Vardhman Textiles Limited

BSE: 502986 NSE: VTL
Vardhman Textiles Limited - manufacturing in Ludhiana, Punjab, India. FY 2026 financials & compliance.
CIN L17111PB1973PLC003345 Incorporated 08 October 1973 ROC Chandigarh HQ Ludhiana, Punjab, India
Active Listed - NSE: VTL · BSE: 502986 Public Limited Company manufacturing Fortune India 500 · #260 Nifty 500
Data last updated
Market Cap
₹14,396 Cr
VTL · NSE
Share Price
₹486.15
-2.21% today
Revenue
₹9,869 Cr
FY 2025-26 · +0.9% YoY
EBITDA
₹1,239 Cr
Margin 12.6%
Net Profit
₹699 Cr
FY 2025-26 · -15.6% YoY
P/E (TTM)
17.3x
P/B 1.4x
ROE
7.4%
ROCE 8.9%
Debt / Equity
0.15
Interest cover 11.9x

About Vardhman Textiles Limited

Data last updated:

Vardhman Textiles Limited is a public limited company based in Ludhiana, Punjab, India. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 08 October 1973 and has been in existence for over 53 years.

Vardhman Textiles is ranked #260 on the Fortune India 500 (2025). It is part of the Nifty 500 and BSE 500 indices. Its director SP Oswal is #428 among India's richest people (2026).

The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN L17111PB1973PLC003345. Its GSTIN is 03AABCM4692E1ZP (Punjab). The company holds 21 GST registrations, of which 6 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 502986 and NSE: VTL.

The company has an authorised share capital of ₹177 Cr and a paid-up capital of ₹57.92 Cr. It was formerly known as Mahavir Spg. Mills Ltd. It is led by directors including Neeraj Jain (Managing Director) and Shri Paul Oswal (Managing Director).

Its last annual general meeting (AGM) was held on 17 September 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Chandigarh Road Ludhiana, Punjab, India – 141010.

As per the latest consolidated financials for FY 2025-26, the company reported a revenue of ₹9,869.05 Cr, a growth of 0.9% compared to the previous year. For the same year it recorded a net profit of ₹699.14 Cr (net margin 7.1%) and EBITDA of ₹1,238.61 Cr (EBITDA margin 12.6%). The net worth stands at ₹10,514 Cr (up 6.2% YoY). Total assets are valued at ₹12,475 Cr (up 11% YoY).

The company has about 9,799 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.

The company is associated with 1 brand: Vardhman. As per MCA filings, the company has open charges of ₹3,780 Cr and satisfied charges of ₹8,966.46 Cr on record. Court records list 202 cases involving the company, including 131 filed by the company and 71 filed against it; 57 cases are pending. The company has 33 deals on record (19 market trades, 12 secondary share transfers, 1 debt financing), with disclosed funding of ₹150 Cr; the latest was in April 2025. Its 7 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 3 larger and 4 smaller; the largest is Grasim Industries Ltd with revenue of ₹1,49,937 Cr.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vardhman.com.

Company details

CIN L17111PB1973PLC003345
Registration Number 003345
Incorporation Date 08 October 1973
ROC Chandigarh
Listing Status Listed - Listed on NSE (VTL); Listed on BSE (502986)
Company Status Active
Date of Last AGM 17 September 2026
Date of Balance Sheet 31 March 2026
Compliance Status Active Compliant

CIN history

Vardhman Textiles has one previous CIN (Corporate Identification Number): U17111PB1973PLC003345. The current CIN is L17111PB1973PLC003345, which is the unique identifier assigned by the Registrar of Companies.

CINStatus
L17111PB1973PLC003345Current
U17111PB1973PLC003345Previous
Key People
Neeraj Jain Managing Director Shri Paul Oswal Managing Director Suchita Jain Managing Director

Recognitions & Rankings of Vardhman Textiles

Fortune India 500 2025 edition
Rank#260
Total income
₹10,203 Cr
Profit
₹883 Cr
Last year #251
India's Most Valuable Companies 2024 edition · Source: Hurun India
Rank#363
Valuation
₹15,320 Cr
2023 #370 2022 #340 2021 #291
India's Richest People 2026 edition · 1 director · Source: Hurun India
Stock market indices
Nifty 500 BSE 500

Contact details

Vardhman Textiles Limited's registered office is in Ludhiana, Punjab. Its website is vardhman.com. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Website
    vardhman.com
  • Registered Address
    Chandigarh Road Ludhiana, Punjab, India – 141010
  • Industry
    Manufacturing, Textile & Fabric Production

To see the full contact details of Vardhman Textiles Limited, buy the company report.

