# Vardhman Holdings share price today (Vardhman Holdings Ltd, NSE: VHL)

> Vardhman Holdings share price today: ₹3,459.10 at the NSE close on 3 November 2026, down 10.4% in a year. Vardhman Holdings (NSE: VHL) is worth ₹1,103 crore, trades at a P/BV of 0.3 and has closed between ₹3,071.10 and ₹3,858.70 over the past 52 weeks. > Vardhman Holdings Ltd's results are improving, while its P/BV is near the low end of its own history over 9.2 years, higher than only 17% of past readings. VHL · Finance - Holding Company · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/vardhman-holdings-ltd

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## Key numbers

- Price: ₹3,459.10 (−10.4% in a year)
- P/BV: 0.3× (lower than 83% of the last 9.2 years)
- Revenue (Jun 2026): ₹11.0 Cr (+266.7% on a year ago)
- Profit (Jun 2026): ₹98.0 Cr (+55.6% on a year ago)
- Net margin: 890.9% (−1,209.1 points on a year ago)
- ROE: 6%, FY26

Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. ## What is the Vardhman Holdings share price today? Vardhman Holdings Ltd's share price was ₹3,459.10 at the close on 3 November 2026. It has been moving sideways for 4 weeks. That is 1.4% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹3,071 and ₹3,859, and at that close it sat 49% of the way up from that low. Over the past 13 weeks it has done better than the NIFTY 500, and it has stayed ahead for 6 weeks in a row. Over the last 11 years the share price moved +312% while the NIFTY 500 moved +251%, so it is ahead of the index over that whole period. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at Vardhman Holdings this quarter? Three changes stood out: revenue grew again in the June 2026 quarter, profit grew again in the June 2026 quarter and highest quarterly profit in 15 quarters. 1. Revenue grew again in the June 2026 quarter Revenue was ₹11 crore, +266.7% on a year earlier (₹3 crore), after 4 quarters of decline. 2. Profit grew again in the June 2026 quarter Profit was ₹98 crore, +55.6% on a year earlier (₹63 crore), after 4 quarters of decline. 3. Highest quarterly profit in 15 quarters Profit of ₹98 crore in the June 2026 quarter is the highest of the last 15 quarters. ## What are Vardhman Holdings' latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), Vardhman Holdings reported total income of ₹11.0 crore, up 266.7% from ₹3.00 crore a year earlier, and a profit of ₹98.0 crore, up 55.6% from ₹63.0 crore. ### Vardhman Holdings results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Total income | ₹11.0 crore | ₹3.00 crore | +266.7% |
| Profit | ₹98.0 crore | ₹63.0 crore | +55.6% |
| Earnings per share | ₹307.32 | ₹196.08 | +56.7% |
| Net margin | 890.9% | 2,100.0% | −1,209.1 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). (From the company's reported quarterly results (quarter ended 30 June 2026). Income and profit in ₹ crore.)

## What is the Vardhman Holdings share price history? Vardhman Holdings closed at ₹3,459.10 on 3 November 2026, down 10.4% from ₹3,858.70 a year earlier (7 November 2025) and up 3.5% over five years. Its highest weekly close since March 2016 was ₹5,779.70 on 5 January 2018. ### Vardhman Holdings share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹3,329.00 | +3.9% |
| 1 month ago · 1 Oct 2026 | ₹3,435.30 | +0.7% |
| 6 months ago · 30 Apr 2026 | ₹3,376.80 | +2.4% |
| 1 year ago · 7 Nov 2025 | ₹3,858.70 | −10.4% |
| 3 years ago · 3 Nov 2023 | ₹2,755.45 | +25.5% |
| 5 years ago · 4 Nov 2021 | ₹3,342.60 | +3.5% |
| 10 years ago · 4 Nov 2016 | ₹1,878.00 | +84.2% |
| Earliest and lowest weekly close in our records · 11 Mar 2016 | ₹840.00 | +311.8% |
| Highest weekly close since March 2016 · 5 Jan 2018 | ₹5,779.70 | −40.2% |
| 52-week high (weekly close) · 7 Nov 2025 | ₹3,858.70 | −10.4% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹3,071.10 | +12.6% |

Weekly closing prices. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (560 weekly closes from 11 March 2016 to 3 November 2026.)

