V-Mart Retail Limited

NSE: VMARTDiversified Retail

Share price

₹821.95

+1.33% close of 9 Oct 2026

Market cap ₹6,493 CrP/E 47.4

Price-based ratios (P/B, dividend yield, EV/EBITDA) are as of 8 Oct 2026, the close above is 9 Oct 2026.

Business score

How strong the business is, in one number. The parts behind it are in Pro.

out of 100 · worked out 9 Oct 2026

How the business score works

Your ratios

The numbers you want to see first. Tap Edit to change them.

Market cap

₹6,493 Cr

P/E ratio

47.4

P/B ratio

6.8

ROCE

13.2%

ROE

14.1%

Dividend yield

0.1%

Price & valuation chart

How the share price and its valuation have moved. Hover over the chart to see any day. Prices as of the last close.

Prices as of 9 Oct 2026 close52-week high ₹881.3552-week low ₹477.20

Answers

Simple answers to the questions investors ask most, from the company's own numbers.

How fast it has been growing

Sales grew 19.1% over the past year, and 17.1% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 12.9% to 13.3% over the last four years.

Whether it grew faster than its sector

It grew 17.1% a year against a sector median of 13.9% — 3.2 percentage points faster.

Room to re-rate, or risk of de-rating

Too little price history yet to compare it with its own past.

Whether growth justifies the valuation

Priced at 0.3 times its growth rate, on earnings growth of 144%.

	Profit growth	Price per ₹1 profit	Per 1% growth
V-Mart Retail Limited — this one	144%/yr	47.4×	—
Avenue Supermarts Limited	8%/yr	75.0×	₹9.4
Vishal Mega Mart Limited	39%/yr	51.1×	₹1.3
Electronics Mart India Limited	-7%/yr	37.6×	—
Shoppers Stop Limited	—	—	—
Patel Retail Limited	34%/yr	18.9×	₹0.56

Compared with companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

How it compares with its peers

Against companies the exchange files under the same label (Diversified Retail), it ranks 6 of 9 on returns, 4 of 9 on growth, 3 of 9 on margin. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

What makes it hard to beat — and is that still true?

No durable advantage shows in the numbers: it earns 13.2% on capital, ahead of 33% of companies filed under the same label. That grouping comes from the exchange's filing category, so some of them may not be real rivals.

Whether its growth pays for itself

Yes — Over the last five years it made ₹1402 crore of cash from the business, spent ₹839 crore on plant and equipment, and returned ₹957 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 12 years, about 522 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back faster than it used to: it went from being waiting 76 days for its cash to waiting 1 days for its cash.

Profit reality check

Is the profit real cash? Simple checks on the accounts. Facts only, not advice.

8 of 10 checks clear · 80%

How the profit check works

Latest result

What the last results showed. Whether management kept its word is in Pro.

Results are expected soon.

Checklist before you investPRO

Points for and against, in one list.

Key numbers & peers

The main numbers grouped by topic, and how the company compares with similar ones.

Price

Market cap: ₹6,493 Cr
Prev close: ₹821.95
52w High: ₹888
52w Low: ₹458
Enterprise value: ₹7,413 Cr
Beta: 0.9
Price CAGR 1y: -4.0%
Price CAGR 3y: 18.0%
Price CAGR 5y: -3.0%
Price CAGR 10y: 20.0%

Ratios

Return on assets: 4.5%
PEG ratio: 0.3
P/E ratio: 47.4
P/B ratio: 6.8
EV / EBITDA: 13.5
Industry P/E: 42.3
ROCE: 13.2%
ROCE 5y average: 6.4%
ROE: 14.1%
Debt / Equity: 1.0
Interest coverage: 3.1
Dividend yield: 0.1%
ROE 3y average: 2.0%
ROE last year: 14.0%

