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Vardhman Textiles Q1 FY27 Share Price & Earnings Call Analysis

₹497.15-1.69% today
Market cap
₹14,394 Cr
P/E
16.99
ROE
6.86%
PEG
-4.21
Price to sales
1.41
Debt to equity
0.18
52W high / low
₹666 / ₹403
Sales growth (5Y)
9.96%
EBITDA margin
13.61%
Net profit margin
7.16%
Promoter holding
65.06%
Sales (last year)
₹10,186 Cr

Vardhman textiles is engaged in the business of manufacturing Yarn, Fabric, Acrylic Fiber and Garments, the Group has over the years developed as a business conglomerate with a presence in India and in 75 countries across the globe. [1]

Guidance scorecard · Q1 FY27 call

What Vardhman Textiles Ltd's management guided
and where it ranks in Textiles & Apparels

#25of 42 in
Textiles & Apparels
Revenue10–20%MarginsFlatCapexPlannedFundraisingWhat management saidOrder bookWhat management said

RevenueQ1 FY27 call

10–20%
  • Capacity expansion at Dhar's PM MITRA Park is planned in the next 3-5 years, intending to drive top-line growth.
  • New capex includes modernization and power projects, with some on-line now and more completing within 2026-27, which will enhance production capacity marginally (additional 50-55 tons open end).
  • Garmenting capacity is being doubled from 2.2 million to 4.5 million shirts, expected to be fully operational by June 2027, with peak revenue potential around INR 300 crores.
  • The synthetic fabric business is starting to gain traction, targeting 70-80% capacity utilization in next 6 months from current 15-20%.

2 more points from Vardhman Textiles Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Flat

See what Vardhman Textiles Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • Total announced capex is INR 3,600 crores, with around INR 800-900 crores allocated for FY27; remaining to be completed this year.
  • Majority of capex is for modernization and power projects including biomass boilers and renewable energy investments (solar, wind).
  • Open-end spinning project with ~55-60 tons/day capacity construction started recently, expected to be ready in about 10 months.
  • Dhar PM MITRA Park project capex is currently under consideration; construction to start only after power availability is confirmed (expected post June 2027).

2 more points from Vardhman Textiles Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

See what Vardhman Textiles Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

  • Export market order book is typically sold for about 90-95 days (approx. 3 months).
  • Domestic market order book stays around 45-50 days.
  • Current order book situation in spinning segment aligns with these averages.
  • Bulk of price improvements in April-May expected to reflect in Q2 sales.
  • Yarn demand and sales visibility looks stable for the next 3 to 4 months.
  • New garment capacity expansion (doubling from 2.2 million to 4.5 million shirts) is underway with customers secured; full utilization expected roughly one year from now.

2 more points from Vardhman Textiles Ltd's call on the order book

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Full Q1 FY27 analysis
Full Textiles & Apparels ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Textiles & Apparels
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Sumeet IndustrieGood growth
    3
See all potential multibaggersWhere does Vardhman Textiles Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Textiles & Apparels companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹560 Cr90.6
240%+Flat₹421 Cr27.7
3Sumeet Industrie20–40%Up 2%+₹751 Cr30.3
420–40%Up 2%+₹305 Cr20.4
520–40%Up 0–2%₹2,823 Cr17.5
620–40%Up 0–2%₹1,225 Cr69.7

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Pro shows every company guiding 40%+ revenue growth →Full Textiles & Apparels ranking

Financials of Vardhman Textiles Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Financials of Vardhman Textiles Ltd

Quarterly Results

Quarter-by-quarter operating performance

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Sales +2,4862,3182,3972,3302,4592,3092,5022,4652,5092,3862,4802,5052,498
Expenses +2,2242,1032,1922,0852,1511,9612,1872,1532,2222,0602,1462,2212,204
Operating Profit262215205244308348315313287326334284294
OPM %11%9%9%10%13%15%13%13%11%14%13%11%12%
Other Income +8310398868179937913382497468
Interest30322219291818192323212623
Depreciation104105104999797100101103109114118123
Profit before tax211182178212264312291273293276249214217
Tax %24%25%23%23%23%23%32%22%19%25%25%21%13%
Net Profit +160137136162202240197212238208188168189
EPS in Rs5.494.724.645.546.948.256.817.288.217.166.475.756.39

