---
title: "Arvind Products Ltd(merged) (532489) — Share Price, Financials & Analysis"
symbol: "532489"
company: "Arvind Products Ltd(merged)"
canonical: "https://tapetide.com/stocks/532489"
isin: "INE764A01013"
bse_code: "532489"
generated_at: "2026-10-13T10:59:36.160Z"
---

# Arvind Products Ltd(merged) (532489)

Canonical page: https://tapetide.com/stocks/532489

## Company

- **BSE Code:** 532489
- **ISIN:** INE764A01013
- **Stock Type:** DELISTED
- **Face Value:** ₹10
- **F&O Eligible:** No

## Latest Price

## Key Insights

### Weaknesses

- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 9.72% over past five years.
- Company has a low return on equity of -30.5% over last 3 years.

## Growth Rates

| Metric | 1Y | 3Y | 5Y |
| --- | --- | --- | --- |
| net income growth | -87% | -45% | 16% |
| revenue growth | 31% | 12% | 10% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 1821 | 1778 | 1978 | 1942 | 2075 | 2071 | 2108 | 2275 | 2228 | 2464 | 2766 | 2809 |
| Expenses | 1625 | 1564 | 1737 | 1703 | 1830 | 1830 | 1879 | 2025 | 1970 | 2199 | 2456 | 2495 |
| Operating Profit | 196 | 214 | 240 | 239 | 245 | 241 | 229 | 250 | 258 | 265 | 309 | 314 |
| OPM % | 11 | 12 | 12 | 12 | 12 | 12 | 11 | 11 | 12 | 11 | 11 | 11 |
| Other Income | 34 | 25 | 26 | 20 | 28 | 28 | 35 | 17 | 36 | 43 | 8 | 4 |
| Interest | 26 | 22 | 19 | 18 | 23 | 19 | 20 | 24 | 26 | 28 | 28 | 35 |
| Depreciation | 35 | 36 | 36 | 36 | 45 | 42 | 45 | 46 | 53 | 52 | 60 | 63 |
| Profit before tax | 169 | 181 | 211 | 204 | 204 | 208 | 200 | 198 | 216 | 228 | 229 | 220 |
| Tax % | 22 | 24 | 26 | 25 | 27 | 25 | 25 | 27 | 26 | 26 | 28 | 29 |
| Net Profit | 132 | 137 | 157 | 153 | 150 | 155 | 151 | 145 | 161 | 168 | 164 | 157 |
| EPS in Rs | 3.69 | 3.96 | 4.49 | 4.35 | 4.28 | 4.41 | 4.27 | 4.13 | 4.62 | 4.85 | 4.72 | 4.53 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 |
| --- | --- | --- | --- | --- | --- | --- |
| Sales | 390 | 447 | 438 | 378 | 475 | 620 |
| Expenses | 342 | 387 | 381 | 339 | 426 | 568 |
| Operating Profit | 48 | 61 | 57 | 39 | 49 | 52 |
| OPM % | 12 | 14 | 13 | 10 | 10 | 8 |
| Other Income | 3 | 3 | 3 | 6 | 6 | 4 |
| Interest | 24 | 21 | 20 | 32 | 27 | 24 |
| Depreciation | 34 | 35 | 36 | 35 | 36 | 31 |
| Profit before tax | -7 | 7 | 3 | -23 | -8 | 0 |
| Tax % | 2 | 3 | 6 | 1 | -151 | 0 |
| Net Profit | -7 | 7 | 3 | -23 | 4 | 0 |
| EPS in Rs | -0.91 | 0.88 | 0.36 | -2.85 | 0.5 | 0.05 |
| Dividend Payout % | 0 | 0 | 0 | 0 | 0 | 0 |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 |
| --- | --- | --- | --- | --- | --- | --- |
| Equity Capital | 81 | 81 | 81 | 81 | 81 | 81 |
| Reserves | -51 | -44 | -41 | -66 | -62 | -61 |
| Borrowings | 294 | 241 | 312 | 280 | 256 | 230 |
| Other Liabilities | 171 | 194 | 93 | 142 | 202 | 291 |
| Total Liabilities | 495 | 472 | 445 | 437 | 477 | 540 |
| Fixed Assets | 310 | 285 | 272 | 267 | 237 | 218 |
| CWIP | 7 | 13 | 14 | 1 | 4 | 12 |
| Investments | 0 | 0 | 0 | 0 | 22 | 22 |
| Other Assets | 178 | 174 | 159 | 168 | 214 | 288 |
| Total Assets | 495 | 472 | 445 | 437 | 477 | 540 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 |
| --- | --- | --- | --- | --- | --- | --- |
| Cash from Operating Activity | 33 | 90 | -25 | 95 | 79 | 68 |
| Cash from Investing Activity | -13 | -15 | -23 | -26 | -27 | -17 |
| Cash from Financing Activity | -21 | -75 | 48 | -69 | -51 | -51 |
| Net Cash Flow | -1 | 0 | 0 | 0 | 2 | 1 |
| Free Cash Flow | 16 | 74 | -49 | 80 | 71 | 48 |
| CFO/OP | 69 | 150 | -44 | 246 | 161 | 131 |

