V-Mart Retail Ltd.

•

vmart.co.inBSE: 534976NSE: VMART

Market Cap₹ 6,430 Cr.

Current Price

High / Low₹ 888 / 458

Stock P/E46.7

Book Value₹ 123

Price to Book4.06

Dividend Yield0.12 %

ROCE23.6 %

ROE14.4 %

Face Value₹ 10

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ABOUT

KEY POINTS

Revenue Breakup Mar 2026 • Retail Trade: 99.3% • Digital Market Place: 0.7%

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%

View full sector analysis →

PROS

Strong cash generation - operating cash flow backs reported profits (CFO/PAT 16.93x)
Latest quarter profit grew 40.5% YoY, showing strong momentum
Company has delivered good sales growth of 28.6% CAGR over last 5 years
Working capital cycle has improved - days down from 6 to 4
Company generates healthy free cash flow
Company maintains a comfortable, low leverage position

CONS

Company has a low return on equity of 2.7% over last 3 years
Recent results are weak - TTM profit is down 12.5% versus prior year
Recurring exceptional / one-off items are inflating headline profit

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

Peer comparison

Consumer ServicesRetailingRetailing

Part ofNIFTY MICROCAP250 NIFTY TOTAL MKT

S.No.	Name
1.	DMART	3687.90	78.66	240541.79	0.00	860.44	11.34	18794.53	14.88	18.03	7.98
2.	TRENT	2804.40	82.67	149544.98	0.14	518.07	21.98	5754.71	17.84	36.73	19.45
3.	VMM	101.50	53.31	47550.81	0.00	258.77	25.57	3727.01	18.68	19.24	14.61
4.	METROBRAND	939.90	63.04	25622.76	0.64	95.26	-3.58	720.36	14.66	35.77	29.85
5.	ABLBL	83.43	57.86	10182.81	0.60	29.02	20.62	2045.74	11.15	27.34	15.06
6.	PNGJL	613.50	20.26	9030.88	0.00	105.33	51.91	2412.98	40.73	21.80	7.56
7.	V2RETAIL	218.05	44.50	7950.92	0.00	41.85	69.70	997.20	57.73	38.43	13.99
8.	AVL	614.65	57.11	7937.47	0.20	77.22	39.99	1192.68	26.85	20.82	10.44
9.	MEDPLUS	660.40	37.70	7933.85	0.00	33.17	-21.67	1879.60	21.84	22.22	7.09
10.	EMIL	188.35	35.15	7246.74	0.00	120.64	458.07	2418.95	39.07	11.84	9.88
11.	ETHOSLTD	2639.25	67.99	7062.02	0.00	28.66	50.71	461.71	33.32	13.70	12.97
12.	VMART	808.10	46.73	6430.49	0.12	47.21	40.51	1088.81	23.00	23.56	14.75

Detailed Comparison with:

Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

	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
	679	549	889	669	786	661	1,027	780	885	807	1,126	971	10,888
	626	549	769	628	687	622	855	712	759	735	917	865	10,319
Operating Profit	52	1	120	40	99	39	171	68	126	72	210	106	569
OPM %	7.73%	0.12%	13.46%	6.02%	12.59%	5.84%	16.69%	8.74%	14.25%	8.86%	18.60%	10.95%	5.22%
	2	2	13	4	5	2	3	27	3	3	2	6	26
Interest	33	36	38	36	37	39	42	17	18	17	21	19	198
Depreciation	50	53	58	61	57	59	63	54	68	71	78	80	840
Profit before Tax	-29	-86	37	-52	9	-58	70	23	43	-14	113	13	595
Tax %	24.24%	25.80%	23.45%	25.14%	-30.26%	2.55%	-2.71%	19.13%	21.75%	34.83%	22.07%	10.05%	20.68%
Net Profit	-22	-64	28	-39	12	-57	72	19	34	-9	88	11	472
	-11.10	-32.43	14.28	-19.68	1.54	-7.14	9.04	2.34	4.23	-1.12	11.08	1.49	5.94

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	1,002	1,222	1,434	1,662	1,075	1,666	2,465	2,786	3,254	3,789	3,993
	914	1,086	1,297	1,443	940	1,457	2,188	2,565	2,870	3,269	3,549
Operating Profit	88	137	137	219	135	209	277	221	384	520	444
OPM %	8.79%	11.18%	9.55%	13.16%	12.56%	12.55%	11.22%	7.93%	11.81%	13.72%	11.12%
	4	4	-4	4	21	14	15	21	36	14	14
Interest	7	5	6	60	63	82	125	150	143	82	77
Depreciation	19	23	28	94	103	131	180	222	233	297	313
Profit before Tax	67	112	100	70	-10	10	-13	-130	44	155	171
Tax %	34.30%	30.91%	38.26%	29.03%	35.82%	-11.97%	39.66%	25.85%	-4.12%	19.89%	19.70%
Net Profit	44	78	62	49	-6	12	-8	-97	46	124	138
EPS	24.22	42.79	33.90	27.17	-3.37	5.88	-3.97	-48.92	23.12	15.61	—
Dividend Payout %	5.14%	4.66%	5.00%	0.00%	0.00%	12.72%	0.00%	0.00%	0.00%	6.41%	—