## What is the latest news on Vardhman Holdings? 3 Nov 2026: Vardhman Holdings closed at ₹3,459.10, up 3.9% on the week and up 0.7% on the month. 28 Aug 2026: ex-date for a dividend of ₹5 a share. ### Earlier

- Results for April to June 2026: Total income up 266.7% and profit up 55.6% on a year earlier. ## What dividend does Vardhman Holdings pay? Vardhman Holdings paid ₹5 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.14% at the ₹3,459.10 close on 3 November 2026. The last was a dividend of ₹5 a share, ex-date 28 August 2026. ### Vardhman Holdings dividends since 1 April 2021

| Ex-date | Dividend per share | Type |
| --- | --- | --- |
| 28 Aug 2026 | ₹5 | Dividend |
| 12 Sep 2025 | ₹5 | Dividend |
| 6 Sep 2024 | ₹5 | Dividend |
| 15 Sep 2023 | ₹5 | Dividend |
| 16 Sep 2022 | ₹5 | Dividend |
| 16 Sep 2021 | ₹5 | Dividend |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. The record date is the same day as the ex-date for every payment here. 5 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. Vardhman Holdings Ltd paid out 1% of its profit as dividends in FY26, and it paid a dividend in 9 of its last 11 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## Which stock lists is Vardhman Holdings on? Vardhman Holdings is on one of our India lists: Momentum stocks. [Momentum stocks Market cap cr: 1100.5740627989912](https://www.sectoralpha.in/momentum-stocks-india)

