V-Mart Retail Limited

NSE: VMART · Consumer Services

₹759.20-1.37%06 Nov 2026

Ask the data

Instant answers about V-Mart Retail Limited — computed from its filings, no language model

Market cap₹6,042 cr

Current price₹759.20

High / Low₹862 / ₹477

P/E46.4

P/B6.17

Book value₹123.0

ROE13.3%

ROCE20.9%

Debt / equity0.19

Dividend yield—

EPS (TTM)₹16.35

Face value₹10

Price & valuation

split & bonus adjusted · pick a metric and range

Annual performance

annual · ₹ crore · line = operating margin

showing latest 6 of 8 periods

	FY19	FY20	FY21	FY22	FY23	FY24	FY25	FY26
Revenue	1,434	1,662	1,075	1,666	2,465	2,786	3,254	3,789
EBITDA	133	214	131	204	269	213	377	513
Operating margin	9.3%	12.9%	12.2%	12.3%	10.9%	7.6%	11.6%	13.6%
Interest	2	55	59	77	117	142	136	75
Depreciation	28	94	103	131	180	222	233	297
Profit before tax	100	70	-10	10	-13	-130	44	155
Tax	38	20	-3	-1	-5	-34	-2	31
Net profit	62	49	-6	12	-8	-97	46	124
EPS ₹	34.01	27.18	-3.37	5.90	-3.97	-48.93	23.12	11.79
Operating cash flow	—	—	—	-11	181	386	349	501
Capex	—	—	—	151	278	123	124	160
Dividend paid	—	—	—	0	1	0	0	0
Total assets	—	—	—	—	2,743	2,845	2,436	2,780
Equity	—	—	—	—	849	747	810	951

Quarterly performance

last 35 quarters · ₹ crore

showing latest 8 of 35 periods

	MAR '17	MAR '18	JUN '18	SEP '18	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	MAR '22	JUN '22	SEP '22	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
Revenue	252	297	361	262	466	345	453	314	562	333	78	176	470	352	177	338	459	588	506	777	594	679	549	889	669	786	661	1,027	780	885	807	1,126	971	1,089	953
Operating profit	15	23	43	-4	73	18	58	11	117	28	-6	-0	104	34	-2	21	50	89	54	104	23	52	1	120	40	99	39	171	68	126	72	210	106	161	86
Operating margin	5.9%	7.8%	12.0%	-1.5%	15.7%	5.2%	12.8%	3.6%	20.8%	8.4%	-7.5%	-0.2%	22.1%	9.5%	-1.1%	6.1%	11.0%	15.1%	10.6%	13.3%	3.9%	7.7%	0.1%	13.5%	6.0%	12.6%	5.8%	16.7%	8.7%	14.3%	8.9%	18.6%	10.9%	14.8%	9.0%
Other income	1	1	1	1	2	2	2	1	0	1	1	15	0	4	5	4	3	4	3	1	8	2	2	13	4	5	2	3	2	3	3	4	5	3	3
Interest	1	0	0	0	1	0	12	13	16	14	15	15	15	15	16	17	24	25	28	31	34	33	36	38	36	37	39	42	17	18	17	21	19	20	21
Depreciation	6	7	7	7	7	7	22	22	24	25	26	26	25	26	25	27	38	40	44	47	48	50	53	58	61	57	59	63	54	68	71	78	80	84	89
Profit before tax	10	17	37	-10	67	5	26	-23	77	-10	-45	-26	64	-2	-39	-19	-8	28	-16	26	-52	-29	-86	37	-52	9	-58	70	23	43	-14	113	13	60	-21
Tax	3	2	12	-6	25	6	8	-5	19	-2	-12	-7	16	-1	-10	-5	-5	7	-4	6	-15	-7	-22	9	-13	-3	-1	-2	4	9	-5	25	1	12	-4
Net profit	0	0	0	0	0	-1	0	0	0	-8	-34	-19	48	-1	-29	-14	-3	20	-11	20	-37	-22	-64	28	-39	12	-57	72	19	34	-9	88	11	47	-16
EPS ₹	3.57	8.79	13.72	-2.06	23.00	-0.50	9.70	-9.94	32.07	-4.65	-18.52	-10.44	26.34	-0.77	-14.57	-7.05	-1.33	10.35	-5.73	10.11	-18.70	-11.10	-32.43	14.28	-19.68	6.14	-28.57	36.18	9.35	4.23	-1.12	11.08	1.49	5.94	-2.06
Revenue YoY	—	18.1%	—	—	—	15.9%	25.4%	19.8%	20.7%	-3.4%	-82.8%	-44.1%	-16.4%	5.8%	127.3%	92.6%	30.4%	231.4%	49.8%	—	29.5%	15.4%	8.5%	14.4%	12.6%	15.9%	20.3%	15.5%	16.7%	12.6%	22.1%	9.7%	24.5%	23.0%	18.1%
Profit YoY	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	—	-207.3%	—	41.4%	—	—	—	153.7%	—	176.8%	—	22.8%	-39.1%	40.5%	—

