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Vedant Fashions Ltd

MANYAVAR

Vedant Fashions Ltd

MANYAVAR
Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹31,987 cr, stock is ranked 255
Moderate RiskStock is 2.23x as volatile as Nifty
1,328.400.88% (+11.55)
1,328.400.88% (+11.55)

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Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹31,987 cr, stock is ranked 255
Moderate RiskStock is 2.23x as volatile as Nifty

How to use scorecard? Learn more

Consumer DiscretionaryTextiles
SmallcapWith a market cap of ₹31,987 cr, stock is ranked 255
Moderate RiskStock is 2.23x as volatile as Nifty

Key Metrics

No LabelNo LabelPB RatioPB RatioDividend YieldDiv. Yield
83.1519.970.65%
Sector PESector PESector PBSector PBSector Div YldSctr Div Yld
43.277.270.46%

Forecast & Ratings

Detailed Forecast 
88%
Analysts have suggested that investors can buy this stock

from 8 analysts

Price

Price Upside

Earnings

Earnings Growth

Revenue

Rev. Growth

See Detailed Forecast

Company Profile

Vedant Fashions is engaged in manufacturing, trading, and sale of readymade ethnic wear for men, women and kids primarily in India.

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Forecasts

Price

Revenue

Earnings

Income

Balance Sheet

Cash Flow

Income Statement

Industry refers to the sub-sector this company belongs to.

Higher than Industry Revenue Growth

A higher-than-industry revenue growth represents increased potential for the company to increase their market share

Over the last 5 years, revenue has grown at a yearly rate of 11.88%, vs industry avg of 3.03%

Increasing Market Share

Market share is the percentage of an industry's total sales going to a particular company. It gives a general idea of the size of a company v/s its competitors

Over the last 5 years, market share increased from 0.57% to 0.84%

Higher than Industry Net Income

Net income is equal to net earnings (profit) less expenses. This number is an important measure of how profitable the company is

Over the last 5 years, net income has grown at a yearly rate of 17.85%, vs industry avg of -9.32%

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Financial YearFY 2018FY 2019FY 2020FY 2021FY 2022FY 2023FY 2024TTM
Total Revenue768.59819.80947.98625.021,090.771,395.171,437.201,371.88
Raw Materialssubtract232.13210.95261.10126.25285.85371.74334.92673.09
Power & Fuel Costsubtract2.231.151.661.201.031.231.32
Employee Costsubtract48.9647.2153.3038.1157.5356.6356.78
Selling & Administrative Expensessubtract165.44184.00130.3375.44120.63157.43173.14
Operating & Other expensessubtract77.6683.8275.4180.7579.9397.05143.29
Depreciation/Amortizationsubtract9.678.5888.7395.5394.36103.79134.85142.13
Interest & Other Itemssubtract6.044.3525.6125.8228.4331.4644.5049.01
Taxes & Other Itemssubtract78.5797.5875.2049.01108.10146.73134.23122.96
EPS12.7915.1318.9010.6717.1817.6817.0615.84
DPS0.000.004.000.005.009.008.509.00
Payout ratio0.000.000.210.000.290.510.500.57

Company Updates

Annual Report and Investor Presentation updates mentioned here are as reported by the company to the exchange
FY 2022

Annual report

PDF

Investor Presentation

May 23PDF
May 10PDF
Mar 2PDF
FY 2023

Annual report

PDF

Investor Presentation

Apr 28PDF
Jan 28PDF
Nov 11PDF
Aug 8PDF
FY 2024

Annual report

PDF

Investor Presentation

Jul 26PDF
 

Peers & Comparison

Comparing 3 stocks from 
Consumer DiscretionaryTextiles

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StockPE RatioPE RatioPB RatioPB RatioDiv. YieldDividend Yield
Vedant Fashions Ltd77.2319.970.65%
KPR Mill Ltd39.697.330.53%
Century Textiles and Industries Ltd597.097.370.19%
Trident Ltd50.414.081.04%

Price Comparison

Compare MANYAVAR with any stock or ETF
Compare MANYAVAR with any stock or ETF
MANYAVAR
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Shareholdings

Promoter Holdings Trend

Total Promoter Holding

Increasing promoter holding is considered good and reflects management’s positive view about the future outlook

In last 6 months, promoter holding in the company has almost stayed constant

Low Pledged Promoter Holding

Lower pledged promoter holdings is considered better

Pledged promoter holdings is insignificant

Institutional Holdings Trend

Total Retail Holding

Increasing retail holding can be considered bad as it can reflect that institutions and promoters are selling their stake which is being absorbed by retail investors.

