Is Vedant Fashions a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Vedant Fashions Ltd is a good quality company .

Is Vedant Fashions undervalued or overvalued?

The key valuation ratios of Vedant Fashions Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone .

What is Vedant Fashions share price return in the past 10 years?

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Is Vedant Fashions a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of Vedant Fashions Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

Vedant Fashions Ltd - Stock Valuation and Financial Performance

Name: Vedant Fashions
Brand: Vedant Fashions

BSE: 543463 | NSE: MANYAVAR | Textile | Small Cap

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Vedant Fashions Share Price

₹1,393.75 34.00 2.50%
as on 07-Nov'24 00:00

10 Year X-Ray of Vedant Fashions:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Standalone Basis ^P Consolidated Basis ^P

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Value Creation ⓘ

Value Creation Index Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
ROCE % ⓘ	41.2%	61.7%	57%	44.4%	35.3%	35.4%	18.7%	40.4%	48.2%	39.6%	-
Value Creation Index ⓘ	2.7	4.5	4.1	2.9	2.1	2.1	0.7	2.6	3.3	2.5	-
Growth Parameters ⓘ Growth Parameters Colour Code Guide ⓘ
Sales ⓘ	413	504	596	759	794	915	542	1,009	1,326	1,365	1,343
Sales YoY Gr.	-	22.1%	18.3%	27.2%	4.7%	15.2%	-40.7%	86%	31.5%	2.9%	-
Adj EPS ⓘ	11.9	18.9	22.1	5.8	7	9.5	5.1	12.4	17.2	16.6	16.5
YoY Gr.	-	59.1%	17%	-73.7%	21.2%	35.5%	-46.2%	140.9%	38.9%	-3.6%	-
BVPS (₹) ⓘ	33.1	49.1	69.4	30.6	35.5	43	44.2	44.5	57.2	65.4	62.7
Adj Net Profit ⓘ	56.4	89.6	105	145	176	239	127	300	417	402	402
Cash Flow from Ops. ⓘ	100	85.8	36.9	51.8	179	241	253	341	459	478	-
Debt/CF from Ops. ⓘ	0.6	0.3	0.2	0.3	0	0	0	0	0	0	-

CAGR ⓘ

CAGR Colour Code Guide ⓘ

	9 Years	5 Years	3 Years	1 Years
Sales ⓘ	14.2%	11.4%	36%	2.9%
Adj EPS ⓘ	3.8%	18.6%	47.8%	-3.6%
BVPSⓘ	7.9%	13%	14%	14.5%
Share Price	-	-	-	6.5%

Key Financial Parameters ⓘ

Performance Ratio Colour Code Guide ⓘ

	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Return on Equity % ⓘ	38.3	46	37.3	28.1	22.1	24.3	11.7	27.5	33.6	26.9	25.8
Op. Profit Mgn % ⓘ	24.8	29.8	29.1	30.8	34.5	43.5	43.3	47.6	49.6	48.2	48.4
Net Profit Mgn % ⓘ	13.7	17.8	17.6	19.2	22.2	26.1	23.4	29.8	31.4	29.4	29.9
Debt to Equity ⓘ	0.4	0.1	0	0	0	0	0	0	0	0	0
Working Cap Days ⓘ	198	162	179	196	243	249	571	411	377	423	214
Cash Conv. Cycle ⓘ	105	93	107	135	147	150	277	145	124	136	158

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 36.02%

Net Profit is growing at healthy rate in last 3 years 47.76%

Return on Equity has declined versus last 3 years average to 25.80%

Sales growth is not so good in last 4 quarters at 4.37%

Latest Financials - Vedant Fashions Ltd.

	Standalone	Consolidated
TTM EPS (₹)	16.5	16.6
TTM Sales (₹ Cr.)	1,343	1,345
BVPS (₹.) ⓘ	62.7	62.9
Reserves (₹ Cr.) ⓘ	1,498	1,503
P/BV ⓘ	21.79	21.71
PE ⓘ	82.59	82.33

From the Market
52 Week Low / High (₹)	886.05 / 1481.35
All Time Low / High (₹)	793.15 / 1501.00
Market Cap (₹ Cr.)	33,170
Equity (₹ Cr.)	24.3
Face Value (₹)	1
Industry PE ⓘ	29

Management X-Ray of Vedant Fashions:

