Buy Arvind Fashions, target price Rs 632: Anand Rathi

Anand Rathi has buy call on Arvind Fashions with a target price of Rs 632. The current market price of Arvind Fashions Ltd. is Rs 466.85.

Arvind Fashions Ltd., incorporated in the year 2016, is a Small Cap company (having a market cap of Rs 6210.37 Crore) operating in Apparels sector.

Arvind Fashions Ltd. key Products/Revenue Segments include Textiles, Other Operating Revenue and Export Incentives for the year ending 31-Mar-2023.



Financials
For the quarter ended 31-03-2024, the company reported a Consolidated Total Income of Rs 1106.84 Crore, down -2.22 % from last quarter Total Income of Rs 1131.96 Crore and down -4.12 % from last year same quarter Total Income of Rs 1154.46 Crore. Company reported net profit after tax of Rs 39.67 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 36.78 per cent stake in the company as of 31-Mar-2024, while FIIs owned 15.73 per cent, DIIs 10.66 per cent.