About Vardhman Polytex Ltd
Data last updated: 30 September 2026
Vardhman Polytex Ltd is a public limited company based in Ludhiana, Punjab, India. It specialises in textile and fabric production, a part of the broader manufacturing sector. Incorporated on 20 August 1980, the company has been in operation for over 46 years.
Registered with ROC Chandigarh under CIN L17122PB1980PLC004242. Listed on BSE: 514175 and NSE: VARDMNPOLY.
Capital: an authorised share capital of ₹70 Cr and a paid-up capital of ₹48.3 Cr. Formerly known as Punjab Mohta Polytex Ltd. It is led by directors including Suresh Kumar Banka and Manju Oswal.
Last AGM: 28 August 2025. Financial statements filed for year ended 31 March 2025. Office: Vardhman Park Chandigarh Road Ludhiana – 141123, Punjab, India – 141123.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹236.7 Cr, a decline of 16.94% compared to the previous year. Total assets are valued at ₹174.56 Cr (up 17.91% YoY).
The company has a workforce of approximately 1,847 employees as per the latest available data.
The company is associated with 2 brands - Oswal Group, Vardhman Polytex. As per MCA filings, the company has open charges of ₹384.44 Cr and satisfied charges of ₹2,079.78 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 vpl.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressVardhman Park Chandigarh Road Ludhiana – 141123, Punjab, India – 141123
- IndustryManufacturing, Textile & Fabric Production
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
CIN History of Vardhman Polytex Ltd
Vardhman Polytex Ltd has one previous CIN (Corporate Identification Number): U17122PB1980PLC004242. The current CIN is L17122PB1980PLC004242, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17122PB1980PLC004242 | Current |
| U17122PB1980PLC004242 | Previous |
Associated Brands with Vardhman Polytex Ltd
Vardhman Polytex Ltd operates two associated brands: Oswal Group and Vardhman Polytex. These brands represent Vardhman Polytex Ltd's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Garments are manufactured on a contract basis in Ludhiana, India. | oswalgroup.com | |
| Manufacturer of cotton fabrics, textile yarn and garments | vpl.in |
Competitors & Alternatives of Vardhman Polytex Ltd
Brands and companies operating in the same space as Vardhman Polytex Ltd include Gokaldas Exports, Radhamani Group, Brand Concepts and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Gokaldas Exports | Apparel and clothing are manufactured and exported on contract. | Bengaluru, India, India | 1979 |
 Radhamani Group | Sustainable garment manufacturing solutions are provided comprehensively. | Bengaluru, India, India | 2008 |
 Brand Concepts | Contract manufacturing of bags, belts, wallets, and accessories is conducted. | Indore, India, India | 2007 |
 Cupid | Contract manufacturer of male & female condoms | Nashik, India, India | 1993 |
 Shahi | Garments are contract-manufactured by Shahi in apparel production. | Faridabad, India, India | 1974 |
 FAZE THREE LIMITED | Home furnishings and automobile textiles are contract-manufactured. | Mumbai, India, India | 1985 |
 Eastman Exports | Apparel products are manufactured under contract in India. | Tiruppur, India, India | 2003 |
 SAPL Industries | Offers product development and manufacturing services to business customers in India. | Mumbai, India, India | 2001 |
Business Activity of Vardhman Polytex Ltd
Vardhman Polytex Ltd is engaged in the principal business activity of manufacturing, with detailed activities including textile, leather and other apparel products.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | Locked |
Business activity turnover details for Vardhman Polytex Ltd
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Vardhman Polytex Ltd
Vardhman Polytex Ltd is audited by Romesh K Aggarwal & Associates for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Romesh K Aggarwal & Associates | Locked | Locked | Locked |
Complete auditor history for Vardhman Polytex Ltd
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Vardhman Polytex Ltd
Vardhman Polytex Ltd is currently managed by 6 directors, with 24 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Kumar Banka | Director | 01 Sep 2020 | 6 Years 0 Months | Current |
| Manju Oswal | Director | 12 Aug 2017 | 9 Years 1 Months | Current |
| Adish Oswal Also directs: Amrante Llp, Panchsheel Textile Mfg And Trading Company Private Limited, Pioneer Marcantile India Pvt Ltd and 5 more | Managing Director | 01 Aug 2009 | 17 Years 1 Months | Current |
| Shubham Jain | Additional Director | 03 Dec 2025 | 0 Years 9 Months | Current |
| Rohit Jain | Director | 28 Mar 2024 | 2 Years 6 Months | Current |
| Sanchi Taneja Also directs: Fmi Limited | Director | 18 Jul 2023 | 3 Years 2 Months | Current |
Financials of Vardhman Polytex Ltd FY 2025-26 filings available
Vardhman Polytex Ltd reported revenue of ₹236.7 Cr (down 16.94% YoY) for FY 2025-26.
