Vardhman Textiles Ltd is one of India’s largest and most prominent vertically integrated textile manufacturers, playing a critical role in the textile industry. The company specializes in producing a diverse range of textile products, including yarns, fabrics, garments, acrylic fibre, threads, and even special steels. With an impressive production capacity of 670 metric tons of yarn per day, Vardhman is a key player in both the domestic and international markets. The company’s product offerings span cotton, polyester, acrylic, and blended yarns, making it a versatile supplier to large retailers and quality-driven markets globally.
Vardhman is also recognized for its strong commitment to sustainability, operating under its ‘Proactively Responsible Organisation’ framework, which aims to create long-term positive environmental and social impacts. Led by Chairman & Managing Director, Mr. S. P. Oswal, the company’s management emphasizes innovation and continuous improvement. Vardhman’s corporate culture is focused on learning and growth, providing its employees with professional exposure and career advancement opportunities. This dedication to both operational excellence and sustainability has solidified Vardhman’s position as a leading player in the global textile industry.
Latest News on Vardhman Textiles Ltd
Vardhman Textiles Ltd. recently held its 51st Annual General Meeting (AGM) on September 19, 2024, where significant updates were announced. Dr. Prem Kumar was appointed as an Independent Director for a five-year term, while Mr. Prafull Anubhai concluded his second term as an Independent Director, marking the end of his tenure.
On the sustainability front, Vardhman has launched a new initiative with the establishment of a cotton recycling plant, Vardhman ReNova, which has a production capacity of 6 tons per day for sustainable recycled yarn. Additionally, the company expanded its yarn manufacturing operations by setting up two new units in Madhya Pradesh, further strengthening its production capabilities. These developments align with Vardhman’s commitment to growth and sustainability in the textile industry.
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | |
| Promoters + | 64.07% | 64.11% | 64.13% | 64.13% | 64.19% |
| FIIs + | 6.65% | 6.95% | 6.37% | 6.29% | 6.12% |
| DIIs + | 16.95% | 16.70% | 16.84% | 16.54% | 16.65% |
| Government + | 0.00% | 0.00% | 0.00% | 0.00% | 0.00% |
| Public + | 12.32% | 12.25% | 12.65% | 13.04% | 13.02% |
| No. of Shareholders | 68,708 | 66,676 | 67,848 | 68,945 | 63,870 |
The shareholding pattern of Vardhman Textiles Ltd. from June 2023 to June 2024 shows steady control by promoters, a slight fluctuation in institutional holdings, and stability in public participation.
- Promoters: The promoter group maintained a strong stake, gradually increasing from 64.07% in June 2023 to 64.19% by June 2024, reflecting a stable confidence in the company.
- FIIs (Foreign Institutional Investors): FIIs held 6.65% in June 2023, which slightly fluctuated downwards to 6.12% by June 2024. This indicates a cautious stance or slight decrease in foreign investor interest.
- DIIs (Domestic Institutional Investors): DIIs held a consistent share, starting at 16.95% in June 2023, decreasing slightly to 16.65% by June 2024, showcasing a marginal adjustment in domestic institutional investment.
- Public Shareholding: Public investors increased their stake from 12.32% in June 2023 to 13.02% in June 2024, indicating growing interest among individual and retail investors.
- Shareholders Count: The number of shareholders fluctuated slightly, with 68,708 in June 2023 and decreasing to 63,870 by June 2024, possibly reflecting consolidation among shareholders or market movements.
Below are the trading platforms that you can use to purchase Vardhman Textiles shares:
➤ Zerodha
➤ Upstox
➤ Groww
➤ AngelOne
➤ ICICIDirect
| When | Maximum Price | Minimum Price |
| October 2024 | 506.15 | 440.13 |
| November 2024 | 526.40 | 457.74 |
| December 2024 | 531.66 | 462.32 |
As we move through 2024, Vardhman Textiles is expected to see its stock prices fluctuate. In October 2024, the maximum price of Vardhman Textiles is projected to reach ₹506.15, while the minimum price is anticipated to be around ₹440.13. As we approach December 2024, Vardhman Textiles is expected to witness a slight increase, with a maximum price of ₹531.66 and a minimum price of ₹462.32. This gradual upward trend suggests positive momentum for the stock as the year progresses.
