Arvind Fashions Limited
NSE: ARVINDFASNSpeciality Retail
Share price
₹402.80
+2.73% close of 9 Oct 2026
Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 7 Oct 2026, the close above is 9 Oct 2026.
Business score
How strong the business is, in one number. The parts behind it are in Pro.
58
out of 100 · worked out 8 Oct 2026
Your ratios
The numbers you want to see first. Tap Edit to change them.
Market cap
₹5,337 Cr
P/E ratio
40.7
P/B ratio
5.7
ROCE
19.6%
ROE
14.1%
Dividend yield
0.4%
Price & valuation chart
How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.
Answers
Simple answers to the questions investors ask most, from the company's own numbers.
How fast it has been growing
Sales grew 13.9% over the past year, and 5.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 8.6% to 13.4% over the last four years.
Whether it grew faster than its sector
It grew 5.9% a year against a sector median of 13.9% — 8.0 percentage points slower.
Room to re-rate, or risk of de-rating
Too little price history yet to compare it with its own past.
Whether growth justifies the valuation
Priced at 0.8 times its growth rate, on earnings growth of 53%.
| Profit growth | Price per ₹1 profit | Per 1% growth | |
|---|---|---|---|
| Arvind Fashions Limited — this one | 53%/yr | 40.7× | ₹0.77 |
| Trent Limited | 71%/yr | 85.1× | ₹1.2 |
| Lenskart Solutions Limited | 110%/yr | 178.7× | — |
| Vedant Fashions Limited | -5%/yr | 31.1× | — |
| Aditya Birla Lifestyle Brands Limited | — | 41.4× | — |
| Aditya Vision Limited | 23%/yr | 54.3× | ₹2.4 |
Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
How it compares with its peers
Against companies the exchange files under the same label (Speciality Retail), it ranks 5 of 18 on returns, 14 of 17 on growth, 10 of 18 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
What makes it hard to beat — and is that still true?
A narrow advantage: it earns 19.6% on capital, ahead of 72% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.
Whether its growth pays for itself
Yes — Over the last five years it made ₹1985 crore of cash from the business, spent ₹299 crore on plant and equipment, and returned ₹1760 crore to lenders and shareholders. It has not made a profit over 10 years.
Profit reality check
Is the profit real cash? Simple checks on the accounts. Facts only, not advice.
8 of 9 checks clear · 89%
Latest result
What the last results showed. Whether management kept its word is in Pro.
Results are expected soon.
Checklist before you investPRO
Points for and against, in one list.
Key numbers & peers
The main numbers grouped by topic, and how the company compares with similar ones.
Price
- Market cap
- ₹5,337 Cr
- Prev close
- ₹402.80
- 52w High
- ₹569
- 52w Low
- ₹366
- Enterprise value
- ₹6,609 Cr
- Beta
- 1.1
- Price CAGR 1y
- -24.0%
- Price CAGR 3y
- 6.0%
- Price CAGR 5y
- 4.0%
- Price CAGR 10y
- —
Ratios
- Return on assets
- 4.4%
- PEG ratio
- 0.8
- P/E ratio
- 40.7
- P/B ratio
- 5.7
- EV / EBITDA
- 9.0
- Industry P/E
- 41.4
- ROCE
- 19.6%
- ROCE 5y average
- 13.2%
- ROE
- 14.1%
- Debt / Equity
- 1.4
- Interest coverage
- 2.4
- Dividend yield
- 0.4%
- ROE 3y average
- 6.0%
- ROE last year
- 14.0%
Annual P&L
- Annual revenue
- ₹5,266 Cr
- Annual profit
- ₹184 Cr
- Operating margin
- 14.0%
- Net profit margin
- 3.5%
- EBITDA margin
- 13.7%
- Sales growth 3y
- 9.0%
- Sales growth 5y
- 19.1%
- Profit growth 3y
- 53.0%
- Profit growth 5y
- 17.0%
- EPS
- ₹9.2
- Sales growth TTM
- 14.0%
- Profit growth TTM
- 666.0%
- Dividend payout
- 17.0%
Quarter P&L
