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Prices as of 8 Oct 2026 close · Not investment advice

Vedant Fashions Limited

NSE: MANYAVARSpeciality Retail

Share price

₹489.90

-2.06% close of 8 Oct 2026

Market cap ₹11,758 CrP/E 30.5

Business score

How strong the business is, in one number. The parts behind it are in Pro.

60

out of 100 · worked out 8 Oct 2026

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹11,758 Cr

P/E ratio

30.5

P/B ratio

6.1

ROCE

22.8%

ROE

20.1%

Dividend yield

1.6%

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.

Prices as of 8 Oct 2026 close52-week high ₹697.2052-week low ₹337.10

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Our sales figures for this company step up at Dec 2020 and we hold nothing that says why, so we cannot honestly quote a growth rate across it.

Whether it grew faster than its sector

Our sales figures for this company step up at Dec 2020 and we hold nothing that says why, so there is no honest growth rate of its own to set against its sector.

Room to re-rate, or risk of de-rating

At 30.5× earnings against a market that pays 23.9× across 2199 companies we can price. Its own industry sits at 56.5×, across 5 companies. It is against its own five-year median of 68.2×, the 11th percentile of its own range.

Whether growth justifies the valuation

Its earnings are falling, so growth cannot justify the price.

Profit growthPrice per ₹1 profitPer 1% growth
Vedant Fashions Limited — this one-5%/yr30.5×—
Trent Limited71%/yr83.9×₹1.2
Lenskart Solutions Limited110%/yr172.4×—
Aditya Birla Lifestyle Brands Limited—41.2×—
Aditya Vision Limited23%/yr56.5×₹2.5
V2 Retail Limited135%/yr35.1×—

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 3 of 18 on returns, 11 of 17 on growth, 1 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 wide advantage: it earns 22.8% on capital, ahead of 83% 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 ₹2153 crore of cash from the business, spent ₹5 crore on plant and equipment, and returned ₹1757 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 10 years, about 107 arrived as cash (before interest, which is why it can exceed the profit). Its cash comes back more slowly than it used to: it went from being waiting 101 days for its cash to waiting 121 days for its cash.

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
₹11,758 Cr
Prev close
₹489.90
52w High
₹705
52w Low
₹329
Enterprise value
₹11,679 Cr
Beta
0.8
Price CAGR 1y
-27.0%
Price CAGR 3y
-27.0%
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
13.2%
PEG ratio
-6.2
P/E ratio
30.5
P/B ratio
6.1
EV / EBITDA
18.3
Industry P/E
41.1
ROCE
22.8%
ROCE 5y average
30.4%
ROE
20.1%
Debt / Equity
0.2
Interest coverage
9.9
Dividend yield
1.6%
ROE 3y average
22.0%
ROE last year
19.0%

Annual P&L

Annual revenue
₹1,435 Cr
Annual profit
₹376 Cr
Operating margin
44.0%
Net profit margin
26.2%
EBITDA margin
43.8%
Sales growth 3y
2.7%
Sales growth 5y
21.5%
Profit growth 3y
-5.0%
Profit growth 5y
23.0%
EPS
₹15.5
Sales growth TTM
2.0%
Profit growth TTM
-3.0%
Dividend payout
50.0%

Quarter P&L

Sales latest quarter
₹301 Cr
Profit latest quarter
₹81 Cr
YoY quarterly sales growth
7.1%
YoY quarterly profit growth
15.7%
OPM latest quarter
43.0%

Balance Sheet

Book Value
₹81.8
Face Value
₹1.0
Total debt
₹458 Cr
Total cash
₹11 Cr
Borrowings
₹458 Cr
Reserves / Equity
80.8

Cash Flow

Operating cash flow
₹481 Cr
Free cash flow
₹470 Cr
FCF yield
3.5%
Net cash flow
-₹6 Cr

Shareholding

Promoter holding
74.9%
FII holding
8.0%
DII holding
13.2%
Public holding
3.9%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Trent2,913.0085.01,55,3310.14518.120.85,754.717.828.3
Lenskart Solut.675.95178.61,17,5680.00228.4240.32,714.243.38.1
Vedant Fashions497.0031.312,0761.5980.614.7301.47.222.8
A B Lifestyle72.6541.58,8670.6829.020.62,045.711.215.0
Aditya Vision614.0056.67,9290.2077.240.01,192.726.917.1
V2 Retail159.2035.45,8050.0041.951.0997.258.419.5
Aditya Bir. Fas.44.305,4070.00-248.7-1.52,025.610.6-3.8
Median159.2035.42,9340.007.813.7470.916.615.0

