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Last Updated on: 24 November, 2024
Author: Getaka|Social: Getaka Financial Services X (Earlier Twitter) Profile Getaka Financial Services LinkedIn Logo
Stock Ticker - BSE: 534976 | NSE: VMART

V-Mart Retail Ltd: Intrinsic Value and Fundamental Analysis

Share Price and Basic Stock Data

Last Updated: November 22, 2024, 9:18 pm

Market Cap 7,630 Cr.
Current Price 3,845
High / Low4,520/1,734
Stock P/E
Book Value 358
Dividend Yield0.00 %
ROCE0.54 %
ROE12.1 %
Face Value 10.0
PEG Ratio0.00

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for V-Mart Retail Ltd

Competitors of V-Mart Retail Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Heads UP Ventures Ltd 26.0 Cr. 11.622.5/9.81 6.330.00 %26.9 %26.9 % 10.0
V-Mart Retail Ltd 7,630 Cr. 3,8454,520/1,734 3580.00 %0.54 %12.1 % 10.0
Spencers Retail Ltd 729 Cr. 81.2139/67.7 60.60.00 %10.3 %% 5.00
Shoppers Stop Ltd 6,647 Cr. 604944/599333 23.90.00 %11.8 %32.1 % 5.00
Praxis Home Retail Ltd 305 Cr. 22.338.2/11.2 4.030.00 %39.1 %% 5.00
Industry Average41,840.00 Cr1,172.67146.30111.380.00%18.65%19.46%6.57

All Competitor Stocks of V-Mart Retail Ltd

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales177338692459588506777594679549889669786
Expenses179317557408499453673571626549769628687
Operating Profit-221135508954104235211204099
OPM %-1%6%20%11%15%11%13%4%8%0%13%6%13%
Other Income54334318221345
Interest16172124252831343336383637
Depreciation25274038404447485053586157
Profit before tax-39-1976-828-1626-52-29-8637-529
Tax %-25%-27%25%-67%27%-28%24%-28%-24%-26%23%-25%-30%
Net Profit-29-1457-320-1120-37-22-6428-3912
EPS in Rs-14.57-7.1728.93-1.3210.35-5.7210.10-18.69-11.10-32.4214.27-19.686.14

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales3835757208091,0021,2221,4341,6621,0751,6662,4652,7862,893
Expenses3445236577479171,0901,3011,4489441,4622,1962,5732,634
Operating Profit3952646285133133214131204269213260
OPM %10%9%9%8%8%11%9%13%12%12%11%8%9%
Other Income110244-442114152124
Interest6443422555977117142147
Depreciation81151919232894103131180222229
Profit before tax273855426711210070-1010-13-130-92
Tax %32%33%32%35%34%31%38%29%-36%-12%-40%-26%
Net Profit1825372844786249-612-8-97-63
EPS in Rs10.0214.0120.7415.2924.3042.9333.9927.18-3.155.89-3.97-48.93-31.69
Dividend Payout %10%7%7%8%5%5%5%0%0%13%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)38.89%48.00%-24.32%57.14%77.27%-20.51%-20.97%-112.24%300.00%-166.67%-1112.50%
Change in YoY Net Profit Growth (%)0.00%9.11%-72.32%81.47%20.13%-97.79%-0.45%-91.28%412.24%-466.67%-945.83%

V-Mart Retail Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:17%
5 Years:14%
3 Years:37%
TTM:16%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:47%
Stock Price CAGR
10 Years:22%
5 Years:18%
3 Years:-1%
1 Year:108%
Return on Equity
10 Years:4%
5 Years:-2%
3 Years:-4%
Last Year:-12%

Last Updated: Unknown

Balance Sheet

Last Updated: November 14, 2024, 6:34 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital18181818181818182020202020
Reserves130152187213252329391441806830829727688
Borrowings3544312736105175689021,3321,3911,608
Other Liabilities478093126185202222248234348562707791
Total Liabilities2302943293834915506321,2241,6272,0992,7432,8453,106
Fixed Assets4770981101171451656676971,1111,4451,6611,821
CWIP1112144226109411
Investments413422327234618319125955
Other Assets1401882082383003684025466098571,1791,1761,269
Total Assets2302943293834915506321,2241,6272,0992,7432,8453,106

