VARDHACRLC

Vardhman Acrylics Limited

Vardhman Acrylics Limited (VARDHACRLC) financial statements and selected valuation metrics through 30 June 2026.

Consumer Discretionary›Textiles›Textiles & Apparels›Other Textile Products

vardhman.com(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹43.79
Market cap
352 Cr
Stock P/E
8.4
P/B
1.39
Dividend yield
3.4%
ROE (FY26)
10.7%
ROCE (FY26)
11.4%
Operating margin (FY26)
4.3%
OCF / EBITDA (FY26)
42.3%
OCF / EBITDA (3Y)
121.4%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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What you need to know

Vardhman Acrylics makes acrylic fibre and tow in India and sells it to a small number of large customers.

Company snapshot

48thBy market cap

Ranked among 100 companies in Other Textile Products.

What we see

Positives
  • ✓121% of operating profit came in as cash over the last three years — profits are backed by real cash.
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Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales86 Cr62 Cr68 Cr57 Cr71 Cr82 Cr72 Cr69 Cr89 Cr76 Cr84 Cr78 Cr
Operating expenses (approx.)81 Cr57 Cr64 Cr55 Cr70 Cr81 Cr72 Cr70 Cr89 Cr69 Cr73 Cr61 Cr
EBITDA5 Cr5 Cr5 Cr2 Cr0.76 Cr0.81 Cr-0.01 Cr-0.63 Cr0.17 Cr7 Cr10 Cr18 Cr
OPM %6.2%7.9%6.7%3.8%1.1%1.0%-0.0%-0.9%0.2%9.3%12.0%22.7%
Other income4 Cr3 Cr4 Cr4 Cr3 Cr5 Cr3 Cr4 Cr4 Cr3 Cr4 Cr4 Cr
Interest0.07 Cr0.03 Cr0.13 Cr0.06 Cr0.06 Cr0.03 Cr0.10 Cr0.04 Cr0.03 Cr0.07 Cr0.01 Cr0.05 Cr
Depreciation1 Cr1 Cr1 Cr0.73 Cr0.76 Cr0.71 Cr0.80 Cr0.69 Cr0.73 Cr0.77 Cr0.71 Cr0.74 Cr
Profit before tax8 Cr6 Cr7 Cr5 Cr3 Cr5 Cr2 Cr2 Cr3 Cr10 Cr14 Cr21 Cr
Tax %20.6%11.5%20.5%20.2%54.5%17.1%18.3%23.9%22.8%23.1%-14.0%22.5%
Net profit6 Cr6 Cr5 Cr4 Cr2 Cr4 Cr2 Cr2 Cr3 Cr7 Cr16 Cr16 Cr
EPS (₹)₹0.77₹0.72₹0.64₹0.54₹0.19₹0.49₹0.24₹0.22₹0.31₹0.92₹1.94₹2.02

