Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 17 Sep - Arvind Fashions Limited has informed regarding Allotment of Shares.
Source: Bse
Arvind Fashions Limited (ARVINDFASN)
Micro CapConsumer stocks · Micro cap · NSE
Arvind Fashions Limited is an Indian apparel and fashion retailer managing a portfolio of strong brands. The company focuses on direct-to-consumer channels, retail expansion, and leveraging data/AI for efficiency and effectiveness across its operations.
Data qualityFresh enough for analysisQuote updated 21 Oct, 04:45 am ISTDetails
Quote21 Oct, 04:45 am IST
Base fundamentals14 Oct 2026 · screener
Latest result21 Jul, 05:58 pm IST
Score21 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage14/14 · 100%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
30Bearishfull bear SMA stack · SMA20 -9.0% / mo · MACD + · near 52W low · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 26
Sector RS: 36
Sector 3M: -9.3% vs Nifty 500 -5.6%
Consumer FPI tailwindNot confirmed
Latest mapped FPI equity flow was not positive. View sector evidence
Technical chart
ARVINDFASND candles · FIT view-12.9%Latest close ₹391.95 on 2026-10-19
Bar
-2.7%
RSI
41
MACD hist
1.23
52W pos
13%
2026-10-19O ₹403.00H ₹403.00L ₹389.80C ₹391.95Vol 1.1L sh
Up bar
Down bar
EMA 20
EMA 50
Volume + 20D avg
Result date
RSI(14)
MACD / signal
Market context
Relative performance and chart statistics
Adjusted completed-session prices, rebased to 100
ARVINDFASNNifty Consumer DurablesNifty 500
- ARVINDFASN
- -17.4%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- -11.9 pp
Chart stats
19 Oct 2026- From 52W high
- -31.1%
- 52W range position
- 13%
- ATR (14)
- 3.6%
- Volume vs 20D
- 0.54x
- Avg traded value
- ₹8.1 Cr
- 20D price channel
- ₹373.4 - ₹435
₹569
₹366.2 - ₹569
₹14.1
Latest completed session
20-session average
39.4% annualized volatility
Research snapshot
What the evidence says now
Mixed fundamentals, management evidence is still limited to a financial-only Trust Lite signal, price trend argues for patience, and recent execution is consistent.
Suggested next step
Research, do not rush
The evidence is not strongly aligned. Compare peers and wait for a cleaner setup.
U-Score
Legacy · FAIR VALUE46
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average42
Revenue +15.4% · PAT +12.0% YoY
Technical
Bearish30
Price trend and sector-relative-strength timing.
Valuation
Legacy model-31.5%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence76
Financial-only signal; management claim evidence is not sufficient yet.
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Financials
Fundamentals, quarterly history, margins, returns and balance-sheet evidence
Latest result
Quarter ended 30 Jun 2026
Average · 42/100margin compression · Rev +15% YoY · PAT +12% YoY
Filed 21 Jul 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹1,278 Cr | +15.4% | -6.4% |
| EBITDA | ₹160 Cr | +20.3% | -15.3% |
| Operating margin | 12.0% | +0 bps | -200 bps |
| PAT | ₹28 Cr | +12.0% | -57.6% |
| PAT margin | 2.2% | -7 bps | -265 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 40.80
- P/B
- 5.65
- EV/EBITDA
- 6.48
- Market Cap
- 5346.00Cr
Profitability
- ROE
- 14.10%
- ROCE
- 19.60%
- ROA
- 4.41%
- Dividend Y
- 0.40%
Growth (CAGR)
- Revenue 5Y
- 19.00%
- EPS 5Y
- 17.00%
- Revenue 3Y
- 9.00%
- EPS 3Y
- 53.00%
Balance Sheet
- Debt/Equity
- 1.42
- Interest Coverage
- 4.11×
- Altman Z
- 3.22
- Book Value
- 70.60
Cash Flow
- FCF Yield
- 5.72%
- FCF Positive Y
- 7/5
- OCF
- 404.00 Cr
- EPS TTM
- 8.95
Shareholding
- Promoter Hold
- 35.10%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 16%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 5,266+14.0% vs prev
Net Profit
₹ CrLatest: 184+457.6% vs prev
Return on Equity
%Latest: 19.5+465.5% vs prev
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Technicals
Trend interpretation, Stage 2, relative strength, volume and indicator evidence
Daily technical trend read
Bearish setupTrend is weak — long-term trend down. RSI 41.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~9.9% over last month) — short-term momentum negative.
- RSI(14) at 41 — sideways, no extreme reading.
- MACD above signal but histogram contracting — bullish momentum cooling.
- 31% off 52W high · 7% above 52W low.
Mechanical read from the price + indicator series above. Not a recommendation — technical setups can reverse without warning, especially around earnings and macro events.
Nifty 500 leadership
Relative Strength & Trend Stage
29
RS percentile
Stage 4 Downtrend
1M return
-8.4%
3M return
-17.4%
6M return
-16.9%
1Y return
-24.3%
RS 1D
-1
RS 20D
-9
Sector rank
#9
Industry rank
#22
Stage evidence
- Price is 12.0% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -0.5%.
