Vardhman Textiles Ltd. News and Updates

Name: Latest research reports of Vardhman Textiles Ltd. authored by ICICI Securities Limited and published by - Trendlyne research reports.
Item: Vardhman Textiles Ltd.
Rating: 3
Author: ICICI Securities Limited

Keep track of all breaking news on Vardhman Textiles Ltd. from all sources in a single place.

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Vardhman Textiles Ltd.

30 Oct 2020

459.55

-2.98%

Vardhman Textiles Ltd

Hold: Vardhman Textiles Ltd.

Target

ICICI Securities Limited

The company has seen a revival in demand for yarn, particularly in the international markets. However, realisations have been lower. Vardhman gradually increased its yarn capacity utilisation levels and is currently operating at close to 100% utilisation in the yarn segment. Yarn demand has been supported by a recovery in demand from Asian countries....

Vardhman Textiles Ltd.'s price crossed below 100Day SMA today

Vardhman Textiles Ltd.

30 Jun 2020

459.55

-2.98%

Vardhman Textiles Ltd

Hold: Vardhman Textiles Ltd.

Recommendation Target

ICICI Securities Limited

Vardhman Textiles posted a weak Q4FY20 performance due to lockdown impact in second half of March. Consolidated revenues fell 9.5% YoY to | 1596 crore due to 10% fall in textile segment. Though gross margins improved 340 bps YoY to 48.5% owing to lower input cost, negative operating leverage led to a fall in EBITDA margin by 80 bps to 14.1% with EBITDA down 15% to | 225.1 crore. Hence, PAT fell 18% YoY to | 149 crore....

Vardhman Textiles Ltd.'s price crossed below 100Day SMA today

Vardhman Textiles Ltd.

30 Mar 2020

459.55

-2.98%

Vardhman Group extends financial aid of Rs 7.5 crore to fight COVID-19

Economic Times

The financial assistance to Punjab includes Rs 50 lakh paid directly to the Chief Minister's Relief Fund and another Rs 50 lakh for the critical medical supplies in the Government Hospitals. The office of Chief Minister tweeted about the gesture of Vardhman Group and urged industry to contribute towards this humanitarian effort.

Vardhman Textiles Ltd. is trading below all available SMAs

Vardhman Textiles Ltd.

06 Feb 2020

459.55

-2.98%

Vardhman Acryli Standalone December 2019 Net Sales at Rs 88.66 crore, down 13.78% Y-o-Y

Moneycontrol

NULL

Vardhman Textiles Ltd. is trading below all available SMAs

Vardhman Textiles Ltd.

24 Dec 2019

459.55

-2.98%

JSW Steel to close Vardhman Industries deal by December

Business Line

Hopes to close Bhushan Power and Steel, Asian Colour Coated acquisition by March quarter

Vardhman Textiles Ltd.'s price crossed below 100Day SMA today

Vardhman Textiles Ltd.

06 Dec 2019

459.55

-2.98%

JSW Steel close to buying Vardhman Industries

Business Line

Almost a year after it was first approved, JSW Steel inched closer to acquiring Vardhman Industries (VIL) in the insolvency driven process as the Nati

Number of FII/FPI investors increased from 172 to 182 in Jun 2025 qtr.

Vardhman Textiles Ltd.

03 Dec 2019

459.55

-2.98%

Vardhman Textiles Ltd

Buy: Vardhman Textiles Ltd.

Recommendation Target

ICICI Securities Limited

The Indian cotton scenario was adverse for spinners in H1FY20 as cotton prices internationally fell significantly to ~50-60 cents/pound whereas domestic cotton prices were stable in the range of 80 cents/pound (owing to shortage of cotton crop). On the other hand, international yarn prices corrected with a steep decline in cotton prices. As per the VTL management, in the first six months, India's average monthly exports (yarn) fell to 74 million kg vs. run rate of 102 million kg (down 28%). India exports to China (monthly) for the first six months dropped to 20 mn kg vs. run rate 40 mn...

Vardhman Textiles Ltd.'s price crossed below 100Day SMA today

Vardhman Textiles Ltd.

19 Aug 2019

459.55

-2.98%

Vardhman Textiles Ltd

Hold: Vardhman Textiles Ltd.

Target

ICICI Securities Limited

Due to the ongoing impact of the trade war between US & China, cotton yarn exports from India have declined. India exports ~ 110 mn kg of cotton yarn annually while domestic consumption was around 235 mn kg. Due to lower yarn imports by China, India's cotton yarn exports declined to ~75 mn kg leading to an influx of additional cotton yarn in the domestic market, which led to lower realisation for cotton yarn producers. Hence, margin for cotton...

Vardhman Textiles Ltd. is trading below all available SMAs

Vardhman Textiles Ltd.

14 Aug 2019

459.55

-2.98%

Company news: Vardhman Textiles

Business Line

The board of Vardhman Textiles has approved a scheme of arrangement for the merger of VMT Spinning Company Ltd, VTL Investments Ltd, Vardhman Nisshinb

Vardhman Textiles Ltd.'s price crossed below 100Day SMA today

Vardhman Textiles Ltd.

14 May 2019

459.55

-2.98%

Vardhman Textiles Ltd

Hold: Vardhman Textiles Ltd.

Recommendation Target

ICICI Securities Limited

The benefit of VTL's new capacity would come in phases and the major revenue impact would only be visible from H2FY20. VTL is focussing on increasing the share of fabrics in overall revenues and expanding its fabric capacity from 140 million metre to 180 million metre by the start of Q2FY20. Also, the company is adding 100,000 spindles, of which ~30,000 are expected to commence operation in May 2019 while the remaining 70,000 are expected to be operational by June-July 2019. Capex for expansion is ~ 1400 crore, out of which the company has spent ~800 crore in FY19 and will...

Vardhman Textiles Ltd. is trading below all available SMAs

Is Vardhman Textiles Ltd. worth buying?

173 Votes:

Buy 83.82%

Sell 10.98%

Hold 5.2%

27.26% Gain from 52W Low

Vardhman Textiles Ltd. News and Updates

Keep track of all breaking news on Vardhman Textiles Ltd. from all sources in a single place.