Vedant Fashions Limited

NSE: MANYAVAR · Consumer Services

₹472.80-6.51%06 Nov 2026

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Instant answers about Vedant Fashions Limited — computed from its filings, no language model

Market cap₹11,488 cr

Current price₹472.80

High / Low₹672 / ₹337

P/E29.8

P/B5.47

Book value₹86.4

ROE18.4%

ROCE26.8%

Debt / equity0.00

Dividend yield1.69%

EPS (TTM)₹15.89

Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

	FY22	FY23	FY24	FY25	FY26
Revenue	1,009	1,326	1,365	1,386	1,435
EBITDA	480	658	657	643	628
Operating margin	47.6%	49.6%	48.1%	46.3%	43.8%
Interest	27	30	44	55	56
Depreciation	88	97	132	153	170
Profit before tax	414	567	548	520	496
Tax	105	144	134	131	120
Net profit	308	423	415	388	376
EPS ₹	12.63	17.42	17.07	15.99	15.46
Operating cash flow	341	459	478	389	481
Capex	2	5	4	3	12
Dividend paid	0	121	218	206	194
Total assets	—	2,161	2,503	2,747	2,853
Equity	—	1,395	1,597	1,786	1,964

Quarterly performance

last 20 quarters · ₹ crore

showing latest 8 of 20 periods

	DEC '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	373	289	317	242	431	336	311	218	474	362	239	268	511	367	281	263	492	399	301	269
Operating profit	186	140	160	113	219	166	148	93	242	175	112	122	242	166	121	111	218	179	131	105
Operating margin	49.8%	48.5%	50.3%	46.8%	50.9%	49.3%	47.6%	42.6%	51.0%	48.2%	47.0%	45.5%	47.4%	45.1%	42.9%	42.1%	44.4%	44.8%	43.5%	39.0%
Other income	11	11	7	9	9	12	15	15	15	24	21	19	22	22	26	20	21	26	30	23
Interest	7	8	7	7	7	8	9	11	11	13	14	14	14	14	14	15	14	13	13	13
Depreciation	23	25	25	23	23	26	29	32	34	38	37	37	39	39	40	42	44	44	42	41
Profit before tax	167	118	135	92	197	143	124	65	212	147	83	90	212	135	93	74	181	148	106	74
Tax	42	30	35	23	50	36	32	16	54	32	21	23	54	34	22	18	46	34	25	18
Net profit	125	87	100	69	147	107	92	49	158	116	62	66	158	101	70	56	135	114	81	56
EPS ₹	5.11	3.58	4.12	2.84	6.05	4.41	3.80	2.02	6.49	4.76	2.55	2.73	6.50	4.16	2.89	2.31	5.55	4.71	3.32	2.31
Revenue YoY	—	—	—	—	15.5%	16.3%	-1.9%	-10.0%	10.0%	7.8%	-23.0%	22.8%	8.0%	1.4%	17.4%	-1.6%	-3.8%	8.7%	7.2%	2.4%
Profit YoY	—	—	—	—	17.5%	22.5%	-7.6%	-29.0%	7.3%	8.0%	-32.9%	35.5%	0.2%	-12.5%	13.4%	-15.5%	-14.6%	13.0%	14.7%	0.2%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 17 periods

	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	33.6%	35.5%	30.3%	29.8%	29.9%	30.7%	26.0%	24.1%	26.4%	26.4%	21.7%	22.2%	22.4%	21.1%	19.1%	19.6%	18.4%
ROCE	47.8%	50.4%	42.8%	42.2%	42.7%	44.1%	37.1%	34.8%	38.3%	38.5%	32.1%	32.7%	33.1%	31.3%	28.1%	28.7%	26.8%
Net margin	31.2%	31.5%	31.9%	31.5%	30.5%	30.3%	30.4%	29.7%	29.9%	29.1%	28.0%	27.7%	27.1%	25.8%	26.2%	26.5%	26.4%
EBITDA margin	49.1%	49.4%	49.6%	49.0%	48.3%	48.4%	48.1%	48.1%	48.4%	47.2%	46.3%	45.6%	44.9%	43.8%	43.8%	43.9%	43.3%
Debt / equity	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Interest coverage	17.91	18.89	19.68	18.24	15.88	14.75	13.33	11.34	11.21	10.69	10.39	10.53	10.05	9.50	9.80	10.23	10.60
Asset turnover	0.67	0.70	0.61	0.61	0.62	0.64	0.55	0.52	0.55	0.56	0.50	0.52	0.54	0.54	0.50	0.51	0.50

