- #428 SP Oswal ₹8,700 Cr

About Vardhman Acrylics Limited
Data last updated:
Vardhman Acrylics Limited is a public limited company based in Ludhiana, Punjab, India, a subsidiary of Vardhman Textiles Limited. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 24 December 1990 and has been in existence for over 36 years.
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 L51491PB1990PLC019212. Its GSTIN is 03AAACV7602E1ZT (Punjab). The company holds 4 GST registrations, of which 2 are active. It is a listed company as per MCA records. Its shares are listed on NSE: VARDHACRLC.
The company has an authorised share capital of ₹150 Cr and a paid-up capital of ₹80.36 Cr. It is led by directors including Vivek Gupta (Whole-Time Director) and Suchita Jain.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vardhman Premises Chandigarh Road Ludhiana., Punjab, India – 141010.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹318.57 Cr, a growth of 13.1% compared to the previous year. For the same year it recorded a net profit of ₹27.25 Cr (net margin 8.6%) and EBITDA of ₹16.68 Cr (EBITDA margin 5.2%).
The company has about 324 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Vardhman Acrylics. As per MCA filings, the company has satisfied charges of ₹275.23 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vardhmanacrylics.com.
Company details
CIN history
Vardhman Acrylics has one previous CIN (Corporate Identification Number): U51491PB1990PLC019212. The current CIN is L51491PB1990PLC019212, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L51491PB1990PLC019212 | Current |
| U51491PB1990PLC019212 | Previous |
Recognitions & Rankings of Vardhman Acrylics
Contact details
Vardhman Acrylics Limited's registered office is in Ludhiana, Punjab. Its website is vardhmanacrylics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressVardhman Premises Chandigarh Road Ludhiana., Punjab, India – 141010
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Vardhman Acrylics Limited, buy the company report.
- 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
Brands
Vardhman Acrylics operates one associated brand: Vardhman Acrylics. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Casual wear is manufactured and branded by Vardhman Acrylics. | vardhmanacrylics.com |
Business activity
The main business activity of Vardhman Acrylics is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Vardhman Acrylics Limited, buy the company report.
Financials of Vardhman Acrylics Limited
FY 2025-26 filings availableVardhman Acrylics Limited reported revenue of ₹318.57 Cr (up 13.1% YoY) for FY 2025-26.
Financial Highlights
FY 2025-26 · StandaloneRevenue 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 | 319 | 282 | 297 | 427 | 303 | 280 | 334 |
| Revenue growth | +13.1% | -5.4% | -30.3% | +40.7% | +8.3% | -16.2% | - |
| EBITDA | 16.68 | 3.69 | 13.24 | 36.09 | 8.83 | 47.68 | 26.77 |
| EBITDA margin | +5.2% | +1.3% | +4.5% | +8.5% | +2.9% | +17.0% | +8.0% |
