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Last Updated: April 2, 2026, 3:53 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 532867 | NSE: V2RETAIL

V2 Retail Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹107.22Overvalued by 43.27%vs CMP ₹189.00

P/E (53.2) × ROE (23.3%) × BV (₹10.60) × DY (2.00%)

₹135.99Overvalued by 28.05%vs CMP ₹189.00
MoS: -39% (Negative)Confidence: 54/100 (Moderate)Models: 2 Under, 6 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹230.9427%Under (+22.2%)
Graham NumberEarnings₹100.0416%Over (-47.1%)
DCFCash Flow₹64.8013%Over (-65.7%)
Net Asset ValueAssets₹10.599%Over (-94.4%)
EV/EBITDAEnterprise₹62.3311%Over (-67%)
Earnings YieldEarnings₹419.609%Under (+122%)
ROCE CapitalReturns₹10.659%Over (-94.4%)
Revenue MultipleRevenue₹51.557%Over (-72.7%)
Consensus (8 models)₹135.99100%Overvalued
Key Drivers: EPS CAGR 115.4% lifts DCF — verify sustainability. | Wide model spread (₹11–₹420) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 115.4%

*Investments are subject to market risks

Investment Snapshot

67
V2 Retail Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health54/100 · Moderate
ROCE 16.9% GoodROE 23.3% ExcellentD/E 1.46 High debtInterest Coverage 0.0x RiskyProfitable 2/5 years Inconsistent
Smart Money70/100 · Strong
FII holding up 1.70% (6mo) AccumulatingDII holding up 2.42% MF buyingPromoter decreased by 2.79% Caution
Earnings Quality75/100 · Strong
OPM expanding (11% → 14%) ImprovingWorking capital: 19 days (improving) Efficient
Quarterly Momentum90/100 · Strong
Revenue (4Q): +65% YoY AcceleratingProfit (4Q): +117% YoY Strong
Industry Rank50/100 · Moderate
P/E 53.2 vs industry 29.1 Premium to peersROCE 16.9% vs industry 19.4% Average3Y sales CAGR: 44% 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: April 2, 2026, 3:53 am

Market Cap 6,907 Cr.
Current Price 189
Intrinsic Value₹135.99
High / Low 257/157
Stock P/E53.2
Book Value 10.6
Dividend Yield0.00 %
ROCE16.9 %
ROE23.3 %
Face Value 1.00
PEG Ratio0.46

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

View Share Price Target for V2 Retail Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
V2 Retail Ltd 6,907 Cr. 189 257/15753.2 10.60.00 %16.9 %23.3 % 1.00
Aditya Birla Fashion & Retail Ltd 7,084 Cr. 58.0 106/53.5 51.20.00 %2.87 %10.9 % 10.0
Vaibhav Global Ltd 3,096 Cr. 185 293/17414.8 86.63.24 %14.0 %11.7 % 2.00
Kewal Kiran Clothing Ltd 2,717 Cr. 441 595/40820.7 1470.45 %18.8 %14.9 % 10.0
Go Fashion (India) Ltd 1,440 Cr. 267 944/23720.2 1370.00 %15.1 %14.3 % 10.0
Industry Average24,434.50 Cr470.5329.0777.230.38%19.39%25.97%5.80

All Competitor Stocks of V2 Retail Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 240193264231374296415380591499632709929
Expenses 202179228211313265360347479441545623755
Operating Profit 3814362061315533111588785174
OPM % 16%7%14%9%16%11%13%9%19%12%14%12%19%
Other Income 22123113121132
Interest 1091012121314151821232822
Depreciation 18171818211921232628323846
Profit before tax 12-108-831022-269103321138
Tax % 26%-25%26%-33%25%-7,100%25%-20%25%38%26%18%26%
Net Profit 9-86-624416-25162517102
EPS in Rs 2.71-2.241.80-1.656.811.044.72-0.5614.801.867.134.9827.99

