Credit rating
Announcement under Regulation 30 (LODR)-Credit Rating 10 Sep - Campus Activewear received CRISIL ESG 61 rating from CRISIL ESG Ratings & Analytics.
Source: Bse
Campus Activewear Limited (CAMPUS)
Micro CapConsumer stocks · Micro cap · NSE
Campus Activewear is India's largest and fastest-growing scaled sports & athleisure footwear brand. It operates a vertically integrated manufacturing ecosystem, focuses on superior product innovation, and leverages a pan-India omni-channel distribution to cover over 85% of the S&A footwear market.
₹199.44
-3.35 · -1.65%
Market cap ₹6,182 Cr
Data qualityVerify one data layerQuote updated 19 Oct, 03:31 pm ISTPost-result recalculation pendingDetails
Quote19 Oct, 03:31 pm IST
Base fundamentals17 Oct 2026 · screener
Latest result06 Aug, 06:43 pm IST
Score20 Oct, 04:30 am IST · v4.3-runtime-valuation
Tags02 May 2026
Coverage12/14 · 86%
Valuation2026-07-20 · Rf 6.8% · Consumer P/E 22.2 (n=441)
Technical timing lens
Trend score and candlestick chart
25Bearishfull bear SMA stack · SMA20 -7.0% / mo · MACD − · near 52W low · sector -3.7pp vs Nifty 500 (3M)
Stock trend: 18
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
CAMPUSD candles · FIT view-18.2%Latest close ₹199.44 on 2026-10-19
Bar
-0.7%
RSI
37
MACD hist
-0.03
52W pos
7%
2026-10-19O ₹200.83H ₹201.68L ₹196.64C ₹199.44Vol 5.1L 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
CAMPUSNifty Consumer DurablesNifty 500
- CAMPUS
- -11.4%
- Nifty 500
- -5.6%
- Nifty Consumer Durables
- -9.7%
- Vs Nifty 500
- -5.9 pp
Chart stats
19 Oct 2026- From 52W high
- -30.7%
- 52W range position
- 7%
- ATR (14)
- 2.8%
- Volume vs 20D
- 1.17x
- Avg traded value
- ₹9.1 Cr
- 20D price channel
- ₹192.7 - ₹214.2
₹287.8
₹192.7 - ₹287.8
₹5.6
Latest completed session
20-session average
23.2% 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 VALUE57
Fundamental lens: valuation, quality, growth, balance sheet, and cash flow.
Latest result
Average37
Revenue +12.2% · PAT +18.2% YoY
Technical
Bearish25
Price trend and sector-relative-strength timing.
Valuation
Legacy model-67.8%
Legacy margin-of-safety estimate; the revised evidence label remains in shadow validation.
Trust
Limited evidence84
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 · 37/100margin compression · Rev +12% YoY · PAT +18% YoY · operating leverage
Filed 06 Aug 2026
Open results browser →| Metric | This quarter | YoY | QoQ |
|---|---|---|---|
| Revenue | ₹385 Cr | +12.2% | -15.6% |
| EBITDA | ₹55 Cr | +12.2% | -32.9% |
| Operating margin | 14.0% | +0 bps | -400 bps |
| PAT | ₹26 Cr | +18.2% | -40.9% |
| PAT margin | 6.8% | +34 bps | -290 bps |
NDF means not disclosed in the current structured filing feed. It is intentionally not treated as zero.
Fundamentals
Valuation
- P/E
- 45.50
- P/B
- —
- EV/EBITDA
- 21.94
- Market Cap
- 6182.00Cr
Profitability
- ROE
- 29.50%
- ROCE
- 31.80%
- ROA
- 11.20%
- Dividend Y
- 0.74%
Growth (CAGR)
- Revenue 5Y
- 261.00%
- EPS 5Y
- 149.00%
- Revenue 3Y
- 26.00%
- EPS 3Y
- 42.00%
Balance Sheet
- Debt/Equity
- 0.68
- Interest Coverage
- 12.10×
- Altman Z
- 8.63
- Book Value
- —
Cash Flow
- FCF Yield
- —
- FCF Positive Y
- 2/5
- OCF
- 18.00 Cr
- EPS TTM
- 3.57
Shareholding
- Promoter Hold
- 72.08%
- Promoter Pledge
- 0.00%
- Momentum 52W
- 11%
Financial History
Updated 20/10/2026
Revenue
₹ CrLatest: 1,774+11.4% vs prev
Net Profit
₹ CrLatest: 150+24.0% vs prev
Return on Equity
%Latest: 16.6+3.6% 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
Mixed signalsSignals are conflicting — long-term trend down. RSI 37. Wait for confirmation.
- Price < SMA20 < SMA50 < SMA200 — full bearish stack.
- SMA20 falling (~7.5% over last month) — short-term momentum negative.
