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Vardhman Acrylics Ltd share price logo

Vardhman Acrylics Ltd

(VARDHACRLC)

₹51.552.05%

as on 04:01PM, 21 Nov 2024

Overview
News
Financials
Q2 2024 Results
Technicals

Vardhman Acrylics Ltd Performance

  • Day's Low

    Day's High

    ₹51.5
    ₹52.94
  • 52 Week's Low

    52 Week's High

    ₹49.9
    ₹74.9
1 Month Return-7.49 %
3 Month Return-16.3 %
1 Year Return-2.08 %
Previous Close₹52.63
Open₹52.94
Volume26.51K
Upper Circuit-
Lower Circuit-
Market Cap₹422.95Cr

Vardhman Acrylics Ltd Key Statistics

P/E Ratio0
PEG Ratio0
Market Cap₹422.95 Cr
P/B Ratio1.69
EPS0
Dividend Yield0
SectorTextiles
ROE7.18

Vardhman Acrylics Ltd Peer Comparison

Company
Analyst ViewMarket Cap5 Year CAGRDebt to Asset RatioNet ProfitYearly Revenue
NA₹422.95 Cr11.23%0.50NANA
NA₹357.29 Cr151.86%0.82NANA
NA₹571.65 Cr96.83%0.68₹9 Cr₹1,471 Cr
SELL₹3,697.20 Cr-3.29%0.74NANA
NA₹101.18 Cr26.82%0.57NANA

About Vardhman Acrylics Ltd

Vardhman Acrylics Ltd is an India-based company engaged in the production of acrylic fiber and tow, marketed under the "VARLAN" brand. They have a 18000 TPA plant in Jhagadia Bharuch and their products are used in various industries including hosiery, weaving and home furnishing. The company was originally formed into a public limited company in 1990, however due to lack of viability the project was deferred. In 1995, the Vardhman Group decided to form Vardhman Fibres Ltd, to supply the project with technology and equipment. Subsequently, the registered office was transferred to Punjab, and Vardhman Acrylics Ltd has been a subsidiary of Mahavir Spinning Mills Ltd since. The company saw collaborative efforts with Marubeni Corporation Japan and Japan Exlan Company Ltd, and the project was kicked off in August 1996. The commercial production commenced in March 1999 and the production capacity increased from 16500 MT to 18000 MT in 200607 and to 20000 MT in 200910. Over the years, Vardhman Textiles Ltd has disinvested 273,68527 shares of the company, and assumed control of shares held by respective foreign collaborators in 2008.

Share Price: ₹51.55 per share as on 21 Nov, 2024 04:01 PM
Market Capitalisation: ₹422.95Cr as of today
Listing date: 30 Sep, 2003
Chairperson Name: Shri Paul Oswal
OrganisationVardhman Acrylics Ltd
HeadquartersLudhiana
IndustryTextiles
E-voting on sharesClick here to vote

Key events for Vardhman Acrylics Ltd

  • Vardhman Acrylics Reports Decrease in Revenue and Net Income - 07 May, 2024

    Vardhman Acrylics reported a decrease in revenue by 27% and net income by 47% compared to FY 2023. The EPS also decreased from ₹4.09 in FY 2023 to ₹2.18 in FY 2024, with the profit margin decreasing from 7.7% to 5.6% due to lower revenue.

Insights on Vardhman Acrylics Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 0.18% to 0.19% in Sep 2024 quarter

  • imgPOSITIVE IMPACT

    Price Rise

    img

    In the last 3 years, VARDHACRLC stock has moved up by 4.7%

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Swan Energy Ltd has given 27.5% return, outperforming this stock by 29.5%

  • imgNO EFFECT

    Promoter Holding Unchanged

    img

    Promoters holdings remained unchanged at 74.97% of holdings in Sep 2024 quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 3 years, Swan Energy Ltd has given 347.6% return, outperforming this stock by 342.8%

  • imgNEGATIVE IMPACT

    Retail Holding Down

    img

    Retail Investor have decreased holdings from 24.85% to 24.83% in Sep 2024 quarter

Vardhman Acrylics Ltd Financials

Value in ₹ crore
Details2021202220232024
Total Assets₹485.11Cr (-)₹302.36Cr (↓37.67%)₹342.22Cr (↑13.18%)₹327.81Cr (↓4.21%)
Total Liabilities₹86.74Cr (-)₹90.05Cr (↑3.82%)₹96.87Cr (↑7.57%)₹84.84Cr (↓12.42%)
Value in ₹ crore
Details20202021202220232024
Operating Cash Flow₹4.17Cr (-)₹39.46Cr (↑846.28%)-₹9.41Cr (↓123.85%)₹38.53Cr (↓509.46%)₹7.60Cr (↓80.28%)
0

Vardhman Acrylics Ltd Shareholding Pattern

InvestorsHoldings %FY Quarter3M change
Promoter Holdings
74.97%
0.00
Foreign Institutions
0.19%
8.35
Mutual Funds
0%
0.00
Retail Investors
24.83%
-0.06
Others
0%
0.00

Vardhman Acrylics Ltd Key Indicators

Details20202021202220232024
Return On Equity %13.4311.394.7714.367.18

Vardhman Acrylics Ltd Earnings and Dividends

  • Vardhman Acrylics Ltd Earnings Results

    Vardhman Acrylics Ltd’s net profit fell -74.76% since last year same period to ₹1.56Cr in the Q2 2024-2025. On a quarterly growth basis, Vardhman Acrylics Ltd has generated -64.06% fall in its net profits since last 3-months.

    Read More about Earnings Results
  • Vardhman Acrylics Ltd Dividends May,2024

    In the quarter ending March 2024, Vardhman Acrylics Ltd has declared dividend of ₹2 - translating a dividend yield of 3.88%.

    Read More about Dividends

Vardhman Acrylics Ltd Technicals Summary

Bearish

Neutral

Bullish

Bearish

Vardhman Acrylics Ltd is currently in a Bearish trading position according to technical analysis indicators.

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Vardhman Acrylics Ltd (VARDHACRLC) share price today is ₹51.55

Vardhman Acrylics Ltd is listed on NSE

Vardhman Acrylics Ltd is not listed on BSE

  • Today’s highest price of Vardhman Acrylics Ltd is ₹52.94.
  • Today’s lowest price of Vardhman Acrylics Ltd is ₹51.5.

Today’s traded volume of Vardhman Acrylics Ltd(VARDHACRLC) is 26.51K.

Today’s market capitalisation of Vardhman Acrylics Ltd(VARDHACRLC) is ₹422.95Cr.

Vardhman Acrylics Ltd(VARDHACRLCPrice
52 Week High
₹74.9
52 Week Low
₹49.9

Vardhman Acrylics Ltd(VARDHACRLC) share price is ₹51.55. It is down -31.17% from its 52 Week High price of ₹74.9

Vardhman Acrylics Ltd(VARDHACRLC) share price is ₹51.55. It is up 3.31% from its 52 Week Low price of ₹49.9

Vardhman Acrylics Ltd(VARDHACRLCReturns
1 Day Returns
-1.08%
1 Month Returns
-7.49%
3 Month Returns
-16.3%
1 Year Returns
-2.08%