₹5.99
▼ -0.1 -1.64%
As of 27 Jul 2026 · delayed
NSE Listed
Vardhman Polytex Ltd. (VARDMNPOLY)
Volume: 1,81,219Avg Vol 1W: 2,31,265.2Avg Vol 1M: 2,05,675.0552W Range:₹5.1₹10.65
Key Ratios
Checked 2d agoMarket Cap₹221 Cr
Current Price₹5.99
Previous Close₹6.09
High / Low (52w)₹10.65 / ₹5.1
Volume1,81,219
Avg Vol (1W)2,31,265.2
Avg Vol (1M)2,05,675.05
Stock P/E300.5
Book Value₹-8.24
Dividend Yield0%
ROE426.5%
ROA-475.6%
Revenue (TTM)₹311 Cr
Revenue Growth82.6%
Profit Margin-167%
Total Debt₹0 Cr
Shares Outstanding36 Cr
Face Value₹10
EPS (TTM)₹0
P/B—
Debt / Equity0
50 DMA₹6.73
200 DMA₹6.94
Day change-1.64%
Price Chart
₹5.99▼ 41.84% · 1Y
2025-07-292026-07-27
20-day avg volume: 2.1L shares
Pros
- Healthy return on equity of 426.5%.
- Company is almost debt-free.
Cons
- Revenue fell 21% YoY.
- Company is loss-making at the latest annual result.
- Stock trades at a high P/E of 301.
- Negative book value per share.
Quarterly Results
| Metric | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹136 Cr | ₹43 Cr | ₹121 Cr | ₹151 Cr | ₹194 Cr | ₹192 Cr | ₹215 Cr | ₹244 Cr |
| EBITDA | ₹2 Cr | ₹-6 Cr | ₹-3 Cr | ₹-3 Cr | ₹15 Cr | ₹15 Cr | ₹14 Cr | ₹9 Cr |
| Net Profit | ₹162 Cr | ₹-22 Cr | ₹-20 Cr | ₹-14 Cr | ₹-1 Cr | ₹0 Cr | ₹-2 Cr | ₹-6 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹64 Cr | ₹64 Cr | ₹75 Cr | ₹81 Cr | ₹60 Cr | ₹62 Cr | ₹51 Cr | ₹65 Cr |
| EBITDA | ₹-6 Cr | ₹3 Cr | ₹28 Cr | ₹4 Cr | ₹4 Cr | ₹11 Cr | ₹1 Cr | ₹1 Cr |
| Net Profit | ₹-11 Cr | ₹1 Cr | ₹24 Cr | ₹1 Cr | ₹0 Cr | ₹6 Cr | ₹0 Cr | ₹1 Cr |
| EPS | — | — | — | — | — | — | — | — |
Balance Sheet
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹758 Cr | ₹676 Cr | ₹655 Cr | ₹513 Cr | ₹324 Cr | ₹313 Cr | ₹305 Cr | ₹326 Cr |
| Total Liabilities | ₹730 Cr | ₹693 Cr | ₹707 Cr | ₹736 Cr | ₹716 Cr | ₹604 Cr | ₹654 Cr | ₹690 Cr |
| Equity | ₹28 Cr | ₹-17 Cr | ₹-51 Cr | ₹-223 Cr | ₹-392 Cr | ₹-291 Cr | ₹-348 Cr | ₹-364 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹85 Cr | ₹109 Cr | ₹92 Cr | ₹51 Cr | ₹134 Cr | ₹13 Cr | ₹24 Cr | ₹61 Cr |
| Investing | ₹2 Cr | ₹-7 Cr | ₹-24 Cr | ₹-5 Cr | ₹114 Cr | ₹0 Cr | ₹-1 Cr | ₹-1 Cr |
| Financing | ₹-90 Cr | ₹-103 Cr | ₹-68 Cr | ₹-51 Cr | ₹-251 Cr | ₹-14 Cr | ₹-23 Cr | ₹-61 Cr |
| Free Cash Flow | ₹85 Cr | ₹109 Cr | ₹92 Cr | ₹51 Cr | ₹134 Cr | ₹13 Cr | ₹24 Cr | ₹61 Cr |
Shareholding
Promoter 37.5% Institutions 5.63% Public 56.87%
Efficiency & Working Capital
ROCE29.4%
Interest Coverage0.8
Dividend Payout—
Debtor Days4 d
Inventory Days17 d
Payable Days40 d
Cash Conversion Cycle-18 d
Working Capital Days21 d
Shareholding Details
As of 2026-06-30
Promoter37.5%
FII5.6%
DII0%
Institutions5.6%
Public56.9%
Promoter Pledge100%
No. of Shareholders34,136
