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Vedant Fashions Limited (MANYAVAR.NS)

INR398.80 +1.20 (+0.30%)
IN NSE Consumer Cyclical Specialty Retail
Address Paridhan Garment Park, SDF-1 700015
Kolkata, WB, IN
CEO Ravi Modi
IPO 2022-02-16
ISIN INE825V01034

Explore sections of this company profile

Also trades on Bombay Stock Exchange · MANYAVAR.BO (INR) National Stock Exchange of India · MANYAVAR.NS (INR)
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, sherwani sets, jackets, accessories, jodhpuris suits, and short kurtas for men; lehengas, sarees, stitched suits, crop top lehengas, gowns, and accessories for women; and kurta sets, jacket sets, indo-western outfits, child infant, child accessories, girls’ ghagra choli, girls’ gowns, and girls’ frock for children. It provides its products under the Manyavar, Mohey, Twamev, Diwas, and Mebaz brands through franchised stores, multi-brand outlets, large format stores, and e-commerce. Vedant Fashions Limited was founded in 1999 and is headquartered in Kolkata, India.

Market Cap & Enterprise Value
Merger & Acquisition History

No mergers or acquisitions recorded for this company.

Technical Outlook
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Signal Summary Loading…
Indicator 1D1W2W3W1M
Each column is computed on that timeframe's candles (1D = daily, 1W ≈ weekly, 1M ≈ monthly), not on the same last day. ▲ bullish · ▼ bearish · — neutral. The Net row counts signals per column; hover any cell (or the indicator name) to see the exact rule behind it.
Day Score & sub-scores
Statistical fingerprint & regime detail
Conditional historical analysis
Customize analysis (advanced)
Indicative levels generated algorithmically. Not financial advice.
Risk Profile
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Price Chart
Averages
Trend
Price
Levels
Draw
INR398.80 +1.20 (+0.30%)
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Volume Profile
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Liquidity & share structure
Average Volume
281.2K
Beta
-0.10
Float Shares
60.82M
Free Float %
25.0%
Price Performance
1D5D1M3M6M YTD1Y3Y5Y10YMax
-1.84% +4.41% +16.09% -4.07% -26.94% -20.98% -37.74% -63.90% -50.73% -50.73% -50.73%
Rolling Volatility
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Drawdown
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Relative Strength
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Monthly Returns Heatmap
From To
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Annual Monthly Returns
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Daily Returns Distribution
vs.
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Revenue flow

Revenue by geography

Revenue by segment

From To

Revenue composition

From To

By product

By geography

Financial Statements

Income Statement

Balance Sheet

Cash Flow Statement

Key Metrics

Financial Ratios

Employees

Financial Growth (CAGR)

Market Data

Price Targets & DCF
Current price
398.80
DCF (Unlevered) 590.88 +48.2%
DCF (Levered) 431.29 +8.1%

DCF figures are point estimates: small changes in growth or discount-rate assumptions move them materially. Read them as a reference, not a precise target.

Ratings Trend (MoM) 60% Bullish
Rating 2026-05 Change
Strong Buy 3 0
Buy 3 0
Hold 3 0
Sell 1 0
Strong Sell 0 0
Quality scores
Altman Z-Score
9.02
Safe zone
Piotroski F-Score
3 / 9
Average
MOAT Score
6 / 10
Developing
Composite Rating
C
Overall Score
2 / 5
Medium
DCF Score
4 / 5
High
ROE Score
1 / 5
Low
ROA Score
1 / 5
Low
D/E Score
1 / 5
Low
P/E Score
2 / 5
Medium
P/Book Score
1 / 5
Low
Operational MOAT
✗ Below peers
  • Revenue growth Specialty Retail: +6.4%
    +3.5% Q1'26: +8.7% (vs Q1'25)
  • EPS growth Specialty Retail: +20.6%
    -3.3% Q1'26: +13.0% (vs Q1'25)
  • FCF margin FCF growth · Specialty Retail: +29.3%
    +28.8% Q1'26: +0.0% (vs Q1'25)
  • EBIT margin Specialty Retail: +5.4%
    +32.0% Q1'26: +33.8% (vs Q1'25)
  • ROIC Specialty Retail: +6.5%
    +18.4% Q1'26: +22.1% (vs Q1'25)
  • Share dilution Specialty Retail: +0.1%
    +0.0% Q1'26: +0.1% (vs Q1'25)
  • Debt / EBITDA Net debt/EBITDA · Specialty Retail: 0.14×
    0.73× Q1'26: 0.64× (vs Q1'25)
Valuation Multiples From To
Price Forecast (3Y) From To
Model
Adjust
P/E
Theoretical Return — If Invested Today

* These projections are based on analyst consensus estimates and user-defined valuation multiples. This table is for informational purposes only and does not constitute a recommendation to buy or sell any security. Past performance is not indicative of future results.

DCF Interactive Model (UFCF)
Projection years:
Market assumptions
WACC components (optional)
Ke (Cost of Equity) = Rf + β (0.91) × ERP
WACC = 96% × Ke + 4% × Kd (12.3%) × (1−t)

Modifying these values recalculates WACC automatically.

Business assumptions
Intrinsic value (base): 590.89 Current price: 398.80
Enterprise Value: Equity Value: Terminal Value: TV as % of EV:

Base values reflect the latest available data for this company and market conditions.

