Vardhman Textiles Ltd.
VTLConsumer Discretionary filings
We hold this company’s filings and have not read the financial statements out of them yet. Every filing on record is listed under filings, and each one opens.
Earnings calls
19 transcript(s)/analyst meet(s) served; 0 document(s) on file are not transcripts (cover letters, duplicates, unresolved) and are excluded. Speaker attribution is shown only where the segmenter attributes ≥ 95% of sentences to management or analysts (2 of 19 documents here); elsewhere sentences render unattributed.
| Kind | Date | Period | Served | Attribution rate |
|---|---|---|---|---|
| TRANSCRIPT | 20210615 | 2021-03-31 | yes | |
| TRANSCRIPT | 20220530 | 2022-03-31 | yes | |
| TRANSCRIPT | 20220728 | 2022-06-30 | yes | |
| TRANSCRIPT | 20221105 | 2022-09-30 | yes | |
| TRANSCRIPT | 20230131 | 2022-12-31 | yes | |
| TRANSCRIPT | 20230511 | 2023-03-31 | yes | |
| TRANSCRIPT | 20230814 | 2023-06-30 | yes | |
| TRANSCRIPT | 20231106 | 2023-09-30 | yes | |
| TRANSCRIPT | 20240127 | 2023-12-31 | yes | |
| TRANSCRIPT | 20240513 | 2024-03-31 | yes | |
| TRANSCRIPT | 20240805 | 2024-06-30 | yes | |
| TRANSCRIPT | 20241106 | 2024-09-30 | yes | |
| TRANSCRIPT | 20250125 | 2024-12-31 | yes | |
| TRANSCRIPT | 20250509 | 2025-03-31 | yes | |
| TRANSCRIPT | 20250728 | 2025-06-30 | yes | |
| TRANSCRIPT | 20251029 | 2025-09-30 | yes | |
| TRANSCRIPT | 20260124 | 2025-12-31 | yes | |
| TRANSCRIPT | 20260512 | 2026-03-31 | yes | |
| TRANSCRIPT | 20260803 | 2026-06-30 | yes |
VTL
files the standard Schedule III statements. Every figure below opens to the filing it was read from; where a figure is not shown, the reason is printed in its place.
Identity
| Statement division | general |
| Scope served | consolidated |
| Panels on this page | 4 |
Market
The closes are adjusted for every split and bonus on record inside the period this series covers, and each adjustment is checked against the price move on its ex-date.
| Last close | 563.60 |
| 52-week range | 394.65 – 666.25 |
| Return 1M | -6.28% |
| Return 3M | -11.15% |
| Return 1Y | 35.48% |
| Return 3Y | 44.05% |
| Return 5Y | 56.49% |
| Market capitalisation | not shown — we could not confirm it |
| Shares outstanding | not shown — we could not confirm it |
| P/E | not shown — we could not confirm it |
| P/B | not shown — we could not confirm it |
| EV/EBITDA | not shown — we could not confirm it |
Latest quarter filed — period ending 2026-06-30
In INR crore except per-share figures. `period_id` is the period the filing names for the number; the date beside each cell is when it was filed.
| Revenue from operations | 2,703.00 |
| Other income | 78.00 |
| Total income | 2,781.00 |
| Cost of materials consumed | 1,450.00 |
| Purchases of stock-in-trade | 0.00 |
| Changes in inventories | -34.00 |
| Employee benefit expense | 227.00 |
| Finance costs | 23.00 |
Ownership — 2026-06-30, and the change from 2026-03-31
| Holder | Per cent | Change |
|---|---|---|
| promoter and promoter group | 0.65 | -0.00 |
| institutions foreign | 0.06 | 0.00 |
| institutions domestic | 0.15 | -0.01 |
| mutual funds | 0.12 | -0.02 |
| public | 0.35 | 0.00 |
Documents on file
| Class | Most recent | On file |
|---|---|---|
| TRANSCRIPT | 2026-06-30 | 19 |
Financial statements
Filed results, consolidated, in INR crore except per-share figures. Every figure opens to the filing it was read from. Quarterly and annual columns are the periods the filing itself names, never a document date.
