Vardhman Holdings Ltd.
•₹ 3,453.8-1.6%
2026-08-21
PROS
- Company has delivered good profit growth of 108.8% CAGR over last 5 years
- Comfortable capital adequacy - CAR of 50.9%
- Solid return on assets for a lender - ROA of 4.0%
- Asset quality is healthy - gross NPA of just 0.0%
- Company has consistently been profitable over the last 5 years
CONS
- Company has a low return on capital employed of 7.2%
- Company has a low return on equity of 7.0% over last 3 years
- Operating margins have contracted to 72.9% from 96.4%
- Effective tax rate is unusually low at 5.5% - earnings may be flattered
- Company has delivered a poor sales growth of 1.9% over past five years
- Thin net interest margin of 0.0%
* The pros and cons are machine generated based on quantitative rules.
Peer comparison
EDIT COLUMNS| 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. | BAJFINANCE | 1078.60 | 33.07 | 671531.43 | 0.56 | 6080.60 | 27.60 | 23165.45 | 20.37 | 10.87 | 70.70 |
| 2. | SHRIRAMFIN | 1104.90 | 22.97 | 259981.15 | 0.98 | 3452.77 | 59.90 | 13400.43 | 17.46 | 11.49 | 74.63 |
| 3. | JIOFIN | 242.70 | 77.55 | 160258.25 | 0.25 | 830.25 | 155.73 | 2004.47 | 227.28 | 2.11 | 69.71 |
| 4. | CHOLAFIN | 1866.25 | 27.72 | 159390.07 | 0.11 | 1656.22 | 45.56 | 8856.29 | 21.89 | 9.70 | 70.07 |
| 5. | TATACAP | 365.15 | 28.68 | 155001.39 | 0.16 | 16281.80 | 1464.16 | 88219.30 | 1051.00 | 8.66 | 75.72 |
| 6. | BAJAJHLDNG | 11322.85 | 14.23 | 126015.97 | 1.72 | 2708.08 | -92.27 | 394.33 | 23.34 | 14.81 | 684.72 |
| 7. | MUTHOOTFIN | 2859.20 | 10.09 | 114787.87 | 1.05 | 2824.84 | 43.08 | 8671.60 | 36.25 | 15.87 | 83.76 |
| 8. | ABCAPITAL | 396.75 | 26.46 | 108592.29 | 0.00 | 1223.85 | 43.85 | 12179.54 | 137.84 | 8.82 | 41.91 |
| 9. | LTF | 315.00 | 24.80 | 78940.44 | 0.87 | 915.99 | 30.70 | 5212.92 | 22.38 | 8.54 | 62.13 |
| 10. | SBICARD | 626.30 | 0.00 | 59601.37 | 0.40 | 664.44 | 19.51 | 5040.55 | 7.60 | 11.75 | 29.83 |
| 11. | HDBFS | 681.15 | 26.00 | 56579.31 | 0.59 | 785.20 | 38.31 | 4937.90 | 18.71 | 9.09 | 57.98 |
| 12. | VHL | 3454.30 | 4.38 | 1102.45 | 0.14 | 98.08 | -84.33 | 10.83 | 217.60 | 7.98 | 921.79 |
Detailed Comparison with:
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6 | 30 | 8 | 0 | 7 | 7 | 7 | 2 | 3 | 3 | 6 | 0 | 11 | |
| 0 | 1 | 0 | 3 | 1 | 3 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | |
| Operating Profit | — | — | — | — | — | — | — | — | — | — | — | — | — |
| OPM % | — | — | — | — | — | — | — | — | — | — | — | — | — |
| Other Income | 0 | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 1 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6 | 30 | 8 | -31 | 6 | 5 | 6 | 2 | 4 | 3 | 6 | -0 | 100 | |
| Tax % | 23.85% | 23.10% | 11.02% | -0.52% | 22.05% | 237.13% | 10.12% | 24.71% | 24.86% | 397.55% | 20.28% | 188.89% | 2.25% |
| Net Profit | 0 | 0 | 0 | 0 | 731 | 494 | 658 | 697 | 626 | 461 | 537 | 536 | 98 |
| 137 | 194 | 168 | 80 | 229 | 155 | 206 | 219 | 196 | 144 | 168 | 168 | 31 | |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 3,132 | 3,207 | 3,275 | 3,294 | 3,460 | 3,502 | 0 | 3,537 | 3,657 | 3,732 | 0 | 3,762 | 3,927 |
| Promoter Pledge % | 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% |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 3,132 | 3,207 | 3,275 | 3,294 | 3,460 | 3,502 | 0 | 3,537 | 3,657 | 3,732 | 0 | 3,762 | 3,927 |
| Promoter Pledge % | 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% |
