V2 Retail Ltd
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]
- 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.
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
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. |
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| Average Bill Value (ABV) ₹ |
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| Average Selling Price (ASP) ₹ |
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| Sales Per Sq. Ft. Per Month ₹ |
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| Same Store Sales Growth (SSSG) % |
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Extracted by Screener AI
Documents
Announcements
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 2 Jun
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 May - Audio recording of V2 Retail Q4 FY26 earnings call uploaded online.
- Announcement under Regulation 30 (LODR)-Investor Presentation 28 May
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
28 May - V2 Retail reported FY26 revenue ₹3,067 Cr, EBITDA ₹455 Cr, PAT ₹162 Cr; 325 stores.
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Board Meeting Outcome for Outcome Of The Meeting Of The Board Of The Company Held On 28Th May 2026
28 May - V2 Retail approved audited FY26 standalone and consolidated results; consolidated profit rose to Rs 16,206 lakh.
Annual reports
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Financial Year 2025
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Financial Year 2024
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Financial Year 2023
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Financial Year 2022
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Financial Year 2021
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Financial Year 2020
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Financial Year 2019
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Financial Year 2018
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Financial Year 2017
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Financial Year 2016
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Financial Year 2015
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Financial Year 2014
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Financial Year 2013
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Financial Year 2013
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Financial Year 2012
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Concalls
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Jun 2026Transcript PPT REC
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Feb 2026Transcript PPT
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025Transcript PPT REC
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Jan 2025Transcript PPT
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Jan 2025TranscriptAI SummaryPPT
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Oct 2024TranscriptPPTREC
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Oct 2024TranscriptPPT REC
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Aug 2024TranscriptPPTREC
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Jul 2024Transcript PPT REC
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May 2024TranscriptAI SummaryPPT
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Feb 2024TranscriptAI SummaryPPT
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Nov 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptAI SummaryPPT
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May 2023TranscriptAI SummaryPPT
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Feb 2023TranscriptAI SummaryPPT
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Nov 2022TranscriptAI SummaryPPT
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Aug 2022TranscriptAI SummaryPPT
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Feb 2022Transcript PPT
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Nov 2021Transcript PPT
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Aug 2021Transcript PPT
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Jun 2021TranscriptAI SummaryPPT
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Jun 2021Transcript PPT
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Feb 2021Transcript PPT
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Nov 2020Transcript PPT
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Aug 2020TranscriptAI SummaryPPT
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Jan 2020TranscriptAI SummaryPPT
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Oct 2019TranscriptAI SummaryPPT
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Jul 2019TranscriptAI SummaryPPT
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May 2019TranscriptAI SummaryPPT
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Jan 2019TranscriptAI SummaryPPT
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Nov 2018TranscriptAI SummaryPPT
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Aug 2018TranscriptAI SummaryPPT
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Jun 2018TranscriptAI SummaryPPT
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May 2018TranscriptAI SummaryPPT
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Feb 2018TranscriptAI SummaryPPT
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Oct 2017TranscriptAI SummaryPPT
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Jun 2017TranscriptAI SummaryPPT
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May 2017TranscriptAI SummaryPPT
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’.