Vardhman Acrylics Limited (VARDHACRLC) - Net Assets
Based on the latest financial reports, Vardhman Acrylics Limited (VARDHACRLC) has net assets worth Rs2.31 Billion INR (≈ $24.97 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs3.39 Billion ≈ $36.64 Million USD) and total liabilities (Rs1.08 Billion ≈ $11.67 Million USD). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off. Check VARDHACRLC asset resilience ratio to evaluate the company's liquid asset resilience ratio.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | Rs2.31 Billion |
| % of Total Assets | 68.15% |
| Annual Growth Rate | 1.58% |
| 5-Year Change | -40.09% |
| 10-Year Change | -24.91% |
| Growth Volatility | 15.14 |
Vardhman Acrylics Limited - Net Assets Trend (2010–2025)
This chart illustrates how Vardhman Acrylics Limited's net assets have evolved over time, based on quarterly financial data. Also explore total assets of Vardhman Acrylics Limited for the complete picture of this company's asset base.
Annual Net Assets for Vardhman Acrylics Limited (2010–2025)
The table below shows the annual net assets of Vardhman Acrylics Limited from 2010 to 2025. For live valuation and market cap data, see VARDHACRLC stock market capitalisation.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | Rs2.39 Billion ≈ $25.81 Million |
-1.78% |
| 2024-03-31 | Rs2.43 Billion ≈ $26.28 Million |
-0.97% |
| 2023-03-31 | Rs2.45 Billion ≈ $26.53 Million |
+15.56% |
| 2022-03-31 | Rs2.12 Billion ≈ $22.96 Million |
-46.70% |
| 2021-03-31 | Rs3.98 Billion ≈ $43.08 Million |
+12.08% |
| 2020-03-31 | Rs3.55 Billion ≈ $38.44 Million |
+6.52% |
| 2019-03-31 | Rs3.34 Billion ≈ $36.08 Million |
+4.47% |
| 2018-03-31 | Rs3.19 Billion ≈ $34.54 Million |
+8.11% |
| 2017-03-31 | Rs2.95 Billion ≈ $31.95 Million |
-7.05% |
| 2016-03-31 | Rs3.18 Billion ≈ $34.37 Million |
-1.09% |
| 2015-03-31 | Rs3.21 Billion ≈ $34.75 Million |
+6.72% |
| 2014-03-31 | Rs3.01 Billion ≈ $32.56 Million |
+16.05% |
| 2013-03-31 | Rs2.59 Billion ≈ $28.06 Million |
+3.44% |
| 2012-03-31 | Rs2.51 Billion ≈ $27.12 Million |
+10.82% |
| 2011-03-31 | Rs2.26 Billion ≈ $24.48 Million |
+19.95% |
| 2010-03-31 | Rs1.89 Billion ≈ $20.41 Million |
-- |
Equity Component Analysis
This analysis shows how different components contribute to Vardhman Acrylics Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have grown by 83.9% over the analyzed period, indicating profitable operations and earnings retention.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Retained Earnings | Rs1.29 Billion | 54.01% |
| Common Stock | Rs803.60 Million | 33.67% |
| Other Comprehensive Income | Rs293.89 Million | 12.31% |
| Other Components | Rs2.00K | 0.00% |
| Total Equity | Rs2.39 Billion | 100.00% |
Vardhman Acrylics Limited Competitors by Market Cap
The table below lists competitors of Vardhman Acrylics Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
RHYTHM Biosciences Ltd
AU:RHY
|
$32.49 Million |
|
Labiana Health S.A.
MC:LAB
|
$32.50 Million |
|
Impresa - Sociedade Gestora de Participações Sociais S.A
LS:IPR
|
$32.51 Million |
|
Avrupa Yatirim Holding AS
IS:AVHOL
|
$32.52 Million |
|
EasyJet PLC
LSE:EZJ
|
$32.47 Million |
|
Far East Gold Ltd
AU:FEG
|
$32.46 Million |
|
Profoto Holding AB
ST:PRFO
|
$32.46 Million |
|
Mega Matrix Corp.
NYSE MKT:MPU
|
$32.46 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in Vardhman Acrylics Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,429,751,000 to 2,386,500,000, a change of -43,251,000 (-1.8%).
- Net income of 118,300,000 contributed positively to equity growth.
- Dividend payments of 161,100,000 reduced retained earnings.
- Other comprehensive income decreased equity by 401,314,001.