Jun 2023
- 6
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 23.85%
- Net Profit
- 0
- 137
- Equity Capital
- 3
- Reserves
- 3,132
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 3,132
- Promoter Pledge %
- 0.00%
Sep 2023
- 30
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 30
- Tax %
- 23.10%
- Net Profit
- 0
- 194
- Equity Capital
- 3
- Reserves
- 3,207
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 3,207
- Promoter Pledge %
- 0.00%
Dec 2023
- 8
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 8
- Tax %
- 11.02%
- Net Profit
- 0
- 168
- Equity Capital
- 3
- Reserves
- 3,275
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 3,275
- Promoter Pledge %
- 0.00%
Mar 2024
- 0
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- -31
- Tax %
- -0.52%
- Net Profit
- 0
- 80
- Equity Capital
- 3
- Reserves
- 3,294
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 3,294
- Promoter Pledge %
- 0.00%
Jun 2024
- 7
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 22.05%
- Net Profit
- 731
- 229
- Equity Capital
- 3
- Reserves
- 3,460
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 3,460
- Promoter Pledge %
- 0.00%
Sep 2024
- 7
- 3
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 5
- Tax %
- 237.13%
- Net Profit
- 494
- 155
- Equity Capital
- 3
- Reserves
- 3,502
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 3,502
- Promoter Pledge %
- 0.00%
Dec 2024
- 7
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 10.12%
- Net Profit
- 658
- 206
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2025
- 2
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 2
- Tax %
- 24.71%
- Net Profit
- 697
- 219
- Equity Capital
- 3
- Reserves
- 3,537
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 3,537
- Promoter Pledge %
- 0.00%
Jun 2025
- 3
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 4
- Tax %
- 24.86%
- Net Profit
- 626
- 196
- Equity Capital
- 3
- Reserves
- 3,657
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 3,657
- Promoter Pledge %
- 0.00%
Sep 2025
- 3
- 0
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 3
- Tax %
- 397.55%
- Net Profit
- 461
- 144
- Equity Capital
- 3
- Reserves
- 3,732
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 3,732
- Promoter Pledge %
- 0.00%
Dec 2025
- 6
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- 6
- Tax %
- 20.28%
- Net Profit
- 537
- 168
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 0
- Promoter Pledge %
- 0.00%
Mar 2026
- 0
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 0
- Interest
- 0
- Depreciation
- 0
- -0
- Tax %
- 188.89%
- Net Profit
- 536
- 168
- Equity Capital
- 3
- Reserves
- 3,762
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 3,762
- Promoter Pledge %
- 0.00%
Jun 2026
- 11
- 1
- Operating Profit
- —
- OPM %
- —
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 100
- Tax %
- 2.25%
- Net Profit
- 98
- 31
- Equity Capital
- 3
- Reserves
- 3,927
- Promoter Pledge %
- 0.00%
- Equity Capital
- 3
- Reserves
- 3,927
- Promoter Pledge %
- 0.00%
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 68 | 42 | 14 | 21 | 20 | 33 | 6 | 15 | 23 | 20 | |
| 4 | 3 | 17 | 8 | 14 | 2 | 3 | 4 | 4 | 6 | 2 | |
| Operating Profit | 10 | 310 | 26 | 8 | 8 | 19 | 32 | 3 | 13 | 18 | — |
| OPM % | 82 | 455 | 62 | 54 | 38 | 95 | 96 | 58 | 87 | 81 | — |
