Arvind Fashions Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:51 am

Market Cap	6,959 Cr.
Current Price	522
High / Low	640/385
Stock P/E	81.2
Book Value	76.7
Dividend Yield	0.24 %
ROCE	14.0 %
ROE	8.80 %
Face Value	4.00
PEG Ratio	0.64

Stock P/E, Current Price, and Intrinsic Value Over Time

Stock P/E Current Price Intrinsic Value

View Share Price Target for

Competitors of

Stock Name	Market Cap	Current Price	High / Low	Stock P/E	Book Value	Dividend Yield	ROCE	ROE	Face Value
Haria Exports Ltd	7.18 Cr.	6.22	9.36/3.87	65.3	12.2	0.00 %	0.64 %	0.64 %	10.0
Haria Apparels Ltd	8.23 Cr.	5.38	6.80/4.37	15.0	3.62	0.00 %	18.6 %	18.2 %	10.0
Garment Mantra Lifestyle Ltd	50.8 Cr.	2.53	4.61/2.20	16.7	1.92	0.00 %	7.86 %	6.85 %	1.00
Cityman Ltd	32.2 Cr.	27.5	27.5/14.4		5.49	0.00 %	4.69 %	%	10.0
Bindal Exports Ltd	11.9 Cr.	25.8	25.8/16.1	28.3	22.1	0.00 %	6.61 %	2.96 %	10.0
Industry Average	5,399.95 Cr	1,855.49		56.94	138.56	0.15%	12.29%	14.34%	7.13

All Competitor Stocks of

Quarterly Result

Month	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Sales	319	812	1,008	917	920	1,182	1,073	1,055	867	1,174	1,125	1,094	955
Expenses	428	756	911	844	828	1,066	961	942	773	1,035	982	959	839
Operating Profit	-109	56	97	73	92	116	112	113	93	139	143	135	116
OPM %	-34%	7%	10%	8%	10%	10%	10%	11%	11%	12%	13%	12%	12%
Other Income	21	-54	9	21	2	20	11	10	10	0	36	12	8
Interest	38	36	27	23	28	32	34	34	34	36	38	35	38
Depreciation	57	58	57	61	53	59	55	55	55	55	62	59	61
Profit before tax	-183	-91	22	10	13	45	34	35	14	48	79	53	24
Tax %	-0%	3%	20%	-123%	38%	38%	35%	18%	132%	23%	18%	25%	41%
Net Profit	-182	-94	18	22	8	28	22	29	-5	37	65	40	14
EPS in Rs	-15.62	-7.38	0.48	0.06	-0.04	1.37	0.61	0.82	-1.24	1.63	3.84	1.83	0.10

Last Updated: September 11, 2024, 3:29 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: September 11, 2024, 3:29 pm

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	TTM
Sales	1,292	4,219	4,644	3,614	1,912	3,056	4,069	4,259	4,347
Expenses	1,218	3,977	4,350	3,390	1,911	2,864	3,630	3,734	3,815
Operating Profit	74	242	294	224	1	192	440	525	533
OPM %	6%	6%	6%	6%	0%	6%	11%	12%	12%
Other Income	2	5	4	-2	-134	-67	26	56	56
Interest	34	96	131	278	183	135	135	156	148
Depreciation	43	139	153	421	238	233	203	230	237
Profit before tax	-1	12	13	-477	-554	-242	127	194	204
Tax %	-1,310%	-12%	-67%	-16%	8%	-2%	32%	29%
Net Profit	15	13	21	-399	-596	-237	87	137	156
EPS in Rs			1.48	-35.31	-51.08	-20.19	2.76	6.06	7.40
Dividend Payout %	0%	0%	0%	0%	0%	0%	36%	21%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year	2017-2018	2018-2019	2019-2020	2020-2021	2021-2022	2022-2023	2023-2024
YoY Net Profit Growth (%)	-13.33%	61.54%	-2000.00%	-49.37%	60.23%	136.71%	57.47%
Change in YoY Net Profit Growth (%)	0.00%	74.87%	-2061.54%	1950.63%	109.61%	76.47%	-79.24%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 7 years from 2017-2018 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:	%
5 Years:	-2%
3 Years:	31%
TTM:	7%

