V Mart Retail logo

V Mart Retail

VMART NSE

Key Fundamentals

MicrocapDiversified RetailRetail
Market Cap
₹6,434 Cr
Volatility
Moderate
P/E Ratio
46.73
EBITDA
₹529 Cr
Return on Equity
13.04%
Debt to Equity
1.01
Book Value
₹119.54
EPS
₹0
52W High
₹888
52W Low
₹457.9

Tapetide Score

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

Key Insights

Strengths

1
  • Company has delivered good profit growth of 83.0% CAGR over last 5 years

Weaknesses

2
  • Stock is trading at 6.76 times its book value
  • Company has a low return on equity of 2.22% over last 3 years.

Growth Rate

Revenue Growth
16.48% higher than 3Y
Net Income Growth
171% higher than 3Y
Cash Flow Change
43.26% higher than 3Y
ROE
131% higher than 3Y
ROCE
2.18%
EBITDA Margin (Avg.)
16.53% lower than 3Y

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 69d ago
AI opinion · based on fundamentals
Risk high

V-Mart Retail Ltd is a mid-cap value retailer with a market cap of ₹6,318 Cr trading at a PE of 51.2x. The company has shown a sharp profit recovery with TTM profit growth of 422%, though its 3-year average ROE remains low at 2% and the stock trades at 6.67x book value.

Bull Case 7
  • Exceptional TTM profit growth of 422% signals a strong earnings recovery cycle
  • Compounded profit CAGR of 83% over 5 years demonstrates long-term earnings momentum
  • Last year ROE surged to 14%, a significant improvement from the 3-year average of 2%
  • TTM sales growth of 16% shows continued top-line expansion and store-level demand
  • 10-year compounded sales CAGR of 17% reflects consistent revenue scaling over a long period
  • 10-year stock CAGR of 21% indicates sustained long-term wealth creation
  • 3-year compounded profit CAGR of 144% shows rapid normalization from pandemic-era lows
Bear Case 8
  • PE ratio of 51.2x is elevated for a value retail business, pricing in significant future growth
  • Price-to-book of 6.67x is high relative to the capital-intensive retail model
  • 3-year average ROE of just 2% suggests poor capital efficiency over a meaningful period
  • 5-year average ROE of only 1% indicates structurally weak return generation through a full cycle
  • 1-year stock CAGR of just 1% shows the market has not rewarded the earnings recovery in share price terms
  • 5-year stock CAGR of only 1% implies nearly zero capital appreciation over half a decade despite 29% sales CAGR
  • Dividend yield of 0.13% offers negligible income return to shareholders
  • The gap between 5-year sales CAGR of 29% and 5-year stock CAGR of 1% suggests margin compression and dilution eroded shareholder value

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

AI News Digest

Anthropic anthropic claude-opus-4.6 69d ago
Headwinds 1
  • COO resigns, leadership transition Jun 10

    COO Vineet Jain resigns effective July 15, 2026. CFO Anand Agarwal will assume dual role as COO, creating key-man risk during growth phase.

Positives 3
  • Q1FY27 revenue surges 23% YoY Jul 1

    V-Mart reported Q1FY27 revenue of Rs. 1,089 Cr, up 23% YoY with 9% SSSG and 15 new store openings in the quarter.

  • FY26 EBITDA jumps 36% Jul 2

    Full-year revenue rose 16% to Rs 3,789 crore while EBITDA surged 36% to Rs 513 crore for FY26, indicating significant margin expansion.

  • ₹1 per share dividend declared Jul 2

    V-Mart declared a final dividend of ₹1 per share for FY26. AGM scheduled for July 30, 2026, with record date of July 17.

Neutral 2
  • BRSR filed, 577 stores reported Jul 2

    V-Mart filed its FY26 BRSR disclosing 577 stores, 13,929 employees, and 1.2% of capex invested in environmental technologies.

  • Dividend record date July 17 Jun 24

    Record date set as July 17, 2026, to determine eligibility for the recommended ₹1.00 per share FY26 dividend.

TL;DR: V-Mart is delivering strong top-line and profitability growth with FY26 EBITDA up 36% and Q1FY27 revenue accelerating to 23% YoY on healthy same-store sales. Store expansion continues at a brisk pace with 577 stores now operational. The main near-term risk is the COO departure mid-growth phase, though the CFO stepping into the role provides continuity. The growth trajectory is clearly improving and momentum appears sustainable heading into FY27.

Quarterly Results

Particulars Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
679
549
889
669
786
661
1,027
780
885
807
1,126
971
1,089
Expenses
626
549
769
628
687
622
855
712
759
735
917
865
928
Operating Profit
52
1
120
40
99
39
171
68
126
72
210
106
161
OPM %
8%
0.1%
13%
6%
13%
6%
17%
9%
14%
9%
19%
11%
15%
Other Income
2
2
13
4
5
2
3
27
3
3
2
6
3
Interest
33
36
38
36
37
39
42
17
18
17
21
19
20
Depreciation
50
53
58
61
57
59
63
54
68
71
78
80
84
PBT
-29
-86
37
-52
9
-58
70
23
43
-14
113
13
60
Tax %
-24%
-26%
23%
-25%
-30%
-3%
-3%
19%
22%
-35%
22%
10%
21%
Net Profit
-22
-64
28
-39
12
-57
72
19
34
-9
88
11
47
EPS in Rs
-2.77
-8.11
3.57
-4.92
1.53
-7.14
9.04
2.34
4.23
-1.12
11.08
1.42
5.93
Figures in ₹ Crores