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales368 Cr327 Cr392 Cr334 Cr280 Cr303 Cr427 Cr297 Cr282 Cr319 CrSign in free for the trailing twelve months
Operating expenses (approx.)331 Cr295 Cr364 Cr308 Cr232 Cr294 Cr391 Cr284 Cr278 Cr302 CrSign in free for the trailing twelve months
EBITDA38 Cr31 Cr28 Cr27 Cr48 Cr9 Cr36 Cr13 Cr4 Cr17 CrSign in free for the trailing twelve months
OPM %10.2%9.6%7.1%8.0%17.0%2.9%8.5%4.5%1.3%5.2%Sign in free for the trailing twelve months
Other income25 Cr21 Cr25 Cr27 Cr15 Cr14 Cr13 Cr14 Cr16 Cr15 CrSign in free for the trailing twelve months
Interest0.36 Cr0.73 Cr0.44 Cr0.30 Cr0.53 Cr0.39 Cr0.29 Cr0.29 Cr0.25 Cr0.15 CrSign in free for the trailing twelve months
Depreciation5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr5 Cr6 Cr3 Cr3 CrSign in free for the trailing twelve months
Profit before tax57 Cr47 Cr47 Cr48 Cr57 Cr17 Cr43 Cr21 Cr16 Cr29 CrSign in free for the trailing twelve months
Tax %28.1%17.2%26.2%3.3%24.9%16.5%23.8%17.8%26.3%5.6%Sign in free for the trailing twelve months
Net profit41 Cr39 Cr34 Cr46 Cr43 Cr15 Cr33 Cr18 Cr12 Cr27 CrSign in free for the trailing twelve months
EPS (₹)₹4.45₹4.80₹4.29₹5.76₹5.34₹1.81₹4.09₹2.18₹1.47₹3.39Sign in free for the trailing twelve months
Dividend payout %————0.0%1375.0%0.4%115.3%136.2%44.4%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital80 Cr80 Cr80 Cr80 Cr80 Cr80 Cr80 Cr80 Cr80 Cr80 Cr
Reserves215 Cr239 Cr253 Cr275 Cr318 Cr132 Cr165 Cr163 Cr158 Cr174 Cr
Borrowings0.88 Cr1 Cr0.75 Cr1 Cr0.36 Cr3 Cr0.34 Cr1 Cr0.18 Cr—
Other liabilities127 Cr92 Cr119 Cr96 Cr86 Cr87 Cr97 Cr84 Cr110 Cr89 Cr
Total liabilities423 Cr413 Cr453 Cr453 Cr485 Cr302 Cr342 Cr328 Cr349 Cr343 Cr
Fixed assets (net)58 Cr55 Cr52 Cr52 Cr47 Cr45 Cr54 Cr56 Cr58 Cr60 Cr
CWIP0.30 Cr0.09 Cr0.03 Cr0.02 Cr0.21 Cr0.19 Cr4 Cr0.02 Cr0.11 Cr0.14 Cr
Investments248 Cr260 Cr284 Cr160 Cr232 Cr134 Cr172 Cr169 Cr186 Cr183 Cr
Loans & advances——————0.04 Cr0.04 Cr0.03 Cr0.08 Cr
Inventories79 Cr52 Cr76 Cr60 Cr64 Cr77 Cr83 Cr75 Cr81 Cr64 Cr
Trade receivables5 Cr20 Cr16 Cr10 Cr15 Cr11 Cr13 Cr16 Cr9 Cr11 Cr
Cash & bank9 Cr4 Cr2 Cr63 Cr19 Cr1 Cr0.66 Cr0.79 Cr0.77 Cr3 Cr
Other assets23 Cr22 Cr24 Cr108 Cr108 Cr35 Cr15 Cr11 Cr15 Cr21 Cr
Total assets423 Cr413 Cr453 Cr453 Cr485 Cr302 Cr342 Cr328 Cr349 Cr343 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity42 Cr3 Cr26 Cr4 Cr39 Cr-9 Cr39 Cr8 Cr26 Cr7 Cr
Cash from investing30 Cr7 Cr-8 Cr80 Cr-83 Cr190 Cr-37 Cr12 Cr-9 Cr8 Cr
Cash from financing-63 Cr-15 Cr-20 Cr-24 Cr-1 Cr-198 Cr-3 Cr-19 Cr-17 Cr-12 Cr
Net cash flow8 Cr-5 Cr-2 Cr61 Cr-44 Cr-17 Cr-0.81 Cr0.13 Cr-0.02 Cr2 Cr
Free cash flow (OCF − Capex)41 Cr1 Cr23 Cr-2 Cr39 Cr-12 Cr31 Cr4 Cr21 Cr2 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %19.4%14.8%14.1%13.5%14.5%8.3%17.7%8.9%6.8%11.4%
ROE %13.9%12.1%10.3%13.0%10.8%6.9%13.4%7.2%5.0%10.7%
Debtor days5231410201311201113
Inventory days182859693141118109140154109
Days payable1486687849173718012883
Cash conversion cycle39422420695850803739
OCF / EBITDA %112.2%9.3%91.7%15.6%82.7%n.m.106.8%57.4%n.m.42.3%
OCF / EBITDA % (3 years)——72.9%37.9%67.6%41.0%74.0%63.1%136.3%121.4%
Debt / equity0.00300.00420.00230.00400.00090.010.00140.00470.0008—
Current ratio3.403.113.333.534.912.312.232.332.253.50
Net debt / EBITDA-0.22—————-0.00890.03-0.16-0.19