- RSI(14) at 37 — rising, no extreme reading.
- MACD below signal but histogram contracting — bearish momentum easing.
- Within 5% of 52-week low — testing support.
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
26
RS percentile
Stage 4 Downtrend
1M return
-6.0%
3M return
-11.4%
6M return
-20.4%
1Y return
-29.0%
RS 1D
+2
RS 20D
-3
Sector rank
#9
Industry rank
#22
Stage evidence
- Price is 12.8% below the 30-week proxy.
- The 50-DMA is below the 30-week proxy and its slope is falling -2.3%.
- 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)
262 observations
19 Oct 2026Value 77.58-0.64%
RS vs Nifty 50078
Valuation & peers
U-Score 57 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Valuation & peers
U-Score 57 · legacy U-Score band FAIR VALUE · valuation evidence and comparable companies
Premium Compounder
Fundamental score breakdown
U band · FAIR VALUEValuation0/30
Growth20/25
Quality20/20
Balance Sheet9/15
Cash Flow2/10
Piotroski
8/9 (+5)
Penalties
1
Raw sum
57
Why this score?
Top U-Score contributors and drags from the latest stored fundamentals.
57/100 · legacy band FAIR VALUE
Positive drivers
- Piotroski is strong at 8/9.
- Quality contributes 20/20 to the score.
- Growth contributes 20/25 to the score.
Main drags
- Fair-value margin of safety is negative at -67.8%.
- Valuation is weaker at 0/30; verify the latest quarterly trend.
- Cash flow is weaker at 2/10; 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
45.5
PB
—
EV/EBITDA
21.9
ROE
29.5%
ROCE
31.8%
FCF Yield
—
Debt/Equity
0.7
MoS
-67.8%
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: 20 Oct 2026
v4.3-runtime-valuation
Final score
57
Previous: 57
Legacy U-Score band
FAIR VALUE
Previous: FAIR VALUE
Margin of safety
-67.8%
Previous: -67.8%
Score history
12 stored score snapshots. Latest stored move: +0 points.
20 Oct 2026
v4.3-runtime-valuation
51
51
51
51
51
51
51
51
57
57
57
57
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
—
Growth-justified P/E
33.3
Growth-justified Value
₹118.88
-67.8% MoS
PEG
0.43
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
REDTAPE
Micro
Redtape Limited
Retail
match 90
54
25.4
26.6%
+25%
FAIR VALUE
BATAINDIA
Large
Bata India Limited
Retail
match 80
44
45.8
10.6%
-68%
WATCHLIST
SREEL
Small
Sreeleathers Limited
Retail
match 74
45
20.6
4.7%
+41%
WATCHLIST
KHADIM
Small
Khadim India Limited
Retail
match 72
23
47.5
2.1%
-142%
OVERVALUED
METROBRAND
Small
Metro Brands Limited
Retail
match 66
51
59.2
22.1%
-76%
FAIR VALUE
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 2026-06-08T07:53:37.435Z
Management commentary snapshot
CAMPUS reported strong Q4 FY26 results with PAT up 25.8% YoY and revenue up 12.3% YoY, driven by volume growth and ASP increases. Full-year FY26 revenue grew 11.4% YoY, with PAT up 23.8% YoY, reflecting margin expansion and effective premiumization strategy.
CAMPUS's Q4 FY26 performance indicates successful execution of its premiumization and D2C strategies, leading to robust PAT growth and margin improvement. While full-year volume growth was moderate, the strong ASP increase and expanding D2C contribution suggest a healthy shift towards higher-value offerings. The company's integrated model and market positioning remain strong.
Current business mix
Revenue Mix (Jan-Mar’26) by Channel
Latest issuer-disclosed distribution across 3 reported categories.
Distributor51.2%
Online37.8%
Retail11.0%
Growth engines
Premiumization
Sustained focus on premiumization across product segments.
Product Diversification
Extension into allied categories like apparels segment.
Omni-channel Experience
Further accentuate our omni-channel experience.
Geographic Expansion
Steadily extend into new territories by deepening presence in Western and Southern regions of India.
Capacity and execution
Ganaur Capacity Expansion
Ganaur Capacity Expansion completed.
Haridwar II Upper Plant
Haridwar II Upper Plant for Sneaker Implementation.
Paonta Upper Facility
Production commenced at Paonta upper facility.
Pant Nagar Upper Facility
Production commenced at Pant Nagar upper facility.
Tailwinds
Footwear Market Growth
Footwear expected to be one of the fastest-growing segments within Indian retail.
S&A Market Size
Indian S&A and Casual Footwear Market projected to reach INR 882bn (US$11.7bn) by FY25P.
Increasing Disposable Income
Rising GDP per capita (India's GDP Per Capita projected to grow from INR 142k in 2020 to INR 243k in 2025).
Health Consciousness
Increasing number of health-conscious individuals (from 108mn in 2020 to 142mn in 2025).
