Patel Retail Ltd
Incorporated in 2008, Patel Retail Ltd is in the retail and non-retail business.[1]
- Market Cap ₹ 859 Cr.
- Current Price ₹ 257
- High / Low ₹ 305 / 211
- Stock P/E 29.1
- Book Value ₹ 110
- Dividend Yield 0.00 %
- ROCE 17.3 %
- ROE 22.1 %
- Face Value ₹ 10.0
Pros
- Company has reduced debt.
- Company has delivered good profit growth of 40.1% CAGR over last 5 years
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 5.27% over past five years.
- Debtor days have increased from 45.3 to 55.4 days.
* 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 Diversified Retail
Part of BSE IPO
Quarterly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 635 | 823 | 766 | 1,019 | 814 | 821 | |
| 615 | 799 | 744 | 975 | 761 | 762 | |
| Operating Profit | 20 | 25 | 22 | 43 | 54 | 58 |
| OPM % | 3% | 3% | 3% | 4% | 7% | 7% |
| 4 | 4 | 6 | 1 | 4 | 5 | |
| Interest | 11 | 9 | 8 | 12 | 16 | 18 |
| Depreciation | 4 | 5 | 5 | 10 | 10 | 12 |
| Profit before tax | 10 | 16 | 15 | 22 | 31 | 34 |
| Tax % | 26% | 26% | 26% | 26% | 26% | 26% |
| 7 | 12 | 11 | 16 | 23 | 25 | |
| EPS in Rs | 25.59 | 30.19 | 29.84 | 42.99 | 9.24 | 10.16 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 2% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 40% |
| 3 Years: | 31% |
| TTM: | 12% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 25% |
| 3 Years: | 25% |
| Last Year: | 22% |
Balance Sheet
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 4 | 4 | 4 | 24 | 25 | 33 |
| Reserves | 26 | 41 | 52 | 68 | 70 | 110 | 335 |
| 122 | 176 | 171 | 184 | 188 | 183 | 124 | |
| 20 | 26 | 47 | 47 | 51 | 66 | 60 | |
| Total Liabilities | 171 | 247 | 274 | 303 | 333 | 383 | 553 |
| 0 | 27 | 38 | 59 | 60 | 65 | 65 | |
| CWIP | 0 | 26 | 27 | 2 | 4 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 170 | 194 | 209 | 242 | 268 | 318 | 488 | |
| Total Assets | 171 | 247 | 274 | 303 | 333 | 383 | 553 |
Cash Flows
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 31 | -39 | 34 | -6 | 25 | 28 | |
| -12 | -13 | -16 | -5 | -12 | -11 | |
| -17 | 57 | -12 | -0 | -13 | -8 | |
| Net Cash Flow | 2 | 4 | 5 | -10 | 0 | 9 |
Ratios
Figures in Rs. Crores
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 32 | 39 | 40 | 37 | 43 | 55 |
| Inventory Days | 35 | 31 | 31 | 33 | 70 | 79 |
| Days Payable | 11 | 12 | 18 | 18 | 26 | 33 |
| Cash Conversion Cycle | 55 | 59 | 53 | 51 | 87 | 101 |
| Working Capital Days | 56 | 3 | -2 | 8 | 14 | 26 |
| ROCE % | 13% | 10% | 14% | 17% | 17% |
Documents
Announcements
-
Patel Retail Limited Has informed About Opening Of 48Th PATEL'S R MART Store.
10m - Opened PATEL'S R MART (Code NSR) in Nilje, Dombivli East; total stores now 48.
-
Clarification On Volume Movement
24 Nov - Clarified Nov 24, 2025: volume rise market-driven; no undisclosed information.
-
Clarification sought from Patel Retail Ltd
24 Nov - Exchange has sought clarification from Patel Retail Ltd on November 24, 2025, with reference to Movement in Volume.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
21 Nov - Patel Retail Limited has informed about Transcript.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19 Nov - Q2 & H1 FY26 earnings conference call audio available on company website (Nov 19, 2025).
Concalls
-
Nov 2025Transcript PPT
Business Overview:[1]
PRL is a value-focused retail supermarket chain serving tier-III cities and nearby suburban areas, offering food, FMCG, general merchandise, and apparel for the whole family. It began with its first “Patel’s R Mart” store in Ambernath, Maharashtra, and now operates across the suburban regions of Thane and Raigad districts. As of May 31, 2025, the company manages 43 stores with a total retail space of about 1,78,946 sq. ft.