- Total income
- ₹10,203 Cr
- Profit
- ₹883 Cr
About Vardhman
Vardhman is a publicly listed company based in Ludhiana (India) founded in 1965. Textile products including yarns, fabrics, and threads are manufactured. It operates on a Direct-to-Consumer (D2C) and Reseller / Distribution model. The company has 3 employees. Its chief executive, as recorded, is Paul Oswal. Its website vardhman.com draws about 24 thousand monthly visits. Its Indian entity Vardhman Holdings Limited reported revenue of βΉ33.41 Cr. Vardhman offers products and services including Yarns, Fabrics, Garments, Acrylic Fibers, and Special Steels. Its focus areas include Textiles, Textile Manufacturing, Yarns and Fabrics and Industrial Goods.
Company details
Vardhman is established as Indias leading vertically integrated textile manufacturer, operating multiple production facilities across the country. The company is engaged in the production of yarns, fabrics, garments, acrylic fibers, and special steels. Its operations are structured to ensure consistency, reliability, and sustainability in the textile and industrial sectors. Solutions are provided with a focus on flexibility for customization and traceability for transparency. The business also caters to automotive and engineering industries through its special steels division. A commitment to environmental and social impact is maintained through a sustainability framework.
Vardhman is ranked #260 on the Fortune India 500 (2025).
Recognitions & Rankings of Vardhman
- Valuation
- ₹15,320 Cr
- Headquarters Ludhiana, India
- Employees 3
- Stage Public
- SectorsIndustrial Goods & Manufacturing
- Phoneβ’β’β’β’ β’β’β’β’
- Website vardhman.com
- Social LinkedIn Facebook Instagram YouTube
- Legal Name Vardhman Holdings Limited
- Market Cap₹1,151 Cr
VHL · NSE
- Share Price₹3,569.10
-1.06% today
- Revenue₹12.24 Cr
FY 2025-26 · -46.3% YoY
- EBITDA₹10.26 Cr
Margin 83.8%
- Net Profit₹216 Cr
FY 2025-26 · -16.3% YoY
- P/E (TTM)4.8x
P/B 0.3x
- ROE5.9%
ROCE 6.3%
- Latest Funding Round$5M (USD), Post-IPO
Jul 2013
- Investors
- Employee Count3
Associated legal entities of Vardhman
Vardhman operates through Vardhman Holdings Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2019) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Vardhman Holdings Limited Listed CIN L17111PB1962PLC002463 | Active | 27 Dec 1962 | Ludhiana, Punjab | ₹33.4 Cr | 10 | View details |
Products & Services of Vardhman
Vardhman offers a comprehensive portfolio of products and services, including Yarns, Fabrics, Garments, Acrylic Fibers, and Special Steels.
Yarns are produced with high daily manufacturing capacity.
Fabrics are manufactured as a key revenue contributor.
Garments are crafted focusing on quality and comfort.
Acrylic fibers are produced under the VARLAN brand.
Special steels are supplied for automotive and engineering.
Apps and channels of Vardhman
its YouTube channel Vardhman Textiles has 2.01K subscribers and 30 videos.
Videos from Vardhman
The most watched videos on Vardhman's YouTube channel, Vardhman Textiles (2.01K subscribers). Click a video to play it here.
More on Vardhman Textiles.
Funding Insights of Vardhman
- Total Rounds 2
- Last Round Post-IPO β $5M
- Investors Count 1
All 2 funding rounds of Vardhman with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2013 | $5M | Post-IPO | β | β | |
| Dec 2010 | Post-IPO | β | β |
1 investors in total: 1 institutional.
