MANYAVARConsumer Services

Vedant Fashions Limited

Speciality Retail · ISIN INE825V01034 · BSE 543463 · NSE EQ · FV ₹1
Last price
₹568
+2.33%today
What this company does

Vedant Fashions Limited operates in Speciality Retail, part of the Consumer Services sector. It booked ₹268 cr of revenue in its latest quarter (Q2 FY25) and kept 25.0% of sales as profit. It is the 4th largest of 9 Speciality Retail companies we track, by market value.

The Company is primarily engaged in manufacturing, trading and sale of readymade ethnic wear for men, women and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev and Diwas.
Their stated mission

To be a dominant player in Our values: Creating, Our vision: the Indian wedding enhancing, nurturing, Instil pride and celebration wear inspiring and in wearing Indian space across genders ornamenting respect.

In the report:
72out of 100
Equitytale Health Score
Solid

Healthier than 72% of companies in Consumer Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 39–46 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
61

At close. Not part of the score.

Profitability & returns74

How much profit it earns on the money it employs

Balance sheet85

How much it owes, and whether earnings cover the interest

Cash quality62

Whether reported profit actually arrives as cash

Valuation44

What today's price implies, against our models or its peers

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Looks broadly healthyPriced in line with peers
Strengths
Makes a profit
Strong 25% net margin
Sales up 23% vs last year
Profit up 37% vs last year
Promoters hold 75%
No promoter shares pledged
Strong 18% return on equity
Virtually debt-free
Turns profit into real cash
Watch-outs
None flagged from our data

What if I invest in MANYAVAR?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 15% a year, it would become
₹26.30 lakh

The slider starts at 15%, taken from this company's own free-cash-flow trend. That is history, not a forecast — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹568 +2.33%
latest close · 2026-09-17
52-wk low ₹396133 sessions so far52-wk high ₹1,144
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio51.6High
LowAverageHigh
P/B ratio9.03High
Below bookModerateHigh
EV / EBITDA24.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity17.5%Strong
WeakFairStrong ▸15%
Return on capital20.0%Strong
WeakFairStrong
Net margin25.0%Strong
ThinDecentStrong
EBITDA margin52.7%Healthy
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover7.6×Strong
RiskyOkayStrong ▸5×
Current ratio4.02Ample
Tight ◂1HealthyAmple
More figures
Market cap
₹13,788 cr
Book value
₹63
EPS
₹2.75
latest quarter
Net debt
₹-44 cr
more cash than debt
Enterprise value
₹13,744 cr
EBITDA
₹565 cr
annualised
EBIT
₹416 cr
annualised
Operating margin
38.8%
Return on assets
10.9%
Earnings yield
1.94%
P/S
12.86
Sales / share
₹44.1
Tax rate
25.8%
Face value
₹1
Shares
24.3 cr
Working capital
₹1,172 cr
Current assets
₹1,560 cr
Current liabilities
₹388 cr
Delivery %
42.9%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-09-17.

Worth vs price · from the FY 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹142₹191, midpoint ₹155

An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.

