Vedant Fashions Ltd (MANYAVAR)
₹1079.95▲2.51%
Analyst Rating
based on 9 analysts
77.78%
Buy
11.11%
Hold
11.11%
Sell
Based on 9 analysts offering long term price targets for Vedant Fashions Ltd. An average target of ₹1167.11
Source: S&P Global Market Intelligence
Vedant Fashions Ltd Share analysis
Source: S&P Global Market Intelligence
Performance
Day's Low
Day's High
₹1,054.55₹1,083.9552 Week's Low
52 Week's High
₹886.05₹1,487.9
| Returns % | |
| 1 Month Return | -3.58 % |
| 3 Month Return | + 12.13 % |
| 1 Year Return | -18.14 % |
| Market Stats | |
| Previous Close | ₹1,053.55 |
| Open | ₹1,054.55 |
| Volume | 1.04L |
| Upper Circuit | - |
| Lower Circuit | - |
| Market Cap | ₹25,588.18Cr |
Key Statistics
| P/E Ratio | 61.72 |
| PEG Ratio | -101.18 |
| Market Cap | ₹25,588.18 Cr |
| P/B Ratio | 19.82 |
| EPS | 17.67 |
Peer Comparison
Company | Analyst View | Market Cap | 5 Year CAGR | Debt to Asset Ratio | Net Profit | Yearly Revenue |
|---|---|---|---|---|---|---|
| BUY | ₹25,588.18 Cr | 2.57% | 0.62 | ₹429 Cr | ₹1,354 Cr |
 | HOLD | ₹31,946.24 Cr | 11.26% | 0.82 | -₹60 Cr | ₹12,417 Cr |
 | HOLD | ₹45,603.95 Cr | 23.6% | 0.55 | NA | NA |
 | BUY | ₹29,190.92 Cr | 128.61% | 0.54 | ₹805 Cr | ₹6,059 Cr |
 | BUY | ₹18,840.16 Cr | 108.59% | 0.66 | ₹349 Cr | ₹6,808 Cr |
Company Information
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: ₹1079.95 per share as on 24 Jul, 2024 04:01 PM
Market Capitalisation: ₹25,588.18Cr as of today
Revenue: ₹363.16Cr as on March 2024 (Q1 24)
Net Profit: ₹115.79Cr as on March 2024 (Q1 24)
Listing date: 16 Feb, 2022
Chairperson Name: RAVI MODI
| Organisation | Vedant Fashions Ltd |
| Headquarters | Kolkata |
| Industry | Retail |
| E-voting on shares | Click here to vote |
Key events for Vedant Fashions Ltd
Vedant Fashions' High P/E Ratio Raises Concerns - 12 Jul, 2024
Vedant Fashions Ltd's high P/E ratio of 61.6x is a cause for concern as its earnings have been declining while the rest of the market has seen positive growth. Analysts predict slower than market growth, making the high P/E unsustainable.
Vedant Fashions Struggles with Weak Wedding Season - 11 Jul, 2024
Ethnic wear brand owner Vedant Fashions has experienced a weak wedding season for five consecutive quarters, including Q1 of FY25. The June quarter was particularly challenging due to the absence of weddings.
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.
