Vardhman Acrylics Ltd

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Stock Performance
52 Week Low - High
Today’s Low - High

Open

Prev. Close

Total Traded Value

View details of Market Depth
Fundamental

Market Cap (in crs)

Face Value

Turnover (in lacs)

Key Metrics
Qtr Change %
25.66% Fall from 52W High
1
TTM PE Ratio
Below industry Median
25.5
Price to Book Ratio
Below industry Median
1.8
Dividend yield 1yr %
Market Leader
4.5
TTM PEG Ratio
PEG TTM is negative
-0.5
RSI
RSI is mid-range
53.7
MFI
MFI is mid-range
61.2

Vardhman Acrylics Ltd shareholding Pattern

Promoter
75%
Foreign Institutions
0.2%
Public
24.9%
Promoter
75%
Foreign Institutions
0.1%
Public
24.9%
Promoter
75%
Foreign Institutions
0.1%
Public
24.9%
Promoter
75%
Foreign Institutions
0.1%
Public
24.9%
Promoter
75%
Foreign Institutions
0.1%
Public
24.9%
Promoter
75%
Foreign Institutions
0.1%
Public
24.9%
Mutual Funds
0.3%
Mutual Funds
0.3%

Vardhman Acrylics Ltd Technical Analysis

Moving Averages Analysis
Moving Averages Analysis
Current Price
Bullish Moving Averages
9
Bearish Moving Averages
7
5Day EMA
55.50
10Day EMA
55.20
12Day EMA
55.20
20Day EMA
55.10
26Day EMA
55.20
50Day EMA
55.90
100Day EMA
57.10
200Day EMA
57.20
5Day SMA
55.00
10Day SMA
55.40
20Day SMA
54.70
30Day SMA
55.00
50Day SMA
55.70
100Day SMA
58.80
150Day SMA
59.40
200Day SMA
58.30
Delivery & Volume
Resistance & Support
55.79
Pivot
Resistance
First Resistance
56.52
Second Resistance
57.04
Third Resistance
57.77
Support
First Support
55.27
Second support
54.54
Third Support
54.02
Relative Strength Index
53.74
Money Flow Index
61.21
MACD
-0.03
MACD Signal
-0.25
Average True Range
1.96
Average Directional Index
16.99
Rate of Change (21)
0.47
Rate of Change (125)
-2.68
Peer comparison
Compare
Company
Market Price
Market Cap
52W Low
52W High
Pasupati Acrylon Ltd.
336.02
27.8
51.3
Indian Acrylics Ltd.
-
-
-
Aadi Industries Ltd.
-
-
-
Gabriel Pet Straps Ltd.
-
-
-

Vardhman Acrylics Ltd Company background

Founded in: 1990
Managing director: Bal Krishan Choudhary
Vardhman Acrylics Ltd is an Indiabased company. The company is engaged in the business of manufacturing of acrylic fiber and tow. They have set up 18,000 TPA acrylic staple fiber and tow production plant at Jhagadia, Bharuch in the state of Gujarat. Their products are marketed under the brand name VARLAN. The companys products include circular knit, flat knit, woven, tufting, and pile fabric. The companys products are used in hosiery, weaving, home furnishing, industrial, and other applications. The company operates as a subsidiary of Vardhman Textiles Ltd.Vardhman Spinning and General Mills Ltd (VSGML), a company belonging to the Vardhman Group and UP State Industrial Development Corporation Ltd (UPSIDC) mutually agreed to form a public limited company for manufacturing Acrylic Fibre. Accordingly, Vardhman Acrylics Ltd was incorporated on December 24, 1990 as a public limited company. UPSIDC, at the time of the agreement, was holding a letter of intent from the Government of India for establishing a plant to manufacture Acrylic Fibre in the state of Uttar Pradesh. However, the actual implementation and setting up of the project was deferred since a revised feasibility study did not find the project viable at that time. Subsequently, UPSIDC terminated the collaboration agreement with VSGML and accordingly the shares held by UPSIDC were transferred to VSGML.In September 1995, Mahavir Spinning Mills Ltd, another company belonging to the Vardhman Group incorporated a company named Vardhman Fibres Ltd to set up a project for the manufacture of Acrylic Fibre in Bharuch, Gujarat. In September 29, 1995, Vardhman Fibres Ltd entered into Technology supply Contract with Kawasaki Heavy Industries Ltd, Japan for transfer of technology of Japan Exlan Company Ltd. Vardhman Fibres Ltd also entered into Equipment Supply Contract with Marubeni Corporation, Japan for supply of proprietary and special plant and equipment.The Vardhman Group decided to implement the Acrylic Fibre project in Vardhman Acrylics Ltd. Accordingly, the registered office of the company was transferred from UP to Punjab and all contracts originally signed by Vardhman Fibres Ltd with Marubeni Corp. and Kawasaki Heavy Engg. Industries Ltd were reassigned to the company. Thus the company became a subsidiary of Mahavir Spinning Mills Ltd.In the year 1996, Mahavir Spinning Mills Ltd entered into a joint venture agreement with Marubeni Corporation, Japan and Japan Exlan Company Ltd, Japan for setting up an Acrylic Fibre Project for manufacture of 16,500 TPA Acrylic Staple Fibre and Tow at Jhagadia, Bharuch, Gujarat. The work on the project was kicked off in August 1996. In March 16, 1999, the company commenced commercial production.During the year 200304, Vardhman Textiles Ltd (formerly Mahavir Spinning Mills Ltd), disinvested 27,568,527 shares of Rs 10 held in the company by way of offer for sale to public through 100% book building process. As a result of disinvestment, the share holding of Vardhman Textiles Ltd in the company reduced from 62.19% to 36.79% and consequently the company ceased to be the subsidiary of Vardhman Textile Ltd with effect from September 26, 2003.During the year 200607, the company increased the production capacity of Acrylic Fibre Tow from 16,500 MT to 18,000 MT.During the year 200708, Vardhman Textiles Ltd entered into a Disengagement Agreement with their foreign collaborators namely, Marubeni Corporation, Japan and Japan Ellan Company Ltd, Japan. Consequently, all the shares of the company held by Marubeni and Exlan transferred to Vardhman Textiles Ltd. As a result, the joint venture agreement among Vardhman Textiles Ltd, Marubeni and Exlan were terminated and the company became a subsidiary of Vardhman Textiles Ltd.During the year 200910, the company increased the production capacity of Acrylic Fibre Tow from 18,000 MT to 20,000 MT.The company in 202223, set up a 18000 TPA Acrylic Staple Fibre and Tow production plant at Jhagadia, Distt. Bharuch in Gujarat.
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Vardhman Acrylics Ltd FAQs

The past 1-year return of Vardhman Acrylics Ltd [VARDHACRLC] share was 3.97. The Vardhman Acrylics Ltd [VARDHACRLC] share hit a 1-year low of Rs. 49.9 and a 1-year high of Rs. 74.9.

The market cap of Vardhman Acrylics Ltd is Rs. 450.12 Cr. as of 6/24/2024 12:00:00 AM.

The PE ratios of Vardhman Acrylics Ltd is 25.69 as of 6/24/2024 12:00:00 AM.

The PB ratios of Vardhman Acrylics Ltd is 1.85 as of 6/24/2024 12:00:00 AM

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