Meesho Limited
Meesho Limited operates in E-Retail/ E-Commerce, part of the Consumer Services sector. It booked ₹4,132 cr of revenue in its latest quarter (Q2 FY27) and kept -3.2% of sales as profit. It is the 2nd largest of 9 E-Retail/ E-Commerce companies we track, by market value.
From the company's consolidated segment filings (Ind AS 108). Margin is segment operating profit (before interest & tax) over segment revenue; reconciliation rows like inter-segment eliminations are excluded from the mix.
Healthier than 29% of companies in Consumer Services, on the 4 of 6 measures we could read for it. Each measure is ranked against the 44–46 companies that reported it.
Measures financial condition, not whether to buy. Learn what this score means · How this is calculated
- RSI (14)
- 50
At close. Not part of the score.
How much profit it earns on the money it employs
How much it owes, and whether earnings cover the interest
What today's price implies, against our models or its peers
How much of the promoters' stake is pledged, and how much they hold
Not measurable for this company: cash quality, growth & consistency. Those pillars are left out of the score rather than counted as zero.
What if I invest in MEESHO?
Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.
The starting rate is a round number, not a view on this company — this is your assumption, and the figure above is arithmetic on it. Returns are not steady year to year, and a real holding would not grow in a straight line. We do not publish price targets or predict returns.
P/E, ROE, ROCE and margins are annualised from the latest quarter; per-share and balance-sheet ratios use the most recent balance sheet on file · prices as of 2026-11-04.
An educational model from the company's own filings, every assumption shown — not investment advice or a price target. Prices can stay above or below any model for years.
| Revenue from Operations | ₹4,132 cr |
| Other Income | ₹127 cr |
| Total Income | ₹4,259 cr |
| Cost of Materials | ₹0 cr |
| Purchases of Stock-in-Trade | ₹0 cr |
| Employee Benefit Expense | ₹281 cr |
| Finance Costs | ₹1 cr |
| Depreciation & Amortisation | ₹20 cr |
| Other Expenses | ₹4,080 cr |
| Total Expenses | ₹4,382 cr |
| Profit before Tax | ₹-123 cr |
| Tax Expense | ₹9 cr |
| Net Profit | ₹-132 cr |
| Net margin on total income | -3.1% |
The company made a net loss of ₹132 cr this quarter — income covered only ₹97 of every ₹100 it spent on costs and tax.
| Metric | Q4 FY26 | Q1 FY27 | Q2 FY27 |
|---|---|---|---|
| Revenue | 3,531 cr | 3,713 cr | 4,132 cr |
| Total income | 3,647 cr | 3,826 cr | 4,259 cr |
| Expenses | 3,807 cr | 3,959 cr | 4,382 cr |
| Profit before tax | -160 cr | -133 cr | -123 cr |
| Tax | 6 cr | 0 cr | 9 cr |
| Net profit (owners' share) | -166 cr | -133 cr | -132 cr |
| Net margin (owners' share, on revenue) | -4.7% | -3.6% | -3.2% |
| EPS (₹) | -0.36 | -0.28 | -0.28 |
| Company | Price | Market cap | P/E | ROE | Net margin | 1-yr return |
|---|---|---|---|---|---|---|
| ETERNAL LIMITED | ₹349 | ₹3.22 L cr | 624.0 | 1.6% | 0.5% | — |
| Meesho Limitedthis company | ₹223 | ₹1.03 L cr | — | -12.6% | -3.2% | — |
| FSN E-Commerce Ventures Limited | ₹354 | ₹1.01 L cr | 316.0 | 22.3% | 2.9% | — |
| Swiggy Limited | ₹177 | ₹46,301 cr | — | -21.7% | -12.2% | — |
| Urban Company Limited | ₹159 | ₹23,639 cr | — | -36.9% | -34.0% | — |
| Cartrade Tech Limited | ₹2,498 | ₹12,146 cr | 50.8 | 9.0% | 27.9% | — |
| Brainbees Solutions Limited | ₹163 | ₹7,916 cr | — | -2.6% | -1.5% | — |
| Rentomojo Limited | ₹549 | ₹5,510 cr | 175.8 | — | 6.2% | — |
| RattanIndia Enterprises Limited | ₹25 | ₹3,449 cr | — | -12.8% | -1.2% | — |
A company cannot decide everything on its own. Things like a top executive’s pay, issuing new shares, or re-appointing a director have to be put to the people who own the company, and they vote — one vote per share. So whoever owns the most shares has the most say.
Every vote count above is taken from the result the company filed with the stock exchange, certified by an independent counter. To work out what would have happened without the promoters, we simply remove their votes and re-apply the same legal bar the proposal had to clear. Nothing here is an estimate or an opinion.
Most Indian companies are controlled by a family or group — the promoters. The exchange requires them to be listed by name, including members who own no shares at all, and requires the company to disclose any business it does with them.
Names and holdings from the company’s shareholding pattern filed with the exchange; transactions from the related-party note in its annual report. Every figure is as filed — these are legal, disclosed dealings, and what to make of them is your call.
When a company raises money from investors, it has to say up front what the money is for. The rules then make it report, every three months until the money is gone, how much of each of those things it has actually paid for — so a promise made while asking for the money can be checked afterwards.
As of Sep 2026, the company says it has spent 51% of what it set aside, leaving ₹2,081 cr still to be spent. CRISIL Rating Limited watches the spending on the exchange’s behalf.
Every figure above is taken from the statement the company files with the stock exchange each quarter, for as long as money it has raised remains unspent. The only thing we work out is how much of each stated purpose has been paid for — one number divided by another from the same filing. Whether a plan that changed was a good change is not something a filing can tell you. See the filing