Reported Earnings • 16h
Full year 2026 earnings: EPS and revenues exceed analyst expectations Full year 2026 results: EPS: ₹15.80 (up from ₹13.51 in FY 2025). Revenue: ₹93.6b (up 12% from FY 2025). Net income: ₹4.14b (up 17% from FY 2025). Profit margin: 4.4% (up from 4.2% in FY 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.2%. Earnings per share (EPS) also surpassed analyst estimates by 3.0%. Revenue is forecast to grow 9.4% p.a. on average during the next 3 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 3% per year but the company’s share price has increased by 54% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 07
Arvind Limited to Report Q4, 2026 Results on May 15, 2026 Arvind Limited announced that they will report Q4, 2026 results on May 15, 2026 Valuation Update With 7 Day Price Move • Feb 06
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to ₹368, the stock trades at a forward P/E ratio of 19x. Average forward P/E is 26x in the Luxury industry in India. Total returns to shareholders of 366% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹273 per share. Reported Earnings • Jan 31
Third quarter 2026 earnings: Revenues exceed analysts expectations while EPS lags behind Third quarter 2026 results: EPS: ₹3.72 (down from ₹3.96 in 3Q 2025). Revenue: ₹23.7b (up 14% from 3Q 2025). Net income: ₹975.9m (down 5.6% from 3Q 2025). Profit margin: 4.1% (down from 5.0% in 3Q 2025). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 3.6%. Earnings per share (EPS) missed analyst estimates by 14%. Revenue is forecast to grow 9.3% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 56% per year, which means it is well ahead of earnings. Announcement • Jan 23
Arvind Limited to Report Q3, 2026 Results on Jan 30, 2026 Arvind Limited announced that they will report Q3, 2026 results on Jan 30, 2026 Announcement • Jan 09
Arvind Limited Announces Management Changes Arvind Limited announced that Mr. Susheel Kaul (DIN: 08208011) has tendered his resignation as Managing Director & President (Textiles) and as director due to personal reasons. He requested to be relieved from duties with effect from close of business hours on March 31, 2026. As already intimated earlier vide media release dated December 18, 2025, the responsibilities of Mr. Susheel Kaul will be taken over by Mr. Punit Lalbhai, Vice Chairman of the Company. The company announced an important leadership change. Punit Lalbhai, Vice Chairman, Arvind Limited is stepping into an executive role to lead the textiles and apparel business as a part of the company's long term succession plan. The change will be in effect from April 1st, 2026. Susheel Kaul, MD and President of the textiles and apparel business has led Arvind with distinction. He will continue in his role as MD and will take up the key strategic projects, working closely with the management to shape the future growth initiatives of the group. Buy Or Sell Opportunity • Nov 12
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 16% to ₹333. The fair value is estimated to be ₹273, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has declined by 3.5%. For the next 3 years, revenue is forecast to grow by 9.9% per annum. Earnings are also forecast to grow by 22% per annum over the same time period. Reported Earnings • Nov 08
Second quarter 2026 earnings: EPS and revenues exceed analyst expectations Second quarter 2026 results: EPS: ₹3.95 (up from ₹2.28 in 2Q 2025). Revenue: ₹23.9b (up 9.0% from 2Q 2025). Net income: ₹1.03b (up 73% from 2Q 2025). Profit margin: 4.3% (up from 2.7% in 2Q 2025). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 1.1%. Earnings per share (EPS) also surpassed analyst estimates by 15%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 52% per year, which means it is well ahead of earnings. Announcement • Oct 31
Arvind Limited to Report Q2, 2026 Results on Nov 07, 2025 Arvind Limited announced that they will report Q2, 2026 results on Nov 07, 2025 Announcement • Jul 22
Arvind Limited to Report Q1, 2026 Results on Jul 29, 2025 Arvind Limited announced that they will report Q1, 2026 results on Jul 29, 2025 Declared Dividend • Jul 18
Dividend of ₹3.75 announced Shareholders will receive a dividend of ₹3.75. Ex-date: 25th July 2025 Payment date: 7th September 2025 Dividend yield will be 1.1%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (28% earnings payout ratio) and cash flows (43% cash payout ratio). The dividend has increased by an average of 3.9% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Board Change • Jul 18
