Campus Activewear Ltd. (CAMPUS) AI Stock Analysis

• Market Cap: ₹77.25B
• Dividend Yield: 0.39%
• Average Volume (3M): 17.33K
• Price to Earnings (P/E): 62.4
• Beta (1Y): 1.03
• Revenue Growth: 9.42%
• EPS Growth: 27.12%
• Country: IN
• Employees: 1,380
• Sector: Consumer Defensive
• Sector Strength: 42
• Industry: Apparel - Footwear & Accessories
• EPS (TTM): 0.70
• Shares Outstanding: 305,530,330
• 10 Day Avg. Volume: 32,725
• 30 Day Avg. Volume: 17,333
• PEG Ratio: 1.65
• Price to Book (P/B): 9.40
• Price to Sales (P/S): 4.46
• P/FCF Ratio: 40.38
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 73 Outperform
• Price Target: ₹276.00 ▲(6.98% Upside)

Campus Activewear Ltd. demonstrates strong financial performance with robust revenue growth and effective cash flow management, which are the most significant factors contributing to the score. The technical analysis indicates a positive trend, although the valuation suggests the stock is highly priced, which could limit upside potential.

Positive Factors

Revenue growth trajectory

Consistent revenue expansion indicates expanding market penetration and successful brand traction in India. Durable top-line growth supports scale economies, funds brand investment and product development, and provides a foundation for sustainable margin and cash-flow improvement over the medium term.

Strong operating cash generation

Persistent operating cash generation means the company funds working capital and capex from operations, limiting reliance on external financing. This strengthens resilience, supports reinvestment in distribution and inventory, and cushions the business during demand cyclicality over multiple quarters.

Healthy balance sheet and manageable leverage

Rising equity and reasonable leverage provide financial flexibility to pursue expansion, absorb shocks, and maintain supplier and distributor relationships. A stable capital structure improves access to credit and supports long-term strategic initiatives like retail or DTC scaling without excessive refinancing risk.

Negative Factors

Moderate equity ratio

A moderate equity ratio leaves a thinner capital buffer against downturns and may constrain the company’s ability to take on growth investments or withstand sharp demand shocks without raising external capital. Improving equity depth would enhance long-term stability and credit profile.

Historical revenue volatility (2023 dip)

Intermittent revenue declines show the business remains sensitive to demand swings and seasonal cycles. For a consumer footwear brand, such volatility can lead to inventory mismatches, margin pressure and uneven cash flow, complicating multi-quarter planning and capital allocation decisions.

Input cost and seasonality exposure

Material and freight cost sensitivity and concentrated seasonal demand create structural margin and working-capital risk. Persistent commodity or logistics inflation and concentrated selling seasons can compress margins and force higher inventory levels, affecting medium-term profitability and cash conversion.

Campus Activewear Ltd. Business Overview & Revenue Model

Company Description

Campus Activewear Limited manufactures, distributes, and sells sports and athleisure footwear products for men, women, and kids and children in India and internationally. The company offers running, walking, and casual shoes; casual and sports sandals and floaters; slippers, flip flops, and slides; and accessories, such as backpacks, caps, and socks under the CAMPUS brand name. As of September 30, 2021, it operated 48 company owned and operated stores and 3 franchises. The company distributes its products through multi-brand outlets, e-commerce platforms, and exclusive brand outlets. Campus Activewear Limited was founded in 2005 and is based in New Delhi, India.

How the Company Makes Money

Campus Activewear Ltd. generates its revenue primarily through the sale of its footwear products. The company operates a robust distribution network that includes company-owned retail outlets, a wide range of multi-brand stores, and e-commerce platforms. CAMPUS benefits from its strong brand presence and marketing strategies, which help to drive consumer demand. Additionally, the company may engage in strategic partnerships and collaboration with other brands or retailers to expand its market reach and enhance product offerings. As a result, CAMPUS is able to capitalize on the growing trend of athleisure and increased consumer spending on lifestyle and fitness products.

Campus Activewear Ltd. Financial Statement Overview

Summary

Campus Activewear Ltd. displays strong financial health characterized by robust revenue growth, efficient cost management, and effective cash flow generation. The company maintains a solid balance sheet with manageable leverage, although there's room for improvement in the Equity Ratio.

Income Statement

Campus Activewear has shown a strong revenue growth trajectory with Total Revenue increasing consistently over the years. The Gross Profit Margin and Net Profit Margin have improved, indicating efficient cost management and enhanced profitability. The company has also achieved a robust EBIT and EBITDA margin, suggesting solid operating performance. However, the slight decline in revenue in 2023 suggests some volatility, which should be monitored.

