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Last Updated: April 2, 2026, 3:58 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 539562 | NSE: AARNAV

Aarnav Fashions Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹25.56Fairly Valued by 8.31%vs CMP ₹23.60

P/E (14.0) × ROE (5.0%) × BV (₹45.20) × DY (2.00%)

₹47.42Undervalued by 100.93%vs CMP ₹23.60
MoS: +50.2% (Strong)Confidence: 48/100 (Moderate)Models: 5 Under, 3 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹19.6826%Over (-16.6%)
Graham NumberEarnings₹41.3319%Under (+75.1%)
Net Asset ValueAssets₹45.078%Under (+91%)
EV/EBITDAEnterprise₹84.4411%Under (+257.8%)
Dividend DiscountDividends₹5.1011%Over (-78.4%)
Earnings YieldEarnings₹16.808%Over (-28.8%)
ROCE CapitalReturns₹106.5611%Under (+351.5%)
Revenue MultipleRevenue₹135.556%Under (+474.4%)
Consensus (8 models)₹47.42100%Undervalued
Key Drivers: EPS CAGR -23.0% drags value — could be higher if earnings stabilize. | ROE 5.0% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: -23.0%

*Investments are subject to market risks

Investment Snapshot

49
Aarnav Fashions Ltd scores 49/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health55/100 · Moderate
ROCE 7.7% WeakROE 5.0% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 4/5 years Consistent
Smart Money50/100 · Moderate
Promoter holding at 66.5% Stable
Earnings Quality50/100 · Moderate
OPM stable around 8% Steady
Quarterly Momentum40/100 · Moderate
Revenue (4Q): +9% YoY GrowingProfit (4Q): -32% YoY DecliningOPM: 7.0% (down 3.7% YoY) Margin pressure
Industry Rank45/100 · Moderate
P/E 14.0 vs industry 102.1 Cheaper than peersROCE 7.7% vs industry 15.2% Below peers3Y sales CAGR: -3% Shrinking

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 3:58 am

Market Cap 99.5 Cr.
Current Price 23.6
Intrinsic Value₹47.42
High / Low 56.8/21.0
Stock P/E14.0
Book Value 45.2
Dividend Yield0.00 %
ROCE7.72 %
ROE4.95 %
Face Value 10.0
PEG Ratio-0.61

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

View Share Price Target for Aarnav Fashions Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Aarnav Fashions Ltd 99.5 Cr. 23.6 56.8/21.014.0 45.20.00 %7.72 %4.95 % 10.0
State Trading Corporation of India Ltd (STCINDIA) 619 Cr. 103 168/97.013.9 6630.00 %%% 10.0
Fortune International Ltd 44.7 Cr. 63.6 79.8/50.113.8 64.70.00 %0.26 %10.2 % 10.0
India Motor Parts & Accessories Ltd 1,217 Cr. 976 1,194/91013.6 2,0493.08 %4.38 %3.50 % 10.0
Amrapali Industries Ltd 70.7 Cr. 13.8 20.2/12.614.8 6.570.00 %7.08 %5.09 % 5.00
Industry Average10,858.54 Cr140.30102.09119.050.48%15.22%8.81%7.62

All Competitor Stocks of Aarnav Fashions Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 68.50111.8978.6797.0880.55100.1988.36104.5994.6891.4597.16133.8098.74
Expenses 62.64113.8773.4390.2073.8191.8781.4197.4684.6286.0890.18126.4091.85
Operating Profit 5.86-1.985.246.886.748.326.957.1310.065.376.987.406.89
OPM % 8.55%-1.77%6.66%7.09%8.37%8.30%7.87%6.82%10.63%5.87%7.18%5.53%6.98%
Other Income 0.010.180.060.060.060.090.060.200.120.570.080.140.08
Interest 2.692.883.192.803.083.082.832.502.482.382.522.362.10
Depreciation 1.602.161.781.711.882.331.791.931.962.332.012.012.01
Profit before tax 1.58-6.840.332.431.843.002.392.905.741.232.533.172.86
Tax % 13.29%-20.61%27.27%25.10%25.54%26.67%25.52%25.52%24.74%20.33%24.90%24.92%35.31%
Net Profit 1.37-5.430.231.821.362.201.782.154.320.981.892.371.85
EPS in Rs 0.32-1.290.050.430.320.520.420.511.020.230.450.560.44

