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 ₹ 48,455 Cr.
- Current Price ₹ 103
- High / Low ₹ 158 / 98.7
- Stock P/E 74.2
- Book Value ₹ 15.0
- Dividend Yield 0.00 %
- ROCE 13.2 %
- ROE 9.92 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 75.9% CAGR over last 5 years
Cons
- Stock is trading at 6.88 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 7.89% over last 3 years.
- Working capital days have increased from 82.0 days to 124 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.
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 4,069 | 3,025 | 4,199 | 5,619 | 6,239 | 5,947 | 6,631 | 6,849 | |
| 3,656 | 2,765 | 3,774 | 5,154 | 5,677 | 5,187 | 5,640 | 5,875 | |
| Operating Profit | 413 | 260 | 425 | 466 | 561 | 760 | 991 | 974 |
| OPM % | 10% | 9% | 10% | 8% | 9% | 13% | 15% | 14% |
| 13 | 16 | 19 | 20 | 21 | 44 | 71 | 87 | |
| Interest | 114 | 106 | 71 | 31 | 16 | 12 | 12 | 12 |
| Depreciation | 104 | 111 | 117 | 126 | 142 | 160 | 173 | 176 |
| Profit before tax | 208 | 59 | 257 | 329 | 425 | 632 | 878 | 873 |
| Tax % | 39% | 35% | 25% | 25% | 25% | 25% | 25% | |
| 126 | 39 | 191 | 247 | 318 | 473 | 656 | 653 | |
| EPS in Rs | 0.29 | 0.09 | 0.42 | 0.55 | 0.70 | 1.03 | 1.40 | 1.40 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 17% |
| 3 Years: | 6% |
| TTM: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 76% |
| 3 Years: | 39% |
| TTM: | 26% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 8% |
| Last Year: | 10% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4,366 | 4,484 | 4,503 | 4,507 | 4,509 | 4,597 | 4,673 |
| Reserves | 167 | 284 | 491 | 745 | 1,066 | 1,599 | 2,354 |
| 793 | 770 | 448 | 93 | 136 | 133 | 133 | |
| 1,396 | 1,513 | 1,611 | 1,727 | 1,411 | 1,465 | 1,487 | |
| Total Liabilities | 6,721 | 7,052 | 7,054 | 7,072 | 7,122 | 7,795 | 8,648 |
| 4,657 | 4,619 | 4,585 | 4,561 | 4,721 | 4,707 | 4,680 | |
| CWIP | 16 | 7 | 9 | 67 | 36 | 9 | 23 |
| Investments | 87 | 621 | 492 | 110 | 75 | 462 | 1,194 |
| 1,960 | 1,804 | 1,968 | 2,334 | 2,289 | 2,617 | 2,750 | |
| Total Assets | 6,721 | 7,052 | 7,054 | 7,072 | 7,122 | 7,795 | 8,648 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 243 | 665 | 233 | 110 | 142 | 494 | 754 | |
| -78 | -659 | 97 | 255 | -35 | -473 | -823 | |
| -160 | 57 | -370 | -387 | -106 | 75 | 109 | |
| Net Cash Flow | 5 | 63 | -40 | -23 | 1 | 95 | 39 |
| Free Cash Flow | 146 | 608 | 144 | -36 | -9 | 369 | 597 |
| CFO/OP | 71% | 260% | 67% | 45% | 46% | 88% | 101% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 146 | 161 | 133 | 118 | 105 | 134 | 118 |
| Inventory Days | 17 | 27 | 22 | 21 | 24 | 18 | 24 |
| Days Payable | 108 | 164 | 133 | 103 | 73 | 73 | 72 |
| Cash Conversion Cycle | 55 | 24 | 21 | 36 | 56 | 79 | 70 |
| Working Capital Days | 54 | 36 | 23 | 37 | 56 | 67 | 124 |
| ROCE % | 3% | 6% | 7% | 8% | 10% | 13% |
Insights
In beta| Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|
| Adjusted Same-Store Sales Growth (SSSG) % |
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| Number of stores count |
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| Own brand revenue contribution % |
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| Retail trading area million sq ft |
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| Loyalty registered customers million |
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| Number of cities count |
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| Quick commerce registered users million |
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| Quick commerce stores with hyperlocal delivery count |
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Extracted by Screener AI
Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
- Gunender Kapur reappointed for 5 years from September 1, 2026, redesignated Founder, Managing Director & CEO.
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Announcement under Regulation 30 (LODR)-Change in Directorate
- Board reappointed Gunender Kapur as Founder, MD & CEO for five years from September 1, 2026.
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Grant Of Stock Options Under Vishal Mega Mart Employees Stock Options Plan 2019
- Vishal Mega Mart granted 4.68 crore stock options at Rs 102.60 each under ESOP 2019.
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Board Meeting Outcome for Re-Appointment Of Mr. Gunender Kapur (DIN: 01927304) For A Tenure Of 5 Years With Effect From September 01, 2026 And Redesignated As Founder, Managing Director & Chief Executive Officer Of The Company
- Board approved Gunender Kapur’s 5-year reappointment as Founder, MD & CEO from September 1, 2026.
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Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
- Subsidiary ordered to pay Rs. 2.68 crore and vacate Kolkata store; appeal planned.
Concalls
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Jul 2026Transcript PPT REC
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May 2026Transcript PPT REC
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Jan 2026Transcript PPT REC
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Nov 2025Transcript PPT REC
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Aug 2025Transcript PPT REC
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May 2025TranscriptPPT
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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).