Vedant Fashions Limited (IN:MANYAVAR)
:MANYAVAR
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Vedant Fashions Limited
(MANYAVAR)
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Rating:61Neutral
Price Target:
₹387.00
▼(-33.23% Downside)
Action:ReiteratedDate:02/19/26
The score reflects strong financial performance and cash generation, but is meaningfully weighed down by very weak technical momentum (price below all major moving averages and bearish MACD). Valuation is somewhat expensive on P/E, with the dividend providing only modest support.
Positive Factors
Strong revenue growth
Sustained revenue expansion more than doubles scale over the 2021–2025 period, reflecting growing market penetration and repeat seasonal demand. Larger scale supports better purchasing economics, inventory throughput, and investment capacity, strengthening long-term competitive positioning.
Negative Factors
Concentration in occasion wear (cyclical)
Heavy reliance on wedding, festival and formal-occasion spending makes revenue and margins sensitive to discretionary consumer cycles and calendar seasonality. Macro weakness or shifts in social patterns could materially reduce demand for core products over multi-quarter horizons.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong revenue growth
Sustained revenue expansion more than doubles scale over the 2021–2025 period, reflecting growing market penetration and repeat seasonal demand. Larger scale supports better purchasing economics, inventory throughput, and investment capacity, strengthening long-term competitive positioning.
Read all positive factors
Vedant Fashions Limited (MANYAVAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹89.21B
Dividend Yield1.37%
Average Volume (3M)13.31K
Price to Earnings (P/E)26.2
Beta (1Y)0.80
Revenue Growth5.77%
EPS Growth-4.37%
CountryIN
Employees754
SectorConsumer Cyclical
Sector Strength84
IndustryApparel - Retail
Share Statistics
EPS (TTM)5.60
Shares Outstanding242,973,100
10 Day Avg. Volume11,929
30 Day Avg. Volume13,308
Financial Highlights & Ratios
PEG Ratio-7.65
Price to Book (P/B)10.43
Price to Sales (P/S)13.44
P/FCF Ratio48.34
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)17.51
Revenue Forecast (FY)₹15.26B
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 makes money primarily by selling branded occasion-wear apparel and accessories under its brand portfolio. Its revenue model is built around (1) retail sales through Exclusive Brand Outlets (EBOs), where it earns revenue from compan...
Vedant Fashions Limited Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
78
Positive
Cash Flow
82
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 14.28B | 13.86B | 13.68B | 13.55B | 10.41B | 5.65B |
| Gross Profit | 10.44B | 10.17B | 9.88B | 10.02B | 7.73B | 4.17B |
| EBITDA | 5.75B | 4.97B | 5.33B | 5.76B | 4.11B | 1.59B |
| Net Income | 3.96B | 3.88B | 4.14B | 4.29B | 3.15B | 1.33B |
Balance Sheet | ||||||
| Total Assets | 0.00 | 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 | 0.00 | 4.83B | 4.44B | 2.93B | 2.79B | 2.10B |
| Total Liabilities | -17.86B | 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
Neutral
579.60
Price Trends
418.38
Negative
506.02
Negative
623.53
Negative
Market Momentum
-17.04
Negative
45.30
Neutral
72.25
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 357.69, above the 50-day MA of 418.38, and below the 200-day MA of 623.53, indicating a neutral trend. The MACD of -17.04 indicates Negative momentum. The RSI at 45.30 is Neutral, neither overbought nor oversold. The STOCH value of 72.25 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 |
|---|---|---|---|---|---|---|---|
64 Neutral | ₹10.39B | 3.10 | ― | 2.83% | 8.10% | 59.25% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
61 Neutral | ₹89.21B | 26.22 | ― | 1.37% | 5.77% | -4.37% | |
59 Neutral | ₹31.11B | -96.49 | ― | 0.27% | 20.41% | -6.50% | |
56 Neutral | ₹58.58B | 65.33 | ― | 0.31% | 10.72% | -115.52% | |
48 Neutral | ₹70.13B | -15.34 | ― | ― | -32.83% | 31.19% | |
48 Neutral | ₹1.43B | 17.32 | ― | ― | -5.67% | 71.26% |
* Consumer Cyclical Sector Average
IN:MANYAVAR
Vedant Fashions Limited
367.15
-409.66
-52.74%
IN:ABFRL
Aditya Birla Fashion and Retail Limited
57.68
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-34.77%
IN:ARVINDFASN
Arvind Fashions Ltd.
438.35
72.53
19.83%
IN:INDTERRAIN
Indian Terrain Fashions Limited
28.29
-3.97
-12.31%
IN:KITEX
Kitex Garments Limited
155.95
-32.69
-17.33%
IN:MONTECARLO
Monte Carlo Fashions Ltd.
500.95
-11.01
-2.15%
Vedant Fashions Limited Corporate Events
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...
Vedant Fashions Sets Analyst Call to Discuss Q3 FY26 Results
Feb 9, 2026
Vedant Fashions Limited has scheduled a conference call with analysts and institutional investors on 13 February 2026 at 3:30 p.m. IST to discuss its financial results and performance outlook for the quarter and nine months ended 31 December 2025....
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.