MarketFriction

Vishal Mega Mart Ltd

NSE VMM · BSE 544307 · Diversified Retail
₹99.50 -1.49%
NSE close2026-10-01
52 week range98.00 - 152.18
Market cap₹48,863 Cr.
P/E54.8
IPO 2024 · +28% since Nifty 200Nifty 500Nifty Midcap 50Nifty Midcap 100Midcap 150 No price band Delivery 58.6%

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

Consolidated, Rs crore
Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales2,6242,0692,5962,4363,1362,5483,1402,9813,6703,1143,727
Expenses2,1971,8182,2312,1342,6312,1912,6812,5873,0652,6893,182
Operating Profit427251366302505357459395605425545
OPM %16%12%14%12%16%14%15%13%16%14%15%
Other Income10781319191720252533
Interest3336343431494141434646
Depreciation132136138141141171159169168178185
Profit before tax27285201141352156276204419225346
Tax %25%28%25%26%25%26%25%25%25%25%25%
Net Profit20561150104263115206152313168259
EPS in Rs0.460.140.330.230.580.250.440.330.670.360.55
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales5,2924,4525,5897,5868,91210,71612,90613,493
Expenses4,6353,8274,7636,5427,6359,15310,98811,524
Operating Profit6576258261,0441,2761,5641,9181,969
OPM %12%14%15%14%14%15%15%15%
Other Income201166233325684102
Interest236232213185170180204177
Depreciation340346406461517590673700
Profit before tax1011632704316218491,1251,195
Tax %55%27%25%25%26%26%25%
Net Profit45119203321462632839892
EPS in Rs0.100.260.450.711.021.371.801.91
Dividend Payout %0%0%0%0%0%0%0%
10 Years5 Years3 YearsTTM1 YearLast Year
Compounded Sales Growth%24%19%20%
Compounded Profit Growth%48%39%30%
Stock Price CAGR%%%-30%
Return on Equity%9%11%12%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital4,3664,4844,5034,5074,5094,5974,673
Reserves-1431053226501,1131,8042,740
Borrowings7937701,7901,4621,4831,7291,988
Other Liabilities2,3772,5471,6031,6711,4011,8622,048
Total Liabilities7,3927,9058,2188,2898,5069,99311,449
Fixed Assets5,7364,6435,8025,8936,1836,5356,882
CWIP20111169381434
Investments875474173503871,119
Other Assets1,5492,7041,9882,2932,2843,0573,415
Total Assets7,3927,9058,2188,2898,5069,99311,449
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity5571,0546576368301,3991,621
Cash from Investing Activity-149-69527177-130-610-988
Cash from Financing Activity-429-276-710-865-658-479-500
Net Cash Flow-2284-26-5241310133
Free Cash Flow3879505004175831,1381,299
CFO/OP94%172%88%73%77%105%102%
Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days0000121
Inventory Days10611011198838880
Days Payable10214413399697064
Cash Conversion Cycle4-34-22-0152017
Working Capital Days-17-38-40-161-3-5
ROCE %8%8%9%11%14%15%
Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters76.02%74.55%54.22%54.11%54.09%40.12%40.09%
FIIs6.58%7.03%12.85%15.40%15.52%22.01%20.43%
DIIs9.90%12.22%27.31%25.42%25.47%32.74%34.80%
Public7.51%6.20%5.61%5.08%4.92%5.13%4.68%
No. of Shareholders9,33,2277,39,8676,62,9066,74,2006,52,3526,41,3096,25,567

