Skip to content
V2 Retail logo

V2 Retail

V2RETAIL NSE
₹149.13 No trade today
P/E
30.50
View as Markdown
MCP
Close 4 Nov 2026 ₹149.13 −83.78 −36.0% 1Y
Start ₹232.91

Key Fundamentals

MicrocapRetailConsumer Services

Price-based figures as of · EPS basis: Standalone · TTM

ROCE
19.50%
Debt to Equity
1.10
EPS (TTM)
₹4.89
Book Value
₹24.75
Market Cap
—
P/E (TTM)
30.50
P/B
6.03
ROE
23.70%
Dividend Yield
0.00%
EBITDA
₹466 Cr
52W High
₹259.25
52W Low
₹145.34
Volume
0

Peer Comparison

Consumer Discretionary › Retail › Speciality Retail

V2 Retail peer comparison
Trent
₹3,060.0086.05₹1,62,418 Cr21.000.13%27.70%28.30%₹22,001 Cr₹1,909 Cr
Lenskart Solutions
₹689.70155.69₹1,18,542 Cr13.730.00%6.33%8.08%₹9,634 Cr₹668 Cr
Vedant Fashions
₹496.8031.28₹12,088 Cr6.151.56%18.80%22.80%₹1,456 Cr₹386 Cr
Aditya Birla Lifestyle Brands
₹73.7150.83₹8,845 Cr6.280.68%14.90%15.00%₹8,601 Cr₹176 Cr
Aditya Vision
₹520.2548.35₹6,764 Cr8.750.24%18.70%17.10%₹2,924 Cr₹139 Cr
V2 Retail (this company)
₹149.1330.50₹5,972 Cr6.030.00%23.70%19.50%₹3,428 Cr₹177 Cr
Aditya Birla Fashion & Retail
₹40.66—₹4,837 Cr0.850.00%−13.60%−3.76%₹8,371 Cr−₹845 Cr
Median 7 companies₹496.8049.59₹8,845 Cr6.280.13%18.70%17.10%₹8,371 Cr₹177 Cr

Comparable companies in the same industry. Market cap, P/E and P/B use the latest price; other metrics are as reported in filings. A dash means the figure is not published for that company.

Tapetide Score

Data-driven rating, 0–100, as of . How it works →

Overall score

46 Average

Data confidence 100/100

Category scores

Quality
29
Poor
Returns, margins, earnings quality 22% weight
Valuation
41
Weak
Cheap vs sector & own history 24% weight
Growth
99
Strong
Sales & profit trajectory 9% weight
Financial Health
33
Poor
Solvency, leverage, coverage 9% weight
Momentum
11
Poor
Trend strength, vol-adjusted 12% weight
Ownership
75
Strong
FII/DII/promoter flows 24% weight

The Tapetide Score is data analysis, not investment advice. Tapetide is not a SEBI-registered research analyst or investment adviser.

Key Insights

Strengths

3
  • Company is expected to give good quarter
  • Company has delivered good profit growth of 72.6% CAGR over last 5 years
  • Company's median sales growth is 33.6% of last 10 years

Weaknesses

1
  • Though the company is reporting repeated profits, it is not paying out dividend

Technical Indicators

Technical signals: verdict and indicator counts
GroupSignalBearishNeutralBullish
OverallStrong Bearish1153
OscillatorsBullish153
Moving AveragesStrong Bearish1000

Key readings

RSI (14)
35.79
Neutral
MACD (12,26,9)
−10.27
Bullish
SMA (50)
192.04
Bearish
SMA (200)
206.88
Bearish

As of

Analyst Rating

Based on 2 analysts
BUY100%

2 of 2 analysts rate Buy, 0 Hold, 0 Sell.

As of

BUY
2
100%
HOLD
0
0%
SELL
0
0%

Growth Rate

From the financial statements below. 10Y, 5Y, 3Y: compound annual growth to Mar 2026; 1Y: fiscal year to Mar 2026 against Mar 2025; TTM: four quarters to Jun 2026 against Jun 2025.