Balance Sheet

The company exhibits a healthy balance sheet with increasing Stockholders' Equity, suggesting strong financial health and stability. The Debt-to-Equity ratio is reasonable, indicating manageable leverage. Return on Equity has been positive and shows a favorable trend, reflecting the company's ability to generate returns for its shareholders. However, the Equity Ratio is moderate, which could be improved to strengthen the balance sheet further.

Cash Flow

Operating Cash Flow has been strong, consistently surpassing Net Income, which indicates good cash generation from operations. The Free Cash Flow has shown a positive growth trend, reflecting efficient capital expenditure management. Despite the temporary dip in Free Cash Flow in 2022, the recovery in subsequent years highlights resilience. The Free Cash Flow to Net Income Ratio is healthy, demonstrating effective cash utilization.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	15.97B	15.93B	14.48B	14.84B	11.94B	7.11B
Gross Profit	8.34B	8.26B	7.53B	4.51B	5.92B	3.32B
EBITDA	2.60B	2.58B	2.15B	2.56B	2.44B	1.20B
Net Income	1.18B	1.21B	894.40M	1.17B	1.09B	268.74M
Balance Sheet
Total Assets	0.00	13.05B	10.97B	11.76B	9.60B	6.85B
Cash, Cash Equivalents and Short-Term Investments	1.03B	1.03B	549.80M	239.94M	3.48M	12.05M
Total Debt	0.00	2.32B	1.78B	3.35B	2.89B	1.77B
Total Liabilities	-7.57B	5.49B	4.45B	6.24B	5.33B	3.72B
Stockholders Equity	7.57B	7.57B	6.52B	5.52B	4.28B	3.13B
Cash Flow
Free Cash Flow	0.00	1.76B	2.19B	577.90M	-164.09M	687.49M
Operating Cash Flow	0.00	2.35B	2.64B	1.26B	178.34M	1.24B
Investing Cash Flow	0.00	-1.55B	-744.90M	-696.80M	-340.82M	-89.91M
Financing Cash Flow	0.00	-846.90M	-1.92B	-331.41M	155.25M	-1.29B

Campus Activewear Ltd. Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 258.00
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:CAMPUS, the sentiment is Negative. The current price of 258 is above the 20-day moving average (MA) of 253.09, below the 50-day MA of 260.85, and below the 200-day MA of 268.95, indicating a bearish trend. The MACD of -3.31 indicates Negative momentum. The RSI at 47.76 is Neutral, neither overbought nor oversold. The STOCH value of 52.68 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:CAMPUS.

Campus Activewear Ltd. Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
CAMPUS	73 Outperform	₹77.25B	62.40	―	0.39%	9.42%	27.12%
METROBRAND	69 Neutral	₹286.52B	73.56	―	1.48%	10.30%	-14.28%
Sector *	62 Neutral	$20.33B	14.63	-3.31%	3.23%	1.93%	-12.26%
BATAINDIA	57 Neutral	₹110.51B	64.81	―	0.95%	-0.95%	-50.96%
RELAXO	56 Neutral	₹97.87B	58.32	―	0.75%	-8.39%	-3.74%
KHADIM	54 Neutral	₹3.21B	69.81	―	―	-26.54%	-21.93%
LIBERTSHOE	53 Neutral	₹4.27B	32.18	―	―	―	―

Campus Activewear Ltd. Corporate Events

Campus Activewear Allots 62,873 ESOP Shares, Grants 69,000 New Options Under Vision Pool

Campus Activewear Limited has allotted 62,873 equity shares of Rs 5 each to eligible employees upon exercise of options granted under its Employee Stock Option Plan 2021 and ESOP 2021 – Vision Pool, leading to a marginal increase in its paid-up share capital from Rs 1,52,76,51,660 to Rs 1,52,79,66,025 and the total number of equity shares from 30,55,30,332 to 30,55,93,205. In addition, the Nomination and Remuneration Committee has granted 69,000 new options to one employee under the Vision Pool at an exercise price of Rs 197.16 per share with a four-year vesting at 25% annually, underscoring Campus Activewear’s continued use of equity-based compensation to reward and retain talent while slightly diluting share capital for existing shareholders.

Campus Activewear Allots ESOP Shares and Grants Fresh Options Under Vision Pool

Campus Activewear Limited has allotted 62,873 equity shares under its Employee Stock Option Plan 2021 and ESOP 2021 – Vision Pool to eligible employees following the exercise of vested options, marginally increasing its paid-up share capital to Rs. 1,52,79,66,025, representing 30,55,93,205 equity shares of Rs. 5 each. In addition, the Nomination and Remuneration Committee granted 69,000 new options to a single employee at an exercise price of Rs. 197.16 per share, vesting over four years in equal 25% tranches under the Vision Pool, underscoring the company’s continued reliance on equity-based incentives to reward key talent and potentially dilute existing shareholders slightly while seeking to strengthen management alignment with future performance.