Meesho Ltd
The Company is an app-based marketplace that is operated under the brand of Meesho that connects sellers and end consumers. Its offerings span categories including fashion, accessories, electronics, home and kitchen items, health, and fitness equipment, and office supplies.[1]
- Market Cap ₹ 68,983 Cr.
- Current Price ₹ 153
- High / Low ₹ 255 / 145
- Stock P/E
- Book Value ₹ 2.67
- Dividend Yield 0.00 %
- ROCE -8.85 %
- ROE -257 %
- Face Value ₹ 1.00
Pros
- Company has reduced debt.
- Company is almost debt free.
Cons
- Stock is trading at 57.3 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 16.8%
- Company has a low return on equity of -126% 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 E-Retail/ E-Commerce
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| 793 | 3,232 | 5,735 | 7,615 | 9,388 | |
| 1,328 | 6,598 | 7,533 | 8,100 | 9,943 | |
| Operating Profit | -536 | -3,366 | -1,799 | -485 | -555 |
| OPM % | -68% | -104% | -31% | -6% | -6% |
| 46 | 127 | 155 | 231 | -801 | |
| Interest | 0 | 0 | 1 | 6 | 7 |
| Depreciation | 9 | 9 | 30 | 58 | 34 |
| Profit before tax | -499 | -3,248 | -1,675 | -318 | -1,397 |
| Tax % | 0% | 0% | 0% | 0% | 178% |
| -499 | -3,248 | -1,675 | -318 | -3,883 | |
| EPS in Rs | -127.92 | -519.82 | -213.79 | -40.64 | -445.98 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 43% |
| TTM: | 23% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | -20% |
| TTM: | -1346% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | -180% |
| 3 Years: | -126% |
| Last Year: | -257% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Equity Capital | 4 | 6 | 8 | 0.00 | 0.27 |
| Reserves | 150 | 466 | 2,169 | 2,241 | 1,516 |
| 0 | 0 | 0 | 72 | 58 | |
| 586 | 2,143 | 1,376 | 1,854 | 5,683 | |
| Total Liabilities | 739 | 2,616 | 3,553 | 4,168 | 7,258 |
| 8 | 35 | 56 | 112 | 96 | |
| CWIP | 0 | 0 | 2 | 0 | 0 |
| Investments | 358 | 1,198 | 2,053 | 754 | 5,006 |
| 374 | 1,383 | 1,442 | 3,302 | 2,157 | |
| Total Assets | 739 | 2,616 | 3,553 | 4,168 | 7,258 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| -247 | -2,113 | -2,303 | 226 | 543 | |
| 278 | -907 | -1,289 | -171 | -2,648 | |
| -5 | 3,372 | 3,263 | -11 | 2,105 | |
| Net Cash Flow | 25 | 353 | -328 | 44 | 0 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|
| Debtor Days | 71 | 0 | 0 | 0 | 0 |
| Inventory Days | |||||
| Days Payable | |||||
| Cash Conversion Cycle | 71 | 0 | 0 | 0 | 0 |
| Working Capital Days | -131 | -145 | -59 | 20 | -165 |
| ROCE % | -1,038% | -126% | -15% | -9% |
Documents
Announcements
-
Shareholder Meeting / Postal Ballot-Scrutinizer"s Report
2d - Postal ballot Feb 12, 2026: ESOP 2024 amended, extended to subsidiaries; BMP & Co. appointed secretarial auditors.
-
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot
2d - Postal ballot passed Feb 12, 2026: ESOP 2024 amended and extended to subsidiaries; BMP & Co. appointed secretarial auditor.
-
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
10 Feb - Investor and analyst meetings at Axis Capital India conference in Mumbai on Feb 10, 2026, 14:30–15:20 and 16:30–17:20 IST.
- Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 10 Feb
- Announcement under Regulation 30 (LODR)-Earnings Call Transcript 4 Feb
Concalls
-
Feb 2026Transcript PPT REC
Business Overview[1]
It is a multi-sided technology e-commerce platform. The company operates its e-commerce marketplaceunder the brand name Meesho. It has emerged as one of India’s largest in terms of number of placed orders and annual transacting users. The company operates a low cost model and offers low cost unbranded products, regional brands and national brands at affordable prices. In FY25, the company had 1.83 billion orders placed. The company also owns **Valmo ** brand under its umbrella.