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Vardhman Polytex Ltd
(VARDMNPOLY)
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Rating:41Neutral
Price Target:
₹7.00
▲(15.51% Upside)
Action:Reiterated
Date:05/30/26
The score is held down primarily by weak financial fundamentals—deeply negative equity and sharply negative recent operating/free cash flow—despite a return to accounting profitability. Technicals add pressure with a clear downtrend below key moving averages and negative MACD. Valuation offers limited offset given the high P/E and no dividend yield support.
Positive Factors
Return to Accounting Profitability
The return to positive earnings provides evidence that the company can restore accounting profitability after losses. However, the recovery remains fragile because revenue is declining and margins are still thin.
Negative Factors
Deeply Negative Shareholders’ Equity
Deeply negative equity signals accumulated losses and severe balance-sheet stress. It restricts financial flexibility, makes leverage riskier to assess, and leaves the company more vulnerable to funding needs or further operating deterioration.
Read all positive and negative factors
Positive Factors
Negative Factors
Return to Accounting Profitability
The return to positive earnings provides evidence that the company can restore accounting profitability after losses. However, the recovery remains fragile because revenue is declining and margins are still thin.
Read all positive factors
Vardhman Polytex Ltd (VARDMNPOLY) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.95B
Dividend YieldN/A
Average Volume (3M)39.38K
Price to Earnings (P/E)0.9
Beta (1Y)1.47
Revenue Growth-15.18%
EPS Growth806.49%
CountryIN
Employees974
SectorGeneral
Sector StrengthN/A
IndustryManufacturing - Textiles
Share Statistics
EPS (TTM)6.60
Shares Outstanding483,019,000
10 Day Avg. Volume51,608
30 Day Avg. Volume39,383
Financial Highlights & Ratios
PEG Ratio-0.64
Price to Book (P/B)-1.48
Price to Sales (P/S)1.24
P/FCF Ratio-5.63
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Vardhman Polytex Ltd Business Overview & Revenue Model
Company Description
Vardhman Polytex Limited, along with its various subsidiaries, is engaged in the manufacturing and worldwide distribution of a diverse range of yarns and garments. The company's product portfolio includes multiple cotton yarn types, such as carded...
How the Company Makes Money
Vardhman Polytex Ltd makes money primarily by manufacturing and selling textile products (e.g., yarn and other textile materials) to downstream customers such as fabric manufacturers, garment makers, and traders. Revenue is generally generated thr...
Vardhman Polytex Ltd Financial Statement Overview
Summary
Income Statement
34
Negative
Balance Sheet
12
Very Negative
Cash Flow
22
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 2.38B | 2.37B | 2.85B | 3.71B | 6.16B | 9.29B |
| Gross Profit | 182.08M | 189.93M | 183.47M | 407.05M | 773.57M | 2.31B |
| EBITDA | 144.37M | 142.14M | 379.85M | -129.24M | 670.92M | 622.81M |
| Net Income | 3.19B | 76.81M | 149.24M | -267.60M | 14.91M | -155.56M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 2.83B | 2.76B | 2.76B | 2.91B | 3.26B |
| Cash, Cash Equivalents and Short-Term Investments | 2.82M | 84.81M | 4.37M | 10.87M | 3.51M | 1.11M |
| Total Debt | 0.00 | 551.23M | 496.52M | 761.90M | 4.47B | 5.29B |
| Total Liabilities | 1.97B | 4.80B | 5.03B | 6.37B | 6.54B | 6.90B |
| Stockholders Equity | -1.97B | -1.97B | -2.27B | -3.61B | -3.62B | -3.64B |
Cash Flow | ||||||
| Free Cash Flow | -185.56M | -518.92M | -1.12B | -139.56M | 390.85M | 594.57M |
| Operating Cash Flow | -59.17M | -392.19M | -1.08B | -137.83M | 403.01M | 614.65M |
| Investing Cash Flow | 148.88M | 200.84M | 259.44M | 262.88M | -6.48M | -6.46M |
| Financing Cash Flow | -89.66M | 189.81M | 810.36M | -118.31M | -393.63M | -607.63M |
Vardhman Polytex Ltd Technical Analysis
Negative
6.06
Price Trends
6.49
Negative
6.73
Negative
6.80
Negative
Market Momentum
-0.06
Negative
43.46
Neutral
24.32
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VARDMNPOLY, the sentiment is Negative. The current price of 6.06 is below the 20-day moving average (MA) of 6.21, below the 50-day MA of 6.49, and below the 200-day MA of 6.80, indicating a bearish trend. The MACD of -0.06 indicates Negative momentum. The RSI at 43.46 is Neutral, neither overbought nor oversold. The STOCH value of 24.32 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VARDMNPOLY.
Vardhman Polytex Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹3.55B | 8.65 | ― | 3.58% | 11.41% | 351.51% | |
73 Outperform | ₹3.86B | 10.93 | ― | ― | -6.94% | 140.51% | |
66 Neutral | ₹3.27B | 10.40 | ― | ― | -36.83% | 0.31% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
55 Neutral | ₹4.05B | 11.23 | ― | 0.88% | 2.91% | 89.10% | |
53 Neutral | ₹2.89B | 31.71 | ― | ― | 956.35% | -87.52% | |
41 Neutral | ₹2.95B | 0.92 | ― | ― | -15.18% | 806.49% |
* General Sector Average
IN:VARDMNPOLY
Vardhman Polytex Ltd
6.10
-3.10
-33.70%
IN:BANSWRAS
Banswara Syntex Ltd
122.20
-4.08
-3.23%
IN:GINNIFILA
Ginni Filaments Limited.
45.50
-6.45
-12.42%
IN:NDL
Nandan Denim Limited
2.72
-0.67
-19.76%
IN:SOMATEX
Soma Textiles & Industries Ltd
85.93
-2.93
-3.29%
IN:VARDHACRLC
Vardhman Acrylics Ltd.
44.87
0.85
1.93%
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.