Is Vardhman Polytex a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vardhman Polytex Ltd is a average quality company .

Is Vardhman Polytex undervalued or overvalued?

The key valuation ratios of Vardhman Polytex Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Vardhman Polytex share price return in the past 10 years?

Vardhman Polytex Ltd share price has appreciated 7.9% annually (CAGR) over the past ten years.

Is Vardhman Polytex a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Vardhman Polytex Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

Vardhman Polytex Ltd - Stock Valuation and Financial Performance

Name: Vardhman Polytex
Brand: Vardhman Polytex

BSE: 514175 | NSE: VARDMNPOLY | Textile | Small Cap

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Vardhman Polytex Share Price

₹9.49 -0.13 -1.35%
as on 21-Nov'24 16:59

10 Year X-Ray of Vardhman Polytex:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	3.1%	15.3%	12%	-112.1%	-15.4%	127.1%	1.3%	28.6%	43.8%	0%	-
Value Creation Index ⓘ	-0.8	0.1	-0.1	NA	NA	NA	NA	NA	NA	NA	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	942	878	859	621	811	561	508	929	616	371	263
Sales YoY Gr.	-	-6.8%	-2.2%	-27.7%	30.5%	-30.8%	-9.3%	82.7%	-33.7%	-39.8%	-
Adj EPS ⓘ	-0.3	0.2	-0	-16.8	-2.9	-0.8	-2.3	-0.6	-2.6	-1.3	-0.1
YoY Gr.	-	NA	-108.7%	NA	NA	NA	NA	NA	NA	NA	-
BVPS (₹) ⓘ	5.1	4.3	4.3	-12.5	-15.5	-11.5	-13.8	-14.4	-14.3	-11.9	-7.4
Adj Net Profit ⓘ	-7.4	5.8	-0.6	-424	-74	-19.9	-56.8	-15.5	-66.2	-38.6	-4
Cash Flow from Ops. ⓘ	76.2	108	75.7	49.4	63.5	13.5	24	61.5	40.3	-13.8	-
Debt/CF from Ops. ⓘ	5.9	3.8	5.2	9.1	7	36.5	21.8	8.6	11.1	-5.5	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	-9.9%	-14.5%	-10%	-39.8%
Adj EPS ⓘ	NA	NA	NA	NA
BVPSⓘ	-209.9%	NA	NA	NA
Share Price	7.9%	114.3%	65.6%	74.1%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	-5.7	4.9	-0.6	405	20.9	5.8	17.8	4.4	18.2	10.7	0.9
Op. Profit Mgn % ⓘ	6.7	7	7.7	-6.6	0.2	-0.2	2.8	6.3	-5.8	-12.7	-11.9
Net Profit Mgn % ⓘ	-0.8	0.7	-0.1	-68.2	-9.1	-3.5	-11.2	-1.7	-10.8	-10.4	-1.4
Debt to Equity ⓘ	3.5	3.8	3.7	-1.4	-1.1	-1.7	-1.5	-1.5	-1.2	-0.2	-
Working Cap Days ⓘ	107	114	101	100	39	42	50	35	55	82	46
Cash Conv. Cycle ⓘ	40	41	34	35	3	-16	-32	-20	-49	-127	-121

Recent Performance Summary

No data to display

Return on Equity has declined versus last 3 years average to 0.90%

Sales growth has been subdued in last 3 years -9.99%

Sales growth is not so good in last 4 quarters at -44.54%

Latest Financials - Vardhman Polytex Ltd.