Revenue

Revenue growth by window
10Y+24.80%
5Y+41.58%
3Y+53.93%
1Y+62.42%
TTM+63.19%

Net profit

Net profit growth by window
10Y+29.81%
5YTurned to profit
3YTurned to profit
1Y+129.58%
TTM+113.25%

Operating cash flow

Operating cash flow growth by window
10YOutflow widened by ₹81 Cr
5YOutflow widened by ₹81 Cr
3YTurned negative
1YTurned negative
TTM—

TTM: Reported once a year, so there is no trailing-twelve-month figure.

Operating margin· change in pp

Operating margin growth by window
10Y+5.94 pp
5Y+6.23 pp
3Y+5.98 pp
1Y+2.04 pp
TTM+1.30 pp

Revenue by year

Revenue by year, ₹ crore
Mar 2017₹472 Cr
Mar 2018₹559 Cr
Mar 2019₹748 Cr
Mar 2020₹701 Cr
Mar 2021₹538 Cr
Mar 2022₹629 Cr
Mar 2023₹839 Cr
Mar 2024₹1,165 Cr
Mar 2025₹1,884 Cr
Mar 2026₹3,060 Cr

Net profit by year

Net profit by year, ₹ crore
Mar 2017₹39.00 Cr
Mar 2018₹31.00 Cr
Mar 2019₹20.00 Cr
Mar 2020₹10.00 Cr
Mar 2021−₹11.00 Cr
Mar 2022−₹13.00 Cr
Mar 2023−₹14.00 Cr
Mar 2024₹27.00 Cr
Mar 2025₹71.00 Cr
Mar 2026₹163 Cr

Analyst Forecasts

Forecast For
FY27 consensus · EBITDA
₹681 Cr +46.2% vs FY26
Reported High Mean Low

AI Analysis — Bull vs Bear

Generated 6 Jul 2026
AI opinion · based on fundamentals
Risk high

V2 Retail Ltd is a high-growth value fashion retailer with a market cap of ₹8,510 Cr, trading at a PE of 51.8x and PB of 9.29x. The company has delivered 73% profit CAGR over 5 years and 62% TTM sales growth, but pays no dividend and commands a premium valuation relative to its book value.

Bull Case 8
  • Exceptional profit growth with 5-year compounded profit CAGR of 73%, accelerating to 111% on a TTM basis
  • Revenue growth remains robust at 62% TTM and 54% CAGR over 3 years, indicating strong store expansion and same-store growth
  • ROE has improved to 24% in the last year from a 5-year average of 13%, showing improving capital efficiency
  • Median sales growth of 33.6% over the last 10 years demonstrates a consistent long-term demand trajectory
  • 10-year compounded sales CAGR of 25% and profit CAGR of 31% reflect a durable business model in value retail
  • Stock has delivered 148% CAGR over 3 years, reflecting market recognition of the company's execution
  • 3-year ROE averaging 21% suggests the company is generating healthy returns on shareholder equity on a sustained basis
  • Company is expected to deliver a good upcoming quarter, suggesting continued operational momentum
Bear Case 7
  • Price-to-book of 9.29x is significantly above typical retail sector averages, pricing in aggressive future growth
  • Zero dividend yield despite repeated profitability means shareholders depend entirely on capital appreciation for returns
  • 5-year stock CAGR of 81% has far outpaced 5-year profit CAGR of 73%, suggesting some valuation expansion beyond earnings growth
  • 10-year ROE average of only 10% indicates that the recent 24% ROE improvement is relatively new and unproven over a full cycle
  • Debt-to-equity data is unavailable, creating uncertainty around the company's leverage and financial risk profile
  • Consumer discretionary sector is cyclical and V2 Retail's value segment customers are sensitive to inflation and economic slowdowns
  • 1-year stock CAGR has moderated to 20% versus 148% over 3 years, potentially signaling decelerating market enthusiasm

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

121d ago

TL;DR: V2 Retail is executing strongly on growth with 58% revenue expansion driven by aggressive store additions and healthy 7.5% SSSG. No material headwinds are visible in recent news, though a small promoter-group pledge exists. The trend is clearly improving with rapid expansion momentum heading into FY27.

