Vardhman Acrylics Ltd. (IN:VARDHACRLC)
:VARDHACRLC
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Vardhman Acrylics Ltd.
(VARDHACRLC)
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Rating:74Outperform
Price Target:
₹48.00
▲(25.26% Upside)
Action:UpgradedDate:05/05/26
The score is driven by strong technical trend confirmation (price above major moving averages with positive MACD) and supportive valuation (low P/E plus a ~4% dividend yield). These positives are tempered by uneven financial performance, particularly declining recent revenue and softer operating margins, alongside inconsistent free cash flow.
Positive Factors
Low leverage / strong balance sheet
A low debt-to-equity ratio and robust balance sheet reduce financial risk and interest burden, giving the company durable liquidity and flexibility. This allows it to withstand commodity cycles, fund working capital and selective capex without immediate refinancing pressure, supporting stability over months.
Negative Factors
Declining and volatile margins
Eroding EBIT/EBITDA margins point to weaker operating leverage and rising cost pressure or pricing squeeze. Margin deterioration reduces cash available for reinvestment and weakens resilience to raw-material swings, necessitating operational fixes to restore sustainable profitability over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Low leverage / strong balance sheet
A low debt-to-equity ratio and robust balance sheet reduce financial risk and interest burden, giving the company durable liquidity and flexibility. This allows it to withstand commodity cycles, fund working capital and selective capex without immediate refinancing pressure, supporting stability over months.
Read all positive factors
Vardhman Acrylics Ltd. (VARDHACRLC) vs. iShares MSCI India ETF (INDA)
Market Cap
₹3.00B
Dividend Yield4.02%
Average Volume (3M)42.64K
Price to Earnings (P/E)10.9
Beta (1Y)1.04
Revenue Growth10.56%
EPS Growth-10.16%
CountryIN
Employees326
SectorBasic Materials
Sector Strength58
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)1.26
Shares Outstanding80,363,750
10 Day Avg. Volume68,506
30 Day Avg. Volume42,638
Financial Highlights & Ratios
PEG Ratio-0.87
Price to Book (P/B)1.40
Price to Sales (P/S)1.18
P/FCF Ratio15.79
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 Acrylics Ltd. Business Overview & Revenue Model
Company Description
Vardhman Acrylics Limited manufactures and supplies acrylic fibers and tows in India. Its products are used in apparels and house-hold products. The company provides its products under the VARLAN brand name. Vardhman Acrylics Limited was incorpora...
How the Company Makes Money
The company makes money mainly by selling acrylic fibre to customers in the textile and related manufacturing industries. Revenue is generated from (1) domestic sales to Indian spinning mills, textile manufacturers, and traders that use acrylic fi...
Vardhman Acrylics Ltd. Financial Statement Overview
Summary
Income Statement
60
Neutral
Balance Sheet
75
Positive
Cash Flow
68
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 3.13B | 2.82B | 2.97B | 4.26B | 3.03B | 2.80B |
| Gross Profit | 780.70M | 829.60M | 993.60M | 1.36B | 687.55M | 1.08B |
| EBITDA | 158.60M | 193.10M | 272.67M | 488.78M | 232.36M | 630.53M |
| Net Income | 101.90M | 118.30M | 175.36M | 328.58M | 145.59M | 429.17M |
Balance Sheet | ||||||
| Total Assets | 3.39B | 3.49B | 3.28B | 3.42B | 3.02B | 4.85B |
| Cash, Cash Equivalents and Short-Term Investments | 1.63B | 1.25B | 821.69M | 909.99M | 818.51M | 2.80B |
| Total Debt | 0.00 | 1.80M | 11.37M | 3.39M | 27.85M | 3.59M |
| Total Liabilities | 1.08B | 1.10B | 848.30M | 968.81M | 900.44M | 867.41M |
| Stockholders Equity | 2.31B | 2.39B | 2.43B | 2.45B | 2.12B | 3.98B |
Cash Flow | ||||||
| Free Cash Flow | -156.90M | 211.20M | 43.56M | 305.34M | -120.02M | 389.48M |
| Operating Cash Flow | -113.00M | 261.60M | 76.04M | 385.27M | -94.14M | 394.57M |
| Investing Cash Flow | 506.70M | -90.80M | 120.32M | -367.33M | 1.90B | -825.75M |
| Financing Cash Flow | -122.10M | -170.90M | -195.03M | -26.03M | -1.98B | -11.04M |
Vardhman Acrylics Ltd. Technical Analysis
Positive
38.32
Price Trends
34.86
Positive
36.38
Positive
40.22
Negative
Market Momentum
0.76
Negative
62.60
Neutral
87.39
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VARDHACRLC, the sentiment is Positive. The current price of 38.32 is above the 20-day moving average (MA) of 33.14, above the 50-day MA of 34.86, and below the 200-day MA of 40.22, indicating a neutral trend. The MACD of 0.76 indicates Negative momentum. The RSI at 62.60 is Neutral, neither overbought nor oversold. The STOCH value of 87.39 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VARDHACRLC.
Vardhman Acrylics Ltd. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹3.00B | 10.89 | ― | 4.02% | 10.56% | -10.16% | |
62 Neutral | ₹4.44B | 4.61 | ― | ― | 48.26% | 49.95% | |
61 Neutral | $10.43B | 7.12 | -0.05% | 2.87% | 2.86% | -36.73% | |
54 Neutral | ₹4.19B | 23.33 | ― | ― | 47.19% | 657.86% | |
45 Neutral | ₹3.82B | 23.83 | ― | ― | -7.24% | 24.52% | |
43 Neutral | ₹2.56B | -19.09 | ― | 0.38% | -43.16% | -345.03% |
* Basic Materials Sector Average
IN:VARDHACRLC
Vardhman Acrylics Ltd.
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2.13
5.27%
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Vardhman Acrylics Ltd. Corporate Events
Vardhman Acrylics Publishes FY26 Results in Newspapers, Confirms SEBI Compliance
May 4, 2026
Vardhman Acrylics Ltd. has notified the stock exchange that it has published its audited financial results for the quarter and year ended 31 March 2026 in the newspapers Desh Sewak and Business Standard, in line with disclosure requirements. The c...
Vardhman Acrylics Reports No Share Dematerialisation Activity in April 2026
May 4, 2026
Vardhman Acrylics Ltd. notified the stock exchange that its fully paid equity shares continue to be available for dematerialisation through NSDL and CDSL under the existing ISIN, reaffirming the company’s alignment with standard market pract...
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.