	Standalone	Consolidated
TTM EPS (₹)	-0.1	-0.4
TTM Sales (₹ Cr.)	263	929
BVPS (₹.) ⓘ	-7.4	0
Reserves (₹ Cr.) ⓘ	-347	-326
P/BV ⓘ	-1.31	0.00
PE ⓘ	0.00	0.00

From the Market
52 Week Low / High (₹)	4.78 / 13.78
All Time Low / High (₹)	0.15 / 13.78
Market Cap (₹ Cr.)	399
Equity (₹ Cr.)	41.5
Face Value (₹)	1
Industry PE ⓘ	26.9

Management X-Ray of Vardhman Polytex:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

81.52

* Pledged shares as % of Promoter's holding (%)

Valuation of Vardhman Polytex

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Vardhman Polytex

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	942	878	859	621	811	561	508	929	616	371
Operating Expenses ⓘ	880	816	793	662	810	562	494	870	652	418
Manufacturing Costs	141	158	107	85	108	72	66	106	62	45
Material Costs	645	566	601	487	618	430	372	686	530	325
Employee Cost	55	55	55	48	57	45	39	57	45	38
Other Costs ⓘ	39	38	30	42	26	15	18	21	14	9
Operating Profit ⓘ	63	62	66	-41	1	-2	14	59	-36	-47
Operating Profit Margin (%)	6.7%	7.0%	7.7%	-6.6%	0.1%	-0.3%	2.8%	6.3%	-5.9%	-12.7%
Other Income ⓘ	24	50	15	5	3	4	3	4	6	34
Interest ⓘ	76	74	62	68	60	60	59	64	53	3
Depreciation ⓘ	32	28	21	21	18	16	15	14	12	10
Exceptional Items ⓘ	-36	0	0	-299	0	174	0	0	97	0
Profit Before Tax ⓘ	-58	9	-1	-424	-74	102	-57	-16	1	-27
Tax ⓘ	-29	0	0	0	0	0	0	0	0	0
Profit After Tax	-29	9	-1	-424	-74	102	-57	-16	1	-27
PAT Margin (%)	-3.1%	1.0%	-0.1%	-68.2%	-9.2%	18.2%	-11.2%	-1.7%	0.2%	-7.2%
Adjusted EPS (₹)	-1.1	0.4	0.0	-16.8	-2.9	4.0	-2.2	-0.6	0.1	-0.9
Dividend Payout Ratio (%)	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	129	107	107	-317	-392	-291	-348	-364	-362	-369
Share Capital ⓘ	22	22	22	22	22	22	22	22	22	27
Reserves ⓘ	106	85	85	-339	-414	-313	-370	-386	-385	-396
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	392	355	351	378	445	489	522	528	447	47
Long Term Debt	228	194	164	132	7	2	1	0	0	45
Short Term Debt	164	162	186	245	439	487	521	528	447	2
Trade Payables	69	64	69	41	44	62	75	101	143	186
Others Liabilities ⓘ	73	65	48	244	176	2	6	11	13	361
Total Liabilities ⓘ	662	592	575	345	274	262	255	276	241	225
Fixed Assets
Gross Block	584	592	611	613	608	593	592	582	577	385
Accumulated Depreciation	326	353	372	389	402	402	414	416	423	256
Net Fixed Assetsⓘ	258	239	238	224	206	191	178	165	154	129
CWIP ⓘ	4	7	5	3	0	0	0	0	0	0
Investmentsⓘ	92	92	92	0	0	0	0	0	0	0
Inventories	138	73	77	43	21	21	19	44	16	17
Trade Receivables	53	74	77	28	9	6	8	11	0	0
Cash Equivalents	9	6	7	2	0	0	0	0	0	1
Others Assetsⓘ	108	101	79	46	38	45	50	56	70	79
Total Assets ⓘ	662	592	575	345	274	262	255	276	241	225