| Other Income | 1 | 244 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 2 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 10 | 310 | 26 | 7 | 8 | 133 | 459 | 225 | 194 | 273 | 109 | |
| Tax % | 13 | 2 | 9 | 3 | 17 | 3 | 7 | -2 | 5 | 5 | 13 |
| Net Profit | 9 | 303 | 23 | 7 | 6 | 130 | 429 | 228 | 185 | 258 | 94 |
| EPS | 0 | 0 | 0 | 0 | 0 | 406 | 1,344 | 716 | 579 | 808 | — |
| Dividend Payout % | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 1 | 1 | 1 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 150 | 0 | 155 | 195 | 153 | 0 | 0 | 0 | 0 | 0 | 247 |
| Adjusted EPS | 497 | 950 | 560 | 632 | 500 | 406 | 1,344 | 716 | 579 | 808 | — |
| Minority Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Share of Associates | 150 | 0 | 155 | 195 | 153 | 0 | 0 | 0 | 0 | 0 | 247 |
| Adjusted EPS | 497 | 950 | 560 | 632 | 500 | 406 | 1,344 | 716 | 579 | 808 | — |
Mar 2016
- 13
- 4
- Operating Profit
- 10
- OPM %
- 82
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 10
- Tax %
- 13
- Net Profit
- 9
- EPS
- 0
- Dividend Payout %
- 1
- Minority Interest
- 0
- Share of Associates
- 150
- Adjusted EPS
- 497
- Minority Interest
- 0
- Share of Associates
- 150
- Adjusted EPS
- 497
Mar 2017
- 68
- 3
- Operating Profit
- 310
- OPM %
- 455
- Other Income
- 244
- Interest
- 0
- Depreciation
- 0
- 310
- Tax %
- 2
- Net Profit
- 303
- EPS
- 0
- Dividend Payout %
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 950
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 950
Mar 2018
- 42
- 17
- Operating Profit
- 26
- OPM %
- 62
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 26
- Tax %
- 9
- Net Profit
- 23
- EPS
- 0
- Dividend Payout %
- 1
- Minority Interest
- 0
- Share of Associates
- 155
- Adjusted EPS
- 560
- Minority Interest
- 0
- Share of Associates
- 155
- Adjusted EPS
- 560
Mar 2019
- 14
- 8
- Operating Profit
- 8
- OPM %
- 54
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 7
- Tax %
- 3
- Net Profit
- 7
- EPS
- 0
- Dividend Payout %
- 1
- Minority Interest
- 0
- Share of Associates
- 195
- Adjusted EPS
- 632
- Minority Interest
- 0
- Share of Associates
- 195
- Adjusted EPS
- 632
Mar 2020
- 21
- 14
- Operating Profit
- 8
- OPM %
- 38
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 8
- Tax %
- 17
- Net Profit
- 6
- EPS
- 0
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 153
- Adjusted EPS
- 500
- Minority Interest
- 0
- Share of Associates
- 153
- Adjusted EPS
- 500
Mar 2021
- 20
- 2
- Operating Profit
- 19
- OPM %
- 95
- Other Income
- 1
- Interest
- 0
- Depreciation
- 0
- 133
- Tax %
- 3
- Net Profit
- 130
- EPS
- 406
- Dividend Payout %
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 406
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 406
Mar 2022
- 33
- 3
- Operating Profit
- 32
- OPM %
- 96
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 459
- Tax %
- 7
- Net Profit
- 429
- EPS
- 1,344
- Dividend Payout %
- 0
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1,344
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 1,344
Mar 2023
- 6
- 4
- Operating Profit
- 3
- OPM %
- 58
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 225
- Tax %
- -2
- Net Profit
- 228
- EPS
- 716
- Dividend Payout %
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 716
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 716
Mar 2024
- 15
- 4
- Operating Profit
- 13
- OPM %
- 87
