482.3500 -8.45 (-1.72%)
NSE Jun 23, 2025 15:31 PM
Volume: 275.7K
 

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Arvind Fashions Ltd.
23 Aug 2021, 12:00AM
482.35
-1.72%
ICICI Securities Limited
We expect gross debt to reduce from | 903 crore in FY21 to | 500 crore by FY23E. The management's focus on prudent capital allocation, stringent working capital policy is expected to translate to positive FCF by FY23E, with pre Ind-AS 116 EBITDA margin of ~7%. We change our stance from REDUCE to HOLD owing to strengthened b/s. Better capital allocation towards profitable brands with improvement in margin profile, debt reduction would be key monitorables. We value...
Arvind Fashions Ltd. is trading below its 200 day SMA of 492.9
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