Vedant Fashions Limited (MANYAVAR) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of Vedant Fashions Limited ₹502, price ₹519, upside -3.2%, quality 74 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
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Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Oct 2, 2026.
How to read this chart
55‑month range ₹337.10 – ₹1,433 · fair‑value band ₹351.72 – ₹653.20 · the ₹519.20 price screens above the ₹502.46 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Oct 2, 2026.
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Vedant Fashions Limited manufactures, trades, and sells wedding and celebration wear in India Nepal, the United States, Canada, the United Arab Emirates, the United Kingdom, and internationally.
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Vedant Fashions Limited manufactures, trades, and sells wedding and celebration wear in India Nepal, the United States, Canada, the United Arab Emirates, the United Kingdom, and internationally. The company offers kurta sets, indo-western, sherwani sets, jackets, accessories, jodhpuris suits, and short kurtas for men; lehengas, sarees, stitched suits, crop top lehengas, gowns, and accessories for women; and kurta sets, jacket sets, indo-western outfits, child infant, child accessories, girls' ghagra choli, girls' gowns, and girls' frock for children. It provides its products under the Manyavar, Mohey, Twamev, Diwas, and Mebaz brands through franchised stores, multi-brand outlets, large format stores, and e-commerce. Vedant Fashions Limited was founded in 1999 and is headquartered in Kolkata, India.
Stock analysis
Vedant Fashions Limited (MANYAVAR) currently trades at ₹519.20, while our model-based Fair Value estimate is ₹502.46, so the stock looks roughly fairly valued today (gap 3.3%).
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹331.04 per share, and 0 of the 26 models we run sit above the ₹519.20 price.
Bear case: the Asset-Based group reads lowest at ₹54.17, and 26 of the 26 models stay below the price. Evidence for this calculation is high.
Scenario range: ₹351.72 (bear) to ₹653.20 (bull), the price of ₹519.20 sits inside it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 74/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Vedant Fashions Limited reported revenue of ₹14.4B in FY2026 versus ₹10.4B in FY2022, a compound +8.4%/yr. Reported net income was ₹3.8B in FY2026, compounding +4.5%/yr from FY2022.
Key figures
Market cap ₹126B (≈ $1.3B) · P/E ratio 32.7 · P/S ratio 8.55 · EPS (TTM) ₹15.89 · Dividend yield 1.5% · Net margin 26.2% · Return on equity 20.0% · Return on assets (EBIT) 30.2%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 62 out of 100 (medium confidence).
What moves the price
The share trades about 26% below its 52-week high and 54% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −18% fair-value upside, at −3%, MANYAVAR screens cheaper than that median.
Fair Value models
Bear ₹351.72Fair Value ₹502.46Bull ₹653.20
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹4.13 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.100/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+3.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+1.9%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+20.5%
Start year 2021 (pandemic)
Revenue growth 8 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+8.3%
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What shareholders gained per year (last 5 years), in INR ⓘWhat the business itself delivers per year: earnings growth per share plus the dividend yield. This is what you get IF the market keeps valuing the stock the same way: it contains no assumption about the market changing its mind. Computed per share, so buybacks count and a merger does not pass as growth. For a company that pays no dividend it is pure earnings growth per share. Period: earnings growth per share as CAGR over the last 5 reported fiscal years (annual statements), plus the current dividend yield. The start value is the median of the three years around the start, so a single crisis year (a pandemic or a write-down) does not distort the rate. Measured in INR: this currency has depreciated against the euro and dollar over the long run, so part of the nominal rate is currency erosion that never reaches a EUR/USD investor.
+11.8%
Earnings growth per share plus dividend.
Earnings per share, growth per year+10.3%
Dividend (yield on the price)1.5%
Growth Forecast
A lot of optimism in the price
The price assumes about as much growth as the company has delivered so far and more than analysts expect.
What the price assumes ⓘThis turns our valuation around: instead of asking what the share is worth, it asks what growth the current price requires. It uses the cash the company keeps after all spending (free cash flow), the same discount rate as our models, five years of growth, then slowing evenly to 2 % a year by year ten. Compared with the analysts' sales forecasts extended to the same five years (at least three analysts, for context only, it does not enter the Fair Value): within 3 percentage points counts as "in line" (amber), below that little optimism (green), above that a lot of optimism (red).
+22.8%
Yearly growth needed for the next five years to justify today's price.
What forecasts expect ⓘAnalysts publish sales forecasts for the next two fiscal years. For the years after that, growth slows evenly to 2 % a year by year ten (2 % is the long-run rate our models use). Projected years are marked as such.
