Vardhman Polytex
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Vardhman Polytex Limited, through its subsidiaries, manufactures and sells yarns and garments in India and internationally. The last earnings update was 196 days ago. More info.
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- Vardhman Polytex has significant price volatility in the past 3 months.
VARDMNPOLY Share Price and Events
7 Day Returns
1 Year Returns
VARDMNPOLY Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Vardhman Polytex (VARDMNPOLY) | -4.2% | -16.6% | -26.5% | -58.4% | -81.4% | -79.4% |
| IN Luxury | -0.6% | 1.4% | 8.8% | -4% | 47.5% | 162.4% |
| IN Market | -1.9% | 1.2% | 5.1% | -2.8% | 38.3% | 71% |
1 Year Return vs Industry and Market
- VARDMNPOLY underperformed the Luxury industry which returned -4% over the past year.
- VARDMNPOLY underperformed the Market in India which returned -2.8% over the past year.
VARDMNPOLY Value
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Vardhman Polytex
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Vardhman Polytex.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Extrapolated from most recent financials. | See below |
| Discount Rate (Cost of Equity) | See below | 24.8% |
| Perpetual Growth Rate | 10-Year IN Government Bond Rate | 7.6% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year IN Govt Bond Rate | 7.6% |
| Equity Risk Premium | S&P Global | 8.6% |
| Luxury Unlevered Beta | Simply Wall St/ S&P Global | 0.73 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.73 (1 + (1- 35%) (3347.43%)) |
11.457 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
2 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 7.55% + (2 * 8.6%) |
24.75% |
Discounted Cash Flow Calculation for NSEI:VARDMNPOLY using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Vardhman Polytex is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (INR, Millions) | Source |
Present Value Discounted (@ 24.75%) |
|
|---|---|---|---|
| 2019 | 295.86 | Est @ -24.47% | 237.16 |
| 2020 | 251.88 | Est @ -14.86% | 161.85 |
| 2021 | 231.38 | Est @ -8.14% | 119.18 |
| 2022 | 223.43 | Est @ -3.43% | 92.25 |
| 2023 | 223.13 | Est @ -0.14% | 73.85 |
| 2024 | 227.96 | Est @ 2.17% | 60.48 |
| 2025 | 236.59 | Est @ 3.78% | 50.32 |
| 2026 | 248.21 | Est @ 4.91% | 42.32 |
| 2027 | 262.37 | Est @ 5.7% | 35.85 |
| 2028 | 278.79 | Est @ 6.26% | 30.54 |
| Present value of next 10 years cash flows | ₹903.80 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= ₹278.79 × (1 + 7.55%) ÷ (24.75% – 7.55%) |
₹1,743.23 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= ₹1,743.23 ÷ (1 + 24.75%)10 |
₹190.96 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= ₹903.80 + ₹190.96 |
₹1,094.76 |
| Equity Value per Share (INR) |
= Total value / Shares Outstanding
= ₹1,094.76 / 22.29 |
₹49.11 |
| Calculation | Result | |
|---|---|---|
| Non-primary Listing Adjustment Factor |
1 share in NSEI:VARDMNPOLY
represents 1.01898x
of
BSE:514175
(This could be a different class, a depositary receipt, a different currency, or all of these things.) |
1.01898x |
| Value per Share (Listing Adjusted, INR) |
= Value per Share (INR) x Listing Adjustment Factor
= ₹ 49.11 x 1.01898 |
₹50.04 |
| Value per share (INR) | From above. | ₹50.04 |
| Current discount | Discount to share price of
₹8.05
= -1 x (₹8.05 - ₹50.04) / ₹50.04 |
83.9% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
Current Discount
Current Discount Checks
- Vardhman Polytex's share price is below the future cash flow value, and at a moderate discount (> 20%).
- Vardhman Polytex's share price is below the future cash flow value, and at a substantial discount (> 40%).
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Vardhman Polytex's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Vardhman Polytex's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-03-31) in INR | ₹-77.01 |
| BSE:514175 Share Price ** | BSE (2019-04-24) in INR | ₹7.9 |
| India Luxury Industry PE Ratio | Median Figure of 240 Publicly-Listed Luxury Companies | 12.23x |
| India Market PE Ratio | Median Figure of 2,739 Publicly-Listed Companies | 16.02x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Vardhman Polytex.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = BSE:514175 Share Price ÷ EPS (both in INR) = 7.9 ÷ -77.01 |
-0.1x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vardhman Polytex is loss making, we can't compare its value to the IN Luxury industry average.
