About
Vardhman Acrylics Limited manufactures and supplies acrylic fibers and tows in India. It offers its products under the Varlan brand name. The company was incorporated in 1990 and is headquartered in Ludhiana, India. Vardhman Acrylics Limited is a subsidiary of Vardhman Textiles Limited.
Key Metrics
as of Sep 2026Market Cap350 Cr
P/E8.40
Div Yield3.44 %
Book Value₹31.60
52w High₹48.80
52w Low₹27.00
Face Value₹10.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 | Jun 2024 | Mar 2024 | Dec 2023 | Sep 2023 | Jun 2023 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 78.00 | 84.00 | 76.00 | 89.00 | 69.00 | 72.00 | 82.00 | 71.00 | 57.00 | 68.00 | 62.00 | 86.00 | 81.00 |
| Expenses | 61.00 | 73.00 | 69.00 | 89.00 | 70.00 | 72.00 | 81.00 | 70.00 | 55.00 | 64.00 | 57.00 | 81.00 | 82.00 |
| Operating Profit | 18.00 | 10.00 | 7.00 | 0.00 | -1.00 | 0.00 | 1.00 | 1.00 | 2.00 | 5.00 | 5.00 | 5.00 | -2.00 |
| OPM % | 23.00 | 12.00 | 9.00 | 0.20 | -0.90 | 0.00 | 1.00 | 1.10 | 3.80 | 7.00 | 8.00 | 6.00 | -1.90 |
| Other Income | 4.00 | 4.00 | 3.00 | 4.00 | 4.00 | 3.00 | 5.00 | 3.00 | 4.00 | 4.00 | 3.00 | 4.00 | 4.00 |
| Depreciation | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 21.00 | 14.00 | 10.00 | 3.00 | 2.00 | 2.00 | 5.00 | 3.00 | 5.00 | 7.00 | 6.00 | 8.00 | 1.00 |
| Tax % | 22.00 | -14.00 | 23.00 | 23.00 | 24.00 | 18.00 | 17.00 | 55.00 | 20.00 | 20.00 | 12.00 | 21.00 | 21.00 |
| Net Profit | 16.00 | 16.00 | 7.00 | 2.00 | 2.00 | 2.00 | 4.00 | 2.00 | 4.00 | 5.00 | 6.00 | 6.00 | 0.00 |
| EPS in Rs | 2.02 | 1.94 | 0.92 | 0.31 | 0.22 | 0.24 | 0.49 | 0.19 | 0.54 | 0.66 | 0.70 | 0.77 | 0.06 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 319.00 | 282.00 | 297.00 | 427.00 | 303.00 | 280.00 | 334.00 | 392.00 | 327.00 | 368.00 | 448.00 | 498.00 |
| Expenses | 302.00 | 278.00 | 284.00 | 390.00 | 294.00 | 232.00 | 308.00 | 364.00 | 295.00 | 331.00 | 403.00 | 465.00 |
| Operating Profit | 17.00 | 4.00 | 13.00 | 36.00 | 9.00 | 48.00 | 27.00 | 28.00 | 31.00 | 38.00 | 44.00 | 34.00 |
| OPM % | 5.00 | 1.30 | 4.50 | 8.00 | 2.90 | 17.00 | 8.00 | 7.00 | 10.00 | 10.00 | 10.00 | 7.00 |
| Other Income | 15.00 | 16.00 | 14.00 | 13.00 | 14.00 | 15.00 | 27.00 | 25.00 | 21.00 | 25.00 | 22.00 | 16.00 |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 1.00 | 0.00 | 0.00 | 0.00 |
| Depreciation | 3.00 | 3.00 | 6.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 4.00 | 5.00 |
| Profit before tax | 29.00 | 16.00 | 21.00 | 43.00 | 17.00 | 57.00 | 48.00 | 47.00 | 47.00 | 57.00 | 62.00 | 45.00 |
| Tax % | 6.00 | 26.00 | 18.00 | 24.00 | 16.00 | 25.00 | 3.00 | 26.00 | 17.00 | 28.00 | 34.00 | 25.00 |
| Net Profit | 27.00 | 12.00 | 18.00 | 33.00 | 15.00 | 43.00 | 46.00 | 34.00 | 39.00 | 41.00 | 41.00 | 33.00 |
| EPS in Rs | 3.39 | 1.47 | 2.18 | 4.09 | 1.81 | 5.34 | 5.76 | 4.29 | 4.80 | 5.12 | 4.38 | 3.59 |
| Dividend Payout % | 44.00 | 102.00 | 92.00 | 61.00 | 1,380.00 | 0.00 | 0.00 | 58.00 | 42.00 | 29.00 | 114.00 | 28.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 80.00 | 93.00 | 93.00 |
| Reserves | 174.00 | 158.00 | 163.00 | 165.00 | 132.00 | 318.00 | 275.00 | 253.00 | 239.00 | 215.00 | 225.00 | 228.00 |
| Borrowings | 0.00 | 0.00 | 1.00 | 0.00 | 3.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 | 1.00 |
| Other Liabilities | 89.00 | 110.00 | 84.00 | 97.00 | 87.00 | 86.00 | 96.00 | 119.00 | 92.00 | 127.00 | 77.00 | 108.00 |
| Total Liabilities | 343.00 | 349.00 | 328.00 | 342.00 | 302.00 | 485.00 | 453.00 | 453.00 | 413.00 | 423.00 | 395.00 | 430.00 |
| Fixed Assets | 60.00 | 58.00 | 56.00 | 54.00 | 56.00 | 59.00 | 64.00 | 52.00 | 55.00 | 58.00 | 61.00 | 72.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 4.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 2.00 |