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 194
- Tax %
- 5
- Net Profit
- 185
- EPS
- 579
- Dividend Payout %
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 579
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 579
Mar 2025
- 23
- 6
- Operating Profit
- 18
- OPM %
- 81
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 273
- Tax %
- 5
- Net Profit
- 258
- EPS
- 808
- Dividend Payout %
- 1
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 808
- Minority Interest
- 0
- Share of Associates
- 0
- Adjusted EPS
- 808
TTM
- 20
- 2
- Operating Profit
- —
- OPM %
- —
- Other Income
- 2
- Interest
- 0
- Depreciation
- 0
- 109
- Tax %
- 13
- Net Profit
- 94
- EPS
- —
- Dividend Payout %
- —
- Minority Interest
- 0
- Share of Associates
- 247
- Adjusted EPS
- —
- Minority Interest
- 0
- Share of Associates
- 247
- Adjusted EPS
- —
COMPOUNDED SALES GROWTH
- 10 Years:
- —
- 5 Years:
- 2%
- 3 Years:
- -12%
COMPOUNDED PROFIT GROWTH
- 10 Years:
- —
- 5 Years:
- 10%
- 3 Years:
- -16%
STOCK PRICE CAGR
- 10 Years:
- 10%
- 5 Years:
- 3%
- 3 Years:
- 7%
- 1 Year:
- -9%
RETURN ON EQUITY
- 10 Years:
- 7%
- 5 Years:
- 9%
- 3 Years:
- 7%
- Last Year:
- 8%
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| LIABILITIES | - | - | - | - | - | - | - | - | - | - |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| 1,244 | 1,545 | 1,819 | 1,994 | 2,122 | 2,303 | 2,774 | 3,096 | 3,294 | 3,537 | |
| 13 | 55 | -35 | 23 | 23 | 20 | -23 | -17 | -10 | -2 | |
| Total Liabilities | 1,260 | 1,603 | 1,787 | 2,021 | 2,149 | 2,326 | 2,753 | 3,083 | 3,287 | 3,539 |
| ASSETS | - | - | - | - | - | - | - | - | - | - |
| 1 | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | |
| 1,240 | 1,506 | 1,776 | 1,952 | 1,979 | 2,167 | 2,738 | 3,065 | 3,270 | 3,528 | |
| 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | |
| Cash & Bank | 1 | 1 | 2 | 2 | 5 | 76 | 3 | 4 | 4 | 2 |
| 19 | 95 | 6 | 63 | 161 | 80 | 10 | 10 | 10 | 6 | |
| Total Assets | 1,260 | 1,603 | 1,787 | 2,021 | 2,149 | 2,326 | 2,753 | 3,083 | 3,287 | 3,539 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 190 | 372 | 229 | 251 | 189 | 235 | 335 | 72 | 91 | 125 |
| Contingent Liabilities | 0 | 0 | 0 | 1 | 0 | 1 | 3 | 3 | 3 | 4 |
| Book Value per Share | 3907.53 | 4851.57 | 5708.71 | 6258.73 | 6660.44 | 7224.79 | 8700.72 | 9712.04 | 10331.10 | 11093.42 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
| Total Debt | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Net Working Capital | 190 | 372 | 229 | 251 | 189 | 235 | 335 | 72 | 91 | 125 |
| Contingent Liabilities | 0 | 0 | 0 | 1 | 0 | 1 | 3 | 3 | 3 | 4 |
| Book Value per Share | 3907.53 | 4851.57 | 5708.71 | 6258.73 | 6660.44 | 7224.79 | 8700.72 | 9712.04 | 10331.10 | 11093.42 |
| Face Value | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 | 10.00 |
Mar 2016
- Equity Capital
- 3
- 1,244
- 13
- Total Liabilities
- 1,260
- 1
- 1,240
- 0
- Cash & Bank
- 1
- 19
- Total Assets
- 1,260
- Total Debt
- 0
- Net Working Capital
- 190
- Contingent Liabilities
- 0
- Book Value per Share
- 3907.53
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 190
- Contingent Liabilities
- 0
- Book Value per Share
- 3907.53
- Face Value
- 10.00
Mar 2017
- Equity Capital
- 3
- 1,545
- 55
- Total Liabilities
- 1,603
- 1
- 1,506
- 0
- Cash & Bank
- 1
- 95
- Total Assets
- 1,603
- Total Debt
- 0
- Net Working Capital
- 372
