| Quarterly Financials | Jun 2018 | Sept 2018 | Dec 2018 | Mar 2019 | Jun 2019 | Sept 2019 | Dec 2019 | Mar 2020 | Jun 2020 | Sept 2020 | Dec 2020 | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
Revenue  | 45 | 55 | 54 | 51 | 37 | 30 | 63 | 38 | 7 | 25 | 44 | 78 | 90 | 147 | 128 | 97 | 96 | 59 | 34 | 40 | 46 | 70 | 55 | 58 | 76 | 65 | 68 | 71 | 64 | 58 |
| Expenses | 1 | 1 | 0 | 1 | 1 | 1 | 1 | 4 | 17 | 0 | 0 | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 2 | 1 | 1 | 0 | 32 | 1 | 3 | 1 | 1 | 0 | 0 |
| EBITDA | 45 | 54 | 54 | 50 | 35 | 30 | 62 | 34 | -11 | 24 | 44 | 76 | 90 | 147 | 127 | 96 | 95 | 59 | 33 | 39 | 45 | 69 | 54 | 26 | 74 | 62 | 66 | 70 | 64 | 58 |
| Operating Profit % | 75 % | 60 % | 74 % | 62 % | 77 % | 143 % | 93 % | 656 % | -184 % | 95 % | 112 % | 85 % | 84 % | 97 % | 87 % | 86 % | 74 % | 68 % | 83 % | 131 % | 92 % | 98 % | 95 % | -45,329 % | 81 % | 66 % | 79 % | 55 % | 91 % | 87 % |
| 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 |
| 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 |
| Profit Before Tax | 45 | 54 | 54 | 50 | 35 | 30 | 62 | 34 | -11 | 24 | 44 | 76 | 90 | 147 | 127 | 96 | 95 | 59 | 33 | 39 | 45 | 69 | 55 | 26 | 74 | 62 | 66 | 70 | 64 | 58 |
| Tax | 1 | 1 | 1 | -2 | 1 | 1 | 2 | -2 | 2 | 1 | -0 | 1 | 0 | 10 | 18 | 2 | 1 | -2 | 0 | -2 | 1 | 7 | 1 | 0 | 1 | 13 | 1 | 0 | 1 | 11 |
| Net Profit | 44 | 53 | 53 | 52 | 35 | 29 | 60 | 36 | -12 | 23 | 44 | 75 | 89 | 137 | 109 | 94 | 94 | 61 | 33 | 41 | 44 | 62 | 54 | 26 | 73 | 49 | 66 | 70 | 63 | 46 |
| EPS in ₹ | 137.81 | 164.51 | 166.63 | 163.53 | 108.86 | 90.50 | 187.97 | 113.11 | -38.92 | 71.81 | 137.90 | 235.08 | 279.78 | 430.22 | 340.67 | 293.74 | 294.58 | 189.60 | 103.68 | 127.89 | 137.17 | 194.03 | 167.97 | 80.15 | 229.24 | 154.73 | 206.02 | 218.51 | 196.08 | 144.50 |
Vardhman Holdings
Vardhman Holdings
3,639.70
-39.70
(-1.08%)
Market Cap
₹- Cr
PE Ratio
-
Volume
320.00
Day High - Low
₹3,694.90 - ₹3,621.00
52W High-Low
₹5,250.00 - ₹2,850.00
Key Fundamentals
Market Cap
- Cr
EPS
-
PB Ratio
-
Book Value
11,710.38
EBITDA
-
Dividend Yield
- %
Industry
Financial Services Sector
Investment Company ROE Growth %
-
Debt to Equity
-
Actual
Company News
View All News
Ankit Singla, Company Secretary and Compliance Officer of Vardhman Holdings Limited, has resigned from his position citing personal reasons, with his resignation effective from the close of business hours on November 17, 2025. The resignation affects the company's secretarial and compliance functions, requiring the appointment of a new Company Secretary to fulfill regulatory obligations.
Vardhman Holdings Limited reported a profit of Rs 33.21 crores for the quarter ended September 30, 2025, compared to Rs 25.95 crores in the same period last year. The company's revenue from operations reached Rs 44.47 crores, driven by dividend income of Rs 45.13 crores, though this was partially offset by a net loss of Rs 0.77 crores on fair value changes. For the half-year period, profit stood at Rs 55.87 crores versus Rs 50.28 crores in the previous year. The company's earnings per share for the quarter was Rs 104.03. Total comprehensive income for the quarter was Rs 63.12 crores, benefiting from gains on fair valuation of equity instruments. The Board of Directors approved these unaudited financial results in their meeting held on November 10, 2025. Vardhman Holdings operates as an investment company focusing on earning income through dividends, interest and gains on investments held.
Vardhman Holdings Limited's Board of Directors appointed Dr. Parampal Singh and Mrs. Anila Nair as Independent Directors for three-year terms effective August 5, 2025. The appointments are subject to shareholder approval. Dr. Singh holds M.Sc. in Microbiology, MBA in Marketing, and Ph.D. in Marketing, with over 25 years of teaching experience and 14 years in research. He serves as Head of Department and Professor at Guru Nanak Dev Engineering College Ludhiana. Mrs. Nair has a Master's in Economics, UGC-NET qualification, and over 28 years of teaching experience. She was recognized as one of the "Top 10 Most Influential Educational Leaders 2025" and received the Best Principal Award in 2022. Both directors have no pecuniary relationships with other company directors and are not debarred from holding directorial positions.
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Peer Comparison Compare Peers on Screener
Competitors | LTP | Market Cap (₹ Cr.) | P/E Ratio | Revenue (₹ Cr.) | YoY Revenue Growth % | Net Profit (₹ Cr.) | YoY Profit Growth % | RSI |
|---|---|---|---|---|---|---|---|---|
165.40 | - | #1 - | - | - | - | - | 32.57 | |
311.20 | - | #1 - | - | - | - | - | 81.04 | |
6,718.00 | - | #1 - | - | - | - | - | 37.93 | |
3,321.70 | - | #1 - | - | - | - | - | 29.39 | |
15.39 | - | #1 - | - | - | - | - | 37.23 | |
5.58 | - | #1 - | - | - | - | - | 52.40 | |
2.00 | - | #1 - | - | - | - | - | 39.09 | |
2,072.30 | - | #1 - | - | - | - | - | 39.77 | |
188.41 | - | #1 - | - | - | - | - | 32.28 | |
3,639.70 | - | #1 - | - | - | - | - | 38.45 |
Automatic Screeners on ScanX
Growth Rate
Revenue Growth
-
Net Income Growth
-
Cash Flow Change
-
ROE
-
ROCE
-
EBITDA Margin (Avg.)
-
Quarterly Financial Results
Balance Sheet
| Balance Sheet | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Total Assets | 1,249 | 1,553 | 1,825 | 2,003 | 2,130 | 2,307 | 2,778 | 3,101 | 3,298 | 3,541 |
| Fixed Assets | 1 | 1 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
| Current Assets | 192 | 377 | 8 | 8 | 108 | 98 | 12 | 14 | 14 | 8 |
| Capital Work in Progress | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 186 | 333 | 1,776 | 1,952 | 1,979 | 2,167 | 2,738 | 3,065 | 3,270 | 3,528 |
| Other Assets | 1,062 | 1,219 | 46 | 48 | 147 | 137 | 36 | 32 | 25 | 10 |
| Total Liabilities | 1,249 | 1,553 | 1,825 | 2,003 | 2,130 | 2,307 | 2,778 | 3,101 | 3,298 | 3,541 |
| Current Liabilities | 2 | 5 | 3 | 6 | 4 | 2 | 1 | 1 | 1 | 1 |
| Non Current Liabilities | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Total Equity | 1,247 | 1,548 | 1,822 | 1,998 | 2,126 | 2,306 | 2,777 | 3,100 | 3,297 | 3,541 |
| Reserve & Surplus | 1,244 | 1,545 | 1,819 | 1,994 | 2,123 | 2,303 | 2,774 | 3,096 | 3,294 | 3,537 |
| Share Capital | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 | 3 |
Cash Flow
| Cash Flow | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
| Net Cash Flow | 1 | 0 | 1 | 3 | 72 | -75 | 2 | -0 | -2 |
| Investing Activities | 36 | 0 | -4 | 99 | -10 | -69 | 2 | 4 | 5 |
| Operating Activities | -34 | 2 | 6 | -95 | 82 | -5 | 1 | -3 | -6 |
| Financing Activities | -1 | -2 | -2 | -2 | 0 | -2 | -2 | -2 | -2 |
Share Holding
| % Holding | Mar 2021 | Jun 2021 | Sept 2021 | Dec 2021 | Mar 2022 | Jun 2022 | Sept 2022 | Dec 2022 | Mar 2023 | Jun 2023 | Sept 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sept 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sept 2025 |
| Promoter | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % | 74.90 % |
| FIIs | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.03 % | 0.06 % | 0.06 % | 0.07 % | 0.07 % | 0.06 % | 0.05 % |
| DIIs | 1.04 % | 0.99 % | 0.99 % | 0.96 % | 0.96 % | 0.96 % | 0.96 % | 0.96 % | 0.96 % | 0.96 % | 0.96 % | 0.96 % | 0.56 % | 0.53 % | 0.13 % | 0.06 % | 0.06 % | 0.06 % | 0.06 % |
| Government | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % | 0.00 % |
| Public / Retail | 17.96 % | 18.13 % | 18.06 % | 18.73 % | 20.22 % | 20.18 % | 20.21 % | 20.22 % | 20.26 % | 20.24 % | 20.30 % | 20.23 % | 20.62 % | 20.60 % | 20.91 % | 20.71 % | 19.95 % | 19.93 % | 19.90 % |
| Others | 6.09 % | 5.98 % | 6.04 % | 5.41 % | 3.92 % | 3.96 % | 3.93 % | 3.92 % | 3.88 % | 3.90 % | 3.84 % | 3.91 % | 3.89 % | 3.92 % | 3.99 % | 4.26 % | 5.03 % | 5.04 % | 5.09 % |
| No of Share Holders | 8,161 | 8,307 | 8,484 | 8,415 | 9,673 | 9,693 | 9,898 | 9,728 | 9,592 | 9,426 | 9,276 | 9,097 | 9,185 | 9,598 | 9,833 | 11,119 | 11,330 | 11,239 | 11,194 |
Dividend History
| Annual Cash Flows | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend Per Share (₹) | 0.00 | 5 | 5 | 5 | 0.00 | 5 | 5 | 5 | 5 | 5 |
| Dividend Yield (%) | 0.00 | 0.13 | 0.24 | 0.53 | 0.00 | 0.14 | 0.2 | 0.18 | 0.15 | 0.14 |
Corporate Action
| Record Date | Corporate Action | Information | Announcement Day | LTP at Annoucement | LTP at Record Day |
|---|---|---|---|---|---|
| 18 Sept 2021 |  Dividend | ₹ 5.00 /share | 16 Sept 2021 | 2,561.15 | 3,116.65 |
| 20 Sept 2022 | Dividend | ₹ 5.00 /share | 16 Sept 2022 | 3,016.35 | 3,346.25 |
| 16 Sept 2023 | Dividend | ₹ 5.00 /share | 15 Sept 2023 | 2,689.95 | 3,128.60 |
| 30 Sept 2023 |  Annual General Meeting | NA | 30 Sept 2023 | 3,103.70 | 3,058.65 |
| 07 Sept 2024 | Dividend | ₹ 5.00 /share | 06 Sept 2024 | 3,025.45 | 3,939.60 |
| 19 Sept 2024 | Annual General Meeting | NA | 19 Sept 2024 | 4,132.95 | 3,939.35 |
| 13 Nov 2024 |  Quarterly Result Announcement | NA | 13 Nov 2024 | 4,385.20 | 5,127.90 |
| 27 Jan 2025 | Quarterly Result Announcement | NA | 27 Jan 2025 | 3,992.00 | 3,925.70 |
| 23 May 2025 | Quarterly Result Announcement | NA | 23 May 2025 | 3,761.85 | 3,875.95 |
| 05 Aug 2025 | Quarterly Result Announcement | NA | 05 Aug 2025 | 4,010.90 | 3,910.30 |
| 12 Sept 2025 | Dividend | ₹ 5.00 /share | 12 Sept 2025 | 3,875.95 | 3,970.00 |
| 24 Sept 2025 | Annual General Meeting | NA | 24 Sept 2025 | 3,724.80 | 3,801.05 |
| 10 Nov 2025 | Quarterly Result Announcement | NA | 10 Nov 2025 | 4,152.10 | 3,858.70 |
Announcements
Announcement under Regulation 30 (LODR)-Resignation of Company Secretary / Compliance Officer
Nov 17, 2025
Nov 17, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationNov 11, 2025
Nov 11, 2025Results- Un-Audited Financial Results For The Quarter/ Half Year Ended 30.09.2025.Nov 10, 2025
Nov 10, 2025Board Meeting Intimation for Consideration And Approval Of The Un-Audited Financial Results Of The Company For The Quarter/ Half Year Ended 30Th September 2025.Nov 05, 2025
Nov 05, 2025Demat Report For The Month Ended 31St October 2025.Nov 05, 2025
Nov 05, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationOct 14, 2025
Oct 14, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Oct 07, 2025
Oct 07, 2025Demat Report For The Month Ended 30Th September 2025.Oct 07, 2025
Oct 07, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateSep 28, 2025
Sep 28, 2025Closure of Trading WindowSep 27, 2025
Sep 27, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 25, 2025
Sep 25, 2025Shareholder Meeting / Postal Ballot-Scrutinizers ReportSep 25, 2025
Sep 25, 2025AGM - UpdatesSep 24, 2025
Sep 24, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateSep 24, 2025
Sep 24, 2025Shareholder Meeting / Postal Ballot-Outcome of AGMSep 24, 2025
Sep 24, 2025Demat Report For The Month Ended 31St August 2025.Sep 08, 2025
Sep 08, 2025Dispatch Of Letter To The Members Of The Company.
