---
title: "Meesho Ltd (MEESHO) — Share Price, Financials & Analysis"
symbol: "MEESHO"
company: "Meesho Ltd"
canonical: "https://tapetide.com/stocks/MEESHO"
isin: "INE0VDM01015"
nse_symbol: "MEESHO"
bse_code: "544632"
sector: "Retail"
industry: "Ecommerce"
market_cap_cr: 100302.75
generated_at: "2026-09-13T19:17:34.579Z"
---

# Meesho Ltd (MEESHO)

Canonical page: https://tapetide.com/stocks/MEESHO

## Company

- **NSE Symbol:** MEESHO
- **BSE Code:** 544632
- **ISIN:** INE0VDM01015
- **Sector:** Retail
- **Industry:** Ecommerce
- **Macro Sector:** Consumer Discretionary
- **Stock Type:** EQUITY
- **Listed Since:** 2025-12-10
- **Face Value:** ₹1
- **F&O Eligible:** No
- **Website:** meesho.com

## About

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]

## Latest Price

- **Price:** ₹217.08
- **Change:** -0.83 (-0.38%)
- **Open:** ₹215
- **Day High:** ₹223.1
- **Day Low:** ₹214.5
- **Previous Close:** ₹217.91
- **Volume:** 27172498
- **As Of:** 2026-09-11T10:26:42+00:00

## Key Fundamentals

Observed at 2026-09-11T04:47:40.744224Z.

- **Market Cap:** ₹100302.75 Cr
- **Classification:** Midcap
- **P/E (reported):** -83.8
- **EPS (TTM):** ₹-3.85
- **Book Value:** ₹9.49
- **Price to Book:** 22.95
- **Dividend Yield:** 0%
- **ROE:** -30.95%
- **ROCE:** -26.98%
- **Debt to Equity:** 0.01
- **Revenue (yearly):** ₹13099.1 Cr
- **Net Income:** ₹-1357.7 Cr
- **EBITDA:** ₹-1012.4 Cr
- **52-Week High:** ₹254.4
- **52-Week Low:** ₹125.56
- **RSI (14):** 71.7

## Key Insights

### Strengths

- Company is almost debt free.

### Weaknesses

- Stock is trading at 22.6 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 16.4%
- Company has a low return on equity of -62.5% over last 3 years.

## Growth Rates

| Metric | QoQ | 1Y | 3Y |
| --- | --- | --- | --- |
| cash flow growth | — | -818.49% | — |
| ebitda margin growth | 20.13% | — | 143.08% |
| net income growth | 20.19% | -65.56% | 6% |
| revenue growth | 4.92% | 32.3% | 30% |
| roce | -17.12% | -71.88% | 93.41% |
| roe | -20.14% | -88.65% | -106.11% |

## Financial Statements

### Quarterly Results

All figures in ₹ crore unless the row name says otherwise.

| Item | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- | --- | --- | --- | --- |
| Sales | 2679 | 2400 | 2504 | 3074 | 3518 | 3531 | 3713 |
| Expenses | 2809 | 2631 | 2768 | 3530 | 4056 | 3786 | 3937 |
| Operating Profit | -131 | -231 | -264 | -456 | -539 | -255 | -225 |
| OPM % | -4.9 | -10 | -11 | -15 | -15 | -7 | -6 |
| Other Income | 160 | -1158 | 34 | 136 | 75 | 116 | 114 |
| Interest | 2 | 1 | 1 | 1 | 4 | 2 | 2 |
| Depreciation | 12 | 5 | 8 | 9 | 11 | 19 | 20 |
| Profit before tax | 15 | -1395 | -240 | -330 | -479 | -160 | -133 |
| Tax % | 342 | 0 | 21 | 24 | 3 | 4 | 0 |
| Net Profit | -37 | -1391 | -289 | -411 | -491 | -166 | -133 |
| EPS in Rs | -4.44 | -159.79 | -1.49 | -2.11 | -1.09 | -0.36 | -0.29 |

