Vardhman Holdings Limited

BSE: VHL500439ISIN INE701A01023

Financial Services
Investment Company

Share price

₹3,421.00-1.15 (-0.03%)

as of 4 Nov 2026

Prices adjusted for splits and bonuses; cash dividends excluded. Volume shows actual shares traded.

52W high: ₹4,050.55
52W low: ₹2,870.40
Off 52W high: -15.54%
1M return: -1.65%
3M return: +1.93%
6M return: -8.11%
1Y return: -17.85%
20D avg volume: 41
50 DMA: ₹3,495.30
200 DMA: ₹3,430.74

Key ratios Consolidated

Market cap: ₹1,092 Cr
Current price: ₹3,421.00
52W high / low: ₹4,050.55 / ₹2,870.40
Face value: ₹10.00
P/E: 4.34
P/B: 0.29
EPS (TTM): ₹788.12
Book value / share: ₹11,804.64
ROE: —
ROCE: —
Operating margin: —
Net margin: —
Debt / equity: 0.00
Net debt: ₹-0.42 Cr
Interest cover: 241.20
Dividend yield: 0.15%
Dividend / share (TTM): ₹5.00
Payout: 0.63%
Cash conversion cycle: —

Financials

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	10.83	0.33	5.76	2.75	3.41	2.20	6.57	7.40	6.60	0.07	7.73	30.27
	0.51	0.48	0.47	0.47	0.45	0.48	0.46	0.48	0.44	1.15	0.38	0.51
	11.34	0.81	6.23	3.22	3.86	2.68	7.03	7.88	7.04	1.22	8.11	30.78
	0.75	0.90	0.51	0.36	0.32	0.98	1.41	2.52	1.28	2.72	0.40	0.74
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.20	0.22	0.19	0.17	0.16	0.15	0.16	0.17	0.14	0.11	0.18	0.12
	0.00	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00
	0.55	0.63	0.32	0.19	0.16	0.83	1.24	2.35	1.14	2.61	0.22	0.62
	10.59	-0.09	5.72	2.86	3.54	1.70	5.62	5.36	5.76	-1.50	7.71	30.04
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	-29.08	0.00	0.00
	10.59	-0.09	5.72	2.86	3.54	1.70	5.62	5.36	5.76	-30.58	7.71	30.04
	2.26	-0.17	1.16	11.37	0.88	0.42	—	—	—	—	—	—
	98.08	53.62	53.71	46.12	62.58	69.73	65.76	49.38	73.13	25.58	53.60	61.93
	307.27	167.97	168.28	144.50	196.08	218.51	206.02	154.73	229.14	80.15	167.97	194.03
Key metrics
	—	—	—	—	—	—	5.63	5.36	5.76	-30.58	7.71	30.04
	—	—	—	—	—	—	85.70%	72.40%	87.30%	-43,685.70%	99.70%	99.20%
	905.60%	16,248.50%	932.50%	1,677.10%	1,835.20%	3,169.50%	1,000.90%	667.30%	1,108.00%	36,542.90%	693.40%	204.60%
	217.60%	-85.00%	-12.30%	-62.80%	-48.30%	3,042.90%	-15.00%	-75.60%	—	—	—	—
	56.70%	-23.10%	-18.30%	-6.60%	-14.40%	172.60%	22.70%	-20.30%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	19.67	12.25	22.77	14.90	5.89	33.09
	1.93	1.86	1.86	2.47	1.88	1.85
	21.60	14.11	24.63	17.37	7.77	34.94
	2.52	2.10	6.19	4.35	4.38	3.07
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	0.78	0.74	0.62	0.48	1.25	0.82
	0.05	0.05	0.00	0.00	0.00	0.00
	0.00	0.01	0.01	0.01	0.01	0.01
	1.69	1.30	5.56	3.86	3.12	2.24
	19.08	12.01	18.44	13.02	3.39	31.87
	0.00	0.00	0.00	0.00	0.00	0.00
	19.08	12.01	18.44	13.02	3.39	31.87
	14.62	13.24	14.97	—	—	—
	251.53	216.01	258.00	184.87	228.43	429.09
	788.02	676.83	808.40	579.28	715.75	1,344
Key metrics
	—	—	—	13.03	3.40	31.88
	—	—	—	87.40%	57.70%	96.30%
	1,278.75%	1,763.30%	1,133.10%	1,240.70%	3,878.30%	1,296.70%
	0.46%	-46.20%	52.80%	153.00%	-82.20%	—
	1.65%	-16.30%	39.60%	-19.10%	-46.80%	—
	—	-5.75	-5.51	—	—	—
	—	-0.03	-0.02	—	—	—
	—	0.00	0.00	—	—	—
	—	-0.42	-0.49	—	—	—
Balance sheet
	—	3,769	3,541	—	—	—
	—	0.42	0.49	—	—	—
	—	0.00	—	—	—	—
	—	0.00	0.00	—	—	—
	—	3.18	3.19	—	—	—
	—	0.00	0.00	—	—	—
	—	3,766	3,540	—	—	—
Cash flow
	—	-5.75	-5.51	—	—	—
	—	7.28	4.76	—	—	—
	—	-1.60	-1.61	—	—	—
	—	0.00	0.00	—	—	—