- Other factors increased equity by 400,863,001.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | Rs118.30 Million | +4.96% |
| Dividends Paid | Rs161.10 Million | -6.75% |
| Other Comprehensive Income | Rs-401.31 Million | -16.82% |
| Other Changes | Rs400.86 Million | +16.8% |
| Total Change | Rs- | -1.78% |
Book Value vs Market Value Analysis
This analysis compares Vardhman Acrylics Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 1.27x
- The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
- The price-to-book ratio has decreased from 2.15x to 1.27x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2010-03-31 | Rs17.38 | Rs37.37 | x |
| 2011-03-31 | Rs20.85 | Rs37.37 | x |
| 2012-03-31 | Rs23.11 | Rs37.37 | x |
| 2013-03-31 | Rs25.30 | Rs37.37 | x |
| 2014-03-31 | Rs32.34 | Rs37.37 | x |
| 2015-03-31 | Rs34.55 | Rs37.37 | x |
| 2016-03-31 | Rs34.17 | Rs37.37 | x |
| 2017-03-31 | Rs32.00 | Rs37.37 | x |
| 2018-03-31 | Rs39.74 | Rs37.37 | x |
| 2019-03-31 | Rs41.52 | Rs37.37 | x |
| 2020-03-31 | Rs44.23 | Rs37.37 | x |
| 2021-03-31 | Rs49.57 | Rs37.37 | x |
| 2022-03-31 | Rs26.42 | Rs37.37 | x |
| 2023-03-31 | Rs30.53 | Rs37.37 | x |
| 2024-03-31 | Rs30.23 | Rs37.37 | x |
| 2025-03-31 | Rs29.46 | Rs37.37 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently Vardhman Acrylics Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 4.96%
- The company may be facing challenges in efficiently utilizing shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 4.20%
- • Asset Turnover: 0.81x
- • Equity Multiplier: 1.46x
- Recent ROE (4.96%) is below the historical average (11.82%), suggesting potential challenges in capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2010 | 23.02% | 16.06% | 1.09x | 1.31x | Rs245.73 Million |
| 2011 | 16.63% | 9.44% | 1.47x | 1.20x | Rs150.09 Million |
| 2012 | 9.76% | 6.28% | 1.27x | 1.22x | Rs-5.92 Million |
| 2013 | 9.41% | 5.59% | 1.37x | 1.23x | Rs-15.40 Million |
| 2014 | 14.50% | 9.32% | 1.22x | 1.28x | Rs135.62 Million |
| 2015 | 10.40% | 6.71% | 1.16x | 1.34x | Rs12.90 Million |
| 2016 | 12.83% | 9.90% | 1.04x | 1.24x | Rs89.83 Million |
| 2017 | 13.91% | 12.19% | 0.80x | 1.43x | Rs115.64 Million |
| 2018 | 12.08% | 12.08% | 0.77x | 1.29x | Rs66.34 Million |
| 2019 | 10.34% | 8.80% | 0.86x | 1.36x | Rs11.22 Million |
| 2020 | 13.02% | 13.84% | 0.74x | 1.28x | Rs107.22 Million |
| 2021 | 10.77% | 15.34% | 0.58x | 1.22x | Rs30.79 Million |
| 2022 | 6.86% | 4.80% | 1.00x | 1.42x | Rs-66.72 Million |
| 2023 | 13.39% | 7.71% | 1.25x | 1.39x | Rs83.23 Million |
| 2024 | 7.22% | 5.91% | 0.91x | 1.35x | Rs-67.62 Million |
| 2025 | 4.96% | 4.20% | 0.81x | 1.46x | Rs-120.35 Million |
Industry Comparison
This section compares Vardhman Acrylics Limited's net assets metrics with peer companies in the Textile Manufacturing industry.
Industry Context
- Industry: Textile Manufacturing
- Average net assets among peers: $-11,328,224,579
- Average return on equity (ROE) among peers: 5.16%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| Vardhman Acrylics Limited (VARDHACRLC) | Rs2.31 Billion | 23.02% | 0.47x | $32.48 Million |
| Aarvee Denims & Exports Limited (AARVEEDEN) | $2.72 Billion | 2.06% | 2.38x | $38.07 Million |
| Akshar Spintex Limited (AKSHAR) | $194.97 Million | -2.63% | 2.61x | $4.09 Million |
| Alok Industries Limited (ALOKINDS) | $-123.08 Billion | 0.00% | 0.00x | $740.48 Million |
| Alps Industries Limited (ALPSINDUS) | $-7.74 Billion | 0.00% | 0.00x | $1.45 Million |
| Axita Cotton Limited (AXITA) | $25.59 Million | 2.29% | 4.18x | $30.46 Million |
| AYM Syntex Limited (AYMSYNTEX) | $3.03 Billion | 1.94% | 1.66x | $147.81 Million |
| Banswara Syntex Limited (BANSWRAS) | $2.48 Billion | 10.96% | 3.19x | $43.60 Million |
| Bannari Amman Spinning Mills Limited (BASML) | $2.08 Billion | 18.68% | 3.00x | $21.26 Million |
| Bombay Dyeing & Mfg Company Limited (BOMDYEING) | $4.65 Billion | 13.20% | 1.47x | $252.53 Million |
| Cheviot Company Limited (CHEVIOT) | $2.36 Billion | 5.07% | 0.09x | $74.09 Million |
About Vardhman Acrylics Limited
Vardhman Acrylics Limited manufactures and supplies acrylic fibers and tows in India. It offers its products under the Varlan brand name. The company was incorporated in 1990 and is headquartered in Ludhiana, India. Vardhman Acrylics Limited is a subsidiary of Vardhman Textiles Limited.