Vardhman Holdings financials

Latest results Q1 FY27 · Apr–Jun 2026
Revenue
₹10.8cr+217.6% on Q1 FY26
Net profit
₹98.1cr+56.7% on Q1 FY26
EBITDA margin
93.1%+2.4 pts on Q1 FY26
EPS
₹307.27+56.7% on Q1 FY26

Quarterly results

Every quarter ›
₹ croreQ1 FY27Q1 FY26Change
Revenue10.83.4+217.6%
EBITDA10.13.1+226.2%
EBITDA margin93.1%90.6%+2.4 pts
Profit before tax10.63.5+199.2%
Net profit98.162.6+56.7%
EPS₹307.27₹196.08+56.7%

Over time

Q1 FY27 · Apr–Jun 2026latest
Revenue₹10.8 crNet profit₹98.1 crNet margin905.6%

Amounts on the left scale in ₹ crore; per cent on the right, dashed. L = lakh crore, K = thousand crore. Touch the chart to read any period.

Key numbersby financial year

₹ crore except per share
Tap a line for its trendCurrentlast 12MFY26Mar 2026FY25Mar 2025FY24Mar 2024FY23Mar 2023FY22 and earlierAlpha Plus
1,107————
FY22 and earlierEvery year the company has filed comes with Alpha Plus.
0.40.40.52.93.0
1,107————
19.712.322.814.95.9
—−46.2%+52.8%+153.0%—
17.210.216.610.61.5
87.4%83.4%72.9%70.9%25.8%
17.210.216.610.61.5
252216258185228
1,278.7%1,763.4%1,133.1%1,240.7%3,878.3%
₹788.50₹677.15₹808.78₹579.53₹716.08
—−16.3%+39.6%−19.1%—
—−5.8−5.5−2.91.3
−5.8−5.8−5.5−2.91.3
Open the chart

From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.

VHL₹3,471.70

Vardhman Holdings Limited

· Banking & Finance
₹ CrorePeersJPOLYINVSTAFSLSTELJINDALPHOTHEXATRADEXMAXINDPNBGILTSVLSFINANCEMcap ₹1,107 Cr
HighlightsEnterprise ValueMultiplesPer ShareAnnuals · FY-end closes
In ₹ Crore except Per Share
12 Months Ending
FY23
31/03/2023
FY24
31/03/2024
FY25
31/03/2025
FY26
31/03/2026
Current/LTM
TTM · last close
Market Capitalization————1,107.5
- Cash, Equiv & ST Investments3.02.90.50.40.4
Enterprise Value————1,107.1
Revenue5.914.922.812.319.7
Growth %, YoY—+153.0+52.8-46.2—
EBITDA1.510.616.610.217.2
Margin %25.8170.8772.8683.3587.44
EBIT1.510.616.610.217.2
Net Income228.4184.9258.0216.0251.5
Margin %3,878.271,240.741,133.071,763.351,278.75
EPS, Adj (current shares)716.08579.53808.78677.15788.50
Growth %, YoY—-19.1+39.6-16.3—
Cash from Operations1.3-2.9-5.5-5.8—
Free Cash Flow1.3-2.9-5.5-5.8-5.8
Market Cap/EV/multiples pair each (split/bonus-adjusted) FY-end close with the latest filed share count; Current column uses the last close. Market Capitalization is a market-level figure — identical across Consolidated/Standalone (the accounting rows below differ). No consensus estimates → no Est columns. Click any row to chart it.
« ‹ › »Latest: FY26 · ConsolidatedFA Financial Analysis · alphave
Data & compliance. Descriptive financial information from official NSE/BSE filings — for information and education only, not investment advice, a recommendation, or a valuation. Standalone = parent entity; consolidated includes subsidiaries. Historical multiples pair each fiscal year's filed figures with that FY-end market close; the Current column uses the last close with the latest filed annuals. Figures are cross-verified via accounting identities and NSE×BSE agreement — XBRL cross-verified ✓ 95%.