Financial Highlights
FY 2021-22 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 930 | 510 | 561 | 811 | 642 | 927 | 954 |
| Revenue growth | +75.7% | -11.7% | -30.7% | +15.0% | -18.6% | -2.9% | -9.7% |
| EBITDA | 59.29 | 14.52 | (0.28) | 1.23 | (62.71) | 61.10 | 61.72 |
| EBITDA margin | +6.4% | +2.9% | -0.1% | +0.2% | -9.8% | +6.6% | +6.5% |
| Profit before tax | (15.49) | (56.69) | 102 | (73.97) | (172) | (33.44) | (15.01) |
| Net profit | (15.84) | (56.65) | (72.24) | (73.34) | (170) | (33.08) | (23.70) |
| Net profit margin | -1.7% | -11.1% | -12.9% | -9.0% | -26.5% | -3.6% | -2.5% |
| EPS (₹) | (6.96) | (25.43) | 45.68 | 0.00 | 0.00 | 0.00 | (6.72) |
| Balance sheet | |||||||
| Total assets | 168 | 177 | 201 | 54.81 | 349 | 471 | 521 |
| Net worth | (364) | (348) | (291) | (392) | (223) | (51.25) | (17.39) |
| Total debt | 529 | 523 | 490 | 446 | 569 | 518 | 534 |
| Cash & bank | 0.15 | 0.09 | 0.14 | 0.27 | 3.89 | 9.09 | 9.29 |
| Net working capital | (62.30) | (75.54) | (60.03) | (215) | (55.99) | 38.64 | 78.61 |
| Cash flow | |||||||
| Cash from operations | 61.34 | 24.03 | 13.45 | 134 | 50.86 | 91.76 | 109 |
| Cash from investing | (0.52) | (1.22) | 0.37 | 114 | (5.20) | (23.66) | (7.14) |
| Cash from financing | (60.76) | (22.86) | (13.94) | (251) | (50.86) | (68.31) | (103) |
| Particulars | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 278 | 244 | 215 | 192 | 194 | 151 | 121 | 42.79 |
| Revenue growth (YoY) | +43.4% | +61.5% | +78.3% | +347.7% | +43.1% | +9997.0% | +9997.0% | +9997.0% |
| Other income | 0.61 | 0.78 | 1.14 | 0.60 | 0.64 | 0.66 | 0.65 | 0.66 |
| EBITDA | 13.23 | 12.01 | 16.31 | 17.69 | 17.81 | (0.23) | (0.06) | (3.14) |
| EBITDA margin | +4.8% | +4.9% | +7.6% | +9.2% | +9.2% | -0.2% | -0.0% | -7.3% |
| Depreciation | 3.25 | 3.44 | 3.51 | 3.52 | 3.58 | 3.50 | 3.88 | 3.70 |
| Interest | 17.36 | 15.82 | 15.76 | 15.21 | 16.05 | 11.06 | 16.54 | 15.35 |
| Profit before tax | (6.77) | (6.47) | (1.82) | (0.44) | (1.18) | (14.13) | (19.83) | (21.53) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Net profit | (6.77) | (6.47) | (1.82) | (0.44) | (1.18) | (14.13) | (19.84) | (21.53) |
| EPS (₹) | 0.00 | (2.90) | (0.82) | (0.20) | (0.53) | (6.34) | (8.90) | (9.66) |
| 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 | 237 | 285 | 371 | 619 | 930 | 510 | 561 |
| Revenue growth | -18.5% | -33.8% | -37.0% | -24.8% | +75.7% | -11.7% | -30.7% |
| EBITDA | 14.22 | 11.92 | (41.89) | (36.26) | 59.21 | 14.39 | (0.41) |
| EBITDA margin | +6.0% | +4.2% | -11.3% | -5.9% | +6.4% | +2.8% | -0.1% |
| Profit before tax | 7.68 | 14.93 | (26.76) | 1.49 | (15.55) | (56.70) | 102 |
| Net profit | 1.45 | 0.08 | (43.64) | (95.62) | (15.89) | (56.69) | (72.52) |
| Net profit margin | +0.6% | +0.0% | -11.8% | -15.5% | -1.7% | -11.1% | -12.9% |
| EPS (₹) | 0.16 | 0.33 | (9.81) | 0.67 | (6.98) | (25.43) | 45.66 |
| Balance sheet | |||||||
| Total assets | 175 | 148 | 51.80 | 87.83 | 168 | 178 | 202 |