### Ratios

| Item | Mar 2006 | Mar 2007 | Mar 2008 | Mar 2009 | Mar 2010 | Mar 2011 |
| --- | --- | --- | --- | --- | --- | --- |
| Debtor Days | 44 | 35 | 19 | 23 | 29 | 30 |
| Inventory Days | 229 | 198 | 220 | 254 | 237 | 214 |
| Days Payable | 338 | 0 | 0 | 298 | 349 | 340 |
| Cash Conversion Cycle | -65 | 234 | 239 | -21 | -83 | -96 |
| Working Capital Days | 15 | -8 | 64 | 35 | 6 | -10 |
| ROCE % | — | 9 | 7 | 3 | 7 | 9 |

## Shareholding Pattern

### annual

| Category | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 67.19% | 56.01% | 56.03% | 56.8% | 56.81% | 56.81% | 51% | 51% | 51% | 51% |
| FIIs | 1.22% | 3.79% | 1.56% | 1.42% | 1.14% | 1.38% | 5.04% | 5.14% | 9.79% | 8.92% |
| DIIs | 1.13% | 13.75% | 9.91% | 6.32% | 3.51% | 3.39% | 3% | 4.08% | 6.16% | 9.63% |
| Government | 0% | 0.13% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Public | 30.46% | 26.32% | 32.51% | 35.46% | 38.53% | 38.42% | 40.94% | 39.76% | 33.04% | 30.43% |
| No. of Shareholders | 23089 | 58074 | 75740 | 76894 | 110447 | 171432 | 150065 | 177947 | 202829 | 203633 |

### Quarterly

| Category | Mar 2023 | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
| Promoters | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% | 51% |
| FIIs | 5.04% | 6.48% | 6.01% | 5.73% | 5.14% | 5.89% | 8.03% | 9.33% | 9.79% | 10.15% | 10.12% | 8.92% |
| DIIs | 3% | 3.29% | 5.08% | 5.12% | 4.08% | 5.67% | 5.76% | 5.86% | 6.16% | 7.22% | 8.34% | 9.63% |
| Public | 40.94% | 39.22% | 37.89% | 38.15% | 39.76% | 37.44% | 35.19% | 33.8% | 33.04% | 31.61% | 30.52% | 30.43% |
| No. of Shareholders | 150065 | 144032 | 153338 | 163196 | 177947 | 173573 | 193968 | 201008 | 202829 | 199337 | 207032 | 203633 |