Compounded Profit Growth
10 Years:	%
5 Years:	39%
3 Years:	29%
TTM:	108%

Stock Price CAGR
10 Years:	%
5 Years:	13%
3 Years:	23%
1 Year:	27%

Return on Equity
10 Years:	%
5 Years:	-27%
3 Years:	-5%
Last Year:	9%

Last Updated: Unknown

Balance Sheet

Last Updated: November 15, 2024, 1:41 am

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Sep 2024
Equity Capital	22	23	23	23	42	53	53	53	53
Reserves	636	1,037	1,106	574	480	697	857	950	969
Borrowings	604	745	824	2,162	1,755	958	1,265	1,148	1,174
Other Liabilities	946	1,371	1,571	1,673	1,424	1,558	1,497	1,456	1,678
Total Liabilities	2,208	3,176	3,524	4,433	3,701	3,267	3,672	3,607	3,874
Fixed Assets	340	532	537	1,234	1,045	661	865	896	956
CWIP	0	1	11	1	0	0	2	4	0
Investments	82	0	0	0	0	0	0	0	0
Other Assets	1,786	2,643	2,975	3,197	2,656	2,605	2,805	2,707	2,917
Total Assets	2,208	3,176	3,524	4,433	3,701	3,267	3,672	3,607	3,874

Reserves and Borrowings Chart

Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Cash from Operating Activity +	-146	-78	175	206	-70	300	317	434
Cash from Investing Activity +	-703	-145	-132	-118	-49	-9	-28	32
Cash from Financing Activity +	855	226	-46	-85	113	-209	-198	-491
Net Cash Flow	6	4	-3	3	-6	82	91	-25

Free Cash Flow

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Free Cash Flow	-530.00	-503.00	-530.00	222.00	0.00	-766.00	439.00	524.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

Month	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024
Debtor Days	71	68	69	79	119	68	50	55
Inventory Days	495	134	189	239	264	177	173	163
Days Payable	392	197	198	243	300	224	180	168
Cash Conversion Cycle	173	5	60	75	84	22	44	51
Working Capital Days	125	75	80	101	174	87	81	77
ROCE %		7%	7%	-8%	-5%	1%	14%	14%

Financial Efficiency Indicators Chart

Share Holding Pattern

Month	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024
Promoters	36.96%	36.93%	36.92%	36.88%	36.84%	36.83%	36.82%	36.82%	36.80%	36.79%	36.78%	35.21%
FIIs	7.84%	7.86%	7.87%	7.63%	7.64%	16.31%	16.31%	15.78%	16.60%	16.76%	15.73%	15.58%
DIIs	10.85%	11.02%	11.25%	11.68%	11.06%	10.54%	10.53%	9.94%	8.00%	8.37%	10.66%	11.93%
Public	44.35%	44.19%	43.95%	43.80%	44.44%	36.33%	36.33%	37.46%	38.59%	38.09%	36.82%	37.27%
No. of Shareholders	1,74,408	1,72,325	1,71,465	1,68,885	1,65,454	1,65,868	1,63,930	1,62,162	1,62,014	1,67,323	1,68,919	1,64,774

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund Name	No of Shares	AUM (%)	Amount Invested (Cr)	Previous Number of Shares	Previous Date	Percentage Change
ICICI Prudential ELSS Tax Saver Fund	2,110,986	0.74	108.04	106,081	2024-12-18	1889.98%
Tata Hybrid Equity Fund - Regular Plan	910,000	1.1	46.57	106,081	2024-12-18	757.84%
ICICI Prudential Equity & Debt Fund	905,803	0.12	46.36	106,081	2024-12-18	753.88%
LIC MF Large & Mid Cap Fund	502,646	0.81	25.73	106,081	2024-12-18	373.83%
Canara Robeco Consumer Trends Fund	500,000	1.51	25.59	106,081	2024-12-18	371.34%
LIC MF Flexi Cap Fund	295,334	1.36	15.12	106,081	2024-12-18	178.4%
LIC MF Multi Cap Fund	238,957	0.95	12.23	106,081	2024-12-18	125.26%
LIC MF Small Cap Fund	151,805	2.44	7.77	106,081	2024-12-18	43.1%
LIC MF Aggressive Hybrid Fund	106,081	0.98	5.43	106,081	2024-12-18	0%
LIC MF Aggressive Hybrid Fund	106,081	0.98	5.43	106,081	2024-12-18	0%

