VARDHACRLC
Vardhman Acrylics financials
- Market cap
- ₹356 Cr
- Sector
- Textiles
What Vardhman Acrylics Limited does
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)
Quarterly results
Q1 FY27: revenue up 13.0%, net profit up 700.0% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 71 | 82 | 72 | 69 | 89 +25% | 76 −7% | 84 +17% | 78 +13% |
| EBITDA | 1 | 1 | 0 | -1 | 0 −100% | 7 +600% | 10 | 18 +1900% |
| Net profit | 2 | 4 | 2 | 2 | 2 +0% | 7 +75% | 16 +700% | 16 +700% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance −2.2% 1Y
1Y: ₹45.05 on 10 Sept 2025 → ₹44.06. High ₹46.82 (29 Jul 2026), low ₹27.23 (30 Mar 2026).
Financials, as filed
Revenue fell 9.6% a year over 3 years, FY23 to FY26. Operating margin narrowed to 5.0%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹430 Cr | ₹297 Cr | ₹282 Cr | ₹318 Cr |
| Operating profit | ₹39 Cr | ₹13 Cr | ₹4 Cr | ₹16 Cr |
| Operating margin | 9.0% | 4.4% | 1.4% | 5.0% |
| Interest | ₹0 Cr | ₹0 Cr | ₹0 Cr | ₹0 Cr |
| Depreciation | ₹5 Cr | ₹4 Cr | ₹4 Cr | ₹4 Cr |
| Net profit | ₹33 Cr | ₹17 Cr | ₹12 Cr | ₹27 Cr |
| Net margin | 7.7% | 5.7% | 4.3% | 8.5% |
| Cash from operations | ₹39 Cr | ₹7 Cr | ₹26 Cr | ₹7 Cr |
| Free cash flow | ₹31 Cr | ₹4 Cr | ₹21 Cr | ₹2 Cr |
| ROCE | 19.0% | 9.0% | 7.0% | 12.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹80 Cr | ₹80 Cr | ₹80 Cr | ₹80 Cr | ₹80 Cr | ₹80 Cr |
| Reserves | ₹318 Cr | ₹132 Cr | ₹165 Cr | ₹163 Cr | ₹150 Cr | ₹174 Cr |
| Borrowings | ₹0 Cr | ₹3 Cr | ₹0 Cr | ₹1 Cr | ₹0 Cr | ₹0 Cr |
| Other liabilities | ₹86 Cr | ₹87 Cr | ₹97 Cr | ₹84 Cr | ₹108 Cr | ₹89 Cr |
| Total liabilities | ₹485 Cr | ₹302 Cr | ₹342 Cr | ₹328 Cr | ₹339 Cr | ₹343 Cr |
| Fixed assets | ₹59 Cr | ₹56 Cr | ₹54 Cr | ₹56 Cr | ₹59 Cr | ₹60 Cr |
| Capital work in progress | ₹0 Cr | ₹0 Cr | ₹4 Cr | ₹0 Cr | ₹2 Cr | ₹0 Cr |
| Investments | ₹232 Cr | ₹134 Cr | ₹172 Cr | ₹169 Cr | ₹136 Cr | ₹183 Cr |
| Other assets | ₹194 Cr | ₹112 Cr | ₹112 Cr | ₹103 Cr | ₹142 Cr | ₹99 Cr |
| Total assets | ₹485 Cr | ₹302 Cr | ₹342 Cr | ₹328 Cr | ₹339 Cr | ₹343 Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Jun 2026
Since Jun 2025, FIIs trimmed −0.11 pp while the public added +0.11 pp. The shareholder count shrank 1% to 27,904.
- Promoters
- 75.0%
- FIIs
- 0.0%
- Public
- 25.0%
Since Jun 2025
- FIIs −0.11 pp
- Public +0.11 pp
- Promoters 0.00 pp
How it drifted, 12 quarters
Ownership split by quarter, oldest first. Sep '23: Promoters 75.0%, FIIs 0.1%, Public 24.9%.Dec '23: Promoters 75.0%, FIIs 0.1%, Public 24.9%.Mar '24: Promoters 75.0%, FIIs 0.2%, Public 24.9%.Jun '24: Promoters 75.0%, FIIs 0.2%, Public 24.9%.Sep '24: Promoters 75.0%, FIIs 0.2%, Public 24.8%.Dec '24: Promoters 75.0%, FIIs 0.1%, Public 24.9%.Mar '25: Promoters 75.0%, FIIs 0.1%, Public 24.9%.Jun '25: Promoters 75.0%, FIIs 0.1%, Public 24.9%.Sep '25: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Dec '25: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Mar '26: Promoters 75.0%, FIIs 0.0%, Public 25.0%.Jun '26: Promoters 75.0%, FIIs 0.0%, Public 25.0%.
Who is on the register
Named in the Jun 2026 filing
Every holder of Vardhman Acrylics Limited above SEBI's 1% disclosure line, and what changed since Mar 2026.
| Holder | Stake | Change |
|---|---|---|
| Vardhman Textiles Limited | 70.74% | unchanged |
| Devakar Investment And Trading Company Private Limited | 3.23% | unchanged |
| Nahar Capital and Financial Services Ltd. | 1.14% | unchanged |
| Vardhman Holdings Limited | 0.91% | unchanged |
| Investor Education and Protection Fund (IEPF) | 0.17% | unchanged |
| Vtl Investments Limited | 0.09% | unchanged |
| Flamingo Finance & Investment Company Limited | 0.00% | unchanged |
| Ramaniya Finance & Investment Company Limited | 0.00% | unchanged |
| Suchita Jain | 0.00% | unchanged |
| Shakun Oswal | 0.00% | unchanged |
| Northern Trading Company | 0.00% | unchanged |
| Santon Finance & Investment Company Limited | 0.00% | 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.
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