MarketFriction

Arvind Ltd

NSE ARVIND · BSE 500101 · Garments & Apparels
₹534.05 -1.08%
NSE close2026-10-01
52 week range277.90 - 607.15
Market cap₹14,838 Cr.
P/E33.8
Microcap 250 Price band 20% Delivery 38.2%

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

Consolidated, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales1,9221,8882,0751,8312,1882,0892,2212,0062,3712,3732,5532,501
Expenses1,7161,6731,8321,6811,9671,8531,9761,8292,1242,1002,2472,261
Operating Profit206216243150221236245177247273306240
OPM %11%11%12%8%10%11%11%9%10%11%12%10%
Other Income1310813121130915-1235-4
Interest393945403940474141424154
Depreciation676667686062696972727893
Profit before tax113120138541351451587614914722389
Tax %26%21%24%19%53%27%2%28%28%31%26%35%
Net Profit849410444631061555510710116558
EPS in Rs3.063.513.791.502.283.955.772.033.943.726.092.04
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8,0119,2216,7947,1427,3695,0738,0108,3827,7388,3299,3039,798
Expenses7,0378,2616,1036,4196,6614,5957,1807,5546,8587,4338,2428,732
Operating Profit9749606917237084788308288798951,0621,066
OPM %12%10%10%10%10%9%10%10%11%11%11%11%
Other Income8966109395151310042654434
Interest383312192236255239197192193208220178
Depreciation239294222235290285254253266259290314
Profit before tax441420385290168-31393484463493595608
Tax %28%24%18%21%45%-11%38%15%24%25%28%
Net Profit31632131622892-27242413353367427430
EPS in Rs12.1712.1811.978.753.70-0.649.1415.4712.8713.5015.7915.79
Dividend Payout %20%20%20%23%0%0%0%37%37%28%28%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth2%13%4%15%
Compounded Profit Growth3%134%6%19%
Stock Price CAGR17%42%46%80%
Return on Equity8%10%10%11%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital258258258259259259259261262262262262
Reserves2,4662,3883,3093,5242,4922,4502,4602,6903,0843,2813,5243,782
Borrowings3,3973,8192,9263,3232,7002,6402,1211,8651,5171,4481,5621,660
Other Liabilities1,8551,6592,0323,0821,8721,7901,8722,8812,0352,2542,6843,106
Total Liabilities7,9768,1258,52510,1887,3227,1386,7137,6976,8987,2458,0328,810
Fixed Assets3,2083,3573,6723,9623,4213,8353,5903,4813,4273,4213,5783,993
CWIP10014796116262113784680117409121
Investments595442777678907066211167150269
Other Assets4,6094,0774,4816,0333,5613,1002,9744,1043,1803,5393,8954,427
Total Assets7,9768,1258,52510,1887,3227,1386,7137,6976,8987,2458,0328,810
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5586505514282,358860776595666696763867
Cash from Investing Activity-587-50366-353-1,306-306-81-121-135-277-493-607
Cash from Financing Activity-48-151-621-55-1,019-575-717-439-534-419-271-228
Net Cash Flow-77-3-42033-20-2234-31-132
Free Cash Flow54127120-272,399464687448496443280381
CFO/OP67%79%68%81%304%126%165%76%91%94%96%97%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days543531954652795142505257
Inventory Days193202207258179125168196135197197177
Days Payable141128124247152123203193101136152160
Cash Conversion Cycle10610911410673544453761119673
Working Capital Days9-10420-4-10121591466
ROCE %15%13%11%8%9%9%5%13%13%13%13%15%
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Aug 2026
Promoters41.14%41.13%39.61%39.59%39.59%39.58%39.56%39.53%39.53%39.53%39.53%38.09%
FIIs12.63%15.15%17.54%18.33%18.66%18.71%17.58%16.81%16.51%16.10%16.44%15.88%
DIIs14.24%14.81%16.32%17.21%17.61%18.10%18.10%18.69%19.30%20.04%19.88%22.78%
Public31.96%28.91%26.54%24.87%24.13%23.60%24.77%24.96%24.65%24.34%24.14%23.26%
No. of Shareholders2,03,5921,99,2801,88,3821,92,3971,84,8171,80,5681,86,1241,87,4981,78,6021,76,9081,81,0121,81,024

