Vardhman Polytex Ltd
Thu 13/03/2025,15:40:3 | NSE : VARDMNPOLY
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Market Data
Essential tool: analyze, trade, manage, decide.
Open
₹ 9.47
Previous Close
₹ 9.33
Volume
103610
Mkt Cap ( Rs. Cr)
₹407.20
High
₹ 9.49
Low
₹ 9.17
52 Week High
₹ 15.39
52 Week Low
₹ 5.76
Book Value Per Share
₹ -8.14
Dividend Yield
0.00
Face Value
₹ 1.00
What’s Your Call?
Collective community sentiment on Vardhman Polytex Ltd
Your Vote -
Buy
92.00%
Hold
0.00%
Sell
8.00%
92.00%
25 users have voted
Market Depth
How many stocks are available to buy or sell and at what prices.
Buy Order Quantity
0%
Sell Order Quantity
100%
Bid Price
Qty
0.00
0
0.00
0
0.00
0
0.00
0
0.00
0
Bid Total
0
Bid Price
Qty
12.16
40
0.00
0
0.00
0
0.00
0
0.00
0
Bid Total
40
Option Chain
Analyzes market sentiment, predicts Vardhman Polytex Ltd' movement.
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News
Media spotlight triggers stock stock attention, sentiment.
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Vardhman Polytex - Closure of operations
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Vardhman Polytex - General Updates
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Vardhman Polytex - Intimation Under Regulation 30- Closure Of Operations At Manufacturing Unit At Ludhiana And Monetization O
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Vardhman Polytex - Reply to Clarification- Financial results
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Vardhman Polytex - Clarification - Financial Results
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Vardhman Polytex - Copy of Newspaper Publication
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Vardhman Polytex - Statement of deviation(s) or variation(s) under Reg. 32
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Vardhman Polytex - Statement Of Deviation For The Quarter Ended 31.12.2024
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Vardhman Polytex - Integrated Filing- Financial
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Vardhman Polytex Q3 net profit zooms 353.11% at Rs 24.06 cr
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Vardhman Polytex - Integrated Filing (Financial)
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Vardhman Polytex - General Updates
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Vardhman Polytex - Land Situated At Bathinda Unit- Status Update
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Vardhman Polytex - Change in Auditors
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Vardhman Polytex - Change In Secretarial Auditor
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Vardhman Polytex - Financial Results For The Quarter Ended 31.12.2024
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Vardhman Polytex - Outcome of Board Meeting
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Vardhman Polytex - Financial Result Updates
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Vardhman Polytex - Board Meeting Outcome for Financial Results For Quarter Ended 31.12.2024
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Vardhman Polytex - Board Meeting Intimation
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Vardhman Polytex - Board Meeting Intimation
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Vardhman Polytex - Updates
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Vardhman Polytex - Shareholder Meeting / Postal Ballot-Scrutinizer\s Report
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Vardhman Polytex - Shareholders meeting
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Vardhman Polytex - Proceedings Of EGM Held On 17.01.2025
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Vardhman Polytex - Shareholders meeting
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Vardhman Polytex - Shareholder Meeting / Postal Ballot-Outcome of EGM
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Vardhman Polytex - Integrated Filing- Financial
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Vardhman Polytex - Trading Window-XBRL
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Vardhman Polytex - Trading Window
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Vardhman Polytex - Copy of Newspaper Publication
