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Arvind Fashions Ltd share Price Today

Company details

503.00
516.30
297.80
559.80
6M Return 7.08%
1Y Return 45.90%
Mkt Cap.(Cr) 6,706.38
Volume 234,465
Div Yield 0.25%
OI
-
OI Chg %
-
Volume 234,465

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Apparels & Accessories company Arvind Fashions announced Q4FY24 results:

  • Revenues grew by 4% to Rs 1,094 crore compared to Rs 1,055 crore in Q4FY23 and 2-year revenue CAGR of 15%. Growth in Q4 was aided by healthy 4% LTL
  • 17% growth in EBITDA to Rs 148 crore compared to Rs 127 crore in Q4FY23. EBITDA margin improved by 150 bps to 13.5%, despite investment in advertising being higher by ~100 bps YoY
  • PAT (from the continuing business) stood at Rs 25 crore, growth of 72% YoY. Reported PAT grew 123% to Rs 24 crore compared to Rs 11 crore in Q4FY23
  • Focus on retail excellence helped debtor days being lower by 2 days coupled with tighter control over inventory resulting in gross working capital (GWC) remaining stable
  • ROCE for FY24 improved to 16% , higher by more than 400 bps YoY
  • Board of Directors of the Company recommended a final dividend of Rs 1.25/- (Rupees One Rupee and Twenty Five Paise only) per equity share of Rs 4/- each, for the financial year ended 31st March, 2024, subject to the approval of the shareholders of the Company at the ensuing Annual General Meeting (‘AGM’)

Commenting on the performance of the company, Shailesh Chaturvedi, MD & CEO said “FY24 has been a differentiated year with sharper execution leading to improvement in all key financial metrics, despite market environment staying subdued. Our continued focus on retail excellence resulted in healthy 4% LTL growth leading to 120 bps improvement in EBITDA margin for the full year. Moving forward, we expect growth to witness strong uptick while continuing to stay decisively focused on scaling our existing brands through innovative retail formats and by accelerating our store network expansion leading to further improve margins & ROCE”

Result PDF

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Arvind Fashions Ltd shares SWOT Analysis

Strengths (10)

  • Company with high TTM EPS Growth
  • Effectively using its capital to generate profit - RoCE improving in last 2 years
  • Effectively using Shareholders fund - Return on equity (ROE) improving since last 2 year

Weakness (3)

  • Promoters increased pledged shares QoQ
  • Declining Revenue every quarter for the past 2 quarters
  • Declining Net Cash Flow : Companies not able to generate net cash

Opportunity (0)

Data not found

Threats (4)

  • Promoter decreasing their shareholding
  • Big Deal (Insider and SAST) sells last month greater than 1% of total shares
  • High PE (PE > 40)

Resistance and support

R1 512.7
R2 521.2
R3 526.0
Pivot

507.87

S1 499.4
S2 494.6
S3 486.1
EMA SMA
509.4
491.8
473.8
442.1
516.4
483.8
470.0
440.5
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
AURA SECURITIES PRIVATE LIMITED Bulk Sell 2024-06-27 513.6 1800000 BSE
AURA BUSINESS VENTURES LLP Bulk Purchase 2021-08-24 262.28 723477 BSE
MULTIPLES PRIVATE EQUITY FII I Bulk Sell 2021-08-24 261.75 914133 BSE
Name Category Shares
Aura Securities Private Limited PROMOTER 31.24%
Aura Merchandise Pvt. Ltd. PROMOTER 1.37%
Atul Limited PROMOTER 1.2%
Aura Business Ventures LLP PROMOTER 0.78%
Aagam Holdings Private Limited PROMOTER 0.54%

OUR RESEARCH VIEW

Investment recommendation
Call Date
23 Aug 2021
Entry Price 261.00
Target Price 270.00
Duration
12 Month

FINANCIALS

Sales
Operating Profit
Profit after Tax
Equity
Reserves and Surplus
Debt
Sales
Operating Profit
Profit after Tax
PE
Debt/Equity
P BV

Arvind Fashions Ltd Stocks COMPARISON

Financials( in Cr) Arvind Fashions Ltd Adani Enterprises Ltd Aegis Logistics Ltd Cello World Ltd Redington Ltd
Price 504.30 3,109.30 897.45 990.30 207.94
% Change -1.64 0.43 -1.30 3.32 -0.64
Mcap Cr 6,706.38 354,460.51 31,500.50 21,017.24 16,256.21
Revenue TTM Cr 4,421.08 96,420.98 7,045.92 1,796.70 89,345.71
Net Profit TTM Cr 86.96 3,294.63 672.20 285.07 1,238.61
PE TTM 114.83 100.78 56.17 66.05 13.39
1 Year Return 45.90 29.00 148.70 25.09 10.28
ROCE 10.30 8.94 16.09 45.20 19.80
ROE 6.08 9.14 18.10 134.44 17.11
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 909.64 Cr FV: 4.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 21,424.68 50,451.86
LAST 3M 101,404.97 51,097.20
LAST 6M 186,293.66 40,305.54
LAST 12M 309,547.75 87,515.42