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2024 | Oct 2024 | Oct 2024 | Nov 2024 | Nov 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 49.1% | 34.7% | 34.7% | 32.3% | 32.3% | 30.8% | 34.2% | 34.2% | 34.2% | 34.2% | 37.5% | 37.5% |
| FIIs | 0.3% | 0.3% | 0.3% | 0.2% | 0.2% | 0.6% | 0.5% | 0.2% | 0.3% | 0.5% | 5.6% | 5.6% |
| DIIs | 0.1% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 50.5% | 65% | 65% | 67.4% | 67.4% | 68.6% | 65.2% | 65.6% | 65.4% | 65.3% | 56.9% | 56.9% |
| Promoter Pledge | 81.5% | 81.5% | 81.5% | 81.5% | 81.5% | 81.5% | 69.6% | 69.6% | 69.6% | 69.6% | 60.3% | 100% |
| No. of Shareholders | 23,189 | 23,777 | 23,777 | 23,692 | 23,692 | 26,802 | 26,725 | 30,510 | 32,771 | 33,681 | 33,997 | 34,136 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Anupama Kothari | Public Shareholding | 10.4% | 5.00 Cr |
| Oswal Holding Private Limited | Shareholding of Promoter and Promoter Group | 9.7% | 4.71 Cr |
| Panchsheel Textile Manufacturing And Trdg Co.(p) Ltd | Shareholding of Promoter and Promoter Group | 9.2% | 4.43 Cr |
| Alma Assets Consultancy Private Limited | Shareholding of Promoter and Promoter Group | 9% | 4.36 Cr |
| Pine Oak Global Fund | Public Shareholding | 5.6% | 2.72 Cr |
| Altfort Merchants Private Limited | Shareholding of Promoter and Promoter Group | 4.5% | 2.18 Cr |
| Navin Kumar Gupta | Public Shareholding | 3.3% | 1.58 Cr |
| Ruchi Gupta | Public Shareholding | 2.9% | 1.40 Cr |
| Mayank Subhash Rathod . | Public Shareholding | 2.8% | 1.36 Cr |
| Saajan Subhash Rathod | Public Shareholding | 2.5% | 1.21 Cr |
| Sahi Logistics & Infra Private Limited | Public Shareholding | 2.1% | 1.03 Cr |
| Mangla Subhash Rathod | Public Shareholding | 1.7% | 84,13,071 |
| Spv Finserve Private Limited | Public Shareholding | 1.7% | 81,00,000 |
| Puneet Arora | Public Shareholding | 1.4% | 69,52,411 |
| Nightnagle Dealcom Private Limited | Shareholding of Promoter and Promoter Group | 1.4% | 66,00,000 |
| Adish Oswal | Shareholding of Promoter and Promoter Group | 0.9% | 42,05,110 |
| Enakshi Investments Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.8% | 37,02,500 |
| Gagan Mercantile Company Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.3% | 16,39,000 |
| Ruby Mercantile Company Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.3% | 15,30,000 |
| Late Ashok Kumar Oswal | Shareholding of Promoter and Promoter Group | 0.3% | 12,77,480 |
| Liberty Mercantile Company Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.3% | 12,05,500 |
| Allepy Investment And Trading Company Privatelimited | Shareholding of Promoter and Promoter Group | 0.2% | 9,55,000 |
| Calgary Investment And Trading Company Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.1% | 6,73,000 |
| Manju Oswal | Shareholding of Promoter and Promoter Group | 0.1% | 5,26,940 |