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Vardhman Polytex - Notice Of Shareholders Meetings-XBRL
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Vardhman Polytex - Shareholders meeting
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Vardhman Polytex has submitted to BSE the Shareholding Pattern for the Period Ended December 17, 2024
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Vardhman Polytex - Alteration Of Capital and Fund Raising-XBRL
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Vardhman Polytex - Announcement under Regulation 30 (LODR)-Preferential Issue
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Vardhman Polytex - Rights Issue
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Vardhman Polytex - Preferential issue
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Vardhman Polytex - Announcement under Regulation 30 (LODR)-Raising of Funds
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Vardhman Polytex - EGM Scheduled To Be Held On 17 January 2025
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Vardhman Polytex - General Updates
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Vardhman Polytex - Outcome of Board Meeting
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Vardhman Polytex - Outcome of Board Meeting
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Vardhman Polytex - Board Meeting Outcome for Raising Of Funds By Rights Issue And Issue Of Warrants On Preferential Basis
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Vardhman Polytex - Alteration Of Capital and Fund Raising-XBRL
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Vardhman Polytex - Allotment of Securities
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Vardhman Polytex - Outcome of Board Meeting
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Vardhman Polytex - Announcement under Regulation 30 (LODR)-Issue of Securities
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Vardhman Polytex - Announcement under Regulation 30 (LODR)-Allotment
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Vardhman Polytex - Board Meeting Outcome for Allotment Of Shares On Conversion Of Warrants
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Vardhman Polytex - Loss/Duplicate-Share Certificate-XBRL
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Vardhman Polytex - Loss of Share Certificates
Key fundamentals
Evaluate the intrinsic value of Vardhman Polytex Ltd stock
Name | March-24 | March-23 | March-22 | March-21 | March-20 |
---|---|---|---|---|---|
Assets | -284.848 | 85.1777 | 165.4023 | 174.1411 | 198.4977 |
Liabilities | -284.848 | 85.1777 | 165.4023 | 174.1411 | 198.4977 |
Equity | 27.291 | 22.291 | 22.291 | 22.291 | 22.291 |
Gross Profit | -41.8996 | -36.2683 | 59.1804 | 14.2553 | -0.4063 |
Net Profit | -26.7598 | 1.4914 | -15.5555 | -56.6921 | 101.7897 |
Cash From Operating Activities | -13.7831 | 40.3013 | 61.4646 | 24.0322 | 13.4504 |
NPM(%) | -7.21 | 0.24 | -1.67 | -11.15 | 18.15 |
Revenue | 370.6381 | 615.5104 | 928.5951 | 508.2791 | 560.6623 |
Expenses | 412.5377 | 651.7787 | 869.4147 | 494.0238 | 561.0686 |
ROE(%) | 7.53 | -0.42 | 4.38 | 15.96 | -28.67 |
Corporate Action
XD-Date | Dividend-Amount | Dividend-% | Dividend Yield(%GE) | Price on that day |
---|---|---|---|---|
18 Sep 2008 | 2 | 20 | 0 | 55.65 |
30 Aug 2007 | 0.7 | 7 | 0 | 95.2 |
23 Mar 2007 | 3.5 | 35 | 0 | 102.9 |
13 Jul 2006 | 4.2 | 42 | 0 | 101.35 |
04 Aug 2005 | 4.2 | 42 | 0 | 90.6 |
08 Jul 2004 | 4.2 | 42 | 0 | 56.6 |
25 Sep 2003 | 4.2 | 42 | 0 | 51.55 |
29 Aug 2002 | 0 | 42 | 0 | 28.7 |
0 | 0 | 0 | 24.8 | |
02 Jul 2001 | 0 | 42 | 0 | 35 |
0 | 7 | 0 | 30.1 | |
0 | 35 | 0 | 28.95 | |
0 | 35 | 0 | 30 | |
0 | 40 | 0 | 28.5 | |
0 | 40 | 0 | 43.4 | |
0 | 28 | 0 | 37.35 |
Peers
Other companies within the same industry or sector that are comparable to Vardhman Polytex Ltd
Company | Price | Price (% change) | pe(x) | EV/EBITDA(x) | ROE(%) | ROCE(%) |
---|---|---|---|---|---|---|
SEL Manufacturing Company Ltd | 31.04 | 3.29 | 0.00 | 30.82 | -582.33 | 0.00 |
Gangotri Textile Ltd | 0.92 | 0.00 | 0.00 | 30.33 | -0.46 | 0.00 |
SPL Industries Ltd | 39.20 | 3.59 | 10.23 | 26.97 | 40.52 | 0.00 |
AB Cotspin India Ltd | 465.20 | -1.21 | 47.86 | 9.75 | 65.08 | 0.00 |
Company Info
