Quick Ratios
Quarterly Results
Profit & Loss
Balance Sheet
Cash Flow
Ratios
Mkt Cap
Market Capitalization
₹10,447Cr
Rev Gr TTM
Revenue Growth TTM
9.63%
Peer Comparison
Compare up to 10 companies side by side across valuation, profitability, and growth.

ARVIND
VS
| Quarter | Mar 2023 | Jun 2023 | Sep 2023 | Mar 2024 | Jun 2024 | Sep 2024 | Mar 2025 | Jun 2025 | Sep 2025 |
|---|
|
Growth YoY Revenue Growth YoY% | -14.4 | -21.2 | -11.4 | -4.6 | 10.3 | -1.2 | 13.9 | 10.6 | 7.0 | 9.6 | 8.3 | 13.6 |
| 1,690 | 1,673 | 1,716 | 1,672 | 1,832 | 1,681 | 1,967 | 1,852 | 1,975 | 1,829 | 2,124 | 2,099 |
Operating Profit Operating ProfitCr |
| 10.1 | 9.7 | 10.7 | 11.4 | 11.7 | 8.2 | 10.1 | 11.3 | 11.1 | 8.8 | 10.4 | 11.5 |
Other Income Other IncomeCr | 22 | 13 | 13 | 9 | 8 | 13 | 12 | 10 | 29 | 9 | 15 | -13 |
Interest Expense Interest ExpenseCr | 38 | 37 | 39 | 39 | 45 | 40 | 39 | 40 | 47 | 41 | 41 | 42 |
Depreciation DepreciationCr | 66 | 65 | 67 | 66 | 67 | 68 | 60 | 62 | 69 | 69 | 72 | 72 |
| 108 | 92 | 113 | 120 | 138 | 54 | 135 | 145 | 158 | 76 | 149 | 147 |
| 16 | 22 | 29 | 26 | 34 | 11 | 72 | 39 | 4 | 22 | 42 | 46 |
|
Growth YoY PAT Growth YoY% | 12.7 | -31.4 | -33.8 | 8.4 | 7.3 | -37.3 | -25.4 | 12.6 | 48.1 | 25.1 | 70.0 | -5.0 |
| 5.2 | 3.8 | 4.4 | 5.0 | 5.0 | 2.4 | 2.9 | 5.1 | 7.0 | 2.7 | 4.5 | 4.3 |
| 3.7 | 2.5 | 3.1 | 3.5 | 3.8 | 1.5 | 2.3 | 4.0 | 5.8 | 2.0 | 4.0 | 3.7 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM |
|---|
|
| | 2.0 | 15.1 | -26.3 | 5.1 | 3.2 | -31.2 | 57.9 | 4.7 | -7.7 | 7.6 | 7.7 |
| 6,839 | 7,061 | 8,284 | 6,120 | 6,425 | 6,677 | 4,610 | 7,202 | 7,582 | 6,893 | 7,475 | 8,027 |
Operating Profit Operating ProfitCr |
| 12.9 | 11.9 | 10.2 | 9.9 | 10.0 | 9.4 | 9.1 | 10.1 | 9.5 | 10.9 | 10.3 | 10.5 |
Other Income Other IncomeCr | 39 | 89 | 66 | 54 | 39 | 3 | 16 | 42 | 105 | 43 | 64 | 40 |
Interest Expense Interest ExpenseCr | 395 | 359 | 288 | 176 | 220 | 237 | 225 | 176 | 164 | 159 | 166 | 171 |
Depreciation DepreciationCr | 212 | 239 | 294 | 222 | 235 | 290 | 285 | 254 | 253 | 266 | 259 | 282 |
| 445 | 441 | 420 | 330 | 300 | 168 | -31 | 419 | 487 | 463 | 493 | 531 |
| 107 | 125 | 99 | 69 | 62 | 76 | -4 | 151 | 71 | 111 | 125 | 114 |
|
| | -6.4 | 1.5 | -18.7 | -8.4 | -61.4 | -129.7 | 1,078.2 | 55.5 | -15.4 | 4.2 | 13.5 |
| 4.3 | 4.0 | 3.5 | 3.8 | 3.3 | 1.3 | -0.5 | 3.3 | 5.0 | 4.6 | 4.4 | 4.7 |
| 4.7 | 4.3 | 4.3 | 4.2 | 8.8 | 3.7 | -0.6 | 9.2 | 15.5 | 12.9 | 13.5 | 15.5 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 |
|---|
Equity Capital Equity CapitalCr | 258 | 258 | 258 | 259 | 259 | 259 | 259 | 261 | 262 | 262 | 262 | 262 |
| 2,466 | 2,388 | 3,306 | 3,524 | 2,492 | 2,450 | 2,460 | 2,690 | 3,084 | 3,281 | 3,524 | 3,575 |
Current Liabilities Current LiabilitiesCr | 3,722 | 3,833 | 3,929 | 5,105 | 3,408 | 3,075 | 2,596 | 3,636 | 2,840 | 3,100 | 3,508 | 3,610 |