| Investments | 183.00 | 186.00 | 169.00 | 172.00 | 134.00 | 232.00 | 160.00 | 284.00 | 260.00 | 248.00 | 256.00 | 263.00 |
| Other Assets | 99.00 | 105.00 | 103.00 | 112.00 | 112.00 | 194.00 | 229.00 | 118.00 | 99.00 | 117.00 | 78.00 | 92.00 |
| Total Assets | 343.00 | 349.00 | 328.00 | 342.00 | 302.00 | 485.00 | 453.00 | 453.00 | 413.00 | 423.00 | 395.00 | 430.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 7.00 | 26.00 | 7.00 | 39.00 | -9.00 | 39.00 | 4.00 | 26.00 | 3.00 | 42.00 | 23.00 | 55.00 |
| Cash from Investing Activity | 8.00 | -9.00 | 12.00 | -37.00 | 190.00 | -83.00 | 80.00 | -8.00 | 7.00 | 30.00 | 43.00 | -58.00 |
| Cash from Financing Activity | -12.00 | -17.00 | -20.00 | -3.00 | -198.00 | -1.00 | -24.00 | -20.00 | -15.00 | -63.00 | -68.00 | -1.00 |
| Net Cash Flow | 2.00 | 0.00 | 0.00 | -1.00 | -17.00 | -44.00 | 61.00 | -2.00 | -5.00 | 8.00 | -2.00 | -3.00 |
| Free Cash Flow | 2.00 | 21.00 | 4.00 | 31.00 | -12.00 | 39.00 | -2.00 | 23.00 | 2.00 | 41.00 | 20.00 | 51.00 |
| CFO/OP % | 69.00 | 753.00 | 92.00 | 135.00 | -18.00 | 111.00 | 48.00 | 137.00 | 62.00 | 114.00 | 84.00 | 203.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 13.00 | 11.00 | 20.00 | 11.00 | 13.00 | 20.00 | 10.00 | 15.00 | 23.00 | 5.00 | 2.00 | 1.00 |
| Inventory Days | 108.00 | 149.00 | 141.00 | 108.00 | 121.00 | 139.00 | 92.00 | 94.00 | 85.00 | 123.00 | 62.00 | 63.00 |
| Days Payable | 83.00 | 123.00 | 81.00 | 70.00 | 75.00 | 89.00 | 83.00 | 84.00 | 66.00 | 100.00 | 37.00 | 60.00 |
| Cash Conversion Cycle | 39.00 | 37.00 | 80.00 | 49.00 | 59.00 | 69.00 | 20.00 | 24.00 | 41.00 | 28.00 | 27.00 | 5.00 |
| Working Capital Days | 219.00 | -1.00 | 25.00 | 15.00 | 29.00 | 21.00 | -2.00 | 4.00 | 9.00 | -5.00 | 11.00 | -2.00 |
| ROCE % | 12.00 | 7.00 | 9.00 | 19.00 | 6.00 | 15.00 | 14.00 | 14.00 | 15.00 | 19.00 | 19.00 | 12.00 |
Corporate Actions
24 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 12 Sep 2025 | 12 Sep 2025 | — | 1.50 | |
| Dividend | 06 Sep 2024 | — | — | 2.00 | |
| Dividend | 15 Sep 2023 | — | — | 2.50 | |
| Other | 16 Sep 2022 | — | — | — | Annual General Meeting |
| Dividend | 28 Oct 2021 | 30 Oct 2021 | — | 25.00 | |
| Other | 16 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 17 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 18 Sep 2019 | — | — | 2.50 | |
| Dividend | 12 Sep 2018 | — | — | 2.00 | |
| Dividend | 07 Sep 2017 | — | — | 1.50 | |
| Other | 12 Jan 2017 | 13 Jan 2017 | — | — | Buyback |
| Other | 25 Aug 2016 | — | — | — | Annual General Meeting |
| Dividend | 17 Mar 2016 | 19 Mar 2016 | — | 5.00 | |
| Dividend | 05 Aug 2015 | — | — | 1.00 | |
| Other | 25 Aug 2014 | — | — | — | Annual General Meeting / Annual Book Closure |
| Other | 14 Aug 2013 | — | — | — | Annual General Meeting |
| Other | 16 Aug 2012 | — | — | — | Annual General Meeting |
| Other | 08 Jul 2011 | — | — | — | Annual General Meeting |
| Other | 29 Jun 2010 | — | — | — | Annual General Meeting |
| Other | 09 Jul 2009 | — | — | — | Annual General Meeting |
| Other | 11 Aug 2008 | — | — | — | Annual General Meeting |
| Other | 14 Aug 2007 | — | — | — | Agm |
| Other | 11 Aug 2006 | — | — | — | Agm |
| Other | 28 Jul 2005 | — | — | — | Agm |
Announcements
5 filingsAnnual Reports
Credit Ratings
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Rating update19 Feb from crisil
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Rating update21 Nov 2024 from crisil
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Rating update28 Aug 2023 from crisil
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Rating update3 Jun 2022 from crisil
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Rating update30 May 2022 from crisil
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Rating update24 Mar 2021 from crisil