Vardhman Polytex Limited (VPL) (formerly known as Punjab Mohta Polytex Limited) was promoted as a Joint Sector Company by Mohta Industries Limited (MIL) and Punjab State Industrial Development Corporation Limited, (PSIDC), and was incorporated in the name of Punjab Mohta Polytex Limited. In 1988, Mahavir Spinning Mills Limited (MSML) took over with approval of Board of Industrial and Financial Reconstruction (BIFR) a mini steel plant by the name of Mohta Alloys and Steel Works at Ludhiana belonging to Mohta Industries Limited, a sick Company under Section 15(1) of SICA, 1985. Mohta Industries Limited (MIL) had also promoted M/s.Punjab Mohta Polytex Limited (PMPL). Consequent to the take over of MIL by MSML the shareholding of MIL in PMPL passed on to MSML. The shareholding of PSIDC in PMPL was also acquired by MSML in discharge of its obligations under the Joint Sector Agreement entered into by MIL with PSIDC. As a result of this acquisition, PMPL (since renamed as Vardhman Polytex Limited) became a subsidiary of MSML with effect from June, 1989. The Spinning Unit at Bathinda started commercial production in December, 1984 with an installed capacity of 9504 spindles and 504 rotors. In that year, the Company achieved sales of Rs 153 lacs and earned profit before depreciation, interest and tax (PBDIT) of Rs. 52 lacs. In the year 1985-86, the Company was able to increase its sales to Rs.581 lacs and earned PBDIT of Rs. 93 lacs. After becoming a member Company of Vardhman Group in 1988-89, the Company achieved a turnover of Rs. 1642 lacs and earned PBDIT of Rs. 410 lacs. The new management reviewed the project and enhanced the capacity with additions of 12060 spindles thereby increasing the capacity of the spinning unit at Bathinda to 22464 spindles. The expansion was completed during 1980-90. With the implementation of the scheme, the Company's sales in the year 1889-90 increased from Rs. 1642 lacs in 1988-89 to Rs.2154 lacs and earned PBDIT of Rs. 697 lacs in the year 1989-90 as compared to Rs. 410 lacs in the year 1988-89. VPL, in 1990-91, added a new Worsted Spinning Unit at Ludhiana with a capacity of 4800 spindles to manufacture worsted yarn of various counts from acrylic and acrylic/wool blends. The capacity of the plant now stands increased to 8000 spindles. The Company is presently implementing a new Spinning Unit at Baddi, Distt. Nalagarh in Himachal Pradesh with a total installed capacity of 39120 spindles at an estimated project cost of Rs.6825 lacs. The Company commissioned this unit with partial capacity in September, 1993 and till October, 1994 a total of 16416 spindles have been installed and commissioned and the entire scheme is expected to be completed by June, 1995. With the commencement of commercial production by the new spinning unit, the sales of the Company increased to Rs.6315 lacs in 1993-94 against Rs. 5252 lacs in the year 1992-93. PBDIT has also increased to Rs. 1507 lacs in 1993-94 against Rs. 890 lacs in the financial year 1992-93. PRESENT BUSINESS OF THE COMPANY The Company is presently engaged in manufacture of coarse, medium and fine counts of 100% cotton yarn, 100% acrylic yarn, acrylic/cotton yarn, polyester/ cotton yarn and tyre cord yarns. The Company has at present three units located at Bathinda and Ludhiana in Punjab and at Baddi in Himachal Pradesh. The unit wise details of existing manufacturing facilities (as on 31.3.1994) of the Company are as under; ------------------------------------------------------------ Sl. Particulars Location Capacity Product No. ------------------------------------------------------------ 1. Spinning unit Bathinda, 29600 spindles Cotton and Punjab 504 Rotors blended yarns 2. Worsted Ludhiana, 8000 spindles Acrylic / Spinning Unit Punjab worsted yarns 3. Spinning unit Baddi. H.P 9504 spindles Cotton and blended yarns ------------------------------------------------------------ 2002-Vardhman Polytex Ltd has informed BSE that the Board of Directors in its meeting held on August 11, 2001 had forfeited 65263 equity shares due to non-payment of allotment money.After forfeiture of shares, the company had received many requests from the shareholders for annulment of forfeiture, as they were willing to pay the balance allotment money. Taking into consideration of shareholders' requests, the Board of Directors in its meeting held on July 30, 2002 has annuled the forfeiture of shares. 