Vedant Fashions Ltd

Vedant Fashions Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vedant Fashions Ltd

₹ 1,238 -1.55%
06 Jan 10:28 a.m.
vedantfashions.com BSE: 543463 NSE: MANYAVAR
About

Vedant Fashions Limited caters to the Indian celebration wear market with a diverse portfolio of brands. The company offers its customers a one-stop destination for every celebratory occasion and the largest men's Indian wedding and celebration wear by revenue.VFL commands a dominant position in conventionally unorganized market segment.[1]

Key Points

Leadership[1]
Largest company in India in men’s Indian wedding & celebration wear.

Website BSE NSE
  • Market Cap ₹ 30,085 Cr.
  • Current Price ₹ 1,238
  • High / Low ₹ 1,512 / 886
  • Stock P/E 74.9
  • Book Value ₹ 62.7
  • Dividend Yield 0.68 %
  • ROCE 30.8 %
  • ROE 26.8 %
  • Face Value ₹ 1.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.3%
  • Company has been maintaining a healthy dividend payout of 46.9%

Cons

  • Stock is trading at 20.1 times its book value
  • Company has high debtors of 151 days.

* 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: Readymade Garments/ Apparells Industry: Textiles - Products

Part of BSE 250 LargeMidCap Index Nifty Smallcap 250 Nifty MidSmallcap 400 Nifty 500 Multicap 50:25:25 BSE 400 MidSmallCap Index

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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
195 373 289 317 242 431 336 311 218 474 362 239 268
106 187 149 157 129 212 170 163 125 232 188 127 146
Operating Profit 89 186 140 160 113 219 166 148 93 242 175 112 122
OPM % 46% 50% 48% 50% 47% 51% 49% 48% 43% 51% 48% 47% 45%
8 11 11 7 9 9 12 15 15 15 24 21 19
Interest 6 7 8 7 7 7 8 9 11 11 13 14 14
Depreciation 21 23 25 25 23 23 26 29 32 34 38 37 37
Profit before tax 70 167 118 135 92 197 143 124 65 212 147 83 90
Tax % 25% 25% 26% 26% 25% 26% 25% 26% 25% 26% 22% 25% 26%
52 125 87 100 69 147 107 92 49 158 116 62 66
EPS in Rs 2.15 5.15 3.60 4.12 2.84 6.05 4.41 3.80 2.02 6.49 4.76 2.55 2.73
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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 TTM
504 596 760 794 915 542 1,009 1,326 1,365 1,343
354 423 526 521 517 307 528 668 708 692
Operating Profit 150 173 234 274 398 235 480 658 657 650
OPM % 30% 29% 31% 34% 44% 43% 48% 50% 48% 48%
2 3 10 19 32 58 49 37 68 79
Interest 6 5 6 4 25 25 27 30 44 52
Depreciation 7 8 10 8 82 89 88 97 132 146
Profit before tax 139 164 229 280 323 178 414 567 548 531
Tax % 35% 35% 35% 35% 24% 27% 25% 25% 24%
90 106 149 182 245 131 308 423 415 402
EPS in Rs 76.04 89.43 11.94 14.56 19.57 10.55 12.70 17.42 17.07 16.53
Dividend Payout % 13% 0% 0% 0% 20% 0% 39% 52% 50%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 36%
TTM: 4%
Compounded Profit Growth
10 Years: %
5 Years: 17%
3 Years: 47%
TTM: 2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: 4%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 29%
Last Year: 27%

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 Sep 2024
Equity Capital 12 12 23 25 25 25 24 24 24 24
Reserves 221 317 683 865 1,051 1,075 1,060 1,371 1,573 1,498
22 9 13 0 307 204 263 293 444 463
109 154 221 257 208 320 402 473 461 470
Total Liabilities 364 492 940 1,147 1,591 1,623 1,749 2,161 2,503 2,455
104 141 316 252 482 446 495 518 663 677
CWIP 3 5 1 2 0 0 0 2 0 0
Investments 0 0 138 195 371 553 524 793 958 760
257 345 485 698 737 624 730 848 882 1,018
Total Assets 364 492 940 1,147 1,591 1,623 1,749 2,161 2,503 2,455

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
37 52 179 241 253 341 459 478
-22 -279 -165 -96 -90 62 -228 -104
-16 224 -13 -138 -165 -406 -226 -361
Net Cash Flow -0 -4 1 7 -2 -3 5 14

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 78 115 155 155 156 247 143 130 151
Inventory Days 291 266 131 147 173 275 207 191 139
Days Payable 108 93 64 98 73 133 100 93 88
Cash Conversion Cycle 261 289 221 204 256 389 250 228 202
Working Capital Days 109 154 149 148 163 219 130 112 136
ROCE % 57% 44% 35% 30% 15% 33% 39% 31%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
84.91% 84.91% 84.91% 84.89% 84.87% 74.99% 74.99% 74.98% 74.97% 74.97% 74.97%
3.46% 3.35% 3.35% 3.41% 3.41% 6.27% 6.68% 7.75% 8.13% 9.04% 9.53%
9.89% 9.94% 9.74% 9.71% 9.88% 15.57% 14.88% 13.73% 12.64% 11.89% 11.57%
1.75% 1.81% 2.00% 1.99% 1.83% 3.16% 3.46% 3.55% 4.27% 4.09% 3.93%
No. of Shareholders 61,22051,89257,58763,43961,20768,26174,73774,37992,08383,64475,719

* 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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