Arvind Fashions Ltd Information

Stock PE (TTM)
114.83
Promoter Holding
36.78%
Book Value
75.3281
ROCE
10.3%
ROE
6.08%
Description
  • Arvind Fashions Limited is an Indian company engaged in the business of marketing branded apparel under various national and international brands. The company primarily operates in apparel, beauty products, and footwear space. Some top brands under Arvind Fashions Limited include US Polo Assn, Flying Machine, Arrow, Calvin Klein, Tommy Hilfiger, Unlimited, and Sephora. The company was incorporated on 5 January 2016, and its market capitalisation, as of 11 October 2022, is Rs 4,365 crore. The company has its headquarters in Ahmedabad, Gujarat, and warehouses in Bengaluru, New Delhi, Mumbai, and Kolkata.

    The company is listed on the National Stock Exchange (NSE) as well as the Bombay Stock Exchange (BSE) under the codes ARVINDFASN and 542484, respectively.

    Arvind Fashions Limited has good expertise in scaling up brands through the multi-channel distribution of their products. The company aspires to become India’s leading lifestyle company in the post-pandemic era. In 2020, it floated two rights for the issue of equity shares to raise working capital. It also expanded its business domain from retail distribution to online services. The company has two wholly-owned subsidiaries—Arvind Lifestyle Brands Ltd. and Arvind Beauty Brands Pvt. Ltd.

    In June 2022, retail investors and other domestic investors had a stake of 44.67% in the company, promoters had a stake of 36.88%, a 10.82% stake was invested in mutual funds, and a 7.63% stake belonged to the Foreign Institutional Investors (FIIs). The top four mutual funds in which the company has invested are ICICI Prudential Small Cap Fund Direct Growth, ICICI Prudential Mid-cap Fund Direct Growth, ICICI Prudential Long-term Equity Fund, and Franklin India Flexi-cap Fund Direct Growth.

    The management team of the company includes Mr Shailesh Chaturvedi (Managing Director and CEO), Mr Kulin Lalbhai (Director), Mr Amitabh Suri (CEO of US Polo), Mr Punit Lalbhai (Non-Executive Director), Mrs Nithya Easwaran (Non-Executive Director), Mr Nilesh Shah (Independent Director), and Mr Vallabh Bhanshali (Independent Director), among others.

    On 12 October 2022, Arvind Fashions Limited's share price closed at Rs 312.80 at the NSE and Rs 312.10 at the BSE. This share has given a 6-month return of 9.26%, and its 52-week high and 52-week low prices are Rs 352.00 and Rs 217.90, respectively. As of 12 October 2022, the PB ratio of this company stood at 5.806.

    Disclaimer: ICICI Securities Ltd. (I-Sec). Registered office of I-Sec is at ICICI Securities Ltd. - ICICI Venture House, Appasaheb Marathe Marg, Prabhadevi, Mumbai - 400 025, India, Tel No : 022 - 6807 7100. I-Sec is a Member of National Stock Exchange of India Ltd (Member Code :07730), BSE Ltd (Member Code :103) and Member of Multi Commodity Exchange of India Ltd. (Member Code: 56250) and having SEBI registration no. INZ000183631. Name of the Compliance officer (broking): Mr. Anoop Goyal, Contact number: 022-40701000, E-mail address: complianceofficer@icicisecurities.com. Investment in securities market are subject to market risks, read all the related documents carefully before investing. The contents herein above shall not be considered as an invitation or persuasion to trade or invest.  I-Sec and affiliates accept no liabilities for any loss or damage of any kind arising out of any actions taken in reliance thereon. The contents herein above are solely for informational purpose and may not be used or considered as an offer document or solicitation of offer to buy or sell or subscribe for securities or other financial instruments or any other product. Investors should consult their financial advisers whether the product is suitable for them before taking any decision. The contents herein mentioned are solely for informational and educational purpose

Registered Address

Main Building Arvind Ltd Premi, Naroda Road, Ahmedabad, Gujarat, 380025

Tel : 91-79-30138000
Email : investor.relations:arvindbrands.co.in
Website : http://www.arvindfashions.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 4
Market Lot Equity Shares : 1
BSE Code : 542484
NSE Code : ARVINDFASN
Book Closure Date (Month) : Sep
BSE Group : A
ISIN : INE955V01021

FAQ’s on Arvind Fashions Ltd Shares

You can buy Arvind Fashions Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy Arvind Fashions Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 16, 2024 03:55 PM the closing price of Arvind Fashions Ltd was Rs.504.30.

The latest PE ratio of Arvind Fashions Ltd as of Jul 16, 2024 03:55 PM is 114.83

The latest PB ratio of Arvind Fashions Ltd as of Jul 16, 2024 03:55 PM is 0.15

The 52-week high of Arvind Fashions Ltd share price is Rs. 559.80 while the 52-week low is Rs. 297.80

According to analyst recommendations, Arvind Fashions Ltd Share has a "Buy" rating for the long term.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 16, 2024 03:55 PM, the market cap of Arvind Fashions Ltd stood at Rs. 6,706.38 Cr.

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