Company Vedant Fashions Limited

Equities

MANYAVAR

INE825V01034

Apparel & Accessories Retailers

Market Closed - NSE India S.E. 07:43:48 2024-04-26 am EDT 5-day change 1st Jan Change
937.6 INR +1.28% Intraday chart for Vedant Fashions Limited +2.10% -26.05%

Business Summary

Vedant Fashions Limited is an India-based company. The Company is primarily engaged in manufacturing, trading and sale of readymade ethnic wear for men, women and kids primarily in India under the brand names Manyavar, Mohey, Mebaz, Twamev and Manthan. The Company operates primarily in the manufacturing and trading of readymade garments being Indian wedding and celebration wear for men, women and kids. The Company’s products include men's ethnic and celebration wear items, such as Indo-western, sherwanis, kurtas, and jackets, and accessories, such as jutti, safa and mala, and women’s ethnic and celebration wear items, such as lehengas, sarees, stitched suits, gowns and kurtis. The Company operates through a single segment, branded fashion apparel and accessories. The Company has approximately 600+ stores in over 200 cities and in three countries with 11 international stores in the United Arab Emirates and the United States.

Number of employees: 744

Sales per Business

INR in Million2022Weight2023Weight Delta
Branded Fashion Apparel and Accessories
99.9 %
10,392 99.8 % 13,530 99.9 % +30.19%
Insurance Charges Recovered
0.1 %
7 0.1 % 10 0.1 % +38.72%
Export Incentives
0.0 %
3 0.0 % 7 0.0 % +134.86%
Scrap Sales
0.0 %
6 0.1 % 3 0.0 % -52.01%

Sales per region

INR in Million2022Weight2023Weight Delta
India
97.9 %
10,074 96.9 % 13,251 97.9 % +31.54%
International
2.1 %
318 3.1 % 278 2.1 % -12.53%

Managers

Managers TitleAgeSince
Chief Executive Officer 47 98-12-31
Director of Finance/CFO - 21-04-30
Compliance Officer - -
Corporate Officer/Principal - -
Sales & Marketing 51 23-09-03

Members of the board

Members of the board TitleAgeSince
Director/Board Member 49 17-08-23
Director/Board Member 56 21-09-05
Director/Board Member 45 21-09-05
Chief Executive Officer 47 98-12-31
Director/Board Member 45 02-05-22
Director/Board Member - 21-09-05

Share class

VoteQuantityFree-FloatCompany-owned sharesTotal Float
Stock A 1 242,869,863 60,784,871 ( 25.03 %) 0 25.03 %

Shareholders

NameEquities%Valuation
Ravi Modi Family Trust
57.17 %
138,859,330 57.17 % 1 546 M ₹
Ravi Modi
16.70 %
40,569,556 16.70 % 452 M ₹
SBI Funds Management Ltd.
3.565 %
8,657,798 3.565 % 96 M ₹
Kotak Mahindra Asset Management Co. Ltd.
1.565 %
3,800,690 1.565 % 42 M ₹
ICICI Prudential Life Insurance Co. Ltd. (Invt Port)
1.367 %
3,320,961 1.367 % 37 M ₹
2,656,104 1.094 % 30 M ₹
Canara Robeco Asset Management Co. Ltd.
0.9475 %
2,301,127 0.9475 % 26 M ₹
PGIM India Asset Management Pvt Ltd.
0.7507 %
1,823,188 0.7507 % 20 M ₹
Kotak Mahindra Asset Management (Singapore) Pte Ltd.
0.6938 %
1,684,904 0.6938 % 19 M ₹
Tata AIA Life Insurance Co. Ltd.
0.6713 %
1,630,375 0.6713 % 18 M ₹

Company contact information

Vedant Fashions Ltd.

Paridhan Garment Park 19 Canal South Road

700015, Kolkata

+91 33 2323 5353

http://www.vedantfashions.com
address Vedant Fashions Limited(MANYAVAR)

Sales per Business

Sales per region

Trading Rating
Investor Rating
ESG Refinitiv
C
More Ratings
Sell
Consensus
Buy
Mean consensus
OUTPERFORM
Number of Analysts
9
Last Close Price
937.6 INR
Average target price
1,187 INR
Spread / Average Target
+26.61%
Consensus
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