VARDHMAN TEXTILES chart

Last update: 2022-06-03
Key statistics and financials
Revenue per share 339.51
Dividend & Yield10.30₹ (3.64%)
Beta 0.61
Market capitalization 84.75B
Operating cash flow 14.45B
ESG Scores unknown

Company description

Vardhman Textiles Limited, together with its subsidiaries, manufactures and sells textiles and fibre in India, rest of Asia, the United States, Europe, and the Middle East. It offers yarns, fabrics, fibers, threads, and garments. The company also provides specialized greige and dyed yarns in cotton, polyester, acrylic, and various blends; and value added products, such as organic cotton, melange, core spun yarns, ultra yarns, gassed mercerized, super fine yarns, slub and cellulose yarns, and fancy yarns for hand knitting. In addition, it is involved in lending and investing activities; and the manufacture and sale of steel products, including hot rolled bars, and special and alloy steel for automotive, engineering, bearing, and allied industries. The company was formerly known as Mahavir Spinning Mills Limited and changed its name to Vardhman Textiles Limited in September 2006. Vardhman Textiles Limited was founded in 1965 and is based in Ludhiana, India.

Sector: Consumer Cyclical - Industry: Textile Manufacturing

Financial Ratios
Quick Ratio1.54
Working Capital0.39
Return On Equity0.2
Debt To Equity0.12
Fixed Asset Ratio0
Fixed Interest Cover19.12

Financial data

Financial Statements

Cashflow Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Change To Liabilities 458.7M 435M -510.5M 1.02B
Total Cashflows From Investing Activities -2.78B -3.79B -1.16B -8.99B
Net Borrowings -442M -570.3M -892M -1.49B
Total Cash From Financing Activities -2.52B -2.96B -1.75B -5.71B
Change To Operating Activities -1.45B 469.6M -2.74B -1.39B
Issuance Of Stock 47.9M 34.2M 91.9M 128.2M
Net Income 7.31B 5.78B 4.1B 15.47B
Change In Cash -303.2M 1.75B -1.22B -260.1M
Effect Of Exchange Rate
Total Cash From Operating Activities 4.99B 8.49B 1.68B 14.45B
Depreciation 2.52B 3.32B 3.63B 3.68B
Change To Account Receivables -464M -214.1M -2.18B -2.99B
Other Cashflows From Financing Activities -1.28B -1.43B -943.9M -859.5M
Change To Netincome 127.3M -596.7M 524M -479.5M
Capital Expenditures -9.08B -6.57B -2.43B -5.19B

Income Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Research Development
Income Before Tax 10.59B 6.55B 5.59B 20.71B
Net Income 7.31B 5.78B 4.1B 15.47B
Selling General Administrative 5.53B 5.99B 5.92B 7.29B
Gross Profit 30.68B 29.65B 26.94B 50.62B
Ebit 9.61B 6.16B 4.59B 19.06B
Operating Income 9.61B 6.16B 4.59B 19.06B
Interest Expense -1.09B -1.23B -989.8M -997.2M
Income Tax Expense 3.18B 645M 1.36B 5.2B
Total Revenue 68.78B 67.35B 61.4B 96.22B
Cost Of Revenue 38.1B 37.7B 34.46B 45.61B
Total Other Income ExpenseNet 975.9M 395.9M 1B 1.64B
Net Income From Continuing Ops 7.41B 5.91B 4.22B 15.51B
Net Income Applicable To Common Shares 7.31B 5.78B 4.1B 15.47B

Balance Sheet Statement 2019-03-31 2020-03-31 2021-03-31 2022-03-31
Total Liabilities 33.12B 31.85B 30.2B 31.38B
Total Stockholder Equity 55.91B 60.48B 64.74B 77.04B
Other Current Liabilities 2.08B 1.66B 1.52B 4.69B
Total Assets 90.16B 93.54B 96.27B 109.79B
Common Stock 564.8M 565.2M 565.6M 568.4M
Other Current Assets 5.12B 3.84B 4.11B 9.08B
Retained Earnings 54.16B 58.63B 62.8B
Treasury Stock 1.09B 1.15B 1.18B 76.47B
Cash 400.5M 2.15B 926.4M 1.22B
Total Current Liabilities 18.62B 16.36B 14.29B 19.3B
Other Stockholder Equity 1.09B 1.15B 1.18B 76.47B
Property, Plant, and Equipment 34.6B 37.55B 36.02B 37.31B
Total Current Assets 46.81B 48.83B 52.02B 58.55B
Net Tangible Assets 55.77B 60.33B 64.59B 76.99B
Net Receivables 9.2B 9.62B 12.74B 13.23B
Accounts Payable 3.16B 3.57B 2.99B 3.96B


