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Buy Vardhman Textiles Ltd For Target Rs. 440 - Emkay Global Financial Services For Q4FY23, Vardhman reported 6% QoQ sales growth, owing to better utilization. EBITDAM came in at ~11%, leading to 66% QoQ growth in PAT (down 53% YoY). Sales during the quarter witnessed an uptick, while normalized margin still remains elusive as India cotton is at a 10-15% premium to international cotton. Management stated that demand from China is growing. Given low cotton-yarn spread, management presently has refrained from any near-term capacity addition (this year, 1lakh spindles have ...
Buy Vardhman Textiles Ltd For Target Rs. 440 - Emkay Global Financial Services
Buy Vardhman Textiles Ltd For Target Rs. 440 - Emkay Global Financial Services
Source: Emkay Global Financial Services
18/05/2023 11:43:36 AM
Vardhman Textiles gains on planning to raise up to Rs 150 crore through NCDs Vardhman Textiles is currently trading at Rs. 314.85, up by 1.05 points or 0.33% from its previous closing of Rs. 313.80 on the BSE. The scrip opened at Rs. 316.05 and has touched a high and low of Rs. 320.80 and Rs. 313.60 respectively. So far 11292 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 2 has touched a 52 week high of Rs. 564.59 on 15-Mar-2022 and a 52 week low of Rs. 245.50 on 20-Jun-2022. Last one week high and low of the scrip stood ...
Vardhman Textiles gains on planning to raise up to Rs 150 crore through NCDs
Vardhman Textiles gains on planning to raise up to Rs 150 crore through NCDs
Source: Accord Fintech
6/03/2023 3:23:26 PM
Key Stock News - ICICI Bank, Infosys, YES Bank Ltd, Reliance Industries Ltd, Happiest Minds, Vardhman Textiles - ARETE Securities Key News ICICI Bank Q1FY23 result: Net profit increases 49.59% to Rs 6,905 crore ICICI Bank on Saturday has reported a growth of 49.59 per cent in net profit to Rs 6,904.94 crore for the quarter ending June 30, 2022 (Q1FY23) period, compared to Rs 4,616.02 crore in the corresponding period last year. The company's profit after tax (PAT), however, declined from Rs 7,018.71 crore recorded in the preceding quarter. Its net interest income (NII) rose 21 per cent year-on-year (y-o-y) to...
Key Stock News - ICICI Bank, Infosys, YES Bank Ltd, Reliance Industries Ltd, Happiest Minds, Vardhman Textiles - ARETE Securities
Key Stock News - ICICI Bank, Infosys, YES Bank Ltd, Reliance Industries Ltd, Happiest Minds, Vardhman Textiles - ARETE Securities
Source: ARETE Securities Ltd
25/07/2022 9:49:36 AM
Buy Vardhman Textiles Ltd For Target Rs.2400 - ICICI Direct Strong demand boosts operational performance … About the stock: Vardhman Textiles (VTL) (earlier known as Mahavir Spinning) is part of the Vardhman Group, a large textile conglomerate with a presence across the textile value chain. * Vardhman is among few textile companies that have been able to maintain a debt equity ratio below one despite continuous capacity addition * Healthy cash flows have enabled VTL to reduce debt by ~| 152 crore in FY21 (D/E: 0.3x in FY21). We expect ...
Buy Vardhman Textiles Ltd For Target Rs.2400 - ICICI Direct
Buy Vardhman Textiles Ltd For Target Rs.2400 - ICICI Direct
Source: ICICI Direct
22/12/2021 9:30:48 AM
Buy Vardhman Textiles Ltd For Target Rs.2771 - Monarch Networth Capital 476 Weaving a tale of golden dawn… Vardhman Textile Ltd. (VTL) is one of the largest vertically integrated Textile companies in India. The Company enjoys leadership in Yarn manufacturing with ~1.13mn spindles/664MT per day capacity. The company also manufactures Acrylic Yarn, Grey Fabric (220mn meters p.a. capacity) and Processed Fabrics (175mn meters p.a. capacity). Its wholly owned subsidiary, Vardhman Nisshinbo Garments Co Ltd has garmenting capacity of ~5000 shirts per day. We b...
