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Day Open
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Day High
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Day Low
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NSE Close — 25 Sep 2026
₹3,358.1
Change
-10.0 (-0.3%)
Open
₹3,375.0
Prev. Close
₹3,368.1
Day High
₹3,399.0
Day Low
₹3,350.5
Volume Analysis
Traded
70
Delivered
41
Delivery %
58.57%
End-of-day NSE price via the official Bhavcopy — updated once daily after market close, not a live tick.
Strengths, Weaknesses, Opportunities & Threats
Strengths (1)
- •Strong operating margin (87.0%)
Weaknesses (2)
- •Low return on equity (5.91%)
- •Below-average fundamentals quality score (41/100)
Opportunities (1)
- •Strong 3-year revenue growth (26.0%)
Threats (0)
No signal for this stock
Rule-based signals from the fundamentals below — not investment advice.
Pivot Levels
| Type | R3 | R2 | R1 | Pivot | S1 | S2 | S3 |
|---|---|---|---|---|---|---|---|
| Classic | ₹3,436.4 | ₹3,417.7 | ₹3,387.9 | ₹3,369.2 | ₹3,339.4 | ₹3,320.7 | ₹3,290.9 |
| Fibonacci | ₹3,417.7 | ₹3,399.17 | ₹3,387.73 | ₹3,369.2 | ₹3,350.67 | ₹3,339.23 | ₹3,320.7 |
| Camarilla | ₹3,371.44 | ₹3,366.99 | ₹3,362.55 | ₹3,369.2 | ₹3,353.65 | ₹3,349.21 | ₹3,344.76 |
Support/resistance levels for today, calculated from the previous trading day's high/low/close.
Absolute Returns
YTD
-6.85%
1 Week
+0.57%
1 Month
-4.24%
3 Months
-6.06%
6 Months
+4.17%
1 Year
-10.83%
2Y/3Y/5Y not shown yet — price history tracking only goes back to mid-2025 so far.
Stock Vitals
Computed from the latest available annual financials.
Graham Number
₹13,404.59
Current price is at or below the Graham Number — Benjamin Graham's estimate of fair value based on earnings and book value.
DuPont ROE Breakdown
0.0%
Net margin 1260.0% × asset turnover 0.0x × equity multiplier 1.0x
Company Overview
Sector
Financial Services
Market Cap
₹1,071 Cr
P/E (TTM)
4.26
ROE
5.91%
Book Value
₹11,799.0
Face Value
₹10.0
Source: Screener.in (Consolidated figures) — data as of 27 Sep 2026. Not investment advice.
TopFund Analysis
Vardhman Holdings Limited scores weakly on TopFund's composite fundamentals check within the Financial Services sector, at 41/100. The strongest factor is Risk & Volatility (64/100), while Cash Flow (0/100) is the weakest area to weigh before deciding. Notably: Strong operating margin (87.0%); low return on equity (5.91%); below-average fundamentals quality score (41/100). Strong 3-year revenue growth (26.0%).
TopFund Score — Fundamentals Quality
41/100 — WeakData confidence: 78/100 (Moderate Confidence) — based on how complete and how fresh the underlying data is.
As of 27 Sep 2026 · How we calculate this →
Growth
Valuation
Cash Flow
Corporate Governance
Momentum
Institutional Ownership
Business Quality
Risk & Volatility
Liquidity
From Screener.in
- +Company is almost debt free.
- +Stock is trading at 0.28 times its book value
- +Company is expected to give good quarter
- +Market value of investments Rs.4,859 Cr. is more than the Market Cap Rs.1,071 Cr.
- −Tax rate seems low
- −Company has a low return on equity of 6.42% over last 3 years.
- −Earnings include an other income of Rs.249 Cr.
- −Dividend payout has been low at 0.74% of profits over last 3 years
Not investment advice — an automated read of public fundamentals data, for research context only.
