MarketFriction

Aarnav Fashions Ltd

NSE AARNAV · BSE 539562 · Trading - Textile Products
₹35.50 -1.39%
NSE close2026-10-01
52 week range21.00 - 37.60
Market cap₹150 Cr.
P/E16.4
ESM Price band 5%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales97.0880.55100.1988.36104.5994.6891.4597.16133.8098.74132.7086.53
Expenses90.2073.8191.8781.4197.4684.6286.0890.18126.4091.85123.8879.83
Operating Profit6.886.748.326.957.1310.065.376.987.406.898.826.70
OPM %7.09%8.37%8.30%7.87%6.82%10.63%5.87%7.18%5.53%6.98%6.65%7.74%
Other Income0.060.060.090.060.200.120.570.080.140.080.370.08
Interest2.803.083.082.832.502.482.382.522.362.102.472.57
Depreciation1.711.882.331.791.931.962.332.012.012.012.141.95
Profit before tax2.431.843.002.392.905.741.232.533.172.864.582.26
Tax %25.10%25.54%26.67%25.52%25.52%24.74%20.33%24.90%24.92%35.31%29.48%25.22%
Net Profit1.821.362.201.782.154.320.981.892.371.853.231.68
EPS in Rs0.430.320.520.420.511.020.230.450.560.440.760.40
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales111235249420398359381465452
Expenses100132232388379332352435422
Operating Profit0000317322027303030
OPM %9%23%26%16%9%7%8%5.0%8%8%6%7%
Other Income000001000111
Interest00000612111210910
Depreciation000004788888
Profit before tax0000381318121313
Tax %40%29%31%28%24%32%26%60%26%25%29%
Net Profit000025906999
EPS in Rs0.100.330.400.601.553.556.210.091.332.192.212.16
Dividend Payout %0%0%0%0%32%40%23%0%38%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth96%13%5%16%
Compounded Profit Growth77%14%175%-2%
Stock Price CAGR%-11%4%-6%
Return on Equity4%4%4%5%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital3333315424242424242
Reserves000016123131130137144154
Borrowings000000143153127109100109
Other Liabilities00000121561601191029292
Total Liabilities3344433464486419391378398
Fixed Assets000000146139134130125132
CWIP000000000000
Investments000000121212131415
Other Assets3343432306336272247239252
Total Assets3344433464486419391378398
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity-30-00-0-15-581544322521
Cash from Investing Activity00-0-00-0-161-1-3-5-3-16
Cash from Financing Activity3000-015223-13-42-27-22-2
Net Cash Flow00-000-042-20-04
Free Cash Flow-30-00-0-15-208154128226
CFO/OP-7,525%340%-93%24%-4%-461%-321%59%225%127%98%87%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days00212032312527114911310895103
Inventory Days5840001270161149149167153102
Days Payable012716510172644939
Cash Conversion Cycle58402120323125266197190211199166
Working Capital Days4,9511,7611,6781,6627812121379364656464
ROCE %2%1%4%5%7%25%8%8%4%7%8%8%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters72.44%72.44%72.44%67.72%66.53%66.53%66.53%66.53%66.53%66.53%66.53%66.53%
DIIs0.00%0.00%0.00%0.00%0.00%0.00%1.67%1.67%1.76%1.76%0.00%0.00%
Public27.56%27.56%27.55%32.28%33.47%33.48%31.80%31.80%31.71%31.71%33.46%33.47%
No. of Shareholders37,74535,70933,90931,57628,73028,37127,67227,41926,63426,10125,65225,205

