AARA—56

Aarnav Fashions Ltd

Textiles & Leather GoodsVerified

Score breakdown

Profitability+32Sentiment+30Risk penalty-3Missing signals-3

Quality breakdown

Key fields100Profile38Conclusion94AI synthesis40Observations3

Aarnav Fashions has a debt-to-equity ratio of 0.53, indicating a moderate level of leverage, and a current ratio of 1.54, suggesting reasonable short-term liquidity [doc:HA-latest]. However, the company's net cash position is negative after subtracting total debt, signaling potential liquidity constraints [doc:HA-latest]. The company's return on equity (ROE) is 4.95%, and return on assets (ROA) is 2.44%, both below the typical thresholds for strong performance in the Textiles & Leather Goods industry [doc:HA-latest]. These metrics suggest that the company is not generating returns at a level that is significantly above the industry median. Aarnav Fashions operates in a single disclosed segment, with no detailed geographic breakdown provided in the latest financial data. The company's revenue is derived from textile processing services in India and international markets, but the extent of geographic diversification is not quantified [doc:HA-latest]. The company's growth trajectory is not explicitly outlined in the latest financial data. However, the operating cash flow of INR 250.41 million and free cash flow of INR 129.02 million indicate some capacity for reinvestment or debt reduction [doc:HA-latest]. The capital expenditure of INR -22.44 million suggests a reduction in capital spending, which may reflect a strategic shift or financial constraints. The risk assessment highlights a medium liquidity risk and a low dilution risk. The company's net cash is negative after subtracting total debt, which could pose challenges in meeting short-term obligations [doc:HA-latest]. No significant dilution sources are identified in the latest filings, and the dilution risk is assessed as low [doc:HA-latest]. Recent events and filings do not provide specific details on strategic initiatives or operational changes. The company's financial performance and risk profile are primarily derived from the latest financial snapshot and valuation metrics [doc:HA-latest].

Profile

CompanyAarnav Fashions Ltd

TickerAARA.NS

SectorConsumer Cyclicals

BusinessCyclical Consumer Products

Industry groupCyclical Consumer Products

IndustryTextiles & Leather Goods

AI analysis

Business. Aarnav Fashions Limited is engaged in textile processing and offers its services in India and internationally [doc:HA-latest].

Classification. Aarnav Fashions is classified under the Textiles & Leather Goods industry within the Consumer Cyclicals economic sector, with a confidence level of 0.92 [doc:verified market data].

Key takeaways

Aarnav Fashions has a moderate debt-to-equity ratio and a current ratio above 1, indicating reasonable liquidity.
The company's ROE and ROA are below typical performance thresholds for the Textiles & Leather Goods industry.
The company's growth trajectory is not clearly defined, and capital expenditures have decreased.
The company faces a medium liquidity risk due to a negative net cash position after debt.
No significant dilution sources are identified, and the dilution risk is assessed as low.
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Financial snapshot

PeriodHA-latest

CurrencyINR

Revenue$3.79B

Gross profit$1.19B

Operating income$215.0M

Net income$92.4M

R&D—

SG&A—

D&A—

SBC—

Operating cash flow$250.4M

CapEx-$22.4M

Free cash flow$129.0M

Total assets$3.78B

Total liabilities$1.91B

Total equity$1.86B

Cash & equivalents$3.6M

Long-term debt$995.4M

Annual history (last 5)

PeriodRevenueOp IncomeNet IncomeFCF

FY0$3.79B$215.0M$92.4M$129.0M

FY-1$3.56B$194.7M$56.2M$100.9M

FY-2$3.97B$121.4M$3.8M$40.7M

FY-3$4.21B$244.5M$93.2M$158.6M

FY-4$2.49B$132.7M$53.2M-$1.31B

PeriodGross %Op %Net %FCF %

FY0————

FY-1————

FY-2————

FY-3————

FY-4————

PeriodAssetsEquityCashDebt

FY0$3.78B$1.86B$3.6M—

FY-1$3.91B$1.79B$2.0M—

FY-2$4.19B$1.73B$746.0k—

FY-3$4.86B$1.73B$62.2M—

FY-4$4.64B$1.65B$45.2M—

PeriodOCFCapExFCFSBC

FY0$250.4M-$22.4M$129.0M—

FY-1$317.1M-$32.3M$100.9M—

FY-2$440.1M-$31.9M$40.7M—

FY-3$154.1M-$1.3M$158.6M—

FY-4-$579.6M-$1.40B-$1.31B—

Quarterly history (last 4)

PeriodRevenueOp IncomeNet IncomeFCF

FQ0$987.4M$48.7M$18.5M—

FQ-1$1.34B$53.8M$23.7M—

FQ-2$971.6M$49.6M$18.9M—

FQ-3$914.5M$30.4M$9.8M—

FQ-4$946.8M$81.0M$43.2M—

FQ-5$1.05B$51.9M$21.5M—

FQ-6$883.6M$51.6M$17.8M—

FQ-7$1.00B$59.8M$22.0M—

PeriodGross %Op %Net %FCF %

FQ0————

FQ-1————

FQ-2————

FQ-3————

FQ-4————

FQ-5————

FQ-6————

FQ-7————

PeriodAssetsEquityCashDebt

FQ0————

FQ-1$4.03B$1.91B$16.5M—

FQ-2————

FQ-3$3.78B$1.86B$3.6M—

FQ-4————

FQ-5$4.07B$1.83B$2.3M—

FQ-6————

FQ-7$3.91B$1.79B$3.7M—

PeriodOCFCapExFCFSBC

FQ0————

FQ-1$100.8M-$2.4M——

FQ-2————

FQ-3$250.4M-$22.4M——

FQ-4————

FQ-5$106.4M-$6.0M——

FQ-6————

FQ-7$317.1M-$32.3M——

Valuation

Market price—

Market cap—

Enterprise value—

P/E—

Reported non-GAAP P/E—

EV/Revenue—

EV/Op income—

EV/OCF—

P/B—

P/Tangible book—

Tangible book$1.86B

Net cash-$991.9M

Current ratio1.5

Debt/Equity0.5

ROA2.4%

ROE5.0%

Cash conversion2.7%

CapEx/Revenue-0.6%

SBC/Revenue—

Asset intensity—

Dilution ratio0.0%

Risk assessment

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Industry benchmarks

Activity: Textiles & Leather Goods · cohort 271 companies

MetricAARAActivity

Op margin5.7%4.3% medp25 -0.2% · p75 8.6%above median

Net margin2.4%2.3% medp25 -0.6% · p75 6.5%above median

Gross margin31.5%17.4% medp25 10.3% · p75 28.8%top quartile

CapEx / revenue-0.6%-2.9% medp25 -6.0% · p75 -1.1%top quartile

Debt / equity53.0%46.3% medp25 9.2% · p75 99.3%above median

Source data

Underlying data the analysis-pipeline pulls and audits. Fetch timestamps + content hashes show when each source was last refreshed.

Company fundamentalsperiod FQ-7 · history via verified-market-data

no public URL

2026-05-05 00:59 UTC#6d660f14

Source: analysis-pipeline (hybrid)Generated: 2026-05-05 01:00 UTCJob: da8d2036