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Vedant Fashions Ltd share Price Today

Company details

1,032.00
1,059.00
886.05
1,487.90
6M Return -14.12%
1Y Return -14.38%
Mkt Cap.(Cr) 25,587.57
Volume 63,119
Div Yield 0.81%
OI
-
OI Chg %
-
Volume 63,119

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Speciality Retail firm Vedant Fashions announced Q4FY23 & FY23 results:

  • Q4FY23:
    • Revenue from Operations (YoY Growth) Q4: 15.3 %
    • Gross Margin% Q4: 66.0%
    • EBITDA Margin% Q4: 50.2%
    • PAT Margin% Q4: 31.9%
    • PAT (YoY Growth) Q4: 22.7%
  • FY23:
    • Revenue from Operations (YoY Growth) FY: 30.2%
    • Gross Margin% FY: 67.4%
    • EBITDA Margin% FY: 50.1%
    • PAT Margin% FY: 31.7%
    • PAT (YoY Growth) FY: 36.3%

 

 

Result PDF

View Other Company Results

Vedant Fashions Ltd shares SWOT Analysis

Strengths (6)

  • Company with No Debt
  • Strong cash generating ability from core business - Improving Cash Flow from operation for last 2 years
  • Company able to generate Net Cash - Improving Net Cash Flow for last 2 years

Weakness (1)

  • MFs decreased their shareholding last quarter

Opportunity (0)

Data not found

Threats (2)

  • High PE (PE > 40)
  • Increasing Trend in Non-Core Income

Resistance and support

R1 1,064.4
R2 1,075.2
R3 1,091.4
Pivot

1,048.18

S1 1,037.4
S2 1,021.2
S3 1,010.4
EMA SMA
1,064.0
1,057.3
1,055.8
1,093.4
1,068.0
1,069.7
1,007.6
1,119.0
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
SOCIETE GENERALE Block Purchase 2024-04-23 932.9 370643 NSE
MARSHALL WACE INVESTMENT STRATEGIES - EUREKA FUND Block Sell 2024-04-23 932.9 370643 NSE
MARSHALL WACE INVESTMENT STRATEGIES EUREKA FUND Block Purchase 2024-01-25 1072.45 330430 NSE
Name Category Shares
RAVI MODI HUF PROMOTER 16.01%
SHILPI MODI PROMOTER 1.09%
RAVI MODI PROMOTER 0.7%
Ravi Modi Family Trust (acting through its trustee, Modi Fiduciary Services Private Limited) PROMOTER 57.17%

FINANCIALS

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

Vedant Fashions Ltd Stocks COMPARISON

Financials( in Cr) Vedant Fashions Ltd Avenue Supermarts Ltd Trent Ltd Aditya Birla Fashion & Retail Ltd Redtape Ltd
Price 1,053.55 5,065.25 5,263.80 314.40 719.35
% Change 0.33 4.77 -5.46 -3.42 2.20
Mcap Cr 25,587.57 329,612.53 187,121.25 31,912.23 9,941.56
Revenue TTM Cr 1,354.93 42,839.56 12,375.11 12,417.90 1,468.31
Net Profit TTM Cr 429.11 2,378.34 1,477.46 -59.47 142.15
PE TTM 61.81 124.36 204.74 0.00 56.42
1 Year Return -14.38 34.44 213.95 46.20 45.66
ROCE 36.34 20.14 23.52 0.00 28.67
ROE 34.57 15.99 27.16 0.00 34.99
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 1,399.88 Cr FV: 1.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 8,306.88 53,539.14
LAST 3M 89,013.52 64,904.32
LAST 6M 176,751.92 63,807.63
LAST 12M 305,416.58 96,213.98
Vedant Fashions Limited - Board Meeting

