Vardhman Textiles Limited (IN:VTL)
:VTL
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Vardhman Textiles Limited
(VTL)
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Rating:66Neutral
Price Target:
₹627.00
▲(47.32% Upside)
Action:Reiterated
Date:05/09/26
Overall score reflects stable fundamentals with low leverage and renewed revenue momentum, offset by inconsistent cash generation (including negative free cash flow in 2026) and profit volatility. Technicals are supportive with a positive longer-term trend, while valuation is only average with a low dividend yield.
Positive Factors
Conservative balance sheet
Low leverage and steady equity growth provide a structural financial cushion for a cyclical textiles business. Conservatively levered balance sheet supports capital expenditure, working-capital swings and access to credit through downturns, enabling durable operational continuity and strategic investment.
Negative Factors
Uneven cash generation
Intermittent negative free cash flow undermines durable cash-generation credibility. Repeated FCF weakness constrains organic funding for capex, working capital and dividends, increasing reliance on external financing and limiting flexibility during textile-cycle downturns or capex needs.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative balance sheet
Low leverage and steady equity growth provide a structural financial cushion for a cyclical textiles business. Conservatively levered balance sheet supports capital expenditure, working-capital swings and access to credit through downturns, enabling durable operational continuity and strategic investment.
Read all positive factors
Vardhman Textiles Limited (VTL) vs. iShares MSCI India ETF (INDA)
Market Cap
₹172.24B
Dividend Yield1.13%
Average Volume (3M)50.55K
Price to Earnings (P/E)20.0
Beta (1Y)0.78
Revenue Growth0.86%
EPS Growth-15.59%
CountryIN
Employees24,929
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)29.60
Shares Outstanding289,281,800
10 Day Avg. Volume12,830
30 Day Avg. Volume50,547
Financial Highlights & Ratios
PEG Ratio-1.28
Price to Book (P/B)1.42
Price to Sales (P/S)1.51
P/FCF Ratio-23.67
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)32.8
Revenue Forecast (FY)₹108.03B
Vardhman Textiles Limited Business Overview & Revenue Model
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 ...
How the Company Makes Money
VTL primarily makes money by manufacturing textile products and selling them to downstream customers (such as garment manufacturers, brands, retailers, and other fabric/yarn users) in India and export markets. Its key revenue streams typically inc...
Vardhman Textiles Limited Financial Statement Overview
Summary
Income Statement
68
Positive
Balance Sheet
78
Positive
Cash Flow
52
Neutral
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 98.40B | 98.69B | 97.85B | 95.05B | 101.37B | 96.22B |
| Gross Profit | 37.19B | 44.23B | 40.42B | 35.73B | 39.11B | 47.98B |
| EBITDA | 13.42B | 15.12B | 13.20B | 10.37B | 13.81B | 23.11B |
| Net Income | 8.42B | 7.45B | 8.83B | 6.32B | 7.95B | 15.47B |
Balance Sheet | ||||||
| Total Assets | 131.53B | 138.66B | 124.32B | 119.81B | 113.33B | 109.79B |
| Cash, Cash Equivalents and Short-Term Investments | 11.46B | 10.90B | 5.52B | 2.80B | 15.15B | 7.23B |
| Total Debt | 14.79B | 18.55B | 12.39B | 17.91B | 16.78B | 19.88B |
| Total Liabilities | 29.30B | 32.78B | 24.66B | 27.93B | 26.81B | 31.38B |
| Stockholders Equity | 101.55B | 105.14B | 98.96B | 91.00B | 85.63B | 77.04B |
Cash Flow | ||||||
| Free Cash Flow | -2.10B | -6.30B | 6.11B | -13.39B | 12.31B | 9.26B |
| Operating Cash Flow | 7.16B | 11.08B | 16.44B | -10.55B | 18.53B | 14.45B |
| Investing Cash Flow | -7.75B | -15.16B | -8.92B | 11.04B | -14.45B | -8.99B |
| Financing Cash Flow | 631.90M | 3.98B | -7.33B | -897.10M | -3.99B | -5.71B |
Vardhman Textiles Limited Technical Analysis
Positive
425.60
Price Trends
566.54
Positive
515.14
Positive
470.34
Positive
Market Momentum
12.87
Positive
57.62
Neutral
59.31
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VTL, the sentiment is Positive. The current price of 425.6 is below the 20-day moving average (MA) of 603.21, below the 50-day MA of 566.54, and below the 200-day MA of 470.34, indicating a bullish trend. The MACD of 12.87 indicates Positive momentum. The RSI at 57.62 is Neutral, neither overbought nor oversold. The STOCH value of 59.31 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VTL.