- Vardhman Polytex is loss making, we can't compare the value of its earnings to the India market.
Price based on expected Growth
Does
Vardhman Polytex's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | -0.1x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 0 Analysts |
Not available |
| India Luxury Industry PEG Ratio | Median Figure of 25 Publicly-Listed Luxury Companies | 1.48x |
| India Market PEG Ratio | Median Figure of 586 Publicly-Listed Companies | 1.32x |
*Line of best fit is calculated by linear regression .
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to calculate PEG ratio for Vardhman Polytex, we can't assess if its growth is good value.
Price based on value of assets
What value do investors place on
Vardhman Polytex's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-03-31) in INR | ₹-105.70 |
| BSE:514175 Share Price * | BSE (2019-04-24) in INR | ₹7.9 |
| India Luxury Industry PB Ratio | Median Figure of 311 Publicly-Listed Luxury Companies | 0.75x |
| India Market PB Ratio | Median Figure of 3,630 Publicly-Listed Companies | 1.09x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = BSE:514175 Share Price ÷ Book Value per Share (both in INR) = 7.9 ÷ -105.70 |
-0.07x |
* Primary Listing of Vardhman Polytex.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Vardhman Polytex has negative assets, we can't compare the value of its assets to the IN Luxury industry average.
Value checks
We assess Vardhman Polytex's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Luxury industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Luxury industry average (and greater than 0)? (1 check) Vardhman Polytex has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
VARDMNPOLY Future Performance
In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as Vardhman Polytex has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.
This is quite a rare situation as 97% of companies covered by Simply Wall St do have past financial data. You can see them here.
Show me the analysis anyway
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Unable to compare Vardhman Polytex's earnings growth to the low risk savings rate as no estimate data is available.
Growth vs Market Checks
- Unable to compare Vardhman Polytex's earnings growth to the India market average as no estimate data is available.
- Unable to compare Vardhman Polytex's revenue growth to the India market average as no estimate data is available.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| India Luxury Industry Earnings Growth Rate | Market Cap Weighted Average | 19.3% |
| India Luxury Industry Revenue Growth Rate | Market Cap Weighted Average | 15% |
| India Market Earnings Growth Rate | Market Cap Weighted Average | 18.3% |
| India Market Revenue Growth Rate | Market Cap Weighted Average | 11.7% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 year ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| Date (Data in INR Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-03-31 | 6,410 | 509 | -1,717 |
| 2017-03-31 | 9,255 | 918 | -335 |
| 2016-03-31 | 9,536 | 1,089 | -150 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (1 year ago) | See Below |
| Future Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
All data from Vardhman Polytex Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | EPS * |
|---|---|
| 2018-03-31 | -77.01 |
| 2017-03-31 | -15.01 |
| 2016-03-31 | -6.73 |
*GAAP earnings excluding extraordinary items.
Performance in 3 years
In the same way as past performance we look at the future estimated return
(profit) compared to the available
funds. We do this looking forward 3 years.
- Unable to establish if Vardhman Polytex will efficiently use shareholders’ funds in the future without estimates of Return on Equity.
Future performance checks
We assess Vardhman Polytex's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the India market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the India market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Vardhman Polytex has a total score of 0/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
VARDMNPOLY Past Performance
How has Vardhman Polytex performed over the past 5 years?
- Vardhman Polytex's last earnings update was 196 days ago.
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Vardhman Polytex does not make a profit and there is insufficient past data to establish if their 5 year on year earnings growth rate was positive.
- Unable to compare Vardhman Polytex's 1-year earnings growth to the 5-year average as it is not currently profitable.
- Unable to compare Vardhman Polytex's 1-year growth to the IN Luxury industry average as it is not currently profitable.
Earnings and Revenue History
All data from Vardhman Polytex Company Filings, last reported 1 year ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in INR Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-03-31 | 6,409.64 | -1,716.68 | 652.12 | |
| 2017-03-31 | 9,254.82 | -334.52 | 740.76 | |
| 2016-03-31 | 9,536.29 | -150.12 | 749.91 | |
| 2015-03-31 | 10,214.93 | -449.12 | 751.73 | |
| 2014-03-31 | 10,547.23 | -64.80 | 1,157.93 | |
| 2013-03-31 | 9,442.36 | -49.61 | 981.42 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- It is difficult to establish if Vardhman Polytex has efficiently used shareholders’ funds last year (Return on Equity greater than 20%) due to its liabilities exceeding its assets.
