![2. Balance sheet
BALANCE SHEET OF
VARDHMAN TEXTILE (in
Rs.Cr)
MAR-21 MAR-20 MAR-19
12 Month 12 Month 12 Month
EQUITIES AND
LIABILITES
SHAREHOLDER’S FUNDS
Equity Share Capital 56.56 56.52 56.48
TOTAL SHARE CAPITAL 56.56 56.52 56.48
Reserves and Surplus 6417.31 5976.64 5518.64
TOTAL RESERVES AND
SURPLUS
6417.31 5976.64 5518.64
TOTAL SHAREHOLDERS
FUND
6473.87 6047.87 5590.35
Minority Interest 133.20 120.64 113.07
NON-CURRENT
LIABLITIES
Long Term Borrowings 1296.60 1266.14 1088.79
Deferred Tax Liabilities [Net] 256.91 243.49 323.31
Other Long Term Liabilities 20.80 23.71 25.15
Long Term Provisions 16.96 16.17 12.36
TOTAL NON-CURRENT
LIABILITIES
1591.27 1549.51 1449.61
CURRENT LIABILITIES
Short Term Borrowings 551.63 736.92 886.42
Trade Payables 299.26 357.21 315.57
Other Current Liabilities 575.05 538.75 657.12
Short Term Provisions 2.70 2.62 2.95
TOTAL CURRENT
LIABILITIES
1428.64 1635.50 1862.06
TOTAL CAPITAL AND
LIABILITIES
9626.98 9353.52 9016.22
ASSETS](https://image.slidesharecdn.com/vardhmantextile-210801154648/85/Vardhman-textile-basic-information-6-320.jpg)
![NON-CURRENTS ASSETS
Tangible Assets 3604.53 3613.48 3186.24
Intangible Assets 0.00 2.45 2.35
Capital Work-In-Progress 0.00 141.64 273.68
FIXED ASSETS 3604.53 3757.57 3462.27
Non-Current Investment 566.86 572.53 753.36
Deferred Tax Assets [Net] 0.00 0.00 0.00
Long Term Loans And
Advances
1.37 1.48 0.73
Other Non-Current Assets 239.51 126.9 106.37
TOTAL NON-CURRENT
ASSETS
4424.77 4470.98 4335.23
CURRENT ASSETS
Current Investments 507.67 572.38 592.37
Inventories 2796.05 2681.05 2610.25
Trade Receivables 1038.62 821 803.08
Cash And Cash Equivalents 211.5 279.89 43.85
Short Term Loans And
Advances
1.34 2.82 17.69
OtherCurrentAssets 647.03 525.4 613.75
TOTAL CURRENT
ASSETS
5202.21 4882.54 4680.99
TOTAL ASSETS 9626.98 9353.52 9016.22](https://image.slidesharecdn.com/vardhmantextile-210801154648/85/Vardhman-textile-basic-information-7-320.jpg)
Vardhman textile. basic information
- 1. VARDHMAN TEXTILE NAME: TALAVIYA DHAVAL L. DIV:3 ROLL NO:193 SUB:SUMER INTERSHIP PROJECT(SIP)
- 2. Chapter- 2 Company Profile:- 1. Name :. Vardhman Textile Limited. 2. Location of company :. Vardhman Primises, Chandigarh Road, Ludhiana - India 3. Year of establishment :. 8 October, 1973 4. Name of founders :. Shri Paul Oswal 5.Brief History :- Vardhman Textiles Limited (formerly Mahavir Spinning Mills Limited) was incorporated in the year October 08 1973. The Company is one of the leading textile manufacturers of India having its presence across a wide spectrum from manufacturing yarns to fabric. The Company is engaged in manufacturing of cotton yarn synthetic yarn and woven fabric. The Company expanded its product offerings and entered into strategic alliance with leading global textile players to gain access to state-of-the-art technologies. Yarn constitutes the largest business for Vardhman Textiles with over 11 lakhs spindles and has a capacity to manufacture over 588 MT of yarn per day. Vardhman Textiles is one of the very few vertically integrated fabric manufacturers in India producing fabrics for both tops and bottoms in the apparel segment serving large retailers across USA Europe Asia and other emerging nations.
