V2 Retail Ltd
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]
- 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
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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% |
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Credit Rating 1d
- Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011 18 Mar
- Announcement under Regulation 30 (LODR)-Newspaper Publication 12 Feb
- Announcement under Regulation 30 (LODR)-Investor Presentation 10 Feb
- Announcement under Regulation 30 (LODR)-Press Release / Media Release 10 Feb
Annual reports
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Financial Year 2023
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Financial Year 2013
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Financial Year 2012
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Financial Year 2011
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Financial Year 2010
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Concalls
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Feb 2024TranscriptNotesPPT
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Nov 2023TranscriptNotesPPT
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Business Segments