Vardhman Polytex Ltd.

•

₹ 6.1-0.65%

2026-08-21

vpl.inBSE: 514175NSE: VARDMNPOLY

Market Cap₹ 301 Cr.

Current Price₹ 6

High / Low₹ 10 / 5

Stock P/E—

Book Value—

Price to Book—

Dividend Yield0.00 %

ROCE28.6 %

ROE0.0 %

Face Value₹ 1

Add ratio to table

ABOUT

KEY POINTS

Revenue Breakup Mar 2017 • Textile Business: 95.7% • Real Estate Business: 4.3%

PROS

Company is almost debt free
Company has a healthy return on capital (ROCE) of 52.5%
Operating margins have improved to 6.7% from 0.5%
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 3.34x)
Institutional investors have been accumulating - FII+DII up 5.4pp
Company generates healthy free cash flow

CONS

Net worth is negative - accumulated losses have eroded equity
Company is loss-making at the operating / net level
Company has a low return on equity of 0.0% over last 3 years
Promoter holding has decreased over last 2 years: -11.6pp
Interest coverage is weak at 0.8x - earnings barely cover interest

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

EDIT COLUMNS

TextilesTextileTextile

Part ofNIFTY 50 NIFTY 500 NIFTY LARGEMIDCAP 250 NIFTY 100 NIFTY 200

S.No.	Name	CMP Rs.	P/E	Mar Cap Rs.Cr.	Div Yld %	NP Qtr Rs.Cr.	Qtr Profit Var %	Sales Qtr Rs.Cr.	Qtr Sales Var %	ROCE %	OPM %
1.	PAGEIND	35400.00	0.00	39484.71	1.55	192.81	-3.98	1420.45	7.89	73.60	20.35
2.	KPRMILL	1122.45	42.05	38366.91	0.45	258.54	21.55	1935.52	14.77	20.16	19.37
3.	VTL	594.75	20.30	17216.57	0.84	314.56	51.46	2703.08	13.31	11.31	18.11
4.	WELSPUNLIV	181.25	61.68	17123.64	0.06	162.61	82.09	2795.45	23.66	15.04	11.53
5.	ARVIND	518.15	34.04	14095.79	0.87	57.77	5.61	2500.96	24.65	13.98	9.64
6.	MANYAVAR	542.75	32.73	13187.64	1.43	66.90	37.31	267.95	22.74	33.92	45.53
7.	PGIL	2410.95	35.88	11136.31	0.60	99.23	51.37	1528.26	24.46	22.42	10.72
8.	SWANCORP	302.25	42.38	9474.23	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	444.15	58.30	8796.58	0.34	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	759.85	35.32	7419.81	1.18	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	565.70	60.48	5939.36	0.00	426.47	—	2472.47	—	26.15	30.50
12.	VARDMNPOLY	6.24	0.00	301.40	0.00	-64.64	54.28	2440.03	61.46	0.00	4.92

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Jun 2020	Sep 2020	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021
	428	1,206	1,511	1,940	1,916	2,151	2,440
	650	1,411	1,659	1,958	1,926	2,181	2,512
Operating Profit	—	—	—	—	—	—	—
OPM %	—	—	—	—	—	—	—
Other Income	7	6	7	6	6	11	8
Interest	154	165	111	160	152	158	158
Depreciation	37	39	35	36	35	35	34
	-215	-198	-141	-12	-4	-18	-65
Tax %	-0.00%	-0.04%	-0.03%	-0.34%	-0.90%	-0.22%	-0.00%
Net Profit	-215	-198	-141	-12	-4	-18	-65
	-10	-9	-6	-1	-0	-1	-3
Equity Capital	223	223	223	223	223	223	223
Reserves	0	0	0	-3,708	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
Equity Capital	223	223	223	223	223	223	223
Reserves	0	0	0	-3,708	0	0	0
Promoter Pledge %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%

