V2 Retail Ltd

V2 Retail Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

V2 Retail Ltd

₹ 1,849 -1.96%
18 Jun - close price
v2retail.com BSE: 532867 NSE: V2RETAIL
About

Company primarily operates in Tier-II and
Tier-III cities, with a chain of “V2 Retail” stores offering apparel and general merchandise,
catering to the entire family.[1]

Key Points

History[1]
Incorporated in 2001, co. provides merchandise to masses at affordable prices. The Company went public in 2007. The brand “Vishal” was sold in 2011 due to operational losses. The Company was renamed V2 Retail Limited. It caters to the ‘neo middle class’ and ‘middle class’.

Website BSE NSE
  • Market Cap ₹ 6,395 Cr.
  • Current Price ₹ 1,849
  • High / Low ₹ 2,097 / 640
  • Stock P/E 90.2
  • Book Value ₹ 99.7
  • Dividend Yield 0.00 %
  • ROCE 16.6 %
  • ROE 22.9 %
  • Face Value ₹ 10.0
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Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 105% CAGR over last 5 years
  • Company's median sales growth is 18.5% of last 10 years
  • Company's working capital requirements have reduced from 71.6 days to 49.0 days

Cons

  • Stock is trading at 18.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 10.1% 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.

Peer comparison

Consumer Discretionary Consumer Services Retailing Speciality Retail

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
158.25 211.28 194.51 239.66 193.43 263.61 231.32 373.76 296.04 415.03 380.01 590.94 498.51
152.52 189.63 187.19 202.39 180.85 230.94 212.52 313.19 265.74 361.65 349.24 480.06 441.24
Operating Profit 5.73 21.65 7.32 37.27 12.58 32.67 18.80 60.57 30.30 53.38 30.77 110.88 57.27
OPM % 3.62% 10.25% 3.76% 15.55% 6.50% 12.39% 8.13% 16.21% 10.24% 12.86% 8.10% 18.76% 11.49%
3.45 0.89 0.92 2.30 2.04 1.29 2.00 2.80 0.79 1.23 2.39 0.44 1.32
Interest 9.23 9.53 10.95 10.22 9.19 10.23 11.98 11.45 12.47 13.25 14.52 17.52 20.95
Depreciation 12.90 15.68 14.95 16.82 16.48 17.19 17.26 19.78 18.29 20.17 21.80 25.61 27.16
Profit before tax -12.95 -2.67 -17.66 12.53 -11.05 6.54 -8.44 32.14 0.33 21.19 -3.16 68.19 10.48
Tax % -26.87% -21.72% -24.12% 25.78% -26.06% 24.92% -32.58% 25.02% -1,072.73% 25.15% -20.89% 25.38% 36.35%
-9.47 -2.09 -13.39 9.30 -8.17 4.92 -5.68 24.09 3.87 15.86 -2.51 50.88 6.67
EPS in Rs -2.75 -0.61 -3.89 2.70 -2.38 1.42 -1.64 6.96 1.12 4.59 -0.73 14.71 1.93
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
229 287 334 472 559 748 701 538 629 839 1,165 1,884
224 258 302 429 506 699 623 487 566 759 1,021 1,632
Operating Profit 5 28 32 43 54 49 79 50 63 80 144 252
OPM % 2% 10% 10% 9% 10% 7% 11% 9% 10% 10% 12% 13%
2 3 6 25 3 -17 15 22 16 6 7 5
Interest 9 10 14 10 3 3 32 32 38 41 47 66
Depreciation 3 2 4 6 8 14 50 54 57 64 73 95
Profit before tax -5 18 20 52 46 15 10 -13 -16 -19 31 97
Tax % -17% 47% 40% 24% 32% -36% 3% -16% -21% -23% 11% 27%
-5 10 12 39 31 20 10 -11 -13 -14 27 71
EPS in Rs -2.01 4.14 4.89 12.62 9.16 6.01 2.98 -3.24 -3.75 -4.21 7.89 20.50
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 21%
5 Years: 22%
3 Years: 44%
TTM: 62%
Compounded Profit Growth
10 Years: 22%
5 Years: 105%
3 Years: 94%
TTM: 162%
Stock Price CAGR
10 Years: 46%
5 Years: 101%
3 Years: 165%
1 Year: 182%
Return on Equity
10 Years: 6%
5 Years: 4%
3 Years: 10%
Last Year: 23%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Equity Capital 22 24 25 31 34 34 34 34 34 34 35 35
Reserves 241 251 271 127 240 261 246 238 226 213 240 310
83 69 98 9 0 11 311 388 384 410 502 839
39 61 55 73 115 158 116 133 128 108 189 393
Total Liabilities 385 405 449 240 389 464 707 793 772 765 966 1,577
14 18 29 51 63 100 330 382 375 389 449 842
CWIP 0 1 4 4 7 4 4 5 0 0 0 4
Investments 31 30 25 0 90 0 15 15 15 15 15 15
340 355 391 185 231 360 359 391 382 361 502 716
Total Assets 385 405 449 240 389 464 707 793 772 765 966 1,577

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
12 36 -15 -1 27 -48 94 -15 61 80 86 213
-7 -6 -9 -12 -110 41 -5 -16 -12 -9 -29 -128
-4 -30 26 16 81 11 -37 -14 -59 -75 -52 -83
Net Cash Flow 0 -1 2 3 -1 4 52 -45 -9 -4 4 1

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Debtor Days 0 0 0 0 0 0 7 0 1 0 0 0
Inventory Days 118 141 177 126 154 195 142 255 221 151 155 140
Days Payable 60 60 61 71 97 100 75 113 93 57 69 89
Cash Conversion Cycle 58 81 116 54 58 95 73 143 130 94 87 52
Working Capital Days -31 -27 19 48 56 81 62 131 114 86 80 49
ROCE % 1% 8% 8% 14% 21% 13% 7% 3% 3% 3% 11% 17%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
53.56% 53.57% 53.57% 53.57% 54.26% 54.26% 54.28% 54.28% 54.30% 54.30% 54.30% 54.24%
6.40% 6.47% 6.40% 6.40% 6.37% 6.36% 6.36% 6.57% 6.69% 0.80% 0.91% 1.31%
1.53% 1.53% 1.53% 1.91% 0.37% 0.37% 0.37% 0.36% 0.43% 4.34% 5.98% 6.70%
38.51% 38.45% 38.51% 38.13% 39.00% 39.01% 38.99% 38.80% 38.60% 40.57% 38.82% 37.75%
No. of Shareholders 19,51319,74419,72919,59718,63417,32416,16616,24416,86224,10126,87735,125

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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