About
Vardhman Polytex Limited manufactures and sells yarns and garments in India and internationally. The company operates through Textiles and Real Estate segments. It offers carded, combed, organic, BCI, and SUPIMA cotton yarns; cotton polyester yarns; and grey and dyed value-added yarns. Vardhman Polytex Limited was incorporated in 1980 and is based in Ludhiana, India.
Key Metrics
as of Sep 2026Market Cap281 Cr
P/E—
Div Yield0.00 %
Book Value₹-12.50
52w High₹9.50
52w Low₹5.02
Face Value₹1.00
Quarterly Results
Rs. Crores · hover row for definition| Metric | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 | Dec 2019 | Sep 2019 | Jun 2019 | Mar 2019 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 244.00 | 215.13 | 191.58 | 193.97 | 151.12 | 120.64 | 42.79 | 135.59 | 122.94 | 97.83 | 204.50 | 213.33 | 202.74 |
| Expenses | 231.99 | 198.83 | 173.90 | 176.16 | 151.36 | 120.70 | 45.94 | 131.03 | 124.69 | 100.57 | 204.85 | 209.92 | 203.97 |
| Operating Profit | 12.01 | 16.30 | 17.68 | 17.81 | -0.24 | -0.06 | -3.15 | 4.56 | -1.75 | -2.74 | -0.35 | 3.41 | -1.23 |
| OPM % | 4.92 | 7.58 | 9.23 | 9.18 | -0.16 | -0.05 | -7.36 | 3.36 | -1.42 | -2.80 | -0.17 | 1.60 | -0.61 |
| Other Income | 0.78 | 1.14 | 0.60 | 0.64 | 0.66 | 0.65 | 0.66 | 175.19 | 0.94 | 0.74 | 0.66 | 0.52 | 0.84 |
| Depreciation | 3.44 | 3.51 | 3.52 | 3.58 | 3.50 | 3.88 | 3.70 | 3.59 | 3.75 | 3.79 | 4.58 | 4.44 | 4.62 |
| Interest | 15.82 | 15.76 | 15.21 | 16.05 | 11.06 | 16.54 | 15.35 | 14.57 | 15.53 | 15.34 | 14.25 | 14.63 | 14.74 |
| Profit before tax | -6.47 | -1.83 | -0.45 | -1.18 | -14.14 | -19.83 | -21.54 | 161.59 | -20.09 | -21.13 | -18.52 | -15.14 | -19.75 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net Profit | -6.46 | -1.83 | -0.45 | -1.19 | -14.14 | -19.84 | -21.53 | 161.59 | -20.09 | -21.14 | -18.52 | -15.14 | -19.75 |
| EPS in Rs | -0.22 | -0.06 | -0.02 | -0.04 | -0.49 | -0.68 | -0.74 | 5.55 | -0.69 | -0.73 | -0.64 | -0.52 | -0.68 |
Profit & Loss
Annual · Rs. Crores| Metric | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 928.00 | 507.00 | 560.00 | 808.00 | 637.00 | 925.00 | 951.00 | 1,019.00 | 1,051.00 | 939.00 | 852.00 | 803.00 |
| Expenses | 868.00 | 493.00 | 560.00 | 807.00 | 698.00 | 863.00 | 889.00 | 950.00 | 947.00 | 837.00 | 871.00 | 689.00 |
| Operating Profit | 59.00 | 15.00 | 0.00 | 2.00 | -61.00 | 61.00 | 62.00 | 69.00 | 104.00 | 102.00 | -19.00 | 114.00 |
| OPM % | 6.00 | 2.90 | 0.00 | 0.20 | -10.00 | 7.00 | 6.00 | 7.00 | 10.00 | 11.00 | -2.20 | 14.00 |
| Other Income | 3.00 | 3.00 | 177.00 | 2.00 | 3.00 | 12.00 | 52.00 | -10.00 | 24.00 | 13.00 | 22.00 | 5.00 |
| Interest | 64.00 | 59.00 | 60.00 | 60.00 | 84.00 | 77.00 | 90.00 | 91.00 | 88.00 | 76.00 | 86.00 | 57.00 |
| Depreciation | 14.00 | 15.00 | 16.00 | 18.00 | 30.00 | 30.00 | 38.00 | 42.00 | 48.00 | 52.00 | 45.00 | 39.00 |
| Profit before tax | -16.00 | -57.00 | 102.00 | -74.00 | -172.00 | -33.00 | -15.00 | -74.00 | -8.00 | -13.00 | -127.00 | 23.00 |
