Arvind Fashions Limited (ARVINDFASN.NS) Valuation

Valuation

Model-based estimates, not advice. The DCF is the discounted-cash-flow value per share; compare it with the price, not as a target.

DCF fair value

+532.5%

₹2,247.99

vs ₹355.40 price

Levered DCF

₹1,669.68

After debt service

Piotroski score

6 / 9

Average

Altman Z-score

—

Rating

C+

Overall 2 / 5

Ratios by fiscal year

Margins and yields are shares of revenue, equity or price; multiples are ×.

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
P/E	43.95×	-150.63×	74.58×	100.97×	-12.96×	-2.22×	-2.84×	361.6×
P/B	5.71×	5.37×	5.99×	4.08×	4.62×	2.47×	1.9×	5.33×
P/S	1.02×	1.11×	1.41×	0.91×	1.14×	0.68×	0.3×	1.3×
EV / EBITDA	9.45×	10.2×	13.14×	9.84×	17.4×	19.81×	13.76×	22.97×
Gross margin	42.8%	53.5%	47.9%	44.7%	39.4%	37.1%	41.1%	46.8%
Operating margin	7.9%	47.7%	6.8%	6.1%	-1.2%	-18.8%	-4.1%	3.0%
Net margin	2.3%	-0.8%	1.9%	0.9%	-8.8%	-30.3%	-10.4%	0.4%
Current ratio	1.26×	1.28×	1.27×	1.2×	1.16×	0.99×	0.96×	1.15×
Debt / equity	1.42×	1.21×	1.14×	1.39×	1.47×	3.64×	3.61×	0.73×
Interest coverage	2.43×	14.13×	1.84×	1.84×	-0.28×	-1.97×	-0.57×	1.06×
Dividend yield	0.4%	0.3%	0.2%	0.0%	0.0%	0.0%	0.0%	0.0%
Payout ratio	17.4%	-46.8%	16.5%	0.0%	0.0%	0.0%	0.0%	0.0%

Key metrics by fiscal year

Metric	FY2026	FY2025	FY2024	FY2023	FY2022	FY2021	FY2020	FY2019
Return on equity	13.0%	-3.7%	8.0%	4.0%	-35.6%	-111.1%	-67.0%	1.5%
Return on invested capital	11.1%	13.7%	7.5%	7.3%	-1.7%	-14.0%	-4.3%	6.7%
Return on assets	2.9%	-0.9%	2.2%	1.0%	-8.2%	-15.7%	-9.0%	0.5%
Free cash flow yield	4.0%	8.4%	5.9%	6.8%	8.4%	-9.6%	6.7%	0.4%
Earnings yield	2.3%	-0.7%	1.3%	1.0%	-7.7%	-44.9%	-35.2%	0.3%
Enterprise value	₹66.6B	₹61.4B	₹70.1B	₹48B	₹44.8B	₹31.8B	₹32.9B	₹68.3B
Net debt / EBITDA	1.81×	1.67×	1.87×	2.23×	3.94×	11.77×	9×	2.75×
Cash conversion cycle (days)	113	42	53	46	32	94	0	37