Jul 23, 2024 l NSE Announcement

Vedant Fashions to convene board meeting

Jul 23, 2024 l BSE Announcement

Vedant Fashions Limited - Change in Director

Jul 22, 2024 l NSE Announcement

Date Action Type Ratio
Aug 17, 2023 Dividend 900
Aug 30, 2022 Dividend 500

Vedant Fashions Ltd Information

Stock PE (TTM)
61.81
Promoter Holding
74.97%
Book Value
65.9546
ROCE
36.34%
ROE
34.57%
Description
  • Vedant Fashions Ltd was originally incorporated as Vedant Fashions Private Limited at Kolkata on 24 May 2002. Pursuant to a takeover agreement dated 01 June 2002, the business of a proprietorship firm by the name of "M/s Vedant Creation", which was being carried out by one of the individual Promoters the company namely Ravi Modi, was transferred to the Company as a going concern. Subsequently, the Company was converted into a public limited company, pursuant to the approval accorded by the Shareholders at their extra-ordinary general meeting held on 16 July 2021. Consequently, the name of the Company was changed to Vedant Fashions Limited on 25 August 2021. Vedanta Fashions is country`s largest manufacturer of Indian vending and ethnic wear for men. The company is primarily engaged in manufacturing and trading of readymade garments being men`s ethnic wear such as sherwanis, indo-western, kurtas, suits etc. and women`s ethnic wear such as lehanga, saree, suit, kurti etc and related accessories.The company markets its products under the brand name of Manyavar, Mohey, Mebaz, Twamev and Manthan. The MANYAVAR brand is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence,The company offer a one-stop destination with a wide-spectrum of product offerings for every celebratory occasion and aim to deliver an aristocratic yet seamless purchase experience to the customers through its aesthetic franchisee-owned exclusive brand stores.The company also focused in the women`s Indian wedding and celebration wear market through its brand, Mohey, launched in 2015. On 16 December 2006,the company has allotted 5262800 equity shares of Rs 10 each as bonus shares to the shareholders in the ratio of 1:2. On 24 August 2017,the company has allotted 654237 equity shares of Rs 10 each at a premium of Rs 3429.12 per share to Rhine Holdings Limited on preferential basis. Pursuant to a shareholders` resolution dated 22 November 2017, the Company sub-divided its share capital by sub-dividing the face value of its equity shares from Rs 10 per equity share to Rs 2 per equity share. Accordingly, by virtue of such split, with effect from 22 November 2017. On 05 December 2017, the Company allotted 62557585 equity shares of Rs 2 each as Bonus Shares to the shareholders in the ratio of 1:1. In FY 2017-18, Rainbow Iron & Steel Private Limited (Transferor) was amalgamated with the Company (Transferee) through the Scheme of Arrangement effective from 20 November 2018. On 21 December 2018, the Company made the allotment of 964,225 Equity Shares to Ravi Modi (HUF) and 8,678,025 Equity Shares to Ravi Modi Family Trust (acting through its trustee, Modi Fiduciary Services Private Limited), through Scheme of Amalgamation. During February 2022,the company came out with an Rs 3149.19-crore public issue which was entirely an offer for sale(OFS) by promoters and investors.The IPO shares were allotted at the price of Rs 866 per share including a premium of Rs 865 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 16 February 2022. As of, Mar 31, 2022, the Company had a retail footprint of 1.3 million square feet covering 583 EBOs (including shop-in-shops) spanning across 223 cities and towns in India, and 12 EBOs overseas across the United States, Canada, and the UAE. During FY 22-23, the number of Exclusive Brand Outlets (EBOs), increased and as of March 2023, the Company`s EBO area stood at 1.47 million square feet, spanning 649 stores (including SIS) in 257 cities and towns globally. The national EBO footprint tally was at 633 stores (including SIS), spread across 245 cities and towns.

Registered Address

Paridhan Garment Park A501-502, 19 Canal South Rd SDF-1 4th Fl, Kolkata, West Bengal, 700015

Tel : 91-33-61255495
Email : complianceofficer:manyavar.com
Website : http://www.vedantfashions.com
Registrar

KFin Techologies Ltd

AGM Date (Month) : Aug
Face Value Equity Shares : 1
Market Lot Equity Shares : 1
BSE Code : 543463
NSE Code : MANYAVAR
Book Closure Date (Month) : Aug
BSE Group : A
ISIN : INE825V01034

FAQ’s on Vedant Fashions Ltd Shares

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

Company share prices and volatile and keep changing according to the market conditions. As of Jul 23, 2024 03:52 PM the closing price of Vedant Fashions Ltd was Rs.1,053.55.

The latest PE ratio of Vedant Fashions Ltd as of Jul 23, 2024 03:52 PM is 61.81

The latest PB ratio of Vedant Fashions Ltd as of Jul 23, 2024 03:52 PM is 0.06

The 52-week high of Vedant Fashions Ltd share price is Rs. 1,487.90 while the 52-week low is Rs. 886.05

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 23, 2024 03:52 PM, the market cap of Vedant Fashions Ltd stood at Rs. 25,587.57 Cr.

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