Vardhman Holdings financials and key ratios

Prices at the 30 October 2026 close · figures from the company's filings with NSE

Vardhman Holdings (NSE: VHL) had a market capitalisation of ₹1,100 crore at the 30 October 2026 close (₹3,449.10 a share), a PE ratio of 4.4 on the last four quarters' profit and a price-to-book ratio of 0.29. In FY26 its consolidated net profit was ₹216 crore on revenue of ₹12.3 crore; in Q1 FY27 (April–June 2026) it was ₹98.1 crore, up 56.7% year on year. It had no borrowings on 31 March 2026. Promoters held 74.90% of the shares on 30 September 2026.

Share price used
₹3,449.10 · 30 October 2026 close
Latest balance sheet
31 March 2026
Shareholding pattern
30 September 2026

Vardhman Holdings at a glance · consolidated

Market cap
₹1,100 Crat ₹3,449.10 · 30 Oct close
PE ratio (last 4 quarters)
4.45.1 on FY26 profit
Price to book (PB)
0.29book value ₹11,804.64 a share
ROE (FY26)
5.9%
Debt to equity
0.00net cash ₹1.5 Cr
Promoter holding
74.90%unchanged vs 30 Jun 202630 September 2026
Dividend yield
0.14%₹5 a share in 12 months
Net worth
₹3,766 Cr+6.4% vs 31 Mar 202531 March 2026
Free cash flow (FY26)
−₹5.8 Cr

Questions

What is the Vardhman Holdings PE ratio today?

Vardhman Holdings' PE ratio is 4.4 at the 30 October 2026 close (₹3,449.10 a share): a market capitalisation of ₹1,100 crore divided by consolidated net profit of ₹252 crore over the last four quarters (Q2 FY26 to Q1 FY27). On FY26 net profit (₹216 crore) it is 5.1.

What is the Vardhman Holdings debt to equity ratio?

Vardhman Holdings' debt-to-equity ratio was 0.00 on 31 March 2026: no borrowings against total equity of ₹3,766 crore. A year earlier, on 31 March 2025, it was 0.00.

What is the Vardhman Holdings net worth?

Vardhman Holdings' net worth — shareholders' equity in its consolidated balance sheet — was ₹3,766 crore on 31 March 2026, up 6.4% from ₹3,540 crore a year earlier. Its market value is a different figure: a market capitalisation of ₹1,100 crore at the 30 October 2026 close.

What is the Vardhman Holdings PB ratio (price to book value)?

Vardhman Holdings' price-to-book (PB) ratio is 0.29 at the 30 October 2026 close: a market capitalisation of ₹1,100 crore divided by shareholders' equity (book value) of ₹3,766 crore on 31 March 2026. That is a book value of ₹11,804.64 per share against a share price of ₹3,449.10.

What is the Vardhman Holdings book value per share?

Vardhman Holdings' book value per share was ₹11,804.64 on 31 March 2026: shareholders' equity of ₹3,766 crore divided by the 31.9 lakh shares in issue, up 6.4% from ₹11,098.62 a year earlier. The share price at the 30 October 2026 close was ₹3,449.10.

What is the Vardhman Holdings dividend yield?

Vardhman Holdings' dividend yield is 0.14% at the 30 October 2026 close: dividends of ₹5 a share that went ex-dividend in the 12 months before that day, divided by the share price of ₹3,449.10. They were ₹5 on 28 August 2026.

What is the Vardhman Holdings market cap?

Vardhman Holdings' market capitalisation was ₹1,100 crore at the 30 October 2026 close: 31.9 lakh shares at ₹3,449.10 each.

Is Vardhman Holdings debt free?

Yes. Vardhman Holdings had no borrowings on 31 March 2026 (consolidated balance sheet), and it held ₹1.5 crore of cash, bank balances and current investments.

What is the Vardhman Holdings ROE and ROCE?

In FY26, Vardhman Holdings' return on equity (ROE) was 5.9%. ROE is net profit divided by average shareholders' equity (the start and end of the year).

What is the Vardhman Holdings EPS?

