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Prices as of 8 Oct 2026 close · Not investment advice

Vishal Mega Mart Limited

NSE: VMMDiversified Retail

Share price

₹97.00

-3.48% close of 8 Oct 2026

Market cap ₹45,328 CrP/E 50.8

Business score

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

73

out of 100 · worked out 8 Oct 2026

Your ratios

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

Market cap

₹45,328 Cr

P/E ratio

50.8

P/B ratio

6.1

ROCE

15.2%

ROE

12.2%

Dividend yield

0.0%

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 8 Oct 2026 close52-week high ₹150.1752-week low ₹97.00

Answers

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

How fast it has been growing

Sales grew 19.8% over the past year, and 13.9% a year over its longer record. Meanwhile what it keeps of every 100 rupees of sales improved from 14.0% to 14.5% over the last two years.

Whether it grew faster than its sector

It grew 13.9% a year against a sector median of 13.9% — 0.0 percentage points slower.

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 1.3 times its growth rate, on earnings growth of 39%.

Profit growthPrice per ₹1 profitPer 1% growth
Vishal Mega Mart Limited — this one39%/yr50.8×₹1.3
Avenue Supermarts Limited8%/yr76.4×₹9.6
Electronics Mart India Limited-7%/yr38.0×—
V-Mart Retail Limited144%/yr46.8×—
Shoppers Stop Limited———
Patel Retail Limited34%/yr18.2×₹0.54

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 4 of 9 on returns, 5 of 9 on growth, 2 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?

A narrow advantage: it earns 15.2% on capital, ahead of 56% 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 ₹5143 crore of cash from the business, spent ₹1206 crore on plant and equipment, and returned ₹3212 crore to lenders and shareholders. And the profit is real: of every 100 rupees it reported over 7 years, about 258 arrived as cash — well above the profit; depreciation and interest are the reason, not a windfall. Its cash comes back more slowly than it used to: it went from being paid 40 days before it paid its own suppliers to paid 5 days before it paid its own suppliers.

Profit reality check

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

8 of 9 checks clear · 89%

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
₹45,328 Cr
Prev close
₹97.00
52w High
₹151
52w Low
₹96.8
Enterprise value
₹45,602 Cr
Beta
1.1
Price CAGR 1y
-33.0%
Price CAGR 3y
—
Price CAGR 5y
—
Price CAGR 10y
—

Ratios

Return on assets
7.3%
PEG ratio
1.3
P/E ratio
50.8
P/B ratio
6.1
EV / EBITDA
23.1
Industry P/E
42.2
ROCE
15.2%
ROCE 5y average
11.4%
ROE
12.2%
Debt / Equity
0.3
Interest coverage
6.5
Dividend yield
0.0%
ROE 3y average
11.0%
ROE last year
12.0%

Annual P&L

Annual revenue
₹12,906 Cr
Annual profit
₹839 Cr
Operating margin
15.0%
Net profit margin
6.5%
EBITDA margin
14.9%
Sales growth 3y
19.4%
Sales growth 5y
23.7%
Profit growth 3y
39.0%
Profit growth 5y
48.0%
EPS
₹1.8
Sales growth TTM
20.0%
Profit growth TTM
30.0%
Dividend payout
0.0%

Quarter P&L

Sales latest quarter
₹3,727 Cr
Profit latest quarter
₹259 Cr
YoY quarterly sales growth
18.7%
YoY quarterly profit growth
25.7%
OPM latest quarter
14.6%

Balance Sheet

Book Value
₹15.9
Face Value
₹10.0
Total debt
₹1,988 Cr
Total cash
₹595 Cr
Borrowings
₹1,988 Cr
Reserves / Equity
0.6

Cash Flow

Operating cash flow
₹1,621 Cr
Free cash flow
₹1,299 Cr
FCF yield
2.4%
Net cash flow
₹133 Cr

Shareholding

Promoter holding
40.0%
FII holding
18.8%
DII holding
36.5%
Public holding
4.8%

Peer comparison

CompanyPrice ₹P/EMkt cap ₹ CrDiv yield %Profit qtr ₹ CrProfit var %Sales qtr ₹ CrSales var %ROCE %
Avenue Super.3,580.0076.42,33,5040.00860.411.318,794.514.917.2
Vishal Mega Mart97.3051.145,5830.00258.825.63,727.018.715.2
Electronics Mart193.6038.07,4490.00120.6351.32,419.039.18.2
V-Mart Retail806.9046.36,4210.1247.240.51,088.823.013.2
Shoppers Stop384.754,2400.00-14.39.51,291.411.27.0
Keto Motors226.006122.41,5920.000.44500.06.3-0.3
Patel Retail225.0018.17520.009.537.6309.569.715.6
Median225.0038.01,5920.006.940.5494.922.213.2

