Levered/Unlevered Beta of Vardhman Textiles Ltd. ( 502986 | IND) Beta is a statistical measure that compares the volatility of a stock against the volatility of the broader market, which is typically measured by a reference market index. Local Business. Vardhman Text Standalone September 2020 Net Sales at Rs 1,532.90 crore, down 1.28% Y-o-Y 11.10.2019 Vardhman Textiles Q2 PAT may dip 35.5% YoY to Rs. The Transferor Company 2 is a wholly owned subsidiary of the Transferee Company. Mill Limited: 6,021: Garware Wall Ropes Limited: 5,060: Trident Limited: 7,868: Indo Count Industries Ltd Hammerle Textiles Ltd. and F.M. 116.56 crores for the quarter ended September 2019. It is classified as Non-govt company and is registered at Registrar of Companies, Chandigarh. Bright Bar. There has been no material change in the nature of the business of the subsidiaries. Vardhman Polytex Ltd. Vardhman Park, Chandigarh Road LUDHIANA 141123 P: +91161.2685301 F: +91161.6629988 Vardhman Textiles Limited is a Public incorporated on 08 October 1973. Vardhman Textiles Limited, together with its subsidiaries, manufactures and sells textiles and fibre in India, the United States, Europe, rest of Asia, and internationally. Vardhman Textiles board approves amalgamation of two subsidiaries The merger deal is subject to the NCLT approval. Corporate Responsibility. Vardhman Textiles Limited. Rolling Mill. Large one-off items impacting financial results. The company's largest revenue segment is textiles, which offers greige and dyed yarns in a number of fabrics such as cotton, polyester, acrylic, organic cotton, melange, cellulose, and synthetics. Founded in 1973, and run by CEO Shri Oswal, the company provides employment to 21,206 people and with the market cap of INR ₹70.14B, it falls under the large-cap category. Vardhman Textiles Limited (VTL) is a listed company engaged in the business of manufacturing cotton yarn, synthetic yarn and woven fabrics. Vardhman Textiles Ltd Stock/Share prices, Live BSE/NSE, F&O Quote of Vardhman Textiles Ltd. with Historic price charts for NSE / BSE. Spanning over 25 manufacturing facilities in five states across India, the Group business portfolio includes Yarn, Greige and Processed Fabric, Sewing Thread, Acrylic Fibre and Alloy Steel. Vardhman Textiles Limited: 6,204: K.P.R. PE ratio (17.8x) is below the Indian market (19.7x) Earnings are forecast to grow 48.37% per year. Rewards. There is no associate company within the meaning of Section 2(6) of the Companies Act, 2013 ("Act"). The … Comparative and Cash Flow Analysis of Arvind Ltd. And Vardhman Textiles. A + A-Read Full Story. Page Transparency See More. Vardhman Group is a leading textile conglomerate in India having a turnover of $1009 mn. It has reported a consolidated sales of Rs. VMTSL is engaged in the business of manufacturing cotton and blended yarn while VNGL is … This is because all the entities, collectively referred to as the Vardhman group, are in the textile business, have an integrated treasury and strong intra-group operational linkages, including common procurement of cotton. Spanning over 25 manufacturing facilities in five states across India, the Group business portfolio includes Yarn, Greige and Processed Fabric, Sewing Thread, Acrylic Fibre and Alloy Steel. Related Pages. This phase of expansion will be rolled out over the next three years, including the current financial year, and will entail a capex of approximately Rs. Vardhman Textiles | 44,833 followers on LinkedIn. Vardhman Nisshinbo Garments Company Limited (VNGL) This subsidiary of the Company is a Joint Venture partnership of 51:49 with Nisshinbo Textiles Inc., Japan for manufacturing men''s shirts. 1995 The company entered into a joint venture agreement with Japan Exlan Co. Ltd. and Marubeni Corporation of Japan for setting up an acrylic fibre project for manufacture of 16,500 TPA acrylic fibre. Vardhman Group is a leading textile conglomerate in India having a turnover of $1009 mn. detailed news, announcements, financial report, company information, annual report, balance sheet, profit & loss account, results and more. Vardhman Textiles Limited (formerly Mahavir Spinning Mills Limited) was incorporated in the year October 08, 1973. Risk Analysis . It is inolved in Spinning, weaving and finishing of textiles. On 6 September 2017, Vardhman Textiles informed the stock exchanges that the company has purchased entire stake of Marubeni Corporation (6.67%) and Marubeni Hong Kong and South China Limited (3.89%) in its subsidiary, M/s VMT Spinning Company Limited (VMT). It was incorporated in 1962 and has made its market in not only textile but steel