Annual P&L

Annual revenue: ₹3,789 Cr
Annual profit: ₹124 Cr
Operating margin: 14.0%
Net profit margin: 3.3%
EBITDA margin: 13.6%
Sales growth 3y: 15.4%
Sales growth 5y: 28.7%
Profit growth 3y: 144.0%
Profit growth 5y: 83.0%
EPS: ₹15.6
Sales growth TTM: 19.0%
Profit growth TTM: 161.0%
Dividend payout: 6.0%

Quarter P&L

Sales latest quarter: ₹1,089 Cr
Profit latest quarter: ₹47 Cr
YoY quarterly sales growth: 23.0%
YoY quarterly profit growth: 38.2%
OPM latest quarter: 14.8%

Balance Sheet

Book Value: ₹120
Face Value: ₹10.0
Total debt: ₹958 Cr
Total cash: ₹20 Cr
Borrowings: ₹958 Cr
Reserves / Equity: 11.0

Cash Flow

Operating cash flow: ₹501 Cr
Free cash flow: ₹337 Cr
FCF yield: 4.0%
Net cash flow: -₹20 Cr

Shareholding

Promoter holding: 44.1%
FII holding: 16.5%
DII holding: 30.9%
Public holding: 8.5%

Peer comparison

Company	Price ₹	P/E	Mkt cap ₹ Cr	Div yield %	Profit qtr ₹ Cr	Profit var %	Sales qtr ₹ Cr	Sales var %	ROCE %
Avenue Super.	3,577.30	76.3	2,33,328	0.00	860.4	11.3	18,794.5	14.9	17.2
Vishal Mega Mart	97.35	51.2	45,607	0.00	258.8	25.6	3,727.0	18.7	15.2
Electronics Mart	193.50	37.9	7,445	0.00	120.6	351.3	2,419.0	39.1	8.2
V-Mart Retail	801.00	45.9	6,374	0.12	47.2	40.5	1,088.8	23.0	13.2
Shoppers Stop	384.75		4,240	0.00	-14.3	9.5	1,291.4	11.2	7.0
Keto Motors	226.00	6122.4	1,592	0.00	0.4	4500.0	6.3		-0.3
Patel Retail	226.65	18.2	757	0.00	9.5	37.6	309.5	69.7	15.6
Median	226.00	37.9	1,592	0.00	6.9	40.5	494.9	22.2	13.2

Competes with: Avenue Supermarts Limited, Electronics Mart India Limited, JHS Svendgaard Retail Ventures Limited, Osia Hyper Retail Limited, Patel Retail Limited, Shoppers Stop Limited, Spencer's Retail Limited, Vishal Mega Mart Limited

Quarterly results

Sales and profit for each of the last 13 quarters. Newest on the right. ₹ crore.

Standalone · to 30 Jun 2026

Line item	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 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
Material Cost								0	0	0	0	0	0
Change in Inventories								-169	169	-226	95	-39	94
Purchases of Stock-in-Trade								691	404	761	624	698	620
Employee Cost								97	95	98	102	101	111
Other Expenses								93	91	102	96	105	103
Operating Profit	52	1	120	40	99	39	171	68	126	72	210	106	161
OPM %	7.73	0.12	13	6.02	13	5.84	17	8.74	14	8.86	19	11	15
Other Income	2	2	13	4	5	2	3	27	3	3	2	6	3
Exceptional items (within Other Income)								24	0	0	-2.11	0.92	0
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
Profit before tax	-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	1.42	5.93
Diluted EPS in Rs								9.25	4.21	-1.12	11	1.48	5.91

Profit & loss

Yearly sales, costs and profit for 12 years, plus the last 12 months (TTM). ₹ crore.

Standalone · to 31 Mar 2026

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
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
Material Cost											0	0
Change in Inventories											-171	-0.70
Purchases of Stock-in-Trade											2,300	2,487
Employee Cost											363	395
Other Expenses											384	395
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
Exceptional items (within Other Income)											24	-1.19
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
Profit before tax	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	11	8.50	6.80	-0.79	1.47	-0.99	-12	5.78	16	17
Diluted EPS in Rs											23	12
Dividend Payout %	7	8	5	5	5	0	0	13	0	0	0	6

Compounded growth

Average yearly growth over different spans, as stored. A span can cross a demerger or an acquisition.

