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Vardhman Textiles Ltd

Thu 13/03/2025,15:59:45 | NSE : VTL

₹ 366.25-14.10 (-3.71%)

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Market Data

Essential tool: analyze, trade, manage, decide.

Open

₹ 384.80

Previous Close

₹ 380.35

Volume

174899

Mkt Cap ( Rs. Cr)

₹10591.03

High

₹ 384.95

Low

₹ 364.05

52 Week High

₹ 592.00

52 Week Low

₹ 361.10

Book Value Per Share

₹ 325.98

Dividend Yield

1.08

Face Value

₹ 2.00

What’s Your Call?

Collective community sentiment on Vardhman Textiles Ltd

Your Vote -

Buy

55.88%

Hold

41.18%

Sell

2.94%

55.88%

34 users have voted

Market Depth

How many stocks are available to buy or sell and at what prices.

Buy Order Quantity

100%

Sell Order Quantity

0%

Bid Price

Qty

366.25

92

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0.00

0

Bid Total

92

Bid Price

Qty

0.00

0

0.00

0

0.00

0

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0

0.00

0

Bid Total

0

Option Chain

Analyzes market sentiment, predicts Vardhman Textiles Ltd' movement.

NO_RECORD_FOUND

News

Media spotlight triggers stock stock attention, sentiment.

  • Vardhman Textiles Lt - Updates

    5 Mar 2025, 3:17PM Vardhman Textiles Limited has informed the Exchange regarding 'Demat Report for the month ended February, 2025.'.
  • Vardhman Textiles Lt - Demat Report For The Month Ended February, 2025.

    5 Mar 2025, 3:16PM Please find enclosed herewith Demat Report for the month ended February, 2025.
  • Vardhman Textiles Lt - Demat Report For The Month Ended January, 2025.

    6 Feb 2025, 5:25PM Please find enclosed herewith Demat Report for the month ended January, 2025.
  • Vardhman Textiles Lt - Updates

    6 Feb 2025, 5:24PM Vardhman Textiles Limited has informed the Exchange regarding 'Demat Report for the month ended January, 2025.'.
  • Vardhman Textiles Lt - Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer Agent

    31 Jan 2025, 5:01PM VARDHMAN TEXTILES LIMITED has informed the Exchange about Change in Directors/ Key Managerial Personnel/ Auditor/ Compliance Officer/ Share Transfer A
  • Vardhman Textiles Lt - Announcement under Regulation 30 (LODR)-Change in Management

    31 Jan 2025, 4:59PM Please find enclosed herewith intimation regarding change in Senior Management.
  • Vardhman Textiles Lt - Retirement

    31 Jan 2025, 4:58PM Vardhman Textiles Limited has informed the Exchange about Change in Senior Management.
  • Vardhman Textiles Lt - Analysts/Institutional Investor Meet/Con. Call Updates

    25 Jan 2025, 11:39AM Vardhman Textiles Limited has informed the Exchange about Transcript
  • Vardhman Textiles Lt - Announcement under Regulation 30 (LODR)-Earnings Call Transcript

    25 Jan 2025, 11:40AM Please find enclosed herewith Transcript of the Earnings Conference Call of the Company held on 22.01.2025.
  • Vardhman Textiles Lt - Copy of Newspaper Publication

    23 Jan 2025, 1:00PM Vardhman Textiles Limited has informed the Exchange about Copy of Newspaper Publication
  • Vardhman Textiles Lt - LINK FOR AUDIO RECORDING

    22 Jan 2025, 9:51PM Please find enclosed herewith Link for Audio Recording of Concall held on 22.01.2025.
  • Vardhman Textiles Lt - Analysts/Institutional Investor Meet/Con. Call Updates

    22 Jan 2025, 9:50PM Vardhman Textiles Limited has informed the Exchange about Link of Recording
  • Vardhman Textiles Lt - Updates

    22 Jan 2025, 1:18PM Vardhman Textiles Limited has informed the Exchange regarding 'Revised Sales and Production data for the quarter ended 31.12.2024.'.
  • Vardhman Textiles Lt - Updates

    22 Jan 2025, 12:42PM Vardhman Textiles Limited has informed the Exchange regarding 'Sales and Production Data for the quarter ended 31.12.2024'.
  • Vardhman Textiles Lt - Integrated Filing- Financial

