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Vedant Fashions

₹1249.3 -37.8 | 2.9%

Market Cap ₹30344 Cr.

Stock P/E 78.9

P/B 18.3

Current Price ₹1249.3

Book Value ₹ 68.2

Face Value 1

52W High ₹1481.4

Dividend Yield 0.68%

52W Low ₹ 886.1

Vedant Fashions Research see more...

Overview Inc. Year: 2002Industry: Textile

Vedant Fashions Ltd manufactures and trades in wedding ceremony and celebration wear in India and the all over the world. The organization's products consist of men's ethnic and celebration wear items, such as Indo-western, sherwanis, and kurtas; jackets and accessories comprising jutti, safa, and mala; and women's ethnic and party wear apparel which include lehengas, sarees, stitched suits, gowns, and kurtis. It offers its merchandise under the Manyavar, Twamev, Manthan, Mohey and Mebaz brands. The agency sells its products thru a network of franchise-owned special brand stores, multi-brand shops, and large layout shops; and online systems, including its website, www.Manyavar.Com and mobile utility. Vedant Fashions Limited was established in 2002 and is headquartered in Kolkata, India.

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Vedant Fashions Share Price

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Peer Comparison

Vedant Fashions Quarterly Results

#(Fig in Cr.) Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 296 325 247 441 342 312 218 474 363 240
Other Income 11 7 10 10 13 15 15 15 24 21
Total Income 307 332 257 451 355 327 233 490 387 261
Total Expenditure 152 162 131 217 174 163 125 232 188 127
Operating Profit 155 170 125 234 181 163 108 258 199 134
Interest 9 8 8 7 8 9 11 11 13 14
Depreciation 27 26 25 25 27 30 32 34 38 37
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 120 136 93 202 145 124 65 212 148 83
Provision for Tax 31 35 24 52 37 32 16 54 32 21
Profit After Tax 89 101 69 150 109 92 49 158 116 62
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 89 101 69 150 109 92 49 158 116 62
Adjusted Earnings Per Share 3.7 4.2 2.8 6.2 4.5 3.8 2 6.5 4.8 2.6

Vedant Fashions Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 504 599 758 801 916 565 1041 1355 1368 1295
Other Income 2 3 11 19 32 60 50 40 70 75
Total Income 506 602 769 820 948 625 1091 1395 1437 1371
Total Expenditure 354 426 526 527 522 322 545 684 709 672
Operating Profit 152 176 242 293 426 303 546 711 728 699
Interest 6 5 6 4 26 26 28 31 45 49
Depreciation 7 8 10 9 89 96 94 104 135 141
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 139 164 226 280 312 182 423 576 548 508
Provision for Tax 49 58 79 98 75 49 108 147 134 123
Profit After Tax 90 106 148 182 237 133 315 429 414 385
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 90 106 148 182 237 133 315 429 414 385
Adjusted Earnings Per Share 19 22.4 6.4 7.3 9.4 5.4 13 17.7 17.1 15.9

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 1% 34% 11% 0%
Operating Profit CAGR 2% 34% 20% 0%
PAT CAGR -3% 46% 18% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR -3% NA% NA% NA%
ROE Average 28% 31% 26% 28%
ROCE Average 40% 43% 37% 42%

Vedant Fashions Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 233 329 705 889 1066 1091 1083 1400 1602
Minority's Interest 0 0 0 0 0 0 0 0 0
Borrowings 0 0 0 0 0 0 0 0 0
Other Non-Current Liabilities 63 63 86 117 293 568 640 668 984
Total Current Liabilities 67 90 148 141 232 379 564 761 727
Total Liabilities 362 482 939 1146 1591 2038 2287 2829 3313
Fixed Assets 104 141 316 253 507 459 515 520 663
Other Non-Current Assets 61 40 40 148 153 485 517 606 904
Total Current Assets 197 300 581 745 931 1094 1254 1702 1746
Total Assets 362 482 939 1146 1591 2038 2287 2829 3313

Vedant Fashions Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 2 1 5 1 2 9 7 4 10
Cash Flow from Operating Activities 86 37 52 177 243 253 351 470 483
Cash Flow from Investing Activities -24 -22 -279 -163 -96 -88 56 -232 -110
Cash Flow from Financing Activities -62 -16 224 -13 -141 -166 -410 -232 -362
Net Cash Inflow / Outflow -0 -0 -3 1 7 -2 -3 6 12
Closing Cash & Cash Equivalent 1 1 1 2 9 7 4 10 22

Vedant Fashions Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 19.01 22.36 6.4 7.27 9.45 5.36 12.98 17.67 17.05
CEPS(Rs) 20.56 23.95 6.82 7.62 12.99 9.22 16.86 21.95 22.61
DPS(Rs) 0 0 0 0 0 0 5 9 8.5
Book NAV/Share(Rs) 49.12 69.42 30.5 35.43 42.46 43.89 44.44 57.34 65.61
Core EBITDA Margin(%) 29.83 28.89 30.51 34.17 43.01 43.03 47.64 49.51 48.12
EBIT Margin(%) 28.75 28.11 30.62 35.48 36.86 36.78 43.37 44.82 43.36
Pre Tax Margin(%) 27.56 27.27 29.83 34.94 34.06 32.21 40.64 42.5 40.1
PAT Margin (%) 17.87 17.65 19.48 22.75 25.85 23.53 30.26 31.67 30.29
Cash Profit Margin (%) 19.33 18.91 20.75 23.82 35.54 40.44 39.32 39.33 40.15
ROA(%) 24.9 25.11 20.82 17.48 17.29 7.32 14.56 16.78 13.49
ROE(%) 38.7 37.72 28.6 22.88 24.26 12.36 29.07 34.74 27.74
ROCE(%) 56.92 56.99 44.05 35.37 34.53 19.26 41.53 48.92 39.5
Receivable days 77.57 89.85 121.41 147.99 140.49 236.94 132.9 117.21 138.52
Inventory Days 62.13 55.67 44.89 41.1 42.22 71.76 42.82 42.65 41.67
Payable days 125.66 89.69 61.04 89.86 80.43 134.34 89.99 87.11 87.84
PER(x) 0 0 0 0 0 0 74.4 64.44 54.44
Price/Book(x) 0 0 0 0 0 0 21.73 19.86 14.15
Dividend Yield(%) 0 0 0 0 0 0 0.52 0.79 0.92
EV/Net Sales(x) 0.06 0.03 0.04 -0.12 -0.05 0.03 22.51 20.4 16.47
EV/Core EBITDA(x) 0.21 0.11 0.13 -0.32 -0.1 0.06 42.92 38.87 30.95
Net Sales Growth(%) 0 18.86 26.48 5.63 14.34 -38.31 84.28 30.18 0.93
EBIT Growth(%) 0 16.45 37.7 22.19 18.78 -38.44 117.31 34.53 -2.37
PAT Growth(%) 0 17.6 39.48 23.18 29.9 -43.84 136.95 36.26 -3.48
EPS Growth(%) 0 17.6 -71.38 13.69 29.9 -43.25 142 36.22 -3.52
Debt/Equity(x) 0.09 0.03 0.02 0 0 0 0 0 0
Current Ratio(x) 2.96 3.35 3.94 5.3 4.02 2.89 2.22 2.24 2.4
Quick Ratio(x) 1.67 2.26 3.33 4.65 3.5 2.62 1.97 2.01 2.21
Interest Cover(x) 24.3 33.35 38.49 65.31 13.18 8.05 15.88 19.3 13.32
Total Debt/Mcap(x) 0 0 0 0 0 0 0 0 0

Vedant Fashions Shareholding Pattern

# Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Promoter 84.91 84.91 84.91 84.89 84.88 75 74.99 74.98 74.97 74.97
FII 3.46 3.35 3.35 3.41 3.41 6.27 6.67 7.74 8.13 9.04
DII 9.88 9.94 9.74 9.71 9.88 15.57 14.88 13.73 12.64 11.89
Public 1.75 1.81 2 1.99 1.83 3.16 3.45 3.54 4.25 4.1
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has a good return on equity (ROE) track record: 3 Years ROE 31%
  • Company is almost debt free.

Cons

  • Debtor days have increased from 87.11 to 87.84days.
  • Stock is trading at 18.3 times its book value.

* 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.

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