VHLFinancial Services

Vardhman Holdings Limited

Investment Company · ISIN INE701A01023 · BSE 500439 · NSE EQ · FV ₹10
Last price
₹3,404
+0.20%today
What this company does

Vardhman Holdings Limited operates in Investment Company, part of the Financial Services sector. It booked ₹11 cr of revenue in its latest quarter (Q1 FY27) and kept 905.6% of sales as profit.

In the report:
73out of 100
Equitytale Health Score
Solid

Healthier than 73% of companies in Financial Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 106–250 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
41

At close. Not part of the score.

Profitability & returns65

How much profit it earns on the money it employs

Cash quality36

Whether reported profit actually arrives as cash

Growth & consistency61

Whether sales and profit have grown, and how steadily

Valuation96

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: balance sheet. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
Makes a profit
Strong 906% net margin
Sales up 218% vs last year
Profit up 57% vs last year
Promoters hold 75%
No promoter shares pledged
Virtually debt-free
Watch-outs
! Operating cash flow is negative

What if I invest in VHL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹3,404 +0.20%
latest close · 2026-09-17
1-year return
+14.9%
52-wk low ₹2,55752-wk high ₹4,680
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio2.8Low
LowAverageHigh
P/B ratio0.29Below book
Below bookModerateHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity10.4%Fair
WeakFairStrong ▸15%
Net margin905.6%Strong
ThinDecentStrong
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
More figures
Market cap
₹1,086 cr
Book value
₹11,805
EPS
₹307.27
latest quarter
Net debt
Enterprise value
EBITDA
EBIT
Operating margin
Return on assets
10.4%
Earnings yield
36.11%
P/S
25.06
Sales / share
₹135.8
Tax rate
21.3%
Face value
₹10
Shares
0.3 cr
Working capital
Current assets
Current liabilities
Delivery %
73.7%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The models value it far above the market price — almost always a data quirk or a value trap, so we won't call it a bargain.
Models span ₹4,976₹13,602, midpoint ₹12,940

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹11 cr
Other Income₹51 L
Total Income₹11 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹0 cr
Employee Benefit Expense₹20 L
Finance Costs₹0 cr
Depreciation & Amortisation₹0 cr
Other Expenses₹55 L
Total Expenses₹75 L
Profit before Tax₹11 cr
Tax Expense₹2 cr
Share of JV / Associates₹90 cr
Net Profit₹98 cr
Net margin on total income864.9%
Where the money goes · Q1 FY27
% of total income
Employee benefit expense₹20 L0.2%
Other expenses₹55 L0.5%
Tax expense₹2 cr2.2%
Profit for the period₹98 cr97.0%
Total income ₹11 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue6 cr33 L11 cr
Total income6 cr81 L11 cr
Expenses51 L90 L75 L
Profit before tax6 cr-9 L11 cr
Tax1 cr-17 L2 cr
Net profit (owners' share)54 cr54 cr98 cr
Net margin (owners' share, on revenue)932.5%905.6%
EPS (₹)168.28167.97307.27
YoY (latest quarter): total income +193.8% · net profit +56.7%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹3,769 cr
Shareholder equity
₹3,766 cr
parent shareholders
Total debt
₹0 cr
Cash
₹42 L
Cash flow · H1 FY26
Operating
₹-95 L
Investing
₹3 cr
Financing
₹-2 cr
Peer comparison
Investment Company · by market value
CompanyPriceMarket capP/E
Jio Financial Services Limited₹229₹1.51 L cr45.1
Aditya Birla Capital Limited₹390₹1.07 L cr21.9
Cholamandalam Financial Holdings Limited₹1,499₹62,490 cr8.7
Tata Investment Corporation Limited₹719₹36,397 cr63.3
TVS Holdings Limited₹12,884₹26,077 cr10.7
Religare Enterprises Limited₹250₹15,052 cr
Maharashtra Scooters Limited₹13,151₹15,032 cr1,129.8
JSW Holdings Limited₹11,146₹12,370 cr126.0
Pilani Investment and Industries Corporation Limited₹4,082₹4,520 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.15%
trailing 12 months
Dividend / share (TTM)
₹5
Last dividend
₹5
ex 28 Aug 2026
ActionDetailEx-date
Dividend₹5 / share28 Aug 2026
Dividend₹5 / share12 Sep 2025
Dividend₹5 / share6 Sep 2024
Dividend₹5 / share15 Sep 2023
Dividend₹5 / share16 Sep 2022
Dividend₹5 / share16 Sep 2021
Who owns it · 2026-06-30
No pledge
Promoter
74.9%
FII / Foreign
0.1%
DII / Domestic
0.1%
Retail / others
25.0%
Smart-money activity
Bulk / block deals
BoughtCHANDRAVADAN DESAI · NSE29,980 @ ₹1,094.885 Jul 16
SoldCD EQUIFINANCE PRIVATE LIMITED · NSE30,000 @ ₹1,094.885 Jul 16
BoughtSHELLY DESAI · NSE16,868 @ ₹1,076.629 Jun 16
Stake changes
BoughtSP Oswal Trust · promoter→ 0.00%29 Jun 23
BoughtMrs Shakun Oswal Trust · promoter→ 0.00%29 Jun 23
BoughtAnil Kumar Goel along with PAC→ 5.12% · 8,1983 Dec 21
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 24 Sep 2025
See the official result
1
1a. To receive, consider and adopt the Audited Standalone Financial Statements of the Company for the financial year ended 31st March, 2025, together with reports of Board of Directors and Auditors thereon.
Backed by 99% of shareholders other than promotersneeded 50%
16,430 votes for, 150 against · 0% of mutual funds and other big investors said no
2
1b. To receive, consider and adopt the Audited Consolidated Financial Statements of the Company for the financial year ended 31st March, 2025, together with report of Auditors thereon.
Backed by 99% of shareholders other than promotersneeded 50%
16,430 votes for, 150 against · 0% of mutual funds and other big investors said no
3
To declare a dividend of Rs. 5 per equity share for the year ended 31st March, 2025.
Backed by 94% of shareholders other than promotersneeded 50%
15,521 votes for, 1,059 against · 63% of mutual funds and other big investors said no
4
To appoint a Director in place of Mr. Sachit Jain (DIN: 00746409), who retires by rotation in terms of Section 152(6) of the Companies Act, 2013 and being eligible, offers himself for re-appointment.
Promoters had a personal stake in this
Backed by 96% of shareholders other than promotersneeded 50%
16,045 votes for, 722 against · 32% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 18 named members
owning 74.9% between them · as of 2026-06-30
DEVAKAR INVESTMENT AND TRADING COMPANY PRIVATE LIMITED34.29%
ADISHWAR ENTERPRISES LLP32.86%
SHRI PAUL OSWAL1.78%
FLAMINGO FINANCE AND INVESTMENT COMPANY LIMITED1.59%
RAMANIYA FINANCE AND INVESTMENT COMPANY LIMITED0.92%
SUCHITA JAIN0.89%
SHAKUN OSWAL0.60%
NORTHERN TRADING COMPANY0.43%

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.