Quarterly results, as filed
| Line | 2022-09-30 | 2022-12-31 | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 2,470.00 | 2,370.00 | 2,486.00 | 2,318.00 | 2,397.00 | 2,330.00 | 2,459.00 | 2,309.00 | 2,502.00 | 2,465.00 | 2,509.00 | 2,386.00 | 2,480.00 | 2,505.00 | 2,498.00 | 2,703.00 |
| Other income | 30.00 | 66.00 | 75.00 | 94.00 | 90.00 | 75.00 | 67.00 | 66.00 | 82.00 | 68.00 | 120.00 | 70.00 | 37.00 | 58.00 | 58.00 | 78.00 |
| Total income | 2,500.00 | 2,437.00 | 2,561.00 | 2,413.00 | 2,487.00 | 2,404.00 | 2,527.00 | 2,375.00 | 2,584.00 | 2,534.00 | 2,629.00 | 2,456.00 | 2,517.00 | 2,564.00 | 2,556.00 | 2,781.00 |
| Cost of materials consumed | 1,440.00 | 1,411.00 | 1,462.00 | 1,406.00 | 1,388.00 | 1,361.00 | 1,341.00 | 1,378.00 | 1,379.00 | 1,323.00 | 1,345.00 | 1,377.00 | 1,353.00 | 1,319.00 | 1,331.00 | 1,450.00 |
| Purchases of stock-in-trade | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.00 | 2.00 | 2.00 | 2.00 | 5.00 | 13.00 | 16.00 | 2.00 | 1.00 | 0.00 |
| Changes in inventories | -42.00 | 82.00 | 67.00 | 13.00 | 58.00 | -30.00 | 56.00 | -167.00 | 38.00 | 47.00 | 47.00 | -82.00 | -10.00 | 108.00 | 18.00 | -34.00 |
| Employee benefit expense | 192.00 | 189.00 | 196.00 | 196.00 | 204.00 | 230.00 | 210.00 | 219.00 | 227.00 | 223.00 | 218.00 | 222.00 | 228.00 | 240.00 | 241.00 | 227.00 |
| Finance costs | 25.00 | 21.00 | 30.00 | 32.00 | 22.00 | 19.00 | 29.00 | 18.00 | 18.00 | 19.00 | 23.00 | 23.00 | 21.00 | 26.00 | 23.00 | 23.00 |
| Depreciation and amortisation | 99.00 | 99.00 | 104.00 | 105.00 | 104.00 | 99.00 | 97.00 | 97.00 | 100.00 | 101.00 | 103.00 | 109.00 | 114.00 | 118.00 | 123.00 | 126.00 |
| Other expenses | 522.00 | 510.00 | 499.00 | 488.00 | 542.00 | 524.00 | 544.00 | 528.00 | 541.00 | 557.00 | 607.00 | 529.00 | 559.00 | 552.00 | 613.00 | 586.00 |
| Total expenses | 2,235.00 | 2,311.00 | 2,358.00 | 2,240.00 | 2,318.00 | 2,204.00 | 2,277.00 | 2,075.00 | 2,305.00 | 2,272.00 | 2,348.00 | 2,192.00 | 2,280.00 | 2,366.00 | 2,350.00 | 2,379.00 |
| Profit before exceptional items and tax | 265.00 | 126.00 | 203.00 | 173.00 | 169.00 | 200.00 | 250.00 | 299.00 | 279.00 | 262.00 | 280.00 | 264.00 | 237.00 | 198.00 | 206.00 | 402.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 265.00 | 126.00 | 203.00 | 173.00 | 169.00 | 200.00 | 250.00 | 299.00 | 279.00 | 262.00 | 280.00 | 264.00 | 237.00 | 198.00 | 206.00 | 402.00 |
| Current tax | 57.00 | 26.00 | 50.00 | 41.00 | 34.00 | 50.00 | 56.00 | 60.00 | 63.00 | 68.00 | 52.00 | 54.00 | 46.00 | 48.00 | 43.00 | 87.00 |
| Deferred tax | 11.00 | 5.00 | 1.00 | 4.00 | 8.00 | -1.00 | 6.00 | 13.00 | 30.00 | -7.00 | 3.00 | 15.00 | 15.00 | -3.00 | -15.00 | 17.00 |
| Tax expense | 68.00 | 31.00 | 51.00 | 45.00 | 42.00 | 50.00 | 62.00 | 72.00 | 93.00 | 61.00 | 55.00 | 68.00 | 61.00 | 45.00 | 27.00 | 104.00 |
| Profit for the period | 207.00 | 105.00 | 160.00 | 137.00 | 136.00 | 162.00 | 202.00 | 240.00 | 197.00 | 212.00 | 238.00 | 208.00 | 188.00 | 168.00 | 189.00 | 315.00 |