Vardhman Holdings' basic earnings per share (EPS) were ₹676.83 in FY26, against ₹808.40 in FY25. Over the last four quarters (Q2 FY26 to Q1 FY27) they add up to ₹788.02.

What is the Vardhman Holdings dividend in 2026 and its record date?

In 2026, Vardhman Holdings has declared one dividend: ₹5 with record date 28 August 2026.

When are the Vardhman Holdings next results?

Vardhman Holdings has not yet announced the date of its Q2 FY27 results (July–September 2026); under SEBI's listing rules (Regulation 33) they are due by 14 November 2026.

What is the Vardhman Holdings promoter holding?

Promoters held 74.90% of Vardhman Holdings on 30 September 2026, unchanged from both the previous quarter and a year earlier, according to the shareholding pattern filed with NSE.

What is the Vardhman Holdings free cash flow?

In FY26, Vardhman Holdings generated ₹5.8 crore of cash from operations and spent ₹0 lakh on capital expenditure (property, plant, equipment and intangibles), leaving free cash flow of −₹5.8 crore. In FY25 it was −₹5.5 crore.

What are the Vardhman Holdings latest quarterly results?

Vardhman Holdings' latest results are for Q1 FY27 (April–June 2026), filed on 6 August 2026: consolidated net profit ₹98.1 crore, up 56.7% from ₹62.6 crore in Q1 FY26; revenue from operations ₹10.8 crore, up 217.6% year on year.

What is the Vardhman Holdings shareholding pattern?

On 30 September 2026, Vardhman Holdings' shares were held by promoters 74.90%, foreign portfolio investors (FII/FPI) 0.05%, domestic institutions (DII) 0.06% (including mutual funds at 0.06%) and retail and other non-institutional investors 24.99%. Over the year, FII holding was unchanged and DII holding was unchanged.

What is the Vardhman Holdings revenue and profit in FY26?

In FY26 (April 2025–March 2026), Vardhman Holdings' consolidated net profit was ₹216 crore, down 16.3% from ₹258 crore in FY25, on revenue from operations of ₹12.3 crore (down 46.2%). Over three years, from FY23, net profit was down 5.4%.

How does the Vardhman Holdings PE ratio compare with its peers?

At the 30 October 2026 closing prices, on FY26 net profit, Vardhman Holdings' PE ratio is 5.1, the third highest of the four: Jindal Poly Investment and Finance 1.1, Abans Financial Services 10.7 and Stel Holdings 47.1, a peer average of 19.6. Each is the company's market capitalisation at that price divided by its FY26 net profit.

How does Vardhman Holdings compare with its peers?

On FY26 consolidated figures, against Jindal Poly Investment and Finance, Abans Financial Services and Stel Holdings: Vardhman Holdings' operating margin of 83.3% is the third highest of the four (Jindal Poly Investment and Finance 100.0%, Abans Financial Services 0.7%, Stel Holdings 97.1%; peer average 65.9%); its return on equity of 5.9% is the third highest of the four (Jindal Poly Investment and Finance 54.8%, Abans Financial Services 8.3%, Stel Holdings 1.2%; peer average 21.4%).

Vardhman Holdings vs Jindal Poly Investment and Finance: how do they compare?

In FY26, Vardhman Holdings earned net profit of ₹216 crore on revenue of ₹12.3 crore, against ₹858 crore on ₹1,037 crore for Jindal Poly Investment and Finance. Vardhman Holdings' operating margin was 83.3% (Jindal Poly Investment and Finance 100.0%) and its return on equity 5.9% (Jindal Poly Investment and Finance 54.8%). At the 30 October 2026 close, Vardhman Holdings' market capitalisation was ₹1,100 crore against ₹928 crore for Jindal Poly Investment and Finance, and its PE ratio on FY26 profit 5.1 against 1.1.

Where do these Vardhman Holdings figures come from?

From Vardhman Holdings' own consolidated results, balance sheets and shareholding patterns filed with NSE, and NSE prices (the latest used here: the 30 October 2026 close). Ratios are calculated by Alphave from those filings as each answer describes.

Consolidated figures from the company's filings with NSE; prices are NSE closing prices.