V2 Retail Ltd

V2 Retail Summary Chart Analysis Peers Quarters Profit & Loss Balance Sheet Cash Flow Ratios Investors Documents

V2 Retail Ltd

₹ 1,802 -4.00%
29 May 12:37 p.m.
v2retail.com BSE: 532867 NSE: V2RETAIL
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’.

Website BSE NSE - BE
  • 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
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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

Part of BSE SmallCap BSE Allcap BSE Consumer Discretionary

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025
158.25 211.28 194.51 239.66 193.43 263.61 231.32 373.76 296.04 415.03 380.01 590.94 498.51
151.78 189.72 184.44 201.53 179.19 228.03 211.44 312.83 264.63 359.57 346.95 479.45 440.69
Operating Profit 6.47 21.56 10.07 38.13 14.24 35.58 19.88 60.93 31.41 55.46 33.06 111.49 57.82
OPM % 4.09% 10.20% 5.18% 15.91% 7.36% 13.50% 8.59% 16.30% 10.61% 13.36% 8.70% 18.87% 11.60%
3.66 0.97 1.18 2.39 2.13 1.39 2.13 3.03 0.94 1.39 2.51 1.19 1.86
Interest 9.41 9.70 11.08 10.42 9.36 10.44 12.25 11.70 12.83 13.71 14.97 17.83 21.40
Depreciation 13.66 16.48 15.65 17.60 17.33 18.15 18.24 20.86 19.47 21.37 23.03 26.32 27.94
Profit before tax -12.94 -3.65 -15.48 12.50 -10.32 8.38 -8.48 31.40 0.05 21.77 -2.43 68.53 10.34
Tax % -26.51% -22.47% -25.06% 25.52% -25.39% 25.54% -32.90% 24.97% -7,100.00% 24.94% -20.16% 25.30% 37.81%
-9.51 -2.83 -11.59 9.32 -7.71 6.24 -5.70 23.57 3.60 16.34 -1.93 51.19 6.44
EPS in Rs -2.77 -0.82 -3.37 2.71 -2.24 1.80 -1.65 6.81 1.04 4.72 -0.56 14.80 1.86
Raw PDF

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%

Shareholding Pattern

Numbers in percentages

Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025
53.56% 53.57% 53.57% 53.57% 54.26% 54.26% 54.28% 54.28% 54.30% 54.30% 54.30% 54.24%
6.40% 6.47% 6.40% 6.40% 6.37% 6.36% 6.36% 6.57% 6.69% 0.80% 0.91% 1.31%
1.53% 1.53% 1.53% 1.91% 0.37% 0.37% 0.37% 0.36% 0.43% 4.34% 5.98% 6.70%
38.51% 38.45% 38.51% 38.13% 39.00% 39.01% 38.99% 38.80% 38.60% 40.57% 38.82% 37.75%
No. of Shareholders 19,51319,74419,72919,59718,63417,32416,16616,24416,86224,10126,87735,125

* 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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