Hold Vardhman Textiles, target price Rs 285: ICICI Direct

ICICI Direct has hold call on Vardhman Textiles with a target price of Rs 285. The current market price of Vardhman Textiles is Rs 255. Time period given by analyst is one year when Vardhman Textiles Ltd. price can reach defined target.

Vardhman Textiles Ltd., incorporated in the year 1973, is a Mid Cap company (having a market cap of Rs 7286.60 Crore) operating in Textiles sector.

Vardhman Textiles Ltd. key Products/Revenue Segments include Yarn, Fabric, Export Incentives, Others, Service Income for the year ending 31-Mar-2021.



Financials
For the quarter ended 31-03-2022, the company reported a Consolidated Total Income of Rs 2755.55 Crore, up 3.33 % from last quarter Total Income of Rs 2666.80 Crore and up 38.16 % from last year same quarter Total Income of Rs 1994.47 Crore. Company reported net profit after tax of Rs 309.00 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 62.93 per cent stake in the company as of 31-Mar-2022, while FIIs owned 8.26 per cent, DIIs 16.51 per cent.