Insider Transactions

Here are the insider transactions of stock shares related to VARDHMAN TEXTILES:

Filer Name Transaction Text Ownership Date Filer Relation Shares
Peer (B.B)Sale at price 34.07 per share.D2022-02-07UNREPORTED700
Gupta (T C)Sale at price 33.60 per share.D2022-02-04UNREPORTED400
Jain (Vipin Kumar)Sale at price 33.63 per share.D2022-02-04UNREPORTED400
Sidhu (IMJS)Sale at price 33.77 per share.D2022-02-04UNREPORTED750
Thapar (Rajeev)Sale at price 32.75 per share.D2022-02-04Director500
Sikka (Mahinder Pal)Sale at price 32.52 per share.D2022-02-03UNREPORTED900
Jain (Neeraj)Sale at price 32.49 per share.D2022-01-31Director1k
Saini (Satnam Singh)Acquisition at price 32.51 per share.D2022-01-28UNREPORTED120
Aggarwal (Sudeep Kumar)Other at price 10.96 per share.D2022-01-03UNREPORTED1.35k
Bansal (Manoj Kumar)Other at price 10.96 per share.D2022-01-03UNREPORTED800
Bansal (Mukesh)Other at price 10.96 per share.D2022-01-03UNREPORTED1.52k
Chopra (Rajesh)Other at price 10.96 per share.D2022-01-03UNREPORTED1.95k
Choudhary (B.K.)Other at price 10.96 per share.D2022-01-03UNREPORTED6k
Gupta (T C)Other at price 10.96 per share.D2022-01-03UNREPORTED1.45k
Jain (Neeraj)Other at price 10.96 per share.D2022-01-03UNREPORTED4k
Mehani (Rajeev)Other at price 10.96 per share.D2022-01-03UNREPORTED1.95k
Pal (S)Other at price 10.96 per share.D2022-01-03UNREPORTED4.5k
Peer (B.B)Other at price 10.96 per share.D2022-01-03UNREPORTED3.6k
Punj (Bhushan)Other at price 10.96 per share.D2022-01-03UNREPORTED1.5k
Saxena (Mukesh)Other at price 10.96 per share.D2022-01-03UNREPORTED3.6k
Sidhu (IMJS)Other at price 10.96 per share.D2022-01-03UNREPORTED4.25k
Sikka (Mahinder Pal)Other at price 10.96 per share.D2022-01-03UNREPORTED300
Thapar (Rajeev)Other at price 10.96 per share.D2022-01-03Chief Financial Officer2.5k
Choudhary (B.K.)Sale at price 31.25 per share.D2021-12-31Promoter2k
Pal (S)Sale at price 31.69 per share.D2021-12-31UNREPORTED780
Devanarayanan (Raman Shankar)Sale at price 29.19 per share.D2021-12-29UNREPORTED950
Pal (S)Sale at price 31.52 per share.D2021-12-29UNREPORTED500
Saxena (Mukesh)Sale at price 31.28 per share.D2021-12-29Promoter1.5k
Pal (S)Sale at price 30.68 per share.D2021-12-27UNREPORTED500
Arora (Rakesh Kumar)Sale at price 27.90 per share.D2021-12-24UNREPORTED600
Mittal (Vikas)Gift at price 0.00 per share.D2021-12-22UNREPORTED600
Yadav (R S)Sale at price 28.25 per share.D2021-12-22UNREPORTED77
Gupta (Mahesh Kumar)Sale at price 30.39 per share.D2021-12-21UNREPORTED1.2k
Pal (S)Sale at price 30.86 per share.D2021-12-16UNREPORTED1k
Angra (Rajiv Kumar)Sale at price 29.41 per share.D2021-12-15UNREPORTED1.26k
Bansal (Mukesh)Sale at price 27.90 per share.D2021-12-15UNREPORTED650
Dhingra (Parveen)Sale at price 29.47 per share.D2021-12-15UNREPORTED1.35k
Gupta (T C)Sale at price 27.90 per share.D2021-12-15UNREPORTED550
Pal (S)Sale at price 29.32 per share.D2021-12-15UNREPORTED1k
Saxena (Mukesh)Sale at price 28.87 per share.D2021-12-15UNREPORTED2.7k
Sidhu (IMJS)Sale at price 27.60 per share.D2021-12-15UNREPORTED1.25k
Aggarwal (Sudeep Kumar)Sale at price 27.00 per share.D2021-12-14UNREPORTED1.12k
Dhingra (Parveen)Sale at price 27.43 per share.D2021-12-14UNREPORTED1.88k
Bansal (Mukesh)Sale at price 27.36 per share.D2021-11-30UNREPORTED500
Sidhu (IMJS)Sale at price 26.87 per share.D2021-11-30UNREPORTED500
Dhingra (Parveen)Sale at price 28.07 per share.D2021-11-17UNREPORTED575
Thapar (Rajeev)Sale at price 28.31 per share.D2021-11-17Chief Financial Officer500
Gupta (T C)Sale at price 27.60 per share.D2021-11-16UNREPORTED650
Sidhu (IMJS)Sale at price 27.78 per share.D2021-11-16UNREPORTED1k
Pal (S)Sale at price 28.96 per share.D2021-11-08UNREPORTED500
Jain (Neeraj)Sale at price 27.22 per share.D2021-11-03Joint Managing director600

