Vedant Fashions Limited (IN:MANYAVAR)
:MANYAVAR
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Vedant Fashions Limited
(MANYAVAR)
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Rating:73Outperform
Price Target:
₹509.00
▼(-12.18% Downside)
Action:Upgraded
Date:05/11/26
The score is primarily driven by strong financial performance (profitability, disciplined leverage, and high-quality cash flows). Technicals are moderately positive short-term but remain mixed versus longer-term moving averages, while valuation looks somewhat demanding at a 26.22 P/E with a modest 1.75% yield.
Positive Factors
Cash generation quality
FCF tracking ~95%–99% of net income indicates high earnings quality and limited cash leakage. Durable strong cash generation supports franchise roll‑outs, working capital, dividends or debt paydown and underpins financial flexibility across business cycles.
Negative Factors
Revenue volatility / cyclicality
Cyclical, occasion-driven demand produced uneven revenue trends, complicating near-term planning for inventory, franchise support and marketing. Persistent volatility can make margin and cash flow forecasting harder and raise the risk of over/under‑investment in stores.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash generation quality
FCF tracking ~95%–99% of net income indicates high earnings quality and limited cash leakage. Durable strong cash generation supports franchise roll‑outs, working capital, dividends or debt paydown and underpins financial flexibility across business cycles.
Read all positive factors
Vedant Fashions Limited (MANYAVAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹100.88B
Dividend Yield1.37%
Average Volume (3M)13.31K
Price to Earnings (P/E)22.7
Beta (1Y)0.90
Revenue Growth3.53%
EPS Growth-3.31%
CountryIN
Employees754
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)16.30
Shares Outstanding242,973,100
10 Day Avg. Volume11,929
30 Day Avg. Volume13,308
Financial Highlights & Ratios
PEG Ratio-6.85
Price to Book (P/B)4.34
Price to Sales (P/S)5.94
P/FCF Ratio17.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)17.46
Revenue Forecast (FY)₹15.30B
Vedant Fashions Limited Business Overview & Revenue Model
Company Description
Vedant Fashions Limited engages in manufacture and trading of wedding and celebration wear in India and internationally. The company's products include men's ethnic and celebration wear items, such as Indo-western, sherwanis, and kurtas; jackets a...
How the Company Makes Money
Vedant Fashions primarily makes money by selling branded occasion-wear apparel and accessories under its labels through a predominantly franchise-led retail model. A significant portion of revenue is generated from sales made at exclusive brand ou...
Vedant Fashions Limited Financial Statement Overview
Summary
Income Statement
78
Positive
Balance Sheet
82
Very Positive
Cash Flow
86
Very Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.28B | 14.35B | 13.86B | 13.68B | 13.55B | 10.41B |
| Gross Profit | 10.44B | 7.78B | 10.17B | 9.88B | 10.02B | 7.73B |
| EBITDA | 5.75B | 6.28B | 4.97B | 5.33B | 5.76B | 4.11B |
| Net Income | 3.96B | 3.76B | 3.88B | 4.14B | 4.29B | 3.15B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 28.53B | 27.47B | 25.09B | 21.66B | 17.70B |
| Cash, Cash Equivalents and Short-Term Investments | 7.26B | 5.37B | 7.26B | 6.26B | 6.28B | 4.16B |
| Total Debt | 0.00 | 4.58B | 4.83B | 4.44B | 2.93B | 2.79B |
| Total Liabilities | -17.86B | 8.88B | 9.60B | 9.07B | 7.66B | 6.87B |
| Stockholders Equity | 17.86B | 19.64B | 17.86B | 16.02B | 14.00B | 10.83B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 5.01B | 3.85B | 4.79B | 4.65B | 3.49B |
| Operating Cash Flow | 0.00 | 5.14B | 3.89B | 4.83B | 4.70B | 3.51B |
| Investing Cash Flow | 0.00 | -1.34B | -158.83M | -1.10B | -2.32B | 564.60M |
| Financing Cash Flow | 0.00 | -3.86B | -3.77B | -3.62B | -2.32B | -4.10B |
Vedant Fashions Limited Technical Analysis
Negative
579.60
Price Trends
403.23
Positive
452.71
Negative
569.85
Negative
Market Momentum
7.13
Positive
49.30
Neutral
23.95
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANYAVAR, the sentiment is Negative. The current price of 579.6 is above the 20-day moving average (MA) of 444.45, above the 50-day MA of 403.23, and above the 200-day MA of 569.85, indicating a neutral trend. The MACD of 7.13 indicates Positive momentum. The RSI at 49.30 is Neutral, neither overbought nor oversold. The STOCH value of 23.95 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:MANYAVAR.
Vedant Fashions Limited Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹100.88B | 22.70 | ― | 1.37% | 3.53% | -3.31% | |
73 Outperform | ₹1.46T | 78.30 | ― | 0.12% | 17.16% | 11.18% | |
68 Neutral | ₹15.73B | 9.44 | ― | 1.31% | 13.11% | 65.11% | |
63 Neutral | ₹26.48B | 26.94 | ― | ― | 37.06% | 218.21% | |
62 Neutral | ₹83.19B | 20.98 | ― | ― | 64.60% | 115.66% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | ₹123.88B | 62.45 | ― | ― | ― | ― |
* Consumer Cyclical Sector Average
IN:MANYAVAR
Vedant Fashions Limited
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-42.49%
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Vedant Fashions Limited Corporate Events
Vedant Fashions Publishes Audited FY26 Results in Leading Dailies
May 9, 2026
Vedant Fashions Limited has published audited financial results for the quarter and full year ended 31 March 2026, and has released statutory newspaper advertisements detailing these figures in The Economic Times (all-India) and Bengali daily Sang...
Vedant Fashions to brief investors on Q4 and FY26 performance in May 11 call
May 6, 2026
Vedant Fashions Limited, a leading Indian ethnic and wedding-wear retailer under the Manyavar brand, has notified the exchanges of an upcoming conference call with analysts and institutional investors. The company operates in the organized apparel...
Vedant Fashions pays ₹50,000 compounding fee for Legal Metrology lapse
Mar 25, 2026
Vedant Fashions Limited has disclosed that a retail outlet in Varanasi was cited by the Department of Legal Metrology for non-disclosure of product size on the label of a pocket square, in violation of the Legal Metrology Act, 2009 and related pac...
Vedant Fashions Closes Trading Window Ahead of Year-End Results
Mar 23, 2026
Vedant Fashions Limited has announced the closure of its trading window for designated persons and their immediate relatives from March 26, 2026, until 48 hours after the declaration of its financial results for the quarter and year ending March 3...
Vedant Fashions Schedules Virtual One-to-One Meeting With Investors and Analysts
Mar 5, 2026
Vedant Fashions Limited has notified stock exchanges that its officials will hold a virtual one-to-one meeting with institutional investors and analysts on March 10, 2026. The company indicated that discussions will rely solely on publicly availab...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.