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 ₹ 94,977 Cr.
- Current Price ₹ 205
- High / Low ₹ 255 / 126
- Stock P/E 66.2
- Book Value ₹ 72.6
- Dividend Yield 0.00 %
- ROCE 5.82 %
- ROE 4.50 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 28.9% CAGR over last 5 years
Cons
- Stock is trading at 2.83 times its book value
- Promoter holding is low: 16.4%
- Company has a low return on equity of -10.2% over last 3 years.
- Earnings include an other income of Rs.1,785 Cr.
- Working capital days have increased from -24.4 days to 71.0 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 793 | 3,232 | 5,735 | 7,615 | 9,388 | 6,381 | 6,442 | |
| 1,328 | 6,598 | 7,533 | 8,100 | 9,943 | 6,650 | 6,634 | |
| Operating Profit | -536 | -3,366 | -1,799 | -485 | -555 | -269 | -192 |
| OPM % | -68% | -104% | -31% | -6% | -6% | -4.2% | -3.0% |
| 46 | 127 | 155 | 231 | -801 | 27,801 | 1,785 | |
| Interest | 0 | 0 | 1 | 6 | 7 | 9 | 9 |
| Depreciation | 9 | 9 | 30 | 58 | 34 | 44 | 55 |
| Profit before tax | -499 | -3,248 | -1,675 | -318 | -1,397 | 27,480 | 1,529 |
| Tax % | 0% | 0% | 0% | 0% | 178% | 1% | |
| -499 | -3,248 | -1,675 | -318 | -3,883 | 27,331 | 1,429 | |
| EPS in Rs | -127.92 | -519.82 | -213.79 | -40.64 | -445.98 | 59.88 | 3.21 |
| 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: | 29% |
| 3 Years: | 35% |
| TTM: | 130% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -31% |
| 3 Years: | -10% |
| Last Year: | 5% |
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% | 1,067% |
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 | 71 |
| ROCE % | -1,038% | -126% | -15% | -7% | 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
-
Letter To The Shareholders - Annual Report Of The Company For Financial Year 2025-26
- Meesho schedules 11th AGM on September 18, 2026 and shares FY2025-26 annual report.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication w.r.t Dispatch of Notice of the 11th Annual General Meeting of the Company
-
Business Responsibility and Sustainability Reporting (BRSR)
- Meesho filed FY2025-26 BRSR and annual report with ESG, governance, and grievance disclosures.
-
Reg. 34 (1) Annual Report.
- Meesho 11th AGM on September 18, 2026; FY26 annual report and e-voting details shared.
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Notice Of 11Th Annual General Meeting For Financial Year 2025-26
- 11th AGM on September 18, 2026 via VC/OAVM; FY26 annual report released.
Concalls
-
Jul 2026Transcript PPT REC
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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.