Vardhman Textiles Limited (VTL) - Net Assets

Latest as of March 2026: Rs105.88 Billion INR ≈ $1.15 Billion USD

Based on the latest financial reports, Vardhman Textiles Limited (VTL) has net assets worth Rs105.88 Billion INR (≈ $1.15 Billion USD) as of March 2026. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs138.66 Billion ≈ $1.50 Billion USD) and total liabilities (Rs32.78 Billion ≈ $354.48 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 VTL goodwill-adjusted equity ratio to evaluate the tangible quality of the company's equity base.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs105.88 Billion
% of Total Assets	76.36%
Annual Growth Rate	12.75%
5-Year Change	35.03%
10-Year Change	141.43%
Growth Volatility	8.0

Vardhman Textiles Limited - Net Assets Trend (2005–2026)

This chart illustrates how Vardhman Textiles Limited's net assets have evolved over time, based on quarterly financial data. See Vardhman Textiles Limited (VTL) liquidity interval to measure how many days the company can operate on defensive assets alone.

Annual Net Assets for Vardhman Textiles Limited (2005–2026)

The table below shows the annual net assets of Vardhman Textiles Limited from 2005 to 2026. For live valuation and market cap data, see Vardhman Textiles Limited (VTL) market capitalisation.

Year	Net Assets	Change
2026-03-31	Rs105.88 Billion ≈ $1.15 Billion	+6.24%
2025-03-31	Rs99.66 Billion ≈ $1.08 Billion	+8.46%
2024-03-31	Rs91.88 Billion ≈ $993.65 Million	+6.20%
2023-03-31	Rs86.52 Billion ≈ $935.68 Million	+10.34%
2022-03-31	Rs78.41 Billion ≈ $848.01 Million	+18.68%
2021-03-31	Rs66.07 Billion ≈ $714.53 Million	+7.11%
2020-03-31	Rs61.69 Billion ≈ $667.10 Million	+8.13%
2019-03-31	Rs57.05 Billion ≈ $616.93 Million	+12.68%
2018-03-31	Rs50.62 Billion ≈ $547.49 Million	+15.44%
2017-03-31	Rs43.85 Billion ≈ $474.27 Million	+3.97%
2016-03-31	Rs42.18 Billion ≈ $456.17 Million	+10.53%
2015-03-31	Rs38.16 Billion ≈ $412.72 Million	+8.16%
2014-03-31	Rs35.28 Billion ≈ $381.58 Million	+23.28%
2013-03-31	Rs28.62 Billion ≈ $309.51 Million	+12.33%
2012-03-31	Rs25.48 Billion ≈ $275.54 Million	-1.18%
2011-03-31	Rs25.78 Billion ≈ $278.84 Million	+37.43%
2010-03-31	Rs18.76 Billion ≈ $202.90 Million	+16.39%
2009-03-31	Rs16.12 Billion ≈ $174.32 Million	+20.24%
2008-03-31	Rs13.41 Billion ≈ $144.98 Million	+14.95%
2007-03-31	Rs11.66 Billion ≈ $126.12 Million	+14.57%
2006-03-31	Rs10.18 Billion ≈ $110.08 Million	+19.49%
2005-03-31	Rs8.52 Billion ≈ $92.13 Million	--

Equity Component Analysis

This analysis shows how different components contribute to Vardhman Textiles 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 decreased by 100.0% over the analyzed period, potentially due to dividend distributions or operating losses.

Current Equity Component Breakdown (March 2026)

Component	Amount	Percentage
Common Stock	Rs569.20 Million	0.54%
Other Components	Rs104.57 Billion	99.46%
Total Equity	Rs105.14 Billion	100.00%

Vardhman Textiles Limited Competitors by Market Cap

The table below lists competitors of Vardhman Textiles Limited ranked by their market capitalization.

Company	Market Cap
Zhongfu Straits Pingtan Development Co Ltd SHE:000592	$2.07 Billion
REMY UNSP.ADR 1/10/EO 16 F:RMC0	$2.07 Billion
Worthington Steel Inc NYSE:WS	$2.07 Billion
Dentsply Sirona Inc NASDAQ:XRAY	$2.07 Billion
BM EUROP.UNSP.ADR /4 F:BMNU	$2.07 Billion
Huizhou Speed Wireless Technology Co Ltd SHE:300322	$2.07 Billion
Pegasus Hava Tasimaciligi AS IS:PGSUS	$2.07 Billion
Mobileye Global Inc. Class A Common Stock NASDAQ:MBLY	$2.07 Billion

Equity Growth Attribution

This analysis shows how different factors contributed to changes in Vardhman Textiles Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2025 to 2026, total equity changed from 98,960,200,000 to 105,137,400,000, a change of 6,177,200,000 (6.2%).
Net income of 7,452,500,000 contributed positively to equity growth.
Dividend payments of 1,457,800,000 reduced retained earnings.
New share issuances of 45,500,000 increased equity.
Other comprehensive income decreased equity by 15,843,300,000.
Other factors increased equity by 15,980,300,000.