In last 3 months, retail holding in the company has almost stayed constant

Foreign Institutional Holding

Foreign Institutional Holding is quantum of stock held by foreign large-quantities-trading entities. Increasing value indicates growing support and comfort for the stock

In last 3 months, foreign institutional holding of the company has almost stayed constant

Tickertape Separator

Shareholding Pattern

Retail and OthersForeign InstitutionsOther Domestic InstitutionsMutual FundsTotal Promoter Holding74.97%9.04%2.84%9.04%4.10%

Sep 2023

Dec 2023

Mar 2024

Jun 2024

Shareholding History

MarJunSepDec '23MarJun3.41%6.27%6.67%7.74%8.13%9.04%

Mutual Funds Holding Trend

Mutual Fund Holding

Increasing Mutual Fund holdings are generally considered good, as it reflects that fund managers are becoming more bullish about the stock

In last 3 months, mutual fund holding of the company has almost stayed constant

Top 5 Mutual Funds holding Vedant Fashions Ltd




Funds (Top 5)Market-cap heldWeight3M holding changePortfolio rank
(3M change)
SBI Equity Hybrid Fund - Growth - Direct Plan

Growth
2.1056%0.90%0.17%31/96 (-3)
SBI Small Cap Fund - Growth - Direct Plan

Growth
1.4739%1.38%0.19%31/63 (+5)
Kotak Emerging Equity Fund - Growth - Direct Plan

Growth
1.2541%0.76%0.13%54/74 (0)

Compare 3-month MF holding change on Screener

Insider Trades & Bulk Deals

Hmm, looks like there hasn't been any net deal activity in the last 6 months

smallcases

A smallcase is a basket of stocks/ETFs that represents an idea or theme.Diversify your risk and buy smallcases that have Vedant Fashions Ltd

Events

Dividend Trend

No dividend trend available

Dividends

Corp. Actions

Announcements

Legal Orders

Upcoming Dividends

No upcoming dividends are available

Past Dividends

Cash Dividend

Ex DateEx DateAug 23, 2024

Final
Final | Div/Share: ₹8.50

Dividend/Share

8.50

Ex DateEx Date

Aug 23, 2024

Cash Dividend

Ex DateEx DateAug 17, 2023

Final
Final | Div/Share: ₹9.00

Dividend/Share

9.00

Ex DateEx Date

Aug 17, 2023

Cash Dividend

Ex DateEx DateAug 30, 2022

Final
Final | Div/Share: ₹5.00

Dividend/Share

5.00

Ex DateEx Date

Aug 30, 2022

News & Opinions
Spotlight
Volumes soar at Vedant Fashions Ltd counter

Poly Medicure Ltd, Emami Ltd, Esab India Ltd, Berger Paints India Ltd are among the other stocks to see a surge in volumes on BSE today, 14 October 2024.Vedant Fashions Ltd recorded volume of 64001 shares by 10:47 IST on BSE, a 12.31 times surge over two-week average daily volume of 5199 shares. The stock lost 0.98% to Rs.1,309.60. Volumes stood at 5637 shares in the last session.Poly Medicure Ltd registered volume of 14973 shares by 10:47 IST on BSE, a 4.46 fold spurt over two-week average daily volume of 3354 shares. The stock rose 5.85% to Rs.2,481.55. Volumes stood at 2959 shares in the last session.Emami Ltd recorded volume of 1.07 lakh shares by 10:47 IST on BSE, a 4.09 times surge over two-week average daily volume of 26206 shares. The stock lost 2.48% to Rs.712.45. Volumes stood at 5697 shares in the last session.Esab India Ltd registered volume of 1716 shares by 10:47 IST on BSE, a 3.95 fold spurt over two-week average daily volume of 434 shares. The stock rose 5.97% to Rs.6,505.20. Volumes stood at 268 shares in the last session.Berger Paints India Ltd notched up volume of 2.89 lakh shares by 10:47 IST on BSE, a 3.88 fold spurt over two-week average daily volume of 74445 shares. The stock slipped 0.39% to Rs.569.50. Volumes stood at 53010 shares in the last session.Powered by Capital Market - Live

