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V2 Retail Limited

NSE: V2RETAIL · Consumer Services

₹173.50+7.54%06 Nov 2026
Check figures: unusual quarterly results in DEC '25 (₹102.07 cr vs a typical ₹4.92 cr). This may be a filing error (e.g. lakh filed as crore) or a genuine one-off; figures are shown as filed. Trailing-twelve-month figures include it.

Ask the data

Instant answers about V2 Retail Limited — computed from its filings, no language model
Market cap₹6,326 cr
Current price₹173.50
High / Low₹256 / ₹147
P/E35.2
P/B6.58
Book value₹26.4
ROE18.7%
ROCE22.6%
Debt / equity0.55
Dividend yield—
EPS (TTM)₹4.93
Face value₹1

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin
showing latest 6 of 7 periods
FY20FY21FY22FY23FY24FY25FY26
Revenue7015396298391,1651,8843,067
EBITDA75496584148258455
Operating margin10.7%9.0%10.3%10.0%12.7%13.7%14.9%
Interest30313741476897
Depreciation515659677799182
Profit before tax9-15-15-173198215
Tax-0-2-3-442653
Net profit00002872162
EPS ₹2.57-3.77-3.40-3.738.0420.834.58
Operating cash flow——598693223-103
Capex——171339134231
Dividend paid——00000
Total assets———7941,0271,6282,422
Equity———247275346902

Quarterly performance

last 28 quarters · ₹ crore
showing latest 8 of 28 periods
DEC '19MAR '20JUN '20SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
Revenue572129378522718983150239158211195240193264231374296415380591499632709929797997906
Operating profit723-0442211840622103814362061315533111588785174109139120
Operating margin12.6%2.2%-0.9%4.8%18.6%1.3%0.9%11.7%16.7%4.1%10.2%5.2%15.9%7.4%13.5%8.6%16.3%10.6%13.4%8.7%18.9%11.6%13.8%12.1%18.7%13.7%14.0%13.3%
Other income2186189214112212311312114412
Interest2377789999910111091012121314151821232822242530
Depreciation39121313151515151514161618171818211921232628323846676468
Profit before tax25-16-12-1020-13-14-417-13-4-1512-108-831022-269103321138225225
Tax4-4-3-25-2-3-14-3-1-43-32-38-45-017494365107
Net profit210-9000-1100000006024416-25162517102184218
EPS ₹6.12-3.54-2.732.394.36-3.01-3.32-0.913.58-2.77-0.82-3.372.71-2.241.81-1.646.821.044.72-0.5614.801.867.134.9529.170.501.150.50
Revenue YoY————-60.3%46.6%123.2%75.9%5.1%-16.4%155.9%30.1%0.3%22.2%24.8%18.9%56.0%53.0%57.4%64.3%58.1%68.4%52.3%86.5%57.2%59.9%57.7%27.8%
Profit YoY————-100.0%—————————————161.9%—117.2%78.9%50.9%—99.4%171.9%69.7%5.7%

Earlier results (standalone, Dec '07 – Sep '19)

₹ crore · from BSE, before the NSE XBRL filings begin

V2 Retail Limited reports consolidated figures above. Quarterly consolidated results only became mandatory in India in 2019, so the earlier history available is the standalone company only (excluding subsidiaries). It is shown separately so the two bases are never mixed.

Full years

showing latest 8 of 11 periods
FY09†FY10†FY11†FY12†FY13†FY14†FY15†FY16†FY17†FY18†FY19†
Revenue1,3231,1051,06540106229287320471559748
Operating profit-2-463-57-8142931395147
Operating margin-0.1%-41.9%-5.3%-20.1%0.7%1.9%10.0%9.8%8.3%9.1%6.3%
Other income91310422332410
Interest969010787810139——
Depreciation494734323347814
Profit before tax-140-589-184-19-7-51820494615
Tax-46-153-11916-22981215-5
Net profit-94-436-65-35-5-71012373120