Equity Change Factors (2025 to 2026)

Factor	Impact	Contribution
Net Income	Rs7.45 Billion	+7.09%
Dividends Paid	Rs1.46 Billion	-1.39%
Share Issuances	Rs45.50 Million	+0.04%
Other Comprehensive Income	Rs-15.84 Billion	-15.07%
Other Changes	Rs15.98 Billion	+15.2%
Total Change	Rs-	6.24%

Book Value vs Market Value Analysis

This analysis compares Vardhman Textiles 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: 1.79x
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 50.72x to 1.79x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2005-03-31	Rs13.04	Rs661.40	x
2006-03-31	Rs16.90	Rs661.40	x
2007-03-31	Rs22.25	Rs661.40	x
2008-03-31	Rs28.09	Rs661.40	x
2009-03-31	Rs36.67	Rs661.40	x
2010-03-31	Rs56.65	Rs661.40	x
2011-03-31	Rs79.60	Rs661.40	x
2012-03-31	Rs77.58	Rs661.40	x
2013-03-31	Rs80.18	Rs661.40	x
2014-03-31	Rs100.20	Rs661.40	x
2015-03-31	Rs107.98	Rs661.40	x
2016-03-31	Rs126.30	Rs661.40	x
2017-03-31	Rs142.04	Rs661.40	x
2018-03-31	Rs176.39	Rs661.40	x
2019-03-31	Rs196.19	Rs661.40	x
2020-03-31	Rs212.48	Rs661.40	x
2021-03-31	Rs227.45	Rs661.40	x
2022-03-31	Rs271.04	Rs661.40	x
2023-03-31	Rs300.96	Rs661.40	x
2024-03-31	Rs319.82	Rs661.40	x
2025-03-31	Rs347.82	Rs661.40	x
2026-03-31	Rs369.34	Rs661.40	x

Capital Efficiency Dashboard

This dashboard shows how efficiently Vardhman Textiles 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): 7.09%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 7.55%
• Asset Turnover: 0.71x
• Equity Multiplier: 1.32x
Recent ROE (7.09%) is below the historical average (14.09%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2005	15.91%	7.05%	1.02x	2.21x	Rs497.96 Million
2006	20.17%	10.42%	0.80x	2.42x	Rs1.02 Billion
2007	16.51%	8.83%	0.65x	2.88x	Rs749.29 Million
2008	10.93%	5.78%	0.57x	3.33x	Rs117.55 Million
2009	13.86%	6.46%	0.64x	3.36x	Rs533.82 Million
2010	18.85%	9.02%	0.66x	3.17x	Rs1.42 Billion
2011	25.07%	12.84%	0.72x	2.70x	Rs3.41 Billion
2012	7.63%	3.63%	0.78x	2.70x	Rs-523.16 Million
2013	14.22%	7.17%	0.73x	2.71x	Rs1.06 Billion
2014	22.94%	11.65%	0.78x	2.51x	Rs4.05 Billion
2015	11.86%	5.90%	0.92x	2.19x	Rs626.81 Million
2016	15.98%	10.49%	0.75x	2.03x	Rs2.30 Billion
2017	22.97%	16.36%	0.80x	1.76x	Rs5.54 Billion
2018	11.73%	9.31%	0.76x	1.66x	Rs858.20 Million
2019	13.07%	10.62%	0.76x	1.61x	Rs1.72 Billion
2020	9.55%	8.57%	0.72x	1.55x	Rs-272.68 Million
2021	6.40%	6.75%	0.64x	1.49x	Rs-2.33 Billion
2022	20.08%	16.08%	0.88x	1.43x	Rs7.77 Billion
2023	9.29%	7.84%	0.89x	1.32x	Rs-611.84 Million
2024	6.94%	6.65%	0.79x	1.32x	Rs-2.78 Billion
2025	8.93%	9.03%	0.79x	1.26x	Rs-1.06 Billion
2026	7.09%	7.55%	0.71x	1.32x	Rs-3.06 Billion

Industry Comparison

This section compares Vardhman Textiles Limited's net assets metrics with peer companies in the Textile Manufacturing industry.

Industry Context

Industry: Textile Manufacturing
Average net assets among peers: $3,942,616,760
Average return on equity (ROE) among peers: 0.23%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
Vardhman Textiles Limited (VTL)	Rs105.88 Billion	15.91%	0.31x	$2.07 Billion
Aarvee Denims & Exports Limited (AARVEEDEN)	$1.62 Billion	1.43%	1.92x	$38.07 Million
Akshar Spintex Limited (AKSHAR)	$315.43 Million	8.17%	1.61x	$3.83 Million
Alok Industries Limited (ALOKINDS)	$28.60 Billion	3.25%	6.40x	$710.41 Million
Alps Industries Limited (ALPSINDUS)	$-7.14 Billion	0.00%	0.00x	$1.45 Million
Axita Cotton Limited (AXITA)	$178.00 Million	2.59%	1.15x	$31.78 Million
AYM Syntex Limited (AYMSYNTEX)	$3.58 Billion	3.94%	1.33x	$137.31 Million
Banswara Syntex Limited (BANSWRAS)	$1.62 Billion	29.03%	4.55x	$49.71 Million
Bannari Amman Spinning Mills Limited (BASML)	$3.38 Billion	-3.26%	2.30x	$21.43 Million
Bombay Dyeing & Mfg Company Limited (BOMDYEING)	$3.70 Billion	-52.54%	5.56x	$298.05 Million
Cheviot Company Limited (CHEVIOT)	$3.57 Billion	9.69%	0.11x	$70.36 Million

About Vardhman Textiles Limited

NSE:VTL India Textile Manufacturing

Market Cap

$2.07 Billion

Rs191.33 Billion INR

Market Cap Rank

#6215 Global

#274 in India

Share Price

Rs661.40

Change (1 day)

+5.63%

52-Week Range

Rs390.25 - Rs661.40

All Time High

Rs661.40