Vardhman Textiles share price today

Vardhman Textiles Ltd's share price was ₹529.85 at the close on 4 November 2026. It has been falling for 1 week. That is 4.2% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹403 and ₹666, and at that close it sat 48% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Vardhman Textiles Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 16 weeks running.

Over the last 11 years the share price moved +253% while the NIFTY 500 moved +257%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 17 July 2026. 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.

Three changes stood out: profit grew again in the June 2026 quarter, indian funds and insurers (DIIs) cut their stake for 6 quarters in a row and best operating margin in 15 quarters.

1. Profit grew again in the June 2026 quarter

   Profit was ₹315 crore, +51.4% on a year earlier (₹208 crore), after 4 quarters of decline.

   Why: Profit rose because the spinning business did better. It sold yarn at better prices, got some help from cheaper cotton bought earlier, and made a gain from trading raw material.

   Next results: check whether profit holds up once the cheap cotton bought earlier is used up, and whether better yarn prices keep supporting it.

   From the earnings call on 31 Jul 2026.

2. Indian funds and insurers (DIIs) cut their stake for 6 quarters in a row

   From 16.7% to 14.2% of the company by the September 2026 quarter.

3. Best operating margin in 15 quarters

   Operating margin was 18% in the June 2026 quarter, against 14% a year earlier.

   Why: The company kept more of each rupee of sales because the spinning business did better. Better yarn prices, some help from cheaper cotton bought earlier, and a raw material trading gain lifted it.

   Next results: check whether the company keeps more of each rupee of sales once the cheap cotton bought earlier is used up, and whether yarn prices stay firm.

   From the earnings call on 31 Jul 2026.

For April to June 2026 (the quarter ended 30 June 2026), Vardhman Textiles reported revenue of ₹2,703 crore, up 13.3% from ₹2,386 crore a year earlier, and a profit of ₹315 crore, up 51.4% from ₹208 crore.

Vardhman Textiles results: April to June 2026 against a year earlier

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).

Vardhman Textiles' management discussed these results on a call held on 31 July 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.

Vardhman Textiles closed at ₹529.85 on 4 November 2026, up 20.9% from ₹438.30 a year earlier (7 November 2025) and up 25.6% over five years. Its highest weekly close since February 2016 was ₹666.25 on 3 July 2026.

Vardhman Textiles share price: then and now

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

565 weekly closes from 26 February 2016 to 4 November 2026.

4 Nov 2026: Vardhman Textiles closed at ₹529.85, up 9.0% on the week and up 0.1% on the month. 28 Aug 2026: ex-date for a dividend of ₹5 a share.

Earlier

• 31 Jul 2026: Vardhman Textiles held its results call for April to June 2026. Management guided: Cotton balance: production could decline 2.0-3.0% annually while consumption grows 2.0-3.0% annually over the next 2-3 years, implying a 3.0-4.0% gap for 1-2 years and firm or higher prices.
• Results for April to June 2026: Revenue up 13.3% and profit up 51.4% on a year earlier.

Vardhman Textiles paid ₹5 a share in regular dividends in the 12 months to 5 November 2026 (1 payment), a yield of 0.94% at the ₹529.85 close on 4 November 2026. The last was a dividend of ₹5 a share, ex-date 28 August 2026.

Vardhman Textiles dividends since 1 April 2021

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date.

Yes. Vardhman Textiles Ltd paid out 19% of its profit as dividends in FY26, and it paid a dividend in 12 of its last 13 reported years.

From the NSE corporate-actions record, read 5 November 2026.

On the call for April to June 2026, held on 31 July 2026, Vardhman Textiles' management guided: Cotton balance: production could decline 2.0-3.0% annually while consumption grows 2.0-3.0% annually over the next 2-3 years, implying a 3.0-4.0% gap for 1-2 years and firm or higher prices.

