Vardhman Polytex Ltd(VARDMNPOLY)

NSE: VARDMNPOLYBSE: 514175

₹ 5.04-1.18%refreshed 26 Oct, 03:30 pm ISTMarket cap: ₹ 256 crWebsite: www.vpl.inUpdated: 24 Oct 2026

About

Vardhman Polytex Ltd is a textile company based in Ludhiana that makes grey yarn. In FY25 it reported two segments, Textiles and Real Estate. Its production facility is at Nalagarh, Himachal Pradesh. Revenue for FY26 was Rs 236.7 Cr.^[1][2][3]

Business segments

Textile was the only reported segment in FY26: revenue of Rs 245.88 Cr, 100% of the total, with segment EBIT of Rs -3.38 Cr.^[4]
In FY25 the company reported two segments, Textiles and Real Estate. Textiles revenue was Rs 28,498.24 Lakhs, of which grey yarn was Rs 20,994.62 Lakhs.^[1]

Operations

As of FY25, the company's production facility was at Nalagarh, Himachal Pradesh. The Ludhiana facility closed in March 2025.^[1]

Key operating numbers

FY25 revenue from operations fell 23.11% to Rs 28,498.24 Lakhs, from Rs 37,063.81 Lakhs in FY24.^[1]
Inventory was Rs 4,376.34 lakh at 31 March 2025 vs Rs 1,681.23 lakh a year earlier. The rise came largely from Bathinda land being reclassified as inventory.^[1]

Real estate plans

As of FY25, the company planned to earn revenue by monetising its land at Bathinda and Ludhiana.^[1]
The Bathinda Development Authority gave a No Objection to building a residential colony on the Bathinda land. Approvals from the Municipal Corporation and other departments were still needed as of FY25.^[1]

Debt and covenants

Security cover on the company's NCDs was 7.84 times at 30 June 2026, against the minimum of 4 times required under the debenture trust deed.^[2]
Debt-to-equity ratio was 0.78 for FY26 (audited), compared with -0.22 in FY25.^[2][1]
Interest service coverage ratio (EBIT to interest expense) was 1.05 for FY26.^[2]

Recent developments

The 46th AGM is scheduled for 24 September 2026 at the registered office in Ludhiana.^[2]

Market Cap

₹256 Cr

High / Low

₹9 / 5

Stock P/E

-4.5

Price / Book

0.0

Book Value

₹-4

EPS

₹0.2

No. of Shares

48.3 Cr

OPM

6.8%

Sales

₹237 Cr

Net Profit

₹8 Cr

Promoter holding

40.6%

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Signal history

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Vardhman Polytex Ltd(VARDMNPOLY)

About

Business segments

Operations

Key operating numbers

Real estate plans

Debt and covenants

Recent developments

Signal history

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