Arvind
Arvind
TextilesKey Fundamentals
SmallcapTextiles & ApparelsTextilesTapetide Score
Data-driven rating, 0–100. How it works →
Key Insights
Strengths
1- Company has been maintaining a healthy dividend payout of 31.1%
Weaknesses
3- Stock is trading at 3.46 times its book value
- Promoter holding has decreased over last quarter: -1.44%
- Company has a low return on equity of 9.90% over last 3 years.
Growth Rate
AI Analysis — Bull vs Bear
Arvind Ltd has a market capitalisation of about ₹14,355 Cr and trades at a P/E of 34.8x and a P/B of 3.29x. Trailing twelve month (TTM) sales grew 15% and TTM profit grew 19%, but 3-year sales and profit growth were only 4% and 6%, and 3-year ROE averaged about 10%. The stock has risen 79% over the past year. Its valuation now sits well above what its long-term growth record and return profile have historically supported.
- Recent growth has picked up. TTM sales grew 15% and TTM profit grew 19%, well above the 3-year CAGRs of 4% and 6%.
- Profit growth has outpaced sales growth over every period shown: TTM 19% vs 15%, 3 years 6% vs 4%, 10 years 3% vs 2%. This points to gradual improvement in operating efficiency or product mix.
- 5-year sales CAGR of 13% shows a strong recovery in revenue from the pandemic-era low.
- ROE is trending up. Last year's ROE was 11%, above the 3-year and 5-year averages of 10% and the 10-year average of 8%.
- The company keeps a steady dividend payout of 31.1%, giving a dividend yield of 0.82%. This shows a consistent approach to returning capital to shareholders.
- Shareholder returns have been strong over several periods: 42% CAGR over 5 years and 47% over 3 years. The market has consistently rewarded the company's recovery.
- A market cap of about ₹14,355 Cr makes Arvind one of the larger listed textile companies in India. That size helps with scale in denim, wovens and garmenting exports.
- A P/E of 34.8x looks high next to a 3-year profit CAGR of just 6%. The valuation assumes the recent TTM growth of 19% will continue.
- The stock trades at 3.29x–3.56x book value while 3-year average ROE is only about 9.9%. The market is pricing in much higher future returns than the company has delivered.
- Long-term growth has been weak. 10-year sales CAGR is only 2% and 10-year profit CAGR is only 3%. These figures are partly distorted by past demergers.
- The 5-year profit CAGR of 134% comes largely from a low pandemic-period starting point. It overstates the company's underlying earnings growth.
- Promoter holding fell 1.44% in the last quarter. Some investors may read this as a negative signal about insider confidence.
- The share price rose 79% in one year, much faster than TTM profit growth of 19%. Most of the gain came from the market paying a higher multiple, not from earnings growth, so the valuation has less room for disappointment.
- Dividend yield of 0.82% is low, so dividends offer limited support at the current price if growth slows.
- Textiles is a cyclical, export-heavy business. It is exposed to cotton price swings, global apparel demand and currency moves, which has kept long-term ROE around 8% (10-year average).
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
- Torrent Urja 21 stake acquisition completed Sep 17
Arvind completed its purchase of a 26.60% equity stake in Torrent Urja 21 Private Limited on September 17, 2026, as set out in its earlier disclosure. A stake of around 26% usually points to a captive renewable power arrangement, which could lower energy costs. The article doesn't confirm this.
- FY26 financials adopted, dividend declared Sep 22
At the AGM on September 22, 2026, shareholders adopted the audited FY26 financials, approved a final dividend and re-appointed key directors. The article doesn't give the dividend amount.
- Management meeting with LIC Mutual Fund Sep 14
Arvind said under SEBI Listing Regulations that senior management would meet LIC Mutual Fund in Ahmedabad on September 17, 2026. This is routine investor outreach that could keep institutional interest up.
