Vedant Fashions Ltd
MANYAVARVedant Fashions Ltd
MANYAVARPrice Chart
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Key Metrics
No LabelNo Label | PB RatioPB Ratio | Dividend YieldDiv. Yield |
---|---|---|
83.15 | 19.97 | 0.65% |
Sector PESector PE | Sector PBSector PB | Sector Div YldSctr Div Yld |
---|---|---|
43.27 | 7.27 | 0.46% |
Forecast & Ratings
Detailed Forecast from 8 analysts
Price
Price Upside
Earnings
Earnings Growth
Revenue
Rev. Growth
Company Profile
Vedant Fashions is engaged in manufacturing, trading, and sale of readymade ethnic wear for men, women and kids primarily in India.
Peers
Compare with peersKPR Mill Ltd
Century Textiles and Industries Ltd
Trident Ltd
Swan Energy Ltd
Welspun Living Ltd
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Forecasts
Price
Revenue
Earnings
Price Forecast
All values in ₹
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Revenue Forecast
All values in ₹ Thousand cr.
All values in ₹ Thousand cr.
Earnings Per Share Forecast
All values in ₹
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Income
Balance Sheet
Cash Flow
Income Statement
Financial Year | FY 2018 | FY 2019 | FY 2020 | FY 2021 | FY 2022 | FY 2023 | FY 2024 | TTM | ||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Total Revenue | 768.59 | 819.80 | 947.98 | 625.02 | 1,090.77 | 1,395.17 | 1,437.20 | 1,371.88 | ||||||||
Raw Materials | 232.13 | 210.95 | 261.10 | 126.25 | 285.85 | 371.74 | 334.92 | 673.09 | ||||||||
Power & Fuel Cost | 2.23 | 1.15 | 1.66 | 1.20 | 1.03 | 1.23 | 1.32 | |||||||||
Employee Cost | 48.96 | 47.21 | 53.30 | 38.11 | 57.53 | 56.63 | 56.78 | |||||||||
Selling & Administrative Expenses | 165.44 | 184.00 | 130.33 | 75.44 | 120.63 | 157.43 | 173.14 | |||||||||
Operating & Other expenses | 77.66 | 83.82 | 75.41 | 80.75 | 79.93 | 97.05 | 143.29 | |||||||||
EBITDA | 242.17 | 292.67 | 426.18 | 303.27 | 545.80 | 711.09 | 727.75 | 698.79 | ||||||||
Depreciation/Amortization | 9.67 | 8.58 | 88.73 | 95.53 | 94.36 | 103.79 | 134.85 | 142.13 | ||||||||
PBIT | 232.50 | 284.09 | 337.45 | 207.74 | 451.44 | 607.30 | 592.90 | 556.66 | ||||||||
Interest & Other Items | 6.04 | 4.35 | 25.61 | 25.82 | 28.43 | 31.46 | 44.50 | 49.01 | ||||||||
PBT | 226.46 | 279.74 | 311.84 | 181.92 | 423.01 | 575.84 | 548.40 | 507.65 | ||||||||
Taxes & Other Items | 78.57 | 97.58 | 75.20 | 49.01 | 108.10 | 146.73 | 134.23 | 122.96 | ||||||||
Net Income | 147.89 | 182.16 | 236.64 | 132.91 | 314.91 | 429.11 | 414.17 | 384.69 | ||||||||
EPS | 12.79 | 15.13 | 18.90 | 10.67 | 17.18 | 17.68 | 17.06 | 15.84 | ||||||||
DPS | 0.00 | 0.00 | 4.00 | 0.00 | 5.00 | 9.00 | 8.50 | 9.00 | ||||||||
Payout ratio | 0.00 | 0.00 | 0.21 | 0.00 | 0.29 | 0.51 | 0.50 | 0.57 |
Company Updates
Peers & Comparison
Consumer DiscretionaryTextiles
Valuation
Technical
Forecast
Stock | PE RatioPE Ratio | PB RatioPB Ratio | Div. YieldDividend Yield |
---|---|---|---|
Vedant Fashions Ltd | 77.23 | 19.97 | 0.65% |
KPR Mill Ltd | 39.69 | 7.33 | 0.53% |
Century Textiles and Industries Ltd | 597.09 | 7.37 | 0.19% |
Trident Ltd | 50.41 | 4.08 | 1.04% |
Price Comparison
Compare MANYAVAR with any stock or ETFShareholdings
Promoter Holdings Trend
Total Promoter Holding
In last 6 months, promoter holding in the company has almost stayed constant
Low Pledged Promoter Holding
Pledged promoter holdings is insignificant
Institutional Holdings Trend
Total Retail Holding
In last 3 months, retail holding in the company has almost stayed constant
Foreign Institutional Holding
In last 3 months, foreign institutional holding of the company has almost stayed constant
Shareholding Pattern
Sep 2023
Dec 2023
Mar 2024
Jun 2024
Shareholding History
Mutual Funds Holding Trend
Mutual Fund Holding
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) | The rupee value of the stock held by the fund divided by the stock’s market cap Market-cap held | Percentage of the fund’s portfolio invested in the stock Weight | Change in the portfolio weight of the stock over the last 3 months 3M holding change | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months Portfolio rank(3M change) |
---|---|---|---|---|
SBI Equity Hybrid Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 2.1056% | Percentage of the fund’s portfolio invested in the stock 0.90% | Change in the portfolio weight of the stock over the last 3 months 0.17% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 31/96 (-3) |
SBI Small Cap Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.4739% | Percentage of the fund’s portfolio invested in the stock 1.38% | Change in the portfolio weight of the stock over the last 3 months 0.19% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 31/63 (+5) |
Kotak Emerging Equity Fund - Growth - Direct Plan Growth | The rupee value of the stock held by the fund divided by the stock’s market cap 1.2541% | Percentage of the fund’s portfolio invested in the stock 0.76% | Change in the portfolio weight of the stock over the last 3 months 0.13% | The rank of the stock in the fund’s portfolio based on its weight in the portfolio along with the change in the rank over the last 3 months 54/74 (0) |
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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
Dividend/Share
₹8.50
Ex DateEx Date
Aug 23, 2024
Cash Dividend
Ex DateEx DateAug 17, 2023
Dividend/Share
₹9.00
Ex DateEx Date
Aug 17, 2023
Cash Dividend
Ex DateEx DateAug 30, 2022
Dividend/Share
₹5.00
Ex DateEx Date
Aug 30, 2022
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
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
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
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
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
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
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
Vedant Fashions will hold a meeting of the Board of Directors of the Company on 29 July 2024.Powered by Capital Market - Live
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
Higher than Industry Revenue Growth
Over the last 5 years, revenue has grown at a yearly rate of 11.88%, vs industry avg of 3.03%
Increasing Market Share
Over the last 5 years, market share increased from 0.57% to 0.84%
Higher than Industry Net Income
Over the last 5 years, net income has grown at a yearly rate of 17.85%, vs industry avg of -9.32%