2,4932,6212,6832,6323,0253,2272,5062,5962,1982,2822,2381,989
Other Liabilities -7364636315526228057167007757828931,071
Trade Payables595483844697130146177247240292
Advance from Customers00266853766374764842
Other liability items677409521400522632523480521487610779
Total Liabilities4,5024,5405,2315,1805,9236,8806,3056,9856,9597,6968,3698,727
Fixed Assets -2,1822,1822,1262,1952,3362,7752,4962,5002,4582,5073,0593,481
Gross Block3,3553,5713,6823,9704,3315,0365,2975,6323,1733,3744,163
Accumulated Depreciation1,1741,3891,5571,7741,9962,2622,8003,1327158671,104
CWIP594111418221385778549105274139
Investments3352803535155597126741,0701,6431,5921,0871,031
Other Assets -1,9272,0372,6392,2882,8163,3093,0583,3302,8093,4923,9504,075
Inventories6201,1071,5981,3151,4991,8721,6371,8091,5892,1172,4422,506
Trade receivables276397490537632739677770718727763795
Cash Equivalents35722249582753176277406841152
Loans n Advances67931446229546753538440141452061936
Other asset items-5-5408219011118573486084586
Total Assets4,5024,5405,2315,1805,9236,8806,3056,9856,9597,6968,3698,727

Cash Flows

Cash flow is the net amount of cash and cash-equivalents being transferred into and out of a business. At the most fundamental level, a company’s ability to create value for shareholders is determined by its ability to generate positive cash flows, or more specifically, maximize long-term free cash flow.

Standalone Figures in Rs. Crores

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
Cash from Operating Activity -447-80-249302697061,2118691,28990447851
Profit from operations4075439275158461,2701,0381,1341,1828981,186885
Receivables-83-84-33486-319-15812010146-10-42-41
Inventory162-490-579283-184-372235-172220-528-326-64
Payables-17-6937536151-73835271353
Loans Advances00000000-6-9104
Other WC items00000000117-95-159115
Working capital changes62-580-819444-467-379348-33412-615-50367
Direct taxes-22-43-132-28-110-185-175-232-305-193-237-101
Cash from Investing Activity --126-97-332-504-469-677-144-480-252-160-227-462
Fixed assets purchased-169-206-303-391-476-606-253-371-291-363-878-641
Fixed assets sold324101154128310247
Investments purchased-969-1,821-3,756-246-205-345-137-455-918-879-103-392
Investments sold7171,8823,692901692081971308071,028678506
Interest received334624191926224252251127
Dividends received00131513212416215204131
Other investing items2580-40014000-1-00
Cash from Financing Activity --2742183-417168-2-944-288-1,21397-247-278
Proceeds from shares0019700000018853
Redemption of debentures-40-373000000000
Proceeds from borrowings126162560153392202046038716236357
Repayment of borrowings00-51-35300-721-456-436-632-281-399
Investment subsidy000000003400
Interest paid fin-124-109-132-185-193-162-143-133-111-81-109-120
Dividends paid-26-12-19-32-32-43-80-159-1-83-86-101
Financial liabilities00000000000-3
Other financing items10000000-705-16-13-16
Net Cash Flow295-135-17310-3226123101-17527-28111

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Ratios

Mar 2009Mar 2010Mar 2011Mar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020
ROCE %7%10%17%7%12%18%10%16%15%11%14%10%
Debtor Days415350505652435046454346
Inventory Turnover2.081.911.501.881.771.712.121.941.972.031.751.63

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Disclaimer:
All efforts have been made to ensure the information provided here is accurate as per time to time filling by company to exchanges. However, no guarantees are made regarding correctness of data. Investors are advised to validate/check information with exchanges or companies website before making any investment decisions.