Investors in Vardhman
Vardhman has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Baring Private Equity Partners.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Private equity firm focusing on buyouts and investments in multiple sectors | 1998 | bpepindia.com | Mumbai, India |
Investor details for Vardhman
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Vardhman Holdings Limited (Vardhman)
Vardhman Holdings Limited is the primary company behind Vardhman. The board of Vardhman Holdings Limited currently have 8 directors; the longest-serving is Shri Paul Oswal, appointed in 1971. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Shri Paul Oswal DIN 00121737 | Managing Director | 12 Apr 1971 | 55 yrs 6 mo | Vardhman Holdings Limited |
| Sachit Jain DIN 00746409 | Director | 30 Mar 2005 | 21 yrs 6 mo | Vardhman Holdings Limited |
| Suchita Jain DIN 00746471 | Director | 30 Mar 2005 | 21 yrs 6 mo | Vardhman Holdings Limited |
| Vikas Kumar DIN 07650988 | Director | 11 Nov 2016 | 9 yrs 11 mo | Vardhman Holdings Limited |
| Devendrabhushan Jain DIN 06911676 | Director | 29 Sep 2022 | 4 yrs | Vardhman Holdings Limited |
| Manjul Pahwa DIN 08249236 | Director | 29 Sep 2022 | 4 yrs | Vardhman Holdings Limited |
| Anila Nair DIN 11225724 | Director | 05 Aug 2025 | 1 yr 2 mo | Vardhman Holdings Limited |
| Parampal Singh DIN 07995388 | Director | 05 Aug 2025 | 1 yr 2 mo | Vardhman Holdings Limited |
People of Vardhman
78 people are tracked at Vardhman (18 in leadership, 60 in team); the tracked headcount is 3.
| Name | Role | Group |
|---|---|---|
Nitesh Oswal | Owner | Leadership |
| CEO | Leadership | |
Arvind Mishra | Head Production Planning And Control | Leadership |
Milind Tikkas | Head Of Department (design Department) | Leadership |
Sukhmaninder Singh | Chief Manager | Leadership |
Gurinder Singh Walia | Ludhiana Branch Head | Leadership |
| Chairman and Managing Director | Leadership | |
Manish Kr Goel | VICE President Sales Marketing | Leadership |
Vasant Bisen | Vice President (domestic Yarn Marketing) | Leadership |
Selvam Ramasamy | Head Of Marketing | Leadership |
Sumit Aggarwal | Business & Unit Head | Leadership |
Gaurav Daid | Head Of Section | Leadership |
Vivek Gupta | Sr. Vice President (commercial) | Leadership |
Rajan Jindal | Vice President Raw Materials Sourcing | Leadership |
Sagrika Jain | Executive Director | Leadership |
Samita Chandel | Head Of Human Resources | Leadership |
Tarun Arora | Chief Manager HR & IR | Leadership |
Kapil Kumar | MIS & Costing Head At Vardhman - Fabric Business | Leadership |
Saddam Sutar | Senior Officer | Team |
Deepak Ameta | Senior Manager - International Marketing & Sales (craft Yarns) | Team |
58 more people are available in the full profile.
Complete people profiles for Vardhman
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
IPO & Listings of Vardhman
Vardhman is a publicly listed company on the NSE with ticker symbol VHL in India, operating in the Finance sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date30 Jun 2005
- Listed onNSE: VHL
- Listed entityVardhman Holdings Limited
- Exchange sectorFinance
- ISININE701A01023
- Share price₹3,709.90 (+2.54% on the day) · 2026-10-14
- Market capitalisation₹1,155 Cr
- Price to earnings4.7
- EPS (diluted, trailing year)₹788.12
- Dividend yield0.14%
- Volume (last session)1,007
Financials of Vardhman
Exchange-reported figures of Vardhman Holdings Limited, the listed company behind Vardhman (NSE: VHL).