| Net worth | (197) | (227) | (361) | (362) | (364) | (348) | (291) |
| Total debt | 55.12 | 49.65 | 76.19 | 447 | 529 | 523 | 490 |
| Cash & bank | 0.28 | 0.44 | 1.11 | 0.44 | 0.15 | 0.09 | 0.14 |
| Net working capital | 21.91 | (34.73) | (140) | (135) | (62.30) | (75.23) | (59.68) |
| Cash flow | |||||||
| Cash from operations | (30.34) | (98.28) | (13.78) | 40.30 | 61.46 | 24.03 | 13.45 |
| Cash from investing | 20.19 | 30.64 | 26.29 | (0.65) | (0.65) | (1.22) | 0.37 |
| Cash from financing | 10.00 | 66.96 | (11.83) | (39.36) | (60.76) | (22.86) | (13.95) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60.75 | 64.85 | 50.60 | 61.72 | 59.54 | 81.20 | 75.35 | 64.40 |
| Revenue growth (YoY) | +2.0% | -20.1% | -32.9% | -4.2% | -7.0% | +10.2% | +23.9% | -36.0% |
| Other income | 318 | 1.47 | 2.24 | 1.72 | 3.74 | 8.53 | 3.16 | 9.36 |
| Total expenses | 62.05 | 63.17 | 50.49 | 50.96 | 57.87 | 83.16 | 48.67 | 68.20 |
| EBITDA | (1.30) | 1.68 | 0.11 | 10.76 | 1.67 | (1.96) | 26.68 | (3.80) |
| EBITDA margin | -2.1% | +2.6% | +0.2% | +17.4% | +2.8% | -2.4% | +35.4% | -5.9% |
| Depreciation | 1.72 | 1.70 | 1.75 | 1.75 | 1.52 | 2.13 | 2.20 | 2.33 |
| Interest | 3.52 | 0.57 | 0.45 | 4.27 | 3.69 | 3.45 | 3.59 | 2.60 |
| Profit before tax | 311 | 0.88 | 0.15 | 6.46 | 0.20 | 0.99 | 24.05 | 0.63 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
Financial Statements
| Particulars | Mar 2022 | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 278 | 244 | 215 | 192 | 194 | 151 | 121 | 42.79 |
| Revenue growth (YoY) | +43.4% | +61.5% | +78.3% | +347.7% | +43.1% | +9997.0% | +9997.0% | +9997.0% |
| Other income | 0.61 | 0.78 | 1.14 | 0.60 | 0.64 | 0.66 | 0.65 | 0.66 |
| EBITDA | 13.23 | 12.01 | 16.31 | 17.69 | 17.81 | (0.23) | (0.06) | (3.14) |
| EBITDA margin | +4.8% | +4.9% | +7.6% | +9.2% | +9.2% | -0.2% | -0.0% | -7.3% |
| Depreciation | 3.25 | 3.44 | 3.51 | 3.52 | 3.58 | 3.50 | 3.88 | 3.70 |
| Interest | 17.36 | 15.82 | 15.76 | 15.21 | 16.05 | 11.06 | 16.54 | 15.35 |
| Profit before tax | (6.77) | (6.47) | (1.82) | (0.44) | (1.18) | (14.13) | (19.83) | (21.53) |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.01 | 0.00 |
| Net profit | (6.77) | (6.47) | (1.82) | (0.44) | (1.18) | (14.13) | (19.84) | (21.53) |
| EPS (₹) | 0.00 | (2.90) | (0.82) | (0.20) | (0.53) | (6.34) | (8.90) | (9.66) |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Revenue | 930 | 510 | 561 | 811 | 642 | 927 | 954 |
| Revenue growth | +75.7% | -11.7% | -30.7% | +15.0% | -18.6% | -2.9% | -9.7% |
| Other income | 3.13 | 2.60 | 178 | 2.97 | 5.46 | 12.70 | 51.92 |
| Total expenses | 870 | 495 | 561 | 810 | 705 | 866 | 892 |
| Employee cost | 57.21 | 38.76 | 45.20 | 57.07 | 63.86 | 72.58 | 72.53 |
| EBITDA | 59.29 | 14.52 | (0.28) | 1.23 | (62.71) | 61.10 | 61.72 |
| EBITDA margin | +6.4% | +2.9% | -0.1% | +0.2% | -9.8% | +6.6% | +6.5% |
| Depreciation | 13.71 | 14.65 | 15.71 | 18.38 | 29.91 | 30.48 | 38.26 |
