Vedant Fashions Ltd

Vedant Fashions Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

Vedant Fashions Ltd

₹ 1,368 2.17%
26 Sep 9:01 a.m.
vedantfashions.com BSE: 543463 NSE : MANYAVAR
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

The company has a hybrid model of home-grown and acquired brands. Its brand includes:

Website BSE NSE
  • Market Cap ₹ 33,213 Cr.
  • Current Price ₹ 1,368
  • High / Low ₹ 1,502 / 1,058
  • Stock P/E 79.0
  • Book Value ₹ 57.7
  • Dividend Yield 0.65 %
  • ROCE 39.2 %
  • ROE 34.0 %
  • Face Value ₹ 1.00
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Pros

  • Company has delivered good profit growth of 24.0% CAGR over last 5 years
  • Company has a good return on equity (ROE) track record: 3 Years ROE 25.3%
  • Company has been maintaining a healthy dividend payout of 29.8%
  • Debtor days have improved from 167 to 128 days.
  • Company's working capital requirements have reduced from 149 days to 111 days

Cons

  • Stock is trading at 23.1 times its book value

* 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

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023
302 192 160 200 385 296 325 247 441 342 312
148 106 91 109 193 152 162 131 217 174 163
Operating Profit 154 85 69 91 191 144 163 115 224 168 148
OPM % 51% 45% 43% 46% 50% 49% 50% 47% 51% 49% 48%
14 9 19 9 11 11 7 10 10 13 15
Interest 6 6 6 7 8 9 8 8 7 8 9
Depreciation 24 23 21 22 24 27 26 25 25 27 30
Profit before tax 138 66 61 71 171 120 136 93 202 145 124
Tax % 25% 27% 26% 25% 25% 26% 26% 25% 26% 25% 26%
103 48 45 53 128 89 101 69 150 109 92
EPS in Rs 8.31 3.84 3.65 2.20 5.27 3.65 4.16 2.84 6.19 4.48 3.79
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Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
758 801 916 565 1,041 1,355 1,342
526 527 522 322 545 684 686
Operating Profit 232 274 394 243 496 671 656
OPM % 31% 34% 43% 43% 48% 50% 49%
11 19 32 60 50 40 48
Interest 6 4 26 26 28 31 33
Depreciation 10 9 89 96 94 104 107
Profit before tax 226 280 312 182 423 576 564
Tax % 35% 35% 24% 27% 26% 25%
148 182 237 133 315 429 420
EPS in Rs 11.82 14.55 18.90 10.72 12.98 17.67 17.30
Dividend Payout % 0% 0% 21% 0% 39% 51%
Compounded Sales Growth
10 Years: %
5 Years: 12%
3 Years: 14%
TTM: 11%
Compounded Profit Growth
10 Years: %
5 Years: 24%
3 Years: 22%
TTM: 13%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: -1%
Return on Equity
10 Years: %
5 Years: 25%
3 Years: 25%
Last Year: 34%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

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

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
52 177 243 253 351 470
-279 -163 -96 -88 56 -232
224 -13 -141 -166 -410 -232
Net Cash Flow -3 1 7 -2 -3 6

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 152 152 148 233 139 128
Inventory Days 140 158 186 271 209 190
Days Payable 68 105 78 134 107 94
Cash Conversion Cycle 225 205 257 371 242 224
Working Capital Days 147 145 159 209 126 111
ROCE % 34% 29% 15% 33% 39%

Shareholding Pattern

Numbers in percentages

Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023
84.91% 84.91% 84.91% 84.89% 84.87% 74.99%
3.46% 3.35% 3.35% 3.41% 3.41% 6.27%
9.89% 9.94% 9.74% 9.71% 9.88% 15.57%
1.75% 1.81% 2.00% 1.99% 1.83% 3.16%
No. of Shareholders 61,22051,89257,58763,43961,20768,261

* 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.

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Documents

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