Stock VTL VARDHMAN TEXTILES LIMITED
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Financials Vardhman Textiles Limited

Equities

VTL

INE825A01020

Textiles & Leather Goods

Market Closed - Bombay S.E.
Other stock markets
 06:00:50 2024-04-26 am EDT 		5-day change 1st Jan Change
451.3 INR -2.07% Intraday chart for Vardhman Textiles Limited -1.57% +17.21%
Jan. 25 Transcript : Vardhman Textiles Limited, Q3 2024 Earnings Call, Jan 25, 2024
Jan. 24 Vardhman Textiles Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023 CI

Valuation

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Capitalization 1 60,925 35,987 74,837 125,815 84,931 130,505 - -
Enterprise Value (EV) 1 80,238 53,220 91,206 136,791 84,931 139,789 134,093 129,594
P/E ratio 8.42 x 6.17 x 18 x 8 x 10.5 x 20.8 x 12.7 x 10.5 x
Yield 1.62% - 1.35% - 1.19% 0.81% 1.38% 1.74%
Capitalization / Revenue 0.89 x 0.53 x 1.22 x 1.31 x 0.84 x 1.36 x 1.26 x 1.16 x
EV / Revenue 1.17 x 0.79 x 1.49 x 1.42 x 0.84 x 1.45 x 1.29 x 1.16 x
EV / EBITDA 6.63 x 5.68 x 11.2 x 6.02 x 6.41 x 14.4 x 9.01 x 7.28 x
EV / FCF -19.6 x 27.7 x 32.6 x 14.8 x 6.9 x 56.3 x -89.3 x 27.7 x
FCF Yield -5.1% 3.62% 3.06% 6.77% 14.5% 1.78% -1.12% 3.61%
Price to Book 1.09 x 0.58 x 1.16 x 1.61 x 0.97 x 1.39 x 1.25 x 1.11 x
Nbr of stocks (in thousands) 282,373 287,594 287,813 288,864 289,127 289,175 - -
Reference price 2 215.8 125.1 260.0 435.6 293.8 451.3 451.3 451.3
Announcement Date 5/9/19 6/23/20 5/25/21 5/21/22 5/5/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Annual data)

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Net sales 1 68,779 67,350 61,399 96,223 101,375 96,185 103,985 112,130
EBITDA 1 12,097 9,374 8,138 22,739 13,240 9,704 14,887 17,798
EBIT 1 9,557 6,041 4,500 19,064 9,296 7,698 12,614 15,294
Operating Margin 13.89% 8.97% 7.33% 19.81% 9.17% 8% 12.13% 13.64%
Earnings before Tax (EBT) 1 10,587 6,555 5,589 20,709 10,599 7,818 12,941 15,759
Net income 1 7,307 5,775 4,099 15,469 7,952 6,170 10,042 12,163
Net margin 10.62% 8.57% 6.68% 16.08% 7.84% 6.42% 9.66% 10.85%
EPS 2 25.64 20.29 14.41 54.42 27.95 21.73 35.40 42.87
Free Cash Flow 1 -4,092 1,924 2,794 9,255 12,311 2,483 -1,502 4,680
FCF margin -5.95% 2.86% 4.55% 9.62% 12.14% 2.58% -1.44% 4.17%
FCF Conversion (EBITDA) - 20.53% 34.33% 40.7% 92.98% 25.59% - 26.3%
FCF Conversion (Net income) - 33.31% 68.15% 59.83% 154.82% 40.24% - 38.48%
Dividend per Share 2 3.500 - 3.500 - 3.500 3.667 6.233 7.867
Announcement Date 5/9/19 6/23/20 5/25/21 5/21/22 5/5/23 - - -
1INR in Million2INR
Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: Maart 2021 Q3 2021 Q4 2022 Q1 2022 Q2 2022 Q3 2022 Q4 2023 Q1 2023 Q2 2023 Q3 2023 Q4 2024 Q1 2024 Q2 2024 Q3 2024 Q4
Net sales 1 17,501 19,471 19,270 23,851 26,032 27,071 28,118 24,696 23,705 24,856 23,183 23,895 23,904 25,606
EBITDA 1 2,767 3,942 4,788 6,765 6,381 4,992 5,256 3,579 1,785 2,620 2,154 2,568 2,308 3,017
EBIT 1,851 - - - - - - - - - - - - -
Operating Margin 10.58% - - - - - - - - - - - - -
Earnings before Tax (EBT) 2,186 - - - - - - - - - - - 1,862 2,546
Net income 1 1,705 2,435 - - - - - - - 1,587 1,365 1,725 1,504 1,993
Net margin 9.74% 12.5% - - - - - - - 6.39% 5.89% 7.22% 6.29% 7.78%
EPS 2 5.994 8.566 - - - - - - 3.600 - 4.800 6.070 5.155 7.020
Dividend per Share - - - - - - - - - - - - - -
Announcement Date 1/21/21 5/25/21 7/29/21 10/27/21 1/22/22 5/21/22 7/22/22 10/28/22 1/25/23 5/5/23 8/4/23 - - -
1INR in Million2INR
Estimates

Balance Sheet Analysis

Fiscal Period: Maart 2019 2020 2021 2022 2023 2024 2025 2026
Net Debt 1 19,314 17,233 16,369 10,976 - 9,284 3,588 -
Net Cash position 1 - - - - - - - 911
Leverage (Debt/EBITDA) 1.597 x 1.839 x 2.011 x 0.4827 x - 0.9567 x 0.241 x -
Free Cash Flow 1 -4,092 1,924 2,794 9,255 12,311 2,483 -1,502 4,681
ROE (net income / shareholders' equity) 13.9% 9.92% 6.55% 21.8% 9.64% 6.95% 10.7% 11%
ROA (Net income/ Total Assets) - - - - - - - -
Assets 1 - - - - - - - -
Book Value Per Share 2 198.0 214.0 225.0 271.0 304.0 325.0 361.0 406.0
Cash Flow per Share - - - - - - - -
Capex 1 9,082 6,570 2,430 5,191 6,217 3,501 5,676 7,676
Capex / Sales 13.2% 9.76% 3.96% 5.39% 6.13% 3.64% 5.46% 6.85%
Announcement Date 5/9/19 6/23/20 5/25/21 5/21/22 5/5/23 - - -
1INR in Million2INR
Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Vardhman Textiles Limited

Trading Rating
Investor Rating
ESG Refinitiv
C+
More Ratings

Analysts' Consensus

Sell
Consensus
Buy
Mean consensus
BUY
Number of Analysts
4
Last Close Price
451.3 INR
Average target price
443.5 INR
Spread / Average Target
-1.73%
Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

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Yarn Goods
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