ROCE Trend

EPS Trend

Key Financial Ratios

Month	Mar 24	Mar 23	Mar 22	Mar 21	Mar 20
FaceValue	4.00	4.00	4.00	4.00	4.00
Basic EPS (Rs.)	6.07	2.77	-21.90	-62.91	-68.37
Diluted EPS (Rs.)	6.05	2.76	-21.90	-62.86	-67.89
Cash EPS (Rs.)	27.61	24.52	-0.27	-27.65	6.50
Book Value[Excl.RevalReserv]/Share (Rs.)	89.67	82.23	64.22	55.75	117.15
Book Value[Incl.RevalReserv]/Share (Rs.)	89.67	82.23	64.22	55.75	117.15
Revenue From Operations / Share (Rs.)	320.29	332.85	230.77	207.51	658.93
PBDIT / Share (Rs.)	40.93	38.03	18.65	11.44	49.58
PBIT / Share (Rs.)	23.63	20.06	1.06	-17.10	-24.99
PBT / Share (Rs.)	12.32	9.64	-8.30	-42.56	-84.60
Net Profit / Share (Rs.)	10.31	6.55	-17.87	-56.19	-68.06
NP After MI And SOA / Share (Rs.)	6.06	2.76	-20.19	-54.66	-68.31
PBDIT Margin (%)	12.77	11.42	8.08	5.51	7.52
PBIT Margin (%)	7.37	6.02	0.45	-8.23	-3.79
PBT Margin (%)	3.84	2.89	-3.59	-20.50	-12.83
Net Profit Margin (%)	3.21	1.96	-7.74	-27.07	-10.32
NP After MI And SOA Margin (%)	1.89	0.83	-8.74	-26.33	-10.36
Return on Networth / Equity (%)	8.03	4.03	-35.64	-111.07	-66.97
Return on Capital Employeed (%)	16.64	15.05	0.92	-11.12	-8.23
Return On Assets (%)	2.23	0.99	-8.19	-15.66	-9.00
Long Term Debt / Equity (X)	0.01	0.03	0.09	0.37	1.66
Total Debt / Equity (X)	0.46	0.65	0.66	1.81	3.56
Asset Turnover Ratio (%)	1.17	1.27	0.16	0.09	0.30
Current Ratio (X)	1.27	1.20	1.16	1.01	0.95
Quick Ratio (X)	0.74	0.68	0.68	0.61	0.46
Inventory Turnover Ratio (X)	0.00	0.00	0.00	0.01	0.01
Dividend Payout Ratio (NP) (%)	16.46	0.00	0.00	0.00	0.00
Dividend Payout Ratio (CP) (%)	4.27	0.00	0.00	0.00	0.00
Earning Retention Ratio (%)	83.54	0.00	0.00	0.00	0.00
Cash Earning Retention Ratio (%)	95.73	0.00	0.00	0.00	0.00
Interest Coverage Ratio (X)	3.77	3.65	1.99	0.53	1.01
Interest Coverage Ratio (Post Tax) (X)	1.78	1.64	0.16	-0.99	-0.17
Enterprise Value (Cr.)	6511.67	4303.01	4255.15	2467.51	3062.60
EV / Net Operating Revenue (X)	1.53	0.97	1.39	1.12	0.79
EV / EBITDA (X)	11.96	8.52	17.22	20.34	10.53
MarketCap / Net Operating Revenue (X)	1.41	0.84	1.23	0.66	0.22
Retention Ratios (%)	83.53	0.00	0.00	0.00	0.00
Price / BV (X)	6.00	4.09	5.01	2.82	1.43
Price / Net Operating Revenue (X)	1.41	0.84	1.23	0.66	0.22
EarningsYield	0.01	0.01	-0.07	-0.39	-0.46