Jun 2020

: 428
: 650
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 154
Depreciation: 37
: -215
Tax %: -0.00%
Net Profit: -215
: -10
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2020

: 1,206
: 1,411
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 165
Depreciation: 39
: -198
Tax %: -0.04%
Net Profit: -198
: -9
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2020

: 1,511
: 1,659
Operating Profit: —
OPM %: —
Other Income: 7
Interest: 111
Depreciation: 35
: -141
Tax %: -0.03%
Net Profit: -141
: -6
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%

Mar 2021

: 1,940
: 1,958
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 160
Depreciation: 36
: -12
Tax %: -0.34%
Net Profit: -12
: -1
Equity Capital: 223
Reserves: -3,708
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: -3,708
Promoter Pledge %: 0.00%

Jun 2021

: 1,916
: 1,926
Operating Profit: —
OPM %: —
Other Income: 6
Interest: 152
Depreciation: 35
: -4
Tax %: -0.90%
Net Profit: -4
: -0
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%

Sep 2021

: 2,151
: 2,181
Operating Profit: —
OPM %: —
Other Income: 11
Interest: 158
Depreciation: 35
: -18
Tax %: -0.22%
Net Profit: -18
: -1
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%

Dec 2021

: 2,440
: 2,512
Operating Profit: —
OPM %: —
Other Income: 8
Interest: 158
Depreciation: 34
: -65
Tax %: -0.00%
Net Profit: -65
: -3
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%
Equity Capital: 223
Reserves: 0
Promoter Pledge %: 0.00%

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
	943	1,054	1,021	954	925	641	811	561	509	929	8,447
	841	950	952	892	864	701	809	562	494	870	8,577
Operating Profit	115	128	95	114	75	-55	4	3	17	62	—
OPM %	12	12	9	12	8	-9	1	1	3	7	—
Other Income	13	24	26	52	13	6	3	4	3	4	31
Interest	76	88	91	90	78	85	60	60	59	64	628
Depreciation	52	48	42	38	30	30	18	16	15	14	140
	-13	-8	-74	-15	-33	-172	-74	102	-57	-15	-99
Tax %	48	18	40	-0	-0	-0	-0	0	-0	-0	-0
Net Profit	-7	-6	-45	-15	-33	-172	-74	102	-57	-16	-99
EPS	-3	-3	-22	-7	-15	-77	-33	46	-25	-7	—
Dividend Payout %	0	0	0	0	0	0	0	0	0	0	—
Minority Interest	2	0	1	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-0	-0	-2	-1	-1	-7	-3	4	-2	-1	—
Minority Interest	2	0	1	0	0	0	0	0	0	0	0
Share of Associates	0	0	0	0	0	0	0	0	0	0	0
Adjusted EPS	-0	-0	-2	-1	-1	-7	-3	4	-2	-1	—

Mar 2013

: 943
: 841
Operating Profit: 115
OPM %: 12
Other Income: 13
Interest: 76
Depreciation: 52
: -13
Tax %: 48
Net Profit: -7
EPS: -3
Dividend Payout %: 0
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 2
Share of Associates: 0
Adjusted EPS: -0

Mar 2014

: 1,054
: 950
Operating Profit: 128
OPM %: 12
Other Income: 24
Interest: 88
Depreciation: 48
: -8
Tax %: 18
Net Profit: -6
EPS: -3
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -0

Mar 2015

: 1,021
: 952
Operating Profit: 95
OPM %: 9
Other Income: 26
Interest: 91
Depreciation: 42
: -74
Tax %: 40
Net Profit: -45
EPS: -22
Dividend Payout %: 0
Minority Interest: 1
Share of Associates: 0
Adjusted EPS: -2
Minority Interest: 1
Share of Associates: 0
Adjusted EPS: -2

Mar 2016

: 954
: 892
Operating Profit: 114
OPM %: 12
Other Income: 52
Interest: 90
Depreciation: 38
: -15
Tax %: -0
Net Profit: -15
EPS: -7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