Metric	Q1 FY27	Q4 FY26	Q3 FY26	Q2 FY26	Q1 FY26	Q4 FY25	Q3 FY25	Q2 FY25	Q1 FY25	Q4 FY24	Q3 FY24	Q2 FY24
Income statement
	10.83	0.33	5.76	44.47	3.41	2.20	6.57	40.74	6.60	0.07	7.73	30.27
	0.51	0.48	0.47	0.47	0.45	0.48	0.46	0.48	0.44	1.15	0.38	0.51
	11.34	0.81	6.23	44.94	3.86	2.68	7.03	41.22	7.04	1.22	8.11	30.78
	0.75	0.90	0.51	0.36	0.32	0.98	1.41	2.52	1.28	2.72	0.40	0.74
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.20	0.22	0.19	0.17	0.16	0.15	0.16	0.17	0.14	0.11	0.18	0.12
	0.00	0.05	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00	0.01	0.00	0.00	0.00	0.00	0.00
	0.55	0.63	0.32	0.19	0.16	0.83	1.24	2.35	1.14	2.61	0.22	0.62
	10.59	-0.09	5.72	44.58	3.54	1.70	5.62	38.70	5.76	-1.50	7.71	30.04
	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	10.59	-0.09	5.72	44.58	3.54	1.70	5.62	38.70	5.76	-1.50	7.71	30.04
	2.26	-0.17	1.16	11.37	0.88	0.42	—	—	—	—	—	—
	8.33	0.08	4.56	33.21	2.66	1.28	5.05	25.99	4.49	-1.66	6.86	23.09
	26.07	0.22	14.27	104.03	8.36	4.03	15.81	81.43	14.07	-5.21	21.46	72.36
Key metrics
	—	—	—	—	—	—	5.63	38.70	5.76	-1.50	7.71	30.04
	—	—	—	—	—	—	85.70%	95.00%	87.30%	-2,142.90%	99.70%	99.20%
	76.90%	24.20%	79.20%	74.70%	78.00%	58.20%	76.90%	63.80%	68.00%	-2,371.40%	88.70%	76.30%
	217.60%	-85.00%	-12.30%	9.20%	-48.30%	3,042.90%	-15.00%	34.60%	—	—	—	—
	213.20%	-93.80%	-9.70%	27.80%	-40.80%	177.10%	-26.40%	12.60%	—	—	—	—

