Vedant Fashions Limited (MANYAVAR) AI Stock Analysis

• Market Cap: ₹179.35B
• Dividend Yield: 1.14%
• Average Volume (3M): 9.61K
• Price to Earnings (P/E): 45.3
• Beta (1Y): 0.51
• Revenue Growth: 10.20%
• EPS Growth: 2.96%
• Country: IN
• Employees: 754
• Sector: Consumer Cyclical
• Sector Strength: 71
• Industry: Apparel - Retail
• EPS (TTM): 2.90
• Shares Outstanding: 242,949,420
• 10 Day Avg. Volume: 9,243
• 30 Day Avg. Volume: 9,611
• PEG Ratio: N/A
• Price to Book (P/B): 0.00
• Price to Sales (P/S): 0.00
• P/FCF Ratio: 0.00
• 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: ₹936.00
• Price Target Upside: 26.79% Upside
• Rating Consensus: Moderate Buy
• Number of Analyst Covering: 2

• Rating: 68 Neutral
• Price Target: ₹872.00 ▲(18.13% Upside)

Vedant Fashions Limited's strong financial performance is the most significant factor, driven by robust revenue growth and effective cash management. Technical analysis indicates a mixed outlook, with medium-term support but short-term weakness. The high P/E ratio suggests the stock may be overvalued, impacting the overall score. The absence of earnings call data and notable corporate events means these factors do not influence the score.

Vedant Fashions Limited Business Overview & Revenue Model

Company Description

Vedant Fashions Limited, commonly known by its flagship brand Manyavar, is a leading Indian company specializing in ethnic wear. The company operates in the fashion and apparel sector, offering a diverse range of traditional and contemporary clothing for men, women, and children. Manyavar is particularly renowned for its premium wedding and celebration wear, which includes sherwanis, kurtas, lehengas, and accessories. The brand is recognized for its quality craftsmanship and stylish designs, appealing to a broad customer base in India and internationally.

How the Company Makes Money

Vedant Fashions Limited generates revenue primarily through the sale of its apparel and accessory products under the Manyavar brand. The company operates a mix of exclusive brand outlets, multi-brand outlets, and an online store, allowing it to reach customers across various channels. Key revenue streams include brick-and-mortar retail sales, e-commerce transactions, and franchise operations. The company has established significant partnerships with retail chains and online platforms to enhance its market presence. Factors such as brand loyalty, seasonal demand for wedding attire, and a strong distribution network contribute to its earnings.

Vedant Fashions Limited Financial Statement Overview

Summary

Vedant Fashions Limited showcases impressive financial performance with strong growth trajectories in revenue and profit margins. The balance sheet reflects stability and effective leverage management, while cash flows indicate robust cash generation capabilities. The company is well-positioned in the apparel retail industry, benefiting from efficient operations and prudent financial strategies, although it should continue monitoring leverage to maintain financial health.

Income Statement

Vedant Fashions Limited exhibits strong revenue growth, increasing from 5,640.75 million in 2021 to 13,864.83 million in 2025. The company maintains high gross profit margins, averaging over 70%, indicating effective cost management. The net profit margin remains robust, although slightly decreasing from 2024, reflecting stable profitability. EBIT and EBITDA margins show consistent improvement, highlighting efficient operations.

Balance Sheet

The company demonstrates a healthy balance sheet with a decreasing debt-to-equity ratio, improving from 0.19 in 2021 to 0.27 in 2025, indicating prudent financial management. The return on equity has been strong, although slightly fluctuating, reflecting good shareholder returns. The equity ratio remains stable, suggesting a solid capital structure.

Cash Flow

Vedant Fashions shows positive free cash flow growth, maintaining a strong operating cash flow to net income ratio, indicating efficient cash management. The free cash flow to net income ratio remains healthy, reflecting the company's capacity to generate cash relative to profits.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	13.86B	13.86B	13.65B	13.55B	10.39B	5.64B
Gross Profit	9.14B	10.17B	9.86B	10.03B	6.94B	3.76B
EBITDA	7.05B	6.43B	7.28B	7.11B	5.46B	3.03B
Net Income	3.88B	3.88B	4.14B	4.29B	3.15B	1.33B
Balance Sheet
Total Assets	27.47B	27.47B	25.09B	21.66B	17.70B	16.26B
Cash, Cash Equivalents and Short-Term Investments	7.26B	7.26B	6.26B	6.28B	4.16B	4.75B
Total Debt	4.83B	4.83B	4.44B	2.93B	2.79B	2.10B
Total Liabilities	9.60B	9.60B	9.07B	7.66B	6.87B	5.34B
Stockholders Equity	17.86B	17.86B	16.02B	14.00B	10.83B	10.91B
Cash Flow
Free Cash Flow	0.00	3.85B	4.79B	4.65B	3.49B	2.40B
Operating Cash Flow	0.00	3.89B	4.83B	4.70B	3.51B	2.53B
Investing Cash Flow	0.00	-158.83M	-1.10B	-2.32B	564.60M	-884.15M
Financing Cash Flow	0.00	-3.77B	-3.62B	-2.32B	-4.10B	-1.66B

Vedant Fashions Limited Technical Analysis

• Technical Analysis Sentiment: Negative
• Last Price: 738.20
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Negative
• MACD: Positive
• RSI: Neutral
• STOCH: 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 738.2 is below the 20-day moving average (MA) of 764.87, below the 50-day MA of 787.06, and below the 200-day MA of 965.47, indicating a bearish trend. The MACD of -14.99 indicates Positive momentum. The RSI at 40.18 is Neutral, neither overbought nor oversold. The STOCH value of 29.45 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

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
MANYAVAR	68 Neutral	₹179.35B	45.26		1.14%	10.20%	2.96%
MONTECARLO	67 Neutral	₹11.37B	14.54		3.63%	6.08%	31.43%
ARVINDFASN	65 Neutral	₹68.52B	76.09		0.32%	7.62%	-124.65%
Sector *	61 Neutral	$17.22B	11.53	-5.99%	3.08%	1.40%	-15.51%
KITEX	53 Neutral	₹33.97B	25.69		0.30%	49.50%	74.50%
INDTERRAIN	48 Neutral	₹1.85B	―		―	-21.08%	-21.25%
ABFRL	46 Neutral	₹89.96B	―		―	-19.17%	37.41%

Vedant Fashions Limited Corporate Events

Vedant Fashions Announces Q1 2025 Financial Results

Vedant Fashions Limited’s Board of Directors approved the unaudited financial results for the quarter ending June 30, 2025. This approval, in compliance with regulatory requirements, reflects the company’s ongoing commitment to transparency and could impact its market positioning by providing stakeholders with updated financial performance insights.

Vedant Fashions Resolves Legal Metrology Violation

Vedant Fashions Limited has resolved a legal issue with the Department of Legal Metrology in Bangalore regarding non-disclosure of manufacturing or packaging dates on a product. The company paid a compounding fee of ₹50,000 to settle the matter, with no further impact on its financial or operational activities.

Vedant Fashions Limited Announces Auditor Appointments

Vedant Fashions Limited has announced changes in its auditors, appointing M/s. M&A Associates as the Secretarial Auditors for a five-year term starting from FY 2025-26, pending shareholder approval. Additionally, M/s. Grant Thornton Bharat LLP has been re-appointed as the Internal Auditor for the financial year 2025-26, indicating the company’s commitment to maintaining robust internal controls and compliance.