Mar 2017

: 925
: 864
Operating Profit: 75
OPM %: 8
Other Income: 13
Interest: 78
Depreciation: 30
: -33
Tax %: -0
Net Profit: -33
EPS: -15
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

Mar 2018

: 641
: 701
Operating Profit: -55
OPM %: -9
Other Income: 6
Interest: 85
Depreciation: 30
: -172
Tax %: -0
Net Profit: -172
EPS: -77
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -7
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -7

Mar 2019

: 811
: 809
Operating Profit: 4
OPM %: 1
Other Income: 3
Interest: 60
Depreciation: 18
: -74
Tax %: -0
Net Profit: -74
EPS: -33
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -3

Mar 2020

: 561
: 562
Operating Profit: 3
OPM %: 1
Other Income: 4
Interest: 60
Depreciation: 16
: 102
Tax %: 0
Net Profit: 102
EPS: 46
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: 4

Mar 2021

: 509
: 494
Operating Profit: 17
OPM %: 3
Other Income: 3
Interest: 59
Depreciation: 15
: -57
Tax %: -0
Net Profit: -57
EPS: -25
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -2

Mar 2022

: 929
: 870
Operating Profit: 62
OPM %: 7
Other Income: 4
Interest: 64
Depreciation: 14
: -15
Tax %: -0
Net Profit: -16
EPS: -7
Dividend Payout %: 0
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: -1

TTM

: 8,447
: 8,577
Operating Profit: —
OPM %: —
Other Income: 31
Interest: 628
Depreciation: 140
: -99
Tax %: -0
Net Profit: -99
EPS: —
Dividend Payout %: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —
Minority Interest: 0
Share of Associates: 0
Adjusted EPS: —

COMPOUNDED SALES GROWTH

10 Years:: 1%
5 Years:: 0%
3 Years:: 5%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 5%
5 Years:: 27%
3 Years:: -1%
1 Year:: -35%

RETURN ON EQUITY

10 Years:: -19%
5 Years:: 0%
3 Years:: 0%
Last Year:: 0%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
LIABILITIES	-	-	-	-	-	-	-	-	-	-
	18	20	22	22	22	22	22	22	22	22
	20	23	-6	-52	-86	-258	-414	-313	-371	-386
	218	236	265	228	245	329	440	488	522	529
Trade Payables	82	87	82	76	82	52	45	62	75	101
	469	450	375	365	342	317	181	3	7	10
Total Liabilities	807	816	738	640	605	463	274	262	255	276
ASSETS	-	-	-	-	-	-	-	-	-	-
	517	490	397	368	358	335	206	191	178	165
Capital Work in Progress	14	8	4	7	7	3	0	0	0	0
	3	8	0	0	0	0	0	0	0	0
	74	105	154	86	88	44	21	21	19	44
	0	0	0	0	0	0	0	0	0	0
Cash & Bank	27	14	10	9	9	4	0	0	0	0
	172	190	172	170	143	77	46	51	58	67
Total Assets	807	816	738	640	605	463	274	262	255	276
Total Debt	647	601	581	534	518	569	446	490	523	529
Net Working Capital	-82	-95	-118	-149	-206	-385	-654	-548	-598	-591
Contingent Liabilities	202	185	212	171	109	27	17	11	10	11
Book Value per Share	21.14	21.41	7.25	-13.30	-28.48	-105.71	-175.88	-130.51	-156.34	-163.10
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00
Total Debt	647	601	581	534	518	569	446	490	523	529
Net Working Capital	-82	-95	-118	-149	-206	-385	-654	-548	-598	-591
Contingent Liabilities	202	185	212	171	109	27	17	11	10	11
Book Value per Share	21.14	21.41	7.25	-13.30	-28.48	-105.71	-175.88	-130.51	-156.34	-163.10
Face Value	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00	10.00

