V-Mart Retail Limited
₹739.15-₹4.75 (-0.6%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹4,912 Cr
- P/E
- 48.8x
- EV / EBITDA
- 25.9x
- Revenue
- ₹3,254 Cr
- Net margin
- -3.5%
- ROCE
- 10.1%
Price chart
Technical chartScreen technicals →-11.8% over the last year
Daily closes.
Go deeper
Technical chart: candles, 9 moving averages, RSI, MACD and drawing tools
Performance
Price change over each period, before dividends.
- 1M
- -1.8%
- 3M
- -3.1%
- 6M
- +19.8%
- 1Y
- -11.8%
- 5Y
- -27.0%
52-week range
Day change -₹4.75 (-0.6%) from ₹744 to ₹739 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in VMART, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong cash conversion — FCF/PAT ratio of 4.93
Concerns1
- Low interest coverage ratio of 1.5x
Rule-based from financial data. Not advice.
About the company
V-Mart Retail Limited operates a chain of retail departmental stores in India. The company offers casual, formal, ethnic, sports and activewear, and inner wear for men; Western, ethnic, sports and activewear, inner, and night wear for women; and apparel for boys, girls, and infants, as well as inner wear and accessories.
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V-Mart Retail Limited operates a chain of retail departmental stores in India. The company offers casual, formal, ethnic, sports and activewear, and inner wear for men; Western, ethnic, sports and activewear, inner, and night wear for women; and apparel for boys, girls, and infants, as well as inner wear and accessories. It also provides non-apparel products, such as fashion accessories, footwear, home needs, bags/luggage, and toys and games; and general merchandise products, including personal and home essentials, package food, non-food, and staples; as well as home furnishings. The company was incorporated in 2002 and is headquartered in Gurugram, India.
- Sector
- Consumer Discretionary
- Shares outstanding
- 7.9 Cr shares
- ISIN
- INE665J01013
- BSE code
- 534976
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹4,912 Cr
- P/E
- 48.8x
- P/B
- 5.8x
- EV / EBITDA
- 25.9x
- EV / Sales
- 2.2x
- P/S
- 1.8x
- Earnings yield
- 2.0%
- 52-week high
- ₹870.15
- 52-week low
- ₹475.35
Profitability
- Operating margin
- 7.7%
- Net margin
- -3.5%
- EBITDA margin
- 8.4%
- ROE
- -13.0%
- ROCE
- 10.1%
- ROA
- -3.4%
- Dividend payout
- 0.0%
- Tax rate
- -26.0%
- Other income, % of PBT
- -14.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹3,254 Cr
- Revenue growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 16.8%
- Revenue CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 10.9%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹234 Cr
- EBITDA growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -17.6%
- Net profit growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- -147.4%
- Cash from operationsLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹386 Cr
- CFO growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 118.1%
- Free cash flowLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹12.0 Cr
- Asset growth, 1YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 3.7%
Solvency and efficiency
- Current ratio
- 1.67
- Debt / Equity
- 1.86
- Debt / Assets
- 0.49
- Debt / EBITDA
- 5.94
- Interest coverage
- 1.51
- Financial leverage
- 3.81
- CFO / Net profit
- -3.98
- Cash / Market cap
- 23.9%
- Cash per share
- ₹147.96
- Asset turnover
- 0.98
- Fixed asset turnover
- 1.68
- Capital intensity
- 0.60
- Debtor days
- 0 days
- Inventory turnover
- 2.24
- Cash conversion cycle
- 36 days
Where the revenue went
Some FY2025 lines are not reported, so the ones that are appear as a table.
| Line | FY2025 |
|---|---|
| Sales | ₹3,254 Cr |
| Expenses | ₹2,874 Cr |
| Operating profit | ₹380 Cr |
| Other income | ₹34 Cr |
| Interest | ₹136 Cr |
| Depreciation | ₹233 Cr |
| Profit before tax | ₹44 Cr |
| Tax and other | -₹2 Cr |
| Net profit | ₹46 Cr |
Revenue and net profit
Revenue grew 16.8% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹1,075 Cr | -₹6 Cr |
| FY2022 | ₹1,666 Cr | ₹12 Cr |
| FY2023 | ₹2,465 Cr | -₹8 Cr |
| FY2024 | ₹2,786 Cr | -₹97 Cr |
| FY2025 | ₹3,254 Cr | ₹46 Cr |
Cash flows
FY2025: ₹349 Cr from operations, ₹227 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | ₹149 Cr | -₹270 Cr |
| FY2022 | -₹11 Cr | ₹113 Cr |
| FY2023 | ₹177 Cr | ₹18 Cr |
| FY2024 | ₹386 Cr | ₹268 Cr |
| FY2025 | ₹349 Cr | ₹227 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹3,254 Cr+16.8%1Y
- Net profit
- ₹46 Cr
- Cash from operations
- ₹349 Cr
- Free cash flow
- ₹227 Cr-15.3%1Y
- Revenue CAGR, 5Y
- 10.9%
- EBITDA CAGR, 5Y
- 1.4%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹3,254 Cr | ₹380 Cr | — | ₹46 Cr | ₹349 Cr | ₹227 Cr | 5.7% | +16.8% | -147.4% |
Monthly returns
Month-by-month returns of VMART across the years, with the seasonal pattern.
