VMARTConsumer Services

V-Mart Retail Limited

Diversified Retail · ISIN INE665J01013 · BSE 534976 · NSE EQ · FV ₹10
Last price
₹790
+0.46%today
What this company does

V-Mart Retail Limited operates in Diversified Retail, part of the Consumer Services sector. It booked ₹1,089 cr of revenue in its latest quarter (Q1 FY27) and kept 4.3% of sales as profit. It is the 4th largest of 9 Diversified Retail companies we track, by market value.

V-Mart in a Nutshell V-Mart Retail has been a leader in organised value fashion retailing, serving millions of customers since 2002. More than just a chain of retail stores, it has evolved into a lifestyle brand offering fashion apparel, footwear, home furnishings, and general 2,78,560 merchandise for the entire family at honest prices.
In the report:
63out of 100
Equitytale Health Score
Mixed

Healthier than 63% of companies in Consumer Services, on all six measures of filed financials. Each measure is ranked against the 25–46 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)
41

At close. Not part of the score.

Profitability & returns66

How much profit it earns on the money it employs

Balance sheet47

How much it owes, and whether earnings cover the interest

Cash quality72

Whether reported profit actually arrives as cash

Growth & consistency42

Whether sales and profit have grown, and how steadily

Valuation64

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

Governance & risk100

How much of the promoters' stake is pledged, and how much they hold · highest in its sector on what we could measure

Is this company doing well?
not investment advice
Strengths
Makes a profit
Sales up 23% vs last year
Profit up 41% vs last year
Promoters hold 44%
No promoter shares pledged
Strong 20% return on equity
Turns profit into real cash
Watch-outs
! Thin 4.3% net margin

What if I invest in VMART?

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 14% a year, it would become
₹24.93 lakh

The slider starts at 14%, taken from this company's own free-cash-flow trend. That is history, not a forecast — 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 We do not publish price targets or predict returns.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
₹790 +0.46%
latest close · 2026-09-17
1-year return
-10.7%
52-wk low ₹60252-wk high ₹1,212
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 ratio33.3High
LowAverageHigh
P/B ratio6.61High
Below bookModerateHigh
EV / EBITDA9.7Average
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity19.9%Strong
WeakFairStrong ▸15%
Return on capital20.0%Strong
WeakFairStrong
Net margin4.3%Thin
ThinDecentStrong
EBITDA margin15.0%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.11Comfortable
LowModerateHigh ▸1
Interest cover4.0×Okay
RiskyOkayStrong ▸5×
Current ratio1.04Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹6,285 cr
Book value
₹120
EPS
₹5.94
latest quarter
Net debt
₹80 cr
owes more than its cash
Enterprise value
₹6,365 cr
EBITDA
₹653 cr
annualised
EBIT
₹317 cr
annualised
Operating margin
7.3%
Return on assets
6.8%
Earnings yield
3.01%
P/S
1.44
Sales / share
₹547.5
Tax rate
20.7%
Face value
₹10
Shares
8.0 cr
Working capital
₹44 cr
Current assets
₹1,240 cr
Current liabilities
₹1,196 cr
Delivery %
50.5%
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 2024 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 ₹27₹63, midpoint ₹45

