Vedant Fashions Ltd
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]
- Market Cap ₹ 32,745 Cr.
- Current Price ₹ 1,348
- High / Low ₹ 1,512 / 886
- Stock P/E 81.5
- Book Value ₹ 62.7
- Dividend Yield 0.60 %
- ROCE 30.8 %
- ROE 26.8 %
- Face Value ₹ 1.00
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 21.7 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 500 Nifty Smallcap 250 BSE 400 MidSmallCap Index BSE 200 BSE Dollex 200
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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: | -3% |
| 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% |
Documents
Announcements
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Intimation Of Effective Date For The Scheme Of Amalgamation Of Manyavar Creations Pvt Ltd ("Transferor Company") Into And With Vedant Fashions Limited ("Company" Or "Transferee Company") And Their Respective Shareholders And Creditors Under Sections 230 To 232 And Other Applicable Provisions Of The Companies Act, 2013 ('Scheme').
30 Nov - Amalgamation of Manyavar Creations into Vedant Fashions effective.
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Receipt Of An Order Dated November 29, 2024 From The Income Tax Appellate Tribunal.
30 Nov - Income Tax Appellate Tribunal drops disallowance of ₹65.15 Lakhs.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
28 Nov - Schedule of analysts' and investors' meetings on December 5, 2024.
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Intimation Under Regulation 30 Of The SEBI LODR 2015 - Status Of Amalgamation
28 Nov - NCLT sanctions amalgamation of Manyavar Creations with Vedant Fashions.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
20 Nov - Schedule of analysts' and investors' meetings.
Annual reports
Concalls
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Nov 2024Transcript PPT
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Leadership[1]
Largest company in India in men’s Indian wedding & celebration wear.