V2 Retail Ltd

V2 Retail Ltd

₹ 374 1.79%
23 Feb - close price
About

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]

Key Points

Business Segments

  • Market Cap 1,295 Cr.
  • Current Price 374
  • High / Low 413 / 67.0
  • Stock P/E 79.0
  • Book Value 71.6
  • Dividend Yield 0.00 %
  • ROCE 3.77 %
  • ROE -5.10 %
  • Face Value 10.0

Pros

  • Company is expected to give good quarter
  • Company's median sales growth is 25.4% of last 10 years
  • Company's working capital requirements have reduced from 112 days to 88.2 days

Cons

  • Stock is trading at 5.23 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -4.75% 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

Loading peers table ...

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
227 189 83 150 239 158 211 195 240 193 264 231 374
185 187 82 132 199 152 190 184 202 179 228 211 313
Operating Profit 42 2 1 18 40 6 22 10 38 14 36 20 61
OPM % 19% 1% 1% 12% 17% 4% 10% 5% 16% 7% 14% 9% 16%
1 8 9 2 1 4 1 1 2 2 1 2 3
Interest 8 9 9 9 9 9 10 11 10 9 10 12 12
Depreciation 15 15 15 15 15 14 16 16 18 17 18 18 21
Profit before tax 20 -13 -14 -4 17 -13 -4 -15 12 -10 8 -8 31
Tax % 26% 20% 22% 26% 27% 27% 22% 25% 26% 25% 26% 33% 25%
15 -10 -11 -3 12 -10 -3 -12 9 -8 6 -6 24
EPS in Rs 4.37 -3.01 -3.32 -0.91 3.57 -2.77 -0.82 -3.37 2.71 -2.24 1.80 -1.65 6.81
Raw PDF

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
953 1,323 1,105 42 109 229 287 701 538 629 839 1,062
831 1,326 1,565 52 108 223 258 624 488 562 753 931
Operating Profit 122 -3 -460 -9 1 5 28 77 50 67 85 131
OPM % 13% -0% -42% -21% 1% 2% 10% 11% 9% 11% 10% 12%
8 9 -41 1 1 2 2 15 23 16 7 9
Interest 39 98 91 8 7 9 10 33 33 39 42 44
Depreciation 28 49 47 3 2 3 2 51 56 59 67 75
Profit before tax 63 -140 -639 -19 -7 -5 18 9 -15 -15 -17 21
Tax % 36% 33% 35% -81% 26% 18% 47% -1% 16% 21% 24%
41 -94 -415 -35 -5 -4 10 9 -13 -12 -13 16
EPS in Rs 18.14 -42.19 -185.42 -15.55 -2.35 -1.93 4.13 2.57 -3.76 -3.40 -3.73 4.72
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 23%
5 Years: %
3 Years: 6%
TTM: 32%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: 212%
Stock Price CAGR
10 Years: 42%
5 Years: 8%
3 Years: 39%
1 Year: 342%
Return on Equity
10 Years: %
5 Years: %
3 Years: -5%
Last Year: -5%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 22 22 22 22 22 22 24 34 34 34 34 35
Reserves 249 155 -256 252 247 240 250 245 235 224 213 213
531 751 766 57 71 84 69 326 396 398 424 445
161 152 246 11 28 39 62 115 148 136 124 206
Total Liabilities 963 1,080 778 343 368 385 405 721 813 792 794 898
209 271 222 7 9 14 18 339 395 394 408 421
CWIP 21 6 0 0 1 0 1 4 5 0 0 6
Investments 0 0 0 33 32 31 30 0 0 0 0 0
734 803 557 303 326 340 355 378 414 398 386 471
Total Assets 963 1,080 778 343 368 385 405 721 813 792 794 898

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023
-197 -65 57 -38 -12 12 35 74 3 59 86
-115 -108 5 -1 -4 -7 -6 7 -20 -16 -12
356 133 -66 6 8 -4 -30 -28 -22 -58 -76
Net Cash Flow 45 -41 -4 -33 -8 0 -1 52 -39 -15 -2

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2008 Mar 2009 Mar 2010 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 1 1 4 0 0 0 0 0 1 0
Inventory Days 362 266 64 187 207 118 141 156 308 264 184
Days Payable 33 38 52 91 114 60 63 75 134 108 71
Cash Conversion Cycle 329 230 13 100 93 58 79 81 174 156 113
Working Capital Days 199 163 13 -262 -59 -32 -27 66 131 118 88
ROCE % -5% -68% 0% 1% 8% 3% 4% 4%

Shareholding Pattern

Numbers in percentages

4 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
54.00% 54.00% 53.56% 53.56% 53.56% 53.56% 53.57% 53.57% 53.57% 54.26% 54.26% 54.28%
6.45% 6.45% 6.42% 6.40% 6.44% 6.40% 6.47% 6.40% 6.40% 6.37% 6.36% 6.36%
0.00% 0.00% 0.18% 1.53% 1.54% 1.53% 1.53% 1.53% 1.91% 0.37% 0.37% 0.37%
39.55% 39.54% 39.84% 38.51% 38.46% 38.51% 38.45% 38.51% 38.13% 39.00% 39.01% 38.99%
No. of Shareholders 21,55221,59420,85320,16019,49319,51319,74419,72919,59718,63417,32416,166

* 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.

Click on the line-items to see the names of individual entities.

Documents

Concalls