Vedant Fashions Ltd.

•

vedantfashions.comBSE: 543463NSE: MANYAVAR

Market Cap₹ 14,160 Cr.

Current Price

High / Low₹ 779 / 329

Stock P/E36.7

Book Value₹ 84

Price to Book4.35

Dividend Yield1.33 %

ROCE29.4 %

ROE20.1 %

Face Value₹ 1

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ABOUT

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

View full sector analysis →

PROS

Company has delivered good profit growth of 23.5% CAGR over last 5 years
Company is almost debt free
Company has a healthy return on capital (ROCE) of 34.3%
Company has a good return on equity (ROE) track record: 3 Years ROE 23.6%
Company has delivered good sales growth of 21.5% CAGR over last 5 years
Strong cash generation - operating cash flow backs reported profits (CFO/PAT 1.15x)

CONS

Operating margins have contracted to 43.8% from 52.4%
Growth is decelerating - 3Y profit CAGR (-3.9%) trails the 5Y trend (23.5%)

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesTextileTextile

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	PAGEIND	35350.00	52.17	39428.94	1.56	192.81	-3.98	1420.45	7.89	73.60	20.35
2.	KPRMILL	1109.40	41.56	37920.85	0.45	258.54	21.55	1935.52	14.77	20.16	19.37
3.	WELSPUNLIV	207.80	70.72	19631.96	0.05	162.61	82.09	2795.45	23.66	6.41	11.53
4.	VTL	567.35	19.38	16429.14	0.88	314.56	51.46	2703.08	13.31	8.91	18.11
5.	ARVIND	575.25	37.79	15649.14	0.78	57.77	5.61	2500.96	24.65	15.30	9.64
6.	MANYAVAR	582.75	35.14	14159.56	1.33	66.90	37.31	267.95	22.74	29.45	45.53
7.	PGIL	1190.75	35.45	11000.28	0.61	992.34	51.37	15282.61	24.46	22.42	10.72
8.	SWANCORP	296.30	41.54	9287.73	0.05	-35.99	-233.33	1013.75	-16.44	4.50	-0.38
9.	ICIL	443.05	58.16	8774.80	0.34	63.22	67.28	1206.96	25.89	8.73	11.88
10.	GARFIBRES	797.15	37.06	7784.04	1.13	64.60	21.56	482.37	31.35	20.98	18.70
11.	KUSUMGAR	567.35	60.66	5956.69	0.00	426.47	—	2472.47	—	26.15	30.50
12.	GOKEX	785.80	55.93	5758.16	0.00	44.30	6.81	1153.51	20.69	9.10	9.75

Detailed Comparison with:

Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	311	218	474	363	240	268	511	367	281	263	492	399	301
	163	125	232	188	127	146	269	202	161	152	274	221	226
Operating Profit	148	93	242	175	113	122	242	166	121	111	218	179	76
OPM %	47.61%	42.56%	51.02%	48.21%	46.99%	45.53%	47.37%	45.10%	42.89%	42.10%	44.35%	44.78%	25.16%
	15	15	15	24	21	19	22	22	26	20	21	26	30
Interest	9	11	11	13	14	14	14	14	14	15	14	13	13
Depreciation	29	32	34	38	37	37	39	39	40	42	44	44	42
Profit before Tax	124	65	212	148	83	90	212	135	93	74	181	148	106
Tax %	25.64%	24.67%	25.58%	21.71%	24.77%	25.85%	25.31%	24.94%	24.05%	24.26%	25.59%	22.81%	23.61%
Net Profit	92	49	158	116	62	67	158	101	70	56	135	114	81
	3.80	2.02	6.50	4.77	2.57	2.75	6.50	4.16	2.89	2.31	5.55	4.71	3.32

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	596	759	794	915	542	1,009	1,326	1,368	1,386	1,435	1,456
	423	525	521	517	307	528	668	709	744	807	872
Operating Profit	174	234	274	398	235	480	658	658	643	628	584
OPM %	29.10%	30.81%	34.45%	43.48%	43.33%	47.62%	49.61%	48.12%	46.35%	43.77%	40.09%
	3	10	19	32	58	49	37	70	85	94	97
Interest	5	6	4	25	25	27	30	44	55	56	55
Depreciation	8	10	8	82	89	88	97	135	153	170	172
Profit before Tax	164	229	280	323	178	414	567	548	519	496	509
Tax %	35.26%	34.62%	34.87%	24.07%	26.75%	25.48%	25.42%	24.48%	25.22%	24.27%	24.18%
Net Profit	106	149	182	245	131	308	423	414	388	376	386
EPS	89.40	12.19	14.55	19.57	5.27	12.63	17.42	17.05	15.99	15.46	—
Dividend Payout %	0.00%	0.00%	0.00%	0.00%	0.00%	39.35%	51.67%	49.84%	50.03%	50.14%	—