| Profit attributable to owners | 205.00 | 102.00 | 159.00 | 136.00 | 134.00 | 160.00 | 201.00 | 238.00 | 197.00 | 211.00 | 237.00 | 207.00 | 187.00 | 166.00 | 185.00 | 310.00 |
| Profit attributable to non-controlling interests | 2.00 | 3.00 | 1.00 | 0.00 | 2.00 | 2.00 | 2.00 | 1.00 | 0.00 | 1.00 | 1.00 | 1.00 | 1.00 | 2.00 | 5.00 | 5.00 |
| Other comprehensive income | 0.00 | 0.00 | 3.00 | -0.00 | -0.00 | -0.00 | 4.00 | 0.00 | 0.00 | 0.00 | 1.00 | -0.00 | 2.00 | 6.00 | -3.00 | -2.00 |
| Total comprehensive income | 207.00 | 105.00 | 163.00 | 137.00 | 136.00 | 162.00 | 206.00 | 240.00 | 197.00 | 212.00 | 239.00 | 208.00 | 189.00 | 174.00 | 186.00 | 312.00 |
| Earnings per share, basic | 7.20 | 3.60 | 5.58 | 4.80 | 4.72 | 5.63 | 7.05 | 8.38 | 6.92 | 7.40 | 8.35 | 7.28 | 6.57 | 5.85 | 6.49 | 10.88 |
| Earnings per share, diluted | 7.20 | 3.60 | 5.58 | 4.80 | 4.72 | 5.63 | 7.05 | 8.38 | 6.92 | 7.40 | 8.35 | 7.28 | 6.57 | 5.85 | 6.49 | 10.86 |
Annual results, as filed
| Line | 2019-03-31 | 2020-03-31 | 2021-03-31 | 2022-03-31 | 2023-03-31 | 2024-03-31 | 2025-03-31 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Revenue from operations | 6,878.00 | 6,735.00 | 6,140.00 | 9,622.00 | 10,137.00 | 9,505.00 | 9,785.00 | 9,869.00 |
| Other income | 223.00 | 174.00 | 202.00 | 225.00 | 192.00 | 326.00 | 336.00 | 223.00 |
| Total income | 7,101.00 | 6,909.00 | 6,341.00 | 9,847.00 | 10,329.00 | 9,831.00 | 10,121.00 | 10,093.00 |
| Cost of materials consumed | 3,574.00 | 3,604.00 | 3,189.00 | 4,964.00 | 5,915.00 | 5,496.00 | 5,426.00 | 5,380.00 |
| Purchases of stock-in-trade | 13.00 | 9.00 | 5.00 | 2.00 | 2.00 | 2.00 | 10.00 | 32.00 |
| Changes in inventories | 9.00 | -58.00 | 67.00 | -406.00 | 13.00 | 96.00 | -35.00 | 34.00 |
| Employee benefit expense | 550.00 | 596.00 | 590.00 | 729.00 | 767.00 | 840.00 | 887.00 | 931.00 |
| Finance costs | 120.00 | 135.00 | 113.00 | 100.00 | 102.00 | 102.00 | 77.00 | 92.00 |
| Depreciation and amortisation | 254.00 | 333.00 | 364.00 | 368.00 | 394.00 | 405.00 | 401.00 | 465.00 |
| Other expenses | 1,538.00 | 1,647.00 | 1,475.00 | 2,059.00 | 2,116.00 | 2,098.00 | 2,233.00 | 2,254.00 |
| Total expenses | 6,058.00 | 6,266.00 | 5,803.00 | 7,816.00 | 9,310.00 | 9,038.00 | 9,000.00 | 9,187.00 |
| Profit before exceptional items and tax | 1,043.00 | 643.00 | 538.00 | 2,031.00 | 1,019.00 | 792.00 | 1,121.00 | 905.00 |
| Exceptional items | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 1,043.00 | 643.00 | 538.00 | 2,031.00 | 1,019.00 | 792.00 | 1,121.00 | 905.00 |
| Current tax | 264.00 | 144.00 | 124.00 | 528.00 | 236.00 | 182.00 | 243.00 | 190.00 |
| Deferred tax | 54.00 | -80.00 | 13.00 | -8.00 | 19.00 | 17.00 | 39.00 | 12.00 |
| Tax expense | 318.00 | 64.00 | 136.00 | 520.00 | 255.00 | 198.00 | 282.00 | 202.00 |
| Profit for the period | 741.00 | 591.00 | 422.00 | 1,551.00 | 805.00 | 637.00 | 887.00 | 753.00 |
| Profit attributable to owners | 731.00 | 578.00 | 410.00 | 1,547.00 | 795.00 | 632.00 | 883.00 | 745.00 |
