Announcement
Announcement under Regulation 30 (LODR)-Allotment 17 Sep - Vardhman Polytex allotted 37.5 lakh shares on warrant conversion; paid-up capital rose to Rs.50.84 crore.
Source: Bse
Vardhman Polytex Limited (VARDMNPOLY)
Small CapConsumer stocks · Small cap · NSE
Vardhman Polytex Limited operates in Textiles, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers.
Data qualityFresh enough for analysisQuote updated 19 Oct, 03:31 pm ISTDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals06 Oct 2026 · screener
Latest result16 Aug, 01:47 am IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage10/14 · 71%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
25Bearishfull bear SMA stack · SMA20 -6.8% / mo · MACD − · near 52W low · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 18
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
VARDMNPOLYD candles · FIT view-24.5%Latest close ₹5.27 on 2026-10-19
Bar
-5.9%
RSI
36
MACD hist
-0.00
52W pos
13%
2026-10-19O ₹5.60H ₹5.60L ₹5.25C ₹5.27Vol 1.8L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
VARDMNPOLYNifty Consumer DurablesNifty 500
- VARDMNPOLY
- -17.0%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- -11.4 pp
Chart stats
19 Oct 2026- From 52W high
- -44.5%
- 52W range position
- 12%
- ATR (14)
- 6.8%
- Volume vs 20D
- 0.45x
- Avg traded value
- ₹0.2 Cr
- 20D price channel
- ₹4.7 - ₹6.1
₹9.5
₹4.7 - ₹9.5
₹0.4
Latest completed session
20-session average
31.1% annualized volatility
Research snapshot
What the evidence says now
Weak fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is weak.
Suggested next step
Check latest quarters
Result consistency is weak; verify whether the thesis is improving or deteriorating.
U-Score
Legacy · WATCHLIST35
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Bad2
Revenue +1.7% · PAT NDF YoY
Technical
Bearish25
Price trend and sector-relative-strength timing.
Valuation
Legacy model+97.6%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence61
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Bad · 2/100margin compression · Rev +2% YoY
Filed 30 Jun 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹61 Cr | +1.7% | -6.2% |
| EBITDA | ₹-1 Cr | -150.0% | -150.0% |
| Operating margin | -2.1% | -490 bps | -470 bps |
| PAT | ₹311 Cr | NDF | +31000.0% |
| PAT margin | 509.8% | +50984 bps | +50830 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 30.90
- P/B
- —
- EV/EBITDA
- 18.72
- Market Cap
- 282.00Cr
Profitability
- ROE
- —
- ROCE
- —
- ROA
- 112.72%
- Dividend Y
- —
Growth (CAGR)
- Revenue 5Y
- -14.00%
- EPS 5Y
- 15.00%
- Revenue 3Y
- -27.00%
- EPS 3Y
- 26.00%
Balance Sheet
- Debt/Equity
- 0.00
- Interest Coverage
- 1.22×
- Altman Z
- 0.11
- Book Value
- -4.08
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 10/5
- OCF
- -30.00 Cr
- EPS TTM
- 6.60
Shareholding
- Promoter Hold
- 40.63%
- Promoter Pledge
- 64.90%
- Momentum 52W
- 12%
Financial History
Updated 19/10/2026
Revenue
₹ CrLatest: 61.0-6.2% vs prev
Net Profit
₹ CrLatest: 311+31000.0% vs prev
ROE is shown only in the Annual view — quarterly equity data isn't published.
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Mixed signalsSignals are conflicting — long-term trend down. RSI 36. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~7.2% over last month) — short-term momentum negative.
- RSI(14) at 36 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- 42% off 52W high · 12% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
16
RS percentile
Stage 4 Downtrend
1M return
-7.4%
3M return
-17.0%
6M return
-29.6%
1Y return
-33.8%
RS 1D
0
RS 20D
+5
Sector rank
#9
Industry rank
#36
Stage evidence
- Price is 18.8% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -4.8%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
262 observations
19 Oct 2026Value 63.15-1.20%
RS vs Nifty 50063
Valuation & peers
U-Score 35 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Valuation & peers
U-Score 35 · legacy U-Score band WATCHLIST · valuation evidence and comparable companies
Deep Value
Fundamental score breakdown
U band · WATCHLISTValuation22/30
Growth11/25
Quality0/20
Balance Sheet0/15
Cash Flow3/10
Piotroski
3/9 (+1)
Penalties
-2
Raw sum
35
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
35/100 · legacy band WATCHLIST
Positive drivers
- Fair-value margin of safety is positive at 97.6%.