Financial Highlights
FY 2025-26 Β· ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 12.24 | 22.78 | 14.90 | 5.88 | 33.09 | 19.79 | 12.44 |
| Revenue growth | -46.3% | +52.9% | +153.4% | -82.2% | +67.2% | +59.1% | - |
| EBITDA | 10.26 | 16.60 | 10.56 | 1.51 | 30.06 | 17.61 | 6.55 |
| EBITDA margin | +83.8% | +72.9% | +70.9% | +25.7% | +90.8% | +89.0% | +52.7% |
| Profit before tax | 229 | 273 | 194 | 225 | 459 | 133 | 161 |
| Net profit | 216 | 258 | 185 | 228 | 429 | 130 | 160 |
| Net profit margin | +1764.8% | +1132.6% | +1240.8% | +3884.7% | +1296.7% | +654.5% | +1283.9% |
| EPS (βΉ) | 676.65 | 808.18 | 579.13 | 715.55 | 1,344.06 | 405.69 | 500.30 |
| Balance sheet | |||||||
| Total assets | 3,766 | 3,540 | 3,297 | 3,100 | 2,777 | 2,306 | 2,126 |
| Net worth | 3,766 | 3,540 | 3,297 | 3,100 | 2,777 | 2,306 | 2,126 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 1.50 | 1.52 | 3.83 | 4.01 | 2.74 | 76.49 | 4.81 |
| Net working capital | 7.49 | 7.24 | 13.47 | 13.17 | 11.61 | 96.69 | 104 |
| Cash flow | |||||||
| Cash from operations | (5.75) | (5.50) | (2.89) | 1.28 | (4.99) | 82.14 | (94.57) |
| Cash from investing | 7.28 | 4.75 | 4.39 | 2.05 | (68.59) | (10.42) | 98.95 |
| Cash from financing | (1.60) | (1.60) | (1.60) | (1.59) | (1.60) | (0.02) | (1.92) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.83 | 0.33 | 5.76 | 2.75 | 3.41 | 2.20 | 6.57 | 7.40 |
| Revenue growth (YoY) | +217.6% | -85.0% | -12.3% | -62.8% | -48.3% | - | - | - |
| Other income | 90.26 | 54.02 | 49.62 | 55.10 | 60.37 | 68.93 | 61.16 | 57.21 |
| EBITDA | 10.08 | (0.52) | 5.25 | 2.39 | 3.09 | 1.22 | 5.18 | 4.88 |
| EBITDA margin | +93.1% | -157.6% | +91.1% | +86.9% | +90.6% | +55.5% | +78.8% | +65.9% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Interest | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 100 | 53.45 | 54.87 | 57.49 | 63.46 | 70.15 | 66.33 | 62.09 |
| Tax | 2.26 | (0.17) | 1.16 | 11.37 | 0.88 | 0.42 | 0.57 | 12.71 |
| Net profit | 98.08 | 53.62 | 53.71 | 46.12 | 62.58 | 69.73 | 65.76 | 49.38 |
| EPS (βΉ) | 307.27 | 167.97 | 168.28 | 144.50 | 196.08 | 218.51 | 206.02 | 154.73 |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 53.96 | 56.11 | 43.98 | 5.88 | 115 | 19.79 | 39.24 |
| Revenue growth | -3.8% | +27.6% | +648.0% | -94.9% | +481.0% | -49.6% | - |
| EBITDA | 51.98 | 49.93 | 39.64 | 1.51 | 112 | 17.61 | 33.35 |
| EBITDA margin | +96.3% | +89.0% | +90.1% | +25.7% | +97.4% | +89.0% | +85.0% |
| Profit before tax | 53.74 | 51.78 | 42.10 | 3.38 | 114 | 18.76 | 34.63 |
| Net profit | 40.50 | 36.81 | 32.74 | 6.89 | 83.36 | 15.06 | 33.30 |
| Net profit margin | +75.1% | +65.6% | +74.4% | +117.2% | +72.5% | +76.1% | +84.9% |
| EPS (βΉ) | 126.84 | 115.30 | 102.58 | 21.62 | 261.11 | 47.14 | 104.30 |
| Balance sheet | |||||||
| Total assets | 986 | 940 | 921 | 877 | 794 | 669 | 603 |
| Net worth | 986 | 940 | 921 | 877 | 794 | 669 | 603 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank | 1.50 | 1.52 | 3.83 | 4.01 | 2.74 | 76.49 | 4.81 |
| Net working capital | 7.49 | 7.24 | 13.47 | 13.17 | 11.61 | 96.69 | 104 |
| Cash flow | |||||||
| Cash from operations | 35.97 | 27.84 | 26.19 | 1.28 | 76.89 | 82.14 | (67.77) |
| Cash from investing | (34.44) | (28.59) | (24.69) | 2.05 | (150) | (10.42) | 72.15 |
| Cash from financing | (1.60) | (1.60) | (1.60) | (1.59) | (1.60) | (0.02) | (1.92) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.83 | 0.33 | 5.75 | 44.47 | 3.41 | 2.20 | 6.57 | 40.74 |
