About
Vardhman Textiles Limited, together with its subsidiaries, manufactures and sells cotton and synthetic yarn, woven fabrics, and garments in India and internationally. It operates through Textiles and Fibre segments. The company offers greige and dyed yarns in cotton, polyester, acrylic, and various blends; specialty yarns, such as organic cotton, melange, core-spun, gassed mercerised, and super-fine variants, as well as recycle cotton, linen and hemp blended, low pill, sustainable and performance, easy care stretchable, sustainable blended and slub, textured slub, cloud soft, and linen-luxe yarns; fabrics, such as piece dyed, yarn dyed, printed, fiber blends, weaved, and specialty finishes; acrylic fibers; and formal and casual shirts, including post cure and taped shirts. It is also involved in lending and investing activities. In addition, the company provides hot rolled bars, and special and alloy steel products, including carbon steel, case hardening steel, hardening steel, and other products for the automotive, engineering, bearing, and allied industries. It exports its products. The company was formerly known as Mahavir Spinning Mills Limited and changed its name to Vardhman Textiles Limited in September 2006. Vardhman Textiles Limited was founded in 1965 and is headquartered in Ludhiana, India.
Key Metrics
as of Sep 2026Market Cap17,333 Cr
P/E20.40
Div Yield0.84 %
Book Value₹363.00
52w High₹688.00
52w Low₹386.00
Face Value₹2.00
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 | 2,703.00 | 2,498.00 | 2,505.00 | 2,480.00 | 2,386.00 | 2,509.00 | 2,465.00 | 2,502.00 | 2,309.00 | 2,459.00 | 2,330.00 | 2,397.00 | 2,318.00 |
| Expenses | 2,229.00 | 2,204.00 | 2,221.00 | 2,146.00 | 2,060.00 | 2,222.00 | 2,153.00 | 2,187.00 | 1,961.00 | 2,151.00 | 2,085.00 | 2,192.00 | 2,103.00 |
| Operating Profit | 474.00 | 294.00 | 284.00 | 334.00 | 326.00 | 287.00 | 313.00 | 315.00 | 348.00 | 308.00 | 244.00 | 205.00 | 215.00 |
| OPM % | 18.00 | 12.00 | 11.00 | 13.00 | 14.00 | 11.00 | 13.00 | 13.00 | 15.00 | 13.00 | 10.00 | 9.00 | 9.00 |
| Other Income | 94.00 | 68.00 | 74.00 | 49.00 | 82.00 | 133.00 | 79.00 | 93.00 | 79.00 | 81.00 | 86.00 | 98.00 | 103.00 |
| Depreciation | 126.00 | 123.00 | 118.00 | 114.00 | 109.00 | 103.00 | 101.00 | 100.00 | 97.00 | 97.00 | 99.00 | 104.00 | 105.00 |
| Interest | 23.00 | 23.00 | 26.00 | 21.00 | 23.00 | 23.00 | 19.00 | 18.00 | 18.00 | 29.00 | 19.00 | 22.00 | 32.00 |
| Profit before tax | 418.00 | 217.00 | 214.00 | 249.00 | 276.00 | 293.00 | 273.00 | 291.00 | 312.00 | 264.00 | 212.00 | 178.00 | 182.00 |
| Tax % | 25.00 | 13.00 | 21.00 | 25.00 | 25.00 | 19.00 | 22.00 | 32.00 | 23.00 | 23.00 | 23.00 | 23.00 | 25.00 |
| Net Profit | 315.00 | 189.00 | 168.00 | 188.00 | 208.00 | 238.00 | 212.00 | 197.00 | 240.00 | 202.00 | 162.00 | 136.00 | 137.00 |
| EPS in Rs | 10.70 | 6.39 | 5.75 | 6.47 | 7.16 | 8.21 | 7.28 | 6.81 | 8.25 | 6.94 | 5.54 | 4.64 | 4.72 |
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 | 9,869.00 | 9,785.00 | 9,505.00 | 10,137.00 | 9,622.00 | 6,140.00 | 6,735.00 | 6,878.00 | 6,248.00 | 6,030.00 | 5,848.00 | 6,741.00 |
| Expenses | 8,630.00 | 8,522.00 | 8,531.00 | 8,814.00 | 7,348.00 | 5,326.00 | 5,798.00 | 5,684.00 | 5,345.00 | 4,831.00 | 4,672.00 | 5,623.00 |
| Operating Profit | 1,239.00 | 1,263.00 | 973.00 | 1,324.00 | 2,274.00 | 814.00 | 937.00 | 1,194.00 | 903.00 | 1,199.00 | 1,176.00 | 1,118.00 |
