₹42.93
▼ -0.51 -1.17%
18 Jul 2026
NSE Listed
ESM 1Vardhaman Acrylics Ltd. (VARDHACRLC)
Volume: 16,272Avg Vol 1W: 17,299Avg Vol 1M: 29,14052W Range:₹27.01₹54.25
Key Ratios
Checked 6h agoMarket Cap₹345 Cr
Current Price₹42.93
Previous Close₹43.44
High / Low (52w)₹54.25 / ₹27.01
Volume16,272
Avg Vol (1W)17,299
Avg Vol (1M)29,140
Stock P/E22.13
Book Value₹31.6
Dividend Yield349%
ROE10.73%
ROA7.95%
Revenue (TTM)₹297 Cr
Revenue Growth—
Profit Margin8.55%
Total Debt—
Shares Outstanding8 Cr
Face Value₹10
EPS (TTM)₹3.39
P/B1.36
Debt / Equity0
50 DMA₹44.11
200 DMA₹39.34
Day change-1.17%
SurveillanceESM 1 (as of 2026-07-15)
Price Chart
₹42.93▼ 17.63% · 1Y
2025-07-182026-07-17
20-day avg volume: 29K shares
Pros
- Pays a dividend yield of 349.0%.
- Company is almost debt-free.
- Net profit is growing year over year.
Cons
- Revenue fell 17% YoY.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹57 Cr | ₹71 Cr | ₹82 Cr | ₹72 Cr | ₹69 Cr | ₹89 Cr | ₹76 Cr | ₹84 Cr |
| EBITDA | ₹6 Cr | ₹3 Cr | ₹5 Cr | ₹3 Cr | ₹2 Cr | ₹3 Cr | ₹10 Cr | ₹14 Cr |
| Net Profit | ₹4 Cr | ₹2 Cr | ₹4 Cr | ₹2 Cr | ₹2 Cr | ₹3 Cr | ₹7 Cr | ₹16 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹348 Cr | ₹417 Cr | ₹361 Cr | ₹296 Cr | ₹318 Cr | ₹439 Cr | ₹312 Cr | ₹297 Cr |
| EBITDA | ₹47 Cr | ₹47 Cr | ₹48 Cr | ₹58 Cr | ₹18 Cr | ₹43 Cr | ₹22 Cr | ₹16 Cr |
| Net Profit | ₹39 Cr | ₹34 Cr | ₹46 Cr | ₹43 Cr | ₹15 Cr | ₹33 Cr | ₹18 Cr | ₹12 Cr |
| EPS | 4.8 | 4.29 | 5.76 | 5.34 | 1.81 | 4.09 | 2.18 | 1.47 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹413 Cr | ₹453 Cr | ₹453 Cr | ₹485 Cr | ₹302 Cr | ₹342 Cr | ₹328 Cr | ₹349 Cr |
| Total Liabilities | ₹94 Cr | ₹120 Cr | ₹98 Cr | ₹87 Cr | ₹90 Cr | ₹97 Cr | ₹85 Cr | ₹110 Cr |
| Equity | ₹319 Cr | ₹334 Cr | ₹355 Cr | ₹398 Cr | ₹212 Cr | ₹245 Cr | ₹243 Cr | ₹239 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|
| Operating | ₹53 Cr | ₹-2 Cr | ₹49 Cr | ₹12 Cr | ₹28 Cr |
| Investing | ₹-83 Cr | ₹190 Cr | ₹-37 Cr | ₹12 Cr | ₹-9 Cr |
| Financing | ₹-1 Cr | ₹-198 Cr | ₹-3 Cr | ₹-20 Cr | ₹-17 Cr |
| Free Cash Flow | ₹53 Cr | ₹-2 Cr | ₹49 Cr | ₹12 Cr | ₹28 Cr |
Shareholding
Promoter 74.97% Institutions 0.03% Public 25%
Efficiency & Working Capital
ROCE11.4%
Interest Coverage65.2
Dividend Payout—
Debtor Days11 d
Inventory Days105 d
Payable Days87 d
Cash Conversion Cycle29 d
Working Capital Days116 d
Shareholding Details
As of 2026-06-30
Promoter75%
FII0%
DII0%
Institutions0%
Public25%
Promoter Pledge0%
No. of Shareholders27,904
Shareholding Pattern
Quarterly — figures in %. Latest 12 quarters.
