Key Financials Snapshot

TTM · Consolidated · ₹ in Cr
Market Cap
₹14528 Cr.
Stock P/E
34
P/B
3.2
Current Price
₹534.1
Book Value
₹ 168.9
Face Value
10
52W High
₹607
52W Low
₹ 278
Dividend Yield
0.84%

Arvind Overview

Business

Arvind Ltd. is an Indian integrated textile and apparel company, and a conglomerate with diversified interests. Its core business revolves around manufacturing and marketing a wide range of textile products including denim, woven fabrics (shirting, bottom weights), knitwear, and technical textiles. Beyond manufacturing, Arvind operates a significant branded apparel and retail business, owning and licensing several domestic and international brands. It also has ventures in advanced materials, real estate development (through Arvind SmartSpaces), and environmental solutions. The company makes money through the sale of its manufactured textiles to other apparel brands, direct sales of its owned and licensed apparel brands through retail channels, and revenue from its other diversified businesses.

Revenue Mix

Arvind's primary business segments include:

Textiles: This segment encompasses manufacturing and sales of various fabrics like denim, shirting, bottom weights, knitwear, and technical textiles. It forms the largest portion of the company's revenue, driven by both domestic and international sales to global brands.

Brands & Retail: This segment includes the sale of apparel through owned brands (e.g., Arvind, Flying Machine, Unlimited) and licensed international brands (e.g., Tommy Hilfiger, Calvin Klein, US Polo Assn.). This segment focuses on direct-to-consumer sales through various retail formats and e-commerce.

Advanced Materials: This segment focuses on high-performance materials and technical textiles for various industrial applications.

Environmental & Telecom: This includes businesses like water treatment solutions and internet services.

Real Estate (Arvind SmartSpaces): This segment is involved in residential and commercial real estate development.

While specific percentage contributions can fluctuate and are detailed in their annual reports, the Textiles segment traditionally forms the dominant share, followed by Brands & Retail. The other segments contribute a smaller but growing proportion.

Industry

Arvind operates in the highly fragmented yet significantly large Indian textile and apparel industry. The industry is characterized by a long value chain, from fiber to fashion, and serves both a large domestic market and a growing export market. Arvind is one of India's largest integrated textile players, particularly renowned globally for its denim manufacturing capabilities. Its strong backward integration (yarn spinning, weaving, processing) and forward integration (branded apparel retail) provide a competitive edge. In branded apparel, it holds a prominent position with a strong portfolio of owned and licensed brands, competing with both domestic and international fashion retailers. In technical textiles, it is a significant player in the nascent but growing market in India.

MOAT

Scale & Integration: Arvind's large-scale, integrated operations from yarn to finished garments, particularly in denim, provide cost efficiencies, quality control, and faster turnaround times.

Brand Portfolio & Distribution: A strong portfolio of established owned brands and exclusive licenses for popular international brands (like Tommy Hilfiger, Calvin Klein) gives it significant market access and consumer recognition in the organized retail space. Its extensive distribution network across India (multi-brand outlets, exclusive brand outlets, e-commerce) is a key asset.

R&D and Innovation: Strong focus on R&D, especially in textiles (e.g., sustainable denim, performance fabrics) and advanced materials, allows it to cater to evolving customer demands and differentiate its products.

Long-standing Industry Relationships: Decades of experience and relationships with global fashion brands for textile sourcing provide stability and repeat business.

Growth Drivers

Rising Domestic Consumption & Premiumization: India's growing middle class, increasing disposable incomes, and urbanization drive demand for branded and quality apparel. Arvind's strong brand portfolio is well-positioned to capitalize on this trend.

Textile Export Opportunities: Global supply chain realignments and government initiatives (e.g., PLI schemes) aimed at boosting textile exports from India could benefit Arvind's manufacturing capabilities.

Growth in Technical Textiles: Increasing industrial and consumer applications for technical textiles (e.g., protective wear, medical textiles) represent a significant growth avenue for its Advanced Materials segment.