Fundamentals

Market Cap₹ 14,838 Cr.
Current Price₹ 545
Stock P/E33.8
Book Value₹ 154
ROCE14.7 %
ROE10.8 %
Dividend Yield0.83 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)15%
Compounded Profit Growth (TTM)19%
Consolidated figures.
Valuation
Market capRs 13,998 Cr
Enterprise valueRs 15,494 Cr
P/E (TTM)33.80x
Price to book3.46x
Price to sales1.43x
EV / EBITDA14.09x
EV / EBIT19.72x
EV / sales1.58x
Price to cash flow16.14x
Earnings yield2.96%
Dividend yield0.84%
P/E, 3-year average21.94x
P/B, 3-year average2.12x
P/E, 5-year average16.79x
P/B, 5-year average1.61x
Profitability
Operating margin (excl. other income)11.41%
Operating margin (incl. other income)11.88%
EBITDA margin11.23%
Pre-tax margin6.20%
Net profit margin4.23%
Net margin, latest quarter2.14%
ROE10.57%
ROCE14.74%
ROA4.92%
ROE, 3-year average10.00%
ROCE, 3-year average13.87%
ROA, 3-year average4.77%
ROE, 5-year average10.25%
ROCE, 5-year average13.56%
ROA, 5-year average4.63%
ROIC (approx.)10.17%
Tax rate28.25%
Other income / net worth1.08%
Growth
Sales growth (latest year)11.70%
Profit growth (latest year)17.10%
Sales CAGR, 3 years3.53%
Sales CAGR, 5 years12.89%
Profit CAGR, 3 years0.77%
Sales growth QoQ-2.04%
Profit growth QoQ-66.53%
Sales growth YoY (latest quarter)24.65%
Profit growth YoY (latest quarter)0.39%
Per share
EPS (TTM)Rs 15.80
EPS (latest year)Rs 15.79
EPS (latest quarter)Rs 2.04
EPS, 3-year averageRs 14.05
EPS, 5-year averageRs 13.35
Book value per shareRs 154.29
Sales per shareRs 373.80
Cash flow per shareRs 33.08
Free cash flow per shareRs 14.54
Dividend per share (latest year)Rs 4.50
Dividend per share, 3-year averageRs 4.33
Dividend per share, 5-year averageRs 4.69
Dividends
Dividend payout28.49%
Dividend payout, 3-year average31.06%
Dividend payout, 5-year average32.59%
Efficiency
Asset turnover1.06x
Fixed asset turnover2.33x
Inventory turnover2.92x
Inventory days125 days
Debtor days57 days
Debtors turnover6.44x
Creditor days160 days
Cash conversion cycle73 days
Working capital days6 days
Leverage
Total debtRs 1,660 Cr
Cash and bankRs 163 Cr
Net debtRs 1,496 Cr
Debt to equity0.41x
Net debt / EBITDA1.36x
Interest coverage4.41x
Current ratio (filing 2026-03-31)1.14x
Quick ratio (filing 2026-03-31)0.58x
Trade payables (filing 2026-03-31)Rs 1,973 Cr
Owners' fund to total sources45.90%
Debt to assets18.84%
Cash flow
Cash from Operating Activity (latest year)Rs 867 Cr
Cash from Investing Activity (latest year)Rs -607 Cr
Cash from Financing Activity (latest year)Rs -228 Cr
Net Cash Flow (latest year)Rs 32 Cr
Free cash flow (latest year)Rs 381 Cr
FCFE (approx.: FCF + change in debt)Rs 478 Cr
Cash from ops / profit, 5 years1.99x