Compounded sales growth

10 years: 17%
5 years: 29%
3 years: 15%
TTM: 19%

Compounded profit growth

10 years: 17%
5 years: 83%
3 years: 144%
TTM: 161%

Stock price CAGR

10 years: 20%
5 years: -3%
3 years: 18%
1 year: -4%

Return on equity

10 years: 5%
5 years: 1%
3 years: 2%
Last year: 14%

Balance sheet

What the company owns and what it owes, at the end of each year. ₹ crore.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 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

Cash flows

Real money coming in and going out each year — from the business, from investments and from loans. ₹ crore.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Cash from Operating Activity	40	46	69	58	76	86	149	-11	177	386	349	501
Cash from Investing Activity	-19	-37	-73	-8	-73	1	-419	124	-159	-118	-122	-174
Cash from Financing Activity	-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

Ratios

How fast customers pay, how long stock sits, and how well capital earns — year by year.

Standalone

Line item	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 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

Shareholding pattern

Who owns the company — founders (promoters), foreign funds, Indian funds and the public. In %.

Standalone · to 30 Jun 2026

Line item	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
Promoters	44	44	44	44	44	44	44	44	44	44	44	44
FIIs	14	14	15	15	16	17	17	18	17	17	17	16
DIIs	33	34	34	33	33	32	33	32	32	32	32	31
Public	8.75	7.35	6.37	7.59	6.89	5.94	5.33	6.02	6.26	6.38	7.02	8.48
No. of Shareholders	25,603	25,268	22,471	18,023	20,674	29,869	18,137	23,901	26,763	24,903	30,027	31,182

Price trend

The price as a Renko brick chart: small moves drop out so the bigger path stands out.

Change over 1 year -3.7% (₹853.25 → ₹821.95)Brick size ₹30.41 (fixed)Bricks 29

Price moved up one brickPrice moved down one brickLast close ₹821.95 on 9 Oct 2026

Every brick is the same size, about one typical day's move. A new brick needs a full brick's move; turning the other way needs two. Bricks show where the price went, not where it will go.

Open interestPRO

Where option traders are positioned on this stock.

Industry numbers

The numbers that matter most in this industry, from the company's own filings.

1 when an audit qualification is filed as repetitive

0.00flag

2026-03-31

the company's own unlisted debt securities in default at period end

0.00cr

2026-06-30

the company's own loans / revolving facilities in default at period end (standalone filing)

0.00cr

2026-06-30

net debt from the filed balance sheet at the newest year end: Borrowings − Cash Equivalents − Investments (Current); negative = net cash

920inr_cr

2026-03-31

guarantees / comfort given for promoter, promoter group, directors and KMP

0.00cr

2026-03-31

loans outstanding to promoter, promoter group, directors and KMP (governance filing)

0.00cr

2026-03-31

security given for the borrowing of promoter, promoter group, directors and KMP

0.00cr

2026-03-31

FY revenue / permanent employees + workers, same basis (calc)

32,40,955inr

2026-03-31

same-store sales growth %

9.00pct

2026-06-30

stores / outlets at period end

591count

2026-06-30

News

News and filings about V-Mart Retail Limited. Open one to see why it matters.

24 Aug, 18:05 IST · Company event · low impact

Significant increase in volume has been observed in V-Mart Retail Limited.

22 Aug, 18:05 IST · Company event · low impact

Significant increase in volume has been observed in V-Mart Retail Limited.

Supply chain

Who it buys from, sells to and competes with — as recorded in our map of company links.

