Patel Retail Ltd
Incorporated in 2008, Patel Retail Ltd is in the retail and non-retail business.[1]
- Market Cap ₹ 688 Cr.
- Current Price ₹ 206
- High / Low ₹ 305 / 170
- Stock P/E 19.0
- 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 |
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
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Announcement under Regulation 30 (LODR)-Newspaper Publication
3 Feb - Patel Retail Limited - Intimation to Stock Exchanges regarding publication of Financial Results in Newspaper for 3rd quarter and 9 (nine) months ended December 31, …
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Monitoring Agency Report For The 3Rd Quarter & 9 (Nine) Months Ended On Wednesday, December 31 2025
2 Feb - ICRA: no deviation; INR217.11cr IPO proceeds monitored; INR20.79cr unutilized, invested in FDs.
-
Press Release -Financial Results For The 3Rd Quarter & 9 (Nine) Months Ended On Wednesday, December 31 2025
2 Feb - Q3 revenue ₹311.12 Cr (+35.5%), PAT ₹12 Cr (+95.9%); secured ₹25 Cr exports; opened 49th store.
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Statement Of Deviation For The 3Rd Quarter & 9 (Nine) Months Ended On Wednesday, December 31 2025
2 Feb - No deviation in utilisation of IPO/pre-IPO proceeds; Rs190.47Cr IPO, Rs15Cr pre-IPO; quarter ended Dec 31, 2025
-
Patel Retail Limited Has informed About Earnings Conference Call Of Q3FY26.
2 Feb - Q3FY26 earnings conference call on Monday, February 9, 2026 at 4:30 PM IST; management to discuss results.
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.