- It is difficult to establish if Vardhman Polytex has efficiently used its assets last year compared to the IN Luxury industry average (Return on Assets) as it is loss-making.
- It is difficult to establish if Vardhman Polytex improved its use of capital last year versus 3 years ago (Return on Capital Employed) as it is currently loss-making.
Past performance checks
We assess Vardhman Polytex's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Luxury industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Vardhman Polytex has a total score of 0/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
VARDMNPOLY Health
How is Vardhman Polytex's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Vardhman Polytex's finances.
The net worth of a company is the difference between its assets and liabilities.
- Vardhman Polytex's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Vardhman Polytex's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Vardhman Polytex has negative shareholder equity (liabilities exceed assets) therefore debt is not covered by short term assets.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Vardhman Polytex Company Filings, last reported 1 year ago.
| Date (Data in INR Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-03-31 | -2,233.99 | 5,685.85 | 16.99 |
| 2017-03-31 | -512.48 | 5,244.50 | 65.81 |
| 2016-03-31 | -174.01 | 5,336.98 | 94.75 |
| 2015-03-31 | 284.01 | 5,811.34 | 107.33 |
| 2014-03-31 | 645.18 | 6,005.51 | 223.88 |
| 2013-03-31 | 477.61 | 6,466.94 | 293.92 |
- Vardhman Polytex has negative shareholder equity (liabilities exceed assets), this is a more serious situation compared with a high debt level.
- Irrelevant to check if Vardhman Polytex's debt level has increased considering it has negative shareholder equity.
CASH RUNWAY ANALYSIS
For companies that have on average been loss making in the past we assess whether they have at least 1 year of cash runway.
- Whilst loss making Vardhman Polytex has sufficient cash runway for more than 3 years if it maintains the current positive free cash flow level.
- Whilst loss making Vardhman Polytex has sufficient cash runway for more than 3 years, due to free cash flow being positive and growing by 13.3% per year.
Financial health checks
We assess Vardhman Polytex's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Vardhman Polytex has a total score of 2/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
VARDMNPOLY Dividends
What is Vardhman Polytex's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
₹2,000 of
Vardhman Polytex
shares you are expected to receive
₹0
in your first year as a dividend.
Dividend Amount
- Unable to evaluate Vardhman Polytex's dividend yield against the bottom 25% of dividend payers as the company has not reported any payouts.
- Unable to evaluate Vardhman Polytex's dividend against the top 25% market benchmark as the company has not reported any payouts.
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 0 Analyst Estimates (S&P Global) | See Below |
| India Luxury Industry Average Dividend Yield | Market Cap Weighted Average of 110 Stocks | 0.6% |
| India Market Average Dividend Yield | Market Cap Weighted Average of 1400 Stocks | 1.4% |
| India Minimum Threshold Dividend Yield | 10th Percentile | 0.3% |
| India Bottom 25% Dividend Yield | 25th Percentile | 0.5% |
| India Top 25% Dividend Yield | 75th Percentile | 2% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in ₹) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2010-05-10 | 0.000 | 0.000 |
| 2009-06-16 | 0.000 | 0.000 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Unable to perform a dividend volatility check as Vardhman Polytex has not reported any payouts.
- Unable to verify if Vardhman Polytex's dividend has been increasing as the company has not reported any payouts.
Income/ dividend checks
We assess Vardhman Polytex's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.3%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Vardhman Polytex afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Vardhman Polytex has a total score of 0/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
VARDMNPOLY Management
CEO
| COMPENSATION | ₹2,582,000 |
| AGE | 38 |
| TENURE AS CEO | 0.3 years |
CEO Bio
Mr. Adish Oswal, B.Com, has been Chairman, Managing Director and Chief Operating Officer at Vardhman Polytex Limited since December 26, 2018. He serves as Managing Director of Oswal Retail Pvt. Ltd. Mr. Oswal served as a Managing Director of Business & Corporate Affairs at Vardhman Polytex Ltd. until December 2018 and serves as an Executive Director since July 31, 2009. He is actively participating into administrative and day-to-day functioning of Vardhman Polytex and involved into the Strategic Decision making and key management decisions for the future growth. Mr. Oswal has been Executive Director of Vardhman Polytex Ltd since July 31, 2009. He serves as a Director of Oswal P.M. Hammerle Textiles Ltd., Oswal Retail (P) Ltd., Oswal Holding (P) Ltd., Oswal Infratech (P) Ltd., and Allepy Investment & Trading Co. (P).