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1011404669587686149-11177386
Cash from Investing Activity +-62-27-19-37-73-8-731-419124-159-118
Cash from Financing Activity +672-20-105-38-4-94287-104-33-259
Net Cash Flow14-141-1111-1-8178-159

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow4.008.0033.0035.0049.00132.00133.00-303.00-437.00-698.00268.00212.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days000000000000
Inventory Days155154132131140135124155216224199163
Days Payable52605461837356649797112127
Cash Conversion Cycle103957870576268911191268736
Working Capital Days6660514434383658106897140
ROCE %23%21%26%18%25%35%29%18%4%5%5%1%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Promoters46.44%46.40%46.20%46.14%46.10%45.78%44.34%44.34%44.34%44.34%44.34%44.34%
FIIs22.12%21.14%20.23%18.19%11.51%11.18%14.17%14.82%14.28%14.32%15.32%15.46%
DIIs21.69%22.03%23.23%25.56%31.51%32.67%31.82%30.97%32.64%34.00%33.99%32.62%
Public9.75%10.43%10.33%10.10%10.87%10.36%9.67%9.86%8.75%7.35%6.37%7.59%
No. of Shareholders23,06124,09924,22524,14126,15625,61124,76326,02225,60325,26822,47118,023

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Multicap Fund1,000,0001.37216.15749,3362024-11-2333.45%
Kotak Small Cap Fund - Regular Plan902,0981.32194.98749,3362024-11-2320.39%
SBI Small Cap Fund749,3360.58161.97749,3362024-11-230%
ICICI Prudential ELSS Tax Saver Fund537,7290.87116.23749,3362024-11-23-28.24%
Bandhan Sterling Value Fund450,0001.0997.27749,3362024-11-23-39.95%
Kotak Multicap Fund446,1720.8796.44749,3362024-11-23-40.46%
ICICI Prudential Smallcap Fund400,6751.1386.6749,3362024-11-23-46.53%
Canara Robeco Small Cap Fund264,1230.5757.09749,3362024-11-23-64.75%
Invesco India Contra Fund206,8780.344.72749,3362024-11-23-72.39%
Tata ELSS Tax Saver Fund205,9681.0644.52749,3362024-11-23-72.51%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-48.93-3.975.90-3.3727.18
Diluted EPS (Rs.)-48.93-3.975.88-3.3727.17
Cash EPS (Rs.)63.3887.0672.0749.1078.91
Book Value[Excl.RevalReserv]/Share (Rs.)377.65429.38430.20418.77252.78
Book Value[Incl.RevalReserv]/Share (Rs.)377.65429.38430.20418.77252.78
Dividend / Share (Rs.)0.000.000.750.000.00
Revenue From Operations / Share (Rs.)1408.291247.93843.65545.75915.44
PBDIT / Share (Rs.)118.30143.57110.5377.26120.20
PBIT / Share (Rs.)6.0052.5544.3525.0168.47
PBT / Share (Rs.)-65.97-6.585.26-4.9038.30
Net Profit / Share (Rs.)-48.92-3.975.89-3.1527.18
PBDIT Margin (%)8.4011.5013.1014.1513.13
PBIT Margin (%)0.424.215.254.587.47
PBT Margin (%)-4.68-0.520.62-0.894.18
Net Profit Margin (%)-3.47-0.310.69-0.572.96
Return on Networth / Equity (%)-12.95-0.921.37-0.7510.75
Return on Capital Employeed (%)0.605.275.143.6113.76
Return On Assets (%)-3.40-0.280.55-0.384.03
Total Debt / Equity (X)0.140.170.000.000.00
Asset Turnover Ratio (%)0.991.020.890.751.79
Current Ratio (X)1.161.372.273.351.61
Quick Ratio (X)0.240.240.581.720.12
Dividend Payout Ratio (NP) (%)0.00-18.880.000.000.00
Dividend Payout Ratio (CP) (%)0.000.860.000.000.00
Earning Retention Ratio (%)0.00118.880.000.000.00
Cash Earning Retention Ratio (%)0.0099.140.000.000.00
Interest Coverage Ratio (X)1.642.432.832.583.98
Interest Coverage Ratio (Post Tax) (X)0.320.931.150.891.90
Enterprise Value (Cr.)4339.724392.407808.565427.772560.52
EV / Net Operating Revenue (X)1.561.784.695.051.54
EV / EBITDA (X)18.5515.4735.7735.6511.73
MarketCap / Net Operating Revenue (X)1.531.734.715.071.54
Retention Ratios (%)0.00118.880.000.000.00
Price / BV (X)5.705.029.236.615.59
Price / Net Operating Revenue (X)1.531.734.715.071.54
EarningsYield-0.020.000.000.000.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of V-Mart Retail Ltd as of November 24, 2024 is: 662.77