Last Updated: March 3, 2026, 1:18 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 1:41 pm

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 00111235249420398359381421
Expenses 00100132232388379332352395
Operating Profit 0000003173220273027
OPM % 17%9%23%26%16%9%7%8%5%8%8%6%
Other Income 0000000100011
Interest 00000006121112109
Depreciation 0000000478888
Profit before tax 0000003813181210
Tax % 25%40%29%31%28%24%32%26%60%26%25%
Net Profit 0000002590697
EPS in Rs 0.000.100.100.330.400.601.553.556.210.091.332.191.68
Dividend Payout % 0%0%0%0%0%32%40%23%0%38%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2020-20212021-20222022-20232024-2025
YoY Net Profit Growth (%)150.00%80.00%-100.00%50.00%
Change in YoY Net Profit Growth (%)0.00%-70.00%-180.00%150.00%

Aarnav Fashions Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 4 years from 2020-2021 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:110%
5 Years:61%
3 Years:-3%
TTM:6%
Compounded Profit Growth
10 Years:77%
5 Years:32%
3 Years:0%
TTM:30%
Stock Price CAGR
10 Years:%
5 Years:-2%
3 Years:-7%
1 Year:-26%
Return on Equity
10 Years:4%
5 Years:4%
3 Years:3%
Last Year:5%

Last Updated: September 5, 2025, 2:01 pm

Balance Sheet

Last Updated: March 3, 2026, 12:22 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 0.253333315424242424242
Reserves 0000016123131130137144148
Borrowings 0000000143153127109100100
Other Liabilities -0000001215616011910292112
Total Liabilities 03344433464486419391378403
Fixed Assets 0000000146139134130125121
CWIP 0000000000005
Investments 0000000121212131414
Other Assets 03343432306336272247239264
Total Assets 03344433464486419391378403

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 0-30-00-0-15-5815443225
Cash from Investing Activity + 000-0-00-0-161-1-3-5-3
Cash from Financing Activity + 03000-015223-13-42-27-22
Net Cash Flow 000-000-042-20-0
Free Cash Flow 0-30-00-0-15-20815412822
CFO/OP -7,525%340%-93%24%-4%-461%-321%59%225%127%98%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow0.000.000.000.000.000.003.00-126.00-121.00-107.00-82.00-70.00

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

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 00212032312527115011310895
Inventory Days 5840001270161149149167153
Days Payable 0127165155726449
Cash Conversion Cycle 58402120323125266144190211199
Working Capital Days 4,9511,7611,6781,66278121213783646564
ROCE %0%2%1%4%5%7%25%8%8%4%7%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Feb 2026
Promoters 72.44%72.44%72.44%72.44%67.72%66.53%66.53%66.53%66.53%66.53%66.53%66.53%
DIIs 0.00%0.00%0.00%0.00%0.00%0.00%0.00%1.67%1.67%1.76%1.76%1.76%
Public 27.56%27.56%27.56%27.55%32.28%33.47%33.48%31.80%31.80%31.71%31.71%31.71%
No. of Shareholders 40,08437,74535,70933,90931,57628,73028,37127,67227,41926,63426,10125,779

Shareholding Pattern Chart

No. of Shareholders

Aarnav Fashions Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

This stock is not held by any mutual fund.