Consensus Estimates
Metric Mar 2022
actual
Mar 2023
actual
Mar 2024
actual
Mar 2025
actual
Mar 2026
9 Rev. Ana.
8 EPS Ana.
Mar 2027
10 Rev. Ana.
9 EPS Ana.
Mar 2028
10 Rev. Ana.
9 EPS Ana.
Mar 2029
1 Rev. Ana.
1 EPS Ana.
Revenue
10.41B
est: 10.02B (+3.9%)
13.55B
est: 13.53B (+0.2%)
13.68B
est: 12.96B (+5.5%)
13.86B
est: 14.16B (-2.1%)
14.22B
14.08B – 14.45B
+0.4% YoY
15.25B
14.66B – 16.02B
+7.3% YoY
16.62B
15.47B – 18.24B
+9.0% YoY
17.63B
16.66B – 18.95B
+6.0% YoY
EBITDA
4.11B
est: 3.71B (+10.9%)
5.76B
est: 5.01B (+15.1%)
5.33B
est: 5.81B (-8.2%)
4.97B
est: 6.35B (-21.7%)
6.37B
6.31B – 6.47B
+0.4% YoY
6.83B
6.57B – 7.18B
+7.3% YoY
7.45B
6.93B – 8.17B
+9.0% YoY
7.90B
7.47B – 8.49B
+6.0% YoY
EBIT
4.02B
est: 3.61B (+11.3%)
5.67B
est: 4.87B (+16.3%)
5.23B
est: 4.82B (+8.6%)
4.90B
est: 5.27B (-7.0%)
5.29B
5.24B – 5.37B
+0.4% YoY
5.67B
5.45B – 5.96B
+7.3% YoY
6.18B
5.76B – 6.79B
+9.0% YoY
6.56B
6.20B – 7.05B
+6.0% YoY
Net Income
3.15B
est: 3.14B (+0.4%)
4.29B
est: 4.24B (+1.3%)
4.14B
est: 3.85B (+7.7%)
3.88B
est: 3.96B (-2.0%)
3.90B
3.83B – 3.96B
-1.7% YoY
4.27B
3.95B – 4.60B
+9.7% YoY
4.38B
3.98B – 5.54B
+2.5% YoY
5.17B
4.74B – 5.60B
+18.1% YoY
SGA
1.45B
est: 1.46B (-0.8%)
1.77B
est: 1.97B (-10.3%)
1.89B
est: 2.03B (-6.9%)
2.12B
est: 2.22B (-4.4%)
2.23B
2.20B – 2.26B
+0.4% YoY
2.39B
2.30B – 2.51B
+7.3% YoY
2.60B
2.42B – 2.86B
+9.0% YoY
2.76B
2.61B – 2.97B
+6.0% YoY
EPS
12.90
est: 12.90 (+0.0%)
17.68
est: 17.44 (+1.4%)
17.06
est: 15.84 (+7.7%)
15.99
est: 16.74 (-4.5%)
16.02
15.75 – 16.30
-4.3% YoY
17.39
16.23 – 18.92
+8.6% YoY
19.30
16.36 – 22.78
+11.0% YoY
21.00
19.51 – 23.04
+8.8% YoY
Historical Ratings (3M)
Date Rating Overall DCF ROE ROA D/E P/E P/B
2026-05-08 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-07 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-06 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-05 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-05-04 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-30 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-29 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-28 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-27 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-24 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-23 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-22 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-21 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-20 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-17 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5
2026-04-16 C 2/5 4/5 1/5 1/5 1/5 2/5 1/5

Owner Earnings

Owner's Earnings (history) From To
Owner alignment
Owner's Earnings TTM
785.16M
OE per share TTM
3.24
Owner's Yield
0.71%
Maintenance CapEx ratio
1.62%
Maint CapEx / Avg PPE
38.3%

Ownership Overview

Ownership breakdown

Ownership breakdown not available.

At a glance
Institutional holders
Total invested
Insider transactions (90d)
0
Beneficial owners (>5%)
0
Beneficial owners (>5%)

No beneficial ownership filings recorded.

Institutional Activity (13F)

Institutional ownership trend

Institutional history not available.

Top institutional holders

Top holders not available.

ETF Ownership

Top ETFs holding this stock Held by 3 ETFs in our universe
# ETF Weight Est. AUM exposure TER
1 WisdomTree Emerging Markets SmallCap Dividend Fund DGS 0.02% 426.0K 0.58%
2 WisdomTree Emerging Markets SmallCap Dividend UCITS ETF DGSD.L 0.01% 5.7K 0.54%
3 Schwab Emerging Markets Equity ETF SCHE 0.00% 285.9K 0.06%

Insider Activity

Insider Activity — Latest Quarter

No insider activity available.

Insider buys vs sells (history)

Insider history not available.

Recent insider transactions

No recent insider transactions.

Executive team

Top executives
EBIT / Employee
4.31M
Shares Outstanding
242.97M

Executive compensation

Executive compensation (annual)

Executive compensation not available.

CEO compensation breakdown

No CEO compensation history available.

Proxy statements

Proxy statements (DEF 14A)

No proxy statements available for this company yet.

Recent SEC filings

Recent SEC filings

No SEC filings available for this company yet.

Executive team

NameTitleCompensationGender
Ravi Modi Founder, Chairman & MD 35M male
Shilpi Modi Whole-time Director 23M female
Rahul Murarka Chief Financial Officer 9M male
Ajay Modi Chief Supply Chain Officer 4M male
Navin Pareek Company Secretary & Compliance Officer 4M male
Anand Narang Chief Marketing & Digital Officer male
S. Arif Raza Chief of Retail Business Development & Projects male
Amar Sethia Chief Product Officer male
Sushil Kumar Agarwal Chief Information Officer male
Vedant Modi Chief Revenue Officer male
ESG Score History

No data available for this company.

Senate Trading Activity

No Senate trading activity found for this company.

House Trading Activity

No House trading activity found for this company.

Market share among peers
Peer comparison — filtered group (TTM)
Your opinion

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Dividend yield history

Dividend history

Earnings history

Earnings reports

Stock splits