Last Updated: March 3, 2026, 1:58 pm

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 26, 2026, 8:16 am

MetricMar 2009Mar 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 1,3231,105421092292877015386298391,1651,8842,769
Expenses 1,3261,565521082232586244885627531,0161,6242,364
Operating Profit -3-460-9152877506785149260404
OPM % -0%-42%-21%1%2%10%11%9%11%10%13%14%15%
Other Income 9-41112215231677636
Interest 98918791033333942497094
Depreciation 49473232515659677799143
Profit before tax -140-639-19-7-5189-15-15-173198203
Tax % -33%-35%81%-26%-18%47%-1%-16%-21%-24%11%27%
Net Profit -94-415-35-5-4109-13-12-132872150
EPS in Rs -42.19-185.42-15.55-2.35-1.934.132.57-3.76-3.40-3.738.0420.8241.96
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2009-20102012-20132013-20142014-20152020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)-341.49%85.71%20.00%350.00%-244.44%7.69%-8.33%315.38%157.14%
Change in YoY Net Profit Growth (%)0.00%427.20%-65.71%330.00%-594.44%252.14%-16.03%323.72%-158.24%

V2 Retail Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 9 years from 2009-2010 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:21%
5 Years:22%
3 Years:44%
TTM:60%
Compounded Profit Growth
10 Years:22%
5 Years:84%
3 Years:101%
TTM:113%
Stock Price CAGR
10 Years:40%
5 Years:98%
3 Years:139%
1 Year:51%
Return on Equity
10 Years:%
5 Years:5%
3 Years:11%
Last Year:23%

Last Updated: September 5, 2025, 1:50 pm

Balance Sheet

Last Updated: December 4, 2025, 2:10 am

MonthMar 2009Mar 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 22222222222434343434353535
Reserves 155-255252247240251245235224213240312352
Borrowings 751766577184693263963984245258501,312
Other Liabilities 15224511283961115148136123227403688
Total Liabilities 1,0807783433683854057218137927931,0271,5992,387
Fixed Assets 2712227914183393953944084808631,320
CWIP 6001014500044
Investments 00333231300000000
Other Assets 8035573033263403553784143983855477321,063
Total Assets 1,0807783433683854057218137927931,0271,5992,387

Reserves and Borrowings Chart

Cash Flow

MonthMar 2009Mar 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + -6557-38-121235743598693223
Cash from Investing Activity + -1085-1-4-7-67-20-16-12-39-131
Cash from Financing Activity + 133-6668-4-30-28-22-58-76-50-93
Net Cash Flow -41-4-33-80-152-39-15-25-0
Free Cash Flow -17562-35-1652963-2443735694
CFO/OP 2,236%-12%424%-1,155%219%123%96%7%86%100%63%95%

Free Cash Flow

MonthMar 2009Mar 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-754.00-1,226.00-66.00-70.00-79.00-41.00-249.00-346.00-331.00-339.00-376.00-590.00

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 2009Mar 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 114000001000
Inventory Days 26664187207118141156308264184199159
Days Payable 385291114606375134108709292
Cash Conversion Cycle 230131009358798117415611410766
Working Capital Days 16313-265-59-32-27407270514219
ROCE %-5%-68%0%1%8%3%4%4%11%17%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 53.57%54.26%54.26%54.28%54.28%54.30%54.30%54.30%54.24%54.22%54.22%51.43%
FIIs 6.40%6.37%6.36%6.36%6.57%6.69%0.80%0.91%1.31%1.90%2.10%3.01%
DIIs 1.91%0.37%0.37%0.37%0.36%0.43%4.34%5.98%6.70%7.35%7.12%9.12%
Public 38.13%39.00%39.01%38.99%38.80%38.60%40.57%38.82%37.75%36.53%36.56%36.45%
No. of Shareholders 19,59718,63417,32416,16616,24416,86224,10126,87735,12537,44639,93842,869

