VANDANA KNITWEAR LTD. (VANDANA) fair value: what the stock is really worth
As of Oct 30, 2026: fair value (intrinsic value) of VANDANA KNITWEAR LTD. stock ₹20.89, price ₹33.90, upside -38.4%, quality 58 out of 100. Rating: strongly overvalued. 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. As of Oct 31, 2026.
How to read this chart
60‑month range ₹0.3300 – ₹44.98 · fair‑value band ₹9.49 – ₹27.53 · the ₹33.90 price screens above the ₹20.89 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). 1 fiscal year is left out: there the valuation rested on only a fraction of the usual models. As of Oct 31, 2026.
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Vandana Knitwear Limited engages in the manufacture, export, and sale of various textile fabrics in India. The company offers socks, shirts, and sweaters, as well as readymade garments and hosiery goods. It also engages in the commission and investment activities.
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The company was formerly known as Trendy Knitwear Limited and changed its name to Vandana Knitwear Limited in August 2012. Vandana Knitwear Limited was incorporated in 1995 and is based in Bhilwara, India.
Stock analysis
VANDANA KNITWEAR LTD. (VANDANA) currently trades at ₹33.90, while our model-based Fair Value estimate is ₹20.89, 38.4% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the Asset-Based group reads highest at a median of ₹101.60 per share, and 7 of the 22 models we run sit above the ₹33.90 price.
Bear case: the Growth DCF group reads lowest at ₹6.65, and 15 of the 22 models stay below the price. Data coverage for this calculation is low.
Scenario range: ₹9.49 (bear) to ₹27.53 (bull), the price of ₹33.90 sits above 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 58/100 (solid quality), in the Consumer Cyclical sector.
Mixed Growth: Revenue is growing, but margins or cash flow do not fully confirm the trend.
VANDANA KNITWEAR LTD. reported revenue of ₹44.5M in FY2025 versus ₹275K in FY2021, a compound +256.6%/yr. Reported net income was ₹1.1M in FY2025, compounding +174.6%/yr from FY2021. FY2021 was a trough year, so the rate overstates the trend.
Key figures
Market cap ₹3.6B (≈ $38.2M) Micro · P/S ratio 44.0 · EPS (TTM) ₹0.0100 · Net margin 2.6% · Return on equity 1.0% · Return on assets (EBIT) −0.9% · Operating margin −13.5% · Revenue (TTM) ₹44.5M.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 21 out of 100 (low confidence).
What moves the price
The share trades about 25% below its 52-week high and 169% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at 10% fair-value upside, at −38%, VANDANA screens richer than that median.
Fair Value models
Bear₹9.49Fair Value ₹20.89Bull₹27.53
Price ₹33.90 · Upside -38.4%
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above starts from their evidence-weighted blend, not from a single model. In cyclical trough or peak years, after dilution or a stock split it is adjusted afterwards, so it can sit above or below the models. Based on fiscal year 2025 figures (about 12 months old). Earnings retained since then (₹0.0100 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.Coverage ⓘCoverage = 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.62/100
Revenue is growing, but margins or cash flow do not fully confirm the trend.
Revenue growth 1 year
+19.7%
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.
+17.9%
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.
+71.0%
Start year 2020 (pandemic)
Revenue growth 6 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.
+15.8%
’19
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’25
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.
+82.6%
Earnings growth per share plus dividend.
Earnings per share, growth per year+82.6%
Dividend (yield on the price)0.0%
Profit margin 2020 to 2025 ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.−57% → 4%
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 · 214 stocks
Beats the industry median on 2/10 measures
Overall it trails its industry peers.
Valuation
Quality Score58 · Above median
Fair Value upside−38.4% · Below median
Profitability
Return on equity (12 months)1.0% · Below median
Return on assets1.0% · Below median
Net margin (12 months)2.6% · Below median
Operating margin (12 months)−13.5% · Bottom 25%
Growth and dividend
Revenue growth (quarter YoY)−12.7% · Bottom 25%
Balance sheet
Debt / equity0.01× · Below median
Valuation Multiplesvs Apparel Manufacturing median · lower = cheaper
P/B31.44× · Priciest 25%
P/S (12 months)81.54× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 40
FUTURE (revenue growth)0· sector 20
PAST (return on equity)4· sector 21
HEALTH (low debt)100· sector 98
DIVIDEND (yield)0· sector 66
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is VANDANA KNITWEAR LTD. (VANDANA) overvalued or undervalued?
As of Oct 31, 2026, our model estimates a fair value of ₹20.89 versus a price of ₹33.90, about −38% upside (overvalued).
What is the fair value of VANDANA?
Our model-based fair value for VANDANA KNITWEAR LTD. is ₹20.89 (as of Oct 31, 2026), built from audited fundamentals. The current price: ₹33.90.
What is the quality score of VANDANA?
VANDANA KNITWEAR LTD. has a Quality Score of 58/100. 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 VANDANA KNITWEAR LTD. (VANDANA)?
Our model-based price target is the fair value of ₹20.89 (as of Oct 31, 2026) from 22 valuation models. Cautious scenario ₹9.49, optimistic scenario ₹27.53. It is a calculation from audited fundamentals, not an analyst target.
What is the VANDANA KNITWEAR LTD. stock forecast for 2026?
