Arvind Ltd

Arvind Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Arvind Ltd

₹ 404 -0.70%
26 Dec 4:01 p.m.
arvind.com BSE: 500101 NSE: ARVIND
About

Arvind Limited (‘the Company’) is one of India’s leading vertically integrated textile company with the presence of almost eight decades in this industry. It is among the largest denim manufacturers in the world. It also manufactures a range of cotton shirting, denim, knits and bottom weights (Khakis) fabrics and Jeans and Shirts Garments. [1]

Key Points

Leading Denim Manufacturer[1]
Arvind is a leading manufacturer of denim and woven fabrics, with capacities of 100 million meters per annum (MMPA) and 150 MMPA, respectively, as of March 31, 2023. The company also produces cotton shirting, knits, Khakis, and technical textiles.

Website BSE NSE
  • Market Cap ₹ 10,575 Cr.
  • Current Price ₹ 404
  • High / Low ₹ 450 / 236
  • Stock P/E 46.1
  • Book Value ₹ 130
  • Dividend Yield 0.93 %
  • ROCE 12.8 %
  • ROE 9.50 %
  • Face Value ₹ 10.0
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Pros

  • Company has been maintaining a healthy dividend payout of 28.1%

Cons

  • Stock is trading at 3.10 times its book value
  • Company has a low return on equity of 8.25% over last 3 years.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

Peer comparison

Sector: Textiles Industry: Textiles - Cotton/Blended

Part of Nifty Total Market BSE SmallCap BSE Allcap BSE Consumer Discretionary Nifty Microcap 250

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024
1,981 2,124 1,995 2,175 1,995 1,846 1,707 1,689 1,757 1,754 1,900 1,688 2,023
1,759 1,906 1,787 1,985 1,821 1,678 1,541 1,535 1,578 1,558 1,693 1,557 1,821
Operating Profit 223 218 208 189 173 168 166 154 179 196 207 131 202
OPM % 11% 10% 10% 9% 9% 9% 10% 9% 10% 11% 11% 8% 10%
-3 -1 -178 94 -22 18 -16 17 15 10 -11 14 -9
Interest 46 38 38 38 40 40 36 34 37 36 43 38 37
Depreciation 51 51 51 51 51 52 54 54 56 51 52 52 53
Profit before tax 123 129 -59 194 60 94 59 82 102 119 100 55 103
Tax % 39% 38% 63% 10% 33% 14% 18% 22% 24% 24% 28% 28% 90%
75 79 -97 176 40 81 49 64 78 91 72 40 10
EPS in Rs 2.88 3.05 -3.71 6.74 1.53 3.12 1.87 2.45 2.99 3.47 2.75 1.52 0.40
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Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
3,780 4,775 5,225 5,357 5,967 6,332 6,436 6,705 4,529 7,436 7,723 7,100 7,365
3,194 3,980 4,380 4,549 5,234 5,694 5,803 5,997 4,051 6,646 7,003 6,334 6,629
Operating Profit 587 796 845 808 732 639 633 708 477 790 720 767 736
OPM % 16% 17% 16% 15% 12% 10% 10% 11% 11% 11% 9% 11% 10%
93 67 96 103 -177 52 33 21 38 -197 74 30 4
Interest 268 296 338 310 239 189 227 239 222 185 177 180 155
Depreciation 150 158 126 149 182 201 210 241 236 203 208 213 208
Profit before tax 261 409 478 451 135 299 229 250 56 205 408 404 377
Tax % -0% 12% 21% 29% 86% 16% 13% 31% -65% 71% 15% 25%
261 361 377 321 19 250 199 171 93 59 346 305 213
EPS in Rs 10.12 14.00 14.62 12.42 0.72 9.67 7.71 6.62 3.58 2.28 13.23 11.65 8.14
Dividend Payout % 16% 17% 17% 19% 334% 25% 26% -0% -0% -0% 43% 41%
Compounded Sales Growth
10 Years: 4%
5 Years: 2%
3 Years: 16%
TTM: 5%
Compounded Profit Growth
10 Years: -1%
5 Years: 6%
3 Years: 43%
TTM: -21%
Stock Price CAGR
10 Years: 16%
5 Years: 60%
3 Years: 52%
1 Year: 55%
Return on Equity
10 Years: 8%
5 Years: 7%
3 Years: 8%
Last Year: 10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 258 258 258 258 258 259 259 259 259 261 262 262 262
Reserves 2,041 2,378 2,587 2,728 2,753 2,900 2,558 2,595 2,682 2,751 3,035 3,215 3,147
2,119 2,417 2,750 3,123 2,428 2,562 2,652 2,431 1,985 1,783 1,420 1,320 1,483
865 981 1,057 880 1,018 1,324 1,546 1,530 1,682 2,619 1,681 1,932 2,011
Total Liabilities 5,284 6,034 6,652 6,990 6,458 7,044 7,014 6,815 6,609 7,413 6,398 6,729 6,903
2,340 2,496 2,620 2,830 3,100 3,148 3,172 3,461 3,258 3,226 3,177 3,197 3,250
CWIP 200 72 76 98 77 60 190 71 74 42 78 91 156
Investments 493 700 885 1,266 523 883 517 525 532 452 387 344 364
2,251 2,765 3,071 2,796 2,759 2,953 3,135 2,758 2,745 3,694 2,756 3,098 3,132
Total Assets 5,284 6,034 6,652 6,990 6,458 7,044 7,014 6,815 6,609 7,413 6,398 6,729 6,903

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
431 495 711 705 536 554 725 983 768 520 563 631
-341 -488 -732 -545 465 -441 -510 -337 -138 -115 -59 -198
24 -47 -62 -163 -1,012 -108 -200 -650 -641 -377 -511 -433
Net Cash Flow 114 -40 -82 -3 -12 5 16 -4 -11 28 -7 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 43 40 32 31 29 42 41 49 75 52 40 49
Inventory Days 205 163 174 194 186 162 167 110 166 193 129 184
Days Payable 156 124 121 108 88 118 146 119 220 204 96 134
Cash Conversion Cycle 93 79 86 117 127 87 61 40 21 42 74 99
Working Capital Days 84 93 99 110 104 90 80 52 77 55 52 59
ROCE % 12% 15% 15% 13% 11% 9% 9% 10% 6% 13% 12% 13%

Shareholding Pattern

Numbers in percentages

Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
41.31% 41.30% 41.26% 41.26% 41.26% 41.16% 41.16% 41.14% 41.14% 41.13% 39.61% 39.59%
12.29% 11.73% 11.42% 12.05% 11.14% 9.63% 10.74% 10.56% 12.63% 15.15% 17.54% 18.33%
11.04% 12.06% 11.14% 9.85% 9.07% 8.58% 11.41% 13.10% 14.23% 14.80% 16.31% 17.20%
35.37% 34.90% 36.18% 36.84% 38.53% 40.63% 36.70% 35.20% 31.97% 28.92% 26.55% 24.89%
No. of Shareholders 2,02,1502,03,3102,08,6922,12,9312,18,2162,15,7861,96,8262,05,4582,03,5921,99,2801,88,3821,92,397

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

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