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
  • Book Value ₹ 9.09
  • Dividend Yield 0.00 %
  • ROCE -40.0 %
  • ROE -46.2 %
  • Face Value ₹ 1.00

Pros

  • Company is almost debt free.
  • Company is expected to give good quarter

Cons

  • Stock is trading at 28.3 times its book value
  • Company has low interest coverage ratio.
  • Promoter holding is low: 16.3%
  • Company has a low return on equity of -62.5% over last 3 years.
  • Company's cost of borrowing seems high

* 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

Consolidated Figures in Rs. Crores / View Standalone

Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026 Jun 2026 Sep 2026
2,679 2,400 2,504 3,074 3,518 3,531 3,713 4,132
2,809 2,631 2,768 3,530 4,056 3,786 3,937 4,361
Operating Profit -131 -231 -264 -456 -539 -255 -225 -229
OPM % -4.9% -10% -11% -15% -15% -7% -6% -6%
160 -1,158 34 136 75 116 114 127
Interest 2 1 1 1 4 2 2 1
Depreciation 12 5 8 9 11 19 20 20
Profit before tax 15 -1,395 -240 -330 -479 -160 -133 -123
Tax % 342% -0% 21% 24% 3% 4% 0% 7%
-37 -1,391 -289 -411 -491 -166 -133 -132
EPS in Rs -4.44 -159.79 -1.49 -2.11 -1.09 -0.36 -0.29 -0.29
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026 TTM
5,735 7,615 9,390 12,626 14,893
7,533 8,109 9,968 14,111 16,141
Operating Profit -1,799 -494 -578 -1,485 -1,248
OPM % -31% -6% -6% -12% -8%
155 231 -835 332 432
Interest 1 6 7 9 10
Depreciation 30 58 34 47 69
Profit before tax -1,675 -328 -1,455 -1,209 -895
Tax % 0% 0% 171% 12%
-1,675 -328 -3,942 -1,358 -922
EPS in Rs -213.79 -41.82 -452.68 -2.97 -2.03
Dividend Payout % 0% 0% 0% 0%
Compounded Sales Growth
10 Years: %
5 Years: %
3 Years: 30%
TTM: 40%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: 6%
TTM: -20%
Stock Price CAGR
10 Years: %
5 Years: %
3 Years: %
1 Year: %
Return on Equity
10 Years: %
5 Years: %
3 Years: -63%
Last Year: -46%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026 Sep 2026
Equity Capital 8 0.00 0.27 456 463
Reserves 2,169 2,230 1,445 3,930 3,743
0 72 58 63 49
1,376 1,859 5,722 3,458 3,747
Total Liabilities 3,553 4,161 7,226 7,907 8,002
56 112 96 195 167
CWIP 2 0 0 0 0
Investments 2,053 744 4,983 1,210 2,843
1,442 3,305 2,147 6,502 4,992
Total Assets 3,553 4,161 7,226 7,907 8,002

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
-2,303 220 539 -3,875
-1,289 -165 -2,638 247
3,263 -11 2,105 4,101
Net Cash Flow -328 44 7 473
Free Cash Flow -2,303 186 516 -3,976
CFO/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit 128% -47% -100% 74%

Ratios

Consolidated / View Standalone

Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 0 0 0 0
Inventory Days
Days Payable
Cash Conversion Cycle 0 0 0 0
Working Capital Days -59 20 -167 -27
ROCE % -15% -9% -40%

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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