Arvind Ltd

₹ 93.0 0.27%
25 Nov - 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

Global Presence
The company supplies fabrics in India and across the world. It earns 56% of its revenues from India while the rest 44% revenues come from its key export markets of USA, UK and the European Union. [1]

  • Market Cap 2,428 Cr.
  • Current Price 93.0
  • High / Low 159 / 82.0
  • Stock P/E 6.42
  • Book Value 119
  • Dividend Yield 0.00 %
  • ROCE 12.1 %
  • ROE 8.59 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.78 times its book value
  • Company is expected to give good quarter

Cons

  • The company has delivered a poor sales growth of -2.72% over past five years.
  • Company has a low return on equity of 4.37% over last 3 years.
  • Contingent liabilities of Rs.2,156 Cr.

* 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

Consolidated Figures in Rs. Crores / View Standalone

Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
1,962 1,869 1,642 599 1,305 1,514 1,655 1,435 2,108 2,276 2,197 2,352 2,170
1,767 1,685 1,485 628 1,184 1,352 1,447 1,330 1,891 2,039 1,963 2,132 1,968
Operating Profit 195 184 157 -29 121 162 208 105 217 237 234 220 202
OPM % 10% 10% 10% -5% 9% 11% 13% 7% 10% 10% 11% 9% 9%
17 12 -38 4 -9 12 8 7 13 13 4 2 52
Interest 61 62 52 59 60 54 51 47 48 41 40 40 42
Depreciation 73 74 77 72 73 72 69 63 64 67 70 62 62
Profit before tax 78 60 -11 -156 -20 48 97 1 119 142 128 119 150
Tax % 37% 41% -57% 38% 70% 53% 45% 1,120% 40% 34% 32% 15% 15%
Net Profit 50 35 -17 -97 -6 22 53 -11 71 94 88 102 127
EPS in Rs 1.86 1.38 -0.48 -3.68 0.03 0.96 2.05 -0.32 2.69 3.56 3.23 3.77 4.79
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

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
4,085 4,925 5,293 6,862 7,851 8,011 9,221 6,794 7,142 7,369 5,073 8,034 8,995
3,555 4,321 4,605 5,927 6,816 7,037 8,261 6,103 6,419 6,661 4,595 7,223 8,101
Operating Profit 530 604 687 935 1,036 974 960 691 723 708 478 811 893
OPM % 13% 12% 13% 14% 13% 12% 10% 10% 10% 10% 9% 10% 10%
55 362 81 52 39 89 66 109 39 5 15 36 71
Interest 236 309 315 354 417 383 312 192 236 255 239 197 164
Depreciation 172 161 204 225 212 239 294 222 235 290 285 272 262
Profit before tax 176 495 248 407 445 441 420 385 290 168 -31 378 539
Tax % 6% 12% 0% 13% 24% 28% 24% 18% 21% 45% 11% 36%
Net Profit 165 436 248 353 338 316 321 316 228 92 -27 242 411
EPS in Rs 6.48 17.12 9.63 13.71 13.21 12.17 12.18 11.97 8.75 3.70 -0.64 9.14 15.35
Dividend Payout % 0% 6% 17% 17% 19% 20% 20% 20% 23% 0% 0% 0%
Compounded Sales Growth
10 Years: 5%
5 Years: -3%
3 Years: 4%
TTM: 34%
Compounded Profit Growth
10 Years: 3%
5 Years: -6%
3 Years: -1%
TTM: 157%
Stock Price CAGR
10 Years: 12%
5 Years: -9%
3 Years: 28%
1 Year: -20%
Return on Equity
10 Years: 9%
5 Years: 6%
3 Years: 4%
Last Year: 9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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 1,440 1,774 1,996 2,325 2,466 2,388 3,306 3,524 2,492 2,450 2,460 2,690 2,856
2,210 2,128 2,461 2,992 3,397 3,819 2,926 3,323 2,700 2,640 2,121 1,865 1,912
1,099 1,253 1,519 1,788 1,855 1,659 2,034 3,082 1,872 1,790 1,872 2,881 2,318
Total Liabilities 5,004 5,409 6,233 7,363 7,976 8,125 8,525 10,188 7,322 7,138 6,713 7,697 7,347
2,511 2,593 2,694 2,893 3,208 3,357 3,672 3,962 3,421 3,835 3,590 3,481 3,415
CWIP 90 192 208 135 100 147 96 116 262 113 78 46 108
Investments 61 42 68 129 59 544 277 76 78 90 70 66 66
2,343 2,583 3,263 4,207 4,609 4,077 4,481 6,033 3,561 3,100 2,974 4,104 3,757
Total Assets 5,004 5,409 6,233 7,363 7,976 8,125 8,525 10,188 7,322 7,138 6,713 7,697 7,347

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022
197 335 490 388 558 650 551 428 2,358 860 776 595
-101 33 -331 -573 -587 -503 66 -353 -1,306 -306 -81 -121
-106 -362 -39 147 -48 -151 -621 -55 -1,019 -575 -717 -439
Net Cash Flow -10 7 121 -38 -77 -3 -4 20 33 -20 -22 34

Ratios

Consolidated Figures in Rs. Crores / View Standalone

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 45 48 52 54 54 35 31 95 46 52 79 50
Inventory Days 238 179 232 190 193 202 207 258 179 125 168 196
Days Payable 181 147 180 146 141 128 124 247 152 123 203 193
Cash Conversion Cycle 102 79 104 98 106 109 114 106 73 54 44 53
Working Capital Days 68 66 71 85 88 81 84 141 77 49 76 61
ROCE % 10% 12% 12% 15% 15% 13% 12% 9% 9% 9% 5% 12%

Shareholding Pattern

Numbers in percentages

Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022
44.75 44.75 44.75 44.72 45.05 45.05 42.61 42.59 41.31 41.30 41.26 41.26
15.76 15.80 14.07 12.57 13.06 15.24 15.22 12.00 12.29 11.73 11.42 12.05
13.72 12.40 9.57 6.38 6.37 6.38 6.21 8.71 11.04 12.06 11.14 9.85
25.77 27.05 31.61 36.33 35.51 33.33 35.96 36.70 35.37 34.90 36.18 36.84

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