V2 Retail Ltd

About [ edit ]

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. # The company’s business operates only in India. #

Key Points [ edit ]
  • Market Cap 422 Cr.
  • Current Price 124
  • High / Low 155 / 43.0
  • Stock P/E
  • Book Value 77.8
  • Dividend Yield 0.00 %
  • ROCE 6.77 %
  • ROE -0.72 %
  • Face Value 10.0

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has low interest coverage ratio.
  • Company has a low return on equity of 8.63% for last 3 years.

Peer comparison

Sector: Retail Industry: Textiles - Products

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2018 Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020
127 188 156 241 164 202 151 219 129 37 85 227
124 168 164 211 160 175 139 185 126 37 81 187
Operating Profit 3 20 -8 31 4 28 12 34 3 -0 4 41
OPM % 2% 11% -5% 13% 3% 14% 8% 15% 2% -0% 5% 18%
Other Income 2 1 -20 1 2 0 0 14 1 7 5 1
Interest 0 0 0 0 0 7 8 7 7 7 7 8
Depreciation 2 3 4 4 4 13 13 12 12 12 13 15
Profit before tax 3 18 -32 27 1 8 -10 28 -15 -12 -10 19
Tax % -36% 37% 42% 14% -186% -48% -8% 26% 25% 24% 24% 28%
Net Profit 4 11 -19 24 4 11 -10 21 -12 -9 -7 14
EPS in Rs 1.10 3.30 -5.44 6.92 1.23 3.36 -3.07 6.09 -3.40 -2.62 -2.15 4.05

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 TTM
1,323 1,105 1,065 42 109 229 287 334 472 559 748 701 478
1,323 1,615 1,115 51 108 224 258 302 429 506 705 623 431
Operating Profit 0 -510 -51 -9 1 5 28 32 43 54 43 79 48
OPM % 0% -46% -5% -22% 1% 2% 10% 10% 9% 10% 6% 11% 10%
Other Income 7 9 10 1 1 2 3 6 25 3 -11 15 14
Interest 98 91 12 8 7 9 10 14 10 3 3 32 28
Depreciation 49 47 34 3 2 3 2 4 6 8 14 50 52
Profit before tax -140 -639 -87 -19 -7 -5 18 20 52 46 15 10 -18
Tax % 33% 35% 25% -81% 26% 17% 47% 40% 24% 32% -36% 3%
Net Profit -94 -415 -65 -35 -5 -5 10 12 39 31 20 10 -14
EPS in Rs -42.18 -185.15 -29.10 -15.53 -2.35 -2.01 4.14 4.89 12.62 9.16 6.01 2.98 -4.12
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:-4%
5 Years:20%
3 Years:14%
TTM:-35%
Compounded Profit Growth
10 Years:7%
5 Years:%
3 Years:%
TTM:-184%
Stock Price CAGR
10 Years:15%
5 Years:18%
3 Years:-33%
1 Year:116%
Return on Equity
10 Years:0%
5 Years:8%
3 Years:9%
Last Year:-1%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Sep 2020
22 22 22 22 22 22 24 25 31 34 34 34 34
Reserves 154 -256 285 253 248 241 250 263 125 240 261 246 231
Borrowings 751 766 64 57 70 83 69 98 9 0 11 311 271
151 245 2 10 27 39 62 64 75 115 158 116 71
Total Liabilities 1,078 778 374 342 368 385 405 449 240 389 464 707 607
270 222 10 7 9 14 18 29 51 63 100 330 301
CWIP 6 0 0 0 1 0 1 4 4 7 4 4 0
Investments 0 0 30 33 32 31 30 25 0 90 0 15 15
801 556 333 302 326 340 355 391 185 231 360 359 292
Total Assets 1,078 778 374 342 368 385 405 449 240 389 464 707 607

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
-66 58 88 -38 -12 12 36 -15 -1 27 -48 94
-108 5 56 -1 -4 -7 -6 -9 -12 -110 41 -5
133 -67 -111 6 8 -4 -30 26 16 81 11 -37
Net Cash Flow -41 -4 33 -33 -8 0 -1 2 3 -1 4 52

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2009 Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020
ROCE % -5% -74% -16% -2% 0% 1% 8% 8% 14% 21% 13% 7%
Debtor Days 1 1 0 0 0 0 0 0 0 0 0 7
Inventory Turnover 1.57 2.92 7.89 4.00 2.65 3.53 3.12 2.44 3.07 2.85 2.45 2.25

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
51.14 51.14 51.14 51.14 51.14 51.14 52.37 53.62 53.62 53.62 54.00 54.00
9.79 10.54 10.39 10.37 10.35 9.84 9.32 6.45 6.45 6.45 6.45 6.45
1.16 1.20 3.32 4.52 5.64 5.61 5.69 5.22 2.90 1.53 1.53 0.00
0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.01 0.00 0.00 0.00 0.00
37.92 37.13 35.15 33.97 32.88 33.41 32.62 34.71 37.03 38.41 38.02 39.55

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