Meesho Ltd.

•

meesho.comBSE: 544632NSE: MEESHO

Market Cap₹ 1,00,828 Cr.

Current Price

High / Low₹ 254 / 126

Stock P/E—

Book Value₹ 8

Price to Book16.22

Dividend Yield0.00 %

ROCE-41.2 %

ROE-59.4 %

Face Value₹ 1

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Marketplace: 99.9% • New Initiatives: 0.1%

AI Sector View

AI GENERATED

Consumer Services

Buy

Consumer services have a mixed operating backdrop but strong market sponsorship. Foreign tourist arrivals in India rose 6.0% YoY (2026-06), export of services grew 13.0% YoY (2026-06), and headline tourist arrivals were 584000 (Jun/26), though airport passenger traffic was -2.0% YoY (2026-06). Strong FPI inflow of INR 19847 crore over 3 months to 2026-08-31 supports a Buy stance despite some travel softness.

Confidence

73%

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PROS

Company is almost debt free
Operating margins have improved to -11.6% from -28.6%
Company converts assets efficiently - asset turnover of 1.7x

CONS

Company is loss-making at the operating / net level
Operating cash flow has been negative in recent years
Receivables are growing faster than sales - a possible quality concern
Company has a low return on equity of -164.1% over last 3 years
Interest coverage is weak at -133.9x - earnings barely cover interest
Company has a low return on capital employed of -44.5%

* The pros and cons are machine generated based on quantitative rules.

Peer comparison

Consumer ServicesRetailinge-Commerce

Part ofNIFTY TOTAL MKT NIFTY 500 NIFTY SMLCAP 250

S.No.	Name
1.	ETERNAL	320.50	714.30	309293.74	0.00	92.00	268.00	20211.00	182.00	3.29	2.94
2.	MEESHO	217.95	70.54	100828.48	0.00	-1328.35	-359.07	37128.11	1382.83	-41.16	-6.05
3.	NYKAA	342.25	382.74	98030.49	0.00	79.76	225.95	2782.00	29.10	20.15	8.48
4.	SWIGGY	279.00	0.00	77012.75	0.00	-791.00	33.92	6812.00	37.31	-27.59	-9.56
5.	INDIAMART	1638.35	19.97	9853.55	3.66	172.20	12.18	414.40	11.37	28.39	31.83
6.	SHIPROCKET	129.35	0.00	9411.22	0.00	-137.14	—	5920.87	—	-3.02	-1.84
7.	FIRSTCRY	171.30	70.17	8943.41	0.00	-43.95	33.91	2106.23	13.08	-0.20	2.83
8.	IBULLSLTD	24.66	13.72	5751.22	0.00	1410.20	53516.67	3594.50	—	0.00	42.82
9.	MSTCLTD	737.80	22.17	5194.11	2.13	58.22	37.50	94.24	21.71	30.28	61.36
10.	ISFT	81.49	9.69	132.92	0.00	4.54	10.85	139.63	8.25	6.12	3.50

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	2,679	2,400	2,504	3,074	3,518	3,531	3,713
	2,809	2,631	2,778	3,530	4,056	3,786	3,959
Operating Profit	-131	-231	-274	-456	-539	-255	-246
OPM %	-4.88%	-9.62%	-10.93%	-14.84%	-15.32%	-7.22%	-6.64%
	160	-1,158	218	136	75	116	114
Interest	2	1	1	1	4	2	2
Depreciation	12	5	8	9	11	19	20
Profit before Tax	15	-1,395	-240	-330	-479	-160	-133
Tax %	342.33%	0.25%	-20.52%	-24.47%	-2.52%	-3.91%	-0.00%
Net Profit	0	0	-289	-411	-491	-166	-133
	-0.09	-3.39	-0.68	-0.97	-1.14	-0.36	-0.28

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	5,735	7,615	9,390	12,626	13,835
	7,538	8,109	9,968	14,111	15,332
Operating Profit	-1,804	-494	-579	-1,485	-1,496
OPM %	-31.45%	-6.49%	-6.16%	-11.76%	-10.82%
	163	231	-835	332	441
Interest	1	6	7	9	10
Depreciation	30	58	34	47	58
Profit before Tax	-1,672	-328	-1,455	-1,209	-1,102
Tax %	-0.00%	-0.00%	-170.93%	-12.28%	-9.00%
Net Profit	-1,672	-328	-3,942	-1,358	-1,201
EPS	-4.43	0.00	-14491.56	-2.97	—
Dividend Payout %	—	0.00%	0.00%	0.00%	—

COMPOUNDED SALES GROWTH

10 Years:: —
5 Years:: —
3 Years:: 30%

COMPOUNDED PROFIT GROWTH

10 Years:: —
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: —
5 Years:: —
3 Years:: —
1 Year:: —

RETURN ON EQUITY

10 Years:: —
5 Years:: —
3 Years:: -164%
Last Year:: -59%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	0	0	0	456
	1,763	1,299	616	3,500
	0	58	42	35
Trade Payables	834	875	1,071	1,570
	1,256	1,929	5,496	2,345
Total Liabilities	3,853	4,161	7,226	7,907
	56	112	96	195
	2,344	744	4,983	1,210
	0	0	0	6
Cash & Bank	109	141	378	1,893
	1,345	3,164	1,768	4,602
Total Assets	3,853	4,161	7,226	7,907

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	-2,298	220	539	-3,875
Cash from Investing	498	-166	-2,635	247
Cash from Financing	-12	-11	2,105	4,101
	-1,822	43	9	473

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Dec 2025	Mar 2026	Jun 2026
	16.76	16.57	16.41
	3.98	4.17	5.19
	4.21	5.56	9.14
Government	0.00	0.00	0.00
	75.04	73.71	69.26

Documents

Corporate disclosures, annual reports, credit ratings, and concall transcripts

2026-09-11

Corrigendum

2026-09-11 - Meesho Limited has informed the Exchange regarding Corrigendum to Notice of Annual General Meeting to be held on September 18, 2026

2026-09-11

Amendment to AOA/MOA

2026-09-11 - Meesho Limited has informed the Exchange regarding the Amendment to AOA/MOA of the company.

