# Vardhman Textiles share price today (Vardhman Textiles Ltd, NSE: VTL)

> Vardhman Textiles share price today: ₹509.60 at the NSE close on 3 November 2026, up 16.9% in a year. Vardhman Textiles (NSE: VTL) is worth ₹14,762 crore, trades at a P/E of 17.4 and has closed between ₹403.45 and ₹666.25 over the past 52 weeks. > Vardhman Textiles Ltd's share price has risen faster than its earnings: +16.9% in a year, against −15.7% for earnings per share. VTL · Textiles - Spinning · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/vardhman-textiles-ltd

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## Key numbers

- Business trend: Mixed, from the last 12 quarters
- Price: ₹509.60 (+16.9% in a year)
- P/E: 17.4× (higher than 73% of the last 11 years)
- Revenue (Jun 2026): ₹2,703 Cr (+13.3% on a year ago)
- Profit (Jun 2026): ₹315 Cr (+51.4% on a year ago)
- Operating margin: 18.0% (+4.0 points on a year ago)
- ROCE: 9%, FY26
- ROIC: 6.2%, against a 12.0% cost of capital: −5.8 points

The main question: the share price moved +16.9% in a year while yearly earnings per share moved −15.7%. The difference came from the market paying a higher multiple. ## What is the Vardhman Textiles share price today? Vardhman Textiles Ltd's share price was ₹509.60 at the close on 3 November 2026. It has been falling for 1 week. That is 7.9% 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 40% of the way up from that low. 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 +240% 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. ## What changed at Vardhman Textiles this quarter? 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. ## What are Vardhman Textiles' latest quarterly results? 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

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹2,703 crore | ₹2,386 crore | +13.3% |
| Profit | ₹315 crore | ₹208 crore | +51.4% |
| Earnings per share | ₹10.70 | ₹7.16 | +49.4% |
| Operating margin | 18.0% | 14.0% | +4.0 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). 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.)

## What is the Vardhman Textiles share price history? Vardhman Textiles closed at ₹509.60 on 3 November 2026, up 16.9% from ₹436.05 a year earlier (31 October 2025) and up 20.8% over five years. Its highest weekly close since February 2016 was ₹666.25 on 3 July 2026. ### Vardhman Textiles share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹501.45 | +1.6% |
| 1 month ago · 1 Oct 2026 | ₹529.25 | −3.7% |
| 6 months ago · 30 Apr 2026 | ₹612.00 | −16.7% |
| 1 year ago · 31 Oct 2025 | ₹436.05 | +16.9% |
| 3 years ago · 3 Nov 2023 | ₹356.45 | +43.0% |
| 5 years ago · 4 Nov 2021 | ₹421.96 | +20.8% |
| 10 years ago · 4 Nov 2016 | ₹219.09 | +132.6% |
| Earliest weekly close in our records · 26 Feb 2016 | ₹150.05 | +239.6% |
| Highest weekly close since February 2016, also the 52-week high · 3 Jul 2026 | ₹666.25 | −23.5% |
| Lowest weekly close since February 2016 · 24 Apr 2020 | ₹123.04 | +314.2% |
| 52-week low (weekly close) · 23 Jan 2026 | ₹403.45 | +26.3% |

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 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (565 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on Vardhman Textiles? 3 Nov 2026: Vardhman Textiles closed at ₹509.60, up 1.6% on the week and down 3.7% 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. ## What dividend does Vardhman Textiles pay? Vardhman Textiles paid ₹5 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.98% at the ₹509.60 close on 3 November 2026. The last was a dividend of ₹5 a share, ex-date 28 August 2026. ### Vardhman Textiles dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 28 Aug 2026 | ₹5 | Dividend | same day |
| 12 Sep 2025 | ₹5 | Dividend | same day |
| 6 Sep 2024 | ₹4 | Dividend | n/a |
| 15 Sep 2023 | ₹3.50 | Dividend | n/a |
| 2 Nov 2021 | ₹34 | Interim | 5 Nov 2021 |
| 16 Sep 2021 | ₹17.50 | Dividend | n/a |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 4 of 5 Of the last 5 financial years, years with an NSE dividend record

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 4 November 2026.)

## What did Vardhman Textiles management say on the latest results call? 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](https://files.tijoristack.ai/concall/transcript/514-31-Jul-2026.pdf). (From the call for April to June 2026, 31 July 2026.)