| Profit before tax | 28.86 | 16.05 | 21.35 | 43.10 | 17.42 | 57.10 | 47.85 |
| Net profit | 27.25 | 11.70 | 17.66 | 32.96 | 14.52 | 42.95 | 46.21 |
| Net profit margin | +8.6% | +4.2% | +5.9% | +7.7% | +4.8% | +15.3% | +13.8% |
| EPS (₹) | 3.39 | 1.47 | 2.18 | 4.09 | 1.81 | 5.34 | 5.76 |
| Balance sheet | |||||||
| Total assets | - | 239 | 245 | 246 | 216 | 399 | 358 |
| Net worth | - | 239 | 243 | 245 | 212 | 398 | 355 |
| Total debt | - | 0.18 | 1.14 | 0.34 | 2.78 | 0.36 | 1.42 |
| Cash & bank | - | 3.59 | 3.58 | 3.69 | 5.36 | 102 | 125 |
| Net working capital | - | 3.37 | 24.93 | 21.74 | 32.33 | 118 | 124 |
| Cash flow | |||||||
| Cash from operations | - | 26.15 | 7.38 | 38.53 | (9.41) | 39.46 | 4.17 |
| Cash from investing | - | (9.08) | 12.26 | (36.73) | 190 | (82.58) | 80.47 |
| Cash from financing | - | (17.09) | (19.50) | (2.61) | (198) | (1.10) | (23.61) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 78.25 | 83.50 | 76.28 | 89.40 | 69.39 | 72.11 | 81.78 | 70.62 |
| Revenue growth (YoY) | +12.8% | +15.8% | -6.7% | +26.6% | +21.6% | - | - | - |
| Other income | 3.98 | 4.34 | 3.39 | 3.83 | 3.66 | 3.31 | 4.72 | 3.49 |
| Total expenses | 60.52 | 73.44 | 69.19 | 89.23 | 70.02 | 72.12 | 80.97 | 69.86 |
| EBITDA | 17.73 | 10.06 | 7.09 | 0.17 | (0.63) | (0.01) | 0.81 | 0.76 |
| EBITDA margin | +22.7% | +12.0% | +9.3% | +0.2% | -0.9% | -0.0% | +1.0% | +1.1% |
| Depreciation | 0.74 | 0.71 | 0.77 | 0.73 | 0.69 | 0.80 | 0.71 | 0.76 |
| Interest | 0.05 | 0.01 | 0.07 | 0.03 | 0.04 | 0.10 | 0.03 | 0.06 |
| Profit before tax | 20.92 | 13.68 | 9.64 | 3.24 | 2.30 | 2.40 | 4.79 | 3.43 |
| Tax | 4.70 | (1.91) | 2.23 | 0.74 | 0.55 | 0.44 | 0.82 | 1.87 |
Financial Statements
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 78.25 | 83.50 | 76.28 | 89.40 | 69.39 | 72.11 | 81.78 | 70.62 |
| Revenue growth (YoY) | +12.8% | +15.8% | -6.7% | +26.6% | +21.6% | - | - | - |
| Other income | 3.98 | 4.34 | 3.39 | 3.83 | 3.66 | 3.31 | 4.72 | 3.49 |
| Total expenses | 60.52 | 73.44 | 69.19 | 89.23 | 70.02 | 72.12 | 80.97 | 69.86 |
| EBITDA | 17.73 | 10.06 | 7.09 | 0.17 | (0.63) | (0.01) | 0.81 | 0.76 |
| EBITDA margin | +22.7% | +12.0% | +9.3% | +0.2% | -0.9% | -0.0% | +1.0% | +1.1% |
| Depreciation | 0.74 | 0.71 | 0.77 | 0.73 | 0.69 | 0.80 | 0.71 | 0.76 |
| Interest | 0.05 | 0.01 | 0.07 | 0.03 | 0.04 | 0.10 | 0.03 | 0.06 |
| Profit before tax | 20.92 | 13.68 | 9.64 | 3.24 | 2.30 | 2.40 | 4.79 | 3.43 |
| Tax | 4.70 | (1.91) | 2.23 | 0.74 | 0.55 | 0.44 | 0.82 | 1.87 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 319 | 282 | 297 | 427 | 303 | 280 | 334 |
| Revenue growth | +13.1% | -5.4% | -30.3% | +40.7% | +8.3% | -16.2% | - |
| Other income | 15.22 | 15.61 | 14.03 | 12.79 | 14.40 | 15.37 | 26.61 |
| Total expenses | 302 | 278 | 284 | 391 | 294 | 233 | 308 |
| Employee cost | 0.00 | 20.41 | 20.04 | 18.04 | 15.94 | 16.33 | 15.75 |
| EBITDA | 16.68 | 3.69 | 13.24 | 36.09 | 8.83 | 47.68 | 26.77 |
| EBITDA margin | +5.2% | +1.3% | +4.5% | +8.5% | +2.9% | +17.0% | +8.0% |