Less than half of directors are independent Following the recent departure of a director, there are only 4 independent directors on the board. The company's board is composed of: 4 independent directors. 5 non-independent directors. Independent Director Reena Bhagwati was the last independent director to join the board, commencing their role in 2024. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Jul 15
Arvind Limited, Annual General Meeting, Aug 08, 2025 Arvind Limited, Annual General Meeting, Aug 08, 2025, at 11:00 Indian Standard Time. Reported Earnings • May 16
Full year 2025 earnings: Revenues and EPS in line with analyst expectations Full year 2025 results: EPS: ₹13.51 (up from ₹12.87 in FY 2024). Revenue: ₹83.9b (up 8.5% from FY 2024). Net income: ₹3.53b (up 5.0% from FY 2024). Profit margin: 4.2% (down from 4.4% in FY 2024). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has fallen by 3% per year but the company’s share price has increased by 54% per year, which means it is well ahead of earnings. Announcement • May 10
Arvind Limited to Report Q4, 2025 Results on May 15, 2025 Arvind Limited announced that they will report Q4, 2025 results on May 15, 2025 Buy Or Sell Opportunity • Apr 03
Now 20% overvalued Over the last 90 days, the stock has fallen 15% to ₹346. The fair value is estimated to be ₹287, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Buy Or Sell Opportunity • Mar 06
Now 23% overvalued Over the last 90 days, the stock has fallen 11% to ₹352. The fair value is estimated to be ₹287, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. Buy Or Sell Opportunity • Feb 07
Now 21% overvalued The stock has been flat over the last 90 days, currently trading at ₹372. The fair value is estimated to be ₹309, however this is not to be taken as a sell recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings are also forecast to grow by 27% per annum over the same time period. New Risk • Jan 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 41% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jan 29
Third quarter 2025 earnings: EPS exceeds analyst expectations Third quarter 2025 results: EPS: ₹3.96 (up from ₹3.49 in 3Q 2024). Revenue: ₹21.0b (up 11% from 3Q 2024). Net income: ₹1.03b (up 13% from 3Q 2024). Profit margin: 4.9% (up from 4.8% in 3Q 2024). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 5.5%. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 1% per year but the company’s share price has increased by 33% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Jan 28
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to ₹326, the stock trades at a forward P/E ratio of 18x. Average forward P/E is 26x in the Luxury industry in India. Total returns to shareholders of 143% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹344 per share. Announcement • Jan 21
Arvind Limited to Report Q3, 2025 Results on Jan 28, 2025 Arvind Limited announced that they will report Q3, 2025 results on Jan 28, 2025 Buy Or Sell Opportunity • Jan 07
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 21% to ₹428. The fair value is estimated to be ₹349, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Announcement • Dec 15
Arvind Limited Appoints Gurpreet Singh Bhatia as CEO & President Of Advanced Materials Division Arvind Limited informed that Mr. Gurpreet Singh Bhatia has been appointed as "CEO&President"of Advanced Materials Division of the Company with effect from 14th December, 2024 and has been designated as Senior Management Personnel of the Company. Mr. Gurpreet Singh Bhatia, 55, BE (Mechanical) by qualification, brings over 33 years of diverse experience in the oil, energy, and manufacturing sectors. He has held senior leadership roles, including MD & CEO of Livguard Energy, where he drove business growth, innovation, and operational excellence, and Vice President B2B at Castrol India, managing key business portfolios and strategic partnerships. He also gained valuable international exposure during his tenure with Shell, where he honed his expertise in global energy markets and operational strategies. His career spans sales, marketing, brand building, and operational leadership across global and multicultural teams, with notable contributions in energy transition, OEM marketing, and channel management. He has successfully led new market entries, global contract negotiations, and large- scale organizational transformations. New Risk • Dec 12