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 2026-03-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fdacd7df-ee00-409d-8931-f35a38aa8006.pdf) |
| 2026-02-26 | [Board Meeting Outcome for Outcome Of The Board Meeting](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ee13f7dc-c222-49ad-9f05-a5eca5706214.pdf) |
| 2026-02-26 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/xml-data/corpfiling/AttachHis/3cd60cfd-3a78-4060-9b3e-36f565d22b8d.pdf) |
| 2026-02-26 | [The Record Date For The Purpose Of Reckoning The Members For Sending Out The Postal Ballot Notice Electronically And For The Purpose Of E-Voting Shall Be, Friday, 6Th March, 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/a878904d-7f03-46e2-8c78-78770b4c0ba4.pdf) |
| 2026-02-25 | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015- Update On The Countervailing Duty (CVD) Order](https://www.bseindia.com/xml-data/corpfiling/AttachHis/58fe6bf3-7ad1-420c-a2ba-63d819045832.pdf) |
| 2026-02-25 | [Announcement under Regulation 30 (LODR)-Credit Rating](https://www.bseindia.com/xml-data/corpfiling/AttachHis/82c09068-ed47-409d-a180-bff8f0692b31.pdf) |
| 2026-02-25 | [Disclosure Under Regulation 30 Of SEBI (LODR) Regulation, 2015- Update On Countervailing Duty (CVD) Order](https://www.bseindia.com/xml-data/corpfiling/AttachLive/22a1ac73-505b-42d2-90ed-9aaa61ecdc82.pdf) |
| 2026-02-24 | [Intimation Under Regulation 30 Of SEBI (LODR) Regulations, 2015.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/02c9afb9-9325-4b35-9a79-fc515b5a1d40.pdf) |
| 2026-02-20 | [Announcement under Regulation 30 (LODR)-Updates on Acquisition](https://www.bseindia.com/xml-data/corpfiling/AttachLive/7e231035-df13-45f6-9b37-3d4e2d747eca.pdf) |
| 2026-02-16 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/xml-data/corpfiling/AttachHis/53e9327a-ee1e-4e9e-a5a5-eaf8948c4873.pdf) |

### Annual Reports

| Date | Document |
| --- | --- |
| 2025 | [Financial Year 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e745ed8f-c779-4d71-bb7e-aa9628906b1f.pdf) |
| 2024 | [Financial Year 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/b5baa352-2627-4167-8be6-b360ca3649bc.pdf) |
| 2023 | [Financial Year 2023](https://www.bseindia.com/xml-data/corpfiling/AttachHis/6d0a42b9-37e0-4ff3-b61e-5bec00f83254.pdf) |
| 2022 | [Financial Year 2022](https://www.bseindia.com/bseplus/AnnualReport/532783/76454532783.pdf) |
| 2021 | [Financial Year 2021](https://www.bseindia.com/bseplus/AnnualReport/532783/71138532783.pdf) |
| 2020 | [Financial Year 2020](https://www.bseindia.com/bseplus/AnnualReport/532783/65944532783.pdf) |
| Mar 2019 | [Financial Year 2019](https://www.bseindia.com/bseplus/AnnualReport/532783/5327830319.pdf) |
| Mar 2018 | [Financial Year 2018](https://www.bseindia.com/bseplus/AnnualReport/532783/5327830318.pdf) |
| Mar 2017 | [Financial Year 2017](https://www.bseindia.com/bseplus/AnnualReport/532783/5327830317.pdf) |
| Mar 2016 | [Financial Year 2016](https://www.bseindia.com/bseplus/AnnualReport/532783/5327830316.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c9d81156-cb70-4fb9-bb76-1092a2665e97.pdf) |
| Nov 2025 | [Concall - Nov 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f30aa581-5176-4f34-9397-33fcead23d49.pdf) |
| Aug 2025 | [Concall - Aug 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/d9eb606e-bf0f-4882-ba3f-288c556cc16f.pdf) |
| Jun 2025 | [Concall - Jun 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bcf43d3c-622d-416f-b091-5daefe5dd481.pdf) |
| May 2025 | [Concall - May 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/7ef4634d-05f8-4d0d-8185-255968d6e17c.pdf) |
| Feb 2025 | [Concall - Feb 2025](https://www.bseindia.com/xml-data/corpfiling/AttachHis/e13761e4-3fb6-4628-8f40-d7a564e2beb5.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/793bdbd0-aa11-4161-9b7b-44655dbfe404.pdf) |
| Oct 2024 | [Concall - Oct 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/f92a1b47-0ae2-4d99-9a35-898d528ac10c.pdf) |
| Jul 2024 | [Concall - Jul 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/ac6956dd-f33d-4704-8251-13ab6dd5fa21.pdf) |
| May 2024 | [Concall - May 2024](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bc41339b-cff3-4295-a0e4-750b22e3e3da.pdf) |

### Credit Rating Reports

| Date | Document |
| --- | --- |
| 2026-02-25 | Credit rating update — CRISIL |
| 2025-11-26 | Credit rating update — India Ratings |
| 2025-07-28 | Credit rating update — CRISIL |
| 2024-11-28 | Credit rating update — India Ratings |
| 2024-04-30 | Credit rating update — CRISIL |
| 2023-11-30 | Credit rating update — India Ratings |
| 2023-02-28 | Credit rating update — CRISIL |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-10-13T10:59:36.160Z.