Vedant Fashions

What does Vedant Fashions do?

Vedant Fashions Ltd is a mid-cap company in the Garments & Apparels industry, known for its ethnic wear brand Manyavar. As of March 2025, it reported net sales of ₹367 Cr and a net profit of ₹101 Cr, with a market cap of ₹19,873 Cr.

Overview: <BR>Vedant Fashions Ltd operates in the Garments & Apparels industry and is categorized as a Mid Cap company.<BR><BR>History: <BR>Vedant Fashions Limited was incorporated in 2002, originally as Vedant Fashions Private Limited. The company underwent a status change following a takeover agreement on June 1, 2002, which involved the transfer of the business from a proprietorship firm named "M/s Vedant Creation." The latest reported quarterly results indicate net sales and net profit for the period ending March 2025.<BR><BR>Financial Snapshot: <BR>Net Sales: 367 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: 101 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: Rs 19,873 Cr (Mid Cap)<BR><BR>Key Metrics: <BR>P/E: 49.00 <BR>Industry P/E: 99 <BR>Dividend Yield: 1.05% <BR>Debt-Equity: -0.16 <BR>Return on Equity: 26.38% <BR>Price to Book: 12.88 <BR><BR>Contact Details: <BR>Address: Paridhan Garment Park A501-502, 19 Canal South Rd SDF-1 4th Fl Kolkata West Bengal : 700015 <BR>Tel: 91-33-61255495 <BR>Email: complianceofficer@manyavar.com <BR>Website: http://www.vedantfashions.com

Who are in the management team of Vedant Fashions?

As of March 2022, the management team of Vedant Fashions includes Ravi Modi (Chairman/Executive Director), Shilpi Modi (Executive Director), and several independent and non-executive directors, overseeing the company's operations and strategy.

As of March 2022, the management team of Vedant Fashions includes the following individuals:<BR><BR>1. Ravi Modi - Chairman / Executive Director, with a remuneration of Rs. 8.2 crores.<BR>2. Shilpi Modi - Executive Director & Wholetime Director, with a remuneration of Rs. 5.47 crores.<BR>3. Manish Choksi - Independent Non-Executive Director, with a remuneration of Rs. 30.0 lacs.<BR>4. Sunish Sharma - Non-Executive Director, with a remuneration of Rs. 30.0 lacs.<BR>5. Tarun Puri - Independent Non-Executive Director, with a remuneration of Rs. 30.0 lacs.<BR>6. Abanti Mitra - Independent Non-Executive Director, with a remuneration of Rs. 30.0 lacs.<BR>7. Navin Pareek - Company Secretary & Compliance Officer, with a remuneration of Rs. 31.6 lacs. <BR><BR>This team is responsible for overseeing the operations and strategic direction of the company.

Has Vedant Fashions declared dividend?

Yes, Vedant Fashions Ltd has declared an 850% dividend, amounting to ₹8.5 per share, with an ex-date of August 23, 2024. However, total returns over various periods have shown significant declines in price returns, despite the dividend declaration.

Vedant Fashions Ltd has declared an 850% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 850%<BR>- Amount per share: 8.5<BR>- Ex-date: 23 Aug 24<BR><BR>Dividend Yield: 1.05%<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -38.91%, the dividend return was 0%, resulting in a total return of -38.91%.<BR><BR>Over the past year, the price return was -22.11%, the dividend return was 0.76%, leading to a total return of -21.35%.<BR><BR>In the 2-year period, the price return was -36.32%, the dividend return was 1.31%, which resulted in a total return of -35.01%.<BR><BR>For the last 3 years, the price return was -23.83%, the dividend return was 2.37%, culminating in a total return of -21.46%.<BR><BR>In the 4-year period, the price return was 0%, the dividend return was 0%, resulting in a total return of 0.0%.<BR><BR>Over the past 5 years, the price return was 0%, the dividend return was 0%, leading to a total return of 0.0%.<BR><BR>Overall, while Vedant Fashions has declared a substantial dividend, the total returns over various periods indicate a consistent decline in price returns, with limited positive contributions from dividends.

Is Vedant Fashions overvalued or undervalued?

As of March 3, 2022, Vedant Fashions is considered very expensive and overvalued with high valuation ratios, despite strong returns on capital and equity, as evidenced by a year-to-date return of -36.86% compared to the Sensex's gain of 5.56%.

