VTL
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Recent events
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Corporate Actions
Cotton duty waiver cushions losses for Indian textile stocks
** Shares of Indian textile firms mixed after country extends import duty exemption on cotton to Dec 31
** Duty exemption lets companies import cheaper cotton, easing pressure amid a slowdown in U.S. demand - Cotton Association of India
** Vardhman Textiles VART.NS gains nearly 10% , while Gokaldas Exports GOKL.NS shares trade flat
** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 3.3%, 2.6% and 1.3%, respectively
** Stocks had fallen 1–5% on Tuesday ahead of U.S. tariff roll out
** Indian exports now face U.S. tariffs of up to 50% —among the highest imposed by Washington - disrupting trade with its largest export market
(Reporting by Urvi Dugar)
** Shares of Indian textile firms mixed after country extends import duty exemption on cotton to Dec 31
** Duty exemption lets companies import cheaper cotton, easing pressure amid a slowdown in U.S. demand - Cotton Association of India
** Vardhman Textiles VART.NS gains nearly 10% , while Gokaldas Exports GOKL.NS shares trade flat
** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 3.3%, 2.6% and 1.3%, respectively
** Stocks had fallen 1–5% on Tuesday ahead of U.S. tariff roll out
** Indian exports now face U.S. tariffs of up to 50% —among the highest imposed by Washington - disrupting trade with its largest export market
(Reporting by Urvi Dugar)
Indian textile stocks slide ahead of additional US tariff on goods
** Indian textile stocks fall after U.S. confirms 25% additional tariff on Indian-origin goods starting Wednesday
** Indian exports will now face U.S. duties of up to 50% - among the highest imposed by Washington
** The new duties will apply to goods entering the U.S. for consumption or withdrawn from warehouse for consumption from 12:01 a.m. EDT on Wednesday or 9:31 p.m. IST
** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 5%, 2.5% and 2%, respectively
** Vardhman Textiles VART.NS and Gokaldas Exports GOKL.NS fall about 1%
** Last week, India suspended an 11% import duty on cotton until September 30
** U.S. is the biggest market for India's garment exporters; tariffs are leading to order cancellations and making them uncompetitive against Bangladesh and Vietnam, which have U.S. duties of 20%
** YTD, RAYL down 45%, GOKL down 38%
(Reporting by Urvi Dugar)
** Indian textile stocks fall after U.S. confirms 25% additional tariff on Indian-origin goods starting Wednesday
** Indian exports will now face U.S. duties of up to 50% - among the highest imposed by Washington
** The new duties will apply to goods entering the U.S. for consumption or withdrawn from warehouse for consumption from 12:01 a.m. EDT on Wednesday or 9:31 p.m. IST
** Kitex Garments KITE.NS, Raymond Lifestyle RAYL.NS and Welspun Living WLSP.NS down 5%, 2.5% and 2%, respectively
** Vardhman Textiles VART.NS and Gokaldas Exports GOKL.NS fall about 1%
** Last week, India suspended an 11% import duty on cotton until September 30
** U.S. is the biggest market for India's garment exporters; tariffs are leading to order cancellations and making them uncompetitive against Bangladesh and Vietnam, which have U.S. duties of 20%
** YTD, RAYL down 45%, GOKL down 38%
(Reporting by Urvi Dugar)
India's textile stocks jump as government removes import duty on cotton
** Indian textile firms rise after country removes import duty on cotton from August 19 to September 30
** Vardhman Textiles VART.NS, among India's biggest yarn producers, up 8% to 442.2 rupees
** Kitex Garments KITE.NS, Welspun Living WLSP.NS and Raymond Lifestyle RAYL.NS up 5%, 4% and 3.4%, respectively
** Gokaldas Exports rises 2.4%
** India's garment industry is reeling from a steep 50% tariff on U.S. shipments, compared to a 20% rate for Bangladesh and Vietnam and 30% for China
** Industry groups have said exemptions on cotton imports, which were subject to an 11% duty, will make the sector more competitive
** Industry officials expect government to extend duty-free cotton imports beyond September
(Reporting by Ananta Agarwal in Bengaluru)
** Indian textile firms rise after country removes import duty on cotton from August 19 to September 30
** Vardhman Textiles VART.NS, among India's biggest yarn producers, up 8% to 442.2 rupees
** Kitex Garments KITE.NS, Welspun Living WLSP.NS and Raymond Lifestyle RAYL.NS up 5%, 4% and 3.4%, respectively
** Gokaldas Exports rises 2.4%
** India's garment industry is reeling from a steep 50% tariff on U.S. shipments, compared to a 20% rate for Bangladesh and Vietnam and 30% for China
** Industry groups have said exemptions on cotton imports, which were subject to an 11% duty, will make the sector more competitive
** Industry officials expect government to extend duty-free cotton imports beyond September
(Reporting by Ananta Agarwal in Bengaluru)