1 day agoCapital Market - Live
Corporate
Vedant Fashions allots 9,759 equity shares under ESOS

Vedant Fashions has allotted 9,759 equity shares under ESOS on 16 September 2024. With this allotment, the paid up equity share capital of the company has increased to Rs. 24,29,08,366/- divided into 24,29,08,366 equity shares of Re. 1/- each. Powered by Capital Market - Live

4 weeks agoCapital Market - Live
Corporate
Vedant Fashions AGM scheduled

Vedant Fashions announced that the 22th Annual General Meeting (AGM) of the company will be held on 30 August 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Spotlight
Vedant Fashions slides after Q1 PAT drops to Rs 1,067 cr

Revenue from operations stood at Rs 239.82 crore in the quarter ended June 2024, declined 23.04% year on year. Profit before tax tumbled 32.09% to Rs 83.06 crore in Q1 FY25 as against with Rs 123.80 crore posted in the corresponding quarter previous year. Total expenses fell 12.11% year on year to Rs 178.22 crore in Q1 FY25. Cost of raw material used stood at Rs 28.15 crore (up 9.87% YoY) while depreciation and amortization expense was at Rs 37.18 crore (up 24.34% YoY). EBTDA skid 22.9% to Rs 114.7 crore in Q1 FY25 as compared with Rs 148.7 crore posted in Q1 FY24. EBITDA margin was at 47.8% in Q1 FY25. The company stated that Q1 FY25 was one of a kind of exceptional period in the last decade, with extremely low/ negligible wedding dates throughout the quarter nationally, resulting it to behave like a Non -Wedding quarter. Further the company stated that it continued to maintain strong gross margin % of 67.7% along with healthy EBITDA & PAT margin of 47.8% and 26.1% in Q1 FY25 respectively. On standalone basis, the company's net profit tumbled 32.90% to Rs 61.94 crore in Q1 FY25 as against with Rs 92.32 crore posted in Q1 FY24. Revene from operations was at Rs 239.49 crore in the quarter ended June 2024, down 23.04% year on year. Vedant Fashions is primarily engaged in manufacturing, trading and sale of readymade ethnic wear for men, women and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev and Manthan.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Vedant Fashions allots 10,588 equity shares under ESOP

Vedant Fashions has allotted 10,588 equity shares under ESOP on 29 July 2024. With this allotment, the paid up equity share capital has increased to Rs 24,28,86,424 divided into 24,28,86,424 equity shares of Re 1 each. Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Vedant Fashions fixes record date for dividend

Vedant Fashions has fixed 23 August 2024 as record date for purpose of dividend. The dividend will be paid on or after 31 August 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live
Earnings
Vedant Fashions consolidated net profit declines 32.04% in the June 2024 quarter

Net profit of Vedant Fashions declined 32.04% to Rs 62.49 crore in the quarter ended June 2024 as against Rs 91.95 crore during the previous quarter ended June 2023. Sales declined 23.04% to Rs 239.82 crore in the quarter ended June 2024 as against Rs 311.62 crore during the previous quarter ended June 2023. ParticularsQuarter EndedJun. 2024Jun. 2023% Var. Sales239.82311.62 -23 OPM %46.9947.55 - PBDT120.24153.72 -22 PBT83.06123.81 -33 NP62.4991.95 -32 Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Vedant Fashions to convene board meeting

Vedant Fashions will hold a meeting of the Board of Directors of the Company on 29 July 2024.Powered by Capital Market - Live

2 months agoCapital Market - Live
Corporate
Vedant Fashions appoints Chief Human Resources Officer

Vedant Fashions has appointed Arunangshu Chatterjee as the Chief Human Resources Officer (CHRO) of the Company, forming part of the Senior Management of the Company with effect from 22 July 2024. Powered by Capital Market - Live

2 months agoCapital Market - Live