Arthneeti

Arvind Q2 FY27 Share Price & Earnings Call Analysis

₹509.40-0.56% today
Market cap
₹13,869 Cr
P/E
31.61
ROE
10.79%
PEG
5.40
Price to sales
1.40
Debt to equity
0.41
52W high / low
₹587 / ₹293
Sales growth (5Y)
12.89%
EBITDA margin
10.88%
Net profit margin
4.68%
Promoter holding
38.09%
Sales (last year)
₹9,798 Cr

Arvind Limited (‘the Company’) is one of India’s leading vertically integrated textile company with the presence of almost eight decades in this industry. It is among the largest denim manufacturers in the world. It also manufactures a range of cotton shirting, denim, knits and bottom weights (Khakis) fabrics and Jeans and Shirts Garments. [1]

Guidance scorecard · Q2 FY27 call

What Arvind Ltd's management guided
and where it ranks in Textiles & Apparels

#21of 42 in
Textiles & Apparels
Revenue10–20%MarginsUp 0–2%CapexPlannedFundraisingPlannedOrder bookRising

RevenueQ1 FY27 call

10–20%
  • Overall company growth is targeted around mid-teens percentage annually across segments.
  • Advanced Materials (AMB) expected to grow at close to 20%.
  • Garmenting segment targeting ~15% growth for FY27, with current capacity expansion underway.
  • Fabric segment projected to grow in high single digits.
  • Denim business is at all-time high volumes with capacity expansions planned; robust demand expected to sustain, including asset-light models adding capacity.
  • Human Protection and Composites expected to continue high growth trajectory, driven by defense and renewables sectors.
  • Industrial sub-segment growth constrained recently by capex delays but expected to catch up and grow at ~20% medium term.

2 more points from Arvind Ltd's call on revenue

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Full Q1 FY27 analysis

MarginsQ1 FY27 call

Up 0–2%

See what Arvind Ltd said on margins — free account, 30 seconds.

Full Q1 FY27 analysis

CapexQ1 FY27 call

Planned
  • INR 98 crores invested in growth-oriented capital expenditure during the quarter, aligned with long-term strategic priorities.
  • Upgradation of two denim production lines to increase capacity expected in 3-4 months; firing line eight capacity addition under evaluation, could add 7-8% capacity.
  • Significant investment in Advanced Materials (particularly industrial segment) expected this year to support growth, correcting previous capacity constraints.

2 more points from Arvind Ltd's call on capex

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Full Q1 FY27 analysis

FundraisingQ1 FY27 call

Planned

See what Arvind Ltd said on fundraising — free account, 30 seconds.

Full Q1 FY27 analysis

Order bookQ1 FY27 call

Rising
  • The order book is described as "extremely healthy" with robust demand.
  • There were some pending orders from quarter 4 that got executed in quarter 1, accounting for about 10% of revenue for the quarter.
  • Some orders remain pending and are expected to be executed in quarter 2.
  • The backlog in the industrial segment is due to execution and shipping delays, including flooding, not market constraints.
  • The company remains optimistic about strong order pipelines across segments.

2 more points from Arvind Ltd's call on the order book

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Full Q1 FY27 analysis
Full Textiles & Apparels ranking

Ranges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.

Potential multibaggers · Q2 FY27

Potential multibaggers in Textiles & Apparels
on management's own guidance

  1. Strong growth
    2
  2. Strong growth
    1
  3. Sumeet IndustrieGood growth
    3
See all potential multibaggersWhere does Arvind Ltd rank?

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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.

Peers

Textiles & Apparels companies ranked on guidance

#CompanyRevenue guidedMargin guidedMarket capP/E
140%+Up 2%+₹560 Cr90.6
240%+Flat₹421 Cr27.7
3Sumeet Industrie20–40%Up 2%+₹751 Cr30.3
420–40%Up 2%+₹305 Cr20.4
520–40%Up 0–2%₹2,823 Cr17.5
620–40%Up 0–2%₹1,225 Cr69.7

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Financials of Arvind Ltd

Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.

Shareholder Pattern

Arvind Ltd

Shareholding breakup across reporting periods.

Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters +41.14%41.13%39.61%39.59%39.59%39.58%39.56%39.53%39.53%39.53%39.53%38.09%
FIIs +12.63%15.15%17.54%18.33%18.66%18.71%17.58%16.81%16.51%16.10%16.44%15.11%
DIIs +14.24%14.81%16.32%17.21%17.61%18.10%18.10%18.69%19.30%20.04%19.88%23.85%
Public +31.96%28.91%26.54%24.87%24.13%23.60%24.77%24.96%24.65%24.34%24.14%22.94%
No. of Shareholders2,03,5921,99,2801,88,3821,92,3971,84,8171,80,5681,86,1241,87,4981,78,6021,76,9081,81,0121,97,144

Financials of Arvind Ltd

Quarterly Results

Quarter-by-quarter operating performance

Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales +1,9221,8882,0751,8312,1882,0892,2212,0062,3712,3732,5532,5012,919
Expenses +1,7161,6731,8321,6811,9671,8531,9761,8292,1242,1002,2472,2612,609
Operating Profit206216243150221236245177247273306240310
OPM %11%11%12%8%10%11%11%9%10%11%12%10%11%
Other Income +1310813121130915-1235-452
Interest39394540394047414142415471
Depreciation676667686062696972727893107
Profit before tax113120138541351451587614914722389184
Tax %26%21%24%19%53%27%2%28%28%31%26%35%18%
Net Profit +849410444631061555510710116558152
EPS in Rs3.063.513.791.502.283.955.772.033.943.726.092.045.44

Financials of Arvind Ltd

Profit & Loss

Annual income statement trend

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales +7,8518,0119,2216,7947,1427,3695,0738,0108,3827,7388,3299,30310,345
Expenses +6,8167,0378,2616,1036,4196,6614,5957,1807,5546,8587,4338,2429,217
Operating Profit1,0369749606917237084788308288798951,0621,129
OPM %13%12%10%10%10%10%9%10%10%11%11%11%11%
Other Income +398966109395151310042654471
Interest417383312192236255239197192193208220207
Depreciation212239294222235290285254253266259290350
Profit before tax445441420385290168-31393484463493595643
Tax %24%28%24%18%21%45%-11%38%15%24%25%28%
Net Profit +33831632131622892-27242413353367427475
EPS in Rs13.2112.1712.1811.978.753.70-0.649.1415.4712.8713.5015.7917.29
Dividend Payout %19%20%20%20%23%0%0%0%37%37%28%28%

Financials of Arvind Ltd

Balance Sheet

Capital structure and asset base

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Sep 2026
Equity Capital258258258259259259259261262262262262272
Reserves2,4662,3883,3093,5242,4922,4502,4602,6903,0843,2813,5243,7823,977
Borrowings +3,3973,8192,9263,3232,7002,6402,1211,8651,5171,4481,5621,6602,941
Other Liabilities +1,8551,6592,0323,0821,8721,7901,8722,8812,0352,2542,6843,1064,277
Total Liabilities7,9768,1258,52510,1887,3227,1386,7137,6976,8987,2458,0328,81011,467
Fixed Assets +3,2083,3573,6723,9623,4213,8353,5903,4813,4273,4213,5783,9935,254
CWIP10014796116262113784680117409121291
Investments595442777678907066211167150269430
Other Assets +4,6094,0774,4816,0333,5613,1002,9744,1043,1803,5393,8954,4275,492
Total Assets7,9768,1258,52510,1887,3227,1386,7137,6976,8987,2458,0328,81011,467

Financials of Arvind Ltd

Cash Flows

Operating, investing and financing cash movement

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity +5586505514282,358860776595666696763867
Cash from Investing Activity +-587-50366-353-1,306-306-81-121-135-277-493-607
Cash from Financing Activity +-48-151-621-55-1,019-575-717-439-534-419-271-228
Net Cash Flow-77-3-42033-20-2234-31-132
Free Cash Flow54127120-272,399464687448496443280381
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit67%79%68%81%304%126%165%76%91%94%96%97%

Financials of Arvind Ltd

Ratios

Working capital efficiency and return ratios

Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days543531954652795142505257
Inventory Days193202207258179125168196135197197177
Days Payable141128124247152123203193101136152160
Cash Conversion Cycle10610911410673544453761119673
Working Capital Days9-10420-4-10121591466
ROCE %15%13%11%8%9%9%5%13%13%13%13%15%

Guidance history

How Arvind Ltd's guidance has moved, call by call

CallRevenueMarginsCapexFundraisingOrder book
Q1 FY27 call →10–20%Up 0–2%PlannedPlannedRising
Q4 FY26 call →10–20%FlatPlannedPlanned—
Q3 FY26 call →10–20%FlatPlanned——

What management guided on each call, newest first. Not investment advice, and not a forecast of returns.

80out of 100

Momentum score · price trend

80 out of 100 — Strengthening

Over the past year its share price has done better than most of the stocks we track.

PeriodShare price changeBetter than … of 1,910 stocks
Last 12 months+59.0%87%
Last 6 months+30.4%81%
Last 3 months−1.0%64%
How we calculate it

“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).

The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Arvind Ltd: 0.4 × 87 + 0.4 × 81 + 0.2 × 64 = 80.

Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.

Full methodology →

This describes only how the share price has moved up to 28 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.

Continue your research

What Arvind Ltd's management said in earlier quarters

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