Arvind Limited (ARVIND) · mywealthgrid

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About

Arvind Limited manufactures garments and apparels in Consumer Discretionary sector, with market cap ₹14,988 Cr and recent quarterly revenues ₹1.8–2.5 Cr. Operates in Indian textile manufacturing.

Face value: ₹10

Market cap

₹13,997 Cr

P/E

33.8×

P/B

3.5×

Dividend yield

0.8%

ROE

10.6%

ROCE

16.2%

Debt / equity

0.36

OPM

10.8%

EPS (TTM)

₹15.8

Book value

₹154.3

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Valuation stretched: PE of 36.19x vs ROE of 10.57% — verify if earnings growth justifies the multiple
Margin compression: OPM fell from 11.99% (Mar 2026) to 6.89% (Jun 2026) — verify if temporary or structural
Cyclical sector: Consumer Discretionary demand contracts in downturns — verify recession exposure and cost flexibility
Working capital intensive: Textile operations typically require substantial working capital — verify cash conversion cycle adequacy with D/E of 0.36

Generated analysis · source review pending

Growth drivers

Operating margin recovery: Average OPM of 10.8% vs recent Jun 2026 at 6.89% — if compression reverses, unlocks profit growth — verify root cause of decline
Operating leverage: At 10.8% OPM, revenue growth delivers outsized earnings growth through fixed cost base — verify demand trajectory and margin sustainability
Strong quarter potential: Mar 2026 achieved ₹164.56 Cr profit with 11.99% OPM — if repeatable beyond seasonal peak, supports earnings growth — verify trend vs seasonality
Balance sheet capacity: D/E of 0.36 with consistent dividends indicates capital for investment — verify capex and working capital deployment plans

Generated analysis · source review pending

2,528 historical price candles were omitted because the exchange source has not been verified.

₹534.1-2.1%1Y

Quick read

rule-based

Pros

+Dividend payout of 28.5% of profit

Cons

−Low return on equity of 10% (3-yr avg)

Research score

Structured signal from quality, growth, valuation and momentum.

43/100

Business quality: 37
Growth: 36
Valuation: 55

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.

Part ofNIFTY MICROCAP 250 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Page Industries LimitedPAGEINDPAGEIND	₹41,059 Cr	₹41,071 Cr	₹5,351 Cr	₹1,147 Cr	22%	₹756 Cr	14.6%	65.7%	52.5%	138
Arvind LimitedARVINDARVIND	₹13,997 Cr	₹15,438 Cr	₹9,798 Cr	₹1,067 Cr	10.8%	₹414 Cr	4.6%	16.2%	10.6%	73
Pearl Global Industries LimitedPGILPGIL	₹5,835 Cr	₹6,522 Cr	₹5,325 Cr	₹515 Cr	9.2%	₹310 Cr	5.4%	24.9%	21.2%	55
Gokaldas Exports LimitedGOKEXGOKEX	₹5,049 Cr	₹6,026 Cr	₹4,185 Cr	₹371 Cr	8.9%	₹103 Cr	2.5%	9.9%	4.7%	155
Lux Industries LimitedLUXINDLUXIND	₹3,287 Cr	₹3,867 Cr	₹2,933 Cr	₹187 Cr	6.1%	₹102 Cr	3.6%	10%	5.8%	263
Kewal Kiran Clothing LimitedKKCLKKCL	₹2,930 Cr	₹2,978 Cr	₹1,258 Cr	₹250 Cr	19.6%	₹148 Cr	12.6%	18.9%	16.1%	201
Sbc Exports LimitedSBCSBC	₹2,788 Cr	₹3,015 Cr	₹452 Cr	₹41 Cr	8.3%	₹40 Cr	6.3%	44.4%	37.2%	143
S. P. Apparels LimitedSPALSPAL	₹2,348 Cr	₹2,749 Cr	₹1,576 Cr	₹226 Cr	13.8%	₹105 Cr	6.4%	18.9%	11.2%	156
Kitex Garments LimitedKITEXKITEX	₹2,328 Cr	₹3,527 Cr	₹629 Cr	₹4 Cr	4.3%	₹-50 Cr	-2%	1.4%	-1.3%	173
Cantabil Retail India LimitedCANTABILCANTABIL	₹1,878 Cr	₹1,878 Cr	₹873 Cr	₹275 Cr	31%	₹97 Cr	11.2%	19.6%	22%	337
Dollar Industries LimitedDOLLARDOLLAR	₹1,543 Cr	₹1,820 Cr	₹1,887 Cr	₹205 Cr	10.6%	₹112 Cr	5.7%	17.1%	11.9%	236
Monte Carlo Fashions LimitedMONTECARLOMONTECARLO	₹1,082 Cr	₹1,411 Cr	₹1,286 Cr	₹220 Cr	17.8%	₹105 Cr	8.8%	17.5%	12.9%	384