| Revenue growth (YoY) | +217.6% | -85.0% | -12.5% | +9.2% | -48.3% | - | - | - |
| Other income | 0.51 | 0.48 | 0.47 | 0.47 | 0.45 | 0.48 | 0.46 | 0.48 |
| Total expenses | 0.75 | 0.85 | 0.50 | 0.36 | 0.32 | 0.98 | 1.40 | 2.52 |
| EBITDA | 10.08 | (0.52) | 5.25 | 44.11 | 3.09 | 1.22 | 5.17 | 38.22 |
| EBITDA margin | +93.1% | -157.6% | +91.3% | +99.2% | +90.6% | +55.5% | +78.7% | +93.8% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Interest | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 10.59 | (0.09) | 5.72 | 44.58 | 3.54 | 1.70 | 5.62 | 38.70 |
| Tax | 2.26 | (0.17) | 1.16 | 11.37 | 0.88 | 0.42 | 0.57 | 12.71 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.83 | 0.33 | 5.76 | 2.75 | 3.41 | 2.20 | 6.57 | 7.40 |
| Revenue growth (YoY) | +217.6% | -85.0% | -12.3% | -62.8% | -48.3% | - | - | - |
| Other income | 90.26 | 54.02 | 49.62 | 55.10 | 60.37 | 68.93 | 61.16 | 57.21 |
| EBITDA | 10.08 | (0.52) | 5.25 | 2.39 | 3.09 | 1.22 | 5.18 | 4.88 |
| EBITDA margin | +93.1% | -157.6% | +91.1% | +86.9% | +90.6% | +55.5% | +78.8% | +65.9% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Interest | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 100 | 53.45 | 54.87 | 57.49 | 63.46 | 70.15 | 66.33 | 62.09 |
| Tax | 2.26 | (0.17) | 1.16 | 11.37 | 0.88 | 0.42 | 0.57 | 12.71 |
| Net profit | 98.08 | 53.62 | 53.71 | 46.12 | 62.58 | 69.73 | 65.76 | 49.38 |
| EPS (βΉ) | 307.27 | 167.97 | 168.28 | 144.50 | 196.08 | 218.51 | 206.02 | 154.73 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 12.24 | 22.78 | 14.90 | 5.88 | 33.09 | 19.79 | 12.44 |
| Revenue growth | -46.3% | +52.9% | +153.4% | -82.2% | +67.2% | +59.1% | - |
| Other income | 219 | 256 | 184 | 223 | 429 | 116 | 155 |
| Total expenses | 1.98 | 6.18 | 4.34 | 4.37 | 3.03 | 2.18 | 5.89 |
| Employee cost | 0.74 | 0.62 | 0.48 | 1.25 | 0.82 | 0.56 | 0.54 |
| EBITDA | 10.26 | 16.60 | 10.56 | 1.51 | 30.06 | 17.61 | 6.55 |
| EBITDA margin | +83.8% | +72.9% | +70.9% | +25.7% | +90.8% | +89.0% | +52.7% |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0.09 | 0.00 | 0.00 | 0.00 | 0.04 | 0.09 | 0.09 |
| Profit before tax | 229 | 273 | 194 | 225 | 459 | 133 | 161 |
| Tax | 13.24 | 14.97 | 9.36 | (3.51) | 30.39 | 3.70 | 1.33 |
| Net profit | 216 | 258 | 185 | 228 | 429 | 130 | 160 |
| Net profit margin | +1764.8% | +1132.6% | +1240.8% | +3884.7% | +1296.7% | +654.5% | +1283.9% |
| EPS (βΉ) | 676.65 | 808.18 | 579.13 | 715.55 | 1,344.06 | 405.69 | 500.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 |
| Reserves & surplus | 3,762 | 3,537 | 3,294 | 3,096 | 2,774 | 2,303 | 2,122 |
| Shareholders' funds (net worth) | 3,766 | 3,540 | 3,297 | 3,100 | 2,777 | 2,306 | 2,126 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 3,766 | 3,540 | 3,297 | 3,100 | 2,777 | 2,306 | 2,126 |
| Assets | |||||||
| Gross block | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 |
| Net block | 3.18 | 3.19 | 3.19 | 3.20 | 3.21 | 3.21 | 3.22 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 3,758 | 3,528 | 3,270 | 3,065 | 2,738 | 2,167 | 1,979 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 1.50 | 1.52 | 3.83 | 4.01 | 2.74 | 76.49 | 4.81 |
| Loans & advances | 6.53 | 6.25 | 10.23 | 10.26 | 9.55 | 21.74 | 103 |
| Total current assets | 8.03 | 7.77 | 14.06 | 14.27 | 12.29 | 98.23 | 108 |
| Total current liabilities | 0.54 | 0.53 | 0.59 | 1.10 | 0.68 | 1.54 | 4.08 |
| Net working capital | 7.49 | 7.24 | 13.47 | 13.17 | 11.61 | 96.69 | 104 |
