ARVIND LIMITED |
Market Closed -
Other stock markets
|
5-day change | 1st Jan Change | ||
| 314.2 INR | -2.19% |
|
+2.55% | +20.09% |
| Jan. 30 | Transcript : Arvind Limited, Q3 2024 Earnings Call, Jan 30, 2024 | |
| Jan. 30 | India's Arvind posts lower revenue for fifth quarter on tepid denim demand | RE |
Valuation
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Capitalization 1 | 23,482 | 5,111 | 17,011 | 30,098 | 22,319 | 82,191 | - | - |
| Enterprise Value (EV) 1 | 46,737 | 28,821 | 17,011 | 46,921 | 22,319 | 90,599 | 89,317 | 90,490 |
| P/E ratio | 10.4 x | 5.34 x | -103 x | 12.7 x | 5.51 x | 23.4 x | 16.1 x | 12.2 x |
| Yield | 2.2% | - | - | - | 4.39% | 1.27% | 1.43% | 1.59% |
| Capitalization / Revenue | 0.33 x | 0.07 x | 0.34 x | 0.37 x | 0.27 x | 1.06 x | 0.9 x | 0.78 x |
| EV / Revenue | 0.65 x | 0.39 x | 0.34 x | 0.58 x | 0.27 x | 1.16 x | 0.98 x | 0.86 x |
| EV / EBITDA | 6.52 x | 4.16 x | 3.67 x | 5.95 x | 2.79 x | 10.7 x | 8.33 x | 6.99 x |
| EV / FCF | 2.73 x | 6.46 x | 2.58 x | 11.5 x | 4.83 x | 12.1 x | 21.2 x | 17.3 x |
| FCF Yield | 36.6% | 15.5% | 38.8% | 8.71% | 20.7% | 8.29% | 4.72% | 5.79% |
| Price to Book | 0.85 x | 0.19 x | 0.63 x | 1.02 x | 0.67 x | 2.26 x | 1.99 x | 1.73 x |
| Nbr of stocks (in thousands) | 258,617 | 258,767 | 258,924 | 260,586 | 261,497 | 261,630 | - | - |
| Reference price 2 | 90.80 | 19.75 | 65.70 | 115.5 | 85.35 | 314.2 | 314.2 | 314.2 |
| Announcement Date | 5/17/19 | 6/27/20 | 5/26/21 | 5/18/22 | 5/18/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Annual data)
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 71,422 | 73,690 | 50,730 | 80,337 | 83,825 | 77,782 | 91,204 | 105,082 |
| EBITDA 1 | 7,167 | 6,920 | 4,630 | 7,880 | 8,000 | 8,488 | 10,724 | 12,937 |
| EBIT 1 | 4,816 | - | 1,780 | 5,160 | 5,470 | 5,764 | 7,863 | 9,850 |
| Operating Margin | 6.74% | - | 3.51% | 6.42% | 6.53% | 7.41% | 8.62% | 9.37% |
| Earnings before Tax (EBT) 1 | 3,003 | - | -309.1 | 3,778 | 4,872 | 4,764 | 7,018 | 9,203 |
| Net income 1 | 2,262 | 956.5 | -165.2 | 2,382 | 4,046 | 3,520 | 5,112 | 6,707 |
| Net margin | 3.17% | 1.3% | -0.33% | 2.96% | 4.83% | 4.53% | 5.6% | 6.38% |
| EPS 2 | 8.740 | 3.700 | -0.6400 | 9.130 | 15.49 | 13.44 | 19.54 | 25.66 |
| Free Cash Flow 1 | 17,090 | 4,458 | 6,604 | 4,088 | 4,617 | 7,508 | 4,214 | 5,237 |
| FCF margin | 23.93% | 6.05% | 13.02% | 5.09% | 5.51% | 9.65% | 4.62% | 4.98% |
| FCF Conversion (EBITDA) | 238.46% | 64.43% | 142.64% | 51.88% | 57.72% | 88.45% | 39.3% | 40.48% |
| FCF Conversion (Net income) | 755.42% | 466.13% | - | 171.65% | 114.13% | 213.31% | 82.45% | 78.08% |
| Dividend per Share 2 | 2.000 | - | - | - | 3.750 | 4.000 | 4.500 | 5.000 |
| Announcement Date | 5/17/19 | 6/27/20 | 5/26/21 | 5/18/22 | 5/18/23 | - | - | - |
1INR in Million2INR
Estimates
Income Statement Evolution (Quarterly data)