| Depreciation | 2.89 | 3.00 | 5.63 | 5.49 | 5.42 | 5.42 | 5.23 |
| Interest | 0.15 | 0.25 | 0.29 | 0.29 | 0.39 | 0.53 | 0.30 |
| Profit before tax | 28.86 | 16.05 | 21.35 | 43.10 | 17.42 | 57.10 | 47.85 |
| Tax | 1.61 | 4.23 | 3.81 | 10.24 | 2.87 | 14.20 | 1.59 |
| Net profit | 27.25 | 11.70 | 17.66 | 32.96 | 14.52 | 42.95 | 46.21 |
| Net profit margin | +8.6% | +4.2% | +5.9% | +7.7% | +4.8% | +15.3% | +13.8% |
| EPS (₹) | 3.39 | 1.47 | 2.18 | 4.09 | 1.81 | 5.34 | 5.76 |
| 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 | - | 80.36 | 80.36 | 80.36 | 80.36 | 80.36 | 80.36 |
| Reserves & surplus | - | 158 | 163 | 165 | 132 | 318 | 275 |
| Shareholders' funds (net worth) | - | 239 | 243 | 245 | 212 | 398 | 355 |
| Secured loans | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 1.42 |
| Unsecured loans | - | 0.18 | 1.14 | 0.34 | 2.78 | 0.36 | 0.00 |
| Total debt | - | 0.18 | 1.14 | 0.34 | 2.78 | 0.36 | 1.42 |
| Total liabilities | - | 239 | 245 | 246 | 216 | 399 | 358 |
| Assets | |||||||
| Gross block | - | 103 | 99.36 | 93.70 | 90.28 | 88.27 | 88.07 |
| Net block | - | 57.56 | 55.75 | 54.44 | 55.84 | 58.68 | 63.83 |
| Capital work in progress | - | 0.11 | 0.02 | 3.93 | 0.19 | 0.21 | 0.02 |
| Investments | - | 186 | 169 | 172 | 134 | 232 | 160 |
| Inventories | - | 80.89 | 74.95 | 83.28 | 76.85 | 64.20 | 60.47 |
| Sundry debtors | - | 8.76 | 16.24 | 13.40 | 10.57 | 15.07 | 9.50 |
| Cash & bank balances | - | 3.59 | 3.58 | 3.69 | 5.36 | 102 | 125 |
| Loans & advances | - | 9.70 | 6.50 | 10.25 | 18.66 | 12.30 | 14.43 |
| Total current assets | - | 103 | 101 | 111 | 111 | 194 | 209 |
| Total current liabilities | - | 99.57 | 76.34 | 88.88 | 79.11 | 75.45 | 85.24 |
| Net working capital | - | 3.37 | 24.93 | 21.74 | 32.33 | 118 | 124 |
| Total assets | - | 239 | 245 | 246 | 216 | 399 | 358 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | - | 0.79 | 0.66 | 1.47 | 18.57 | 62.80 | 1.77 |
| Net cash from operating activities | - | 26.15 | 7.38 | 38.53 | (9.41) | 39.46 | 4.17 |
| Net cash from investing activities | - | (9.08) | 12.26 | (36.73) | 190 | (82.58) | 80.47 |
| Net cash from financing activities | - | (17.09) | (19.50) | (2.61) | (198) | (1.10) | (23.61) |
| Net change in cash | - | (0.02) | 0.13 | (0.81) | (17.11) | (44.22) | 61.03 |
| Closing cash | - | 3.59 | 3.58 | 3.69 | 5.36 | 102 | 125 |
| 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 | +13.1% | -5.4% | -30.3% | +40.7% | +8.3% | -16.2% | - |
| EBITDA growth | +352.0% | -72.1% | -63.3% | +308.7% | -81.5% | +78.1% | - |
| PBT growth | +79.8% | -24.8% | -50.5% | +147.4% | -69.5% | +19.3% | +2.4% |
| Net income growth | +132.9% | -33.8% | -46.4% | +127.0% | -66.2% | -7.1% | - |
| Revenue CAGR (3Y) | -9.3% | -2.5% | +2.0% | +8.5% | -8.2% | -5.0% | -3.2% |
| EBITDA CAGR (3Y) | -22.7% | -25.2% | -34.8% | +10.5% | -31.8% | +14.8% | -10.7% |
| Profitability & leverage | |||||||
| Net income margin | +8.6% | +4.2% | +5.9% | +7.7% | +4.8% | +15.3% | +13.8% |
