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 ₹ 58,856 Cr.
- Current Price ₹ 126
- High / Low ₹ 158 / 96.0
- Stock P/E 74.8
- 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 8.53 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: | 17% |
| 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
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Announcement under Regulation 30 (LODR)-Earnings Call Transcript
9h - Transcript of Earning Conference Call on results of the Company for the quarter and nine months ended December 31, 2025
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
2d - Audio recording of earnings conference call on results for quarter and nine months ended December 31, 2025 available online.
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Announcement under Regulation 30 (LODR)-Newspaper Publication
2d - Newspaper Publication - Financial Results for the quarter and nine month ended December 31, 2025
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Announcement under Regulation 30 (LODR)-Investor Presentation
27 Jan - Earnings Presentation on unaudited Financial Results for the quarter and nine months ended December 31, 2025
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Announcement under Regulation 30 (LODR)-Press Release / Media Release
27 Jan - Q3 revenue ₹36,704m (+17%), PAT ₹3,129m (+19.1%), 771 stores; 9MF revenue ₹97,922m (+19.9%).
Concalls
-
Jan 2026Transcript PPT
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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).