Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Vardhman Acrylic
Quarter-by-quarter operating performance
| Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 81 | 81 | 86 | 62 | 68 | 57 | 71 | 82 | 72 | 69 | 89 | 76 | 84 |
| Expenses + | 77 | 82 | 81 | 57 | 64 | 55 | 70 | 81 | 72 | 70 | 89 | 69 | 73 |
| Operating Profit | 3 | -2 | 5 | 5 | 5 | 2 | 1 | 1 | -0 | -1 | 0 | 7 | 10 |
| OPM % | 4% | -2% | 6% | 8% | 7% | 4% | 1% | 1% | -0% | -1% | 0% | 9% | 12% |
| Other Income + | 3 | 4 | 4 | 3 | 4 | 4 | 3 | 5 | 3 | 4 | 4 | 3 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 5 | 1 | 8 | 6 | 7 | 5 | 3 | 5 | 2 | 2 | 3 | 10 | 14 |
| Tax % | 23% | 21% | 21% | 12% | 20% | 20% | 55% | 17% | 18% | 24% | 23% | 23% | -14% |
| Net Profit + | 4 | 0 | 6 | 6 | 5 | 4 | 2 | 4 | 2 | 2 | 2 | 7 | 16 |
| EPS in Rs | 0.49 | 0.06 | 0.77 | 0.70 | 0.66 | 0.54 | 0.19 | 0.49 | 0.24 | 0.22 | 0.31 | 0.92 | 1.94 |
Financials of Vardhman Acrylic
Annual income statement trend
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 498 | 448 | 368 | 327 | 392 | 334 | 280 | 303 | 427 | 297 | 282 | 319 |
| Expenses + | 465 | 403 | 331 | 295 | 364 | 308 | 232 | 294 | 390 | 284 | 278 | 302 |
| Operating Profit | 34 | 44 | 38 | 31 | 28 | 27 | 48 | 9 | 36 | 13 | 4 | 17 |
| OPM % | 7% | 10% | 10% | 10% | 7% | 8% | 17% | 3% | 8% | 5% | 1% | 5% |
| Other Income + | 16 | 22 | 25 | 21 | 25 | 27 | 15 | 14 | 13 | 14 | 16 | 15 |
| Interest | 0 | 0 | 0 | 1 | 0 | 0 | 1 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 5 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 6 | 3 | 3 |
| Profit before tax | 45 | 62 | 57 | 47 | 47 | 48 | 57 | 17 | 43 | 21 | 16 | 29 |
| Tax % | 25% | 34% | 28% | 17% | 26% | 3% | 25% | 16% | 24% | 18% | 26% | 6% |
| Net Profit + | 33 | 41 | 41 | 39 | 34 | 46 | 43 | 15 | 33 | 18 | 12 | 27 |
| EPS in Rs | 3.59 | 4.38 | 5.12 | 4.80 | 4.29 | 5.76 | 5.34 | 1.81 | 4.09 | 2.18 | 1.47 | 3.39 |
| Dividend Payout % | 28% | 114% | 29% | 42% | 58% | 0% | 0% | 1,380% | 61% | 92% | 102% | 44% |
Financials of Vardhman Acrylic
Capital structure and asset base
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 93 | 93 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 | 80 |
| Reserves | 228 | 225 | 215 | 239 | 253 | 275 | 318 | 132 | 165 | 163 | 158 | 174 |
| Borrowings + | 1 | 1 | 1 | 1 | 1 | 1 | 0 | 3 | 0 | 1 | 0 | 0 |
| Other Liabilities + | 108 | 77 | 127 | 92 | 119 | 96 | 86 | 87 | 97 | 84 | 110 | 89 |
| Total Liabilities | 430 | 395 | 423 | 413 | 453 | 453 | 485 | 302 | 342 | 328 | 349 | 343 |
| Fixed Assets + | 72 | 61 | 58 | 55 | 52 | 64 | 59 | 56 | 54 | 56 | 58 | 60 |
| CWIP | 2 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 0 | 0 | 0 |
| Investments | 263 | 256 | 248 | 260 | 284 | 160 | 232 | 134 | 172 | 169 | 186 | 183 |
| Other Assets + | 92 | 78 | 117 | 99 | 118 | 229 | 194 | 112 | 112 | 103 | 105 | 99 |
| Total Assets | 430 | 395 | 423 | 413 | 453 | 453 | 485 | 302 | 342 | 328 | 349 | 343 |
Financials of Vardhman Acrylic
Operating, investing and financing cash movement
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 55 | 23 | 42 | 3 | 26 | 4 | 39 | -9 | 39 | 7 | 26 | 7 |
| Cash from Investing Activity + | -58 | 43 | 30 | 7 | -8 | 80 | -83 | 190 | -37 | 12 | -9 | 8 |
| Cash from Financing Activity + | -1 | -68 | -63 | -15 | -20 | -24 | -1 | -198 | -3 | -20 | -17 | -12 |
| Net Cash Flow | -3 | -2 | 8 | -5 | -2 | 61 | -44 | -17 | -1 | 0 | -0 | 2 |
| Free Cash Flow | 51 | 20 | 41 | 2 | 23 | -2 | 39 | -12 | 31 | 4 | 21 | 2 |
| CFO/OP | 203% | 84% | 114% | 62% | 137% | 48% | 111% | -18% | 135% | 92% | 753% | 69% |
Financials of Vardhman Acrylic
Working capital efficiency and return ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 2 | 5 | 23 | 15 | 10 | 20 | 13 | 11 | 20 | 11 | 13 |
| Inventory Days | 63 | 62 | 123 | 85 | 94 | 92 | 139 | 121 | 108 | 141 | 149 | 108 |
| Days Payable | 60 | 37 | 100 | 66 | 84 | 83 | 89 | 75 | 70 | 81 | 123 | 83 |
| Cash Conversion Cycle | 5 | 27 | 28 | 41 | 24 | 20 | 69 | 59 | 49 | 80 | 37 | 39 |
| Working Capital Days | -2 | 11 | -5 | 9 | 4 | -2 | 21 | 29 | 15 | 25 | -1 | 219 |
| ROCE % | 12% | 19% | 19% | 15% | 14% | 14% | 15% | 6% | 19% | 9% | 7% | 12% |
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