India's textile stocks drop after Trump doubles tariff on Indian imports
** Indian textile stocks down between 1% and 3%
** Trump executive order imposes additional 25% tariff on goods from India for Russian oil trade
** KPR Mill KPRM.NS leads decline with 2.6% drop, Gokaldas Exports' GOKL.NS down 2.2%
** Welspun Living WLSP.NS, Vardhman Textiles VART.NS Indo Count ICNT.NS down ~2%; Trident TRIE.NS drops 1%
** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S.
** They fell 3%-7% on July 31 when Trump announced 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow
(Reporting by Kashish Tandon in Bengaluru)
** Indian textile stocks down between 1% and 3%
** Trump executive order imposes additional 25% tariff on goods from India for Russian oil trade
** KPR Mill KPRM.NS leads decline with 2.6% drop, Gokaldas Exports' GOKL.NS down 2.2%
** Welspun Living WLSP.NS, Vardhman Textiles VART.NS Indo Count ICNT.NS down ~2%; Trident TRIE.NS drops 1%
** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S.
** They fell 3%-7% on July 31 when Trump announced 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow
(Reporting by Kashish Tandon in Bengaluru)
Indian textile stocks drop as Trump's 25% tariff threat dents 'safe haven' image
** Indian textile stocks down between 3% to 7%
** Gokaldas Exports GOKL.NS leads pack with 7% decline, Welspun Living WLSP.NS drops ~5%
** Vardhman Textiles VART.NS and Indo Count Industries ICNT.NS lose 3.2% and 3.8% respectively
** KPR Mill KPRM.NS and Trident TRIE.NS shed 2.5% each
** Drop after U.S. President Donald Trump slapped 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow
** Broader markets .NSEI, .BSESN down 0.7% .BO
** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S. - brokerage Jefferies
** Trump tariffs a "hit to the safe haven perception" of India vs other peer countries - CLSA
** Apparels, having high existing tariffs, still have more to lose - Bernstein
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
** Indian textile stocks down between 3% to 7%
** Gokaldas Exports GOKL.NS leads pack with 7% decline, Welspun Living WLSP.NS drops ~5%
** Vardhman Textiles VART.NS and Indo Count Industries ICNT.NS lose 3.2% and 3.8% respectively
** KPR Mill KPRM.NS and Trident TRIE.NS shed 2.5% each
** Drop after U.S. President Donald Trump slapped 25% tariffs on Indian products, along with undisclosed penalty for New Delhi's trade with Moscow
** Broader markets .NSEI, .BSESN down 0.7% .BO
** WLSP, GOKL, ICNT, TRIE derive 40%-70% of their revenues from the U.S. - brokerage Jefferies
** Trump tariffs a "hit to the safe haven perception" of India vs other peer countries - CLSA
** Apparels, having high existing tariffs, still have more to lose - Bernstein
(Reporting by Hritam Mukherjee in Bengaluru)
(([email protected];))
Vardhman Textiles Invests 166.7 Million Rupees In Renew Green (MPR One)
June 24 (Reuters) - Vardhman Textiles Ltd VART.NS:
VARDHMAN TEXTILES LTD - INVESTS 166.7 MILLION RUPEES IN RENEW GREEN (MPR ONE)
Source text: ID:nNSEXjt7z
Further company coverage: VART.NS
(([email protected];))
June 24 (Reuters) - Vardhman Textiles Ltd VART.NS:
VARDHMAN TEXTILES LTD - INVESTS 166.7 MILLION RUPEES IN RENEW GREEN (MPR ONE)
Source text: ID:nNSEXjt7z
Further company coverage: VART.NS
(([email protected];))
India's textile stocks rise on higher US tariffs on Asian peers
** Textile stocks gain between 4% and 9%; Vardhman Textiles VART.NS, with presence in more than 75 countries, top gainer, soaring 8.9%
** Arvind ARVN.NS rises 4.3%, KPR Mill KPRM.NS advances 6.5%, Nitin Spinners NISP.NS jumps 4.45% and Gokaldas Exports gains 8.16%
** Donald Trump's 26% reciprocal tariffs on India lower than those on competitors like Bangladesh (37%), Vietnam (46%) and Cambodia (49%)
** Ajay Sahai, Director General at Federation of Indian Export Organizations, says, "We will be looking for some diversion of business from other countries to India"