- Contingent Liabilities
- 0
- Book Value per Share
- 4851.57
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 372
- Contingent Liabilities
- 0
- Book Value per Share
- 4851.57
- Face Value
- 10.00
Mar 2018
- Equity Capital
- 3
- 1,819
- -35
- Total Liabilities
- 1,787
- 3
- 1,776
- 0
- Cash & Bank
- 2
- 6
- Total Assets
- 1,787
- Total Debt
- 0
- Net Working Capital
- 229
- Contingent Liabilities
- 0
- Book Value per Share
- 5708.71
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 229
- Contingent Liabilities
- 0
- Book Value per Share
- 5708.71
- Face Value
- 10.00
Mar 2019
- Equity Capital
- 3
- 1,994
- 23
- Total Liabilities
- 2,021
- 3
- 1,952
- 0
- Cash & Bank
- 2
- 63
- Total Assets
- 2,021
- Total Debt
- 0
- Net Working Capital
- 251
- Contingent Liabilities
- 1
- Book Value per Share
- 6258.73
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 251
- Contingent Liabilities
- 1
- Book Value per Share
- 6258.73
- Face Value
- 10.00
Mar 2020
- Equity Capital
- 3
- 2,122
- 23
- Total Liabilities
- 2,149
- 3
- 1,979
- 0
- Cash & Bank
- 5
- 161
- Total Assets
- 2,149
- Total Debt
- 0
- Net Working Capital
- 189
- Contingent Liabilities
- 0
- Book Value per Share
- 6660.44
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 189
- Contingent Liabilities
- 0
- Book Value per Share
- 6660.44
- Face Value
- 10.00
Mar 2021
- Equity Capital
- 3
- 2,303
- 20
- Total Liabilities
- 2,326
- 3
- 2,167
- 0
- Cash & Bank
- 76
- 80
- Total Assets
- 2,326
- Total Debt
- 0
- Net Working Capital
- 235
- Contingent Liabilities
- 1
- Book Value per Share
- 7224.79
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 235
- Contingent Liabilities
- 1
- Book Value per Share
- 7224.79
- Face Value
- 10.00
Mar 2022
- Equity Capital
- 3
- 2,774
- -23
- Total Liabilities
- 2,753
- 3
- 2,738
- 0
- Cash & Bank
- 3
- 10
- Total Assets
- 2,753
- Total Debt
- 0
- Net Working Capital
- 335
- Contingent Liabilities
- 3
- Book Value per Share
- 8700.72
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 335
- Contingent Liabilities
- 3
- Book Value per Share
- 8700.72
- Face Value
- 10.00
Mar 2023
- Equity Capital
- 3
- 3,096
- -17
- Total Liabilities
- 3,083
- 3
- 3,065
- 0
- Cash & Bank
- 4
- 10
- Total Assets
- 3,083
- Total Debt
- 0
- Net Working Capital
- 72
- Contingent Liabilities
- 3
- Book Value per Share
- 9712.04
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 72
- Contingent Liabilities
- 3
- Book Value per Share
- 9712.04
- Face Value
- 10.00
Mar 2024
- Equity Capital
- 3
- 3,294
- -10
- Total Liabilities
- 3,287
- 3
- 3,270
- 0
- Cash & Bank
- 4
- 10
- Total Assets
- 3,287
- Total Debt
- 0
- Net Working Capital
- 91
- Contingent Liabilities
- 3
- Book Value per Share
- 10331.10
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 91
- Contingent Liabilities
- 3
- Book Value per Share
- 10331.10
- Face Value
- 10.00
Mar 2025
- Equity Capital
- 3
- 3,537
- -2
- Total Liabilities
- 3,539
- 3
- 3,528
- 0
- Cash & Bank
- 2
- 6
- Total Assets
- 3,539
- Total Debt
- 0
- Net Working Capital
- 125
- Contingent Liabilities
- 4
- Book Value per Share
- 11093.42
- Face Value
- 10.00
- Total Debt
- 0
- Net Working Capital
- 125
- Contingent Liabilities
- 4
- Book Value per Share
- 11093.42
- Face Value
- 10.00
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| 0 | -34 | 2 | 6 | -95 | 82 | -5 | 1 | -3 | -5 | |