Vardhman Textiles Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | ₹172.24B | 20.00 | ― | 1.13% | 0.86% | -15.59% | |
63 Neutral | ₹7.44B | 19.45 | ― | 0.78% | 33.77% | 14.17% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
54 Neutral | ₹9.09B | -13.61 | ― | 0.51% | -1.48% | ― | |
51 Neutral | ₹7.41B | 10.94 | ― | ― | -5.63% | ― | |
48 Neutral | ₹7.09B | -241.19 | ― | 6.20% | 106.83% | ― |
* Consumer Cyclical Sector Average
IN:VTL
Vardhman Textiles Limited
613.75
106.70
21.04%
IN:GLOSTERLTD
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630.25
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IN:NAHARSPING
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256.00
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IN:RSWM
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156.35
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-8.67%
IN:RUBYMILLS
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6.89%
IN:SANATHAN
Sanathan Textiles Limited
410.50
-46.45
-10.17%
Vardhman Textiles Limited Corporate Events
Vardhman Textiles Dematerializes 6,345 Equity Shares for April 2026
May 2, 2026
Vardhman Textiles Limited has reported to Indian stock exchanges that 6,345 equity shares were dematerialized in April 2026 under Securities and Exchange Board of India regulations. Following verification of the relevant share certificates, the ph...
Vardhman Group Opens One-Year SEBI-Mandated Window for Legacy Physical Share Transfers
Apr 30, 2026
Vardhman Textiles Limited has notified shareholders that, in line with a recent Securities and Exchange Board of India circular, it is opening a special one-year window from 5 February 2026 to 4 February 2027 to facilitate the transfer and demater...
Vardhman Textiles Closes Insider Trading Window Ahead of FY26 Results
Mar 30, 2026
Vardhman Textiles Limited has announced that its trading window will be closed from 1 April 2026 until 48 hours after the announcement of its audited financial results for the year ended 31 March 2026. The move, made in compliance with SEBI’...
Vardhman Textiles Dematerialises 21,195 Shares in February 2026
Mar 9, 2026
Vardhman Textiles Limited has reported the dematerialisation of 21,195 equity shares for the month of February 2026, in compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. Following due verification, the...
Vardhman Textiles Allots 44,500 Shares Under ESOP 2024
Mar 5, 2026
Vardhman Textiles Limited has allotted 44,500 equity shares of face value Rs. 2 each to eligible employees who exercised options under the Vardhman Textiles Limited Employee Stock Option Plan, 2024. The new shares, approved by the Committee of Dir...
Vardhman Textiles Starts Commercial Production at New Technical Textiles Plant
Mar 1, 2026
Vardhman Textiles Limited has commenced commercial production at its new Technical Textiles plant in Baddi, Himachal Pradesh, which is designed to produce 1.5 million metres of fabric per month. The launch marks the execution of a previously annou...
Vardhman Textiles Opens One-Year Special Window for Legacy Physical Share Transfers
Feb 20, 2026
Vardhman Textiles Limited has announced, via a newspaper notice, the opening of a one-year special window from February 5, 2026 to February 4, 2027 to facilitate the transfer and dematerialisation of physical shares that were sold or purchased pri...
Vardhman Textiles Publishes Postal Ballot Notice to Shareholders
Feb 10, 2026
Vardhman Textiles Limited has notified the stock exchanges that it has published a postal ballot notice in the newspapers Business Standard and Desh Sewak on February 10, 2026, in line with securities listing and disclosure regulations. The disclo...
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.