V2 Retail Limited
₹148.95-₹6.15 (-4.0%)
Last close · Data as of Oct 30, 2026
- Market cap
- ₹7,764 Cr
- P/E
- 75.1x
- EV / EBITDA
- 54.1x
- Revenue
- ₹1,884 Cr
- Net margin
- 2.3%
- ROCE
- 18.5%
Price chart
Technical chartScreen technicals →-36.2% 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
- -12.9%
- 3M
- -12.9%
- 6M
- -24.9%
- 1Y
- -36.2%
- 5Y
- +720.2%
52-week range
Day change -₹6.15 (-4.0%) from ₹155 to ₹149 · Last close Oct 30, 2026
Best weekday to invest, historically
The same weekly amount in V2RETAIL, bought on each weekday since 2021.
AI Summary
Indian StockStrengths1
- Strong 5-year net profit CAGR of 22.0%
Concerns1
- Low return on equity of 9.8%
Rule-based from financial data. Not advice.
About the company
V2 Retail Limited, together with its subsidiary, V2 Smart Manufacturing Private Limited, engages in the retail trade of apparel and garments, textiles, and accessories in India. It also manufactures apparel. The company engages in the retail sale of readymade garments, hosiery goods, and other articles of clothing and clothing accessories.
Read moreShow less
V2 Retail Limited, together with its subsidiary, V2 Smart Manufacturing Private Limited, engages in the retail trade of apparel and garments, textiles, and accessories in India. It also manufactures apparel. The company engages in the retail sale of readymade garments, hosiery goods, and other articles of clothing and clothing accessories. It sells its products under the GODSPEED, Herrlich, Glamora, ebellia, Boady and Mind, and Honey Brats brands. The company was formerly known as Vishal Retail Ltd and changed its name to V2 Retail Limited in February 2012. V2 Retail Limited was incorporated in 2001 and is based in Gurugram, India.
- Sector
- Consumer Discretionary
- Shares outstanding
- 3.6 Cr shares
- ISIN
- INE945H01013
- BSE code
- 532867
Key statistics
Screen fundamentals →Valuation, profitability, growth and solvency at the latest close; hover a label for its meaning.
Valuation
- Market cap
- ₹7,764 Cr
- P/E
- 75.1x
- P/B
- 18.9x
- EV / EBITDA
- 54.1x
- EV / Sales
- 7.0x
- P/S
- 6.7x
- Earnings yield
- 1.3%
- 52-week high
- ₹249.70
- 52-week low
- ₹148.95
Profitability
- Operating margin
- 12.4%
- Net margin
- 2.3%
- EBITDA margin
- 13.0%
- ROE
- 9.8%
- ROCE
- 18.5%
- ROA
- 2.8%
- Dividend payout
- 0.0%
- Tax rate
- 11.0%
- Other income, % of PBT
- 22.6%
Growth
- RevenueLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹1,884 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.
- 61.7%
- 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.
- 10.7%
- EBITDALatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- ₹151 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.
- 75.6%
- 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.
- 163.0%
- Net profit CAGR, 5YLatest stored company figure. It is not dated and can be a year behind the FY2025 statements; the Growth card lists each year.
- 22.0%
- 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.
- ₹85.0 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.
- 6.3%
- 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.
- ₹1.00 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.
- 26.3%
Solvency and efficiency
- Current ratio
- 2.74
- Debt / Equity
- 1.83
- Debt / Assets
- 0.52
- Debt / EBITDA
- 3.32
- Interest coverage
- 3.06
- Financial leverage
- 3.51
- CFO / Net profit
- 3.15
- Cash / Market cap
- 6.5%
- Cash per share
- ₹137.85
- Asset turnover
- 1.21
- Fixed asset turnover
- 2.59
- Capital intensity
- 0.39
- Debtor days
- 0 days
- Inventory turnover
- 2.35
- Cash conversion cycle
- 87 days
Where the revenue went
Some FY2025 lines are not reported, so the ones that are appear as a table.
| Line | FY2025 |
|---|---|
| Sales | ₹1,884 Cr |
| Expenses | ₹1,630 Cr |
| Operating profit | ₹254 Cr |
| Other income | ₹5 Cr |
| Interest | ₹68 Cr |
| Depreciation | ₹95 Cr |
| Profit before tax | ₹97 Cr |
| Tax and other | ₹26 Cr |
| Net profit | ₹71 Cr |
Revenue and net profit
Revenue grew 61.7% in FY2025; net profit is the dashed line.
| Date | Revenue | Net profit |
|---|---|---|
| FY2021 | ₹538 Cr | -₹11 Cr |
| FY2022 | ₹629 Cr | -₹13 Cr |
| FY2023 | ₹839 Cr | -₹14 Cr |
| FY2024 | ₹1,165 Cr | ₹27 Cr |
| FY2025 | ₹1,884 Cr | ₹71 Cr |
Cash flows
FY2025: ₹213 Cr from operations, ₹85.0 Cr free after investment (dashed).
| Date | Operating cash flow | Free cash flow |
|---|---|---|
| FY2021 | -₹15 Cr | -₹31 Cr |
| FY2022 | ₹61 Cr | ₹49 Cr |
| FY2023 | ₹80 Cr | ₹71 Cr |
| FY2024 | ₹85 Cr | ₹56 Cr |
| FY2025 | ₹213 Cr | ₹85 Cr |
Growth
Latest fiscal year FY2025 (ending March): each figure with its change over the year before.