Profit & Loss

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
720
809
1,002
1,222
1,434
1,662
1,075
1,666
2,465
2,786
3,254
3,789
3,993
Expenses
657
747
917
1,090
1,301
1,448
944
1,462
2,196
2,570
2,874
3,276
3,445
Operating Profit
64
62
85
133
133
214
131
204
269
215
380
514
548
OPM %
9%
8%
8%
11%
9%
13%
12%
12%
11%
8%
12%
14%
14%
Other Income
0
2
4
4
-4
4
21
14
15
19
34
14
14
Interest
4
3
4
2
2
55
59
77
117
142
136
75
77
Depreciation
5
19
19
23
28
94
103
131
180
222
233
297
313
PBT
55
42
67
112
100
70
-10
10
-13
-130
44
155
171
Tax %
32%
35%
34%
31%
38%
29%
-36%
-12%
-40%
-26%
-4%
20%
—
Net Profit
37
28
44
78
62
49
-6
12
-8
-97
46
124
138
EPS in Rs
5.18
3.82
6.07
10.73
8.5
6.8
-0.79
1.47
-0.99
-12.23
5.78
15.61
17.31
Div. Payout %
7%
8%
5%
5%
5%
0%
0%
13%
0%
0%
0%
6%
—
Figures in ₹ Crores

Balance Sheet

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
18
18
18
18
18
18
20
20
20
20
20
79
Reserves
187
213
252
329
391
441
806
830
829
727
790
872
Borrowings
31
27
36
1
0
517
568
902
1,332
1,391
783
958
Other Liabilities
93
126
185
202
222
248
234
348
562
707
844
871
Total Liabilities
329
383
491
550
632
1,224
1,627
2,099
2,743
2,845
2,436
2,780
Fixed Assets
98
110
117
145
165
667
697
1,111
1,445
1,661
1,039
1,366
CWIP
1
2
1
4
4
2
2
6
109
4
4
8
Investments
22
32
72
34
61
8
319
125
9
5
5
18
Other Assets
208
238
300
368
402
546
609
857
1,179
1,176
1,388
1,387
Total Assets
329
383
491
550
632
1,224
1,627
2,099
2,743
2,845
2,436
2,780
Figures in ₹ Crores

Cash Flow

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
40
46
69
58
76
86
149
-11
177
386
349
501
Investing
-19
-37
-73
-8
-73
1
-419
124
-159
-118
-122
-174
Financing
-20
-10
5
-38
-4
-94
287
-104
-33
-259
-215
-346
Net Cash Flow
1
-1
1
11
-1
-8
17
8
-15
9
12
-20
Free Cash Flow
6
20
27
10
36
32
109
-161
-101
263
225
337
CFO/OP
89
98
110
72
82
52
116
0
72
180
92
102
Figures in ₹ Crores

Ratios

Particulars Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
0
0
0
0
0
0
0
0
0
0
Inventory Days
132
131
140
135
124
155
216
224
199
163
169
145
Days Payable
54
61
83
73
56
64
97
97
112
127
88
72
Cash Conversion Cycle
78
70
57
62
68
91
119
126
87
36
81
73
Working Capital Days
37
32
22
38
36
41
94
76
38
14
1
1
ROCE %
26%
18%
25%
35%
29%
18%
4%
5%
5%
1%
8%
13%

Insights

Beta

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

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Shareholding Pattern

Others1.43%Promot.44.15%Public7.04%FIIs16.47%DIIs30.90%As ofJun 2026

Documents

Frequently Asked Questions about V Mart Retail

What does V-Mart Retail Ltd do?
V-Mart Retail is engaged in the business of Value Retailing through the chain of stores situated at various cities in India.
Where is V-Mart Retail Ltd (VMART) listed?
V-Mart Retail Ltd trades as VMART on the NSE and under code 534976 on the BSE.
Which sector does V-Mart Retail Ltd belong to?
V-Mart Retail Ltd is classified under the Consumer Discretionary sector, in the Retailing industry.
What is the market capitalisation of V-Mart Retail Ltd?
V-Mart Retail Ltd has a market capitalisation of ₹6,434 Cr, which places it in the Mid Cap band.
What is the PE ratio of V-Mart Retail Ltd?
V-Mart Retail Ltd trades at a PE ratio of 46.73, on earnings per share of ₹0, against a book value of ₹119.54 per share.
What is the 52-week high and low of V-Mart Retail Ltd?
Over the last 52 weeks V-Mart Retail Ltd has traded between ₹457.9 and ₹888.
Does V-Mart Retail Ltd pay dividends?
V-Mart Retail Ltd has a dividend yield of 0.12%.
What is the Return on Equity (ROE) of V-Mart Retail Ltd?
V-Mart Retail Ltd reported a return on equity of 13.04%. Its debt-to-equity ratio is 1.01.

Company Information

V-Mart Retail is engaged in the business of Value Retailing through the chain of stores situated at various cities in India.

Website vmart.co.in
CEO Mr. Lalit Madangopal Agarwal
Employees 10,912
Listed 2013-02-20
Face Value ₹ 10
Issued Size 7,94,39,025

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