- Sales latest quarter
- ₹1,279 Cr
- Profit latest quarter
- ₹28 Cr
- YoY quarterly sales growth
- 15.5%
- YoY quarterly profit growth
- 12.0%
- OPM latest quarter
- 12.5%
Balance Sheet
- Book Value
- ₹71.2
- Face Value
- ₹4.0
- Total debt
- ₹1,336 Cr
- Total cash
- ₹64 Cr
- Borrowings
- ₹1,336 Cr
- Reserves / Equity
- 16.8
Cash Flow
- Operating cash flow
- ₹404 Cr
- Free cash flow
- ₹296 Cr
- FCF yield
- 2.1%
- Net cash flow
- -₹100 Cr
Shareholding
- Promoter holding
- 35.1%
- FII holding
- 12.2%
- DII holding
- 25.0%
- Public holding
- 27.8%
Peer comparison
| Company | Price ₹ | P/E | Mkt cap ₹ Cr | Div yield % | Profit qtr ₹ Cr | Profit var % | Sales qtr ₹ Cr | Sales var % | ROCE % |
|---|---|---|---|---|---|---|---|---|---|
| Trent | 2,890.30 | 84.3 | 1,54,226 | 0.14 | 518.1 | 20.8 | 5,754.7 | 17.8 | 28.3 |
| Lenskart Solut. | 681.30 | 180.0 | 1,18,499 | 0.00 | 228.4 | 240.3 | 2,714.2 | 43.3 | 8.1 |
| Vedant Fashions | 500.20 | 31.6 | 12,189 | 1.55 | 80.6 | 14.7 | 301.4 | 7.2 | 22.8 |
| A B Lifestyle | 73.69 | 42.1 | 8,995 | 0.68 | 29.0 | 20.6 | 2,045.7 | 11.2 | 15.0 |
| Aditya Vision | 621.10 | 57.2 | 8,017 | 0.20 | 77.2 | 40.0 | 1,192.7 | 26.9 | 17.1 |
| V2 Retail | 163.95 | 36.5 | 5,973 | 0.00 | 41.9 | 51.0 | 997.2 | 58.4 | 19.5 |
| Aditya Bir. Fas. | 44.62 | 5,439 | 0.00 | -248.7 | -1.5 | 2,025.6 | 10.6 | -3.8 | |
| Arvind Fashions. | 397.95 | 40.6 | 5,323 | 0.40 | 27.6 | -23.6 | 1,278.5 | 15.5 | 19.6 |
| Median | 163.95 | 36.5 | 2,889 | 0.00 | 7.8 | 13.7 | 470.9 | 16.6 | 15.0 |
Competes with: Aditya Birla Fashion and Retail Limited, Aditya Birla Lifestyle Brands Limited, Aditya Vision Limited, Baazar Style Retail Limited, Brand Concepts Limited, Credo Brands Marketing Limited, Lenskart Solutions Limited, Praxis Home Retail Limited, Shankara Building Products Limited, Shankara Buildpro Limited, Trent Limited, V2 Retail Limited, Vedant Fashions Limited
Quarterly results
Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.
| Line item | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 867 | 1,174 | 1,125 | 1,094 | 955 | 1,273 | 1,203 | 1,189 | 1,107 | 1,418 | 1,377 | 1,365 | 1,279 |
| Expenses | 773 | 1,035 | 982 | 959 | 839 | 1,111 | 1,037 | 1,030 | 974 | 1,230 | 1,182 | 1,176 | 1,119 |
| Material Cost | 0 | 0 | 0 | 0 | 0 | 0 | |||||||
| Change in Inventories | -138 | -40 | -160 | -26 | -84 | -38 | |||||||
| Purchases of Stock-in-Trade | 687 | 528 | 833 | 639 | 711 | 591 | |||||||
| Employee Cost | 69 | 72 | 86 | 82 | 82 | 83 | |||||||
| Other Expenses | 413 | 413 | 471 | 486 | 467 | 482 | |||||||
| Operating Profit | 93 | 139 | 143 | 135 | 116 | 162 | 166 | 159 | 133 | 187 | 195 | 189 | 160 |
| OPM % | 11 | 12 | 13 | 12 | 12 | 13 | 14 | 13 | 12 | 13 | 14 | 14 | 12 |
| Other Income | 10 | 0 | 36 | 12 | 8 | 7 | 8 | 11 | 14 | 13 | -23 | 13 | 7 |
| Exceptional items (within Other Income) | 0 | 0 | 0 | -29 | 5.69 | 0 | |||||||
| Interest | 34 | 36 | 38 | 35 | 38 | 39 | 40 | 39 | 41 | 42 | 43 | 45 | 48 |
| Depreciation | 55 | 55 | 62 | 59 | 61 | 64 | 65 | 65 | 69 | 71 | 75 | 75 | 79 |
| Profit before tax | 14 | 48 | 79 | 53 | 24 | 66 | 67 | 66 | 39 | 87 | 53 | 82 | 40 |
| Tax % | 132 | 23 | 18 | 25 | 41 | 32 | 31 | 210 | 36 | 35 | 32 | 19 | 30 |
| Net Profit | -5 | 37 | 65 | 40 | 14 | 45 | 47 | -72 | 25 | 56 | 36 | 66 | 28 |
| EPS in Rs | -1.24 | 1.63 | 3.84 | 1.83 | 0.10 | 2.22 | 2 | -6.99 | 0.94 | 2.81 | 1.91 | 3.51 | 0.72 |
| Diluted EPS in Rs | -6.99 | 0.94 | 2.80 | 1.91 | 3.51 | 0.72 |
Profit & loss
Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.