E-commerce Expansion: Continued investment in digital channels and omnichannel strategies for its branded apparel segment can drive sales growth and reach.

Sustainability Focus: Growing consumer and brand demand for sustainable textiles and manufacturing processes aligns with Arvind's initiatives in this area, potentially attracting new business.

Risks

Raw Material Price Volatility: Fluctuations in cotton and other fiber prices directly impact manufacturing costs and profitability.

Fashion & Consumer Preferences: Rapidly changing fashion trends and consumer tastes can lead to inventory obsolescence and impact sales in the branded apparel segment.

Intense Competition: The textile and apparel market is highly competitive, with numerous domestic and international players vying for market share.

Economic Slowdown: A slowdown in the domestic or global economy can reduce consumer spending on discretionary items like apparel, impacting both textile and retail segments.

Foreign Exchange Fluctuations: A significant portion of its revenue comes from exports, making it susceptible to currency exchange rate volatility.

Regulatory & Trade Policies: Changes in trade agreements, tariffs, or environmental regulations can impact operations and profitability.

Management & Ownership

Arvind Ltd. is promoted by the Lalbhai family, a prominent business family with a long history in the Indian textile industry, dating back to 1931. The company is professionally managed with a mix of family members in key leadership roles and experienced industry professionals. Sanjay Lalbhai serves as the Chairman and Managing Director. The ownership structure includes a significant stake held by the promoter group, ensuring stable stewardship, alongside institutional and public shareholders.

Outlook

Arvind Ltd. stands as a well-integrated and diversified player within the Indian textile and apparel landscape. Its strong manufacturing base, especially in denim, coupled with a robust portfolio of owned and licensed brands, positions it well to capture growth in both domestic consumption and potential export markets. The company's strategic focus on technical textiles and advanced materials also offers diversification and access to new, higher-margin opportunities. However, the business operates in a cyclical industry susceptible to raw material price volatility, intense competition, and shifts in consumer trends. Managing these challenges while capitalizing on India's economic growth and evolving consumer preferences will be crucial for sustained performance. The company's long operational history and diversified business model provide resilience, though its performance will remain sensitive to broader economic conditions and its ability to adapt to a dynamic retail environment.

Arvind Share Price

Live · BSE / NSE · Inception: 1931
₹ | |
Volume
Price

Key Financials — Profit & Loss

₹ in Cr · Consolidated · annual

Arvind Quarterly Results

#(Fig in Cr.) Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Net Sales 2075 1831 2188 2089 2221 2006 2371 2373 2553 2501
Other Income 8 13 12 11 30 9 15 12 21 18
Total Income 2082 1844 2200 2100 2251 2015 2386 2385 2574 2519
Total Expenditure 1832 1681 1967 1852 1975 1829 2124 2099 2247 2261
Operating Profit 251 163 233 248 275 186 262 286 327 258
Interest 45 40 39 40 47 41 41 42 41 54
Depreciation 67 68 60 62 69 69 72 72 78 93
Exceptional Income / Expenses 0 0 0 0 0 0 0 -24 6 -23
Profit Before Tax 138 54 135 146 159 76 149 149 215 88
Provision for Tax 34 11 72 39 4 22 42 46 58 31
Profit After Tax 104 43 63 107 156 54 107 102 157 57
Adjustments -5 -4 -3 -4 -5 -1 -3 -5 3 -3
Profit After Adjustments 99 39 60 103 151 53 103 98 160 53
Adjusted Earnings Per Share 3.8 1.5 2.3 4 5.8 2 3.9 3.7 6.1 2