| Period | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoters | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% | 75% |
| FIIs | 0.1% | 0.1% | 0.2% | 0.2% | 0.2% | 0.1% | 0.1% | 0.1% | 0% | 0% | 0% | 0% |
| DIIs | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 24.9% | 24.9% | 24.9% | 24.8% | 24.8% | 24.9% | 24.9% | 24.9% | 25% | 25% | 25% | 25% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 28,152 | 28,761 | 29,292 | 28,732 | 28,037 | 28,061 | 28,231 | 28,216 | 28,026 | 28,074 | 27,984 | 27,904 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Vardhman Textiles Limited | Shareholding of Promoter and Promoter Group | 70.7% | 5.69 Cr |
| Devakar Investment And Trading Company Private Limited | Shareholding of Promoter and Promoter Group | 3.2% | 25,93,484 |
| Nahar Capital And Financial Services Ltd | Public Shareholding | 1.1% | 9,17,855 |
| Vardhman Holdings Limited | Shareholding of Promoter and Promoter Group | 0.9% | 7,33,762 |
| Vtl Investments Limited | Shareholding of Promoter and Promoter Group | 0.1% | 70,330 |
| Flamingo Finance & Investment Company Limited | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Ramaniya Finance & Investment Company Limited | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Mahavir Spinning Mills Private Limited | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Adishwar Enterprises Llp | Shareholding of Promoter and Promoter Group | 0% | 10 |
| Shri Paul Oswal | Shareholding of Promoter and Promoter Group | 0% | 10 |
| Shakun Oswal | Shareholding of Promoter and Promoter Group | 0% | 10 |
| Sachit Jain | Shareholding of Promoter and Promoter Group | 0% | 10 |
| Suchita Jain | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Soumya Jain | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Sagrika Vir | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Santon Finance & Investment Company Limited | Shareholding of Promoter and Promoter Group | 0% | 100 |
| Paras Syndicate | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Amber Syndicate | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Eastern Trading Company | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Northern Trading Company | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Sp Oswal Trust (shri Paul Oswal, Trustee) | Shareholding of Promoter and Promoter Group | 0% | 0 |
| Mrs. Shakun Oswal Trust (shri Paul Oswal, Trustee) | Shareholding of Promoter and Promoter Group | 0% | 0 |
Promoter Pledges
| Holder | Pledged Shares | % of Holding | As of |
|---|---|---|---|
| Shri Paul Oswal | 0 | 0% | 2026-06-30 |
| Shakun Oswal | 0 | 0% | 2026-06-30 |
| Sachit Jain | 0 | 0% | 2026-06-30 |
| Suchita Jain | 0 | 0% | 2026-06-30 |
| Soumya Jain | 0 | 0% | 2026-06-30 |
| Sagrika Vir | 0 | 0% | 2026-06-30 |
| Devakar Investment And Trading Company Private Limited | 0 | 0% | 2026-06-30 |
| Flamingo Finance & Investment Company Limited | 0 | 0% | 2026-06-30 |
| Ramaniya Finance & Investment Company Limited | 0 | 0% | 2026-06-30 |
| Mahavir Spinning Mills Private Limited | 0 | 0% | 2026-06-30 |
| Adishwar Enterprises Llp | 0 | 0% | 2026-06-30 |
| Vardhman Holdings Limited | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Shri Paul Oswal | Chairman & Independent Directo | 2025 |
| Suchita Jain | Non Executive Director | 2025 |
| Bal Krishan Choudhary | Vice Chairman (Non-executive) | 2025 |
| Sachit Jain | Non-Exec & Non-Independent Dir | 2025 |
| Anil Kumar | Independent Non Exe. Director | 2025 |
| Bhooshan Lal Uppal | Independent Non Exe. Director | 2025 |
| Parakh Oswal | Independent Non Exe. Director | 2025 |
| Sandeep Kapur | Independent Non Exe. Director | 2025 |
| Sanjeev Jain | Independent Non Exe. Director | 2025 |
| Vivek Gupta | Non Independent Executive Director / WTD | 2025 |
| Satin Katyal | Company Sec. & Compli. Officer | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Manufacturing, purchase and sale of | ₹0 Cr | — |
Segments — Geography
| Region | Revenue | Share |
|---|---|---|
| India | ₹274 Cr | 99.5% |
| Outside India | ₹1 Cr | 0.5% |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 150 | 80 | 80 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2025-09-12 | ₹1.5 (15%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 0 | 0 | 1 | 1 | 115 |
| 2025 | 0 | 0 | 0 | 1 | 1 | 16 |
| 2025 | 0 | 0 | 0 | 0 | 0 | 99 |
Company Information
🌐 www.vardhman.com ↗
📍 Vardhman Premises, Chandigarh Road, Ludhiana, Punjab, 141010
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