Mar 2013

: 18
: 20
: 218
Trade Payables: 82
: 469
Total Liabilities: 807
: 517
Capital Work in Progress: 14
: 3
: 74
: 0
Cash & Bank: 27
: 172
Total Assets: 807
Total Debt: 647
Net Working Capital: -82
Contingent Liabilities: 202
Book Value per Share: 21.14
Face Value: 10.00
Total Debt: 647
Net Working Capital: -82
Contingent Liabilities: 202
Book Value per Share: 21.14
Face Value: 10.00

Mar 2014

: 20
: 23
: 236
Trade Payables: 87
: 450
Total Liabilities: 816
: 490
Capital Work in Progress: 8
: 8
: 105
: 0
Cash & Bank: 14
: 190
Total Assets: 816
Total Debt: 601
Net Working Capital: -95
Contingent Liabilities: 185
Book Value per Share: 21.41
Face Value: 10.00
Total Debt: 601
Net Working Capital: -95
Contingent Liabilities: 185
Book Value per Share: 21.41
Face Value: 10.00

Mar 2015

: 22
: -6
: 265
Trade Payables: 82
: 375
Total Liabilities: 738
: 397
Capital Work in Progress: 4
: 0
: 154
: 0
Cash & Bank: 10
: 172
Total Assets: 738
Total Debt: 581
Net Working Capital: -118
Contingent Liabilities: 212
Book Value per Share: 7.25
Face Value: 10.00
Total Debt: 581
Net Working Capital: -118
Contingent Liabilities: 212
Book Value per Share: 7.25
Face Value: 10.00

Mar 2016

: 22
: -52
: 228
Trade Payables: 76
: 365
Total Liabilities: 640
: 368
Capital Work in Progress: 7
: 0
: 86
: 0
Cash & Bank: 9
: 170
Total Assets: 640
Total Debt: 534
Net Working Capital: -149
Contingent Liabilities: 171
Book Value per Share: -13.30
Face Value: 10.00
Total Debt: 534
Net Working Capital: -149
Contingent Liabilities: 171
Book Value per Share: -13.30
Face Value: 10.00

Mar 2017

: 22
: -86
: 245
Trade Payables: 82
: 342
Total Liabilities: 605
: 358
Capital Work in Progress: 7
: 0
: 88
: 0
Cash & Bank: 9
: 143
Total Assets: 605
Total Debt: 518
Net Working Capital: -206
Contingent Liabilities: 109
Book Value per Share: -28.48
Face Value: 10.00
Total Debt: 518
Net Working Capital: -206
Contingent Liabilities: 109
Book Value per Share: -28.48
Face Value: 10.00

Mar 2018

: 22
: -258
: 329
Trade Payables: 52
: 317
Total Liabilities: 463
: 335
Capital Work in Progress: 3
: 0
: 44
: 0
Cash & Bank: 4
: 77
Total Assets: 463
Total Debt: 569
Net Working Capital: -385
Contingent Liabilities: 27
Book Value per Share: -105.71
Face Value: 10.00
Total Debt: 569
Net Working Capital: -385
Contingent Liabilities: 27
Book Value per Share: -105.71
Face Value: 10.00

Mar 2019

: 22
: -414
: 440
Trade Payables: 45
: 181
Total Liabilities: 274
: 206
Capital Work in Progress: 0
: 0
: 21
: 0
Cash & Bank: 0
: 46
Total Assets: 274
Total Debt: 446
Net Working Capital: -654
Contingent Liabilities: 17
Book Value per Share: -175.88
Face Value: 10.00
Total Debt: 446
Net Working Capital: -654
Contingent Liabilities: 17
Book Value per Share: -175.88
Face Value: 10.00