## What to watch in Vardhman Textiles' next results? 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. - What to check (from the call)
- 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. - Cotton crop quality and supply should become clearer after the next 2-4 weeks; track Indian cotton prices and whether duty-free imports are secured near ₹65,000-66,000 per candy. - Cotton fabric US orders and utilization should improve after missed sampling; verify whether the new line and the 20.0-30.0% delayed price pass-through begin supporting margins. - Synthetic fabric should move from 15.0-20.0% utilization toward 70.0-80.0% within 6 months following August production starts for two approved brands. ## Which stock lists is Vardhman Textiles on? Vardhman Textiles is on one of our India lists: Small & mid cap stocks. [Small & mid cap stocks Size rank in India: 458](https://www.sectoralpha.in/small-cap-stocks-india)

## Is Vardhman Textiles profitable? 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. 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. ## How much revenue does Vardhman Textiles make, and is it growing? 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. 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). ## How much of every ₹100 of sales does Vardhman Textiles keep? 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. 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. ## Is Vardhman Textiles' profit turning into cash? 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. 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. ## Where does Vardhman Textiles' cash go? 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. 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. ## What is Vardhman Textiles' P/E ratio, and how does it compare with its own history? Vardhman Textiles Ltd's P/E is 17.4×, near the high end of its own history: higher than 73% 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. Why the multiple is where it is: over the past year earnings per share moved −15.7% while the price moved +16.9%. The price did better than earnings, which pushed the multiple up within its own range. Where the price move came from: over 5 years the price moved +3.8% a year; about −7.1% a year came from earnings growth and about +10.9 percentage points from the multiple (the market paying more); over 10 years the price moved +8.8% a year; about −0.3% a year came from earnings growth and about +9.1 percentage points from the multiple (the market paying more). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is high against its own past, so the earnings trend underneath matters more than the multiple. ## Is the Vardhman Textiles business getting better or worse? Vardhman Textiles Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 10.2%; each line tells part of the story. This is based on 12 quarters of 4 measures. Why it matters: when the lines disagree, each line above matters more than any single label. ## How much does Vardhman Textiles earn on its capital? Vardhman Textiles Ltd earned a ROCE of 9% in FY26. That is up from a low of 8% in FY21. Its return on capital used (ROIC) is 5.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 7.6% net margin and 0.71× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 7.6% net margin × 0.71× asset turnover × 1.32× leverage (assets divided by equity) ≈ 7.1% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed. The key test, return on capital used minus the cost of capital: 6.2% − 12.0% = −5.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does Vardhman Textiles have too much debt? Vardhman Textiles Ltd has total debt of ₹1,855 Cr against shareholder equity of ₹10,588 Cr as of Jun 2026, so its debt is 0.18× its equity, which is very little. Year by year, that ratio went from 0.25 in FY22 to 0.18 in FY26. So the returns on this page come from the business, not from borrowed money. ## What is the Vardhman Textiles shareholding pattern? Domestic institutions cut their stake in Vardhman Textiles Ltd by 2.4 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 14.2% of the company. Promoters moved +0.9 points over the same period, to 65.1%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −2.4 points over 8 quarters, to 14.2%; Promoters: +0.9 points over 8 quarters, to 65.1%; Foreign institutions: +0.4 points over 8 quarters, to 6.4%. Why the owners changed: domestic institutions drove it (−2.4 points), with the other side taken by promoters (+0.9 points). They reduced their stake. ## How far is Vardhman Textiles from balance-sheet trouble? For Vardhman Textiles Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does Vardhman Textiles rank in its industry? 