### Profit & Loss

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM |
| --- | --- | --- | --- | --- | --- |
| Sales | 5735 | 7615 | 9390 | 12626 | 13835 |
| Expenses | 7533 | 8109 | 9968 | 14111 | 15310 |
| Operating Profit | -1799 | -494 | -578 | -1485 | -1475 |
| OPM % | -31 | -6 | -6 | -12 | -11 |
| Other Income | 155 | 231 | -835 | 332 | 441 |
| Interest | 1 | 6 | 7 | 9 | 10 |
| Depreciation | 30 | 58 | 34 | 47 | 58 |
| Profit before tax | -1675 | -328 | -1455 | -1209 | -1102 |
| Tax % | 0 | 0 | 171 | 12 | — |
| Net Profit | -1675 | -328 | -3942 | -1358 | -1201 |
| EPS in Rs | -213.79 | -41.82 | -452.68 | -2.97 | -3.85 |
| Dividend Payout % | 0 | 0 | 0 | 0 | — |

### Balance Sheet

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Equity Capital | 8 | 0 | 0.27 | 456 |
| Reserves | 2169 | 2230 | 1445 | 3930 |
| Borrowings | 0 | 72 | 58 | 63 |
| Other Liabilities | 1376 | 1859 | 5722 | 3458 |
| Total Liabilities | 3553 | 4161 | 7226 | 7907 |
| Fixed Assets | 56 | 112 | 96 | 195 |
| CWIP | 2 | 0 | 0 | 0 |
| Investments | 2053 | 744 | 4983 | 1210 |
| Other Assets | 1442 | 3305 | 2147 | 6502 |
| Total Assets | 3553 | 4161 | 7226 | 7907 |

### Cash Flow

All figures in ₹ crore unless the row name says otherwise.

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Cash from Operating Activity | -2303 | 220 | 539 | -3875 |
| Cash from Investing Activity | -1289 | -165 | -2638 | 247 |
| Cash from Financing Activity | 3263 | -11 | 2105 | 4101 |
| Net Cash Flow | -328 | 44 | 7 | 473 |
| Free Cash Flow | -2303 | 186 | 516 | -3976 |
| CFO/OP | 128 | -47 | -100 | 74 |

### Ratios

| Item | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
| --- | --- | --- | --- | --- |
| Debtor Days | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 |
| Working Capital Days | -59 | 20 | -167 | -27 |
| ROCE % | — | -15 | -9 | -40 |

## Shareholding Pattern

### Quarterly

| Category | Dec 2025 | Mar 2026 | Jun 2026 |
| --- | --- | --- | --- |
| Promoters | 16.76% | 16.57% | 16.41% |
| FIIs | 4.31% | 4.17% | 5.19% |
| DIIs | 5.28% | 5.55% | 9.14% |
| Government | 0% | 0% | 0% |
| Public | 1.56% | 2.63% | 3.28% |
| Others | 72.1% | 71.07% | 65.98% |
| No. of Shareholders | 168 | 189154 | 246157 |

## Technical Indicators

Derived from daily closing prices and recomputed each trading session; values move with the market.

- **Overall Signal:** Strong Buy
- **Buy / Neutral / Sell:** 11 / 6 / 2

### Moving Averages — summary: **Strong Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| SMA (10) | 211.39 | Buy |
| EMA (10) | 212.25 | Buy |
| SMA (20) | 207.43 | Buy |
| EMA (20) | 207.52 | Buy |
| SMA (50) | 196.05 | Buy |
| EMA (50) | 198.35 | Buy |
| SMA (100) | 189.89 | Buy |
| EMA (100) | 189.78 | Buy |
| SMA (200) | — | Neutral |
| EMA (200) | — | Neutral |

### Oscillators — summary: **Buy**

| Indicator | Value | Signal |
| --- | --- | --- |
| RSI (14) | 69.91 | Neutral |
| MACD (12,26,9) | 6.06 | Buy |
| Stochastic (14,3,3) | 83.47 | Sell |
| ADX (14) | 27.23 | Buy |
| Williams %R (14) | -27.88 | Neutral |
| ATR (14) | 7.32 | High Volatility |
| ROC (12) | 4.3 | Buy |
| Stoch RSI (14) | 82.8 | Sell |
| UO (7,14,28) | 49.35 | Neutral |

## Analyst Ratings

| Recommendation | Analysts | Share |
| --- | --- | --- |
| Buy | 8 | 53.33% |
| Hold | 3 | 20% |
| Sell | 4 | 26.67% |

Based on 15 analyst ratings, observed at 2026-09-11T04:47:40.677423+00:00.

