Meesho Ltd

AI

Meesho Ltd

₹ 257 1.16%
13 Nov - close price
About

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]

Key Points

Market Position & Business Scale:[1][2]
Meesho is India's largest e-commerce
platform by Annual Transacting Users
(ATUs) and placed orders, catering to
value-conscious consumers through
its Everyday Low Prices model. Its
portfolio spans apparel, footwear,
home, kitchen, beauty, personal
care and other categories, covering
unbranded products, regional brands
and national brands.

  • Market Cap ₹ 1,19,049 Cr.
  • Current Price ₹ 257
  • High / Low ₹ 259 / 126
  • Stock P/E 74.4
  • Book Value ₹ 73.0
  • 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 3.52 times its book value
  • Promoter holding is low: 16.3%
  • Company has a low return on equity of -10.2% over last 3 years.
  • Earnings include an other income of Rs.2,061 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
2,678 2,399 2,504 1,391 1,579 1,379 2,093 2,511
2,801 2,626 2,768 1,421 1,621 1,406 2,185 2,720
Operating Profit -123 -226 -264 -30 -42 -27 -92 -209
OPM % -4.6% -9% -11% -2.1% -2.7% -2.0% -4.4% -8%
160 -1,155 34 142 802 374 467 419
Interest 2 1 1 1 4 2 2 1
Depreciation 12 4 8 8 10 18 19 19
Profit before tax 23 -1,387 -240 103 746 326 354 190
Tax % 227% -0% 21% 78% 2% 2% 0% 0%
-30 -1,384 -289 22 734 320 354 190
EPS in Rs -3.51 -158.90 -1.49 0.11 1.63 0.70 0.77 0.41
Raw PDF

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 7,562
1,328 6,598 7,533 8,100 9,943 6,650 7,933
Operating Profit -536 -3,366 -1,799 -485 -555 -269 -371
OPM % -68% -104% -31% -6% -6% -4.2% -4.9%
46 127 155 231 -801 27,801 2,061
Interest 0 0 1 6 7 9 9
Depreciation 9 9 30 58 34 44 66
Profit before tax -499 -3,248 -1,675 -318 -1,397 27,480 1,615
Tax % 0% 0% 0% 0% 178% 1%
-499 -3,248 -1,675 -318 -3,883 27,331 1,596
EPS in Rs -127.92 -519.82 -213.79 -40.64 -445.98 59.88 3.51
Dividend Payout % 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: 52%
3 Years: 4%
TTM: -16%
Compounded Profit Growth
10 Years: %
5 Years: 29%
3 Years: 35%
TTM: 575%
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 Sep 2026
Equity Capital 4 6 8 0.00 0.27 456 463
Reserves 150 466 2,169 2,241 1,516 32,698 33,328
0 0 0 72 58 63 49
586 2,143 1,376 1,854 5,683 1,201 998
Total Liabilities 739 2,616 3,553 4,168 7,258 34,418 34,838
8 35 56 112 96 190 161
CWIP 0 0 2 0 0 0 0
Investments 358 1,198 2,053 754 5,006 30,654 32,918
374 1,383 1,442 3,302 2,157 3,574 1,759
Total Assets 739 2,616 3,553 4,168 7,258 34,418 34,838

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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 46% 63% 128% -49% -104% 1,067%

Ratios

Standalone / 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
NMV - Marketplace (Net Merchandise Value)
INR Cr
NMV / GMV Ratio (Delivery Success Rate)
%
Order Frequency
times per year
Placed Orders
million
Prepaid Order Share
%
Valmo In-sourcing Share (of Shipped Orders)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

66 Recently
Dec 2025Mar 2026Jun 2026Sep 2026
16.76% 16.57% 16.41% 16.34%
4.31% 4.17% 5.19% 9.84%
5.28% 5.56% 9.14% 13.60%
0.00% 0.00% 0.00% 0.07%
73.66% 73.70% 69.26% 60.18%
No. of Shareholders 2,13,1791,89,1542,46,1572,19,369

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

Click on the line-items to see the names of individual entities.

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