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of Indian stocks, typically moving 7.6% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Minor Risks Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Share price has been volatile over the past 3 months (7.6% average weekly change). Buy Or Sell Opportunity • Dec 10
Now 22% overvalued after recent price rise Over the last 90 days, the stock has risen 5.9% to ₹418. The fair value is estimated to be ₹343, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has been flat over the last 3 years. Earnings per share has grown by 11%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Reported Earnings • Oct 29
Second quarter 2025 earnings: Revenues exceed analysts expectations while EPS lags behind Second quarter 2025 results: EPS: ₹2.28 (down from ₹3.06 in 2Q 2024). Revenue: ₹22.0b (up 14% from 2Q 2024). Net income: ₹597.2m (down 25% from 2Q 2024). Profit margin: 2.7% (down from 4.2% in 2Q 2024). The decrease in margin was driven by higher expenses. Revenue exceeded analyst estimates by 11%. Earnings per share (EPS) missed analyst estimates by 22%. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has increased by 39% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Oct 28
Now 31% overvalued Over the last 90 days, the stock has fallen 1.9% to ₹372. The fair value is estimated to be ₹285, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 29% per annum over the same time period. Announcement • Oct 21
Arvind Limited to Report Q2, 2025 Results on Oct 28, 2024 Arvind Limited announced that they will report Q2, 2025 results on Oct 28, 2024 Buy Or Sell Opportunity • Oct 08
Now 22% overvalued Over the last 90 days, the stock has fallen 9.5% to ₹350. The fair value is estimated to be ₹286, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 3.4% over the last 3 years. Earnings per share has grown by 24%. For the next 3 years, revenue is forecast to grow by 13% per annum. Earnings are also forecast to grow by 28% per annum over the same time period. Announcement • Aug 02
Arvind Limited Appoints Nagesh Pinge as Independent Director Arvind Limited at its AGM held on 1 August 2024 appointed Nagesh Pinge (DIN: 00062900) as an Independent Director of the Company for a term of four consecutive years effective from 21st June, 2024. Announcement • Jul 22
Arvind Limited to Report Q1, 2025 Results on Jul 29, 2024 Arvind Limited announced that they will report Q1, 2025 results on Jul 29, 2024 Announcement • Jul 12
Arvind Limited Announces the Resignation of Ashish Kumar as President & CEO AMD & Essentials Arvind Limited announced that Mr. Ashish Kumar (designated as `President & CEO AMD & Essentials') has submitted his resignation on July 11, 2024, due to personal reasons, which is effective from August 10, 2024. The Nomination and Remuneration Committee has initiated a search for a new CEO of the `Advanced Materials' and the `Essentials' divisions of the Company and plans to fill the vacancy at the earliest. In the interim, the responsibilities of Mr. Ashish Kumar will be taken over by Mr. Punit Lalbhai, Vice Chairman of the Company. Mr. Kumar tendered the resignation from the directorship of the subsidiaries/associates/joint ventures of the Company being: Arvind 0G Nonwovens Private Limited; Arvind Smart Textiles Limited and Arvind Technical Products Private Limited with immediate effect. Declared Dividend • Jul 10
Dividend of ₹4.75 announced Shareholders will receive a dividend of ₹4.75. Ex-date: 19th July 2024 Payment date: 31st August 2024 Dividend yield will be 1.2%, which is higher than the industry average of 0.4%. Sustainability & Growth Dividend is well covered by both earnings (29% earnings payout ratio) and cash flows (23% cash payout ratio). The dividend has increased by an average of 8.6% per year over the past 10 years. However, payments have been volatile during that time. EPS is expected to grow by 97% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 08
Arvind Limited, Annual General Meeting, Aug 01, 2024 Arvind Limited, Annual General Meeting, Aug 01, 2024, at 15:30 Indian Standard Time. Reported Earnings • Jul 08