Non Current Liabilities Non Current LiabilitiesCr | 1,495 | 1,657 | 1,021 | 1,065 | 1,089 | 1,324 | 1,358 | 1,062 | 669 | 540 | 720 | 694 |
Total Liabilities Total LiabilitiesCr |
Current Assets Current AssetsCr | 3,991 | 3,672 | 4,083 | 5,539 | 3,401 | 2,947 | 2,814 | 4,040 | 3,117 | 3,472 | 3,772 | 3,856 |
Non Current Assets Non Current AssetsCr | 3,984 | 4,520 | 4,585 | 4,719 | 3,932 | 4,218 | 3,907 | 3,665 | 3,797 | 3,788 | 4,327 | 4,374 |
Total Assets Total AssetsCr |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Operating Cash Flow Operating Cash FlowCr | 558 | 650 | 551 | 428 | 2,358 | 860 | 776 | 595 | 666 | 696 | 763 |
Investing Cash Flow Investing Cash FlowCr | -587 | -502 | 66 | -356 | 86 | -306 | -81 | -121 | -135 | -277 | -504 |
Financing Cash Flow Financing Cash FlowCr | -49 | -151 | -621 | -55 | -1,019 | -575 | -717 | -439 | -534 | -419 | -271 |
|
Free Cash Flow Free Cash FlowCr | 20 | 95 | 120 | -27 | 1,756 | 464 | 687 | 448 | 496 | 443 | 280 |
| 165.4 | 205.7 | 171.8 | 164.3 | 987.8 | 934.3 | -2,834.2 | 221.9 | 159.8 | 197.5 | 207.7 |
CFO To EBITDA CFO To EBITDA% | 55.1 | 68.5 | 58.8 | 63.6 | 329.0 | 124.3 | 167.8 | 73.6 | 83.3 | 82.4 | 89.4 |
| Financial Year | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 |
|---|
Valuation Ratios Valuation Ratios |
Market Cap Market CapitalizationCr | 6,766 | 7,053 | 10,174 | 9,949 | 2,348 | 511 | 1,701 | 3,010 | 2,232 | 7,068 | 8,253 |
Price To Earnings Price To Earnings | 20.6 | 22.4 | 32.3 | 32.1 | 10.4 | 5.3 | 0.0 | 12.6 | 5.5 | 21.0 | 23.4 |
Price To Sales Price To Sales | 0.9 | 0.9 | 1.1 | 1.5 | 0.3 | 0.1 | 0.3 | 0.4 | 0.3 | 0.9 | 1.0 |
Price To Book Price To Book | 2.8 | 2.7 | 2.9 | 2.6 | 0.8 | 0.2 | 0.6 | 1.0 | 0.7 | 2.0 | 2.2 |
| 9.7 | 11.0 | 13.8 | 19.3 | 6.7 | 4.0 | 8.2 | 5.9 | 4.6 | 10.0 | 11.4 |
Profitability Ratios Profitability Ratios |
| 55.5 | 56.7 | 54.4 | 53.3 | 54.4 | 49.3 | 50.3 | 48.5 | 46.7 | 52.5 | 52.4 |
| 12.9 | 11.9 | 10.2 | 9.9 | 10.0 | 9.4 | 9.1 | 10.1 | 9.5 | 10.9 | 10.3 |
| 4.3 | 4.0 | 3.5 | 3.8 | 3.3 | 1.3 | -0.5 | 3.3 | 5.0 | 4.6 | 4.4 |
| 14.4 | 13.0 | 11.2 | 7.3 | 9.8 | 8.0 | 4.0 | 12.4 | 13.4 | 12.5 | 12.3 |
| 12.4 | 11.9 | 9.0 | 6.9 | 8.7 | 3.4 | -1.0 | 9.1 | 12.5 | 9.9 | 9.7 |
| 4.2 | 3.9 | 3.7 | 2.5 | 3.3 | 1.3 | -0.4 | 3.5 | 6.0 | 4.9 | 4.5 |
Operational Ratios Operational Ratios |
Solvency Ratios Solvency Ratios |
Liquidity Ratios Liquidity Ratios |
### **Company Overview**
Arvind Limited is a leading Indian diversified conglomerate headquartered in Ahmedabad, Gujarat, operating across textiles, apparel, advanced materials, environmental solutions, telecom, and omnichannel commerce. As an integrated “fiber-to-fashion” solutions provider, the company serves a global clientele of top fashion and lifestyle brands. It ranks among the world’s top fabric suppliers and is recognized for innovation, sustainability, and intellectual property generation.
