VMMConsumer Services

Vishal Mega Mart Limited

Diversified Retail · ISIN INE01EA01019 · BSE 544307 · NSE EQ · FV ₹10
Last price
₹91
+0.15%today
What this company does

Vishal Mega Mart Limited operates in Diversified Retail, part of the Consumer Services sector. It booked ₹3,399 cr of revenue in its latest quarter (Q2 FY27) and kept 4.6% of sales as profit. It is the 2nd largest of 9 Diversified Retail companies we track, by market value.

In the report:
55out of 100
Equitytale Health Score
Mixed

Healthier than 55% of companies in Consumer Services, on the 5 of 6 measures we could read for it. 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)
43

At close. Not part of the score.

Profitability & returns42

How much profit it earns on the money it employs

Balance sheet77

How much it owes, and whether earnings cover the interest

Cash quality58

Whether reported profit actually arrives as cash

Valuation17

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

Not measurable for this company: growth & consistency. Those pillars are left out of the score rather than counted as zero.

Is this company doing well?
not investment advice
Strengths
✓ Makes a profit
✓ Sales up 14% vs last year
✓ Promoters hold 40%
✓ No promoter shares pledged
✓ Virtually debt-free
✓ Turns profit into real cash
Watch-outs
! Thin 4.6% net margin
! Low 8.0% return on equity

What if I invest in VMM?

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 5% a year, it would become
₹15.50 lakh

The slider starts at 5%, taken from a generic assumption, not this company's history. 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 We do not publish price targets or predict returns.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
₹91▲ +0.15%
latest close · 2026-11-04
52-wk low ₹8474 sessions so far52-wk high ₹115
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 ratio66.8High
LowAverageHigh
P/B ratio5.39High
Below bookModerateHigh
EV / EBITDA23.5High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity8.0%Weak
WeakFairStrong ▸15%
Return on capital10.9%Fair
WeakFairStrong
Net margin4.6%Thin
ThinDecentStrong
EBITDA margin13.3%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover5.5×Strong
RiskyOkayStrong ▸5×
Current ratio1.61Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹42,557 cr
Book value
₹17
EPS
₹0.34
latest quarter
Net debt
₹-279 cr
more cash than debt
Enterprise value
₹42,278 cr
EBITDA
₹1,802 cr
annualised
EBIT
₹1,034 cr
annualised
Operating margin
7.6%
Return on assets
5.0%
Earnings yield
1.50%
P/S
3.13
Sales / share
₹29.0
Tax rate
25.3%
Face value
₹10
Shares
468.5 cr
Working capital
₹1,934 cr
Current assets
₹5,122 cr
Current liabilities
₹3,188 cr
Delivery %
46.2%
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 2026-11-04.

Worth vs price · from the FY 2025 report & filings
not investment advice
Looks overpricedMedium confidence
Median of 3 models ₹37 vs market price ₹91 — price is 148% above it
Safety cushion-147.7%(target ≥ +20%)
Models span ₹14–₹40, midpoint ₹37
Model ₹37
Price ₹91
Cheap sideExpensive side

