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    Vedant Fashions Limited

    India's largest Indian wedding-wear company; runs Manyavar, Mohey, Twamev via franchised EBOs & e-commerce.

    Consumer Services
    Consumer Discretionary
    View MANYAVAR earnings calls
    ₹412.5
    -2.45% from avg

    Overview

    Price

    ₹412.5

    Market Cap

    ₹10.0k Cr

    Sector

    Consumer Services

    Consumer Discretionary

    Rank

    3

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY21FY22FY23FY24FY25FY25FY26FY26
    LiabilitiesEquity Capital2524242424242424
    Reserves1.1k1.1k1.4k1.6k1.5k1.8k1.7k1.9k
    Borrowings292279293444463483464458
    Other Liabilities241407472462472477435431
    Total Liabilities1.6k1.8k2.2k2.5k2.5k2.7k2.6k2.9k
    AssetsFixed Assets459515520663677688671660
    CWIP00200000
    Investments5365127879597651.1k9181.2k
    Other Assets6297418568861.0k1.0k1.0k979
    Total Assets1.6k1.8k2.2k2.5k2.5k2.7k2.6k2.9k

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY19FY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating177243253351470483389481
    Cash from Investing-163-96-8856-232-110-16-102
    Cash from Financing-13-141-166-410-232-362-377-386
    SummaryCapital Expenditure
    Free Cash Flow169225268362475484388470
    FCF Margin

    Valuation

    Assumptions

    Current — MANYAVAR
    Price
    ₹413
    EPS (TTM)
    ₹15.45
    PE (TTM)
    26.7
    Profit growth
    -4.4%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (65.4×) and current (26.7×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹413
    vs
    Fair value · 15% return
    ₹134
    68%Overvalued

    At -4.4% growth and a 27× exit, ₹413 only delivers your return if you pay ₹134. The price is currently baking in 17% growth.

    EPS grows -4.4%/yr for 5 years, then fades to 6% over 2, exits at 27×.

    YearGrowthEPS (₹)
    FY27-4.4%14.77
    FY28-4.4%14.12
    FY29-4.4%13.50
    FY30-4.4%12.91
    FY31-4.4%12.34
    FY320.8% ·fade12.44
    FY336.0% ·fade13.18

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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