Last 491.95 INR
Change Today -4.00 / -0.81%
Volume 176.5K
VTEX On Other Exchanges
Symbol
Exchange
Natl India
As of 2:47 AM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

vardhman textiles ltd (VTEX) Snapshot

Open
497.85
Previous Close
495.95
Day High
509.00
Day Low
491.00
52 Week High
07/7/14 - 536.00
52 Week Low
07/31/13 - 271.00
Market Cap
31.4B
Average Volume 10 Days
118.0K
EPS TTM
112.86
Shares Outstanding
63.6M
EX-Date
--
P/E TM
4.4x
Dividend
6.00
Dividend Yield
1.22%
Current Stock Chart for VARDHMAN TEXTILES LTD (VTEX)

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vardhman textiles ltd (VTEX) Details

Vardhman Textiles Limited engages in the manufacture and sale of textile products in India. The company offers various yarns comprising greige and dyed yarns in cotton, polyester, acrylic, and various blends, as well as value added products, such as organic cotton, melange, lycra, ultra yarns, gassed mercerized, fine yarns, and fancy yarns for hand knitting. It also provides a range of fabrics for shirting and trousers; garments; threads made from cotton, polyester, core spun, nylon, and filaments; and acrylic fibers for various textile applications. Vardhman Textiles Limited also exports its products primarily to the United States, Canada, China, Japan, Korea, Mexico, Brazil, Mauritius, the Middle East, and the European Economic Community. The company was formerly known as Mahavir Spinning Mills Limited and changed its name to Vardhman Textiles Limited in September 2006. Vardhman Textiles Limited was incorporated in 1973 and is based in Ludhiana, India.

Founded in 1973

vardhman textiles ltd (VTEX) Top Compensated Officers

Executive Chairman and Managing Director
Total Annual Compensation: 4.2M
Chief Financial Officer, Executive Director a...
Total Annual Compensation: 1.4M
Executive Director and Member of Share Holder...
Total Annual Compensation: 2.4M
Executive Director
Total Annual Compensation: 1.7M
Compensation as of Fiscal Year 2013.

vardhman textiles ltd (VTEX) Key Developments

Vardhman Textiles Limited Reports Production and Sales Results for the Fourth Quarter and Full Fiscal Year of 2014

Vardhman Textiles Limited reported production and sales results for the fourth quarter and full fiscal year of 2014. For the quarter, the company’s production of yarn was 44,238 metric tons against 38,529 metric tons for the same period a year ago. Production of grey fabric was 43.9 million meters against 34.9 million meters for the same period a year ago. Processed fabric was 26.5 million meters against 26.3 million meters for the same period a year ago. For the year, the company’s production of yarn was 167,972 metric tons against 148,553 metric tons for the same period a year ago. Production of grey fabric was 154.4 million meters against 119.8 million meters for the same period a year ago. Processed fabric was 107.8 million meters against 91.5 million meters for the same period a year ago. For the quarter, the company’s sale of yarn (including internal transfers) was 40,427 metric tons against 40,733 metric tons for the same period a year ago. Sale of grey fabric (including internal transfers) was 41.1 million metric tons against 33.8 million meters for the same period a year ago. Sale of processed fabric was 27.1 million meters against 26.0 million meters for the same period a year ago. For the year, the company’s sale of yarn (including internal transfers) was 163,989 metric tons against 148,931 metric tons for the same period a year ago. Sale of grey fabric (including internal transfers) was 151.4 million metric tons against 119.4 million meters for the same period a year ago. Sale of processed fabric was 106.5 million meters against 89.2 million meters for the same period a year ago.

Vardhman Textiles Ltd Recommends Dividend and Special Dividend, Payable by the End of September 2014

Vardhman Textiles Ltd. announced that the board of directors of the company at its meeting held on May 23, 2014, recommended a dividend of INR 6/- per share on fully paid up equity shares of the company. In addition the board has also recommended a special dividend of INR 5/- per share on fully paid up equity shares of the company on occasion of Golden Jubilee Year of commencement of operations of the group. The dividend shall be paid tentatively by the end of September 2014.

Vardhman Textiles Limited Reports Audited Standalone Earnings Results for the Fourth Quarter and Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2014

Vardhman Textiles Limited reported audited standalone earnings results for the fourth quarter and standalone and consolidated earnings results for the full year ended March 31, 2014. For the quarter, the company reported net sales of INR 12,822.2 million against INR 11,262.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,501.0 million against profit from operations before other income, finance costs and exceptional items of INR 2,052.3 million a year ago. Profit from ordinary activities before tax was INR 2,058.2 million against profit from ordinary activities before tax of INR 1,623.6 million a year ago. Net profit for the period was INR 1,543.2 million or INR 24.25 per basic and diluted share against net profit for the period of INR 1,152.5 million or INR 18.11 per basic and diluted share a year ago. For the full year, on standalone basis, the company reported net sales of INR 51,713.1 million against INR 41,597.1 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 10,206.9 million against profit from operations before other income, finance costs and exceptional items of INR 6,217.3 million a year ago. Profit from ordinary activities before tax was INR 8,793.8 million against profit from ordinary activities before tax of INR 4,548.3 million a year ago. Net profit for the period was INR 6,518.8 million or INR 102.42 per basic and diluted share against net profit for the period of INR 3,237.2 million or INR 50.86 per basic and diluted share a year ago. For the full year, on consolidated basis, the company reported net sales of INR 61,664.3 million against INR 49,720.7 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 12,016.9 million against profit from operations before other income, finance costs and exceptional items of INR 7,283.3 million a year ago. Profit from ordinary activities before tax was INR 10,505.7 million against profit from ordinary activities before tax of INR 5,512.4 million a year ago. Net profit for the period was INR 7,684.7 million against net profit for the period of INR 3,830.2 million a year ago.

 

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