** "For India, the advantage is a potential bilateral trade agreement with the U.S."
** Tiruppur Exporters' Association, seeking certain quantity of duty-free cotton exports to the U.S., says it is in talks with ministries
(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai)
** Textile stocks gain between 4% and 9%; Vardhman Textiles VART.NS, with presence in more than 75 countries, top gainer, soaring 8.9%
** Arvind ARVN.NS rises 4.3%, KPR Mill KPRM.NS advances 6.5%, Nitin Spinners NISP.NS jumps 4.45% and Gokaldas Exports gains 8.16%
** Donald Trump's 26% reciprocal tariffs on India lower than those on competitors like Bangladesh (37%), Vietnam (46%) and Cambodia (49%)
** Ajay Sahai, Director General at Federation of Indian Export Organizations, says, "We will be looking for some diversion of business from other countries to India"
** "For India, the advantage is a potential bilateral trade agreement with the U.S."
** Tiruppur Exporters' Association, seeking certain quantity of duty-free cotton exports to the U.S., says it is in talks with ministries
(Reporting by Ananta Agarwal in Bengaluru and Praveen Paramasivam in Chennai)
Vardhman Textiles Dec-Qtr Consol Net Profit 2.11 Bln Rupees
Jan 22 (Reuters) - Vardhman Textiles Ltd VART.NS:
VARDHMAN TEXTILES DEC-QUARTER CONSOL NET PROFIT 2.11 BILLION RUPEES
VARDHMAN TEXTILES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 24.65 BILLION RUPEES
Further company coverage: VART.NS
(([email protected];;))
Jan 22 (Reuters) - Vardhman Textiles Ltd VART.NS:
VARDHMAN TEXTILES DEC-QUARTER CONSOL NET PROFIT 2.11 BILLION RUPEES
VARDHMAN TEXTILES DEC-QUARTER CONSOL REVENUE FROM OPERATIONS 24.65 BILLION RUPEES
Further company coverage: VART.NS
(([email protected];;))
Vardhman Textiles To Increase Fabric Capacity At Vardhman Fabrics
Nov 28 (Reuters) - Vardhman Textiles Ltd VART.NS:
TO INCREASE FABRIC CAPACITY AT VARDHMAN FABRICS BY 31 MILLION METERS P.A.
TOTAL CAPITAL OUTLAY OF 3.5 BILLION RUPEES FOR CAPACITY INCREASE
Source text: ID:nBSE6PKLqN
Further company coverage: VART.NS
(([email protected];;))
Nov 28 (Reuters) - Vardhman Textiles Ltd VART.NS:
TO INCREASE FABRIC CAPACITY AT VARDHMAN FABRICS BY 31 MILLION METERS P.A.