CEO Compensation
- Adish's compensation has been consistent with company performance over the past year.
- Adish's remuneration is higher than average for companies of similar size in India.
Management Team Tenure
Average tenure and age of the Vardhman Polytex management team in years:
- The average tenure for the Vardhman Polytex management team is less than 2 years, this suggests a new team.
Management Team
Adish Oswal
Chairman
₹3M
38
0.3 yrs
Kamal Kamila
Vice President of Technical
54
Parvinder Singh
Executive Vice President
50
Ashok Goyal
Chief Production Officer
₹6M
59
Rohit Bhasker
Vice-President
53
Apjit Arora
Chief Financial Officer
42
Ajay Ratra
Company Secretary & Compliance Officer
0.4 yrs
Sunil Bhatnagar
Head of Corporate Human Resources
Sandeep Bahl
Chief General Manager
51
Vipan Sharma
Executive Officer
2.2 yrs
Board of Directors Tenure
Average tenure and age of the Vardhman Polytex board of directors in years:
- The average tenure for the Vardhman Polytex board of directors is less than 3 years, this suggests a new board.
Board of Directors
Adish Oswal
Chairman
₹3M
38
0.3 yrs
Manju Oswal
Non Executive Director
₹30K
61
1.7 yrs
Harpal Singh
Non-Executive Independent Director
50
0.9 yrs
Aarti Sharma
Independent Director
0.1 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price (₹) | Value (₹) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 04. Jan 19 | Buy | Amrante Trust | Company | 01. Oct 18 | 31. Dec 18 | 10,000 | ₹11.80 | ₹118,000 | ||
Management checks
We assess Vardhman Polytex's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Vardhman Polytex has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
VARDMNPOLY News
Simply Wall St News
Imagine Owning Vardhman Polytex (NSE:VARDMNPOLY) And Trying To Stomach The 75% Share Price Drop
So take a moment to sympathize with the long term shareholders of Vardhman Polytex Limited (NSE:VARDMNPOLY), who have seen the share price tank a massive 75% over a three year period. … Given that Vardhman Polytex didn't make a profit in the last twelve months, we'll focus on revenue growth to form a quick view of its business development. … Over the last three years, Vardhman Polytex's revenue dropped 13% per year.
Simply Wall St - – Full articleDo Insiders Own Shares In Vardhman Polytex Limited (NSE:VARDMNPOLY)?
If you want to know who really controls Vardhman Polytex Limited (NSE:VARDMNPOLY), then you'll have to look at the makeup of its share registry. … Vardhman Polytex is not a large company by global standards. … View our latest analysis for Vardhman Polytex
Simply Wall St - – Full articleShould You Worry About Vardhman Polytex Limited's (NSE:VARDMNPOLY) CEO Pay?
Ashok Oswal took the reins as CEO of Vardhman Polytex Limited's (NSE:VARDMNPOLY) and grew market cap to ₹273.06m recently. … Understanding how CEOs are incentivised to run and grow their company is an important aspect of investing in a stock. … See our latest analysis for Vardhman Polytex
Simply Wall St - – Full articleWho Are The Major Shareholders Of Vardhman Polytex Limited (NSE:VARDMNPOLY)?
See our latest analysis for Vardhman Polytex NSEI:VARDMNPOLY Ownership_summary Jun 5th 18 Institutional Ownership Institutional investors transact in large blocks which can influence the momentum of stock prices, at least in the short-term, especially when there is a low level of public shares available on the market to trade. … Private Company Ownership Another group of owners that a potential investor in VARDMNPOLY should consider are private companies, with a stake of 57.79%. … Thus, potential investors should look into these business relations and check how it can impact long-term shareholder returns.Next Steps: With a low level of institutional ownership, investors in VARDMNPOLY need not worry about non-fundamental factors such as ownership structure causing large impact on stock prices.
