Vedant Fashions Limited
₹478.20-₹9.15 (-1.9%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹13,161 Cr
- P/E
- 34.2x
- EV / EBITDA
- 18.4x
- Revenue
- ₹1,386 Cr
- Net margin
- 30.3%
- ROCE
- 32.2%
Price chart
Technical chartScreen technicals →-28.7% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -10.9%
- 3M
- +14.5%
- 6M
- +12.0%
- 1Y
- -28.7%
- 5Y
- -47.3%
52-week range
Day change -₹9.15 (-1.9%) from ₹487 to ₹478 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in MANYAVAR, bought on each weekday since 2022.
AI Summary
Indian StockStrengths1
- Healthy return on equity of 25.8%
Concerns1
- Operating margin declining for 3 consecutive years (50.0% → 48.0% → 46.0%)
Rule-based from financial data. Not advice.
About the company
Vedant Fashions Limited manufactures, trades, and sells wedding and celebration wear in India Nepal, the United States, Canada, the United Arab Emirates, the United Kingdom, and internationally.
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Vedant Fashions Limited manufactures, trades, and sells wedding and celebration wear in India Nepal, the United States, Canada, the United Arab Emirates, the United Kingdom, and internationally. The company offers kurta sets, indo-western, sherwani sets, jackets, accessories, jodhpuris suits, and short kurtas for men; lehengas, sarees, stitched suits, crop top lehengas, gowns, and accessories for women; and kurta sets, jacket sets, indo-western outfits, child infant, child accessories, girls' ghagra choli, girls' gowns, and girls' frock for children. It provides its products under the Manyavar, Mohey, Twamev, Diwas, and Mebaz brands through franchised stores, multi-brand outlets, large format stores, and e-commerce. Vedant Fashions Limited was founded in 1999 and is headquartered in Kolkata, India.
- Sector
- Consumer Discretionary
- Shares outstanding
- 24.3 Cr shares
- ISIN
- INE825V01034
- BSE code
- 543463
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹13,161 Cr
- P/E
- 34.2x
- P/B
- 7.6x
- EV / EBITDA
- 18.4x
- EV / Sales
- 9.8x
- P/S
- 9.6x
- Earnings yield
- 2.9%
- 52-week high
- ₹694.35
- 52-week low
- ₹337.45
Profitability
- Operating margin
- 48.1%
- Net margin
- 30.3%
- EBITDA margin
- 53.2%
- ROE
- 25.8%
- ROCE
- 32.2%
- ROA
- 16.5%
- Dividend payout
- 50.0%
- Tax rate
- 24.0%
- Other income, % of PBT
- 12.8%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,386 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 1.3%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 8.4%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹728 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 4.7%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -6.3%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 11.1%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹483 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 5.2%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -₹4.00 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.1%
Solvency and efficiency
- Current ratio
- 3.99
- Debt / Equity
- 0.28
- Debt / Assets
- 0.18
- Debt / EBITDA
- 0.61
- Interest coverage
- 14.95
- Financial leverage
- 1.57
- CFO / Net profit
- 1.17
- Cash / Market cap
- 6.7%
- Cash per share
- ₹36.42
- Asset turnover
- 0.55
- Fixed asset turnover
- 2.06
- Capital intensity
- 0.48
- Debtor days
- 151 days
- Inventory turnover
- 2.63
- Cash conversion cycle
- 200 days
Where the revenue went
Of every ₹100 of FY2025 revenue, ₹28 was left as net profit.