Sales to cash flow10.73x
Statement figures
Net sales (TTM)Rs 9,798 Cr
Net sales (latest year)Rs 9,303 Cr
Sales (latest quarter)Rs 2,501 Cr
Operating profit excl. other income (latest year)Rs 1,062 Cr
Operating profit (latest quarter)Rs 240 Cr
Other income (TTM)Rs 34 Cr
EBITDA (TTM)Rs 1,100 Cr
PBDT (TTM)Rs 922 Cr
Profit before tax (TTM)Rs 608 Cr
Tax (latest year)Rs 168 Cr
Net profit (TTM)Rs 414 Cr
Net profit (latest year)Rs 414 Cr
Net profit (latest quarter)Rs 53 Cr
Depreciation (TTM)Rs 314 Cr
Depreciation (latest quarter)Rs 93 Cr
Interest (TTM)Rs 178 Cr
Cost of goods sold (latest year)Rs 6,343 Cr
Total expenditure (latest year)Rs 8,242 Cr
Total income (latest year)Rs 9,347 Cr
Share capitalRs 262 Cr
ReservesRs 3,782 Cr
Shareholders' fundsRs 4,044 Cr
Total assetsRs 8,810 Cr
Net blockRs 3,993 Cr
Capital work in progressRs 121 Cr
InvestmentsRs 269 Cr
ReceivablesRs 1,444 Cr
InventoryRs 2,174 Cr
Other liabilitiesRs 3,106 Cr
Shares outstanding (crore)26.21
Ownership
Promoter holding38.09% (-1.44 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
P/E 33.8 is at the 89th percentile of its own 8.4-year range (median 19.9, low 2.3, high 37.6).
P/B 3.46 is at the 96th percentile (median 1.36).
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.
PeriodARVINDNifty 50Difference
1 week-5.6%-2.8% -2.8 pts
1 month-4.1%-6.8% +2.7 pts
3 months-6.2%-7.6% +1.5 pts
6 months+57.7%+0.4% +57.3 pts
1 year+69.8%-9.9% +79.7 pts
2 years+34.3%-13.6% +47.9 pts
3 years+207.7%+14.2% +193.5 pts
5 years+465.4%+27.9% +437.5 pts
53 mutual fund schemes hold about ₹3,171 Cr. Over three months 25 bought more and 20 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
Quant Small Cap Fund2.31%823 -7%
Bandhan Small Cap Fund1.56%533 -13%
HDFC Mid Cap Fund0.42%453 -6%
Mahindra Manulife Small Cap Fund2.39%131 -17%
Aditya Birla SL Small Cap Fund2.08%130 -14%
Aditya Birla SL Multi-Cap Fund1.18%89 -23%
Nippon India Small Cap Fund0.10%83 +100%
JM Flexi Cap Fund1.57%81 -41%
Invesco India Contra Fund0.32%65 +100%
Bank of India Small Cap Fund1.85%61 -22%
Mirae Asset Multicap Fund1.04%58 +100%
ITI Small Cap Fund1.57%57 -10%
SBI Multi Asset Allocation Fund(A0.27%56 +100%
Invesco India ELSS Tax Saver Fund1.59%44 +100%
HDFC Manufacturing Fund0.41%43 +100%
SBI Comma Fund3.42%42 -6%
Aditya Birla SL ELSS Tax Saver Fund0.28%41 +100%
Aditya Birla SL Conglomerate Fund2.49%40 -2%
Aditya Birla SL MNC Fund1.00%33 +100%
SBI LT Advantage Fund-V6.93%26 +100%
Motilal Oswal Nifty Microcap 250 Index Fund0.91%23 -6%
Axis ESG Integration Strategy Fund2.05%22 +100%
ITI Flexi Cap Fund1.33%21 -15%
JM Mid Cap Fund1.47%20 -48%
Bank of India Aggressive Hybrid Fund0.95%19 -17%