Mar 2020

: 22
: -313
: 488
Trade Payables: 62
: 3
Total Liabilities: 262
: 191
Capital Work in Progress: 0
: 0
: 21
: 0
Cash & Bank: 0
: 51
Total Assets: 262
Total Debt: 490
Net Working Capital: -548
Contingent Liabilities: 11
Book Value per Share: -130.51
Face Value: 10.00
Total Debt: 490
Net Working Capital: -548
Contingent Liabilities: 11
Book Value per Share: -130.51
Face Value: 10.00

Mar 2021

: 22
: -371
: 522
Trade Payables: 75
: 7
Total Liabilities: 255
: 178
Capital Work in Progress: 0
: 0
: 19
: 0
Cash & Bank: 0
: 58
Total Assets: 255
Total Debt: 523
Net Working Capital: -598
Contingent Liabilities: 10
Book Value per Share: -156.34
Face Value: 10.00
Total Debt: 523
Net Working Capital: -598
Contingent Liabilities: 10
Book Value per Share: -156.34
Face Value: 10.00

Mar 2022

: 22
: -386
: 529
Trade Payables: 101
: 10
Total Liabilities: 276
: 165
Capital Work in Progress: 0
: 0
: 44
: 0
Cash & Bank: 0
: 67
Total Assets: 276
Total Debt: 529
Net Working Capital: -591
Contingent Liabilities: 11
Book Value per Share: -163.10
Face Value: 10.00
Total Debt: 529
Net Working Capital: -591
Contingent Liabilities: 11
Book Value per Share: -163.10
Face Value: 10.00

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
	90	71	85	109	92	51	134	13	24	61
Cash from Investing	-2	-11	2	-7	-24	-5	114	0	-1	-1
Cash from Financing	-70	-72	-90	-103	-68	-51	-251	-14	-23	-61
	18	-12	-4	-1	-0	-5	-4	-0	-0	0
Free Cash Flow	90	65	85	98	74	51	134	13	24	61
OCF / Net Profit	-13.30	-10.93	-1.89	-7.25	-2.74	-0.30	-1.81	0.13	-0.42	-3.96
Cumulative 5-Year FCF	0	0	0	0	412	373	441	370	296	284
OCF / Net Profit	-13.30	-10.93	-1.89	-7.25	-2.74	-0.30	-1.81	0.13	-0.42	-3.96
Cumulative 5-Year FCF	0	0	0	0	412	373	441	370	296	284

Mar 2013

: 90
Cash from Investing: -2
Cash from Financing: -70
: 18
Free Cash Flow: 90
OCF / Net Profit: -13.30
Cumulative 5-Year FCF: 0
OCF / Net Profit: -13.30
Cumulative 5-Year FCF: 0

Mar 2014

: 71
Cash from Investing: -11
Cash from Financing: -72
: -12
Free Cash Flow: 65
OCF / Net Profit: -10.93
Cumulative 5-Year FCF: 0
OCF / Net Profit: -10.93
Cumulative 5-Year FCF: 0

Mar 2015

: 85
Cash from Investing: 2
Cash from Financing: -90
: -4
Free Cash Flow: 85
OCF / Net Profit: -1.89
Cumulative 5-Year FCF: 0
OCF / Net Profit: -1.89
Cumulative 5-Year FCF: 0

Mar 2016

: 109
Cash from Investing: -7
Cash from Financing: -103
: -1
Free Cash Flow: 98
OCF / Net Profit: -7.25
Cumulative 5-Year FCF: 0
OCF / Net Profit: -7.25
Cumulative 5-Year FCF: 0

Mar 2017

: 92
Cash from Investing: -24
Cash from Financing: -68
: -0
Free Cash Flow: 74
OCF / Net Profit: -2.74
Cumulative 5-Year FCF: 412
OCF / Net Profit: -2.74
Cumulative 5-Year FCF: 412

Mar 2018

: 51
Cash from Investing: -5
Cash from Financing: -51
: -5
Free Cash Flow: 51
OCF / Net Profit: -0.30
Cumulative 5-Year FCF: 373
OCF / Net Profit: -0.30
Cumulative 5-Year FCF: 373

