Vedant Fashions Ltd
Vedant Fashions Limited caters to the Indian celebration wear market with a diverse portfolio of brands. The company offers its customers a one-stop destination for every celebratory occasion and the largest men's Indian wedding and celebration wear by revenue.VFL commands a dominant position in conventionally unorganized market segment.[1]
- Market Cap ₹ 19,142 Cr.
- Current Price ₹ 788
- High / Low ₹ 1,512 / 706
- Stock P/E 49.3
- Book Value ₹ 73.5
- Dividend Yield 1.08 %
- ROCE 26.7 %
- ROE 23.0 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 27.2%
- Company has been maintaining a healthy dividend payout of 50.5%
Cons
- Stock is trading at 10.7 times its book value
- The company has delivered a poor sales growth of 8.66% over past five years.
- Company has high debtors of 163 days.
- Working capital days have increased from 199 days to 350 days
* 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
Consumer Discretionary Consumer Services Retailing Speciality Retail
Part of BSE 500 Nifty 500 BSE MidCap BSE Allcap BSE Consumer Discretionary
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
504 | 596 | 760 | 794 | 915 | 542 | 1,009 | 1,326 | 1,365 | 1,386 | |
354 | 423 | 526 | 521 | 517 | 307 | 528 | 668 | 708 | 744 | |
Operating Profit | 150 | 173 | 234 | 274 | 398 | 235 | 480 | 658 | 657 | 643 |
OPM % | 30% | 29% | 31% | 34% | 44% | 43% | 48% | 50% | 48% | 46% |
2 | 3 | 10 | 19 | 32 | 58 | 49 | 37 | 68 | 85 | |
Interest | 6 | 5 | 6 | 4 | 25 | 25 | 27 | 30 | 44 | 55 |
Depreciation | 7 | 8 | 10 | 8 | 82 | 89 | 88 | 97 | 132 | 153 |
Profit before tax | 139 | 164 | 229 | 280 | 323 | 178 | 414 | 567 | 548 | 520 |
Tax % | 35% | 35% | 35% | 35% | 24% | 27% | 25% | 25% | 24% | 25% |
90 | 106 | 149 | 182 | 245 | 131 | 308 | 423 | 415 | 388 | |
EPS in Rs | 76.04 | 89.43 | 11.94 | 14.56 | 19.57 | 10.55 | 12.70 | 17.42 | 17.07 | 15.99 |
Dividend Payout % | 13% | 0% | 0% | 0% | 20% | 0% | 39% | 52% | 50% | 50% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 9% |
3 Years: | 11% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 10% |
3 Years: | 9% |
TTM: | -3% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -10% |
1 Year: | -27% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 27% |
Last Year: | 23% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 12 | 12 | 23 | 25 | 25 | 25 | 24 | 24 | 24 | 24 |
Reserves | 221 | 317 | 683 | 865 | 1,051 | 1,075 | 1,060 | 1,371 | 1,573 | 1,762 |
22 | 9 | 13 | 0 | 307 | 204 | 263 | 293 | 444 | 483 | |
109 | 154 | 221 | 257 | 208 | 320 | 402 | 473 | 461 | 477 | |
Total Liabilities | 364 | 492 | 940 | 1,147 | 1,591 | 1,623 | 1,749 | 2,161 | 2,503 | 2,747 |
104 | 141 | 316 | 252 | 482 | 446 | 495 | 518 | 663 | 688 | |
CWIP | 3 | 5 | 1 | 2 | 0 | 0 | 0 | 2 | 0 | 0 |
Investments | 0 | 0 | 138 | 195 | 371 | 553 | 524 | 793 | 958 | 1,051 |
257 | 345 | 485 | 698 | 737 | 624 | 730 | 848 | 882 | 1,008 | |
Total Assets | 364 | 492 | 940 | 1,147 | 1,591 | 1,623 | 1,749 | 2,161 | 2,503 | 2,747 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
37 | 52 | 179 | 241 | 253 | 341 | 459 | 478 | 389 | ||
-22 | -279 | -165 | -96 | -90 | 62 | -228 | -104 | -16 | ||
-16 | 224 | -13 | -138 | -165 | -406 | -226 | -361 | -377 | ||
Net Cash Flow | -0 | -4 | 1 | 7 | -2 | -3 | 5 | 14 | -4 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 78 | 115 | 155 | 155 | 156 | 247 | 143 | 130 | 151 | 163 |
Inventory Days | 291 | 266 | 131 | 147 | 173 | 275 | 207 | 191 | 139 | 200 |
Days Payable | 108 | 93 | 64 | 98 | 73 | 133 | 100 | 93 | 88 | 101 |
Cash Conversion Cycle | 261 | 289 | 221 | 204 | 256 | 389 | 250 | 228 | 202 | 261 |
Working Capital Days | 109 | 154 | 149 | 148 | 163 | 219 | 130 | 112 | 136 | 350 |
ROCE % | 57% | 44% | 35% | 30% | 15% | 33% | 39% | 31% | 27% |
Documents
Announcements
-
Intimation Under Regulation 30 Regarding Receipt Of Compounding Order Under The Legal Metrology Act, 2009
1d - Vedant Fashions paid ₹50,000 fine for Legal Metrology Act violation on product date disclosure.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Vedant Fashions schedules Q1FY26 earnings call on July 31, 2025, at 4 PM IST for investors.
-
Board Meeting Intimation for Board Meeting Intimation For Consideration And Approval Of The Unaudited Financial Results Of The Company For The Quarter Ended June 30, 2025.
2d - Board meeting on July 30 to approve Q1 FY2026 un-audited financial results.
-
Intimation Under Regulation 30 Regarding Compounding Under The Legal Metrology Act, 2009
17 Jul - Vedant Fashions paid ₹50,000 compounding fee for size non-disclosure on e-commerce shawl product.
-
Announcement under Regulation 30 (LODR)-Credit Rating
15 Jul - CRISIL reaffirms Vedant Fashions' bank facilities at AA and commercial paper at A1+, stable outlook.
Annual reports
Concalls
-
May 2025Transcript PPT REC
-
Feb 2025Transcript PPT REC
-
Nov 2024Transcript PPT
-
Aug 2024Transcript PPT
-
May 2024Transcript PPT
-
Feb 2024Transcript PPT
-
Nov 2023Transcript PPT
-
Aug 2023Transcript PPT
-
May 2023Transcript PPT
-
Feb 2023Transcript PPT
-
Nov 2022Transcript PPT
-
Aug 2022Transcript PPT
-
May 2022Transcript PPT
-
Mar 2022Transcript PPT
Leadership[1]
Manyavar is the largest company in India in men’s Indian wedding & celebration wear.