    22 Jan 2025, 12:33PM Please find enclosed herewith Integrated Filing (Financial) for the quarter/ nine-months ended 31.12.2024.
  • Vardhman Textiles Lt - Outcome of Board Meeting

    22 Jan 2025, 12:17PM Vardhman Textiles Limited has informed the Exchange regarding approval of capex in the Board meeting held on January 22, 2025.
  • Vardhman Textiles Lt - Financial Result Updates

    22 Jan 2025, 12:15PM Vardhman Textiles Limited has submitted to the Exchange, the financial results for the period ended December 31, 2024.
  • Vardhman Textiles Lt Q3 net profit up 26.34% at Rs 203.56 cr

    22 Jan 2025, 1:00PM The company reported standalone net profit of Rs 203.56 crore for the quarter ended December 31, 2024 as compared to Rs 161.12 crore in the same perio
  • Vardhman Textiles Lt - Sales And Production Data For The Quarter Ended 31.12.2024

    22 Jan 2025, 12:41PM Please find enclosed herewith Sales and Production data for the quarter ended 31.12.2024.
  • Vardhman Textiles Lt - Integrated Filing (Financial)

    22 Jan 2025, 12:34PM Please find enclosed herewith Integrated Filing (Financial) for the quarter/ nine-months ended 31.12.2024.
  • Vardhman Textiles Lt - ANNOUNCEMENT UNDER REGULATION 30 - APPROVAL OF CAPEX

    22 Jan 2025, 12:19PM Please find enclosed herewith intimation regarding Approval of Capex by the Board of Directors in its meeting held today, i.e. 22.01.2025.
  • Vardhman Textiles Lt - Results - Financial Results For The Quarter/ Nine-Months Ended 31.12.2024.

    22 Jan 2025, 12:14PM Please find enclosed herewith Un-Audited Financial Results of the Company for quarter/ nine-months ended 31.12.2024.\r\n
  • Vardhman Textiles Lt - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

    18 Jan 2025, 5:36PM Please find enclosed herewith intimation regarding Conference Call of the Company scheduled to be held on 22.01.2025.
  • Vardhman Textiles Lt - Analysts/Institutional Investor Meet/Con. Call Updates

    18 Jan 2025, 5:36PM Vardhman Textiles Limited has informed the Exchange about Schedule of meet
  • Vardhman Textiles Lt - Board Meeting Intimation

    15 Jan 2025, 4:38PM VARDHMAN TEXTILES LIMITED has informed the Exchange about Board Meeting to be held on 22-Jan-2025 to inter-alia consider and approve the Unaudited Fin
  • Vardhman Textiles Lt - Board Meeting Intimation for Consideration And Approval Of Un-Audited Financial Results Of The Company

    15 Jan 2025, 4:39PM VARDHMAN TEXTILES LTD.has informed BSE that the meeting of the Board of Directors of the Company is scheduled on 22/01/2025 ,inter alia, to consider a
  • Vardhman Textiles Lt - Updates

    7 Jan 2025, 5:48PM Vardhman Textiles Limited has informed the Exchange regarding 'Demat Report for the month ended December, 2024.'.
  • Vardhman Textiles Lt - Demat Report For The Month Ended December, 2024.

    7 Jan 2025, 5:48PM Please find enclosed herewith Demat Report for the month ended December, 2024.
  • Vardhman Textiles Lt - Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018

    7 Jan 2025, 5:42PM Please find enclosed herewith certificate under Reg. 74(5) of SEBI (DP) Regulations, 2018.
  • Vardhman Textiles Lt - Certificate under SEBI (Depositories and Participants) Regulations, 2018

    7 Jan 2025, 5:42PM Vardhman Textiles Limited has informed the Exchange about Certificate under SEBI (Depositories and Participants) Regulations, 2018
  • Vardhman Textiles Lt - Trading Window-XBRL

    27 Dec 2024, 10:40AM VARDHMAN TEXTILES LIMITED has informed the Exchange about Closure of Trading Window
  • Vardhman Textiles Lt - Trading Window

    27 Dec 2024, 10:35AM Vardhman Textiles Limited has informed the Exchange regarding the Trading Window closure pursuant to SEBI (Prohibition of Insider Trading) Regulations
  • Vardhman Textile to rise fabric capacity by 31 million