Positives 1
  • Q1FY27 revenue surges 58% YoY Jul 1

    V2 Retail reported standalone revenue of ₹997 Cr in Q1FY27, up 58% YoY, added 57 new stores and achieved 7.5% same-store sales growth.

Neutral 1
  • FY26 shareholding pattern disclosed Jun 17

    Promoters hold 18.75 crore shares. Ricon Commodities pledged 33.50 lakh shares, indicating minor pledge activity.

Quarterly Results

₹ Cr
V2RETAIL quarterly results, ₹ crore
Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Sales
264
231
374
296
415
380
591
499
630
705
927
798
997
906
Expenses
231
213
313
266
362
349
480
441
539
619
750
685
858
785
Operating Profit
33
19
61
30
53
31
111
57
90
86
177
113
140
120
OPM %
12%
8%
16%
10%
13%
8%
19%
11%
14%
12%
19%
14%
14%
13%
Other Income
1
2
3
1
1
2
0
1
1
0
26
0
1
2
Interest
10
12
11
12
13
15
18
21
22
28
22
24
25
30
Depreciation
17
17
20
18
20
22
26
27
32
37
45
67
64
68
PBT
7
−8
32
0
21
−3
68
10
37
21
135
22
52
25
Tax %
25%
−33%
25%
−1073%
25%
−21%
25%
36%
25%
14%
27%
18%
19%
26%
Net Profit
5
−6
24
4
16
−3
51
7
28
18
99
18
42
18
EPS (₹)
0.14
−0.16
0.7
0.11
0.46
−0.07
1.47
0.19
0.8
0.52
2.72
0.5
1.15
—

Sep 2026: from the results filed on 3 Nov 2026, ahead of the full statement, so some rows are blank.

Profit & Loss

₹ Cr
V2RETAIL profit and loss, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
287
334
472
559
748
701
538
629
839
1,165
1,884
3,060
3,428
Expenses
258
302
429
506
699
623
487
566
759
1,021
1,630
2,585
2,913
Operating Profit
28
32
43
54
49
79
50
63
80
144
254
475
515
OPM %
10%
10%
9%
10%
7%
11%
9%
10%
10%
12%
13%
16%
15%
Other Income
3
6
25
3
−17
15
22
16
6
7
5
21
27
Interest
10
14
10
3
3
32
32
38
41
47
68
100
99
Depreciation
2
4
6
8
14
50
54
57
64
73
95
181
213
PBT
18
20
52
46
15
10
−13
−16
−19
31
97
216
230
Tax %
47%
40%
24%
32%
−36%
3%
−16%
−21%
−23%
11%
27%
24%
—
Net Profit
10
12
39
31
20
10
−11
−13
−14
27
71
163
177
EPS (₹)
0.41
0.49
1.26
0.92
0.6
0.3
−0.32
−0.38
−0.42
0.79
2.05
4.48
4.89
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—

Balance Sheet

₹ Cr
V2RETAIL balance sheet, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
24
25
31
34
34
34
34
34
34
35
35
36
Reserves
251
271
127
240
261
246
238
226
213
240
310
866
Borrowings
69
98
9
0
11
311
388
384
410
502
861
995
Other Liabilities
61
55
73
115
158
116
133
128
108
189
372
525
Total Liabilities
405
449
240
389
464
707
793
772
765
966
1,577
2,422
Fixed Assets
18
29
51
63
100
330
382
375
389
449
842
968
CWIP
1
4
4
7
4
4
5
0
0
0
4
36
Investments
30
25
0
90
0
15
15
15
15
15
15
5
Other Assets
355
391
185
231
360
359
391
382
361
502
716
1,412
Total Assets
405
449
240
389
464
707
793
772
765
966
1,577
2,422