| Profit attributable to non-controlling interests | 10.00 | 13.00 | 13.00 | 4.00 | 10.00 | 5.00 | 3.00 | 8.00 |
| Other comprehensive income | -1.00 | -4.00 | 5.00 | 7.00 | 3.00 | 4.00 | 1.00 | 4.00 |
| Total comprehensive income | 740.00 | 587.00 | 427.00 | 1,558.00 | 808.00 | 641.00 | 888.00 | 757.00 |
| Earnings per share, basic | 129.45 | 102.22 | 72.52 | 54.58 | 27.96 | 22.20 | 31.05 | 26.18 |
| Earnings per share, diluted | 128.19 | 101.45 | 72.07 | 54.42 | 27.95 | 22.20 | 31.05 | 26.18 |
Balance sheet, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Total assets | 11,119.00 | 11,333.00 | 11,463.00 | 11,981.00 | 11,651.00 | 12,432.00 | 13,153.00 | 13,866.00 |
| Non-current assets | 5,215.00 | 5,548.00 | 5,406.00 | 5,549.00 | 5,700.00 | 6,127.00 | 6,234.00 | 6,892.00 |
| Current assets | 5,903.00 | 5,785.00 | 6,057.00 | 6,432.00 | 5,951.00 | 6,305.00 | 6,918.00 | 6,973.00 |
| Property, plant and equipment | 3,568.00 | 3,933.00 | 3,803.00 | 3,757.00 | 3,701.00 | 4,140.00 | 4,224.00 | 5,084.00 |
| Capital work-in-progress | 415.00 | 51.00 | 37.00 | 61.00 | 271.00 | 252.00 | 873.00 | 586.00 |
| Goodwill | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 | 2.00 |
| Other intangible assets | 1.00 | 2.00 | 1.00 | 10.00 | 8.00 | 8.00 | 7.00 | 8.00 |
| Inventories | 2,321.00 | 2,393.00 | 2,238.00 | 4,180.00 | 2,761.00 | 3,761.00 | 3,773.00 | 3,643.00 |
| Trade receivables | 1,140.00 | 1,191.00 | 1,163.00 | 1,220.00 | 1,205.00 | 1,298.00 | 1,282.00 | 1,306.00 |
| Cash and cash equivalents | 25.00 | 76.00 | 20.00 | 34.00 | 30.00 | 54.00 | 57.00 | 43.00 |
| Total equity and liabilities | 11,119.00 | 11,333.00 | 11,463.00 | 11,981.00 | 11,651.00 | 12,432.00 | 13,153.00 | 13,866.00 |
| Equity | 8,383.00 | 8,652.00 | 8,925.00 | 9,188.00 | 9,510.00 | 9,966.00 | 10,223.00 | 10,588.00 |
| Equity share capital | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 | 57.00 |
| Other equity | 8,184.00 | 8,507.00 | 8,778.00 | 9,043.00 | 9,369.00 | 9,909.00 | 10,098.00 | 10,457.00 |
| Total liabilities | 2,735.00 | 2,681.00 | 2,537.00 | 2,793.00 | 2,141.00 | 2,466.00 | 2,930.00 | 3,278.00 |
| Non-current liabilities | 1,224.00 | 1,236.00 | 1,218.00 | 731.00 | 694.00 | 1,104.00 | 1,613.00 | 1,598.00 |
| Current liabilities | 1,512.00 | 1,445.00 | 1,320.00 | 2,062.00 | 1,446.00 | 1,362.00 | 1,317.00 | 1,680.00 |
| Borrowings, non-current | 924.00 | 931.00 | 904.00 | 413.00 | 335.00 | 749.00 | 1,225.00 | 1,231.00 |
| Borrowings, current | 613.00 | 746.00 | 611.00 | 1,378.00 | 616.00 | 489.00 | 252.00 | 624.00 |
| Trade payables | 430.00 | 360.00 | 365.00 | 358.00 | 420.00 | 497.00 | 547.00 | 497.00 |
Cash flow, as filed
| Line | 2022-09-30 | 2023-03-31 | 2023-09-30 | 2024-03-31 | 2024-09-30 | 2025-03-31 | 2025-09-30 | 2026-03-31 |
|---|---|---|---|---|---|---|---|---|
| Net cash from operating activities | 1,700.00 | 1,853.00 | 579.00 | -1,055.00 | 2,213.00 | 1,644.00 | 716.00 | 1,108.00 |
| Net cash from investing activities | -1,240.00 | -1,445.00 | -419.00 | 1,104.00 | -1,230.00 | -892.00 | -775.00 | -1,516.00 |
