External broker reports(aggregated public sources), ICICI Securities Ltd

ICICI Securities Limited

External broker reports(aggregated public sources)

ICICI Securities Ltd

ICICI Securities Limited provides investment services. The Company provides corporate and investment banking, securities, wealth management, retail brokerage, initial public offerings, and advisory services. 

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Equity Bottom-Up

<ul><li>Vardhman Textiles (VTL) (earlier known as Mahavir Spinning) is part of the Vardhman Group, a large textile conglomerate with a presence across the textile value chain.</li><li>Vardhman is among few textile companies that have been able to maintain a debt equity ratio below one despite continuous capacity addition</li><li>Healthy cash flows have enabled VTL to maintain reasonable debt levels.</li></ul><p><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></p>

Vardhman Textiles (VTL) (earlier known as Mahavir Spinning) is part of the Vardhman Group, a large textile conglomerate with a presence across the textile value chain.Vardhman is among few textile companies that have been able to maintain a debt equity ratio below one despite continuous capacity additionHealthy cash flows have enabled VTL to maintain reasonable debt levels.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Vardhman Textiles - Cotton Price Parity Critical for Margin Improvement…

<ul><li>Vardhman Textiles (VTL) (earlier known as Mahavir Spinning) is part of the Vardhman Group, a large textile conglomerate with a presence across the textile value chain</li><li>Vardhman is among few textile companies that have been able to maintain a debt equity ratio below one despite continuous capacity addition</li><li>Target Price and Valuation: We value VTL at Rs 3125 i.e. 11x FY24E earnings.</li></ul><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Vardhman Textiles (VTL) (earlier known as Mahavir Spinning) is part of the Vardhman Group, a large textile conglomerate with a presence across the textile value chainVardhman is among few textile companies that have been able to maintain a debt equity ratio below one despite continuous capacity additionTarget Price and Valuation: We value VTL at Rs 3125 i.e. 11x FY24E earnings.Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Vardhman Textiles: Increasing Capacity to Benefit from Strong Demand

India

Vardhman Textiles Limited manufactures textile products. The Company offers wide  range of greige and dyed yarns in cotton, polyester, acrylic, and a variety of blends. Vardhman Textiles serves customers worldwide.

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Vardhman Textiles (VTEX IN)

Vardhman Textiles - Cotton Price Parity Critical for Margin Improvement…

Vardhman Textiles (VTL) (earlier known as Mahavir Spinning) is part of the Vardhman Group, a large textile conglomerate with a presence across the...

ICICI Securities Limited

Vardhman Textiles: Increasing Capacity to Benefit from Strong Demand

Vardhman Textiles (VTL) (earlier known as Mahavir Spinning) is part of the Vardhman Group, a large textile conglomerate with a presence across the...

ICICI Securities Limited

Price Gauge

52-week Range

Market Cap (USDm)

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