Financials of Vardhman Textiles Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Sales +6,7415,8486,0306,2486,8786,7356,1409,62210,1379,5059,7859,869
Expenses +5,6234,6724,8315,3455,6845,7985,3267,3488,8148,5318,5228,630
Operating Profit1,1181,1761,1999031,1949378142,2741,3249731,2631,239
OPM %17%20%20%14%17%14%13%24%13%10%13%13%
Other Income +161158591215239187222264232369384274
Interest125891291181201351131001021027792
Depreciation532374343240254333364368394405401465
Profit before tax6228721,3187601,0596555592,0711,0608351,168955
Tax %28%28%25%22%30%10%24%25%24%24%24%21%
Net Profit +4466249945927415914271,551805637887753
EPS in Rs12.5719.3134.1720.2425.4320.0814.4053.5427.5021.8430.5425.76
Dividend Payout %16%15%8%15%14%0%24%62%13%18%16%19%

Financials of Vardhman Textiles Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital636155565657575757575757
Reserves3,3133,9394,2184,8975,5355,9916,4127,6478,5079,0439,83910,457
Borrowings +2,6402,6302,2382,3212,2782,2212,1321,9831,6781,7911,2381,855
Other Liabilities +1,3638839909711,1491,0871,0221,2931,0941,0911,2991,497
Total Liabilities7,3787,5137,5028,2469,0189,3569,62210,98011,33511,98312,43313,866
Fixed Assets +2,8752,6272,5912,6313,2013,6283,5293,4943,9373,7694,1505,094
CWIP838649106274142782415161252586
Investments8691,3131,8681,8341,3461,1451,0751,6912,5491,6991,8441,828
Other Assets +3,5513,4882,9943,6764,1984,4414,9415,5544,7986,4546,1876,357
Total Assets7,3787,5137,5028,2469,0189,3569,62210,98011,33511,98312,43313,866

Financials of Vardhman Textiles Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +1,4129151,3501034998491681,4451,853-1,0551,6441,108
Cash from Investing Activity +-315-451-343-167-278-379-116-899-1,4451,104-892-1,516
Cash from Financing Activity +-975-365-1,18092-252-296-174-571-399-90-733398
Net Cash Flow12299-17328-30175-122-269-4119-10
Free Cash Flow1,1075381,127-253-384200-729361,238-1,329675-579
CFO/OP146%99%138%35%63%103%26%86%160%-87%149%107%

Financials of Vardhman Textiles Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days444944444344625043474848
Inventory Days200249218242265276314231147273254244
Days Payable232331313237343222233433
Cash Conversion Cycle221274232255276283342249168296269259
Working Capital Days686247106116130182121102156164193
ROCE %11%14%15%11%14%10%8%23%11%9%11%9%

Guidance history

How Vardhman Textiles Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%FlatPlanned——
Q4 FY26 call →10–20%FlatPlanned——
Q3 FY26 call →10–20%FlatPlanned——
Q2 FY26 call →0–10%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

20out of 100

Momentum score · price trend

20 out of 100 — Cooling

Over the past year its share price has done worse than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+12.4%70%
Last 6 months−18.8%20%
Last 3 months−17.4%23%

The price is 25.5% below its all-time high of ₹667.25 (3 Jul 2026). Stocks more than 20% below their peak have their score halved, so 41 became 20.

How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Vardhman Textiles Ltd: 0.4 × 70 + 0.4 × 20 + 0.2 × 23 = 41, halved to 20 because the price is more than 20% below its all-time high.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Vardhman Textiles Ltd's management said in earlier quarters

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