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₹1,089 cr
Other Income₹3 cr
Total Income₹1,091 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹620 cr
Inventory Change (±)₹94 cr
Employee Benefit Expense₹111 cr
Finance Costs₹20 cr
Depreciation & Amortisation₹84 cr
Other Expenses₹103 cr
Total Expenses₹1,032 cr
Profit before Tax₹60 cr
Tax Expense₹12 cr
Net Profit₹47 cr
Net margin on total income4.3%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹714 cr65.4%
Employee benefit expense₹111 cr10.2%
Finance costs₹20 cr1.8%
Depreciation & amortisation₹84 cr7.7%
Other expenses₹103 cr9.5%
Tax expense₹12 cr1.1%
Profit for the period₹47 cr4.3%
Total income ₹1,091 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue1,126 cr971 cr1,089 cr
Total income1,130 cr976 cr1,091 cr
Expenses1,015 cr964 cr1,032 cr
Profit before tax113 cr13 cr60 cr
Tax25 cr1 cr12 cr
Net profit (owners' share)88 cr11 cr47 cr
Net margin (owners' share, on revenue)7.8%1.2%4.3%
EPS (₹)11.081.495.94
YoY (latest quarter): total income +22.9% · net profit +40.5%
Balance sheet & cash flow · as of Mar 2026
Low debt
Total assets
₹2,780 cr
Shareholder equity
₹951 cr
parent shareholders
Total debt
₹100 cr
Cash
₹20 cr
Cash flow · H1 FY26
Operating
₹233 cr
Investing
₹-60 cr
Financing
₹-189 cr
Peer comparison
Diversified Retail · by market value
CompanyPriceMarket capP/E
Avenue Supermarts Limited₹3,711₹2.42 L cr70.3
Vishal Mega Mart Limited₹101₹47,344 cr46.0
Electronics Mart India Limited₹185₹7,121 cr14.7
V-Mart Retail Limitedthis company₹790₹6,285 cr33.3
Shoppers Stop Limited₹413₹4,551 cr
Patel Retail Limited₹203₹677 cr17.8
Spencer's Retail Limited₹28₹254 cr
Future Enterprises Limited₹2₹97 cr
Future Lifestyle Fashions Limited₹1₹22 cr
Same industry · latest reported numbers · not a recommendation.
Corporate actions
Dividend yield
0.13%
trailing 12 months
Dividend / share (TTM)
₹1
Last dividend
₹1
ex 17 Jul 2026
ActionDetailEx-date
Dividend₹1 / share17 Jul 2026
Bonus issue1:323 Jun 2025
Dividend₹0.75 / share18 Aug 2022
Dividend₹1.7 / share24 Jul 2019
Dividend₹2 / share20 Jun 2018
Dividend₹1.25 / share8 Sep 2017
Who owns it · 2026-06-30
No pledge
Promoter
44.1%
FII / Foreign
16.5%
DII / Domestic
30.9%
Retail / others
8.5%
Promoter stake down 0.2% over the last 12 quarters.
Smart-money activity
Insider trades
BoughtMr Lalit Agarwal · Director69,120 · ₹3.5 cr20 Mar 26
BoughtMr Madan Gopal Agarwal · Promoters41.68 L27 Jun 25
SoldMr Lalit Agarwal · Promoters41.68 L27 Jun 25
Bulk / block deals
short · NSE97 Apr 26
BoughtQE SECURITIES LLP · NSE7.15 L @ ₹628.727 Apr 26
SoldQE SECURITIES LLP · NSE7.15 L @ ₹630.547 Apr 26
Stake changes
BoughtLalit Agarwal · promoter→ 71.00% · 1.97 cr10 Dec 25
BoughtBandhan Mutual Fund (Formerly IDFC Mutual Fund)→ 5.01% · 22,22111 Jul 25
SoldMadan Gopal Agarwal HUF · promoter→ 0.00% · 1.97 cr27 Jun 25
Promoter pledges
ReleasedMotilal Oswal Financial Services Ltd25,000 · 0.14% held15 Oct 20
PledgedMotilal Oswal Financial Services Ltd25,000 · 0.00% held21 Sep 20
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.

Yearly shareholder meeting · 29 Jul 2025
See the official result
1
TO RECEIVE, CONSIDER, AND ADOPT THE AUDITED FINANCIAL STATEMENTS OF THE COMPANY FOR THE FINANCIAL YEAR ENDED MARCH 31, 2025, ALONG WITH THE REPORTS OF THE AUDITORS AND THE BOARD OF DIRECTORS THEREON.
Backed by 100% of shareholders other than promotersneeded 50%
3.58 cr votes for, 35 against · 0% of mutual funds and other big investors said no
2
APPOINTMENT OF MR. LALIT AGARWAL (DIN: 00900900) AS DIRECTOR, LIABLE TO RETIRE BY ROTATION
Backed by 100% of shareholders other than promotersneeded 50%
3.56 cr votes for, 1.51 L against · 0% of mutual funds and other big investors said no
3
REVISION IN REMUNERATION OF MR. VARIN AGGARWAL WHO IS HOLDING AN OFFICE OR PLACE OF PROFIT IN THE COMPANY
Promoters had a personal stake in this
Backed by 88% of shareholders other than promotersneeded 50%
3.14 cr votes for, 44.29 L against · 13% of mutual funds and other big investors said no
4
APPROVAL FOR THE PAYMENT OF COMMISSIONS TO NON-EXECUTIVE DIRECTORS OF THE COMPANY
Backed by 100% of shareholders other than promotersneeded 50%
3.58 cr votes for, 35 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 — 36 named members
owning 44.2% between them · as of 2026-06-30
CONQUEST BUSINESS SERVICES PVT LTD37.67%
Madan Gopal Agarwal5.24%
Lalit Agarwal1.25%
ASHOK KUMAR AGARWALno shares
BANWARILAL JATIAno shares
DITYA AGARWALno shares
GOPAL AGARWALno shares
LAKSHIT AGARWALno shares

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.