A director at Arvind Ltd sold 163,800 shares at 100.760INR and the significance rating of the trade was 58/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly sh...
The general evaluation of ARVIND (IN), a company active in the Clothing & Accessories industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 4 out of 4 possible stars while its market behaviour can be considered as moderately risky. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Slightly Positive. As of the analysis date December 31, 2021, the closing price was...
ANNUAL REPORT THREADBARE (ART) | ARVIND FY18: Rising capital intensity dents return ratios Arvind Limited’s (ARVND) FY18 annual report indicated a weak operating performance with EBITDA remaining muted at INR9.6b (FY17: INR9.4b) and margin declining by 124bp to 9%, primarily on account of declining margins in the textiles business (13% v/s 16% in FY17) and rising revenue share of lower margin branded apparels business (36% v/s 32% in FY17). Increasing capex over the years has led to rising ...
Arvind: Weak consumer demand impacts growth; NCLT approves demerger (ARVND IN, Mkt Cap USD1.2b, CMP INR346, TP INR397, 15% Upside, Neutral) Revenue up 12% YoY, EBITDA margin expands 100bp YoY: Revenue increased 12% YoY to INR30.5b (our estimate: INR29.5b) in 2QFY19. Branded Apparels business grew by 9% YoY to INR12.3b (unadjusted: +13% YoY to INR11.6b; stated higher due to Ind-AS adjustment) and Textiles business by 6% YoY to INR14.9b. EBITDA rose 27% YoY to INR2.8b (our estimate: INR2.6b...
Arvind: Beat on all fronts; On track with margin expansion in Brands & Retail (ARVND IN, Mkt Cap USD1.6b, CMP INR420, TP INR454, 8% Upside, Neutral) Revenue, EBIDTA, PAT exceed estimate: Revenue increased 10% YoY to INR28.6b (est. of INR26b) in 1QFY19, led by Brands & Retail business (up 14% YoY to INR10.1b; INR890m unadjusted – stated higher due to Ind-AS adjustment + one-time impact from agreement changes). Textiles business too grew by 2% YoY to INR15.6b. EBITDA grew 18% YoY to INR2.5b...
ARVIND: Beat on all fronts; Brands to drive margin expansion (ARVND IN, Mkt Cap USD1.7b, CMP INR438, TP INR460, 5% Upside, Neutral) Revenue, EBIDTA and PAT exceed estimate: Revenue rose 21.3% YoY to INR29.9b (est. of INR28.2b) in 4QFY18. Brands & Retail business grew by 28% YoY to INR10.7b, while Textiles business grew by 9% YoY to INR16b. EBITDA rose 26.4% YoY to INR2.9b (est. of INR2.4b), driven by increased profitability in Brands. EBITDA margin expanded 40bp YoY to 9.8% (est. of 8.8%)...
Arvind: Brands business pull up overall growth (ARVND IN, Mkt Cap USD1.7b, CMP INR412, TP INR402, 2% Downside, Neutral) Revenue, EBITDA in-line; PAT above estimates: Arvind’s (ARVND) revenue grew 15.9% YoY to INR27.05b (est. of INR26.7b) in 3QFY18. Brands & Retail business grew by 23.6% YoY to INR9.6b, while Textiles business grew by 9.4% YoY to INR15.3b. EBITDA rose 5% YoY to INR2,484m (est. of INR2,515m), driven by increased profitability in Brands. However, Textiles continued to face pres...
​Arvind: Demerger of brands and retail business to create long-term(ARVNDIN, Mkt Cap USD1.8b, CMP INR414, TP INR425, 3% Upside, Neutral)GST transition, coupled with high cotton prices, impacts margins: ARVIND’s revenue grew 12% YoY to INR26.3b (est. of INR26.1b) in 2QFY18. Brands and Retail grew 34% YoY to INR10.3b, while Textiles grew 1% YoY to INR14.4b. EBITDA declined 9% YoY to INR2,123m (est. of INR2,506m), with the margin contracting 190bp to 8.1% (est. of 9.6%) on account of higher raw...
​ARVIND: Pressure on Textiles; Brand & Retail to drive growth(ARVND IN, Mkt Cap USD1.5b, CMP INR365, TP INR375, 10% Upside, Neutral)Branded Apparels segment drives growth: ARVND’s revenue grew 17.6% YoY to INR24.7b (est. of INR23b) in 1QFY18, led by growth of 39.6% YoY in Branded Apparels. EBITDA stood at INR2,070m (est. of INR2,212m) v/s INR2,445m in 1QFY17. EBITDA margin contracted 320bp YoY to 8.4% (est. of 9.6%) on account of higher raw material costs (+290bp YoY). Adj. PAT declined to I...
​arvind: GST to have a transitional impact; Continued pressure on margins(ARVND IN, Mkt Cap USD1.5b, CMP INR367, TP INR362, 1% Downside, Neutral)Brands & Retail: Higher tax under GST to drive price hikesPrice hikes on the cards: Arvind’s (ARVND) Brand & Retail segment currently attracts a tax rate of ~11% (5.5% VAT, 3.5% service tax, ~2% excise) of transaction value (company billing and not MRP), which will be increased to 12% under GST for all apparels with transaction value greater than IN...
​Arvind: Raw material and currency headwinds ahead; downgrading to Neutral(ARVND IN, Mkt Cap USD1.6b, CMP INR408, TP INR382, 6% Downside, Downgrade to Neutral)In-line revenue; EBITDA and PAT below estimates: Arvind's (ARVND) revenue grew 10.4% YoY to INR24.6b (est. of INR24.9b), led by strong growth in Brands & Retail (B&R) to INR8.3b (+22% YoY, driven by LTL growth of 5.4% in Power brands and 30.2% in Unlimited) and in Textiles to INR14.6b (+8% YoY). EBITDA declined to INR2.3b (est. of INR3b)...
Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind...
Unfortunately, this report is not available for the investor type or country you selected.
Report is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.