Arvind Ltd
Arvind Limited (‘the Company’) is one of India’s leading vertically integrated textile company with the presence of almost eight decades in this industry. It is among the largest denim manufacturers in the world. It also manufactures a range of cotton shirting, denim, knits and bottom weights (Khakis) fabrics and Jeans and Shirts Garments. [1]
- Market Cap ₹ 14,528 Cr.
- Current Price ₹ 534
- High / Low ₹ 607 / 278
- Stock P/E 53.4
- Book Value ₹ 117
- Dividend Yield 0.84 %
- ROCE 11.6 %
- ROE 9.32 %
- Face Value ₹ 10.0
Pros
- Company has been maintaining a healthy dividend payout of 40.4%
Cons
- Stock is trading at 4.56 times its book value
- Promoter holding has decreased over last quarter: -1.44%
- The company has delivered a poor sales growth of 9.54% over past five years.
- Company has a low return on equity of 8.56% over last 3 years.
* 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 5,225 | 5,357 | 5,967 | 6,332 | 6,436 | 6,705 | 4,529 | 7,436 | 7,723 | 7,100 | 6,236 | 7,143 | 7,465 | |
| 4,380 | 4,549 | 5,234 | 5,694 | 5,803 | 5,997 | 4,051 | 6,646 | 7,003 | 6,334 | 5,656 | 6,438 | 6,800 | |
| Operating Profit | 845 | 808 | 732 | 639 | 633 | 708 | 477 | 790 | 720 | 767 | 581 | 705 | 665 |
| OPM % | 16% | 15% | 12% | 10% | 10% | 11% | 11% | 11% | 9% | 11% | 9% | 10% | 9% |
| 96 | 103 | -177 | 52 | 33 | 21 | 38 | -197 | 74 | 30 | 196 | 90 | 71 | |
| Interest | 338 | 310 | 239 | 189 | 227 | 239 | 222 | 185 | 177 | 180 | 190 | 190 | 145 |
| Depreciation | 126 | 149 | 182 | 201 | 210 | 241 | 236 | 203 | 208 | 213 | 202 | 217 | 220 |
| Profit before tax | 478 | 451 | 135 | 299 | 229 | 250 | 56 | 205 | 408 | 404 | 384 | 388 | 371 |
| Tax % | 21% | 29% | 86% | 16% | 13% | 31% | -65% | 71% | 15% | 25% | 37% | 23% | |
| 377 | 321 | 19 | 250 | 199 | 171 | 93 | 59 | 346 | 305 | 240 | 298 | 277 | |
| EPS in Rs | 14.62 | 12.42 | 0.72 | 9.67 | 7.71 | 6.62 | 3.58 | 2.28 | 13.23 | 11.65 | 9.18 | 11.35 | 10.57 |
| Dividend Payout % | 17% | 19% | 334% | 25% | 26% | 0% | 0% | 0% | 43% | 41% | 41% | 40% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 3% |
| 5 Years: | 10% |
| 3 Years: | -3% |
| TTM: | 18% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 0% |
| 5 Years: | 23% |
| 3 Years: | -1% |
| TTM: | 55% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | 16% |
| 5 Years: | 41% |
| 3 Years: | 42% |
| 1 Year: | 79% |
| Return on Equity | |
|---|---|
| 10 Years: | 8% |
| 5 Years: | 8% |
| 3 Years: | 9% |
| Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| 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 | 258 | 258 | 258 | 259 | 259 | 259 | 259 | 261 | 262 | 262 | 262 | 262 |
| Reserves | 2,587 | 2,728 | 2,753 | 2,900 | 2,558 | 2,595 | 2,682 | 2,751 | 3,035 | 3,215 | 3,325 | 2,809 |
| 2,750 | 3,123 | 2,428 | 2,562 | 2,652 | 2,431 | 1,985 | 1,783 | 1,420 | 1,320 | 1,496 | 1,336 | |
| 1,057 | 880 | 1,018 | 1,324 | 1,546 | 1,530 | 1,682 | 2,619 | 1,681 | 1,932 | 2,241 | 2,724 | |
| Total Liabilities | 6,652 | 6,990 | 6,458 | 7,044 | 7,014 | 6,815 | 6,609 | 7,413 | 6,398 | 6,729 | 7,324 | 7,131 |
| 2,620 | 2,830 | 3,100 | 3,148 | 3,172 | 3,461 | 3,258 | 3,226 | 3,177 | 3,197 | 3,347 | 3,230 | |
| CWIP | 76 | 98 | 77 | 60 | 190 | 71 | 74 | 42 | 78 | 91 | 157 | 71 |
| Investments | 885 | 1,266 | 523 | 883 | 517 | 525 | 532 | 452 | 387 | 344 | 448 | 571 |
| 3,071 | 2,796 | 2,759 | 2,953 | 3,135 | 2,758 | 2,745 | 3,694 | 2,756 | 3,098 | 3,372 | 3,260 | |
| Total Assets | 6,652 | 6,990 | 6,458 | 7,044 | 7,014 | 6,815 | 6,609 | 7,413 | 6,398 | 6,729 | 7,324 | 7,131 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 711 | 705 | 536 | 554 | 725 | 983 | 768 | 520 | 563 | 631 | 646 | 870 | |
| -732 | -545 | 465 | -441 | -510 | -337 | -138 | -115 | -59 | -198 | -449 | -492 | |
| -62 | -163 | -1,012 | -108 | -200 | -650 | -641 | -377 | -511 | -433 | -193 | -398 | |
| Net Cash Flow | -82 | -3 | -12 | 5 | 16 | -4 | -11 | 28 | -7 | 1 | 3 | -20 |
| Free Cash Flow | 396 | 367 | 270 | 347 | 373 | 678 | 691 | 376 | 407 | 418 | 335 | 554 |
| CFO/OP | 97% | 100% | 84% | 96% | 123% | 139% | 161% | 70% | 90% | 98% | 125% | 133% |
Ratios
Standalone / View Consolidated
| 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 | 32 | 31 | 29 | 42 | 41 | 49 | 75 | 52 | 40 | 49 | 64 | 52 |
| Inventory Days | 174 | 194 | 186 | 162 | 167 | 110 | 166 | 193 | 129 | 184 | 218 | 161 |
| Days Payable | 121 | 108 | 88 | 118 | 146 | 119 | 220 | 204 | 96 | 134 | 182 | 184 |
| Cash Conversion Cycle | 86 | 117 | 127 | 87 | 61 | 40 | 21 | 42 | 74 | 99 | 100 | 30 |
| Working Capital Days | 6 | 7 | -1 | -6 | -7 | -10 | 10 | 6 | 4 | 7 | 3 | -23 |
| ROCE % | 15% | 13% | 11% | 9% | 9% | 10% | 6% | 13% | 12% | 13% | 9% | 12% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Advanced Materials Revenue INR Crore |
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| Denim Fabric Volumes Million Meters |
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| Advanced Materials EBITDA Margin % |
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| Garment Volumes Million Pieces |
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| Textile Segment EBITDA Margin % |
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| Wovens Fabric Volumes Million Meters |
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Extracted by Screener AI