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Financials

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

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	5,365	9,258	10,826	7,142	7,369	5,073	8,034	8,382	7,738	8,329	9,303
COGS	64	1,648	5,260	346	3,736	2,522	4,122	4,471	3,679	3,963	4,495
Gross profit	5,301	7,609	5,567	6,796	3,633	2,551	3,912	3,912	4,059	4,366	4,809
	4,510	6,672	4,599	6,079	2,943	2,088	3,122	3,110	3,214	3,514	3,797
	790	937	968	717	690	463	789	801	845	852	1,011
OPM %	14.7%	10.1%	8.9%	10%	9.4%	9.1%	9.8%	9.6%	10.9%	10.2%	10.9%
Depreciation	149	294	359	235	290	285	272	253	266	259	290
Interest	292	288	258	220	237	225	176	164	159	166	165
	100	100	40	130	5	16	37	100	43	65	39
Profit before tax	451	420	390	—	168	-31	378	484	463	493	595
Tax	131	99	75	62	76	-4	136	71	111	125	168
Tax %	29%	23.6%	19.1%	—	45.1%	-11.4%	36.1%	14.6%	23.9%	25.5%	28.3%
	321	321	316	228	92	-27	242	413	353	367	427
PAT margin %	6%	3.5%	2.9%	3.2%	1.3%	-0.5%	3%	4.9%	4.6%	4.4%	4.6%
EPS (₹)	12.4	—	12	9.2	3.7	-0.6	9.2	15.5	12.9	13.5	15.8
EPS adjusted (₹)	12.4	12.2	—	—	3.7	-0.6	9.1	15.5	12.9	13.5	15.8
	19.3%	—	20.1%	21.9%	0%	—	0%	37.1%	36.9%	27.8%	28.5%
Annual report	Annual report for Mar 2016	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	Annual report for Mar 2022	Annual report for Mar 2023	Annual report for Mar 2024	Annual report for Mar 2025	—

₹ Cr	Mar 2016	Mar 2017	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	258	258	259	259	261	262	262	262	262
Reserves	2,171	2,388	—	2,460	2,690	3,084	3,281	3,524	3,782
Minority interest	40	56	—	47	56	59	78	85	97
	3,238	3,488	—	1,773	1,560	1,404	1,325	1,376	1,441
	1,802	2,002	—	2,181	3,138	2,106	2,314	2,852	3,254
Total equity & liabilities	7,510	8,192	—	6,721	7,705	6,914	7,260	8,099	8,836
	3,056	3,357	3,774	3,568	3,313	3,259	3,234	3,455	3,878
CWIP	95	98	—	78	45	79	117	407	119
Investments	306	424	—	93	234	379	355	274	384
	4,052	4,313	—	2,982	4,112	3,197	3,555	3,963	4,455
Total assets	7,510	8,192	—	6,721	7,705	6,914	7,260	8,099	8,836

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs. ROCE uses that annual result divided by segment assets less liabilities.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities	Capital employed	ROCE %
Textiles	7,147.77	496.52	5,543.12	2,184.3	3,358.82	14.78
Advanced Materials	1,838.5	250.66

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Ratios

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

Consolidated Standalone

Consolidated figures

Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	95.2%	49.3%	50.3%	48.7%	46.7%	52.5%	52.4%	51.7%
EBITDA margin %	10%	9.4%	9.1%	9.8%	9.5%	10.9%	10.3%	10.8%
EBIT margin %	6.7%	5.5%	3.5%	6.4%	6.5%	7.5%	7.1%	7.7%
PAT margin %	3.2%	1.3%	-0.5%	3%	4.9%	4.6%	4.4%	4.6%
Working capital
Receivable days	—	—	79	50	42	50	52	57
Inventory days	—	—	168	196	135	197	197	177
Payable days	—	—	203	193	101	136	152	160
NWC days	—	—	44	53	76	111	96	73
Leverage
Current ratio	—	—	1.08	1.11	1.1	1.12	1.08	1.14
Debt to EBITDA	—	—	3.83	1.98	1.75	1.57	1.61	1.43
Debt to equity	—	—	0.65	0.53	0.42	0.37	0.36	0.36
Interest coverage	2.6	1.9	1	3.2	3.6	3.9	4	4.7
Asset turnover	—	—	0.75	1.04	1.21	1.07	1.03	1.05
Return ratios
Return on assets %	—	—	-0.4%	3.1%	6%	4.9%	4.5%	4.8%
Return on capital employed %	—	—	5.6%	13.8%	14.5%	15.1%	15.1%	16.2%
Return on equity %	—	—	-1%	8.2%	12.3%	10%	9.7%	10.6%

