MarketFriction

V-Mart Retail Ltd

NSE VMART · BSE 534976 · Diversified Retail
₹746.10 -1.01%
NSE close2026-10-01
52 week range457.90 - 888.00
Market cap₹6,048 Cr.
P/E43.6
IPO 2013 · +1321% since Microcap 250 Price band 20% Delivery 45.4%

Price

Drag to pan, scroll or pinch to zoom. Ruler (or Shift + drag) measures a move.Dashed lines: 52 week high and low. Prices adjusted for splits and bonuses.

Financials

Standalone, Rs crore
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales5498896697866611,0277808858071,1269711,089
Expenses549769628687622855712759735917865928
Operating Profit11204099391716812672210106161
OPM %0.1%13%6%13%6%17%9%14%9%19%11%15%
Other Income21345232733263
Interest363836373942171817211920
Depreciation535861575963546871788084
Profit before tax-8637-529-58702343-141131360
Tax %-26%23%-25%-30%-3%-3%19%22%-35%22%10%21%
Net Profit-6428-3912-57721934-9881147
EPS in Rs-8.113.57-4.921.53-7.149.042.344.23-1.1211.081.425.93
Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales8091,0021,2221,4341,6621,0751,6662,4652,7863,2543,7893,993
Expenses7479171,0901,3011,4489441,4622,1962,5702,8743,2763,445
Operating Profit6285133133214131204269215380514548
OPM %8%8%11%9%13%12%12%11%8%12%14%14%
Other Income244-4421141519341414
Interest34225559771171421367577
Depreciation1919232894103131180222233297313
Profit before tax426711210070-1010-13-13044155171
Tax %35%34%31%38%29%-36%-12%-40%-26%-4%20%
Net Profit2844786249-612-8-9746124138
EPS in Rs3.826.0710.738.506.80-0.791.47-0.99-12.235.7815.6117.31
Dividend Payout %8%5%5%5%0%0%13%0%0%0%6%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth17%29%15%19%
Compounded Profit Growth17%83%144%161%
Stock Price CAGR20%-3%16%8%
Return on Equity5%1%2%14%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital181818181818202020202079
Reserves187213252329391441806830829727790872
Borrowings312736105175689021,3321,391783958
Other Liabilities93126185202222248234348562707844871
Total Liabilities3293834915506321,2241,6272,0992,7432,8452,4362,780
Fixed Assets981101171451656676971,1111,4451,6611,0391,366
CWIP12144226109448
Investments2232723461831912595518
Other Assets2082383003684025466098571,1791,1761,3881,387
Total Assets3293834915506321,2241,6272,0992,7432,8452,4362,780
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity404669587686149-11177386349501
Cash from Investing Activity-19-37-73-8-731-419124-159-118-122-174
Cash from Financing Activity-20-105-38-4-94287-104-33-259-215-346
Net Cash Flow1-1111-1-8178-15912-20
Free Cash Flow62027103632109-161-101263225337
CFO/OP89%98%110%72%82%52%116%0%72%180%92%102%
Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days000000000000
Inventory Days132131140135124155216224199163169145
Days Payable54618373566497971121278872
Cash Conversion Cycle78705762689111912687368173
Working Capital Days3732223836419476381411
ROCE %26%18%25%35%29%18%4%5%5%1%8%13%
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters44.34%44.34%44.34%44.34%44.32%44.29%44.28%44.19%44.18%44.15%44.20%44.15%
FIIs14.28%14.32%15.32%15.46%16.02%17.32%17.48%18.29%17.46%17.01%16.92%16.47%
DIIs32.64%34.00%33.99%32.62%32.79%32.45%32.93%31.51%32.11%32.46%31.87%30.90%
Public8.75%7.35%6.37%7.59%6.89%5.94%5.33%6.02%6.26%6.38%7.02%8.48%
No. of Shareholders25,60325,26822,47118,02320,67429,86918,13723,90126,76324,90330,02731,182