Buy Vardhman Textiles Ltd For Target Rs.2771 - Monarch Networth Capital
Buy Vardhman Textiles Ltd For Target Rs.2771 - Monarch Networth Capital
Source: Monarch Networth Capital Ltd
29/11/2021 1:02:46 PM
Vardhman Textiles gains on reporting multi fold rise in Q2 consolidated net profit Vardhman Textiles is currently trading at Rs. 2010.70, up by 20.05 points or 1.01% from its previous closing of Rs. 1990.65 on the BSE. The scrip opened at Rs. 2044.95 and has touched a high and low of Rs. 2044.95 and Rs. 1970.00 respectively. So far 3419 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 2145.00 on 13-Oct-2021 and a 52 week low of Rs. 751.00 on 03-Nov-2020. Last one week high and low of the scrip...
Vardhman Textiles gains on reporting multi fold rise in Q2 consolidated net profit
Vardhman Textiles gains on reporting multi fold rise in Q2 consolidated net profit
Source: Accord Fintech
28/10/2021 10:27:18 AM
Emargin Positional Pick - Buy Vardhman Textiles Ltd For Target Rs. 2259 - HDFC Securities Emargin Positional Pick - Buy Vardhman Textiles Ltd For Target Rs. 2259 - HDFC Securities * VTL is in strong uptrend on Major time frame. After making a life high on 7 th Sep 2021 it started correcting and halted near 1771 levels which also coincide with bullish trend line. * Ascending triangle breakout has taken place on daily chart suggest the uptrend could continue. * Today stock has broken out from tight range of consolidation with volumes. * It a...
Emargin Positional Pick - Buy Vardhman Textiles Ltd For Target Rs. 2259 - HDFC Securities
Emargin Positional Pick - Buy Vardhman Textiles Ltd For Target Rs. 2259 - HDFC Securities
Source: HDFC Securities Ltd
12/10/2021 12:39:19 PM
Buy Vardhman Textiles Ltd For Target Rs.2240 - ICICI Direct Strong margin performance continues… About the stock: Vardhman Textiles (VTL) (earlier known as Mahavir Spinning) is part of the Vardhman Group, a large textile conglomerate with a presence across the textile value chain. * Vardhman is among few textile companies that have been able to maintain a debt equity ratio below one despite continuous capacity addition * Healthy cash flows have enabled VTL to reduce debt by ~| 152 crore in FY21 (D/E: 0.3x in FY21). We expect a further ...
Buy Vardhman Textiles Ltd For Target Rs.2240 - ICICI Direct
Buy Vardhman Textiles Ltd For Target Rs.2240 - ICICI Direct
Source: ICICI Direct
4/09/2021 10:57:09 AM
Buy Vardhman Textiles Ltd : Strong margin performance to sustain - ICICI Direct Buy Vardhman Textiles Ltd For Target Rs.1510 Strong margin performance to sustain… Vardhman Textiles’ (VTL) reported an improved performance both in terms of revenue growth and profitability. Revenues for Q4FY21 grew 22% YoY to | 1947 crore. Gross margin expansion of 459 bps YoY to 53.1% and lower power cost (down 146 bps YoY to 9.6%) enabled EBITDA margin expansion of 610 bps to 20.2%. EBITDA was up 75% YoY to | 394 crore. Consequently, PAT grew 72% to | 250 crore. Both...
Buy Vardhman Textiles Ltd : Strong margin performance to sustain - ICICI Direct
Buy Vardhman Textiles Ltd : Strong margin performance to sustain - ICICI Direct
Source: ICICI Direct
1/07/2021 12:18:25 PM
Buy Vardhman Textiles Ltd For Target Rs.1,350 - HDFC Securities Our Take:   Star Cement Ltd (SCL) is a dominant player in the North-East region with ~25% market share. It has 5.69 MTPA of cement capacity, 3 MTPA of clinker capacity and a 51-MW captive coal-based power plant. The company has been focusing on increasing its captive power plant capacity, which should improve its operating efficiency. We believe that it has a strong, sustainable competitive advantage in the North East region, as entry of outside players in this market is limited. ...
Buy Vardhman Textiles Ltd For Target Rs.1,350 - HDFC Securities
Buy Vardhman Textiles Ltd For Target Rs.1,350 - HDFC Securities
Source: HDFC Securities Ltd
1/04/2021 10:45:28 AM