By Prashant Marathe | 23 May 2025 | EduInvesting
📌 At a Glance
Vardhman Holdings (BSE: 500439 | NSE: VHL) is technically an “investment company.”
But with ₹3,540 Cr in assets, ₹272 Cr PAT, and zero noise — it might be India’s stealthiest wealth vehicle.
📈 FY25 Consolidated Highlights:
- 💰 PAT: ₹272.97 Cr (vs ₹194.23 Cr last year)
- 🧮 EPS: ₹808.40
- 🏦 Cash & Equivalents: ₹0.49 Cr
- 📦 Investments: ₹3,046 Cr in Vardhman Group stocks
- 💸 Dividend: ₹5/share
- 🔍 CMP: ₹3,920.30
- 🪑 Market Cap: ~₹1,250 Cr
- 📚 Book Value: ~₹1,112/share
Yes, you read that right: trading at ~3.5x book — all because the “book” includes decades-old holdings in Vardhman Textiles & VSGML at cost.
🏭 What Does Vardhman Holdings Do?
Not yarn. Not steel. Not manufacturing.
🎯 Vardhman Holdings is a pure investment vehicle, mainly holding:
- Vardhman Textiles Ltd (Associate)
- Vardhman Spinning & General
