Vishal Mega Mart Ltd
Incorporated In 2001, Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.[1]
- Market Cap ₹ 58,318 Cr.
- Current Price ₹ 127
- High / Low ₹ 133 / 96.0
- Stock P/E 123
- Book Value ₹ 13.5
- Dividend Yield 0.00 %
- ROCE 10.8 %
- ROE 8.03 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 31.5% CAGR over last 5 years
Cons
- Stock is trading at 9.50 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
- The company has delivered a poor sales growth of 7.88% over past five years.
- Company has a low return on equity of 6.31% over last 3 years.
- Working capital days have increased from 61.7 days to 90.6 days
* 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
Part of Nifty Midcap 100 Nifty 200 BSE IPO Nifty 500 Nifty LargeMidcap 250
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 4,069 | 3,025 | 4,199 | 5,619 | 6,239 | 5,947 | |
| 3,656 | 2,765 | 3,774 | 5,154 | 5,677 | 5,188 | |
| Operating Profit | 413 | 260 | 425 | 466 | 561 | 759 |
| OPM % | 10% | 9% | 10% | 8% | 9% | 13% |
| 13 | 16 | 19 | 20 | 21 | 45 | |
| Interest | 114 | 106 | 71 | 31 | 16 | 12 |
| Depreciation | 104 | 111 | 117 | 126 | 142 | 160 |
| Profit before tax | 208 | 59 | 257 | 329 | 425 | 632 |
| Tax % | 39% | 35% | 25% | 25% | 25% | 25% |
| 126 | 39 | 191 | 247 | 318 | 473 | |
| EPS in Rs | 0.29 | 0.09 | 0.42 | 0.55 | 0.70 | 1.03 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 8% |
| 3 Years: | 12% |
| TTM: | -5% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 32% |
| 3 Years: | 35% |
| TTM: | 49% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 6% |
| Last Year: | 8% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Equity Capital | 4,366 | 4,484 | 4,503 | 4,507 | 4,509 | 4,597 |
| Reserves | 167 | 284 | 491 | 745 | 1,066 | 1,599 |
| 793 | 770 | 448 | 93 | 0 | 133 | |
| 1,396 | 1,513 | 1,611 | 1,727 | 1,547 | 1,465 | |
| Total Liabilities | 6,721 | 7,052 | 7,054 | 7,072 | 7,122 | 7,795 |
| 4,657 | 4,619 | 4,585 | 4,561 | 4,595 | 4,707 | |
| CWIP | 16 | 7 | 9 | 67 | 36 | 9 |
| Investments | 87 | 621 | 492 | 110 | 75 | 462 |
| 1,960 | 1,804 | 1,968 | 2,334 | 2,416 | 2,617 | |
| Total Assets | 6,721 | 7,052 | 7,054 | 7,072 | 7,122 | 7,795 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 243 | 665 | 233 | 110 | 142 | 494 | |
| -78 | -659 | 97 | 255 | -35 | -473 | |
| -160 | 57 | -370 | -387 | -106 | 75 | |
| Net Cash Flow | 5 | 63 | -40 | -23 | 1 | 95 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 146 | 161 | 133 | 118 | 105 | 134 |
| Inventory Days | 17 | 27 | 22 | 21 | 24 | 18 |
| Days Payable | 108 | 164 | 133 | 103 | 73 | 73 |
| Cash Conversion Cycle | 55 | 24 | 21 | 36 | 56 | 79 |
| Working Capital Days | 54 | 44 | 30 | 39 | 56 | 91 |
| ROCE % | 3% | 6% | 7% | 8% | 11% |
Documents
Announcements
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Key Performance Indicators (KPI) Under The SEBI (Issue Of Capital And Disclosure Requirements) Regulations, 2018
1d - Vishal Mega Mart FY25 KPIs: ₹107,163m revenue, ₹6,320m profit, 696 stores, 20.25% revenue growth.
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
9 May - Of allotment of 2,71,35,264 Equity Shares pursuant to exercise of stock options
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Revised Transcript Of Earnings Conference Call On Results Of The Company For The Quarter And Year Ended March 31, 2025
7 May - Revised transcript correcting minor errors in Vishal Mega Mart Q4 and FY 2025 earnings call.
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
5 May - Transcript of Earnings Conference Call for the quarter and year ended March 31, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
30 Apr - Audio recording of Q4 and FY25 earnings call made available on company website.
Concalls
-
May 2025TranscriptPPT
-
May 2025Transcript PPT REC
Business Profile[1]
Vishal Mega Mart Limited (formerly Rishanth Wholesale Trading Pvt Ltd) is a diversified retail company catering to middle and lower-middle-income groups in India. It offers products under three categories: apparel, general merchandise, and fast-moving consumer goods (FMCG). It operates 645 stores across 414 cities in India, complemented by an e-commerce platform (website and mobile app). The company utilizes a hub-and-spoke distribution model for efficient operations.