Comprehensive company report
Vardhman Textiles Limited - one report that includes everything
  • Company details, directors and signatories
  • Historical financials and ratios
  • Shareholding pattern and group structure
  • Charges with holder and property details
  • Legal cases, compliance and MCA filings
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Brands

Vardhman Textiles operates one associated brand: Vardhman. Each brand links to its own profile.

BrandDescriptionWebsite
Vardhman
Textile products including yarns, fabrics, and threads are manufactured.vardhman.com

Business activity

The main business activity of Vardhman Textiles is manufacturing. In detail, this covers textile, leather and other apparel products.

Main activity group codeMain activityBusiness activity codeBusiness activityShare of turnover
CManufacturingC2Textile, leather and other apparel products

To see the full business activity and turnover split of Vardhman Textiles Limited, buy the company report.

Financials of Vardhman Textiles Limited

FY 2025-26 filings available

Vardhman Textiles Limited reported revenue of ₹9,869.05 Cr (up 0.9% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹9,869 Cr
+0.9% YoY
EBITDA
₹1,239 Cr
-1.9% YoY
Profit After Tax
₹699 Cr
-15.6% YoY
Net Worth
₹10,514 Cr
+6.2% YoY
Total Assets
₹12,475 Cr
+11.0% YoY
Total Debt
₹1,855 Cr
+49.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue9,8699,7859,50510,1379,6226,1406,735
Revenue growth+0.9%+3.0%-6.2%+5.4%+56.7%-8.8%-
EBITDA1,2391,2639731,3242,274814937
EBITDA margin+12.6%+12.9%+10.2%+13.1%+23.6%+13.3%+13.9%
Profit before tax9551,1688351,0602,071559655
Net profit6998286267921,543414574
Net profit margin+7.1%+8.5%+6.6%+7.8%+16.0%+6.7%+8.5%
EPS (₹)26.1931.0522.2027.9554.4273.26102.18
Balance sheet
Total assets12,47511,23611,01210,3669,8628,7718,429
Net worth10,5149,8969,1008,5637,7046,4686,048
Total debt1,8551,2381,7911,6781,9832,1322,221
Cash & bank83.3589.0287.79374122212280
Net working capital4,9124,9695,5213,9454,3674,1063,629
Cash flow
Cash from operations1,1081,644(1,055)1,8531,445168849
Cash from investing(1,516)(892)1,104(1,445)(899)(116)(379)
Cash from financing398(733)(89.71)(399)(571)(174)(296)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,7032,4982,5052,4802,3862,5092,4652,502
Revenue growth (YoY)+13.3%-0.4%+1.6%-0.9%+3.3%---
Other income93.8968.3273.8149.0582.3613379.4092.82
EBITDA474294284334326287313315
EBITDA margin+17.5%+11.8%+11.3%+13.5%+13.7%+11.4%+12.7%+12.6%
Depreciation12612311811410910310199.64
Interest23.1323.1926.2120.5622.5322.9218.7917.80
Profit before tax418217214249276293273291
Tax10427.3545.1261.0368.4355.2660.7793.21
Net profit315189168188208238212197
EPS (₹)10.886.495.856.577.288.357.406.92
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue9,6529,5879,2999,8419,3865,9266,325
Revenue growth+0.7%+3.1%-5.5%+4.8%+58.4%-6.3%-
EBITDA1,2191,2579581,2852,262767883
EBITDA margin+12.6%+13.1%+10.3%+13.1%+24.1%+12.9%+14.0%
Profit before tax9401,1507919872,186484603
Net profit6948255627171,654339512
Net profit margin+7.2%+8.6%+6.0%+7.3%+17.6%+5.7%+8.1%
EPS (₹)25.5830.4021.0125.9158.0763.7194.83
Balance sheet
Total assets12,07510,84710,62710,0079,5798,3077,901
Net worth10,1889,5788,8058,2947,5396,1395,666
Total debt1,8551,2381,7901,6771,9802,1322,197
Cash & bank77.1184.7483.7037011671.32152
Net working capital4,8964,9655,4963,9254,3573,9513,404
Cash flow
Cash from operations1,1021,619(1,062)1,8151,430115851
Cash from investing(1,514)(870)1,107(1,406)(883)(31.09)(462)
Cash from financing399(730)(86.04)(397)(521)(199)(278)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,6482,4412,4522,4172,3422,4582,4042,455
Revenue growth (YoY)+13.1%-0.7%+2.0%-1.5%+3.2%---
Other income72.5071.6281.3650.6971.7512072.71110
Total expenses2,1932,1582,1742,0852,0172,1702,0942,140
EBITDA456283278333326288310315
EBITDA margin+17.2%+11.6%+11.3%+13.8%+13.9%+11.7%+12.9%+12.8%
Depreciation12612211811310910310098.89
Interest23.0823.1926.1320.5422.4922.8118.7617.74
Profit before tax380209216249266282264309
Tax94.4630.1145.9559.8664.4353.1260.3188.96

