VARDHMAN TEXTILES is slightly downgraded to Slightly Positive due to an increasingly adverse environment
The independent financial analyst theScreener just slightly lowered the general evaluation of VARDHMAN TEXTILES (IN), active in the Clothing & Accessories industry. As regards its fundamental valuation, the title confirms its rating of 4 out of 4 stars while its market behaviour remains unchanged and can be qualified as defensive. However, a marginally less favourable environment forces theScreener to downgrade slightly the title, which now shows an overall rating of Slightly Positive. As of the analysis date March 11, 2022, the closing price was INR 2,672.80 and its potential was estimated at INR 3,050.93.Vardhman Textiles Limited. Vardhman Textiles Limited is an integrated textile manufacturer. The Company is engaged in manufacturing of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fiber, tow and garments. The Company's segments include Textiles and Fibre. The Company is a piece dyed fabric manufacturer, and cotton yarn manufacturer and exporter. It offers the range of specialized greige and dyed yarns in cotton, polyester, acrylic and a range of blends. The Company also manufactures products, such as Organic Cotton, Melange, Core Spun Yarns, Ultra Yarns (Contamination controlled), Gassed Mercerised, Super Fine Yarns, Slub and Cellulose Yarns and Fancy Yarns for hand knitting. The Company has approximately 1.1 million spindles and a capacity to manufacture over 580 metric ton (MT) of yarn per day. The Company has manufacturing facilities located in Punjab, Himachal Pradesh and Madhya Pradesh. The Company markets its products in the European Union, the United States and the Far East.
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