Vishal Mega Mart Ltd

₹ 84.5 -2.54%

30 Oct 4:01 p.m.

aboutvishal.com BSE: 544307 NSE: VMM F&O

About

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]

Key Points

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).

Website BSE NSE F&O

Market Cap ₹ 39,541 Cr.
Current Price ₹ 84.5
High / Low ₹ 147 / 84.2
Stock P/E 44.1
Book Value ₹ 16.8
Dividend Yield 0.00 %
ROCE 15.2 %
ROE 12.2 %
Face Value ₹ 10.0

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Pros

Company has delivered good profit growth of 48.0% CAGR over last 5 years

Cons

Stock is trading at 5.02 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 10.5% 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 Nifty Midcap 50 Nifty 200 BSE Consumer Discretionary BSE 150 MidCap Index BSE 250 LargeMidCap Index BSE 400 MidSmallCap Index Nifty LargeMidcap 250 Nifty 500 Multicap 50:25:25 Nifty Midcap 150 Nifty MidSmallcap 400 Nifty Total Market Nifty500 Shariah BSE 200 Equal Weight Nifty Non-Cyclical Consumer Nifty MidSmall India Consumption Nifty India New Age Consumption Nifty500 Equal Weight Nifty500 LargeMidSmall Equal-Cap Weighted BSE Select IPO BSE 1000 Nifty India FPI 150 Nifty MidSmallcap400 50:50

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Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	2,624	2,069	2,596	2,436	3,136	2,548	3,140	2,981	3,670	3,114	3,727	3,399
	2,197	1,818	2,231	2,134	2,631	2,191	2,681	2,587	3,065	2,689	3,182	2,986
Operating Profit	427	251	366	302	505	357	459	395	605	425	545	412
OPM %	16%	12%	14%	12%	16%	14%	15%	13%	16%	14%	15%	12%
	10	7	8	13	19	19	17	20	25	25	33	38
Interest	33	36	34	34	31	49	41	41	43	46	46	47
Depreciation	132	136	138	141	141	171	159	169	168	178	185	192
Profit before tax	272	85	201	141	352	156	276	204	419	225	346	211
Tax %	25%	28%	25%	26%	25%	26%	25%	25%	25%	25%	25%	25%
	205	61	150	104	263	115	206	152	313	168	259	158
EPS in Rs	0.46	0.14	0.33	0.23	0.58	0.25	0.44	0.33	0.67	0.36	0.55	0.34
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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	13,910
	4,635	3,827	4,763	6,542	7,635	9,153	10,988	11,923
Operating Profit	657	625	826	1,044	1,276	1,564	1,918	1,987
OPM %	12%	14%	15%	14%	14%	15%	15%	14%
	20	116	62	33	32	56	84	121
Interest	236	232	213	185	170	180	204	183
Depreciation	340	346	406	461	517	590	673	723
Profit before tax	101	163	270	431	621	849	1,125	1,202
Tax %	55%	27%	25%	25%	26%	26%	25%
	45	119	203	321	462	632	839	897
EPS in Rs	0.10	0.26	0.45	0.71	1.02	1.37	1.80	1.92
Dividend Payout %	0%	0%	0%	0%	0%	0%	0%

Compounded Sales Growth
10 Years:	%
5 Years:	24%
3 Years:	19%
TTM:	18%

Compounded Profit Growth
10 Years:	%
5 Years:	48%
3 Years:	39%
TTM:	22%

Stock Price CAGR
10 Years:	%
5 Years:	%
3 Years:	%
1 Year:	-42%

Return on Equity
10 Years:	%
5 Years:	9%
3 Years:	11%
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	Sep 2026
Equity Capital	4,366	4,484	4,503	4,507	4,509	4,597	4,673	4,685
Reserves	-143	105	322	650	1,113	1,804	2,740	3,211
	793	770	1,790	1,462	1,483	1,729	1,988	2,123
	2,377	2,547	1,603	1,671	1,401	1,862	2,048	2,623
Total Liabilities	7,392	7,905	8,218	8,289	8,506	9,993	11,449	12,642
	5,736	4,643	5,802	5,893	6,183	6,535	6,882	7,034
CWIP	20	11	11	69	38	14	34	46
Investments	87	547	417	35	0	387	1,119	1,888
	1,549	2,704	1,988	2,293	2,284	3,057	3,415	3,674
Total Assets	7,392	7,905	8,218	8,289	8,506	9,993	11,449	12,642

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/EBITDA Share of operating profit converting into cash: CFO (before tax) / Operating Profit	94%	172%	88%	73%	77%	105%	102%

Ratios

Consolidated / 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	-5
ROCE %		8%	8%	9%	11%	14%	15%

Insights

In beta

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Adjusted Same-Store Sales Growth (SSSG)
%

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Loyalty registered customers
million

Number of stores
count

Own brand revenue contribution
%

Retail trading area
million sq ft

Number of cities
count

Quick commerce registered users
million

Quick commerce stores with hyperlocal delivery
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
	76.02%	74.55%	54.22%	54.11%	54.09%	40.12%	40.09%	40.02%
	6.58%	7.03%	12.85%	15.40%	15.52%	22.01%	20.43%	18.75%
	9.90%	12.22%	27.31%	25.42%	25.47%	32.74%	34.80%	36.45%
	7.51%	6.20%	5.61%	5.08%	4.92%	5.13%	4.68%	4.77%
No. of Shareholders	9,33,227	7,39,867	6,62,906	6,74,200	6,52,352	6,41,309	6,25,567	6,43,004

	Mar 2025	Mar 2026	Sep 2026
	74.55%	40.12%	40.02%
	7.03%	22.01%	18.75%
	12.22%	32.74%	36.45%
	6.20%	5.13%	4.77%
No. of Shareholders	7,39,867	6,41,309	6,43,004

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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