| Net cash from financing activities | -502.00 | -399.00 | -216.00 | -90.00 | -987.00 | -733.00 | 63.00 | 398.00 |
| Purchase of property, plant and equipment | 428.00 | 622.00 | 84.00 | 284.00 | 374.00 | 1,033.00 | 926.00 | 1,738.00 |
| Net increase in cash | -42.00 | 9.00 | -56.00 | -41.00 | -4.00 | 19.00 | 4.00 | -10.00 |
| con:CFO.BEFORE_TAX | 1,792.00 | 2,118.00 | 636.00 | -843.00 | 2,312.00 | 1,882.00 | 796.00 | 1,323.00 |
| con:INTEREST_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INTEREST_PAID.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:DIVIDENDS_RECEIVED.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:TAX_PAID.OPERATING | 92.00 | 265.00 | 57.00 | 213.00 | 99.00 | 238.00 | 80.00 | 215.00 |
| con:CF_OTHER.OPERATING | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_PURCHASED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:INVESTMENTS_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:PPE_DISPOSALS | 5.00 | 7.00 | 5.00 | 10.00 | 15.00 | 64.00 | 25.00 | 51.00 |
| con:CF_INVESTING.SUBSIDIARIES_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.SUBSIDIARIES_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_SOLD | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| con:CF_INVESTING.JV_ACQUIRED | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Who owns it
The shareholding pattern filed with the exchange every quarter, as a series. Percentages are of total shares. Each figure names the filing it was read from and the date it was filed.
| Holder | 2023-03-31 | 2023-06-30 | 2023-09-30 | 2023-12-31 | 2024-03-31 | 2024-06-30 | 2024-09-30 | 2024-12-31 | 2025-03-31 | 2025-06-30 | 2025-09-30 | 2025-12-31 | 2026-03-31 | 2026-06-30 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Promoter and promoter group | 63.85 | 64.07 | 64.11 | 64.13 | 64.13 | 64.19 | 64.19 | 64.21 | 64.22 | 64.21 | 0.64 | 0.64 | 0.65 | 0.65 |
| Domestic institutions | 17.01 | 16.96 | 16.70 | 16.84 | 16.54 | 16.66 | 16.60 | 16.71 | 16.73 | 16.58 | 0.16 | 0.16 | 0.16 | 0.15 |
| Mutual funds | — | — | — | — | — | — | — | — | — | 15.09 | 0.15 | 0.15 | 0.14 | 0.12 |
| Insurance companies | 0.76 | 0.78 | 0.70 | 0.65 | 0.61 | 0.64 | 0.65 | 0.61 | 0.61 | 0.62 | 0.01 | 0.01 | 0.01 | 0.01 |
| Foreign institutions | 6.85 | 6.65 | 6.95 | 6.37 | 6.28 | 6.12 | 6.03 | 5.97 | 5.75 | 6.02 | 0.06 | 0.06 | 0.06 | 0.06 |
| Public | 36.15 | 35.93 | 35.89 | 35.87 | 35.87 | 35.81 | 35.81 | 35.79 | 35.78 | 35.79 | 0.36 | 0.36 | 0.35 | 0.35 |
| Non-institutional | 12.30 | 12.32 | 12.24 | 12.66 | 13.04 | 13.04 | 13.19 | 13.11 | 13.30 | 13.18 | 0.14 | 0.14 | 0.13 | 0.14 |
| Shares outstanding | 289127050 | 289130050 | 289142550 | 289174800 | 289174800 | 289174800 | 289174800 | 289174800 | 289174800 | 289226800 | 289227300 | 289237300 | 289281800 | 289475800 |
Related parties
Transactions with related parties as disclosed to the exchange for the period ending 2024-09-30, by counterparty, largest first. Amounts are as filed. Each row names the filing and the date it was filed.