Key reportable segments (as per Ind-AS 108) include:
- **Textiles** (fabrics, garments, retail)
- **Advanced Materials Division (AMD)**
- **Others** (e-commerce, agriculture, EPABX, real estate, renewable energy)
---
### **Core Strategic Focus Areas (2023–2025)**
Arvind’s value creation strategy centers on scaling its core businesses through four growth engines:
1. **Verticalization** – Expanding from fabric to full garment and retail integration
2. **Innovation & R&D** – Investing in sustainable and proprietary technologies
3. **Branding & Design Leadership** – Delivering high-differentiation products
4. **Advanced Materials Growth** – Driving expansion in high-margin technical textiles
The company is transitioning toward an **asset-light model**, particularly in garments, to enhance scalability and profitability.
---
### **Sustainability & Innovation Leadership (2023–2025)**
#### **Waterless Dyeing Technology – SUPRAUNO® (Sep 2025)**
- Arvind launched India’s **first commercial-scale supercritical CO₂ dyeing machine** under the **SUPRAUNO®** brand at its Ahmedabad facility.
- Developed in partnership with **Deven Supercriticals** and supported by **H&M Group**, this innovation eliminates the need for water in dyeing.
- Performance vs. conventional methods:
- **76% reduction in water usage**
- **67% lower energy consumption**
- **Up to 90% reduction in chemical use**
- **No salt required for cotton dyeing**
- Applies to cotton, polyester, nylon, and blends using conventional dyes in supercritical CO₂.
#### **Fibre52 – Low-Temperature Bleach & Dye System (Jul 2025)**
- A patented, eco-friendly process replacing traditional cotton preparation.
- **Eliminates need for new machinery or capital investment.**
- Uses **biodegradable, bio-based chemicals**.
- Preserves cotton strength and softness while cutting water and energy consumption.
#### **QCOOL – Moisture-Activated Cooling Finish (Jul 2025)**
- Proprietary textile finish using a **thermo-reactive polymer** that activates upon contact with sweat.
- Delivers an **instant cooling sensation**, enhancing comfort in performance and everyday wear.
#### **PFAS-Free Oil & Water Repellent (Jul 2023)**
- Patented chemistry providing **fluorine-free alternative** to PFAS.
- Meets performance standards of traditional fluorinated finishes.
- Supports compliance with tightening regulations in US and EU markets.
#### **Cleankore™ Technology (Aug 2022)**
- Proprietary dyeing technique enabling **ring dye effect** in both indigo and sulfur dyes.
- Enhances laser processing efficiency and **eliminates harmful PP spray** in garment finishing.
- Mastery limited to few mills in India, creating a technological barrier.
---
### **Circular Economy & Fiber Rejuvenation (2023–2025)**
#### **PurFi Global Joint Ventures**
Arvind has deepened its commitment to circular fashion through strategic partnerships with **PurFi Global**, a sustainable technology firm focused on converting textile waste into virgin-quality fibers.
##### **PurFi Arvind Manufacturing India (PAMI) – Gujarat Facility**
- **Joint venture established January 2025** near Arvind’s manufacturing site.