Arvind Profit & Loss

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
Net Sales 7993 9221 6794 7191 7369 5077 8010 8382 7738 8329 9303 9798
Other Income 82 82 74 84 58 52 50 45 41 65 56 66
Total Income 8075 9303 6868 7274 7427 5129 8060 8427 7779 8394 9360 9864
Total Expenditure 7018 8258 6103 6458 6661 4600 7182 7555 6859 7433 8244 8731
Operating Profit 1057 1045 765 817 765 529 878 872 919 961 1116 1133
Interest 383 312 192 237 255 239 197 192 193 208 220 178
Depreciation 240 297 222 235 290 285 254 253 266 259 290 315
Exceptional Income / Expenses 1 -18 -23 -46 -50 -36 -9 59 2 0 -17 -41
Profit Before Tax 441 420 330 300 170 -31 419 487 463 493 595 601
Provision for Tax 125 99 69 62 76 -4 151 71 111 125 168 177
Profit After Tax 316 321 261 239 94 -27 268 417 353 367 427 423
Adjustments -2 -6 49 -13 1 11 -30 -12 -16 -14 -13 -8
Profit After Adjustments 314 315 309 226 96 -17 238 405 337 353 414 414
Adjusted Earnings Per Share 12.2 12.2 12 8.7 3.7 -0.6 9.1 15.5 12.9 13.5 15.8 15.7

Arvind Balance Sheet

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Shareholder's Funds 2646 3567 3783 2750 2709 2719 2951 3346 3543 3786 4044
Minority's Interest 56 151 305 86 58 47 56 59 78 85 97
Borrowings 1493 757 849 935 1018 1142 758 378 263 292 277
Other Non-Current Liabilities -27 40 -4 143 270 208 297 275 261 361 498
Total Current Liabilities 3833 3929 5105 3408 3075 2596 3636 2840 3100 3508 3893
Total Liabilities 8001 8444 10038 7322 7130 6713 7697 6898 7245 8032 8810
Fixed Assets 3357 3628 3928 3387 3801 3568 3313 3259 3234 3455 3878
Other Non-Current Assets 972 732 571 445 292 241 344 522 539 806 491
Total Current Assets 3672 4083 5539 3401 3038 2814 4040 3117 3472 3772 4441
Total Assets 8001 8444 10038 7322 7130 6713 7697 6898 7245 8032 8810

Arvind Cash Flow

#(Fig in Cr.) Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Opening Cash & Cash Equivalents 33 18 14 34 67 47 25 60 56 57 56
Cash Flow from Operating Activities 650 551 428 2358 860 776 595 666 696 763 867
Cash Flow from Investing Activities -502 66 -356 86 -306 -81 -121 -135 -277 -504 -607
Cash Flow from Financing Activities -151 -621 -55 -1019 -575 -717 -439 -534 -419 -271 -228
Net Cash Inflow / Outflow -3 -4 17 1425 -20 -22 34 -3 1 -12 32
Closing Cash & Cash Equivalent 30 14 34 67 47 25 60 56 57 56 88