+7.7%
Yearly sales growth analysts expect, extended to five years.
After inflation (India: IMF forecast 4.1% a year to 2030, 4.7% from 2016 to 2025) that is about +17.9% a year for the price and +3.4% for the forecasts.
Compare Vedant Fashions Limited with another stock
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Apparel Manufacturing · 215 stocks
Beats the industry median on 6/13 measures
A mixed picture versus its industry peers.
Valuation
Quality Score74 · Top 25%
Fair Value upside−3.2% · Below median
Profitability
Return on equity (TTM)20.0% · Top 25%
Return on assets10.2% · Top 25%
Net margin (TTM)26.2% · Top 25%
Operating margin (TTM)33.8% · Top 25%
Growth and dividend
Revenue growth8.7% · Above median
Dividend yield (TTM)1.5% · Below median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
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Is Vedant Fashions Limited (MANYAVAR) overvalued or undervalued?
As of Oct 2, 2026, our model estimates a fair value of ₹502.46 versus a price of ₹519.20, about −3% upside (fairly valued).
What is the fair value of MANYAVAR?
Our model-based fair value for Vedant Fashions Limited is ₹502.46 (as of Oct 2, 2026), built from audited fundamentals. The current price: ₹519.20.
What is the quality score of MANYAVAR?
Vedant Fashions Limited has a Quality Score of 74/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for Vedant Fashions Limited (MANYAVAR)?
Our model-based price target is the fair value of ₹502.46 (as of Oct 2, 2026) from 26 valuation models. Cautious scenario ₹351.72, optimistic scenario ₹653.20. It is a calculation from audited fundamentals, not an analyst target.
What is the Vedant Fashions Limited stock forecast for 2026?
Our models put fair value at ₹502.46, about −3% upside versus a price of ₹519.20 (fairly valued). Cautious scenario ₹351.72, optimistic scenario ₹653.20. The calculation is refreshed regularly with new filings.
What is the revenue of Vedant Fashions Limited (MANYAVAR)?
Vedant Fashions Limited reported trailing-twelve-month revenue of about ₹14.6B (latest available figure, as of Oct 2, 2026).
Does Vedant Fashions Limited pay a dividend?
Vedant Fashions Limited currently shows a dividend yield of about 1.49% relative to its recent price (as of Oct 2, 2026).
What growth is priced into Vedant Fashions Limited (MANYAVAR)?
For today's price to be fair in a discounted-cash-flow model, Vedant Fashions Limited would have to grow free cash flow by +22.8 % per year for five years (discount rate 13.9 %, then slowing evenly to 2 % perpetual growth by year ten). Over the last 5 years revenue grew +20.5 % per year. As of Oct 2, 2026.
What discount rate (WACC) does the fair value of MANYAVAR use?
Our models discount Vedant Fashions Limited at 13.9 %: a base by market capitalisation (small), country premium for India. The same rate applies in all 26 models.
What is a reverse DCF?
A reverse DCF turns the usual calculation around. Instead of deriving a value from assumptions, it takes today's price as given and asks: what free-cash-flow growth would a company have to deliver for exactly this price to be fair? The result is not a forecast but the expectation already priced in. For Vedant Fashions Limited that is +22.8 % per year a year over ten years, using the same discount rate (13.9 %) and the same formula as our fair value.
How much growth has Vedant Fashions Limited (MANYAVAR) delivered so far?
Over the past 5 years revenue at Vedant Fashions Limited grew +20.5 % a year. The price currently implies +22.8 % per year free-cash-flow growth a year. Comparing the two shows how much confidence is in the price: if it demands more than has been delivered, the business has to accelerate for the maths to work.
How fast is the sector of Vedant Fashions Limited (MANYAVAR) growing?
The median revenue growth in the sector is +3.1 % a year. That is the yardstick for the growth priced into Vedant Fashions Limited (+22.8 % per year a year): it shows whether the expectation is within the usual range or beyond it.
What is the free cash flow yield of Vedant Fashions Limited (MANYAVAR)?
The free-cash-flow yield on the price is 3.97 %: that much free cash flow Vedant Fashions Limited produces per unit of market value. When it exceeds the discount rate of our models (13.9 %), the business already earns more than its cost of capital demands, and the price needs little additional growth.
What is the intrinsic value of Vedant Fashions Limited (MANYAVAR)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For Vedant Fashions Limited it is ₹502.46 per share (as of Oct 2, 2026), against a price of ₹519.20. It is the blended result of 26 valuation models (cash flow, earnings, asset, dividend).