30.0 out of 100, rank 12 of 13 in Textiles - Spinning, with 96% of the evidence available. Vardhman Textiles Ltd scores 30.0 out of 100 against the 13 companies it is compared with in Textiles - Spinning, ranking 12. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 12.4 + 10.7 + 5.6 + 1.3 = 30. 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 profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is Vardhman Textiles compared with? Vardhman Textiles ranks 12 of 13 Textiles - Spinning companies on the 4-Factor Sector Score, with 30.0 out of 100. 1. [Sportking India Ltd](https://www.sectoralpha.in/stocks/sportking-india-ltd) SPORTKING · losing its lead · Most evidence points up · 100% evidence 71.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 30.2/35 · Revenue 12.9% · Profit 100% · Operating margin change 10 points · 100% evidence Capital efficiency 17.9/25 · ROCE 13.2% · Operating margin 20% · 100% evidence Valuation 11.4/20 · P/E 10.4× · PEG 0.43 · 100% evidence Relative strength 11.7/20 · Lead over its industry 7.7% · Lead over NIFTY 500 30.2% · 1 year 89.3% · 100% evidence · 10 of 12 weeks ahead Exact sum: 30.2 + 17.9 + 11.4 + 11.7 = 71.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Nitin Spinners Ltd](https://www.sectoralpha.in/stocks/nitin-spinners-ltd) NITINSPIN · leader · Most evidence points up · 100% evidence 65.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.0/35 · Revenue 8.9% · Profit 58.7% · Operating margin change 5 points · 100% evidence Capital efficiency 13.4/25 · ROCE 12.2% · Operating margin 18% · 100% evidence Valuation 10.6/20 · P/E 13.8× · PEG 0.74 · 100% evidence Relative strength 18.5/20 · Lead over its industry 20.6% · Lead over NIFTY 500 47.2% · 1 year 96% · 100% evidence · 12 of 12 weeks ahead Exact sum: 23 + 13.4 + 10.6 + 18.5 = 65.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 3. [Sangam (India) Ltd](https://www.sectoralpha.in/stocks/sangam-indialtd) SANGAMIND · turning · Evidence leans up · 89% evidence 62.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 27.1/35 · Revenue 11.9% · Profit 100% · Operating margin change 5 points · 88% evidence Capital efficiency 12.4/25 · ROCE 10.4% · Operating margin 12% · 100% evidence Valuation 12.8/20 · P/E 24.2× · PEG 0.52 · 65% evidence Relative strength 10.3/20 · Lead over its industry -0.4% · Lead over NIFTY 500 23.9% · 1 year 35.1% · 100% evidence · 10 of 12 weeks ahead Exact sum: 27.1 + 12.4 + 12.8 + 10.3 = 62.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 4. [Swaraj Suiting Ltd](https://www.sectoralpha.in/stocks/swaraj-suiting-ltd) SWARAJ · turning · Evidence leans up · 78% evidence 58.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 17.4/35 · Revenue 38.1% · Profit 45.2% · Operating margin change -13 points · 83% evidence Capital efficiency 18.4/25 · ROCE 17.5% · Operating margin 19% · 76% evidence Valuation 11.7/20 · P/E 15.4× · PEG n/a · 50% evidence Relative strength 11.1/20 · Lead over its industry 2% · Lead over NIFTY 500 26.9% · 1 year 82% · 100% evidence · 10 of 12 weeks ahead Exact sum: 17.4 + 18.4 + 11.7 + 11.1 = 58.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 5. [Indo Rama Synthetics (India) Ltd](https://www.sectoralpha.in/stocks/indo-rama-synthetics-indialtd) INDORAMA · leader · Evidence leans up · 85% evidence 57.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 14.9/35 · Revenue -4.7% · Profit 47.5% · Operating margin change 2 points · 100% evidence Capital efficiency 15.7/25 · ROCE 17.9% · Operating margin 8% · 100% evidence Valuation 15.2/20 · P/E 8.9× · PEG 0.12 · 100% evidence Relative strength 11.9/20 · Lead over its industry n/a · Lead over NIFTY 500 46.7% · 1 year 6.3% · 25% evidence · 12 of 12 weeks ahead Exact sum: 14.9 + 15.7 + 15.2 + 11.9 = 57.7 · What this means: The valuation scores well, but earnings are not improving yet, so the business does not back up the low multiple so far. 6. [Rajapalayam Mills Ltd](https://www.sectoralpha.in/stocks/rajapalayam-mills-ltd) RAJPALAYAM · quiet · Evidence leans up · 74% evidence 55.