| When | Maximum Price | Minimum Price |
| January 2025 | 536.98 | 413.06 |
| February 2025 | 542.40 | 417.23 |
| March 2025 | 553.80 | 426.00 |
| April 2025 | 548.31 | 421.78 |
| May 2025 | 532.34 | 409.49 |
| June 2025 | 556.30 | 427.92 |
| July 2025 | 545.39 | 419.53 |
| August 2025 | 562.26 | 432.51 |
| September 2025 | 569.00 | 437.70 |
| October 2025 | 583.80 | 449.08 |
| November 2025 | 598.39 | 460.30 |
| December 2025 | 625.32 | 481.02 |
In 2025, Vardhman Textiles is set to experience a range of price fluctuations. In January 2025, the maximum price of Vardhman Textiles is expected to reach ₹536.98, while the minimum may dip to ₹413.06. By the time we reach December 2025, Vardhman Textiles is projected to see a notable rise, with the maximum price anticipated at ₹625.32 and the minimum at ₹481.02. This indicates a gradual strengthening of the stock throughout the year.
| When | Maximum Price | Minimum Price |
| January 2026 | 644.08 | 495.45 |
| February 2026 | 627.98 | 483.06 |
| March 2026 | 640.54 | 492.72 |
| April 2026 | 653.61 | 502.78 |
| May 2026 | 647.14 | 497.80 |
| June 2026 | 663.32 | 510.24 |
| July 2026 | 650.31 | 500.24 |
| August 2026 | 670.42 | 515.71 |
| September 2026 | 683.83 | 526.03 |
| October 2026 | 701.61 | 539.70 |
| November 2026 | 719.15 | 553.19 |
| December 2026 | 737.13 | 567.02 |
| When | Maximum Price | Minimum Price |
| January 2027 | 744.50 | 572.69 |
| February 2027 | 763.59 | 587.38 |
| March 2027 | 793.37 | 610.29 |
| April 2027 | 777.82 | 598.32 |
| May 2027 | 755.16 | 580.89 |
| June 2027 | 789.14 | 607.03 |
| July 2027 | 773.67 | 595.13 |
| August 2027 | 797.60 | 613.54 |
| September 2027 | 825.51 | 635.01 |
| October 2027 | 846.98 | 651.52 |
| November 2027 | 868.15 | 667.81 |
| December 2027 | 889.86 | 684.50 |
| When | Maximum Price | Minimum Price |
| January 2028 | 907.65 | 698.19 |
| February 2028 | 930.93 | 716.10 |
| March 2028 | 967.23 | 744.02 |
| April 2028 | 948.27 | 729.44 |
| May 2028 | 920.65 | 708.19 |
| June 2028 | 962.08 | 740.06 |
| July 2028 | 943.21 | 725.55 |
| August 2028 | 972.38 | 747.99 |
| September 2028 | 1,006.42 | 774.17 |
| October 2028 | 1,032.58 | 794.30 |
| November 2028 | 1,058.40 | 814.15 |
| December 2028 | 1,084.86 | 834.51 |
| When | Maximum Price | Minimum Price |
| January 2029 | 1,106.56 | 851.20 |
| February 2029 | 1,134.93 | 873.02 |
| March 2029 | 1,179.19 | 907.07 |
| April 2029 | 1,156.07 | 889.28 |
| May 2029 | 1,122.40 | 863.38 |
| June 2029 | 1,172.91 | 902.24 |
| July 2029 | 1,149.91 | 884.54 |
| August 2029 | 1,185.47 | 911.90 |
| September 2029 | 1,226.96 | 943.82 |
| October 2029 | 1,258.86 | 968.36 |
| November 2029 | 1,290.34 | 992.57 |
| December 2029 | 1,322.59 | 1,017.38 |
| When | Maximum Price | Minimum Price |
| January 2030 | 1,349.05 | 1,037.73 |
| February 2030 | 1,383.64 | 1,064.34 |
| March 2030 | 1,437.60 | 1,105.85 |
| April 2030 | 1,409.41 | 1,084.16 |
| May 2030 | 1,368.36 | 1,052.58 |
| June 2030 | 1,429.94 | 1,099.95 |
| July 2030 | 1,401.90 | 1,078.38 |
| August 2030 | 1,445.26 | 1,111.74 |
| September 2030 | 1,495.84 | 1,150.65 |
| October 2030 | 1,534.73 | 1,180.56 |
| November 2030 | 1,573.10 | 1,210.08 |
| December 2030 | 1,612.43 | 1,240.33 |
As we step into 2030, Vardhman Textiles is poised for significant price movements. In January 2030, the maximum price is expected to reach ₹1,349.05, with a minimum of ₹1,037.73. As we step through the year, the prices are projected to rise steadily, culminating in December 2030 with a maximum price of ₹1,612.43 and a minimum of ₹1,240.33. These projections highlight a strong upward trend for Vardhman Textiles throughout 2030.