Competes with

Buys from

Bella Casa Fashion & Retail Limited · apparel ODM / value-fashion supply. Carried from the prior pass; the FY25 AR names no cust…
Emami Limited · FMCG products via modern-trade retail
Marico Limited · FMCG products via modern-trade retail
Rupa & Company Limited · Economy/mid-premium branded innerwear via large-format retail (seed)
Semac Construction Limited · Design-build EPC: warehouse/logistics facility with dormitory and skill-development centre

About

What the company is, from our own records: where it sits, where it makes things, and what it is made of.

Sector: Consumer Services
Industry: Diversified Retail
Classification: Consumer Services › Diversified Retail
ISIN: INE665J01013

Business segments

Retail trade · 99%
Digital marketplace · 1%

News impact

Big market events that reach V-Mart Retail Limited, and how the effect spreads.

8 Jul, 04:24 IST · Market event · high impact

Trent shares crash ~12% as Q1FY27 business update disappoints on slower revenue growth

Consumer ServicesRetailing

Who it hits first

Trent de-rates ~12% as growth premium unwinds on a soft Q1 update

Who may gain

No clear direct beneficiary — the miss is company-specific (own-brand format deceleration), not share loss to a named rival

Along the supply chain

Downstream

Mall operators and Trent's Zudio/Westside store-expansion pipeline see modestly slower footfall-growth expectations

Upstream

Apparel/textile suppliers to Trent (fabric, garment vendors) face marginally slower order growth if the deceleration persists

Where demand moves

Business

Trent's slower growth is format/execution-specific rather than a demand shift to competitors; apparel-retail peers see sentiment spillover but no clear order/volume gain

Capital

Growth-momentum capital rotates out of expensive retail into cheaper quality names; some flow to Tata-group large-caps and defensive consumer staples

How it spreads across sectors

Consumer Services

high-multiple retail de-rates; sentiment spillover to apparel-retail peers

Retailing

growth-premium compression across the discretionary-retail basket

When it plays out

Immediate

Trent gaps down ~12%; apparel-retail peers soften on sentiment

Medium term

If growth re-accelerates in festive season, quality franchise re-rates; else multiple compression persists

Short term

Q1 result detail (SSSG, margins) determines whether de-rating extends or stabilises

23 Apr, 04:11 IST · Market event · medium impact

Trent Q4 PAT +26% YoY standalone / +33% cons; first-ever 1:2 bonus issue + Rs 6/share dividend

Consumer Services (Retail)

Who it hits first

Trent stock positive on results + bonus

Who may gain

TRENT

Along the supply chain

Downstream

Mall operators (PHOENIXLTD, NEXUSREIT) benefit from Trent store rollout

Upstream

Textile suppliers (PAGEIND, ARVIND) may benefit from Zudio sourcing scale

Where demand moves

Business

Discretionary retail spend sustains; Trent gains share from traditional department stores

Capital

Bonus issue triggers retail inflows + passive flows (post ex-bonus re-weighting)

How it spreads across sectors

Consumer Services (Retail)

Trent reinforces category leader; others pressured

Real Estate (Retail)

Mall tenant leasing + SSSG correlated with Trent expansion

When it plays out

Immediate

Stock re-rates post-results

Medium term

Store count ramp + SSSG trajectory determines sustained compounding

Short term

Bonus record date triggers retail accumulation

Dividends, splits & big trades

Money paid out, share splits and buybacks, and big buys or sells by funds and insiders.

Dividends

17 Jul 2026	unspecified	₹1
23 Jun 2025	bonus	₹0
18 Aug 2022	unspecified	₹0.75
24 Jul 2019	unspecified	₹1.7
20 Jun 2018	unspecified	₹2
8 Sep 2017	unspecified	₹1.25
20 Sep 2016	unspecified	₹0.1
28 Mar 2016	interim	₹1.15

Splits, bonuses & buybacks

daily-prices repair: 9 rows from NSE's archive (replace 1, delete 1, insert 7), 2016-10-30..2026-02-01 (docs/flat_day_repair.md)1× · 30 Oct 2016

Documents

Annual reports, results presentations and earnings calls, straight from the source.

Facts from company filings and exchange data. Not investment advice: nothing here tells you to buy or sell.