## Is Vardhman Holdings profitable? Vardhman Holdings Ltd earned ₹98.0 Cr of net profit in the Jun 2026 quarter, +55.6% on the same quarter a year earlier. Full-year FY26 profit was ₹216 Cr. Over 10 years profit has grown 3.1% a year on average. That is 890.9% of the quarter's revenue. The same quarter a year earlier earned ₹63.0 Cr. For the full year, FY26 profit was ₹216 Cr (−16.3% on the year before). Why profit moved: revenue changed +266.7% on a year earlier and the margin moved −1,209.1 percentage points. Sales did the work while the margin got thinner. On average over the last four quarters, profit changed +2.1% and revenue +23.8%. Profit is growing slower than sales: rising costs are taking part of the growth. ## How much revenue does Vardhman Holdings make, and is it growing? Vardhman Holdings Ltd reported ₹11.0 Cr of income in the Jun 2026 quarter, +266.7% on the same quarter a year earlier. Over 10 years it has grown −0.8% a year on average. The last full year, FY26, came in at ₹12.0 Cr. The last four reported quarters add to ₹20.0 Cr. FY26 revenue was ₹12.0 Cr, −47.8% on the year before. Recent pace: the last four quarters grew +23.8% on average, against −0.8% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +5.3%, against −33.3% a year over the last 8 quarters (accelerating); profit over the last 12 months grew +1.6%, against +8.3% a year (rolling over). ## How much does Vardhman Holdings keep from what it earns? Vardhman Holdings Ltd's net margin was 890.9% in the Jun 2026 quarter, 1,209.1 percentage points lower than the same quarter a year ago. Across 11 years it has been between 432.9% and 3,800.0%. The latest quarter is within that range. Why: the net margin move is clear, but the cost details behind it are not in our data, so we show the move without guessing the reason. ## How many of Vardhman Holdings' loans have gone bad? Vardhman Holdings Ltd does not report loan-quality figures this page can read, so this section says so rather than guess. No bad-loan figures are filed in a form this page can read, and none are guessed from the profit line. The income, margin and return sections carry what this business does report. Why: loan quality drives a lender, but its details (new bad loans, recoveries, money set aside) are not in our data for this company. The sections around this one carry what we can back up. ## How fast is Vardhman Holdings' loan book growing? Vardhman Holdings Ltd's revenue was ₹12.0 Cr in FY26, −47.8% on the year before, so the loan book is not growing. The latest quarter was +266.7% on a year earlier. The net margin on that income is 890.9%, −1,209.1 percentage points on a year ago. Interest income stands in for the size of the loan book; changes in interest rates can move it a few points in any year. In short: a lender grows well when its loan book grows, its margin stays steady and its loans stay clean. Gross NPA is the loan-quality figure this page uses. ## What is Vardhman Holdings' P/BV ratio, and how does it compare with its own history? Vardhman Holdings Ltd's P/BV is 0.3×, near the low end of its own history: it has been lower only 17% of the time. Its usual P/BV (the middle reading) is 0.3×, over 9.2 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Why the multiple is low: this lender earns about 6% a year on its equity. A lender that earns less on its net worth is valued lower for each rupee of it, and that gap usually closes only if returns improve. Why the multiple is where it is: over the past year book value grew while the price moved −10.4%. Price and book value moved together, so the multiple stayed in its range. Where the price move came from: over 5 years the price moved +0.7% a year; about +7.3% a year came from book-value growth and about −6.6 percentage points from the multiple (the market paying less). The split is approximate (price return minus book-value growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the book value trend underneath matters more than the multiple. A quarterly PEG curve, which only the second data source has, is not shown on this page: its two