- 3. The company's fabric division has a weaving capacity above 180 million meters per annum and processing capacity of over 140 million meters per annum across a wide specialty fabrics' range. Vardhman Textiles has expansive manufacturing setup spanning 22 units across 6 states in India Vardhman Textiles, exports its products to more than 25 countries and has a strong presence in markets like the EEC, USA, Canada, China, Japan, Korea, Mexico, Brazil and Mauritius, Middle East. 6.VISSION:. Rooted in Values, Creating World Class Textiles 7.Mission :. The Vardhman Group aims to be world class textile organisation producing diverse range of products for the global textiles market. We seek to achievecustomer delight through excellence in 8.Values :. Faith in the bright future of Indian textiles and hence continued expansion in areas that we know best Total customer focus in all operational areas Offer products of best available quality for premium market segments through TPM and Zero-Defect implementation in all functional areas Global orientation targeting sizeable percentage of production for exports . 9.SWOT Analysis Current period :. STRENGTH:- Consistent Highest Return Stocks over Five Years - Nifty500 Growth in Net Profit with increasing Profit Margin (QoQ) Company with Low Debt Increasing Revenue every quarter for the past 3 quarters
- 4. WEAKNESS:- Annual net profit declining for last 2 years Degrowth in Revenue and Profit Low Piotroski Score : Companies with weak financials OPPORTUNITIES:- Rising Delivery Percentage Compared to Prev Day Brokers upgraded recommendation or target price in the past three months Insiders bought stocks Stocks that Benefit from Lower Crude Oil Prices Key Statistics :. Rs. 6,325 CRORE - Revenue from operations Rs. 1,055 CRORE – EBITDA 21,349 - Permanent Employees 62.20% - Promoter stake 17 - State-of-the art manufacturing facilities 58 - Countries we are present across the globe
- 5. Chapter -3 Financial Department Finance Department 1.Trading and P&L account PARTICULARS 2021 MARCH 2020 MARCH 2019 MARCH SALES 5787 6325 6414 EXPENSES 5048 5442 5283 OPERATING PROFIT 739 883 1131 OPERATING PROFIT 189 172 218 INTEREST 111 133 118 DEPRECIATION 350 319 241 PROFIT BEFORE TAX 538 643 1043 TAX 116 57 295 NET PROFIT 402 579 725 EPS IN RS. 61 95 121 DIVIDEND PAYOUT % 0 0 126.74
- 6. 2. Balance sheet BALANCE SHEET OF VARDHMAN TEXTILE (in Rs.Cr) MAR-21 MAR-20 MAR-19 12 Month 12 Month 12 Month EQUITIES AND LIABILITES SHAREHOLDER’S FUNDS Equity Share Capital 56.56 56.52 56.48 TOTAL SHARE CAPITAL 56.56 56.52 56.48 Reserves and Surplus 6417.31 5976.64 5518.64 TOTAL RESERVES AND SURPLUS 6417.31 5976.64 5518.64 TOTAL SHAREHOLDERS FUND 6473.87 6047.87 5590.35 Minority Interest 133.20 120.64 113.07 NON-CURRENT LIABLITIES Long Term Borrowings 1296.60 1266.14 1088.79 Deferred Tax Liabilities [Net] 256.91 243.49 323.31 Other Long Term Liabilities 20.80 23.71 25.15 Long Term Provisions 16.96 16.17 12.36 TOTAL NON-CURRENT LIABILITIES 1591.27 1549.51 1449.61 CURRENT LIABILITIES Short Term Borrowings 551.63 736.92 886.42 Trade Payables 299.26 357.21 315.57 Other Current Liabilities 575.05 538.75 657.12 Short Term Provisions 2.70 2.62 2.95 TOTAL CURRENT LIABILITIES 1428.64 1635.50 1862.06 TOTAL CAPITAL AND LIABILITIES 9626.98 9353.52 9016.22 ASSETS