    28 Nov 2024 , 11:50AM Vardhman Textile to increase fabric capacity by 31 million meter/annum with Rs. 350 cr investment
  • Vardhman Textiles board to mull stock split on Jan 22

    5 Jan 2022 , 12:02PM Vardhman Textiles' board to meet on January 22, 2022, to consider sub-division of equity shares of the company

Key fundamentals

Evaluate the intrinsic value of Vardhman Textiles Ltd stock 

Name March-24 March-23 March-22 March-21 March-20
Assets 10594.99 9971.1 9519.43 7879.23 7655.37
Liabilities 10594.99 9971.1 9519.43 7879.23 7655.37
Equity 57.83 57.82 57.77 57.56 57.52
Gross Profit 958.39 1285.05 2262.12 739.25 882.78
Net Profit 607.63 749.07 1677.44 350.41 545.49
Cash From Operating Activities -1062.45 1814.81 1429.9 56.55 851.18
NPM(%) 6.53 7.61 17.87 6.05 8.62
Revenue 9298.68 9840.79 9386.1 5787.64 6325.15
Expenses 8340.29 8555.74 7123.98 5048.39 5442.37
ROE(%) 6.44 7.94 17.79 3.71 5.78

Shareholding Pattern

Corporate Action

XD-Date Dividend-Amount Dividend-% Dividend Yield(%GE) Price on that day
06 Sep 2024 4 200 1.09 426.85
02 Nov 2021 34 340 1.09 1799.2
16 Sep 2021 17.5 175 1.09 1309.35
18 Sep 2019 17.5 175 1.09 1121.7
12 Sep 2018 15 150 1.09 1248.3
07 Sep 2017 15 150 1.09 1315.05
17 Mar 2016 15 150 1.09 768.7
05 Aug 2015 10 100 1.09 634.8
03 Sep 2014 6 60 1.09 344.4
03 Sep 2014 5 50 1.09 339.9
14 Aug 2013 6 60 1.09 249.8
16 Aug 2012 4.5 45 1.09 213
08 Jul 2011 4.5 45 1.09 258.05
02 Jul 2010 3 30 1.09 266.3
09 Jul 2009 2 20 1.09 73.3
11 Aug 2008 4 40 1.09 133.65
22 Mar 2007 4 40 1.09 207.25
28 Jul 2006 4 40 1.09 367.75
04 Aug 2005 4.5 45 1.09 413
11 Aug 2004 4.5 45 1.09 127.25
14 Jul 2003 4.2 42 1.09 79.2
13 Aug 2002 0 42 1.09 49.95
0 0 1.09 37.15
0 35 1.09 48.3
0 40 1.09 44.45
0 40 1.09 65.3
0 32 1.09 85.75

Peers

Other companies within the same industry or sector that are comparable to Vardhman Textiles Ltd

Company Price Price (% change) pe(x) EV/EBITDA(x) ROE(%) ROCE(%)
SEL Manufacturing Company Ltd 31.04 3.29 0.00 1218.20 -582.33 0.00
Gangotri Textile Ltd 0.92 0.00 0.00 1198.91 -0.46 0.00
SPL Industries Ltd 39.20 3.59 10.23 1066.18 40.52 0.00
AB Cotspin India Ltd 465.20 -1.21 47.86 385.60 65.08 0.00