| Total assets | 3,766 | 3,540 | 3,297 | 3,100 | 2,777 | 2,306 | 2,126 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.49 | 2.85 | 2.95 | 1.21 | 76.39 | 4.69 | 2.22 |
| Net cash from operating activities | (5.75) | (5.50) | (2.89) | 1.28 | (4.99) | 82.14 | (94.57) |
| Net cash from investing activities | 7.28 | 4.75 | 4.39 | 2.05 | (68.59) | (10.42) | 98.95 |
| Net cash from financing activities | (1.60) | (1.60) | (1.60) | (1.59) | (1.60) | (0.02) | (1.92) |
| Net change in cash | (0.07) | (2.36) | (0.10) | 1.74 | (75.18) | 71.70 | 2.47 |
| Closing cash | 1.50 | 1.52 | 3.83 | 4.01 | 2.74 | 76.49 | 4.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -46.3% | +52.9% | +153.4% | -82.2% | +67.2% | +59.1% | - |
| EBITDA growth | -38.2% | +57.2% | +599.3% | -95.0% | +70.7% | +168.9% | - |
| PBT growth | -16.0% | +40.5% | -13.6% | -51.1% | +244.9% | -17.3% | -20.3% |
| Net income growth | -16.3% | +39.6% | -19.1% | -46.8% | +231.3% | -18.9% | - |
| Revenue CAGR (3Y) | +27.7% | -11.7% | -9.0% | -22.1% | +54.1% | -10.8% | -43.9% |
| EBITDA CAGR (3Y) | +89.4% | -18.0% | -15.7% | -38.7% | +70.0% | -10.6% | -54.2% |
| Profitability & leverage | |||||||
| Net income margin | +1764.8% | +1132.6% | +1240.8% | +3884.7% | +1296.7% | +654.5% | +1283.9% |
| Return on capital employed | +6.3% | +8.0% | +6.1% | +7.7% | +18.1% | +6.0% | +7.8% |
| Return on net worth | +5.9% | +7.6% | +5.8% | +7.8% | +16.9% | +5.9% | +7.8% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.88 | 0.00 | 0.00 | 0.00 | 0.13 | 0.51 | 1.38 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 71.18 | 85.90 | 61.10 | 70.55 | 142.32 | 41.69 | 52.94 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (βΉ) | 676.65 | 808.18 | 579.13 | 715.55 | 1,344.06 | 405.69 | 500.30 |
| Dividend per share (βΉ) | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 0.00 |
| Book value per share (βΉ) | 11,795.78 | 11,090.29 | 10,328.20 | 9,709.30 | 8,698.27 | 7,222.76 | 6,658.56 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 10.83 | 0.33 | 5.75 | 44.47 | 3.41 | 2.20 | 6.57 | 40.74 |
| Revenue growth (YoY) | +217.6% | -85.0% | -12.5% | +9.2% | -48.3% | - | - | - |
| Other income | 0.51 | 0.48 | 0.47 | 0.47 | 0.45 | 0.48 | 0.46 | 0.48 |
| Total expenses | 0.75 | 0.85 | 0.50 | 0.36 | 0.32 | 0.98 | 1.40 | 2.52 |
| EBITDA | 10.08 | (0.52) | 5.25 | 44.11 | 3.09 | 1.22 | 5.17 | 38.22 |
| EBITDA margin | +93.1% | -157.6% | +91.3% | +99.2% | +90.6% | +55.5% | +78.7% | +93.8% |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Interest | 0.00 | 0.05 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Profit before tax | 10.59 | (0.09) | 5.72 | 44.58 | 3.54 | 1.70 | 5.62 | 38.70 |
| Tax | 2.26 | (0.17) | 1.16 | 11.37 | 0.88 | 0.42 | 0.57 | 12.71 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 53.96 | 56.11 | 43.98 | 5.88 | 115 | 19.79 | 39.24 |
| Revenue growth | -3.8% | +27.6% | +648.0% | -94.9% | +481.0% | -49.6% | - |
| Other income | 1.86 | 1.86 | 2.47 | 1.88 | 1.85 | 1.25 | 1.38 |
| Total expenses | 1.98 | 6.18 | 4.34 | 4.37 | 3.03 | 2.18 | 5.89 |
| Employee cost | 0.74 | 0.62 | 0.48 | 1.25 | 0.82 | 0.56 | 0.54 |
| EBITDA | 51.98 | 49.93 | 39.64 | 1.51 | 112 | 17.61 | 33.35 |
| EBITDA margin | +96.3% | +89.0% | +90.1% | +25.7% | +97.4% | +89.0% | +85.0% |
| Depreciation | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Interest | 0.09 | 0.00 | 0.00 | 0.00 | 0.04 | 0.09 | 0.09 |
| Profit before tax | 53.74 | 51.78 | 42.10 | 3.38 | 114 | 18.76 | 34.63 |
| Tax | 13.24 | 14.97 | 9.36 | (3.51) | 30.39 | 3.70 | 1.33 |