TOTAL CAPITAL OUTLAY OF 3.5 BILLION RUPEES FOR CAPACITY INCREASE
Source text: ID:nBSE6PKLqN
Further company coverage: VART.NS
(([email protected];;))
India's Vardhman Textiles rises after Q2 profit jump
** Shares of Vardhman Textiles VART.NS rise 5.3% to 460.40 rupees
** The textile manufacturer's Q2 consol net profit rose 46.6% Y/Y, revenue up 4.4% Y/Y
** Trading vols at 1.6 mln, 9.2X 30-day average
** VART up ~19% YTD
(Reporting by Vijay Malkar)
(([email protected];))
** Shares of Vardhman Textiles VART.NS rise 5.3% to 460.40 rupees
** The textile manufacturer's Q2 consol net profit rose 46.6% Y/Y, revenue up 4.4% Y/Y
** Trading vols at 1.6 mln, 9.2X 30-day average
** VART up ~19% YTD
(Reporting by Vijay Malkar)
(([email protected];))
Vardhman Textiles Says Ludhiana Unit Directed Not To Operate Its Outlet For Effluent Discharge
Sept 26 (Reuters) - Vardhman Textiles Ltd VART.NS:
LUDHIANA UNIT DIRECTED NOT TO OPERATE ITS OUTLET FOR EFFLUENT DISCHARGE
Source text for Eikon: ID:nNSE9t6tDy
Further company coverage: VART.NS
(([email protected];;))
Sept 26 (Reuters) - Vardhman Textiles Ltd VART.NS:
LUDHIANA UNIT DIRECTED NOT TO OPERATE ITS OUTLET FOR EFFLUENT DISCHARGE
Source text for Eikon: ID:nNSE9t6tDy
Further company coverage: VART.NS
(([email protected];;))
Manomay Tex India Says Not Entered Into Any JV With Vardhman Textiles
Aug 23 (Reuters) - Manomay Tex India Ltd MANO.NS:
NOT ENTERED INTO ANY JOINT VENTURE WITH VARDHMAN TEXTILES
NOT AWARDED ANY CONTRACT BY TRIPURA GOVERNMENT
Source text for Eikon: ID:nBSE1ZlvMw
Further company coverage: MANO.NS
(([email protected];))
Aug 23 (Reuters) - Manomay Tex India Ltd MANO.NS:
NOT ENTERED INTO ANY JOINT VENTURE WITH VARDHMAN TEXTILES
NOT AWARDED ANY CONTRACT BY TRIPURA GOVERNMENT
Source text for Eikon: ID:nBSE1ZlvMw
Further company coverage: MANO.NS
(([email protected];))
India's Vardhman Textiles Sept-Quarter Consol Net Profit Falls
Oct 31 (Reuters) - Vardhman Textiles Ltd VART.NS:
SEPT-QUARTER CONSOL NET PROFIT 1.34 BILLION RUPEES VERSUS 2.05 BILLION RUPEES YEAR AGO
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 23.97 BILLION RUPEES VERSUS 24.7 BILLION RUPEES YEAR AGO
Further company coverage: VART.NS
(([email protected];))
Oct 31 (Reuters) - Vardhman Textiles Ltd VART.NS:
SEPT-QUARTER CONSOL NET PROFIT 1.34 BILLION RUPEES VERSUS 2.05 BILLION RUPEES YEAR AGO
SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 23.97 BILLION RUPEES VERSUS 24.7 BILLION RUPEES YEAR AGO
Further company coverage: VART.NS
(([email protected];))
India’S Vardhman Textiles Mar-Quarter Consol Net Profit Falls
May 5 (Reuters) - Vardhman Textiles Ltd VART.NS:
MAR-QUARTER CONSOL NET PROFIT 1.59 BILLION RUPEES VERSUS 3.22 BILLION RUPEES
MAR-QUARTER CONSOL REVENUE FROM OPERATIONS 24.86 BILLION RUPEES VERSUS 27.07 BILLION RUPEES
DIVIDEND 3.5 RUPEES PER SHARE
Source text for Eikon: ID:nBSEbH37fM
Further company coverage: VART.NS
(([email protected];))
May 5 (Reuters) - Vardhman Textiles Ltd VART.NS:
MAR-QUARTER CONSOL NET PROFIT 1.59 BILLION RUPEES VERSUS 3.22 BILLION RUPEES
MAR-QUARTER CONSOL REVENUE FROM OPERATIONS 24.86 BILLION RUPEES VERSUS 27.07 BILLION RUPEES
DIVIDEND 3.5 RUPEES PER SHARE
Source text for Eikon: ID:nBSEbH37fM
Further company coverage: VART.NS
(([email protected];))
Vardhman Textiles Enteres Into Share Subscription Agreement With Renew Green Energy Solutions And Renew Green (MPR One)
May 2 (Reuters) - Vardhman Textiles Ltd VART.NS:
ENTERED INTO SHARE SUBSCRIPTION AND SHAREHOLDER'S AGREEMENT WITH RENEW GREEN ENERGY SOLUTIONS AND RENEW GREEN (MPR ONE)
