WEBSITE BSE:500439 NSE: VARD HOLDNG Inc. Year: 1962 Industry: Finance - NBFC
Last updated: 15:56
Vardhman Holdings Ltd is a NBFC. The Company is basically engaged in lending and making an investment activities. The Company's portfolio includes investments in debt, equity and real estate.
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Market Cap ₹990 Cr.
Stock P/E 3.8
P/B 0.3
Current Price ₹3100.5
Book Value ₹ 11719
Face Value 10
52W High ₹4437.3
Dividend Yield 0.16%
52W Low ₹ 2983.6
Price goes above X
Price falls below X
PE goes above X
PE falls below X
₹ | |
| #(Fig in Cr.) | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 30 | 8 | 0 | 7 | 7 | 7 | 2 | 3 | 3 | 6 |
| Other Income | 1 | 0 | 1 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Income | 31 | 8 | 1 | 7 | 8 | 7 | 3 | 4 | 3 | 6 |
| Total Expenditure | 1 | 0 | 3 | 1 | 3 | 1 | 1 | 0 | 0 | 1 |
| Operating Profit | 30 | 8 | -2 | 6 | 5 | 6 | 2 | 4 | 3 | 6 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 30 | 8 | -31 | 6 | 5 | 6 | 2 | 4 | 3 | 6 |
| Provision for Tax | 7 | 1 | 0 | 1 | 13 | 1 | 0 | 1 | 11 | 1 |
| Profit After Tax | 23 | 7 | -31 | 4 | -7 | 5 | 1 | 3 | -9 | 5 |
| Adjustments | 39 | 47 | 56 | 69 | 57 | 61 | 68 | 60 | 55 | 49 |
| Profit After Adjustments | 62 | 54 | 26 | 73 | 49 | 66 | 70 | 63 | 46 | 54 |
| Adjusted Earnings Per Share | 194.1 | 168 | 80.2 | 229.2 | 154.8 | 206.1 | 218.6 | 196.2 | 144.6 | 168.4 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating Revenue | 13 | 68 | 42 | 14 | 21 | 20 | 33 | 6 | 15 | 23 | 14 |
| Other Income | 1 | 244 | 1 | 1 | 1 | 1 | 2 | 2 | 2 | 2 | 0 |
| Total Income | 14 | 312 | 43 | 15 | 22 | 21 | 35 | 8 | 17 | 25 | 16 |
| Total Expenditure | 4 | 3 | 17 | 8 | 14 | 2 | 3 | 4 | 4 | 6 | 2 |
| Operating Profit | 10 | 310 | 26 | 8 | 8 | 19 | 32 | 3 | 13 | 18 | 15 |
| Interest Expense | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 10 | 310 | 26 | 7 | 8 | 133 | 459 | 225 | 194 | 273 | 15 |
| Provision for Tax | 1 | 6 | 2 | 0 | 1 | 4 | 30 | -4 | 9 | 15 | 13 |
| Profit After Tax | 9 | 303 | 23 | 7 | 6 | 130 | 429 | 228 | 185 | 258 | 0 |
| Adjustments | 150 | 0 | 155 | 195 | 153 | 0 | 0 | 0 | 0 | 0 | 232 |
| Profit After Adjustments | 159 | 303 | 179 | 202 | 160 | 130 | 429 | 228 | 185 | 258 | 233 |
| Adjusted Earnings Per Share | 496.9 | 950.1 | 559.8 | 632.4 | 500.4 | 405.8 | 1344.4 | 715.8 | 579.3 | 808.4 | 727.8 |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Sales CAGR | 53% | -11% | 2% | 0% |
| Operating Profit CAGR | 38% | -17% | 18% | 0% |
| PAT CAGR | 39% | -16% | 112% | 0% |
| # | 1 Year | 3 Year | 5 Year | 10 Year |
|---|---|---|---|---|
| Share Price CAGR | 0% | 4% | 11% | 14% |
| ROE Average | 8% | 7% | 9% | 7% |
| ROCE Average | 8% | 7% | 9% | 7% |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Shareholder's Funds | 1247 | 1548 | 1822 | 1997 | 2126 | 2306 | 2777 | 3100 | 3297 | 3540 |
| Minority's Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Borrowings | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Current Liability | 14 | 55 | 3 | 63 | 62 | 60 | 1 | 1 | 1 | 1 |
| Other Liabilities & Provisions | -1 | -0 | -38 | -39 | -39 | -39 | -24 | -18 | -11 | -2 |
| Total Liabilities | 1260 | 1603 | 1787 | 2021 | 2149 | 2326 | 2753 | 3083 | 3287 | 3539 |
| Loans | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1053 | 1173 | 1552 | 1704 | 1800 | 2020 | 2414 | 3007 | 3192 | 3410 |
| Fixed Assets | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Other Loans | 2 | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Non Current Assets | 0 | 0 | 0 | 0 | 95 | 9 | 0 | 0 | 0 | 0 |