| Counterparty | Relationship | Type | Amount in the period | Transactions |
|---|---|---|---|---|
| Vardhman Acrylics Ltd | SUBSIDIARY | Any other transaction, Purchase of goods or services | 501,300,000.00 | 5 |
| Mahavir Traders | Enterprise over which KMP have sin | Sale of goods or services | 188,600,000.00 | 1 |
| Vardhman Yarns & Threads Ltd | ASSOCIATE | Any other transaction, Purchase of goods or services | 172,600,000.00 | 8 |
| Mr. S.P. Oswal | KMP | Remuneration | 120,900,000.00 | 1 |
| Mr. Neeraj Jain | KMP | Remuneration | 17,600,000.00 | 1 |
| Mrs. Suchita Jain | KMP | Remuneration | 16,300,000.00 | 1 |
| Ms. Sagrika Jain | KMP | Remuneration | 5,500,000.00 | 1 |
| Mr. Rajeev Thapar | KMP | Remuneration | 5,400,000.00 | 1 |
| Vardhman Special Steels Ltd | ASSOCIATE | Any other transaction, Sale of goods or services | 5,300,000.00 | 3 |
| Mr. Vivek Gupta | KMP | Remuneration | 3,300,000.00 | 1 |
| Mr. Bal Krishan Choudhary | KMP | Remuneration | 1,500,000.00 | 1 |
| Mr. Sanjay Gupta | KMP | Remuneration | 1,300,000.00 | 1 |
| Smt. Banarso Devi Oswal Public Charitable Trust | Enterprise over which KMP have sin | Any other transaction | 1,200,000.00 | 1 |
| Mr. Raish Shaikh | KMP | Remuneration | 700,000.00 | 1 |
| Mr. Prafull Anubhai | KMP | Any other transaction | 500,000.00 | 1 |
What management said
Every earnings call we hold for this company, read in full. Prepared remarks are separated from the question-and-answer session and every paragraph names who said it and on which page. These are management’s own words, not filed figures.
| Date | Quarter | Who spoke | |
|---|---|---|---|
| 2026-08-03 | Q1FY27 | VARDHMAN TEXTILES LIMITED | Read the call |
| 2026-05-12 | Q4FY26 | VARDHMAN TEXTILES LIMITED, – VARDHMAN TEXTILES LIMITED | Read the call |
| 2026-01-24 | Q3FY26 | VARDHMAN TEXTILES LIMITED | Read the call |
| 2025-10-29 | Q2FY26 | VARDHMAN TEXTILES LIMITED, – VARDHMAN TEXTILES LIMITED | Read the call |
| 2025-07-28 | Q1FY26 | VARDHMAN TEXTILES LIMITED, – VARDHMAN TEXTILES LIMITED | Read the call |
| 2025-05-09 | Q4FY25 | B&K SECURITIES, INDIA PRIVATE LIMITED, May 05, 2025, TEXTILES LIMITED, UNDERSTAND MONEY, V | Read the call |
| 2025-01-25 | Q3FY25 | LIMITED, VARDHMAN TEXTILES LIMITED | Read the call |
| 2024-11-06 | Q2FY25 | LIMITED, VARDHMAN TEXTILES LIMITED | Read the call |
| 2024-08-05 | Q1FY25 | VARDHMAN TEXTILES LIMITED, – VARDHMAN TEXTILES LIMITED | Read the call |
| 2024-05-13 | Q4FY24 | VARDHMAN TEXTILES LIMITED | Read the call |
| 2024-01-27 | Q3FY24 | VARDHMAN TEXTILES LIMITED | Read the call |
| 2023-11-06 | Q2FY24 | FABRIC, MUKESH | Read the call |
| 2023-08-14 | Q1FY24 | MATERIALS), VARDHMAN TEXTILE LIMITED, VARDHMAN TEXTILE LIMITED | Read the call |
| 2023-05-11 | Q4FY23 | MARKETING, VARDHMAN TEXTILES LIMITED., VARDHMAN TEXTILES LIMITED. | Read the call |
| 2023-01-31 | Q3FY23 | FABRIC, MUKESH | Read the call |
| 2022-11-05 | Q2FY23 | SECURITIES INDIA PRIVATE LIMITED | Read the call |
| 2022-07-28 | Q1FY23 | B&K SECURITIES, CFO,, DIRECTOR, FABRIC, MATERIALS, VARDHMAN TEXTILES LIMITED, MR. VARUN MA | Read the call |
| 2022-05-30 | Q4FY22 | LIMITED, VARDHMAN TEXTILES LIMITED | Read the call |
| 2021-06-15 | Q4FY21 | Read the call |
What they said about it, quarter by quarter
| Topic | Q3FY25 | Q3FY26 | Q4FY21 | Q4FY22 | Q4FY23 | Q4FY24 | Q4FY25 | Q4FY26 |
|---|---|---|---|---|---|---|---|---|
| Capex | You have talked about CAPEX in various conference calls and various phases also you have highlighted all the CAPEX in bits and pieces. | So, the major CAPEX was in the Spinning business on modernization, and one of our small expansions at --- (Inaudible), but the bigger capital expendit… | Sir my second question is with regards to our capex, in the current year we have spent 265 Crores, how much would be replacement maintenance and how m… | And secondly sir on the CAPEX the first phase of expansion in the yarn side is expected to come up by September and then also post that you have annou… | First very obvious question in your opening remarks you have mentioned that you are working at now 100% capacity utilization in spinning division and … | The third is we have announced now some CAPEX. | So last time you mentioned you are currently incurring almost CAPEX plus OPEX because modernization is also there, close to Rs.3,000-odd crores. | So second on our capacities in between we have taken or Vardhman has taken a very big capex plans. |
