Vedant Fashions Ltd (MANYAVAR) — shareholding pattern, promoter holding, financials and share price
About Vedant Fashions Ltd (MANYAVAR)
Vedant Fashions Ltd operates in the Speciality Retail industry, within the Consumer Services sector. It trades on the NSE as MANYAVAR and on the BSE under scrip code 543463. Its ISIN is INE825V01034.
Vedant Fashions Limited caters to the Indian celebration wear market with a diverse portfolio of brands. The company offers its customers a one-stop destination for every celebratory occasion and the largest men's Indian wedding and celebration wear by revenue.VFL commands a dominant position in conventionally unorganized market segment. [1]
Vedant Fashions Limited is an omni-channel Indian wedding and celebration wear retailer and manufacturer operating leading brands Manyavar, Mohey, Twamev, Diwas and Mebaz, with a franchise-led EBO network across India and international stores in five countries, offering men’s, women’s and kids’ ethnic collections for weddings and celebratory occasions.
Financially, Q3 FY26 reported revenue from operations of INR 4,917 million with a gross margin of 65.7% and PAT margin of 27.4%; 9M FY26 revenue rose modestly by 1.7% year-on-year with EBITDA margin compression to 43.8%, while trailing twelve months cash conversion remained strong at ~95%, reflecting asset-light economics.
Listed peers in Speciality Retail: Aditya Birla Lifestyle Brands Ltd, Aditya Vision Ltd, V2 Retail Ltd, Aditya Birla Fashion & Retail Ltd, Arvind Fashions Ltd, Shankara Buildpro Ltd.
Valuation & Returns
10 Jul 2026At ₹392.95 a share on 10 Jul 2026, Vedant Fashions Ltd (MANYAVAR) was valued at a price-to-earnings ratio of 23.7x against an industry P/E of 78.58x and a price-to-book of 5.96x on a book value of ₹65.93 per share as of Mar 2024. Solomo computes return on equity of 25.15% and return on capital employed of 28.6% from filed results. Earnings ratios use consolidated results for the twelve months Dec 2023 to Sep 2024.
- P/E
- 23.7x
- Industry P/E
- 78.58x
- P/B
- 5.96x
- EPS (TTM)
- ₹16.58
- Book value / share
- ₹65.93
- ROE
- 25.15%
- ROCE
- 28.6%
- ROA
- 16.06%
- Debt / equity
- 0.28x
- Dividend yield
- 2.04%
- EBITDA margin
- 54.41%
- 52-week range
- ₹329.65 – ₹822.6
Ratios are computed from filed results and the last recorded price. Not investment advice.
Financial Performance
Mar 2024In the year ended Mar 2024, Vedant Fashions Ltd (MANYAVAR) reported revenue of ₹1,368 crore, net profit of ₹414 crore and earnings per share of ₹17.05. That compares with revenue of ₹1,355 crore and net profit of ₹429 crore in Mar 2023. Figures are consolidated, as filed with the exchanges.
In the quarter ended Sep 2024, revenue was ₹268 crore and net profit ₹67 crore (consolidated).
| Metric | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 |
|---|---|---|---|---|---|
| Revenue (₹ cr) | 916 | 565 | 1,041 | 1,355 | 1,368 |
| Net profit (₹ cr) | 237 | 133 | 315 | 429 | 414 |
| EPS (₹) | 18.9 | 10.72 | 12.98 | 17.67 | 17.05 |
| Measure | 5Y | 3Y | 1Y |
|---|---|---|---|
| Sales growth | 8.66% | 11.18% | 0.93% |
| Profit growth | 9.65% | 8.00% | -3.48% |
| Stock price CAGR | - | -31% | -50% |
Ownership Summary
Jun 2026As of Jun 2026, promoters hold 74.94% of Vedant Fashions Ltd (MANYAVAR) (unchanged from the previous quarter), foreign institutional investors (FII) hold 7.95% and domestic institutional investors (DII) hold 13.2%. Market capitalisation was ₹9,548 crore on 10 Jul 2026. Shareholding is filed quarterly with BSE and NSE; Solomo carries every filing back to Mar 2022.
Largest disclosed public shareholders in Jun 2026: SBI EQUITY HYBRID FUND 3.5%, GOVERNMENT PENSION FUND GLOBAL 3.11%, NIPPON LIFE INDIA TRUSTEE LTD-A/C NIPPON INDIA MUL 2.84%, ICICI PRUDENTIAL LIFE INSURANCE COMPANY LIMITED 1.39%, ADITYA BIRLA SUN LIFE TRUSTEE PRIVATE LIMITED A/C 1.09%. Only stakes above the 1% disclosure threshold are named in filings.
| Quarter | Promoter | Pledged | FII | DII | Public |
|---|---|---|---|---|---|
| Jun 2026 | 74.94% | - | 7.95% | 13.2% | 25.06% |
| Mar 2026 | 74.94% | - | 8.29% | 12.62% | 25.06% |
| Dec 2025 | 74.94% | - | 9.3% | 12% | 25.06% |
| Sep 2025 | 74.95% | - | 9.76% | 10.95% | 25.05% |
| Jun 2025 | 74.95% | - | 9.89% | 11.1% | 25.05% |
| Mar 2025 | 74.95% | - | 10.14% | 10.59% | 25.05% |
| Dec 2024 | 74.96% | - | 10.55% | 10.37% | 25.04% |
| Sep 2024 | 74.96% | - | 9.53% | 11.57% | 25.04% |