Competes with: Aditya Birla Fashion and Retail Limited, Aditya Birla Lifestyle Brands Limited, Aditya Vision Limited, Arvind Fashions Limited, Baazar Style Retail Limited, Brand Concepts Limited, Credo Brands Marketing Limited, Go Fashion (India) Limited, Lenskart Solutions Limited, Praxis Home Retail Limited, Purple Style Labs Limited, SS Retail Limited, Sai Silks (Kalamandir) Limited, Shankara Building Products Limited, Shankara Buildpro Limited, Trent Limited, V2 Retail Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026
Line itemJun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales311218474363240268511367281263492399301
Expenses163125232188127146269202161152274221170
Material Cost502833493331
Change in Inventories-2614-2.599.91317.36
Purchases of Stock-in-Trade733644895751
Employee Cost151616181615
Other Expenses8967611088367
Operating Profit14893242175113122242166121111218179131
OPM %48435148474647454342444543
Other Income15151524211922222620212630
Exceptional items (within Other Income)000000
Interest9111113141414141415141313
Depreciation29323438373739394042444442
Profit before tax1246521214883902121359374181148106
Tax %26252622252625252424262324
Net Profit92491581166267158101705613511481
EPS in Rs3.802.026.494.772.572.756.504.162.892.315.554.703.32
Diluted EPS in Rs4.162.892.315.554.703.32

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5045967607949155421,0091,3261,3681,3861,4351,456
Expenses354423526521517307528668709744807817
Material Cost176143
Change in Inventories-6253
Purchases of Stock-in-Trade255226
Employee Cost6066
Other Expenses315319
Operating Profit150173234274398235480658658643628639
OPM %302931344443485048464444
Other Income2310193258493770859397
Exceptional items (within Other Income)00
Interest65642525273044555655
Depreciation7810882898897135153170172
Profit before tax139164229280323178414567548519496509
Tax %3535353524272525242524
Net Profit90106149182245131308423414388376386
EPS in Rs768912152011131717161516
Diluted EPS in Rs1615
Dividend Payout %130002003952505050

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years
11%
5 years
21%
3 years
3%
TTM
2%

Compounded profit growth

10 years
15%
5 years
23%
3 years
-5%
TTM
-3%

Stock price CAGR

10 years
—
5 years
—
3 years
-27%
1 year
-27%

Return on equity

10 years
24%
5 years
25%
3 years
22%
Last year
19%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital1212232525252424242424
Reserves2213176838651,0511,0751,0601,3711,5781,7621,940
Borrowings229130234204263293444483458
Other Liabilities109154221257281320402473462477431
Total Liabilities3644929401,1471,5911,6231,7492,1612,5082,7472,853
Fixed Assets104141316252482446495518663688659
CWIP35120002000
Investments001381953715535247939591,0511,214
Other Assets2573454856987376247308488861,008979
Total Assets3644929401,1471,5911,6231,7492,1612,5082,7472,853

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity3752179251253341459483389481
Cash from Investing Activity-22-279-165-106-9062-228-110-16-102
Cash from Financing Activity-16224-13-138-165-406-226-362-377-386
Net Cash Flow-0-417-2-3512-4-6
Free Cash Flow15-94173238263352464484388470

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone
Line itemMar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days78115155155156247143130151163166
Inventory Days291266131147173275207191139210131
Days Payable10893649873133100938910656
Cash Conversion Cycle261289221204256389250228200266240
Working Capital Days9314914914813517210185105126121
ROCE %57443531153339312623

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters757575757575757575757575
FIIs6.687.758.139.049.5311109.889.769.298.287.95
DIIs151413121210111111121313
Public3.463.554.274.093.934.134.314.074.353.774.143.92
No. of Shareholders74,73774,37992,08383,64475,71971,97173,54575,62180,69881,85284,11983,016