2004 -Vardhman Polytex Limited has informed that the BoD's in its meeting held on July 20, 2004 has appointed Mr. Ashok Oswal as Chairman of the Company 2005 -Vardhman Polytex Ltd has entered into a Memorandum of Understanding (MOU) with M/s F M Hammerle., Austria for participation of equity as equity partner in new joint venture company to be incorporated for the purpose of textile business. 2006 -Vardhman Polytex Ltd has recommended the dividend of 42%. 2007 -Memorandum of Understanding (MOU) was signed between Govt. of Maharashtra and Oswal F M Hammerle Textiles Ltd, Subsidiary Company of the Company. 2008 -Vardhman Polytex Ltd has recommended the dividend of 20% 2011 -Sh Sushil Sharma has been appointed as a Company Secretary as well as Compliance Officer of the Company. 2013 -The Board of Directors has appointed Mr. Amit Jain as an Additional Director on the Board of the Company. -The Board of Directors has appointed Mr. Ashok Kumar Goyal as additional director as well as executive director of the Company. 2014 -The Board of Directors has appointed Mrs. Rakhi Oswal as Additional Director of the Company. 2015 -Vardhman Polytex Ltd Registered Office Address has been redefined to Vardhman Park, Chandigarh Road, Ludhiana -141123 -Registered Office Address of Company has been redefined 'Vardhman Park, Chandigarh Road, Ludhiana- 141123'. 2020 -The company is launching new Product line of Personal Protective Equipment (PPE) Kits including anti-viral anti-bacterial masks certified by NABL. 2024 -The company issued rights shares of Rs. 1 in the ratio of 7:23 at a premium of Rs. 5 per share. -The Company has splits its face value from Rs. 10/- to Rs. 1/-.
Vardhman Polytex Limited (VPL) (formerly known as Punjab Mohta Polytex Limited) was promoted as a Joint Sector Company by Mohta Industries Limited (MIL) and Punjab State Industrial Development Corporation Limited, (PSIDC), and was incorporated in the name of Punjab Mohta Polytex Limited. In 1988, Mahavir Spinning Mills Limited (MSML) took over with approval of Board of Industrial and Financial Reconstruction (BIFR) a mini steel plant by the name of Mohta Alloys and Steel Works at Ludhiana belonging to Mohta Industries Limited, a sick Company under Section 15(1) of SICA, 1985. Mohta Industries Limited (MIL) had also promoted M/s.Punjab Mohta Polytex Limited (PMPL). Consequent to the take over of MIL by MSML the shareholding of MIL in PMPL passed on to MSML. The shareholding of PSIDC in PMPL was also acquired by MSML in discharge of its obligations under the Joint Sector Agreement entered into by MIL with PSIDC. As a result of this acquisition, PMPL (since renamed as Vardhman Polytex Limited) became a subsidiary of MSML with effect from June, 1989. The Spinning Unit at Bathinda started commercial production in December, 1984 with an installed capacity of 9504 spindles and 504 rotors. In that year, the Company achieved sales of Rs 153 lacs and earned profit before depreciation, interest and tax (PBDIT) of Rs. 52 lacs. In the year 1985-86, the Company was able to increase its sales to Rs.581 lacs and earned PBDIT of Rs. 93 lacs. After becoming a member Company of Vardhman Group in 1988-89, the Company achieved a turnover of Rs. 1642 lacs and earned PBDIT of Rs. 410 lacs. The new management reviewed the project and enhanced the capacity with additions of 12060 spindles thereby increasing the capacity of the spinning unit at Bathinda to 22464 spindles. The expansion was completed during 1980-90. With the implementation of the scheme, the Company's sales in the year 1889-90 increased from Rs. 1642 lacs in 1988-89 to Rs.2154 lacs and earned PBDIT of Rs. 697 lacs in the year 1989-90 as compared to Rs. 410 lacs in the year 1988-89. VPL, in 1990-91, added a new Worsted Spinning Unit at Ludhiana with a capacity of 4800 spindles to manufacture worsted yarn of various counts from acrylic and acrylic/wool blends. The capacity of the plant now stands increased to 8000 spindles. The Company is presently implementing a new Spinning Unit at Baddi, Distt. Nalagarh in Himachal Pradesh with a total installed capacity of 39120 spindles at an estimated project cost of Rs.6825 lacs. The Company commissioned this unit with partial capacity in September, 1993 and till October, 1994 a total of 16416 spindles have been installed and commissioned and the entire scheme is