Cash Flow

₹ Cr
V2RETAIL cash flow, annual, ₹ crore
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
36
−15
−1
27
−48
94
−15
61
80
85
191
−96
Investing
−6
−9
−12
−110
41
−5
−16
−12
−9
−29
−128
−231
Financing
−30
26
16
81
11
−37
−14
−59
−75
−52
−62
325
Net Cash Flow
−1
2
3
−1
4
52
−45
−9
−4
4
1
−2
Free Cash Flow
29
−32
−13
5
−99
87
−38
50
70
57
63
−328
CFO/OP
125
−47
−1
51
−101
120
−30
96
98
59
85
−9

Ratios

V2RETAIL financial ratios, annual
Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
0
0
0
7
0
1
0
0
0
0
Inventory Days
141
177
126
154
195
142
255
221
151
155
140
195
Days Payable
60
61
71
97
100
75
113
93
57
69
85
79
Cash Conversion Cycle
81
116
54
58
95
73
143
130
94
87
56
116
Working Capital Days
−27
−28
42
56
77
39
75
67
50
43
19
47
ROCE %
8%
8%
14%
21%
13%
7%
3%
3%
3%
11%
17%
20%

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

Log in to view V2 Retail insights

65 extracted metrics across FY11–FY27.

Shareholding Pattern

As of Sep 2026

  • Promoters 51.43%
  • Public 25.46%
  • DIIs 12.24%
  • Others 7.17%
  • FIIs 3.69%

1.79% of promoter holding pledged as of Sep 2026

Change vs previous quarter

Not shown for some quarters: Others. Not available separately for this quarter: the shareholding filing gives Public and Others as one figure, shown under Public, so Others is left blank rather than estimated.

Documents

Frequently Asked Questions about V2 Retail

What does V2 Retail Ltd do?
Company primarily operates in Tier-II and Tier-III cities, with a chain of “V2 Retail” stores offering apparel and general merchandise, catering to the entire family.
Where is V2 Retail Ltd (V2RETAIL) listed?
V2 Retail Ltd trades as V2RETAIL on the NSE and under code 532867 on the BSE.
Which sector does V2 Retail Ltd belong to?
V2 Retail Ltd is classified under the Retail sector, in the Speciality Retail industry.
What is the PE ratio of V2 Retail Ltd?
V2 Retail Ltd trades at a PE ratio of 30.50 as of 4 Nov 2026, on earnings per share of ₹4.89, against a book value of ₹24.75 per share.
What is the 52-week high and low of V2 Retail Ltd?
Over the last 52 weeks V2 Retail Ltd has traded between ₹145.34 and ₹259.25 as of 4 Nov 2026.
What is the Return on Equity (ROE) of V2 Retail Ltd?
V2 Retail Ltd reported a return on equity of 23.70%. Its debt-to-equity ratio is 1.10.

Company Information

Company primarily operates in Tier-II and Tier-III cities, with a chain of “V2 Retail” stores offering apparel and general merchandise, catering to the entire family.

Website v2retail.com
CEO Mr. Ram Chandra Agarwal B.Com.
Employees 6,485
Listed 4 Jul 2007
Face Value ₹1

For AI agents and developers

Reading this as an AI agent, LLM or automated pipeline? Every page on Tapetide is also published as clean Markdown — no navigation, no scripts, just the data. Fetch https://tapetide.com/stocks/V2RETAIL.md for V2 Retail Ltd: dated key facts, then this page's sections in order: latest price, key fundamentals, peer comparison, the Tapetide Score, technical indicators, analyst ratings, growth rates, analyst forecasts, the AI analysis and news digest (labelled as AI-generated), financial statements, shareholding pattern, documents and the FAQ.

Append .md to any Tapetide URL for the same treatment. A full index of what we publish is at /llms.txt and /llms-full.txt. For live, structured queries instead of documents, use our Indian stock market MCP server.

Explore More

More Retail stocks → FII DII DataStock ScreenerNifty 50 HeatmapF&O Ban ListFII and DII flows, month by monthHow Tapetide Scores changed, month by monthStocks mutual funds are buying, month by month