As of 3 March 2022, Vedant Fashions has moved from a grade of does not qualify to very expensive, indicating a significant change in its valuation outlook. The company is currently considered overvalued based on its high valuation ratios, including a PE ratio of 49.23, an EV to EBITDA ratio of 30.04, and a Price to Book Value of 12.98. <BR><BR>In comparison to its peers, Vedant Fashions' PE ratio is notably lower than Avenue Supermarts Ltd. at 100.87 and Trent Ltd. at 132.74, both of which are also categorized as very expensive. Despite its strong ROCE of 39.55% and ROE of 26.38%, the overall valuation metrics suggest that the stock is overpriced relative to its earnings potential. Additionally, the company's recent performance shows a year-to-date return of -36.86%, significantly underperforming the Sensex's gain of 5.56%, reinforcing the overvaluation narrative.

Who are the peers of the Vedant Fashions?

Vedant Fashions' peers include Trent, Page Industries, K P R Mill Ltd, Trident, Vardhman Textile, Welspun Living, Alok Industries, Aditya Bir. Fas., and Garware Tech. In terms of management risk, growth, and capital structure, K P R Mill Ltd stands out with excellent ratings, while Vedant Fashions shows good growth and capital structure but has a 1-year return of -25.37%.

Peers: The peers of Vedant Fashions are Trent, Page Industries, K P R Mill Ltd, Trident, Vardhman Textile, Welspun Living, Alok Industries, Aditya Bir. Fas., and Garware Tech.<BR><BR>Quality Snapshot: Excellent management risk is observed at Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good management risk is found at Trent, Vardhman Textile, and Welspun Living, and Average management risk is seen at Trident and Aditya Bir. Fas. In terms of Growth, Excellent growth is noted for K P R Mill Ltd, while Good growth is observed at Vedant Fashions and Average growth is found at Trent, Vardhman Textile, and Welspun Living, and the rest. For Capital Structure, Excellent capital structure is held by Page Industries, K P R Mill Ltd, and Vedant Fashions, while Good capital structure is noted at Trent, Vardhman Textile, and Garware Tech, and Average capital structure is seen at Welspun Living and Arvind Ltd, and the rest.<BR><BR>Return Snapshot: K P R Mill Ltd has the highest 1-year return at 37.27%, while Aditya Bir. Fas. has the lowest at -76.96%, with Vedant Fashions having a 1-year return of -25.37%, which is better than Aditya Bir. Fas. but worse than K P R Mill Ltd. Additionally, the six-month returns are negative for Vedant Fashions, Trent, and Aditya Bir. Fas.

Who are the top shareholders of the Vedant Fashions?

The top shareholders of Vedant Fashions include the Ravi Modi Family Trust with 57.16%, various mutual funds at 8.26%, and foreign institutional investors at 10.14%. The Government Pension Fund Global is the largest public shareholder with 3.83%, while individual investors hold about 3.09%.

The top shareholders of Vedant Fashions include the Ravi Modi Family Trust, which holds the largest stake at 57.16%. Other significant shareholders are various mutual funds, which collectively hold 8.26%, and foreign institutional investors (FIIs) with a combined holding of 10.14%. The highest public shareholder is the Government Pension Fund Global, owning 3.83%. Additionally, individual investors hold about 3.09% of the company. Overall, the majority of the shares are held by promoters, and there are no pledged promoter holdings.

How big is Vedant Fashions?

As of 24th July, Vedant Fashions Ltd has a market capitalization of 19,313.00 Cr, with recent net sales of 1,345.39 Cr and a net profit of 402.89 Cr. The balance sheet for March 2024 shows shareholder's funds of 1,601.88 Cr and total assets of 2,508.31 Cr.

As of 24th July, Vedant Fashions Ltd has a market capitalization of 19,313.00 Cr, categorizing it as a Mid Cap company.<BR><BR>In the latest four quarters, Vedant Fashions reported Net Sales of 1,345.39 Cr and a Net Profit of 402.89 Cr.<BR><BR>The latest annual period for the balance sheet is March 2024, showing Shareholder's Funds of 1,601.88 Cr and Total Assets of 2,508.31 Cr.

Are Vedant Fashions latest results good or bad?

Vedant Fashions' latest results show a mixed performance, with a significant decline in profits and sales, leading to a negative outlook. However, operating cash flow is at a record high, prompting analysts to issue a 'Hold' recommendation for the stock.

Vedant Fashions' latest financial results indicate a mixed performance, leaning towards the negative side. For the quarter ending September 2024, the company reported a significant decline in key financial metrics. The profit before tax (PBT) decreased by 34.2% compared to the average of the previous four quarters, while the profit after tax (PAT) fell by 30.4%. Additionally, net sales dropped by 17.3% during the same period.<BR><BR>On a more positive note, the operating cash flow reached a record high of Rs 483.08 crore, showing consistent growth over the past three years. This suggests that the company is generating more cash from its operations, which is a good sign.<BR><BR>However, the company's debt-equity ratio has risen to 0.30, the highest in recent periods, indicating increased borrowing that could stress liquidity. Furthermore, the debtors turnover ratio has declined to 2.20 times, suggesting slower collection of receivables.<BR><BR>Overall, while there are some encouraging signs in cash flow, the significant declines in profits and sales, along with rising debt levels, contribute to a negative outlook. Analysts have issued a 'Hold' recommendation for the stock, advising investors to monitor the situation closely.