POSITIVE IMPACTRetail Holding Up
Retail Investor have increased holdings from 3.54% to 4.25% in Mar 2024 quarter
- POSITIVE IMPACT
FII Holding Up
Foreign Institutions have increased holdings from 7.74% to 8.13% in Mar 2024 quarter
NO EFFECTAgainst Peers
In the last 1 year, Kalyan Jewellers India Ltd has given 219.9% return, outperforming this stock by 238.0%
NEGATIVE IMPACTProfit Down
Netprofit is down for the last 2 quarters, 157.71 Cr → 115.79 Cr (in ₹), with an average decrease of 26.6% per quarter
- NEGATIVE IMPACT
Promoter Holding Down
Promoters have decreased holdings from 74.98% to 74.97% in Mar 2024 quarter
- NEGATIVE IMPACT
MF Holding Down
Mutual Funds have decreased holdings from 10.28% to 9.37% in Mar 2024 quarter
- NEGATIVE IMPACT
Revenue Fall
Revenue is down for the last 2 quarters, 489.92 Cr → 387.27 Cr (in ₹), with an average decrease of 21.0% per quarter
- NEGATIVE IMPACT
Price Dip
In the last 1 year, MANYAVAR stock has moved down by -18.1%
Company Financials
| Q'1 24 | Q/Q Change | |
|---|---|---|
Revenue | ₹363.16Cr | ↓23.46% |
Net Income | ₹115.79Cr | ↓26.58% |
Net Profit Margin | 31.88% | ↓4.09% |
| 2023 | Y/Y Change | |
|---|---|---|
Revenue | ₹1,354.93Cr | ↑30.18% |
Net Income | ₹429.11Cr | ↑36.26% |
Net Profit Margin | 31.67% | ↑4.66% |
| 2023 | Y/Y Change | |
|---|---|---|
Total Assets | ₹2,181.09Cr | ↑23.61% |
Total Liabilities | ₹786.04Cr | ↑15.53% |
| 2023 | Y/Y Change | |
|---|---|---|
Operating Cash Flow | ₹459.12Cr | ↑34.61% |
Shareholding Pattern
| Investors | Holdings % | FY Quarter | 3M change |
|---|---|---|---|
| Promoter Holdings | 74.97% | 0.00 | |
| Foreign Institutions | 8.13% | 0.00 | |
| Mutual Funds | 9.37% | 0.00 | |
| Retail Investors | 4.25% | 0.00 | |
| Others | 3.27% | 0.00 |
Key Indicators
Vedant Fashions Ltd Valuation
Vedant Fashions Ltd in the last 5 years
Lowest (52.89x)
April 18, 2024
Industry (-422.86x)
July 23, 2024
Today (61.72x)
July 23, 2024
Highest (95.09x)
September 14, 2022
Earnings and Dividends
Vedant Fashions Ltd Earnings Results
Vedant Fashions Ltd’s net profit jumped 6.36% since last year same period to ₹115.79Cr in the Q4 2023-2024. On a quarterly growth basis, Vedant Fashions Ltd has generated -26.58% fall in its net profits since last 3-months.
Read More about Earnings ResultsVedant Fashions Ltd Dividends April,2023
In the quarter ending March 2023, Vedant Fashions Ltd has declared dividend of ₹9 - translating a dividend yield of 1.30%.
Read More about Dividends
Technicals Summary
Bearish
Neutral
Bullish
Vedant Fashions Ltd is currently in a Bullish trading position according to technical analysis indicators.
Frequently Asked Questions
- Get a PAN card.
- Open a Demat account.
- Open a Trading account.
- Link your Demat account to your Trading account.
- Fund your Trading account.
- Place an order to buy Vedant Fashions Ltd shares.
Vedant Fashions Ltd (MANYAVAR) share price today is ₹1079.95
Vedant Fashions Ltd is listed on NSE
Vedant Fashions Ltd is listed on BSE
- Today’s highest price of Vedant Fashions Ltd is ₹1083.95.
- Today’s lowest price of Vedant Fashions Ltd is ₹1054.55.
PE Ratio of Vedant Fashions Ltd is 61.72
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 1.04L.
Today’s market capitalisation of Vedant Fashions Ltd(MANYAVAR) is ₹25588.18Cr.
| Vedant Fashions Ltd(MANYAVAR | Price |
|---|---|
52 Week High | ₹1487.9 |
52 Week Low | ₹886.05 |
Vedant Fashions Ltd(MANYAVAR) share price is ₹1079.95. It is down -27.42% from its 52 Week High price of ₹1487.9
Vedant Fashions Ltd(MANYAVAR) share price is ₹1079.95. It is up 21.88% from its 52 Week Low price of ₹886.05
| Vedant Fashions Ltd(MANYAVAR | Returns |
|---|---|
1 Day Returns | 26.4% |
1 Month Returns | -3.58% |
3 Month Returns | 12.13% |
1 Year Returns | -18.14% |