| Return on capital employed | - | +6.7% | +8.8% | +18.8% | +5.8% | +15.2% | +13.9% |
| Return on net worth | - | +4.9% | +7.2% | +14.4% | +4.8% | +11.4% | +13.4% |
| Debt / equity | - | 0.00 | 0.00 | 0.01 | 0.01 | 0.00 | 0.00 |
| Long-term debt / equity | - | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | 1.09 | 36.23 | 3.81 | 0.95 | 11.44 | 1.25 | 1.39 |
| Efficiency & per share | |||||||
| Fixed asset turnover | - | 2.78 | 3.08 | 4.64 | 3.40 | 3.18 | 4.21 |
| Inventory turnover | - | 3.61 | 3.76 | 5.33 | 4.30 | 4.49 | 4.89 |
| Debtors turnover | - | 22.53 | 20.07 | 35.60 | 23.66 | 22.81 | 26.64 |
| EPS (₹) | 3.39 | 1.47 | 2.18 | 4.09 | 1.81 | 5.34 | 5.76 |
| Dividend per share (₹) | 1.50 | 1.50 | 2.00 | 2.50 | 25.00 | 0.00 | 0.00 |
| Book value per share (₹) | 0.00 | 29.70 | 30.23 | 30.53 | 26.42 | 49.57 | 44.23 |
To see the full year-wise statements and ratios of Vardhman Acrylics Limited, buy the company report.
Board of directors of Vardhman Acrylics Limited
Vardhman Acrylics has 10 current directors and 15 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suchita Jain Also directs: Vardhman Holdings Limited, Vardhman Textiles Limited, Mahavir Spinning Mills Private Limited and 5 more | Director | 20 Oct 2020 | 6 Years 0 Months | Current |
| Shri Paul Oswal Also directs: Adishwar Enterprises LLP, Vardhman Holdings Limited, Vardhman Textiles Limited and 5 more | Director | 24 Dec 1990 | 35 Years 9 Months | Current |
| Sachit Jain Also directs: Adishwar Enterprises LLP, Vardhman Holdings Limited, Vardhman Textiles Limited and 5 more | Director | 30 Dec 1995 | 30 Years 9 Months | Current |
| Parakh Oswal | Director | 19 Jul 2022 | 4 Years 3 Months | Current |
| Vivek Gupta Also directs: Association of Synthetic Fibre Industry | Whole-Time Director | 01 Nov 2023 | 2 Years 11 Months | Current |
| Bal Krishan Choudhary Also directs: Narmada Clean Tech | Director | 30 Dec 1995 | 30 Years 9 Months | Current |
Peer comparison
Vardhman Acrylics 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.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Vardhman Acrylics Limitedthis company | ₹318.57 Cr (FY 2026) | ₹27.25 Cr | 8.6% | 13.1% | 324 | Ludhiana, Punjab, India |
| Shri Ambica Polymer Private Limited | ₹299.76 Cr (FY 2025) | 45.0% | Ahmedabad, Gujarat, India | |||
| Laguna Clothing Private Limited | ₹299.1 Cr (FY 2018) | -10.0% | Bangalore, Karnataka, India | |||
| Ramvijay Cotton Mills Private Limited | ₹297.71 Cr (FY 2025) | 93.0% | Jasdan, Gujarat, India | |||
| Riba Textiles Limited | ₹296.13 Cr (FY 2025) | 20.0% | New Delhi, Delhi, India | |||
| Kiran Industries Private Limited | ₹295.96 Cr (FY 2025) | 6.0% | Surat, Gujarat, India | |||
| Apm Industries Limited | ₹295.31 Cr (FY 2025) | -2.0% | Bhiwadi, Rajasthan, India | |||
| Sada Green Industries Private Limited | ₹293.14 Cr (FY 2025) | 21.0% | Suratgarh, Rajasthan, India |
To see the full peer comparison of Vardhman Acrylics Limited, buy the company report.
