Open Demat Account

50years
50 Years
of Trust & Legacy
₹0 AMC
for First Year
₹0 Brokerage
on Delivery, Intraday, Currency and NSE F&O
left-arrow
Fundamentals
Financials
Shareholding
Resistance/Support
Delivery and Volume
About
Management
News
Similar Stocks
right-arrow

Vedant Fashions Ltd Performance

Today's Low
895.50
arrowIcon
Today's High
940.00
52 Wk Low
886.05
arrowIcon
52 Wk High
1,487.90


Open

900

Traded Value (Cr)

23.73 Cr

Prev. Close

903.35

VWAP

910.58

Volume

2,26,044

Face Value

1

Vedant Fashions Ltd Fundamentals

Market Cap
₹ 21,949 Cr
P/E Ratio (TTM)
53.89
P/B Ratio
16.53
Debt to Equity
0.27
ROE
30.11 %
EPS (TTM)
16.77
Dividend Yield
1.00%
Book Value
54.68

Click here to know more about Fundamentals

Vedant Fashions Ltd Financials

Vedant Fashions Ltd Financials

Vedant Fashions Ltd Shareholding Pattern

Held By Dec 2023 Sep 2023 Jun 2023 Mar 2023
Promoters 74.98 % 74.99 % 75.00 % 84.88 %
Mutual Funds 10.28 % 11.59 % 12.79 % 8.90 %
FII 7.74 % 6.67 % 6.27 % 3.41 %
Others 4.55 % 4.34 % 3.76 % 1.38 %
Retail 2.44 % 2.40 % 2.18 % 1.43 %

Promoters

74.98%

Mutual Funds

10.28%

FII

7.74%

Others

4.55%

Retail

2.44%

Promoters

74.99%

Mutual Funds

11.59%

FII

6.67%

Others

4.34%

Retail

2.40%

Promoters

75.00%

Mutual Funds

12.79%

FII

6.27%

Others

3.76%

Retail

2.18%

Promoters

84.88%

Mutual Funds

8.90%

FII

3.41%

Others

1.38%

Retail

1.43%

Resistance and Support

₹924.00

PIVOT

resistance-arrow
Resistance
First Resistance₹948.000
Second Resistance₹963.000
Third Resistance₹987.000
support-arrow
Support
First Resistance₹909.000
Second Resistance₹885.000
Third Resistance₹870.000
RSI42.090
MACD-7.224
ADX33.284
CCI-45.844

Delivery and Volume

PeriodDelivery Volume Traded Volume Delivery Volume %
Day226,044154,54658.95
Week238,496150,56471.86
1 Month293,369194,89165.50
6 Months226,044226,044100.00

About Vedant Fashions Ltd

Vedant Fashions Ltd was originally incorporated as Vedant Fashions Private Limited at Kolkata on 24 May 2002. Pursuant to a takeover agreement dated 01 June 2002, the business of a proprietorship firm by the name of 'M/s Vedant Creation', which was being carried out by one of the individual Promoters the company namely Ravi Modi, was transferred to the Company as a going concern. Subsequently, the Company was converted into a public limited company, pursuant to the approval accorded by the Shareholders at their extra-ordinary general meeting held on 16 July 2021. Consequently, the name of the Company was changed to Vedant Fashions Limited on 25 August 2021. Vedanta Fashions is country's largest manufacturer of Indian vending and ethnic wear for men. The company is primarily engaged in manufacturing and trading of readymade garments being men's ethnic wear such as sherwanis, indo-western, kurtas, suits etc. and women's ethnic wear such as lehanga, saree, suit, kurti etc and related accessories.The company markets its products under the brand name of Manyavar, Mohey, Mebaz, Twamev and Manthan. The MANYAVAR brand is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence,The company offer a one-stop destination with a wide-spectrum of product offerings for every celebratory occasion and aim to deliver an aristocratic yet seamless purchase experience to the customers through its aesthetic franchisee-owned exclusive brand stores.The company also focused in the women's Indian wedding and celebration wear market through its brand, Mohey, launched in 2015. On 16 December 2006,the company has allotted 5262800 equity shares of Rs 10 each as bonus shares to the shareholders in the ratio of 1:2. On 24 August 2017,the company has allotted 654237 equity shares of Rs 10 each at a premium of Rs 3429.12 per share to Rhine Holdings Limited on preferential basis. Pursuant to a shareholders' resolution dated 22 November 2017, the Company sub-divided its share capital by sub-dividing the face value of its equity shares from Rs 10 per equity share to Rs 2 per equity share. Accordingly, by virtue of such split, with effect from 22 November 2017. On 05 December 2017, the Company allotted 62557585 equity shares of Rs 2 each as Bonus Shares to the shareholders in the ratio of 1:1. In FY 2017-18, Rainbow Iron & Steel Private Limited (Transferor) was amalgamated with the Company (Transferee) through the Scheme of Arrangement effective from 20 November 2018. On 21 December 2018, the Company made the allotment of 964,225 Equity Shares to Ravi Modi (HUF) and 8,678,025 Equity Shares to Ravi Modi Family Trust (acting through its trustee, Modi Fiduciary Services Private Limited), through Scheme of Amalgamation. During February 2022,the company came out with an Rs 3149.19-crore public issue which was entirely an offer for sale(OFS) by promoters and investors.The IPO shares were allotted at the price of Rs 866 per share including a premium of Rs 865 per share.The allotted shares were listed on the BSE Ltd and National Stock Exchange of India Ltd(NSE) on 16 February 2022. As of, Mar 31, 2022, the Company had a retail footprint of 1.3 million square feet covering 583 EBOs (including shop-in-shops) spanning across 223 cities and towns in India, and 12 EBOs overseas across the United States, Canada, and the UAE. During FY 22-23, the number of Exclusive Brand Outlets (EBOs), increased and as of March 2023, the Company's EBO area stood at 1.47 million square feet, spanning 649 stores (including SIS) in 257 cities and towns globally. The national EBO footprint tally was at 633 stores (including SIS), spread across 245 cities and towns.