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 · Q2 FY27 (consolidated)
Revenue from Operations₹3,399 cr
Other Income₹38 cr
Total Income₹3,437 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹2,873 cr
Inventory Change (±)₹-425 cr
Employee Benefit Expense₹223 cr
Finance Costs₹47 cr
Depreciation & Amortisation₹192 cr
Other Expenses₹315 cr
Total Expenses₹3,226 cr
Profit before Tax₹211 cr
Tax Expense₹53 cr
Net Profit₹158 cr
Net margin on total income4.6%
Where the money goes · Q2 FY27
% of total income
Materials + stock-in-trade₹2,448 cr71.2%
Employee benefit expense₹223 cr6.5%
Finance costs₹47 cr1.4%
Depreciation & amortisation₹192 cr5.6%
Other expenses₹315 cr9.2%
Tax expense₹53 cr1.6%
Profit for the period₹158 cr4.6%
Total income ₹3,437 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ4 FY26Q1 FY27Q2 FY27
Revenue3,114 cr3,727 cr3,399 cr
Total income3,139 cr3,760 cr3,437 cr
Expenses2,913 cr3,414 cr3,226 cr
Profit before tax225 cr346 cr211 cr
Tax57 cr87 cr53 cr
Net profit (owners' share)168 cr259 cr158 cr
Net margin (owners' share, on revenue)5.4%6.9%4.6%
EPS (₹)0.360.550.34
YoY (latest quarter): total income +14.5% · net profit +3.7%
Balance sheet & cash flow · as of Sep 2026
Debt-free
Total assets
₹12,642 cr
Shareholder equity
₹7,896 cr
parent shareholders
Total debt
₹0 cr
Cash
₹279 cr
Cash flow · H1 FY27
Operating
₹1,011 cr
Investing
₹-965 cr
Financing
₹-297 cr
Peer comparison
Diversified Retail · by market value
CompanyPriceMarket capP/E
Avenue Supermarts Limited₹3,359₹2.19 L cr73.7
Vishal Mega Mart Limitedthis company₹91₹42,491 cr66.7
Electronics Mart India Limited₹154₹5,916 cr12.2
V-Mart Retail Limited₹718₹5,711 cr—
Shoppers Stop Limited₹354₹3,904 cr316.3
Patel Retail Limited₹244₹814 cr21.4
Spencer's Retail Limited₹20₹184 cr—
Future Enterprises Limited₹2₹98 cr—
JHS Svendgaard Retail Ventures Limited₹27₹22 cr29.3
Same industry · latest reported numbers · not a recommendation.
Who owns it · 2026-09-30
No pledge
Promoter
40.0%
FII / Foreign
18.8%
DII / Domestic
36.5%
Retail / others
4.8%
Promoter stake down 36.0% over the last 8 quarters.
Smart-money activity
Bulk / block deals
short— · NSE10,90026 Oct 26
short— · NSE1,00022 Oct 26
short— · NSE1,10021 Oct 26
Stake changes
BoughtKotak Mahindra Mutual Fund→ 5.01% · 15.54 L1 Jul 26
SoldSamayat Services LLP · promoter→ 40.12% · 65.25 cr27 Feb 26
BoughtHDFC Mutual Fund→ 8.81% · 13.56 cr27 Feb 26
What shareholders were asked to approve
1 proposal passed only on promoter votes

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 · 18 Sep 2026
See the official result
1
To receive, consider and adopt the Audited Standalone & Consolidated Financial Statements of the Company for the financial year ended March 31, 2026, together with the Reports of the Board of Directors and Auditors thereon
Backed by 100% of shareholders other than promotersneeded 50%
244.34 cr votes for, 4,087 against · 0% of mutual funds and other big investors said no
2
To appoint a Director in place of Mr. Sanjeev Aga (DIN: 00022065), Non-Executive Non-Independent Director, who retires by rotation and being eligible, offers himself for re-appointment.
Backed by 100% of shareholders other than promotersneeded 50%
243.33 cr votes for, 1.05 cr against · 0% of mutual funds and other big investors said no
3
To approve continuation of Directorship of Mr. Sanjeev Aga (DIN: 00022065), Non-Executive Non-Independent Director of the Company upon attaining the age of 75 years
Backed by 100% of shareholders other than promotersneeded 75%
243.37 cr votes for, 1.01 cr against · 0% of mutual funds and other big investors said no
4
To approve the re-appointment of Ms. Neha Bansal (DIN: 02057007) as Non-Executive Independent Director of the Company
Backed by 97% of shareholders other than promotersneeded 75%
235.73 cr votes for, 8.46 cr against · 3% 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 — 10 named members
owning 40.0% between them · as of 2026-09-30
Samayat Services LLP40.02%
KEDAARA CAPITAL FUND II LLPno shares
Kedaara Capital II Limitedno shares
Kedaara Richvest Limitedno shares
Neurealm Private Limited (Erstwhile GAVS Technologies Private Limited)no shares
PG Kaziranga Limitedno shares
Rishanth Services LLPno shares
Rishay Services LLPno shares
Business done with them
FY2025 · 3 of the group
The company paid ₹92 cr to companies in the promoter group last year — about 0.9% of its ₹10,716 cr revenue.
Samayat Services LLP
Other payments to them · Description is mentioned along with relevent line item.
also owns 40.02% of the company
₹87 cr
company paid
Rishanth Services LLP
Other payments to them · Description is mentioned along with relevent line item.
₹4 cr
company paid
Rishay Services LLP
Other payments to them · Description is mentioned along with relevent line item.
₹89.9 L
company paid

The company also transacted with 5 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.