- Both 3-month and 6-month returns are negative.
50-DMA
price below
200-DMA
price below
Sector
neutral
Industry
improving
Relative-strength line vs Nifty 500 (base 100)
261 observations
19 Oct 2026Value 78.03-0.96%
RS vs Nifty 50078
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 46 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Financial Turnaround
Fundamental score breakdown
U band · FAIR VALUEValuation2/30
Growth15/25
Quality11/20
Balance Sheet5/15
Cash Flow7/10
Piotroski
7/9 (+5)
Penalties
1
Raw sum
46
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
46/100 · legacy band FAIR VALUE
Positive drivers
- FCF yield is supportive at 5.7%.
- Piotroski is strong at 7/9.
- Cash flow contributes 7/10 to the score.
Main drags
- Fair-value margin of safety is negative at -31.5%.
- Valuation is weaker at 2/30; verify the latest quarterly trend.
- Balance sheet is weaker at 5/15; verify the latest quarterly trend.
Sector valuation model
Consumer valuation: PE/PEG and brand-quality premium
Consumer franchises can deserve higher multiples, but only when growth quality supports them.
Primary lens
PE and PEG relative to growth, ROE, margins, and brand strength.
Secondary checks
Volume growth, pricing power, distribution, same-store or category growth.
Main risk check
Premium valuation needs durable growth and margin resilience.
PE
40.8
PB
5.7
EV/EBITDA
6.5
ROE
14.1%
ROCE
19.6%
FCF Yield
5.7%
Debt/Equity
1.4
MoS
-31.5%
Score movement
Stored run vs live recompute
This shows the stored score trend when snapshots exist, and also compares the latest stored nightly score with a live recompute from current fundamentals and price.
Stored run: 21 Oct 2026
v4.3-runtime-valuation
Final score
46
Previous: 46
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-31.5%
Previous: -31.5%
Score history
12 stored score snapshots. Latest stored move: +0 points.
21 Oct 2026
v4.3-runtime-valuation
47
47
47
47
46
46
46
46
46
46
46
46
Factor attribution
No pillar movement versus the latest stored run. Historical score trend will appear after snapshot storage is enabled.
Modelled fair value
Graham Number
₹119.24
-228.7% MoS
Growth-justified P/E
33.3
Growth-justified Value
₹298.03
-31.5% MoS
PEG
1.50
Comparable companies
Peers
Business-comparable peers in Consumer — ranked by industry, sub-sector, theme-tag overlap, market cap, and U-Score similarity. Green cells mark the best available peer metric in this table.
Ticker
Name
Why peer
Score
PE
ROE
MoS
Verdict
V2RETAIL
Micro
V2 Retail Limited
Retail
match 92
56
39.0
22.9%
-6%
FAIR VALUE
VMART
Micro
V-Mart Retail Limited
Retail
match 91
55
45.4
14.2%
-35%
FAIR VALUE
CANTABIL
Small
Cantabil Retail India Limited
Retail
match 84
70
19.3
22.1%
+36%
UNDERVALUED
GOCOLORS
Small
Go Fashion (India) Limited
Retail
match 83
64
86.8
19.3%
+55%
UNDERVALUED
STYLEBAAZA
Small
Baazar Style Retail Limited
Retail
match 81
24
100.0
2.2%
-88%
OVERVALUED
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business, management & trust
Growth engines, risks, management commitments and evidence-backed delivery
Business and thesis
Where growth can come from, and what can break the case
Thesis intactReviewed 2026-07-22T00:40:44.495Z
Management commentary snapshot
Q1 FY27 sees strong 15.5% revenue growth driven by direct channels and 11.6% retail LTL, leading to 19.6% EBITDA growth. However, PAT declined 22.2% due to lower other income.
The company delivered robust top-line growth and improved operating margins, largely driven by direct channels and strong retail execution. While PAT declined due to lower other income, core operational performance appears healthy. Management's focus on direct channels, store expansion, and cost control is evident.
Current business mix
Revenue by Channel (Q1 FY27)
Latest issuer-disclosed distribution across 4 reported categories.
Wholesale (MBO + Dept. Stores)45.0%
Retail23.0%
Online B2C18.0%
Online B2B and others14.0%
Growth engines
Direct Channel Performance
Strong revenue growth driven by direct channel performance; ~18% growth in retail, 23% in online B2C.
Retail LTL Growth
Retail LTL of 11.6% aided by superior execution.
Adjacent Categories
Adjacent categories witnessed 25%+ growth and are significant growth drivers.
Premiumization Trend
Premiumization trend helping brands deliver industry leading sell-thru’s and aid brand performance.
Capacity and execution
EBO Additions
Gross addition of 23 EBOs; net sq. ft. at ~20K in Q1 FY27. EBO count stood at 1030 as of Jun’26.
Store Expansion Target
Aspiration for gross opening of ~150 stores, largely through FOFO route, with higher net sq. ft. addition compared to FY26.
Tailwinds
Strong Brands & D2C Focus
Strong brands with direct-to-consumer focus continue to drive higher market share.
Premiumization
Favorable tailwinds around premiumization continue to aid brand performance.