2026-09-10

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-10 - Meesho Limited has informed the Exchange about Schedule of meet

2026-09-09

Change in Management

2026-09-09 - Meesho Limited has informed the Exchange about change in Senior Management Personnel.

2026-09-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-09-07 - Meesho Limited has informed the Exchange about Schedule of meet

2026-09-03

ESOP/ESOS/ESPS

2026-09-03 - Meesho Limited has informed the Exchange regarding Grant of 15556 Options.

2026-09-03

ESOP/ESOS/ESPS

2026-09-03 - Meesho Limited has informed the Exchange regarding Allotment of 1352253 Equity Shares pursuant to exercise of ESOP

2026-08-28

General Updates

2026-08-28 - Meesho Limited has informed the Exchange about Communication sent to the shareholders with respect to the Annual Report including Notice of the Annual General Meeting of the Company for Financial Year 2025-26

2026-08-25

Copy of Newspaper Publication

2026-08-25 - Meesho Limited has informed the Exchange about Newspaper publication w.r.t Dispatch of Notice of the 11th Annual General Meeting of the Company.

News

Recent coverage and analyst commentary for MEESHO

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Meesho Ltd.

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Free 5nance Account

Name

ETERNAL

320.50

714.30

309293.74

0.00

92.00

268.00

20211.00

182.00

3.29

2.94

MEESHO

217.95

70.54

100828.48

0.00

-1328.35

-359.07

37128.11

1382.83

-41.16

-6.05

NYKAA

342.25

382.74

98030.49

0.00

79.76

225.95

2782.00

29.10

20.15

8.48

SWIGGY

279.00

0.00

77012.75

0.00

-791.00

33.92

6812.00

37.31

-27.59

-9.56

INDIAMART

1638.35

19.97

9853.55

3.66

172.20

12.18

414.40

11.37

28.39

31.83

SHIPROCKET

129.35

0.00

9411.22

0.00

-137.14

—

5920.87

—

-3.02

-1.84

FIRSTCRY

171.30

70.17

8943.41

0.00

-43.95

33.91

2106.23

13.08

-0.20

2.83

IBULLSLTD

24.66

13.72

5751.22

0.00

1410.20

53516.67

3594.50

—

0.00

42.82

MSTCLTD

737.80

22.17

5194.11

2.13

58.22

37.50

94.24

21.71

30.28

61.36

ISFT

81.49

9.69

132.92

0.00

4.54

10.85

139.63

8.25

6.12

3.50

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

2,679

2,400

2,504

3,074

3,518

3,531

3,713

2,809

2,631

2,778

3,530

4,056

3,786

3,959

Operating Profit

-131

-231

-274

-456

-539

-255

-246

OPM %

-4.88%

-9.62%

-10.93%

-14.84%

-15.32%

-7.22%

-6.64%

160

-1,158

218

136

116

114

Interest

Depreciation

Profit before Tax

-1,395

-240

-330

-479

-160

-133

Tax %

342.33%

0.25%

-20.52%

-24.47%

-2.52%

-3.91%

-0.00%

Net Profit

-289

-411

-491

-166

-133

-0.09

-3.39

-0.68

-0.97

-1.14

-0.36

-0.28

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

5,735

7,615

9,390

12,626

13,835

7,538

8,109

9,968

14,111

15,332

Operating Profit

-1,804

-494

-579

-1,485

-1,496

OPM %

-31.45%

-6.49%

-6.16%

-11.76%

-10.82%

163

231

-835

332

441

Interest

Depreciation

Profit before Tax

-1,672

-328

-1,455

-1,209

-1,102

Tax %

-0.00%

-170.93%

-12.28%

-9.00%

Net Profit

-1,672

-328

-3,942

-1,358

-1,201

EPS

-4.43

0.00

-14491.56

-2.97

—

Dividend Payout %

—

0.00%

—

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

456

1,763

1,299

616

3,500

Trade Payables

834

875

1,071

1,570

1,256

1,929

5,496

2,345

Total Liabilities

3,853

4,161

7,226

7,907

112

195

2,344

744

4,983

1,210

Cash & Bank

109

141

378

1,893

1,345

3,164

1,768

4,602

Total Assets

3,853

4,161

7,226

7,907

Mar 2023

Mar 2024

Mar 2025

Mar 2026

-2,298

220

539

-3,875

Cash from Investing

498

-166

-2,635

247

Cash from Financing

-12

-11

2,105

4,101

-1,822

473

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Dec 2025

Mar 2026

Jun 2026

16.76

16.57

16.41

3.98

4.17

5.19

4.21

5.56

9.14

Government

0.00

75.04

73.71

69.26

Meesho Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI

Meesho Ltd.

AI Sector View

Peer comparison

Quarterly Results

Profit & Loss

Balance Sheet

Corporate actions

Cash Flows

Ratios

Shareholding Pattern

Documents

News

Sign in to Chat with AI