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 549.38

Calculation basis:

Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 5.25% compared to the current share price 522.00

Intrinsic Value of as of December 22, 2024 is: 1,243.79

Calculation basis:

Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 138.27% compared to the current share price 522.00

Last 5 Year EPS CAGR: 126.40%

*Investments are subject to market risks

Strength and Weakness

Strength	Weakness
	The stock has a low average ROCE of 3.75%, which may not be favorable. The stock has a high average Working Capital Days of 100.00, which may not be favorable. The stock has a high average Cash Conversion Cycle of 64.25, which may not be favorable. The company has higher borrowings (1,181.67) compared to reserves (811.78), which may suggest financial risk. The company has not shown consistent growth in sales (3.11) and profit (-80.44).

Strength

Weakness

The stock has a low average ROCE of 3.75%, which may not be favorable.
The stock has a high average Working Capital Days of 100.00, which may not be favorable.
The stock has a high average Cash Conversion Cycle of 64.25, which may not be favorable.
The company has higher borrowings (1,181.67) compared to reserves (811.78), which may suggest financial risk.
The company has not shown consistent growth in sales (3.11) and profit (-80.44).

Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
1. Net Profit Margin: 3.21%
  - Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
2. ROCE: 16.64% (Industry Average ROCE: 12.29%)
  - ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
3. ROE%: 8.03% (Industry Average ROE: 14.34%)
  - ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
4. Interest Coverage Ratio (Post Tax): 1.78
  - Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
5. Quick Ratio: 0.74
  - Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
6. Stock P/E: 81.2 (Industry average Stock P/E: 56.94)
  - Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
7. Total Debt / Equity: 0.46
  - Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
Stock Rating:

About the Company - Qualitative Analysis

Arvind Fashions Ltd. is a Public Limited Listed company incorporated on 05/01/2016 and has its registered office in the State of Gujarat, India. Company’s Corporate Identification Number(CIN) is L52399GJ2016PLC085595 and registration number is 085595. Currently Company is involved in the business activities of Wholesale of textiles, clothing and footwear. Company’s Total Operating Revenue is Rs. 514.01 Cr. and Equity Capital is Rs. 52.97 Cr. for the Year ended 31/03/2022.

INDUSTRY	ADDRESS	CONTACT
Textiles - Readymade Apparels	Main Building, Ahmedabad Gujarat 380025	investor.relations@arvindbrands.co.in https://www.arvindfashions.com

Management
Name	Position Held
Mr. Sanjay Lalbhai	Chairman & Non-Exe.Director
Mr. Kulin Lalbhai	Vice Chairman & Non Exe.Dire
Mr. Shailesh Chaturvedi	Managing Director & CEO
Ms. Nithya Easwaran	Non Executive Director
Mr. Suresh Jayaraman	Non Executive Director
Mr. Punit Lalbhai	Non Executive Director
Mr. Nilesh Dhirajlal Shah	Ind. Non-Executive Director
Mr. Manoj Nakra	Ind. Non-Executive Director
Ms. Ananya Tripathi	Ind. Non-Executive Director
Mr. Nagesh Dinkar Pinge	Ind. Non-Executive Director
Mr. Achal Anil Bakeri	Ind. Non-Executive Director
Mr. Vallabh Roopchand Bhanshali	Ind. Non-Executive Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 21 December 2024 is ₹549.38, which is 5.25% higher than the current market price of ₹522.00. The stock has a market capitalization of 6,959 Cr. and recorded a high/low of 640/385 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹969 Cr and total liabilities of ₹3,874 Cr.

What is the Market Cap of ?

The Market Cap of is 6,959 Cr..

What is the current Stock Price of as on 21 December 2024?

The current stock price of as on 21 December 2024 is 522.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 640/385.

What is the Stock P/E of ?

The Stock P/E of is 81.2.

What is the Book Value of ?

The Book Value of is 76.7.

What is the Dividend Yield of ?

The Dividend Yield of is 0.24 %.

What is the ROCE of ?

The ROCE of is 14.0 %.

What is the ROE of ?

The ROE of is 8.80 %.

What is the Face Value of ?

The Face Value of is 4.00.