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 ₹ 99,467 Cr.
- Current Price ₹ 215
- High / Low ₹ 255 / 126
- Stock P/E
- Book Value ₹ 9.61
- Dividend Yield 0.00 %
- ROCE -40.0 %
- ROE -46.2 %
- Face Value ₹ 1.00
Pros
- Company is almost debt free.
Cons
- Stock is trading at 22.4 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.
* 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
Consolidated Figures in Rs. Crores / View Standalone
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 | 13,835 | |
| 7,533 | 8,109 | 9,968 | 14,111 | 15,310 | |
| Operating Profit | -1,799 | -494 | -578 | -1,485 | -1,475 |
| OPM % | -31% | -6% | -6% | -12% | -11% |
| 155 | 231 | -835 | 332 | 441 | |
| Interest | 1 | 6 | 7 | 9 | 10 |
| Depreciation | 30 | 58 | 34 | 47 | 58 |
| Profit before tax | -1,675 | -328 | -1,455 | -1,209 | -1,102 |
| Tax % | 0% | 0% | 171% | 12% | |
| -1,675 | -328 | -3,942 | -1,358 | -1,201 | |
| EPS in Rs | -213.79 | -41.82 | -452.68 | -2.97 | -3.85 |
| Dividend Payout % | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 30% |
| TTM: | 34% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 6% |
| TTM: | 49% |
| 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 | |
|---|---|---|---|---|
| Equity Capital | 8 | 0.00 | 0.27 | 456 |
| Reserves | 2,169 | 2,230 | 1,445 | 3,930 |
| 0 | 72 | 58 | 63 | |
| 1,376 | 1,859 | 5,722 | 3,458 | |
| Total Liabilities | 3,553 | 4,161 | 7,226 | 7,907 |
| 56 | 112 | 96 | 195 | |
| CWIP | 2 | 0 | 0 | 0 |
| Investments | 2,053 | 744 | 4,983 | 1,210 |
| 1,442 | 3,305 | 2,147 | 6,502 | |
| Total Assets | 3,553 | 4,161 | 7,226 | 7,907 |
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 |
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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
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
- Intimation w.r.t allotment of equity shares pursuant to exercise of ESOP.
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Announcement under Regulation 30 (LODR)-Resignation of Director
- Surojit Chatterjee resigns as Independent Director effective October 16, 2026, citing personal commitments.
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Board Meeting Intimation for Considering And Approving The Unaudited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Half Year Ended September 30, 2026.
- Board meeting on October 28, 2026 to approve Q2 and half-year unaudited financial results; trading window remains closed.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
- Meesho Mega Blockbuster Sale Day 1 orders rose 75% YoY; peak orders crossed 75,000 a minute.
Concalls
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Jul 2026Transcript PPT REC
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May 2026Transcript
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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.