Fundamentals

Market Cap₹ 48,863 Cr.
Current Price₹ 104
Stock P/E54.8
Book Value₹ 15.9
ROCE15.2 %
ROE12.2 %
Dividend Yield0.00 %
Face Value₹ 10.0
Compounded Sales Growth (TTM)20%
Compounded Profit Growth (TTM)30%
Consolidated figures.
Valuation
Market capRs 44,841 Cr
Enterprise valueRs 46,133 Cr
P/E (TTM)50.27x
Price to book8.70x
Price to sales3.32x
EV / EBITDA22.27x
EV / EBIT33.63x
EV / sales3.42x
Price to cash flow70.56x
Earnings yield1.99%
Profitability
Operating margin (excl. other income)13.76%
Operating margin (incl. other income)14.19%
EBITDA margin15.35%
Pre-tax margin8.86%
Net profit margin6.61%
Net margin, latest quarter6.94%
ROE6.44%
ROCE9.30%
ROA3.89%
ROE, 3-year average4.48%
ROCE, 3-year average8.33%
ROA, 3-year average2.65%
ROIC (approx.)15.87%
Tax rate25.38%
Other income / net worth0.63%
Growth
Sales growth (latest year)35.74%
Profit growth (latest year)58.44%
Sales CAGR, 3 years12.75%
Profit CAGR, 3 years92.17%
Sales growth QoQ19.68%
Profit growth QoQ54.10%
Sales growth YoY (latest quarter)18.68%
Profit growth YoY (latest quarter)25.57%
Per share
EPS (TTM)Rs 1.98
EPS (latest year)Rs 0.71
EPS (latest quarter)Rs 0.57
EPS, 3-year averageRs 0.48
Book value per shareRs 11.44
Sales per shareRs 29.94
Cash flow per shareRs 1.41
Free cash flow per shareRs 2.88
Efficiency
Asset turnover0.92x
Fixed asset turnover1.29x
Inventory turnover3.84x
Inventory days95 days
Debtor days0 days
Debtors turnover1827.96x
Creditor days64 days
Cash conversion cycle17 days
Working capital days-5 days
Leverage
Total debtRs 1,462 Cr
Cash and bankRs 169 Cr
Net debtRs 1,292 Cr
Debt to equity0.28x
Net debt / EBITDA0.62x
Interest coverage7.76x
Current ratio (filing 2026-03-31)1.60x
Quick ratio (filing 2026-03-31)0.82x
Trade payables (filing 2026-03-31)Rs 1,619 Cr
Owners' fund to total sources62.20%
Debt to assets17.63%
Cash flow
Cash from Operating Activity (latest year)Rs 636 Cr
Cash from Investing Activity (latest year)Rs 177 Cr
Cash from Financing Activity (latest year)Rs -865 Cr
Net Cash Flow (latest year)Rs -52 Cr
Free cash flow (latest year)Rs 1,299 Cr
FCFE (approx.: FCF + change in debt)Rs 971 Cr
Cash from ops / profit, 5 years2.09x
Sales to cash flow11.94x
Statement figures
Net sales (TTM)Rs 13,493 Cr
Net sales (latest year)Rs 7,586 Cr
Sales (latest quarter)Rs 3,727 Cr
Operating profit excl. other income (latest year)Rs 1,044 Cr
Operating profit (latest quarter)Rs 545 Cr
Other income (TTM)Rs 102 Cr
EBITDA (TTM)Rs 2,072 Cr
PBDT (TTM)Rs 1,895 Cr
Profit before tax (TTM)Rs 1,195 Cr
Tax (latest year)Rs 109 Cr
Net profit (TTM)Rs 892 Cr
Net profit (latest year)Rs 321 Cr
Net profit (latest quarter)Rs 259 Cr
Depreciation (TTM)Rs 700 Cr
Depreciation (latest quarter)Rs 185 Cr
Interest (TTM)Rs 177 Cr
Cost of goods sold (latest year)Rs 5,729 Cr
Total expenditure (latest year)Rs 6,542 Cr
Total income (latest year)Rs 7,619 Cr
Share capitalRs 4,507 Cr
ReservesRs 650 Cr
Shareholders' fundsRs 5,156 Cr
Total assetsRs 8,289 Cr
Net blockRs 5,893 Cr
Capital work in progressRs 69 Cr
InvestmentsRs 35 Cr
ReceivablesRs 4 Cr
InventoryRs 1,491 Cr
Other liabilitiesRs 1,671 Cr
Shares outstanding (crore)450.66
Ownership
Promoter holding40.09% (-14.13 in a year)
Computed by MarketFriction from the consolidated statements. Returns use average balances.
Not enough history to build valuation bands (needs two years of profits and prices).
PeriodVMMNifty 50Difference
1 week-5.7%-2.8% -2.9 pts
1 month-6.6%-6.8% +0.2 pts
3 months-17.5%-7.6% -9.9 pts
6 months-5.5%+0.4% -5.9 pts
1 year-31.9%-9.9% -21.9 pts
223 mutual fund schemes hold about ₹16,551 Cr. Over three months 150 bought more and 48 sold (share counts, price move removed).
FundWeightEst. Cr3m shares
HDFC Mid Cap Fund2.31%2,502 +6%
Kotak Mid Cap Fund3.11%2,218 +23%
SBI Aggressive Hybrid Fund0.87%774 +10%
SBI Focused Fund1.51%774 +5%
HDFC Flexi Cap Fund0.57%646 +7%
HDFC Large Cap Fund1.36%545 +11%
Nippon India Multi Cap Fund0.84%472 +10%
HDFC Small Cap Fund1.08%454 +10%
HDFC Balanced Advantage Fund0.39%419 +13%
Axis ELSS-Tax Saver Fund1.24%406 +38%
Nippon India Large Cap Fund0.72%388 +12%
Nippon India Growth Mid Cap Fund0.74%386 +7%
Axis Midcap Fund1.08%371 -2%
Canara Rob Large and Mid Cap Fund1.25%330 +9%
SBI Multicap Fund1.22%299 +10%
DSP Midcap Fund1.26%264 +53%
Kotak Small Cap Fund1.18%232 +8%
Mirae Asset Midcap Fund1.11%231 +100%
PGIM India Midcap Fund1.66%186 +11%
SBI Balanced Advantage Fund0.44%185 +13%
Canara Rob Large Cap Fund1.04%178 +33%
Edelweiss Mid Cap Fund0.87%173 +1%
Canara Rob Flexi Cap Fund1.13%155 +18%
WOC Mid Cap Fund1.93%145 +35%
Axis Large & Mid Cap Fund0.74%129 +8%

