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 ₹ 6,233 Cr.
- Current Price ₹ 1,802
- High / Low ₹ 2,097 / 464
- Stock P/E 86.5
- Book Value ₹ 100
- Dividend Yield 0.00 %
- ROCE 16.6 %
- ROE 23.2 %
- Face Value ₹ 10.0
Pros
- Company is expected to give good quarter
- Company has delivered good profit growth of 84.0% CAGR over last 5 years
- Company's median sales growth is 33.3% of last 10 years
- Company's working capital requirements have reduced from 72.5 days to 49.0 days
Cons
- Stock is trading at 18.7 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has a low return on equity of 10.5% 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
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
1,323 | 1,105 | 42 | 109 | 229 | 287 | 701 | 538 | 629 | 839 | 1,165 | 1,884 | |
1,326 | 1,565 | 52 | 108 | 223 | 258 | 624 | 488 | 562 | 753 | 1,016 | 1,627 | |
Operating Profit | -3 | -460 | -9 | 1 | 5 | 28 | 77 | 50 | 67 | 85 | 149 | 258 |
OPM % | -0% | -42% | -21% | 1% | 2% | 10% | 11% | 9% | 11% | 10% | 13% | 14% |
9 | -41 | 1 | 1 | 2 | 2 | 15 | 23 | 16 | 7 | 7 | 7 | |
Interest | 98 | 91 | 8 | 7 | 9 | 10 | 33 | 33 | 39 | 42 | 49 | 68 |
Depreciation | 49 | 47 | 3 | 2 | 3 | 2 | 51 | 56 | 59 | 67 | 77 | 99 |
Profit before tax | -140 | -639 | -19 | -7 | -5 | 18 | 9 | -15 | -15 | -17 | 31 | 98 |
Tax % | -33% | -35% | 81% | -26% | -18% | 47% | -1% | -16% | -21% | -24% | 11% | 27% |
-94 | -415 | -35 | -5 | -4 | 10 | 9 | -13 | -12 | -13 | 28 | 72 | |
EPS in Rs | -42.19 | -185.42 | -15.55 | -2.35 | -1.93 | 4.13 | 2.57 | -3.76 | -3.40 | -3.73 | 8.04 | 20.82 |
Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Compounded Sales Growth | |
---|---|
10 Years: | 21% |
5 Years: | 22% |
3 Years: | 44% |
TTM: | 62% |
Compounded Profit Growth | |
---|---|
10 Years: | 22% |
5 Years: | 84% |
3 Years: | 101% |
TTM: | 161% |
Stock Price CAGR | |
---|---|
10 Years: | 48% |
5 Years: | 104% |
3 Years: | 144% |
1 Year: | 253% |
Return on Equity | |
---|---|
10 Years: | % |
5 Years: | 5% |
3 Years: | 11% |
Last Year: | 23% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 22 | 22 | 22 | 22 | 22 | 24 | 34 | 34 | 34 | 34 | 35 | 35 |
Reserves | 155 | -255 | 252 | 247 | 240 | 251 | 245 | 235 | 224 | 213 | 240 | 312 |
751 | 766 | 57 | 71 | 84 | 69 | 326 | 396 | 398 | 424 | 525 | 850 | |
152 | 245 | 11 | 28 | 39 | 61 | 115 | 148 | 136 | 123 | 227 | 432 | |
Total Liabilities | 1,080 | 778 | 343 | 368 | 385 | 405 | 721 | 813 | 792 | 793 | 1,027 | 1,628 |
271 | 222 | 7 | 9 | 14 | 18 | 339 | 395 | 394 | 408 | 480 | 863 | |
CWIP | 6 | 0 | 0 | 1 | 0 | 1 | 4 | 5 | 0 | 0 | 0 | 4 |
Investments | 0 | 0 | 33 | 32 | 31 | 30 | 0 | 0 | 0 | 0 | 0 | 0 |
803 | 557 | 303 | 326 | 340 | 355 | 378 | 414 | 398 | 385 | 547 | 761 | |
Total Assets | 1,080 | 778 | 343 | 368 | 385 | 405 | 721 | 813 | 792 | 793 | 1,027 | 1,628 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
-65 | 57 | -38 | -12 | 12 | 35 | 74 | 3 | 59 | 86 | 93 | 223 | |
-108 | 5 | -1 | -4 | -7 | -6 | 7 | -20 | -16 | -12 | -39 | -131 | |