data sources disagree by up to 12% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Is the Vardhman Holdings business getting better or worse? Vardhman Holdings Ltd's business is giving mixed signals. Revenue growth is rising from its low at +5.3% while eps growth is falling at +1.6%, so the lines disagree and each one tells part of the story. This is based on 8 quarters of 3 measures, with some gaps. Why it matters: when the lines disagree, each line above matters more than any single label. The latest quarter’s profit includes a one-off item bigger than the normal business, so the profit line is shown but does not count in this reading. This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution. ## How much does Vardhman Holdings earn on its equity and assets? We do not have a clean yearly return-on-equity history for Vardhman Holdings Ltd. For an insurer in particular, the usual bank ratios do not fit, so this page does not force them or estimate a series. The revenue, margin and ownership sections show what this company does report. The quarterly return-on-equity and return-on-assets curves, which only the second data source has, are not shown on this page: its two data sources disagree by up to 12% on reported income across 15 comparable periods. When two sources disagree on a figure, we leave it out on purpose. The gap is a choice, not missing data. ## Does Vardhman Holdings have too much debt? For a bank, borrowing is the raw material of the business, not a warning sign: it borrows money in order to lend it out. Its safety is read through its returns and its loans. Its safety is read from the bad-loan figures and the return on equity instead. For a manufacturer, debt is a claim on its profits. For a lender it is the stock it trades in, so the usual debt-to-equity test would mislead and is not used here. ## What is the Vardhman Holdings shareholding pattern? No group of Vardhman Holdings Ltd's owners changed its stake by a full percentage point over the last two years. Promoters moved +0.0 points over the same period, to 74.9%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −0.1 points over 8 quarters, to 0.1%; Promoters: +0.0 points over 8 quarters, to 74.9%; Foreign institutions: +0.0 points over 8 quarters, to 0.1%. ## How far is Vardhman Holdings from balance-sheet trouble? For Vardhman Holdings Ltd, the Z-score is not used, because it was built for manufacturers, not lenders. For a lender, safety is read from its capital and bad-loan figures instead. ## How does Vardhman Holdings rank in its industry? 41.9 out of 100, rank 13 of 18 in Finance - Holding Company, with 58% of the evidence available. Vardhman Holdings Ltd scores 41.9 out of 100 against the 18 companies it is compared with in Finance - Holding Company, ranking 13. Some evidence is missing, so the score is pulled toward the middle on purpose. The four parts add up to the total exactly: 12.8 + 8.9 + 8 + 12.2 = 41.9. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if ROA turns down or gross NPA rises while the share price lags its sector. ## Which companies is Vardhman Holdings compared with? Vardhman Holdings ranks 13 of 18 Finance - Holding Company companies on the 4-Factor Sector Score, with 41.9 out of 100. 1. [Jindal Poly Investment & Finance Company Ltd](https://www.sectoralpha.in/stocks/jindal-poly-investment-finance-company-ltd) JPOLYINVST · quiet · Most evidence points up · 69% evidence 69.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Income 100% · Profit 100% · 75% evidence Capital efficiency 20.7/25 · ROA 47.9% · ROE 54.8% · GNPA n/a · 72% evidence Valuation 14.0/20 · P/BV 0.58× · P/BV÷ROE 0.01 · 100% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -11.2% · 1 year -10.3% · 25% evidence · 0 of 12 weeks ahead Exact sum: 27.1 + 20.7 + 14 + 8.1 = 69.9 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 2. [Kama Holdings Ltd](https://www.sectoralpha.in/stocks/kama-holdings-ltd) KAMAHOLD · basing · Most evidence points up · 69% evidence 69.