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 31 Oct 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,7032,4982,5052,4802,3862,5092,4652,502
Revenue growth (YoY)+13.3%-0.4%+1.6%-0.9%+3.3%---
Other income93.8968.3273.8149.0582.3613379.4092.82
EBITDA474294284334326287313315
EBITDA margin+17.5%+11.8%+11.3%+13.5%+13.7%+11.4%+12.7%+12.6%
Depreciation12612311811410910310199.64
Interest23.1323.1926.2120.5622.5322.9218.7917.80
Profit before tax418217214249276293273291
Tax10427.3545.1261.0368.4355.2660.7793.21
Net profit315189168188208238212197
EPS (₹)10.886.495.856.577.288.357.406.92
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue9,8699,7859,50510,1379,6226,1406,735
Revenue growth+0.9%+3.0%-6.2%+5.4%+56.7%-8.8%-
Other income274384369232264222187
Total expenses8,6308,5228,5318,8147,3485,3265,798
Employee cost931887840767729590596
EBITDA1,2391,2639731,3242,274814937
EBITDA margin+12.6%+12.9%+10.2%+13.1%+23.6%+13.3%+13.9%
Depreciation465401405394368364333
Interest92.4977.2810210299.72113135
Profit before tax9551,1688351,0602,071559655
Tax20228219825552013264.50
Net profit6998286267921,543414574
Net profit margin+7.1%+8.5%+6.6%+7.8%+16.0%+6.7%+8.5%
EPS (₹)26.1931.0522.2027.9554.4273.26102.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital56.9256.9056.9056.8956.8456.5656.52
Reserves & surplus10,4579,8399,0438,5067,6466,4065,991
Shareholders' funds (net worth)10,5149,8969,1008,5637,7046,4686,048
Minority interest74.0569.6287.9188.52138133121
Secured loans1,8351,2131,7701,5271,7802,4162,162
Unsecured loans20.1824.8321.76151203(284)58.59
Total debt1,8551,2381,7911,6781,9832,1322,221
Total liabilities12,47511,23611,01210,3669,8628,7718,429
Assets
Gross block8,8267,4666,7346,5135,6845,3645,104
Net block5,0944,1503,7693,9373,4943,5293,628
Capital work in progress58625260.7951.0224177.96142
Investments1,8281,8441,6992,5491,6911,0751,145
Inventories3,6463,7634,1822,3952,8842,8012,683
Sundry debtors1,3061,2981,2201,1911,3211,039821
Cash & bank balances83.3589.0287.79374122212280
Loans & advances935694718686910648528
Total current assets5,9705,8436,2084,6465,2364,7004,312
Total current liabilities1,058874686701869593683
Net working capital4,9124,9695,5213,9454,3674,1063,629
Total assets12,47511,23611,01210,3669,8628,7718,429
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash53.5634.3075.6066.6392.6421540.05
Net cash from operating activities1,1081,644(1,055)1,8531,445168849
Net cash from investing activities(1,516)(892)1,104(1,445)(899)(116)(379)
Net cash from financing activities398(733)(89.71)(399)(571)(174)(296)
Net change in cash(10.26)19.26(41.30)8.97(26.01)(122)175
Closing cash83.3589.0287.79374122212280
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+0.9%+3.0%-6.2%+5.4%+56.7%-8.8%-
EBITDA growth-1.9%+29.8%-26.5%-41.8%+179.4%-13.2%-
PBT growth-18.2%+39.9%-21.2%-48.8%+270.5%-14.7%-38.1%
Net income growth-15.6%+32.3%-21.0%-48.7%+272.8%-27.9%-
Revenue CAGR (3Y)-0.9%+0.6%+15.7%+14.6%+11.8%-0.6%+3.8%
EBITDA CAGR (3Y)-2.2%-17.8%+6.1%+12.2%+24.0%-3.4%-7.9%
Profitability & leverage
Net income margin+7.6%+9.1%+6.7%+7.9%+16.1%+7.0%+8.8%
Return on capital employed+8.9%+11.3%+8.8%+11.6%+23.6%+7.9%+9.8%
Return on net worth+7.4%+9.3%+7.2%+9.9%+21.9%+6.8%+10.2%
Debt / equity0.150.160.200.230.290.350.39
Long-term debt / equity0.100.060.080.110.180.230.20
Interest cover11.958.9717.9910.995.2325.1822.39
Efficiency & per share
Fixed asset turnover1.211.381.441.661.741.171.42
Inventory turnover2.662.462.893.843.392.242.54
Debtors turnover7.587.777.888.078.166.608.29
EPS (₹)26.1931.0522.2027.9554.4273.26102.18
Dividend per share (₹)5.005.004.003.5034.0017.500.00
