ARVIND
Arvind share price & financials
- Price
- ₹516.6
- Market cap
- ₹15.7k Cr
- Sector
- Textiles
- Calls analysed
- 2
Arvind Ltd Q4 FY26
What went well
- Strategic acquisition of AAML provides immediate scale and access to a $2.5 billion Total Addressable Market (TAM).
- The deal is margin accretive and EPS accretive at Arvind's consolidated level.
- Retention of the entire existing top management team, who still own 39% equity in AAML.
What Arvind Ltd does
Arvind Limited is an integrated fibre-to-fashion textile manufacturer headquartered in Ahmedabad, producing woven and denim fabrics, knits and garments that it sells to global apparel brands and manufacturers. Alongside its core Textiles business, it runs a separate Advanced Materials division that makes technical fabrics for Human Protection (fire and flame-retardant applications), Industrials and Composites, supplying industrial, defence and other specialised customers. In FY26 it expanded this technical-fabrics business internationally by acquiring a majority stake in US-based Arvind Advanced Materials Limited (AAML, formerly Dalco-GFT), a manufacturer of needle-punched non-woven materials for automotive and geotextile applications.
Segments
- Textiles
- Advanced Materials
- Others
- Denim fabric manufactured & sold annually
- 60+ million metres
- Woven fabric manufactured & sold annually
- 180+ million metres
- Garments manufactured & sold annually
- 80+ million pieces
- Knit fabric produced annually
- 12,000+ MT
- Total permanent workforce
- 25,833 (as of March 31, 2025)
- Market position in denim & knits
- Leading player in denim, and one of the largest and fastest-growing knit fabric manufacturers in India
Guidance record · Q4 FY26
what the last two calls moved 12 tracked 0 delivered 6 missed 6 open- Advanced Materials Division (AMD) EBITDA Margin went quiet said Q3 FY26 Promised: 14% to 15% for long-term consistent growth Q4 FY26: The Q4 call focused exclusively on the AAML acquisition and did not provide an update on the overall AMD segment's EBITDA margin guidance.
- Advanced Materials Division (AMD) Growth CAGR on track said Q3 FY26 Promised: 18% to 20% CAGR going forward Q4 FY26: Management reiterated the growth expectation for the India business at 18-20%, in line with the previous guidance. Quote: 'our expectation from India is approximately 18% to 20%.'
All 12 tracked — every revision, and every one management stopped mentioning.
Open the guidance ledgerQuarterly results
Q1 FY27: revenue up 24.7%, net profit up 5.5% against the same quarter last year.
| Line item | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 2,188 | 2,089 | 2,221 | 2,006 | 2,371 +8% | 2,373 +14% | 2,553 +15% | 2,501 +25% |
| EBITDA | 221 | 236 | 245 | 177 | 247 +12% | 273 +16% | 306 +25% | 240 +36% |
| Net profit | 63 | 106 | 155 | 55 | 107 +70% | 101 −5% | 165 +6% | 58 +5% |
How to read this
₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.
Performance +83.9% 1Y
1Y: ₹312.65 on 10 Sept 2025 → ₹575.1. High ₹587.1 (30 Jun 2026), low ₹279.6 (10 Oct 2025).
How the price took the results
close before → close after
- Q4 FY26
- +14.9%
- 7 May
- Q3 FY26
- +5.1%
- 30 Jan
The move from the last close before each results date to the first close after it — the market's first read on the quarter, not the quarter itself.