COMPOUNDED SALES GROWTH

10 Years:: 17%
5 Years:: 29%
3 Years:: 15%

COMPOUNDED PROFIT GROWTH

10 Years:: 16%
5 Years:: —
3 Years:: —

STOCK PRICE CAGR

10 Years:: 20%
5 Years:: -1%
3 Years:: 14%
1 Year:: 8%

RETURN ON EQUITY

10 Years:: 8%
5 Years:: 2%
3 Years:: 3%
Last Year:: 14%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

	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	20	20	20	20	20	79
	251	328	387	435	799	819	816	721	768	851
	39	5	28	439	531	843	1,256	1,304	590	713
Trade Payables	160	167	148	197	192	291	488	634	513	491
	14	23	38	119	67	88	109	85	460	569
Total Liabilities	483	541	620	1,208	1,608	2,061	2,689	2,763	2,351	2,704
	117	145	165	667	697	1,111	1,445	1,661	1,039	1,366
Capital Work in Progress	1	4	4	2	2	6	109	4	4	8
	72	34	61	8	319	125	9	5	5	18
	269	307	329	478	428	668	871	816	987	988
Cash & Bank	3	18	19	5	27	35	18	27	39	20
	20	33	42	47	134	115	238	251	277	304
Total Assets	483	541	620	1,208	1,608	2,061	2,689	2,763	2,351	2,704

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	93	96	110	110	153	1	195	386	349	501
Cash from Investing	-73	-8	-73	1	-419	124	-159	-118	-122	-174
Cash from Financing	5	-38	-4	-94	287	-104	-33	-259	-215	-346
	1	11	-1	-8	17	8	-15	9	12	-20

Ratios

Consolidated Figures in Rs. Crores / View Standalone

	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026

Shareholding Pattern

Numbers in percentages

	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	44.33	44.31	44.29	44.28	44.19	44.18	44.15	44.20	44.15
	15.46	16.02	17.32	17.48	18.29	17.46	17.01	16.92	16.47
	32.62	32.79	32.45	32.93	31.51	32.11	32.46	31.87	30.90
Government	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
	7.59	6.88	5.94	5.32	6.02	6.26	6.38	7.02	8.48

Documents

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

2026-08-24

Spurt in Volume

2026-08-24 - Significant increase in volume has been observed in V-Mart Retail Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, had written to the company. V-Mart Retail Limited has submitted their response.

2026-08-21

Spurt in Volume

2026-08-21 - Significant increase in volume has been observed in V-Mart Retail Limited. The Exchange, in order to ensure that investors have latest relevant information about the company and to inform the market place so that the interest of the investors is safeguarded, has written to the company. The response from the company is awaited.

2026-08-13

General Updates

2026-08-13 - V-Mart Retail Limited has informed the Exchange about the Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015

2026-08-11

Press Release

2026-08-11 - V-Mart Retail Limited has informed the Exchange regarding a press release dated August 11, 2026, titled "V-Mart Retail launches Its 600th Store".

2026-08-07

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-07 - V-Mart Retail Limited has informed the Exchange about Schedule of meet

2026-08-04

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-04 - V-Mart Retail Limited has informed the Exchange about Schedule of meet

2026-08-03

Analysts/Institutional Investor Meet/Con. Call Updates

2026-08-03 - V-Mart Retail Limited has informed the Exchange about Schedule of meet

2026-07-30

Shareholders meeting

2026-07-30 - V-Mart Retail Limited has submitted the Exchange a copy Srutinizers report of Annual General Meeting held on July 30, 2026. Further, the company has informed the Exchange regarding voting results.

2026-07-30

General Updates

2026-07-30 - V-Mart Retail Limited has informed the Exchange about Recording of 24th Annual General Meeting of the Company

News

Recent coverage and analyst commentary for VMART

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V-Mart Retail Ltd.