Mar 2019

: 134
Cash from Investing: 114
Cash from Financing: -251
: -4
Free Cash Flow: 134
OCF / Net Profit: -1.81
Cumulative 5-Year FCF: 441
OCF / Net Profit: -1.81
Cumulative 5-Year FCF: 441

Mar 2020

: 13
Cash from Investing: 0
Cash from Financing: -14
: -0
Free Cash Flow: 13
OCF / Net Profit: 0.13
Cumulative 5-Year FCF: 370
OCF / Net Profit: 0.13
Cumulative 5-Year FCF: 370

Mar 2021

: 24
Cash from Investing: -1
Cash from Financing: -23
: -0
Free Cash Flow: 24
OCF / Net Profit: -0.42
Cumulative 5-Year FCF: 296
OCF / Net Profit: -0.42
Cumulative 5-Year FCF: 296

Mar 2022

: 61
Cash from Investing: -1
Cash from Financing: -61
: 0
Free Cash Flow: 61
OCF / Net Profit: -3.96
Cumulative 5-Year FCF: 284
OCF / Net Profit: -3.96
Cumulative 5-Year FCF: 284

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
PER SHARE	-	-	-	-	-	-	-	-	-	-
EPS (₹)	-2.78	-3.27	-19.53	-6.73	-15.01	-77.01	-33.20	45.68	-25.43	-6.96
Book Value (₹)	21.14	21.41	7.25	-13.30	-28.48	-105.71	-175.88	-130.51	-156.34	-163.10
Dividend per Share (₹)	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Cash EPS (₹)	2.25	1.86	-0.10	0.92	-0.12	-5.61	-2.20	4.65	-1.66	-0.07
PROFITABILITY	-	-	-	-	-	-	-	-	-	-
Operating Margin %	12.20%	12.14%	9.30%	11.92%	8.09%	-8.53%	0.54%	0.52%	3.36%	6.71%
Net Margin %	-0.72%	-0.62%	-4.40%	-1.57%	-3.61%	-26.75%	-9.12%	18.15%	-11.12%	-1.67%
ROE %	-18.45%	-16.17%	-153.32%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
ROCE %	9.04%	11.71%	2.62%	13.39%	9.06%	-21.35%	-7.01%	127.45%	1.33%	28.62%
	-0.86%	-0.80%	-5.78%	-2.18%	-5.37%	-32.15%	-20.09%	37.98%	-21.90%	-5.84%
EFFICIENCY	-	-	-	-	-	-	-	-	-	-
Debtor Days	31	33	30	31	35	32	8	5	5	4
Inventory Days	24	31	46	46	34	38	15	13	14	12
Payable Days	37	45	46	48	46	49	29	45	67	47
	18	19	31	29	23	21	-6	-27	-48	-31
FINANCIAL HEALTH	-	-	-	-	-	-	-	-	-	-
Debt to Equity (x)	14.38x	10.99x	20.46x	-30.67x	-10.11x	-2.55x	-1.14x	-1.69x	-1.50x	-1.46x
Interest Coverage (x)	0.83x	0.91x	0.18x	0.83x	0.57x	-1.02x	-0.23x	2.71x	0.04x	0.76x
	0.76x	0.75x	0.72x	0.61x	0.52x	0.22x	0.08x	0.09x	0.08x	0.14x
GROWTH	-	-	-	-	-	-	-	-	-	-
Revenue Growth %	10.27%	11.75%	-3.04%	-6.65%	-2.95%	-30.74%	26.49%	-30.82%	-9.33%	82.64%
Operating Profit Growth %	3197.90%	11.15%	-25.69%	19.60%	-34.00%	-172.96%	108.00%	-33.34%	487.60%	264.21%
Net Profit Growth %	93.46%	4.37%	-593.13%	66.58%	-122.84%	-413.18%	56.90%	237.62%	-155.68%	72.65%
	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
VALUATION	-	-	-	-	-	-	-	-	-	-
P/E (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
P/B (x)	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x
Dividend Yield %	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%	0.00%
	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x	0.00x

