Arvind Fashions Ltd

Arvind Fashions Ltd

₹ 521 1.02%
03 Jul 10:55 a.m.
About

Arvind Fashions Ltd operates in the branded apparels, beauty and footwear space. It has a portfolio of several owned and licensed global brands across different segments. [1]

Key Points

Power Brands[1]
AFL has 5 brands which are profitable. They are :
1) U.S. Polo Assn. - Leader in casual lifestyle category. Thrust on opening larger sq ft. iconic stores (e.g. Jayanagar, Bangalore & Goa)
2) Arrow - Premiumization through ‘1851’ line continue to have robust sell-thru’s. Brand Ambassador - Hrithik Roshan
3) Tommy Hilfiger - Premium products category. Brand Ambassador - Neeraj Chopra.
4) Flying Machine - Company is transforming it with fresh brand identity including new logo, design and brand positioning. Brand Ambassador - Muhammad Ali[2]
5) Calvin Klein - Market leadership in bridge to luxury segment in Jeans, Tees and
Innerwear categories.[3]

  • Market Cap 6,941 Cr.
  • Current Price 521
  • High / Low 600 / 298
  • Stock P/E 184
  • Book Value 173
  • Dividend Yield 0.20 %
  • ROCE 2.53 %
  • ROE 1.63 %
  • Face Value 4.00

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 2.98 times its book value
  • Tax rate seems low
  • Company has a low return on equity of 0.81% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.64%

* 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: Trading Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
59.12 71.40 139.87 195.83 106.91 115.95 178.30 181.22 265.10 120.56 200.21 156.37 131.95
76.63 66.08 128.54 184.53 104.99 110.04 163.95 174.49 269.93 121.49 182.22 155.04 137.85
Operating Profit -17.51 5.32 11.33 11.30 1.92 5.91 14.35 6.73 -4.83 -0.93 17.99 1.33 -5.90
OPM % -29.62% 7.45% 8.10% 5.77% 1.80% 5.10% 8.05% 3.71% -1.82% -0.77% 8.99% 0.85% -4.47%
1.95 2.63 2.04 2.42 2.35 1.90 2.25 3.33 10.54 54.33 -33.61 -12.77 2.97
Interest 2.19 2.93 4.17 3.37 1.89 2.82 3.48 4.44 4.78 4.86 5.35 5.22 4.07
Depreciation 5.07 4.87 3.45 3.81 5.94 3.29 3.74 4.22 3.31 3.53 3.27 2.96 3.00
Profit before tax -22.82 0.15 5.75 6.54 -3.56 1.70 9.38 1.40 -2.38 45.01 -24.24 -19.62 -10.00
Tax % -0.44% 6.67% 17.22% 17.28% 19.38% 1.76% 1.07% 4.29% -2.10% 13.84% -2.10% 0.61% 41.30%
-22.92 0.14 4.76 5.41 -2.87 1.67 9.28 1.34 -2.43 38.78 -24.75 -19.50 -5.87
EPS in Rs -2.02 0.01 0.36 0.41 -0.22 0.13 0.70 0.10 -0.18 2.92 -1.86 -1.47 -0.44
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 292 1,001 1,010 854 298 514 741 609
0 290 906 916 804 278 484 718 597
Operating Profit 0 3 95 94 50 21 30 22 12
OPM % 1% 9% 9% 6% 7% 6% 3% 2%
0 1 1 2 -7 -31 9 18 11
Interest 0 5 10 18 38 32 13 16 20
Depreciation 0 4 11 15 13 18 18 15 13
Profit before tax 0 -6 74 62 -7 -60 9 10 -9
Tax % 37% 28% 1% 33% 0% 16% 2% -28%
0 -4 53 62 -5 -59 7 10 -11
EPS in Rs 5.49 -0.43 -5.23 0.56 0.74 -0.85
Dividend Payout % 0% 0% 0% 0% 0% 0% 135% -147%
Compounded Sales Growth
10 Years: %
5 Years: -10%
3 Years: 27%
TTM: -18%
Compounded Profit Growth
10 Years: %
5 Years: -9%
3 Years: 68%
TTM: 282%
Stock Price CAGR
10 Years: %
5 Years: 0%
3 Years: 56%
1 Year: 50%
Return on Equity
10 Years: %
5 Years: 1%
3 Years: 1%
Last Year: 2%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 0 22 23 23 23 42 53 53 53
Reserves 0 855 1,208 1,327 1,326 1,753 2,249 2,269 2,251
0 23 46 73 258 123 92 152 127
0 274 240 415 425 238 211 227 222
Total Liabilities 0 1,173 1,517 1,837 2,033 2,156 2,605 2,700 2,653
0 22 19 39 58 42 28 41 95
CWIP 0 0 0 7 0 0 0 0 0
Investments 0 848 1,141 1,244 1,301 1,754 2,108 2,129 1,985
0 303 357 547 674 360 469 530 574
Total Assets 0 1,173 1,517 1,837 2,033 2,156 2,605 2,700 2,653

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
0 243 -4 124 -0 -15 -87 38 -28
-0 -1,103 -303 -136 -145 -321 -366 -65 94
0 860 315 5 152 329 454 27 -63
Net Cash Flow 0 0 8 -7 7 -7 0 -1 3

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 43 14 53 79 146 193 120 136
Inventory Days 483 73 141 154 236 47 19 54
Days Payable 359 146 212 247 470 194 137 152
Cash Conversion Cycle 167 -60 -18 -13 -88 45 2 37
Working Capital Days 33 35 37 89 107 148 136 190
ROCE % -0% 8% 6% 3% 1% 1% 1%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
40.41% 36.96% 36.93% 36.92% 36.88% 36.84% 36.83% 36.82% 36.82% 36.80% 36.79% 36.78%
7.95% 7.84% 7.86% 7.87% 7.63% 7.64% 16.31% 16.31% 15.78% 16.60% 16.76% 15.73%
8.68% 10.85% 11.02% 11.25% 11.68% 11.06% 10.54% 10.53% 9.94% 8.00% 8.37% 10.66%
42.96% 44.35% 44.19% 43.95% 43.80% 44.44% 36.33% 36.33% 37.46% 38.59% 38.09% 36.82%
No. of Shareholders 1,79,4381,74,4081,72,3251,71,4651,68,8851,65,4541,65,8681,63,9301,62,1621,62,0141,67,3231,68,919

* 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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