Sep 03, 2025
Sep 03, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationSep 03, 2025
Sep 03, 2025Business Responsibility and Sustainability Reporting (BRSR)Sep 02, 2025
Sep 02, 2025Reg. 34 (1) Annual Report.Sep 02, 2025
Sep 02, 2025Corporate Action - Fixes Record Date For Dividend.Sep 02, 2025
Sep 02, 2025Shareholders Meeting - AGM On 24-09-2025Sep 02, 2025
Sep 02, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 21, 2025
Aug 21, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationAug 06, 2025
Aug 06, 2025Demat Report For The Month Ended 31.07.2025.Aug 06, 2025
Aug 06, 2025Announcement under Regulation 30 (LODR)-Change in DirectorateAug 05, 2025
Aug 05, 2025Results - Un-Audited Financial Results For The Quarter Ended 30.06.2025.Aug 05, 2025
Aug 05, 2025Board Meeting Intimation for Consideration And Approval Of Un-Audited Financial Results Of The Company For The Quarter Ended 30 June 2025.Jul 31, 2025
Jul 31, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 25, 2025
Jul 25, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationJul 15, 2025
Jul 15, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Jul 08, 2025
Jul 08, 2025Demat Report For The Month Ended 30 June 2025.Jul 04, 2025
Jul 04, 2025Closure of Trading WindowJun 28, 2025
Jun 28, 2025Demat Report For The Month Ended 31.05.2025.Jun 04, 2025
Jun 04, 2025Revised Outcome Of Board Meeting Dated 02.06.2025 - Approval For Execution Of Shareholders AgreementJun 02, 2025
Jun 02, 2025Board Meeting Outcome for OUTCOME OF BOARD MEETING - APPROVAL FOR EXECUTION OF SHAREHOLDERS AGREEMENTJun 02, 2025
Jun 02, 2025Compliances-Reg.24(A)-Annual Secretarial ComplianceMay 27, 2025
May 27, 2025Announcement under Regulation 30 (LODR)-Newspaper PublicationMay 24, 2025
May 24, 2025Announcement under Regulation 30 (LODR)-Change in ManagementMay 23, 2025
May 23, 2025Board Meeting Outcome for Outcome Of Board Meeting - Recommendation Of DividendMay 23, 2025
May 23, 2025Results- Financial Results For The Period Ended 31.03.2025May 23, 2025
May 23, 2025Board Meeting Intimation for Consideration And Approval Of Audited Financial Results Of The Company For The Financial Year Ended 31.03.2025 And Recommendation Of Dividend If Any.May 19, 2025
May 19, 2025Demat Report For The Month Ended 30.04.2025.May 06, 2025
May 06, 2025Demat Report For The Month Ended 31.03.2025Apr 05, 2025
Apr 05, 2025Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018Apr 04, 2025
Apr 04, 2025Closure of Trading WindowMar 27, 2025
Mar 27, 2025Demat Report For The Month Ended 28.02.2025.Mar 05, 2025
Mar 05, 2025Demat Report For The Month Ended 31.01.2025.Feb 04, 2025
Feb 04, 2025Please Find Attached Herewith Copy Of Newspapers Publication Of Financial Results For The Quarter/ Nine Months Year Ended 31.12.2024.Jan 28, 2025
Jan 28, 2025Integrated Filing (Financial)Jan 27, 2025
Jan 27, 2025Technical Indicators
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