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged ^*

0.00

* Pledged shares as % of Promoter's holding (%)

Valuation of Vedant Fashions

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Price Chart

Price to Earnings

Enterprise Value to EBIT

Price to Book-Value

Price to Sales

Dividend History

Analyst's Notes

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Key Ratios of Vedant Fashions

Standalone Basis Consolidated Basis

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Sales	413	504	596	759	794	915	542	1,009	1,326	1,365
Operating Expenses ⓘ	311	354	423	525	521	517	307	528	668	708
Manufacturing Costs	53	68	6	69	71	82	52	97	111	87
Material Costs	89	92	134	233	210	241	132	249	331	363
Employee Cost	26	69	35	48	46	51	37	56	55	57
Other Costs ⓘ	143	124	249	175	193	143	86	126	171	201
Operating Profit ⓘ	102	150	174	234	274	398	235	480	658	657
Operating Profit Margin (%)	24.7%	29.8%	29.1%	30.8%	34.5%	43.5%	43.3%	47.6%	49.6%	48.1%
Other Income ⓘ	1	2	3	10	19	32	58	49	37	68
Interest ⓘ	8	6	5	6	4	25	25	27	30	44
Depreciation ⓘ	9	7	8	10	8	82	89	88	97	132
Exceptional Items ⓘ	0	0	0	0	0	0	0	0	0	0
Profit Before Tax ⓘ	86	139	164	229	280	323	178	414	567	548
Tax ⓘ	30	49	58	79	98	78	48	105	144	134
Profit After Tax	56	90	106	149	182	245	131	308	423	415
PAT Margin (%)	13.7%	17.9%	17.8%	19.7%	23.0%	26.8%	24.1%	30.6%	31.9%	30.4%
Adjusted EPS (₹)	11.9	19.0	22.4	6.5	7.3	9.8	5.3	12.7	17.4	17.1
Dividend Payout Ratio (%)	55%	13%	0%	0%	0%	0%	0%	39%	52%	50%

Balance Sheet

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Equity and Liabilities
Shareholders Fund	157	233	329	707	890	1,076	1,096	1,080	1,387	1,589
Share Capital ⓘ	12	12	12	23	25	25	25	24	24	24
Reserves ⓘ	145	221	317	683	865	1,051	1,071	1,056	1,363	1,565
Minority Interest	0	0	0	0	0	0	0	0	0	0
Debt	58	22	9	13	0	0	0	0	0	0
Long Term Debt	0	0	0	0	0	0	0	0	0	0
Short Term Debt	58	22	9	13	0	0	0	0	0	0
Trade Payables	25	32	34	43	60	49	48	68	85	88
Others Liabilities ⓘ	65	76	111	178	197	466	893	1,117	1,349	1,626
Total Liabilities ⓘ	305	362	482	940	1,147	1,591	2,037	2,265	2,820	3,303
Fixed Assets
Gross Block	130	131	171	330	273	582	627	752	864	1,112
Accumulated Depreciation	21	27	29	14	20	100	181	257	347	449
Net Fixed Assetsⓘ	109	104	141	316	252	482	446	495	518	663
CWIP ⓘ	0	3	5	1	2	0	0	0	2	0
Investmentsⓘ	0	0	0	138	195	371	553	524	793	958
Inventories	70	86	97	88	90	115	100	141	173	138
Trade Receivables	83	107	189	322	337	391	366	395	473	565
Cash Equivalents	2	2	1	5	119	69	7	3	8	22
Others Assetsⓘ	42	60	49	71	152	161	565	706	854	957
Total Assets ⓘ	305	362	482	940	1,147	1,591	2,037	2,265	2,820	3,303

Cash Flow

(All Figures are in Crores.)