P&L · Q2 FY25 (consolidated)
Revenue from Operations₹268 cr
Other Income₹19 cr
Total Income₹287 cr
Cost of Materials₹44 cr
Purchases of Stock-in-Trade₹50 cr
Inventory Change (±)₹-28 cr
Employee Benefit Expense₹14 cr
Finance Costs₹14 cr
Depreciation & Amortisation₹37 cr
Other Expenses₹66 cr
Total Expenses₹197 cr
Profit before Tax₹90 cr
Tax Expense₹23 cr
Net Profit₹67 cr
Net margin on total income23.3%
Where the money goes · Q2 FY25
% of total income
Materials + stock-in-trade₹66 cr22.9%
Employee benefit expense₹14 cr5.0%
Finance costs₹14 cr4.8%
Depreciation & amortisation₹37 cr13.0%
Other expenses₹66 cr22.8%
Tax expense₹23 cr8.1%
Profit for the period₹67 cr23.3%
Total income ₹287 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY24Q1 FY25Q2 FY25
Revenue363 cr240 cr268 cr
Total income387 cr261 cr287 cr
Expenses239 cr178 cr197 cr
Profit before tax148 cr83 cr90 cr
Tax32 cr21 cr23 cr
Net profit (owners' share)116 cr62 cr67 cr
Net margin (owners' share, on revenue)31.9%26.1%25.0%
EPS (₹)4.772.572.75
YoY (latest quarter): total income +23.0% · net profit +37.3%
Balance sheet & cash flow · as of Sep 2024
Debt-free
Total assets
₹2,463 cr
Shareholder equity
₹1,528 cr
parent shareholders
Total debt
₹0 cr
Cash
₹44 cr
Cash flow · H1 FY25
Operating
₹79 cr
Investing
₹233 cr
Financing
₹-290 cr
Peer comparison
Speciality Retail · by market value
CompanyPriceMarket capP/E
Trent Limited₹2,789₹1.49 L cr71.7
Lenskart Solutions Limited₹680₹1.18 L cr132.8
Arvind Fashions Limited₹425₹15,648 cr141.7
Vedant Fashions Limitedthis company₹568₹13,788 cr51.6
Aditya Birla Lifestyle Brands Limited₹82₹10,058 cr85.8
Aditya Vision Limited₹633₹8,175 cr26.5
V2 Retail Limited₹210₹7,672 cr45.7
Aditya Birla Fashion and Retail Limited₹50₹6,158 cr
Shankara Buildpro Limited₹1,245₹3,019 cr21.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
trailing 12 months
Dividend / share (TTM)
Last dividend
₹8
ex 28 Aug 2025
ActionDetailEx-date
Dividend₹8 / share28 Aug 2025
Dividend₹8.5 / share23 Aug 2024
Dividend₹9 / share17 Aug 2023
Dividend₹5 / share30 Aug 2022
Who owns it · 2026-06-30
No pledge
Promoter
74.9%
FII / Foreign
8.0%
DII / Domestic
13.2%
Retail / others
3.9%
Smart-money activity
Insider trades
SoldRAVI MODI FAMILY TRUST · Promoters1.23 cr · ₹1493.0 cr18 May 23
SoldRAVI MODI FAMILY TRUST · Promoters1.17 cr · ₹1418.7 cr18 May 23
Bulk / block deals
SoldSBI MUTUAL FUND · NSE36.31 L @ ₹536.525 Aug 26
BoughtSBI MUTUAL FUND · NSE36.31 L @ ₹536.525 Aug 26
SoldNK SECURITIES RESEARCH PRIVATE LIMITED · NSE12.40 L @ ₹474.594 Aug 26
Stake changes
SoldRAvi Modi Family Trust (acing through its trustee, Modi Fiduciary Services Private Limited) · promoter→ 75.00% · 2.40 cr19 May 23
What shareholders were asked to approve

A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.

Yearly shareholder meeting · 4 Sep 2025
See the official result
1
Adoption of Audited Financial Statements of the Company for the financial year ended March 31, 2025 and the Reports of the Board of Directors and Auditors thereon.
Backed by 100% of shareholders other than promotersneeded 50%
4.45 cr votes for, 1.07 L against · 0% of mutual funds and other big investors said no
2
Declaration of Dividend.
Backed by 99% of shareholders other than promotersneeded 50%
4.42 cr votes for, 3.97 L against · 1% of mutual funds and other big investors said no
3
Re-appointment of Mr. Ravi Modi, as a Director liable to retire by rotation.
Promoters had a personal stake in this
Backed by 64% of shareholders other than promotersneeded 50%
2.84 cr votes for, 1.62 cr against · 37% of mutual funds and other big investors said no
4
Appointment of Secretarial Auditor.
Backed by 91% of shareholders other than promotersneeded 50%
4.08 cr votes for, 38.20 L against · 9% of mutual funds and other big investors said no

Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.

Who controls this company, and what it pays them

Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.

The promoter group — 5 named members
owning 74.9% between them · as of 2026-06-30
Ravi Modi Family Trust (acting through its trustee, Modi Fiduciary Services Private Limited)57.15%
RAVI MODI HUF16.00%
SHILPI MODI1.09%
RAVI MODI0.69%
USHA DEVI MODIno shares

Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.