Metric	TTM	FY26	FY25	FY24	FY23	FY22
Income statement
	61.39	53.97	56.11	43.98	5.89	114.98
	1.93	1.86	1.86	2.47	1.88	1.85
	63.32	55.83	57.97	46.45	7.77	116.83
	2.52	2.10	6.19	4.34	4.38	3.08
	0.00	0.00	0.00	0.00	0.00	0.00
	0.00	0.00	0.00	0.00	0.00	0.00
	0.78	0.74	0.62	0.48	1.25	0.82
	0.05	0.05	0.00	0.00	0.00	0.00
	0.00	0.01	0.01	0.01	0.01	0.01
	1.69	1.30	5.56	3.85	3.12	2.25
	60.80	53.73	51.78	42.11	3.39	113.75
	0.00	0.00	0.00	0.00	0.00	0.00
	60.80	53.73	51.78	42.11	3.39	113.75
	14.62	13.24	14.97	—	—	—
	46.18	40.49	36.81	32.75	6.90	83.36
	144.59	126.88	115.34	102.61	21.62	261.18
Key metrics
	—	—	—	42.12	3.40	113.76
	—	—	—	95.80%	57.70%	98.90%
	75.22%	75.00%	65.60%	74.50%	117.10%	72.50%
	16.01%	-3.80%	27.60%	646.70%	-94.90%	—
	32.02%	10.00%	12.40%	374.60%	-91.70%	—
	—	35.97	27.84	—	—	—
	—	0.89	0.76	—	—	—
	—	0.00	0.00	—	—	—
	—	-0.42	-0.49	—	—	—
Balance sheet
	—	989.46	940.94	—	—	—
	—	0.42	0.49	—	—	—
	—	0.00	—	—	—	—
	—	0.00	0.00	—	—	—
	—	3.18	3.19	—	—	—
	—	0.00	0.00	—	—	—
	—	985.91	940.41	—	—	—
Cash flow
	—	35.97	27.84	—	—	—
	—	-34.44	-28.59	—	—	—
	—	-1.60	-1.61	—	—	—
	—	0.00	0.00	—	—	—

Compounded growth

Standalone

Sales CAGR 3Y: +109.26%
Sales CAGR 5Y: —
Profit CAGR 3Y: +80.37%
Profit CAGR 5Y: —
Sales YoY (TTM): +16.01%
Profit YoY (TTM): +32.02%

Consolidated

Sales CAGR 3Y: +27.65%
Sales CAGR 5Y: —
Profit CAGR 3Y: -1.85%
Profit CAGR 5Y: —
Sales YoY (TTM): +0.46%
Profit YoY (TTM): +1.65%

Compounded from reported annual figures. We publish no share-price CAGR: our prices are as-traded, so one would be wrong across every split and bonus issue.

Shareholding as of 30 Sep 2026

Promoter holding: 74.89%

Holder	Type	Holding	Previous	Change
DEVAKAR INVESTMENT AND TRADING COMPANY PRIVATE LIMITED	Promoter Group	34.29%	—	—
ADISHWAR ENTERPRISES LLP	Promoter Group	32.86%	—	—
ANIL KUMAR GOEL	Public	4.79%	—	—
SEEMA GOEL	Public	2.05%	—	—
CD EQUIFINANCE PRIVATE LIMITED	Public	1.97%	—	—
SHRI PAUL OSWAL	Promoter	1.78%	—	—
FLAMINGO FINANCE AND INVESTMENT COMPANY LIMITED	Promoter Group	1.59%	—	—
SHELLY DESAI	Public	1.05%	—	—
RAMANIYA FINANCE AND INVESTMENT COMPANY LIMITED	Promoter Group	0.92%	—	—
SUCHITA JAIN	Promoter	0.89%	—	—
SHAKUN OSWAL	Promoter	0.60%	—	—
NORTHERN TRADING COMPANY	Promoter Group	0.43%	—	—
SANTON FINANCE AND INVESTMENT COMPANY LIMITED	Promoter Group	0.38%	—	—
MAHAVIR SPINNING MILLS PRIVATE LIMITED	Promoter Group	0.32%	—	—
EASTERN TRADING COMPANY	Promoter Group	0.31%	—	—

Public shareholders are disclosed individually only above 1%.