COMPOUNDED SALES GROWTH

10 Years:: 11%
5 Years:: 21%
3 Years:: 3%

COMPOUNDED PROFIT GROWTH

10 Years:: 15%
5 Years:: 23%
3 Years:: -4%

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: -23%
1 Year:: -20%

RETURN ON EQUITY

10 Years:: 26%
5 Years:: 27%
3 Years:: 24%
Last Year:: 20%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	12	23	25	25	25	24	24	24	24	24
	317	683	865	1,051	1,071	1,056	1,363	1,569	1,755	1,933
	80	96	103	276	251	313	346	508	528	484
Trade Payables	34	43	60	49	48	68	85	89	102	62
	39	94	95	190	641	804	1,002	1,123	1,267	1,263
Total Liabilities	482	940	1,147	1,591	2,037	2,265	2,820	3,313	3,676	3,767
	141	316	252	482	446	495	518	663	688	659
Capital Work in Progress	4	0	1	0	0	0	2	0	0	0
	0	138	195	371	553	524	793	959	1,051	1,214
	97	88	90	115	100	141	173	139	202	145
	0	0	0	0	0	0	0	565	619	651
Cash & Bank	1	5	119	69	7	3	8	22	17	11
	238	393	490	553	931	1,101	1,327	966	1,099	1,086
Total Assets	482	940	1,147	1,591	2,037	2,265	2,820	3,313	3,676	3,767

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	101	124	274	316	287	448	604	483	389	481
Cash from Investing	-22	-279	-165	-96	-90	62	-228	-110	-16	-102
Cash from Financing	-16	224	-13	-138	-165	-406	-226	-362	-377	-386
	-0	-4	1	7	-2	-3	5	12	-4	-6

Ratios

Standalone Figures in Rs. Crores / View Consolidated

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	74.97	74.96	74.96	74.95	74.95	74.95	74.94	74.94	74.94
	9.04	9.53	10.54	10.14	9.88	9.76	9.29	8.28	7.95
	11.89	11.57	10.38	10.59	11.10	10.95	12.00	12.62	13.19
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Public	4.10	3.94	4.13	4.32	4.06	4.35	3.76	4.15	3.91

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-09

Updates

2026-09-09 - Vedant Fashions Limited has informed the Exchange regarding receipt of an Order-in-Appeal dated August 28, 2026 (received on September 08, 2026) from the Office of the Commissioner of CGST and CEX (Appeals-III), Mumbai, under the CGST Act 2017, vide the enclosed letter.

2026-09-05

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-05 - Vedant Fashions Limited has informed the Exchange about a schedule of meetings with the Institutional Investors/Analysts vide the enclosed Letter.

2026-09-05

Copy of Newspaper Publication

2026-09-05 - Vedant Fashions Limited has informed the Exchange about Copies of Newspaper Publication in relation to post-despatch of AGM Notice.

2026-09-04

Shareholders meeting

2026-09-04 - Vedant Fashions Limited has informed the Exchange about the Notice of the upcoming 24th Annual General Meeting of the Members to be held on September 28, 2026 at 03.00 PM.

2026-09-04

General Updates

2026-09-04 - In continuation of its earlier intimations dated Aug 27, 2026 & Sept 01, 2026, Vedant Fashions Limited has informed the Exchange about the rescheduling of meeting with investor/analyst, as detailed in the enclosed letter.

2026-09-03

Copy of Newspaper Publication

2026-09-03 - Vedant Fashions Limited has informed the Exchange about Copy of Newspaper Publication w.r.t pre-despatch of AGM Notice.

2026-09-02

Appointment

2026-09-02 - Vedant Fashions Limited has informed the Exchange regarding Appointment of Ms Neetu Kashiramka as Non- Executive Independent Director of the company w.e.f. September 02, 2026.

2026-09-02

General Updates

2026-09-02 - Vedant Fashions Limited has informed the Exchange regarding 'convening of 24th Annual General Meeting ('AGM') On Monday, September 28, 2026'.

2026-09-02

General Updates

2026-09-02 - Vedant Fashions Limited has informed the Exchange about reconstitution of the Committees of the Board.

News

Recent coverage and analyst commentary for MANYAVAR

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Vedant Fashions Ltd.

