Meesho Ltd
The Company is an app-based marketplace that is operated under the brand of Meesho that connects sellers and end consumers. Its offerings span categories including fashion, accessories, electronics, home and kitchen items, health, and fitness equipment, and office supplies.[1]
- Market Cap ₹ 88,470 Cr.
- Current Price ₹ 193
- High / Low ₹ 255 / 126
- Stock P/E 80.6
- Book Value ₹ 72.6
- Dividend Yield 0.00 %
- ROCE 6.39 %
- ROE 6.33 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 33.2% CAGR over last 5 years
Cons
- Stock is trading at 2.65 times its book value
- Promoter holding is low: 16.6%
- Company has a low return on equity of -19.0% over last 3 years.
- Earnings include an other income of Rs.27,801 Cr.
- Working capital days have increased from -23.6 days to 73.4 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| 793 | 3,232 | 5,735 | 7,615 | 9,388 | 6,381 | |
| 1,328 | 6,598 | 7,533 | 8,100 | 9,943 | 6,650 | |
| Operating Profit | -536 | -3,366 | -1,799 | -485 | -555 | -269 |
| OPM % | -68% | -104% | -31% | -6% | -6% | -4% |
| 46 | 127 | 155 | 231 | -801 | 27,801 | |
| Interest | 0 | 0 | 1 | 6 | 7 | 9 |
| Depreciation | 9 | 9 | 30 | 58 | 34 | 44 |
| Profit before tax | -499 | -3,248 | -1,675 | -318 | -1,397 | 27,480 |
| Tax % | 0% | 0% | 0% | 0% | 178% | 1% |
| -499 | -3,248 | -1,675 | -318 | -3,883 | 27,331 | |
| EPS in Rs | -127.92 | -519.82 | -213.79 | -40.64 | -445.98 | 59.88 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 52% |
| 3 Years: | 4% |
| TTM: | -32% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 33% |
| 3 Years: | 38% |
| TTM: | 123% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -39% |
| 3 Years: | -19% |
| Last Year: | 6% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4 | 6 | 8 | 0.00 | 0.27 | 456 |
| Reserves | 150 | 466 | 2,169 | 2,241 | 1,516 | 32,698 |
| 0 | 0 | 0 | 72 | 58 | 63 | |
| 586 | 2,143 | 1,376 | 1,854 | 5,683 | 1,201 | |
| Total Liabilities | 739 | 2,616 | 3,553 | 4,168 | 7,258 | 34,418 |
| 8 | 35 | 56 | 112 | 96 | 190 | |
| CWIP | 0 | 0 | 2 | 0 | 0 | 0 |
| Investments | 358 | 1,198 | 2,053 | 754 | 5,006 | 30,654 |
| 374 | 1,383 | 1,442 | 3,302 | 2,157 | 3,574 | |
| Total Assets | 739 | 2,616 | 3,553 | 4,168 | 7,258 | 34,418 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| -247 | -2,113 | -2,303 | 226 | 543 | -5,637 | |
| 278 | -907 | -1,289 | -171 | -2,648 | 1,774 | |
| -5 | 3,372 | 3,263 | -11 | 2,105 | 4,101 | |
| Net Cash Flow | 25 | 353 | -328 | 44 | 0 | 239 |
| Free Cash Flow | -250 | -2,113 | -2,303 | 191 | 520 | -5,738 |
| CFO/OP | 46% | 63% | 128% | -49% | -104% | 2,098% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|
| Debtor Days | 71 | 0 | 0 | 0 | 0 | 56 |
| Inventory Days | ||||||
| Days Payable | ||||||
| Cash Conversion Cycle | 71 | 0 | 0 | 0 | 0 | 56 |
| Working Capital Days | -131 | -145 | -59 | 20 | -165 | 73 |
| ROCE % | -1,038% | -126% | -15% | -9% | 6% |
Insights
In beta| Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|
| Annual Transacting Sellers (ATS) Count |
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| Annual Transacting Users (ATU) Million |
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| Order Frequency Times |
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| Placed Orders Million |
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| Valmo Share of Shipped Orders % |
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| Daily Active Product Listings Million |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 8h
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 13 May
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
12 May - Meesho released Q4 FY26 earnings call transcript discussing margins, logistics, ad monetization, and growth plans.
-
Announcement under Regulation 30 (LODR)-Updates on Acquisition
9 May - Meesho invested Rs 99.9999681 crore in MPPL via rights issue on May 8, 2026.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 May - Meesho to hold a non-deal roadshow group meeting in Singapore on May 13, 2026.
Concalls
-
May 2026TranscriptPPT
-
Feb 2026Transcript PPT REC
Business Overview[1]
It is a multi-sided technology e-commerce platform. The company operates its e-commerce marketplaceunder the brand name Meesho. It has emerged as one of India’s largest in terms of number of placed orders and annual transacting users. The company operates a low cost model and offers low cost unbranded products, regional brands and national brands at affordable prices. In FY25, the company had 1.83 billion orders placed. The company also owns **Valmo ** brand under its umbrella.