Red flags

F-score 7 of 8
lookRegulator order or action Regulator order or action 2026-06-12: Vishal Mega Mart Limited has informed the Exchange about Action(s) taken or orders passed
lookAuditor change Auditor change 2026-05-14: Vishal Mega Mart Limited has informed the Exchange regarding Change in Auditors of the company.
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 ₹3,727 Cr +18.7% vs Jun 2025. Net profit ₹259 Cr +25.7%.

Activity

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No bulk or block deals on record.
No corporate actions on record.
DateTypeWhat it says
2026-09-19Director changeChange in Director(s) of the company.
2026-09-19Change in ManagementChange in Management
2026-09-19Shareholder meetingVoting results.
2026-09-18Shareholder meetingProceedings of Annual General Meeting held on September 18, 2026
2026-09-18Concall / analyst meetSchedule of meet
2026-09-11ResignationResignation of Director/KMP/SMP
2026-09-11Change in ManagementChange in Management
2026-09-10Concall / analyst meetSchedule of meet
2026-09-10Concall / analyst meetSchedule of meet
2026-09-09Concall / analyst meetSchedule of meet
2026-09-08Concall / analyst meetSchedule of meet
2026-09-02Credit RatingCredit Rating
2026-09-01General UpdatesGeneral Updates
2026-08-24General UpdatesLetter to Shareholders under Regulation 36(1)(b) of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
2026-08-24General UpdatesBusiness Responsibility & Sustainability Report of the Company for the Financial Year 2025-26
2026-08-24Shareholder meetingNotice of Annual General Meeting to be held on September 18, 2026
2026-08-21ESOPGrant of 46800000 Options.
2026-08-21Director changeChange in Director(s) of the company.
2026-08-21Change in ManagementChange in Management
2026-08-21ESOP grantOptions to purchase securities
2026-08-21Board meeting outcomeOutcome of Board Meeting held on August 21, 2026.
2026-08-17General UpdatesGeneral Updates
2026-08-13General UpdatesGeneral Updates
2026-08-12ESOPAllotment of 500000 Shares.
2026-07-28Concall / analyst meetTranscript
Company filings to NSE, newest first. Routine notices (trading window, newspaper copies) are left out. Click a row for the filing.
Put / call open interest0.54
Max pain (expiry 2026-10-27)100
Largest call open interest at110
Largest put open interest at100
Implied volatility, at the money32.9%
Underlying at snapshot99.50
Open interest by strike around the price, nearest expiry. End-of-day NSE snapshot, 01-Oct-2026 15:40:00. Max pain is the strike where option buyers together would lose the most at expiry.
Trade dateShares sold short
2026-09-2924,440
Short sales disclosed by brokers to NSE, by trade date. Collected since late September 2026.
Scrip PE is greater than 50 (4 trailing quarters)

Quick answers

What is the market cap of Vishal Mega Mart Ltd?

Vishal Mega Mart Ltd (VMM) has a market capitalisation of Rs 48,863 Cr. at the 2026-10-01 close.

What is the P/E ratio of Vishal Mega Mart Ltd?

Vishal Mega Mart Ltd trades at a P/E of 54.8 on trailing twelve-month profit, at the 2026-10-01 close.

What were Vishal Mega Mart Ltd's latest quarterly results?

In the Jun 2026 quarter, Vishal Mega Mart Ltd sales was Rs 3,727 Cr (+18.7% vs Jun 2025) and net profit was Rs 259 Cr.

What is the 52-week high and low of Vishal Mega Mart Ltd?

The 52-week high is Rs 152.18 and the 52-week low is Rs 98.00.

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