Arvind Ltd

Arvind Ltd Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Arvind Ltd

₹ 306 -1.26%
19 Apr - close price
arvind.com BSE: 500101 NSE : ARVIND
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

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]

Website BSE NSE
  • Market Cap ₹ 8,009 Cr.
  • Current Price ₹ 306
  • High / Low ₹ 324 / 95.8
  • Stock P/E 25.0
  • Book Value ₹ 129
  • Dividend Yield 1.23 %
  • ROCE 12.6 %
  • ROE 11.3 %
  • Face Value ₹ 10.0
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Pros

  • Debtor days have improved from 57.0 to 42.1 days.

Cons

  • The company has delivered a poor sales growth of 4.29% over past five years.
  • Company has a low return on equity of 6.79% over last 3 years.
  • Promoter holding has decreased over last 3 years: -3.92%

* 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

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
1,514 1,655 1,435 2,108 2,270 2,197 2,352 2,170 1,980 1,881 1,853 1,922 1,888
1,352 1,447 1,330 1,891 2,029 1,959 2,132 1,968 1,793 1,690 1,673 1,716 1,673
Operating Profit 162 208 105 217 241 238 220 202 186 191 180 206 216
OPM % 11% 13% 7% 10% 11% 11% 9% 9% 9% 10% 10% 11% 11%
12 8 7 13 9 -7 1 52 22 26 13 13 10
Interest 54 51 47 48 41 40 40 42 43 38 37 39 39
Depreciation 72 69 63 64 65 62 62 62 63 66 65 67 66
Profit before tax 48 97 1 119 145 128 119 150 102 113 92 113 120
Tax % 53% 45% 1,120% 40% 35% 33% 15% 15% 15% 14% 24% 26% 21%
22 53 -11 71 94 86 102 127 87 97 70 84 94
EPS in Rs 0.96 2.05 -0.32 2.69 3.56 3.18 3.77 4.79 3.22 3.71 2.52 3.06 3.51
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
4,925 5,293 6,862 7,851 8,011 9,221 6,794 7,142 7,369 5,073 8,010 8,382 7,544
4,321 4,605 5,927 6,816 7,037 8,261 6,103 6,419 6,661 4,595 7,180 7,554 6,751
Operating Profit 604 687 935 1,036 974 960 691 723 708 478 830 828 793
OPM % 12% 13% 14% 13% 12% 10% 10% 10% 10% 9% 10% 10% 11%
362 81 52 39 89 66 109 39 5 15 13 100 62
Interest 309 315 354 417 383 312 192 236 255 239 197 192 152
Depreciation 161 204 225 212 239 294 222 235 290 285 254 253 264
Profit before tax 495 248 407 445 441 420 385 290 168 -31 393 484 438
Tax % 12% 0% 13% 24% 28% 24% 18% 21% 45% 11% 38% 15%
436 248 353 338 316 321 316 228 92 -27 242 413 346
EPS in Rs 17.12 9.63 13.71 13.21 12.17 12.18 11.97 8.75 3.70 -0.64 9.14 15.47 12.80
Dividend Payout % 6% 17% 17% 19% 20% 20% 20% 23% 0% 0% 0% 37%
Compounded Sales Growth
10 Years: 5%
5 Years: 4%
3 Years: 4%
TTM: -13%
Compounded Profit Growth
10 Years: 5%
5 Years: 2%
3 Years: 42%
TTM: -14%
Stock Price CAGR
10 Years: 17%
5 Years: 29%
3 Years: 72%
1 Year: 220%
Return on Equity
10 Years: 9%
5 Years: 7%
3 Years: 7%
Last Year: 11%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 255 258 258 258 258 258 259 259 259 259 261 262 262
Reserves 1,774 1,996 2,325 2,466 2,388 3,309 3,524 2,492 2,450 2,460 2,690 3,084 3,100
2,128 2,461 2,992 3,397 3,819 2,926 3,323 2,700 2,640 2,121 1,865 1,517 1,544
1,253 1,519 1,788 1,855 1,659 2,032 3,082 1,872 1,790 1,872 2,881 2,035 2,161
Total Liabilities 5,409 6,233 7,363 7,976 8,125 8,525 10,188 7,322 7,138 6,713 7,697 6,898 7,067
2,593 2,694 2,893 3,208 3,357 3,672 3,962 3,421 3,835 3,590 3,481 3,427 3,354
CWIP 192 208 135 100 147 96 116 262 113 78 46 80 142
Investments 42 68 129 59 544 277 76 78 90 70 66 211 189
2,583 3,263 4,207 4,609 4,077 4,481 6,033 3,561 3,100 2,974 4,104 3,180 3,383
Total Assets 5,409 6,233 7,363 7,976 8,125 8,525 10,188 7,322 7,138 6,713 7,697 6,898 7,067

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
335 490 388 558 650 551 428 2,358 860 776 595 666
33 -331 -573 -587 -503 66 -353 -1,306 -306 -81 -121 -135
-362 -39 147 -48 -151 -621 -55 -1,019 -575 -717 -439 -534
Net Cash Flow 7 121 -38 -77 -3 -4 20 33 -20 -22 34 -3

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 48 52 54 54 35 31 95 46 52 79 51 42
Inventory Days 179 232 190 193 202 207 258 179 125 168 196 135
Days Payable 147 180 146 141 128 124 247 152 123 203 193 101
Cash Conversion Cycle 79 104 98 106 109 114 106 73 54 44 53 76
Working Capital Days 66 71 85 88 81 84 141 77 49 76 61 54
ROCE % 12% 12% 15% 15% 13% 11% 8% 9% 9% 5% 13% 13%

Shareholding Pattern

Numbers in percentages

2 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
42.61% 42.59% 41.31% 41.30% 41.26% 41.26% 41.26% 41.16% 41.16% 41.14% 41.14% 41.13%
15.22% 12.00% 12.29% 11.73% 11.42% 12.05% 11.14% 9.63% 10.74% 10.56% 12.63% 15.15%
6.21% 8.71% 11.04% 12.06% 11.14% 9.85% 9.07% 8.58% 11.41% 13.10% 14.23% 14.80%
35.96% 36.70% 35.37% 34.90% 36.18% 36.84% 38.53% 40.63% 36.70% 35.20% 31.97% 28.92%
No. of Shareholders 1,99,8322,04,2652,02,1502,03,3102,08,6922,12,9312,18,2162,15,7861,96,8262,05,4582,03,5921,99,280

* 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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