Vedant Fashions (Manyavar)

AHold / Watchlist

MANYAVAR · NSE · Mid Cap · Modern Trade — Fashion

Modern Trade — Fashion

Fetching live…

₹1,015

1D 0.2%1M 1.0%1Y 4%

Fundamental (RQ-100)

Technical (TQ-100)

Valuation

Market cap

₹25.0K Cr

Live decision ratingA+Hold

Fundamental score breakdown

87/100

Growth Quality

12.4 / 20

Rev 1Y 8.0%, 3Y CAGR 14.0%, 5Y CAGR 18.0%

Margin & Profitability

15.0 / 15

EBITDA 48.0%, PAT 28.0%

Return on Capital

20.0 / 20

ROCE 30.0%, ROE 24.0%

Cash Flow Quality

13.0 / 15

OCF/EBITDA 0.85

Leverage

10.0 / 10

ND/EBITDA -1.00

Reinvestment

6.0 / 8

Capex/Sales 3.0%

Accounting

7.0 / 7

Governance

4.0 / 5

Technical score breakdown

47/100

Trend Structure

8.0 / 20

↓ 200 · ↓ 50 · ↓ 20

Momentum

8.0 / 15

1Y 4.0%, 1M 1.0%

Volume Dynamics

8.0 / 15

Vol30 —%

Relative Strength

8.0 / 15

1Y 4.0%

MA Cluster

5.0 / 10

Extension

5.0 / 10

—% from 50DMA

Volatility

4.0 / 8

Price Action

1.0 / 7

-100.0% from 52W H

Business

What this company actually does

Branded ethnic wedding wear (Manyavar, Mohey, Twamev).

Stores

660

Dark stores

—

Cities

240

Listed status

Listed

Format exposure

How direct is this play?

Primary formatModern Trade — Fashion

Exposure typeDominant

Revenue visibilityHigh

Operating leverage stageMaturity

Policy beneficiaryNone

Data confidenceMedium

Financial snapshot

Live · green dot = live, falls back to curated

Revenue

₹1.8K Cr

Rev 1Y growth

Rev 3Y CAGR

14%

EBITDA margin

48.0%

PAT margin

28.0%

ROE

24%

ROCE

30%

OCF/EBITDA

0.85

Net Debt/EBITDA

-1.0

Financial statements

Multi-year P&L, balance sheet, cash flow — scraped live from Screener.in

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Valuation

Live multiples + retail-specific (curated)

P/E

Forward P/E

EV/EBITDA

EV/Sales

12.0

P/B

18.0

FCF Yield

1.6%

Mid-range valuation. Watch incremental ROCE.

Retail KPIs

The unit-economics that define the format

SSSG

4.0%

Investment thesis

AI-generated · always cite sources before acting

Bull

Best-in-class 30% ROCE with 0.85 OCF conversion. Long-runway TAM with structural tailwinds.

Base

Earnings growth of ~15% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if Modern Trade — Fashion GMV outperforms.

Bear

Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.

Variant perception

Consensus views Vedant Fashions (Manyavar) as a quality compounder. Our differentiated take: the cyclical pessimism in Modern Trade — Fashion has overshot the long-term cash-flow potential.

Key monitorables