Vedant Fashions Ltd

Vedant Fashions Ltd

₹ 1,120 -2.95%
21 Jun - close price
About

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]

Key Points

Leadership[1]
Largest company in India in men’s Indian wedding & celebration wear.

  • Market Cap 27,206 Cr.
  • Current Price 1,120
  • High / Low 1,488 / 886
  • Stock P/E 65.7
  • Book Value 66.0
  • Dividend Yield 0.80 %
  • ROCE 31.7 %
  • ROE 27.6 %
  • Face Value 1.00

Pros

  • Company has delivered good profit growth of 18.6% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 29.9%
  • Company has been maintaining a healthy dividend payout of 46.4%

Cons

  • Stock is trading at 17.0 times its book value
  • Company has high debtors of 151 days.
  • Working capital days have increased from 178 days to 298 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

Sector: Retail Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
192 160 200 385 296 325 247 441 342 312 218 474 363
106 91 109 193 152 162 131 217 174 163 125 232 188
Operating Profit 85 69 91 191 144 163 115 224 168 148 93 242 175
OPM % 45% 43% 46% 50% 49% 50% 47% 51% 49% 48% 43% 51% 48%
9 19 9 11 11 7 10 10 13 15 15 15 24
Interest 6 6 7 8 9 8 8 7 8 9 11 11 13
Depreciation 23 21 22 24 27 26 25 25 27 30 32 34 38
Profit before tax 66 61 71 171 120 136 93 202 145 124 65 212 148
Tax % 27% 26% 25% 25% 26% 26% 25% 26% 25% 26% 25% 26% 22%
48 45 53 128 89 101 69 150 109 92 49 158 116
EPS in Rs 3.84 3.65 2.20 5.27 3.65 4.16 2.84 6.19 4.48 3.79 2.01 6.49 4.77
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
758 801 916 565 1,041 1,355 1,368
526 527 522 322 545 684 709
Operating Profit 232 274 394 243 496 671 658
OPM % 31% 34% 43% 43% 48% 50% 48%
11 19 32 60 50 40 70
Interest 6 4 26 26 28 31 44
Depreciation 10 9 89 96 94 104 135
Profit before tax 226 280 312 182 423 576 548
Tax % 35% 35% 24% 27% 26% 25% 24%
148 182 237 133 315 429 414
EPS in Rs 11.82 14.55 18.90 10.72 12.98 17.67 17.05
Dividend Payout % 0% 0% 21% 0% 39% 51% 50%
Compounded Sales Growth
10 Years: %
5 Years: 11%
3 Years: 34%
TTM: 1%
Compounded Profit Growth
10 Years: %
5 Years: 19%
3 Years: 48%
TTM: -2%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -14%
Return on Equity
10 Years: %
5 Years: 26%
3 Years: 30%
Last Year: 28%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Equity Capital 23 25 25 25 24 24 24
Reserves 682 863 1,041 1,067 1,058 1,376 1,578
13 0 316 210 279 293 444
221 257 209 322 407 472 462
Total Liabilities 939 1,146 1,591 1,624 1,768 2,165 2,509
316 253 507 459 515 520 663
CWIP 1 2 0 0 0 2 0
Investments 138 194 401 536 512 787 959
483 696 683 629 741 856 886
Total Assets 939 1,146 1,591 1,624 1,768 2,165 2,509

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 147 145 159 209 126 111 298
ROCE % 34% 29% 15% 33% 39%

Shareholding Pattern

Numbers in percentages

1 Recently
Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
84.91% 84.91% 84.91% 84.89% 84.87% 74.99% 74.99% 74.98% 74.97%
3.46% 3.35% 3.35% 3.41% 3.41% 6.27% 6.68% 7.75% 8.13%
9.89% 9.94% 9.74% 9.71% 9.88% 15.57% 14.88% 13.73% 12.64%
1.75% 1.81% 2.00% 1.99% 1.83% 3.16% 3.46% 3.55% 4.27%
No. of Shareholders 61,22051,89257,58763,43961,20768,26174,73774,37992,083

* 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.

Click on the line-items to see the names of individual entities.

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