Assembled from the company's filings and exchange data as of today. Download PDF renders this page on the server; the narrative sections arrive with the Nexa composer.
Dossier · VARDHMAN POLYTEX LTD. · 29 October 2026Page 1 of 3
Company Dossier
MarketPing Research · factual · no rating expressed
VARDHMAN POLYTEX LTD.
NSE: VARDMNPOLY · BSE: 514175
NSE: VARDMNPOLY · BSE: 514175
Consumer Discretionary › Textiles › Textiles & Apparels › Other Textile Products
VARDHMAN POLYTEX LTD.
StateQ4 FY22 filed
Last close · 28 Oct 2026₹4.90
Market cap₹0.2k cr
TTM P/E · P/B · EV/EBITDA— · — · 3.5
VARDHMAN POLYTEX LTD. is a Textiles & Apparels company listed on NSE. The annual-report business brief for this company has not been generated yet; the numbers below are as filed.
What a broker report prints here — the analyst's thesis. This dossier prints the filed record instead; the narrative read of the latest results, the guidance ledger and the earnings-call summary are the composer's sections (INSTITUTIONAL-PLAN.md M3) and are not yet produced.
Exhibit 1: Financial summary, FY19–FY22 (all audited; no estimate years)
| ₹ crore · consolidated | FY19 | FY20 | FY21 | FY22 |
|---|---|---|---|---|
| Revenue | 811 | 561 | 509 | 929 |
| EBITDA (ex other income) | 1 | 174 | 14 | 59 |
| margin % | 0.2 | 31.0 | 2.8 | 6.4 |
| Owners' profit | 0 | 102 | 0 | (16) |
| EPS, as reported (₹) | (33.20) | 45.68 | (25.43) | (6.96) |
| ROE % · ROCE % | 18.9 · 3.7 | (35.0) · (56.6) | 16.3 · (0.7) | — · — |
| Debt / equity (x) | (1.14) | (1.68) | (1.50) | — |
| Cash from operations | — | — | 24 | 0 |
| Capex | — | — | (2) | 0 |
Source: SEBI results XBRL as filed with BSE/NSE; EBITDA excludes other income.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · VARDHMAN POLYTEX LTD. · 29 October 2026Page 2 of 3
Exhibit 2: Quarterly performance, last 8 quarters
| ₹ crore | Q4 FY20 | Q1 FY21 | Q2 FY21 | Q3 FY21 | Q4 FY21 | Q1 FY22 | Q2 FY22 | Q4 FY22 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 136 | 43 | 121 | 151 | 194 | 192 | 215 | 278 |
| Profit before tax | 162 | (22) | (20) | (14) | (1) | (0) | (2) | (7) |
| Net profit | 162 | (22) | (20) | (14) | (1) | (0) | (2) | (7) |
| EPS (₹) | 72.49 | (9.66) | (8.90) | (6.34) | (0.53) | (0.20) | (0.82) | (3.04) |
Source: quarterly results as filed; the balance sheet is filed half-yearly and is not repeated here.
Exhibit 3: Peers — basic industry group, by market cap
| Company | M.cap ₹ cr | P/E | P/B | EV/EBITDA | ROE % | ROCE % | Rev CAGR 5y % | EBITDA m. % |
|---|---|---|---|---|---|---|---|---|
| KPR MILL LTD. | 37,325 | 40.9 | 6.55 | 27.0 | 15.2 | 19.3 | 13.5 | 21.2 |
| WELSPUN LIVING LIMITED | 20,367 | 74.1 | 4.09 | 26.1 | 4.3 | 4.0 | 5.1 | 12.7 |
| VARDHMAN TEXTILES LIMITED | 14,669 | 17.0 | 1.39 | 11.3 | 7.1 | 7.4 | 10.0 | 20.4 |
| TRIDENT LIMITED | 10,870 | 27.4 | 2.28 | 13.4 | 7.9 | 8.6 | 8.1 | 17.7 |
| INDO COUNT INDUSTRIES LTD | 8,471 | 56.1 | 3.60 | 20.4 | 5.4 | 5.4 | 10.5 | 13.3 |
| GARWARE TECH FIBRES LTD | 7,310 | 35.3 | 5.40 | 22.9 | 14.7 | 18.7 | 8.1 | 20.5 |
| FILATEX INDIA LTD | 4,207 | 22.0 | 2.80 | 11.5 | 12.2 | 13.8 | — | 7.6 |
| SANATHAN TEXTILES LIMITED | 4,178 | 68.8 | 2.23 | 18.6 | 4.1 | 3.5 | — | 8.4 |
Source: exchange data and filed statements via the screener; multiples at current prices.
