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V-Mart Retail Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹113.22Overvalued by 82.20%vs CMP ₹636.00

P/E (42.5) × ROE (3.1%) × BV (₹106.00) × DY (2.00%)

₹280.91Overvalued by 55.83%vs CMP ₹636.00
MoS: -126.4% (Negative)Confidence: 54/100 (Moderate)Models: 1 Under, 1 Fair, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹183.7127%Over (-71.1%)
Graham NumberEarnings₹198.5516%Over (-68.8%)
DCFCash Flow₹304.0713%Over (-52.2%)
Net Asset ValueAssets₹106.489%Over (-83.3%)
EV/EBITDAEnterprise₹826.0311%Under (+29.9%)
Earnings YieldEarnings₹165.309%Over (-74%)
ROCE CapitalReturns₹62.409%Over (-90.2%)
Revenue MultipleRevenue₹615.087%Fair (-3.3%)
Consensus (8 models)₹280.91100%Overvalued
Key Drivers: EPS CAGR 62.3% lifts DCF — verify sustainability. | ROE 3.1% is below cost of equity.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 62.3%

*Investments are subject to market risks

Analyst Summary

V-Mart Retail Ltd operates in the Retail - Departmental Stores segment, NSE: VMART | BSE: 534976, current market price is ₹636.00, market cap is 5,047 Cr.. At a glance, stock P/E is 42.5, ROE is 3.08 %, ROCE is 8.50 %, book value is 106, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹280.91, around 55.8% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹3,254 Cr versus the prior period change of 16.8%, while latest net profit is about ₹46 Cr with a prior-period change of 147.4%. The 52-week range shown on this page is 962/458, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisV-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 L51909DL2…

This summary is generated from the stock page data available for V-Mart Retail Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

52
V-Mart Retail Ltd scores 52/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health43/100 · Moderate
ROCE 8.5% AverageROE 3.1% WeakD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money50/100 · Moderate
FII holding stable No changePromoter holding at 44.2% Stable
Earnings Quality60/100 · Moderate
OPM stable around 10% SteadyWorking capital: 1 days (improving) Efficient
Quarterly Momentum60/100 · Moderate
Revenue (4Q): +14% YoY Growing
Industry Rank50/100 · Moderate
P/E 42.5 vs industry 37.1 In-lineROCE 8.5% vs industry 11.5% AverageROE 3.1% vs industry 25.3% Below peers3Y sales CAGR: 25% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily. Not investment advice.

Share Price and Basic Stock Data

Last Updated: May 5, 2026, 1:58 am

Market Cap 5,047 Cr.
Current Price 636
Intrinsic Value₹280.91
High / Low 962/458
Stock P/E42.5
Book Value 106
Dividend Yield0.00 %
ROCE8.50 %
ROE3.08 %
Face Value 10.0
PEG Ratio0.68

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

View Share Price Target for V-Mart Retail Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
V-Mart Retail Ltd 5,047 Cr. 636 962/45842.5 1060.00 %8.50 %3.08 % 10.0
Shoppers Stop Ltd 3,310 Cr. 300 589/267 26.10.00 %7.96 %3.39 % 5.00
Spencers Retail Ltd 322 Cr. 35.8 70.2/24.3 87.30.00 %9.72 %% 5.00
Praxis Home Retail Ltd 139 Cr. 7.68 14.6/5.24 2.780.00 %9.63 %% 5.00
Future Market Networks Ltd 124 Cr. 2.28 / 20.60.00 %13.3 %116 % 2.00
Industry Average42,021.43 Cr671.3937.0681.350.00%11.49%25.26%6.00

All Competitor Stocks of V-Mart Retail Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 7775946795498896697866611,0277808858071,126
Expenses 673571626549769628687622855712759735917
Operating Profit 104235211204099391716812672210
OPM % 13%4%8%0%13%6%13%6%17%9%14%9%19%
Other Income 182213452327332
Interest 31343336383637394217181721
Depreciation 47485053586157596354687178
Profit before tax 26-52-29-8637-529-58702343-14113
Tax % 24%-28%-24%-26%23%-25%-30%-3%-3%19%22%-35%22%
Net Profit 20-37-22-6428-3912-57721934-988
EPS in Rs 2.52-4.67-2.77-8.113.57-4.921.53-7.149.042.344.23-1.1211.08

Last Updated: February 3, 2026, 3:16 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 10:46 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 5757208091,0021,2221,4341,6621,0751,6662,4652,7863,2543,599
Expenses 5236577479171,0901,3011,4489441,4622,1962,5702,8743,123
Operating Profit 52646285133133214131204269215380475
OPM % 9%9%8%8%11%9%13%12%12%11%8%12%13%
Other Income 10244-44211415193435
Interest 44342255597711714213674
Depreciation 1151919232894103131180222233271
Profit before tax 3855426711210070-1010-13-13044165
Tax % 33%32%35%34%31%38%29%-36%-12%-40%-26%-4%
Net Profit 25372844786249-612-8-9746131
EPS in Rs 3.505.183.826.0710.738.506.80-0.791.47-0.99-12.235.7816.53
Dividend Payout % 7%7%8%5%5%5%0%0%13%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)48.00%-24.32%57.14%77.27%-20.51%-20.97%-112.24%300.00%-166.67%-1112.50%147.42%
Change in YoY Net Profit Growth (%)0.00%-72.32%81.47%20.13%-97.79%-0.45%-91.28%412.24%-466.67%-945.83%1259.92%

V-Mart Retail Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:16%
5 Years:14%
3 Years:25%
TTM:16%
Compounded Profit Growth
10 Years:-4%
5 Years:-13%
3 Years:25%
TTM:185%
Stock Price CAGR
10 Years:20%
5 Years:11%
3 Years:1%
1 Year:-17%
Return on Equity
10 Years:3%
5 Years:-2%
3 Years:-3%
Last Year:3%

Last Updated: September 5, 2025, 1:51 pm

Balance Sheet

Last Updated: December 4, 2025, 2:12 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 18181818181818202020202079
Reserves 152187213252329391441806830829727790766
Borrowings 44312736105175689021,3321,391783801
Other Liabilities 8093126185202222248234348562707844979
Total Liabilities 2943293834915506321,2241,6272,0992,7432,8452,4362,626
Fixed Assets 70981101171451656676971,1111,4451,6611,0391,152
CWIP 1121442261094412
Investments 34223272346183191259555
Other Assets 1882082383003684025466098571,1791,1761,3881,457
Total Assets 2943293834915506321,2241,6272,0992,7432,8452,4362,626

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 404669587686149-11177386349501
Cash from Investing Activity + -19-37-73-8-731-419124-159-118-122-174
Cash from Financing Activity + -20-105-38-4-94287-104-33-259-215-346
Net Cash Flow 1-1111-1-8178-15912-20
Free Cash Flow 62027103632109-161-101263225344
CFO/OP 89%98%110%72%82%52%116%0%72%180%92%102%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow8.0033.0035.0049.00132.00133.00-303.00-437.00-698.00268.00214.00-403.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 000000000000
Inventory Days 154132131140135124155216224199163169
Days Payable 605461837356649797112127131
Cash Conversion Cycle 95787057626891119126873639
Working Capital Days 32373222383641947638141
ROCE %21%26%18%25%35%29%18%4%5%5%1%8%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 44.34%44.34%44.34%44.34%44.34%44.34%44.32%44.29%44.28%44.19%44.18%44.15%
FIIs 14.17%14.82%14.28%14.32%15.32%15.46%16.02%17.32%17.48%18.29%17.46%17.01%
DIIs 31.82%30.97%32.64%34.00%33.99%32.62%32.79%32.45%32.93%31.51%32.11%32.46%
Public 9.67%9.86%8.75%7.35%6.37%7.59%6.89%5.94%5.33%6.02%6.26%6.38%
No. of Shareholders 24,76326,02225,60325,26822,47118,02320,67429,86918,13723,90126,76324,903

Shareholding Pattern Chart

No. of Shareholders

V-Mart Retail Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Multi Asset Allocation Fund 1,472 0.09 2829.04N/AN/AN/A
SBI Multicap Fund 4,000,000 0.97 221.521,000,0002025-11-03 12:24:48300%
Kotak Small Cap Fund 3,512,254 1.15 194.513,506,2522025-12-15 01:03:220.17%
Franklin India Small Cap Fund 2,068,328 0.89 114.542,000,0002026-02-22 06:00:143.42%
Bandhan Value Fund 1,990,000 1.09 110.21N/AN/AN/A
Canara Robeco Small Cap Fund 1,564,011 0.68 86.611,534,0112026-01-26 03:43:051.96%
ICICI Prudential ELSS Tax Saver Fund 1,281,060 0.49 70.951,195,9442026-03-23 02:49:007.12%
Invesco India Contra Fund 1,235,108 0.34 68.4206,8782025-10-30 02:32:29497.02%
Bandhan Flexi Cap Fund 1,205,000 0.9 66.731,197,8582026-03-24 02:03:500.6%
Edelweiss Small Cap Fund 791,788 0.8 43.85N/AN/AN/A

