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.

Load latest

Vardhman Textiles Ltd.

24 Jan 2021

407.95

-0.37%

'Garbage Cafe': SDMC offers free meal in exchange of plastic waste

Business Standard

Under this innovative concept, in exchange of plastic waste, free meals will be provided to citizens by a restaurant in Vardhman Mall, Dwarka, the SDMC said in a statement

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

Vardhman Textiles Ltd.

22 Jan 2021

407.95

-0.37%

Vardhman Text Consolidated December 2020 Net Sales at Rs 1,750.10 crore, down 4.12% Y-o-Y

Moneycontrol

NULL

Vardhman Textiles Ltd. is trading below all available SMAs

Vardhman Textiles Ltd.

30 Oct 2020

407.95

-0.37%

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. is trading below all available SMAs

Vardhman Textiles Ltd.

30 Jun 2020

407.95

-0.37%

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. is trading below all available SMAs

Vardhman Textiles Ltd.

30 Mar 2020

407.95

-0.37%

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

407.95

-0.37%

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

Moneycontrol

NULL

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

Vardhman Textiles Ltd.

24 Dec 2019

407.95

-0.37%

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

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

Vardhman Textiles Ltd.

06 Dec 2019

407.95

-0.37%

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, 12:00AM

407.95

-0.37%

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...

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

Vardhman Textiles Ltd.

19 Aug 2019

407.95

-0.37%

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

Is Vardhman Textiles Ltd. worth buying?

178 Votes:

Buy 84.27%

Sell 10.67%

Hold 5.06%

27.66% Fall from 52W High

Vardhman Textiles Ltd. News and Updates

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