| Capital allocation | — | — | So, my question is when management thinks about new capexes, how do they think about to gain back that money back to shareholders through buyback or d… | — | No, it doesn’t make much of a difference nowadays between Greenfield or the Brownfield unless there is some cost in terms of land acquisition etc. is … | — | — | — |
| Costs | MR. SUSHIL JHAMB - DIRECTOR (RAW MATERIALS), | MR. SUSHIL JHAMB – DIRECTOR (RAW MATERIALS), | Sir, my question is on the inventory side, inventories are aroundRs.2500 Crores, can you give the detail of the raw material and finished goods, numbe… | MR. SUSHIL JHAMB – DIRECTOR (RAW MATERIALS), | MR. SUSHIL JHAMB – DIRECTOR OF RAW MATERIALS, | MR. SUSHIL JHAMB – DIRECTOR (RAW MATERIALS), | MR. SUSHIL JHAMB - DIRECTOR (RAW MATERIALS), | MR. SUSHIL JHAMB – DIRECTOR, RAW MATERIALS – |
| Debt and cash | — | — | — | So, will you be able to help us with the gross and net debt numbers as on March 22? | We do not have any working capital debt as such, so it’s most of the debt which is there in the book is the long term debt which is the debenture as w… | In addition to that, whatever the working capital, that generally will take about 50%, 60% of that as well. | — | — |
| Demand | If overall demand improves much better than the existing demand. | Domestic demand remains soft, while exports showed selective improvement, largely driven by specific product categories. | You have given us clear sense of production, capacity utilization and basically, if I have to interpret what you are saying correctly then some combin… | At present the markets were opening, all schools, offices were opening so there was good demand of woven fabric in this period which was a lull in bet… | 3rd Quarter had been one of our worst quarter because of the utilization, very high cotton prices, slow demand and so and so on. | In terms of utilization of the spinning in India, our expectation or our feeling estimation is that it's in the range of about 70%, 72%, and there is … | As for fabric, there was good demand from the markets all around. | And also since the utilization is better, the overall demand of the yarn is also better. |
| Guidance | That's all going as per schedule only and we expect that within this calendar year, maybe by November, December, this CAPEX will get completed. | How do we expect it to get utilized over a period of time? | I am just curious given what you are seeing in a cotton market right now and there are various factors of playing over the Gujarat cyclone in May have… | So, at this point in time will we be able to have a CAPEX guidance for FY23-24, no right? | Any new thought on your CAPEX plan, anything you can guide on that? | And we expect most of the spinning modernization of the project should be completed, I think, by March, April '25, April, May '25, so one year from to… | But on a very ballpark number, can we expect 1-2 percentage point gains on the fabric side or even that is tough? | — |
| Margin | Sir, my first question is on the margin front. | January 21, 2026 But if I look at it from the New York Future or a Brazilian cotton available to a Vietnamese, today, as on today, they would be touch… | I had a question few on the margin side. | As a result of that the spinning industry came under pressure and if you go by the marginal cost of raw cotton and the marginal sale of yarn, there is… | So, one is the overall demand in the utilization, second is the margin which I will talk a little later. | And margin wise, it will be similar to our company margin? | So that’s the direction the company has taken where we are trying to look at more of these products where you can enhance your margin, and to that ext… | Congratulations, management team, on decent performance with gross margin expansion. |