Managing Director

Founded

2002

NSE Symbol

MANYAVAR

Vedant Fashions Ltd Management

NameDesignation
RAVI MODIChairman / Executive Director
SHILPI MODIE D & Wholetime Director
Manish ChoksiIndependent Non Exe. Director
Sunish SharmaNon Independent Non Executive
Tarun PuriIndependent Non Exe. Director
Abanti MitraIndependent Non Exe. Director
Navin PareekCompany Sec. & Compli. Officer

Vedant Fashions Ltd News

Vedant Fashions allots 1340 equity shares under ESOP
Vedant Fashions Ltd leads losers in 'A' group
Garware Technical Fibres Ltd, Trent Ltd, Coromandel International Ltd and Bajaj Finance Ltd are among the other losers in the BSE's 'A' group today, 30 January 2024.
Vedant Fashions spurts as Q3 PAT rises to Rs 158 cr
Vedant Fashions jumped 5.33% to Rs 1,127.45 after the company’s consolidated net profit rose 4.9% to Rs 157.71 crore on 7.48% increase in revenue from operations to Rs 474.46 crore in Q3 FY24 over Q3 FY23.
Vedant Fashions consolidated net profit rises 4.90% in the December 2023 quarter
Sales rise 7.48% to Rs 474.46 crore
Board of Vedant Fashions approves scheme of amalgamation
At meeting held on 25 January 2024
Vedant Fashions allots 24,149 equity shares under ESOS
Vedant Fashions schedules board meeting
On 25 January 2024
Vedant Fashions allots 9608 equity shares under ESOP
Vedant Fashions consolidated net profit declines 29.41% in the September 2023 quarter
Sales decline 11.59% to Rs 218.30 crore
Vedant Fashions to conduct board meeting
On 31 October 2023

Similar Stocks

CompanyMarket CapMarket PriceP/E Ratio
DMART₹ 3,02,219 Cr
₹ 4,644.30
(-0.91 %)
116.27
TRENT₹ 1,41,775 Cr
₹ 3,988.20
(0.48 %)
159.93
ABFRL₹ 23,710 Cr
₹ 233.35
(1.48 %)
0.00
REDTAPE₹ 9,808 Cr
₹ 709.70
(1.39 %)
59.23
MEDPLUS₹ 8,271 Cr
₹ 692.00
(0.96 %)
0.00

Vedant Fashions Ltd FAQ

By opening a demat account and having your KYC papers confirmed online, you may simply purchase Vedant Fashions Ltd shares in BlinkX

The share price of any stock is volatile and changes during the day due to a variety of variables. Vedant Fashions Ltd's share price is ₹905.30 as of April 16, 2024

Vedant Fashions Ltd's P/E ratio is 53.89 times as of April 16, 2024.

Vedant Fashions Ltd's most recent financial reports indicate a price-to-book ratio of 16.53, showing the company's stock market valuation in relation to the value of its real assets.

Market capitalisation, often known as market cap, is the market value of all outstanding shares of a publicly listed corporation. Vedant Fashions Ltd's market is 21,949 Cr as on April 16, 2024.

The current financial records of Vedant Fashions Ltd show a 30.11% ROE, showing great financial performance and effective capital utilisation, making it a significant statistic for investors.

The 52-week high/low price of a Vedant Fashions Ltd stock is the highest and lowest price at which it has traded over that period (about one year) and is used as a technical indicator. Vedant Fashions Ltd's 52-week high and low as of April 16, 2024 are ₹940 and ₹895.5 respectively.

As of the Dec 2023 quarter, the promoter shareholding in Vedant Fashions Ltd stands at 74.98%. During the same period, Institutional Investors have shown a slight increase in their holdings, rising from 6.67% to 7.74%.