Mar 2013

EPS (₹): -2.78
Book Value (₹): 21.14
Dividend per Share (₹): 0.00
Cash EPS (₹): 2.25
Operating Margin %: 12.20%
Net Margin %: -0.72%
ROE %: -18.45%
ROCE %: 9.04%
: -0.86%
Debtor Days: 31
Inventory Days: 24
Payable Days: 37
: 18
Debt to Equity (x): 14.38x
Interest Coverage (x): 0.83x
: 0.76x
Revenue Growth %: 10.27%
Operating Profit Growth %: 3197.90%
Net Profit Growth %: 93.46%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2014

EPS (₹): -3.27
Book Value (₹): 21.41
Dividend per Share (₹): 0.00
Cash EPS (₹): 1.86
Operating Margin %: 12.14%
Net Margin %: -0.62%
ROE %: -16.17%
ROCE %: 11.71%
: -0.80%
Debtor Days: 33
Inventory Days: 31
Payable Days: 45
: 19
Debt to Equity (x): 10.99x
Interest Coverage (x): 0.91x
: 0.75x
Revenue Growth %: 11.75%
Operating Profit Growth %: 11.15%
Net Profit Growth %: 4.37%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2015

EPS (₹): -19.53
Book Value (₹): 7.25
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.10
Operating Margin %: 9.30%
Net Margin %: -4.40%
ROE %: -153.32%
ROCE %: 2.62%
: -5.78%
Debtor Days: 30
Inventory Days: 46
Payable Days: 46
: 31
Debt to Equity (x): 20.46x
Interest Coverage (x): 0.18x
: 0.72x
Revenue Growth %: -3.04%
Operating Profit Growth %: -25.69%
Net Profit Growth %: -593.13%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2016

EPS (₹): -6.73
Book Value (₹): -13.30
Dividend per Share (₹): 0.00
Cash EPS (₹): 0.92
Operating Margin %: 11.92%
Net Margin %: -1.57%
ROE %: 0.00%
ROCE %: 13.39%
: -2.18%
Debtor Days: 31
Inventory Days: 46
Payable Days: 48
: 29
Debt to Equity (x): -30.67x
Interest Coverage (x): 0.83x
: 0.61x
Revenue Growth %: -6.65%
Operating Profit Growth %: 19.60%
Net Profit Growth %: 66.58%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2017

EPS (₹): -15.01
Book Value (₹): -28.48
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.12
Operating Margin %: 8.09%
Net Margin %: -3.61%
ROE %: 0.00%
ROCE %: 9.06%
: -5.37%
Debtor Days: 35
Inventory Days: 34
Payable Days: 46
: 23
Debt to Equity (x): -10.11x
Interest Coverage (x): 0.57x
: 0.52x
Revenue Growth %: -2.95%
Operating Profit Growth %: -34.00%
Net Profit Growth %: -122.84%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2018

EPS (₹): -77.01
Book Value (₹): -105.71
Dividend per Share (₹): 0.00
Cash EPS (₹): -5.61
Operating Margin %: -8.53%
Net Margin %: -26.75%
ROE %: 0.00%
ROCE %: -21.35%
: -32.15%
Debtor Days: 32
Inventory Days: 38
Payable Days: 49
: 21
Debt to Equity (x): -2.55x
Interest Coverage (x): -1.02x
: 0.22x
Revenue Growth %: -30.74%
Operating Profit Growth %: -172.96%
Net Profit Growth %: -413.18%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2019

