Vardhman Holdings share price
NSE: VHLBSE: 500439FinanceSmall Cap
Vardhman Holdings Limited · Formerly Vardhman Spinning & General Mills · Face value ₹10 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Oct 1972 on BSE, Jun 2005 on NSE
Last close ₹3,459.00up ₹59.50 (1.75%)BSE ₹3,476.00
Share price at the NSE close on 28 Oct 2026. Previous close ₹3,399.50.
28 Oct: open ₹3,403.00, high ₹3,500.00, low ₹3,400.00
52-week range of traded prices to 28 Oct 2026
₹2,870.00Low, 30 Mar 2026₹4,249.80High, 28 Oct 2025
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,104 Cr1,447th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- 4.39
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 0.29
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- 0.14%
- ROEReturn on equity. Profit over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, as a percentage of their net worth, the money they have in the business. Net worth is the average of the latest balance sheet and the one a year before it.
- 6.9%
- ROCEReturn on capital employed. Operating profit after depreciation (revenue less operating expenses and depreciation, without other income and one-off items) as a percentage of all the money the business runs on: the whole group's net worth, the other owners of its subsidiaries included, plus borrowings. Lease liabilities are not counted: the results filings do not state them. The profit is over the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly); net worth and borrowings are on the latest balance sheet.
- 0.5%
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 52762.4% delivered
Results
Consolidated; ₹ crore.Vardhman Holdings quarterly results
- Revenue growth, 12 monthsRevenue growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +0.5%
- Net profit growth, 12 monthsNet profit growth, 12 months. The last twelve months against the twelve before them. Left empty where the earlier figure was nought or a loss: growth out of a loss has no percentage.
- +1.6%
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹11 Crup 3,181.82%
- Net profitNet profit. The pill is the change in net profit against the quarter before: this period's figure divided by that one's, less one, in per cent. Net profit in the glossary
- ₹98 Crup 82.92%
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- 905.6%
Revenue by quarter
Peak revenue ₹11 Cr, quarter to Jun 2026; lowest ₹0.33 Cr, quarter to Mar 2026
Net profit by quarter, a loss in red
| ₹ crore | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.4 | 6.6 | 2.2 | 3.4 | 2.8 | 5.8 | 0.3 | 10.8 |
| Net profit | 49.4 | 65.8 | 69.7 | 62.6 | 46.1 | 53.7 | 53.6 | 98.1 |
| Net margin | 667.3% | 1,000.9% | 3,169.5% | 1,835.2% | 1,677.1% | 932.5% | 16,248.5% | 905.6% |
Consolidated. The last eight quarters. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026, against the year before
- RevenueRevenue. The pill is the change in revenue against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹12 Crdown 46.20%
- Net profitNet profit. The pill is the change in net profit against the year before: this period's figure divided by that one's, less one, in per cent.
- ₹216 Crdown 16.28%
- Net margin
- 1,763.3%
Revenue by year
Net profit by year, a loss in red
The years either side of a change of basis do not compare. From the year to Mar 2024, the company's revenue for that year, ₹15 Cr, differs from its quarters added, ₹44 Cr.
| ₹ crore | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 68 | 42 | 9 | 12 | 20 | 33 | 6 | 15 | 23 | 12 |
| Net profit | 303 | 189 | 202 | 160 | 130 | 429 | 228 | 185 | 258 | 216 |
| Net margin | 446.2% | 452.9% | 2,232.6% | 1,283.9% | 654.8% | 1,296.7% | 3,878.3% | 1,240.7% | 1,133.1% | 1,763.3% |
Consolidated. Years to March. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
In the year to Mar 2026 the company reports one business segment, Financing and Investing Activities, which carries all its revenue.
Valuation
Today, against the company's own history. Its history crosses a change of basis in the accounts in the year to Mar 2024: days before it are of the company before the change.Vardhman Holdings PE ratio and valuation
Price to earnings
At or below today's level on 27% of 2,441 trading days over the last 10 years.
LowestHighest
Its median5.40Industry median20.69
Price to book
At or below today's level on 23% of 1,932 trading days since Nov 2018.
LowestHighest
Its median0.34Industry median0.71
Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price. When a year's dividend goes ex later than the year before's, the yield reads zero for the days between; a run of under 60 such trading days is left out of the yield's medians and percentiles. The ex-date is the day from which a buyer of the share no longer gets the dividend.
At or below today's level on 42% of 2,445 trading days over the last 10 years.
LowestHighest
Its median0.15%Industry median0.70%
Where the return came from
Yearly rates to Mar 2026, per-share figures restated for splits and bonuses.
| Over | Return a year | Earnings growth | Change in P/E | Dividend yield |
|---|---|---|---|---|
| 1 year | −10.8% | −16.3% | +6.4% | 0.2% |
| 3 years | +5.3% | −1.8% | +7.1% | 0.2% |
| 5 years | +11.3% | +10.8% | +0.3% | 0.2% |
Return is price growth plus the average dividend yield. Change in P/E is (1 + price growth) / (1 + earnings growth) - 1, so the parts compound rather than add.