Quarters

showing latest 8 of 48 periods
DEC '07†MAR '08†JUN '08†SEP '08†DEC '08†MAR '09†JUN '09†SEP '09†DEC '09†MAR '10†JUN '10†SEP '10†DEC '10†MAR '11†JUN '11†SEP '11†DEC '11†MAR '12†JUN '12†SEP '12†DEC '12†MAR '13†JUN '13†SEP '13†DEC '13†MAR '14†JUN '14†SEP '14†DEC '14†MAR '15†JUN '15†SEP '15†DEC '15†MAR '16†JUN '16†SEP '16†DEC '16†MAR '17†JUN '17†SEP '17†DEC '17†MAR '18†JUN '18†SEP '18†DEC '18†MAR '19†JUN '19†SEP '19†
Revenue302318377358355233265284301255335269303158210161222223626574970527171796676669879108103153107142138152127188156241164202151
Operating profit4135494244-137-31-107-151-173-2-171-38-2-2-1-20-13-2317-667115125131118173151023320-83142812
Operating margin13.6%10.9%13.0%11.7%12.3%-58.8%-11.8%-37.8%-50.2%-68.0%-0.7%-6.3%0.2%-24.2%-130.5%-20.1%-8.6%-19.6%0.7%-2.8%8.8%-7.4%5.0%1.5%10.1%-12.3%8.1%9.6%14.1%7.5%15.1%8.1%13.5%1.5%10.5%7.3%11.3%2.5%10.8%7.3%14.9%2.4%10.6%-5.1%12.7%2.6%13.6%7.7%
Other income232223323533321012111111111111111111001012152200
Interest1212182629242323222221232340322222222222222333333320000——00078
Depreciation7910111314121212119997011110111111111011112222222234441313
Profit before tax24162474-175-63-140-183-204-29-46-29-80-6-4-4-5-2-22-51-25-934928113-37338114821318-322718-10
Tax961032-6027-44-62-75-10-15-10-84-218-10-1-11-1-0-1112232313-03242538-17-134-3-41
Net profit16101442-115-91-96-121-129-19-31-194-5-22-2-5-1-11-31-13-1012515010-24233-29514411-1924411-10
EPS ₹7.104.616.263.080.96-51.22-40.47-42.69-53.98-90.80-8.70-13.71-8.651.96-2.13-9.99-0.97-2.35-0.61-0.630.43-1.550.35-0.431.45-4.510.650.981.960.401.920.083.89-1.011.630.6413.52-0.662.811.614.301.163.26-5.446.931.233.36-3.07
Revenue YoY————17.8%-26.9%-29.5%-20.7%-15.4%9.3%26.1%-5.1%0.6%-38.0%-99.5%-96.2%-94.7%-92.2%1136.8%121.0%123.3%111.7%166.9%118.7%96.1%101.4%24.2%44.6%12.8%25.2%7.2%-6.6%24.0%21.0%41.6%56.4%55.7%35.0%31.5%33.3%-0.3%18.1%32.0%13.2%58.2%29.5%7.8%-3.2%
Profit YoY————-86.1%-1203.2%-747.1%-2443.4%-5698.1%————————-220.0%——————236.1%—85.9%—58.0%—229.0%-90.5%87.8%-363.8%-15.1%657.1%245.2%—114.3%213.8%-59.0%—29.4%-471.3%72.6%12.3%2.0%—

Returns & margins

trailing-twelve-month, per quarter
showing latest 8 of 25 periods
SEP '20DEC '20MAR '21JUN '21SEP '21DEC '21MAR '22JUN '22SEP '22DEC '22MAR '23JUN '23SEP '23DEC '23MAR '24JUN '24SEP '24DEC '24MAR '25JUN '25SEP '25DEC '25MAR '26JUN '26SEP '26
ROE————————0.0%0.0%0.0%2.5%2.5%12.0%12.2%15.8%14.4%24.0%20.8%23.2%25.7%38.9%17.9%19.8%18.7%
ROCE————————7.7%6.8%7.9%12.1%14.5%21.0%21.5%26.1%27.3%38.7%36.0%40.4%40.2%53.5%26.9%28.7%22.6%
Net margin1.4%-1.9%-1.7%-1.9%-1.7%-1.7%-1.8%0.0%0.0%0.0%0.0%0.7%0.7%2.8%2.9%3.3%2.8%4.1%3.8%3.8%4.1%5.4%5.3%5.2%5.0%
EBITDA margin9.6%10.2%9.0%8.5%9.7%9.2%10.3%11.3%9.7%9.5%10.0%11.0%11.6%12.3%12.7%12.7%12.3%13.8%13.7%13.8%14.1%14.6%14.9%14.8%15.0%
Debt / equity————————0.210.210.220.220.240.240.330.330.320.320.330.330.430.430.280.280.55
Interest coverage0.690.370.510.470.680.590.590.890.610.520.580.881.051.481.661.891.952.482.452.432.483.153.223.353.35
Asset turnover————————1.011.011.061.121.031.181.131.281.111.271.161.291.021.161.271.421.20