| Interest | 64.20 | 59.16 | 59.71 | 59.79 | 84.50 | 76.76 | 90.39 |
| Profit before tax | (15.49) | (56.69) | 102 | (73.97) | (172) | (33.44) | (15.01) |
| Tax | 0.01 | 0.02 | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 |
| Net profit | (15.84) | (56.65) | (72.24) | (73.34) | (170) | (33.08) | (23.70) |
| Net profit margin | -1.7% | -11.1% | -12.9% | -9.0% | -26.5% | -3.6% | -2.5% |
| EPS (₹) | (6.96) | (25.43) | 45.68 | 0.00 | 0.00 | 0.00 | (6.72) |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 22.29 | 22.29 | 22.29 | 22.33 | 34.53 | 34.53 | 22.33 |
| Reserves & surplus | (386) | (371) | (313) | (414) | (258) | (85.78) | (51.93) |
| Shareholders' funds (net worth) | (364) | (348) | (291) | (392) | (223) | (51.25) | (17.39) |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 523 | 518 | 484 | 442 | 566 | 516 | 522 |
| Unsecured loans | 5.59 | 5.59 | 5.84 | 4.54 | 2.25 | 2.25 | 11.76 |
| Total debt | 529 | 523 | 490 | 446 | 569 | 518 | 534 |
| Total liabilities | 168 | 177 | 201 | 54.81 | 349 | 471 | 521 |
| Assets | |||||||
| Gross block | 588 | 600 | 600 | 616 | 857 | 854 | 829 |
| Net block | 170 | 183 | 196 | 211 | 340 | 363 | 368 |
| Capital work in progress | 0.00 | 0.00 | 0.00 | 0.00 | 3.11 | 6.67 | 6.64 |
| Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.06 | 0.19 |
| Inventories | 43.75 | 18.92 | 20.77 | 20.61 | 44.46 | 88.34 | 85.97 |
| Sundry debtors | 10.80 | 8.30 | 5.70 | 8.55 | 28.41 | 85.83 | 90.89 |
| Cash & bank balances | 0.15 | 0.09 | 0.14 | 0.27 | 3.89 | 9.09 | 9.29 |
| Loans & advances | 41.25 | 25.49 | 24.62 | 24.99 | 30.74 | 39.91 | 46.62 |
| Total current assets | 95.95 | 52.80 | 51.23 | 54.42 | 108 | 223 | 233 |
| Total current liabilities | 158 | 128 | 111 | 269 | 163 | 185 | 154 |
| Net working capital | (62.30) | (75.54) | (60.03) | (215) | (55.99) | 38.64 | 78.61 |
| Total assets | 168 | 177 | 201 | 54.81 | 349 | 471 | 521 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.09 | 0.14 | 0.27 | 3.89 | 9.09 | 9.29 | 10.41 |
| Net cash from operating activities | 61.34 | 24.03 | 13.45 | 134 | 50.86 | 91.76 | 109 |
| Net cash from investing activities | (0.52) | (1.22) | 0.37 | 114 | (5.20) | (23.66) | (7.14) |
| Net cash from financing activities | (60.76) | (22.86) | (13.94) | (251) | (50.86) | (68.31) | (103) |
| Net change in cash | 0.06 | (0.05) | (0.13) | (3.62) | (5.19) | (0.21) | (1.12) |
| Closing cash | 0.15 | 0.09 | 0.14 | 0.27 | 3.89 | 9.09 | 9.29 |
| Particulars | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +82.3% | -9.1% | -30.8% | +26.4% | -30.8% | -2.8% | -6.7% |
| EBITDA growth | +308.3% | +9998.0% | - | +9998.0% | - | -1.0% | +84.2% |
| PBT growth | +72.7% | - | +9998.0% | +56.9% | -413.3% | -122.8% | +79.8% |
| Net income growth | +72.0% | +21.6% | +1.5% | +56.8% | -413.3% | -39.6% | -86.2% |
| Revenue CAGR (3Y) | +4.7% | -7.4% | -15.4% | -5.3% | -14.4% | -4.2% | +0.4% |
| EBITDA CAGR (3Y) | +263.9% | - | - | -72.9% | - | -16.2% | -15.3% |
| Profitability & leverage | |||||||
| Net income margin | -1.7% | -11.1% | +18.2% | -9.1% | -26.8% | -3.6% | -1.6% |
| Return on capital employed | 0.0% | 0.0% | -3.4% | 0.0% | 0.0% | 0.0% | 0.0% |
| Return on net worth | 0.0% | 0.0% | +74.4% | 0.0% | 0.0% | 0.0% | 0.0% |
| Debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 101.26 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 63.59 |
| Interest cover | 140.85 | -45,507.69 | -373.42 | -348.63 | -91.23 | 250.69 | 385.29 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 1.57 | 0.85 | 0.92 | 1.10 | 0.75 | 1.10 | 1.16 |
| Inventory turnover | 29.67 | 25.70 | 27.12 | 24.93 | 9.67 | 10.63 | 7.94 |
| Debtors turnover | 97.35 | 72.85 | 78.74 | 43.89 | 11.24 | 10.49 | 11.73 |
| EPS (₹) | (6.96) | (25.43) | 45.68 | 0.00 | 0.00 | 0.00 | (6.72) |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (163.10) | (156.34) | (130.51) | (175.60) | (105.53) | (28.42) | (13.26) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 60.75 | 64.85 | 50.60 | 61.72 | 59.54 | 81.20 | 75.35 | 64.40 |
| Revenue growth (YoY) | +2.0% | -20.1% | -32.9% | -4.2% | -7.0% | +10.2% | +23.9% | -36.0% |
| Other income | 318 | 1.47 | 2.24 | 1.72 | 3.74 | 8.53 | 3.16 | 9.36 |
| Total expenses | 62.05 | 63.17 | 50.49 | 50.96 | 57.87 | 83.16 | 48.67 | 68.20 |
| EBITDA | (1.30) | 1.68 | 0.11 | 10.76 | 1.67 | (1.96) | 26.68 | (3.80) |
| EBITDA margin | -2.1% | +2.6% | +0.2% | +17.4% | +2.8% | -2.4% | +35.4% | -5.9% |
| Depreciation | 1.72 | 1.70 | 1.75 | 1.75 | 1.52 | 2.13 | 2.20 | 2.33 |
| Interest | 3.52 | 0.57 | 0.45 | 4.27 | 3.69 | 3.45 | 3.59 | 2.60 |
| Profit before tax | 311 | 0.88 | 0.15 | 6.46 | 0.20 | 0.99 | 24.05 | 0.63 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 237 | 285 | 371 | 619 | 930 | 510 | 561 |
| Revenue growth | -18.5% | -33.8% | -37.0% | -24.8% | +75.7% | -11.7% | -30.7% |
| Other income | 9.17 | 26.09 | 28.97 | 103 | 3.08 | 2.60 | 178 |
| Total expenses | 222 | 273 | 413 | 655 | 870 | 495 | 561 |
| Employee cost | 16.25 | 25.32 | 38.28 | 45.18 | 57.19 | 38.70 | 45.15 |
| EBITDA | 14.22 | 11.92 | (41.89) | (36.26) | 59.21 | 14.39 | (0.41) |
| EBITDA margin | +6.0% | +4.2% | -11.3% | -5.9% | +6.4% | +2.8% | -0.1% |
| Depreciation | 6.72 | 8.98 | 10.48 | 12.19 | 13.65 | 14.54 | 15.64 |
| Interest | 8.99 | 14.10 | 3.36 | 53.41 | 64.19 | 59.15 | 59.71 |
| Profit before tax | 7.68 | 14.93 | (26.76) | 1.49 | (15.55) | (56.70) | 102 |
| Tax | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Net profit | 1.45 | 0.08 | (43.64) | (95.62) | (15.89) | (56.69) | (72.52) |
| Net profit margin | +0.6% | +0.0% | -11.8% | -15.5% | -1.7% | -11.1% | -12.9% |
| EPS (₹) | 0.16 | 0.33 | (9.81) | 0.67 | (6.98) | (25.43) | 45.66 |
| 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 | 48.30 | 45.89 | 27.29 | 22.29 | 22.29 | 22.29 | 22.29 |
| Reserves & surplus | (253) | (289) | (396) | (385) | (386) | (370) | (313) |