- 7. NON-CURRENTS ASSETS Tangible Assets 3604.53 3613.48 3186.24 Intangible Assets 0.00 2.45 2.35 Capital Work-In-Progress 0.00 141.64 273.68 FIXED ASSETS 3604.53 3757.57 3462.27 Non-Current Investment 566.86 572.53 753.36 Deferred Tax Assets [Net] 0.00 0.00 0.00 Long Term Loans And Advances 1.37 1.48 0.73 Other Non-Current Assets 239.51 126.9 106.37 TOTAL NON-CURRENT ASSETS 4424.77 4470.98 4335.23 CURRENT ASSETS Current Investments 507.67 572.38 592.37 Inventories 2796.05 2681.05 2610.25 Trade Receivables 1038.62 821 803.08 Cash And Cash Equivalents 211.5 279.89 43.85 Short Term Loans And Advances 1.34 2.82 17.69 OtherCurrentAssets 647.03 525.4 613.75 TOTAL CURRENT ASSETS 5202.21 4882.54 4680.99 TOTAL ASSETS 9626.98 9353.52 9016.22
- 8. 3. Ratios :- Parameter MAR 20 MAR 19 YoY %Change Operational & Financial Ratios Earnings Per Share (Rs) 94.83 121.06 -21.67 CEPS(Rs) 150.33 163.08 -7.82 DPS(Rs) 0.00 17.50 -100.00 Book NAV/Share(Rs) 982.53 908.62 8.13 Tax Rate(%) 9.54 29.74 -67.92 Margin Ratios Core EBITDA Margin(%) 13.96 17.64 -20.88 EBIT Margin(%) 11.63 17.28 -32.69 Pre Tax Margin(%) 9.53 15.44 -38.25 PAT Margin (%) 8.62 10.85 -20.50 Cash Profit Margin (%) 13.67 14.61 -6.45 Performance Ratios ROA(%) 6.38 8.66 -26.34 ROE(%) 10.03 14.14 -29.04 ROCE(%) 9.59 15.40 -37.73 Asset Turnover(x) 0.74 0.80 -7.34 Sales/Fixed Asset(x) 1.40 1.70 -17.90 Working Capital/Sales(x) 2.15 2.60 -17.46
- 9. 4. CSR Activity :- Year 2018-19 2017-18 2016-17 Actual CSR 12.81 Cr 14.93 Cr 5.41 Cr PrescribedCSR 18.83 Cr 17.02 Cr 14.46 Cr CSR Activitiesfollowedbyvardhamantextilelimited:- 1. Contribution to PM National Relief Fund (2018-19) i) Implementing Partners: DirectImplementation ii) Projectdescription:- The company has provided donation to Prime Minister's Relief Fund for the Rehabilitation of Kerala Flood victims. iii) Project Location: Kerala
- 10. 2. Rural development project (2018-19) i)Project Sector : Rural Development ii) Implementing Partners: Direct Implementation iv) Project description :- The company has contributed towards CSR for promoting rural development projects through following activities: Provided safe drinking water to villagers by installing Handpumps and borewell. Also provided solar lights in villages Devgoan, Pilikarar & Holipur, Budhni. Contribution to Cotton Collaborative Project of Confederation of Indian Textile Industry - Cotton Development & Research Association (CITI- CDRA) for promoting Extra Long Staple (ELS) cotton in Madhya Pradesh (M.P.). v) Project Location: Sehore-Madhya Pradesh , Bhopal-Madhya Pradesh , 3. Environmental Sustainability Program (2018-19)
- 11. 4. Art & Culture program (2018-19) Does it is a listed company :- yes, it is a listed company under Bombay stock exchange (BSE) and National Stock Exchange (NSE)
- 12. Chapter 4 :- Marketing Department 1. list of product and services :-