Shareholding Pattern Chart

No. of Shareholders

V2 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
Motilal Oswal Large and Midcap Fund 1,474,067 1.96 293.961,436,7962026-02-23 01:49:232.59%
Bandhan Small Cap Fund 120,020 0.12 23.9371,2652026-03-23 11:19:1368.41%
Edelweiss Aggressive Hybrid Fund 90,065 0.51 17.96N/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.) 20.828.04-3.73-3.40-3.77
Diluted EPS (Rs.) 20.828.04-3.73-3.39-3.76
Cash EPS (Rs.) 49.3430.2215.7713.7112.51
Book Value[Excl.RevalReserv]/Share (Rs.) 100.1279.4271.8075.0878.78
Book Value[Incl.RevalReserv]/Share (Rs.) 100.1279.4271.8075.0878.78
Revenue From Operations / Share (Rs.) 544.82336.73243.94182.97157.94
PBDIT / Share (Rs.) 76.5544.9026.3623.4220.97
PBIT / Share (Rs.) 48.0322.726.866.314.69
PBT / Share (Rs.) 28.409.07-4.93-4.32-4.48
Net Profit / Share (Rs.) 20.828.04-3.73-3.40-3.77
NP After MI And SOA / Share (Rs.) 20.828.04-3.73-3.40-3.77
PBDIT Margin (%) 14.0513.3310.8012.8013.27
PBIT Margin (%) 8.816.742.813.452.96
PBT Margin (%) 5.212.69-2.02-2.36-2.83
Net Profit Margin (%) 3.822.38-1.52-1.85-2.38
NP After MI And SOA Margin (%) 3.822.38-1.52-1.85-2.38
Return on Networth / Equity (%) 20.8010.12-5.19-4.52-4.77
Return on Capital Employeed (%) 15.8511.434.003.762.75
Return On Assets (%) 4.502.70-1.61-1.47-1.57
Long Term Debt / Equity (X) 0.050.060.020.021.15
Total Debt / Equity (X) 0.330.330.210.211.46
Asset Turnover Ratio (%) 1.441.281.060.790.71
Current Ratio (X) 1.191.431.591.591.56
Quick Ratio (X) 0.170.190.230.230.26
Inventory Turnover Ratio (X) 3.860.330.180.000.00
Interest Coverage Ratio (X) 3.903.292.242.202.29
Interest Coverage Ratio (Post Tax) (X) 2.061.590.680.680.58
Enterprise Value (Cr.) 6010.741534.05284.47551.97798.94
EV / Net Operating Revenue (X) 3.191.320.330.871.48
EV / EBITDA (X) 22.709.883.146.8511.17
MarketCap / Net Operating Revenue (X) 3.131.250.280.800.79
Price / BV (X) 17.055.290.951.961.60
Price / Net Operating Revenue (X) 3.131.250.280.800.79
EarningsYield 0.010.01-0.05-0.02-0.02

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

About the Company - Qualitative Analysis

V2 Retail Ltd. is a Public Limited Listed company incorporated on 23/07/2001 and has its registered office in the State of Delhi, India. Company's Corporate Identification Number(CIN) is L74999DL2001PLC147724 and registration number is 147724. 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. 1884.50 Cr. and Equity Capital is Rs. 34.59 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Retail - Apparel/AccessoriesKhasra No.928, Extended Lal Dora Abadi, New Delhi Delhi 110037Contact not found
Management
NamePosition Held
Mr. Ram Chandra AgarwalChairman & Managing Director
Mrs. Uma AgarwalWhole Time Director
Mr. Akash AgarwalWhole Time Director
Dr. Arun Kumar RoopanwalIndependent Director
Mrs. Archana S YadavIndependent Director
Mr. Srinivas Anand MannavaIndependent Director

FAQ

What is the intrinsic value of V2 Retail Ltd and is it undervalued?

As of 14 April 2026, V2 Retail Ltd's intrinsic value is ₹135.99, which is 28.05% lower than the current market price of ₹189.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (23.3 %), book value (₹10.6), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of V2 Retail Ltd?

V2 Retail Ltd is trading at ₹189.00 as of 14 April 2026, with a FY2026-2027 high of ₹257 and low of ₹157. The stock is currently in the middle of its 52-week range. Market cap stands at ₹6,907 Cr..

How does V2 Retail Ltd's P/E ratio compare to its industry?

V2 Retail Ltd has a P/E ratio of 53.2, which is above the industry average of 29.07. The premium over industry average may reflect growth expectations or speculative interest.

Is V2 Retail Ltd financially healthy?

Key indicators for V2 Retail Ltd: ROCE of 16.9 % indicates efficient capital utilization; ROE of 23.3 % shows strong shareholder returns. Dividend yield is 0.00 %.

Is V2 Retail Ltd profitable and how is the profit trend?

V2 Retail Ltd reported a net profit of ₹72 Cr in Mar 2025 on revenue of ₹1,884 Cr. Compared to ₹-12 Cr in Mar 2022, the net profit shows an improving trend.

Does V2 Retail Ltd pay dividends?

V2 Retail Ltd has a dividend yield of 0.00 % at the current price of ₹189.00. The company is currently not paying meaningful dividends.

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 V2 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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