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
	41.14%	41.14%	41.13%	39.61%	39.59%	39.59%	39.58%	39.56%	39.53%	39.53%	39.53%	39.53%
	10.56%	12.63%	15.15%	17.53%	18.32%	18.67%	18.72%	17.58%	16.82%	16.51%	16.1%	16.44%
	13.11%	14.25%	14.81%	16.32%	17.21%	17.61%	18.1%	18.1%	18.7%	19.31%	20.04%	19.89%
Government	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%	0%
	35.19%	31.98%	28.91%	26.54%	24.88%	24.13%	23.6%	24.76%	24.95%	24.65%	24.33%	24.14%
No. of shareholders	—	—	—	—	—	—	—	—	1,87,498	1,78,602	1,76,908	1,81,012

Promoter holding down 1.61 percentage points since Sep 2023.

1 disclosure

Person	Deal	Shares	Value	Holding	Filed
Susheelkumar Mohanlal KaulDirector	BuyESOP	1,33,333	₹3.52 cr	0.11% → 0.16%	1 Sept 20257(2)

Disclosed under SEBI’s insider-trading regulations, which require a filing only above ₹10 lakh in a quarter — smaller dealings are in no disclosure. Holdings are the filer’s own percentages, not recomputed.

12 deals · 13 Oct 2021 – 24 Jun 2024

Date	Client	Type	Venue	Side	Quantity	Price	Value
24 Jun 2024	AURA SECURITIES PRIVATE LIMITED	Bulk	BSE	Sell	40,00,000	₹350.04	₹140.02 Cr
21 Dec 2023	THE ROYAL BANK OF SCOTLAND PLC AS TRUSTEE OF JUPITER GLOBAL MANAGED FUND	Block	BSE	Buy	4,87,410	₹240.90	₹11.74 Cr
21 Dec 2023	JUPITER SOUTH ASIA INVESTMENT COMPANY LIMITED	Block	BSE	Sell	4,87,410	₹240.90	₹11.74 Cr
30 Nov 2023	BNP PARIBAS ARBITRAGE	Bulk	NSE	Sell	16,12,497	₹225.96	₹36.44 Cr
30 Nov 2023	BNP PARIBAS ARBITRAGE	Bulk	NSE	Buy	138	₹216.54	₹0.00 Cr
2 Nov 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	14,75,710	₹202.87	₹29.94 Cr
2 Nov 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	14,75,710	₹203.08	₹29.97 Cr
31 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Sell	18,14,753	₹193.45	₹35.11 Cr
31 Oct 2023	GRAVITON RESEARCH CAPITAL LLP	Bulk	NSE	Buy	18,14,753	₹193.33	₹35.08 Cr
2 Jun 2022	BIRLA SUNLIFE INSURANCE CO.LTD	Bulk	NSE	Sell	16,29,479	₹101.12	₹16.48 Cr

1–10 of 12

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Mr. Sanjaybhai Shrenikbhai LalbhaiExecutive Director-Chairperson-MD
Mr. Punit Sanjay LalbhaiExecutive Director
Mr. Kulin Sanjay LalbhaiExecutive Director
Mr. Jayesh Kantilal ShahExecutive Director
Mr. Nigam Gautamkumar ShahExecutive Director
Mr. Nagesh Dinkar PingeNon-Executive - Independent Director
Mr. Nilesh Bansilal MehtaNon-Executive - Independent Director
Ms. Reena Pravin BhagwatiNon-Executive - Independent Director
Mr. Gokul Mrugesh JaykrishnaNon-Executive - Independent Director
Ms. Ismet Tehmesp KhambattaNon-Executive - Independent Director
Mr. Pritesh ShahCompany Secretary & Compliance Officer

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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.