Earlier results (standalone, Dec '12 – Dec '16)

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

V-Mart 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

	FY14†	FY15†	FY16†
Revenue	575	721	810
Operating profit	54	76	62
Operating margin	9.3%	10.5%	7.7%
Other income	1	2	1
Interest	6	6	3
Depreciation	11	15	18
Profit before tax	38	57	41
Tax	13	20	13
Net profit	25	37	28

Quarters

showing latest 8 of 17 periods

	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†
Revenue	120	95	118	122	196	139	165	145	240	171	205	162	265	178	227	196	327
Operating profit	18	4	14	8	26	6	19	8	42	7	21	6	30	5	18	3	48
Operating margin	15.3%	4.7%	11.6%	6.5%	13.2%	4.4%	11.3%	5.4%	17.7%	3.9%	10.4%	3.6%	11.4%	2.9%	7.9%	1.5%	14.8%
Other income	—	0	0	0	0	0	1	0	0	0	0	0	0	0	2	0	0
Interest	2	1	1	1	2	1	1	1	2	1	1	1	1	1	1	1	1
Depreciation	2	2	2	3	3	3	5	1	4	5	4	4	5	5	5	5	6
Profit before tax	15	2	11	4	21	2	13	6	37	1	17	1	23	-0	14	-3	42
Tax	5	0	4	1	7	1	4	3	13	-0	6	0	8	-1	5	-1	15
Net profit	10	1	7	3	14	1	9	3	24	2	11	1	15	0	9	-2	27
EPS ₹	7.38	0.69	3.98	1.57	7.85	0.61	5.03	1.51	13.36	0.89	6.21	0.52	8.31	0.27	5.07	-1.01	15.06
Revenue YoY	—	—	—	—	63.1%	46.2%	39.5%	18.3%	22.8%	22.9%	24.0%	11.9%	10.4%	4.3%	11.0%	21.1%	23.3%
Profit YoY	—	—	—	—	36.9%	-4.3%	26.3%	-3.6%	70.4%	46.4%	23.9%	-64.9%	-37.5%	-70.2%	-18.2%	-292.6%	81.3%

Returns & margins

trailing-twelve-month, per quarter

showing latest 8 of 28 periods

	DEC '18	MAR '19	JUN '19	SEP '19	DEC '19	MAR '20	JUN '20	SEP '20	DEC '20	MAR '21	JUN '21	SEP '21	DEC '22	MAR '23	JUN '23	SEP '23	DEC '23	MAR '24	JUN '24	SEP '24	DEC '24	MAR '25	JUN '25	SEP '25	DEC '25	MAR '26	JUN '26	SEP '26
ROE	—	—	—	—	—	—	—	—	—	—	—	—	3.1%	-0.9%	-5.9%	-13.5%	-12.4%	-13.0%	-8.4%	-7.8%	-1.6%	5.6%	8.3%	13.6%	15.5%	13.0%	14.5%	13.3%
ROCE	—	—	—	—	—	—	—	—	—	—	—	—	14.0%	10.4%	5.6%	-0.8%	1.1%	1.4%	6.4%	10.0%	14.4%	18.8%	20.3%	23.0%	25.2%	21.9%	23.6%	20.9%
Net margin	0.0%	-0.1%	-0.1%	-0.1%	-0.1%	-0.5%	-3.3%	-5.3%	-1.2%	-0.6%	-0.1%	0.3%	1.1%	-0.3%	-2.0%	-4.0%	-3.5%	-3.5%	-2.2%	-1.8%	-0.4%	1.4%	2.0%	3.3%	3.6%	3.3%	3.4%	3.1%
EBITDA margin	9.8%	9.1%	9.5%	10.2%	12.2%	12.9%	11.7%	12.1%	11.9%	12.2%	11.5%	11.7%	12.7%	10.9%	9.1%	6.9%	7.2%	7.6%	9.0%	9.9%	11.1%	11.6%	12.1%	12.5%	13.2%	13.6%	13.7%	13.6%
Debt / equity	—	—	—	—	—	—	—	—	—	—	—	—	0.14	0.17	0.17	0.23	0.23	0.15	0.15	0.22	0.22	0.18	0.18	0.12	0.12	0.11	0.11	0.19
Interest coverage	79.99	62.61	7.58	3.85	3.06	2.27	0.97	0.92	0.69	0.84	0.95	1.06	1.29	0.89	0.44	-0.06	0.07	0.08	0.37	0.58	0.80	1.32	1.66	2.28	3.24	3.05	3.22	3.05
Asset turnover	—	—	—	—	—	—	—	—	—	—	—	—	0.93	0.90	0.93	0.91	0.95	0.98	1.02	0.97	1.01	1.34	1.38	1.33	1.37	1.36	1.44	1.34