- Valuation contributes 22/30 to the score.
- Growth contributes 11/25 to the score.
Main drags
- Altman Z is 0.1, in distress territory.
- Promoter pledge is 64.9%.
- Penalty bucket subtracts 2 points.
Sector valuation model
Cyclical valuation: normalized earnings, not just trailing PE
Cyclical companies can look cheapest near peak profits, so IndiaPulse flags value-trap risk separately.
Primary lens
Mid-cycle PE/EV/EBITDA using multi-year average margins or earnings.
Secondary checks
Current margin versus 5-year average, balance sheet strength, commodity cycle.
Main risk check
A low trailing PE may mean peak-cycle earnings, not true cheapness.
PE
30.9
PB
—
EV/EBITDA
18.7
ROE
—
ROCE
—
FCF Yield
—
Debt/Equity
0.0
MoS
+97.6%
Cyclical/value-trap warning
This sector can look cheap when profits are temporarily high. Check mid-cycle margins/earnings before relying on trailing PE.
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 20 Oct 2026
v4.3-runtime-valuation
Final score
35
Previous: 35
Legacy U-Score band
WATCHLIST
Previous: WATCHLIST
Margin of safety
+97.6%
Previous: +97.6%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
35
35
35
35
35
35
35
35
35
35
35
35
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
—
Growth-justified P/E
33.3
Growth-justified Value
₹219.78
+97.6% MoS
PEG
1.59
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
DCMNVL
Small
DCM Nouvelle Limited
Textiles
match 93
36
10.7
1.1%
-137%
WATCHLIST
ASHIMASYN
Small
Ashima Limited
Textiles
match 92
12
—
-7.4%
—
OVERVALUED
BEDMUTHA
Small
Bedmutha Industries Limited
Textiles
match 92
33
20.8
-0.6%
+35%
WATCHLIST
MARALOVER
Small
Maral Overseas Limited
Textiles
match 92
25
10.5
3.8%
-343%
OVERVALUED
SHIVATEX
Small
Shiva Texyarn Limited
Textiles
match 91
24
22.2
9.0%
-440%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Issuer presentation review pending
Vardhman Polytex Limited operates in Textiles, within the Consumer sector. Use the latest filing and company disclosures below to verify its revenue mix and current business drivers. The structured result feed currently covers the quarter ended 30 Jun 2026. Investor presentations and earnings-call PDFs will be added as issuer-backed evidence before management claims appear here.
Trust Score
61Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 32nd percentile of the scored universe and 34th percentile within Consumer. Main check: results consistency is weak at 12/100.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
1 docs text-extracted · 0 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
32nd percentile
overall median 67 · Consumer: 34th pctile, median 66 · Small: 36th pctile, median 66
Evidence depth
Financial-only
1 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Acceptable, but check the weakest sub-score before increasing exposure.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
39
weak · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
66
acceptable · leverage and solvency
Discipline
82
strong · capital discipline
Results
12
weak · quarterly consistency
Trust positives
- ▸Promoter holding increased 3.3%.
- ▸FCF yield is 21.1%.
- ▸11 years of positive FCF.
- ▸Debt/equity is 0.00.
Trust risks
- ▸Promoters have pledged 74% of holding.
- ▸Interest coverage is 0.9x.
- ▸1/4 latest quarters had positive YoY revenue growth.
- ▸1/4 latest quarters had positive YoY PAT growth.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Vardhman Polytex Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Issue of Securities 9 Sep - Allotted 1,06,25,000 shares at Rs.12.55 each on warrant conversion; paid-up capital rose to Rs.49.36 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment 9 Sep - Allotted 1.06 crore shares on warrant conversion, raising Rs.10 crore; paid-up capital rose to Rs.49.36 crore.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 3 Sep - Disclosure regarding Newspaper publication of AGM notice is being submitted.
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.