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 BOTH
Q4 YoY provides insight into recent momentum and seasonal trends, crucial for a consumer business. Full-year YoY offers a comprehensive view of annual performance and the impact of strategic initiatives like premiumization and D2C expansion.
Sector KPIs management disclosed
Revenue from Operations
Q4 FY26: INR 455.6 Cr (+12.3% YoY); FY26: INR 1774.1 Cr (+11.4% YoY)
Sales Volume
Q4 FY26: 6.8 mm pairs (+10.6% YoY); FY26: 25.97 mm pairs (+4.2% YoY)
Average Selling Price (ASP)
Q4 FY26: INR 668 (+1.5% YoY); FY26: INR 683 (+6.9% YoY)
EBITDA Margin
Q4 FY26: 19.2% (vs 18.7% Q4 FY25); FY26: 17.5% (vs 16.1% FY25)
Management forward view
Product Strategy
Deliver new and differentiated offerings for the Indian market through nimble, fashion-forward, and segmented approach.
Manufacturing Efficiency
Strategic blend of in-house capacity and backward integration enabling flexibility, quality control, cost controls, and timing to market.
Distribution Strategy
Pan-India omni-channel distribution to meet customers where they are.
Digitization Benefits
Digitization of sales process has generated a virtuous flywheel enabling faster speed to market and better merchandising.
Thesis monitor
Numbers and claims to verify in the next filings
| Checkpoint | Current evidence | What to verify next |
|---|---|---|
| D2C Revenue Contribution | 48.3% (Q4 FY26) | Continued increase, indicating successful channel shift and premiumization. |
| Sales Volume Growth | +4.2% (FY26) | Acceleration in volume growth, complementing ASP-driven revenue. |
| Average Selling Price (ASP) | INR 683 (+6.9% YoY in FY26) | Sustained growth, reflecting successful premiumization efforts. |
| EBITDA Margin | 17.5% (FY26) | Further expansion, driven by operating leverage and product mix. |
Verification checkpoints are IndiaPulse research interpretation, not investment advice.
Trust Score
84Limited 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 97th percentile of the scored universe and 98th 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
73 docs text-extracted · 34 concalls text-extracted
Score band
Limited evidence
Financial behaviour is scored, but management claims do not yet have enough outcome checks.
Relative rank
97th percentile
overall median 67 · Consumer: 98th pctile, median 66 · Micro: 95th pctile, median 73
Evidence depth
Financial-only
73 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
86
strong · holding, pledge, alignment
Cash flow
77
strong · profit to cash conversion
Balance sheet
89
strong · leverage and solvency
Discipline
82
strong · capital discipline
Results
87
strong · quarterly consistency
Trust positives
- ▸Promoter holding is 72.1%.
- ▸Promoter pledge is zero.
- ▸FCF yield is positive at 1.2%.
- ▸5 years of positive FCF.
Trust risks
- ▸No major Trust Lite risk flags.
Trust Lite uses financial behaviour only. Prefer claim-tested Trust when enough concall claims have later outcomes.
Continue researching Campus Activewear Limited
Important announcements & filings
Latest exchange and company disclosures found within the past two years.
Open source ↗
Announcement
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 7 Sep
Source: Bse
Investor presentationAug 2026
Aug 2026 · PPT
Source: Bse
Concall transcriptAug 2026
Aug 2026 · Transcript
Source: Bse
AnnouncementAug 2026
Aug 2026 · Announcement under Regulation 30 (LODR)-Change in Management 17 Aug - Mr. Rakesh Thakur appointed CFO and KMP of Campus Activewear effective 17 August 2026.
Source: Bse
Annual reportAug 2026
Aug 2026 · Intimation Under Regulation 36(1)(B) Of SEBI(LODR) Regulations, 2015 1h - 18th AGM on 20 August 2026; annual report 2025-26 dispatched to shareholders.
Source: Bse
Annual reportAug 2026
Aug 2026 · Notice Of 18Th Annual General Meeting Of Company 3h - FY2025-26 annual report filed; 18th AGM on 20 August 2026, book closure 13–20 August.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 7 Aug
Source: Bse
Annual reportJul 2026
Jul 2026 · Business Responsibility and Sustainability Reporting (BRSR) 3h - Campus Activewear filed FY2025-26 BRSR with annual report on 23 July 2026.
Source: Bse
AnnouncementJul 2026
Jul 2026 · Announcement under Regulation 30 (LODR)-Resignation of Chief Financial Officer (CFO) 12 Jun - Sanjay Chhabra resigns as CFO effective 7 July 2026; company will appoint a replacement.
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Newspaper Publication 16 Jul
Source: Bse
Announcement
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 18 Jun
Source: Bse
All information is for study purposes only. For investment decisions, consult your financial advisor. See Playbook for methodology.