## Filings & Documents

### Other Documents

| Date | Document |
| --- | --- |
| 9 May - Meesho invested Rs 99.9999681 crore in MPPL via rights issue on May 8, 2026. | [Announcement under Regulation 30 (LODR)-Updates on Acquisition 9 May - Meesho invested Rs 99.9999681 crore in MPPL via rights issue on May 8, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/3e068681-d9c7-4c00-a92d-36c1b189f9b6.pdf) |
| 8 May - Meesho to hold a non-deal roadshow group meeting in Singapore on May 13, 2026. | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation 8 May - Meesho to hold a non-deal roadshow group meeting in Singapore on May 13, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/fbfbed2c-b1b6-4364-8297-f527b0f54065.pdf) |
| 6 May - Meesho uploaded KPI disclosures on its investor website per SEBI regulations on May 6, 2026. | [Key Performance Indicators ("KPI") 6 May - Meesho uploaded KPI disclosures on its investor website per SEBI regulations on May 6, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/c6ae0bb1-f475-4335-a747-bd792ae69fe3.pdf) |
| 6 May - CRISIL monitoring report for Meesho IPO proceeds ended March 31, 2026; no deviations, Rs 3,748.52 million utilized. | [Announcement under Regulation 30 (LODR)-Monitoring Agency Report 6 May - CRISIL monitoring report for Meesho IPO proceeds ended March 31, 2026; no deviations, Rs 3,748.52 million utilized.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/e6d1d384-5070-4f68-b3e4-56223f56958e.pdf) |
| 6 Mar - Assessment order demanding ₹1,499.74 crore for AY2023-24; company will contest. | [Intimation Under Regulation 30 Of The SEBI (LODR) Regulations 2015 6 Mar - Assessment order demanding ₹1,499.74 crore for AY2023-24; company will contest.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/9126f462-1ecd-420a-9807-05ed9318ad9b.pdf) |
| 5h - Board meeting on May 6, 2026 to approve Q4 and FY26 audited standalone and consolidated results. | [Board Meeting Intimation for Considering And Approving The Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Financial Year Ended March 31 2026 5h - Board meeting on May 6, 2026 to approve Q4 and FY26 audited standalone and consolidated results.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/51f531e6-508c-4141-9902-867bae6e103c.pdf) |
| 29 Apr - Meesho received GST order upholding ₹14.29 crore demand, plus interest; will appeal to GSTAT. | [Intimation Under Regulation 30 Of The SEBI (LODR) Regulations 2015 29 Apr - Meesho received GST order upholding ₹14.29 crore demand, plus interest; will appeal to GSTAT.](https://www.bseindia.com/xml-data/corpfiling/AttachLive/d11652ba-6ee1-4029-b6f1-9f335c9db45a.pdf) |
| 27 Mar - Grant of 304,535 options (convertible into 14,922,215 shares) at Re.1 exercise price on March 27, 2026. | [Grant Of Stock Options Under Meesho Limited - Employee Stock Option Plan 2024 27 Mar - Grant of 304,535 options (convertible into 14,922,215 shares) at Re.1 exercise price on March 27, 2026.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/0b192a3b-1fe9-4c26-a2ca-5cc1ffebce46.pdf) |
| 25 Apr - Board meeting on May 6, 2026 to approve Q4 and FY26 audited standalone and consolidated results. | [Board Meeting Intimation for Considering And Approving The Audited Financial Results (Standalone And Consolidated) Of The Company For The Quarter And Financial Year Ended March 31 2026 25 Apr - Board meeting on May 6, 2026 to approve Q4 and FY26 audited standalone and consolidated results.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/51f531e6-508c-4141-9902-867bae6e103c.pdf) |
| 24 Mar - Meesho launches ‘Vaani’ voice shopping assistant on March 24, 2026; 1.5M users, 22% higher conversion. | [Announcement under Regulation 30 (LODR)-Press Release / Media Release 24 Mar - Meesho launches ‘Vaani’ voice shopping assistant on March 24, 2026; 1.5M users, 22% higher conversion.](https://www.bseindia.com/xml-data/corpfiling/AttachHis/c57d23f3-60b2-4b9b-8fe4-4193177a3903.pdf) |