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, V-Mart Retail Limited

Quarterly results

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

Consolidated · to 30 Jun 2026
Line itemSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales4,2192,6242,0692,5962,4363,1362,5483,1402,9813,6703,1143,727
Expenses2,1971,8182,2312,1342,6312,1912,6812,5873,0652,6893,182
Material Cost000000
Change in Inventories-317155-518406-209127
Purchases of Stock-in-Trade2,1452,0942,6562,1982,4562,531
Employee Cost167171176192189214
Other Expenses196261272269253310
Operating Profit427251366302505357459395605425545
OPM %141612141216141513161415
Other Income10781319191720252533
Exceptional items (within Other Income)000000
Interest3336343431494141434646
Depreciation132136138141141171159169168178185
Profit before tax27285201141352156276204419225346
Tax %2528252625262525252525
Net Profit20561150104263115206152313168259
EPS in Rs0.460.140.330.230.580.250.440.330.670.360.55
Diluted EPS in Rs0.250.440.320.660.360.55

Profit & loss

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

Consolidated · to 31 Mar 2026
Line itemMar 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
Material Cost00
Change in Inventories-385-166
Purchases of Stock-in-Trade8,0499,404
Employee Cost641728
Other Expenses8821,056
Operating Profit6576258261,0441,2761,5641,9181,969
OPM %1214151414151515
Other Income201166233325684102
Exceptional items (within Other Income)00
Interest236232213185170180204177
Depreciation340346406461517590673700
Profit before tax1011632704316218491,1251,195
Tax %55272525262625
Net Profit45119203321462632839892
EPS in Rs0.100.260.450.711.021.371.801.91
Diluted EPS in Rs1.361.79
Dividend Payout %-0-0-0-0-0-0-0

Compounded growth

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

Compounded sales growth

10 years
—
5 years
24%
3 years
19%
TTM
20%

Compounded profit growth

10 years
—
5 years
48%
3 years
39%
TTM
30%

Stock price CAGR

10 years
—
5 years
—
3 years
—
1 year
-33%

Return on equity

10 years
—
5 years
9%
3 years
11%
Last year
12%

Balance sheet

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

Consolidated
Line itemMar 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
Minority Interest0
Total Liabilities7,3927,9058,2188,2898,5069,99311,449
Fixed Assets5,7364,6435,8025,8936,1836,5356,882
CWIP20111169381434
Investments8754741735-03871,119
Other Assets1,5492,7041,9882,2932,2843,0573,415
Total Assets7,3927,9058,2188,2898,5069,99311,449

Cash flows

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

Consolidated
Line itemMar 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

Ratios

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

Consolidated
Line itemMar 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 %889111415

Shareholding pattern

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

Consolidated · to 30 Sep 2026
Line itemDec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026Sep 2026
Promoters7675545454404040
FIIs6.587.03131516222019
DIIs9.9012272525333536
Public7.516.205.615.084.925.134.684.77
No. of Shareholders9,33,2277,39,8676,62,9066,74,2006,52,3526,41,3096,25,5676,43,004

Price trend

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

Change over 1 year -34.5% (₹148.17 → ₹97.00)Brick size ₹3.13 (fixed)Bricks 36
₹120₹140₹97.00Nov '25Feb '26Apr '26Jul '26Sep '26
Price moved up one brickPrice moved down one brickLast close ₹97.00 on 8 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

274inr_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)

58,89,655inr

2026-03-31

same-store sales growth %

10.00pct

2026-06-30

stores / outlets at period end

819count

2026-06-30

News

News and filings about Vishal Mega Mart Limited. Open one to see why it matters.

No recent news for this company.

Supply chain

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

Competes with

Uses as raw material

  • Own-brand (private-label) apparel / contract-manufactured garments
  • Private-label FMCG & general merchandise stock-in-trade

Depends on the price of

  • Crude Oil Brent
  • cotton

Buys from

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
INE01EA01019

News impact

Big market events that reach Vishal Mega Mart Limited, and how the effect spreads.

Who it hits first

  • Telangana food-safety officers suspended the licences of Swiggy Instamart, Flipkart and Zepto dark stores after finding expired food, pest-infested articles and rotting vegetables.
  • A dark store is a small warehouse that packs 10-minute grocery deliveries, so a suspended licence means zero sales from that store until it passes re-inspection.
  • Swiggy is the only listed name directly hit, since Flipkart and Zepto are unlisted and carry no stock signal.

Who may gain

  • Avenue Supermarts, the DMART grocery-store chain, catches weekly baskets diverted from shut dark stores in Telangana neighbourhoods.
  • Vishal Mega Mart, the budget grocery and clothing retailer, picks up price-sensitive shoppers avoiding suspended quick-commerce apps.
  • No supplier or rider gains — snack makers lose a sales channel and delivery riders lose shifts while stores stay shut.
  • Flipkart and Zepto are unlisted, so their share of the pain carries no stock signal here.

Along the supply chain

Downstream

Delivery riders attached to shut dark stores lose shifts and payouts, while shoppers fall back on kirana shops, DMART and Vishal Mega Mart for the weekly basket.