| OPM % | 13.00 | 13.00 | 10.00 | 13.00 | 24.00 | 13.00 | 14.00 | 17.00 | 14.00 | 20.00 | 20.00 | 17.00 |
| Other Income | 274.00 | 384.00 | 369.00 | 232.00 | 264.00 | 222.00 | 187.00 | 239.00 | 215.00 | 591.00 | 158.00 | 161.00 |
| Interest | 92.00 | 77.00 | 102.00 | 102.00 | 100.00 | 113.00 | 135.00 | 120.00 | 118.00 | 129.00 | 89.00 | 125.00 |
| Depreciation | 465.00 | 401.00 | 405.00 | 394.00 | 368.00 | 364.00 | 333.00 | 254.00 | 240.00 | 343.00 | 374.00 | 532.00 |
| Profit before tax | 955.00 | 1,168.00 | 835.00 | 1,060.00 | 2,071.00 | 559.00 | 655.00 | 1,059.00 | 760.00 | 1,318.00 | 872.00 | 622.00 |
| Tax % | 21.00 | 24.00 | 24.00 | 24.00 | 25.00 | 24.00 | 10.00 | 30.00 | 22.00 | 25.00 | 28.00 | 28.00 |
| Net Profit | 753.00 | 887.00 | 637.00 | 805.00 | 1,551.00 | 427.00 | 591.00 | 741.00 | 592.00 | 994.00 | 624.00 | 446.00 |
| EPS in Rs | 25.76 | 30.54 | 21.84 | 27.50 | 53.54 | 14.40 | 20.08 | 25.43 | 20.24 | 34.17 | 19.31 | 12.57 |
| Dividend Payout % | 19.00 | 16.00 | 18.00 | 13.00 | 62.00 | 24.00 | 0.00 | 14.00 | 15.00 | 8.00 | 15.00 | 16.00 |
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 | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 | 56.00 | 56.00 | 55.00 | 61.00 | 63.00 |
| Reserves | 10,457.00 | 9,839.00 | 9,043.00 | 8,507.00 | 7,647.00 | 6,412.00 | 5,991.00 | 5,535.00 | 4,897.00 | 4,218.00 | 3,939.00 | 3,313.00 |
| Borrowings | 1,855.00 | 1,238.00 | 1,791.00 | 1,678.00 | 1,983.00 | 2,132.00 | 2,221.00 | 2,278.00 | 2,321.00 | 2,238.00 | 2,630.00 | 2,640.00 |
| Other Liabilities | 1,499.00 | 1,299.00 | 1,091.00 | 1,094.00 | 1,293.00 | 1,022.00 | 1,087.00 | 1,149.00 | 971.00 | 990.00 | 883.00 | 1,363.00 |
| Total Liabilities | 13,868.00 | 12,433.00 | 11,983.00 | 11,335.00 | 10,980.00 | 9,622.00 | 9,356.00 | 9,018.00 | 8,246.00 | 7,502.00 | 7,513.00 | 7,378.00 |
| Fixed Assets | 5,094.00 | 4,150.00 | 3,769.00 | 3,937.00 | 3,494.00 | 3,529.00 | 3,628.00 | 3,201.00 | 2,631.00 | 2,591.00 | 2,627.00 | 2,875.00 |
| CWIP | 586.00 | 252.00 | 61.00 | 51.00 | 241.00 | 78.00 | 142.00 | 274.00 | 106.00 | 49.00 | 86.00 | 83.00 |
| Investments | 1,828.00 | 1,844.00 | 1,699.00 | 2,549.00 | 1,691.00 | 1,075.00 | 1,145.00 | 1,346.00 | 1,834.00 | 1,868.00 | 1,313.00 | 869.00 |
| Other Assets | 6,359.00 | 6,187.00 | 6,454.00 | 4,798.00 | 5,554.00 | 4,941.00 | 4,441.00 | 4,198.00 | 3,676.00 | 2,994.00 | 3,488.00 | 3,551.00 |
| Total Assets | 13,868.00 | 12,433.00 | 11,983.00 | 11,335.00 | 10,980.00 | 9,622.00 | 9,356.00 | 9,018.00 | 8,246.00 | 7,502.00 | 7,513.00 | 7,378.00 |
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 | 1,108.00 | 1,644.00 | -1,055.00 | 1,853.00 | 1,445.00 | 168.00 | 849.00 | 499.00 | 103.00 | 1,350.00 | 915.00 | 1,412.00 |
| Cash from Investing Activity | -1,516.00 | -892.00 | 1,104.00 | -1,445.00 | -899.00 | -116.00 | -379.00 | -278.00 | -167.00 | -343.00 | -451.00 | -315.00 |
| Cash from Financing Activity | 398.00 | -733.00 | -90.00 | -399.00 | -571.00 | -174.00 | -296.00 | -252.00 | 92.00 | -1,180.00 | -365.00 | -975.00 |
| Net Cash Flow | -10.00 | 19.00 | -41.00 | 9.00 | -26.00 | -122.00 | 175.00 | -30.00 | 28.00 | -173.00 | 99.00 | 122.00 |
| Free Cash Flow | -579.00 | 675.00 | -1,329.00 | 1,238.00 | 936.00 | -72.00 | 200.00 | -384.00 | -253.00 | 1,127.00 | 538.00 | 1,107.00 |
