Arvind Ltd

Arvind Ltd

₹ 494 -1.47%
05 Jun - close price
About

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]

Key Points

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.

  • Market Cap 12,942 Cr.
  • Current Price 494
  • High / Low 515 / 275
  • Stock P/E 46.0
  • Book Value 117
  • Dividend Yield 0.76 %
  • ROCE 10.9 %
  • ROE 8.46 %
  • Face Value 10.0

Pros

  • Company has been maintaining a healthy dividend payout of 40.4%

Cons

  • Stock is trading at 4.21 times its book value
  • The company has delivered a poor sales growth of 9.54% over past five years.
  • Company has a low return on equity of 8.28% 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
1,707 1,689 1,757 1,754 1,900 1,688 1,670 1,588 1,585 1,505 1,802 1,842 1,994
1,541 1,535 1,578 1,558 1,693 1,557 1,518 1,433 1,438 1,380 1,618 1,659 1,821
Operating Profit 166 154 179 196 207 131 153 155 147 125 184 183 172
OPM % 10% 9% 10% 11% 11% 8% 9% 10% 9% 8% 10% 10% 9%
-16 17 15 10 -11 14 25 52 77 35 35 -4 24
Interest 36 34 37 36 43 38 37 39 46 40 40 35 34
Depreciation 54 54 56 51 52 52 50 50 54 53 54 54 55
Profit before tax 59 82 102 119 100 55 91 119 125 67 125 90 107
Tax % 18% 22% 24% 24% 28% 28% 89% 18% 26% 14% 22% 31% 25%
49 64 78 91 72 40 10 97 93 58 97 62 80
EPS in Rs 1.87 2.45 2.99 3.47 2.75 1.52 0.40 3.71 3.55 2.20 3.72 2.37 3.06
Raw PDF

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
5,225 5,357 5,967 6,332 6,436 6,705 4,529 7,436 7,723 7,100 7,632 7,143
4,380 4,549 5,234 5,694 5,803 5,997 4,051 6,646 7,003 6,334 6,844 6,479
Operating Profit 845 808 732 639 633 708 477 790 720 767 789 664
OPM % 16% 15% 12% 10% 10% 11% 11% 11% 9% 11% 10% 9%
96 103 -177 52 33 21 38 -197 74 30 53 90
Interest 338 310 239 189 227 239 222 185 177 180 197 149
Depreciation 126 149 182 201 210 241 236 203 208 213 217 217
Profit before tax 478 451 135 299 229 250 56 205 408 404 427 388
Tax % 21% 29% 86% 16% 13% 31% -65% 71% 15% 25% 44% 23%
377 321 19 250 199 171 93 59 346 305 240 298
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
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: -6%
Compounded Profit Growth
10 Years: -1%
5 Years: 21%
3 Years: -4%
TTM: 15%
Stock Price CAGR
10 Years: 17%
5 Years: 43%
3 Years: 58%
1 Year: 38%
Return on Equity
10 Years: 7%
5 Years: 8%
3 Years: 8%
Last Year: 8%

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 3,232
CWIP 76 98 77 60 190 71 74 42 78 91 157 69
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% 92% 141%

Ratios

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
Debtor Days 32 31 29 42 41 49 75 52 40 49 54 52
Inventory Days 174 194 186 162 167 110 166 193 129 184 174 161
Days Payable 121 108 88 118 146 119 220 204 96 134 146 184
Cash Conversion Cycle 86 117 127 87 61 40 21 42 74 99 83 30
Working Capital Days 6 7 -1 -6 -7 -10 10 6 4 7 2 -12
ROCE % 15% 13% 11% 9% 9% 10% 6% 13% 12% 13% 13% 11%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Denim Volume
Million Meters

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Garments Volume
Million Pieces
Woven Fabric Volume
Million Meters
Garmenting Capacity (Goal/Current)
Million Pieces
Woven Fabric Installed Capacity
Million Meters
Denim Realization
₹/meter
Wovens Realization
₹/meter
Overall Capacity Utilization
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
41.16% 41.14% 41.14% 41.13% 39.61% 39.59% 39.59% 39.58% 39.56% 39.53% 39.53% 39.53%
10.74% 10.56% 12.63% 15.15% 17.54% 18.33% 18.66% 18.71% 17.58% 16.81% 16.51% 16.10%
11.42% 13.11% 14.24% 14.81% 16.32% 17.21% 17.61% 18.10% 18.10% 18.69% 19.30% 20.04%
36.69% 35.18% 31.96% 28.91% 26.54% 24.87% 24.13% 23.60% 24.77% 24.96% 24.65% 24.34%
No. of Shareholders 1,96,8262,05,4582,03,5921,99,2801,88,3821,92,3971,84,8171,80,5681,86,1241,87,4981,78,6021,76,908

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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