Weak FY15 seen; hope to maintain margins: Vardhman

Neeraj Jain, executive director, Vardhman Textiles expects the company's debt to equity ratio to come down.

In an interview to CNBC-TV18, Neeraj Jain, executive director,  Vardhman Textiles says the company is likely to see a weak fiscal year ahead and expects it to be worse than FY14.

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Vardhman Text stock price

On September 26, 2014, at 14:12 hrs Vardhman Textiles was quoting at Rs 439.05, up Rs 0.15, or 0.03 percent. The 52-week high of the share was Rs 529.00 and the 52-week low was Rs 318.00.

The company's trailing 12-month (TTM) EPS was at Rs 96.41 per share as per the quarter ended June 2014. The stock's price-to-earnings (P/E) ratio was 4.55. The latest book value of the company is Rs 447.48 per share. At current value, the price-to-book value of the company is 0.98.

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