Balance sheet

equity vs borrowings over time · ₹ crore

showing latest 6 of 9 periods

	SEP '22	MAR '23	SEP '23	MAR '24	SEP '24	MAR '25	SEP '25	MAR '26	SEP '26
Share capital	20	20	20	20	20	20	79	79	80
Other equity / reserves	840	829	743	727	688	790	766	872	899
Total equity	860	849	763	747	707	810	846	951	979
Borrowings	118	148	172	110	155	149	101	100	190
Current liabilities	611	773	924	892	1,034	1,168	1,284	1,196	1,471
Non-current liabilities	1,028	1,120	1,178	1,206	1,365	458	496	633	631
Total assets	2,499	2,743	2,865	2,845	3,106	2,436	2,626	2,780	3,081
Property, plant & equipment	298	319	498	490	509	527	547	584	616
Capital work-in-progress	31	109	9	4	11	4	12	8	13
Investments	26	9	6	5	5	5	5	18	6
Inventories	917	871	843	816	912	987	1,044	988	1,190
Receivables	0	0	0	0	0	0	0	0	0
Cash & equivalents	12	18	15	27	12	39	24	20	13

Cash flow

annual · ₹ crore · line = free cash flow

	FY22	FY23	FY24	FY25	FY26
Cash from operations	-11	181	386	349	501
Cash from investing	124	-159	-118	-122	-174
Cash from financing	-104	-37	-259	-215	-346
Capex	151	278	123	124	160
Free cash flow	-162	-98	263	226	341
Dividends paid	0	1	0	0	0

Where the assets sit

Sep '26 · ₹ crore

Fixed assets (PPE)

₹616 cr20%

CWIP

₹13 cr0%

Investments

₹6 cr0%

Inventories

₹1,190 cr39%

Cash & equivalents

₹13 cr0%

Other assets

₹1,243 cr40%

Peer comparison

largest in Consumer Services · this company in bold

Company	Market cap ₹cr	Price	P/E	P/B	ROE
Eternal Ltd.	3,34,461	363.15	678.4	10.69	1.6%
Avenue Supermarts Ltd.	2,23,396	3,425.00	71.7	8.56	11.9%
Trent Ltd.	1,64,172	3,079.00	86.6	21.13	24.4%
Indian Hotels Co. Ltd.	1,26,398	888.00	57.2	9.27	16.2%
Lenskart Solutions Ltd.	1,26,056	724.75	161.6	13.52	8.4%
Meesho Ltd.	1,08,067	233.48	—	25.69	-21.9%
FSN E-Commerce Ventures Ltd.	1,01,110	353.00	313.5	61.10	19.5%
Info Edge (India) Ltd.	77,285	1,191.90	43.8	1.67	3.8%
Swiggy Ltd.	50,087	191.17	—	2.95	-21.1%
Vishal Mega Mart Ltd.	44,037	94.00	77.0	5.58	7.2%
V-Mart Retail Limited	6,042	759.20	46.4	6.17	13.3%

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+14.1%

1 year-8.1%

3Y CAGR+21.2%

5Y CAGR-5.6%

10Y CAGR+19.5%

50-day avg₹792.27

200-day avg₹696.56

RSI (14)39

FAQs

What is the share price of V-Mart Retail Limited?

V-Mart Retail Limited (VMART) closed at ₹759.20 on NSE on 06 Nov 2026.

What is the market cap of V-Mart Retail Limited?

₹6,042 crore at the latest close.

What is the P/E ratio of V-Mart Retail Limited?

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

How fast is V-Mart Retail Limited growing?

V-Mart Retail Limited: revenue has compounded at 15.4% a year over three years. Latest-quarter revenue is up 18.1% year on year.

How profitable is V-Mart Retail Limited?

On a trailing-twelve-month basis return on equity is 13.3%, return on capital employed 20.9%, operating margin 13.6%, net margin 3.1%.

How much debt does V-Mart Retail Limited have?

V-Mart Retail Limited is lightly geared: debt to equity is 0.19 with borrowings of ₹190 cr against cash of ₹13 cr (balance sheet of 2026-09-30). Operating profit covers interest 3.0 times.

Financials parsed from V-Mart Retail Limited's own XBRL filings to NSE (standalone), ₹ crore unless marked. Quarterly from MAR '17, annual from FY19, balance sheet from Sep '22. * = derived (full year or half year minus earlier quarters). Information only, not investment advice.