EPS (₹): -33.20
Book Value (₹): -175.88
Dividend per Share (₹): 0.00
Cash EPS (₹): -2.20
Operating Margin %: 0.54%
Net Margin %: -9.12%
ROE %: 0.00%
ROCE %: -7.01%
: -20.09%
Debtor Days: 8
Inventory Days: 15
Payable Days: 29
: -6
Debt to Equity (x): -1.14x
Interest Coverage (x): -0.23x
: 0.08x
Revenue Growth %: 26.49%
Operating Profit Growth %: 108.00%
Net Profit Growth %: 56.90%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2020

EPS (₹): 45.68
Book Value (₹): -130.51
Dividend per Share (₹): 0.00
Cash EPS (₹): 4.65
Operating Margin %: 0.52%
Net Margin %: 18.15%
ROE %: 0.00%
ROCE %: 127.45%
: 37.98%
Debtor Days: 5
Inventory Days: 13
Payable Days: 45
: -27
Debt to Equity (x): -1.69x
Interest Coverage (x): 2.71x
: 0.09x
Revenue Growth %: -30.82%
Operating Profit Growth %: -33.34%
Net Profit Growth %: 237.62%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2021

EPS (₹): -25.43
Book Value (₹): -156.34
Dividend per Share (₹): 0.00
Cash EPS (₹): -1.66
Operating Margin %: 3.36%
Net Margin %: -11.12%
ROE %: 0.00%
ROCE %: 1.33%
: -21.90%
Debtor Days: 5
Inventory Days: 14
Payable Days: 67
: -48
Debt to Equity (x): -1.50x
Interest Coverage (x): 0.04x
: 0.08x
Revenue Growth %: -9.33%
Operating Profit Growth %: 487.60%
Net Profit Growth %: -155.68%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Mar 2022

EPS (₹): -6.96
Book Value (₹): -163.10
Dividend per Share (₹): 0.00
Cash EPS (₹): -0.07
Operating Margin %: 6.71%
Net Margin %: -1.67%
ROE %: 0.00%
ROCE %: 28.62%
: -5.84%
Debtor Days: 4
Inventory Days: 12
Payable Days: 47
: -31
Debt to Equity (x): -1.46x
Interest Coverage (x): 0.76x
: 0.14x
Revenue Growth %: 82.64%
Operating Profit Growth %: 264.21%
Net Profit Growth %: 72.65%
: 0.00%
P/E (x): 0.00x
P/B (x): 0.00x
Dividend Yield %: 0.00%
: 0.00x

Shareholding Pattern

Numbers in percentages

TRADES

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	49.14	49.14	30.76	34.22	34.22	34.22	34.22	37.50	37.51
	0.24	0.32	0.64	0.54	0.21	0.33	0.46	5.62	5.62
	0.01	0.01	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	50.61	50.54	68.60	65.24	65.57	65.45	65.32	56.87	56.87

Jun 2024

: 49.14
: 0.24
: 0.01
Government: 0.00
: 50.61

Sep 2024

: 49.14
: 0.32
: 0.01
Government: 0.00
: 50.54

Dec 2024

: 30.76
: 0.64
: 0.00
Government: 0.00
: 68.60

Mar 2025

: 34.22
: 0.54
: 0.00
Government: 0.00
: 65.24

Jun 2025

: 34.22
: 0.21
: 0.00
Government: 0.00
: 65.57

Sep 2025

: 34.22
: 0.33
: 0.00
Government: 0.00
: 65.45

Dec 2025

: 34.22
: 0.46
: 0.00
Government: 0.00
: 65.32

Mar 2026

: 37.50
: 5.62
: 0.00
Government: 0.00
: 56.87

Jun 2026

: 37.51
: 5.62
: 0.00
Government: 0.00
: 56.87

Documents

Announcements

Copy of Newspaper Publication
2026-08-12 - Vardhman Polytex Limited has informed the Exchange about Copy of Newspaper Publication of financial results for the quarter ended 30 June, 2026.
Press Release
2026-08-11 - Vardhman Polytex Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "Press release regarding quarterly financial results- June 2026".

Annual Reports

Credit Ratings

Nothing filed yet.

Concalls

Nothing filed yet.