“My belief is that 13.0-14.0% could be the right way of looking at it. This could translate into margins available per kilogram of yarn and provide a conversion of about 80, 85, or 90 cents”Neeraj Jain, on the call for April to June 2026

What management guided

• Indian yarn demand: sales visibility appears available for at least 3-4 months, with Chinese sourcing likely to continue.
• Spinning margins: July to September 2024 should benefit from April-May yarn price increases and old low-cost cotton, then moderate as inventory is consumed.
• Steady-state spinning view: 13.0-14.0% margins and 80-90 US cents per kilogram conversion could be the right range after market-priced cotton replaces old inventory.
• Cotton imports: duty-free access is available for the next 2-3 months, and imports will be evaluated around ₹65,000-66,000 per candy against a 6.0-7.0% MSP increase.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for April to June 2026, 31 July 2026.

When Vardhman Textiles reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: July to September 2024 spinning margins should reflect April-May yarn price gains and low-cost cotton; check whether margins then moderate as inventory resets without returning to the 10.0-11.0% distressed range.

Vardhman Textiles is on one of our India lists: Small & mid cap stocks.

Vardhman Textiles Ltd earned ₹315 Cr of net profit in the Jun 2026 quarter, +51.4% on the same quarter a year earlier. Full-year FY26 profit was ₹753 Cr. Over 10 years profit has grown 1.9% a year on average. That is 11.7% of the quarter's revenue. The same quarter a year earlier earned ₹208 Cr.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

For the full year, FY26 profit was ₹753 Cr (−15.1% on the year before).

Why profit moved: revenue changed +13.3% on a year earlier and the margin moved +4.0 percentage points. Most of the change came from keeping more of each sale.

On average over the last four quarters, profit changed +1.3% and revenue +3.4%. Profit and revenue are moving at about the same pace.

Vardhman Textiles Ltd reported ₹2,703 Cr of revenue in the Jun 2026 quarter, +13.3% on the same quarter a year earlier. Over 10 years it has grown 5.4% a year on average. The last full year, FY26, came in at ₹9,869 Cr. The last four reported quarters add to ₹10,186 Cr.

Revenue is everything the company billed its customers in the period.

FY26 revenue was ₹9,869 Cr, +0.9% on the year before.

Recent pace: the last four quarters grew +3.4% on average, against 5.4% a year over the longer run, so this year is growing slower than its own long-run rate.

Is growth speeding up? Revenue over the last 12 months grew +3.3%, against +3.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +0.6%, against +7.8% a year (rolling over).

Vardhman Textiles Ltd's operating margin was 18.0% in the Jun 2026 quarter, 4.0 percentage points higher than the same quarter a year ago. Across 13 years it has been between 10.0% and 24.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed +3.9 percentage points on the year while gross margin changed +2.4 points. So the gain came mostly from the gross margin, which means input costs and prices charged.

Over the last 3 years, 75% of Vardhman Textiles Ltd's reported profit came in as cash from its operations, so most of the profit is real cash. In FY26 it brought in ₹1,108 Cr of operating cash against ₹753 Cr of profit.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

After ₹1,743 Cr of spending on assets, free cash was −₹635 Cr: it spent more than its operations brought in.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 75% of profit came in as cash: the cash cycle got 83 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner.

What to look at next: the bigger use of cash is spending on new assets, at 2.3× depreciation over three years. The next section checks what that spending is building.

Vardhman Textiles Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 259 days in FY26, down from 342 days in FY21. It spent ₹2,963 Cr on assets over the last 3 years. Customers take 48 days to pay, and stock sits for 244 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹9,869 Cr, each day of that cycle ties up about ₹27.0 Cr, so roughly ₹7,003 Cr is tied up in the business at any time.

FY26: customers took 48 days to pay and stock sat for 244 days, about 8.0 months of sales sitting as stock, for a full cycle of 259 days, shorter than FY21's 342.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 244 days. Customers pay about 48 days after that. Suppliers are paid at 33 days. Together that makes the 259-day cycle.

Spending on assets: ₹2,963 Cr over the last 3 years, against ₹1,271 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹586 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Vardhman Textiles Ltd's P/E is 18.1×, near the high end of its own history: higher than 75% of past readings. Its usual P/E (the middle reading) is 11.9×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.