| Current Assets | 203 | 427 | 232 | 313 | 251 | 294 | 336 | 73 | 92 | 126 |
| Total Assets | 1260 | 1603 | 1787 | 2021 | 2149 | 2326 | 2753 | 3083 | 3287 | 3539 |
| #(Fig in Cr.) | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Opening Cash & Cash Equivalents | 0 | 1 | 1 | 2 | 2 | 5 | 76 | 1 | 3 | 3 |
| Cash Flow from Operating Activities | 0 | -34 | 2 | 6 | -95 | 82 | -5 | 1 | -3 | -5 |
| Cash Flow from Investing Activities | 0 | 36 | 0 | -3 | 99 | -10 | -69 | 2 | 4 | 5 |
| Cash Flow from Financing Activities | 0 | -1 | -2 | -2 | -2 | -0 | -2 | -2 | -2 | -2 |
| Net Cash Inflow / Outflow | 0 | 1 | 0 | 1 | 2 | 72 | -75 | 2 | -0 | -2 |
| Closing Cash & Cash Equivalent | 0 | 1 | 2 | 2 | 5 | 76 | 1 | 3 | 3 | 0 |
| # | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Earnings Per Share (Rs) | 496.89 | 950.06 | 559.83 | 632.39 | 500.44 | 405.8 | 1344.44 | 715.75 | 579.29 | 808.41 |
| CEPS(Rs) | 28.49 | 950.18 | 72.98 | 22.82 | 20.39 | 405.83 | 1344.46 | 715.78 | 579.31 | 808.43 |
| DPS(Rs) | 3 | 5 | 5 | 5 | 0 | 5 | 5 | 5 | 5 | 5 |
| Book NAV/Share(Rs) | 3907.53 | 4851.57 | 5708.71 | 6258.73 | 6660.44 | 7224.79 | 8700.72 | 9712.04 | 10331.1 | 11093.42 |
| Net Profit Margin | 71.15 | 446.15 | 55.78 | 52.11 | 31.33 | 654.59 | 1296.72 | 3881.94 | 1240.71 | 1132.78 |
| Operating Margin | 81.32 | 455.41 | 62.31 | 53.73 | 38.19 | 673.75 | 1388.71 | 3822.31 | 1303.53 | 1198.52 |
| PBT Margin | 81.32 | 455.41 | 61.55 | 53.45 | 37.77 | 673.31 | 1388.57 | 3822.26 | 1303.52 | 1198.51 |
| ROA(%) | 0.91 | 21.18 | 1.37 | 0.38 | 0.31 | 5.79 | 16.89 | 7.83 | 5.81 | 7.56 |
| ROE(%) | 1.23 | 21.69 | 1.38 | 0.38 | 0.32 | 5.85 | 16.88 | 7.77 | 5.78 | 7.55 |
| ROCE(%) | 1.11 | 22.14 | 1.54 | 0.39 | 0.38 | 6.02 | 18.08 | 7.66 | 6.07 | 7.98 |
| Price/Earnings(x) | 1.78 | 2.97 | 6.78 | 3.34 | 1.87 | 4.37 | 2.72 | 3.59 | 4.82 | 4.16 |
| Price/Book(x) | 0.23 | 0.58 | 0.67 | 0.34 | 0.14 | 0.25 | 0.42 | 0.26 | 0.27 | 0.3 |
| Dividend Yield(%) | 0.34 | 0.18 | 0.13 | 0.24 | 0 | 0.28 | 0.14 | 0.19 | 0.18 | 0.15 |
| EV/Net Sales(x) | 22.18 | 13.22 | 29.01 | 48.09 | 14.16 | 24.75 | 35.18 | 138.52 | 59.58 | 47.09 |
| EV/Core EBITDA(x) | 27.17 | 2.9 | 46.54 | 89.4 | 37.03 | 25.98 | 36.48 | 239.76 | 68.11 | 58.12 |
| Interest Earned Growth(%) | -97.87 | 434.22 | -38.61 | -66.54 | 48.52 | -4.58 | 67.24 | -82.22 | 153.23 | 52.85 |
| Net Profit Growth | 79.69 | 3249.66 | -92.32 | -68.74 | -10.7 | 1893.37 | 231.31 | -46.76 | -19.07 | 39.55 |
| EPS Growth(%) | 0 | 91.2 | -41.07 | 12.96 | -20.87 | -18.91 | 231.31 | -46.76 | -19.07 | 39.55 |
| Interest Coverage(x) % | 0 | 0 | 82.32 | 195.85 | 89.99 | 1506.25 | 0 | 0 | 0 | 0 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 74.9 | 74.9 | 74.9 | 74.9 | 74.9 | 74.9 | 74.9 | 74.9 | 74.9 | 74.9 |
| FII | 0.03 | 0.03 | 0.03 | 0.06 | 0.06 | 0.07 | 0.07 | 0.06 | 0.05 | 0.05 |
| DII | 0.96 | 0.97 | 0.56 | 0.53 | 0.13 | 0.06 | 0.06 | 0.06 | 0.06 | 0.07 |
| Public | 24.11 | 24.1 | 24.51 | 24.51 | 24.91 | 24.97 | 24.98 | 24.98 | 24.99 | 24.97 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 | 100 |
| # | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Promoter | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 | 0.24 |
| FII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| DII | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Public | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 | 0.08 |
| Others | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 | 0.32 |
* The pros and cons are machine generated.
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