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Free 5nance Account

Name

PAGEIND

35350.00

52.17

39428.94

1.56

192.81

-3.98

1420.45

7.89

73.60

20.35

KPRMILL

1109.40

41.56

37920.85

0.45

258.54

21.55

1935.52

14.77

20.16

19.37

WELSPUNLIV

207.80

70.72

19631.96

0.05

162.61

82.09

2795.45

23.66

6.41

11.53

VTL

567.35

19.38

16429.14

0.88

314.56

51.46

2703.08

13.31

8.91

18.11

ARVIND

575.25

37.79

15649.14

0.78

57.77

5.61

2500.96

24.65

15.30

9.64

MANYAVAR

582.75

35.14

14159.56

1.33

66.90

37.31

267.95

22.74

29.45

45.53

PGIL

1190.75

35.45

11000.28

0.61

992.34

51.37

15282.61

24.46

22.42

10.72

SWANCORP

296.30

41.54

9287.73

0.05

-35.99

-233.33

1013.75

-16.44

4.50

-0.38

ICIL

443.05

58.16

8774.80

0.34

63.22

67.28

1206.96

25.89

8.73

11.88

GARFIBRES

797.15

37.06

7784.04

1.13

64.60

21.56

482.37

31.35

20.98

18.70

KUSUMGAR

567.35

60.66

5956.69

0.00

426.47

—

2472.47

—

26.15

30.50

GOKEX

785.80

55.93

5758.16

0.00

44.30

6.81

1153.51

20.69

9.10

9.75

Jun 2023

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

311

218

474

363

240

268

511

367

281

263

492

399

301

163

125

232

188

127

146

269

202

161

152

274

221

226

Operating Profit

148

242

175

113

122

242

166

121

111

218

179

OPM %

47.61%

42.56%

51.02%

48.21%

46.99%

45.53%

47.37%

45.10%

42.89%

42.10%

44.35%

44.78%

25.16%

Interest

Depreciation

Profit before Tax

124

212

148

212

135

181

148

106

Tax %

25.64%

24.67%

25.58%

21.71%

24.77%

25.85%

25.31%

24.94%

24.05%

24.26%

25.59%

22.81%

23.61%

Net Profit

158

116

158

101

135

114

3.80

2.02

6.50

4.77

2.57

2.75

6.50

4.16

2.89

2.31

5.55

4.71

3.32

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

596

759

794

915

542

1,009

1,326

1,368

1,386

1,435

1,456

423

525

521

517

307

528

668

709

744

807

872

Operating Profit

174

234

274

398

235

480

658

643

628

584

OPM %

29.10%

30.81%

34.45%

43.48%

43.33%

47.62%

49.61%

48.12%

46.35%

43.77%

40.09%

Interest

Depreciation

135

153

170

172

Profit before Tax

164

229

280

323

178

414

567

548

519

496

509

Tax %

35.26%

34.62%

34.87%

24.07%

26.75%

25.48%

25.42%

24.48%

25.22%

24.27%

24.18%

Net Profit

106

149

182

245

131

308

423

414

388

376

386

EPS

89.40

12.19

14.55

19.57

5.27

12.63

17.42

17.05

15.99

15.46

—

Dividend Payout %

0.00%

39.35%

51.67%

49.84%

50.03%

50.14%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

317

683

865

1,051

1,071

1,056

1,363

1,569

1,755

1,933

103

276

251

313

346

508

528

484

Trade Payables

102

190

641

804

1,002

1,123

1,267

1,263

Total Liabilities

482

940

1,147

1,591

2,037

2,265

2,820

3,313

3,676

3,767

141

316

252

482

446

495

518

663

688

659

Capital Work in Progress

138

195

371

553

524

793

959

1,051

1,214

115

100

141

173

139

202

145

565

619

651

Cash & Bank

119

238

393

490

553

931

1,101

1,327

966

1,099

1,086

Total Assets

482

940

1,147

1,591

2,037

2,265

2,820

3,313

3,676

3,767

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

101

124

274

316

287

448

604

483

389

481

Cash from Investing

-22

-279

-165

-96

-90

-228

-110

-16

-102

Cash from Financing

-16

224

-13

-138

-165

-406

-226

-362

-377

-386

-0

-4

-2

-3

-4

-6

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

74.97

74.96

74.95

74.94

9.04

9.53

10.54

10.14

9.88

9.76

9.29

8.28

7.95

11.89

11.57

10.38

10.59

11.10

10.95

12.00

12.62

13.19

Government

0.00

Public

4.10

3.94

4.13

4.32

4.06

4.35

3.76

4.15

3.91

Vedant Fashions Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

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Vedant Fashions Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI