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Vedant Fashions Ltd Share Price (MANYAVAR)

₹987.250.61%

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Overview
Fundamentals
Q3 '23 Results
Technicals
News and Events

Overview of Vedant Fashions Ltd

Key events for Vedant Fashions Ltd

  • Motilal Oswal Rates Vedant Fashions as Neutral - 01 Feb, 2024

    Vedant Fashions receives a neutral rating from Motilal Oswal with a target price of INR1,200. The company's PAT/EBITDA growth remained soft at 5%/8% YoY despite the festive period, and same-store sales declined by 2.1% YoY in 3QFY24. Revenue/PAT has been cut by 5%/3% for FY25 due to weak outlook and management commentary. The stock is trading at valuations of ~51x P/E on FY25E after recent correction.

  • Vedant Fashions Shares Hit 18-Month Low - 30 Jan, 2024

    Vedant Fashions' shares hit an 18-month low of Rs 1,030, down 31% from its 52-week high level of Rs 1,487.90, due to weak business outlook and soft management commentary. The company reported revenues of Rs 1,325.96 crore in FY23.

  • Vedant Fashions Q3 2024 Revenue Up by 11% - 27 Jan, 2024

    Vedant Fashions reported Q3 2024 revenue of ₹4.90b, up 11% YoY, with net income of ₹1.58b, up 4.9%. The EPS for Q3 2024 was ₹6.50, missing analyst estimates by 1.5%. Shares are up 3.4% from a week ago.

  • Vedant Fashions ROE Impressive Despite Recent Stock Decline - 05 Jan, 2024

    Despite a 14% decline in stock price over the past month, Vedant Fashions boasts an impressive 30% ROE and has seen substantial net income growth over the past five years. The company is reinvesting efficiently and paying a well-covered dividend.

Analyst Rating for Vedant Fashions Ltd stock

based on 8 analysts

BUY
75.00%
Buy
12.50%
Hold
12.50%
Sell

Based on 8 analysts offering long term price targets for Vedant Fashions Ltd. An average target of ₹1291.62

Source: S&P Global Market Intelligence

Vedant Fashions Ltd share Performance

  • ₹983.6
    ₹995.7
    ₹987.25
    downward going graph

    0.37%

    Downside

    Day's Volatility:1.23%

    Upside

    0.86%

    downward going graph
  • ₹933
    ₹1487.9
    ₹987.25
    downward going graph

    5.50%

    Downside

    52 Weeks Volatility:56.21%

    Upside

    50.71%

    downward going graph
1 Month Return-9.02 %
3 Month Return-22.95 %
1 Year Return-18.07 %
Previous Close₹993.35
Open₹994.00
Volume94.40K
Market Cap₹24,121.62Cr

Vedant Fashions Ltd Company Information

Vedant Fashions Ltd is a leading fashion house that has been in business since 2010. It is headquartered in Mumbai, India and is one of the top fashion companies in the country. The company is focused on providing high-quality fashion apparel in both traditional and contemporary designs.

Vedant Fashions Ltd operates in multiple lines of business, including manufacturing and retailing of apparel, footwear and accessories. The company's top products include sarees, suits, lehengas, kurtas, tunics, and more. It also carries a wide variety of popular brands, including Biba, W, AND, and many others.

Share Price: ₹987.25 per share as on 21 Feb, 2024 12:46 AM
Market Capitalisation: ₹24,121.62Cr as of today
Revenue: ₹474.46Cr as on December 2023 (Q4 23)
Net Profit: ₹157.71Cr as on December 2023 (Q4 23)
Listing date: 16 Feb, 2022
Chairperson Name: RAVI MODI
OrganisationVedant Fashions Ltd
Headquarters
IndustryRetail
E-voting on sharesClick here to vote

Fundamentals of Vedant Fashions Ltd

Insights on Vedant Fashions Ltd

Insights help you understand the recent movement of the company's critical parameters, giving you an overall view of the company.

