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 ₹ 60,318 Cr.
- Current Price ₹ 130
- High / Low ₹ 135 / 96.0
- Stock P/E 95.4
- Book Value ₹ 13.9
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 10.5 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 72.9% CAGR over last 5 years
Cons
- Stock is trading at 9.36 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 8.53% 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
Consumer Discretionary Consumer Services Retailing Diversified Retail
Part of Nifty 500 BSE MidCap Nifty Midcap 100 BSE IPO Nifty 200
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 5,292 | 4,452 | 5,589 | 7,586 | 8,912 | 10,716 | |
| 4,635 | 3,826 | 4,763 | 6,542 | 7,635 | 9,186 | |
| Operating Profit | 657 | 626 | 826 | 1,044 | 1,276 | 1,530 |
| OPM % | 12% | 14% | 15% | 14% | 14% | 14% |
| 20 | 115 | 62 | 33 | 32 | 59 | |
| Interest | 236 | 232 | 213 | 185 | 170 | 149 |
| Depreciation | 340 | 395 | 406 | 461 | 517 | 590 |
| Profit before tax | 101 | 114 | 270 | 431 | 621 | 849 |
| Tax % | 55% | 28% | 25% | 25% | 26% | 26% |
| 45 | 82 | 203 | 321 | 462 | 632 | |
| EPS in Rs | 0.10 | 0.18 | 0.45 | 0.71 | 1.02 | 1.37 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 24% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 73% |
| 3 Years: | 47% |
| TTM: | 39% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 9% |
| Last Year: | 11% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | -143 | 18 | 322 | 650 | 1,113 | 1,804 |
| 793 | 770 | 1,790 | 1,462 | 1,483 | 1,729 | |
| 2,377 | 2,563 | 1,603 | 1,671 | 1,401 | 1,862 | |
| Total Liabilities | 7,392 | 7,835 | 8,218 | 8,289 | 8,506 | 9,993 |
| 5,736 | 5,723 | 5,802 | 5,893 | 6,183 | 6,535 | |
| CWIP | 20 | 11 | 11 | 69 | 38 | 14 |
| Investments | 87 | 547 | 417 | 35 | 0 | 387 |
| 1,549 | 1,555 | 1,988 | 2,293 | 2,284 | 3,057 | |
| Total Assets | 7,392 | 7,835 | 8,218 | 8,289 | 8,506 | 9,993 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| 557 | 1,054 | 657 | 636 | 830 | 1,399 | |
| -149 | -695 | 27 | 177 | -130 | -610 | |
| -429 | -276 | -710 | -865 | -658 | -479 | |
| Net Cash Flow | -22 | 84 | -26 | -52 | 41 | 310 |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 1 | 2 |
| Inventory Days | 106 | 110 | 111 | 98 | 83 | 88 |
| Days Payable | 102 | 144 | 133 | 99 | 69 | 70 |
| Cash Conversion Cycle | 4 | -34 | -22 | -0 | 15 | 20 |
| Working Capital Days | -17 | -50 | -7 | 7 | 20 | 28 |
| ROCE % | 7% | 8% | 9% | 11% | 13% |
Documents
Announcements
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
2h - Subsidiary fined Rs. 2 lakh for food safety violation; no material operational impact expected.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
1d - Scheduled analyst/investor meetings on June 12-13, 2025, in Singapore; no price sensitive info to be shared.
-
Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
6 Jun - Of allotment of 2,31,16,500 Equity Shares pursuant to exercise of stock options
-
Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015
5 Jun - Court imposed Rs. 2.75 lakh penalty for food safety violation on Vishal Mega Mart and subsidiary.
-
Announcement under Regulation 30 (LODR)-Credit Rating
3 Jun - India Ratings affirms Vishal Mega Mart's credit ratings with IND AA/Positive and IND A1+.
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.