Arvind Ratios

# Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Earnings Per Share (Rs) 12.17 12.18 11.97 8.75 3.7 -0.64 9.14 15.47 12.87 13.5 15.79
CEPS(Rs) 21.55 23.92 18.68 18.32 14.87 9.96 20.03 25.61 23.64 23.91 27.37
DPS(Rs) 2.4 2.4 2.4 2 0 0 0 5.75 4.75 3.75 4.5
Book NAV/Share(Rs) 102.48 137.57 145.76 105.87 104.22 104.57 112.77 127.9 135.31 144.36 154.09
Core EBITDA Margin(%) 12.16 10.4 10.16 9.93 9.36 9.12 10.1 9.66 11.17 10.52 11.12
EBIT Margin(%) 10.27 7.9 7.69 7.27 5.61 3.98 7.51 7.92 8.34 8.23 8.55
Pre Tax Margin(%) 5.5 4.53 4.86 4.07 2.25 -0.59 5.11 5.68 5.89 5.78 6.25
PAT Margin (%) 3.94 3.47 3.84 3.24 1.25 -0.52 3.27 4.86 4.48 4.31 4.48
Cash Profit Margin (%) 6.94 6.67 7.11 6.42 5.09 4.92 6.37 7.81 7.86 7.35 7.53
ROA(%) 3.96 3.9 2.82 2.75 1.31 -0.4 3.72 5.71 4.99 4.81 5.07
ROE(%) 12.39 10.35 7.12 7.34 3.47 -1.01 9.49 13.26 10.24 10.04 10.92
ROCE(%) 13.37 11.29 7.68 8.55 8 4.22 13.06 14.36 13.64 13.98 15.3
Receivable days 44.01 30.81 68.82 65.89 46.92 74.54 48.98 44.17 47.24 48.13 50.21
Inventory Days 85.69 84.83 124.3 95.04 69.37 84.9 74.97 82.13 84.35 88.33 82.59
Payable days 105.71 100.32 170.78 154.53 109.43 174.12 138.38 113.6 91.24 95.29 103.59
PER(x) 22.45 32.34 32.15 10.38 5.34 0 12.64 5.52 21 23.35 21.49
Price/Book(x) 2.66 2.86 2.64 0.86 0.19 0.63 1.02 0.67 2 2.18 2.2
Dividend Yield(%) 0.88 0.61 0.62 2.2 0 0 0 6.74 1.76 1.19 1.33
EV/Net Sales(x) 1.35 1.41 1.94 0.69 0.39 0.72 0.59 0.42 1.07 1.14 1.09
EV/Core EBITDA(x) 10.23 12.49 17.27 6.08 3.77 6.9 5.35 4.08 9.05 9.9 9.12
Net Sales Growth(%) 2.03 15.37 -26.33 5.84 2.48 -31.1 57.76 4.65 -7.69 7.64 11.7
EBIT Growth(%) -2.51 -11.13 -28.63 2.78 -20.88 -50.9 195.87 10.3 -3.42 6.91 16.18
PAT Growth(%) -3.24 1.49 -18.73 -8.44 -60.46 -129.02 1062.74 55.53 -15.38 4.18 16.22
EPS Growth(%) -7.89 0.09 -1.74 -26.9 -57.74 -117.26 1532.43 69.28 -16.84 4.94 16.97
Debt/Equity(x) 1.44 0.82 0.88 0.99 0.91 0.74 0.6 0.42 0.37 0.36 0.36
Current Ratio(x) 0.96 1.04 1.09 1 0.99 1.08 1.11 1.1 1.12 1.08 1.14
Quick Ratio(x) 0.46 0.43 0.65 0.53 0.57 0.64 0.5 0.52 0.48 0.47 0.58
Interest Cover(x) 2.15 2.35 2.72 2.27 1.67 0.87 3.13 3.54 3.41 3.37 3.71
Total Debt/Mcap(x) 0.54 0.29 0.33 1.15 4.8 1.18 0.58 0.63 0.19 0.17 0.16

Growth Rates

Compounded annual
# 1 Year 3 Year 5 Year 10 Year
Sales CAGR +12% +4% +13% +2%
Operating Profit CAGR +16% +9% +16% +1%
PAT CAGR +16% +1% — +3%
Share Price CAGR +80% +42% +41% +4%
ROE Average +11% +10% +11% +9%
ROCE Average +15% +14% +14% +11%

Arvind Shareholding Pattern

Latest · Jun 2026
100% held
Promoters 39.53 %
FII 16.44 %
DII (MF + Insurance) 19.88 %
Public (retail) 24.15 %
# Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026
Promoter 41.1439.6139.639.5939.5839.5639.5339.5339.5339.53
FII 15.1417.5318.3218.6718.7217.5816.8216.5116.116.44
DII 14.8116.3217.217.618.0918.0918.6919.320.0319.88
Public 28.9126.5424.8924.1423.6224.7824.9624.6624.3424.15
Others 0000000000
Total 100100100100100100100100100100

Arvind Peer Comparison

Arvind Quarterly Price

10-year quarterly close · BSE
Show Value Show %

News & Updates

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Arvind Pros & Cons

Pros

  • Company has reduced debt.
  • Company is almost debt free.

Cons

  • Promoter holding is low: 39.53%.
  • Company has a low return on equity of 10% over the last 3 years.
  • Debtor days have increased from 95.29 to 103.59days.
  • Stock is trading at 3.2 times its book value.
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