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.5/35 · Revenue 16.7% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 8.7/25 · ROCE 1.8% · Operating margin 14% · 100% evidence Valuation 16.0/20 · P/E 5.2× · PEG 0.2 · 65% evidence Relative strength 7.5/20 · Lead over its industry n/a · Lead over NIFTY 500 -8% · 1 year -18.8% · 25% evidence · 0 of 12 weeks ahead Exact sum: 23.5 + 8.7 + 16 + 7.5 = 55.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [K P R Mill Ltd](https://www.sectoralpha.in/stocks/k-p-r-mill-ltd) KPRMILL · turning · Evidence leans up · 100% evidence 54.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.6/35 · Revenue 6.5% · Profit 24.1% · Operating margin change 7 points · 100% evidence Capital efficiency 21.4/25 · ROCE 19.6% · Operating margin 26% · 100% evidence Valuation 2.2/20 · P/E 36.7× · PEG 3.89 · 100% evidence Relative strength 10.4/20 · Lead over its industry -7.1% · Lead over NIFTY 500 16.3% · 1 year 4.3% · 100% evidence · 7 of 12 weeks ahead Exact sum: 20.6 + 21.4 + 2.2 + 10.4 = 54.6 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Ambika Cotton Mills Ltd](https://www.sectoralpha.in/stocks/ambika-cotton-mills-ltd) AMBIKCO · quiet · Evidence leans up · 96% evidence 53.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 21.6/35 · Revenue 23.8% · Profit 36.7% · Operating margin change 1 points · 88% evidence Capital efficiency 14.2/25 · ROCE 11.6% · Operating margin 15% · 100% evidence Valuation 12.9/20 · P/E 10.1× · PEG 1.56 · 100% evidence Relative strength 4.6/20 · Lead over its industry -17.8% · Lead over NIFTY 500 2.5% · 1 year 6.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 21.6 + 14.2 + 12.9 + 4.6 = 53.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 9. [Pashupati Cotspin Ltd](https://www.sectoralpha.in/stocks/pashupati-cotspin-ltd) PASHUPATI · turning · Evidence leans down · 96% evidence 49.8 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 9.6/35 · Revenue -7.5% · Profit 2.4% · Operating margin change 5.6 points · 88% evidence Capital efficiency 10.6/25 · ROCE 10% · Operating margin 9.5% · 100% evidence Valuation 9.6/20 · P/E 136× · PEG 1.51 · 100% evidence Relative strength 20.0/20 · Lead over its industry 26.7% · Lead over NIFTY 500 59.9% · 1 year 66.9% · 100% evidence · 2 of 12 weeks ahead Exact sum: 9.6 + 10.6 + 9.6 + 20 = 49.8 · What this means: Relative strength against the index is 59.9%, and revenue and profit growth are weak. 10. [RSWM Ltd](https://www.sectoralpha.in/stocks/rswm-ltd) RSWM · losing its lead · Evidence leans down · 79% evidence 39.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 19.6/35 · Revenue -5.1% · Profit 100% · Operating margin change 2 points · 88% evidence Capital efficiency 5.0/25 · ROCE 5.6% · Operating margin 8% · 100% evidence Valuation 10.4/20 · P/E 11.7× · PEG n/a · 15% evidence Relative strength 4.6/20 · Lead over its industry -12.6% · Lead over NIFTY 500 8.3% · 1 year 16.5% · 100% evidence · 8 of 12 weeks ahead Exact sum: 19.6 + 5 + 10.4 + 4.6 = 39.6 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Sanathan Textiles Ltd](https://www.sectoralpha.in/stocks/sanathan-textiles-ltd) SANATHAN · leader · Evidence leans down · 64% evidence 37.0 out of 100 Growth Capital Valuation Relative
12. Vardhman Textiles Ltd this page VTL · quiet · Most evidence points down · 96% evidence 30.0 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 12.4/35 · Revenue 3.3% · Profit 0.6% · Operating margin change 4 points · 88% evidence Capital efficiency 10.7/25 · ROCE 8.6% · Operating margin 18% · 100% evidence Valuation 5.6/20 · P/E 16.6× · PEG 2.65 · 100% evidence Relative strength 1.3/20 · Lead over its industry -24.5% · Lead over NIFTY 500 -5.7% · 1 year 11.5% · 100% evidence · 0 of 12 weeks ahead Exact sum: 12.4 + 10.7 + 5.6 + 1.3 = 30 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 13. [Jaybharat Textiles & Real Estate Ltd](https://www.sectoralpha.in/stocks/jaybharat-textiles-real-estate-ltd) Too little evidence to rank firmly · 19% evidence 41.6 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. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. 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: [Textiles - Spinning](https://www.sectoralpha.in/sectors/textiles-spinning), all 13 compared on one page. ## Which companies are close to Vardhman Textiles in size? Vardhman Textiles is the 2nd largest of 13 Textiles - Spinning companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: K P R Mill. Just below it: Sanathan Textiles, Nitin Spinners, Sangam (India), Sportking India and Pashupati Cotspin. ### Textiles - Spinning companies close in size

