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 ₹ 1,00,458 Cr.
- Current Price ₹ 217
- 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 22.6 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 16.4%
- 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/OP | 128% | -47% | -100% | 74% |
Ratios
Consolidated Figures in Rs. Crores / 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 |
|
|||
| 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
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
- Newspaper publication w.r.t corrigendum to the AGM Notice of the Company.
-
Corrigendum To Notice Of Annual General Meeting To Be Held On September 18, 2026
- Meesho corrigendum revises AGM Item 3, formalizing founders’ board nomination rights and withdrawing significant investor rights.
-
Announcement under Regulation 30 (LODR)-Amendments to Memorandum & Articles of Association
- Meesho issues AGM corrigendum revising Article 122; withdraws significant investor rights, retains founder and lender nomination rights.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
-
Announcement under Regulation 30 (LODR)-Change in Management
- Meesho restructured Product team on September 9, 2026; CPO role discontinued, Prasanna Arunachalam remains employed.
Concalls
-
Jul 2026Transcript PPT REC
-
May 2026TranscriptPPT
-
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.