V2 Retail Ltd

V2 Retail Ltd

₹ 223 3.81%
12 Jun - close price
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’.

  • Market Cap 8,149 Cr.
  • Current Price 223
  • High / Low 259 / 157
  • Stock P/E 54.4
  • Book Value 24.8
  • Dividend Yield 0.00 %
  • ROCE 19.1 %
  • ROE 24.0 %
  • Face Value 1.00

Pros

  • Company is expected to give good quarter
  • Company has delivered good profit growth of 73.1% CAGR over last 5 years
  • Company's median sales growth is 33.6% of last 10 years

Cons

  • Stock is trading at 9.03 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
193 264 231 374 296 415 380 591 499 630 705 927 798
181 231 213 313 266 362 349 480 441 539 619 750 685
Operating Profit 13 33 19 61 30 53 31 111 57 90 86 177 113
OPM % 6% 12% 8% 16% 10% 13% 8% 19% 11% 14% 12% 19% 14%
2 1 2 3 1 1 2 0 1 1 0 26 0
Interest 9 10 12 11 12 13 15 18 21 22 28 22 24
Depreciation 16 17 17 20 18 20 22 26 27 32 37 45 67
Profit before tax -11 7 -8 32 0 21 -3 68 10 37 21 135 22
Tax % -26% 25% -33% 25% -1,073% 25% -21% 25% 36% 25% 14% 27% 18%
-8 5 -6 24 4 16 -3 51 7 28 18 99 18
EPS in Rs -0.24 0.14 -0.16 0.70 0.11 0.46 -0.07 1.47 0.19 0.80 0.52 2.72 0.50
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
287 334 472 559 748 701 538 629 839 1,165 1,884 3,060
258 302 429 506 699 623 487 566 759 1,021 1,630 2,594
Operating Profit 28 32 43 54 49 79 50 63 80 144 254 466
OPM % 10% 10% 9% 10% 7% 11% 9% 10% 10% 12% 13% 15%
3 6 25 3 -17 15 22 16 6 7 5 27
Interest 10 14 10 3 3 32 32 38 41 47 68 96
Depreciation 2 4 6 8 14 50 54 57 64 73 95 181
Profit before tax 18 20 52 46 15 10 -13 -16 -19 31 97 216
Tax % 47% 40% 24% 32% -36% 3% -16% -21% -23% 11% 27% 24%
10 12 39 31 20 10 -11 -13 -14 27 71 163
EPS in Rs 0.41 0.49 1.26 0.92 0.60 0.30 -0.32 -0.38 -0.42 0.79 2.05 4.48
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 25%
5 Years: 42%
3 Years: 54%
TTM: 62%
Compounded Profit Growth
10 Years: 31%
5 Years: 73%
3 Years: 131%
TTM: 111%
Stock Price CAGR
10 Years: 46%
5 Years: 76%
3 Years: 174%
1 Year: 22%
Return on Equity
10 Years: 10%
5 Years: 13%
3 Years: 21%
Last Year: 24%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 24 25 31 34 34 34 34 34 34 35 35 36
Reserves 251 271 127 240 261 246 238 226 213 240 310 866
69 98 9 0 11 311 388 384 410 502 839 995
61 55 73 115 158 116 133 128 108 189 393 525
Total Liabilities 405 449 240 389 464 707 793 772 765 966 1,577 2,422
18 29 51 63 100 330 382 375 389 449 842 968
CWIP 1 4 4 7 4 4 5 0 0 0 4 36
Investments 30 25 0 90 0 15 15 15 15 15 15 5
355 391 185 231 360 359 391 382 361 502 716 1,412
Total Assets 405 449 240 389 464 707 793 772 765 966 1,577 2,422

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
36 -15 -1 27 -48 94 -15 61 80 85 213 -96
-6 -9 -12 -110 41 -5 -16 -12 -9 -29 -128 -231
-30 26 16 81 11 -37 -14 -59 -75 -52 -83 325
Net Cash Flow -1 2 3 -1 4 52 -45 -9 -4 4 1 -2
Free Cash Flow 29 -32 -13 5 -99 87 -38 50 70 57 84 -328
CFO/OP 125% -47% -1% 51% -101% 120% -30% 96% 98% 59% 94% -9%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 0 0 0 0 0 7 0 1 0 0 0 0
Inventory Days 141 177 126 154 195 142 255 221 151 155 140 195
Days Payable 60 61 71 97 100 75 113 93 57 69 85 79
Cash Conversion Cycle 81 116 54 58 95 73 143 130 94 87 56 116
Working Capital Days -27 -28 42 56 77 39 75 67 50 43 19 47
ROCE % 8% 8% 14% 21% 13% 7% 3% 3% 3% 11% 17% 19%

Insights

In beta
Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Number of Stores
Number

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Total Retail Area
Lakh Sq. Ft.
Average Bill Value (ABV)
Average Selling Price (ASP)
Sales Per Sq. Ft. Per Month
Same Store Sales Growth (SSSG)
%

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
54.26% 54.26% 54.28% 54.28% 54.30% 54.30% 54.30% 54.24% 54.22% 54.22% 51.43% 51.43%
6.37% 6.36% 6.36% 6.57% 6.69% 0.80% 0.91% 1.31% 1.90% 2.10% 3.01% 2.62%
0.37% 0.37% 0.37% 0.36% 0.43% 4.34% 5.98% 6.70% 7.35% 7.12% 9.12% 9.28%
39.00% 39.01% 38.99% 38.80% 38.60% 40.57% 38.82% 37.75% 36.53% 36.56% 36.45% 36.67%
No. of Shareholders 18,63417,32416,16616,24416,86224,10126,87735,12537,44639,93842,86945,025

* 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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