Red flags

F-score 8 of 8
No red flags in the latest statements and filings.
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 ₹2,501 Cr +24.7% vs Jun 2025. Net profit ₹58 Cr +5.5%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-09-04Dividend - Rs 4.50 Per Share
2025-07-25Dividend - Rs 3.75 Per Share
2024-07-19Dividend - Rs 3.75 Per Share/Special Dividend - Re 1 Per Share
2023-07-21Annual General Meeting/Dividend - Rs 3.75 Per Share/Special Dividend Rs 2 Per Share
2022-08-29Annual General Meeting
2021-08-10 Annual General Meeting
2020-09-17 Annual General Meeting
2019-07-29 Dividend - Rs 2 Per Share
2018-11-28 Demerger
2018-08-21 Annual General Meeting/Dividend Rs - 2.40/ Per Share
2017-07-27 Annual General Meeting/Dividend - Rs 2.40 Per Share
2016-07-28 Annual General Meeting/ Dividend - Rs 2.40/- Per Share
2015-07-30Annual General Meeting / Dividend - Rs 2.55/- Per Share
2015-05-28Scheme Of Arrangement
2014-07-24Annual General Meeting/Dividend Rs 2.35/- Per Share
2013-07-18Annual General Meeting/Dividend Rs 1.65/- Per Share
2012-09-13Annual General Meeting/Dividend Re 1 Per Share
2011-09-22Annual General Meeting
2010-09-09Annual General Meeting
2009-09-10Annual General Meeting
2008-07-17Annual General Meeting
2007-09-18Agm
2006-09-14Agm/Dividend-10%
DateTypeWhat it says
2026-09-22Shareholder meetingVoting results.
2026-09-22Shareholder meetingProceedings of Annual General Meeting held on September 22, 2026
2026-09-17General UpdatesUpdate on acquisition of Equity Shares of Torrent Urja 21 Private Limited
2026-09-14Concall / analyst meetSchedule of meet
2026-08-27UpdatesIntimation regarding dispatch of letter to those Shareholders whose e-mail address are notregistered for Annual Report of FY 2025-26.
2026-08-26UpdatesBusiness Responsibility and Sustainability Reporting for FY 2025-26.
2026-08-26Record DateRecord date for the purpose of Dividend is 04-Sep-2026.
2026-08-26Shareholder meetingShareholders meeting
2026-08-25Credit Rating- RevisionCredit Rating- Revision
2026-08-25General UpdatesGeneral Updates
2026-08-24Concall / analyst meetSchedule of meet
2026-08-24General UpdatesNewspaper publication for AGM
2026-08-19General UpdatesCommunication to Shareholders for TDS on Dividend
2026-08-19Concall / analyst meetTranscript
2026-08-14Concall / analyst meetSchedule of meet
2026-08-14Concall / analyst meetSchedule of meet
2026-08-14General UpdatesGeneral Updates
2026-08-13Concall / analyst meetLink of Recording
2026-08-12Investor PresentationInvestor Presentation
2026-08-12Press ReleaseA press release dated August 12, 2026, titled "PRESS RELEASE".
2026-08-12Board meeting outcomeArvind Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-08-10Concall / analyst meetSchedule of meet
2026-08-05AllotmentAllotment of 9900990 securities pursuant to Qualified Institution Placement at its meeting held on August 05, 2026
2026-08-05General UpdatesGeneral Updates
2026-08-03General UpdatesGeneral Updates
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.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of Arvind Ltd?

Arvind Ltd (ARVIND) has a market capitalisation of Rs 14,838 Cr. at the 2026-10-01 close.

What is the P/E ratio of Arvind Ltd?

Arvind Ltd trades at a P/E of 33.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Arvind Ltd's latest quarterly results?

In the Jun 2026 quarter, Arvind Ltd sales was Rs 2,501 Cr (+24.7% vs Jun 2025) and net profit was Rs 58 Cr.

What is the 52-week high and low of Arvind Ltd?

The 52-week high is Rs 607.15 and the 52-week low is Rs 277.90.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03