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 54.3
- Book Value ₹ 15.9
- Dividend Yield 0.00 %
- ROCE 14.8 %
- ROE 12.2 %
- Face Value ₹ 10.0
Pros
- Company has delivered good profit growth of 47.9% CAGR over last 5 years
Cons
- Stock is trading at 6.52 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 10.4% 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.
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 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 5,292 | 4,452 | 5,589 | 7,586 | 8,912 | 10,716 | 12,906 | 13,493 | |
| 4,635 | 3,827 | 4,763 | 6,542 | 7,635 | 9,153 | 11,023 | 11,524 | |
| Operating Profit | 657 | 625 | 826 | 1,044 | 1,276 | 1,564 | 1,884 | 1,969 |
| OPM % | 12% | 14% | 15% | 14% | 14% | 15% | 15% | 15% |
| 20 | 116 | 62 | 33 | 32 | 56 | 86 | 102 | |
| Interest | 236 | 232 | 213 | 185 | 170 | 180 | 171 | 177 |
| Depreciation | 340 | 346 | 406 | 461 | 517 | 590 | 673 | 700 |
| Profit before tax | 101 | 163 | 270 | 431 | 621 | 849 | 1,125 | 1,195 |
| Tax % | 55% | 27% | 25% | 25% | 26% | 26% | 25% | |
| 45 | 119 | 203 | 321 | 462 | 632 | 839 | 892 | |
| EPS in Rs | 0.10 | 0.26 | 0.45 | 0.71 | 1.02 | 1.37 | 1.80 | 1.91 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 24% |
| 3 Years: | 19% |
| TTM: | 20% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | 48% |
| 3 Years: | 39% |
| TTM: | 30% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | -31% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 9% |
| 3 Years: | 10% |
| Last Year: | 12% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | -143 | 105 | 322 | 650 | 1,113 | 1,804 | 2,740 |
| 793 | 770 | 1,790 | 1,462 | 1,483 | 1,729 | 1,988 | |
| 2,377 | 2,547 | 1,603 | 1,671 | 1,401 | 1,862 | 2,048 | |
| Total Liabilities | 7,392 | 7,905 | 8,218 | 8,289 | 8,506 | 9,993 | 11,449 |
| 5,736 | 4,643 | 5,802 | 5,893 | 6,183 | 6,535 | 6,882 | |
| CWIP | 20 | 11 | 11 | 69 | 38 | 14 | 34 |
| Investments | 87 | 547 | 417 | 35 | 0 | 387 | 1,119 |
| 1,549 | 2,704 | 1,988 | 2,293 | 2,284 | 3,057 | 3,415 | |
| Total Assets | 7,392 | 7,905 | 8,218 | 8,289 | 8,506 | 9,993 | 11,449 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| 557 | 1,054 | 657 | 636 | 830 | 1,399 | 1,621 | |
| -149 | -695 | 27 | 177 | -130 | -610 | -988 | |
| -429 | -276 | -710 | -865 | -658 | -479 | -500 | |
| Net Cash Flow | -22 | 84 | -26 | -52 | 41 | 310 | 133 |
| Free Cash Flow | 387 | 950 | 500 | 417 | 583 | 1,138 | 1,299 |
| CFO/OP | 94% | 172% | 88% | 73% | 77% | 105% | 103% |
Ratios
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 | 1 | 2 | 1 |
| Inventory Days | 106 | 110 | 111 | 98 | 83 | 88 | 80 |
| Days Payable | 102 | 144 | 133 | 99 | 69 | 70 | 64 |
| Cash Conversion Cycle | 4 | -34 | -22 | -0 | 15 | 20 | 17 |
| Working Capital Days | -17 | -38 | -40 | -16 | 1 | -3 | 27 |
| ROCE % | 8% | 8% | 9% | 11% | 13% | 15% |
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).