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹12.87 (down from ₹15.64 in FY 2023). Revenue: ₹77.4b (down 7.7% from FY 2023). Net income: ₹3.37b (down 18% from FY 2023). Profit margin: 4.4% (down from 4.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 60% per year, which means it is tracking significantly ahead of earnings growth. Price Target Changed • May 08
Price target increased by 7.1% to ₹438 Up from ₹409, the current price target is an average from 5 analysts. New target price is 21% above last closing price of ₹363. Stock is up 241% over the past year. The company is forecast to post earnings per share of ₹19.40 for next year compared to ₹12.87 last year. Reported Earnings • May 07
Full year 2024 earnings: EPS misses analyst expectations Full year 2024 results: EPS: ₹12.87 (down from ₹15.64 in FY 2023). Revenue: ₹77.8b (down 7.2% from FY 2023). Net income: ₹3.37b (down 18% from FY 2023). Profit margin: 4.3% (down from 4.9% in FY 2023). The decrease in margin was driven by lower revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 4.3%. Revenue is forecast to grow 12% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 40% per year but the company’s share price has increased by 69% per year, which means it is tracking significantly ahead of earnings growth. Announcement • May 07
Arvind Limited Announces the Change in Designation of Sanjay Lalbhai as Chairman from Chairman and Managing Director Arvind Limited at the Board of Directors meeting held on May 6, 2024, approved change in designation of Mr. Sanjay Lalbhai as "Chairman" from "Chairman and Managing Director". Buy Or Sell Opportunity • May 02
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 4.6% to ₹326. The fair value is estimated to be ₹270, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Announcement • May 01
Arvind Limited to Report Q4, 2024 Results on May 06, 2024 Arvind Limited announced that they will report Q4, 2024 results on May 06, 2024 Buy Or Sell Opportunity • Apr 23
Now 21% overvalued after recent price rise Over the last 90 days, the stock has risen 9.4% to ₹327. The fair value is estimated to be ₹270, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 13% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. New Risk • Feb 01
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Reported Earnings • Jan 31
Third quarter 2024 earnings released: EPS: ₹3.50 (vs ₹3.22 in 3Q 2023) Third quarter 2024 results: EPS: ₹3.50 (up from ₹3.22 in 3Q 2023). Revenue: ₹19.0b (down 4.1% from 3Q 2023). Net income: ₹917.0m (up 9.0% from 3Q 2023). Profit margin: 4.8% (up from 4.2% in 3Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 57% per year but the company’s share price has increased by 82% per year, which means it is tracking significantly ahead of earnings growth. Buy Or Sell Opportunity • Jan 25
Now 23% overvalued after recent price rise Over the last 90 days, the stock has risen 79% to ₹314. The fair value is estimated to be ₹255, however this is not to be taken as a sell recommendation but rather should be used as a guide only. Revenue has grown by 17% over the last 3 years. Meanwhile, the company has become profitable. For the next 3 years, revenue is forecast to grow by 12% per annum. Earnings are also forecast to grow by 23% per annum over the same time period. Announcement • Jan 23
Arvind Limited to Report Q3, 2024 Results on Jan 30, 2024 Arvind Limited announced that they will report Q3, 2024 results on Jan 30, 2024 Reported Earnings • Nov 01
Second quarter 2024 earnings released: EPS: ₹3.06 (vs ₹4.79 in 2Q 2023) Second quarter 2024 results: EPS: ₹3.06 (down from ₹4.79 in 2Q 2023). Revenue: ₹19.3b (down 11% from 2Q 2023). Net income: ₹800.1m (down 36% from 2Q 2023). Profit margin: 4.1% (down from 5.8% in 2Q 2023). The decrease in margin was driven by lower revenue. Revenue is forecast to grow 17% p.a. on average during the next 3 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 73% per year whereas the company’s share price has increased by 77% per year. Price Target Changed • Oct 31
Price target increased by 17% to ₹169 Up from ₹144, the current price target is an average from 3 analysts. New target price is 14% below last closing price of ₹196. Stock is up 110% over the past year. The company is forecast to post earnings per share of ₹14.10 for next year compared to ₹15.64 last year. Announcement • Oct 24
