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 ₹ 87,543 Cr.
- Current Price ₹ 189
- High / Low ₹ 255 / 126
- Stock P/E 79.8
- 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 2.62 times its book value
- Promoter holding is low: 16.4%
- 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.
Peer comparison
Consumer Discretionary Consumer Services Retailing E-Retail/ E-Commerce
Part of BSE 500 BSE 200 BSE Dollex 200 Nifty 500 BSE IPO
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 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Annual Transacting Sellers count |
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| Annual Transacting Users million |
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| NMV - Marketplace (Net Merchandise Value) INR Cr |
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| NMV / GMV Ratio (Delivery Success Rate) % |
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| Order Frequency times per year |
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| Placed Orders million |
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| Prepaid Order Share % |
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| Valmo In-sourcing Share (of Shipped Orders) % |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 16 Jul
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Board Meeting Intimation for Considering And Approving The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter Ended June 30, 2026
16 Jul - Board meets July 23, 2026 to approve Q1 FY27 unaudited financial results; trading window remains closed.
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Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018
10 Jul - Certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018.
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Announcement under Regulation 30 (LODR)-Change in Management
7 Jul - Megha Agarwal resigned as General Manager-Business; relieved effective July 7, 2026.
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Grant Of Stock Options Under Meesho Limited - Employee Stock Option Plan, 2024
1 Jul - Meesho granted 3,886 stock options under ESOP 2024 Plan on July 1, 2026, covering 1,90,414 shares.
Concalls
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May 2026TranscriptPPT
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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.