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 ₹ 62,159 Cr.
- Current Price ₹ 134
- High / Low ₹ 158 / 96.0
- Stock P/E 84.4
- 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 9.07 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 Nifty 500 BSE MidCap Nifty Midcap 100 BSE IPO
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 | 11,806 | |
| 4,635 | 3,826 | 4,763 | 6,542 | 7,635 | 9,153 | 10,090 | |
| Operating Profit | 657 | 626 | 826 | 1,044 | 1,276 | 1,564 | 1,716 |
| OPM % | 12% | 14% | 15% | 14% | 14% | 15% | 15% |
| 20 | 115 | 62 | 33 | 32 | 56 | 75 | |
| Interest | 236 | 232 | 213 | 185 | 170 | 180 | 163 |
| Depreciation | 340 | 395 | 406 | 461 | 517 | 590 | 640 |
| Profit before tax | 101 | 114 | 270 | 431 | 621 | 849 | 988 |
| Tax % | 55% | 28% | 25% | 25% | 26% | 26% | |
| 45 | 82 | 203 | 321 | 462 | 632 | 736 | |
| EPS in Rs | 0.10 | 0.18 | 0.45 | 0.71 | 1.02 | 1.37 | 1.60 |
| 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: | 41% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| 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% |
Documents
Announcements
-
Announcement under Regulation 30 (LODR)-Earnings Call Transcript
19 Nov - Transcript of Earnings Conference Call on results of the Company for the quarter and half year ended September 30, 2025
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
18 Nov - Newspaper Publication - Postal Ballot Notice and E-voting information to Members
- Shareholder Meeting / Postal Ballot-Notice of Postal Ballot 17 Nov
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
14 Nov - Vishal Mega Mart published earnings conference call audio for quarter and half-year ended Sep 30, 2025.
-
Announcement under Regulation 30 (LODR)-Newspaper Publication
14 Nov - Newspaper Publication - Financial Results for the quarter and half year ended September 30, 2025
Concalls
-
Nov 2025Transcript PPT REC
-
Aug 2025Transcript PPT REC
-
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.