TL;DR: Recent news for Arvind is mostly routine corporate updates, with no negative items. The only clear positive is the completed 26.60% stake in Torrent Urja 21, which may help energy costs in a power-heavy textiles business. The AGM approvals and the LIC Mutual Fund meeting suggest steady governance and active investor outreach, but none of the articles cover operating results, margins or export demand. Overall the picture looks stable to slightly better, and the next quarterly results and any export or tariff news will matter more for the trend.
Quarterly Results
| Particulars | Jun 2023 | Sep 2023 | Dec 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 1,853 | 1,922 | 1,888 | 2,075 | 1,831 | 2,188 | 2,089 | 2,221 | 2,006 | 2,371 | 2,373 | 2,553 | 2,501 |
| Expenses | 1,673 | 1,716 | 1,673 | 1,832 | 1,681 | 1,967 | 1,853 | 1,976 | 1,829 | 2,124 | 2,100 | 2,247 | 2,261 |
| Operating Profit | 180 | 206 | 216 | 243 | 150 | 221 | 236 | 245 | 177 | 247 | 273 | 306 | 240 |
| OPM % | 10% | 11% | 11% | 12% | 8% | 10% | 11% | 11% | 9% | 10% | 11% | 12% | 10% |
| Other Income | 13 | 13 | 10 | 8 | 13 | 12 | 11 | 30 | 9 | 15 | -12 | 35 | -4 |
| Interest | 37 | 39 | 39 | 45 | 40 | 39 | 40 | 47 | 41 | 41 | 42 | 41 | 54 |
| Depreciation | 65 | 67 | 66 | 67 | 68 | 60 | 62 | 69 | 69 | 72 | 72 | 78 | 93 |
| PBT | 92 | 113 | 120 | 138 | 54 | 135 | 145 | 158 | 76 | 149 | 147 | 223 | 89 |
| Tax % | 24% | 26% | 21% | 24% | 19% | 53% | 27% | 2% | 28% | 28% | 31% | 26% | 35% |
| Net Profit | 70 | 84 | 94 | 104 | 44 | 63 | 106 | 155 | 55 | 107 | 101 | 165 | 58 |
| EPS in Rs | 2.52 | 3.06 | 3.51 | 3.79 | 1.5 | 2.28 | 3.95 | 5.77 | 2.03 | 3.94 | 3.72 | 6.09 | 2.04 |
Profit & Loss
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 7,851 | 8,011 | 9,221 | 6,794 | 7,142 | 7,369 | 5,073 | 8,010 | 8,382 | 7,738 | 8,329 | 9,303 | 9,798 |
| Expenses | 6,816 | 7,037 | 8,261 | 6,103 | 6,419 | 6,661 | 4,595 | 7,180 | 7,554 | 6,858 | 7,433 | 8,242 | 8,732 |
| Operating Profit | 1,036 | 974 | 960 | 691 | 723 | 708 | 478 | 830 | 828 | 879 | 895 | 1,062 | 1,066 |
| OPM % | 13% | 12% | 10% | 10% | 10% | 10% | 9% | 10% | 10% | 11% | 11% | 11% | 11% |
| Other Income | 39 | 89 | 66 | 109 | 39 | 5 | 15 | 13 | 100 | 42 | 65 | 44 | 34 |
| Interest | 417 | 383 | 312 | 192 | 236 | 255 | 239 | 197 | 192 | 193 | 208 | 220 | 178 |
| Depreciation | 212 | 239 | 294 | 222 | 235 | 290 | 285 | 254 | 253 | 266 | 259 | 290 | 314 |
| PBT | 445 | 441 | 420 | 385 | 290 | 168 | -31 | 393 | 484 | 463 | 493 | 595 | 608 |
| Tax % | 24% | 28% | 24% | 18% | 21% | 45% | -11% | 38% | 15% | 24% | 25% | 28% | — |
| Net Profit | 338 | 316 | 321 | 316 | 228 | 92 | -27 | 242 | 413 | 353 | 367 | 427 | 430 |
| EPS in Rs | 13.21 | 12.17 | 12.18 | 11.97 | 8.75 | 3.7 | -0.64 | 9.14 | 15.47 | 12.87 | 13.5 | 15.79 | 15.79 |