| Cash from Investing | 0 | 36 | 0 | -3 | 99 | -10 | -69 | 2 | 4 | 5 |
| Cash from Financing | 0 | -1 | -2 | -2 | -2 | -0 | -2 | -2 | -2 | -2 |
| 0 | 1 | 0 | 1 | 2 | 72 | -75 | 2 | -0 | -2 | |
| Free Cash Flow | 0 | -34 | 0 | 6 | -95 | 82 | -5 | 1 | -3 | -5 |
| OCF / Net Profit | 0.00 | -0.11 | 0.10 | 0.82 | -14.56 | 0.63 | -0.01 | 0.01 | -0.02 | -0.02 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -41 | -12 | -10 | -19 | 70 |
| OCF / Net Profit | 0.00 | -0.11 | 0.10 | 0.82 | -14.56 | 0.63 | -0.01 | 0.01 | -0.02 | -0.02 |
| Cumulative 5-Year FCF | 0 | 0 | 0 | 0 | 0 | -41 | -12 | -10 | -19 | 70 |
Mar 2016
- 0
- Cash from Investing
- 0
- Cash from Financing
- 0
- 0
- Free Cash Flow
- 0
- OCF / Net Profit
- 0.00
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.00
- Cumulative 5-Year FCF
- 0
Mar 2017
- -34
- Cash from Investing
- 36
- Cash from Financing
- -1
- 1
- Free Cash Flow
- -34
- OCF / Net Profit
- -0.11
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -0.11
- Cumulative 5-Year FCF
- 0
Mar 2018
- 2
- Cash from Investing
- 0
- Cash from Financing
- -2
- 0
- Free Cash Flow
- 0
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.10
- Cumulative 5-Year FCF
- 0
Mar 2019
- 6
- Cash from Investing
- -3
- Cash from Financing
- -2
- 1
- Free Cash Flow
- 6
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- 0.82
- Cumulative 5-Year FCF
- 0
Mar 2020
- -95
- Cash from Investing
- 99
- Cash from Financing
- -2
- 2
- Free Cash Flow
- -95
- OCF / Net Profit
- -14.56
- Cumulative 5-Year FCF
- 0
- OCF / Net Profit
- -14.56
- Cumulative 5-Year FCF
- 0
Mar 2021
- 82
- Cash from Investing
- -10
- Cash from Financing
- -0
- 72
- Free Cash Flow
- 82
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- -41
- OCF / Net Profit
- 0.63
- Cumulative 5-Year FCF
- -41
Mar 2022
- -5
- Cash from Investing
- -69
- Cash from Financing
- -2
- -75
- Free Cash Flow
- -5
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- -12
- OCF / Net Profit
- -0.01
- Cumulative 5-Year FCF
- -12
Mar 2023
- 1
- Cash from Investing
- 2
- Cash from Financing
- -2
- 2
- Free Cash Flow
- 1
- OCF / Net Profit
- 0.01
- Cumulative 5-Year FCF
- -10
- OCF / Net Profit
- 0.01
- Cumulative 5-Year FCF
- -10
Mar 2024
- -3
- Cash from Investing
- 4
- Cash from Financing
- -2
- -0
- Free Cash Flow
- -3
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- -19
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- -19
Mar 2025
- -5
- Cash from Investing
- 5
- Cash from Financing
- -2
- -2
- Free Cash Flow
- -5
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- 70
- OCF / Net Profit
- -0.02
- Cumulative 5-Year FCF
- 70
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|
| PER SHARE | - | - | - | - | - | - | - | - | - | - |
| EPS (₹) | 496.89 | 950.06 | 559.83 | 632.39 | 500.44 | 405.80 | 1344.44 | 715.75 | 579.29 | 808.41 |
| Book Value (₹) | 3907.53 | 4851.57 | 5708.71 | 6258.73 | 6660.44 | 7224.79 | 8700.72 | 9712.04 | 10331.10 | 11093.42 |
| Dividend per Share (₹) | 3.00 | 5.00 | 5.00 | 5.00 | 0.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 |
| Cash EPS (₹) | 28.49 | 950.18 | 72.98 | 22.82 | 20.39 | 405.83 | 1344.46 | 715.78 | 579.31 | 808.43 |
| PROFITABILITY | - | - | - | - | - | - | - | - | - | - |
| Operating Margin % | 81.64% | 455.47% | 62.34% | 53.79% | 38.24% | 95.27% | 96.45% | 57.77% | 70.88% | 72.87% |