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of November 24, 2024, V-Mart Retail Ltd is Overvalued by 82.76% compared to the current share price 3,845.00

Default values used*: Default value of 15 for Stock P/E is used

Intrinsic Value of V-Mart Retail Ltd as of November 24, 2024 is: 336.73

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of November 24, 2024, V-Mart Retail Ltd is Overvalued by 91.24% compared to the current share price 3,845.00

Default values used*: Default value of 15 for Stock P/E is used

Last 5 Year EPS CAGR: -49.19%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 17.50%, which is a positive sign.
  2. The company has shown consistent growth in sales (192.23 cr) and profit (21.23 cr) over the years.
  1. The stock has a high average Working Capital Days of 57.75, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 82.67, which may not be favorable.
  3. The company has higher borrowings (499.38) compared to reserves (459.62), which may suggest financial risk.

Stock Analysis

  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in V-Mart Retail Ltd:
    1. Net Profit Margin: -3.47%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 0.6% (Industry Average ROCE: 18.65%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: -12.95% (Industry Average ROE: 19.46%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 0.32
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 0.24
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 0 (Industry average Stock P/E: 146.3)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.14
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

V-Mart Retail Ltd. is a Public Limited Listed company incorporated on 24/07/2002 and has its registered office in the State of Delhi, India. Company’s Corporate Identification Number(CIN) is L51909DL2002PLC163727 and registration number is 163727. Currently Company is involved in the business activities of Retail sale via stalls and markets. Company’s Total Operating Revenue is Rs. 1666.18 Cr. and Equity Capital is Rs. 19.75 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Retail - Departmental Stores610-611, Guru Ram Dass Nagar, New Delhi Delhi 110092info@vmart.co.in
http://www.vmart.co.in
Management
NamePosition Held
Mr. Aakash MoondhraChairman(NonExe.&Ind.Director)
Mr. Lalit AgarwalManaging Director
Mr. Madan AgarwalWhole Time Director
Mr. Murli RamachandranInd. Non-Executive Director
Mr. Govind Shridhar ShrikhandeInd. Non-Executive Director
Ms. Sonal MattooInd. Non-Executive Director
Mr. Raghuvesh SarupInd. Non-Executive Director
Ms. Shweta KumarInd. Non-Executive Director

FAQ

What is the latest intrinsic value of V-Mart Retail Ltd?

The latest intrinsic value of V-Mart Retail Ltd as on 24 November 2024 is ₹662.77, which is 82.76% lower than the current market price of ₹3,845.00.

What is the Market Cap of V-Mart Retail Ltd?

The Market Cap of V-Mart Retail Ltd is 7,630 Cr..

What is the current Stock Price of V-Mart Retail Ltd as on 24 November 2024?

The current stock price of V-Mart Retail Ltd as on 24 November 2024 is 3,845.

What is the High / Low of V-Mart Retail Ltd stocks in FY 2024?

In FY 2024, the High / Low of V-Mart Retail Ltd stocks is 4,520/1,734.

What is the Stock P/E of V-Mart Retail Ltd?

The Stock P/E of V-Mart Retail Ltd is .

What is the Book Value of V-Mart Retail Ltd?

The Book Value of V-Mart Retail Ltd is 358.

What is the Dividend Yield of V-Mart Retail Ltd?

The Dividend Yield of V-Mart Retail Ltd is 0.00 %.

What is the ROCE of V-Mart Retail Ltd?

The ROCE of V-Mart Retail Ltd is 0.54 %.

What is the ROE of V-Mart Retail Ltd?

The ROE of V-Mart Retail Ltd is 12.1 %.

What is the Face Value of V-Mart Retail Ltd?

The Face Value of V-Mart Retail Ltd is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in V-Mart Retail Ltd. Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE