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Last Updated on: 23 April, 2024|Author: Getaka | Social: X Twitter Profile
Stock Ticker - BSE: 534976 | NSE: VMART

Fundamental Analysis of V-Mart Retail Ltd

Basic Stock Data

Last Updated: April 23, 2024, 11:33 am

Market Cap 4,099 Cr.
Current Price 2,070
High / Low2,445/1,591
Stock P/E
Book Value 386
Dividend Yield0.00 %
ROCE5.17 %
ROE1.18 %
Face Value 10.0

Data Source: screener.in

Competitors of V-Mart Retail Ltd

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Shoppers Stop Ltd 7,788 Cr. 709890/605107 21.60.00 %15.3 %80.7 % 5.00
Praxis Home Retail Ltd 253 Cr. 20.638.2/11.0 0.720.00 %17.4 %% 5.00
Osia Hyper Retail Ltd 341 Cr. 28.878.2/27.223.2 13.90.00 %17.5 %9.48 % 1.00
Spencers Retail Ltd 949 Cr. 105139/56.5 31.70.00 %8.23 %% 5.00
Industry Average2,332.75 Cr215.8532.5516.980.00%14.61%22.55%4.00

Quarterly Result

MonthDec 2020Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Sales470352177338692459588506777594679549889
Expenses366318179317557408499453673571626549769
Operating Profit10434-22113550895410423521120
OPM %22%10%-1%6%20%11%15%11%13%4%8%0%13%
Other Income04543343182213
Interest15151617212425283134333638
Depreciation25262527403840444748505358
Profit before tax64-2-39-1976-828-1626-52-29-8637
Tax %25%36%25%27%25%67%27%28%24%28%24%26%23%
Net Profit48-1-29-1457-320-1120-37-22-6428
EPS in Rs26.34-0.75-14.57-7.1728.93-1.3210.35-5.7210.10-18.69-11.10-32.4214.27

Last Updated: April 10, 2024, 5:19 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: April 6, 2024, 1:30 pm

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023TTM
Sales2823835757208091,0021,2221,4341,6621,0751,6662,4652,711
Expenses2543445236577479171,0901,3011,4489441,4622,1962,515
Operating Profit283952646285133133214131204269196
OPM %10%10%9%9%8%8%11%9%13%12%12%11%7%
Other Income0110244-4421141524
Interest76443422555977117140
Depreciation681151919232894103131180210
Profit before tax16273855426711210070-1010-13-130
Tax %34%32%33%32%35%34%31%38%29%36%-12%40%
Net Profit101825372844786249-612-8-95
EPS in Rs10.0214.0120.7415.2924.3042.9333.9927.18-3.155.89-3.97-47.94
Dividend Payout %3%10%7%7%8%5%5%5%0%0%13%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2012-20132013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-2023
YoY Net Profit Growth (%)80.00%38.89%48.00%-24.32%57.14%77.27%-20.51%-20.97%-112.24%300.00%-166.67%
Change in YoY Net Profit Growth (%)0.00%-41.11%9.11%-72.32%81.47%20.13%-97.79%-0.45%-91.28%412.24%-466.67%

Growth

Compounded Sales Growth
10 Years:20%
5 Years:15%
3 Years:14%
TTM:16%
Compounded Profit Growth
10 Years:%
5 Years:%
3 Years:%
TTM:-458%
Stock Price CAGR
10 Years:20%
5 Years:-5%
3 Years:-9%
1 Year:-3%
Return on Equity
10 Years:7%
5 Years:4%
3 Years:0%
Last Year:-1%

Last Updated: April 16, 2024, 6:13 pm

Balance Sheet

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Sep 2023
Equity Capital7181818181818181820202020
Reserves47130152187213252329391441806830829743
Borrowings413544312736105175689021,3321,419
Other Liabilities38478093126185202222248234348562683
Total Liabilities1332302943293834915506321,2241,6272,0992,7432,865
Fixed Assets344770981101171451656676971,1111,4451,658
CWIP111121442261099
Investments041342232723461831912596
Other Assets991401882082383003684025466098571,1791,192
Total Assets1332302943293834915506321,2241,6272,0992,7432,865

Reserves and Borrowings Chart

Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Cash from Operating Activity 171011404669587686149-11181
Cash from Investing Activity -14-62-27-19-37-73-8-731-419124-159
Cash from Financing Activity -3672-20-105-38-4-94287-104-37
Net Cash Flow-014-141-1111-1-8178-15

Free Cash Flow

MonthMar 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Free Cash Flow-13.004.008.0033.0035.0049.00132.00133.00-303.00-437.00-698.00268.00

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 2012Mar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023
Debtor Days000000000000
Inventory Days160155154132131140135124155216224199
Days Payable6252605461837356649797112
Cash Conversion Cycle981039578705762689111912687
Working Capital Days6766605144343836581068971
ROCE %25%23%21%26%18%25%35%29%18%4%5%5%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
Promoters46.67%46.66%46.44%46.40%46.20%46.14%46.10%45.78%44.34%44.34%44.34%44.34%
FIIs24.35%23.39%22.12%21.14%20.23%18.19%11.51%11.18%14.17%14.82%14.28%14.32%
DIIs20.83%20.85%21.69%22.03%23.23%25.56%31.51%32.67%31.82%30.97%32.64%34.00%
Public8.15%9.10%9.75%10.43%10.33%10.10%10.87%10.36%9.67%9.86%8.75%7.35%
No. of Shareholders22,08318,46523,06124,09924,22524,14126,15625,61124,76326,02225,60325,268

Shareholding Pattern Chart

No. of Shareholders

V-Mart Retail Ltd Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)
Kotak Small Cap Fund - Regular Plan9020981.28180.84
ICICI Prudential Smallcap Fund6231231.76124.92
ICICI Prudential ELSS Tax Saver Fund5377290.87107.8
Bandhan Sterling Value Fund3350000.8667.16
Kotak Multicap Fund3342370.8367
Canara Robeco Small Cap Fund2641230.657.54
Tata ELSS Tax Saver Fund1397570.7128.02
Bandhan Multi Cap Fund1350001.4927.06
Mahindra Manulife Small Cap Fund890760.5519.41
Mahindra Manulife Aggressive Hybrid Fund508561.1111.08

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 23Mar 22Mar 21Mar 20Mar 19
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)-3.975.90-3.3727.1834.01
Diluted EPS (Rs.)-3.975.88-3.3727.1733.90
Cash EPS (Rs.)87.0672.0749.1078.9149.23
Book Value[Excl.RevalReserv]/Share (Rs.)429.38430.20418.77252.78225.74
Book Value[Incl.RevalReserv]/Share (Rs.)429.38430.20418.77252.78225.74
Dividend / Share (Rs.)0.000.750.000.001.70
Revenue From Operations / Share (Rs.)1247.93843.65545.75915.44790.81
PBDIT / Share (Rs.)143.57110.5377.26120.2076.58
PBIT / Share (Rs.)52.5544.3525.0168.4761.35
PBT / Share (Rs.)-6.585.26-4.9038.3055.05
Net Profit / Share (Rs.)-3.975.89-3.1527.1833.99
PBDIT Margin (%)11.5013.1014.1513.139.68
PBIT Margin (%)4.215.254.587.477.75
PBT Margin (%)-0.520.62-0.894.186.96
Net Profit Margin (%)-0.310.69-0.572.964.29
Return on Networth / Equity (%)-0.921.37-0.7510.7515.05
Return on Capital Employeed (%)5.275.143.6113.7626.45
Return On Assets (%)-0.280.55-0.384.039.75
Total Debt / Equity (X)0.170.000.000.000.00
Asset Turnover Ratio (%)1.020.890.751.792.43
Current Ratio (X)1.372.273.351.611.99
Quick Ratio (X)0.240.581.720.120.43
Dividend Payout Ratio (NP) (%)-18.880.000.000.005.88
Dividend Payout Ratio (CP) (%)0.860.000.000.004.06
Earning Retention Ratio (%)118.880.000.000.0094.12
Cash Earning Retention Ratio (%)99.140.000.000.0095.94
Interest Coverage Ratio (X)2.432.832.583.9886.10
Interest Coverage Ratio (Post Tax) (X)0.931.150.891.9045.29
Enterprise Value (Cr.)4392.407808.565427.772560.524867.18
EV / Net Operating Revenue (X)1.784.695.051.543.39
EV / EBITDA (X)15.4735.7735.6511.7335.05
MarketCap / Net Operating Revenue (X)1.734.715.071.543.41
Retention Ratios (%)118.880.000.000.0094.11
Price / BV (X)5.029.236.615.5911.94
Price / Net Operating Revenue (X)1.734.715.071.543.41
EarningsYield0.000.000.000.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value: 69.69

The stock is overvalued by 96.63% compared to the current price ₹2070

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.

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 19.50%, which is a positive sign.
  2. The company has higher reserves (411.54 cr) compared to borrowings (381.00 cr), indicating strong financial stability.
  3. The company has shown consistent growth in sales (213.77 cr) and profit (29.54 cr) over the years.
  1. The stock has a high average Working Capital Days of 60.00, which may not be favorable.
  2. The stock has a high average Cash Conversion Cycle of 87.83, which may not be favorable.

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: -0.31%
      • 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: 5.27% (Industry Average ROCE: 14.61%)
      • 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%: -0.92% (Industry Average ROE: 22.55%)
      • 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): 0.93
      • 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 of N/A (Industry average Stock P/E: 32.55)
      • 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: 0.17
      • 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

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. Govind Shridhar ShrikhandeInd. Non-Executive Director
Mr. Murli RamachandranInd. Non-Executive Director
Ms. Sonal MattooInd. Non-Executive Director

V-Mart Retail Ltd. Share Price Update

Share PriceValue
Today₹2,058.80
Previous Day₹2,051.55

FAQ

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

The latest fair value of V-Mart Retail Ltd is ₹69.69.

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

The Market Cap of V-Mart Retail Ltd is 4,099 Cr..

What is the current Stock Price of V-Mart Retail Ltd as on 23 April 2024?

The current stock price of V-Mart Retail Ltd as on 23 April 2024 is 2,070.

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 ₹2,445/1,591.

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 386.

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 5.17 %.

What is the ROE of V-Mart Retail Ltd?

The ROE of V-Mart Retail Ltd is 1.18 %.

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