Vardhman Holdings Complete Financial Statements
In FY2026, Vardhman Holdings (VHL) reported revenue ₹54 Cr, net profit ₹54 Cr and EPS ₹167.97, with a net profit margin of 100.0% and ROE of 1.4%. Full financial statements from FY2016 to FY2026 (11 years) — income statement, balance sheet and cash flow in ₹ Crores. Download as Excel or CSV. Review VHL P/E comparison to evaluate earnings-based valuation against sector peers.
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Profitability Ratios
Balance Sheet Ratios
VHL Revenue, Net Profit & EBITDA — Year-on-Year Growth
VHL YoY (Mar 2025 vs Mar 2026) — revenue -23.9%, net profit -22.9%, EBITDA -22.9%. For live price, earnings ratios and company overview, see VHL share price screener.
VHL Income Statement — Revenue, EBITDA & Net Profit
Vardhman Holdings revenue ₹54 Cr, EBITDA ₹54 Cr, net profit ₹54 Cr, EPS ₹167.97 (2026) — net profit margin 100.0%. Explore VHL value investing to estimate fundamental worth using multiple valuation models.
| Particulars | Mar 2026 | Sept 2025 | Mar 2025 | Jun 2025 | Dec 2025 | Sept 2024 | Mar 2024 | Jun 2024 | Dec 2024 | Sept 2023 | Mar 2023 | Jun 2023 | Dec 2023 | Sept 2022 | Mar 2022 | Jun 2022 | Dec 2022 | Sept 2021 | Mar 2021 | Jun 2021 | Dec 2021 | Sept 2020 | Mar 2020 | Jun 2020 | Dec 2020 | Sept 2019 | Mar 2019 | Jun 2019 | Dec 2019 | Sept 2018 | Jun 2018 | Dec 2018 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | 54 | 58 | 71 | 64 | 55 | 65 | 58 | 76 | 68 | 70 | 40 | 46 | 55 | 59 | 97 | 96 | 34 | 147 | 78 | 90 | 128 | 25 | 38 | 7 | 44 | 30 | 51 | 37 | 63 | 55 | 45 | 54 |
| Expenses | 1 | 0 | 1 | 0 | 1 | 3 | 32 | 1 | 1 | 1 | 2 | 1 | 0 | 1 | 1 | 1 | 1 | 0 | 1 | 0 | 1 | 0 | 4 | 17 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 0 |
| EBITDA | 54 | 58 | 70 | 64 | 55 | 62 | 26 | 74 | 66 | 69 | 39 | 45 | 54 | 59 | 96 | 95 | 33 | 147 | 76 | 90 | 127 | 24 | 34 | -11 | 44 | 30 | 50 | 35 | 62 | 54 | 45 | 54 |
| Operating Profit Margin % | -158.00% | 87.00% | 55.00% | 91.00% | 91.00% | 66.00% | -45329.00% | 81.00% | 79.00% | 98.00% | 131.00% | 92.00% | 95.00% | 68.00% | 86.00% | 74.00% | 83.00% | 97.00% | 85.00% | 84.00% | 87.00% | 95.00% | 656.00% | -184.00% | 112.00% | 143.00% | 62.00% | 77.00% | 93.00% | 60.00% | 75.00% | 74.00% |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Profit Before Tax | 54 | 58 | 70 | 64 | 55 | 62 | 26 | 74 | 66 | 69 | 39 | 45 | 55 | 59 | 96 | 95 | 33 | 147 | 76 | 90 | 127 | 24 | 34 | -11 | 44 | 30 | 50 | 35 | 62 | 54 | 45 | 54 |
| Tax | 0 | 11 | 0 | 1 | 1 | 13 | 0 | 1 | 1 | 7 | -2 | 1 | 1 | -2 | 2 | 1 | 0 | 10 | 1 | 0 | 18 | 1 | -2 | 2 | 0 | 1 | -2 | 1 | 2 | 1 | 1 | 1 |
| Net Profit | 54 | 46 | 70 | 63 | 54 | 49 | 26 | 73 | 66 | 62 | 41 | 44 | 54 | 61 | 94 | 94 | 33 | 137 | 75 | 89 | 109 | 23 | 36 | -12 | 44 | 29 | 52 | 35 | 60 | 53 | 44 | 53 |
| Earnings Per Share (₹) | 167.97 | 144.50 | 218.51 | 196.08 | 168.28 | 154.73 | 80.15 | 229.24 | 206.02 | 194.03 | 127.89 | 137.17 | 167.97 | 189.60 | 293.74 | 294.58 | 103.68 | 430.22 | 235.08 | 279.78 | 340.67 | 71.81 | 113.11 | -38.92 | 137.90 | 90.50 | 163.53 | 108.86 | 187.97 | 164.51 | 137.81 | 166.63 |
VHL Balance Sheet — Assets, Liabilities & Shareholders' Equity
VHL total assets ₹3,769 Cr, total equity ₹3,766 Cr, total liabilities ₹ Cr (2026) — ROE 1.4%.
| Particulars | 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||||
| Total Assets | 3,769 | 3,541 | 3,298 | 3,101 | 2,778 | 2,307 | 2,130 | 2,003 | 1,825 | 1,553 | 1,249 |
| Current Assets | 8 | 8 | 14 | 14 | 12 | 98 | 108 | 8 | 8 | 377 | 192 |
| Fixed Assets | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 1 | 1 |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 3,528 | 3,270 | 3,065 | 2,738 | 2,167 | 1,979 | 1,952 | 1,776 | 333 | 186 |
| Other Assets | 0 | 10 | 25 | 32 | 36 | 137 | 147 | 48 | 46 | 1,219 | 1,062 |
| LIABILITIES | |||||||||||
| Total Liabilities | |||||||||||
| Current Liabilities | 3 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Non-Current Liabilities | |||||||||||
| SHAREHOLDERS' EQUITY | |||||||||||
| Total Equity | 3,766 | 3,541 | 3,297 | 3,100 | 2,777 | 2,306 | 2,126 | 1,998 | 1,822 | 1,548 | 1,247 |
| Share Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Reserves & Surplus | 3,763 | 3,537 | 3,294 | 3,096 | 2,774 | 2,303 | 2,123 | 1,994 | 1,819 | 1,545 | 1,244 |
VHL Cash Flow Statement — Operating, Investing & Financing
Vardhman Holdings operating cash flow ₹-6 Cr, investing ₹5 Cr, financing ₹-2 Cr, net cash flow ₹-2 Cr (2025).
| Particulars | March 2025 | March 2024 | March 2023 | March 2022 | March 2021 | March 2020 | March 2019 | March 2018 | March 2017 |
|---|---|---|---|---|---|---|---|---|---|
| Operating Activities | -6 | -3 | 1 | -5 | 82 | -95 | 6 | 2 | -34 |
| Investing Activities | 5 | 4 | 2 | -69 | -10 | 99 | -4 | 0 | 36 |
| Financing Activities | -2 | -2 | -2 | -2 | 0 | -2 | -2 | -2 | -1 |
| Net Cash Flow | -2 | 0 | 2 | -75 | 72 | 3 | 1 | 0 | 1 |