₹3,508.2
▼ -52.34 -1.47%
18 Jul 2026
NSE Listed · Finance
Vardhman Holdings Limited (VHL)
Volume: 388Avg Vol 1W: 153Avg Vol 1M: 32252W Range:₹2,870₹4,275
Key Ratios
Checked 6h agoMarket Cap₹1,120 Cr
Current Price₹3,508.2
Previous Close₹3,560.54
High / Low (52w)₹4,275 / ₹2,870
Volume388
Avg Vol (1W)153
Avg Vol (1M)322
Stock P/E5.18
Book Value₹11,804.64
Dividend Yield14%
ROE5.74%
ROA5.73%
Revenue (TTM)—
Revenue Growth—
Profit Margin1,763.51%
Total Debt₹0 Cr
Shares Outstanding0 Cr
Face Value₹10
EPS (TTM)₹677.15
P/B0.3
Debt / Equity0
50 DMA₹3,539.18
200 DMA₹3,384.74
Day change-1.47%
Price Chart
₹3,508.2▼ 6.45% · 1Y
2025-11-142026-07-17
20-day avg volume: 338 shares
Pros
- Pays a dividend yield of 14.0%.
- Company is almost debt-free.
- Revenue grew 42% YoY.
- Net profit is growing year over year.
- Stock trades below its book value.
Quarterly Results
| Metric | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | — | — | — | — | — | — | — | — |
| EBITDA | — | — | — | — | — | — | — | — |
| Net Profit | ₹73 Cr | ₹49 Cr | ₹66 Cr | ₹70 Cr | ₹63 Cr | ₹46 Cr | ₹54 Cr | ₹54 Cr |
| EPS | — | — | — | — | — | — | — | — |
Profit & Loss (Annual)
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Revenue | ₹29 Cr | ₹10 Cr | ₹14 Cr | ₹21 Cr | ₹35 Cr | ₹8 Cr | ₹17 Cr | ₹25 Cr |
| EBITDA | ₹26 Cr | ₹7 Cr | ₹8 Cr | ₹19 Cr | ₹32 Cr | ₹3 Cr | ₹13 Cr | ₹18 Cr |
| Net Profit | ₹179 Cr | ₹202 Cr | ₹160 Cr | ₹130 Cr | ₹429 Cr | ₹228 Cr | ₹185 Cr | ₹258 Cr |
| EPS | 559.83 | 632.39 | 500.43 | 405.8 | 1,344.43 | 715.75 | 579.28 | 808.4 |
Balance Sheet
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Total Assets | ₹1,825 Cr | ₹2,003 Cr | ₹2,130 Cr | ₹2,307 Cr | ₹2,778 Cr | ₹3,101 Cr | ₹3,298 Cr | ₹3,541 Cr |
| Total Liabilities | ₹3 Cr | ₹5 Cr | ₹4 Cr | ₹2 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr | ₹1 Cr |
| Equity | ₹1,822 Cr | ₹1,997 Cr | ₹2,126 Cr | ₹2,306 Cr | ₹2,777 Cr | ₹3,100 Cr | ₹3,297 Cr | ₹3,540 Cr |
| Total Debt | — | — | — | — | — | — | — | — |
Cash Flow
| Metric | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|
| Operating | ₹9 Cr | ₹5 Cr | ₹-89 Cr | ₹86 Cr | ₹17 Cr | ₹4 Cr | ₹3 Cr | ₹1 Cr |
| Investing | ₹0 Cr | ₹-3 Cr | ₹99 Cr | ₹-10 Cr | ₹-69 Cr | ₹2 Cr | ₹4 Cr | ₹5 Cr |
| Financing | ₹-2 Cr | ₹-2 Cr | ₹-2 Cr | ₹0 Cr | ₹-2 Cr | ₹-2 Cr | ₹-2 Cr | ₹-2 Cr |
| Free Cash Flow | ₹9 Cr | ₹5 Cr | ₹-89 Cr | ₹86 Cr | ₹17 Cr | ₹4 Cr | ₹3 Cr | ₹1 Cr |
Shareholding
Promoter 74.9% Institutions 0.12% Public 24.98%
Efficiency & Working Capital
ROCE6.1%
Interest Coverage0
Dividend Payout—
Debtor Days0 d
Inventory Days0 d
Payable Days0 d
Cash Conversion Cycle0 d
Working Capital Days0 d
Shareholding Details
As of 2026-06-30
Promoter74.9%
FII0.1%
DII0.1%
Institutions0.1%
Public25%
Promoter Pledge0%
No. of Shareholders10,446
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 | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% | 74.9% |
| FIIs | 0% | 0% | 0% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| DIIs | 1% | 1% | 0.6% | 0.5% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% | 0.1% |
| Public | 24.1% | 24.1% | 24.5% | 24.5% | 24.9% | 25% | 25% | 25% | 25% | 25% | 25% | 25% |
| Promoter Pledge | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| No. of Shareholders | 9,276 | 9,097 | 9,185 | 9,598 | 9,833 | 11,119 | 11,330 | 11,239 | 11,194 | 10,846 | 10,688 | 10,446 |
Returns History (ROE / ROCE / ROA)
| Period | ROE | ROCE | ROA | P/E |
|---|---|---|---|---|
| 202503 | — | — | — | — |
Major Shareholders (>1%)
| Name | Category | Stake | Shares |
|---|---|---|---|