  • imgPOSITIVE IMPACT

    Revenue Rich

    img

    Revenue is up for the last 2 quarters, 233.41 Cr → 489.92 Cr (in ₹), with an average increase of 52.4% per quarter

  • imgPOSITIVE IMPACT

    FII Holding Up

    img

    Foreign Institutions have increased holdings from 6.67% to 7.74% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Retail Holding Up

    img

    Retail Investor have increased holdings from 3.45% to 3.54% in Dec 2023 quarter

  • imgPOSITIVE IMPACT

    Profit Spike

    img

    Netprofit is up for the last 2 quarters, 48.72 Cr → 157.71 Cr (in ₹), with an average increase of 69.1% per quarter

  • imgNO EFFECT

    Against Peers

    img

    In the last 1 year, Kalyan Jewellers India Ltd has given 215.3% return, outperforming this stock by 233.4%

  • imgNEGATIVE IMPACT

    Promoter Holding Down

    img

    Promoters have decreased holdings from 74.99% to 74.98% in Dec 2023 quarter

  • imgNEGATIVE IMPACT

    Price Dip

    img

    In the last 3 months, MANYAVAR stock has moved down by -23.0%

  • imgNEGATIVE IMPACT

    MF Holding Down

    img

    Mutual Funds have decreased holdings from 11.59% to 10.28% in Dec 2023 quarter

Vedant Fashions Ltd Valuation

Vedant Fashions Ltd in the last 5 years

  • Overview

  • Trends

Lowest (56.80x)

February 5, 2024

Industry (-231.86x)

February 19, 2024

Today (59.16x)

February 19, 2024

Highest (95.09x)

September 14, 2022

LowHigh

Vedant Fashions Ltd Mutual Fund Holdings

Funds Holdings
SBI Equity Hybrid Fund Direct GrowthSBI Equity Hybrid Fund Direct Growth0.77%
SBI Small Cap Fund Direct Plan GrowthSBI Small Cap Fund Direct Plan Growth1.41%
Kotak Emerging Equity Scheme Direct GrowthKotak Emerging Equity Scheme Direct Growth0.77%
PGIM India Midcap Opportunities Fund Direct GrowthPGIM India Midcap Opportunities Fund Direct Growth1.26%
Kotak Equity Opportunities Direct GrowthKotak Equity Opportunities Direct Growth0.43%

Vedant Fashions Ltd Shareholding Pattern

InvestorsHoldings %Prev. 4 periods3M change
Promoter Holdings
74.98%
-0.01
Foreign Institutions
7.74%
16.03
Mutual Funds
10.28%
-11.29
Retail Investors
3.54%
2.64
Others
3.45%
4.77

Technicals of Vedant Fashions Ltd share

News & Events of Vedant Fashions Ltd

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Vedant Fashions Ltd (MANYAVAR) share price today is ₹987.25

Vedant Fashions Ltd is listed on NSE

Vedant Fashions Ltd is listed on BSE

  • Today’s highest price of Vedant Fashions Ltd is ₹995.7.
  • Today’s lowest price of Vedant Fashions Ltd is ₹983.6.

PE Ratio of Vedant Fashions Ltd is 59.16

PE ratio = Vedant Fashions Ltd Market price per share / Vedant Fashions Ltd Earnings per share

Today’s traded volume of Vedant Fashions Ltd(MANYAVAR) is 94.40K.

Today’s market capitalisation of Vedant Fashions Ltd(MANYAVAR) is ₹24121.62Cr.

Vedant Fashions Ltd(MANYAVARPrice
52 Week High
₹1487.9
52 Week Low
₹933

Vedant Fashions Ltd(MANYAVAR) share price is ₹987.25. It is down -33.65% from its 52 Week High price of ₹1487.9

Vedant Fashions Ltd(MANYAVAR) share price is ₹987.25. It is up 5.81% from its 52 Week Low price of ₹933

Vedant Fashions Ltd(MANYAVARReturns
1 Day Returns
-6.1%
1 Month Returns
-9.02%
3 Month Returns
-22.95%
1 Year Returns
-18.07%