Patel Retail Ltd
Incorporated in 2008, Patel Retail Ltd is in the retail and non-retail business.[1]
- Market Cap ₹ 537 Cr.
- Current Price ₹ 161
- High / Low ₹ 305 / 149
- Stock P/E 14.8
- 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 | TTM | |
|---|---|---|---|---|---|---|---|
| 635 | 823 | 766 | 1,019 | 814 | 821 | 934 | |
| 615 | 799 | 744 | 975 | 761 | 762 | 863 | |
| Operating Profit | 20 | 25 | 22 | 43 | 54 | 58 | 70 |
| OPM % | 3% | 3% | 3% | 4% | 7% | 7% | 8% |
| 4 | 4 | 6 | 1 | 4 | 5 | 7 | |
| Interest | 11 | 9 | 8 | 12 | 16 | 18 | 14 |
| Depreciation | 4 | 5 | 5 | 10 | 10 | 12 | 15 |
| Profit before tax | 10 | 16 | 15 | 22 | 31 | 34 | 49 |
| Tax % | 26% | 26% | 26% | 26% | 26% | 26% | |
| 7 | 12 | 11 | 16 | 23 | 25 | 36 | |
| EPS in Rs | 25.59 | 30.19 | 29.84 | 42.99 | 9.24 | 10.16 | 12.30 |
| 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 |
| Free Cash Flow | 19 | -52 | 18 | -13 | 13 | 16 |
| CFO/OP | 168% | -136% | 168% | -3% | 61% | 61% |
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% |
Insights
In beta| Mar 2007 | Mar 2019 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Number of Stores Number |
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| Retail Store Area Sq. ft. |
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| Number of Bill Cuts Lakhs |
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| Revenue per Retail Sq. ft. INR |
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| Revenue per Store INR Cr |
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| Total Manufacturing Installed Capacity MTPA |
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| Number of Export Countries Number |
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| Total SKUs Number |
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Documents
Announcements
-
Patel Retail Limited Has informed Regarding The Trading Window Closure Pursuant To SEBI (Prohibition Of Insider Trading) Regulations, 2015.
23 Mar - Trading window closed from April 1, 2026 until 48 hours after audited Q4/FY2026 results.
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
21 Mar - Opened 50th Patel’s R Mart store in Thakurli on March 21, 2026.
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Patel Retail Limited Has informed About Has informed About Opening Of 50Th Patel R Mart Store.
21 Mar - Opened Patel’s R Mart in Thakurli, Thane; total stores now 50 as of Mar 21, 2026.
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Outcome Of Investors' Meeting Under Regulation 30 Of SEBI (LODR) Regulations, 2015.
19 Mar - One-on-one and group investor meetings on March 18, 2026; management disclosed no UPSI.
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Intimation Of Schedule Of Analysts'/Institutional Investors' Meet.
13 Mar - Analysts/institutional investor Zoom meeting on March 18, 2026 at 02:00PM IST; no UPSI.
Concalls
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Feb 2026Transcript PPT REC
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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.