Vardhman Acrylics share price & results
- Jun 2026
- Sept 2026
Ludhiana-headquartered manufacturer of acrylic fibre, operating a single production plant at Jhagadia, Gujarat, part of the Vardhman Group.
Reported
The figures, each with its period
Each figure keeps its basis and period; nothing is filled in.
| Metric | Value | Change | Basis | Period | Note |
|---|---|---|---|---|---|
| Revenue | 78.0 | +13.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Revenue from operations as filed. |
| Operating margin | 23.0 | +23.9 pts YoY | Operating profit / revenue | Quarter to Jun 2026 | For the quarter; a change is in percentage points. |
| Net profit | 16.0 | +700.0% YoY | Quarterly, as filed | Quarter to Jun 2026 | Profit after tax as filed. |
| Return on equity | 16.67 | +6.0 pts | Trailing twelve months | TTM to Jun 2026 | Adjusted profit attributable to owners ÷ average owners’ equity. |
| Free cash flow margin | 0.63 | −6.8 pts | Fiscal year | FY ending Mar 2026 | (Operating cash flow − fixed-asset purchases + disposals) ÷ revenue. |
| Revenue growth (YoY) | 11.22 | +18.2 pts | Trailing twelve months | TTM to Jun 2026 | Revenue change against the same period one year earlier. |
Price
Performance +2.6% 1Y
1Y: ₹40.53 on 24 Oct 2025 → ₹41.6. High ₹46.82 (29 Jul 2026), low ₹27.23 (30 Mar 2026).
- Previous close
- ₹41.11
- Market cap
- ₹336 Cr
- 52-week range
- ₹27.23 – ₹46.82
- One year
- +1.74%
- Price to earnings (TTM to Jun 2026)
- 8.20×
- Return on equity (TTM to Jun 2026)
- 16.67%
Overview
- Symbol
- NSE:VARDHACRLC
- Sector
- Textiles
- Industry
- Consumer Discretionary
- Exchange
- NSE
- Currency
- INR
What Vardhman Acrylics Limited does
Based on the company's own presentations, annual report and earnings calls.
Vardhman Acrylics Limited manufactures acrylic fibre (AF), a synthetic textile fibre derived from the crude-oil derivative Acrylonitrile. The company runs its manufacturing operations from a single works at Jhagadia GIDC in Bharuch district, Gujarat, and is registered and headquartered in Ludhiana, Punjab. It earns by selling acrylic fibre into the domestic Indian market as well as through exports, competing against low-priced imports from Asian and Latin American producers.
Segments
- Acrylic Fibre
- Manufacturing plants
- 1 (Jhagadia GIDC, Bharuch district, Gujarat)
- Employees on rolls
- 318 (average, FY25)
- Registered/Corporate office
- Ludhiana, Punjab
- Business office
- Gurugram, Haryana
- Primary raw material
- Acrylonitrile (crude-oil derivative, imported)
Fundamentals
Ratios, each with its period
Current values with the period they cover; the trend reads across the 6 fiscal years held (Mar 2021 to Mar 2026).
Financials
What the filings say
Net profit, year on year: +700% (quarter to jun 2026 against jun 2025).
| Line item | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Sales | 71 | 82 | 72 | 69 | 89 | 76 | 84 | 78 |
| Expenses | 70 | 81 | 72 | 70 | 89 | 69 | 73 | 61 |
| Operating profit | 1 | 1 | 0 | -1 | 0 | 7 | 10 | 18 |
| Operating margin | 1.1% | 1.0% | 0.0% | −0.9% | 0.2% | 9.0% | 12.0% | 23.0% |
| Other income | 3 | 5 | 3 | 4 | 4 | 3 | 4 | 4 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 1 | 1 | 1 | 1 | 1 | 1 | 1 | 1 |
| Profit before tax | 3 | 5 | 2 | 2 | 3 | 10 | 14 | 21 |
| Tax rate | 55.0% | 17.0% | 18.0% | 24.0% | 23.0% | 23.0% | −14.0% | 22.0% |
| Net profit | 2 | 4 | 2 | 2 | 2 | 7 | 16 | 16 |
| EPS (₹ per share) | 0.19 | 0.49 | 0.24 | 0.22 | 0.31 | 0.92 | 1.94 | 2.02 |
| Line item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| Sales | 430 | 297 | 282 | 318 |
| Expenses | 390 | 284 | 278 | 301 |
| Operating profit | 39 | 13 | 4 | 16 |
| Other income | 10 | 15 | 15 | 15 |
| Interest | 0 | 0 | 0 | 0 |
| Depreciation | 5 | 4 | 4 | 4 |
| Profit before tax | 43 | 22 | 15 | 29 |
| Net profit | 33 | 17 | 12 | 27 |
| Line item | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sept 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Equity capital | 80 | 80 | 80 | 80 | 80 | 80 |
| Reserves | 132 | 165 | 163 | 158 | 150 | 174 |
| Borrowings | 3 | 0 | 1 | 0 | 0 | 0 |
| Other liabilities | 87 | 97 | 84 | 110 | 108 | 89 |
| Total liabilities | 302 | 342 | 328 | 349 | 339 | 343 |
| Fixed assets | 56 | 54 | 56 | 58 | 59 | 60 |
| Capital work in progress | 0 | 4 | 0 | 0 | 2 | 0 |
| Investments | 134 | 172 | 169 | 186 | 136 | 183 |
| Other assets | 112 | 112 | 103 | 105 | 142 | 99 |
| Total assets | 302 | 342 | 328 | 349 | 339 | 343 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Cash from operations | 39 | -9 | 39 | 7 | 26 | 7 |
| Cash from investing | -83 | 190 | -37 | 12 | -9 | 8 |
| Cash from financing | -1 | -198 | -3 | -20 | -17 | -12 |
| Net cash flow | -44 | -17 | -1 | 0 | 0 | 2 |
| Free cash flow | 39 | -12 | 31 | 4 | 21 | 2 |
| Line item | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|
| Debtor days | 20 | 13 | 11 | 20 | 11 | 13 |
| Inventory days | 139 | 121 | 108 | 141 | 149 | 108 |
| Days payable | 89 | 75 | 70 | 81 | 123 | 83 |
| Cash conversion cycle | 69 | 59 | 49 | 80 | 37 | 39 |
| Working capital days | 21 | 29 | 15 | 25 | -1 | 13 |
| Return on capital employed | 15.0% | 6.0% | 19.0% | 9.0% | 7.0% | 12.0% |
| Dividend payout | 0.0% | 1380.0% | 61.0% | 92.0% | 102.0% | 44.0% |
Ownership
Who owns it
Promoters hold 74.97% as of Sept 2026; institutions cut 0.01 pts since Jun 2026.
- Promoters 74.97%
- Foreign institutions 0.02%
- Domestic institutions 0.00%
- Public 25.01%
Who is on the register
Named in the Sep 2026 filing
Every holder of Vardhman Acrylics Limited above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| 70.74% | unchanged | |
| 3.23% | unchanged | |
| 1.14% | unchanged | |
| 0.91% | unchanged | |
| 0.17% | unchanged | |
| 0.09% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Your own record
Start an Inve Case for Vardhman Acrylics Limited
Free account: one company. Everything above stays public.
Write why you follow Vardhman Acrylics Limited and the condition you want checked. Inve compares your numeric conditions with available results and management guidance; your own conditions remain yours to review.
Keep reading
Other Textiles companies
Learn to analyse Vardhman Acrylics Limited
Guides on how to read this kind of business and the numbers that matter.