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Cash Flow From Operating Activity ⓘ	100	86	37	52	179	241	253	341	459	478
PBT ⓘ	86	139	164	229	280	323	178	414	567	548
Adjustment ⓘ	17	12	11	6	-5	80	60	75	94	113
Changes in Working Capital ⓘ	27	-20	-74	-111	-1	-87	48	-41	-56	-53
Tax Paid ⓘ	-29	-45	-64	-72	-95	-75	-34	-107	-145	-131
Cash Flow From Investing Activity ⓘ	-17	-24	-22	-279	-165	-96	-90	62	-228	-104
Capex	-17	-24	-22	-146	-6	-2	11	11	5	1
Net Investments	0	0	1	-135	-160	-88	-112	42	-244	-109
Others ⓘ	0	1	0	2	0	-6	11	9	11	4
Cash Flow From Financing Activityⓘ	-85	-62	-16	224	-13	-138	-165	-406	-226	-361
Net Proceeds from Shares ⓘ	0	0	0	225	0	0	0	5	1	3
Net Proceeds from Borrowing ⓘ	-23	0	0	0	0	0	0	0	0	0
Interest Paid ⓘ	0	-5	-3	-4	0	-20	-20	-21	-23	-34
Dividend Paid ⓘ	-31	-12	0	-1	0	0	0	0	-121	-218
Others ⓘ	-31	-45	-13	4	-13	-118	-145	-390	-83	-112
Net Cash Flow ⓘ	-2	0	0	-4	1	7	-2	-3	5	14

Finance Ratio

Standalone Basis Consolidated Basis

PARTICULARS	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Ratios
ROE (%)	38.29	46.23	37.72	28.85	22.83	24.93	12.04	28.34	34.28	27.86
ROCE (%)	41.2	61.74	56.99	44.38	35.32	35.36	18.71	40.38	48.19	39.62
Asset Turnover Ratio	1.36	1.51	1.42	1.07	0.76	0.67	0.3	0.47	0.52	0.45
PAT to CFO Conversion(x)	1.79	0.96	0.35	0.35	0.98	0.98	1.93	1.11	1.09	1.15
Working Capital Days
Receivable Days	69	69	90	123	151	145	255	138	119	139
Inventory Days	68	56	56	44	41	41	72	44	43	42
Payable Days	85	113	90	60	89	82	133	85	84	87

Vedant Fashions Ltd Stock News

Vedant Fashions Ltd FAQs

What is the share price of Vedant Fashions?

Company share prices are keep on changing according to the market conditions. The closing price of Vedant Fashions on 07-Nov-2024 00:00 is ₹1,393.8.

What is the market cap of Vedant Fashions?

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 07-Nov-2024 00:00 the market cap of Vedant Fashions stood at ₹33,169.7.

What is the P/E ratio of Vedant Fashions?

The latest P/E ratio of Vedant Fashions as of 07-Nov-2024 00:00 is 82.59.

What is the P/B ratio of Vedant Fashions?

The latest P/B ratio of Vedant Fashions as of 07-Nov-2024 00:00 is 21.79.

What is the 52-week high and low of Vedant Fashions?

The 52-week high of Vedant Fashions is ₹1,481.4 and the 52-week low is ₹886.0.

What is the TTM revenue of Vedant Fashions?

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Vedant Fashions is ₹1,343 ( Cr.) .

About Vedant Fashions Ltd

Vedant Fashions is the largest company in India in the men’s Indian wedding and celebration wear segment. The company’s ‘Manyavar’ brand is a category leader in the branded Indian wedding and celebration wear market with a pan India presence, as of Financial Year 2020. It has established a multi-channel network and introduced brands by identifying gaps in the under-served and high-growth Indian wedding and celebration wear category. It focus on spreading India’s vibrant culture, traditions and heritage through its aspirational yet value for money brands at a diverse range of price points. It offers a one-stop destination with a wide-spectrum of product offerings for every celebratory occasion and aim to deliver an aristocratic yet seamless purchase experience to its customers through its aesthetic franchisee-owned exclusive brand stores.

The company’s portfolio of products includes a diverse range of attires and accessories, each conceptualized by its designers who have experience in serving the distinct regional preferences of the Indian customer. Its products are manufactured by artisans having an abundance of expertise in the Indian wedding and celebration wear market, supplemented by its own ingrained knowledge of the demands of Indian festivals and weddings. Its wedding portfolio also includes different ranges of creations for different members of the wedding entourage, besides unique personalization for the bride and the groom. Over the years, it has built longstanding relationships with vendors and artisans, which have been critical towards it being able to command a dominant position in a market that was conventionally an unorganized market.

Business area of the company

Vedant Fashions caters to the Indian celebration wear market with a diverse portfolio of brands. The company’s products include men’s ethnic and celebration wear items such as Indo-western, sherwanis, kurtas, jackets and accessories such as jutti, safa, mala, and women’s ethnic and celebration wear items such as lehengas, sarees, stitched suits, gowns and kurtis.