Is Vedant Fashions Limited stock overvalued or undervalued in 2026?
As of Oct 2, 2026, MANYAVAR trades above its calculated fair value: price ₹519.20, fair value ₹502.46, a gap of about −3% (fairly valued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of MANYAVAR?
No. The price is what the market pays today (₹519.20); the fair value is what the company's own numbers justify (₹502.46). For Vedant Fashions Limited the two are ₹16.74 per share apart. That gap is exactly why we show both numbers side by side.
How much is Vedant Fashions Limited worth?
The market values Vedant Fashions Limited at about ₹126B (market capitalisation, as of Oct 2, 2026). Per share that is ₹519.20; our models calculate a fair value of ₹502.46 per share.
What do the bullish and bearish scenarios say about MANYAVAR?
Our models span a range for Vedant Fashions Limited: cautious scenario ₹351.72, base ₹502.46, optimistic ₹653.20 per share (as of Oct 2, 2026, price ₹519.20). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of MANYAVAR?
Vedant Fashions Limited trades at a price-to-earnings ratio of 32.7 (as of Oct 2, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹502.46 is built from several models across several years. Other multiples: P/B 6.4, P/S 8.8, EV/EBITDA 20.1.
How solid is the balance sheet of Vedant Fashions Limited (MANYAVAR)?
Balance-sheet figures for Vedant Fashions Limited (as of Oct 2, 2026): return on equity 20.0%. They feed the Quality Score of 74/100, which measures business quality independently of the share price.
How far is MANYAVAR from its 52-week high?
Vedant Fashions Limited trades at ₹519.20, about 26% below its 52-week high of ₹697.20 and 54% above the low of ₹337.10 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹502.46 is for.
Which stocks are comparable to Vedant Fashions Limited?
From the same area (Consumer Cyclical) we also value Ralph Lauren Corporation, Moncler S.p.A, LPP SA, Levi Strauss & Co, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is Vedant Fashions Limited stock attractive at the current price?
The data as of Oct 2, 2026: price ₹519.20, calculated fair value ₹502.46 (−3%), Quality Score 74/100, from 26 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of MANYAVAR calculated?
We run Vedant Fashions Limited through 26 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹502.46, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. Vedant Fashions Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of Vedant Fashions Limited (MANYAVAR)?
The closing price on Oct 1, 2026 was ₹519.20. Our model-based fair value is ₹502.46, about −3% upside (fairly valued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with Vedant Fashions Limited right now?
The price sits close to our fair value, market and models broadly agree here, little valuation tension. A fairly wide model range (₹351.72 to ₹653.20) leaves room in how you read the outcome.
Key figures of Vedant Fashions Limited
How large is the market capitalisation of Vedant Fashions Limited (MANYAVAR)?
The market capitalisation of Vedant Fashions Limited is ₹126B (≈ $1.3B). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of Vedant Fashions Limited (MANYAVAR)?
The price-to-sales ratio of Vedant Fashions Limited is 8.55 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of Vedant Fashions Limited (MANYAVAR)?
Earnings per share at Vedant Fashions Limited are ₹15.89 (price ÷ EPS = P/E 32.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the dividend yield of Vedant Fashions Limited (MANYAVAR)?
The dividend yield of Vedant Fashions Limited is 1.5% (payout 48.8%). Yearly dividend relative to the share price. 3% pays 3 per 100 invested. Below: how much of profit is used for it.
What is the net margin of Vedant Fashions Limited (MANYAVAR)?
The net margin of Vedant Fashions Limited is 26.2% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of Vedant Fashions Limited (MANYAVAR)?
The return on equity (ROE) of Vedant Fashions Limited is 20.0% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of Vedant Fashions Limited (MANYAVAR)?
On an EBIT basis the return on assets of Vedant Fashions Limited is 30.2% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of Vedant Fashions Limited (MANYAVAR)?
The operating margin of Vedant Fashions Limited is 29.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at Vedant Fashions Limited (MANYAVAR)?
Revenue at Vedant Fashions Limited is growing +7.2% versus a year earlier (3y avg +1.9%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at Vedant Fashions Limited (MANYAVAR)?
Earnings per share at Vedant Fashions Limited are growing +14.9% versus a year earlier. How much earnings per share grew versus a year earlier.
How much net debt does Vedant Fashions Limited (MANYAVAR) carry?
The net debt of Vedant Fashions Limited is ₹4.5B (fiscal year 2026, ≈ 0.9 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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