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -29.0% (₹690.15 → ₹489.90)Brick size ₹20.31 (fixed)Bricks 35
₹400₹600₹700₹490Nov '25Feb '26May '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹489.90 on 8 Oct 2026

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

-79.05inr_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)

2,09,79,532inr

2026-03-31

same-store sales growth %

3.80pct

2026-06-30

News

News and filings about Vedant Fashions Limited. Open one to see why it matters.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Uses as raw material

  • Accessories
  • Computerized embroidery machine spare parts
  • Finished apparel sourced from third-party manufacturers (stock-in-trade)
  • Packaging materials
  • Textile fabrics (finished / greige)

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
INE825V01034

Plants

  • Vedant Fashions centralized warehouse, Srijan Industrial Logistics Park
  • Vedant Fashions factory, Regent Garment & Apparel Park

News impact

Big market events that reach Vedant Fashions Limited, and how the effect spreads.

22 Sept, 00:01 IST · Market event · high impact

Lenskart Bulk Deal: AIDIA Arm Pares Stake Worth Rs 2,930 Crore

A big Abu Dhabi investor sold Rs 2,930 crore of eyewear seller Lenskart, hurting current holders on a likely dip while letting new buyers buy cheaper.

Consumer DurablesConsumer Services

Who it hits first

  • Lenskart Solutions, the eyewear retailer, faces selling pressure after an Abu Dhabi investor arm sold Rs 2,930 crore of its shares in one block.
  • The seller cut its holding to 7.76% from 9.77%, putting about 2 points of the company into new hands at once.
  • The share price will likely dip while buyers absorb the extra supply, though Lenskart shops and sales are unchanged.

Who may gain

  • Institutional buyers who took the Rs 2,930 crore block, likely at a discount to the market price
  • New buyers who can pick up Lenskart shares cheaper if the stock dips after the sale
  • Traders supplying liquidity around the block who earn spreads as shares change hands

Along the supply chain

Downstream

No downstream change — Lenskart stores and online sales run as before, since only the shareholder list changed.

Upstream

No direct supply-chain link — purely capital-flow event; makers of lenses and frames see no change in orders.

Where demand moves

Business

No change in customer demand for glasses — this is a sale of shares between investors, not a change in Lenskart stores, prices or sales.

Capital

Rs 2,930 crore of Lenskart shares moved from the ADIA arm to new holders, creating extra supply that can push the price down until absorbed, with ADIA still holding 7.76%.

How it spreads across sectors

Consumer Durables

Negligible effect — an eyewear share sale has no link to demand for paints, appliances or jewellery.

Consumer Services

Mild sentiment drag on retail peers such as Trent and Vedant Fashions as a big block reminds investors of extra share supply, but shopper demand is unchanged.

When it plays out

Immediate

1-7 days: Lenskart dips on block supply and discount talk while peers wobble slightly; volume stays high.

Medium term

1-6 months: price driven again by Lenskart sales and profits; overhang fades unless ADIA sells more.

Short term

1-4 weeks: Lenskart steadies as the placed block settles and the ADIA 7.76% remainder overhang is priced; peers decouple.

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

21 Sep 2026unspecified₹7.75
28 Aug 2025unspecified₹8
23 Aug 2024unspecified₹8.5
17 Aug 2023unspecified₹9
30 Aug 2022unspecified₹5

Splits, bonuses & buybacks

  • daily-prices repair: 8 rows from NSE's archive (replace 2, delete 1, insert 5), 2023-11-12..2026-02-01 (docs/flat_day_repair.md)1× · 12 Nov 2023

Bulk & block deals

DateWhoBought / soldSharesPrice
25 Aug 2026SBI MUTUAL FUNDSELL36,31,027₹536.50
25 Aug 2026SBI MUTUAL FUNDBUY36,30,820₹536.50
4 Aug 2026MICROCURVES TRADING PRIVATE LIMITEDBUY18,81,065₹473.50
4 Aug 2026MICROCURVES TRADING PRIVATE LIMITEDSELL18,81,065₹474.00
4 Aug 2026NK SECURITIES RESEARCH PRIVATE LIMITEDBUY12,39,806₹474.37
4 Aug 2026NK SECURITIES RESEARCH PRIVATE LIMITEDSELL12,39,806₹474.59

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.