Awards, accreditations or recognitions

2004-2008: Recognised as “Best Men's Ethnic Wear Brand” by Central Icons.
2008-2010: Recognised as “Iconic Men’s Ethnic Brand” by Central Icons.
2014: ET Bengal Corporate Award for the “Fastest Growing Company-Maximum Turnover of Rs 300 crore” granted by Association of Corporate Advisers & Executives, Kolkata and the Economic Times.
2014: Award for Retail Excellence for being the “Pioneer in Ethnic Retail Business” granted by ABP News.
2015: Images Award for “Excellence in Supply Chain Management & Fulfillment” granted by Images Retail Tech Awards.
2015: Recognized as the “National Retailer of the Year” at the 4th Annual Indian Retail & Indian eRetail Awards.
2017: Images Award for “Most Admired Fashion Brand of the year: Men’s Indian Wear” granted by Images Fashion Awards.
2018: Images Award for “Most Admired Retailer of the Year Marketing & Promotions Campaign” granted by Images Retail Awards.
2019: Indian Retail Award for “Ethnic Fashion Retailer of the Year” granted by Shop X.
2019: Dare to Dream Award for “Company of the Year-Retail” granted by Zee Business.
2019: Times Business Award for the “Best Men's Ethnic Wear Brand (East)” granted by the Times Group.
2019: Images Award for “Most Admired Fashion Brand of the year: Men’s Indianwear” granted by Images Fashion Awards.
2020: Images Excellence Award for “Men’s Indianwear” granted by Images Fashion Awards.
2020: Recognized as India’s Retail Champion (Winner) in Specialty Retail by Bhartiya City Centre.
2020: Global Award for Retail Excellence for “Retail Marketing Campaign of the Year #TaiyaarHokarAaiye” granted by ET Now.
2020: ET Bengal Corporate Award for “Excellence in Business Performance-Turnover between INR 300 crore and 1,000 crore” granted by Association of Corporate Advisers & Executives, Kolkata and the Economic Times.
2021: Retail Award for the “Most Admired Retailer of the year-Marketing and Advertising campaign” granted by Mapic India.
2021: Employer Branding Award for “Best Employer Branding Award” hosted by World HRD Congress and Stars Group.

Major events and key milestones

2010: Inauguration of 100th EBO, in Santa Cruz, Mumbai, Maharashtra.
2011: Launch of first international store, in Dubai, United Arab Emirates.
2012: Surpassed the 200 EBO mark.
2012: Crossed Rs 1,000 million in EBO revenue.
2013: Inauguration of 300th EBO, in Quest Mall, Kolkata, West Bengal.
2013: Presence of EBOs in 100 cities.
2013: Collaboration with Kolkata Knight Riders, Delhi Daredevils, and Sunrisers Hyderabad as their ‘Official Indian Wear Partner’ at the Indian Premier League.
2014: Inauguration of our 333rd EBO, in Lower Parel, Mumbai, Maharashtra.
2014: Collaboration with Hero Indian Super League as Associate Sponsor.
2014: Inauguration of our 400th EBO, in Hazrathanj, Lucknow, Uttar Pradesh.
2014: Launch of women’s celebration wear label ‘Mohey’.
2016: Launch of first store in USA, in New Jersey.
2016: Crossed Rs 5,000 million in EBO revenue.
2017: Strategic acquisition of brand ‘Mebaz’ from New Meena Bazaar International Private Limited.
2017: Investment from Kedaara Capital AIF -and Rhine Holdings Limited.
2018: Collaboration with Rajasthan Royals and Kings XI Punjab as their official sponsors at the Indian Premier League.
2018: Refreshed launch of value celebration wear label ‘Manthan’.
2019: Inauguration of 600th store, in Mysore, Karnataka.
2019: Launch of premium men’s wear brand ‘Twamev’.
2019: Crossed Rs 10,000 million in EBO revenue.
2019: Crossed 1 million sq. ft. of EBO presence.
2020: Launch of the “Manyavar” mobile application.
2021: Partnership with Femina Miss India 2021 as Celebration Wear Partner.
2021: Collaboration with ICC Men’s T20 World Cup 2021 as the ‘ICC Official Partner’.