Fundamentals

Market Cap₹ 6,048 Cr.
Current Price₹ 760
Stock P/E43.6
Book Value₹ 120
ROCE13.2 %
ROE14.2 %
Dividend Yield0.13 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)19%
Compounded Profit Growth (TTM)161%
Standalone figures.
Valuation
Market capRs 5,928 Cr
Enterprise valueRs 6,866 Cr
P/E (TTM)43.08x
Price to book6.23x
Price to sales1.48x
EV / EBITDA12.23x
EV / EBIT27.64x
EV / sales1.72x
Price to cash flow11.84x
Earnings yield2.32%
Dividend yield0.13%
P/E, 3-year average31.03x
P/B, 3-year average2.40x
P/E, 5-year average76.77x
P/B, 5-year average2.15x
Profitability
Operating margin (excl. other income)13.56%
Operating margin (incl. other income)13.92%
EBITDA margin14.06%
Pre-tax margin4.29%
Net profit margin3.45%
Net margin, latest quarter4.34%
ROE14.08%
ROCE13.15%
ROA4.75%
ROE, 3-year average2.61%
ROCE, 3-year average7.79%
ROA, 3-year average1.01%
ROE, 5-year average1.66%
ROCE, 5-year average6.85%
ROA, 5-year average0.67%
ROIC (approx.)10.53%
Tax rate19.89%
Other income / net worth1.43%
Growth
Sales growth (latest year)16.46%
Profit growth (latest year)170.92%
Sales CAGR, 3 years15.41%
Sales CAGR, 5 years28.65%
Sales growth QoQ12.15%
Profit growth QoQ318.53%
Sales growth YoY (latest quarter)23.00%
Profit growth YoY (latest quarter)40.51%
Per share
EPS (TTM)Rs 17.32
EPS (latest year)Rs 15.61
EPS (latest quarter)Rs 5.94
EPS, 3-year averageRs -3.40
EPS, 5-year averageRs -1.66
Book value per shareRs 119.70
Sales per shareRs 502.52
Cash flow per shareRs 62.99
Free cash flow per shareRs 42.41
Dividend per share (latest year)Rs 1.00
Dividend per share, 3-year averageRs 1.00
Dividend per share, 5-year averageRs 0.88
Dividends
Dividend payout6.41%
Dividend payout, 3-year average6.41%
Dividend payout, 5-year average9.56%
Efficiency
Asset turnover1.36x
Fixed asset turnover2.77x
Inventory turnover2.72x
Inventory days134 days
Creditor days72 days
Cash conversion cycle73 days
Working capital days1 days
Leverage
Total debtRs 958 Cr
Cash and bankRs 20 Cr
Net debtRs 938 Cr
Debt to equity1.01x
Net debt / EBITDA1.67x
Interest coverage3.22x
Current ratio (filing 2026-03-31)1.04x
Quick ratio (filing 2026-03-31)0.21x
Trade payables (filing 2026-03-31)Rs 491 Cr
Owners' fund to total sources34.21%
Debt to assets34.45%
Cash flow
Cash from Operating Activity (latest year)Rs 501 Cr
Cash from Investing Activity (latest year)Rs -174 Cr
Cash from Financing Activity (latest year)Rs -346 Cr
Net Cash Flow (latest year)Rs -20 Cr
Free cash flow (latest year)Rs 337 Cr
FCFE (approx.: FCF + change in debt)Rs 512 Cr
Cash from ops / profit, 5 years18.21x
Sales to cash flow7.57x
Statement figures
Net sales (TTM)Rs 3,993 Cr
Net sales (latest year)Rs 3,789 Cr