ENTERS INTO POWER PURCHASE AGREEMENT WITH RENEW GREEN (MPR ONE)
AGREEMENTS TO SET-UP 11.5 MW WIND SOLAR HYBRID POWER PLANT IN STATE OF MADHYA PRADESH
Source text for Eikon: ID:nBSEbG1N8Z
Further company coverage: VART.NS
(([email protected];))
May 2 (Reuters) - Vardhman Textiles Ltd VART.NS:
ENTERED INTO SHARE SUBSCRIPTION AND SHAREHOLDER'S AGREEMENT WITH RENEW GREEN ENERGY SOLUTIONS AND RENEW GREEN (MPR ONE)
ENTERS INTO POWER PURCHASE AGREEMENT WITH RENEW GREEN (MPR ONE)
AGREEMENTS TO SET-UP 11.5 MW WIND SOLAR HYBRID POWER PLANT IN STATE OF MADHYA PRADESH
Source text for Eikon: ID:nBSEbG1N8Z
Further company coverage: VART.NS
(([email protected];))
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What does Vardhman Textiles do?
Vardhman Textiles is India's largest vertically integrated textile manufacturer producing yarn and woven fabric. The company's commitment to quality, innovation, and sustainability has created holistic value for its stakeholders, making it a market leader.
Who are the competitors of Vardhman Textiles?
Vardhman Textiles major competitors are Alok Inds, Filatex India, Nitin Spinners, Sangam India, Raj Rayon Industries, Sportking India, AYM Syntex. Market Cap of Vardhman Textiles is ₹12,137 Crs. While the median market cap of its peers are ₹1,906 Crs.
Is Vardhman Textiles financially stable compared to its competitors?
Vardhman Textiles seems to be financially stable compared to its competitors. The probability of it going bankrupt or facing a financial crunch seem to be lower than its immediate competitors.
Does Vardhman Textiles pay decent dividends?
The company seems to be paying a very low dividend. Investors need to see where the company is allocating its profits. Vardhman Textiles latest dividend payout ratio is 18.02% and 3yr average dividend payout ratio is 14.34%
How has Vardhman Textiles allocated its funds?
Companies resources are allocated to majorly unproductive assets like Inventory
How strong is Vardhman Textiles balance sheet?
Balance sheet of Vardhman Textiles is strong. It shouldn't have solvency or liquidity issues.
Is the profitablity of Vardhman Textiles improving?
The profit is oscillating. The profit of Vardhman Textiles is ₹808 Crs for TTM, ₹632 Crs for Mar 2024 and ₹795 Crs for Mar 2023.
Is the debt of Vardhman Textiles increasing or decreasing?
The net debt of Vardhman Textiles is decreasing. Latest net debt of Vardhman Textiles is ₹1,149 Crs as of Mar-25. This is less than Mar-24 when it was ₹1,616 Crs.
Is Vardhman Textiles stock expensive?
Vardhman Textiles is expensive when considering the EV/EBIDTA, however latest PE is < 3 yr avg PE. Latest PE of Vardhman Textiles is 14.2, while 3 year average PE is 14.6. Also latest EV/EBITDA of Vardhman Textiles is 10.68 while 3yr average is 9.97.
Has the share price of Vardhman Textiles grown faster than its competition?
Vardhman Textiles has given lower returns compared to its competitors. Vardhman Textiles has grown at ~6.93% over the last 8yrs while peers have grown at a median rate of 16.86%
Is the promoter bullish about Vardhman Textiles?
Promoters seem not to be bullish about the company and have been selling shares in the open market. Latest quarter promoter holding in Vardhman Textiles is 64.21% and last quarter promoter holding is 64.22%
Are mutual funds buying/selling Vardhman Textiles?
The mutual fund holding of Vardhman Textiles is decreasing. The current mutual fund holding in Vardhman Textiles is 15.09% while previous quarter holding is 15.38%.