Date 05.03.2025
Vardhman Textiles
Timeframe : Weekly Chart
Fundamental Remarks :
1 Vardhman textiles is engaged in the business of manufacturing Yarn, Fabric, Acrylic Fiber and Garments with a presence in India and in 75 countries across the globe.
2 The group is among the top three woven fabric manufacturers in India.
3 Domestic - ~52% & Exports- ~49%
4 Revenue Mix
Yarn- 64%
Fabric- 32%
Acrylic Fibre- 2%
Others- 2%
5 The company caters to some big international brands like GAP, H&M, Walmart, Calvin Klein, Tommy Hilfiger etc.
6 PE Ratio 13.3 II ROCE 8.73% II OPM 13%
7 Strength - Company has reduced debt & stock is trading at 1.19 times its book value
8 Weakness - Company has a low return on equity of 12.3% over last 3 years.
Todays Update :
INDIA AIMS TO INCREASE TEXTILE EXPORTS TO THE U.S. MARKET.
THE TEXTILE MINISTRY WILL SOON CHAIR A KEY MEETING WITH INDUSTRY STAKEHOLDERS
Technical Remarks :
1 Currently trading at ascending base of triangle with the support of 200 WEMA
2 Developing weekly pin bar (candlestick)
3 Breakout confirmation above 38.2% & breakdown confirmation below 50%
4 Between the two ratios is no trading zone
Regards,
Ankur
Vardhman Textiles
Timeframe : Weekly Chart
Fundamental Remarks :
1 Vardhman textiles is engaged in the business of manufacturing Yarn, Fabric, Acrylic Fiber and Garments with a presence in India and in 75 countries across the globe.
2 The group is among the top three woven fabric manufacturers in India.
3 Domestic - ~52% & Exports- ~49%
4 Revenue Mix
Yarn- 64%
Fabric- 32%
Acrylic Fibre- 2%
Others- 2%
5 The company caters to some big international brands like GAP, H&M, Walmart, Calvin Klein, Tommy Hilfiger etc.
6 PE Ratio 13.3 II ROCE 8.73% II OPM 13%
7 Strength - Company has reduced debt & stock is trading at 1.19 times its book value
8 Weakness - Company has a low return on equity of 12.3% over last 3 years.
Todays Update :
INDIA AIMS TO INCREASE TEXTILE EXPORTS TO THE U.S. MARKET.
THE TEXTILE MINISTRY WILL SOON CHAIR A KEY MEETING WITH INDUSTRY STAKEHOLDERS
Technical Remarks :
1 Currently trading at ascending base of triangle with the support of 200 WEMA
2 Developing weekly pin bar (candlestick)
3 Breakout confirmation above 38.2% & breakdown confirmation below 50%
4 Between the two ratios is no trading zone
Regards,
Ankur
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.