expected to be completed by June, 1995. With the commencement of commercial production by the new spinning unit, the sales of the Company increased to Rs.6315 lacs in 1993-94 against Rs. 5252 lacs in the year 1992-93. PBDIT has also increased to Rs. 1507 lacs in 1993-94 against Rs. 890 lacs in the financial year 1992-93. PRESENT BUSINESS OF THE COMPANY The Company is presently engaged in manufacture of coarse, medium and fine counts of 100% cotton yarn, 100% acrylic yarn, acrylic/cotton yarn, polyester/ cotton yarn and tyre cord yarns. The Company has at present three units located at Bathinda and Ludhiana in Punjab and at Baddi in Himachal Pradesh. The unit wise details of existing manufacturing facilities (as on 31.3.1994) of the Company are as under; ------------------------------------------------------------ Sl. Particulars Location Capacity Product No. ------------------------------------------------------------ 1. Spinning unit Bathinda, 29600 spindles Cotton and Punjab 504 Rotors blended yarns 2. Worsted Ludhiana, 8000 spindles Acrylic / Spinning Unit Punjab worsted yarns 3. Spinning unit Baddi. H.P 9504 spindles Cotton and blended yarns ------------------------------------------------------------ 2002-Vardhman Polytex Ltd has informed BSE that the Board of Directors in its meeting held on August 11, 2001 had forfeited 65263 equity shares due to non-payment of allotment money.After forfeiture of shares, the company had received many requests from the shareholders for annulment of forfeiture, as they were willing to pay the balance allotment money. Taking into consideration of shareholders' requests, the Board of Directors in its meeting held on July 30, 2002 has annuled the forfeiture of shares. 2004 -Vardhman Polytex Limited has informed that the BoD's in its meeting held on July 20, 2004 has appointed Mr. Ashok Oswal as Chairman of the Company 2005 -Vardhman Polytex Ltd has entered into a Memorandum of Understanding (MOU) with M/s F M Hammerle., Austria for participation of equity as equity partner in new joint venture company to be incorporated for the purpose of textile business. 2006 -Vardhman Polytex Ltd has recommended the dividend of 42%. 2007 -Memorandum of Understanding (MOU) was signed between Govt. of Maharashtra and Oswal F M Hammerle Textiles Ltd, Subsidiary Company of the Company. 2008 -Vardhman Polytex Ltd has recommended the dividend of 20% 2011 -Sh Sushil Sharma has been appointed as a Company Secretary as well as Compliance Officer of the Company. 2013 -The Board of Directors has appointed Mr. Amit Jain as an Additional Director on the Board of the Company. -The Board of Directors has appointed Mr. Ashok Kumar Goyal as additional director as well as executive director of the Company. 2014 -The Board of Directors has appointed Mrs. Rakhi Oswal as Additional Director of the Company. 2015 -Vardhman Polytex Ltd Registered Office Address has been redefined to Vardhman Park, Chandigarh Road, Ludhiana -141123 -Registered Office Address of Company has been redefined 'Vardhman Park, Chandigarh Road, Ludhiana- 141123'. 2020 -The company is launching new Product line of Personal Protective Equipment (PPE) Kits including anti-viral anti-bacterial masks certified by NABL. 2024 -The company issued rights shares of Rs. 1 in the ratio of 7:23 at a premium of Rs. 5 per share. -The Company has splits its face value from Rs. 10/- to Rs. 1/-.
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Parent Organisation
Vardhman Polytex Ltd.
Founded
20/08/1980
Managing Director
Mr.Adish Oswal
NSE Symbol
VARDMNPOLYBE
FAQ
The current price of Vardhman Polytex Ltd is ₹ 9.34.
The 52-week high for Vardhman Polytex Ltd is ₹ 9.49 and the 52-week low is ₹ 9.17.
The market capitalization of Vardhman Polytex Ltd is currently ₹ 407.20. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.
To buy Vardhman Polytex Ltd shares, you need to have a brokerage account. First, choose a reputable brokerage firm, open an account, and complete the necessary KYC procedures.
To invest in Vardhman Polytex Ltd, you need a brokerage account. After opening an account and completing the KYC process, you can fund your account and use the trading platform to purchase Vardhman Polytex Ltd shares.
The CEO of Vardhman Polytex Ltd is Mr.Adish Oswal, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.