| Fiscal Period: March | 2021 Q3 | 2021 Q4 | 2022 Q1 | 2022 Q2 | 2022 Q3 | 2022 Q4 | 2023 Q1 | 2023 Q2 | 2023 Q3 | 2023 Q4 | 2024 Q1 | 2024 Q2 | 2024 Q3 | 2024 Q4 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net sales 1 | 15,137 | 16,549 | 14,394 | 21,151 | 22,757 | 22,035 | 23,521 | 21,698 | 19,798 | 18,808 | 18,533 | 21,481 | 19,874 | 19,700 |
| EBITDA 1 | 1,621 | 2,080 | 1,040 | 2,125 | 2,368 | 2,350 | 2,200 | 2,018 | 1,861 | 1,908 | 1,803 | 2,061 | 2,217 | 2,283 |
| EBIT | - | - | - | - | - | 1,628 | - | 1,397 | 1,233 | - | - | - | 1,440 | 1,621 |
| Operating Margin | - | - | - | - | - | 7.39% | - | 6.44% | 6.23% | - | - | - | 7.25% | 8.23% |
| Earnings before Tax (EBT) 1 | - | - | - | - | - | 1,230 | - | 1,497 | 1,020 | - | 919.4 | 1,050 | 1,200 | 1,322 |
| Net income 1 | - | - | - | - | - | 841.5 | - | 1,250 | 841.2 | - | 658.7 | 840 | 779.5 | 941 |
| Net margin | - | - | - | - | - | 3.82% | - | 5.76% | 4.25% | - | 3.55% | 3.91% | 3.92% | 4.78% |
| EPS | - | - | - | - | - | 3.210 | - | 4.790 | 3.220 | - | - | - | - | 3.600 |
| Dividend per Share | - | - | - | - | - | - | - | - | - | - | - | - | - | - |
| Announcement Date | 2/4/21 | 5/26/21 | 8/5/21 | 10/27/21 | 1/27/22 | 5/18/22 | 8/1/22 | 11/8/22 | 1/25/23 | 5/18/23 | 7/27/23 | - | - | - |
1INR in Million
Estimates
Balance Sheet Analysis
| Fiscal Period: March | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 |
|---|---|---|---|---|---|---|---|---|
| Net Debt 1 | 23,255 | 23,710 | - | 16,824 | - | 8,408 | 7,126 | 8,299 |
| Net Cash position 1 | - | - | - | - | - | - | - | - |
| Leverage (Debt/EBITDA) | 3.245 x | 3.426 x | - | 2.135 x | - | 0.9905 x | 0.6645 x | 0.6415 x |
| Free Cash Flow 1 | 17,090 | 4,459 | 6,604 | 4,088 | 4,617 | 7,508 | 4,215 | 5,237 |
| ROE (net income / shareholders' equity) | 6.93% | 5.4% | -0.61% | 8.4% | 11.3% | 9.94% | 12.3% | 14.3% |
| ROA (Net income/ Total Assets) | - | - | - | - | - | - | - | - |
| Assets 1 | - | - | - | - | - | - | - | - |
| Book Value Per Share 2 | 106.0 | 105.0 | 105.0 | 113.0 | 128.0 | 139.0 | 158.0 | 182.0 |
| Cash Flow per Share | - | - | - | - | - | - | - | - |
| Capex 1 | 6,492 | 4,146 | 1,159 | 1,858 | 2,043 | 3,237 | 3,545 | 3,166 |
| Capex / Sales | 9.09% | 5.63% | 2.28% | 2.31% | 2.44% | 4.16% | 3.89% | 3.01% |
| Announcement Date | 5/17/19 | 6/27/20 | 5/26/21 | 5/18/22 | 5/18/23 | - | - | - |
1INR in Million2INR
Estimates
EPS & Dividend
Year-on-year evolution of the PER
Year-on-year evolution of the Yield
Change in Enterprise Value/EBITDA
Trading Rating
Investor Rating
ESG Refinitiv
B
Sell
Buy
Mean consensus
BUY
Number of Analysts
6
Last Close Price
314.2
INR
Average target price
409.2
INR
Spread / Average Target
+30.26%
EPS Revisions
| 1st Jan change | Capi. | |
|---|---|---|
| +20.09% | 986M | |
| +12.24% | 6.7B | |
| +4.92% | 3.55B | |
| +9.64% | 2.38B | |
| +20.29% | 2.31B | |
| -6.53% | 1.97B | |
| +13.43% | 1.85B | |
| +5.33% | 1.78B | |
| +22.32% | 1.68B | |
| +29.04% | 1.64B |
- Stock Market
- Equities
- ARVIND Stock
- Financials Arvind Limited