Peer comparison

Company	Mkt cap (₹ Cr)	Price (₹)	P/E	ROCE	Sales YoY	Profit YoY	1Y return
Jio Financial Services Limited	1,46,722	222.20	85.71	—	+122.66% TTM	+4.99% TTM	-26.40%
Aditya Birla Capital Ltd	1,03,935	379.60	22.08	—	+23.75% TTM	+40.82% TTM	+14.46%
Tata Investment Corporation Ltd.	28,551	564.30	71.62	—	+16.36% TTM	+13.32% TTM	-28.21%
CHOLAMANDALAM FINANCIAL HOLDINGS LIMITED	25,806	1,374.30	4.29	—	+17.83% TTM	+24.27% TTM	-31.78%
TVS Holdings Limited	24,737	12,226.65	6.36	—	—	—	-19.15%
Maharashtra Scooters Ltd. S	13,510	11,821.25	44.34	—	+0.80% TTM	-14.73% TTM	-19.60%
JSW Holdings Limited	12,153	10,949.00	60.44	—	+54.93% TTM	+61.39% TTM	-35.00%
Religare Enterprises Ltd	7,666	224.65	428.87	—	+19.12% TTM	-89.03% TTM	-14.34%
Pilani Investment And Industries Corporation Limited	4,257	3,845.10	-349.56	—	-14.64% TTM	-119.66% TTM	-26.34%
Nalwa Sons Investment Ltd	2,510	4,886.85	43.58	—	-19.75% TTM	+35.31% TTM	-28.05%
Elcid Investments Ltd.	1,968	98,400.00	12.63	—	+158.70% TTM	+105.15% TTM	-25.95%
Kalyani Investment Company Limited	1,897	4,346.25	46.70	—	+7.07% TTM	+24.09% TTM	-27.33%
Shipping Corporation of India Land and Assets Limited S	1,678	36.03	46.79	1.10%	+19.06% TTM	+118.43% TTM	-27.95%
SUMMIT SECURITIES LTD.	1,450	1,330.00	11.51	—	+29.31% TTM	+24.27% TTM	-41.53%
PNB Gilts Ltd S	1,420	78.90	7.38	—	-2.69% TTM	+7.14% TTM	-12.73%
BELDING INDIA LIMITED S	1,196	826.15	-786.81	-0.10%	-100.00% TTM	-168.02% TTM	—
Jindal Photo Limited	1,170	1,140.20	-18.84	—	+744.30% TTM	-126.89% TTM	-17.04%
Vardhman Holdings Limited	1,092	3,421.00	4.34	—	+0.46% TTM	+1.65% TTM	-17.85%
Industrial & Prudential Inv. Co. Lt	1,020	6,089.00	16.76	—	-28.28% TTM	-3.16% TTM	+1.09%
JINDAL POLY INVESTMENT AND FINANCE COMPANY LIMITED	977	929.60	1.21	—	+3,152.89% TTM	+167.19% TTM	-4.75%
STEL Holdings Limited	970	525.35	49.44	1.60%	+19.92% TTM	+21.64% TTM	+30.05%
Hexa Tradex Limited	836	151.30	-121.40	-0.10%	+0.66% TTM	+70.34% TTM	-13.07%
Welspun Investments and Commercials Ltd. S	695	1,903.00	205.89	—	+38.73% TTM	+0.60% TTM	+43.44%
BEML Land Assets Limited S	690	165.75	-16,575.00	-16.40%	—	+98.79% TTM	-20.73%
VLS Finance Limited	648	210.40	14.17	—	-65.51% TTM	+93.36% TTM	-3.04%

