Vardhman Textiles logo

Vardhman Textiles share price

NSE: VTLBSE: 502986Textiles & ApparelsSmall Cap

Formerly Mahavir Spinning Mills
Last close ₹501.45down ₹1.55 (0.31%)BSE ₹500.35

Share price at the NSE close on 23 Oct 2026. Previous close ₹503.00.

52-week range of traded prices to 23 Oct 2026
₹391.00Low, 21 Jan 2026₹688.00High, 6 Jul 2026
Market cap
₹14,521 Cr409th largest listed
P/E
17.1
P/B
1.4
Dividend yield
1.00%
ROE
8.3%
ROCE
7.3%
Debt to equity
0.18
Volume, NSE
2,07,58452.2% delivered

Share price

Daily closes since Jan 2007, adjusted for splits and bonuses

+14.6%over a year

Results20-session average 3,32,880 shares a day, 48.5% delivered

Results

Consolidated; ₹ crore, the charts by years to March, the table by quarter.Quarterly results

Quarter to Jun 2026, against the quarter beforeFiled 30 Jul

Revenue
₹2,703 Crup 8.21%
Net profit
₹315 Crup 66.21%
Net margin
11.6%

Revenue by year

Peak revenue ₹10,137 Cr, year to Mar 2023

Net profit by year, a loss in red

₹ croreSep 2024Filed 30 OctDec 2024Filed 22 JanMar 2025Filed 10 JunJun 2025Filed 22 JulSep 2025Filed 23 OctDec 2025Filed 21 JanMar 2026Filed 7 MayJun 2026Filed 30 Jul
Revenue2,5022,4652,5092,3862,4802,5052,4982,703
Net profit197212238208188169189315
Net margin7.9%8.6%9.5%8.7%7.6%6.7%7.6%11.6%
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.

Business segments

Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit

  • Textiles₹9,652 Crup 0.68%96.8%
  • Acrylic Fibre₹319 Crup 13.14%3.2%
The pill is the change in revenue on the year before; the share is of all the businesses together.

Valuation

Today, against the company's own history.PE ratio and valuation history

Price to earnings

At or below today's level on 72% of 2,355 trading days over the last 10 years.

LowestHighest
Its median12.2Industry median14.4
Price to book

At or below today's level on 65% of 1,969 trading days since Nov 2018.

LowestHighest
Its median1.2Industry median1.1
EV to EBITDA11.8

At or below today's level on 65% of 1,969 trading days since Nov 2018.

LowestHighest
Its median9.7Industry median10.4
Dividend yield

At or below today's level on 51% of 2,469 trading days over the last 10 years.

LowestHighest
Its median0.98%Industry median0.50%

Where the return came from

Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.

OverReturn a yearEarnings growthChange in P/EDividend yield
1 year+33.5%−15.7%+57.2%1.0%
3 years+22.3%−2.2%+24.0%1.0%
5 years+16.2%+12.5%+2.3%1.2%
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.

Who owns it

Per cent of the company's shares, from the filing for Sep 2026.Shareholding pattern

Shareholding by group

  • Promoters65.06%
  • Foreign institutions6.43%
  • Indian institutions14.17%
  • Individuals and others14.35%
Holder
VARDHMAN HOLDINGS LIMITEDPromoter28.96%
ADISHWAR ENTERPRISES LLPPromoter17.82%
DEVAKAR INVESTMENT AND TRADING COMPANY PRIVATE LIMITEDPromoter11.72%
VTL INVESTMENTS LIMITEDPromoter1.61%
SHRI PAUL OSWALPromoter1.03%
FLAMINGO FINANCE AND INVESTMENT COMPANY LIMITEDPromoter0.92%
Holders are named in the company's own words: an insurer's holding can carry one of its funds' names. Mutual funds are left out here and listed fund by fund below.

Mutual funds holding it

62 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 46 of the 51 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.Mutual fund holdings

Added
16
Cut
35
Held unchanged
11
Sold out
1
Fund
HDFC Mutual Fund logoHDFC Small Cap FundHDFC Mutual Fund93,42,2111.22%₹499.4 Cr
Nippon India Mutual Fund logoNippon India Small Cap FundNippon India Mutual Fund84,65,8280.56%₹452.6 Cr
HDFC Mutual Fund logoHDFC Mid Cap FundHDFC Mutual Fund57,44,6010.30%₹307.1 Cr
DSP Mutual Fund logoDSP Small Cap FundDSP Mutual Fund38,15,7860.95%₹204.0 Cr
HSBC Mutual Fund logoHSBC Value FundHSBC Mutual Fund27,01,0230.98%₹144.4 Cr
HDFC Mutual Fund logoHDFC Aggressive Hybrid FundHDFC Mutual Fund10,50,3400.27%₹56.2 Cr
HDFC Mutual Fund logoHDFC Dividend Yield FundHDFC Mutual Fund6,14,2610.62%₹32.8 Cr
Bajaj Finserv Mutual Fund logoBajaj Finserv Small Cap FundBajaj Finserv Mutual Fund4,80,5660.93%₹25.7 Cr
DSP Mutual Fund logoDSP Multi Cap FundDSP Mutual Fund4,28,9420.80%₹22.9 Cr
Bank of India Mutual Fund logoBank of India Small Cap FundBank of India Mutual Fund4,00,0000.58%₹21.4 Cr
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.