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Free 5nance Account

Name

DMART

3687.90

78.66

240541.79

0.00

860.44

11.34

18794.53

14.88

18.03

7.98

TRENT

2804.40

82.67

149544.98

0.14

518.07

21.98

5754.71

17.84

36.73

19.45

VMM

101.50

53.31

47550.81

0.00

258.77

25.57

3727.01

18.68

19.24

14.61

METROBRAND

939.90

63.04

25622.76

0.64

95.26

-3.58

720.36

14.66

35.77

29.85

ABLBL

83.43

57.86

10182.81

0.60

29.02

20.62

2045.74

11.15

27.34

15.06

PNGJL

613.50

20.26

9030.88

0.00

105.33

51.91

2412.98

40.73

21.80

7.56

V2RETAIL

218.05

44.50

7950.92

0.00

41.85

69.70

997.20

57.73

38.43

13.99

AVL

614.65

57.11

7937.47

0.20

77.22

39.99

1192.68

26.85

20.82

10.44

MEDPLUS

660.40

37.70

7933.85

0.00

33.17

-21.67

1879.60

21.84

22.22

7.09

EMIL

188.35

35.15

7246.74

0.00

120.64

458.07

2418.95

39.07

11.84

9.88

ETHOSLTD

2639.25

67.99

7062.02

0.00

28.66

50.71

461.71

33.32

13.70

12.97

VMART

808.10

46.73

6430.49

0.12

47.21

40.51

1088.81

23.00

23.56

14.75

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

679

549

889

669

786

661

1,027

780

885

807

1,126

971

10,888

626

549

769

628

687

622

855

712

759

735

917

865

10,319

Operating Profit

120

171

126

210

106

569

OPM %

7.73%

0.12%

13.46%

6.02%

12.59%

5.84%

16.69%

8.74%

14.25%

8.86%

18.60%

10.95%

5.22%

Interest

198

Depreciation

840

Profit before Tax

-29

-86

-52

-58

-14

113

595

Tax %

24.24%

25.80%

23.45%

25.14%

-30.26%

2.55%

-2.71%

19.13%

21.75%

34.83%

22.07%

10.05%

20.68%

Net Profit

-22

-64

-39

-57

-9

472

-11.10

-32.43

14.28

-19.68

1.54

-7.14

9.04

2.34

4.23

-1.12

11.08

1.49

5.94

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

TTM

1,002

1,222

1,434

1,662

1,075

1,666

2,465

2,786

3,254

3,789

3,993

914

1,086

1,297

1,443

940

1,457

2,188

2,565

2,870

3,269

3,549

Operating Profit

137

219

135

209

277

221

384

520

444

OPM %

8.79%

11.18%

9.55%

13.16%

12.56%

12.55%

11.22%

7.93%

11.81%

13.72%

11.12%

-4

Interest

125

150

143

Depreciation

103

131

180

222

233

297

313

Profit before Tax

112

100

-10

-13

-130

155

171

Tax %

34.30%

30.91%

38.26%

29.03%

35.82%

-11.97%

39.66%

25.85%

-4.12%

19.89%

19.70%

Net Profit

-6

-8

-97

124

138

EPS

24.22

42.79

33.90

27.17

-3.37

5.88

-3.97

-48.92

23.12

15.61

—

Dividend Payout %

5.14%

4.66%

5.00%

0.00%

12.72%

0.00%

6.41%

—

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Equity Capital

251

328

387

435

799

819

816

721

768

851

439

531

843

1,256

1,304

590

713

Trade Payables

160

167

148

197

192

291

488

634

513

491

119

109

460

569

Total Liabilities

483

541

620

1,208

1,608

2,061

2,689

2,763

2,351

2,704

117

145

165

667

697

1,111

1,445

1,661

1,039

1,366

Capital Work in Progress

109

319

125

269

307

329

478

428

668

871

816

987

988

Cash & Bank

134

115

238

251

277

304

Total Assets

483

541

620

1,208

1,608

2,061

2,689

2,763

2,351

2,704

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

110

153

195

386

349

501

Cash from Investing

-73

-8

-73

-419

124

-159

-118

-122

-174

Cash from Financing

-38

-4

-94

287

-104

-33

-259

-215

-346

-1

-8

-15

-20

Mar 2017

Mar 2018

Mar 2019

Mar 2020

Mar 2021

Mar 2022

Mar 2023

Mar 2024

Mar 2025

Mar 2026

Jun 2024

Sep 2024

Dec 2024

Mar 2025

Jun 2025

Sep 2025

Dec 2025

Mar 2026

Jun 2026

44.33

44.31

44.29

44.28

44.19

44.18

44.15

44.20

44.15

15.46

16.02

17.32

17.48

18.29

17.46

17.01

16.92

16.47

32.62

32.79

32.45

32.93

31.51

32.11

32.46

31.87

30.90

Government

0.00

7.59

6.88

5.94

5.32

6.02

6.26

6.38

7.02

8.48

V-Mart Retail 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

V-Mart Retail 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