Filings & corporate actions

Recent announcements

Vardhman Holdings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 10/11/2026 ,inter alia, to consider and approve un-audited financial results ....4 Nov 2026 · Board Meeting / Board Meeting
Please find enclosed herewith copy of Newspaper Publication.14 Oct 2026 · Company Update / Newspaper Publication
Please find enclosed herewith Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.6 Oct 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find enclosed herewith Demat Report for the month ended 30th September, 2026.5 Oct 2026 · Company Update / General
Please find enclosed herewith intimation regarding closure of Trading Window.29 Sep 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed herewith Voting Results of the Annual General Meeting of the Company.18 Sep 2026 · AGM/EGM / AGM
Please find enclosed herewith copy of Scrutinizers Report of the Annual General Meeting of the Company.18 Sep 2026 · AGM/EGM / AGM
Please find enclosed herewith summary of Proceedings of 62nd Annual General Meeting of the Company.17 Sep 2026 · AGM/EGM / AGM
Please find enclosed herewith Demat Report for the month ended 31st August, 2026.9 Sep 2026 · Company Update / General
Please find enclosed herewith intimation regarding dispatch of letter to the Members of the Company.26 Aug 2026 · Company Update / General
Please find attached herewith copy of Newspapers publication.26 Aug 2026 · Company Update / Newspaper Publication
Please find enclosed herewith BRSR for the FY 2025-26.25 Aug 2026 · Others / Business Responsibility and Sustainability Reporting (BRSR)
Please find enclosed herewith Annual Report of the Company for the FY 2025-26.25 Aug 2026 · Others / Reg. 34 (1) Annual Report
Please find enclosed herewith Notice of AGM of the Company scheduled to be held on 17-09-2026.25 Aug 2026 · AGM/EGM / AGM
Please find enclosed herewith copy of Newspapers Publication.21 Aug 2026 · Company Update / Newspaper Publication
Please find attached herewith intimation regarding Record Date.20 Aug 2026 · Corp. Action / Record Date
Please find enclosed herewith copy of Newspaper Publication.18 Aug 2026 · Company Update / Newspaper Publication
Please find enclosed herewith copy of Newspapers Publication.7 Aug 2026 · Company Update / Newspaper Publication
Please find enclosed herewith Un-audited financial results for the quarter ended 30.06.2026.6 Aug 2026 · Result / Financial Results
Please find enclosed herewith Demat Report for the month ended 31st July, 2026.5 Aug 2026 · Company Update / General
Vardhman Holdings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 06/08/2026 ,inter alia, to consider and approve Un-audited Financial Results ....3 Aug 2026 · Board Meeting / Board Meeting
Please find attached herewith Certificate under Regulation 74(5) of SEBI (DP) Regulations, 2018.7 Jul 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find attached herewith Demat Report for the month ended 30th June, 2026.7 Jul 2026 · Company Update / General
Please find attached herewith Newspaper Notice regarding transfer of equity shares to IEPF.7 Jul 2026 · Company Update / Newspaper Publication
Please find attached herewith intimation regarding closure of Trading Window.29 Jun 2026 · Insider Trading / SAST / Closure of Trading Window
Please find attached herewith copy of Newspaper Publication.27 Jun 2026 · Company Update / Newspaper Publication
Please find attached herewith Demat Report for the Month ended 31st May, 2026.6 Jun 2026 · Company Update / General
Please find attached herewith copy of Newspapers publication of financial results for the quarter/ year ended 31.03.2026.24 May 2026 · Company Update / Newspaper Publication
Please find attached herewith Outcome of Board Meeting23 May 2026 · Board Meeting / Outcome of Board Meeting
Please find enclosed herewith Financial Results for the period ended 31.03.2026.23 May 2026 · Result / Financial Results
Vardhman Holdings Ltdhas informed BSE that the meeting of the Board of Directors of the Company is scheduled on 23/05/2026 ,inter alia, to consider and approve the Audited Financial Results ....20 May 2026 · Board Meeting / Board Meeting
Please find enclosed herewith Demat Report for the month ended 30th April, 2026.4 May 2026 · Company Update / General
Please find attached herewith Newspaper Notice regarding opening of a special window for transfer and dematerialisation of physical shares.30 Apr 2026 · Company Update / Newspaper Publication
Please find enclosed herewith the Demat Report for the month ended 31st March, 2026.8 Apr 2026 · Company Update / General
Please find enclosed herewith Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 20187 Apr 2026 · Company Update / Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
Please find attached herewith intimation regarding closure of trading window of the Company.30 Mar 2026 · Insider Trading / SAST / Closure of Trading Window
Please find enclosed herewith Demat Report for the month ended 28th February, 2026.9 Mar 2026 · Company Update / General
Please find attached herewith Newspaper notice regarding opening of Special window for transfer and dematerialisation of physical shares.20 Feb 2026 · Company Update / Newspaper Publication
Please find attached herewith newspapers publication of Financial results for the quarter/ nine months ended 31st December, 2025.11 Feb 2026 · Company Update / Newspaper Publication
Please find attached herewith intimation regarding appointment of Company Secretary and Compliance Officer.10 Feb 2026 · Company Update / Appointment of Company Secretary / Compliance Officer

Corporate actions

Purpose	Ex date	Record date	Payment date
Final Dividend - Rs. - 5.0000	28 Aug 2026	28 Aug 2026	—
Final Dividend - Rs. - 5.0000	12 Sep 2025	12 Sep 2025	—
Final Dividend - Rs. - 5.0000	6 Sep 2024	—	—

Board meetings

6 Aug 2026 Board Meeting - Financial Results