| Kent Investments Pvt Ltd | Shareholding of Promoter and Promoter Group | 0.1% | 4,69,500 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Late Ashok Kumar Oswal | 12,77,480 | 100% | 2026-06-30 |
| Manju Oswal | 5,26,940 | 100% | 2026-06-30 |
| Adish Oswal | 42,05,110 | 100% | 2026-06-30 |
| Aketa Oswal | 54,600 | 100% | 2026-06-30 |
| Rakhi Oswal | 1,78,200 | 100% | 2026-06-30 |
| Abhinav Oswal | 1,43,070 | 100% | 2026-06-30 |
| Ashok Kumar (huf) | 1,100 | 100% | 2026-06-30 |
| Kent Investments Pvt Ltd | 4,69,500 | 100% | 2026-06-30 |
| Enakshi Investments Pvt Ltd | 37,02,500 | 100% | 2026-06-30 |
| Panchsheel Textile Manufacturing And Trdg Co.(p) Ltd | 4.43 Cr | 100% | 2026-06-30 |
| Ruby Mercantile Company Pvt Ltd | 15,30,000 | 100% | 2026-06-30 |
| Calgary Investment And Trading Company Pvt Ltd | 6,73,000 | 100% | 2026-06-30 |
| Nightnagle Dealcom Private Limited | 66,00,000 | 100% | 2026-06-30 |
| Gagan Mercantile Company Pvt Ltd | 16,39,000 | 100% | 2026-06-30 |
| Pioneer Mercantile India Pvt Ltd | 4,93,500 | 100% | 2026-06-30 |
| Altfort Merchants Private Limited | 2.18 Cr | 100% | 2026-06-30 |
| Liberty Mercantile Company Pvt Ltd | 12,05,500 | 100% | 2026-06-30 |
| Boras Investment And Trading Company Pvt Ltd | 3,28,600 | 100% | 2026-06-30 |
| Allepy Investment And Trading Company Privatelimited | 9,55,000 | 100% | 2026-06-30 |
| Adesh Investment And Trading Company Private Limited | 3,51,000 | 100% | 2026-06-30 |
| Alma Assets Consultancy Private Limited | 4.36 Cr | 100% | 2026-06-30 |
| Oswal Holding Private Limited | 4.71 Cr | 100% | 2026-06-30 |
| Amrante Trust Through Rakhi Oswal, Trustee | 51,390 | 100% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Adish Oswal | Chairman / Executive Director / M D / Promoter | 2025 |
| Manju Oswal | Non Executive Director | 2025 |
| Suresh Kumar Banka | Non Executive Director | 2025 |
| Sagar Bhatia | Independent Non Exe. Director | 2025 |
| Sanchi Taneja | Independent Non Exe. Director | 2025 |
| Rohit Jain | Independent Non Exe. Director | 2025 |
| Ajay Kumar Ratra | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Textile Business | ₹285 Cr | 100% |
| Real Estate Business | ₹0 Cr | 0% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹1 | 70 | 46 | 46 |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 3 | 1 | 4 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 0 |
| 2025 | 0 | 0 | 0 | 3 | 0 | 3 |
Insider / Designated-Person Trades
3 recent disclosure(s)
ABHINAV OSWALDisposal · —
MANJU OSWALAcquisition · —
ADISH OSWALAcquisition · —
Substantial Acquisitions (SAST)
1 disclosure(s)
Market16/02/2026 · 1,00,00,000
Company Information
Incorporated1980
ChairmanAdish Oswal
AuditorRomesh K Aggarwal & Associates/Navneet Sehgal & Co
Investor Email[email protected]
📍 Vardhman Park, Chandigarh Road, Ludhiana, Punjab, 141123
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