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 ₹ 78,888 Cr.
- Current Price ₹ 173
- High / Low ₹ 255 / 126
- Stock P/E
- Book Value ₹ 2.67
- Dividend Yield 0.00 %
- ROCE -8.85 %
- ROE -257 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 64.8 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 16.6%
- Company has a low return on equity of -126% over last 3 years.
* 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 | |
|---|---|---|---|---|---|
| 793 | 3,232 | 5,735 | 7,615 | 9,388 | |
| 1,328 | 6,598 | 7,533 | 8,100 | 9,943 | |
| Operating Profit | -536 | -3,366 | -1,799 | -485 | -555 |
| OPM % | -68% | -104% | -31% | -6% | -6% |
| 46 | 127 | 155 | 231 | -801 | |
| Interest | 0 | 0 | 1 | 6 | 7 |
| Depreciation | 9 | 9 | 30 | 58 | 34 |
| Profit before tax | -499 | -3,248 | -1,675 | -318 | -1,397 |
| Tax % | 0% | 0% | 0% | 0% | 178% |
| -499 | -3,248 | -1,675 | -318 | -3,883 | |
| EPS in Rs | -127.92 | -519.82 | -213.79 | -40.64 | -445.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 43% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -20% |
| TTM: | -1346% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -180% |
| 3 Years: | -126% |
| Last Year: | -257% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 4 | 6 | 8 | 0.00 | 0.27 |
| Reserves | 150 | 466 | 2,169 | 2,241 | 1,516 |
| 0 | 0 | 0 | 72 | 58 | |
| 586 | 2,143 | 1,376 | 1,854 | 5,683 | |
| Total Liabilities | 739 | 2,616 | 3,553 | 4,168 | 7,258 |
| 8 | 35 | 56 | 112 | 96 | |
| CWIP | 0 | 0 | 2 | 0 | 0 |
| Investments | 358 | 1,198 | 2,053 | 754 | 5,006 |
| 374 | 1,383 | 1,442 | 3,302 | 2,157 | |
| Total Assets | 739 | 2,616 | 3,553 | 4,168 | 7,258 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -247 | -2,113 | -2,303 | 226 | 543 | |
| 278 | -907 | -1,289 | -171 | -2,648 | |
| -5 | 3,372 | 3,263 | -11 | 2,105 | |
| Net Cash Flow | 25 | 353 | -328 | 44 | 0 |
| Free Cash Flow | -250 | -2,113 | -2,303 | 191 | 520 |
| CFO/OP | 46% | 63% | 128% | -49% | -104% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 71 | 0 | 0 | 0 | 0 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 71 | 0 | 0 | 0 | 0 |
| Working Capital Days | -131 | -145 | -59 | 20 | -165 |
| ROCE % | -1,038% | -126% | -15% | -9% |
Insights
In beta| Mar 2023 | Mar 2024 | Sep 2025 | |
|---|---|---|---|
| Annual Transacting Sellers (ATS) Count |
|
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| Annual Transacting Users (ATU) Million |
|||
| 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
-
Intimation Under Regulation 30 Of The SEBI (LODR) Regulations 2015
5h - Meesho received GST order upholding ₹14.29 crore demand, plus interest; will appeal to GSTAT.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 25 Apr
-
Board Meeting Intimation for Considering And Approving The Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Financial Year Ended March 31 2026
25 Apr - Board meeting on May 6, 2026 to approve Q4 and FY26 audited standalone and consolidated results.
- Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS 20 Apr
-
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations 2018
13 Apr - Filed Regulation 74(5) certificate for quarter ended March 31, 2026.
Concalls
-
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.