- Revenue
- ₹1,884 Cr+61.7%1Y
- Net profit
- ₹71 Cr+163.0%1Y
- Cash from operations
- ₹213 Cr
- Free cash flow
- ₹85 Cr+51.8%1Y
- Revenue CAGR, 5Y
- 10.7%
- EBITDA CAGR, 5Y
- 9.9%
- Net profit CAGR, 5Y
- 22.0%
| Year | Revenue | Operating income | EBITDA | Net profit | CFO | FCF | ROE | Revenue growth 1Y | Net profit growth 1Y |
|---|---|---|---|---|---|---|---|---|---|
| FY2025 | ₹1,884 Cr | ₹254 Cr | — | ₹71 Cr | ₹213 Cr | ₹85 Cr | 20.6% | +61.7% | +163.0% |
Monthly returns
Month-by-month returns of V2RETAIL 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 | ₹1,577 Cr |
| Equity capital | ₹35 Cr |
| Reserves | ₹310 Cr |
| Borrowings | ₹839 Cr |
| Other liabilities | ₹393 Cr |
| Assets | ₹1,577 Cr |
| Fixed assets | ₹842 Cr |
| Capital work in progress | ₹4 Cr |
| Investments | ₹15 Cr |
| Other assets | ₹716 Cr |
Market cap against peers
8 peers: same sector group, nearest by size.
P/E against peers
V2RETAIL trades at 75.1x earnings against a peer median of 55.4x (a 36% premium).
Not shown (no positive earnings and no EV / Sales): Sapphire Foods India Limited, BlueStone Jewellery and Lifestyle Limited.
Peer comparison
Same-sector peers by market cap, with the median.
| Company | Market cap | P/E | P/B | ROE | EV/EBITDA |
|---|---|---|---|---|---|
| V2 Retail LimitedV2RETAILthis companyP/E ↑ premium | ₹7,764 Cr | 75.1x | 18.9x | 9.8% | 54.1x |
| TTK Prestige Ltd.TTKPRESTIG | ₹8,144 Cr | 45.5x | 4.3x | 11.6% | 20.6x |
| P N GADGIL JEWELLERS LIMITEDPNGJL | ₹8,139 Cr | 27.6x | 4.8x | 27.9% | 30.4x |
| WESTLIFE FOODWORLD LIMITEDWESTLIFE | ₹7,980 Cr | 513.0x | 15.6x | 11.8% | 133.0x |
| Campus Activewear LimitedCAMPUS | ₹7,736 Cr | 62.5x | 9.7x | 13.7% | 36.1x |
| PC JEWELLER LIMITEDPCJEWELLER | ₹7,548 Cr | 12.3x | 1.0x | -22.4% | -82.3x |
| Sapphire Foods India LimitedSAPPHIRE | ₹7,287 Cr | — | 5.9x | 4.1% | 18.4x |
| ETHOS LIMITEDETHOSLTD | ₹7,246 Cr | 74.4x | 5.1x | 9.2% | 40.5x |
| BlueStone Jewellery and Lifestyle LimitedBLUESTONE | ₹7,200 Cr | — | 4.3x | -40.8% | 90.3x |
| Peer median | — | 55.4x | 6.3x | 11.8% | 36.3x |
Year-to-date ROI
V2RETAIL since 1 January, against earlier years.
Historical volatility
V2RETAIL'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 | 9.0% |
| FY2022 | 10.0% |
| FY2023 | 10.0% |
| FY2024 | 12.0% |
| FY2025 | 13.0% |
| Line | FY2025 |
|---|---|
| RevenueSales | ₹1,884 Cr |
| Costs | |
| Interest | ₹68 Cr |
| Expenses | ₹1,630 Cr |
| Operating profitOperating Profit | ₹254 Cr |
| Other income and charges | |
| Profit before tax | ₹97 Cr |
| Tax | |
| Net profitNet Profit | ₹71 Cr |
| Per share |
| Line | FY2025 |
|---|---|
| Liabilities and equityTotal Liabilities | ₹1,577 Cr |
| Equity capitalEquity Capital | ₹35 Cr |
| Reserves | ₹310 Cr |
| Borrowings | ₹839 Cr |
| Other liabilitiesOther Liabilities | ₹393 Cr |
| AssetsTotal Assets | ₹1,577 Cr |
| Fixed assetsFixed Assets | ₹842 Cr |
| Capital work in progressCWIP | ₹4 Cr |
| Investments | ₹15 Cr |
| Other assetsOther Assets | ₹716 Cr |
| Line | FY2025 |
|---|---|
| Operating cash flowCash from Operating Activity | ₹213 Cr |
| Investing cash flowCash from Investing Activity | -₹128 Cr |
| Financing cash flowCash from Financing Activity | -₹83 Cr |
| Change in cashNet Cash Flow | ₹1 Cr |
Learn while you research
Academy chapters picked for V2 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 75.1, learn when high multiples are justified.6 min read
- 04 Growth Investing62% revenue growth is in the top tier, learn how to value growth.7 min read
- 05 Leverage RatiosDebt/Equity of 1.83 is elevated, understand what that means for solvency.6 min read
- 06 Stock Market RisksSmall caps carry concentrated, idiosyncratic risk, learn to manage it.6 min read