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 ₹ 48,021 Cr.
- Current Price ₹ 103
- High / Low ₹ 158 / 96.3
- Stock P/E 61.1
- Book Value ₹ 14.8
- Dividend Yield 0.00 %
- ROCE 13.1 %
- ROE 10.1 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 71.6% CAGR over last 5 years
Cons
- Stock is trading at 6.96 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 8.39% 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 BSE 500 BSE 200 BSE Dollex 200 Nifty 500 Nifty Midcap 100
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 | TTM | |
|---|---|---|---|---|---|---|---|
| 5,292 | 4,452 | 5,589 | 7,586 | 8,912 | 10,716 | 12,340 | |
| 4,635 | 3,826 | 4,763 | 6,542 | 7,635 | 9,153 | 10,524 | |
| Operating Profit | 657 | 626 | 826 | 1,044 | 1,276 | 1,564 | 1,816 |
| OPM % | 12% | 14% | 15% | 14% | 14% | 15% | 15% |
| 20 | 115 | 62 | 33 | 32 | 56 | 80 | |
| Interest | 236 | 232 | 213 | 185 | 170 | 180 | 174 |
| Depreciation | 340 | 395 | 406 | 461 | 517 | 590 | 667 |
| Profit before tax | 101 | 114 | 270 | 431 | 621 | 849 | 1,055 |
| Tax % | 55% | 28% | 25% | 25% | 26% | 26% | |
| 45 | 82 | 203 | 321 | 462 | 632 | 786 | |
| EPS in Rs | 0.10 | 0.18 | 0.45 | 0.71 | 1.02 | 1.37 | 1.69 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 15% |
| 3 Years: | 24% |
| TTM: | 21% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 72% |
| 3 Years: | 45% |
| TTM: | 36% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | 3% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 7% |
| 3 Years: | 8% |
| Last Year: | 10% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 4,366 | 4,484 | 4,503 | 4,507 | 4,509 | 4,597 | 4,671 |
| Reserves | -143 | 18 | 322 | 650 | 1,113 | 1,804 | 2,227 |
| 793 | 770 | 1,790 | 1,462 | 1,483 | 1,729 | 1,871 | |
| 2,377 | 2,563 | 1,603 | 1,671 | 1,401 | 1,862 | 2,295 | |
| Total Liabilities | 7,392 | 7,835 | 8,218 | 8,289 | 8,506 | 9,993 | 11,064 |
| 5,736 | 5,723 | 5,802 | 5,893 | 6,183 | 6,535 | 6,697 | |
| CWIP | 20 | 11 | 11 | 69 | 38 | 14 | 35 |
| Investments | 87 | 547 | 417 | 35 | 0 | 387 | 964 |
| 1,549 | 1,555 | 1,988 | 2,293 | 2,284 | 3,057 | 3,368 | |
| Total Assets | 7,392 | 7,835 | 8,218 | 8,289 | 8,506 | 9,993 | 11,064 |
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 | -40 | -16 | 1 | -3 |
| ROCE % | 7% | 8% | 9% | 11% | 13% |
Insights
In beta| Mar 2017 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Number of Stores Number |
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| Registered Loyalty Customers Millions |
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| Adjusted Same Store Sales Growth (SSSG) % |
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| Contribution from Apparel Category % |
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| Own Brand Revenue Share % |
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| Retail Space / Trading Area Million Sq. Ft. |
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Documents
Announcements
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Announcement under Regulation 30 (LODR)-Change in Management
1d - VP Legal Kuldeep Sharma resigned effective March 11, 2026; Sambit Swain to oversee legal and compliance.
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Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS
6 Mar - Of exercise of 1,15,000 Stock options and consequent allotment of 1,15,000 Equity Shares under Vishal Mega Mart Employees Stock Options Plan 2019
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Disclosures under Reg. 29(2) of SEBI (SAST) Regulations, 2011
4 Mar - HDFC Mutual Fund stake rose from 5.94% to 8.81% (2.90%) in Vishal Mega Mart on Feb 27, 2026.
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Announcement under Regulation 30 (LODR)-Change in Management
3 Mar - Appointed Vineet Saksena as Senior Vice President - FMCG effective March 03, 2026.
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Intimation Of Grant Of 5,00,000 Stock Options Under Vishal Mega Mart Employees Stock Options Plan 2019
3 Mar - Grant of 500,000 stock options at Rs.117 each on March 2, 2026 under Vishal Mega Mart ESOP 2019.
Concalls
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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).