NSE:VTL – Vardhman Textiles Share Price

by Tech Biz Center May 1, 2023 0 Comment

NSE: VTL – Vardhman Textiles Ltd is one of the pioneers in the textile industry with operations in yarn, sewing thread, steel, and fabric segments. The company exports its goods to more than 25 countries and has a strong presence in markets such as the EEC and the United States. , Canada, China, Japan, Korea, Mexico, Brazil, Mauritius, and the Middle East.

Table of Contents

Vardhman Textiles Share Price or VTL Share Price

As of April 24, 2023, 2:20 PM IST, NSE: VTL – Vardhman Textiles share price was down 0.37% based on the previous closing price of Rs 312.2. And also, Vardhman Textiles share price was Rs 313.60. Vardhman Textiles Stock Yield:

One week: vlt stock price rose 2.84%

One month: vlt stock price increased by 12.96%

Three months: Vardhman Textiles stock price increased by 1.00%

Six months: Vardhman Textiles stock price fell by 11.68%

Vardhman

NSE: VTL – Vardhman is India’s largest vertically integrated textile manufacturer with multiple production facilities across India. It offers its customers unparalleled agility and flexibility, consistency, reliability, traceability, and sustainability thanks to the complete in-house control of each production stage.

At Vardhman, people lead their lives in “learning mode.” In addition to formal training programs, there is a high level of professional exposure and opportunities to take on more significant roles and responsibilities, improving their career profile.

Vardhman Textiles Share

Vardhman Textiles share price is ₹313 As on 24 April 2023

NSE: VTL

NSE: VTL – Vardhman Textiles Limited is an integrated textile manufacturer. The Company manufactures cotton yarns, synthetic yarns, woven fabrics, sewing threads, acrylic fibers, cables, and garments. The Company’s segments include Textiles and Fibers. The company is a manufacturer of piece-dyed materials and a manufacturer and exporter of cotton yarns. It offers a range of specialty greige and dyed yarns in cotton, polyester, acrylic, and blends.

The company also manufactures organic cotton, blend, core spun yarn, ultra (contamination controlled) yarn, gassed mercerized thread, super fine wool, slub and cellulose yarn, and fancy yarn for hand knitting. The company has about 1.1 million spindles and a daily manufacturing capacity of over 580 metric tons (MT) of yarn. And also the company has manufacturing facilities in Punjab, Himachal Pradesh, and Madhya Pradesh. The corporation markets its products in the European Union, the United States, and the Far East.

Vardhman Textiles Limited Company website: https://www.vardhman.com/

Vardhman Textiles

Included in 1973, is one of the forges in the textile industry with operations in yarn, sewing thread, steel, and fabric segments. Previously known as Mahavir Spinning Mills, it is part of the Vardhman Group led by Paul Oswal.

In 1975, the first factory of Vardhman Textiles Commission with 25,088 spindles was in Hoshiarpur, Punjab. In 1977-1978, the company established a 25,000-spindle textile factory at Malerkotla in Sanazur, Punjab.

And also, in 1992-93, a 100% export-oriented unit (EOU) order by Vardhman Textiles from Mandideep. The Malerkotla plant and the EOU unit have received ISO 9002/BIS 14002 certification from the Bureau of Indian Standards (BIS).

In March 1995, the gases and mercerized dyed yarn scheme in Hoshiarpur started production. To set up 100% EOU located in Baddi, Himachal Pradesh, the company formed a joint venture with Marubeni Corporation and Toho Rayon of Japan. Vardhman Acrylics created and began commercial production for this company in September 1996.

In 1998-99, the company established its 3rd 100% EOU in Mandideep with an installed production capacity of 25,000 spindles.

The company established Unit II in Ludhiana to increase its sewing thread capacity, and this unit had an installed capacity of 5 TPDs. The company has agreed with Amercian & Effird Inc., USA, to manufacture premium quality sewing threads.

In 2004, Vardhman Spinning and General Mills’s textile business merged into Vardhman Textiles or NSE: VTL. The company has added new loom and rotor units with an installed capacity of 264 Nos and 528 Nos, respectively.

The company has received ISO 9002/ ISO 14002 certification for its quality management.

Vardhman Acrylics Share Price

Any share’s share price is volatile and keeps changing throughout the day owing to different factors. Vardhman Acrylics share price is Rs 48.85 as of 23rd April 2023.

Global Textile Share Price

Globe Textiles (India) Ltd., incorporated in 1995, is a small capitalization company (having a market capitalization of Rs 44.59 Crore) operating in the garment sector.