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 2.191.330.092.242.06
Diluted EPS (Rs.) 2.191.330.092.242.06
Cash EPS (Rs.) 4.093.151.903.962.06
Book Value[Excl.RevalReserv]/Share (Rs.) 44.1542.3740.8640.9515.43
Book Value[Incl.RevalReserv]/Share (Rs.) 44.1542.3740.8640.9515.43
Dividend / Share (Rs.) 0.000.500.000.500.50
Revenue From Operations / Share (Rs.) 89.7584.4093.9799.5721.40
PBDIT / Share (Rs.) 7.216.504.747.572.87
PBIT / Share (Rs.) 5.314.672.935.812.87
PBT / Share (Rs.) 2.901.800.222.992.87
Net Profit / Share (Rs.) 2.191.330.092.212.06
PBDIT Margin (%) 8.037.695.047.6013.42
PBIT Margin (%) 5.925.533.115.8313.40
PBT Margin (%) 3.232.120.233.0013.40
Net Profit Margin (%) 2.431.570.092.219.63
Return on Networth / Equity (%) 4.953.130.225.3813.35
Return on Capital Employeed (%) 10.178.825.319.3118.59
Return On Assets (%) 2.441.430.091.916.42
Long Term Debt / Equity (X) 0.040.100.190.370.00
Total Debt / Equity (X) 0.530.610.730.880.00
Asset Turnover Ratio (%) 0.980.880.871.570.79
Current Ratio (X) 1.541.491.471.561.93
Quick Ratio (X) 0.840.820.840.981.93
Inventory Turnover Ratio (X) 3.462.182.190.000.00
Dividend Payout Ratio (NP) (%) 22.850.000.008.0524.26
Dividend Payout Ratio (CP) (%) 12.230.000.004.4824.22
Earning Retention Ratio (%) 77.150.000.0091.9575.74
Cash Earning Retention Ratio (%) 87.770.000.0095.5275.78
Interest Coverage Ratio (X) 2.992.261.752.680.00
Interest Coverage Ratio (Post Tax) (X) 1.911.461.031.780.00
Enterprise Value (Cr.) 299.04211.84239.74401.10133.57
EV / Net Operating Revenue (X) 0.780.590.600.954.16
EV / EBITDA (X) 9.827.7211.9812.5531.00
MarketCap / Net Operating Revenue (X) 0.530.290.290.604.16
Retention Ratios (%) 77.140.000.0091.9475.73
Price / BV (X) 1.100.590.671.475.77
Price / Net Operating Revenue (X) 0.530.290.290.604.16
EarningsYield 0.040.050.000.030.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

Aarnav Fashions Ltd. is a Public Limited Listed company incorporated on 26/02/1983 and has its registered office in the State of Gujarat, India. Company's Corporate Identification Number(CIN) is L17100GJ1983PLC028990 and registration number is 028990. Currently Company is involved in the business activities of Wholesale of textiles, fabrics, yarn, household linen, articles of clothing, floor coverings and tapestry, sports clothes. Company's Total Operating Revenue is Rs. 379.08 Cr. and Equity Capital is Rs. 42.24 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Trading & Distributors1, New Cloth Market, Ahmedabad Gujarat 380002Contact not found
Management
NamePosition Held
Mr. Champalal Gopiram AgarwalChairman & Wholetime Director
Mr. Sumit Champalal AgarwalManaging Director
Ms. Nidhi AggrawalNon Executive Director
Mr. Kuldeep Ashokbhai ShahIndependent Director
Mr. Madhur Murari TodiIndependent Director
Mr. Sourabh Vijay PatawariIndependent Director

FAQ

What is the intrinsic value of Aarnav Fashions Ltd and is it undervalued?

As of 12 April 2026, Aarnav Fashions Ltd's intrinsic value is ₹47.42, which is 100.93% higher than the current market price of ₹23.60, suggesting the stock is undervalued. This is calculated using the PE ratio method factoring in ROE (4.95 %), book value (₹45.2), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Aarnav Fashions Ltd?

Aarnav Fashions Ltd is trading at ₹23.60 as of 12 April 2026, with a FY2026-2027 high of ₹56.8 and low of ₹21.0. The stock is currently near its 52-week low. Market cap stands at ₹99.5 Cr..

How does Aarnav Fashions Ltd's P/E ratio compare to its industry?

Aarnav Fashions Ltd has a P/E ratio of 14.0, which is below the industry average of 102.09. Trading at a steep discount to peers could signal a value opportunity or reflect concerns about the company's fundamentals.

Is Aarnav Fashions Ltd financially healthy?

Key indicators for Aarnav Fashions Ltd: ROCE of 7.72 % is on the lower side compared to the industry average of 15.22%; ROE of 4.95 % is below ideal levels (industry average: 8.81%). Dividend yield is 0.00 %.

Is Aarnav Fashions Ltd profitable and how is the profit trend?

Aarnav Fashions Ltd reported a net profit of ₹9 Cr in Mar 2025 on revenue of ₹381 Cr. Compared to ₹9 Cr in Mar 2022, the net profit shows a mixed trend.

Does Aarnav Fashions Ltd pay dividends?

Aarnav Fashions Ltd has a dividend yield of 0.00 % at the current price of ₹23.60. The company is currently not paying meaningful dividends.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in Aarnav Fashions Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE
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