445.0000 -25.05 (-5.33%)
NSE Jan 19, 2026 09:07 AM
Volume: 8,927
 

445.00
-5.33%
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 all available SMAs
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