V2 Retail Ltd

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

V2 Retail Ltd

₹ 2,482 1.63%
01 Dec 3:16 p.m.
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 ₹ 9,050 Cr.
  • Current Price ₹ 2,482
  • High / Low ₹ 2,572 / 1,280
  • Stock P/E 87.6
  • Book Value ₹ 113
  • Dividend Yield 0.00 %
  • ROCE 16.8 %
  • 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 37.1 days to 18.8 days

Cons

  • Stock is trading at 21.6 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -2.79%
  • Company has a low return on equity of 10.1% over last 3 years.
  • Company might be capitalizing the interest cost

* 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 Nifty Microcap 250 Nifty Total Market

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025
195 240 193 264 231 374 296 415 380 591 499 630 705
187 202 181 231 213 313 266 362 349 480 441 539 619
Operating Profit 7 37 13 33 19 61 30 53 31 111 57 90 86
OPM % 4% 16% 6% 12% 8% 16% 10% 13% 8% 19% 11% 14% 12%
1 2 2 1 2 3 1 1 2 0 1 1 0
Interest 11 10 9 10 12 11 12 13 15 18 21 22 28
Depreciation 15 17 16 17 17 20 18 20 22 26 27 32 37
Profit before tax -18 13 -11 7 -8 32 0 21 -3 68 10 37 21
Tax % -24% 26% -26% 25% -33% 25% -1,073% 25% -21% 25% 36% 25% 14%
-13 9 -8 5 -6 24 4 16 -3 51 7 28 18
EPS in Rs -3.89 2.70 -2.38 1.42 -1.64 6.96 1.12 4.59 -0.73 14.71 1.93 8.02 5.23
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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 TTM
229 287 334 472 559 748 701 538 629 839 1,165 1,884 2,424
224 258 302 429 506 699 623 487 566 759 1,021 1,630 2,080
Operating Profit 5 28 32 43 54 49 79 50 63 80 144 254 344
OPM % 2% 10% 10% 9% 10% 7% 11% 9% 10% 10% 12% 13% 14%
2 3 6 25 3 -17 15 22 16 6 7 5 3
Interest 9 10 14 10 3 3 32 32 38 41 47 68 89
Depreciation 3 2 4 6 8 14 50 54 57 64 73 95 122
Profit before tax -5 18 20 52 46 15 10 -13 -16 -19 31 97 137
Tax % -17% 47% 40% 24% 32% -36% 3% -16% -21% -23% 11% 27%
-5 10 12 39 31 20 10 -11 -13 -14 27 71 103
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 29.89
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: 65%
Compounded Profit Growth
10 Years: 22%
5 Years: 105%
3 Years: 94%
TTM: 150%
Stock Price CAGR
10 Years: 44%
5 Years: 92%
3 Years: 190%
1 Year: 85%
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 Sep 2025
Equity Capital 22 24 25 31 34 34 34 34 34 34 35 35 35
Reserves 241 251 271 127 240 261 246 238 226 213 240 310 355
83 69 98 9 0 11 311 388 384 410 502 839 1,309
39 61 55 73 115 158 116 133 128 108 189 393 686
Total Liabilities 385 405 449 240 389 464 707 793 772 765 966 1,577 2,385
14 18 29 51 63 100 330 382 375 389 449 842 1,312
CWIP 0 1 4 4 7 4 4 5 0 0 0 4 4
Investments 31 30 25 0 90 0 15 15 15 15 15 15 15
340 355 391 185 231 360 359 391 382 361 502 716 1,053
Total Assets 385 405 449 240 389 464 707 793 772 765 966 1,577 2,385

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 85 213
-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 85
Cash Conversion Cycle 58 81 116 54 58 95 73 143 130 94 87 56
Working Capital Days -31 -27 -28 42 56 77 39 75 67 50 43 19
ROCE % 1% 8% 8% 14% 21% 13% 7% 3% 3% 3% 11% 17%

Shareholding Pattern

Numbers in percentages

Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Nov 2025
53.57% 54.26% 54.26% 54.28% 54.28% 54.30% 54.30% 54.30% 54.24% 54.22% 54.22% 51.43%
6.40% 6.37% 6.36% 6.36% 6.57% 6.69% 0.80% 0.91% 1.31% 1.90% 2.10% 3.77%
1.91% 0.37% 0.37% 0.37% 0.36% 0.43% 4.34% 5.98% 6.70% 7.35% 7.12% 10.36%
38.13% 39.00% 39.01% 38.99% 38.80% 38.60% 40.57% 38.82% 37.75% 36.53% 36.56% 34.43%
No. of Shareholders 19,59718,63417,32416,16616,24416,86224,10126,87735,12537,44639,93843,280

* 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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