Portfolio month

Schemes holding

across 10 fund houses

Held by these funds

3.23%

of the company's equity

All mutual funds

19.25%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

21 schemes · 10 fund houses

		Shares
SMALL CAP FUNDNEW	Nippon India Mutual Fund	14.85 L	82.52	0.1%	0.567%	—
SMALL CAP FUND	Bank of India Mutual Fund	11 L	61.12	1.85%	0.42%	-0
(LIVE SCHEMES)	ITI Mutual Fund	10.21 L	56.73	1.57%	0.39%	-37,534
Multi Asset Allocation FundNEW	SBI Mutual Fund	10.1 L	56.12	0.27%	0.385%	—
Comma Fund	SBI Mutual Fund	7.6 L	42.23	3.42%	0.29%	-0
Long Term Advantage Fund - Series VNEW	SBI Mutual Fund	4.75 L	26.41	6.93%	0.181%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	4.09 L	22.7	0.91%	0.156%	-8,945
ESG Integration Strategy FundNEW	Axis Mutual Fund	3.96 L	22.01	2.05%	0.151%	—

1–8 of 21

1 / 3

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Documents

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

Announcements

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Events

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

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

32 announcementsExport CSV

28 Sept 2026, 2:50 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

22 Sept 2026, 6:39 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

22 Sept 2026, 5:22 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

17 Sept 2026, 6:02 pmCompany Update

Announcement under Regulation 30 (LODR)-Updates on Acquisition

Acquisition PDF

14 Sept 2026, 10:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

27 Aug 2026, 4:07 pmCompany Update

Intimation Regarding Dispatch Of Letter To Those Shareholders Whose E-Mail Address Are Not Registered For Annual Report Of FY 2025-26

General PDF

27 Aug 2026, 4:05 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

26 Aug 2026, 6:23 pmCorp. Action

Intimation Of Record Date Pursuant To Regulation 42 Of SEBI (LODR) Regulations, 2015

Record Date PDF

Date	Category	Subject	Filing
28 Sept 2026, 2:50 pm	Insider Trading / SAST Closure of Trading Window	Closure of Trading Window	PDF
22 Sept 2026, 6:39 pm	AGM/EGM AGM	Shareholder Meeting / Postal Ballot-Scrutinizer''s Report	PDF

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Ratio	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Margins
Gross margin %	95.2%	49.3%	50.3%	48.7%	46.7%	52.5%	52.4%	51.7%
EBITDA margin %	10%	9.4%	9.1%	9.8%	9.5%	10.9%	10.3%	10.8%
EBIT margin %	6.7%	5.5%	3.5%	6.4%	6.5%	7.5%	7.1%	7.7%
PAT margin %	3.2%	1.3%	-0.5%	3%	4.9%	4.6%	4.4%	4.6%
Working capital
Receivable days	—	—	79	50	42	50	52	57
Inventory days	—	—	168	196	135	197	197	177
Payable days	—	—	203	193	101	136	152	160
NWC days	—	—	44	53	76	111	96	73
Leverage
Current ratio	—	—	1.08	1.11	1.1	1.12	1.08	1.14
Debt to EBITDA	—	—	3.83	1.98	1.75	1.57	1.61	1.43
Debt to equity	—	—	0.65	0.53	0.42	0.37	0.36	0.36
Interest coverage	2.6	1.9	1	3.2	3.6	3.9	4	4.7
Asset turnover	—	—	0.75	1.04	1.21	1.07	1.03	1.05
Return ratios
Return on assets %	—	—	-0.4%	3.1%	6%	4.9%	4.5%	4.8%
Return on capital employed %	—	—	5.6%	13.8%	14.5%	15.1%	15.1%	16.2%
Return on equity %	—	—	-1%	8.2%	12.3%	10%	9.7%	10.6%

₹ Cr	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	705	551	428	2,358	860	776	595	666	696	763	867
	-545	66	-356	86	-306	-81	-121	-135	-277	-504	-607
	-163	-621	-55	-1,019	-575	-717	-439	-534	-419	-271	-228
Net cash flow	-3	-4	—	1,425	—	-22	34	-3	1	-12	32
Free cash flow	277	—	-102	1,709	446	660	409	462	418	228	358
CFO / Operating profit %	89.2%	58.8%	44.4%	329%	124.3%	167.8%	75.4%	83.3%	82.4%	89.4%	86.3%

Arvind Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Segment results

Ratios

Shareholding

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Not in the F&O segment

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

14

1

Segment results

Compounded sales growth

Compounded profit growth

Return on equity

Advanced Material · revenue

Arvind Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Segment results

Ratios

Ratio timeline

Shareholding

Quarterly record

Insider dealing

Bulk & block deals

Board and management

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Events

Announcements

Ratio timeline

Not in the F&O segment

Quarterly record

Insider dealing

Bulk & block deals

Board and management

Announcements

Annual reports

Credit ratings

Investor Presentation and earnings call

Dividends14

Board meetings1

Profit & loss

Balance sheet

Segment results

Cash flow

Compounded returns

Compounded sales growth

Compounded profit growth

Return on equity

Advanced Material · revenue

14

1