Company Info

YEAR EVENTS 1973 - The Company was incorporated on 8th October. The Company was promoted by Vardhman Spinning and General Mills Ltd. The main objective of the Company is manufacturing and spinning of cotton yarn, polyester yarn, staple yarn, acrylic yarn, acetate yarn and sewing thread. 1975 - In Dec., 14,99,989 No. of Equity shares and 19,990-11% Pref. shares issued: 5,99,989 No. of Equity shares reserved and allotted to Vardhman Spinning & General Mills, Ltd, and 9,00,000 No. of Equity shares and 19,990 Pref. shares offered to the public. Pref. shares redeemable as follows: 1 share during 22-10-1985/88, 9 shares during 31-3-1987/90 and 19,990 shares during 2-1-1988/91. 1978 - The Company undertook to set up another textile mill with a capacity of 25,000 spindles at Malarkotla in Sangrur district, another backward area in Punjab. 1980 - 7,50,000 Right Equity shares issued at par in prop. 1:2. 4,10,000 No. of Equity shares allotted to financial institutions on conversion of loans. 1982 - The installed capacity of textile mill in Malarkotla Unit rose to 22,768 spindles by the end of the year. The balance 2,232 spindles were installed. - 10,64,00 Bonus Equity shares issued in prop. 2:5. 1983 - 7,22,400 No. of equity shares issued to financial institutions on conversion of loans. 1984 - The Company entered into an agreement with Punjab State Industrial Development Corporation Ltd. (PSIDC), for setting up a joint sector project to manufacture printing and writing paper with a capacity of 100 tonnes per day. A new company was to be promoted jointly by the Company and PSIDC for this purpose. - The Company issued 15% non-convertible debentures for Rs. 250 lakhs as rights to both equity and preference shareholders for augmenting long term working capital requirements. - 2,00,800 No. of equity shares issued to financial institutions on conversion of loan (including 80,320 bonus shares). 1985 - The Company formulated a modernisation scheme with a view to equip the mill with the latest technology. 1986 - The Memorandum of Understanding/Agreement was entered into between the Company and PSIDC for setting up a project in a joint sector for the manufacture of 12,000 tonnes per annum of polypropylene/filament yarn. - With a view to providing a complete package of sewing thread, the company entered into a joint venture with M/s. Barbour Campbell Group Ltd., Ireland, in the name of Barbour Vardhman Threads Pvt. Ltd. Industrial synthetic thread, the product of the joint venture to be manufactured at Baddi, H.P. finds special application for shoe industry and leather garments. The Company has secured rights to market the products in countries like Nepal, Bangladesh, Pakistan etc. - A letter of intent was received for setting up a weaving unit with a capacity of 300 looms in the State of Madhya Pradesh. Viability of this unit was being examined. - Mohta Industries Ltd. (MIL), a sick unit registered with BIFR under `Sick Industrial Companies (Sp. Provisions) Act, 1985, submitted a proposal to the Company for its merger. The Company responded positively in principle, provided a viable scheme for MIL is framed and approved by financial institutions. 1987 - A new sewing thread introduced in the market under the brand name of `TORA' was well received. 1988 - A letter of intent was obtained for setting up an export oriented spinning unit with a capacity of 25,000 spindles. The proposal of modernisation and expansion for steel unit was under implementation. - The Company undertook to set up a unit at Hoshiarpur for the manufacture of sewing thread. - By virtue of the Scheme Amalgamation approved by the Board for Industrial and Financial Reconstruction (BIFR) 8,25,006 No. of Equity shares of Rs. 10 each of Punjab Mohta Polytex, Ltd. held by erstwhile Mohta Industries, Ltd. became the property of the Company. - By virtue of order dated 28.11.1988 of BIFR, the entire assets, liabilities and obligations of every kind as on 1st April, of Mohta Industries, Ltd. as per the Scheme of Amalgamations moved by both the companies, were taken over by the Company. In Consideration of the above, one fully paid equity share of Rs. 10 each of the Company was allotted against ten fully paid equity shares of Rs. 10 each of Mohta Industries, Ltd. - On 20.10.88, 1 - 11% Pref. share was redeemed. 1,35,916 shares were issued. 1990 - The Company undertook to set up another unit with a capacity of 6 MT per day at Baddi (H.P.). - All Pref. shares redeemed in 1989-90. 19,45,374 bonus shares issued in prop. 2:5 in 1990/91. 1992 - The Expansion & Diversification unit was commissioned. - The 40,000 tpa rolling mill was commissioned in September 1993. - The company also undertook modernisation of SMS division of Vardhman Special Steels. 