Auditor
Vardhman Acrylics Limited is audited by SCV & Co. LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SCV & Co. LLP | FY 2023 | 000235N |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 75.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 25.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 75.00% | 75.00% | 75.00% | 75.00% |
| Public | 25.00% | 25.00% | 25.00% | 25.00% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Mar 2016 | 100016723 | Others | ₹50 Cr | Satisfied | |
| 22 Mar 2012 | 10347770 | Axis Bank Limited | ₹40 Cr | Satisfied | |
| 22 Aug 2001 | 90169575 | I.D.B.I. | ₹88.48 Cr | Satisfied | |
| 08 Jun 1999 | 90169208 | State Bank of Patiala | ₹46.75 Cr | Satisfied | |
| 22 May 1996 | 90168837 | Industrial Development Bank of India | ₹50 Cr | Satisfied |
To see the full charge records of Vardhman Acrylics Limited, buy the company report.
Total charge records: 5 View all charges
Legal cases
No court or tribunal cases involving Vardhman Acrylics Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Vardhman Acrylics Limited was last rated by Crisil on 24 Mar 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 24 Mar 2021 |
To see the full credit ratings and regulatory alerts of Vardhman Acrylics Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vardhman Acrylics Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Vardhman Acrylics Limited has a workforce of 324 employees on its EPFO records as of Apr 01, 2024, across 1 active EPFO establishment.
GST
Vardhman Acrylics has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACV7602E1ZT | Punjab | Active | 01 Jul 2017 |
| 24AAACV7602E1ZP | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vardhman Acrylics Limited, buy the company report.
Recent activity
Vardhman Acrylics Limited has 36 board changes on record since 1990: 23 appointments and 13 cessations. The latest: Sanjeev Jain was appointed as Director on 01 Nov 2023.
40 earlier events are in the company report.
News
Frequently asked questions
Vardhman Acrylics 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 24 December 1990 (36+ years old) and is registered under CIN L51491PB1990PLC019212. Listed on NSE: VARDHACRLC.
Vardhman Acrylics reported revenue of ₹318.57 Cr for FY 2025-26 (up 13.1% YoY) based on standalone financials.
Vardhman Acrylics has 10 current directors:
- Vivek Gupta - Whole-Time Director
- Suchita Jain - Director
- Shri Paul Oswal - Director
- Sachit Jain - Director
- Parakh Oswal - Director
- Bal Krishan Choudhary - Director
- Anil Kumar - Director
- Bhooshan Lal Uppal - Director
- Sanjeev Jain - Director
- Sandeep Kapur - Director
The latest financial statements of Vardhman Acrylics on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Vardhman Acrylics is 03AAACV7602E1ZT, registered in Punjab. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 24AAACV7602E1ZP (Gujarat).
The CIN (Corporate Identification Number) of Vardhman Acrylics is L51491PB1990PLC019212. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. Vardhman Acrylics is a listed company as per MCA records. Its shares are listed on NSE (symbol: VARDHACRLC).
Vardhman Acrylics was incorporated on 24 December 1990, making it 36+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Vardhman Acrylics by revenue are Shri Ambica Polymer Private Limited, Laguna Clothing Private Limited, Ramvijay Cotton Mills Private Limited, Riba Textiles Limited, Kiran Industries Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Sanjeev Jain was appointed as Director on 01 Nov 2023. Vivek Gupta was appointed as Whole-Time Director on 01 Nov 2023. Apinder Sodhi ceased to be Director on 31 Oct 2023. Vardhman Acrylics has 36 board changes on record in total.
Vardhman Acrylics can be reached through the website vardhmanacrylics.com. Its registered office is in Ludhiana, Punjab, India.