Book value per share (₹)369.42347.84319.86301.05271.021,142.621,070.04
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue2,6482,4412,4522,4172,3422,4582,4042,455
Revenue growth (YoY)+13.1%-0.7%+2.0%-1.5%+3.2%---
Other income72.5071.6281.3650.6971.7512072.71110
Total expenses2,1932,1582,1742,0852,0172,1702,0942,140
EBITDA456283278333326288310315
EBITDA margin+17.2%+11.6%+11.3%+13.8%+13.9%+11.7%+12.9%+12.8%
Depreciation12612211811310910310098.89
Interest23.0823.1926.1320.5422.4922.8118.7617.74
Profit before tax380209216249266282264309
Tax94.4630.1145.9559.8664.4353.1260.3188.96
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue9,6529,5879,2999,8419,3865,9266,325
Revenue growth+0.7%+3.1%-5.5%+4.8%+58.4%-6.3%-
Other income275367334193385188172
Total expenses8,4338,3308,3408,5567,1245,1595,442
Employee cost909868821750714575551
EBITDA1,2191,2579581,2852,262767883
EBITDA margin+12.6%+13.1%+10.3%+13.1%+24.1%+12.9%+14.0%
Depreciation462398399389362358319
Interest92.3577.0210210299.53113133
Profit before tax9401,1507919872,186484603
Tax20027118323850811757.52
Net profit6948255627171,654339512
Net profit margin+7.2%+8.6%+6.0%+7.3%+17.6%+5.7%+8.1%
EPS (₹)25.5830.4021.0125.9158.0763.7194.83
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital57.8557.8357.8357.8257.7757.5657.52
Reserves & surplus10,1309,5208,7478,2367,4806,0755,609
Shareholders' funds (net worth)10,1889,5788,8058,2947,5396,1395,666
Secured loans1,8351,2131,7681,5271,9802,1322,140
Unsecured loans20.1824.8321.761500.170.1657.17
Total debt1,8551,2381,7901,6771,9802,1322,197
Total liabilities12,07510,84710,62710,0079,5798,3077,901
Assets
Gross block8,7197,3646,6356,4195,5935,2764,890
Net block5,0324,0903,7113,8803,4363,4683,481
Capital work in progress58625260.7847.0924177.75139
Investments1,4661,4761,3622,2471,4588131,031
Inventories3,5823,6824,1072,3122,8072,7362,506
Sundry debtors1,2951,2891,2051,1791,3111,024795
Cash & bank balances77.1184.7483.7037011671.32152
Loans & advances919683711675891634552
Total current assets5,8735,7396,1074,5375,1244,4654,005
Total current liabilities977774611612767514601
Net working capital4,8964,9655,4963,9254,3573,9513,404
Total assets12,07510,84710,62710,0079,5798,3077,901
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash52.1133.0074.6662.0636.0515137.43
Net cash from operating activities1,1021,619(1,062)1,8151,430115851
Net cash from investing activities(1,514)(870)1,107(1,406)(883)(31.09)(462)
Net cash from financing activities399(730)(86.04)(397)(521)(199)(278)
Net change in cash(12.36)19.11(41.66)12.6026.01(114)111
Closing cash77.1184.7483.7037011671.32152
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+0.7%+3.1%-5.5%+4.8%+58.4%-6.3%-
EBITDA growth-3.0%+31.2%-25.4%-43.2%+194.9%-13.1%-
PBT growth-18.2%+45.4%-19.9%-54.8%+351.6%-19.7%-39.1%
Net income growth-15.8%+46.8%-21.7%-56.7%+387.7%-33.8%-
Revenue CAGR (3Y)-0.6%+0.7%+16.2%+15.9%+13.5%+0.4%+3.6%
EBITDA CAGR (3Y)-1.7%-17.8%+7.7%+13.3%+26.0%-3.7%-7.9%
Profitability & leverage
Net income margin+7.7%+9.2%+6.5%+7.6%+17.9%+6.2%+8.6%
Return on capital employed+9.0%+11.4%+8.7%+11.1%+25.6%+7.4%+9.5%
Return on net worth+7.5%+9.6%+7.1%+9.5%+24.5%+6.2%+10.0%
Debt / equity0.160.160.200.230.300.370.41
Long-term debt / equity0.100.060.080.120.160.220.21
Interest cover12.198.9618.2311.375.2427.6023.52
Efficiency & per share
Fixed asset turnover1.201.371.421.641.731.171.40
Inventory turnover2.662.462.903.843.392.262.56
Debtors turnover7.477.697.807.918.046.528.12
EPS (₹)25.5830.4021.0125.9158.0763.7194.83
Dividend per share (₹)5.005.004.003.5034.0017.500.00
Book value per share (₹)352.21331.24304.51286.89260.961,065.48985.09