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.3/35 · Income 12.9% · Profit 50.8% · 75% evidence Capital efficiency 18.1/25 · ROA 7.3% · ROE 12.6% · GNPA n/a · 72% evidence Valuation 18.2/20 · P/BV 0.86× · P/BV÷ROE 0.07 · 100% evidence Relative strength 8.6/20 · Lead over its industry n/a · Lead over NIFTY 500 -10.2% · 1 year -29.4% · 25% evidence · 0 of 12 weeks ahead Exact sum: 24.3 + 18.1 + 18.2 + 8.6 = 69.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Alembic Ltd](https://www.sectoralpha.in/stocks/alembic-ltd) ALEMBICLTD · losing its lead · Evidence leans up · 84% evidence 62.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 10.1/35 · Income 8.1% · Profit 1.3% · 75% evidence Capital efficiency 18.3/25 · ROA 12.2% · ROE 13% · GNPA n/a · 72% evidence Valuation 16.3/20 · P/BV 0.92× · P/BV÷ROE 0.07 · 100% evidence Relative strength 17.5/20 · Lead over its industry 4.1% · Lead over NIFTY 500 -2% · 1 year -12.3% · 100% evidence · 9 of 12 weeks ahead Exact sum: 10.1 + 18.3 + 16.3 + 17.5 = 62.2 · What this means: Relative strength against the index is -2%, and revenue and profit growth are weak. 4. [Cholamandalam Financial Holdings Ltd](https://www.sectoralpha.in/stocks/cholamandalam-financial-holdings-ltd) CHOLAHLDNG · basing · Evidence leans up · 76% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.8/35 · Income 17.5% · Profit 24.3% · 55% evidence Capital efficiency 18.6/25 · ROA 2.2% · ROE 17.5% · GNPA n/a · 68% evidence Valuation 17.0/20 · P/BV 1.64× · P/BV÷ROE 0.09 · 100% evidence Relative strength 5.9/20 · Lead over its industry -6.3% · Lead over NIFTY 500 -12.1% · 1 year -29.1% · 100% evidence · 0 of 12 weeks ahead Exact sum: 19.8 + 18.6 + 17 + 5.9 = 61.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [TVS Holdings Ltd](https://www.sectoralpha.in/stocks/tvs-holdings-ltd) TVSHLTD · quiet · Evidence leans up · 75% evidence 56.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 24.2/35 · Income 35% · Profit 48.9% · 52% evidence Capital efficiency 13.9/25 · ROA 0.4% · ROE 30.6% · GNPA n/a · 68% evidence Valuation 10.8/20 · P/BV 3.68× · P/BV÷ROE 0.12 · 100% evidence Relative strength 7.3/20 · Lead over its industry -2.1% · Lead over NIFTY 500 -5.9% · 1 year -19.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 24.2 + 13.9 + 10.8 + 7.3 = 56.2 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. [Bajaj Finserv Ltd](https://www.sectoralpha.in/stocks/bajaj-finserv-ltd) BAJAJFINSV · quiet · Evidence leans up · 73% evidence 52.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.2/35 · Income 14.7% · Profit 10.5% · 45% evidence Capital efficiency 18.1/25 · ROA 4.9% · ROE 13.2% · GNPA n/a · 68% evidence Valuation 8.7/20 · P/BV 3.43× · P/BV÷ROE 0.26 · 100% evidence Relative strength 8.5/20 · Lead over its industry -1.3% · Lead over NIFTY 500 -7.1% · 1 year -20.1% · 100% evidence · 7 of 12 weeks ahead Exact sum: 17.2 + 18.1 + 8.7 + 8.5 = 52.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Bajaj Holdings & Investment Ltd](https://www.sectoralpha.in/stocks/bajaj-holdings-investment-ltd) BAJAJHLDNG · quiet · Too little evidence to rank firmly · 58% evidence 51.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.4/35 · Income 30.3% · Profit 5.6% · 45% evidence Capital efficiency 12.3/25 · ROA 0.6% · ROE 11.9% · GNPA n/a · 68% evidence Valuation 10.9/20 · P/BV 1.55× · P/BV÷ROE 0.13 · 100% evidence Relative strength 11.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -0.6% · 1 year -17% · 25% evidence · 9 of 12 weeks ahead Exact sum: 17.4 + 12.3 + 10.9 + 11.1 = 51.7 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 8. [Rane Holdings Ltd](https://www.sectoralpha.in/stocks/rane-holdings-ltd) RANEHOLDIN · quiet · Too little evidence to rank firmly · 58% evidence 48.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.7/35 · Income 25.8% · Profit -50.8% · 45% evidence Capital efficiency 14.3/25 · ROA 4% · ROE 7% · GNPA n/a · 68% evidence Valuation 6.7/20 · P/BV 1.78× · P/BV÷ROE 0.25 · 100% evidence Relative strength 12.5/20 · Lead over its industry n/a · Lead over NIFTY 500 6.1% · 1 year -6.9% · 25% evidence · 5 of 12 weeks ahead Exact sum: 14.7 + 14.3 + 6.7 + 12.5 = 48.2 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 9. [Tata Investment Corporation Ltd](https://www.sectoralpha.in/stocks/tata-investment-corporation-ltd) TATAINVEST · quiet · Evidence leans down · 84% evidence 47.