1993 - The year the steel division undertook to manufacture special alloy steels in rolled products. - The company undertook to set up a gassed and mercerized yarn project at Hoshiarpur with an installed capacity of 3.5 tonnes per day. The company entered into technical collaboration agreement with a Korean company for the said project. - The company issued 51,16,167-14% secured redeemble partly convertible debentures of Rs. 220 each on Rights basis in the ratio of 2 debentures: 3 equity shares held. Each debenture was converted into one equity share at a premium Rs. 100 per share. - The company issued 25,00,000 warrants entitling 25,00,000 equity shares of Rs. 10 each with detachable 12% secured redeemable non convertible debentures of Rs 300 each to promoters on preferential basis. - 51,16,167 No. of equity shares issued (prem. Rs. 100 per share) on conversion of PCDs. 1994 - The modernisation plan of steel division at Ludhiana was implemented by installing a modern energy efficient new furnace and continuous casting system to enable a production of 1.20 lakhs tonnes of billets. - A portion of the 20,160 spindles at Malerkotla unit was converted into a 100% EOU to meet the increasing requirements of international markets. - The company entered into a joint venture agreement with M/s. Marubeni Corporation & Toho Rayon Co. Ltd., Japan for setting up a 100% EOU to manufacture cotton yarn with a capacity of 25,000 spindles at Baddi, HP. In the joint venture to be known in the name of VMT Spinning Company Ltd. - The company signed a technical collaboration agreement with M/s. Kawasaki Heavy Industries Ltd. & Manubeni Corporation for the transfer of technical know-how for manufacture of acrylic fibre with a capacity of 30,000 TPA with two manufacturing lines. - 1,19,24,977 bonus shares allotted in prop. 1:1. 1995 - The Company entered into a joint venture agreement with Japan Exlan Co. Ltd. and Marubeni Corporation of Japan for setting up an acrylic fibre project for manufacture of 16,500 TPA acrylic fibre. The project was being implemented in Vardhman Acrylics Ltd. - The Company issued 14%-40,00,000 preference shares of Rs. 10 each. These are redeemble earliest by 30.6.1997. - 9,50,000 No. of equity shares issued (prem. Rs. 258 per share) to Warrant holders on conversion. 9,50,000 bonus shares issued to prop. 1:1 to the said Warrant holders. - 5,00,000 preference shares issued during the year. 2003 -Company law Board passes an order in the compromise proceedings in the matter of Enakshi Investments Pvt Ltd. and others Vs Vardhaman Polytex Ltd. -Decides to disinvest part of its equity holding in Vardhaman Acrylics. 2004 -Mahavir Spinning Mills Ltd. acquires 2,237,054 shares of Vardhman Acrylics Ltd. amounting to 2.06%, increases its stake in Vardhman Acrylics Ltd. to 38.85% 2005 -Mahavir Spinning has recommended Dividend of 45% on paid up equity share capital of the Company. -Vardhman Textiles has given the Bonus in the Ratio of 1:2 -Company has changed its name from Mahavir Spinning Mills Ltd. to Vardhman Textiles Ltd. 2006 -The Company has been changed from "Mahavir Spinning Mills Ltd" to "Vardhman Textiles Ltd" -The trading symbol of the company be changed from MAHAVIRSPG to VTL 2007 -Vardhman Textiles has declared an interim dividend of 40% on the paid up equity share capital of the Company. 2008 -Vardhman Textiles Ltd has informed that the Company holding 44,175,423 equity shares (40.70%) of Vardhman Acrylics Ltd (VAL) has further acquired 11,700,000 (10.78%) and 3,300,000 (3.04%) equity shares of VAL from its Foreign Collaborators. -Vardhman Textile has entered into Joint Venture Agreement on 24th March, 2008 with American & Efird Inc. (A&E), a subsidiary of Ruddick Corporation, USA, 2009 -Vardhman Textiles has recommended dividend of 20% on paid up equity share capital of the Company. 2010 -Vardhman Textiles has recommended dividend of Rs. 3/- per share on the paid up equity shares of the Company. 2011 -Vardhman Textiles has recommended a Dividend of Rs. 4.50/- per share on the paid up equity shares of the Company 2012 -Vardhman Textiles has recommended a dividend of Rs. 4.50 per share on the fully paid up equity share capital of the Company. 2013 -Vardhman Textiles Ltd has recommended dividend of Rs. 6.00/- per share on the paid up equity shares of the Company. 2014 -Vardhman Group has over 24 manufacturing facilities in five states. -Mr. Suresh Khatanhar has been nominated as the Director of the Company by IDBI Bank Limited. -Vardhman Textiles Ltd has recommended a dividend of Rs. 6/- per share on fully paid up equity shares of the Company. 2017 -This is to inform you that the Company has purchased entire stake of Marubeni Corporation (6.67%) and Marubeni Hong Kong and South China Limited (3.89%) in its subsidiary, M/s VMT Spinning Company Limited (VMT). The Company earlier was holding 89.44% shares of VMT and with this purchase VMT has become its 100% subsidiary 2018 -HDFC Mutual Fund picked up 1 per cent stake in Vardhman Textiles for over Rs 71 crore through an open market transaction, reported PTI. -Vardhman Textiles Limited has informed that the board of directors of Vardhman Textiles Limited (??Company??), at its meeting held on August 13, 2019, considered and approved the scheme of arrangement amongst VMT Spinning Company Limited (??Transferor Company 1??), VTL Investments Limited (??Transferor Company 2??), Vardhman Nisshinbo Garments Company Limited (??Transferor Company 3??), Vardhman Acrylics Limited (??Transferor Company 4??) (collectively referred to as the, ??Transferor Companies??), and the Company, and their respective shareholders and creditors, in relation to the merger of the Transferor Companies with and into the Company -Gold Award in ICQCC 2019 -Multiple TEXPROCIL honours for Highest Exports -Gold Award in ICQCC -SRTEPC Export Award 2020 -Platinum Award in ICQCC -Frost & Sullivan & TERI Sustainab 2021 -India CSR Project of the Year Award 2022 -Company win Award for Institution Building by World HRD Congress. 2023 -Vardhman was prominently showcased in Fortune India's distinguished compilation titled "Employers Of The Future."