To see the full year-wise statements and ratios of Vardhman Textiles Limited, buy the company report.

Board of directors of Vardhman Textiles Limited

Vardhman Textiles has 12 current directors and 23 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Harpreet Kang
Also directs: Sportking India Limited
Director06 Feb 20197 Years 8 MonthsCurrent
Udeypaul Singh Gill
Also directs: Rossari Biotech Limited, Banswara Syntex Ltd, Nirvrt Consultancy Private Limited
Director22 Jan 20224 Years 9 MonthsCurrent
Sagrika VirWhole-Time Director06 Aug 20224 Years 2 MonthsCurrent
Neeraj Jain
Also directs: Vardhman Spinning and General Mills Limited, Vardhman Apparels Limited, Oswal Castings Private Limited and 1 more
Managing Director01 Apr 20260 Years 7 MonthsCurrent
Shri Paul Oswal
Also directs: Adishwar Enterprises LLP, Vardhman Holdings Limited, Vardhman Acrylics Limited and 5 more
Managing Director08 Oct 197353 Years 0 MonthsCurrent
Suchita Jain
Also directs: Vardhman Holdings Limited, Vardhman Acrylics Limited, Mahavir Spinning Mills Private Limited and 5 more
Managing Director29 Jan 201016 Years 9 MonthsCurrent
Showing 6 of 12 current directors. View all directors

Peer comparison

Vardhman Textiles Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Grasim Industries Ltd₹1,49,937 Cr (FY 2025)13.0%Ujjain, Madhya Pradesh, India
SRF Limited₹14,826 Cr (FY 2025)12.0%New Delhi, Delhi, India
Bhilosa Industries Private Limited₹13,021 Cr (FY 2025)20.0%Dadra and Nagar Haveli, India
Vardhman Textiles Limitedthis company₹9,869.05 Cr (FY 2026)₹699.14 Cr7.1%0.9%9,799Ludhiana, Punjab, India
Shahi Exports Private Limited₹9,363.49 Cr (FY 2024)-8.0%New Delhi, Delhi, India
Arvind Limited₹8,394 Cr (FY 2025)8.0%Ahmedabad, Gujarat, India
Trident Limited₹7,047.23 Cr (FY 2025)3.0%Barnala, Punjab, India
Swan Corp Limited₹6,883.68 Cr (FY 2025)35.0%Mumbai, Maharashtra, India

To see the full peer comparison of Vardhman Textiles Limited, buy the company report.

