| ₹ crore | Q1 FY27 | Q1 FY26 | Change |
|---|---|---|---|
| Revenue | 10.8 | 3.4 | +217.6% |
| EBITDA | 10.1 | 3.1 | +226.2% |
| EBITDA margin | 93.1% | 90.6% | +2.4 pts |
| Profit before tax | 10.6 | 3.5 | +199.2% |
| Net profit | 98.1 | 62.6 | +56.7% |
| EPS | ₹307.27 | ₹196.08 | +56.7% |
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.
| Tap a line for its trend | Currentlast 12M | FY26Mar 2026 | FY25Mar 2025 | FY24Mar 2024 | FY23Mar 2023 | FY22 and earlierAlpha Plus |
|---|
| 1,107 | — | — | — | — | FY22 and earlierEvery year the company has filed comes with Alpha Plus. | |
| 0.4 | 0.4 | 0.5 | 2.9 | 3.0 | ||
| 1,107 | — | — | — | — | ||
| 19.7 | 12.3 | 22.8 | 14.9 | 5.9 | ||
| — | −46.2% | +52.8% | +153.0% | — | ||
| 17.2 | 10.2 | 16.6 | 10.6 | 1.5 | ||
| 87.4% | 83.4% | 72.9% | 70.9% | 25.8% | ||
| 17.2 | 10.2 | 16.6 | 10.6 | 1.5 | ||
| 252 | 216 | 258 | 185 | 228 | ||
| 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 | −2.9 | 1.3 | ||
| −5.8 | −5.8 | −5.5 | −2.9 | 1.3 | ||
From the company's filings with NSE and BSE (Ind-AS), consolidated. For information only, not investment advice.
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 Investments | 3.0 | 2.9 | 0.5 | 0.4 | 0.4 | |
| Enterprise Value | — | — | — | — | 1,107.1 | |
| Revenue | 5.9 | 14.9 | 22.8 | 12.3 | 19.7 | |
| Growth %, YoY | — | +153.0 | +52.8 | -46.2 | — | |
| EBITDA | 1.5 | 10.6 | 16.6 | 10.2 | 17.2 | |
| Margin % | 25.81 | 70.87 | 72.86 | 83.35 | 87.44 | |
| EBIT | 1.5 | 10.6 | 16.6 | 10.2 | 17.2 | |
| Net Income | 228.4 | 184.9 | 258.0 | 216.0 | 251.5 | |
| Margin % | 3,878.27 | 1,240.74 | 1,133.07 | 1,763.35 | 1,278.75 | |
| EPS, Adj (current shares) | 716.08 | 579.53 | 808.78 | 677.15 | 788.50 | |
| Growth %, YoY | — | -19.1 | +39.6 | -16.3 | — | |
| Cash from Operations | 1.3 | -2.9 | -5.5 | -5.8 | — | |
| Free Cash Flow | 1.3 | -2.9 | -5.5 | -5.8 | -5.8 | |
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.
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.
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.
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.
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.
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.
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.
Vardhman Holdings' market capitalisation was ₹1,100 crore at the 30 October 2026 close: 31.9 lakh shares at ₹3,449.10 each.
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.
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).
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.
In 2026, Vardhman Holdings has declared one dividend: ₹5 with record date 28 August 2026.
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.
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.
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.
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.
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.
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%.
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.
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%).
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.
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.