Our models put fair value at ₹20.89, about −38% upside versus a price of ₹33.90 (overvalued). Cautious scenario ₹9.49, optimistic scenario ₹27.53. The calculation is refreshed regularly with new filings.
What is the revenue of VANDANA KNITWEAR LTD. (VANDANA)?
VANDANA KNITWEAR LTD. reported trailing-twelve-month revenue of about ₹44.5M (latest available figure, as of Oct 31, 2026).
What is the intrinsic value of VANDANA KNITWEAR LTD. (VANDANA)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For VANDANA KNITWEAR LTD. it is ₹20.89 per share (as of Oct 31, 2026), against a price of ₹33.90. It is the blended result of 22 valuation models (cash flow, earnings, asset, dividend).
Is VANDANA KNITWEAR LTD. stock overvalued or undervalued in 2026?
As of Oct 31, 2026, VANDANA trades above its calculated fair value: price ₹33.90, fair value ₹20.89, a gap of about −38% (overvalued). 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 VANDANA?
No. The price is what the market pays today (₹33.90); the fair value is what the company's own numbers justify (₹20.89). For VANDANA KNITWEAR LTD. the two are ₹13.01 per share apart. That gap is exactly why we show both numbers side by side.
How much is VANDANA KNITWEAR LTD. worth?
The market values VANDANA KNITWEAR LTD. at about ₹3.6B (market capitalisation, as of Oct 31, 2026). Per share that is ₹33.90; our models calculate a fair value of ₹20.89 per share.
What do the bullish and bearish scenarios say about VANDANA?
Our models span a range for VANDANA KNITWEAR LTD.: cautious scenario ₹9.49, base ₹20.89, optimistic ₹27.53 per share (as of Oct 31, 2026, price ₹33.90). The range comes from different growth and margin assumptions, not from analyst opinions.
How solid is the balance sheet of VANDANA KNITWEAR LTD. (VANDANA)?
Balance-sheet figures for VANDANA KNITWEAR LTD. (as of Oct 31, 2026): return on equity 1.0%, debt of 0.01 per unit of equity. They feed the Quality Score of 58/100, which measures business quality independently of the share price.
How far is VANDANA from its 52-week high?
VANDANA KNITWEAR LTD. trades at ₹33.90, about 25% below its 52-week high of ₹44.98 and 169% above the low of ₹12.61 (as of Oct 30, 2026). Distance from the high says nothing about value: that is what the fair value of ₹20.89 is for.
Which stocks are comparable to VANDANA KNITWEAR LTD.?
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 VANDANA KNITWEAR LTD. stock attractive at the current price?
The data as of Oct 31, 2026: price ₹33.90, calculated fair value ₹20.89 (−38%), Quality Score 58/100, from 22 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 VANDANA calculated?
We run VANDANA KNITWEAR LTD. through 22 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 ₹20.89, 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 13.5 % above its aggregate fair value. VANDANA KNITWEAR LTD. 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 VANDANA KNITWEAR LTD. (VANDANA)?
The closing price on Oct 30, 2026 was ₹33.90. Our model-based fair value is ₹20.89, about −38% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with VANDANA KNITWEAR LTD. right now?
The price sits above even our optimistic bull case (₹27.53). The favourable scenario is already priced in. The model range is unusually wide (₹9.49 to ₹27.53). The outcome hinges heavily on assumptions, so read the point estimate with caution. The large gap to fair value rests on thin data (low evidence): fewer applicable models and a shorter history. Read it with extra caution. Solid but not exceptional quality (58/100) and above fair value, neither a clear bargain nor a standout compounder.
Key figures of VANDANA KNITWEAR LTD.
How large is the market capitalisation of VANDANA KNITWEAR LTD. (VANDANA)?
The market capitalisation of VANDANA KNITWEAR LTD. is ₹3.6B (≈ $38.2M). 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 VANDANA KNITWEAR LTD. (VANDANA)?
The price-to-sales ratio of VANDANA KNITWEAR LTD. is 44.0 (last twelve months). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of VANDANA KNITWEAR LTD. (VANDANA)?
Earnings per share at VANDANA KNITWEAR LTD. are ₹0.0100. Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of VANDANA KNITWEAR LTD. (VANDANA)?
The net margin of VANDANA KNITWEAR LTD. is 2.6% (last twelve months). 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 VANDANA KNITWEAR LTD. (VANDANA)?
The return on equity (ROE) of VANDANA KNITWEAR LTD. is 1.0% (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 VANDANA KNITWEAR LTD. (VANDANA)?
On an EBIT basis the return on assets of VANDANA KNITWEAR LTD. is −0.9% (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 VANDANA KNITWEAR LTD. (VANDANA)?
The operating margin of VANDANA KNITWEAR LTD. is −13.5% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at VANDANA KNITWEAR LTD. (VANDANA)?
Revenue at VANDANA KNITWEAR LTD. is growing −12.7% versus a year earlier (3y avg +17.9%). 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 VANDANA KNITWEAR LTD. (VANDANA)?
Earnings per share at VANDANA KNITWEAR LTD. are growing −44.7% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does VANDANA KNITWEAR LTD. (VANDANA) generate?
The free cash flow of VANDANA KNITWEAR LTD. is ₹291K (fiscal year 2025). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does VANDANA KNITWEAR LTD. (VANDANA) carry?
The net debt of VANDANA KNITWEAR LTD. is ₹533K (fiscal year 2025, ≈ 1.8 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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Oct 31, 2026