| Devakar Investment And Trading Company Private Limited | Shareholding of Promoter and Promoter Group | 34.3% | 10,94,330 |
| Adishwar Enterprises Llp | Shareholding of Promoter and Promoter Group | 32.9% | 10,48,770 |
| Anil Kumar Goel | Public Shareholding | 4.8% | 1,53,000 |
| Seema Goel | Public Shareholding | 2% | 63,000 |
| Cd Equifinance Private Limited | Public Shareholding | 2% | 62,813 |
| Shri Paul Oswal | Shareholding of Promoter and Promoter Group | 1.8% | 56,880 |
| Flamingo Finance And Investment Company Limited | Shareholding of Promoter and Promoter Group | 1.6% | 50,671 |
| Shelly Desai | Public Shareholding | 1.1% | 33,473 |
| Ramaniya Finance And Investment Company Limited | Shareholding of Promoter and Promoter Group | 0.9% | 29,343 |
| Suchita Jain | Shareholding of Promoter and Promoter Group | 0.9% | 28,416 |
| Shakun Oswal | Shareholding of Promoter and Promoter Group | 0.6% | 19,084 |
| Northern Trading Company | Shareholding of Promoter and Promoter Group | 0.4% | 13,760 |
| Santon Finance And Investment Company Limited | Shareholding of Promoter and Promoter Group | 0.4% | 12,266 |
| Mahavir Spinning Mills Private Limited | Shareholding of Promoter and Promoter Group | 0.3% | 10,332 |
| Eastern Trading Company | Shareholding of Promoter and Promoter Group | 0.3% | 9,840 |
| Paras Syndicate | Shareholding of Promoter and Promoter Group | 0.2% | 7,610 |
| Amber Syndicate | Shareholding of Promoter and Promoter Group | 0.2% | 6,689 |
| Sachit Jain | Shareholding of Promoter and Promoter Group | 0.1% | 2,330 |
| Soumya Jain | Shareholding of Promoter and Promoter Group | 0% | 80 |
| Sagrika Vir | Shareholding of Promoter and Promoter Group | 0% | 40 |
| 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 |
| Mahavir Spinning Mills Private Limited | 0 | 0% | 2026-06-30 |
| Ramaniya Finance And Investment Company Limited | 0 | 0% | 2026-06-30 |
| Devakar Investment And Trading Company Private Limited | 0 | 0% | 2026-06-30 |
| Santon Finance And Investment Company Limited | 0 | 0% | 2026-06-30 |
| Flamingo Finance And Investment Company Limited | 0 | 0% | 2026-06-30 |
| Adishwar Enterprises Llp | 0 | 0% | 2026-06-30 |
Board of Directors
| Name | Designation | Year |
|---|---|---|
| Shri Paul Oswal | Chairman / Executive Director / M D / Promoter | 2025 |
| Sachit Jain | Non-Exec & Non-Independent Dir | 2025 |
| Suchita Jain | Non-Exec & Non-Independent Dir | 2025 |
| Vikas Kumar | Non-Exec & Non-Independent Dir | 2025 |
| Devendra Bhushan Jain | Independent Non Exe. Director | 2025 |
| Manjul Pahwa | Independent Non Exe. Director | 2025 |
| Pooja Mehta | Independent Non Exe. Director | 2025 |
| Rajeev Kumar Mittal | Independent Non Exe. Director | 2025 |
| Parampal Singh | Independent Non Exe. Director | 2025 |
| Anila Nair | Independent Non Exe. Director | 2025 |
Segments — Product
| Segment | Revenue | Share |
|---|---|---|
| Investment | ₹0 Cr | — |
Capital Structure (₹ Cr)
| Year | Face Value | Authorised | Issued | Paid-up |
|---|---|---|---|---|
| 2025 | ₹10 | 30 | 3 | 3 |
Corporate Actions
| Type | Date | Value | Remark |
|---|---|---|---|
| dividend | 2025-09-12 | ₹5 (50%) | Final |
Related-Party Transactions (₹ Cr)
| Year | Subsidiaries | Associates | JV | KMP | Others | Total |
|---|---|---|---|---|---|---|
| 2025 | 0 | 35 | 0 | 1 | 0 | 36 |
| 2025 | 0 | 0 | 0 | 1 | 0 | 1 |
| 2025 | 0 | 35 | 0 | 0 | 0 | 35 |
Company Information
🌐 www.vardhman.in ↗
📍 Vardhman Premises, Chandigarh Road, Ludhiana, Punjab, 141010
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