Corporate Actions
Vardhman Holdings AGM on 17 Sept 2026 passed 5 resolutions, including Rs. 5 dividend and director reappointment.
244 equity shares dematerialized during August 2026 under Regulation 74(5).
62nd AGM on 17 Sept 2026; annual report sent, KYC and email update reminder.
Source: BSE regulatory filings, via Screener.in.
Quarterly Results
Last several quarters
| Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 6 | 30 | 8 | 0 | 7 | 7 | 7 | 2 | 3 | 3 | 6 | 0 | 11 |
| Expenses + | 0 | 1 | 0 | 3 | 1 | 3 | 1 | 1 | 0 | 0 | 1 | 1 | 1 |
| Operating Profit | 5 | 30 | 7 | -3 | 5 | 5 | 5 | 1 | 3 | 2 | 5 | -1 | 10 |
| OPM % | 92.0% | 98.0% | 95.0% | -3,786.0% | 81.0% | 66.0% | 79.0% | 55.0% | 91.0% | 87.0% | 91.0% | -158.0% | 93.0% |
| Other Income + | 40 | 39 | 47 | 28 | 69 | 57 | 61 | 69 | 60 | 55 | 50 | 54 | 90 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 45 | 69 | 54 | 26 | 74 | 62 | 66 | 70 | 63 | 57 | 55 | 53 | 100 |
| Tax % | 3.0% | 10.0% | 2.0% | 1.0% | 2.0% | 20.0% | 1.0% | 1.0% | 1.0% | 20.0% | 2.0% | 0.0% | 2.0% |
| Net Profit + | 44 | 62 | 54 | 26 | 73 | 49 | 66 | 70 | 63 | 46 | 54 | 54 | 98 |
| EPS in Rs | 137 | 194 | 168 | 80 | 229 | 155 | 206 | 218 | 196 | 145 | 168 | 168 | 307 |
| Raw PDF | — | — | — | — | — | — | — | — | — | — | — | — | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Profit & Loss (Yearly)
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales + | 13 | 70 | 28 | 9 | 12 | 20 | 33 | 6 | 15 | 23 | 12 | 20 |
| Expenses + | 4 | 2 | 3 | 3 | 6 | 2 | 3 | 4 | 4 | 6 | 2 | 2 |
| Operating Profit | 9 | 68 | 25 | 6 | 7 | 18 | 30 | 2 | 11 | 17 | 10 | 17 |
| OPM % | 72.0% | 97.0% | 89.0% | 68.0% | 53.0% | 89.0% | 91.0% | 26.0% | 71.0% | 73.0% | 84.0% | 87.0% |
| Other Income + | 151 | 242 | 157 | 196 | 155 | 116 | 429 | 223 | 184 | 256 | 219 | 249 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit before tax | 160 | 310 | 181 | 202 | 161 | 133 | 459 | 225 | 194 | 273 | 229 | 266 |
| Tax % | 1.0% | 2.0% | 1.0% | 0.0% | 1.0% | 3.0% | 7.0% | -2.0% | 5.0% | 5.0% | 6.0% | — |
| Net Profit + | 159 | 303 | 179 | 202 | 160 | 130 | 429 | 228 | 185 | 258 | 216 | 252 |
| EPS in Rs | 497 | 950 | 560 | 632 | 500 | 406 | 1,344 | 716 | 579 | 808 | 677 | 788 |
| Dividend Payout % | 1.0% | 1.0% | 1.0% | 1.0% | 0.0% | 1.0% | 0.0% | 1.0% | 1.0% | 1.0% | 1.0% | — |
Source: Screener.in — figures in ₹ Crores unless marked %.