Exhibit 4: Where the company sits in its group
| Metric | Company | Group median | Rank | Better than |
|---|---|---|---|---|
| EBITDA margin | 5.0 | 9.8 | 142 of 198 | 28% |
| Revenue growth | 84.0 | 6.9 | 24 of 192 | 88% |
| Profit growth | 52.1 | 20.0 | 79 of 203 | 61% |
| Market cap | 237 | 61 | 59 of 223 | 74% |
Source: MarketPing peer ranks; a rank is a measurement, not a view.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in
Dossier · VARDHMAN POLYTEX LTD. · 29 October 2026Page 3 of 3
Exhibit 5: Filings of the last 90 days, with the measured price reaction
| Date · filing | Category | Importance | Next day % | 5-day % |
|---|---|---|---|---|
| 9 Oct 2026 · RTA submits Regulation 74(5) certificate for Q2 FY27 | compliance | minimal | — | — |
| 29 Sept 2026 · Vardhman Polytex makes part repayment of OCDs worth Rs 1.5 crore | credit debt | medium | — | — |
| 28 Sept 2026 · Part repayment of Rs 1 Crore towards OCDs by Vardhman Polytex | credit debt | medium | — | — |
| 25 Sept 2026 · Vardhman Polytex makes Rs 1 Crore part repayment of OCDs | credit debt | medium | — | — |
| 25 Sept 2026 · Trading Window closed from Oct 1 ahead of Q2 results | compliance | minimal | — | — |
| 25 Sept 2026 · 46th AGM voting results and scrutinizer report filed - all 3 resolutions approved | compliance | minimal | — | — |
| 24 Sept 2026 · 46th AGM held on 24 Sept 2026; results within 2 working days | board shareholder meetings | low | — | — |
| 24 Sept 2026 · Vardhman Polytex 46th AGM proceedings held on September 24, 2026 | board shareholder meetings | low | — | — |
| 18 Sept 2026 · Vardhman Polytex makes Rs 1 crore part repayment of OCDs | credit debt | medium | — | — |
| 18 Sept 2026 · Oswal Holding converts warrants, promoter group stake in Vardhman Polytex rises to 40.63% | ownership changes | high | — | — |
Source: exchange announcements; each reaction is measured from the close before the filing. Next day = the close one session after the reaction day (the first session that could trade the filing).
How to read this document
| Where a broker report shows | This document shows | Why |
|---|---|---|
| A rating (BUY / ADD / REDUCE / SELL) | A state: the latest filed quarter and the measured reactions | an event is a fact; a rating is an opinion that requires SEBI RA registration |
| A target price and upside | The current price and the multiples against the group | a target is a forecast; a multiple is a measurement |
| Estimate years marked E | More audited years; no estimates | MarketPing publishes no forecasts — your own model lives on the Models page |
Sources, method and disclosures
This document is a statistical summary of publicly filed information and market data, prepared by software from primary sources: SEBI results XBRL filed with BSE and NSE, LODR disclosures, shareholding patterns, exchange price data. It contains no research recommendation, no price target and no opinion on the merits of any security, and is not a research report within the meaning of the SEBI (Research Analysts) Regulations, 2014, Regulation 2(1)(w)(vii). Financial statements are as filed (consolidated where the company files consolidated results). Ratios are computed over filed lines. Where a figure is unavailable the table shows a dash rather than an estimate. The business brief is written by MarketPing's reader from the annual report and checked against it; no figure in a table was generated by a model. Nothing here constitutes investment advice, an offer or a solicitation; readers should consult a SEBI-registered adviser before acting. MarketPing is not a SEBI-registered intermediary.
Every figure is a filed number or a ratio over filed numbers · No rating, target or fair value is expressed · Disclosures on the last pagemarketping.in