Vardhman Acrylics Limited

Manufacturer of man-made fibers for various industries, marketed under the brand 'Varlan'.

1990 | Ludhiana, Punjab (India) | Active
Last Updated:

Vardhman Acrylics Profile

Key Indicators

  • Authorised Capital ₹ 150.00 Cr
  • Paid Up Capital ₹ 80.36 Cr
  • Company Age 34 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 275.23 Cr
  • Revenue Growth 7.50%
  • Profit Growth -66.07%
  • Ebitda -81.46%
  • Net Worth -46.70%
  • Total Assets -37.67%

About Vardhman Acrylics

Vardhman Acrylics Limited (VAL) is a leading Public Limited Indian Non-Government Company incorporated in India on 24 December 1990 and has a history of 34 years and two months. Its registered office is in Ludhiana, Punjab, India.

It is listed on the National Stock Exchange(NSE) under the ticker symbol VARDHACRLC.

The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 150.00 Cr and a paid-up capital of Rs 80.36 Cr.

The company has closed loans amounting to ₹275.23 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Vardhman Acrylics Limited India are Satin Katyal as COMPANY SECRETARY and Raish Shaikh as Cfo. Anil Kumar, Parakh Oswal, Bhooshan Uppal, and Seven other members serve as directors at the Company.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    vardhmanacrylics.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L51491PB1990PLC019212

  • Company No.

    019212

  • Stock Symbol

    NSE : VARDHACRLC

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    24 Dec 1990

  • Date of AGM

    19 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing

Who are the key members and board of directors at Vardhman Acrylics?

Executive Team (2)

NameDesignationAppointment DateStatus
Satin Katyal Country flag representing In Company Secretary06-May-2019Current
Raish Shaikh CFO08-Dec-2023Current

Board Members (10)

NameDesignationAppointment DateStatus
Sanjeev Jain Country flag representing In Director 01-Nov-2023Current
Parakh Oswal Country flag representing In Director 19-Jul-2022Current
Sandeep Kapur Country flag representing In Director 01-Aug-2023Current
Anil Kumar Country flag representing In Director 19-Jul-2022Current
Bhooshan Uppal Country flag representing In Director 19-Jul-2022Current
Vivek Gupta Country flag representing In Whole-Time Director 01-Nov-2023Current

Financial Performance of Vardhman Acrylics.

Vardhman Acrylics Limited, for the financial year ended 2022, experienced modest growth in revenue, with a 7.5% increase. The company also saw a substantial fall in profitability, with a 66.07% decrease in profit. The company's net worth observed a substantial decline by a decrease of 46.7%.

Vardhman Acrylics revenue growth over time
Vardhman Acrylics profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
7.50%
Revenue from Operations
8.26%
Total Assets
-37.67%
Profit or Loss
-66.07%
Net Worth
-46.70%
EBITDA
-81.46%

What is the Ownership and Shareholding Structure of Vardhman Acrylics?

In 2021, Vardhman Acrylics had a promoter holding of 74.97% and a public holding of 25.03%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹275.23 Cr

Charges Breakdown by Lending Institutions

  • I.D.B.I. : 88.48 Cr
  • Others : 50.00 Cr
  • Industrial Development Bank Of India : 50.00 Cr
  • State Bank Of Patiala : 46.75 Cr
  • Axis Bank Limited : 40.00 Cr

Latest Charge Details

DateLenderAmountStatus
10 Mar 2016Others₹50.00 CrSatisfied
22 Mar 2012Axis Bank Limited₹40.00 CrSatisfied
22 Aug 2001I.D.B.I.₹88.48 CrSatisfied
08 Jun 1999State Bank Of Patiala₹46.75 CrSatisfied
22 May 1996Industrial Development Bank Of India₹50.00 CrSatisfied

How Many Employees Work at Vardhman Acrylics?

Vardhman Acrylics has a workforce of 324 employees as of Apr 01, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Vardhman Acrylics Limited

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Vardhman Acrylics, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Vardhman Acrylics's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Vardhman Acrylics

Recent activity within the organization

  • Annual General Meeting

    Vardhman Acrylics Limited last Annual general meeting of members was held on 19 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Vardhman Acrylics Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

  • Director Appointment

    Raish Munir Shaikh was appointed as a Cfo was appointed as a Cfo on 08 Dec 2023 & has been associated with this company since 1 year 2 months .

  • Director Appointment

    Vivek Gupta was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 01 Nov 2023 & has been associated with this company since 1 year 4 months .

  • Director Appointment

    Sanjeev Jain was appointed as a Director was appointed as a Director on 01 Nov 2023 & has been associated with this company since 1 year 4 months .

  • Director Appointment

    Sandeep Kapur was appointed as a Director was appointed as a Director on 01 Aug 2023 & has been associated with this company since 1 year 7 months .

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Vardhman Acrylics Limited?

    Vardhman Acrylics Limited was incorporated on 24 Dec 1990.

  • What is authorized share capital and paid-up capital of Vardhman Acrylics Limited?

    The authorized share capital of Vardhman Acrylics Limited is ₹ 150.00 Cr and paid-up capital is ₹ 80.36 Cr.

  • Who are the current board members & directors of Vardhman Acrylics Limited?

    Currently 12 directors are associated with Vardhman Acrylics Limited.

    • Anil Kumar
    • Parakh Oswal
    • Bhooshan Lal Uppal
    • Vivek Gupta
    • Satin Katyal
    • Raish Munir Shaikh
    • Sandeep Kapur
    • Sanjeev Jain
    • Suchita Jain
    • Sachit Jain
    • Bal Krishan Choudhary
    • Shri Paul Oswal

  • What is the registered address of Vardhman Acrylics Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Vardhman Acrylics Limited is Vardhman Premises Chandigarh Road, India, Ludhiana., Punjab, 141010.

  • What is the corporate identification number (CIN) and company number of Vardhman Acrylics Limited?

    The corporate identification number (CIN) of Vardhman Acrylics Limited is L51491PB1990PLC019212 and the company number is 019212 as per Ministry of Corporate Affairs (MCA).

  • Is Vardhman Acrylics Limited registered with any stock exchange in India?

    Yes, Vardhman Acrylics Limited is registered on National Stock Exchange (NSE).

  • What is the official website of Vardhman Acrylics Limited?

    The Official website of Vardhman Acrylics Limited is https://www.vardhmanacrylics.com

  • What has been the recent revenue trend for Vardhman Acrylics Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Vardhman Acrylics Limited has risen by 7.50%.

  • How many employees does Vardhman Acrylics Limited currently have?

    As Per 2022 financial reports, 324 employees are currently employed by Vardhman Acrylics Limited.

  • What change has been observed in the net worth of Vardhman Acrylics Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Vardhman Acrylics Limited has experienced an downturn of -46.70%.

  • When was the last Balance Sheet of Vardhman Acrylics Limited filed with the ROC?

    The most recent Balance Sheet for Vardhman Acrylics Limited was filed with the ROC on 31 Mar 2024.

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