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 ₹ 2,252 Cr.
- Current Price ₹ 86.3
- High / Low ₹ 159 / 82.0
- Stock P/E 7.70
- Book Value ₹ 121
- Dividend Yield 0.00 %
- ROCE 12.6 %
- ROE 8.97 %
- Face Value ₹ 10.0
Pros
- Stock is trading at 0.71 times its book value
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 4.57% over past five years.
- Company has a low return on equity of 6.80% over last 3 years.
- Promoter holding has decreased over last 3 years: -3.49%
* 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: Textiles Industry: Textiles - Cotton/Blended
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,683 | 3,494 | 3,780 | 4,775 | 5,225 | 5,357 | 5,967 | 6,332 | 6,436 | 6,705 | 4,529 | 7,460 | 8,011 | |
2,297 | 2,991 | 3,194 | 3,980 | 4,380 | 4,549 | 5,234 | 5,694 | 5,803 | 5,997 | 4,051 | 6,688 | 7,275 | |
Operating Profit | 386 | 503 | 587 | 796 | 845 | 808 | 732 | 639 | 633 | 708 | 477 | 772 | 736 |
OPM % | 14% | 14% | 16% | 17% | 16% | 15% | 12% | 10% | 10% | 11% | 11% | 10% | 9% |
52 | 386 | 93 | 67 | 96 | 103 | -177 | 52 | 33 | 21 | 38 | -261 | -84 | |
Interest | 187 | 270 | 268 | 296 | 338 | 310 | 239 | 189 | 227 | 239 | 222 | 185 | 156 |
Depreciation | 116 | 131 | 150 | 158 | 126 | 149 | 182 | 201 | 210 | 241 | 236 | 213 | 206 |
Profit before tax | 135 | 488 | 261 | 409 | 478 | 451 | 135 | 299 | 229 | 250 | 56 | 112 | 289 |
Tax % | 0% | 11% | 0% | 12% | 21% | 29% | 86% | 16% | 13% | 31% | -65% | 47% | |
Net Profit | 135 | 434 | 261 | 361 | 377 | 321 | 19 | 250 | 199 | 171 | 93 | 59 | 200 |
EPS in Rs | 5.30 | 17.06 | 10.12 | 14.00 | 14.62 | 12.42 | 0.72 | 9.67 | 7.71 | 6.62 | 3.58 | 2.28 | 7.68 |
Dividend Payout % | 0% | 6% | 16% | 17% | 17% | 19% | 334% | 25% | 26% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 8% |
5 Years: | 5% |
3 Years: | 5% |
TTM: | 16% |
Compounded Profit Growth | |
---|---|
10 Years: | 6% |
5 Years: | 8% |
3 Years: | 3% |
TTM: | 13% |
Stock Price CAGR | |
---|---|
10 Years: | 10% |
5 Years: | -10% |
3 Years: | 26% |
1 Year: | -40% |
Return on Equity | |
---|---|
10 Years: | 9% |
5 Years: | 7% |
3 Years: | 7% |
Last Year: | 9% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Sep 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
254 | 258 | 258 | 258 | 258 | 258 | 258 | 259 | 259 | 259 | 259 | 261 | 261 | |
Reserves | 1,541 | 1,762 | 2,041 | 2,378 | 2,587 | 2,728 | 2,751 | 2,900 | 2,558 | 2,595 | 2,682 | 2,751 | 2,909 |
1,812 | 1,770 | 2,119 | 2,417 | 2,750 | 3,123 | 2,428 | 2,562 | 2,652 | 2,431 | 1,985 | 1,783 | 1,815 | |
652 | 838 | 865 | 981 | 1,057 | 880 | 1,020 | 1,324 | 1,546 | 1,530 | 1,682 | 2,619 | 1,992 | |
Total Liabilities | 4,259 | 4,625 | 5,284 | 6,034 | 6,652 | 6,990 | 6,458 | 7,044 | 7,014 | 6,815 | 6,609 | 7,413 | 6,977 |
1,985 | 2,269 | 2,340 | 2,496 | 2,620 | 2,830 | 3,100 | 3,148 | 3,172 | 3,461 | 3,258 | 3,226 | 3,168 | |
CWIP | 81 | 179 | 200 | 72 | 76 | 98 | 77 | 60 | 190 | 71 | 74 | 42 | 91 |
Investments | 326 | 337 | 493 | 700 | 885 | 1,266 | 523 | 883 | 517 | 525 | 532 | 452 | 390 |
1,867 | 1,840 | 2,251 | 2,765 | 3,071 | 2,796 | 2,759 | 2,953 | 3,135 | 2,758 | 2,745 | 3,694 | 3,329 | |
Total Assets | 4,259 | 4,625 | 5,284 | 6,034 | 6,652 | 6,990 | 6,458 | 7,044 | 7,014 | 6,815 | 6,609 | 7,413 | 6,977 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
237 | 364 | 431 | 495 | 711 | 705 | 536 | 554 | 725 | 983 | 768 | 520 | |
-54 | 114 | -341 | -488 | -732 | -545 | 465 | -441 | -510 | -337 | -138 | -115 | |
-197 | -474 | 24 | -47 | -62 | -163 | -1,012 | -108 | -200 | -650 | -641 | -377 | |
Net Cash Flow | -14 | 3 | 114 | -40 | -82 | -3 | -12 | 5 | 16 | -4 | -11 | 28 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2011 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 77 | 42 | 43 | 40 | 32 | 31 | 29 | 42 | 41 | 49 | 75 | 52 |