YEAR EVENTS 1973 - The Company was incorporated on 8th October. The Company was promoted by Vardhman Spinning and General Mills Ltd. The main objective of the Company is manufacturing and spinning of cotton yarn, polyester yarn, staple yarn, acrylic yarn, acetate yarn and sewing thread. 1975 - In Dec., 14,99,989 No. of Equity shares and 19,990-11% Pref. shares issued: 5,99,989 No. of Equity shares reserved and allotted to Vardhman Spinning & General Mills, Ltd, and 9,00,000 No. of Equity shares and 19,990 Pref. shares offered to the public. Pref. shares redeemable as follows: 1 share during 22-10-1985/88, 9 shares during 31-3-1987/90 and 19,990 shares during 2-1-1988/91. 1978 - The Company undertook to set up another textile mill with a capacity of 25,000 spindles at Malarkotla in Sangrur district, another backward area in Punjab. 1980 - 7,50,000 Right Equity shares issued at par in prop. 1:2. 4,10,000 No. of Equity shares allotted to financial institutions on conversion of loans. 1982 - The installed capacity of textile mill in Malarkotla Unit rose to 22,768 spindles by the end of the year. The balance 2,232 spindles were installed. - 10,64,00 Bonus Equity shares issued in prop. 2:5. 1983 - 7,22,400 No. of equity shares issued to financial institutions on conversion of loans. 1984 - The Company entered into an agreement with Punjab State Industrial Development Corporation Ltd. (PSIDC), for setting up a joint sector project to manufacture printing and writing paper with a capacity of 100 tonnes per day. A new company was to be promoted jointly by the Company and PSIDC for this purpose. - The Company issued 15% non-convertible debentures for Rs. 250 lakhs as rights to both equity and preference shareholders for augmenting long term working capital requirements. - 2,00,800 No. of equity shares issued to financial institutions on conversion of loan (including 80,320 bonus shares). 1985 - The Company formulated a modernisation scheme with a view to equip the mill with the latest technology. 1986 - The Memorandum of Understanding/Agreement was entered into between the Company and PSIDC for setting up a project in a joint sector for the manufacture of 12,000 tonnes per annum of polypropylene/filament yarn. - With a view to providing a complete package of sewing thread, the company entered into a joint venture with M/s. Barbour Campbell Group Ltd., Ireland, in the name of Barbour Vardhman Threads Pvt. Ltd. Industrial synthetic thread, the product of the joint venture to be manufactured at Baddi, H.P. finds special application for shoe industry and leather garments. The Company has secured rights to market the products in countries like Nepal, Bangladesh, Pakistan etc. - A letter of intent was received for setting up a weaving unit with a capacity of 300 looms in the State of Madhya Pradesh. Viability of this unit was being examined. - Mohta Industries Ltd. (MIL), a sick unit registered with BIFR under `Sick Industrial Companies (Sp. Provisions) Act, 1985, submitted a proposal to the Company for its merger. The Company responded positively in principle, provided a viable scheme for MIL is framed and approved by financial institutions. 1987 - A new sewing thread introduced in the market under the brand name of `TORA' was well received. 1988 - A letter of intent was obtained for setting up an export oriented spinning unit with a capacity of 25,000 spindles. The proposal of modernisation and expansion for steel unit was under implementation. - The Company undertook to set up a unit at Hoshiarpur for the manufacture of sewing thread. - By virtue of the Scheme Amalgamation approved by the Board for Industrial and Financial Reconstruction (BIFR) 8,25,006 No. of Equity shares of Rs. 10 each of Punjab Mohta Polytex, Ltd. held by erstwhile Mohta Industries, Ltd. became the property of the Company. - By virtue of order dated 28.11.1988 of BIFR, the entire assets, liabilities and obligations of every kind as on 1st April, of Mohta Industries, Ltd. as per the Scheme of Amalgamations moved by both the companies, were taken over by the Company. In Consideration of the above, one fully paid equity share of Rs. 10 each of the Company was allotted against ten fully paid equity shares of Rs. 10 each of Mohta Industries, Ltd. - On 20.10.88, 1 - 11% Pref. share was redeemed. 