V-Mart Retail Ltd

V-Mart Retail Ltd

₹ 672 1.08%
08 May 12:46 p.m.
About

V-Mart Retail is engaged in the business of Value Retailing through the chain of stores situated at various cities in India.

Key Points

Leading Value Retail Chain Operator [1] VMRL is in value retailing of apparel with a minor presence in non-apparel (footwear, accessories, toys/ games, home textile, furnishing, décor, and appliances, etc.) and Kirana bazaar. It is one of the largest value retail chains in India in terms of store count and retail area. As of December 2025, the company operates 554 stores with a total retail area of ~48+ lakh sq. ft. with major presence in tier-II, III, and IV cities across India.[2][3]

  • Market Cap 5,341 Cr.
  • Current Price 672
  • High / Low 962 / 458
  • Stock P/E 42.8
  • Book Value 120
  • Dividend Yield 0.00 %
  • ROCE 13.2 %
  • ROE 14.2 %
  • Face Value 10.0

Pros

  • Company has delivered good profit growth of 82.9% CAGR over last 5 years

Cons

  • Stock is trading at 5.66 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 2.21% 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.

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Quarterly Results

Figures in Rs. Crores

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
594 679 549 889 669 786 661 1,027 780 885 807 1,126 971
571 626 549 769 628 687 622 855 712 759 735 917 865
Operating Profit 23 52 1 120 40 99 39 171 68 126 72 210 106
OPM % 4% 8% 0% 13% 6% 13% 6% 17% 9% 14% 9% 19% 11%
8 2 2 13 4 5 2 3 27 3 3 2 6
Interest 34 33 36 38 36 37 39 42 17 18 17 21 19
Depreciation 48 50 53 58 61 57 59 63 54 68 71 78 80
Profit before tax -52 -29 -86 37 -52 9 -58 70 23 43 -14 113 13
Tax % -28% -24% -26% 23% -25% -30% -3% -3% 19% 22% -35% 22% 10%
-37 -22 -64 28 -39 12 -57 72 19 34 -9 88 11
EPS in Rs -4.67 -2.77 -8.11 3.57 -4.92 1.53 -7.14 9.04 2.34 4.23 -1.12 11.08 1.42
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
720 809 1,002 1,222 1,434 1,662 1,075 1,666 2,465 2,786 3,254 3,789
657 747 917 1,090 1,301 1,448 944 1,462 2,196 2,570 2,874 3,276
Operating Profit 64 62 85 133 133 214 131 204 269 215 380 513
OPM % 9% 8% 8% 11% 9% 13% 12% 12% 11% 8% 12% 14%
0 2 4 4 -4 4 21 14 15 19 34 14
Interest 4 3 4 2 2 55 59 77 117 142 136 75
Depreciation 5 19 19 23 28 94 103 131 180 222 233 297
Profit before tax 55 42 67 112 100 70 -10 10 -13 -130 44 155
Tax % 32% 35% 34% 31% 38% 29% -36% -12% -40% -26% -4% 20%
37 28 44 78 62 49 -6 12 -8 -97 46 124
EPS in Rs 5.18 3.82 6.07 10.73 8.50 6.80 -0.79 1.47 -0.99 -12.23 5.78 15.61
Dividend Payout % 7% 8% 5% 5% 5% 0% 0% 13% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 17%
5 Years: 29%
3 Years: 15%
TTM: 16%
Compounded Profit Growth
10 Years: 17%
5 Years: 83%
3 Years: 143%
TTM: 421%
Stock Price CAGR
10 Years: 18%
5 Years: 0%
3 Years: 8%
1 Year: -21%
Return on Equity
10 Years: 5%
5 Years: 1%
3 Years: 2%
Last Year: 14%

Balance Sheet

Figures in Rs. Crores

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 18 18 18 18 18 18 20 20 20 20 20 79
Reserves 187 213 252 329 391 441 806 830 829 727 790 872
31 27 36 1 0 517 568 902 1,332 1,391 783 958
93 126 185 202 222 248 234 348 562 707 844 871
Total Liabilities 329 383 491 550 632 1,224 1,627 2,099 2,743 2,845 2,436 2,780
98 110 117 145 165 667 697 1,111 1,445 1,661 1,039 1,366
CWIP 1 2 1 4 4 2 2 6 109 4 4 8
Investments 22 32 72 34 61 8 319 125 9 5 5 18
208 238 300 368 402 546 609 857 1,179 1,176 1,388 1,387
Total Assets 329 383 491 550 632 1,224 1,627 2,099 2,743 2,845 2,436 2,780

Cash Flows

Figures in Rs. Crores

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
40 46 69 58 76 86 149 -11 177 386 349 501
-19 -37 -73 -8 -73 1 -419 124 -159 -118 -122 -174
-20 -10 5 -38 -4 -94 287 -104 -33 -259 -215 -346
Net Cash Flow 1 -1 1 11 -1 -8 17 8 -15 9 12 -20
Free Cash Flow 6 20 27 10 36 32 109 -161 -101 263 225 344
CFO/OP 89% 98% 110% 72% 82% 52% 116% 0% 72% 180% 92% 102%

Ratios

Figures in Rs. Crores

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 0 0 0 0 0 0 0
Inventory Days 132 131 140 135 124 155 216 224 199 163 169 145
Days Payable 54 61 83 73 56 64 97 97 112 127 131 72
Cash Conversion Cycle 78 70 57 62 68 91 119 126 87 36 39 73
Working Capital Days 37 32 22 38 36 41 94 76 38 14 1 2
ROCE % 26% 18% 25% 35% 29% 18% 4% 5% 5% 1% 8% 13%

Insights

In beta
Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Footfalls
Million

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Number of Stores
Number
Sales per Square Feet
INR per Month
Total Retail Space
Million Sq Ft
Same Store Sales Growth (SSSG)
Percentage

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

51 Recently
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
44.34% 44.34% 44.34% 44.34% 44.34% 44.32% 44.29% 44.28% 44.19% 44.18% 44.15% 44.20%
14.82% 14.28% 14.32% 15.32% 15.46% 16.02% 17.32% 17.48% 18.29% 17.46% 17.01% 16.92%
30.97% 32.64% 34.00% 33.99% 32.62% 32.79% 32.45% 32.93% 31.51% 32.11% 32.46% 31.87%
9.86% 8.75% 7.35% 6.37% 7.59% 6.89% 5.94% 5.33% 6.02% 6.26% 6.38% 7.02%
No. of Shareholders 26,02225,60325,26822,47118,02320,67429,86918,13723,90126,76324,90330,027

* 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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