Vardhman Textiles Ltd
About
Vardhman Textiles is an Indian textile company currently headed by S.P. Oswal. With a presence in over 75 countries and 18 manufacturing facilities within India, Vardhman Textiles have a production capacity of 240,000 metric tonnes of yarn and 220 million meters of woven fabric. Through its facilities in Punjab, Himachal Pradesh, Madhya Pradesh, and Gujarat, the company can churn out 670 metric tonnes of yarn per day and 180 million meters of fabrics per annum. In addition to this, Vardhman Textiles also produces fibres, garments, threads, acrylic fibres, and special steels. Known for its reliability, consistency, and flexibility, Vardhman is pervasive across its product, people, and process practices. Through their sustainability framework, PRO—Proactively Responsible Organisation, the company is committed to its sustainability initiatives to bring about a positive long-term impact across the globe.
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Financial Data 2024
Fortune India Coverage
Financial Data
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (INR Cr) | 9777 -5.6% | 10357 0.6% | 10292 63.5% | 6295 -9.8% | 6980 -1.8% | 7108 9.3% | 6501 -3.1% | 6711 11.7% | 6008 -11.7% | 6807 5.2% | 6472 25.7% | 5147 12.7% | 4569 -3.6% | 4741 35.7% | 3493 10.4% | 3165 - |
| Net Operating Income (INR Cr) | 9505 -6.24% | 10137 5.35% | 9622 56.72% | 6140 -8.84% | 6735 -2.08% | 6878 10.08% | 6248 3.62% | 6030 2.91% | 5860 -13.65% | 6786 10.05% | 6166 24.02% | 4972 7.14% | 4641 5.03% | 4418 31.85% | 3351 12.89% | 2968 24.32% |
| Profit (INR Cr) | 632 -20.6% | 795 -48.6% | 1547 273.3% | 414 -28.3% | 578 -21.0% | 731 25.7% | 581 -40.8% | 981 59.7% | 615 53.6% | 400 -44.3% | 718 101.6% | 356 152.1% | 141 -73.1% | 525 100.9% | 261 52.7% | 171 - |
| Assets (INR Cr) | 11012 6.2% | 10366 5.1% | 9862 12.4% | 8771 4.1% | 8429 5.1% | 8020 8.2% | 7414 11.4% | 6655 -1.6% | 6760 4.3% | 6481 -6.4% | 6921 14.4% | 6052 13.9% | 5313 -4.0% | 5532 22.4% | 4519 9.0% | 4145 - |
| Net Worth (INR Cr) | 9100 6.3% | 8563 11.2% | 7704 19.1% | 6468 7.0% | 6048 8.2% | 5591 12.9% | 4954 15.9% | 4273 6.8% | 4000 18.5% | 3375 7.8% | 3132 25.0% | 2506 13.6% | 2207 -2.5% | 2264 41.1% | 1604 16.0% | 1383 9.5% |
| Employee Cost (INR Cr) | 840 9.5% | 767 5.2% | 729 23.6% | 590 -1.0% | 596 8.3% | 550 8.7% | 506 5.7% | 479 10.4% | 434 -3.3% | 448 9.7% | 409 17.0% | 349 19.5% | 292 6.9% | 274 27.3% | 215 7.4% | 200 - |
| Interest Cost (INR Cr) | 102 | 102 | 100 | 113 | 135 | 120 | 118 | 129 | 89 | 125 | 151 | 177 | 174 | 137 | 118 | 129 |
| Cash & Bank Balance (INR Cr) | 88 | 374 | 122 | 212 | 280 | 44 | 74 | 45 | 279 | 203 | 81 | 65 | 84 | 71 | 262 | 373 |
| Total Debt (INR Cr) | 1791 | 1678 | 1983 | 2132 | 2221 | 2278 | 2321 | 2238 | 2630 | 2640 | 3373 | 3174 | 2757 | 2944 | 2643 | 2533 |
Key Financial Ratios
| PARAMETERS | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 | 2012 | 2011 | 2010 | 2009 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Profit As % Of Revenues | 6.5% | 7.7% | 15.0% | 6.6% | 8.3% | 10.3% | 8.9% | 14.6% | 10.2% | 5.9% | 11.1% | 6.9% | 3.1% | 11.1% | 7.5% | 5.4% |
| Profit As % Of Assets | 5.7% | 7.7% | 15.7% | 4.7% | 6.9% | 9.1% | 7.8% | 14.8% | 9.1% | 6.2% | 10.4% | 5.9% | 2.7% | 9.5% | 5.8% | 4.1% |
| Profit As % Of Networth | 6.9% | 9.3% | 20.1% | 6.4% | 9.6% | 13.1% | 11.7% | 23.0% | 15.4% | 11.9% | 22.9% | 14.2% | 6.4% | 23.2% | 16.3% | 12.4% |
| Interest Cost to EBITDA % | 10.5% | 7.7% | 4.4% | 13.9% | 14.4% | 10.0% | 13.1% | 10.7% | 7.6% | 11.2% | 10.4% | 18.2% | 28.2% | 12.5% | 16.7% | 28.5% |
| Debt to Equity Ratio | 0.20 | 0.20 | 0.26 | 0.33 | 0.37 | 0.41 | 0.47 | 0.52 | 0.66 | 0.78 | 1.08 | 1.27 | 1.25 | 1.30 | 1.65 | 1.83 |
| RONW | 7.2% | 9.9% | 21.9% | 6.8% | 10.2% | 12.6% | 10.7% | 15.9% | 16.9% | 13.7% | 27.2% | 15.2% | 6.6% | 25.5% | 17.3% | 13.0% |
| ROCE | 8.8% | 11.6% | 23.6% | 7.9% | 9.8% | 14.0% | 10.9% | 15.2% | 15.1% | 11.9% | 19.6% | 13.3% | 7.5% | 17.7% | 12.2% | 10.1% |