1,35,916 shares were issued. 1990 - The Company undertook to set up another unit with a capacity of 6 MT per day at Baddi (H.P.). - All Pref. shares redeemed in 1989-90. 19,45,374 bonus shares issued in prop. 2:5 in 1990/91. 1992 - The Expansion & Diversification unit was commissioned. - The 40,000 tpa rolling mill was commissioned in September 1993. - The company also undertook modernisation of SMS division of Vardhman Special Steels. 1993 - The year the steel division undertook to manufacture special alloy steels in rolled products. - The company undertook to set up a gassed and mercerized yarn project at Hoshiarpur with an installed capacity of 3.5 tonnes per day. The company entered into technical collaboration agreement with a Korean company for the said project. - The company issued 51,16,167-14% secured redeemble partly convertible debentures of Rs. 220 each on Rights basis in the ratio of 2 debentures: 3 equity shares held. Each debenture was converted into one equity share at a premium Rs. 100 per share. - The company issued 25,00,000 warrants entitling 25,00,000 equity shares of Rs. 10 each with detachable 12% secured redeemable non convertible debentures of Rs 300 each to promoters on preferential basis. - 51,16,167 No. of equity shares issued (prem. Rs. 100 per share) on conversion of PCDs. 1994 - The modernisation plan of steel division at Ludhiana was implemented by installing a modern energy efficient new furnace and continuous casting system to enable a production of 1.20 lakhs tonnes of billets. - A portion of the 20,160 spindles at Malerkotla unit was converted into a 100% EOU to meet the increasing requirements of international markets. - The company entered into a joint venture agreement with M/s. Marubeni Corporation & Toho Rayon Co. Ltd., Japan for setting up a 100% EOU to manufacture cotton yarn with a capacity of 25,000 spindles at Baddi, HP. In the joint venture to be known in the name of VMT Spinning Company Ltd. - The company signed a technical collaboration agreement with M/s. Kawasaki Heavy Industries Ltd. & Manubeni Corporation for the transfer of technical know-how for manufacture of acrylic fibre with a capacity of 30,000 TPA with two manufacturing lines. - 1,19,24,977 bonus shares allotted in prop. 1:1. 1995 - The Company entered into a joint venture agreement with Japan Exlan Co. Ltd. and Marubeni Corporation of Japan for setting up an acrylic fibre project for manufacture of 16,500 TPA acrylic fibre. The project was being implemented in Vardhman Acrylics Ltd. - The Company issued 14%-40,00,000 preference shares of Rs. 10 each. These are redeemble earliest by 30.6.1997. - 9,50,000 No. of equity shares issued (prem. Rs. 258 per share) to Warrant holders on conversion. 9,50,000 bonus shares issued to prop. 1:1 to the said Warrant holders. - 5,00,000 preference shares issued during the year. 2003 -Company law Board passes an order in the compromise proceedings in the matter of Enakshi Investments Pvt Ltd. and others Vs Vardhaman Polytex Ltd. -Decides to disinvest part of its equity holding in Vardhaman Acrylics. 2004 -Mahavir Spinning Mills Ltd. acquires 2,237,054 shares of Vardhman Acrylics Ltd. amounting to 2.06%, increases its stake in Vardhman Acrylics Ltd. to 38.85% 2005 -Mahavir Spinning has recommended Dividend of 45% on paid up equity share capital of the Company. -Vardhman Textiles has given the Bonus in the Ratio of 1:2 -Company has changed its name from Mahavir Spinning Mills Ltd. to Vardhman Textiles Ltd. 2006 -The Company has been changed from "Mahavir Spinning Mills Ltd" to "Vardhman Textiles Ltd" -The trading symbol of the company be changed from MAHAVIRSPG to VTL 2007 -Vardhman Textiles has declared an interim dividend of 40% on the paid up equity share capital of the Company. 