Upstream

Snack and staple suppliers that fed the shut stores — Bikaji Foods (packaged snacks) and KRBL (rice) are named Swiggy suppliers in the graph — lose a Telangana sales channel, though neither has a fundamentals row here so no signal can be written for them.

Where demand moves

Business

Grocery orders that flowed through Instamart, Flipkart and Zepto apps in Telangana reroute to DMART stores, Vishal Mega Mart outlets and kirana shops until licences return.

Capital

Investors mark down quick-commerce exposure on regulatory risk while nudging grocery-retail names up on the diverted demand, keeping food-delivery multiples under watch.

How it spreads across sectors

Consumer Services

Quick-commerce and food-delivery names face licence and headline risk, QSR chains wear mild spillover scrutiny, while store-based grocers absorb the diverted weekly shop.

A pattern seen before

Cascade chain

Pattern name

Crude Oil Cascade

Patterns

  • Crude Oil Cascade

Sectors queried

  • Cement
  • Chemicals
  • FMCG
  • Power

When it plays out

Immediate

In 1-7 days Swiggy slips on the headline while grocers firm; watch for the re-inspection schedule and any extension to other cities.

Medium term

In 1-6 months the episode fades if licences return fast, but a wider hygiene drive would raise compliance costs across quick commerce.

Short term

In 1-4 weeks QSR and delivery names trade on whether copycat raids appear in other states or the matter stays a Telangana-only cleanup.

16 Aug, 04:30 IST · Market event · medium impact

Indian textile makers face a margin squeeze as higher wages meet rising cotton, yarn and petrochemical prices, forcing companies to absorb inflation and rethink expansion

Cloth and garment makers are paying more for cotton, yarn and man-made fibre at the same time as wage bills rise, and they cannot pass all of it on - so profits get squeezed hardest at spinners, where raw cotton is almost the entire cost.

TextilesConsumer Services

Who it hits first

  • Spinners take the squeeze first and hardest because raw cotton is close to their entire cost base - Nitin Spinners at 91.3% and Sportking at 69.65%
  • Garment makers and retailers face the same inflation one step later, through higher fabric and garment sourcing costs plus their own wage bills
  • Companies are reported to be rethinking expansion plans, which converts a margin story into a deferred capital-expenditure story

Who may gain

  • Cotton growers and agricultural commodity traders capture the higher raw cotton price
  • Man-made fibre producers gain if buyers substitute polyester for expensive cotton, though rising petrochemical prices blunt that advantage
  • Vertically integrated players that grow or contract their own cotton supply are relatively better placed than merchant buyers

Along the supply chain

Downstream

Garment brands and apparel retailers face higher fabric and finished-garment sourcing costs with a lag of roughly a quarter; export-facing garment makers are squeezed hardest because overseas buyers negotiate on annual contracts and will not accept a mid-contract price rise.

Upstream

Cotton growers, ginners and agricultural traders are the winners of this move - they sell the input whose price is rising, and the reported absorption by manufacturers means their volumes are not falling. Man-made fibre producers face their own petrochemical cost inflation, so they cannot undercut cotton as cheaply as usual.

Where demand moves

Business

Higher raw cotton prices move up the chain from ginners to spinners to weavers to garment makers to retailers, with each step absorbing part of the increase because the step below will not accept a full pass-through. The reported response is that manufacturers are absorbing the inflation rather than repricing, which means the demand for cotton itself does not fall - the volume keeps flowing, only the profit split changes, shifting value from converters back to raw cotton sellers.

Capital

Money exits the cost-exposed spinners and leveraged garment retailers and rotates towards the vertically integrated and low-debt names within the same sector, and towards sectors with no raw material inflation this quarter. Because companies are also deferring expansion, capital that would have funded new spindles stays uncommitted, which is a second-order negative for textile machinery suppliers.

How it spreads across sectors

Consumer Services

apparel retailers absorb higher garment sourcing costs on top of their own wage and rent inflation

Textiles

margin compression concentrated in spinners where cotton is nearly the whole cost base, plus deferred capacity expansion

Commodity angle

Commodity

cotton

Commodity move unresolved reason

the ranker read a +1.92% move for cotton, marginally inside its +/-2% deadband, so per-company signs fall back to the edge role; the Neo4j 1-month change of +3.82% is used for the margin impact calculation and both point the same way (cotton rising, consumers hurt), so the direction is not in doubt

Price updated at

2026-08-14T11:56:36.673Z

Shock type

cost

Unit

USD/lb

When it plays out

Immediate

Spinner margins compress in the current quarter with no offsetting price rise available

Medium term

Deferred expansion plans mean less new spinning capacity in 12-18 months, which would eventually tighten yarn supply and restore pricing power to the survivors

Short term

Watch whether yarn prices catch up to raw cotton - that lag of about a quarter is what determines whether the squeeze is temporary or structural

Dividends, splits & big trades

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

Splits, bonuses & buybacks

  • daily-prices repair: 3 rows from NSE's archive (replace 1, delete 1, insert 1), 2025-03-18..2026-02-01 (docs/flat_day_repair.md)1× · 18 Mar 2025

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.