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 23.12-48.93-3.975.90-3.37
Diluted EPS (Rs.) 22.89-48.93-3.975.88-3.37
Cash EPS (Rs.) 140.7963.3887.0672.0749.10
Book Value[Excl.RevalReserv]/Share (Rs.) 409.18377.65429.38430.20418.77
Book Value[Incl.RevalReserv]/Share (Rs.) 409.18377.65429.38430.20418.77
Dividend / Share (Rs.) 0.000.000.000.750.00
Revenue From Operations / Share (Rs.) 1643.361408.291247.93843.65545.75
PBDIT / Share (Rs.) 196.58118.30143.57110.5377.26
PBIT / Share (Rs.) 78.916.0052.5544.3525.01
PBT / Share (Rs.) 22.20-65.97-6.585.26-4.90
Net Profit / Share (Rs.) 23.12-48.92-3.975.89-3.15
PBDIT Margin (%) 11.968.4011.5013.1014.15
PBIT Margin (%) 4.800.424.215.254.58
PBT Margin (%) 1.35-4.68-0.520.62-0.89
Net Profit Margin (%) 1.40-3.47-0.310.69-0.57
Return on Networth / Equity (%) 5.64-12.95-0.921.37-0.75
Return on Capital Employeed (%) 12.320.605.275.143.61
Return On Assets (%) 1.87-3.40-0.280.55-0.38
Total Debt / Equity (X) 0.180.140.170.000.00
Asset Turnover Ratio (%) 1.230.991.020.890.75
Current Ratio (X) 1.051.161.372.273.35
Quick Ratio (X) 0.200.240.240.581.72
Inventory Turnover Ratio (X) 3.610.000.000.000.00
Dividend Payout Ratio (NP) (%) 0.000.00-18.880.000.00
Dividend Payout Ratio (CP) (%) 0.000.000.860.000.00
Earning Retention Ratio (%) 0.000.00118.880.000.00
Cash Earning Retention Ratio (%) 0.000.0099.140.000.00
Interest Coverage Ratio (X) 2.851.642.432.832.58
Interest Coverage Ratio (Post Tax) (X) 1.160.320.931.150.89
Enterprise Value (Cr.) 5877.484339.724392.407808.565427.77
EV / Net Operating Revenue (X) 1.811.561.784.695.05
EV / EBITDA (X) 15.1018.5515.4735.7735.65
MarketCap / Net Operating Revenue (X) 1.771.531.734.715.07
Retention Ratios (%) 0.000.00118.880.000.00
Price / BV (X) 7.125.705.029.236.61
Price / Net Operating Revenue (X) 1.771.531.734.715.07
EarningsYield 0.01-0.020.000.000.00

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

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 of readymade garments, hosiery goods, other articles of clothing and clothing accessories such as gloves, ties, braces etc.. Company's Total Operating Revenue is Rs. 3253.86 Cr. and Equity Capital is Rs. 19.80 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Retail - Departmental Stores610-611, Guru Ram Dass Nagar, New Delhi Delhi 110092Contact not found
Management
NamePosition Held
Mr. Aakash MoondhraChairman, Non Ind & Non Exe Director
Mr. Lalit AgarwalManaging Director
Mr. Madan AgarwalWhole Time Director
Mr. Raghuvesh SarupInd. Non-Executive Director
Ms. Shweta KumarInd. Non-Executive Director
Mr. Govind Shridhar ShrikhandeInd. Non-Executive Director

FAQ

What is the intrinsic value of V-Mart Retail Ltd and is it undervalued?

As of 10 May 2026, V-Mart Retail Ltd's intrinsic value is ₹280.91, which is 55.83% lower than the current market price of ₹636.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (3.08 %), book value (₹106), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of V-Mart Retail Ltd?

V-Mart Retail Ltd is trading at ₹636.00 as of 10 May 2026, with a FY2026-2027 high of ₹962 and low of ₹458. The stock is currently in the middle of its 52-week range. Market cap stands at ₹5,047 Cr..

How does V-Mart Retail Ltd's P/E ratio compare to its industry?

V-Mart Retail Ltd has a P/E ratio of 42.5, which is above the industry average of 37.06. The premium over industry average may reflect growth expectations or speculative interest.

Is V-Mart Retail Ltd financially healthy?

Key indicators for V-Mart Retail Ltd: ROCE of 8.50 % is on the lower side compared to the industry average of 11.49%; ROE of 3.08 % is below ideal levels (industry average: 25.26%). Dividend yield is 0.00 %.

Is V-Mart Retail Ltd profitable and how is the profit trend?

V-Mart Retail Ltd reported a net profit of ₹46 Cr in Mar 2025 on revenue of ₹3,254 Cr. Compared to ₹12 Cr in Mar 2022, the net profit shows an improving trend.

Does V-Mart Retail Ltd pay dividends?

V-Mart Retail Ltd has a dividend yield of 0.00 % at the current price of ₹636.00. The company is currently not paying meaningful dividends.

Last Updated: May 5, 2026, 1:58 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 534976 | NSE: VMART
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
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