Is Vedant Fashions technically bullish or bearish?

As of October 7, 2025, Vedant Fashions has shifted to a bearish trend with moderate strength, despite a mildly bullish MACD signal, as bearish indicators from Bollinger Bands, KST, and moving averages suggest a lack of momentum and poor performance compared to the Sensex.

As of 7 October 2025, the technical trend for Vedant Fashions has changed from mildly bearish to bearish. The current stance is bearish with moderate strength. The weekly MACD indicates a mildly bullish signal, but this is offset by bearish signals from the Bollinger Bands, KST, and daily moving averages. The RSI shows no signal on both weekly and monthly time frames, indicating a lack of momentum. The overall performance has been poor, with significant declines compared to the Sensex over various periods, further supporting the bearish outlook.

How has been the historical performance of Vedant Fashions?

Vedant Fashions has shown consistent growth in net sales and profits, with net sales increasing from 915.55 crore in March 2020 to 1,367.53 crore in March 2024, and maintaining a strong operating profit margin of 48.12%. The company is debt-free since March 2021 and has improved cash flow, reaching 483 crore in March 2024.

Answer:<BR>The historical performance of Vedant Fashions shows a consistent growth trajectory in net sales and profits over the years.<BR><BR>Breakdown:<BR>Vedant Fashions has demonstrated significant growth in net sales, increasing from 915.55 crore in March 2020 to 1,367.53 crore in March 2024, with a slight rise from 1,354.93 crore in March 2023. The total operating income has followed a similar trend, reaching 1,367.53 crore in March 2024. The operating profit (PBDIT) also reflects this upward trend, rising from 426.18 crore in March 2020 to 727.75 crore in March 2024, although it saw a slight decrease from 711.09 crore in the previous year. Profit before tax peaked at 575.84 crore in March 2023 but fell to 548.41 crore in March 2024, while profit after tax was 414.17 crore in March 2024, down from 429.11 crore in March 2023. The company has maintained a strong operating profit margin, recorded at 48.12% in March 2024, and a healthy PAT margin of 30.29%. On the balance sheet, total assets grew from 1,590.95 crore in March 2020 to 2,508.31 crore in March 2024, with total liabilities also increasing to 2,508.31 crore. The company has eliminated long-term borrowings, maintaining a debt-free status since March 2021. Cash flow from operating activities has improved, reaching 483 crore in March 2024, contributing to a closing cash balance of 21 crore, up from 9 crore in the previous year. Overall, Vedant Fashions has shown resilience and growth in its financial performance over the years.

When is the next results date for Vedant Fashions Ltd?

The next results date for Vedant Fashions Ltd is 12 February 2026.

The next results date for Vedant Fashions Ltd is scheduled for 12 February 2026.

Why is Vedant Fashions Ltd falling/rising?

As of 08-May, Vedant Fashions Ltd's stock price is rising to 456.35, reflecting a 2.31% increase. Despite recent short-term gains, the stock faces long-term challenges, including significant declines over the past year and three years, and poor growth rates in net sales and operating profit.

As of 08-May, Vedant Fashions Ltd's stock price is rising, currently at 456.35, reflecting a change of 10.3 or 2.31% increase. This upward movement can be attributed to several factors. The stock has outperformed its sector by 3.31% today and has shown a consecutive gain over the last five days, with an overall return of 8.34% during this period. Additionally, the stock reached an intraday high of Rs 466.65, indicating strong buying interest.<BR><BR>In the short term, the stock has demonstrated positive performance, with a 6.92% increase over the past week and a notable 14.66% rise over the last month, contrasting sharply with the Sensex, which has seen minimal movement. However, it is important to note that despite these short-term gains, the stock has experienced significant declines over longer periods, including a 36.87% drop over the past year and a 62.66% decrease over the last three years.<BR><BR>The company benefits from high management efficiency, evidenced by a return on equity (ROE) of 30.19%, and it is net-debt free, which are positive indicators for investors. Furthermore, high institutional holdings at 20.91% suggest that knowledgeable investors are backing the stock, potentially providing stability.<BR><BR>However, the stock's long-term outlook remains concerning, with poor growth rates in net sales and operating profit over the past five years, alongside a very expensive valuation relative to its historical averages. This context of underperformance against benchmarks and declining profits could temper enthusiasm despite the recent price rise. Overall, while Vedant Fashions Ltd is currently experiencing a rise in stock price, the long-term challenges it faces may influence future performance.

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