2008 -Vardhman Textiles Ltd has informed that the Company holding 44,175,423 equity shares (40.70%) of Vardhman Acrylics Ltd (VAL) has further acquired 11,700,000 (10.78%) and 3,300,000 (3.04%) equity shares of VAL from its Foreign Collaborators. -Vardhman Textile has entered into Joint Venture Agreement on 24th March, 2008 with American & Efird Inc. (A&E), a subsidiary of Ruddick Corporation, USA, 2009 -Vardhman Textiles has recommended dividend of 20% on paid up equity share capital of the Company. 2010 -Vardhman Textiles has recommended dividend of Rs. 3/- per share on the paid up equity shares of the Company. 2011 -Vardhman Textiles has recommended a Dividend of Rs. 4.50/- per share on the paid up equity shares of the Company 2012 -Vardhman Textiles has recommended a dividend of Rs. 4.50 per share on the fully paid up equity share capital of the Company. 2013 -Vardhman Textiles Ltd has recommended dividend of Rs. 6.00/- per share on the paid up equity shares of the Company. 2014 -Vardhman Group has over 24 manufacturing facilities in five states. -Mr. Suresh Khatanhar has been nominated as the Director of the Company by IDBI Bank Limited. -Vardhman Textiles Ltd has recommended a dividend of Rs. 6/- per share on fully paid up equity shares of the Company. 2017 -This is to inform you that the Company has purchased entire stake of Marubeni Corporation (6.67%) and Marubeni Hong Kong and South China Limited (3.89%) in its subsidiary, M/s VMT Spinning Company Limited (VMT). The Company earlier was holding 89.44% shares of VMT and with this purchase VMT has become its 100% subsidiary 2018 -HDFC Mutual Fund picked up 1 per cent stake in Vardhman Textiles for over Rs 71 crore through an open market transaction, reported PTI. -Vardhman Textiles Limited has informed that the board of directors of Vardhman Textiles Limited (??Company??), at its meeting held on August 13, 2019, considered and approved the scheme of arrangement amongst VMT Spinning Company Limited (??Transferor Company 1??), VTL Investments Limited (??Transferor Company 2??), Vardhman Nisshinbo Garments Company Limited (??Transferor Company 3??), Vardhman Acrylics Limited (??Transferor Company 4??) (collectively referred to as the, ??Transferor Companies??), and the Company, and their respective shareholders and creditors, in relation to the merger of the Transferor Companies with and into the Company -Gold Award in ICQCC 2019 -Multiple TEXPROCIL honours for Highest Exports -Gold Award in ICQCC -SRTEPC Export Award 2020 -Platinum Award in ICQCC -Frost & Sullivan & TERI Sustainab 2021 -India CSR Project of the Year Award 2022 -Company win Award for Institution Building by World HRD Congress. 2023 -Vardhman was prominently showcased in Fortune India's distinguished compilation titled "Employers Of The Future."

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Parent Organisation

Vardhman Textiles Ltd.

Founded

08/10/1973

Managing Director

Mr.Shri Paul Oswal

NSE Symbol

VTLEQ

FAQ

The current price of Vardhman Textiles Ltd is ₹ 366.25.

The 52-week high for Vardhman Textiles Ltd is ₹ 384.95 and the 52-week low is ₹ 364.05.

The market capitalization of Vardhman Textiles Ltd is currently ₹ 10591.03. This value can fluctuate based on stock price movements and changes in the number of shares outstanding.

To buy Vardhman Textiles 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 Textiles 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 Textiles Ltd shares.

The CEO of Vardhman Textiles Ltd is Mr.Shri Paul Oswal, who has been leading the company with a vision to expand its renewable energy portfolio and drive sustainable growth.

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