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 25.8/35 · Income 31.6% · Profit 31.4% · 75% evidence Capital efficiency 12.2/25 · ROA 1.3% · ROE 1.4% · GNPA n/a · 72% evidence Valuation 4.0/20 · P/BV 0.97× · P/BV÷ROE 0.67 · 100% evidence Relative strength 5.3/20 · Lead over its industry -5.6% · Lead over NIFTY 500 -11.2% · 1 year -29.6% · 100% evidence · 0 of 12 weeks ahead Exact sum: 25.8 + 12.2 + 4 + 5.3 = 47.3 · What this means: Earnings are strong; relative strength in its sector is -5.6% and the one-year return is -29.6%. 10. [JSW Holdings Ltd](https://www.sectoralpha.in/stocks/jsw-holdings-ltd) JSWHL · turning · Evidence leans down · 82% evidence 47.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.6/35 · Income 55.8% · Profit 61.6% · 86% evidence Capital efficiency 8.4/25 · ROA 0.5% · ROE 0.5% · GNPA n/a · 72% evidence Valuation 4.4/20 · P/BV 0.34× · P/BV÷ROE 0.74 · 70% evidence Relative strength 6.8/20 · Lead over its industry -14.6% · Lead over NIFTY 500 -19.7% · 1 year -33.5% · 100% evidence · 3 of 12 weeks ahead Exact sum: 27.6 + 8.4 + 4.4 + 6.8 = 47.2 · What this means: Earnings are strong; relative strength in its sector is -14.6% and the one-year return is -33.5%. 11. [Max India Ltd](https://www.sectoralpha.in/stocks/max-india-ltd) MAXIND · quiet · Too little evidence to rank firmly · 52% evidence 44.9 out of 100 Growth Capital Valuation Relative
12. [Godrej Industries Ltd](https://www.sectoralpha.in/stocks/godrej-industries-ltd) GODREJIND · quiet · Evidence leans down · 73% evidence 44.0 out of 100 Growth Capital Valuation Relative
13. Vardhman Holdings Ltd this page VHL · breaking out · Too little evidence to rank firmly · 58% evidence 41.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.8/35 · Income 5.3% · Profit 1.6% · 45% evidence Capital efficiency 8.9/25 · ROA 0.2% · ROE 5.9% · GNPA n/a · 68% evidence Valuation 8.0/20 · P/BV 0.29× · P/BV÷ROE 0.05 · 100% evidence Relative strength 12.2/20 · Lead over its industry n/a · Lead over NIFTY 500 4.6% · 1 year -16.9% · 25% evidence · 4 of 12 weeks ahead Exact sum: 12.8 + 8.9 + 8 + 12.2 = 41.9 · What this means: Some evidence is missing, so the score is pulled toward the middle on purpose. 14. [Elcid Investments Ltd](https://www.sectoralpha.in/stocks/elcid-investments-ltd) ELCIDIN · basing · Evidence leans down · 78% evidence 38.0 out of 100 Growth Capital Valuation Relative
15. [Kalyani Investment Company Ltd](https://www.sectoralpha.in/stocks/kalyani-investment-company-ltd) KICL · quiet · Too little evidence to rank firmly · 54% evidence 32.1 out of 100 Growth Capital Valuation Relative
16. [Max Financial Services Ltd](https://www.sectoralpha.in/stocks/max-financial-services-ltd) MFSL · quiet · Most evidence points down · 88% evidence 31.7 out of 100 Growth Capital Valuation Relative
17. [Maharashtra Scooters Ltd](https://www.sectoralpha.in/stocks/maharashtra-scooters-ltd) MAHSCOOTER · quiet · Most evidence points down · 73% evidence 31.5 out of 100 Growth Capital Valuation Relative
18. [Pilani Investment & Industries Corporation Ltd](https://www.sectoralpha.in/stocks/pilani-investment-industries-corporation-ltd) PILANIINVS · basing · Most evidence points down · 69% evidence 29.6 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. Financial companies use P/BV÷ROE and asset quality; PEG, industrial OPM and ROCE are excluded. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Finance - Holding Company](https://www.sectoralpha.in/sectors/finance-holding-company), all 18 compared on one page. ## Which companies are close to Vardhman Holdings in size? Vardhman Holdings is the 16th largest of 18 Finance - Holding Company companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Alembic, Rane Holdings, Elcid Investments and Kalyani Investment Company. Just below it: Jindal Poly Investment & Finance Company and Max India. ### Finance - Holding Company companies close in size