Auditor

Vardhman Textiles Limited is audited by Deloitte Haskins & Sells LLP for the financial year 2023.

Auditor firmFinancial yearFirm registration number
Deloitte Haskins & Sells LLPFY 2023117366W/W-100018

Shareholding

Shareholding for the quarter ended Sep 2026: promoters hold 65.10%, foreign institutional investors hold 6.10%, domestic institutional investors hold 14.70% and retail and other public shareholders hold 14.20%.

Promoters: 65.10%DII (Domestic Institutional): 14.70%FII (Foreign Institutional): 6.10%Retail & Others: 14.20%
Sep 2026
QUARTER
65.10% Promoters
14.70% DII (Domestic Institutional)
6.10% FII (Foreign Institutional)
14.20% Retail & Others
Promoter holding - history
Now 65.10% · Sep 2026High 65.10% · Jun 2026Low 64.20% · Dec 2025
63%64%65%66%67%Dec 2025Mar 2026Jun 2026Sep 2026Dec 2025: 64.20%Mar 2026: 64.40%Jun 2026: 65.10%Sep 2026: 65.10%65.10%64.20%65.10%
Shareholding trend - last 6 quarters
Sep 2026Jun 2026Mar 2026Dec 2025
Promoters65.10%65.10%64.40%64.20%
Public34.90%34.90%35.60%35.80%

Charges & borrowings

Open charges
₹3,780 Cr
Satisfied charges
₹8,966.46 Cr
Breakdown by lending institutions
State Bank of India₹2,150.00 Cr
Others₹1,350.00 Cr
Hdfc Bank Limited₹280.00 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
26 Sep 2025101166697Others₹350 CrOpen
17 Dec 2024101022886Others₹250 CrOpen
06 Dec 2024101017628Others₹600 CrOpen
27 Aug 2021100478346Hdfc Bank Limited₹280 CrOpen
10 Jul 2021100464459Others₹150 CrOpen

To see the full charge records of Vardhman Textiles Limited, buy the company report.

Total charge records: 177 View all charges

Deals & funding

Vardhman Textiles Limited has 33 deals on record (19 market trades, 12 secondary share transfers, 1 debt financing), with disclosed funding of ₹150 Cr; the latest was in April 2025.

Total deals
33
Market trades
19
Secondary share transfers
12
Debt financing
1
QIP
1
Disclosed funding
₹150 Cr

Deals on record (5 of 33)

WhenDealAmountParties
Apr 2025Market trade₹68.91 CrBuyer: Graviton Research Capital LLP
Seller: Graviton Research Capital LLP
Mar 2023Debt financing₹150 Cr
Oct 2022Market trade₹35.29 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Oct 2022Market trade₹16.56 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company
Sep 2022Market trade₹21.55 CrBuyer: Ishares Msci India Small-Cap Etf, an individual
Seller: Ishares Core Emerging Markets Mauritius Co, Ishares India Sc Mauritius Company

To see the full deal history of Vardhman Textiles Limited, buy the company report.

Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Credit ratings & regulatory alerts

Vardhman Textiles Limited was last rated by Indiarating on 21 Dec 2022.

Rating agencyRated onRating
Indiarating21 Dec 2022

To see the full credit ratings and regulatory alerts of Vardhman Textiles Limited, buy the company report.

MSME payment delays

No delayed payments to MSME suppliers are on our record for Vardhman Textiles Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

Group structure & subsidiaries

Vardhman Textiles has 2 subsidiary companies and 3 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.

2
Subsidiary companies
3
Associated companies
Key subsidiaries
Company NameCINShares held
Vardhman Acrylics LimitedL51491PB1990PLC019212
VTL Investments LimitedU17231PB1994PLC014256

To see the full group structure of Vardhman Textiles Limited, buy the company report.

