Vardhman Holdings Ltd
Vardhman Holdings Ltd (VHL) last reported results for the quarter ended Jun 2026, with sales of ₹11 crore and net profit of ₹98 crore. The stock last traded at ₹3,650, a market capitalisation of ₹1,164 crore, on a P/E of 4.63. Over the past 52 weeks the stock has ranged between ₹2,870 and ₹4,290. Figures are as of 9 Oct 2026 and are not real time.
Vardhman Holdings Ltd share price and key metrics
- Current price
- ₹3,650
- Market cap
- ₹1,164 cr
- Stock P/E
- 4.63
- Book value
- ₹11,799
- ROE
- 5.91%
- ROCE
- 6.28%
- Dividend yield
- 0.14%
- 52w high / low
- 4290/2870
Metrics as of 9 Oct 2026. Not real time.
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Vardhman Holdings Ltd growth and returns
- 10 Years
- 0%
- 5 Years
- -9%
- 3 Years
- 28%
- TTM
- 0%
- 10 Years
- 3%
- 5 Years
- 11%
- 3 Years
- -2%
- TTM
- 2%
- 10 Years
- 6%
- 5 Years
- 3%
- 3 Years
- 8%
- 1 Year
- -7%
- 10 Years
- 9%
- 5 Years
- 8%
- 3 Years
- 6%
- Last Year
- 6%
Vardhman Holdings Ltd quarterly results
In the quarter ended Jun 2026, sales were ₹11 cr, up 266.7% from ₹3 cr a year earlier. Net profit was ₹98 cr, up 55.6% year on year.
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 7 | 7 | 2 | 3 | 3 | 6 | 0 | 11 |
| Expenses | 3 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| Operating profit | 5 | 5 | 1 | 3 | 2 | 5 | -1 | 10 |
| OPM % | 66% | 79% | 55% | 91% | 87% | 91% | -158% | 93% |
| Other income | 57 | 61 | 69 | 60 | 55 | 50 | 54 | 90 |
| Interest | -0 | -0 | -0 | -0 | -0 | -0 | 0 | -0 |
| Depreciation | -0 | 0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Profit before tax | 62 | 66 | 70 | 63 | 57 | 55 | 53 | 100 |
| Tax % | 20% | 1% | 1% | 1% | 20% | 2% | -0% | 2% |
| Net profit | 49 | 66 | 70 | 63 | 46 | 54 | 54 | 98 |
| EPS (₹) | 154.72 | 206.05 | 218.49 | 196.08 | 144.51 | 168.29 | 168.01 | 307.32 |
Consolidated figures as reported by the company. Percentages are as published; totals may not sum exactly.
Vardhman Holdings Ltd annual results
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 70 | 28 | 9 | 12 | 20 | 33 | 6 | 15 | 23 | 12 | 20 |
| Operating profit | 68 | 25 | 6 | 7 | 18 | 30 | 2 | 11 | 17 | 10 | 17 |
| OPM % | 97% | 89% | 68% | 53% | 89% | 91% | 26% | 71% | 73% | 84% | 87% |
| Net profit | 303 | 179 | 202 | 160 | 130 | 429 | 228 | 185 | 258 | 216 | 252 |
| EPS (₹) | 950.05 | 559.83 | 632.40 | 500.42 | 405.80 | 1,344.45 | 715.74 | 579.29 | 808.40 | 676.83 | 788.13 |
TTM is the trailing twelve months to the most recent quarter.
Vardhman Holdings Ltd balance sheet
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves | 1,545 | 1,819 | 1,994 | 2,122 | 2,303 | 2,774 | 3,096 | 3,294 | 3,537 | 3,762 |
| Borrowings | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Other liabilities | 5 | 3 | 5 | 4 | 2 | 1 | 1 | 1 | 1 | 4 |
| Total liabilities | 1,553 | 1,825 | 2,003 | 2,130 | 2,307 | 2,778 | 3,101 | 3,298 | 3,541 | 3,769 |
| Fixed assets | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| CWIP | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Investments | 1,506 | 1,776 | 1,952 | 1,979 | 2,167 | 2,738 | 3,065 | 3,270 | 3,528 | 3,758 |
| Other assets | 46 | 46 | 48 | 147 | 137 | 36 | 32 | 25 | 10 | 8 |
| Total assets | 1,553 | 1,825 | 2,003 | 2,130 | 2,307 | 2,778 | 3,101 | 3,298 | 3,541 | 3,769 |
As reported by the company. Total assets equal total liabilities by construction.
Vardhman Holdings Ltd cash flow
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from operations | -34 | 2 | 6 | -95 | 82 | -5 | 1 | -3 | -6 | -6 |
| Cash from investing | 36 | 0 | -3 | 99 | -10 | -69 | 2 | 4 | 5 | 7 |
| Cash from financing | -1 | -2 | -2 | -2 | -0 | -2 | -2 | -2 | -2 | -2 |
| Net cash flow | 1 | 0 | 1 | 2 | 72 | -75 | 2 | -0 | -2 | -0 |
| Free cash flow | -34 | 0 | 6 | -95 | 82 | -5 | 1 | -3 | -6 | -6 |
| CFO / operating profit | 7% | 38% | 98% | -1,359% | 487% | 56% | 263% | 31% | 9% | 39% |
Negative figures are outflows. CFO / operating profit is a ratio, not an amount.