Peers and competitors

Other Textile Products, 270 listed companies, priced on 23 Oct 2026. The table lists the 8 companies closest to Vardhman Textiles in market cap. 1 company in its own group left out: one owns more than half of the other, directly or through a company it controls, or one owner more than half of both.

Where the company sits among the companies nearest its size

Return on equity across, P/E up, size is market cap
Company
K.P.R. Mill logoK.P.R. MillKPRMILL35,02238.46.125.7+4.2%+10.7%17.1%17.7%0.49%
Welspun Living logoWelspun LivingWELSPUNLIV19,83271.44.024.3−3.3%−48.7%5.7%7.0%0.05%
Trident logoTridentTRIDENT10,44226.42.213.2−2.4%−9.5%8.4%8.9%2.44%
Indo Count Industries logoIndo Count IndustriesICIL7,80651.73.320.6+5.3%−27.2%6.5%7.5%0.38%
Garware Technical Fibres logoGarware Technical FibresGARFIBRES7,22934.45.323.3+4.6%−11.7%16.2%19.3%1.22%
Kusumgar logoKusumgarKUSUMGAR5,764–––––––0.00%
Sanathan Textiles logoSanathan TextilesSANATHAN4,21069.32.217.1+48.5%−59.7%3.3%6.2%0.00%
Filatex India logoFilatex IndiaFILATEX4,07621.32.712.0+0.2%+34.4%13.5%16.4%0.33%
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.

Dividends

Per share, by the year it was paid for, and the latest payments.Dividend history and dates

Dividend per share, ₹, restated for later splits and bonuses

Highest ₹6.80 a share, year to Mar 2022.
Ex-dateTypePer share
28 Aug 2026Final₹5.00
12 Sep 2025Final₹5.00
6 Sep 2024Final₹4.00
15 Sep 2023Final₹3.50
2 Nov 2021Interim₹34.00
16 Sep 2021Final₹17.50
Latest payments, as declared, by ex-date.

Latest announcements

Routine notices left out.Share news and announcements

Vardhman Textiles share price by year

Each calendar year to 2025.Vardhman Textiles share price history

YearClose at year endChangeHighest closeLowest close
2025437.55−13.5%515.50364.45
2024506.00+31.0%568.45378.15
2023386.15+17.0%424.25274.75
2022330.15−28.8%562.68250.80
2021463.68+113.7%468.67204.87
2020217.02+9.3%218.80122.99
2019198.49−10.9%228.80173.82
2018222.80−19.2%299.94192.94
2017275.77+24.0%275.77219.54
2016222.38+34.0%228.81141.28
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.

Recent sessions

The last 10 trading days to 23 Oct 2026, as traded on NSE.

DateOpenHighLowCloseAverage priceVolumeDelivery
23 Oct 2026502.00506.25483.50501.45493.152,07,58452.2%
22 Oct 2026507.00509.90496.45503.00503.971,47,86248.4%
21 Oct 2026527.05528.85507.25512.00514.231,91,67445.7%
19 Oct 2026531.00531.15517.30527.95526.643,02,82054.3%
16 Oct 2026540.00543.10531.00531.90535.301,57,10952.5%
15 Oct 2026531.00542.00529.05539.00536.291,56,47464.4%
14 Oct 2026523.10539.80518.35535.25533.262,68,25239.1%
13 Oct 2026528.05531.95512.95520.80519.141,26,01148.2%
12 Oct 2026525.00533.45525.00528.05529.361,45,85554.9%
9 Oct 2026527.00537.35524.45528.20528.581,20,81448.3%
Prices in ₹ per share as traded, not adjusted.

Price adjustments

What the price chart is corrected for, so it reads as one share held throughout.Stock split history

Ex-dateEventPrice factorWhat happened
24 Mar 2022Split0.2000Each share became 5.
Earlier prices are multiplied by the factor, so the chart reads as one share held throughout.

About Vardhman Textiles

Vardhman Textiles Limited is a textile manufacturer headquartered in Ludhiana, Punjab. It makes yarns, woven fabrics and finished garments, and its customers are spread across more than 60 countries. It was incorporated in 1973.

Yarn is the business where the company began. The range covers greige and dyed yarns in cotton, polyester, acrylic and blends, along with speciality yarn varieties. The fabric business makes woven fabrics for shirting and trousering, and the company has started commercial production at a technical textiles plant. The garment business is the youngest of its three main businesses. It specialises in premium shirts and serves domestic and international apparel brands. The group's own description of its products also lists threads, fibres and steels.

Manufacturing facilities are located across Punjab, Himachal Pradesh and Madhya Pradesh. The company reports an installed spinning capacity of about 1.25 million spindles, 1,550 looms, a processed fabric capacity of approximately 240 million metres per annum, and a workforce of over 24,000 people.

Vardhman Textiles is the flagship company of the Vardhman Group, which was established by the late Shri Lala Rattan Chand Oswal. Within the group structure, Vardhman Acrylics Limited is a subsidiary that manufactures acrylic fibre. Vardhman Special Steels Limited is an associate company. Vardhman Yarns and Threads Limited, a joint venture with American & Efird Global, LLC, is also an associate company.

Legal name
Vardhman Textiles Limited
NSE symbol
VTL
BSE code
502986
ISIN
INE825A01020
Industry
Textiles & Apparels
Listed
Jan 2003
Face value
₹2
Former symbols
MAHAVIRSPG
CIN
L17111PB1973PLC003345
Corporate identity number, the registrar of companies' code for it