| Net profit | 40.50 | 36.81 | 32.74 | 6.89 | 83.36 | 15.06 | 33.30 |
| Net profit margin | +75.1% | +65.6% | +74.4% | +117.2% | +72.5% | +76.1% | +84.9% |
| EPS (βΉ) | 126.84 | 115.30 | 102.58 | 21.62 | 261.11 | 47.14 | 104.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 | 3.19 |
| Reserves & surplus | 983 | 937 | 918 | 874 | 791 | 666 | 600 |
| Shareholders' funds (net worth) | 986 | 940 | 921 | 877 | 794 | 669 | 603 |
| Secured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total liabilities | 986 | 940 | 921 | 877 | 794 | 669 | 603 |
| Assets | |||||||
| Gross block | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 | 3.25 |
| Net block | 3.18 | 3.19 | 3.19 | 3.20 | 3.21 | 3.21 | 3.22 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 978 | 928 | 893 | 842 | 755 | 530 | 457 |
| Inventories | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Sundry debtors | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Cash & bank balances | 1.50 | 1.52 | 3.83 | 4.01 | 2.74 | 76.49 | 4.81 |
| Loans & advances | 6.53 | 6.25 | 10.23 | 10.26 | 9.55 | 21.74 | 103 |
| Total current assets | 8.03 | 7.77 | 14.06 | 14.27 | 12.29 | 98.23 | 108 |
| Total current liabilities | 0.54 | 0.53 | 0.59 | 1.10 | 0.68 | 1.54 | 4.08 |
| Net working capital | 7.49 | 7.24 | 13.47 | 13.17 | 11.61 | 96.69 | 104 |
| Total assets | 986 | 940 | 921 | 877 | 794 | 669 | 603 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.49 | 2.85 | 2.95 | 1.21 | 76.39 | 4.69 | 2.22 |
| Net cash from operating activities | 35.97 | 27.84 | 26.19 | 1.28 | 76.89 | 82.14 | (67.77) |
| Net cash from investing activities | (34.44) | (28.59) | (24.69) | 2.05 | (150) | (10.42) | 72.15 |
| Net cash from financing activities | (1.60) | (1.60) | (1.60) | (1.59) | (1.60) | (0.02) | (1.92) |
| Net change in cash | (0.07) | (2.36) | (0.10) | 1.74 | (75.18) | 71.70 | 2.47 |
| Closing cash | 1.50 | 1.52 | 3.83 | 4.01 | 2.74 | 76.49 | 4.81 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -3.8% | +27.6% | +648.0% | -94.9% | +481.0% | -49.6% | - |
| EBITDA growth | +4.1% | +26.0% | +2525.2% | -98.7% | +535.7% | -47.2% | - |
| PBT growth | +3.8% | +23.0% | +1145.6% | -97.0% | +506.3% | -45.8% | +13.8% |
| Net income growth | +10.0% | +12.4% | +375.2% | -91.7% | +453.5% | -54.8% | - |
| Revenue CAGR (3Y) | +109.4% | -21.3% | +30.5% | -46.9% | +53.1% | -26.2% | -40.8% |
| EBITDA CAGR (3Y) | +225.3% | -23.6% | +31.1% | -64.4% | +56.7% | -27.5% | -43.7% |
| Profitability & leverage | |||||||
| Net income margin | +75.1% | +65.6% | +74.4% | +117.2% | +72.5% | +76.1% | +84.9% |
| Return on capital employed | +5.6% | +5.6% | +4.7% | +0.4% | +15.6% | +3.0% | +5.8% |
| Return on net worth | +4.2% | +4.0% | +3.6% | +0.8% | +11.4% | +2.4% | +5.5% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 0.17 | 0.00 | 0.00 | 0.00 | 0.04 | 0.51 | 0.27 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 17.18 | 17.84 | 14.29 | 2.39 | 35.95 | 6.47 | 12.87 |
| Inventory turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Debtors turnover | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| EPS (βΉ) | 126.84 | 115.30 | 102.58 | 21.62 | 261.11 | 47.14 | 104.30 |
| Dividend per share (βΉ) | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 5.00 | 0.00 |
| Book value per share (βΉ) | 3,088.32 | 2,945.79 | 2,885.06 | 2,746.84 | 2,488.33 | 2,095.76 | 1,890.11 |
Timeline of Vardhman
4 dated milestones of Vardhman across 48 years, from founding to its latest funding, stage changes and deals.