### Exchange Filings & Announcements

| Date | Document |
| --- | --- |
| 2026-09-10 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=7a4e9896-f559-4fc1-ac4b-5033f75fb524.pdf) |
| 2026-09-09 | [Announcement under Regulation 30 (LODR)-Change in Management](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=afe4b1e3-21c7-46e0-a0f9-03b3a97d4d5c.pdf) |
| 2026-09-07 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=6de090b7-40e4-4cb7-91aa-0864b6f94044.pdf) |
| 2026-09-03 | [Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=17978bb0-78b2-42b1-98e4-04688f111759.pdf) |
| 2026-09-03 | [Grant Of Stock Options Under Meesho Limited - Employee Stock Option Plan 2024](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=15cbedc4-927e-4332-b9e0-1b7abbf64fbf.pdf) |
| 2026-08-28 | [Letter To The Shareholders - Annual Report Of The Company For Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=0c34c6cf-7864-4a89-a290-2480c863f479.pdf) |
| 2026-08-25 | [Announcement under Regulation 30 (LODR)-Newspaper Publication](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=4b744a50-eead-46b0-8522-3fb295f1d6b9.pdf) |
| 2026-08-24 | [Notice Of 11Th Annual General Meeting For Financial Year 2025-26](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=e5c68317-4324-4458-9e4a-b8c66e13f60c.pdf) |
| 2026-08-24 | [Reg. 34 (1) Annual Report.](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=62b7c812-b3a9-468c-8593-4334d3555815.pdf) |
| 2026-08-24 | [Business Responsibility and Sustainability Reporting (BRSR)](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=f170444d-b1ad-42ab-99f1-042a0d5297b4.pdf) |

### Earnings Call Transcripts

| Date | Document |
| --- | --- |
| 2026-07-28 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=56beb6e2-520b-4555-908f-2e35b54d78ee.pdf) |
| 2026-05-12 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=93636a24-1dea-4030-84b5-bb9c3d760cb0.pdf) |
| 2026-02-04 | [Announcement under Regulation 30 (LODR)-Earnings Call Transcript](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bab657a9-3907-420f-86fb-7070154a073e.pdf) |

### Results & Financial Statements

| Date | Document |
| --- | --- |
| 2026-07-23 | [Unaudited Financial Results (Standalone And Consolidated) For The Quarter Ended June 30 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=beae1830-05d2-4f16-9202-3eb36704107f.pdf) |
| 2026-05-06 | [Audited Financial Results For The Quarter And Year Ended March 31 2026](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=bd59b4de-9b58-48f4-8b4b-f12145cc9980.pdf) |
| 2026-01-30 | [Approval Of Unaudited Financial Results (Standalone And Consolidated) For The Quarter And Nine Months Ended December 31 2025](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=14114b1a-bfec-47ac-8863-c80719935905.pdf) |

### Earnings Call Recordings

| Date | Document |
| --- | --- |
| 2026-07-23 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=d8c3fc09-f524-405d-a88a-268252f564eb.pdf) |
| 2026-05-06 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=ad83da99-19fa-4f31-a79a-e71d604a0408.pdf) |
| 2026-01-30 | [Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome](https://www.bseindia.com/stockinfo/AnnPdfOpen.aspx?Pname=97de274b-4d91-4c3c-ba05-38ede079e39d.pdf) |

### Earnings Call Documents

| Date | Document |
| --- | --- |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/93636a24-1dea-4030-84b5-bb9c3d760cb0.pdf) |
| May 2026 | [Concall - May 2026](https://www.bseindia.com/xml-data/corpfiling/AttachLive/93636a24-1dea-4030-84b5-bb9c3d760cb0.pdf) |
| Feb 2026 | [Concall - Feb 2026](https://www.bseindia.com/xml-data/corpfiling/AttachHis/bab657a9-3907-420f-86fb-7070154a073e.pdf) |

---

Provenance differs by section. Financial statements, shareholding and filings are as reported in company disclosures to NSE/BSE/SEBI. Price, volume and 52-week levels are exchange market data. Technical indicators are computed by Tapetide from daily closing prices. The Tapetide Score is Tapetide's own analysis. Analyst ratings are third-party estimates, not company statements. All figures are for research and information only and are not investment advice. Generated 2026-09-13T19:17:34.579Z.