| Line item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,292 | 4,219 | 4,644 | 3,614 | 2,201 | 3,056 | 4,069 | 4,259 | 4,620 | 5,266 | 5,437 |
| Expenses | 1,218 | 3,977 | 4,350 | 3,351 | 2,205 | 2,864 | 3,630 | 3,734 | 4,004 | 4,546 | 4,707 |
| Material Cost | 0 | 0 | |||||||||
| Change in Inventories | -171 | -310 | |||||||||
| Purchases of Stock-in-Trade | 2,320 | 2,712 | |||||||||
| Employee Cost | 269 | 322 | |||||||||
| Other Expenses | 1,600 | 1,837 | |||||||||
| Operating Profit | 74 | 242 | 294 | 263 | -4 | 192 | 440 | 525 | 616 | 720 | 731 |
| OPM % | 6 | 6 | 6 | 7 | -0.20 | 6 | 11 | 12 | 13 | 14 | 13 |
| Other Income | 2 | 5 | 4 | -41 | -20 | -67 | 26 | 56 | 33 | 15 | 9 |
| Exceptional items (within Other Income) | 0 | -23 | |||||||||
| Interest | 34 | 96 | 131 | 278 | 228 | 135 | 135 | 156 | 170 | 185 | 178 |
| Depreciation | 43 | 139 | 153 | 421 | 303 | 233 | 203 | 230 | 256 | 290 | 300 |
| Profit before tax | -1 | 12 | 13 | -477 | -554 | -242 | 127 | 194 | 225 | 262 | 262 |
| Tax % | -1,310 | -12 | -67 | -16 | 8 | -2 | 32 | 29 | 85 | 30 | |
| Net Profit | 15 | 13 | 21 | -399 | -596 | -237 | 87 | 137 | 33 | 184 | 186 |
| EPS in Rs | 1.48 | -35 | -51 | -20 | 2.76 | 6.06 | -2.67 | 9.17 | 8.95 | ||
| Diluted EPS in Rs | -2.67 | 9.16 | |||||||||
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 | 36 | 21 | -60 | 17 |
Compounded growth
Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.
Compounded sales growth
- 10 years
- —
- 5 years
- 19%
- 3 years
- 9%
- TTM
- 14%
Compounded profit growth
- 10 years
- —
- 5 years
- 17%
- 3 years
- 53%
- TTM
- 666%
Stock price CAGR
- 10 years
- —
- 5 years
- 4%
- 3 years
- 6%
- 1 year
- -24%
Return on equity
- 10 years
- -12%
- 5 years
- -1%
- 3 years
- 6%
- Last year
- 14%
Balance sheet
What the company owns and what it owes, at the end of each year. ₹ crore.
