Vedant Fashions Ltd

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

Vedant Fashions Ltd

₹ 872 -3.30%
21 Feb - close price
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]
Manyavar is the largest company in India in men’s Indian wedding & celebration wear.

Website BSE NSE
  • Market Cap ₹ 21,195 Cr.
  • Current Price ₹ 872
  • High / Low ₹ 1,512 / 811
  • Stock P/E 52.6
  • Book Value ₹ 62.9
  • Dividend Yield 0.97 %
  • ROCE 30.7 %
  • ROE 26.7 %
  • Face Value ₹ 1.00
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Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.6%
  • Company has been maintaining a healthy dividend payout of 46.4%

Cons

  • Stock is trading at 13.9 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 Nifty 500 Nifty Smallcap 250 BSE 150 MidCap Index BSE MidCap BSE 400 MidSmallCap Index

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

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
200 385 296 325 247 441 342 312 218 474 363 240 268
109 193 152 162 131 217 174 163 125 232 188 127 146
Operating Profit 91 191 144 163 115 224 168 148 93 242 175 113 122
OPM % 46% 50% 49% 50% 47% 51% 49% 48% 43% 51% 48% 47% 46%
9 11 11 7 10 10 13 15 15 15 24 21 19
Interest 7 8 9 8 8 7 8 9 11 11 13 14 14
Depreciation 22 24 27 26 25 25 27 30 32 34 38 37 37
Profit before tax 71 171 120 136 93 202 145 124 65 212 148 83 90
Tax % 25% 25% 26% 26% 25% 26% 25% 26% 25% 26% 22% 25% 26%
53 128 89 101 69 150 109 92 49 158 116 62 67
EPS in Rs 2.20 5.27 3.65 4.16 2.84 6.19 4.48 3.79 2.01 6.49 4.77 2.57 2.75
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
758 801 916 565 1,041 1,355 1,368 1,345
526 527 522 322 545 684 709 694
Operating Profit 232 274 394 243 496 671 658 652
OPM % 31% 34% 43% 43% 48% 50% 48% 48%
11 19 32 60 50 40 70 80
Interest 6 4 26 26 28 31 44 52
Depreciation 10 9 89 96 94 104 135 147
Profit before tax 226 280 312 182 423 576 548 533
Tax % 35% 35% 24% 27% 26% 25% 24%
148 182 237 133 315 429 414 403
EPS in Rs 11.82 14.55 18.90 10.72 12.98 17.67 17.05 16.58
Dividend Payout % 0% 0% 21% 0% 39% 51% 50%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 34%
TTM: 2%
Compounded Profit Growth
10 Years: %
5 Years: 18%
3 Years: 46%
TTM: 1%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: 2%
1 Year: -11%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 30%
Last Year: 27%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Sep 2024
Equity Capital 23 25 25 25 24 24 24 24
Reserves 682 863 1,041 1,067 1,058 1,376 1,578 1,503
13 0 316 210 279 293 444 463
221 257 209 322 407 472 462 472
Total Liabilities 939 1,146 1,591 1,624 1,768 2,165 2,508 2,463
316 253 507 459 515 520 663 677
CWIP 1 2 0 0 0 2 0 0
Investments 138 194 401 536 512 787 959 765
483 696 683 629 741 856 886 1,020
Total Assets 939 1,146 1,591 1,624 1,768 2,165 2,508 2,463

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
52 177 243 253 351 470 483
-279 -163 -96 -88 56 -232 -110
224 -13 -141 -166 -410 -232 -362
Net Cash Flow -3 1 7 -2 -3 6 12

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Debtor Days 152 152 148 233 139 128 151
Inventory Days 140 158 186 271 209 190 139
Days Payable 68 105 78 134 107 94 89
Cash Conversion Cycle 225 205 257 371 242 224 200
Working Capital Days 147 145 159 209 126 111 136
ROCE % 34% 29% 15% 33% 39% 31%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024
84.91% 84.91% 84.91% 84.89% 84.87% 74.99% 74.99% 74.98% 74.97% 74.97% 74.97% 74.95%
3.46% 3.35% 3.35% 3.41% 3.41% 6.27% 6.68% 7.75% 8.13% 9.04% 9.53% 10.54%
9.89% 9.94% 9.74% 9.71% 9.88% 15.57% 14.88% 13.73% 12.64% 11.89% 11.57% 10.38%
1.75% 1.81% 2.00% 1.99% 1.83% 3.16% 3.46% 3.55% 4.27% 4.09% 3.93% 4.13%
No. of Shareholders 61,22051,89257,58763,43961,20768,26174,73774,37992,08383,64475,71971,971

* 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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