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	76	108	76	49	63	13	24	61	40	-14
PBT ⓘ	-58	9	-1	-424	-74	102	-57	-16	1	-27
Adjustment ⓘ	124	56	67	390	81	-100	73	85	-32	-20
Changes in Working Capital ⓘ	11	43	10	84	58	12	7	-8	70	33
Tax Paid ⓘ	0	0	0	-1	-1	0	0	0	0	0
Cash Flow From Investing Activity ⓘ	1	-7	-20	-5	-1	0	-1	-1	-1	26
Capex	-11	-9	-24	-6	-1	0	-2	-1	-1	26
Net Investments	10	0	0	0	0	0	0	0	0	0
Others ⓘ	3	2	4	1	0	0	0	0	0	1
Cash Flow From Financing Activityⓘ	-79	-104	-55	-50	-64	-14	-23	-61	-39	-12
Net Proceeds from Shares ⓘ	4	0	0	0	0	0	0	0	0	0
Net Proceeds from Borrowing ⓘ	-51	-38	-26	-32	-195	-1	0	-1	-5	-1
Interest Paid ⓘ	-72	-64	-55	-76	-62	-58	-56	-66	0	28
Dividend Paid ⓘ	0	0	0	0	0	0	0	0	0	0
Others ⓘ	40	-3	25	59	193	45	34	7	-35	-39
Net Cash Flow ⓘ	-2	-4	1	-5	-1	0	0	0	0	1

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	-23.28	7.64	-0.62	N/A	N/A	N/A	N/A	N/A	N/A	N/A
ROCE (%)	3.1	15.29	12	N/A	N/A	N/A	N/A	N/A	N/A	N/A
Asset Turnover Ratio	1.39	1.4	1.47	1.35	2.62	2.09	1.97	3.5	2.39	1.59
PAT to CFO Conversion(x)	N/A	12	N/A	N/A	N/A	0.13	N/A	N/A	40	N/A
Working Capital Days
Receivable Days	23	26	32	31	8	5	5	4	3	0
Inventory Days	45	44	32	35	14	13	14	12	18	16
Payable Days	38	43	40	41	25	45	67	47	84	185

Vardhman Polytex Ltd Stock News

Vardhman Polytex Ltd FAQs

What is the share price of Vardhman Polytex?

Company share prices are keep on changing according to the market conditions. The closing price of Vardhman Polytex on 21-Nov-2024 16:59 is ₹9.49.

What is the market cap of Vardhman Polytex?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 21-Nov-2024 16:59 the market cap of Vardhman Polytex stood at ₹399.3.

What is the P/E ratio of Vardhman Polytex?

The latest P/E ratio of Vardhman Polytex as of 21-Nov-2024 16:59 is 0.00.

What is the P/B ratio of Vardhman Polytex?

The latest P/B ratio of Vardhman Polytex as of 21-Nov-2024 16:59 is -1.31.

What is the 52-week high and low of Vardhman Polytex?

The 52-week high of Vardhman Polytex is ₹13.78 and the 52-week low is ₹4.78.

What is the TTM revenue of Vardhman Polytex?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vardhman Polytex is ₹262.9 ( Cr.) .

About Vardhman Polytex Ltd

Vardhman Polytex, was promoted as a Joint Sector Company by Mohta Industries (MILs) and Punjab State Industrial Development Corporation, (PSIDCs), and was incorporated in the name of Punjab Mohta Polytex . The company got its present name in 1989. The registered and corporate office of the company is located at Chandigarh Road, Ludhiana.

Vardhman Polytex is one of leading textile players of the Punjab. The company usually exports 30% of its products to the other country.It has its production facilities for cotton yarn spinning in Bathinda (Punjab), Baddi (Himachal Pradesh) and a worsted spinning unit in Ludhiana (Punjab). With the addition of 25,000 spindles in Ludhiana, the company would have a total installed capacity close to 125,000 spindles. It has also set up an independent cotton purchase office in Bathinda for the selection and procurement of cotton.

The Main Area of business:-

Vardhman Polytex is engaged in the manufacture of yarn. It is also engaged in cotton spinning and line manufacturing, staple fiber yarn machine combing and re-combing of all types of fibers. It produces various categories of yarns like cotton, polyester cotton blended, synthetic, acrylic and dyed yarns.

Its subsidiaries:-