Balance Sheet
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Reserves | 1,244 | 1,545 | 1,819 | 1,994 | 2,122 | 2,303 | 2,774 | 3,096 | 3,294 | 3,537 | 3,762 |
| Borrowings + | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Liabilities + | 2 | 5 | 3 | 5 | 4 | 2 | 1 | 1 | 1 | 1 | 4 |
| Total Liabilities | 1,249 | 1,553 | 1,825 | 2,003 | 2,130 | 2,307 | 2,778 | 3,101 | 3,298 | 3,541 | 3,769 |
| Fixed Assets + | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 1,240 | 1,506 | 1,776 | 1,952 | 1,979 | 2,167 | 2,738 | 3,065 | 3,270 | 3,528 | 3,758 |
| Other Assets + | 9 | 46 | 46 | 48 | 147 | 137 | 36 | 32 | 25 | 10 | 8 |
| Total Assets | 1,249 | 1,553 | 1,825 | 2,003 | 2,130 | 2,307 | 2,778 | 3,101 | 3,298 | 3,541 | 3,769 |
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Cash Flow
| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | — | -34 | 2 | 6 | -95 | 82 | -5 | 1 | -3 | -6 | -6 |
| Cash from Investing Activity + | — | 36 | 0 | -3 | 99 | -10 | -69 | 2 | 4 | 5 | 7 |
| Cash from Financing Activity + | — | -1 | -2 | -2 | -2 | 0 | -2 | -2 | -2 | -2 | -2 |
| Net Cash Flow | — | 1 | 0 | 1 | 2 | 72 | -75 | 2 | 0 | -2 | 0 |
| CFO/OP | — | 7 | 38 | 98 | -1,359 | 487 | 56 | 263 | 31 | 9 | 39 |
| Free Cash Flow | — | -34 | 0 | 6 | -95 | 82 | -5 | 1 | -3 | -6 | -6 |
Source: Screener.in — figures in ₹ Crores unless marked %.
Shareholding Pattern
Quarter-by-quarter — Promoters, FII, DII & public holding trend
| Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Public | 24.1% | 24.1% | 24.51% | 24.51% | 24.9% | 24.98% | 24.98% | 24.99% | 24.99% | 24.99% | 24.99% | 24.99% |
| Promoters | 74.9% | 74.9% | 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% | 0.06% | 0.06% | 0.05% | 0.05% | 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% | 0.07% | 0.07% |
Source: Screener.in — quarterly shareholding disclosures.
Peers Comparison
Financial Services — ranked by market cap
| Company | Market Cap (Cr) | P/E | P/B | ROE |
|---|---|---|---|---|
| Vardhman Holdings Limited (this stock) | 1,071 | 4.26 | 0.28 | 5.91% |
| Systematix Corp Service L | 1,058 | 59.0 | 3.37 | 4.62% |
| Centrum Capital Limited | 1,049 | — | 3.38 | -84.6% |
| Master Trust Limited | 1,044 | 7.81 | 1.28 | 17.3% |
| Industrial & Pru Inv Co L | 1,043 | 17.1 | 1.22 | 7.71% |
| Abans Financial Srvcs Ltd | 1,042 | 8.12 | 0.82 | 8.29% |
| Jindal Photo Limited | 1,105 | — | 1.09 | -2.29% |
Which Mutual Funds Hold Vardhman Holdings Limited?
Frequently Asked Questions about Vardhman Holdings Limited
Vardhman Holdings Limited (VHL) closed at ₹3,358.1 on NSE on 25 September 2026, down 10.0 (0.3%) from the previous close.
Vardhman Holdings Limited trades on the NSE (National Stock Exchange of India) under the symbol VHL.
Vardhman Holdings Limited has a trailing twelve-month P/E (price-to-earnings) ratio of 4.26.
Vardhman Holdings Limited has a dividend yield of 0.15%.
Vardhman Holdings Limited's 52-week high is ₹4,290.0 and its 52-week low is ₹2,870.0.
Vardhman Holdings Limited has a market capitalisation of ₹1,071 crore.
Vardhman Holdings Limited has a TopFund Quality Score of 41/100 (Weak), a composite of profitability, balance-sheet health, growth and valuation. This is an analytical score based on public data, not personalized investment advice — see the full breakdown below before deciding.
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