| From | To | Amount |
|---|---|---|
| Sales | Expenses | ₹743 Cr |
| Sales | Operating profit | ₹643 Cr |
| Operating profit | Interest | ₹55 Cr |
| Operating profit | Depreciation | ₹153 Cr |
| Operating profit | Profit before tax | ₹435 Cr |
| Other income | Profit before tax | ₹85 Cr |
| Profit before tax | Tax and other | ₹132 Cr |
| Profit before tax | Net profit | ₹388 Cr |
Revenue and net profit
Revenue grew 1.3% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹542 Cr | ₹131 Cr |
| FY2022 | ₹1,009 Cr | ₹308 Cr |
| FY2023 | ₹1,326 Cr | ₹423 Cr |
| FY2024 | ₹1,368 Cr | ₹414 Cr |
| FY2025 | ₹1,386 Cr | ₹388 Cr |
Cash flows
FY2025: ₹389 Cr from operations, ₹373 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹253 Cr | ₹163 Cr |
| FY2022 | ₹341 Cr | ₹403 Cr |
| FY2023 | ₹459 Cr | ₹231 Cr |
| FY2024 | ₹483 Cr | ₹373 Cr |
| FY2025 | ₹389 Cr | ₹373 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,386 Cr+1.3%1Y
- Net profit
- ₹388 Cr-6.3%1Y
- Cash from operations
- ₹389 Cr
- Free cash flow
- ₹373 Cr0.0%1Y
- Revenue CAGR, 5Y
- 8.4%
- EBITDA CAGR, 5Y
- 11.1%
- Net profit CAGR, 5Y
- 11.1%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,386 Cr | ₹643 Cr | — | ₹388 Cr | ₹389 Cr | ₹373 Cr | 21.7% | +1.3% | -6.3% |
Monthly returns
Month-by-month returns of MANYAVAR across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,747 Cr |
| Equity capital | ₹24 Cr |
| Reserves | ₹1,762 Cr |
| Borrowings | ₹483 Cr |
| Other liabilities | ₹477 Cr |
| Assets | ₹2,747 Cr |
| Fixed assets | ₹688 Cr |
| Capital work in progress | ₹0 Cr |
| Investments | ₹1,051 Cr |
| Other assets | ₹1,008 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
MANYAVAR trades at 34.2x earnings against a peer median of 55.4x (a 38% discount).
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| Vedant Fashions LimitedMANYAVARthis companyP/E ↓ discount | ₹13,161 Cr | 34.2x | 7.6x | 25.8% | 18.4x |
| Akzo Nobel India LimitedJSWDULUX | ₹14,151 Cr | 36.2x | 6.3x | 32.1% | 20.6x |
| Brainbees Solutions LimitedFIRSTCRY | ₹14,040 Cr | 164.0x | 2.3x | -1.5% | 119.7x |
| V-Guard Industries Ltd.VGUARD | ₹13,660 Cr | 55.1x | 6.6x | 13.1% | 33.9x |
| International Gemmological Institute India LimitedIGIL | ₹13,524 Cr | 25.6x | 5.7x | — | — |
| Allied Blenders and Distillers LimitedABDL | ₹13,504 Cr | 49.6x | 8.4x | 1.6% | 56.6x |
| LT Foods LimitedLTFOODS | ₹12,994 Cr | 62.3x | 7.1x | 9.4% | 47.4x |
| IndiaMART InterMESH LimitedINDIAMART | ₹12,964 Cr | 21.4x | 5.8x | 20.5% | 25.8x |
| BLS International Services LtdBLS | ₹12,241 Cr | 1632.0x | 162.3x | 41.6% | 255.2x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
MANYAVAR since 1 January, against earlier years.
Historical volatility
MANYAVAR's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 43.0% |
| FY2022 | 48.0% |
| FY2023 | 50.0% |
| FY2024 | 48.0% |
| FY2025 | 46.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,386 Cr |
| Costs | |
| Interest | ₹55 Cr |
| Expenses | ₹744 Cr |
| Operating profitOperating Profit | ₹643 Cr |
| Other income and charges | |
| Profit before tax | ₹520 Cr |
| Tax | |
| Net profitNet Profit | ₹388 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,747 Cr |
| Equity capitalEquity Capital | ₹24 Cr |
| Reserves | ₹1,762 Cr |
| Borrowings | ₹483 Cr |
| Other liabilitiesOther Liabilities | ₹477 Cr |
| AssetsTotal Assets | ₹2,747 Cr |
| Fixed assetsFixed Assets | ₹688 Cr |
| Capital work in progressCWIP | ₹0 Cr |
| Investments | ₹1,051 Cr |
| Other assetsOther Assets | ₹1,008 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹389 Cr |
| Investing cash flowCash from Investing Activity | -₹16 Cr |
| Financing cash flowCash from Financing Activity | -₹377 Cr |
| Change in cashNet Cash Flow | -₹4 Cr |
Learn while you research
Academy chapters picked for Vedant Fashions Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 34.2, learn when high multiples are justified.6 min read
- 04 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 05 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read
- 06 Essential Stock RatiosP/E, P/B, EV/EBITDA, what they mean and when to use each.7 min read