| Net Margin % | 71.15% | 446.15% | 55.78% | 52.11% | 31.33% | 654.59% | 1296.72% | 3881.94% | 1240.71% | 1132.78% |
| ROE % | 1.23% | 21.69% | 1.38% | 0.38% | 0.32% | 5.85% | 16.88% | 7.77% | 5.78% | 7.55% |
| ROCE % | 1.11% | 22.14% | 1.54% | 0.39% | 0.38% | 6.02% | 18.08% | 7.66% | 6.07% | 7.98% |
| 0.91% | 21.18% | 1.37% | 0.38% | 0.31% | 5.79% | 16.89% | 7.83% | 5.81% | 7.56% | |
| EFFICIENCY | - | - | - | - | - | - | - | - | - | - |
| Debtor Days | 0 | 0 | 0 | 0 | 0 | 0 | 25 | 153 | 0 | 0 |
| Inventory Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Payable Days | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 0 | 0 | 0 | 0 | 0 | 0 | 25 | 153 | 0 | 0 | |
| FINANCIAL HEALTH | - | - | - | - | - | - | - | - | - | - |
| Debt to Equity (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x |
| Interest Coverage (x) | 0.00x | 0.00x | 82.32x | 195.85x | 89.99x | 1506.25x | 0.00x | 0.00x | 0.00x | 0.00x |
| 15.05x | 7.72x | 77.80x | 4.99x | 4.04x | 4.94x | 508.71x | 69.74x | 153.77x | 237.55x | |
| GROWTH | - | - | - | - | - | - | - | - | - | - |
| Revenue Growth % | -97.87% | 434.22% | -38.61% | -66.54% | 48.52% | -4.58% | 67.24% | -82.22% | 153.23% | 52.85% |
| Operating Profit Growth % | -87.60% | 2880.29% | -91.60% | -71.13% | 5.57% | 137.76% | 69.31% | -89.35% | 283.41% | 41.56% |
| Net Profit Growth % | 79.69% | 3249.66% | -92.32% | -68.74% | -10.70% | 1893.37% | 231.31% | -46.76% | -19.07% | 39.55% |
| 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | -19.07% | 39.55% | |
| VALUATION | - | - | - | - | - | - | - | - | - | - |
| P/E (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 4.82x | 4.16x |
| P/B (x) | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.27x | 0.30x |
| Dividend Yield % | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% | 0.18% | 0.15% |
| 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 0.00x | 68.11x | 58.12x |
Mar 2016
- EPS (₹)
- 496.89
- Book Value (₹)
- 3907.53
- Dividend per Share (₹)
- 3.00
- Cash EPS (₹)
- 28.49
- Operating Margin %
- 81.64%
- Net Margin %
- 71.15%
- ROE %
- 1.23%
- ROCE %
- 1.11%
- 0.91%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 15.05x
- Revenue Growth %
- -97.87%
- Operating Profit Growth %
- -87.60%
- Net Profit Growth %
- 79.69%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2017
- EPS (₹)
- 950.06
- Book Value (₹)
- 4851.57
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 950.18
- Operating Margin %
- 455.47%
- Net Margin %
- 446.15%
- ROE %
- 21.69%
- ROCE %
- 22.14%
- 21.18%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 7.72x
- Revenue Growth %
- 434.22%
- Operating Profit Growth %
- 2880.29%
- Net Profit Growth %
- 3249.66%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2018
- EPS (₹)
- 559.83
- Book Value (₹)
- 5708.71
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 72.98
- Operating Margin %
- 62.34%
- Net Margin %
- 55.78%
- ROE %
- 1.38%
- ROCE %
- 1.54%
- 1.37%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 82.32x
- 77.80x
- Revenue Growth %
- -38.61%
- Operating Profit Growth %
- -91.60%
- Net Profit Growth %
- -92.32%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2019
- EPS (₹)
- 632.39
- Book Value (₹)
- 6258.73
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 22.82
- Operating Margin %
- 53.79%
- Net Margin %
- 52.11%
- ROE %
- 0.38%
- ROCE %
- 0.39%
- 0.38%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 195.85x