- Initial annual capacity: **5,500 MT of rejuvenated fiber** (expandable to 10 lines over 4 years).
- Process: Recycles **cotton, denim, and synthetic waste** into **virgin-like fibers** using PurFi’s proprietary closed-loop system.
- **H&M committed** to sourcing these recycled fibers for its products.
- Technology includes **elastomer removal without toxic chemicals**, preserving fiber quality and enabling multiple lifecycle reuse.
##### **PurFi Manufacturing Belgium (JV since 2019)**
- With **Concordia Textiles Group** (founded 1925), vertically integrated textile manufacturer.
- Upcycles post-industrial and post-consumer waste.
- Incorporates **fiber lineage tracking** for full **supply chain traceability**.
- Facilities in **Waregem, Belgium**, and **Tulsa, Oklahoma**.
##### **Technology Capabilities**
- Over **30 patents and 700 proprietary recipes**.
- Capable of processing **mixed fiber waste**, including **elastomeric fabrics**.
- **Saves 96% water and 90% energy** vs. virgin fiber production.
- Allows for **100% recycled content** fabrics (vs. traditional blending constraints).
---
### **Advanced Materials Division (AMD) & Strategic Restructuring**
#### **AMD: High-Growth Strategic Business (2023–2025)**
- Focus: Technical textiles for protective apparel, industrial filtration, conveyor belts, composites, and automotive fabrics.
- FY22 revenue exceeded **₹1,000 crore**; projected to grow at **20–25% CAGR**.
- Over **75% exports**, with US as largest market.
- Key applications: electric arc protection, high-temp filtration, chemical resistance.
#### **Spin-off into Standalone Entity (Apr 2025, updated May 2024)**
- AMD to be transferred to **Arvind Advanced Materials Limited (AAML)**, a wholly-owned subsidiary.
- **Objective:** Unlock long-term value, attract external capital, and allow focused growth strategy.
- Enables **strategic partnerships, JVs, and equity fundraising**.
---
### **Manufacturing & Capacity Expansion**
#### **Garments Business**
- Full garment manufacturing capacity expanded from **45M to 61M pieces/year**.
- Essentials production capacity increased from **49M to 60M pieces/year**.
- Facilities in Karnataka, Ranchi, Ahmedabad, and Ethiopia (scaled down in 2023 due to operational adjustments).
#### **Textiles**
- Ahmedabad plant capacity to expand from **42–45M to ~60M units**.
- **New C4 Jigger Technology** implemented – improves productivity by **up to 40%** without quality compromise.
#### **R&D Infrastructure**
- Operates **four R&D centers** (Naroda, Santej, Khatraj, Pune), recognized by DSIR.
- Equipped with **denim washing lab, micro spinning plant, FTIR, and HPLC systems** for chemical compliance with MRSL/RSL standards.
---
### **Investments & Sustainability Initiatives**
#### **Renewable Energy Projects**
- **₹27.32 crore investment** in **Renew Green (GJ Eight) Pvt. Ltd.** for a **wind-solar hybrid project** in Bhavnagar, Gujarat.
- Hybrid captive power project expected to offer **<2-year payback** and enhance **carbon neutrality** goals.
- Projected to add **30–40 basis points to profit margins**.
#### **Divestment of Non-Core Businesses**
- **Omuni (Arvind Internet)** sold to **Shiprocket (Jul 2022)** for **₹200 crores** (stock + cash).
- Exits e-commerce enablement to focus on core textile and advanced materials business.
---
### **Retail & Branding Initiatives**
- Expanded retail footprint with **new large showrooms in Bengaluru and Patna**.
- Focus on strengthening **omni-channel presence** despite exit from retail enablement tech (Omuni).
---
### **Partnerships & Customer Collaborations**
- **Gap Inc. Partnership (Jul 2024):** Co-launched **Global Water Innovation Centre for Action (GWICA)** to transform water use in apparel manufacturing.
- **Lycra Company, Hyosung, Creora:** Technology partners for **performance spandex** (e.g., anti-slip, adaptive Lycra, 3D Max) to enhance fabric recovery and comfort.
- **Wipro & Ericsson (Aug 2020):** Co-developed **12-meter FRP smart pole for 5G**, undergoing testing for commercialization.