too. Vardhman Polytex Limited | 1,351 followers on LinkedIn. On May 28, 2020, Vardhman Textiles Limited (VTXL) announced its decision to merge with its wholly owned subsidiaries, VMT Spinning Company Limited (VMTSL, 'CRISIL AA/Watch Positive/CRISIL A1+') and Vardhman Nisshinbo Garments Company Limited (VNGL, 'CRISIL A+/Watch Positive'). Vardhman Textile has entered into Joint Venture Agreement on March 24th, 2008 with American & Efird Inc (A&E), a subsidiary of Ruddick Corporation, USA. Every decade it went into diversification, expansion and joint ventures. Vardhman Textiles Limited, together with its subsidiaries, operates as an integrated textile manufacturing company in India. Vardhman Textiles Ltd. Local Business . The company earlier was holding 89.44% shares of VMT and with this purchase VMT has become its 100% subsidiary.During … The Company has two subsidiaries, namely F.M. Vardhman Textiles Limited is an integrated textile manufacturer. More Details. Peer Name Market Cap. 1,000,000,000 and its paid up capital is Rs. The Company offers wide range of greige and dyed yarns in cotton, polyester, acrylic, and a variety of blends. Vardhman Textiles Limited . The group's business portfolio includes Yarn, Greige and Processed Fabric, Sewing Thread, Acrylic Fibre and Alloy Steel. As a responsible corporate citizen, VSSL is committed to providing a safe, progressive, and sustainable work environment. 575,187,580. Vardhman Textiles Ltd is in the Textiles sector, having a market capitalization of Rs. See actions taken by the people who manage and post content. In 1987, Mahavir Spinning Mills Limited has taken over the Management of the Company and the said company becomes the subsidiary of MSML. 1,663.67 crores and a net profit of Rs. The Company is engaged in manufacturing of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fiber, tow and garments. Vardhman Textiles Limited. People. Its authorized share capital is Rs. Steel Melting. May 28, 2020 04:05 IST | India Infoline News Service. 126.7 cr: Kotak \ About the Company: Vardhman Textiles Limited is an integrated textile manufacturer with its head office in Ludhiana, Punjab. The company is based in India and generates about a quarter of revenue internationally. 704 likes. The group is sixty years old started with 6000 spindles to manufacture yarns. Vardhman Textiles Limited ( Transferee Company ), is a public company incorporated under the Companies Act, 1956 having its registered office at Chandigarh Road, Ludhiana, Punjab 141010, india with Permanent Account Number AABCM4692E and the Corporate Identification Number L17111P8B1973PLC003345. This is because all the entities, collectively referred to as the Vardhman group, are in the textile business, have an integrated treasury and strong intra-group operational linkages, including common procurement of cotton. During the year, the Revenue from Operations of the Company was RS, 59.81 crore as compared to RS, 58.18 crore in the previous year. Facebook is showing information to help you better understand the purpose of a Page. 5,181.40 crores. 704 people like this. The technical expertise at VSSL is worth a special mention. Vardhman Special Steels Limited incorporates cutting-edge manufacturing technology. The company was incorporated in 1973 and is based in Tiruppur. Delicate Threads that Binds us Together | Vardhman Polytex Limited (VPL) was originally promoted by Mohta Group and PSIDC under the name & style, M/s Punjab Mohta Polytex Limited. About See All. The business and financial risk profiles of VTXL's subsidiary, VTL Investments Limited and VTXL's associate, Vardhman Special Steels Ltd (VSSL) are also combined … It has its global alliances in USA, South Korea and Japan. Vardhman Textiles Limited has informed the Exchange regarding allotment of 43800 securities pursuant to ESOP/ESPS at its meeting held on January 04, 2021 Community See All. Heat Treatment. Vardhman Textiles Ltd is a manufacturer and seller of textiles and acrylic fiber. (Textile Industry) Submitted To: Dr. Pinku Paul Presented By: Group A3 Ankur Sengupta (20PGPM008) Apoorv Sarin (20PGPM010) Priti Das (20PGPM030) Rahul Shaw (20PGPM034) Rounak Ghosh (20PGPM042) Shubham Katiyar (20PGPM052) Supratim Dey (20PGPM059) Hammerle Verwaltungs GmbH, Austria, as on 31 st March, 2016. The business and financial risk profiles of VTXL's subsidiary, VTL Investments Limited and VTXL's associate, Vardhman Special Steels Ltd (VSSL) are also combined … Rooted In Values, Creating World Class Textiles | Vardhman Group is a leading textile conglomerate in India having a turnover of $1.1 bn. 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