Aarnav Fashions Limited (AARNAV)

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Aarnav Fashions Limited (AARNAV) · mywealthgrid

About

Aarnav Fashions operates in textiles and apparels (Other Textile Products segment). Revenue has grown from ₹3–14 Cr in 2019–2020 to ₹86–132 Cr in recent quarters, scaling 15×. Small-cap at ₹131.79 Cr market cap; PE 19.4, ROE 5.17%.

Face value: ₹10

Market cap

₹150 Cr

P/E

22.1×

P/B

0.8×

Dividend yield

1.4%

ROE

5.2%

ROCE

9.2%

Debt / equity

0.55

OPM

6.5%

EPS (TTM)

₹1.6

Book value

₹46.5

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Operating margin collapsed from 22% (Jun 2020) to 6.5% today; verify whether this is permanent compression or temporary operational headwind. - ROE of 5.17% is weak; capital efficiency poor relative to cost of funds (D/E 0.55 implies debt-servicing load). - Quarterly margin volatility (6.5–7.74% recently) signals operational or demand instability; check which costs are fixed vs. variable. - Stock returned −18.54% over 1 year despite revenue growth; market questions sustainability of margins or earnings power.

Generated analysis · source review pending

Growth drivers

Revenue grew 15× from ₹3–14 Cr (2019–2020) to ₹86–132 Cr (2026); if growth rate holds, revenue scale alone could drive earnings. - OPM ticked up to 7.74% in Jun 2026 from 6.65% in Mar 2026; verify whether this marks stabilization or recovery trend. - Consistent dividend payout history (2020–2024) despite modest net profit suggests management confidence in cash generation; confirm debt serviceability and capex needs.

Generated analysis · source review pending

1,689 historical price candles were omitted because the exchange source has not been verified.

₹35.5+1%1Y

Quick read

rule-based

Pros

+Profit CAGR of 166.2% over the last 5 years
+Revenue CAGR of 275.4% over the last 5 years
+Dividend payout of 31.1% of profit
+High promoter holding of 66.5% with no pledge

Cons

−Low return on equity of 3.5% (3-yr avg)
−Thin operating margin of 6.5%

Research score

Structured signal from quality, growth, valuation and momentum.

64/100

Business quality: 20
Growth: 100
Valuation

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Screen this industry Compare top 5 side-by-side

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Standalone figures · ₹ crore · years without a filed annual are summed from quarters

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2026
	1	1	2	35	32	462
COGS	—	—	—	-32	-28	348
Gross profit	—	—	—	—	—	115
	1	0	1	65	56	85
	0	0	0	3	4	30
OPM %	12.9%	27.7%	15.2%	8.6%	12.2%	6.5%
Depreciation	—	—	—	0	0	8
Interest	—	0	0	—	—	9
	—	—	—	—	—	1
Profit before tax	0	0	0	3	4	13
Tax	—	0	0	1	1	4
Tax %	—	31.3%	32%	23.9%	28.1%	28.8%
	0	0	0	2	3	9
PAT margin %	11.3%	18.5%	11.4%	6.6%	9.6%	2%
EPS (₹)	0.2	0.4	0.6	1.8	1.9	2.2
EPS adjusted (₹)	—	—	—	—	0.7	2.2
	0%	0%	0%	27.6%	25.9%	—
Annual report	Annual report for Mar 2017	Annual report for Mar 2018	Annual report for Mar 2019	Annual report for Mar 2020	Annual report for Mar 2021	—

₹ Cr	Mar 2021	Mar 2022	Mar 2023	Mar 2026
Equity capital	42	42	42	42
Reserves	123	131	130	154
	143	153	127	109
	156	160	119	93
Total equity & liabilities	464	486	419	398
	—	139	134	132
CWIP	—	—	—	0
Investments	12	12	12	15
	452	335	272	252
Total assets	464	486	419	398

₹ Cr	Mar 2021	Mar 2022	Mar 2026
	-58	15	21
	-161	-1	-16
	223	-13	-2
Net cash flow	4	2	4
Free cash flow	—	—	6
CFO / Operating profit %	—	—	71.4%

Compounded sales growth

7 years: —
5 years: 275%
3 years

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Ratios

Annual operating, return, leverage and working-capital ratios.