| Line item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 22 | 23 | 23 | 23 | 42 | 53 | 53 | 53 | 53 | 53 |
| Reserves | 636 | 1,037 | 1,106 | 574 | 480 | 697 | 857 | 950 | 904 | 890 |
| Borrowings | 604 | 745 | 824 | 2,162 | 1,755 | 958 | 1,265 | 1,148 | 1,157 | 1,336 |
| Other Liabilities | 946 | 1,371 | 1,571 | 1,673 | 1,424 | 1,558 | 1,497 | 1,456 | 1,695 | 1,936 |
| Minority Interest | 207 | 217 | ||||||||
| Total Liabilities | 2,208 | 3,176 | 3,524 | 4,433 | 3,701 | 3,267 | 3,672 | 3,607 | 3,809 | 4,216 |
| Fixed Assets | 340 | 532 | 537 | 1,234 | 1,045 | 661 | 865 | 896 | 1,008 | 1,080 |
| CWIP | 0 | 1 | 11 | 1 | 0 | 0 | 2 | 4 | 3 | 4 |
| Investments | 82 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets | 1,786 | 2,643 | 2,975 | 3,197 | 2,656 | 2,605 | 2,805 | 2,707 | 2,798 | 3,132 |
| Total Assets | 2,208 | 3,176 | 3,524 | 4,433 | 3,701 | 3,267 | 3,672 | 3,607 | 3,809 | 4,216 |
Cash flows
Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.
| Line item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash from Operating Activity | -146 | -78 | 175 | 206 | -79 | 300 | 317 | 434 | 530 | 404 |
| Cash from Investing Activity | -703 | -145 | -132 | -118 | -40 | -9 | -28 | 32 | -75 | -98 |
| Cash from Financing Activity | 855 | 226 | -46 | -85 | 113 | -209 | -198 | -491 | -456 | -406 |
| Net Cash Flow | 6 | 4 | -3 | 3 | -6 | 82 | 91 | -25 | -2 | -100 |
| Free Cash Flow | -206 | -252 | 22 | 86 | -121 | 317 | 281 | 354 | 438 | 296 |
Ratios
How fast customers pay, how long stock sits, and how well capital earns — year by year.
| Line item | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 71 | 68 | 69 | 79 | 104 | 68 | 50 | 55 | 58 | 52 |
| Inventory Days | 495 | 134 | 189 | 239 | 230 | 177 | 173 | 163 | 183 | 211 |
| Days Payable | 392 | 197 | 198 | 243 | 264 | 224 | 180 | 168 | 141 | 134 |
| Cash Conversion Cycle | 173 | 5 | 60 | 75 | 69 | 22 | 44 | 51 | 100 | 129 |
| Working Capital Days | 5 | 24 | 25 | -14 | -1 | 21 | 16 | 26 | 29 | 35 |
| ROCE % | 7 | 7 | -6 | -8 | 1 | 14 | 14 | 17 | 20 |
Price trend
The price as a Renko brick chart: small moves drop out so the bigger path stands out.
Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.
Open interestPRO
Where option traders are positioned on this stock.
Industry numbers
The numbers that matter most in this industry, from the company's own filings.
1 when an audit qualification is filed as repetitive
0.00flag
2026-03-31
the company's own unlisted debt securities in default at period end
0.00cr
2026-06-30
the company's own loans / revolving facilities in default at period end (standalone filing)
0.00cr
2026-06-30
net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash
1,272inr_cr
2026-03-31
guarantees / comfort given for promoter, promoter group, directors and KMP
0.00cr
2026-03-31
loans outstanding to promoter, promoter group, directors and KMP (governance filing)
0.00cr
2026-03-31
security given for the borrowing of promoter, promoter group, directors and KMP
0.00cr
2026-03-31
FY revenue / permanent employees + workers, same basis (calc)
4,82,23,443inr
2026-03-31
same-store sales growth %
11.60pct
2026-06-30
News
News and filings about Arvind Fashions Limited. Open one to see why it matters.
No recent news for this company.
Supply chain
Who it buys from, sells to and competes with — as recorded in our map of company links.
Competes with
- Aditya Birla Fashion and Retail Limited
- Aditya Birla Lifestyle Brands Limited
- Aditya Vision Limited
- Baazar Style Retail Limited
- Brand Concepts Limited
- Credo Brands Marketing Limited
- Lenskart Solutions Limited
- Praxis Home Retail Limited
- Shankara Building Products Limited
- Shankara Buildpro Limited
- Trent Limited
- V2 Retail Limited
- Vedant Fashions Limited
Uses as raw material
- fabric & garments for owned brands (contract manufactured)
- finished branded apparel & footwear (stock-in-trade)
Buys from
- Capillary Technologies India Limited · loyalty/CRM SaaS platform
- Sutlej Textiles and Industries Limited · yarns and fabrics for the Arrow brand
About
What the company is, from our own records: where it sits, where it makes things, and what it is made of.
