V2 Retail Ltd

V2 Retail Ltd

₹ 422 -1.83%
28 Mar - close price
About

V2 Retail offers an unparalleled retail mix, a large Variety of Smart, Trendy, Fashionable apparels across categories under one roof. The company was incorporated in 2001 as Vishal Megamart Limited. In 2007 the company went public, later in 2011 the brand “Vishal” was sold due to operational losses to start a new journey with the name V2 Retail Ltd. [1] The company’s business operates only in India. [2]

Key Points

Business Segments

  • Market Cap 1,460 Cr.
  • Current Price 422
  • High / Low 444 / 67.0
  • Stock P/E 96.3
  • Book Value 71.3
  • Dividend Yield 0.00 %
  • ROCE 3.44 %
  • ROE -5.75 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 18.5% of last 10 years
  • Company's working capital requirements have reduced from 111 days to 86.3 days

Cons

  • Stock is trading at 5.92 times its book value
  • Company has low interest coverage ratio.
  • The company has delivered a poor sales growth of 8.44% over past five years.
  • Company has a low return on equity of -4.89% 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

Sector: Retail Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
227 189 83 150 239 158 211 195 240 193 264 231 374
187 185 81 135 200 153 190 187 202 181 231 213 313
Operating Profit 41 4 2 15 39 6 22 7 37 13 33 19 61
OPM % 18% 2% 2% 10% 16% 4% 10% 4% 16% 6% 12% 8% 16%
1 8 9 2 1 3 1 1 2 2 1 2 3
Interest 8 9 9 9 9 9 10 11 10 9 10 12 11
Depreciation 15 14 15 14 15 13 16 15 17 16 17 17 20
Profit before tax 19 -11 -13 -7 16 -13 -3 -18 13 -11 7 -8 32
Tax % 28% 20% 22% 23% 27% 27% 22% 24% 26% 26% 25% 33% 25%
14 -9 -10 -5 12 -9 -2 -13 9 -8 5 -6 24
EPS in Rs 4.05 -2.52 -2.98 -1.50 3.47 -2.75 -0.61 -3.89 2.70 -2.38 1.42 -1.64 6.96
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
42 109 229 287 334 472 559 748 701 538 629 839 1,062
50 108 224 258 302 429 506 699 623 487 566 759 938
Operating Profit -8 1 5 28 32 43 54 49 79 50 63 80 125
OPM % -19% 1% 2% 10% 10% 9% 10% 7% 11% 9% 10% 10% 12%
-0 1 2 3 6 25 3 -17 15 22 16 6 8
Interest 8 7 9 10 14 10 3 3 32 32 38 41 43
Depreciation 3 2 3 2 4 6 8 14 50 54 57 64 71
Profit before tax -19 -7 -5 18 20 52 46 15 10 -13 -16 -19 19
Tax % -81% 26% 17% 47% 40% 24% 32% -36% 3% 16% 21% 23%
-35 -5 -5 10 12 39 31 20 10 -11 -13 -14 15
EPS in Rs -15.53 -2.35 -2.01 4.14 4.89 12.62 9.16 6.01 2.98 -3.24 -3.75 -4.21 4.36
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 23%
5 Years: 8%
3 Years: 6%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 197%
Stock Price CAGR
10 Years: 40%
5 Years: 8%
3 Years: 51%
1 Year: 485%
Return on Equity
10 Years: 3%
5 Years: 0%
3 Years: -5%
Last Year: -6%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 22 22 22 24 25 31 34 34 34 34 34 34 35
Reserves 253 248 241 250 263 125 240 261 246 238 226 213 212
57 70 83 69 98 9 0 11 311 388 384 410 431
10 27 39 62 64 75 115 158 116 133 128 109 154
Total Liabilities 342 368 385 405 449 240 389 464 707 793 772 766 831
7 9 14 18 29 51 63 100 330 382 375 389 399
CWIP 0 1 0 1 4 4 7 4 4 5 0 0 0
Investments 33 32 31 30 25 0 90 0 15 15 15 15 15
302 326 340 355 391 185 231 360 359 391 382 362 417
Total Assets 342 368 385 405 449 240 389 464 707 793 772 766 831

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-38 -12 12 36 -15 -1 27 -48 94 -15 61 80
-1 -4 -7 -6 -9 -12 -110 41 -5 -16 -12 -9
6 8 -4 -30 26 16 81 11 -37 -14 -59 -75
Net Cash Flow -33 -8 0 -1 2 3 -1 4 52 -45 -9 -4

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 0 0 0 0 0 0 0 7 0 1 0
Inventory Days 188 207 118 141 177 126 154 195 142 255 221 151
Days Payable 89 114 60 60 61 71 97 100 75 113 93 58
Cash Conversion Cycle 100 93 58 81 116 54 58 95 73 143 130 93
Working Capital Days -260 -57 -31 -27 19 48 56 81 62 131 114 86
ROCE % -2% 0% 1% 8% 8% 14% 21% 13% 7% 3% 3% 3%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
54.00% 54.00% 53.56% 53.56% 53.56% 53.56% 53.57% 53.57% 53.57% 54.26% 54.26% 54.28%
6.45% 6.45% 6.42% 6.40% 6.44% 6.40% 6.47% 6.40% 6.40% 6.37% 6.36% 6.36%
0.00% 0.00% 0.18% 1.53% 1.54% 1.53% 1.53% 1.53% 1.91% 0.37% 0.37% 0.37%
39.55% 39.54% 39.84% 38.51% 38.46% 38.51% 38.45% 38.51% 38.13% 39.00% 39.01% 38.99%
No. of Shareholders 21,55221,59420,85320,16019,49319,51319,74419,72919,59718,63417,32416,166

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls