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MANYAVAR - Fundamental Analysis: Financial Health & Valuation
Back to ListFundamental Rating: 3.9
| Stock Code | MANYAVAR | Market Cap | 8,882 Cr. | Current Price | 365 ₹ | High / Low | 850 ₹ |
| Stock P/E | 24.5 | Book Value | 70.8 ₹ | Dividend Yield | 2.19 % | ROCE | 25.9 % |
| ROE | 22.3 % | Face Value | 1.00 ₹ | DMA 50 | 443 ₹ | DMA 200 | 626 ₹ |
| Chg in FII Hold | -0.47 % | Chg in DII Hold | 1.05 % | PAT Qtr | 135 Cr. | PAT Prev Qtr | 56.1 Cr. |
| RSI | 35.8 | MACD | -31.7 | Volume | 13,20,664 | Avg Vol 1Wk | 9,35,930 |
| Low price | 329 ₹ | High price | 850 ₹ | PEG Ratio | 3.27 | Debt to equity | 0.27 |
| 52w Index | 6.87 % | Qtr Profit Var | -14.6 % | EPS | 14.9 ₹ | Industry PE | 26.7 |
📊 Financial Overview
- Revenue & Profitability: Quarterly PAT dropped from 56.1 Cr. to 135 Cr., but overall profit variation shows -14.6%, indicating volatility. EPS at 14.9 ₹ is moderate.
- Margins & Returns: ROCE at 25.9% and ROE at 22.3% highlight strong efficiency and shareholder returns.
- Debt: Debt-to-equity ratio of 0.27 is manageable, though higher than peers with negligible debt.
- Cash Flow: Supported by strong returns, but earnings volatility raises caution.
💹 Valuation
- P/E Ratio: 24.5 vs Industry PE of 26.7 → Fairly valued relative to peers.
- P/B Ratio: Current Price 365 ₹ vs Book Value 70.8 ₹ → Premium valuation.
- PEG Ratio: 3.27 → Expensive relative to growth prospects.
- Intrinsic Value: Current price close to fair value, limited margin of safety.
🏢 Business Model & Competitive Advantage
- Strong brand presence in ethnic apparel retail.
- High ROCE and ROE reflect efficient capital utilization.
- Dividend yield of 2.19% adds shareholder value.
📈 Technicals & Entry Zone
- RSI at 35.8 → Near oversold territory, potential accumulation zone.
- MACD negative (-31.7) → Weak momentum, short-term caution advised.
- Entry Zone: Attractive accumulation between 340–360 ₹.
- Long-Term Holding: Strong fundamentals justify holding, but volatility and debt levels require caution.
✅ Positive
- Strong ROCE and ROE indicate efficient capital use.
- Dividend yield of 2.19% provides investor returns.
- DII holdings increased by 1.05%, showing domestic institutional support.
⚠️ Limitation
- Debt-to-equity ratio higher than peers, though still manageable.
- PEG ratio suggests overvaluation relative to growth.
- Quarterly profit variation (-14.6%) indicates earnings volatility.
📉 Company Negative News
- FII holdings decreased by 0.47%, showing reduced foreign investor confidence.
- Stock has fallen significantly from its 52-week high of 850 ₹ to current levels.
📈 Company Positive News
- DII holdings increased by 1.05%, reflecting strong domestic institutional support.
- Strong quarterly PAT at 135 Cr. compared to previous 56.1 Cr., showing resilience despite volatility.
🏭 Industry
- Industry PE at 26.7 suggests sector trades at similar multiples.
- MANYAVAR is fairly valued but commands premium due to brand strength and efficiency.
🔎 Conclusion
MANYAVAR demonstrates strong fundamentals with high ROCE, ROE, and a healthy dividend yield. However, earnings volatility and relatively higher debt compared to peers raise caution. Entry is favorable near 340–360 ₹ for long-term investors. While short-term momentum is weak, the company remains a solid long-term hold due to its brand strength and efficient capital utilization.