| CFO/OP % | 107.00 | 149.00 | -87.00 | 160.00 | 86.00 | 26.00 | 103.00 | 63.00 | 35.00 | 138.00 | 99.00 | 146.00 |
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 | 48.00 | 48.00 | 47.00 | 43.00 | 50.00 | 62.00 | 44.00 | 43.00 | 44.00 | 44.00 | 49.00 | 44.00 |
| Inventory Days | 244.00 | 254.00 | 273.00 | 147.00 | 231.00 | 314.00 | 276.00 | 265.00 | 242.00 | 218.00 | 249.00 | 200.00 |
| Days Payable | 33.00 | 34.00 | 23.00 | 22.00 | 32.00 | 34.00 | 37.00 | 32.00 | 31.00 | 31.00 | 23.00 | 23.00 |
| Cash Conversion Cycle | 259.00 | 269.00 | 296.00 | 168.00 | 249.00 | 342.00 | 283.00 | 276.00 | 255.00 | 232.00 | 274.00 | 221.00 |
| Working Capital Days | 156.00 | 164.00 | 156.00 | 102.00 | 121.00 | 182.00 | 130.00 | 116.00 | 106.00 | 47.00 | 62.00 | 68.00 |
| ROCE % | 9.00 | 11.00 | 9.00 | 11.00 | 23.00 | 8.00 | 10.00 | 14.00 | 11.00 | 15.00 | 14.00 | 11.00 |
Corporate Actions
31 records| Action | Ex Date | Record Date | Ratio | Amount (₹) | Notes |
|---|---|---|---|---|---|
| Dividend | 12 Sep 2025 | 12 Sep 2025 | — | 5.00 | |
| Dividend | 06 Sep 2024 | — | — | 4.00 | |
| Dividend | 15 Sep 2023 | — | — | 3.50 | |
| Other | 16 Sep 2022 | — | — | — | Annual General Meeting |
| Split | 24 Mar 2022 | 26 Mar 2022 | 10:2 | — | |
| Dividend | 02 Nov 2021 | 05 Nov 2021 | — | 34.00 | |
| Dividend | 16 Sep 2021 | — | — | 17.50 | |
| Other | 16 Sep 2020 | — | — | — | Annual General Meeting |
| Dividend | 18 Sep 2019 | — | — | 17.50 | |
| Dividend | 12 Sep 2018 | — | — | 15.00 | |
| Dividend | 07 Sep 2017 | — | — | 15.00 | |
| Other | 08 Dec 2016 | 09 Dec 2016 | — | — | Buy Back of Shares |
| Other | 08 Dec 2016 | 09 Dec 2016 | — | — | Buy Back |
| Other | 25 Aug 2016 | — | — | — | Annual General Meeting |
| Dividend | 17 Mar 2016 | 19 Mar 2016 | — | 15.00 | |
| Dividend | 05 Aug 2015 | — | — | 10.00 | |
| Dividend | 03 Sep 2014 | — | — | 5.00 | NSE/BSE dividend mismatch: BSE/NSE=6.0; BSE=5.0 |
| Dividend | 03 Sep 2014 | — | — | 6.00 | NSE/BSE dividend mismatch: BSE/NSE=6.0; BSE=5.0 |
| Dividend | 14 Aug 2013 | — | — | 6.00 | |
| Dividend | 16 Aug 2012 | — | — | 4.50 | |
| Dividend | 08 Jul 2011 | — | — | 4.50 | |
| Other | 29 Mar 2011 | 30 Mar 2011 | — | — | Scheme of Arrangement |
| Dividend | 02 Jul 2010 | — | — | 3.00 | |
| Dividend | 09 Jul 2009 | — | — | 2.00 | |
| Dividend | 11 Aug 2008 | — | — | 4.00 | NSE/BSE dividend mismatch: NSE=0.8; BSE=4.0 |
| Dividend | 11 Aug 2008 | — | — | 0.80 | NSE/BSE dividend mismatch: NSE=0.8; BSE=4.0 |
| Other | 14 Aug 2007 | — | — | — | Annual Book Closure |
| Dividend | 22 Mar 2007 | 23 Mar 2007 | — | 0.80 | |
| Dividend | 28 Jul 2006 | — | — | 0.80 | |
| Dividend | 04 Aug 2005 | — | — | 0.90 | |
| Dividend | 02 Jul 2001 | — | — | 4.20 |
Announcements
5 filingsShareholding Pattern
Open on BSEFinancial Results — Filings
Open on BSEBoard Filings
Open on BSEAnnual Reports
Credit Ratings
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Rating update30 Apr from crisil
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Rating update8 Dec 2025 from fitch
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Rating update27 Oct 2025 from crisil
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Rating update2 May 2025 from crisil
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Rating update20 Feb 2025 from crisil
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Rating update23 Dec 2024 from crisil