| Div. Payout % | 19% | 20% | 20% | 20% | 23% | 0% | 0% | 0% | 37% | 37% | 28% | 28% | — |
Balance Sheet
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 258 | 258 | 258 | 259 | 259 | 259 | 259 | 261 | 262 | 262 | 262 | 262 |
| Reserves | 2,466 | 2,388 | 3,309 | 3,524 | 2,492 | 2,450 | 2,460 | 2,690 | 3,084 | 3,281 | 3,524 | 3,782 |
| Borrowings | 3,397 | 3,819 | 2,926 | 3,323 | 2,700 | 2,640 | 2,121 | 1,865 | 1,517 | 1,448 | 1,562 | 1,660 |
| Other Liabilities | 1,855 | 1,659 | 2,032 | 3,082 | 1,872 | 1,790 | 1,872 | 2,881 | 2,035 | 2,254 | 2,684 | 3,106 |
| Total Liabilities | 7,976 | 8,125 | 8,525 | 10,188 | 7,322 | 7,138 | 6,713 | 7,697 | 6,898 | 7,245 | 8,032 | 8,810 |
| Fixed Assets | 3,208 | 3,357 | 3,672 | 3,962 | 3,421 | 3,835 | 3,590 | 3,481 | 3,427 | 3,421 | 3,578 | 3,993 |
| CWIP | 100 | 147 | 96 | 116 | 262 | 113 | 78 | 46 | 80 | 117 | 409 | 121 |
| Investments | 59 | 544 | 277 | 76 | 78 | 90 | 70 | 66 | 211 | 167 | 150 | 269 |
| Other Assets | 4,609 | 4,077 | 4,481 | 6,033 | 3,561 | 3,100 | 2,974 | 4,104 | 3,180 | 3,539 | 3,895 | 4,427 |
| Total Assets | 7,976 | 8,125 | 8,525 | 10,188 | 7,322 | 7,138 | 6,713 | 7,697 | 6,898 | 7,245 | 8,032 | 8,810 |
Cash Flow
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Operating | 558 | 650 | 551 | 428 | 2,358 | 860 | 776 | 595 | 666 | 696 | 763 | 867 |
| Investing | -587 | -503 | 66 | -353 | -1,306 | -306 | -81 | -121 | -135 | -277 | -493 | -607 |
| Financing | -48 | -151 | -621 | -55 | -1,019 | -575 | -717 | -439 | -534 | -419 | -271 | -228 |
| Net Cash Flow | -77 | -3 | -4 | 20 | 33 | -20 | -22 | 34 | -3 | 1 | -1 | 32 |
| Free Cash Flow | 54 | 127 | 120 | -27 | 2,399 | 464 | 687 | 448 | 496 | 443 | 280 | 381 |
| CFO/OP | 67 | 79 | 68 | 81 | 304 | 126 | 165 | 76 | 91 | 94 | 96 | 97 |
Ratios
| Particulars | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 54 | 35 | 31 | 95 | 46 | 52 | 79 | 51 | 42 | 50 | 52 | 57 |
| Inventory Days | 193 | 202 | 207 | 258 | 179 | 125 | 168 | 196 | 135 | 197 | 197 | 177 |
| Days Payable | 141 | 128 | 124 | 247 | 152 | 123 | 203 | 193 | 101 | 136 | 152 | 160 |
| Cash Conversion Cycle | 106 | 109 | 114 | 106 | 73 | 54 | 44 | 53 | 76 | 111 | 96 | 73 |
| Working Capital Days | 9 | -10 | 4 | 20 | -4 | -10 | 12 | 15 | 9 | 14 | 6 | 6 |
| ROCE % | 15% | 13% | 11% | 8% | 9% | 9% | 5% | 13% | 13% | 13% | 13% | 15% |
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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Company Information
Arvind Limited (‘the Company’) is one of India’s leading vertically integrated textile company with the presence of almost eight decades in this industry. It is among the largest denim manufacturers in the world. It also manufactures a range of cotton shirting, denim, knits and bottom weights (Khakis) fabrics and Jeans and Shirts Garments. [1]
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