V2RETAILConsumer Services

V2 Retail Limited

Speciality Retail · ISIN INE945H01021 · BSE 532867 · NSE EQ · FV ₹1
Last price
₹210
+0.58%today
What this company does

V2 Retail Limited operates in Speciality Retail, part of the Consumer Services sector. It booked ₹997 cr of revenue in its latest quarter (Q1 FY27) and kept 4.2% of sales as profit. It is the 7th largest of 9 Speciality Retail companies we track, by market value.

04 Who We Are Fashion has moved past metros, malls and premium price tags. It now shows up in college 06 FY 2025-26 At a Glance mornings, office corridors, festive evenings and family outings.
In the report:
59out of 100
Equitytale Health Score
Mixed

Healthier than 59% of companies in Consumer Services, on all six measures of filed financials. Each measure is ranked against the 7–46 companies that reported it.

Measures financial condition, not whether to buy. Learn what this score means · How this is calculated

Price momentum
neutral
RSI (14)
36

At close. Not part of the score.

Profitability & returns66

How much profit it earns on the money it employs

Balance sheet41

How much it owes, and whether earnings cover the interest

Cash quality36

Whether reported profit actually arrives as cash

Growth & consistency83

Whether sales and profit have grown, and how steadily

Valuation51

What today's price implies, against our models or its peers

Governance & risk88

How much of the promoters' stake is pledged, and how much they hold

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 58% vs last year
Profit up 70% vs last year
Promoters hold 51%
Strong 19% return on equity
Turns profit into real cash
Watch-outs
! Thin 4.2% net margin
! 1.8% of promoter stake pledged

What if I invest in V2RETAIL?

Set a growth rate and see what a monthly SIP would add up to. Your assumption, our arithmetic.

You would put in
₹12.00 lakh
120 instalments
At 10% a year, it would become
₹20.15 lakh

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 We do not publish price targets or predict returns.

Key ratios · latest quarter + price
₹210 +0.58%
latest close · 2026-09-17
52-wk low ₹20542 sessions so far52-wk high ₹228
Is it cheap or expensive?
What you pay for the profits, book value and cash flow. Higher isn't automatically worse — it can signal faster growth.
P/E ratio45.7High
LowAverageHigh
P/B ratio8.50High
Below bookModerateHigh
EV / EBITDA14.1Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity18.6%Strong
WeakFairStrong ▸15%
Return on capital20.3%Strong
WeakFairStrong
Net margin4.2%Thin
ThinDecentStrong
EBITDA margin14.1%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.28Comfortable
LowModerateHigh ▸1
Interest cover3.1×Okay
RiskyOkayStrong ▸5×
Current ratio1.44Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹7,672 cr
Book value
₹25
EPS
₹1.15
latest quarter
Net debt
₹248 cr
owes more than its cash
Enterprise value
₹7,920 cr
EBITDA
₹562 cr
annualised
EBIT
₹306 cr
annualised
Operating margin
7.7%
Return on assets
6.9%
Earnings yield
2.19%
P/S
1.92
Sales / share
₹109.4
Tax rate
18.9%
Face value
₹1
Shares
36.5 cr
Working capital
₹406 cr
Current assets
₹1,320 cr
Current liabilities
₹914 cr
Delivery %
54.1%
Strong / safeFairWeak / riskyValuation — a level, not good/badBands are general rules of thumb, not advice.

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 2026-09-17.

Worth vs price · from the FY 2026 report & filings
not investment advice
Hard to value confidentlyLow confidence
One year's profit is a one-off (far above the multi-year norm), so its recurring earnings power is unclear.
Models span ₹8₹12, midpoint ₹10

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.

