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 ₹ 78,110 Cr.
- Current Price ₹ 173
- High / Low ₹ 255 / 154
- Stock P/E
- Book Value ₹
- Dividend Yield 0.00 %
- ROCE -8.71 %
- ROE -264 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Company has low interest coverage ratio.
- Promoter holding is low: 16.8%
* 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 IPO
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| 5,735 | 7,615 | 9,390 | |
| 7,533 | 8,109 | 9,968 | |
| Operating Profit | -1,799 | -494 | -578 |
| OPM % | -31% | -6% | -6% |
| 155 | 231 | -835 | |
| Interest | 1 | 6 | 7 |
| Depreciation | 30 | 58 | 34 |
| Profit before tax | -1,675 | -328 | -1,455 |
| Tax % | 0% | 0% | 171% |
| -1,675 | -328 | -3,942 | |
| EPS in Rs | -213.79 | -41.82 | -452.68 |
| Dividend Payout % | 0% | 0% | 0% |
| Compounded Sales Growth | |
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| TTM: | 23% |
| Compounded Profit Growth | |
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| TTM: | -1312% |
| Stock Price CAGR | |
|---|---|
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| Return on Equity | |
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| Last Year: | -264% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Equity Capital | 8 | 0.00 | 0.27 |
| Reserves | 2,169 | 2,230 | 1,445 |
| 0 | 72 | 58 | |
| 1,376 | 1,859 | 5,722 | |
| Total Liabilities | 3,553 | 4,161 | 7,226 |
| 56 | 112 | 96 | |
| CWIP | 2 | 0 | 0 |
| Investments | 2,053 | 744 | 4,983 |
| 1,442 | 3,305 | 2,147 | |
| Total Assets | 3,553 | 4,161 | 7,226 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| -2,303 | 220 | 539 | |
| -1,289 | -165 | -2,638 | |
| 3,263 | -11 | 2,105 | |
| Net Cash Flow | -328 | 44 | 7 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|
| Debtor Days | 0 | 0 | 0 |
| Inventory Days | |||
| Days Payable | |||
| Cash Conversion Cycle | 0 | 0 | 0 |
| Working Capital Days | -59 | 20 | -167 |
| ROCE % | -15% | -9% |
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
2h - Megha Agarwal resigned as General Manager – Business, effective January 07, 2026.
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Disclosures under Reg. 29(1) of SEBI (SAST) Regulations 2011
12 Dec - Fidelity/FMR disclosed acquisition of 284,310,115 Meesho shares (6.30%) on 10 Dec 2025.
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Intimation Pursuant To Regulation 8(2) Of The SEBI (Prohibition Of Insider Trading) Regulations 2015
10 Dec - Adopted Fair Disclosure Code for UPSI; approved 17.06.2025, intimated 10-Dec-2025.
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Announcement under Regulation 30 (LODR)-Acquisition
10 Dec - Company invested up to INR 28,900 million via rights in wholly-owned subsidiary MTPL (131,06,57,596 shares at ₹22.05).
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Closure of Trading Window
10 Dec - Trading window closed from Dec 10, 2025 until 48 hours after unaudited results for quarter ended Dec 31, 2025.
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.