Arvind Fashions Ltd
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]
- Market Cap ₹ 6,330 Cr.
- Current Price ₹ 475
- High / Low ₹ 534 / 264
- Stock P/E 153
- Book Value ₹ 175
- Dividend Yield 0.21 %
- ROCE 1.06 %
- ROE 0.43 %
- Face Value ₹ 4.00
Pros
- Company is almost debt free.
- Company is expected to give good quarter
- Debtor days have improved from 153 to 120 days.
Cons
- Stock is trading at 2.71 times its book value
- The company has delivered a poor sales growth of -5.85% over past five years.
- Tax rate seems low
- Company has a low return on equity of 0.05% 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.
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 | TTM | |
---|---|---|---|---|---|---|---|---|---|
0 | 292 | 1,001 | 1,010 | 854 | 298 | 514 | 741 | 742 | |
0 | 290 | 906 | 916 | 804 | 278 | 484 | 718 | 729 | |
Operating Profit | 0 | 3 | 95 | 94 | 50 | 21 | 30 | 22 | 14 |
OPM % | 1% | 9% | 9% | 6% | 7% | 6% | 3% | 2% | |
0 | 1 | 1 | 2 | -7 | -31 | 9 | 18 | 18 | |
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 | -1 |
Tax % | 37% | 28% | 1% | 33% | 0% | 16% | 2% | ||
0 | -4 | 53 | 62 | -5 | -59 | 7 | 10 | -8 | |
EPS in Rs | 5.49 | -0.43 | -5.23 | 0.56 | 0.74 | -0.59 | |||
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 135% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | -6% |
3 Years: | -5% |
TTM: | 27% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | -29% |
3 Years: | -13% |
TTM: | 339% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | -4% |
3 Years: | 50% |
1 Year: | 69% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 1% |
3 Years: | 0% |
Last Year: | 0% |
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 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|
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 | 2,273 |
0 | 23 | 46 | 73 | 258 | 123 | 92 | 152 | 123 | |
0 | 274 | 240 | 415 | 425 | 238 | 211 | 227 | 288 | |
Total Liabilities | 0 | 1,173 | 1,517 | 1,837 | 2,033 | 2,156 | 2,605 | 2,700 | 2,737 |
0 | 22 | 19 | 39 | 58 | 42 | 28 | 41 | 39 | |
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 | 2,097 |
0 | 303 | 357 | 547 | 674 | 360 | 469 | 530 | 601 | |
Total Assets | 0 | 1,173 | 1,517 | 1,837 | 2,033 | 2,156 | 2,605 | 2,700 | 2,737 |
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 | |
---|---|---|---|---|---|---|---|---|
0 | 243 | -4 | 124 | -0 | -15 | -87 | 38 | |
-0 | -1,103 | -303 | -136 | -145 | -321 | -366 | -65 | |
0 | 860 | 315 | 5 | 152 | 329 | 454 | 27 | |
Net Cash Flow | 0 | 0 | 8 | -7 | 7 | -7 | 0 | -1 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|
Debtor Days | 43 | 14 | 53 | 79 | 146 | 193 | 120 | |
Inventory Days | 483 | 73 | 141 | 154 | 236 | 47 | 19 | |
Days Payable | 359 | 146 | 212 | 247 | 470 | 194 | 137 | |
Cash Conversion Cycle | 167 | -60 | -18 | -13 | -88 | 45 | 2 | |
Working Capital Days | 33 | 35 | 37 | 89 | 107 | 148 | 136 | |
ROCE % | -0% | 8% | 6% | 3% | 1% | 1% | 1% |
Documents
Announcements
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
2d - Regarding post results conference call with Analysts/Investors.
- Board Meeting Intimation for Approval Of The Audited Financial Results Of The Fourth Quarter And Financial Year Ended On 31St March, 2024 And Recommend Dividend, If Any, On The Equity Shares Of The Company For The Financial Year Ended 31St March, 2024. 14 May
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 6 May
- Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate 3 May
Annual reports
Concalls
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Feb 2024Transcript PPT
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Nov 2023Transcript PPT
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Aug 2023Transcript PPT
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Jun 2023TranscriptPPTREC
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May 2023TranscriptNotesPPT REC
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Feb 2023Transcript PPT REC
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Jun 2021Transcript PPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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Aug 2020TranscriptPPT
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Jul 2020TranscriptPPT
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Feb 2020Transcript PPT
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Oct 2019Transcript PPT
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Aug 2019Transcript PPT
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May 2019Transcript PPT
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]