P&L · Q1 FY27 (consolidated)
Revenue from Operations₹997 cr
Other Income₹98.8 L
Total Income₹998 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹870 cr
Inventory Change (±)₹-158 cr
Employee Benefit Expense₹80 cr
Finance Costs₹25 cr
Depreciation & Amortisation₹64 cr
Other Expenses₹65 cr
Total Expenses₹947 cr
Profit before Tax₹52 cr
Tax Expense₹10 cr
Net Profit₹42 cr
Net margin on total income4.2%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹712 cr71.3%
Employee benefit expense₹80 cr8.0%
Finance costs₹25 cr2.5%
Depreciation & amortisation₹64 cr6.4%
Other expenses₹65 cr6.5%
Tax expense₹10 cr1.0%
Profit for the period₹42 cr4.2%
Total income ₹998 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue929 cr797 cr997 cr
Total income933 cr801 cr998 cr
Expenses823 cr779 cr947 cr
Profit before tax138 cr22 cr52 cr
Tax36 cr5 cr10 cr
Net profit (owners' share)102 cr18 cr42 cr
Net margin (owners' share, on revenue)11.0%2.2%4.2%
EPS (₹)29.170.501.15
YoY (latest quarter): total income +57.7% · net profit +69.7%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2,422 cr
Shareholder equity
₹902 cr
parent shareholders
Total debt
₹254 cr
Cash
₹6 cr
Cash flow · H1 FY26
Operating
₹110 cr
Investing
₹-77 cr
Financing
₹-27 cr
Peer comparison
Speciality Retail · by market value
CompanyPriceMarket capP/E
Trent Limited₹2,789₹1.49 L cr71.7
Lenskart Solutions Limited₹680₹1.18 L cr132.8
Arvind Fashions Limited₹425₹15,648 cr141.7
Vedant Fashions Limited₹568₹13,788 cr51.6
Aditya Birla Lifestyle Brands Limited₹82₹10,058 cr85.8
Aditya Vision Limited₹633₹8,175 cr26.5
V2 Retail Limitedthis company₹210₹7,672 cr45.7
Aditya Birla Fashion and Retail Limited₹50₹6,158 cr
Shankara Buildpro Limited₹1,245₹3,019 cr21.1
Same industry · latest reported numbers · not a recommendation.
Corporate actions
ActionDetailEx-date
Stock splitStock Split From Rs.10/- to Rs.1/-25 Mar 2026
Who owns it · 2026-06-30
1.8% pledged
Promoter
51.4%
FII / Foreign
3.1%
DII / Domestic
10.7%
Retail / others
34.8%
Promoter stake down 2.9% over the last 12 quarters.
Smart-money activity
Insider trades
SoldVishal Waterworld Private Limited · Promoter Group3,500 · ₹66.1 L18 Jun 25
SoldVishal Waterworld Private Limited · Promoter Group2,374 · ₹44.9 L17 Jun 25
SoldRam Chandra Agarwal · Promoters1,309 · ₹26.2 L6 Feb 25
Bulk / block deals
short · NSE1129 May 26
short · NSE7612 May 26
short · NSE1716 Apr 26
Stake changes
SoldVishal waterworld Private Ltd · promoter→ 54.22% · 5,87418 Jun 25
SoldRam Chandra Agarwal · promoter→ 54.24% · 19,4466 Feb 25
SoldAkash Agarwal · promoter→ 54.30% · 1,0004 Feb 25
Promoter pledges
PledgedInfina Finance (P) Ltd.33.50 L · 0.00% held30 Mar 26
PledgedInfina Finance Private Ltd33.50 L · 0.00% held30 Mar 26
Releasedbank Of India7.70 L · 2.26% held2 Apr 19
What shareholders were asked to approve

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.

Postal ballot · 8 Mar 2026
See the official result
1
Sub-division of Equity Shares
Backed by 100% of shareholders other than promotersneeded 50%
43.86 L votes for, 82 against · 0% of mutual funds and other big investors said no
2
Alteration of the capital clause of Memorandum of Association of the Company
Backed by 100% of shareholders other than promotersneeded 50%
43.86 L votes for, 83 against · 0% of mutual funds and other big investors said no

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.

Who controls this company, and what it pays them

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.

The promoter group — 8 named members
owning 51.4% between them · as of 2026-06-30
Ricon Commodities Private Limited35.28%
Ram Chandra Agarwal5.17%
Akash Agarwal4.49%
Vishal Waterworld Pvt Ltd3.93%
V2 Conglomerate Limited1.73%
Ramchandra Agarwal HUF0.43%
Uma Agarwal0.39%
Shreya AgarwaL0.01%
Business done with them
FY2026 · 4 of the group
The company paid ₹8 cr to companies in the promoter group last year — about 0.3% of its ₹3,067 cr revenue and received ₹27 cr back from them.
RICON COMMODITIES PVT.LTD.
Other income from them · As per the Financials
also owns 35.28% of the company
₹25 cr
company received
Ram Chandra Agarwal
Contribution made to them · Remuneration
also owns 5.17% of the company
₹5 cr
company paid
VISHAL WATERWORLD PRIVATE LIMITED
Contribution made to them · As per the Financials
also owns 3.93% of the company
₹2 cr
company paid
VISHAL WATERWORLD PRIVATE LIMITED
Other income from them · As per the Financials
also owns 3.93% of the company
₹2 cr
company received
VISHAL WATERWORLD PRIVATE LIMITED
Other payments to them · As per the Financials
also owns 3.93% of the company
₹1 cr
company paid
Ram Chandra Agarwal
Other income from them · Remuneration
also owns 5.17% of the company
₹1 cr
company received
Akash Agarwal
Other payments to them · Remuneration
also owns 4.49% of the company
₹60 L
company paid

The company also transacted with 3 other related parties — subsidiaries, joint ventures, directors and others — that we could not match by name to the promoter list above. Some may still be connected to the family; we only count the ones the filings let us match with certainty.

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.

How the stock has moved · adjusted for splits & bonuses
Data from primary exchange filings · analysis tool, not investment advice.