| Shareholders' funds (net worth) | (197) | (227) | (361) | (362) | (364) | (348) | (291) |
| Secured loans | 54.97 | 49.50 | 74.26 | 444 | 523 | 518 | 484 |
| Unsecured loans | 0.15 | 0.15 | 1.93 | 3.17 | 5.59 | 5.59 | 5.84 |
| Total debt | 55.12 | 49.65 | 76.19 | 447 | 529 | 523 | 490 |
| Total liabilities | 175 | 148 | 51.80 | 87.83 | 168 | 178 | 202 |
| Assets | |||||||
| Gross block | 266 | 357 | 386 | 583 | 588 | 598 | 599 |
| Net block | 95.31 | 114 | 130 | 159 | 170 | 182 | 195 |
| Capital work in progress | 0.00 | 2.62 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.01 | 0.01 | 0.01 | 0.23 | 0.23 |
| Inventories | 78.56 | 43.76 | 16.81 | 15.93 | 43.75 | 18.92 | 20.77 |
| Sundry debtors | 3.38 | 4.22 | 0.04 | 0.19 | 10.80 | 8.30 | 5.70 |
| Cash & bank balances | 0.28 | 0.44 | 1.11 | 0.44 | 0.15 | 0.09 | 0.14 |
| Loans & advances | 48.27 | 44.57 | 65.61 | 51.83 | 41.25 | 25.48 | 24.60 |
| Total current assets | 130 | 92.99 | 83.57 | 68.39 | 95.95 | 52.79 | 51.21 |
| Total current liabilities | 109 | 128 | 224 | 204 | 158 | 128 | 111 |
| Net working capital | 21.91 | (34.73) | (140) | (135) | (62.30) | (75.23) | (59.68) |
| Total assets | 175 | 148 | 51.80 | 87.83 | 168 | 178 | 202 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 0.44 | 1.11 | 0.44 | 0.15 | 0.09 | 0.14 | 0.27 |
| Net cash from operating activities | (30.34) | (98.28) | (13.78) | 40.30 | 61.46 | 24.03 | 13.45 |
| Net cash from investing activities | 20.19 | 30.64 | 26.29 | (0.65) | (0.65) | (1.22) | 0.37 |
| Net cash from financing activities | 10.00 | 66.96 | (11.83) | (39.36) | (60.76) | (22.86) | (13.95) |
| Net change in cash | (0.15) | (0.67) | 0.67 | 0.29 | 0.06 | (0.05) | (0.13) |
| Closing cash | 0.28 | 0.44 | 1.11 | 0.44 | 0.15 | 0.09 | 0.14 |
| 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 | -16.9% | -23.1% | -40.1% | -33.4% | +82.4% | -9.1% | -30.8% |
| EBITDA growth | +19.3% | +9998.0% | -15.5% | - | +311.5% | +9998.0% | - |
| PBT growth | -48.6% | +9998.0% | - | +9998.0% | +72.6% | - | +9998.0% |
| Net income growth | +1712.5% | +9998.0% | +54.4% | -501.8% | +72.0% | +21.8% | +2.4% |
| Revenue CAGR (3Y) | -27.4% | -32.6% | -10.1% | +3.3% | +4.7% | -6.4% | -13.3% |
| EBITDA CAGR (3Y) | - | -41.4% | - | +345.5% | +306.7% | - | - |
| Profitability & leverage | |||||||
| Net income margin | +3.2% | +5.2% | -7.2% | +0.2% | -1.7% | -11.1% | +18.2% |
| Return on capital employed | +1.4% | +3.7% | 0.0% | -10.4% | 0.0% | 0.0% | -3.4% |
| Return on net worth | +0.4% | -0.8% | 0.0% | +114.5% | 0.0% | 0.0% | +74.7% |
| 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 | 119.87 | 479.59 | -6.42 | -110.24 | 140.89 | -39,433.33 | -372.02 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 0.76 | 0.77 | 0.76 | 1.06 | 1.57 | 0.85 | 0.92 |
| Inventory turnover | 3.87 | 9.41 | 22.65 | 20.73 | 29.67 | 25.69 | 27.11 |
| Debtors turnover | 62.29 | 133.79 | 3,224.00 | 112.59 | 97.34 | 72.82 | 78.71 |