- Sector
- Consumer Services
- Industry
- Speciality Retail
- Classification
- Consumer Services › Speciality Retail
- ISIN
- INE955V01021
News impact
Big market events that reach Arvind Fashions Limited, and how the effect spreads.
23 Sept, 10:50 IST · Market event · high impact
Arvind SmartSpaces share price jumps 12% today as ₹500 crore bookings in 30 days spark investors' interest - Details - livemint.com
Arvind SmartSpaces sold Rs 500 crore of Bengaluru flats in 30 days, lifting its shares 11-12% and future revenue, while rival builders and its textile and fashion group siblings gain nothing.
Who it hits first
- Arvind SmartSpaces, a small homebuilder in the Arvind group, sold Rs 500 crore of flats in 30 days at Arvind Sylva, its 375-home project on Sarjapur Road in Bengaluru.
- The project hit 60% value-based absorption on just 4.7 acres, and the shares jumped 11-12% on the news.
- Sister group firms in textiles and fashion, and rival builders, booked none of these sales.
Who may gain
- Arvind SmartSpaces: Rs 500 crore of bookings converting into future home-sale revenue.
- Existing shareholders: an 11-12% price jump on proof of fast sales.
- Bengaluru housing sentiment: a 60% absorption print that heartens the local market.
Along the supply chain
Downstream
Downstream are the homebuyers themselves: 375 families on Sarjapur Road take finished flats, with brokers and home-loan lenders earning fees along the way.
Upstream
Upstream, cement, steel, labour and contractor demand rises as the 4.7-acre, 375-home project gets built, though the pack names no supplier to Arvind SmartSpaces.
Where demand moves
Business
True buyer demand showed up: families booked 375 premium homes worth Rs 500 crore in 30 days, which becomes Arvind SmartSpaces revenue as the project is built and handed over; no other builder shares these buyers.
Capital
Capital chased the proof: traders and investors bid Arvind SmartSpaces up 11-12%, while group siblings Arvind and Arvind Fashions and rival builders attract only passing sympathy money.
How it spreads across sectors
Realty
Mildly positive tone: a 60% absorption sellout signals healthy Bengaluru demand, but sales stay with Arvind SmartSpaces alone.
Textiles
No ripple: the group sibling's fabric and garment business is untouched by home sales in Bengaluru.
When it plays out
Immediate
The stock digests the 11-12% jump as booking details and the 60% absorption figure circulate.
Medium term
Build-out of the 375 homes and further Bengaluru launches decide if the sales pace repeats or was one-off.
Short term
Allotment progress and construction start at Arvind Sylva confirm whether bookings turn into collections.
Dividends, splits & big trades
Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.
Dividends
| 7 Aug 2026 | unspecified | ₹1.6 |
|---|---|---|
| 12 Aug 2025 | unspecified | ₹1.6 |
| 9 Aug 2024 | unspecified | ₹1.25 |
| 1 Sep 2023 | unspecified | ₹1 |
Splits, bonuses & buybacks
- daily-prices repair: 8 rows from NSE's archive (replace 1, delete 1, insert 6), 2020-02-01..2026-02-01 (docs/flat_day_repair.md)1× · 1 Feb 2020
Insider trades
| Disclosed | Who | Type | Shares | Value ₹ Cr |
|---|---|---|---|---|
| 17 Sep 2026 | AFL ESOP TRUST · Designated Person | BUY | 32,500 | 0.75 |
| 16 Sep 2026 | DARSHIL JAYESH SHAH · Immediate Relative | SELL | 50,000 | 2.25 |
| 14 Aug 2026 | AFL ESOP TRUST · Designated Person | BUY | 30,000 | 0.80 |
Documents
Annual reports, results presentations and earnings calls, straight from the source.
- Annual report · 2025-2624 Jul 2026
- Earnings call · Q1FY2722 Jul 2026
- Results presentation30 Jun 2026
Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.