Standalone figures

Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2026
Margins
Gross margin %	—	—	—	—	—	24.8%
EBITDA margin %	12.9%	27.7%	15.2%	8.6%	12.2%	6.5%
EBIT margin %	12.9%	27.7%	15.2%	8.6%	12.2%	4.7%
PAT margin %	11.3%	18.5%	11.4%	6.6%	9.6%	2%
Working capital
Receivable days	—	—	—	—	2,099	103
Inventory days	—	—	—	—	1,109	102
Payable days	—	—	—	—	1,139	39
NWC days	—	—	—	—	2,069	166
Leverage
Current ratio	—	—	—	—	1.53	1.65
Debt to EBITDA	—	—	—	—	36.5	3.62
Debt to equity	—	—	—	—	0.87	0.55
Interest coverage	—	18	12	—	—	2.4
Asset turnover	—	—	—	—	0.07	1.16
Return ratios
Return on assets %	—	—	—	—	0.7%	2.3%
Return on capital employed %	—	—	—	—	1.5%	9.2%
Return on equity %	—	—	—	—	1.9%	4.8%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	72.44%	72.44%	72.44%	67.72%	66.53%	66.53%	66.53%	66.53%	66.53%	66.53%	66.53%	66.53%
FII	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	0%	0%	0%	0%	0%	0%	1.67%	1.67%	1.76%	1.76%	0%	0%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	27.56%	27.56%	27.56%	32.28%	33.47%	33.47%	31.8%	31.8%	31.71%	31.71%	33.47%	33.47%
No. of shareholders	—	—	—	—	—	—	—	—	26,634	26,101	25,652	25,205

Promoter holding down 5.91 percentage points since Sep 2023.

21 deals · 18 Aug 2021 – 17 Jul 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
17 Jul 2026	TMW FINTECH PRIVATE LIMITED	Bulk	NSE	Sell	2,24,640	₹31.58	₹0.71 Cr
29 May 2026	MANOJKUMAR JAIN	Bulk	NSE	Sell	2,71,323	₹24.90	₹0.68 Cr
8 May 2026	MANOJKUMAR JAIN	Bulk	NSE	Sell	4,04,367	₹23.96	₹0.97 Cr
19 Mar 2026	MANOJKUMAR JAIN	Bulk	NSE	Buy	4,00,000	₹26.52	₹1.06 Cr
29 Jan 2026	SAROJDEVI SATYANARAYAN KABRA	Bulk	BSE	Sell	2,47,115	₹27.20	₹0.67 Cr
28 Jan 2026	VENTURA SECURITIES LTD (ERROR TRANSACTIONS)	Bulk	BSE	Sell	7,92,000	₹26.00	₹2.06 Cr
28 Jan 2026	SAROJDEVI SATYANARAYAN KABRA	Bulk	BSE	Buy	5,91,644	₹26.00	₹1.54 Cr
7 Nov 2025	RAKESH RAJKRISHAN AGGARWAL	Bulk	BSE	Buy	7,92,000	₹48.92	₹3.87 Cr
7 Nov 2025	KHETAWAT WEALTH MANAGEMENT PRIVATE LIMITED	Bulk	BSE	Sell	3,13,190	₹49.17	₹1.54 Cr
24 Jan 2025	CHANAKYA OPPORTUNITIES FUND I	Bulk	BSE	Buy	2,50,000	₹73.58	₹1.84 Cr

1–10 of 21

1 / 3

Mr. CHAMPALAL GOPIRAM AGARWALExecutive Director-Chairperson
Mr. SUMIT CHAMPALAL AGARWALExecutive Director-MD
Ms. NIDHI SANJAYKUMAR AGGRAWALNon-Executive - Non Independent Director
Radhakishan Lekharam SharmaChief Financial Officer
Mr. MADHUR MURARI TODINon-Executive - Independent Director
Mr. SOURABH PATAWARI VIJAYNon-Executive - Independent Director
Mr. KULDEEP ASHOKBHAI SHAHNon-Executive - Independent Director
Ms. Milee KamdarCompany Secretary & Compliance Officer

Current officeholders as filed with BSE. A person holding two offices is listed once per office.

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

No fund holdings on record

No scheme among the 32 fund houses on record reported a position in Aarnav Fashions Limited. Portfolios are published monthly by each AMC; coverage is still partial.

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Annual reports

Documents link to external sources (exchange filings, company investor pages).

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Events

Upcoming dates and the company’s corporate-action history.

4

Final dividend23 Sept 2024 · ex-date₹0.5
Interim dividend13 May 2022 · ex-date₹0.5
Dividend dividend22 Sept 2021 · ex-date₹0.5
Dividend dividend17 Dec 2020 · ex-date₹0.5

1

Board meeting to consider results28 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

30 announcementsExport CSV

1 Oct 2026, 9:43 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

10 Sept 2026, 5:17 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

8 Sept 2026, 10:23 pmOthers

Reg. 34 (1) Annual Report.