- Founded Vardhman is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round.
- Funding Latest funding round, Post-IPO, of $5.0M.
Web traffic of Vardhman
The website of Vardhman (vardhman.com) receives about 23.5K visits a month.
- Monthly visits23.5K
▲ 27.8% vs previous month
Websites whose visitors overlap most with Vardhman. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| vardhmanthreads.com | 100% | 13.6K | #1,515,543 | View details | |
| uster.com | 84% | 20.8K | #1,485,674 | View details | |
gangaacrowools.com | gangaacrowools.com | 80% | #1,198,814 | β | |
concepttextile.com | concepttextile.com | 80% | β | ||
| eurovistaa.com | 79% | View details | |||
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
| β’β’β’β’β’β’β’β’β’β’ | β’β’β’β’β’β’.com | β’β’% | β’.β’M | #β’β’β’β’β’ | β |
All 13 similar websites and full traffic analytics for Vardhman
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- 13 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
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Top companies in Textile & Yarn Production
3 companies that operate in the same segment as Vardhman (Textile & Yarn Production) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Bicycle manufacturing, sales, and accessory services in India. | 1956 | Gurugram, Haryana, India | USD 246.88 M | 2,472 | ||
Fabrics, synthetic yarns, viscose, chemicals, and linen products are manufactured. | 1947 | Ujjain, Madhya Pradesh, India | USD 18.65 B | 47,020 | ||
Home textile products are manufactured, retailed, and distributed globally. | 1985 | Bengaluru, Karnataka, India | USD 253.24 M | 8,060 |
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Related news about Vardhman
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Articles about Vardhman on our blog
- Top 6 Textile Companies in India in 202017 Sep 2020
Frequently Asked Questions about Vardhman
Vardhman was founded in 1965 and raised its 1st funding round 45 years after it was founded.
Vardhman is headquartered in Ludhiana, India. It is registered at Ludhiana, Punjab, India.
Paul Oswal is the CEO of Vardhman, as recorded in our data.
Vardhman has 3 employees.
The primary company behind Vardhman, Vardhman Holdings Limited, reported revenue of βΉ33.41 Cr for FY 2019, down 83% year on year.
Vardhman is established as Indias leading vertically integrated textile manufacturer, operating multiple production facilities across the country. The company is engaged in the production of yarns, fabrics, garments, acrylic fibers, and special steels. Its operations are structured to ensure consistency, reliability, and sustainability in the textile and industrial sectors. Solutions are provided with a focus on flexibility for customization and traceability for transparency. The business also caters to automotive and engineering industries through its special steels division. A commitment to environmental and social impact is maintained through a sustainability framework.
Vardhman offers Yarns, Fabrics, Garments, Acrylic Fibers, and Special Steels.
Yes, Vardhman is publicly traded on NSE under the ticker symbol VHL.
Vardhman has 1 investor. Key investors include Baring Private Equity Partners.
Vardhman operates through Vardhman Holdings Limited.
The legal entities of Vardhman currently have 10 directors, including Vikas Kumar, Sachit Jain, Poorva Bhatia and others.