Arvind Limited to Report Q2, 2024 Results on Oct 31, 2023 Arvind Limited announced that they will report Q2, 2024 results on Oct 31, 2023 Announcement • Oct 18
Arvind Limited Appoints Nigam Shah as Chief Financial Officer Arvind Limited announced that Mr. Nigam Shah has been appointed as the chief financial officer (Designate - non Key Managerial Personnel), being the part of the Senior Management. Date of appointment is 16 October 2023. Mr. Nigam Shah, 43, has been appointed as the Chief Financial Officer (Designate non Key Managerial Personnel) of the company. He is a qualified Chartered Accountant and MBA in finance. Nigam brings to Arvind more than two decades of experience spanning various sectors, including Infrastructure, Engineering, Chemicals and Banking. His most recent role was at Montecarlo Limited, where he served as the Group CFO, overseeing multiple business segments, including Metro & Buildings, Water, Transport, Mining, and Energy. Prior to Montecarlo, he was with Meghmani Organics Limited & ICICI Bank. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to ₹167, the stock trades at a forward P/E ratio of 11x. Average forward P/E is 23x in the Luxury industry in India. Total returns to shareholders of 399% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at ₹182 per share. Buying Opportunity • Aug 10
Now 21% undervalued Over the last 90 days, the stock is up 32%. The fair value is estimated to be ₹178, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 18% over the last 3 years. Meanwhile, the company has become profitable. Revenue is forecast to grow by 17% in a year. Earnings is forecast to grow by 8.4% in the next year. New Risk • Jul 30
New minor risk - Financial position The company has a high level of debt. Net debt to equity ratio: 42% This is considered a minor risk. Having a high level of debt increases the company's balance sheet risk. The company has a higher interest repayment burden, leading to the need to allocate a greater amount of its earnings towards servicing the debt, potentially limiting growth options or shareholder distributions. It can also increase the risk of bankruptcy if business conditions deteriorate enough that the company can no longer meet its debt obligations. Currently, the following risks have been identified for the company: Minor Risks High level of debt (42% net debt to equity). Unstable dividend paying track record with dividend experiencing an annual drop of over 20% in the past. Upcoming Dividend • Jul 14
Upcoming dividend of ₹5.75 per share at 2.8% yield Eligible shareholders must have bought the stock before 21 July 2023. Payment date: 04 September 2023. Trailing yield: 2.8%. Within top quartile of Indian dividend payers (1.5%). Higher than average of industry peers (0.5%). Reported Earnings • Jul 12
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ₹15.64 (up from ₹10.19 in FY 2022). Revenue: ₹83.8b (up 4.7% from FY 2022). Net income: ₹4.08b (up 54% from FY 2022). Profit margin: 4.9% (up from 3.3% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%. Revenue is forecast to grow 8.6% p.a. on average during the next 2 years, compared to a 12% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 88% per year but the company’s share price has only increased by 63% per year, which means it is significantly lagging earnings growth. Announcement • Jul 04
Arvind Limited, Annual General Meeting, Aug 05, 2023 Arvind Limited, Annual General Meeting, Aug 05, 2023, at 11:00 Indian Standard Time. Price Target Changed • May 22
Price target increased by 7.2% to ₹134 Up from ₹125, the current price target is an average from 3 analysts. New target price is 11% above last closing price of ₹121. Stock is up 17% over the past year. The company is forecast to post earnings per share of ₹14.30 for next year compared to ₹15.65 last year. Announcement • May 20
Arvind Limited Provides Financial Guidance for the Fiscal Year 2024 Arvind Limited provided financial guidance for the fiscal year 2024. For the year, the company expects the overall revenue growth to be in a modest single digits and most of this will be powered by AMD, which the company believe will deliver another year of robust 20% growth. Reported Earnings • May 19