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	24	24	24	24	24	24	24	24	24
Other equity / reserves	1,110	1,371	1,299	1,573	1,498	1,762	1,697	1,940	2,075
Total equity	1,135	1,395	1,324	1,597	1,522	1,786	1,721	1,964	2,099
Borrowings	0	0	0	0	0	0	0	0	0
Current liabilities	358	396	331	371	385	400	381	378	389
Non-current liabilities	324	370	449	534	548	560	518	510	464
Total assets	1,816	2,161	2,103	2,503	2,455	2,747	2,620	2,853	2,952
Property, plant & equipment	309	349	423	496	510	521	504	493	435
Capital work-in-progress	1	2	0	0	0	0	0	0	1
Investments	497	793	638	958	760	1,051	918	1,214	1,092
Inventories	183	173	153	138	172	202	186	145	145
Receivables	437	473	537	565	611	619	643	651	723
Cash & equivalents	12	8	7	22	44	17	6	11	3

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	341	459	478	389	481
Cash from investing	62	-228	-104	-16	-102
Cash from financing	-406	-226	-361	-377	-386
Capex	2	5	4	3	12
Free cash flow	339	454	474	385	469
Dividends paid	0	121	218	206	194

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹435 cr15%

CWIP

₹1 cr0%

Investments

₹1,092 cr37%

Inventories

₹145 cr5%

Receivables

₹723 cr24%

Cash & equivalents

₹3 cr0%

Other assets

₹555 cr19%

Peer comparison

largest in Consumer Services · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Eternal Ltd.	3,34,461	363.15	678.4	10.69	1.6%
Avenue Supermarts Ltd.	2,23,396	3,425.00	71.7	8.56	11.9%
Trent Ltd.	1,64,172	3,079.00	86.6	21.13	24.4%
Indian Hotels Co. Ltd.	1,26,398	888.00	57.2	9.27	16.2%
Lenskart Solutions Ltd.	1,26,056	724.75	161.6	13.52	8.4%
Meesho Ltd.	1,08,067	233.48	—	25.69	-21.9%
FSN E-Commerce Ventures Ltd.	1,01,110	353.00	313.5	61.10	19.5%
Info Edge (India) Ltd.	77,285	1,191.90	43.8	1.67	3.8%
Swiggy Ltd.	50,087	191.17	—	2.95	-21.1%
Vishal Mega Mart Ltd.	44,037	94.00	77.0	5.58	7.2%
Vedant Fashions Limited	11,488	472.80	29.8	5.47	18.4%

StoxGud checklist: Bullish setup · 7/10

Price above 50-day average
Price above 200-day average
50-day average above 200-day (uptrend)
RSI in healthy 40–70 zone
Positive 1-year return
Return on equity above 15%
Debt to equity below 1
Revenue growing year on year
Net profit margin above 10%
P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month-5.5%

6 months+6.0%

1 year-31.0%

3Y CAGR-28.7%

5Y CAGR—

10Y CAGR—

50-day avg₹525.74

200-day avg₹454.21

RSI (14)31

FAQs

What is the share price of Vedant Fashions Limited?

Vedant Fashions Limited (MANYAVAR) closed at ₹472.80 on NSE on 06 Nov 2026.

What is the market cap of Vedant Fashions Limited?

₹11,488 crore at the latest close.

What is the P/E ratio of Vedant Fashions Limited?

29.8, on trailing-twelve-month earnings from its filings.

How fast is Vedant Fashions Limited growing?

Vedant Fashions Limited: revenue has compounded at 2.7% a year over three years; net profit at -3.9% a year. Latest-quarter revenue is up 2.4% year on year, profit up 0.2%.

How profitable is Vedant Fashions Limited?

On a trailing-twelve-month basis return on equity is 18.4%, return on capital employed 26.8%, operating margin 43.3%, net margin 26.4%.

How much debt does Vedant Fashions Limited have?

Vedant Fashions Limited is debt-free: debt to equity is 0.00 with borrowings of ₹0 cr against cash of ₹3 cr (balance sheet of 2026-09-30). Operating profit covers interest 10.6 times.

Financials parsed from Vedant Fashions Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from DEC '21, annual from FY22, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.