513.2000 -20.85 (-3.90%)
NSE Sep 26, 2025 14:28 PM
Volume: 143.1K
 

513.20
-3.90%
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.'s price crossed below 30Day SMA today
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