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 ₹ 17,590 Cr.
- Current Price ₹ 724
- High / Low ₹ 1,512 / 706
- Stock P/E 43.7
- Book Value ₹ 62.9
- Dividend Yield 1.10 %
- ROCE 30.7 %
- ROE 26.7 %
- Face Value ₹ 1.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 29.6%
- Company has been maintaining a healthy dividend payout of 46.4%
Cons
- Stock is trading at 11.5 times its book value
- Company has high debtors of 151 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | TTM | |
---|---|---|---|---|---|---|---|---|
758 | 801 | 916 | 565 | 1,041 | 1,355 | 1,368 | 1,345 | |
526 | 527 | 522 | 322 | 545 | 684 | 709 | 694 | |
Operating Profit | 232 | 274 | 394 | 243 | 496 | 671 | 658 | 652 |
OPM % | 31% | 34% | 43% | 43% | 48% | 50% | 48% | 48% |
11 | 19 | 32 | 60 | 50 | 40 | 70 | 80 | |
Interest | 6 | 4 | 26 | 26 | 28 | 31 | 44 | 52 |
Depreciation | 10 | 9 | 89 | 96 | 94 | 104 | 135 | 147 |
Profit before tax | 226 | 280 | 312 | 182 | 423 | 576 | 548 | 533 |
Tax % | 35% | 35% | 24% | 27% | 26% | 25% | 24% | |
148 | 182 | 237 | 133 | 315 | 429 | 414 | 403 | |
EPS in Rs | 11.82 | 14.55 | 18.90 | 10.72 | 12.98 | 17.67 | 17.05 | 16.58 |
Dividend Payout % | 0% | 0% | 21% | 0% | 39% | 51% | 50% |
Compounded Sales Growth | |
---|---|
10 Years: | % |
5 Years: | 11% |
3 Years: | 34% |
TTM: | 2% |
Compounded Profit Growth | |
---|---|
10 Years: | % |
5 Years: | 18% |
3 Years: | 46% |
TTM: | 1% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | % |
3 Years: | -19% |
1 Year: | -42% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 30% |
Last Year: | 27% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Sep 2024 | |
---|---|---|---|---|---|---|---|---|
Equity Capital | 23 | 25 | 25 | 25 | 24 | 24 | 24 | 24 |
Reserves | 682 | 863 | 1,041 | 1,067 | 1,058 | 1,376 | 1,578 | 1,503 |
13 | 0 | 316 | 210 | 279 | 293 | 444 | 463 | |
221 | 257 | 209 | 322 | 407 | 472 | 462 | 472 | |
Total Liabilities | 939 | 1,146 | 1,591 | 1,624 | 1,768 | 2,165 | 2,508 | 2,463 |
316 | 253 | 507 | 459 | 515 | 520 | 663 | 677 | |
CWIP | 1 | 2 | 0 | 0 | 0 | 2 | 0 | 0 |
Investments | 138 | 194 | 401 | 536 | 512 | 787 | 959 | 765 |
483 | 696 | 683 | 629 | 741 | 856 | 886 | 1,020 | |
Total Assets | 939 | 1,146 | 1,591 | 1,624 | 1,768 | 2,165 | 2,508 | 2,463 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
52 | 177 | 243 | 253 | 351 | 470 | 483 | |
-279 | -163 | -96 | -88 | 56 | -232 | -110 | |
224 | -13 | -141 | -166 | -410 | -232 | -362 | |
Net Cash Flow | -3 | 1 | 7 | -2 | -3 | 6 | 12 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
---|---|---|---|---|---|---|---|
Debtor Days | 152 | 152 | 148 | 233 | 139 | 128 | 151 |
Inventory Days | 140 | 158 | 186 | 271 | 209 | 190 | 139 |
Days Payable | 68 | 105 | 78 | 134 | 107 | 94 | 89 |
Cash Conversion Cycle | 225 | 205 | 257 | 371 | 242 | 224 | 200 |
Working Capital Days | 141 | 120 | 129 | 163 | 96 | 84 | 105 |
ROCE % | 34% | 29% | 15% | 33% | 39% | 31% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
3h - Shareholders approved M/s M&A Associates as secretarial auditors for FY2025-26 to FY2029-30, appointed Sept 04, 2025.
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Intimation Under Regulation 30 Regarding Compounding Under The Legal Metrology Act, 2009
8h - Paid ₹50,000 compounding fee for handkerchief label size non-disclosure; notice received July 30, 2025.
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Shareholder Meeting / Postal Ballot-Scrutinizer''s Report
9h - Vedant Fashions AGM (04 Sept 2025): financials adopted, dividend declared, Ravi Modi re-appointed; all resolutions approved.
- Shareholder Meeting / Postal Ballot-Outcome of AGM 1d
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1 Sep - Vedant Fashions schedules Kolkata one-to-one investor meetings Sep 5 and Sep 11, 2025; presentation already filed.
Annual reports
Concalls
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Feb 2025Transcript PPT REC
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Nov 2024Transcript PPT
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Nov 2023Transcript PPT
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Feb 2023Transcript PPT
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Nov 2022Transcript PPT
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Aug 2022Transcript PPT
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May 2022Transcript PPT
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Mar 2022Transcript PPT
Leadership[1]
Manyavar is the largest company in India in men’s Indian wedding & celebration wear.