Financials, as filed
Revenue grew 3.5% a year over 3 years, FY23 to FY26. Operating margin widened to 10.8%.
| Year ending | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|
| Revenue | ₹8.4k Cr | ₹7.7k Cr | ₹8.3k Cr | ₹9.3k Cr |
| Operating profit | ₹799 Cr | ₹845 Cr | ₹852 Cr | ₹1.0k Cr |
| Operating margin | 9.5% | 10.9% | 10.2% | 10.8% |
| Interest | ₹163 Cr | ₹160 Cr | ₹166 Cr | ₹165 Cr |
| Depreciation | ₹253 Cr | ₹265 Cr | ₹259 Cr | ₹291 Cr |
| Net profit | ₹413 Cr | ₹352 Cr | ₹368 Cr | ₹428 Cr |
| Net margin | 4.9% | 4.5% | 4.4% | 4.6% |
| Cash from operations | ₹666 Cr | ₹696 Cr | ₹763 Cr | ₹867 Cr |
| Free cash flow | ₹496 Cr | ₹443 Cr | ₹280 Cr | ₹381 Cr |
| ROCE | 13.0% | 13.0% | 13.0% | 15.0% |
How to read this
From the company's own filings. Margins are computed from the filed sums; a year with an incomplete quarter is left blank rather than estimated.
Balance sheet
| Year ending | FY21 | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|---|
| Equity capital | ₹259 Cr | ₹261 Cr | ₹262 Cr | ₹262 Cr | ₹262 Cr | ₹262 Cr |
| Reserves | ₹2.5k Cr | ₹2.7k Cr | ₹3.1k Cr | ₹3.3k Cr | ₹3.6k Cr | ₹3.8k Cr |
| Borrowings | ₹2.1k Cr | ₹1.9k Cr | ₹1.5k Cr | ₹1.4k Cr | ₹1.5k Cr | ₹1.7k Cr |
| Other liabilities | ₹1.9k Cr | ₹2.9k Cr | ₹2.0k Cr | ₹2.3k Cr | ₹2.9k Cr | ₹3.1k Cr |
| Total liabilities | ₹6.7k Cr | ₹7.7k Cr | ₹6.9k Cr | ₹7.2k Cr | ₹8.2k Cr | ₹8.8k Cr |
| Fixed assets | ₹3.6k Cr | ₹3.5k Cr | ₹3.4k Cr | ₹3.4k Cr | ₹3.7k Cr | ₹4.0k Cr |
| Capital work in progress | ₹78 Cr | ₹46 Cr | ₹80 Cr | ₹117 Cr | ₹331 Cr | ₹121 Cr |
| Investments | ₹70 Cr | ₹66 Cr | ₹211 Cr | ₹167 Cr | ₹147 Cr | ₹269 Cr |
| Other assets | ₹3.0k Cr | ₹4.1k Cr | ₹3.2k Cr | ₹3.5k Cr | ₹4.0k Cr | ₹4.4k Cr |
| Total assets | ₹6.7k Cr | ₹7.7k Cr | ₹6.9k Cr | ₹7.2k Cr | ₹8.2k Cr | ₹8.8k Cr |
How to read this
As filed each year. A line the company does not report — deposits for a non-lender, for instance — is left out rather than shown as a row of dashes.
Who owns it
As disclosed at Aug 2026
Since Sep 2025, DIIs added +4.09 pp while the public trimmed −1.70 pp. The shareholder count shrank 3% to 1,81,024.
- Promoters
- 38.1%
- FIIs
- 15.9%
- DIIs
- 22.8%
- Public
- 23.3%
Since Sep 2025
- DIIs +4.09 pp
- Public −1.70 pp
- Promoters −1.44 pp
How it drifted, 12 quarters
Over this window the public fell from 32.0% to 23.3% — −8.7 pp.
