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Vedant Fashions Limited
(MANYAVAR)
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Rating:75Outperform
Price Target:
₹652.00
▲(61.63% Upside)
Action:Reiterated
Date:08/11/26
The score is primarily driven by strong financial performance (profitability, disciplined leverage, and high-quality cash flows). Technicals are supportive but tempered by overbought signals, while valuation is a headwind due to the elevated P/E relative to the modest dividend yield.
Positive Factors
Strong Cash Generation
Free cash flow consistently tracking net income indicates strong earnings quality and limited cash leakage. This supports internally funded expansion, shareholder returns, and resilience through demand fluctuations, while reducing reliance on external financing over the next several quarters.
Negative Factors
Uneven Revenue Growth
The uneven growth pattern indicates that revenue momentum is not yet consistently broad-based and may depend on cyclical wedding and festive demand. Such volatility can make store productivity, inventory planning, and the pace of expansion less predictable over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Strong Cash Generation
Free cash flow consistently tracking net income indicates strong earnings quality and limited cash leakage. This supports internally funded expansion, shareholder returns, and resilience through demand fluctuations, while reducing reliance on external financing over the next several quarters.
Read all positive factors
Vedant Fashions Limited (MANYAVAR) vs. iShares MSCI India ETF (INDA)
Market Cap
₹142.51B
Dividend Yield1.36%
Average Volume (3M)249.75K
Price to Earnings (P/E)36.5
Beta (1Y)0.88
Revenue Growth1.95%
EPS Growth-2.63%
CountryIN
Employees1,064
SectorGeneral
Sector StrengthN/A
IndustryApparel - Manufacturers
Share Statistics
EPS (TTM)16.30
Shares Outstanding242,978,240
10 Day Avg. Volume80,219
30 Day Avg. Volume249,750
Financial Highlights & Ratios
PEG Ratio-6.98
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)17.53
Revenue Forecast (FY)₹15.34B
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 makes money primarily by selling branded ethnic and celebration wear through a mix of company-operated stores and franchise/partner-operated outlets, supplemented by sales through other retail channels. Its core revenue stream is p...
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
Positive
403.40
Price Trends
474.13
Positive
449.37
Positive
468.61
Positive
Market Momentum
28.16
Negative
71.73
Negative
77.06
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:MANYAVAR, the sentiment is Positive. The current price of 403.4 is below the 20-day moving average (MA) of 547.90, below the 50-day MA of 474.13, and below the 200-day MA of 468.61, indicating a bullish trend. The MACD of 28.16 indicates Negative momentum. The RSI at 71.73 is Negative, neither overbought nor oversold. The STOCH value of 77.06 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:MANYAVAR.
Vedant Fashions Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
75 Outperform | ₹142.51B | 36.47 | ― | 1.36% | 1.95% | -2.63% | |
71 Outperform | ₹1.50T | 60.72 | ― | 0.22% | 16.92% | 14.21% | |
67 Neutral | ₹104.37B | 58.29 | ― | 0.59% | ― | ― | |
61 Neutral | ₹13.17B | 9.08 | ― | 1.76% | 4.83% | 20.42% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹81.13B | 43.47 | ― | ― | 63.30% | 117.94% | |
49 Neutral | ₹30.43B | 61.57 | ― | ― | 34.89% | 174.22% |
* General Sector Average
IN:MANYAVAR
Vedant Fashions Limited
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Vedant Fashions Limited Corporate Events
Vedant Fashions Reschedules Analyst and Investor Meeting
Sep 4, 2026
Vedant Fashions Limited has notified the stock exchanges that its planned one-to-one virtual meeting with analysts and investors has been rescheduled from September 4, 2026 to September 8, 2026. The company clarified that discussions in this inter...
Vedant Fashions Schedules Investor and Analyst Meetings in Early September 2026
Aug 27, 2026
Vedant Fashions Limited, a Kolkata-based ethnic fashion retailer best known for its Manyavar brand, is listed on both the National Stock Exchange of India and BSE and targets the Indian apparel market through a branded, formal corporate structure....
Vedant Fashions Publishes Q1 FY27 Earnings Call Transcript for Investors
Aug 1, 2026
Vedant Fashions Limited has released the official transcript of its Q1 FY27 earnings conference call held on July 27, 2026, with participation from senior management including the chief financial and chief revenue officers. The call, aimed at anal...
Vedant Fashions Publishes Q1 FY2026 Unaudited Results in Newspapers
Jul 26, 2026
Vedant Fashions Limited has notified the National Stock Exchange of India and BSE that it has published newspaper advertisements containing the unaudited financial results for the quarter ended June 30, 2026. The results have been disseminated thr...
CRISIL Reaffirms Strong Credit Ratings for Vedant Fashions Limited
Jul 2, 2026
CRISIL Ratings Limited has reaffirmed Vedant Fashions Limited’s long-term bank facilities rating at CRISIL AA with a Stable outlook, indicating continued strong credit quality and financial stability for the apparel company. The rating agenc...
Vedant Fashions Reappoints Internal Auditor and Expands ESOP Allotment
Jun 25, 2026
Vedant Fashions Limited’s board has approved the re-appointment of Grant Thornton Bharat LLP as the external internal auditor for the financial year 2026-27, reinforcing its internal control and compliance framework. The decision underscores...
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...
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.