| People | And in terms of capacity utilization in fabric, how much it is and how we can look at our export opportunities in fabric going forward? | As a result, margins remain under pressure despite stable utilization. | Where the spinning utilization is full and the fabric utilization will be in the range of about 75% or so. | Third since there is a shortage of cotton especially in India so that is why people are still buying some quantity so they are no millers reduced thei… | So, in terms of utilization on the spinning business, we were better. | On the fabric side, things continue to be better, and we are still utilizing all our 100% utilization. | And if we look at the capacity utilization, country as a whole, there seems definitely almost 15% to 18% capacity has been stocked in the last two yea… | So all the people who are supplying either yarn or fabric to the garment exporter, they were also under a difficult situation, either on account of lo… |
| Pricing | Yarn prices get established based on the New York Futures that anyone who is getting a cotton that's in Vietnam or in Bangladesh or in Indonesia what … | — | Sir, and also recently in the newspapers it came that for Sintex Industry Vardhman Textiles was also bidder, but it backed out, so could you share wit… | So, both the fibers are catching well in the Indian domestic market because of the pricing range and spinner wants to utilizing capacity so I think bo… | And whenever they come up with new models, they will keep improving their pricing also, because they will be bringing in more and more features also i… | Last few years, we have seen very different scenarios where we didn't cover the cotton because of quality, because of the pricing. | — | So both the logic we’ve been giving, one is on the cost pricing that are we should be competitive. |
| Revenue growth | Even the green power I don't think there's any top line increase will happen. | — | So I do not think that the turnover may increase because of this 200 Crores, 264 Crores but yes this will support the business that in terms of whatev… | — | — | May 10, 2024 spindles and the fabric, the overall top line may increase by about 500 crores, 700 crores only, so which means on a CAPEX of 2,000 crore… | So that’s not likely to give any top line increase. | — |
What they said they would do
Sentences in which management set an expectation. Each names the speaker and the page of the transcript it came from.
| Date | Quarter | Who | What they said |
|---|---|---|---|
| 2022-07-28 | Q1FY23 | VARDHMAN TEXTILES LIMITED | The rains are adequate in all the cotton areas and there's likely to be about 5% to 6% area growth this year for the sowing and since the rains are reasonably okay in most parts of the country, especially in the cotton growing areas, there would be a yield improvement also. |
| 2022-07-28 | Q1FY23 | VARDHMAN TEXTILES LIMITED | But at the same time, we are looking at, though, we have stopped 8% or 10% spindles in last one month or so, but we have also looked at wherever possible, how to shift capacity on the alternate products, which might not be giving us the margin, but at the same time, at least, we should be in a position to cover our fixed costs. |
| 2025-05-09 | Q4FY25 | May 05, 2025 | But on a very ballpark number, can we expect 1-2 percentage point gains on the fabric side or even that is tough? |
| 2025-07-28 | Q1FY26 | VARDHMAN TEXTILES LIMITED | July 22, 2025 expansion on the spinning stage where we feel as and when it comes in, we should be in a position to utilize it 100% the market comes in. |
| 2025-10-29 | Q2FY26 | VARDHMAN TEXTILES LIMITED | So, it's not only the -- as a country we expect almost 3 million bales will be coming in this period of October, November, December, which will be almost 10% of our total consumption of India. |
| 2026-05-12 | Q4FY26 | VARDHMAN TEXTILES LIMITED | Two, since on the Indian side, the Indian crop size is not likely to be more than 29 million bales. |