| EPS (₹) | 0.16 | 0.33 | (9.81) | 0.67 | (6.98) | (25.43) | 45.66 |
| Dividend per share (₹) | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | (4.25) | (5.29) | (135.26) | (162.53) | (163.10) | (156.18) | (130.38) |
Shareholding Pattern of Vardhman Polytex Ltd
As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 37.50%, foreign institutional investors hold 5.60%, domestic institutional investors hold 0.00%, retail and other public shareholders hold 56.90% of Vardhman Polytex Ltd.
| Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | |
|---|---|---|---|---|
| Promoters | 37.50% | 37.50% | 34.20% | 34.20% |
| Public | 62.50% | 62.50% | 65.80% | 65.80% |
Charges & Borrowings of Vardhman Polytex Ltd
| Date | Lender | Amount | Status |
|---|---|---|---|
| 09 Apr 2026 | Others | ₹120 Cr | Open |
| 02 Apr 2026 | Others | ₹120 Cr | Open |
| 30 Mar 2026 | Others | ₹120 Cr | Open |
| 25 Oct 2016 | Canara Bank | ₹11.4 Lakh | Open |
| 19 Feb 2016 | Canara Bank | ₹19.75 Lakh | Open |
Total charge records: 88 View all charges
Employees and EPFO Compliance at Vardhman Polytex Ltd
Vardhman Polytex Ltd has a workforce of 1,847 employees as of Apr 05, 2024.
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GST Compliance of Vardhman Polytex Ltd
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Credit Ratings, Litigation & Regulatory Alerts for Vardhman Polytex Ltd
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MSME Payment Delays by Vardhman Polytex Ltd
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Subsidiaries & Group Companies of Vardhman Polytex Ltd
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MCA Filings & Documents of Vardhman Polytex Ltd
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Recent Activity on Vardhman Polytex Ltd
Recent News on Vardhman Polytex Ltd
Frequently Asked Questions about Vardhman Polytex Ltd
Vardhman Polytex Ltd is an active public limited company in the manufacturing sector based in Ludhiana, Punjab, India. It was incorporated on 20 August 1980 (46+ years old) and is registered under CIN L17122PB1980PLC004242. Listed on BSE: 514175 and NSE: VARDMNPOLY. The company has 1,847 employees.
Vardhman Polytex Ltd reported revenue of ₹236.7 Cr for FY 2025-26 (down 16.94% YoY) based on standalone financials.
The current directors of Vardhman Polytex Ltd are:
- Suresh Kumar Banka - Director
- Manju Oswal - Director
- Adish Oswal - Managing Director
- Shubham Jain - Additional Director
- Rohit Jain - Director
- Sanchi Taneja - Director
The primary industry of Vardhman Polytex Ltd is manufacturing. The company specifically operates in textile and fabric production. The company is currently active in this sector.
Yes. Vardhman Polytex Ltd is listed on both BSE (code: 514175) and NSE (symbol: VARDMNPOLY).
Vardhman Polytex Ltd can be reached at the registered office: Vardhman Park Chandigarh Road Ludhiana – 141123, Punjab, India – 141123, or through the website vpl.in.