Significant products/revenue segments of Globe Textiles (India) Ltd. include textiles, export incentives, and labor for the year ending March 31, 2021.

For the quarter ended 31-12-2022, the corporation reported a total standalone revenue of Rs 74.72 Crore, down 25.48% from last quarter, total revenue of Rs 100.26 Crore, and a down 30.55% compared to the same quarter the previous year. Total revenue of Rs 107.59 Crore. The company reported a net income after tax of Rs 0.48 Crore last quarter.

The company’s senior management includes Mr.Bhavik Suryakant Parikh, Mr.Bhavin Suryakant Parikh, Mr.Nilaybhai Jagdishbhai Vora, and Mr.Bharat Shamjibhai Patel, Mr.Rajatkumar Dineshbhai Patel, Mr.Yogesh Kanhiyalal Vaidya, Ms.Purvi Bhavin Parikh, Mr.Faruk Diwan. The company has Dharmesh Parikh & Co. as auditors. As of 31-12-2022, the company has 15.11 Crore shares outstanding.

The global textile share price is Rs 2.90

Vardhman International School

Vardhman International Public School (VIPS) under Mata Budda Devi Jain Educational Society (Regd.) is a non-profit, non-proprietary educational organization run by eminent educators and professionals from diverse backgrounds. The noble soul, Mata Budda Devi Jain under whose name the company operates, was a lady of strong and determined character who had dreamed of spreading education in our country and beyond our nation’s borders.

Born into the industrious Oswal family in 1886, she was the only woman to receive an education.

To honor his last wish and be inspired by the revered Guru Bhole Baba Sh. Rattan Muniji Maharaj, Mata Budda Devi Jain Educational Society (Regd.) found on February 05, 2004.

The school has an uncompromising commitment, 4aiming to achieve specific, measurable, observable, and quantifiable results in all aspirants/students. Because the school has the vision to provide a values-based education for young minds and a dynamic learning environment.

However, the school is under the umbrella of each student who strives for excellence through active learning and education. Moreover, the school has a core of committed faculty from accomplished backgrounds with extensive experience.

Textile Stocks

Investing in stocks requires careful analysis of financial data to know the company’s actual net worth. This usually does by reviewing the company’s profit and loss account, balance sheet, and cash flow statement. This can be time-consuming and tedious. An easier way to know a company’s performance is to look at its financial ratios, which can help make sense of the overwhelming amount of information in its financial statements.

Here are a few must-have tools that should be part of every investor’s research process.

PE Ratio

Price to earnings ratio indicates how much an investor is willing to pay for a stock for each rupee of earnings. A general rule is that stocks trading at a low P/E undervalue (it also depends on other factors). NSE: VTL – Vardhman Textiles has a PE ratio of 9.88 which is ordinary and relatively undervalued.

Return on Assets (ROA)

Return on Assets measures how efficiently a business can generate a return on its asset investment. In other words, ROA shows how professionally a company can change the money used to buy assets into net income or profits. NSE: VTL – Vardhman Textiles has a ROA of 17.08%, a good sign for future performance. (higher values are always desirable)

Current Ratio

The current ratio measures the capacity of a company to pay its short-term debts with its existing assets. A higher current ratio is desirable to stabilize the business in the face of unexpected business and economic shocks. NSE: VTL – Vardhman Textiles has a current ratio of 3.04.

Return on Equity

ROE measures a company’s ability to profit from its shareholders’ investments. In other words, the return on evenhandedness ratio shows how much income each rupee of equity generates. Vardhman Textiles has an ROE of 24.57% (the higher, the better)

Debt Ratio

It is an excellent measure to check the capital structure and its performance. Vardhman Textiles has a D/E ratio of 0.26, which means that the company has a low proportion of debt in its capital.

Inventory Turnover Ratio

The Inventory Turnover Ratio is an activity ratio and a tool to gauge the liquidity of a company’s inventory. It measures how often a business has sold and replaced its inventory over a certain period. NSE: VTL – Vardhman Textiles has an inventory turnover ratio of 3.39, which shows that management is inefficient in managing its inventory and working capital.

Sales Growth

Vardhman Textiles recorded revenue growth of 58.38%, which is fair compared to its growth and performance.

Operating Margin

This will tell you about the operational competence of the business. Vardhman Textiles’ operating margin for the current fiscal year is 24.10%.

Dividend Yield

It tells us how many shares we will get relative to the price. The current year dividend for Vardhman Textiles is Rs 6.80, and the yield is 2.16%.