Aarnav Fashions Ltd
Established in February 1983, Aarnav Fashions Ltd is an Ahmedabad-based textile processor engaged in bleaching, dyeing, printing and finishing fabrics used in suiting, shirting and women’s and children’s apparel. It also sells and trades fabric and undertakes job work from its Narol processing facility.[1][2]
- Market Cap ₹ 131 Cr.
- Current Price ₹ 31.1
- High / Low ₹ 49.2 / 21.0
- Stock P/E 14.4
- Book Value ₹ 46.5
- Dividend Yield 0.00 %
- ROCE 7.57 %
- ROE 4.78 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.67 times its book value
- Company's median sales growth is 15.4% of last 10 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 4.29% over last 3 years.
- Promoter holding has decreased over last 3 years: -5.91%
* 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
Consumer Discretionary Textiles Textiles & Apparels Trading - Textile Products
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 0 | 1 | 1 | 1 | 2 | 35 | 249 | 420 | 398 | 359 | 381 | 465 | 452 | |
| 0 | 1 | 0 | 0 | 1 | 32 | 232 | 388 | 379 | 332 | 352 | 435 | 422 | |
| Operating Profit | 0 | 0 | 0 | 0 | 0 | 3 | 17 | 32 | 20 | 27 | 30 | 30 | 30 |
| OPM % | 17% | 9% | 23% | 26% | 16% | 9% | 7% | 8% | 5.0% | 8% | 8% | 6% | 7% |
| 0 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 | 1 | 1 | 1 | |
| Interest | 0 | 0 | 0 | 0 | 0 | 0 | 6 | 12 | 11 | 12 | 10 | 9 | 10 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 4 | 7 | 8 | 8 | 8 | 8 | 8 |
| Profit before tax | 0 | 0 | 0 | 0 | 0 | 3 | 8 | 13 | 1 | 8 | 12 | 13 | 13 |
| Tax % | 25% | 40% | 29% | 31% | 28% | 24% | 32% | 26% | 60% | 26% | 25% | 29% | |
| 0 | 0 | 0 | 0 | 0 | 2 | 5 | 9 | 0 | 6 | 9 | 9 | 9 | |
| EPS in Rs | 0.10 | 0.10 | 0.33 | 0.40 | 0.60 | 1.55 | 3.55 | 6.21 | 0.09 | 1.33 | 2.19 | 2.21 | 2.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 32% | 40% | 23% | 0% | 38% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 96% |
| 5 Years: | 13% |
| 3 Years: | 5% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 77% |
| 5 Years: | 14% |
| 3 Years: | 175% |
| TTM: | -2% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -14% |
| 3 Years: | 1% |
| 1 Year: | -13% |
| Return on Equity | |
|---|---|
| 10 Years: | 4% |
| 5 Years: | 4% |
| 3 Years: | 4% |
| Last Year: | 5% |
Balance Sheet
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 3 | 3 | 3 | 3 | 15 | 42 | 42 | 42 | 42 | 42 | 42 |
| Reserves | 0 | 0 | 0 | 0 | 1 | 6 | 123 | 131 | 130 | 137 | 144 | 154 |
| 0 | 0 | 0 | 0 | 0 | 0 | 143 | 153 | 127 | 109 | 100 | 109 | |
| 0 | 0 | 0 | 0 | 0 | 12 | 156 | 160 | 119 | 102 | 92 | 92 | |
| Total Liabilities | 3 | 3 | 4 | 4 | 4 | 33 | 464 | 486 | 419 | 391 | 378 | 398 |
| 0 | 0 | 0 | 0 | 0 | 0 | 146 | 139 | 134 | 130 | 125 | 132 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 12 | 12 | 12 | 13 | 14 | 15 |
| 3 | 3 | 4 | 3 | 4 | 32 | 306 | 336 | 272 | 247 | 239 | 252 | |
| Total Assets | 3 | 3 | 4 | 4 | 4 | 33 | 464 | 486 | 419 | 391 | 378 | 398 |
Cash Flows
Figures in Rs. Crores
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -3 | 0 | -0 | 0 | -0 | -15 | -58 | 15 | 44 | 32 | 25 | 21 | |
| 0 | 0 | -0 | -0 | 0 | -0 | -161 | -1 | -3 | -5 | -3 | -16 | |
| 3 | 0 | 0 | 0 | -0 | 15 | 223 | -13 | -42 | -27 | -22 | -2 | |
| Net Cash Flow | 0 | 0 | -0 | 0 | 0 | -0 | 4 | 2 | -2 | 0 | -0 | 4 |
| Free Cash Flow | -3 | 0 | -0 | 0 | -0 | -15 | -208 | 15 | 41 | 28 | 22 | 6 |
| CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit | -7,525% | 340% | -93% | 24% | -4% | -461% | -321% | 59% | 225% | 127% | 98% | 87% |
Ratios
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 212 | 0 | 323 | 125 | 271 | 149 | 113 | 108 | 95 | 103 |
| Inventory Days | 584 | 0 | 0 | 0 | 127 | 0 | 161 | 149 | 149 | 167 | 153 | 102 |
| Days Payable | 0 | 127 | 165 | 101 | 72 | 64 | 49 | 39 | ||||
| Cash Conversion Cycle | 584 | 0 | 212 | 0 | 323 | 125 | 266 | 197 | 190 | 211 | 199 | 166 |
| Working Capital Days | 4,951 | 1,761 | 1,678 | 1,662 | 781 | 212 | 137 | 93 | 64 | 65 | 64 | 64 |
| ROCE % | 2% | 1% | 4% | 5% | 7% | 25% | 8% | 8% | 4% | 7% | 8% | 8% |
Insights
In beta| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Permanent Employees employees |
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| Export Revenue Share of Total Revenue % of revenue |
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| Job Work Revenue Share of Total Revenue % of revenue |
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| Bank Limit Utilization % |
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| Weaving Capacity (Alpine Cottweave - Cotton Yarn Sizing & Weaving) lakh meters |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for The Meeting Of The Board Of The Company Has Been Scheduled To Be Held On Tuesday, November 03, 2026 At The Registered Office Of The Company.
- Board meeting on November 3, 2026 to approve Q2 and half-year unaudited financial results.
- Shareholder Meeting / Postal Ballot-Outcome of AGM
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- Aarnav Fashions held its 43rd AGM on September 30, 2026; voting results to follow within two working days.
- Closure of Trading Window
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Annual Report 2016
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Annual Report 2015
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Annual Report 2014
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Annual Report 2013
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Annual Report 2012
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Business Overview:[1][2]
AFL is the flagship company of Ahmedabad-based Aarnav Group. It amalgamated with Gopi Synthetics Ltd and other group companies with effect from October 1, 2020. The company is engaged in the manufacturing and trading of textiles and their processing, i.e., bleaching, dyeing, printing, and finishing of fabrics having end use in suiting, shirting, women's and kids' apparel, dupattas, etc., and trades in grey fabrics. It also undertakes job work.