Vardhman Textiles Ltd Financial Condition: Last 5 Years
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
| Sales + | 6,735 | 6,140 | 9,622 | 10,137 | 9,505 | 9,495 |
| Expenses + | 5,798 | 5,326 | 7,348 | 8,814 | 8,531 | 8,389 |
| Operating Profit | 937 | 814 | 2,274 | 1,324 | 973 | 1,106 |
| OPM % | 14% | 13% | 24% | 13% | 10% | 12% |
| Other Income + | 187 | 222 | 264 | 232 | 369 | 344 |
| Interest | 135 | 113 | 100 | 102 | 102 | 88 |
| Depreciation | 333 | 364 | 368 | 394 | 405 | 397 |
| Profit before tax | 655 | 559 | 2,071 | 1,060 | 835 | 965 |
| Tax % | 10% | 24% | 25% | 24% | 24% | |
| Net Profit + | 591 | 427 | 1,551 | 805 | 637 | 740 |
| EPS in Rs | 20.08 | 14.4 | 53.54 | 27.5 | 21.84 | 25.37 |
| Dividend Payout % | 0% | 24% | 62% | 13% | 0% |
Vardhman Textiles Ltd has demonstrated varying financial performance from March 2020 to March 2024. Sales have fluctuated, peaking at ₹10,137 crore in March 2023, followed by a slight decline to ₹9,505 crore by March 2024. Expenses have similarly varied, reaching ₹8,531 crore in March 2024. The company’s operating profit rose sharply to ₹2,274 crore in March 2022, before decreasing to ₹973 crore in March 2024, reflecting a dip in OPM%, which fell from 24% in 2022 to 10% by 2024.
Other income steadily increased, reaching ₹369 crore in March 2024, while interest costs remained stable at around ₹100 crore. Depreciation expenses have also shown a slight rise, reaching ₹405 crore in 2024. Vardhman Textiles Ltd’s profit before tax dropped to ₹835 crore in March 2024, with net profit falling to ₹637 crore from its peak of ₹1,551 crore in 2022. EPS, which surged to ₹53.54 in March 2022, was reduced to ₹21.84 by March 2024. Dividend payout saw significant variation, from 62% in March 2022 to 0% in March 2024. Overall, Vardhman Textiles Ltd has experienced a challenging financial journey, marked by fluctuations in key metrics.
FAQs
What is the current market capitalization of Vardhman Textiles Ltd?
As of September 30th, 2024, the market cap is quite strong, standing at ₹13,669 Crores.
Vardhman Textiles Ltd’s shares are currently trading at ₹473 as of September 30th, 2024.
Looking ahead, the share price is expected to range between ₹481.02 to ₹625.32 by December 2025.
The long-term outlook is optimistic, with a projected range of ₹1,037.73 to ₹1,612.43 by 2030.
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Conclusion
Vardhman Textiles Ltd has established itself as a leading player in the textile industry, offering a diverse product range and significant production capacity. The company’s commitment to sustainability is reflected in initiatives such as the establishment of a cotton recycling plant and expansions in manufacturing capabilities. Shareholding patterns show stable control by promoters and a slight increase in public interest, while price projections from 2024 to 2030 indicate a strong upward trend, suggesting positive market sentiment. Financially, Vardhman has demonstrated resilience, maintaining robust sales and profitability metrics over the past five years despite challenges. Overall, Vardhman Textiles Ltd is well-positioned for future growth, driven by its focus on sustainability, operational excellence, and strategic expansions.
What did we learn?
- 1 Latest News on Vardhman Textiles Ltd
- 2 Shareholding Patterns of Vardhman Textiles Ltd
- 3 How to Purchase Vardhman Textiles Shares in India?
- 4 Vardhman Textiles Share Price Target 2024, 2025 to 2030
- 4.1 Vardhman Textiles Share Price Target 2024
- 4.2 Vardhman Textiles Share Price Target 2025
- 4.3 Vardhman Textiles Share Price Prediction 2026
- 4.4 Vardhman Textiles Share Price Target 2027
- 4.5 Vardhman Textiles Share Price Prediction 2028
- 4.6 Vardhman Textiles Share Price Target 2029
- 4.7 Vardhman Textiles Share Price Target 2030
- 5 Vardhman Textiles Ltd Financial Condition: Last 5 Years
- 6 FAQs
- 7 Conclusion