1. [K P R Mill Ltd](https://www.sectoralpha.in/stocks/k-p-r-mill-ltd) ₹38,099 crore
2. Vardhman Textiles Ltd ₹14,078 crore
3. [Sanathan Textiles Ltd](https://www.sectoralpha.in/stocks/sanathan-textiles-ltd) ₹4,189 crore
4. [Nitin Spinners Ltd](https://www.sectoralpha.in/stocks/nitin-spinners-ltd) ₹3,661 crore
5. [Sangam (India) Ltd](https://www.sectoralpha.in/stocks/sangam-indialtd) ₹3,059 crore
6. [Sportking India Ltd](https://www.sectoralpha.in/stocks/sportking-india-ltd) ₹2,383 crore
7. [Pashupati Cotspin Ltd](https://www.sectoralpha.in/stocks/pashupati-cotspin-ltd) ₹2,125 crore

[All 13 Textiles - Spinning companies, largest first](https://www.sectoralpha.in/sectors/textiles-spinning#all-companies)

### Companies close in size in other industries

1. [Indegene Ltd](https://www.sectoralpha.in/stocks/indegene-ltd) ₹14,141 crore · Services - Others
2. [Century Plyboards (India) Ltd](https://www.sectoralpha.in/stocks/century-plyboards-indialtd) ₹14,117 crore · Plywood Boards/Laminates
3. Vardhman Textiles Ltd ₹14,078 crore
4. [Juniper Green Energy Ltd](https://www.sectoralpha.in/stocks/juniper-green-energy-ltd) ₹14,054 crore
5. [National Securities Depository Ltd](https://www.sectoralpha.in/stocks/national-securities-depository-ltd) ₹14,022 crore · Finance - Capital Markets

## What else do people ask about Vardhman Textiles? ### What is Vardhman Textiles's share price today? Vardhman Textiles Ltd's share price is ₹509.60, +16.9% over the past year. The whole company is worth ₹14,762 Cr on the market. In the last 52 weeks it traded between ₹403 to ₹666; today it is 40% of the way up from the low, 7.9% below its 200-day average (as of 3 November 2026). ### What were Vardhman Textiles's latest quarterly results? Vardhman Textiles Ltd reported revenue of ₹2,703 Cr and net profit of ₹315 Cr for the Jun 2026 quarter. Revenue rose 13.3% and profit rose 51.4% compared with a year earlier. Earnings per share were ₹10.70. The operating margin was 18.0%, 4.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is Vardhman Textiles's market cap? Vardhman Textiles Ltd's market capitalisation is ₹14,762 Cr at a share price of ₹509.60. 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 Textiles performing? Vardhman Textiles Ltd's share price has been falling for 1 weeks. In its latest quarter, revenue rose 13.3% and profit rose 51.4% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 16 weeks running (as of 3 November 2026). ### Will Vardhman Textiles's share price go up? This page does not forecast Vardhman Textiles Ltd's share price. What it shows instead: the share price is ₹509.60, and it has been falling for 1 weeks. Its P/E of 17.4× is higher than 73% of its own last 11 years (as of 3 November 2026). ### Who owns Vardhman Textiles? Promoters own 65.1% of Vardhman Textiles Ltd, foreign institutions 6.4%, domestic institutions 14.2% and the public 14.3% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 2.4 percentage points over 8 quarters (as of 3 November 2026). ### Does Vardhman Textiles have too much debt? No, Vardhman Textiles Ltd has little debt: its debt is 0.18× its equity, and its operating profit is 14 times its interest bill. FY26 borrowings were ₹1,855 Cr against equity of ₹10,514 Cr. So the returns on this page come from the business, not borrowed money (as of 3 November 2026). ### Where is Vardhman Textiles in its business cycle? Vardhman Textiles Ltd's FY26 operating margin was 13.0%, against a 13-year range of 10.0% to 24.0%: the low end of its own range, which is often where recoveries start. The latest quarter was 18.0%. 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 Textiles story? The main question: the share price moved +16.9% in a year while yearly earnings per share moved −15.7%. The difference came from the market paying a higher multiple. 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 Textiles a stock worth studying right now? What the numbers show: Vardhman Textiles Ltd's share price has risen faster than its earnings: +16.9% in a year, against −15.7% for earnings per share. The main open question: whether earnings grow into a price that has already moved. 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). ### Is there a Vardhman Textiles share price forecast for 2026? What management itself 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. ## Lists

- Small & mid cap stocks: https://www.sectoralpha.in/small-cap-stocks-india

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