Sales (latest quarter)Rs 1,089 Cr
Operating profit excl. other income (latest year)Rs 514 Cr
Operating profit (latest quarter)Rs 161 Cr
Other income (TTM)Rs 14 Cr
EBITDA (TTM)Rs 562 Cr
PBDT (TTM)Rs 484 Cr
Profit before tax (TTM)Rs 171 Cr
Tax (latest year)Rs 31 Cr
Net profit (TTM)Rs 138 Cr
Net profit (latest year)Rs 124 Cr
Net profit (latest quarter)Rs 47 Cr
Depreciation (TTM)Rs 313 Cr
Depreciation (latest quarter)Rs 84 Cr
Interest (TTM)Rs 77 Cr
Cost of goods sold (latest year)Rs 2,682 Cr
Total expenditure (latest year)Rs 3,276 Cr
Total income (latest year)Rs 3,803 Cr
Share capitalRs 79 Cr
ReservesRs 872 Cr
Shareholders' fundsRs 951 Cr
Total assetsRs 2,780 Cr
Net blockRs 1,366 Cr
Capital work in progressRs 8 Cr
InvestmentsRs 18 Cr
InventoryRs 988 Cr
Other liabilitiesRs 871 Cr
Shares outstanding (crore)7.95
Ownership
Promoter holding44.15% (-0.04 in a year)
Computed by MarketFriction from the standalone statements. Returns use average balances.
P/E 43.1 is at the 6th percentile of its own 5.8-year range (median 66.3, low 28.9, high 370.3).
P/B 6.23 is at the 19th percentile (median 8.42).
Monthly. Market cap from split-adjusted price; profit and book value as reported by that month. A low percentile means cheap versus its own history, not cheap versus peers.
PeriodVMARTNifty 50Difference
1 week-3.6%-2.8% -0.8 pts
1 month-12.3%-6.8% -5.5 pts
3 months-6.5%-7.6% +1.1 pts
6 months+56.3%+0.4% +55.9 pts
1 year+3.3%-9.9% +13.2 pts
2 years-25.2%-13.6% -11.6 pts
3 years+51.3%+14.2% +37.1 pts
5 years-18.3%+27.9% -46.2 pts
35 mutual fund schemes hold about ₹2,008 Cr. Over three months 32 bought more and 1 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
SBI Multicap Fund1.38%339 +12%
Kotak Small Cap Fund1.51%298 +11%
Motilal Oswal Small Cap Fund2.29%187 +8%
Bandhan Value Fund1.69%169 +16%
Canara Rob Small Cap Fund1.14%167 +11%
Franklin India Small Cap Fund1.01%148 -10%
Invesco India Contra Fund0.51%105 +13%
Bandhan Flexi Cap Fund1.34%100 +14%
Edelweiss Small Cap Fund1.36%99 +6%
ICICI Pru ELSS-Tax Saver Fund0.67%96 +9%
UTI Small Cap Fund1.13%60 +11%
Bandhan Multi Cap Fund1.52%47 +14%
Templeton India Value Fund1.37%27 +21%
Bandhan ELSS-Tax Saver Fund0.36%25 +15%
SBI Multi Asset Allocation Fund(A0.12%24 +8%
Bajaj Finserv Small Cap Fund0.78%21 -3%
Bandhan Multi Asset Allocation Fund0.50%19 +8%
Aditya Birla SL ESG Integration Strategy Fund2.42%14 +13%
ICICI Pru Retirement Fund-Hybrid Aggressive Plan1.10%14 +91%
UTI India Consumer Fund1.38%10 +9%
Motilal Oswal Nifty Microcap 250 Index Fund0.39%10 +9%
Altiva Equity Ex-Top 100 Long-Short Fund0.93%9 +15%
Union Value Fund1.56%6 +15%
ICICI Pru Aggressive Hybrid Fund(A0.01%4 +100%
Kotak ESG Exclusionary Strategy Fund0.52%4 +17%

