Vardhman Holdings Limited (IN:VHL)
:VHL
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Vardhman Holdings Limited
(VHL)
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Rating:65Neutral
Price Target:
₹3,325.00
▼(-7.78% Downside)
Action:N/ADate:01/04/26
The score is primarily supported by a very conservative balance sheet and attractive valuation (low P/E and high dividend yield). These positives are tempered by weak cash-flow conversion and volatile revenue, while technicals remain soft with the stock below key longer-term moving averages and negative MACD.
Positive Factors
Balance sheet conservatism
Essentially zero financial leverage materially lowers solvency risk and preserves strategic optionality. Over a multi-month horizon this balance-sheet strength supports capital allocation flexibility, dividend continuity and resilience to macro shocks without needing external financing.
Negative Factors
Weak operating cash flow
Persistent negative operating and free cash flow weakens the company’s ability to fund dividends, investments or portfolio activity from internal resources. Over months this forces reliance on asset sales or external funding, raising execution risk and constraining growth initiatives.
Read all positive and negative factors
Positive Factors
Negative Factors
Balance sheet conservatism
Essentially zero financial leverage materially lowers solvency risk and preserves strategic optionality. Over a multi-month horizon this balance-sheet strength supports capital allocation flexibility, dividend continuity and resilience to macro shocks without needing external financing.
Read all positive factors
Vardhman Holdings Limited (VHL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹9.87B
Dividend Yield0.14%
Average Volume (3M)106.00
Price to Earnings (P/E)5.3
Beta (1Y)1.49
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees3
SectorConsumer Defensive
Sector Strength42
IndustryFinancial - Credit Services
Share Statistics
EPS (TTM)168.29
Shares Outstanding3,191,536
10 Day Avg. Volume70
30 Day Avg. Volume106
Financial Highlights & Ratios
PEG Ratio0.11
Price to Book (P/B)0.32
Price to Sales (P/S)84.33
P/FCF Ratio-202.56
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 Holdings Limited Business Overview & Revenue Model
Company Description
Vardhman Holdings Limited operates as a non-banking financial company in India. It primarily engages in the lending and investing activities. The company was formerly known as Vardhman Spinning and General Mills Limited and changed its name to Var...
How the Company Makes Money
VHL primarily makes money through income generated from its investment holdings and financing activities. Key revenue streams typically include: (1) dividends received from equity investments in portfolio companies (including group companies where...
Vardhman Holdings Limited Financial Statement Overview
Summary
Income Statement
64
Positive
Balance Sheet
86
Very Positive
Cash Flow
37
Negative
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 181.64M | 132.34M | 84.78M | 244.13M | 140.99M | 136.72M |
| Gross Profit | 176.81M | 126.11M | 79.94M | 231.65M | 132.35M | 130.23M |
| EBITDA | 160.23M | 202.70M | 134.39M | 33.41M | 309.90M | 187.62M |
| Net Income | 2.44B | 2.58B | 1.85B | 2.28B | 4.29B | 1.30B |
Balance Sheet | ||||||
| Total Assets | 37.51B | 35.41B | 32.98B | 31.01B | 27.78B | 23.07B |
| Cash, Cash Equivalents and Short-Term Investments | 15.50M | 1.19B | 816.30M | 624.52M | 2.12B | 1.15B |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 154.80M | 5.29M | 5.98M | 10.99M | 6.75M | 15.46M |
| Stockholders Equity | 37.36B | 35.40B | 32.97B | 31.00B | 27.77B | 23.06B |
Cash Flow | ||||||
| Free Cash Flow | -9.50M | -55.10M | -28.91M | -2.87M | -35.96M | 821.43M |
| Operating Cash Flow | -9.50M | -55.10M | -28.91M | 12.85M | -35.96M | 821.43M |
| Investing Cash Flow | 25.30M | 47.60M | 43.93M | 20.48M | -685.74M | -104.19M |
| Financing Cash Flow | -15.70M | -16.10M | -16.02M | -15.95M | -15.96M | -231.00K |
Vardhman Holdings Limited Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
68 Neutral | ₹10.84B | 26.88 | ― | ― | 7.32% | ― | |
65 Neutral | ₹9.87B | 5.33 | ― | 0.14% | ― | ― | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
60 Neutral | ₹7.92B | 7.51 | ― | 0.81% | 14.16% | -4.42% | |
58 Neutral | ₹10.98B | 216.68 | ― | 0.28% | 33.81% | -39.04% | |
49 Neutral | ₹7.32B | 57.19 | ― | 0.55% | -3.15% | -15.95% |
* Consumer Defensive Sector Average
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Vardhman Holdings Limited Corporate Events
Vardhman Holdings Publishes December Quarter Results in Newspapers
Feb 11, 2026
Vardhman Holdings Limited notified the stock exchanges that it has published its financial results for the quarter and nine months ended 31 December 2025 in the newspapers Desh Sewak and Financial Express in line with securities listing regulation...
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.