Balance sheet
What the company owns and owes at the end of FY2025.
| Line | FY2025 |
|---|---|
| Liabilities and equity | ₹2,436 Cr |
| Equity capital | ₹20 Cr |
| Reserves | ₹790 Cr |
| Borrowings | ₹783 Cr |
| Other liabilities | ₹844 Cr |
| Assets | ₹2,436 Cr |
| Fixed assets | ₹1,039 Cr |
| Capital work in progress | ₹4 Cr |
| Investments | ₹5 Cr |
| Other assets | ₹1,388 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
VMART trades at 48.8x earnings against a peer median of 55.4x (a 12% discount).
Not shown (no positive earnings and no EV / Sales): V.I.P. Industries Ltd.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| V-Mart Retail LimitedVMARTthis companyP/E ↓ discount | ₹4,912 Cr | 48.8x | 5.8x | -13.0% | 25.9x |
| V.I.P. Industries Ltd.VIPIND | ₹5,324 Cr | — | 13.7x | 4.5% | 34.2x |
| Sky Gold And Diamonds LimitedSKYGOLD | ₹5,104 Cr | 36.1x | 5.1x | 16.4% | 65.1x |
| Bajaj Electricals Ltd.BAJAJELEC | ₹5,032 Cr | 51.4x | 3.3x | 9.2% | 13.7x |
| Responsive Industries LtdRESPONIND | ₹5,001 Cr | 200.0x | 5.2x | 3.5% | 47.2x |
| India Tourism Development CorporatiITDC | ₹4,866 Cr | 65.9x | 12.1x | 19.3% | 41.3x |
| Rajesh Exports Ltd.RAJESHEXPO | ₹4,857 Cr | 187.0x | 1.0x | 0.4% | 27.7x |
| SIS LIMITEDSIS | ₹4,728 Cr | 17.3x | 3.9x | 18.2% | 15.1x |
| CITY PULSE MULTIVENTURES LIMITEDCITY PULSE | ₹4,715 Cr | 2562.0x | 36.4x | 0.2% | 10719.1x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
VMART since 1 January, against earlier years.
Historical volatility
VMART's day-to-day swings over 30, 60 and 180 days.
Financial statements
Income statement, balance sheet and cash flow as reported, in ₹ crore, grouped into plain-language lines.
Figures in ₹ crore as reported, fiscal years ending March, newest first; the trailing twelve months (TTM) last.
Operating margin by fiscal year
| Date | Operating margin |
|---|---|
| FY2021 | 12.0% |
| FY2022 | 12.0% |
| FY2023 | 11.0% |
| FY2024 | 8.0% |
| FY2025 | 12.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹3,254 Cr |
| Costs | |
| Interest | ₹136 Cr |
| Expenses | ₹2,874 Cr |
| Operating profitOperating Profit | ₹380 Cr |
| Other income and charges | |
| Profit before tax | ₹44 Cr |
| Tax | |
| Net profitNet Profit | ₹46 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹2,436 Cr |
| Equity capitalEquity Capital | ₹20 Cr |
| Reserves | ₹790 Cr |
| Borrowings | ₹783 Cr |
| Other liabilitiesOther Liabilities | ₹844 Cr |
| AssetsTotal Assets | ₹2,436 Cr |
| Fixed assetsFixed Assets | ₹1,039 Cr |
| Capital work in progressCWIP | ₹4 Cr |
| Investments | ₹5 Cr |
| Other assetsOther Assets | ₹1,388 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹349 Cr |
| Investing cash flowCash from Investing Activity | -₹122 Cr |
| Financing cash flowCash from Financing Activity | -₹215 Cr |
| Change in cashNet Cash Flow | ₹12 Cr |
Learn while you research
Academy chapters picked for V-Mart Retail Limited and the metrics on this page.
- 01 Taxes on Investments (India)LTCG, STCG, dividend tax, what every Indian investor needs.6 min read
- 02 Stock Valuation BasicsHow to think about what a fair price for a stock looks like.7 min read
- 03 Valuation Multiples ExplainedThis stock trades at a P/E of 48.8, learn when high multiples are justified.6 min read
- 04 Leverage RatiosDebt/Equity of 1.86 is elevated, understand what that means for solvency.6 min read
- 05 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read
- 06 Cyclical vs Defensive StocksConsumer staples behave defensively across the business cycle.6 min read