Insider transaction explanations

Insider buying is the legal purchase of shares by a senior executive or director of a company. "Filer Name" corresponds to the name of the stock buyer or seller. "Transaction Text" describes the transaction. "Ownership" gives information about the transaction type. "Date" is the reported transaction date. "Filer Relation" gives the role of the insider in the company. "Shares" is the value of the transaction. You will find the complete description of the General Transaction Codes on the SEC dedicated page


Investment strategy backtesting

These are the result of three automatic investment systems applied to VARDHMAN TEXTILES. You will find the performance of an systematic investment system, a momentum strategy, and a buy the dip trading strategy.


Systematic investment results on VARDHMAN TEXTILES

Here is the result of two systematic investment strategies applied to VARDHMAN TEXTILES. The first strategy automatically buys the first day of the month, and the second strategy buys the fifteenth day of the month.

Systematic investment equity curve on VARDHMAN TEXTILES

The following chart shows the equity curve of the two systematic investment strategies applied to VARDHMAN TEXTILES:

VARDHMAN TEXTILES automated entries

The systematic investment strategy that buys the first day of the month would give a performance of -68.61% on the backtest period.

Performance at glance

Performance

-68.61 %

Latent gain

-6903.05 ₹

Invested capital

10061.15 ₹

Annualized return

-16.34 %
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Momentum strategy results on VARDHMAN TEXTILES

This is the result of two momentum investment strategies applied to VARDHMAN TEXTILES. The first strategy uses a momentum signal calculated on one quarter, and the second uses a momentum signal calculated on two quarters.

Momentum entry openings on VARDHMAN TEXTILES

The following chart shows all the entries opened by the momentum investment system on VARDHMAN TEXTILES:

VARDHMAN TEXTILES momentum entries
  • The first momentum investment strategy would give -61.13% of return on VARDHMAN TEXTILES. That represents -6069.35₹ of latent gain with 9929.25₹ of employed capital.
  • The second momentum investment strategy would give -64.04% of return on VARDHMAN TEXTILES. That represents -5625.35₹ of latent gain with 8783.45₹ of employed capital.
Performance at glance (1Q Momentum)

Performance

-61.13 %

Latent gain

-6069.35 ₹

Invested capital

9929.25 ₹

Annualized return

0.0 %
Performance at glance (2Q Momentum)

Performance

-64.04 %

Latent gain

-5625.35 ₹

Invested capital

8783.45 ₹

Annualized return

-17.22 %

Momentum equity curve on VARDHMAN TEXTILES

The following chart shows the equity curve of the two momentum strategies applied to VARDHMAN TEXTILES:

VARDHMAN TEXTILES momentum equity

Note: the dividends potentially given by VARDHMAN TEXTILES are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on VARDHMAN TEXTILES

The following chart shows the employed capital evolution of the two momentum strategies on VARDHMAN TEXTILES since the beginning:

VARDHMAN TEXTILES

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250₹, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000₹.