- 4.99x
- Revenue Growth %
- -66.54%
- Operating Profit Growth %
- -71.13%
- Net Profit Growth %
- -68.74%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2020
- EPS (₹)
- 500.44
- Book Value (₹)
- 6660.44
- Dividend per Share (₹)
- 0.00
- Cash EPS (₹)
- 20.39
- Operating Margin %
- 38.24%
- Net Margin %
- 31.33%
- ROE %
- 0.32%
- ROCE %
- 0.38%
- 0.31%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 89.99x
- 4.04x
- Revenue Growth %
- 48.52%
- Operating Profit Growth %
- 5.57%
- Net Profit Growth %
- -10.70%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2021
- EPS (₹)
- 405.80
- Book Value (₹)
- 7224.79
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 405.83
- Operating Margin %
- 95.27%
- Net Margin %
- 654.59%
- ROE %
- 5.85%
- ROCE %
- 6.02%
- 5.79%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 1506.25x
- 4.94x
- Revenue Growth %
- -4.58%
- Operating Profit Growth %
- 137.76%
- Net Profit Growth %
- 1893.37%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2022
- EPS (₹)
- 1344.44
- Book Value (₹)
- 8700.72
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 1344.46
- Operating Margin %
- 96.45%
- Net Margin %
- 1296.72%
- ROE %
- 16.88%
- ROCE %
- 18.08%
- 16.89%
- Debtor Days
- 25
- Inventory Days
- 0
- Payable Days
- 0
- 25
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 508.71x
- Revenue Growth %
- 67.24%
- Operating Profit Growth %
- 69.31%
- Net Profit Growth %
- 231.31%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2023
- EPS (₹)
- 715.75
- Book Value (₹)
- 9712.04
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 715.78
- Operating Margin %
- 57.77%
- Net Margin %
- 3881.94%
- ROE %
- 7.77%
- ROCE %
- 7.66%
- 7.83%
- Debtor Days
- 153
- Inventory Days
- 0
- Payable Days
- 0
- 153
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 69.74x
- Revenue Growth %
- -82.22%
- Operating Profit Growth %
- -89.35%
- Net Profit Growth %
- -46.76%
- 0.00%
- P/E (x)
- 0.00x
- P/B (x)
- 0.00x
- Dividend Yield %
- 0.00%
- 0.00x
Mar 2024
- EPS (₹)
- 579.29
- Book Value (₹)
- 10331.10
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 579.31
- Operating Margin %
- 70.88%
- Net Margin %
- 1240.71%
- ROE %
- 5.78%
- ROCE %
- 6.07%
- 5.81%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 153.77x
- Revenue Growth %
- 153.23%
- Operating Profit Growth %
- 283.41%
- Net Profit Growth %
- -19.07%
- -19.07%
- P/E (x)
- 4.82x
- P/B (x)
- 0.27x
- Dividend Yield %
- 0.18%
- 68.11x
Mar 2025
- EPS (₹)
- 808.41
- Book Value (₹)
- 11093.42
- Dividend per Share (₹)
- 5.00
- Cash EPS (₹)
- 808.43
- Operating Margin %
- 72.87%
- Net Margin %
- 1132.78%
- ROE %
- 7.55%
- ROCE %
- 7.98%
- 7.56%
- Debtor Days
- 0
- Inventory Days
- 0
- Payable Days
- 0
- 0
- Debt to Equity (x)
- 0.00x
- Interest Coverage (x)
- 0.00x
- 237.55x
- Revenue Growth %
- 52.85%
- Operating Profit Growth %
- 41.56%
- Net Profit Growth %
- 39.55%
- 39.55%
- P/E (x)
- 4.16x
- P/B (x)
- 0.30x
- Dividend Yield %
- 0.15%
- 58.12x
Documents
Announcements
- Record Date
2026-08-20 - Vardhman Holdings Limited has informed the Exchange that Record date for the purpose of Dividend is 28-Aug-2026.
- Copy of Newspaper Publication
2026-08-18 - Vardhman Holdings Limited has informed the Exchange about Copy of Newspaper Publication
Annual Reports
Nothing filed yet.
Credit Ratings
Nothing filed yet.
Concalls
Nothing filed yet.