| Tax % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | -40.00 | -18.00 | -48.00 | -18.00 | 40.00 |
| Net Profit | -16.00 | -57.00 | 102.00 | -74.00 | -172.00 | -33.00 | -15.00 | -45.00 | -6.00 | -7.00 | -100.00 | 14.00 |
| EPS in Rs | -0.53 | -1.95 | 3.50 | -2.54 | -5.90 | -1.15 | -0.52 | -1.54 | -0.25 | -0.21 | -4.55 | 0.77 |
| Dividend Payout % | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Balance Sheet
Annual · Rs. Crores — latest first| Metric | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 22.00 | 20.00 | 18.00 | 16.00 | 16.00 |
| Reserves | -386.00 | -371.00 | -313.00 | -414.00 | -258.00 | -86.00 | -40.00 | 6.00 | 32.00 | 23.00 | 19.00 | 117.00 |
| Borrowings | 529.00 | 523.00 | 490.00 | 446.00 | 581.00 | 530.00 | 534.00 | 581.00 | 613.00 | 654.00 | 660.00 | 652.00 |
| Other Liabilities | 161.00 | 131.00 | 113.00 | 270.00 | 168.00 | 189.00 | 159.00 | 149.00 | 154.00 | 129.00 | 86.00 | 82.00 |
| Total Liabilities | 326.00 | 306.00 | 313.00 | 324.00 | 513.00 | 655.00 | 676.00 | 758.00 | 819.00 | 823.00 | 781.00 | 868.00 |
| Fixed Assets | 170.00 | 183.00 | 196.00 | 211.00 | 340.00 | 363.00 | 368.00 | 397.00 | 490.00 | 517.00 | 554.00 | 481.00 |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 3.00 | 7.00 | 7.00 | 4.00 | 8.00 | 14.00 | 22.00 | 30.00 |
| Investments | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 8.00 | 3.00 | 1.00 | 1.00 |
| Other Assets | 156.00 | 123.00 | 117.00 | 112.00 | 170.00 | 286.00 | 301.00 | 357.00 | 313.00 | 290.00 | 205.00 | 355.00 |
| Total Assets | 326.00 | 306.00 | 313.00 | 324.00 | 513.00 | 655.00 | 676.00 | 758.00 | 819.00 | 823.00 | 781.00 | 868.00 |
Cash Flows
Annual · Rs. Crores — latest first| Metric | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | 61.00 | 24.00 | 13.00 | 134.00 | 51.00 | 92.00 | 109.00 | 85.00 | 71.00 | 90.00 | 214.00 | -2.00 |
| Cash from Investing Activity | -1.00 | -1.00 | 0.00 | 114.00 | -5.00 | -24.00 | -7.00 | 2.00 | -11.00 | -2.00 | -90.00 | -25.00 |
| Cash from Financing Activity | -61.00 | -23.00 | -14.00 | -251.00 | -51.00 | -68.00 | -103.00 | -90.00 | -72.00 | -70.00 | -132.00 | 28.00 |
| Net Cash Flow | 0.00 | 0.00 | 0.00 | -4.00 | -5.00 | 0.00 | -1.00 | -4.00 | -12.00 | 18.00 | -8.00 | 1.00 |
| Free Cash Flow | 61.00 | 22.00 | 13.00 | 136.00 | 44.00 | 66.00 | 99.00 | 67.00 | 57.00 | 86.00 | 113.00 | -33.00 |
| CFO/OP % | 104.00 | 165.00 | -67,300.00 | 7,122.00 | -84.00 | 149.00 | 177.00 | 123.00 | 68.00 | 89.00 | -1,144.00 | -5.00 |
Ratios
Annual · Days / % — latest first| Metric | Mar 2022 | Mar 2021 | Mar 2020 | Mar 2019 | Mar 2018 | Mar 2017 | Mar 2016 | Mar 2015 | Mar 2014 | Mar 2013 | Mar 2012 | Mar 2011 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 4.00 | 6.00 | 4.00 | 4.00 | 16.00 | 34.00 | 35.00 | 26.00 | 33.00 | 38.00 | 27.00 | 41.00 |
