Vishal Mega Mart Ltd
Incorporated In 2001, Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.[1]
- Market Cap ₹ 70,280 Cr.
- Current Price ₹ 151
- High / Low ₹ 156 / 96.0
- Stock P/E 136
- Book Value ₹ 13.5
- Dividend Yield 0.00 %
- ROCE 10.8 %
- ROE 8.03 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 31.5% CAGR over last 5 years
Cons
- Stock is trading at 11.2 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -20.3%
- The company has delivered a poor sales growth of 7.88% over past five years.
- Company has a low return on equity of 6.31% over last 3 years.
- Working capital days have increased from 61.0 days to 90.4 days
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Retailing Diversified Retail
Part of BSE 500 Nifty 500 BSE MidCap Nifty Midcap 100 BSE IPO
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|
| 4,069 | 3,025 | 4,199 | 5,619 | 6,239 | 5,947 | 5,948 | |
| 3,656 | 2,765 | 3,774 | 5,154 | 5,677 | 5,188 | 5,133 | |
| Operating Profit | 413 | 260 | 425 | 466 | 561 | 759 | 815 |
| OPM % | 10% | 9% | 10% | 8% | 9% | 13% | 14% |
| 13 | 16 | 19 | 20 | 21 | 45 | 54 | |
| Interest | 114 | 106 | 71 | 31 | 16 | 12 | 12 |
| Depreciation | 104 | 111 | 117 | 126 | 142 | 160 | 164 |
| Profit before tax | 208 | 59 | 257 | 329 | 425 | 632 | 694 |
| Tax % | 39% | 35% | 25% | 25% | 25% | 25% | |
| 126 | 39 | 191 | 247 | 318 | 473 | 519 | |
| EPS in Rs | 0.29 | 0.09 | 0.42 | 0.55 | 0.70 | 1.03 | 1.13 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 12% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 35% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4,366 | 4,484 | 4,503 | 4,507 | 4,509 | 4,597 |
| Reserves | 167 | 284 | 491 | 745 | 1,066 | 1,599 |
| 793 | 770 | 448 | 93 | 0 | 133 | |
| 1,396 | 1,513 | 1,611 | 1,727 | 1,547 | 1,465 | |
| Total Liabilities | 6,721 | 7,052 | 7,054 | 7,072 | 7,122 | 7,795 |
| 4,657 | 4,619 | 4,585 | 4,561 | 4,595 | 4,707 | |
| CWIP | 16 | 7 | 9 | 67 | 36 | 9 |
| Investments | 87 | 621 | 492 | 110 | 75 | 462 |
| 1,960 | 1,804 | 1,968 | 2,334 | 2,416 | 2,617 | |
| Total Assets | 6,721 | 7,052 | 7,054 | 7,072 | 7,122 | 7,795 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 243 | 665 | 233 | 110 | 142 | 494 | |
| -78 | -659 | 97 | 255 | -35 | -473 | |
| -160 | 57 | -370 | -387 | -106 | 75 | |
| Net Cash Flow | 5 | 63 | -40 | -23 | 1 | 95 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 146 | 161 | 133 | 118 | 105 | 134 |
| Inventory Days | 17 | 27 | 22 | 21 | 24 | 18 |
| Days Payable | 108 | 164 | 133 | 103 | 73 | 73 |
| Cash Conversion Cycle | 55 | 24 | 21 | 36 | 56 | 79 |
| Working Capital Days | 54 | 36 | 23 | 37 | 56 | 90 |
| ROCE % | 3% | 6% | 7% | 8% | 11% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
2d - Q1 FY26: 21% revenue growth, SSS 11.4%, EBITDA 14.6%, 717 stores; QuickCommerce 670 stores.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Aug - Audio recording of Q1 FY26 earnings call made available on company website.
- Announcement under Regulation 30 (LODR)-Newspaper Publication 14 Aug
-
Announcement under Regulation 30 (LODR)-Investor Presentation
13 Aug - Investor Presentation on Financial Results for the quarter ended June 30, 2025
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
13 Aug - Q1FY26 revenue ₹31,403M (+21%), PAT ₹2,061M (+37%), 23 new stores added, strong SSSG 10.5%.
Concalls
-
Aug 2025Transcript PPT REC
-
May 2025TranscriptPPT
-
May 2025Transcript PPT REC
Business Profile[1]
Vishal Mega Mart Limited (formerly Rishanth Wholesale Trading Pvt Ltd) is a diversified retail company catering to middle and lower-middle-income groups in India. It offers products under three categories: apparel, general merchandise, and fast-moving consumer goods (FMCG). It operates 645 stores across 414 cities in India, complemented by an e-commerce platform (website and mobile app). The company utilizes a hub-and-spoke distribution model for efficient operations.