Reg. 34 (1) Annual Report PDF

7 Sept 2026, 11:25 pmAGM/EGM

Notice Of 43Rd Annual General Meeting Of The Company Scheduled To Be Held On September 30,2026

AGM PDF

7 Sept 2026, 8:08 pmOthers

Board Meeting Outcome for Outcome Of Board Meeting

Outcome without intimation PDF

1 Aug 2026, 6:20 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

28 Jul 2026, 6:48 pmBoard Meeting

Board Meeting Outcome for Tthis Is To Inform You That The Board Of Directors Of The Company At Its Meeting Held Today I.E. On Tuesday, July 28, 2026 Approved And Adopted Unaudited Financial Results For The Quarter Ended On June 30, 2026

Outcome of Board Meeting PDF

21 Jul 2026, 10:42 pmCompany Update

Clarification On Price Movement

General PDF

Date	Category	Subject	Filing
1 Oct 2026, 9:43 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Outcome of AGM	PDF
10 Sept 2026, 5:17 pm	Company Update Newspaper Publication	Announcement under Regulation 30 (LODR)-Newspaper Publication

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Ratio	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2026
Margins
Gross margin %	—	—	—	—	—	24.8%
EBITDA margin %	12.9%	27.7%	15.2%	8.6%	12.2%	6.5%
EBIT margin %	12.9%	27.7%	15.2%	8.6%	12.2%	4.7%
PAT margin %	11.3%	18.5%	11.4%	6.6%	9.6%	2%
Working capital
Receivable days	—	—	—	—	2,099	103
Inventory days	—	—	—	—	1,109	102
Payable days	—	—	—	—	1,139	39
NWC days	—	—	—	—	2,069	166
Leverage
Current ratio	—	—	—	—	1.53	1.65
Debt to EBITDA	—	—	—	—	36.5	3.62
Debt to equity	—	—	—	—	0.87	0.55
Interest coverage	—	18	12	—	—	2.4
Asset turnover	—	—	—	—	0.07	1.16
Return ratios
Return on assets %	—	—	—	—	0.7%	2.3%
Return on capital employed %	—	—	—	—	1.5%	9.2%
Return on equity %	—	—	—	—	1.9%	4.8%

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
K.p.r. Mill LimitedKPRMILLKPRMILL	₹36,607 Cr	₹37,203 Cr	₹6,820 Cr	₹1,332 Cr	19.1%	₹912 Cr	13%	21.4%	16.2%	181
Welspun Living LimitedWELSPUNLIVWELSPUNLIV	₹22,941 Cr	₹24,744 Cr	₹9,934 Cr	₹884 Cr	8.4%	₹278 Cr	2.3%	6.6%	4.2%	108
Vardhman Textiles LimitedVTLVTL	₹15,322 Cr	₹17,177 Cr	₹10,186 Cr	₹1,387 Cr	12.6%	₹848 Cr	7.6%	8.6%	7.3%	259
Trident LimitedTRIDENTTRIDENT	₹11,293 Cr	₹13,061 Cr	₹6,781 Cr	₹877 Cr	13%	₹395 Cr	5.6%	10.6%	8%	103
Indo Count Industries LimitedICILICIL	₹8,789 Cr	₹9,862 Cr	₹4,390 Cr	₹424 Cr	9.5%	₹151 Cr	3.1%	10%	5.5%	215
Garware Technical Fibres LimitedGARFIBRESGARFIBRES	₹7,630 Cr	₹7,671 Cr	₹1,644 Cr	₹306 Cr	18.6%	₹190 Cr	13%	21.6%	15.3%	172
Kusumgar LimitedKUSUMGARKUSUMGAR	₹6,222 Cr	₹6,445 Cr	₹692 Cr	₹188 Cr	27.2%	₹98 Cr	14.2%	43.8%	35.2%	—
Filatex India LimitedFILATEXFILATEX	₹4,712 Cr	₹4,840 Cr	₹4,256 Cr	₹346 Cr	8.3%	₹191 Cr	4.4%	17.4%	12.9%	-4
Jindal Worldwide LimitedJINDWORLDJINDWORLD	₹4,594 Cr	₹5,152 Cr	₹2,300 Cr	₹124 Cr	5.9%	₹80 Cr	3.1%	13.5%	7.9%	112
Sanathan Textiles LimitedSANATHANSANATHAN	₹4,257 Cr	₹5,744 Cr	₹4,401 Cr	₹323 Cr	7.5%	₹61 Cr	2%	6.9%	4.2%	-25
Raymond Lifestyle LimitedRAYMONDLSLRAYMONDLSL	₹3,823 Cr	₹5,023 Cr	₹6,973 Cr	₹671 Cr	9.6%	₹43 Cr	0.7%	4%	0.5%	102
Alok Industries LimitedALOKINDSALOKINDS	₹3,505 Cr	₹29,610 Cr	₹3,775 Cr	₹66 Cr	0.8%	₹-711 Cr	-20%	-4%	—	93

Aarnav Fashions Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Ratios

Ratio timeline

Shareholding

Quarterly record

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

No fund holdings on record

Documents

Announcements

Annual reports

Events

Dividends4

Board meetings1

Announcements

Dividends4

Board meetings1

Ratio timeline

No fund holdings on record

Not in the F&O segment

Announcements

Annual reports

Quarterly record

Bulk & block deals

Board and management

Profit & loss

Balance sheet

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

4

1

4

1