Balance sheet

equity vs borrowings over time · ₹ crore
showing latest 6 of 9 periods
SEP '22MAR '23SEP '23MAR '24SEP '24MAR '25SEP '25MAR '26SEP '26
Share capital343435353535353636
Other equity / reserves221213213240254312352866925
Total equity256247248275289346387902962
Borrowings5454609192116168254529
Current liabilities1992052913405095589049141,372
Non-current liabilities3433423604125287241,097606685
Total assets7987948981,0271,3251,6282,3872,4223,018
Property, plant & equipment10199102116148210266310414
Capital work-in-progress00604443653
Investments000000000
Inventories2732793324195305588281,1421,448
Receivables100000720
Cash & equivalents5529491468

Cash flow

annual · ₹ crore · line = free cash flow
FY22FY23FY24FY25FY26
Cash from operations598693223-103
Cash from investing-16-12-39-131-219
Cash from financing-58-76-50-93319
Capex171339134231
Free cash flow42735489-334
Dividends paid00000

Where the assets sit

Sep '26 · ₹ crore
Fixed assets (PPE)
₹414 cr14%
CWIP
₹53 cr2%
Inventories
₹1,448 cr48%
Receivables
₹0 cr0%
Cash & equivalents
₹8 cr0%
Other assets
₹1,095 cr36%

Peer comparison

largest in Consumer Services · this company in bold
CompanyMarket cap ₹crPriceP/EP/BROE
Eternal Ltd.3,34,461363.15678.410.691.6%
Avenue Supermarts Ltd.2,23,3963,425.0071.78.5611.9%
Trent Ltd.1,64,1723,079.0086.621.1324.4%
Indian Hotels Co. Ltd.1,26,398888.0057.29.2716.2%
Lenskart Solutions Ltd.1,26,056724.75161.613.528.4%
Meesho Ltd.1,08,067233.48—25.69-21.9%
FSN E-Commerce Ventures Ltd.1,01,110353.00313.561.1019.5%
Info Edge (India) Ltd.77,2851,191.9043.81.673.8%
Swiggy Ltd.50,087191.17—2.95-21.1%
Vishal Mega Mart Ltd.44,03794.0077.05.587.2%
V2 Retail Limited6,326173.5035.26.5818.7%

StoxGud checklist: Neutral setup · 5/10

  • Price above 50-day average
  • Price above 200-day average
  • 50-day average above 200-day (uptrend)
  • RSI in healthy 40–70 zone
  • Positive 1-year return
  • Return on equity above 15%
  • Debt to equity below 1
  • Revenue growing year on year
  • Net profit margin above 10%
  • P/E below industry median

A rules-based screen of trend, momentum, quality and valuation. Educational only — not a buy or sell recommendation.

Returns & technicals

1 month+5.8%
6 months-19.6%
1 year-21.7%
3Y CAGR+100.9%
5Y CAGR+55.5%
10Y CAGR+27.4%
50-day avg₹189.90
200-day avg₹206.49
RSI (14)51

FAQs

What is the share price of V2 Retail Limited?

V2 Retail Limited (V2RETAIL) closed at ₹173.50 on NSE on 06 Nov 2026.

What is the market cap of V2 Retail Limited?

₹6,326 crore at the latest close.

What is the P/E ratio of V2 Retail Limited?

35.2, on trailing-twelve-month earnings from its filings.

How fast is V2 Retail Limited growing?

V2 Retail Limited: revenue has compounded at 54.1% a year over three years. Latest-quarter revenue is up 27.8% year on year, profit up 5.7%.

How profitable is V2 Retail Limited?

On a trailing-twelve-month basis return on equity is 18.7%, return on capital employed 22.6%, operating margin 15.0%, net margin 5.0%.

How much debt does V2 Retail Limited have?

V2 Retail Limited is moderately geared: debt to equity is 0.55 with borrowings of ₹529 cr against cash of ₹8 cr (balance sheet of 2026-09-30). Operating profit covers interest 3.4 times.

Financials parsed from V2 Retail Limited's own XBRL filings to NSE (consolidated), ₹ crore unless marked. Quarterly from DEC '19, annual from FY20, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.