Vardhman Holdings Ltd operating ratios
| Per year | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| ROCE % | 22% | 11% | 11% | 8% | 6% | 18% | 8% | 6% | 8% | 6% |
| Debtor days | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Cash conversion cycle | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 | -0 |
| Working capital days | 194 | 41 | 19 | 2,908 | 372 | 98 | 569 | 236 | 92 | 179 |
Ratios as computed by the source from the reported statements. Rows a company does not report are omitted.
Vardhman Holdings Ltd shareholding pattern
Promoters held 74.90% at Jun 2026, broadly unchanged since Jun 2025. FIIs 0.05% and DIIs 0.07%.
| % held | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters | 74.90% | 74.90% | 74.90% | 74.90% | 74.90% | 74.90% | 74.90% | 74.90% |
| FIIs | 0.06% | 0.07% | 0.06% | 0.06% | 0.05% | 0.05% | 0.05% | 0.05% |
| DIIs | 0.13% | 0.06% | 0.06% | 0.06% | 0.06% | 0.07% | 0.07% | 0.07% |
| Public | 24.90% | 24.98% | 24.98% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% |
| No. of shareholders | 9,833 | 11,119 | 11,330 | 11,239 | 11,194 | 10,846 | 10,688 | 10,446 |
As disclosed by the company to the exchanges. The last row is a count of shareholders, not a percentage.
Vardhman Holdings Ltd corporate filings
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Company Updatelow impact
Cruxal's analysis: Please find enclosed herewith Certificate under Regulation 74(5) of the SEBI…
Read the full analysis - Vardhman Holdings Ltd releases Demat Report for September 2026, no financial or operational changes disclosedCompany Updatelow impact
Cruxal's analysis: The company has published its Demat Report for the month ended 30th September 2026. No…
Read the full analysis - Closure of Trading WindowInsider Trading / SASTlow impact
Cruxal's analysis: Please find enclosed herewith intimation regarding closure of Trading Window.
Read the full analysis - Vardhman Holdings Limited concludes 62nd AGM; shareholders approve dividend of INR 5 per shareAGM/EGMlow impact
Cruxal's analysis: Vardhman Holdings Limited has successfully concluded its 62nd Annual General Meeting held…
Read the full analysis - Vardhman Holdings Limited concludes 62nd Annual General Meeting with shareholder approval on all resolutionsAGM/EGMlow impact
Cruxal's analysis: Vardhman Holdings Limited has successfully concluded its 62nd Annual General Meeting held…
Read the full analysis - Vardhman Holdings Limited concludes 62nd Annual General Meeting; declares dividend of INR 5 per shareAGM/EGMlow impact
Cruxal's analysis: Vardhman Holdings Limited has successfully concluded its 62nd Annual General Meeting held…
Read the full analysis - Vardhman Holdings Ltd submits monthly demat report for August 2026Company Updatelow impact
Cruxal's analysis: Vardhman Holdings Ltd has filed its routine demat report for the month ended 31st August…
Read the full analysis - Vardhman Holdings Ltd dispatches letter to members regarding routine corporate communicationCompany Updatelow impact
Cruxal's analysis: Vardhman Holdings Ltd has formally announced the dispatch of a letter to its members…
Read the full analysis - Vardhman Holdings Ltd files routine newspaper publication noticeCompany Updatelow impact
Cruxal's analysis: Vardhman Holdings Ltd has submitted a copy of a newspaper publication as part of its…
Read the full analysis - Vardhman Holdings Ltd files Business Responsibility and Sustainability Report (BRSR) for FY 2025-26Otherslow impact
Cruxal's analysis: Vardhman Holdings Ltd has submitted its Business Responsibility and Sustainability Report…
Read the full analysis - Vardhman Holdings Ltd releases Annual Report for FY 2025-26Otherslow impact
Cruxal's analysis: Vardhman Holdings Ltd has filed its Annual Report for the financial year 2025-26. The…
Read the full analysis - Vardhman Holdings Limited Announces 62nd AGM and Dividend Declaration for FY 2025-26AGM/EGMmedium impact
Cruxal's analysis: Vardhman Holdings Limited has scheduled its 62nd Annual General Meeting for September 17…
Read the full analysis - Vardhman Holdings Ltd publishes routine newspaper notice for regulatory complianceCompany Updatelow impact
Cruxal's analysis: Vardhman Holdings Ltd has filed a copy of a newspaper publication as part of its routine…
Read the full analysis - Vardhman Holdings Limited announces Record Date of 28 August 2026 for FY2026 dividendCorp. Actionlow impact
Cruxal's analysis: Vardhman Holdings Limited has formally notified the exchanges that it has fixed Friday…
Read the full analysis - Vardhman Holdings Ltd publishes routine newspaper notice regarding corporate disclosureCompany Updatelow impact
Cruxal's analysis: Vardhman Holdings Ltd has filed a copy of a newspaper publication as part of its routine…
Read the full analysis - Vardhman Holdings Ltd publishes routine newspaper noticeCompany Updatelow impact
Cruxal's analysis: Vardhman Holdings Ltd has fulfilled a regulatory requirement under Regulation 30 of the…
Read the full analysis - Vardhman Holdings Limited reports strong Q1 FY2027 consolidated net profit of 98.08 crore, driven by significant associate profit contributionsResulthigh impact
Cruxal's analysis: Vardhman Holdings Limited announced its unaudited financial results for the quarter ended…
Read the full analysis - Vardhman Holdings Ltd files monthly demat report for July 2026Company Updatelow impact
Cruxal's analysis: Vardhman Holdings Ltd has submitted its routine demat report for the month ended 31st…
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