Vardhman Holdings competitors and peers
Investment Company, 73 listed companies, priced on 28 Oct 2026. The table lists the 8 companies closest to Vardhman Holdings in market cap.Finance companies
Where the company sits among the companies nearest its size
| Company | ||||||||||
|---|---|---|---|---|---|---|---|---|---|---|
 Summit SecuritiesSUMMITSEC | 1,441 | 12.04 | 0.17 | +33.5% | +39.5% | 1.3% | 1.8% | – | – | 0.00% |
 PNB GiltsPNBGILTS | 1,336 | 6.94 | 0.74 | −2.7% | +7.1% | 11.2% | – | 0.70% | 1.55% | 2.69% |
 Belding IndiaBELDING | 1,217 | – | 1.16 | −100.0% | −140.5% | −0.2% | −0.1% | – | – | 0.00% |
 Jindal PhotoJINDALPHOT | 1,152 | – | 1.13 | +744.3% | −126.9% | −6.2% | 1.8% | – | – | 0.00% |
 Industrial & Prudential Investment CompanyINDPRUD | 1,009 | 16.57 | 1.19 | −28.3% | −3.2% | 7.4% | 0.6% | – | – | 1.99% |
 Stel HoldingsSTEL | 972 | – | 0.60 | +19.9% | – | – | 1.6% | – | – | 0.00% |
 Jindal Poly Investment and Finance CompanyJPOLYINVST | 967 | 1.20 | 0.60 | +3,152.9% | – | 51.7% | 63.7% | – | – | 0.00% |
 Consolidated Finvest & HoldingsCONSOFINVT | 940 | 17.27 | 0.81 | −7.2% | −44.4% | 5.0% | 5.2% | – | – | 0.51% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record; for ROCE and EV/EBITDA, where the company is a lender or an insurer; for NIM and ROA, where the company does not file a lender's accounts. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page. ROA is the year's profit over average total assets. NIM is net interest income over average loans and investments.
Dividends
Per share, by the year it was paid for, and the latest payments.Vardhman Holdings dividend history
Dividend per share, ₹, restated for later splits and bonuses
Dividend per share. The dividends declared for the year, each restated to today's share count by the splits and bonuses after its own ex-date, added up. Dividend per share in the glossaryHighest ₹5.00 a share, in 9 years, the latest the year to Mar 2026.
| Ex-date | Type | Per share |
|---|---|---|
| 28 Aug 2026 | FinalFinal dividend. Called final by its date: the company did not say which kind it was, and it went ex within six months after the company's year end, the time in which the annual general meeting that declares the final dividend must be held. Final dividend in the glossary | ₹5.00 |
| 12 Sep 2025 | Final | ₹5.00 |
| 6 Sep 2024 | Final | ₹5.00 |
| 15 Sep 2023 | Final | ₹5.00 |
| 16 Sep 2022 | Final | ₹5.00 |
| 16 Sep 2021 | Final | ₹5.00 |
Latest payments, as declared, by ex-date.
Latest announcements
Routine notices left out.Vardhman Holdings announcements
Oct 2026
5 Oct · Updates
Sep 2026
9 Sep · Legal
Exchange has sought clarification from Vardhman Holdings Limited for the quarter ended 30-Jun-2026 with respect to Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. On basis of above the Company is required to clarify the following: The response of the Company is awaited.
Vardhman Holdings share price by year
Each calendar year to 2025.Vardhman Holdings share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 3,585.10 | −18.8% | 4,531.30 | 2,923.75 |
| 2024 | 4,415.05 | +40.1% | 5,526.55 | 2,764.90 |
| 2023 | 3,151.45 | +7.6% | 3,278.95 | 2,502.40 |
| 2022 | 2,929.90 | −1.7% | 4,487.55 | 2,629.05 |
| 2021 | 2,981.85 | +106.4% | 3,730.45 | 1,349.65 |
| 2020 | 1,444.40 | +9.9% | 1,512.15 | 803.00 |
| 2019 | 1,314.60 | −42.3% | 2,720.85 | 1,223.75 |
| 2018 | 2,278.75 | −55.0% | 5,801.00 | 2,029.40 |
| 2017 | 5,065.10 | +186.2% | 5,776.20 | 1,740.35 |
| 2016 | 1,770.00 | +81.5% | 2,148.40 | 817.05 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before.
Recent sessions
The 9 trading days to 27 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 27 Oct 2026 | 3,343.80 | 3,454.00 | 3,311.10 | 3,399.50 | 3,365.12 | 509 | 74.9% |
| 26 Oct 2026 | 3,312.40 | 3,400.00 | 3,283.50 | 3,338.40 | 3,320.01 | 731 | 69.0% |
| 23 Oct 2026 | 3,556.40 | 3,615.70 | 3,303.20 | 3,329.00 | 3,370.12 | 1,622 | 50.7% |
| 22 Oct 2026 | 3,607.40 | 3,659.80 | 3,550.00 | 3,569.10 | 3,589.82 | 556 | 62.2% |
| 21 Oct 2026 | 3,847.00 | 3,855.50 | 3,578.40 | 3,607.40 | 3,709.33 | 1,800 | 55.5% |
| 19 Oct 2026 | 3,640.20 | 3,868.30 | 3,640.00 | 3,804.50 | 3,779.73 | 1,214 | 73.6% |
| 16 Oct 2026 | 3,745.00 | 3,780.00 | 3,633.00 | 3,740.40 | 3,742.18 | 1,163 | 77.8% |
| 15 Oct 2026 | 3,684.00 | 3,743.20 | 3,655.50 | 3,694.40 | 3,699.90 | 631 | 81.9% |
| 14 Oct 2026 | 3,625.00 | 3,749.90 | 3,625.00 | 3,711.00 | 3,686.71 | 2,827 | 80.8% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- VHL
- BSE code
- 500439
- ISIN
- INE701A01023
- Industry
- Finance
- Former symbols
- VSGML
- Website
- www.vardhman.in
- CIN
- L17111PB1962PLC002463
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 1962
- Registered office
- Chandigarh Road, Ludhiana 141010, Punjab
- Share registrar
- Alankit Assignments Ltd
- Keeps the register of shareholders and handles transfers and dividend payments