Fundamentals

Market Cap₹ 150 Cr.
Current Price₹ 35.2
Stock P/E16.4
Book Value₹ 46.5
ROCE7.57 %
ROE4.78 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)16%
Compounded Profit Growth (TTM)-2%
Standalone figures.
Valuation
Market capRs 150 Cr
Enterprise valueRs 251 Cr
P/E (TTM)16.42x
Price to book0.76x
Price to sales0.33x
EV / EBITDA8.24x
EV / EBIT11.23x
EV / sales0.56x
Price to cash flow6.99x
Earnings yield6.09%
P/E, 3-year average16.95x
P/B, 3-year average0.72x
P/E, 5-year average77.37x
P/B, 5-year average0.86x
Profitability
Operating margin (excl. other income)6.46%
Operating margin (incl. other income)6.61%
EBITDA margin6.75%
Pre-tax margin2.85%
Net profit margin2.02%
Net margin, latest quarter1.94%
ROE4.88%
ROCE7.63%
ROA2.41%
ROE, 3-year average4.38%
ROCE, 3-year average7.39%
ROA, 3-year average2.07%
ROE, 5-year average3.77%
ROCE, 5-year average6.77%
ROA, 5-year average1.65%
ROIC (approx.)5.34%
Tax rate28.84%
Other income / net worth0.35%
Growth
Sales growth (latest year)22.03%
Profit growth (latest year)1.19%
Sales CAGR, 3 years5.31%
Sales CAGR, 5 years13.34%
Profit CAGR, 3 years190.85%
Profit CAGR, 5 years11.94%
Sales growth QoQ-34.79%
Profit growth QoQ-47.99%
Sales growth YoY (latest quarter)-10.94%
Profit growth YoY (latest quarter)-11.11%
Per share
EPS (TTM)Rs 2.16
EPS (latest year)Rs 2.21
EPS (latest quarter)Rs 0.40
EPS, 3-year averageRs 1.91
EPS, 5-year averageRs 1.61
Book value per shareRs 46.54
Sales per shareRs 106.96
Cash flow per shareRs 5.08
Free cash flow per shareRs 1.42
Dividend per share, 3-year averageRs 0.50
Dividend per share, 5-year averageRs 0.50
Dividends
Dividend payout, 3-year average37.54%
Dividend payout, 5-year average30.09%
Efficiency
Asset turnover1.17x
Fixed asset turnover3.53x
Inventory turnover4.30x
Inventory days85 days
Debtor days103 days
Debtors turnover3.55x
Creditor days39 days
Cash conversion cycle166 days
Working capital days64 days
Leverage
Total debtRs 109 Cr
Cash and bankRs 8 Cr
Net debtRs 101 Cr
Debt to equity0.56x
Net debt / EBITDA3.32x
Interest coverage2.35x
Owners' fund to total sources49.38%
Debt to assets27.42%
Cash flow
Cash from Operating Activity (latest year)Rs 21 Cr
Cash from Investing Activity (latest year)Rs -16 Cr
Cash from Financing Activity (latest year)Rs -2 Cr
Net Cash Flow (latest year)Rs 4 Cr
Free cash flow (latest year)Rs 6 Cr
FCFE (approx.: FCF + change in debt)Rs 16 Cr
Cash from ops / profit, 5 years4.15x
Sales to cash flow21.69x
Statement figures
Net sales (TTM)Rs 452 Cr
Net sales (latest year)Rs 465 Cr
Sales (latest quarter)Rs 87 Cr
Operating profit excl. other income (latest year)Rs 30 Cr
Operating profit (latest quarter)Rs 7 Cr
Other income (TTM)Rs 1 Cr
EBITDA (TTM)Rs 30 Cr
PBDT (TTM)Rs 21 Cr
Profit before tax (TTM)Rs 13 Cr
Tax (latest year)Rs 4 Cr
Net profit (TTM)Rs 9 Cr
Net profit (latest year)Rs 9 Cr
Net profit (latest quarter)Rs 2 Cr
Depreciation (TTM)Rs 8 Cr
Depreciation (latest quarter)Rs 2 Cr
Interest (TTM)Rs 10 Cr
Cost of goods sold (latest year)Rs 415 Cr
Total expenditure (latest year)Rs 435 Cr
Total income (latest year)Rs 466 Cr
Share capitalRs 42 Cr
ReservesRs 154 Cr
Shareholders' fundsRs 197 Cr
Total assetsRs 398 Cr
Net blockRs 132 Cr
InvestmentsRs 15 Cr
ReceivablesRs 131 Cr
InventoryRs 97 Cr
Other liabilitiesRs 92 Cr
Shares outstanding (crore)4.22
Ownership
Promoter holding66.53% (+0.00 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 16.4 is at the 17th percentile of its own 6.4-year range (median 42.9, low 11.1, high 388.1).
P/B 0.76 is at the 20th percentile (median 1.22).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodAARNAVNifty 50Difference
1 week+1.4%-2.8% +4.2 pts
1 month+5.6%-6.8% +12.4 pts
3 months+44.0%-7.6% +51.6 pts
6 months+63.7%+0.4% +63.3 pts
3 years+15.0%+14.2% +0.8 pts
5 years-46.3%+27.9% -74.1 pts

Red flags

F-score 5 of 8
lookOn NSE surveillance On NSE surveillance: ESM
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹87 Cr -10.9% vs Jun 2025. Net profit ₹2 Cr -11.1%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-10-01Shareholder meetingProceedings of Annual General Meeting held on September 30, 2026. Further, the company has submitted the Exchange a copy of voting results along with ...
2026-09-07Board meeting outcomeAGM
2026-08-07Disclosure under SEBI TakeovMr. Champalal Gopiram Agarwal has Submitted to the Exchange a copy of Disclosure under Regulation 31(4) of the Securities and Exchange Board of India ...
2026-07-28Board meeting outcomeAarnav Fashions Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-21Price movementSignificant movement in price has been observed in Aarnav Fashions Limited. The Exchange, in order to ensure that investors have latest relevant infor...
2026-05-30Board meeting outcomeAarnav Fashions Limited has submitted to the Exchange, the financial results for the period ended March 31, 2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
ESM: stage 1Less than 100 unique PAN traded in previous 30 days
Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.Updated 2026-10-03