V-Mart Retail Ltd

V-Mart Retail Ltd

₹ 1,988 -0.03%
23 Feb - close price
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 mainly involved in value retailing of apparel with a minor presence in non-apparels (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, operating 400+ stores with total retail area of ~33 lakh sq. ft. as of September 2022. Most of VMRL stores are located in tier-II, III, and IV cities of India.

  • Market Cap 3,932 Cr.
  • Current Price 1,988
  • High / Low 2,461 / 1,591
  • Stock P/E
  • Book Value 386
  • Dividend Yield 0.00 %
  • ROCE 5.17 %
  • ROE -1.18 %
  • Face Value 10.0

Pros

  • Company's median sales growth is 22.0% of last 10 years

Cons

  • Stock is trading at 5.15 times its book value
  • Company has low interest coverage ratio.
  • Company has a low return on equity of -0.20% over last 3 years.
  • Promoter holding has decreased over last 3 years: -6.27%

* 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: Trading

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Quarterly Results

Figures in Rs. Crores

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
470 352 177 338 692 459 588 506 777 594 679 549 889
366 318 179 317 557 408 499 453 673 571 626 549 769
Operating Profit 104 34 -2 21 135 50 89 54 104 23 52 1 120
OPM % 22% 10% -1% 6% 20% 11% 15% 11% 13% 4% 8% 0% 13%
0 4 5 4 3 3 4 3 1 8 2 2 13
Interest 15 15 16 17 21 24 25 28 31 34 33 36 38
Depreciation 25 26 25 27 40 38 40 44 47 48 50 53 58
Profit before tax 64 -2 -39 -19 76 -8 28 -16 26 -52 -29 -86 37
Tax % 25% 36% 25% 27% 25% 67% 27% 28% 24% 28% 24% 26% 23%
48 -1 -29 -14 57 -3 20 -11 20 -37 -22 -64 28
EPS in Rs 26.34 -0.75 -14.57 -7.17 28.93 -1.32 10.35 -5.72 10.10 -18.69 -11.10 -32.42 14.27
Raw PDF

Profit & Loss

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
282 383 575 720 809 1,002 1,222 1,434 1,662 1,075 1,666 2,465 2,711
254 344 523 657 747 917 1,090 1,301 1,448 944 1,462 2,196 2,515
Operating Profit 28 39 52 64 62 85 133 133 214 131 204 269 196
OPM % 10% 10% 9% 9% 8% 8% 11% 9% 13% 12% 12% 11% 7%
0 1 1 0 2 4 4 -4 4 21 14 15 24
Interest 7 6 4 4 3 4 2 2 55 59 77 117 140
Depreciation 6 8 11 5 19 19 23 28 94 103 131 180 210
Profit before tax 16 27 38 55 42 67 112 100 70 -10 10 -13 -130
Tax % 34% 32% 33% 32% 35% 34% 31% 38% 29% 36% -12% 40%
10 18 25 37 28 44 78 62 49 -6 12 -8 -95
EPS in Rs 10.02 14.01 20.74 15.29 24.30 42.93 33.99 27.18 -3.15 5.89 -3.97 -47.94
Dividend Payout % 3% 10% 7% 7% 8% 5% 5% 5% 0% 0% 13% 0%
Compounded Sales Growth
10 Years: 20%
5 Years: 15%
3 Years: 14%
TTM: 16%
Compounded Profit Growth
10 Years: %
5 Years: %
3 Years: %
TTM: -458%
Stock Price CAGR
10 Years: 23%
5 Years: -5%
3 Years: -10%
1 Year: -19%
Return on Equity
10 Years: 7%
5 Years: 4%
3 Years: 0%
Last Year: -1%

Balance Sheet

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 7 18 18 18 18 18 18 18 18 20 20 20 20
Reserves 47 130 152 187 213 252 329 391 441 806 830 829 743
41 35 44 31 27 36 1 0 517 568 902 1,332 1,419
38 47 80 93 126 185 202 222 248 234 348 562 683
Total Liabilities 133 230 294 329 383 491 550 632 1,224 1,627 2,099 2,743 2,865
34 47 70 98 110 117 145 165 667 697 1,111 1,445 1,658
CWIP 1 1 1 1 2 1 4 4 2 2 6 109 9
Investments 0 41 34 22 32 72 34 61 8 319 125 9 6
99 140 188 208 238 300 368 402 546 609 857 1,179 1,192
Total Assets 133 230 294 329 383 491 550 632 1,224 1,627 2,099 2,743 2,865

Cash Flows

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
17 10 11 40 46 69 58 76 86 149 -11 181
-14 -62 -27 -19 -37 -73 -8 -73 1 -419 124 -159
-3 67 2 -20 -10 5 -38 -4 -94 287 -104 -37
Net Cash Flow -0 14 -14 1 -1 1 11 -1 -8 17 8 -15

Ratios

Figures in Rs. Crores

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 0 0 0 0 0 0 0 0 0 0 0 0
Inventory Days 160 155 154 132 131 140 135 124 155 216 224 199
Days Payable 62 52 60 54 61 83 73 56 64 97 97 112
Cash Conversion Cycle 98 103 95 78 70 57 62 68 91 119 126 87
Working Capital Days 67 66 60 51 44 34 38 36 58 106 89 71
ROCE % 25% 23% 21% 26% 18% 25% 35% 29% 18% 4% 5% 5%

Shareholding Pattern

Numbers in percentages

Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
46.67% 46.66% 46.44% 46.40% 46.20% 46.14% 46.10% 45.78% 44.34% 44.34% 44.34% 44.34%
24.35% 23.39% 22.12% 21.14% 20.23% 18.19% 11.51% 11.18% 14.17% 14.82% 14.28% 14.32%
20.83% 20.85% 21.69% 22.03% 23.23% 25.56% 31.51% 32.67% 31.82% 30.97% 32.64% 34.00%
8.15% 9.10% 9.75% 10.43% 10.33% 10.10% 10.87% 10.36% 9.67% 9.86% 8.75% 7.35%
No. of Shareholders 22,08318,46523,06124,09924,22524,14126,15625,61124,76326,02225,60325,268

* 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

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