| Inventory Days | 23.00 | 19.00 | 18.00 | 12.00 | 32.00 | 51.00 | 49.00 | 81.00 | 56.00 | 45.00 | 28.00 | 127.00 |
| Days Payable | 54.00 | 74.00 | 53.00 | 26.00 | 38.00 | 47.00 | 44.00 | 43.00 | 46.00 | 49.00 | 23.00 | 27.00 |
| Cash Conversion Cycle | -26.00 | -49.00 | -31.00 | -10.00 | 10.00 | 38.00 | 41.00 | 64.00 | 43.00 | 33.00 | 33.00 | 141.00 |
| Working Capital Days | -233.00 | -430.00 | -358.00 | -296.00 | -223.00 | -85.00 | -61.00 | -46.00 | -41.00 | -43.00 | -100.00 | -4.00 |
| ROCE % | 28.00 | 1.00 | -10.00 | -7.00 | -21.00 | 9.00 | 12.00 | 8.00 | 10.00 | 8.00 | -7.00 | — |
Corporate Actions
29 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Other | 23 Sep 2024 | — | — | — | Annual General Meeting |
| Rights | 28 Aug 2024 | 28 Aug 2024 | 7:23 | — | |
| Other | 28 Aug 2024 | 28 Aug 2024 | — | — | Right Issue of Equity Shares |
| Split | 17 May 2024 | 18 May 2024 | 10:1 | — | |
| Other | 11 Aug 2023 | — | — | — | Annual General Meeting |
| Other | 19 Sep 2022 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2021 | — | — | — | Annual General Meeting |
| Other | 23 Sep 2020 | — | — | — | Annual General Meeting |
| Other | 18 Sep 2019 | — | — | — | Annual General Meeting |
| Other | 14 Sep 2018 | — | — | — | Annual General Meeting |
| Other | 31 Aug 2017 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2016 | — | — | — | Annual General Meeting |
| Other | 21 Sep 2015 | — | — | — | Annual General Meeting |
| Other | 22 Sep 2014 | — | — | — | Annual General Meeting |
| Other | 23 Sep 2013 | — | — | — | Annual General Meeting |
| Other | 24 Sep 2012 | — | — | — | Annual General Meeting |
| Other | 23 Aug 2011 | — | — | — | Annual General Meeting |
| Other | 13 Aug 2010 | — | — | — | Annual General Meeting |
| Other | 17 Sep 2009 | — | — | — | General |
| Other | 17 Sep 2009 | — | — | — | Annual General Meeting |
| Dividend | 18 Sep 2008 | — | — | 2.00 | NSE/BSE dividend mismatch: NSE=0.2; BSE=2.0 |
| Dividend | 18 Sep 2008 | — | — | 0.20 | NSE/BSE dividend mismatch: NSE=0.2; BSE=2.0 |
| Dividend | 30 Aug 2007 | — | — | 0.70 | NSE/BSE dividend mismatch: NSE=0.07; BSE=0.7 |
| Dividend | 30 Aug 2007 | — | — | 0.07 | NSE/BSE dividend mismatch: NSE=0.07; BSE=0.7 |
| Dividend | 23 Mar 2007 | 26 Mar 2007 | — | 0.35 | |
| Dividend | 13 Jul 2006 | — | — | 0.42 | |
| Dividend | 04 Aug 2005 | — | — | 0.42 | |
| Dividend | 02 Jul 2001 | — | — | 4.20 | |
| Dividend | 27 Jul 2000 | — | — | 0.70 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update23 Mar from infomerics
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Rating update16 Mar from icra
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Rating update12 Mar 2024 from icra
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Rating update22 Dec 2022 from icra
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Rating update10 Aug 2020 from icra
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Rating update31 Jul 2019 from icra