Employees & EPFO

Vardhman Textiles Limited has a workforce of 9,799 employees on its EPFO records as of Mar 31, 2024, across 5 active EPFO establishments.

Employee count
9,799
Active EPFO establishments
5
Employee growth
0.38%

GST

Vardhman Textiles has 21 GST registrations: 6 active and 15 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
21
Active
6
Cancelled / inactive
15
GSTINStateStatusRegistered on
03AABCM4692E1ZPPunjabActive01 Jul 2017
02AABCM4692E1ZRHimachal PradeshActive01 Jul 2017
07AABCM4692E1ZHDelhiActive01 Jul 2017
23AABCM4692E2ZMMadhya PradeshActive01 Jul 2017

To see the full GST registrations and return filing status of Vardhman Textiles Limited, buy the company report.

Recent activity

Vardhman Textiles Limited has 54 board changes on record since 1973: 34 appointments and 20 cessations. The latest: Neeraj Jain was appointed as Managing Director on 01 Apr 2026.

AGM
Vardhman Textiles Limited last Annual general meeting of members was held on 17 Sep 2026 as per latest MCA records.
Charges
A charge with Others of Rs. 350.00 Cr registered on 26 Sep 2025 with Charge ID 101166697 was modified on 29 Apr 2026.
Appointed
Neeraj Jain was appointed as Managing Director.
Filing
Vardhman Textiles Limited has filed its annual Financial statements for the year ended 31 Mar 2026 with Roc Chandigarh.
Charges
A charge with Others amounted to Rs. 350.00 Cr with Charge ID 101166697 was registered on 26 Sep 2025.
Charges
A charge registered on 04 May 2019 via Charge ID 100260901 with Hdfc Bank Limited was fully satisfied on 02 Aug 2025.
Charges
A charge with Others of Rs. 250.00 Cr registered on 17 Dec 2024 with Charge ID 101022886 was modified on 09 Jul 2025.
Charges
A charge with Others of Rs. 600.00 Cr registered on 06 Dec 2024 with Charge ID 101017628 was modified on 09 Jul 2025.
Charges
A charge registered on 05 Sep 2020 via Charge ID 100373348 with Hdfc Bank Limited was fully satisfied on 09 Jul 2025.
Appointed
Arvind Sahay was appointed as Director.
Appointed
Soumya Jain was appointed as Director.
Charges
A charge registered on 08 Jan 2019 via Charge ID 100233445 with Axis Bank Limited was fully satisfied on 29 Mar 2025.

526 earlier events are in the company report.

News

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Frequently asked questions

Vardhman Textiles is an active public limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 08 October 1973 (53+ years old) and is registered under CIN L17111PB1973PLC003345. Listed on BSE: 502986 and NSE: VTL.

Vardhman Textiles reported revenue of ₹9,869.05 Cr for FY 2025-26 (up 0.9% YoY) based on consolidated financials.

Vardhman Textiles has 12 current directors:

The latest financial statements of Vardhman Textiles on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 17 September 2026. Year-wise statements from 2015 are in the company report.

The GSTIN of Vardhman Textiles is 03AABCM4692E1ZP, registered in Punjab. The company has 21 GST registrations in all, of which 6 are active and 15 are cancelled or inactive. Other active GSTINs include 02AABCM4692E1ZR (Himachal Pradesh), 07AABCM4692E1ZH (Delhi), 23AABCM4692E2ZM (Madhya Pradesh).

The CIN (Corporate Identification Number) of Vardhman Textiles is L17111PB1973PLC003345. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Yes. Vardhman Textiles is a listed company as per MCA records. Its shares are listed on both BSE (code: 502986) and NSE (symbol: VTL).

Vardhman Textiles has 202 court cases on record: 131 filed by the company and 71 filed against it. 57 are pending. Most are in the high courts.

Vardhman Textiles was incorporated on 08 October 1973, making it 53+ years old. It is registered with the Registrar of Companies, Chandigarh.

Vardhman Textiles has 33 deals on record (19 market trades, 12 secondary share transfers, 1 debt financing), with disclosed funding of ₹150 Cr; the latest was in April 2025.

The peers of Vardhman Textiles by revenue are Grasim Industries Ltd, SRF Limited, Bhilosa Industries Private Limited, Shahi Exports Private Limited, Arvind Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).