Arvind Ltd

₹ 95.4 -0.83%
16 Aug 1:18 p.m.
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 2,490 Cr.
  • Current Price 95.4
  • High / Low 159 / 82.0
  • Stock P/E 7.11
  • Book Value 113
  • Dividend Yield 0.00 %
  • ROCE 12.1 %
  • ROE 8.59 %
  • Face Value 10.0

Pros

  • Stock is trading at 0.86 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% for 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

Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
1,896 1,962 1,869 1,642 599 1,305 1,514 1,655 1,435 2,115 2,276 2,197 2,352
1,742 1,767 1,685 1,485 628 1,184 1,352 1,447 1,330 1,903 2,039 1,963 2,139
Operating Profit 154 195 184 157 -29 121 162 208 105 212 237 234 213
OPM % 8% 10% 10% 10% -5% 9% 11% 13% 7% 10% 10% 11% 9%
15 17 12 -38 4 -9 12 8 7 18 13 4 9
Interest 62 61 62 52 59 60 54 51 47 48 41 40 40
Depreciation 66 73 74 77 72 73 72 69 63 66 67 70 62
Profit before tax 41 78 60 -11 -156 -20 48 97 1 116 142 128 119
Tax % 40% 37% 41% -57% 38% 70% 53% 45% 1,120% 39% 34% 32% 15%
Net Profit 24 48 36 -12 -95 1 25 53 -8 70 93 84 98
EPS in Rs 0.93 1.86 1.38 -0.48 -3.68 0.03 0.96 2.05 -0.32 2.69 3.56 3.23 3.77

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 8,940
3,555 4,321 4,605 5,927 6,816 7,037 8,261 6,103 6,419 6,661 4,595 7,223 8,043
Operating Profit 530 604 687 935 1,036 974 960 691 723 708 478 811 897
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 44
Interest 236 309 315 354 417 383 312 192 236 255 239 197 170
Depreciation 172 161 204 225 212 239 294 222 235 290 285 272 265
Profit before tax 176 495 248 407 445 441 420 385 290 168 -31 378 506
Tax % 6% 12% 0% 13% 24% 28% 24% 18% 21% 45% 11% 36%
Net Profit 165 436 248 354 341 314 315 309 226 96 -17 238 345
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 13.25
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: 51%
Compounded Profit Growth
10 Years: 3%
5 Years: -6%
3 Years: -1%
TTM: 302%
Stock Price CAGR
10 Years: 15%
5 Years: -5%
3 Years: 24%
1 Year: 1%
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
254 258 258 258 258 258 258 259 259 259 259 261
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
2,210 2,128 2,461 2,992 3,397 3,819 2,926 3,323 2,700 2,640 2,121 1,865
1,099 1,253 1,519 1,788 1,855 1,659 2,034 3,082 1,872 1,790 1,872 2,881
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
2,511 2,593 2,694 2,893 3,208 3,357 3,672 3,962 3,421 3,835 3,590 3,481
CWIP 90 192 208 135 100 147 96 116 262 113 78 46
Investments 61 42 68 129 59 544 277 76 78 90 70 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
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

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 150 121 136 108 105 106 114 191 123 111 183 165
Cash Conversion Cycle 133 105 148 136 142 132 125 162 102 65 63 81
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

3 recently
Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022
44.09 44.75 44.75 44.75 44.72 45.05 45.05 42.61 42.59 41.31 41.30 41.26
20.49 15.76 15.80 14.07 12.57 13.06 15.24 15.22 12.00 12.29 11.73 11.42
12.82 13.72 12.40 9.57 6.38 6.37 6.38 6.21 8.71 11.04 12.06 11.14
22.60 25.77 27.05 31.61 36.33 35.51 33.33 35.96 36.70 35.37 34.90 36.18

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