Stable Demand Environment
Stable demand environment to deliver consistent double digit revenue growth.
Headwinds
Early EOSS & Higher Discounting
Early onset of EOSS and higher discounting across the industry.
Inflationary Pressure
Continuing West Asia conflict & impact of El Nino on Monsoon likely to have inflationary pressure.
Cost Pressures
Cost pressures due to increased minimum wages & rising fuel costs.
Rupee Depreciation
Rupee after slight appreciation has recently touched all time high which will impact raw materials, shipping & capex.
Risk radar
Consumption Slowdown
Potential risk of consumption slowdown due to supply-led inflationary pressure.
Raw Material & Fuel Costs
Soaring fuel & raw material costs are potential risks.
Capex & Raw Material Shortages
Shortages in capex & raw materials for production are potential risks.
Management accountability
What management said, and what results must prove
Issuer guidance and extracted claims are tracked against later reported outcomes. Treat these as management statements, not IndiaPulse forecasts.
Analyst reading lens
Compare YOY
Q1 results are typically seasonal for consumer fashion businesses, making year-over-year comparisons more relevant to assess underlying performance trends and growth.
Sector KPIs management disclosed
Revenue Growth
Strong revenue growth at 15.5% Y-o-Y to 1,279 crores.
Retail LTL Growth
Retail LTL of 11.6% aided by superior execution.
Gross Margins
Gross margins higher by 90 bps in Q1 led by strong LTL & sourcing gains.
EBITDA Growth
EBITDA growth of 19.6% Y-o-Y to 160 crores; 44 bps higher margin.
Management forward view
Revenue Growth Aspiration
Aspiration to grow revenues at 12-15% with acceleration in adjacent categories growth.
Direct Channel Share Growth
Share of direct channels (retail + online B2C) to grow by 100-200 bps.
Margin Expansion
Operating leverage to aid EBITDA & PAT margins expansion; continue to expand margin led by operating leverage and higher direct channel share.
Leveraging AI & Analytics
Leveraging AI to drive cost efficiencies across functions and front-end effectiveness.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| Revenue Growth | 15.5% Y-o-Y | Consistency in 12-15% revenue growth aspiration, especially from direct channels. |
| EBITDA Margin Expansion | 44 bps Y-o-Y improvement | Continued operating leverage and higher direct channel share aiding margin expansion. |
| Direct Channel Share | 41% (Retail 23% + Online B2C 18%) | Growth of 100-200 bps in direct channel share. |
| Store Expansion | 23 EBOs added, ~20K net sq. ft. in Q1 | Progress towards gross opening of ~150 stores and higher net sq. ft. addition. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
76Limited evidence · low confidenceTrust Lite
Trust asks: does management behaviour match later outcomes? Higher is better, but confidence and evidence depth matter as much as the number.
Limited evidence: Claim history is still being built. It ranks around the 81st percentile of the scored universe and 84th percentile within Consumer. No major sub-score weakness stands out.
This is a financial-behaviour screen, not a claim-tested management reliability verdict.
Computed 05 Sept 2026
management-trust-v1
106 docs text-extracted · 40 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
81st percentile
overall median 67 · Consumer: 84th pctile, median 66 · Micro: 66th pctile, median 73
Evidence depth
Financial-only
106 documents have extracted text, but claim history is not strong enough yet.
Claim delivery
Outcome history still building
0 claims extracted · No contradicted claim yet
How to read this Trust Score
Limited evidence · low confidenceWhat it measures
Reliability of management and financial delivery, using financial behaviour only.
Confidence
Treat this as an early read until more concalls and outcomes are matched.
Investor use
Can support position sizing if valuation and trend also agree.
Read Trust alongside U-Score, result consistency, and technical trend. A cheap stock with weak Trust needs a larger margin of safety; a high Trust score does not make an expensive stock attractive by itself.
Forensic breakdown
Read low sub-scores as due-diligence warnings, not automatic sell signals.
Promoter
78
strong · holding, pledge, alignment
Cash flow
89
strong · profit to cash conversion
Balance sheet
61
acceptable · leverage and solvency
Discipline
68
acceptable · capital discipline
Results
82
strong · quarterly consistency
Trust positives
- ▸Promoter pledge is zero.
- ▸FCF yield is 5.1%.
- ▸7 years of positive FCF.
- ▸4/4 latest quarters had positive YoY revenue growth.
Trust risks
- ▸Debt/equity is 1.42.
- ▸2 older quarters in the 8-quarter window had PAT decline worse than 25% YoY.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Arvind Fashions Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 14 Aug - Arvind Fashions Limited has informed regarding Allotment of Shares.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Aug - Arvind Fashions Limited has informed about Copy of Newspaper Publication.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Aug - Arvind Fashions Limited has informed about Schedule of meet.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 13 Jun - Arvind Fashions Limited has informed about Copy of Newspaper Publication in respect of transfer of unclaimed sale proceeds of fractional shares to Investor Education and …
Source: Bse
Annual report
Annual Report 2026
Source: Bse
Annual report
Annual Report 2026 from bse
Source: Bse
Annual report
Annual Report 2025
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.