Buy the dip strategy result on VARDHMAN TEXTILES

Buy the dip entry openings on VARDHMAN TEXTILES

VARDHMAN TEXTILES

The performance achieved by the robo-advisor on VARDHMAN TEXTILES is 0%. That represents 0.0$ of latent gain with 0.0₹ of employed capital. The following chart shows VARDHMAN TEXTILES stock price with all the entries opened by the automated investment system.

Note: The blue line represents the weekly stock price of VARDHMAN TEXTILES, and the green triangles represent the entry openings. The artificall robo-advisor needs at least 100 weeks of trading history to work.

Performance at glance

Performance

0 %

Latent gain

0.0 ₹

Invested capital

0.0 ₹

Annualized return

0.0 %

Equity curve of the strategy applied to VARDHMAN TEXTILES

The following chart shows the result of the investment strategy applied to VARDHMAN TEXTILES:

VARDHMAN TEXTILES

Note: the dividends potentially given by VARDHMAN TEXTILES are not integrated into the calculation of the equity curve neither the performance of the strategy. The integration of the dividends will be available soon.


Employed capital on VARDHMAN TEXTILES

The following chart shows the employed capital evolution since the beginning of the investment strategy on VARDHMAN TEXTILES:

VARDHMAN TEXTILES

Note: the algorithm buys for a maximum of 250$ per entry. If the stock price is greater than 250$, the system buys only one stock per entry. The investment system stops automatically when the financial exposure reaches 10000$.


Investment strategies comparison on VARDHMAN TEXTILES

In this section, I will compare the three previous investment strategies applied to VARDHMAN TEXTILES.

Equity curve comparison on VARDHMAN TEXTILES

The following chart shows the equity curve of the artificall advisor, the trend folowing and the automatic investment strategies:

VARDHMAN TEXTILES investment strategy comparison

Employed capital comparison on VARDHMAN TEXTILES

VARDHMAN TEXTILES investment comparison

Performance comparison on VARDHMAN TEXTILES

Strategy Latent Profit Growth Employed capital CAGR
Automatic investment -68.61% -6903.05₹ 10061.15₹ -16.34%
Momentum 1 quarter -61.13% -6069.35₹ 9929.25₹ -15.44%
Momentum 2 quarters -64.04% -5625.35₹ 8783.45₹ -17.22%
Non-directional 0% 0.0₹ 0.0₹ 0.0%
Annualized return comparison

Automatic investment

-16.34 %

Momentum 1Q

-17.22 %

Momentum 2Q

-17.22 %

Non-directional

0.0 %

Correlated stocks

Here are the most positively and negatively correlated stocks with VARDHMAN TEXTILES:

Positive correlations

Most correlated stocks this year


Most correlated stocks last 3 months

Negative correlation

Most negatively correlated stocks this year


Most negatively correlated stocks last 3 months

Note: The algorithm computes the probability of correlation between VARDHMAN TEXTILES and the other stocks. There may be false positives or some missing correlated stocks. If the price of VARDHMAN TEXTILES does not vary for 36 weeks, the correlation calculation result will be wrong.


Company information

Company name VARDHMAN TEXTILES
Country India
City Ludhiana
Address Vardhman Premises
Phone 91 16 1222 8943
Website www.vardhman.com
FullTime employees
Industry Textile Manufacturing
Sector Consumer Cyclical
Exchange XNSE
Ticker VTL.XNSE
Market

VARDHMAN TEXTILES ESG Scores

Environment scores

Environment ESG Factors Scores
Environment Score 0
Peer Environment Performance unknown
Environment Percentile unknown
Palm Oil unknown
Nuclear unknown
Fur Leather unknown
GMO unknown
Coal unknown
Pesticides unknown
Animal Testing unknown

Social scores

Social ESG Factors Scores
Social Score 0
Peer Social Performance unknown
Social Percentile unknown
Highest Controversy unknown
Peer Highest Controversy Performance unknown
Adult unknown
Gambling unknown
Alcoholic unknown
Tobacco unknown
Catholic unknown
Controversial Weapons unknown
Small Arms unknown
Military Contract unknown
Peer Count unknown

Related Controversy:


Governance scores

Governance ESG Factors Scores
Governance Score 0
Peer Governance Performance unknown
Governance Percentile unknown

ESG at glance
Total ESG Scores: unknown
Environment Score: 0
Social Score: 0
Governance Score: 0

ESG Performance: unknown

Peer Group: unknown

Peer Esg Score Performance: unknown

Rating Year: unknown

Rating Month: unknown

Max Age: unknown

Percentile: unknown