133 | -66 | 6 | 8 | -4 | -30 | -28 | -22 | -58 | -76 | -50 | -93 | |
Net Cash Flow | -41 | -4 | -33 | -8 | 0 | -1 | 52 | -39 | -15 | -2 | 5 | -0 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
Mar 2009 | Mar 2010 | Mar 2012 | Mar 2013 | Mar 2014 | Mar 2015 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 1 | 1 | 4 | 0 | 0 | 0 | 0 | 0 | 1 | 0 | 0 | 0 |
Inventory Days | 266 | 64 | 187 | 207 | 118 | 141 | 156 | 308 | 264 | 184 | 199 | 159 |
Days Payable | 38 | 52 | 91 | 114 | 60 | 63 | 75 | 134 | 108 | 70 | 92 | 105 |
Cash Conversion Cycle | 230 | 13 | 100 | 93 | 58 | 79 | 81 | 174 | 156 | 114 | 107 | 54 |
Working Capital Days | 163 | 13 | -262 | -59 | -32 | -27 | 66 | 131 | 118 | 88 | 80 | 49 |
ROCE % | -5% | -68% | 0% | 1% | 8% | 3% | 4% | 4% | 11% | 17% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
19h - Audio recording of V2 Retail Q4 FY25 earnings call available on company website.
-
Announcement under Regulation 30 (LODR)-Press Release / Media Release
1d - V2 Retail reports FY25 revenue ₹1884.5 Cr (+62%), PAT ₹72 Cr (+159%), 189 stores, 29% same-store sales growth.
- Announcement under Regulation 30 (LODR)-Investor Presentation 1d
-
Announcement under Regulation 30 (LODR)-Change in Management
1d - Re-appointment of Ms. Uma Agarwal as Whole-time Director for 5 years from July 22, 2025.
-
Amendment To The Various Statutory Policies Of The Company
1d - V2 Retail amends policies on subsidiaries, material events, and related party transactions per SEBI regulations.
Annual reports
-
Financial Year 2024
from bse
-
Financial Year 2023
from bse
-
Financial Year 2022
from bse
-
Financial Year 2021
from bse
-
Financial Year 2020
from bse
-
Financial Year 2019
from bse
-
Financial Year 2018
from bse
-
Financial Year 2017
from bse
-
Financial Year 2016
from bse
-
Financial Year 2015
from bse
-
Financial Year 2014
from bse
-
Financial Year 2013
from nse
-
Financial Year 2013
from bse
-
Financial Year 2012
from bse
-
Financial Year 2011
from bse
Concalls
-
May 2025TranscriptNotesPPT
-
Jan 2025Transcript PPT
-
Jan 2025TranscriptNotesPPT
-
Oct 2024TranscriptPPTREC
-
Oct 2024TranscriptNotesPPT REC
-
Aug 2024TranscriptPPTREC
-
Jul 2024Transcript PPT REC
-
May 2024TranscriptNotesPPT
-
Feb 2024TranscriptNotesPPT
-
Nov 2023TranscriptNotesPPT
-
Aug 2023TranscriptNotesPPT
-
May 2023TranscriptNotesPPT
-
Feb 2023TranscriptNotesPPT
-
Nov 2022TranscriptNotesPPT
-
Aug 2022TranscriptNotesPPT
-
Feb 2022Transcript PPT
-
Nov 2021Transcript PPT
-
Aug 2021Transcript PPT
-
Jun 2021TranscriptNotesPPT
-
Jun 2021Transcript PPT
-
Feb 2021Transcript PPT
-
Nov 2020Transcript PPT
-
Aug 2020TranscriptNotesPPT
-
Jan 2020TranscriptNotesPPT
-
Oct 2019TranscriptNotesPPT
-
Jul 2019TranscriptNotesPPT
-
May 2019TranscriptNotesPPT
-
Jan 2019TranscriptNotesPPT
-
Nov 2018TranscriptNotesPPT
-
Aug 2018TranscriptNotesPPT
-
Jun 2018TranscriptNotesPPT
-
May 2018TranscriptNotesPPT
-
Feb 2018TranscriptNotesPPT
-
Oct 2017TranscriptNotesPPT
-
Jun 2017TranscriptNotesPPT
-
May 2017TranscriptNotesPPT
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’.