Documents
Announcements
- Closure of Trading Window
- Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
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Shareholder Meeting / Postal Ballot-Outcome of AGM
- Arvind Ltd held AGM on Sept 22, 2026; approved FY26 accounts, final dividend, and director reappointments.
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Announcement under Regulation 30 (LODR)-Updates on Acquisition
- Completed acquisition of 26.60% equity in Torrent Urja 21 Private Limited on September 17, 2026.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
- Senior management to meet LIC Mutual Fund in Ahmedabad on 17 September 2026.
Annual reports
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Annual Report 2026
from bse
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Annual Report 2025
from bse
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Annual Report 2024
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Annual Report 2023
from bse
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Annual Report 2022
from bse
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Annual Report 2021
from bse
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Annual Report 2020
from bse
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Annual Report 2019
from bse
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Annual Report 2018
from bse
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Annual Report 2017
from bse
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Annual Report 2016
from bse
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Annual Report 2015
from bse
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Annual Report 2014
from bse
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Annual Report 2013
from bse
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Annual Report 2013
from nse
Concalls
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Aug 2026PPT REC
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May 2026Transcript PPT REC
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT
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Jul 2025Transcript PPT
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May 2025Transcript PPT
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Jan 2025Transcript PPT
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Oct 2024Transcript PPT
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Jul 2024Transcript PPT
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May 2024Transcript PPT REC
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Jan 2024Transcript
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Jan 2024Transcript PPT
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Oct 2023Transcript PPT
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Jul 2023Transcript PPT
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Jul 2023PPT
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May 2023Transcript PPT
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Jan 2023Transcript PPT
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Nov 2022PPT
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Aug 2022PPT
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May 2022PPT
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Jan 2022Transcript PPT
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Oct 2021Transcript PPT
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Aug 2021Transcript PPT
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May 2021PPT
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Mar 2021Transcript
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Feb 2021Transcript PPT
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Feb 2021PPT
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Oct 2020Transcript
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Aug 2020Transcript
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Jun 2020Transcript
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Jan 2020Transcript PPT
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Oct 2019Transcript PPT
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Aug 2019Transcript PPT
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May 2019Transcript PPT
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Feb 2019Transcript PPT
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Nov 2018Transcript PPT
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Aug 2018PPT
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May 2018Transcript
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Jan 2018Transcript
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Aug 2017Transcript
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May 2017Transcript
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Oct 2016PPT
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Aug 2016Transcript
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May 2016Transcript
Leading Denim Manufacturer[1]
Arvind is a leading manufacturer of denim and woven fabrics, with capacities of 100 million meters per annum (MMPA) and 150 MMPA, respectively, as of March 31, 2023. The company also produces cotton shirting, knits, Khakis, and technical textiles.