1. [Alembic Ltd](https://www.sectoralpha.in/stocks/alembic-ltd) ₹2,240 crore
2. [Rane Holdings Ltd](https://www.sectoralpha.in/stocks/rane-holdings-ltd) ₹2,053 crore
3. [Elcid Investments Ltd](https://www.sectoralpha.in/stocks/elcid-investments-ltd) ₹2,000 crore
4. [Kalyani Investment Company Ltd](https://www.sectoralpha.in/stocks/kalyani-investment-company-ltd) ₹1,897 crore
5. Vardhman Holdings Ltd ₹1,100 crore
6. [Jindal Poly Investment & Finance Company Ltd](https://www.sectoralpha.in/stocks/jindal-poly-investment-finance-company-ltd) ₹928 crore
7. [Max India Ltd](https://www.sectoralpha.in/stocks/max-india-ltd) ₹829 crore

[All 18 Finance - Holding Company companies, largest first](https://www.sectoralpha.in/sectors/finance-holding-company#all-companies)

### Companies close in size in other industries

1. [Nupur Recyclers Ltd](https://www.sectoralpha.in/stocks/nupur-recyclers-ltd) ₹1,105 crore · Trading
2. [K.P. Energy Ltd](https://www.sectoralpha.in/stocks/kp-energy-ltd) ₹1,104 crore · Engineering - Turnkey Services
3. Vardhman Holdings Ltd ₹1,100 crore
4. [Shree Refrigerations Ltd](https://www.sectoralpha.in/stocks/shree-refrigerations-ltd) ₹1,097 crore · Engineering - Light - General
5. [Safe Enterprises Retail Fixtures Ltd](https://www.sectoralpha.in/stocks/safe-enterprises-retail-fixtures-ltd) ₹1,095 crore · Steel

## What else do people ask about Vardhman Holdings? ### What is Vardhman Holdings's share price today? Vardhman Holdings Ltd's share price is ₹3,459.10, −10.4% over the past year. The whole company is worth ₹1,103 Cr on the market. In the last 52 weeks it traded between ₹3,071 to ₹3,859; today it is 49% of the way up from the low, 1.4% below its 200-day average (as of 3 November 2026). ### What were Vardhman Holdings's latest quarterly results? Vardhman Holdings Ltd reported total income of ₹11.0 Cr and net profit of ₹98.0 Cr for the Jun 2026 quarter. Income rose 266.7% and profit rose 55.6% compared with a year earlier. Earnings per share were ₹307.32. The net margin was 890.9%, 1,209.1 percentage points lower than a year earlier (as of 3 November 2026). ### What is Vardhman Holdings's market cap? Vardhman Holdings Ltd's market capitalisation is ₹1,103 Cr at a share price of ₹3,459.10. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is Vardhman Holdings performing? Vardhman Holdings Ltd's share price has been moving sideways for 4 weeks. In its latest quarter, income rose 266.7% and profit rose 55.6% compared with a year earlier. Over the past 13 weeks it has done better than the NIFTY 500, for 6 weeks running (as of 3 November 2026). ### Will Vardhman Holdings's share price go up? This page does not forecast Vardhman Holdings Ltd's share price. What it shows instead: the share price is ₹3,459.10, and it has been moving sideways for 4 weeks. Its P/BV of 0.3× is higher than 17% of its own last 9 years (as of 3 November 2026). ### Who owns Vardhman Holdings? Promoters own 74.9% of Vardhman Holdings Ltd, foreign institutions 0.1%, domestic institutions 0.1% and the public 25.0% (latest quarter). No group of owners changed its stake by a full point over the last two years (as of 3 November 2026). ### Where is Vardhman Holdings in its business cycle? Vardhman Holdings Ltd's FY26 net margin was 1,800.0%, against a 11-year range of 432.9% to 3,800.0%: the middle of its own range, neither a peak nor a low. The latest quarter was 890.9%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the Vardhman Holdings story? Biggest thing to watch: the price is not yet in a clear uptrend, so timing is the risk more than the business. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is Vardhman Holdings a stock worth studying right now? What the numbers show: Vardhman Holdings Ltd's results are improving, while its P/BV is near the low end of its own history over 9.2 years, higher than only 17% of past readings. The main open question: the next one or two quarters of results. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ## Lists

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