Simply Wall St - – Full articleVardhman Polytex Limited (NSE:VARDMNPOLY): Does The Earnings Decline Make It An Underperformer?
For the most up-to-date info, I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … NSEI:VARDMNPOLY Income Statement Apr 11th 18 We can further analyze Vardhman Polytex's loss by looking at what the industry has been experiencing over the past few years. … Each year, for the past half a decade Vardhman Polytex's revenue growth has been fairly muted, with an annual growth rate of 0.99%, on average.
Simply Wall St - – Full articleWho Are The Largest Shareholders In Vardhman Polytex Limited (NSE:VARDMNPOLY)?
View our latest analysis for Vardhman Polytex NSEI:VARDMNPOLY Ownership_summary Mar 2nd 18 Institutional Ownership Institutional investors are one of the largest group of market participants and their buy-sell decisions on a company's stock can significantly impact prices, more so, when there are relatively small amounts of shares available on the market to trade. … Private Company Ownership Another important group of owners for potential investors in VARDMNPOLY are private companies that hold a stake of 57.79% in VARDMNPOLY. … As a result, potential investors should further explore the company's business relations with these companies and find out if they can affect shareholder returns in the long-term.Next Steps: Institutional ownership in VARDMNPOLY is not at a level that would concern investors.
Simply Wall St - – Full articleWhat Are The Drivers Of Vardhman Polytex Limited's (NSE:VARDMNPOLY) Risks?
The second type is market risk, one that you cannot diversify away, since it arises from macroeconomic factors which directly affects all the stocks in the market. … With a market cap of IN₨556.16M, VARDMNPOLY falls within the small-cap spectrum of stocks, which are found to experience higher relative risk compared to larger companies. … Depending on the composition of your portfolio, low-beta stocks such as VARDMNPOLY is valuable to lower your risk of market exposure, in particular, during times of economic decline.
Simply Wall St - – Full articleVardhman Polytex Limited (NSE:VARDMNPOLY): Does The -120.1% Earnings Decline Make It An Underperformer?
After reading Vardhman Polytex Limited's (NSEI:VARDMNPOLY) most recent earnings announcement (31 March 2017), I found it useful to look back at how the company has performed in the past and compare this against the latest numbers. … I use data from the most recent 12 months, which annualizes the latest 6-month earnings release, or some times, the latest annual report is already the most recent financial data. … For Vardhman Polytex, its latest twelve-month earnings is -₹330.4M, which, against last year’s figure, has become more negative.
Simply Wall St - – Full articleVARDMNPOLY Company Info
Description
Vardhman Polytex Limited, through its subsidiaries, manufactures and sells yarns and garments in India and internationally. The company provides yarns, including grey cotton yarns, polyester cotton yarns, compact yarns, organic cotton yarns, BCI cotton yarns and blends, dyed yarns, SUPIMA cotton yarns, modal and cotton/modal blends, bamboo and cotton/bamboo blends, slub/multicount yarns, and lycra/spandex blended core spun yarns. It also offers fabrics, including yarn dyed shirting fabrics; various fabric constructions; and fabrics with mechanical and chemical finishes. In addition, the company provides garments, such as polo and round neck T-shirts, hoodies, sweatshirts, etc. for men, women, and kids. Further, the company develops real estate projects. The company was incorporated in 1980 and is based in Ludhiana, India.
Details
| Name: | Vardhman Polytex Limited |
| VARDMNPOLY | |
| Exchange: | NSEI |
| Founded: | 1980 |
| ₹169,857,092 | |
| 22,290,957 | |
| Website: | http://www.oswalgroup.com |
| Address: |
Vardhman Polytex Limited Vardhman Park, Chandigarh Road, Ludhiana, Punjab, 141123, India |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| BSE | 514175 | Equity Shares | Mumbai Stock Exchange | IN | INR | 26. Feb 2001 | |
| NSEI | VARDMNPOLY | Equity Shares | National Stock Exchange of India | IN | INR | 26. Feb 2001 |
Number of employees
Current staff
Industry
| Textiles | |
| Consumer Durables |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/24 12:47 |
| End of day share price update: | 2019/04/24 00:00 |
| Last earnings filing: | 2018/10/10 |
| Last earnings reported: | 2018/03/31 |
| Last annual earnings reported: | 2018/03/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