Inventory Days | 207 | 165 | 205 | 163 | 174 | 194 | 186 | 162 | 167 | 110 | 166 | 193 |
Days Payable | 179 | 143 | 156 | 124 | 121 | 108 | 88 | 118 | 146 | 119 | 220 | 204 |
Cash Conversion Cycle | 105 | 64 | 93 | 79 | 86 | 117 | 127 | 87 | 61 | 40 | 21 | 42 |
Working Capital Days | 113 | 70 | 84 | 93 | 99 | 110 | 104 | 90 | 80 | 52 | 77 | 54 |
ROCE % | 8% | 11% | 12% | 15% | 15% | 13% | 11% | 9% | 9% | 10% | 6% | 13% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10h - Senior management of the company is attending Digital investor meeting on 30th January, 2023 with Abakkus Asset Managers for discussing the business strategy of the …
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Announcement under Regulation 30 (LODR)-Acquisition
2d - The Company has subscribed and acquired 31.20% equity stake in Renew Green (GJ Eight) Private Limited in order to comply with regulatory requirement for being …
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
25 Jan - Link of audio recording of post results conference call with Analysts / Investors held on 25th January, 2023 to discuss the financial performance of the …
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Announcement under Regulation 30 (LODR)-Investor Presentation
25 Jan - Copy of Investor Presentation in respect of unaudited standalone and consolidated financial results of the Company for the quarter and nine months ended 31st December …
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
25 Jan - Copy of Press release in respect of unaudited standalone and consolidated financial results of the Company for the quarter and nine months ended 31st December …
Annual reports
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2011
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Financial Year 2010
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Financial Year 2010
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Concalls
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Jan 2023TranscriptPPT
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Nov 2022TranscriptPPT
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Aug 2022TranscriptPPT
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May 2022TranscriptPPT
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Jan 2022Transcript PPT
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Oct 2021Transcript PPT
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Oct 2020TranscriptPPT
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Oct 2019Transcript PPT
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Nov 2018Transcript PPT
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Aug 2018TranscriptPPT
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Aug 2017TranscriptPPT
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May 2017TranscriptPPT
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Oct 2016TranscriptPPT
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Aug 2016TranscriptPPT
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May 2016TranscriptPPT
Business Segments
Textiles Business (84% of revenues) [1]
The Co. is involved in manufacturing and production of Denims, Wovens and Garments, which for Q2 FY23 contribute 22%, 39% and 24% towards the segment's revenues [2]
Arvind has vertically-integrated operations across the textile value chain starting from manufacturing of cotton yarn to grey/processed fabric to garments, which imparts strong operational flexibility[3] It is amongst the largest denim and woven fabric manufacturers, with an installed capacity of 100 MMPA and 150 MMPA, respectively, as on March 31, 2022. [4]