Full year 2023 earnings: EPS exceeds analyst expectations Full year 2023 results: EPS: ₹15.65 (up from ₹9.17 in FY 2022). Revenue: ₹84.3b (up 4.9% from FY 2022). Net income: ₹4.08b (up 71% from FY 2022). Profit margin: 4.8% (up from 3.0% in FY 2022). The increase in margin was driven by higher revenue. Revenue was in line with analyst estimates. Earnings per share (EPS) surpassed analyst estimates by 24%. Revenue is forecast to grow 9.8% p.a. on average during the next 2 years, compared to a 13% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 89% per year but the company’s share price has only increased by 75% per year, which means it is significantly lagging earnings growth. Announcement • May 11
Arvind Limited to Report Q4, 2023 Results on May 18, 2023 Arvind Limited announced that they will report Q4, 2023 results on May 18, 2023 Announcement • Jan 27
Arvind Limited (BSE:500101) acquired 31.20% stake in Renew Green (Gj Eight) Private Limitedfor approximately INR 200 million. Arvind Limited (BSE:500101) acquired 31.20% stake in Renew Green (Gj Eight) Private Limitedfor approximately INR 200 million on January 25, 2023.Arvind Limited (BSE:500101) completed the acquisition of 31.20% stake in Renew Green (Gj Eight) Private Limitedon January 25, 2023. Reported Earnings • Jan 26
Third quarter 2023 earnings: EPS exceeds analyst expectations while revenues lag behind Third quarter 2023 results: EPS: ₹3.22 (down from ₹3.57 in 3Q 2022). Revenue: ₹19.8b (down 13% from 3Q 2022). Net income: ₹841.2m (down 9.3% from 3Q 2022). Profit margin: 4.2% (up from 4.1% in 3Q 2022). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 8.0%. Earnings per share (EPS) exceeded analyst estimates by 79%. Revenue is forecast to grow 9.5% p.a. on average during the next 3 years, compared to a 14% growth forecast for the Luxury industry in India. Over the last 3 years on average, earnings per share has increased by 75% per year but the company’s share price has only increased by 26% per year, which means it is significantly lagging earnings growth. Announcement • Jan 25
Arvind Limited Announces Executive Changes Arvind Limited announced that the Board of Directors of the Company at its meeting held 25th January, 2023, as part of internal reorganization, has accepted the resignation of Mr. Swayam Saurabh as Chief Financial Officer (Key Managerial Personnel u/s 203 of the Companies Act, 2013) of the Company with effect from close of business hours on 25th January, 2023. He will continue to be part of the Company in another role. On the recommendation of the Nomination and Remuneration Committee and the Audit Committee, the Board of Directors in today's meeting appointed Mr. Jayesh Shah, Whole Time Director as Chief Financial Officer (Key Managerial Personnel u/s 203 of the Companies Act, 2013) of the Company with effect from 26th January, 2023. Mr. Jayesh Shah is the Director and Group Chief Financial Officer of Arvind Limited, the company of the Lalbhai Group. He was working with the Group in its various business divisions since 1985 and in the year 2002, he became Director of the Company. Mr. Jayesh Shah has distinguished academic career and has extensive administrative, financial regulatory and managerial expertise with his vast experience in the field. He started his career in Garment Division of the Lalbhai Group, and then Textile Division and also looked after all the financial aspects of the group companies, viz. textiles, branded garments, electronics and telecom. He was also actively involved in merger, acquisition, expansion, diversification, project funding and euro issue of the company. Being a dynamic professional, he has always been exploring new business opportunities and challenges. He successfully undertook a financial restructuring of the company during the period 2000 to 2002. Mr. Jayesh Shah is a member of the Governing Council of Ahmedabad Management Association. Mr. Shah is an Associate member of ICAI and a Commerce Graduate from Gujarat University. Announcement • Jan 17
Arvind Limited to Report Q3, 2023 Results on Jan 25, 2023 Arvind Limited announced that they will report Q3, 2023 results on Jan 25, 2023 Board Change • Nov 16
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 2 experienced directors. 6 highly experienced directors. Additional Independent Director Ismet Khambatta was the last director to join the board, commencing their role in 2022. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model.