Vedant Fashions Limited (IN:MANYAVAR)
:MANYAVAR
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Vedant Fashions Limited
(MANYAVAR)
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Rating:73Outperform
Price Target:
₹459.00
▼(-20.81% 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
Strong cash generation
Free cash flow tracking net income at ~95–99% indicates very high earnings quality and limited cash leakage. That durable cash conversion funds store expansion, franchise support, capex and shareholder returns, and provides a cushion versus cyclical revenue swings over months.
Negative Factors
Volatile revenue growth
Revenue cyclicality tied to wedding and festival demand creates forecasting and working-capital challenges. Uneven top-line makes sizing inventory and store economics harder, increasing sensitivity of profits and free cash flow to timing of consumer demand over coming quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong cash generation
Free cash flow tracking net income at ~95–99% indicates very high earnings quality and limited cash leakage. That durable cash conversion funds store expansion, franchise support, capex and shareholder returns, and provides a cushion versus cyclical revenue swings over months.
Read all positive factors
Vedant Fashions Limited (MANYAVAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹100.25B
Dividend Yield1.37%
Average Volume (3M)13.31K
Price to Earnings (P/E)26.7
Beta (1Y)0.90
Revenue Growth3.53%
EPS Growth-3.31%
CountryIN
Employees1,064
SectorConsumer Cyclical
Sector Strength84
IndustrySpecialty Retail
Share Statistics
EPS (TTM)16.30
Shares Outstanding242,977,250
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)17.92
Revenue Forecast (FY)₹15.45B
Vedant Fashions Limited Business Overview & Revenue Model
Company Description
Vedant Fashions Limited manufactures, trades, and sells wedding and celebration wear in India Nepal, the United States, Canada, the United Arab Emirates, the United Kingdom, and internationally. The company offers kurta sets, indo-western, sherwan...
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 | 7.22B | 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
Neutral
579.60
Price Trends
425.56
Negative
416.82
Negative
527.12
Negative
Market Momentum
-2.07
Negative
49.27
Neutral
54.09
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANYAVAR, the sentiment is Neutral. The current price of 579.6 is above the 20-day moving average (MA) of 406.71, above the 50-day MA of 425.56, and above the 200-day MA of 527.12, indicating a neutral trend. The MACD of -2.07 indicates Negative momentum. The RSI at 49.27 is Neutral, neither overbought nor oversold. The STOCH value of 54.09 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral 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 | ₹100.25B | 26.69 | ― | 1.37% | 3.53% | -3.31% | |
70 Outperform | ₹1.72T | 66.49 | ― | 0.12% | 17.16% | 11.18% | |
68 Neutral | ₹16.85B | 11.34 | ― | 1.31% | 13.11% | 65.11% | |
64 Neutral | ₹80.80B | 47.80 | ― | ― | 62.75% | 122.24% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | ₹119.37B | 69.20 | ― | ― | ― | ― | |
49 Neutral | ₹20.87B | 44.57 | ― | ― | 37.06% | 218.21% |
* Consumer Cyclical Sector Average
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Vedant Fashions Limited Corporate Events
Vedant Fashions Schedules Virtual One-to-One Meet With Investors and Analysts
Jun 21, 2026
Vedant Fashions Limited has notified the stock exchanges that its officials will hold a virtual one-to-one meeting with institutional investors and analysts on June 24, 2026. The company emphasized that discussions will be confined to information ...
Vedant Fashions Schedules Virtual One-to-One Investor and Analyst Meeting
Jun 16, 2026
Vedant Fashions Limited has informed the stock exchanges that its officials will hold a virtual one-to-one meeting with institutional investors and analysts on June 22, 2026. The company stated that discussions will rely solely on publicly availab...
Vedant Fashions Schedules One-to-One Investor and Analyst Meet in Kolkata
Jun 2, 2026
Vedant Fashions Limited has informed the stock exchanges that its officials will meet institutional investors and analysts in a one-to-one, physical interaction in Kolkata on June 8, 2026. The company has indicated that these engagements are part ...
Vedant Fashions Reschedules Investor and Analyst Meeting to June 5
Jun 1, 2026
Vedant Fashions Limited has notified the stock exchanges that its planned one-to-one physical meeting with investors and analysts has been rescheduled from June 2, 2026 to June 5, 2026. The company emphasized that no unpublished price-sensitive in...
Vedant Fashions Schedules Virtual One-to-One Meet With Investors and Analysts
May 21, 2026
Vedant Fashions Limited has notified the stock exchanges that its officials will hold a virtual one‑to‑one meeting with institutional investors and analysts on May 28, 2026. The company emphasized that discussions will be confined to p...
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...
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.