Ownership split by quarter, oldest first. Dec '23: Promoters 41.1%, FIIs 12.6%, DIIs 14.2%, Public 32.0%.Mar '24: Promoters 41.1%, FIIs 15.2%, DIIs 14.8%, Public 28.9%.Jun '24: Promoters 39.6%, FIIs 17.5%, DIIs 16.3%, Public 26.5%.Sep '24: Promoters 39.6%, FIIs 18.3%, DIIs 17.2%, Public 24.9%.Dec '24: Promoters 39.6%, FIIs 18.7%, DIIs 17.6%, Public 24.1%.Mar '25: Promoters 39.6%, FIIs 18.7%, DIIs 18.1%, Public 23.6%.Jun '25: Promoters 39.6%, FIIs 17.6%, DIIs 18.1%, Public 24.8%.Sep '25: Promoters 39.5%, FIIs 16.8%, DIIs 18.7%, Public 25.0%.Dec '25: Promoters 39.5%, FIIs 16.5%, DIIs 19.3%, Public 24.6%.Mar '26: Promoters 39.5%, FIIs 16.1%, DIIs 20.0%, Public 24.3%.Jun '26: Promoters 39.5%, FIIs 16.4%, DIIs 19.9%, Public 24.1%.Aug '26: Promoters 38.1%, FIIs 15.9%, DIIs 22.8%, Public 23.3%.
Who is on the register
Named in the Aug 2026 filing
Every holder of Arvind Ltd above SEBI's 1% disclosure line, and what changed since Jun 2026.
| Holder | Stake | Change |
|---|---|---|
| Aura Securities Private Limited | 32.98% | −1.25 pp |
| Aura Business Ventures LLP | 2.56% | −0.10 pp |
| Aml Employee Welfare Trust | 1.53% | −0.05 pp |
| Atul Limited | 1.52% | −0.05 pp |
| Aagam Holdings Private Limited | 0.69% | unchanged |
| Lalbhai Realty Finance Private Limited | 0.17% | unchanged |
| Akshita Holdings Private Limited | 0.06% | unchanged |
| Aayojan Resources Private Ltd | 0.04% | unchanged |
| Anusandhan Investments Limited | 0.04% | unchanged |
| Adhinami Investments Private Limited | 0.03% | unchanged |
| Aura Business Enterprise Pvt Ltd | 0.00% | unchanged |
| Kulin S Lalbhai | 0.00% | unchanged |
A holder disappearing from this list has fallen below the 1% line — it is not necessarily a sale. Percentages are of total shares, as disclosed in the company's own filing. Who was buying across the market this quarter.
Mutual funds in ARVIND
Filings to Aug 2026
3 new, 0 added, 0 trimmed, 0 sold out — net +29.70 L shares (+272.9%).
- Held by funds
- ₹224 Cr
- 5 schemes
- Biggest holder
- Nippon India Small Cap Fund
- ₹83 Cr · 0.1% of that fund
| Scheme | Holding | Last month | Held since |
|---|---|---|---|
| Nippon India Small Cap Fund Nippon India Mutual Fund | ₹83 Cr | new | Aug '26 |
| SBI Multi Asset Allocation Fund SBI Mutual Fund | ₹56 Cr | new | Aug '26 |
| SBI Comma Fund SBI Mutual Fund | ₹42 Cr | held | Apr '24 |
| SBI Long Term Advantage Fund - Series V SBI Mutual Fund | ₹26 Cr | new | Aug '26 |
| HDFC Large and Mid Cap Fund HDFC Mutual Fund | ₹17 Cr | held | Jan '26 |
HDFC, Nippon India and SBI schemes, from their monthly disclosures. Changes are counted in shares, so a price move never looks like buying or selling.
Mutual funds Aug 2026
0 added, 0 trimmed — net +29.70 L shares (+272.9%)
- Funds are sitting on
- +5%
- vs est. average cost
- Held by funds
- ₹224 Cr
- 5 schemes · ≈ 1.3% of the company
- Biggest holder
- Nippon India Small Cap Fund
- ₹83 Cr · 0.1% of that fund
- Longest holder
- SBI Comma Fund
- 2y 5m · since Apr '24
Shares held by these funds −91%
Aug '23 10.88 L shares Jul '26
All earnings calls (2)
Read the Q4 FY26 call →Learn to analyse Arvind Ltd
Guides on how to read this kind of business and the numbers that matter.