Red flags

F-score 7 of 8
No red flags in the latest statements and filings.
Checks on the latest reported years: cash vs profit, accruals, receivables and inventory vs sales, dilution, debt, interest cover, equity, other income, losses, and auditor, top-management, insolvency and regulator filings in the last 12 months. A flag asks for an explanation; it is not a verdict.

Latest quarter

Jun 2026
Sales ₹1,089 Cr +23.1% vs Jun 2025. Net profit ₹47 Cr +38.2%.

Activity

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No bulk or block deals on record.
Ex-dateActionFactor
2026-07-17Dividend - Re 1 Per Share
2025-06-23Bonus 3:10.2500
2024-07-24Annual General Meeting
2023-09-08Annual General Meeting
2022-08-18Dividend - Rs 0.75 Per Share
2022-08-18Annual General Meeting
2021-08-17 Annual General Meeting
2020-09-22 Annual General Meeting
2019-07-24 Annual General Meeting/Dividend - Rs 1.70 Per Share
2018-06-20 Annual General Meeting/Dividend- Rs 2 Per Share
2017-09-08 Annual General Meeting/Dividend - Re 1.25 Per Share
2016-09-20 Annual General Meeting/ Dividend - Re 0.10/- Per Share
2016-03-28 Interim Dividend - Rs 1.15/- Per Share (Purpose Revised)
2015-09-21 Annual General Meeting/ Dividend - Rs 1.50/- Per Share
2014-09-17Annual General Meeting / Dividend - Re 1/- Per Share
2013-09-23Annual General Meeting / Dividend - Re 1/- Per Share
DateTypeWhat it says
2026-10-01General UpdatesBusiness Update at the end of Quarter 2 of Financial Year 2026-27 (Q2FY27)
2026-09-25Concall / analyst meetSchedule of meet
2026-08-24Volume querySignificant increase in volume has been observed in V-Mart Retail Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-08-21Volume querySignificant increase in volume has been observed in V-Mart Retail Limited. The Exchange, in order to ensure that investors have latest relevant inform...
2026-08-13General UpdatesThe Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015
2026-08-11Press ReleaseA press release dated August 11, 2026, titled "V-Mart Retail launches Its 600th Store".
2026-08-07Concall / analyst meetSchedule of meet
2026-08-04Concall / analyst meetSchedule of meet
2026-08-03Concall / analyst meetSchedule of meet
2026-07-30Shareholder meetingVoting results.
2026-07-30General UpdatesRecording of 24th Annual General Meeting of the Company
2026-07-30Shareholder meetingProceedings of Annual General Meeting held on July 30, 2026
2026-07-30Concall / analyst meetTranscript
2026-07-28Concall / analyst meetLink of Recording
2026-07-27General UpdatesGeneral Updates
2026-07-24Investor PresentationInvestor Presentation
2026-07-24Press ReleaseA press release dated July 24, 2026, titled "V-Mart delivers strong Q1 FY27 performance with 23% revenue growth, and 41% PAT growth YoY.".
2026-07-24ESOP grantOptions to purchase securities
2026-07-24AppointmentAppointment of Suraj Rathor as Head of Finance (Senior Management Personnel) of the company w.e.f. July 24, 2026.
2026-07-24Board meeting outcomeV-Mart Retail Limited has submitted to the Exchange, the financial results for the period ended Jun 30, 2026.
2026-07-22General UpdatesGeneral Updates
2026-07-20Concall / analyst meetSchedule of meet
2026-07-15ResignationResignation of Director/KMP/SMP
2026-07-15CessationCessation of Mr Vineet Jain as Other of the company w.e.f. July 15, 2026.
2026-07-09Record DateRecord date for the purpose of Dividend is 17-Jul-2026.
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
No short selling reported to NSE in our files.
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Not on any NSE surveillance list in the latest file.

Quick answers

What is the market cap of V-Mart Retail Ltd?

V-Mart Retail Ltd (VMART) has a market capitalisation of Rs 6,048 Cr. at the 2026-10-01 close.

What is the P/E ratio of V-Mart Retail Ltd?

V-Mart Retail Ltd trades at a P/E of 43.6 on trailing twelve-month profit, at the 2026-10-01 close.

What were V-Mart Retail Ltd's latest quarterly results?

In the Jun 2026 quarter, V-Mart Retail Ltd sales was Rs 1,089 Cr (+23.1% vs Jun 2025) and net profit was Rs 47 Cr.

What is the 52-week high and low of V-Mart Retail Ltd?

The 52-week high is Rs 888.00 and the 52-week low is Rs 457.90.

Data: NSE and BSE daily reports, company filings. Numbers only, not investment advice, not a SEBI-registered research service.AboutMethodologyFAQResearchContactTermsPrivacyDisclaimerUpdated 2026-10-03