VMMConsumer Services

Vishal Mega Mart Limited

Diversified Retail · ISIN INE01EA01019 · BSE 544307 · NSE EQ · FV ₹10
Last price
₹101
+0.27%today
What this company does

Vishal Mega Mart Limited operates in Diversified Retail, part of the Consumer Services sector. It booked ₹3,727 cr of revenue in its latest quarter (Q1 FY27) and kept 6.9% of sales as profit. It is the 2nd largest of 9 Diversified Retail companies we track, by market value.

In the report:
68out of 100
Equitytale Health Score
Solid

Healthier than 68% of companies in Consumer Services, on the 5 of 6 measures we could read for it. Each measure is ranked against the 39–46 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)
38

At close. Not part of the score.

Profitability & returns62

How much profit it earns on the money it employs

Balance sheet79

How much it owes, and whether earnings cover the interest

Cash quality58

Whether reported profit actually arrives as cash

Valuation54

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 19% vs last year
Profit up 26% vs last year
Promoters hold 40%
No promoter shares pledged
Virtually debt-free
Turns profit into real cash
Watch-outs
! Thin 6.9% net margin

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 We do not publish price targets or predict returns.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
₹101 +0.27%
latest close · 2026-09-17
52-wk low ₹9942 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 ratio46.0High
LowAverageHigh
P/B ratio6.39High
Below bookModerateHigh
EV / EBITDA20.3High
LowAverageHigh
How good is the business?
How much profit it earns from its money and its sales.
Return on equity14.0%Fair
WeakFairStrong ▸15%
Return on capital17.7%Strong
WeakFairStrong
Net margin6.9%Decent
ThinDecentStrong
EBITDA margin15.5%Decent
ThinDecentHealthy
Is it financially safe?
How much it owes, and whether it can comfortably cover it.
Debt to equity0.00Comfortable
LowModerateHigh ▸1
Interest cover8.5×Strong
RiskyOkayStrong ▸5×
Current ratio1.60Healthy
Tight ◂1HealthyAmple
More figures
Market cap
₹47,344 cr
Book value
₹16
EPS
₹0.55
latest quarter
Net debt
₹-530 cr
more cash than debt
Enterprise value
₹46,814 cr
EBITDA
₹2,311 cr
annualised
EBIT
₹1,569 cr
annualised
Operating margin
10.5%
Return on assets
9.0%
Earnings yield
2.17%
P/S
3.18
Sales / share
₹31.9
Tax rate
25.2%
Face value
₹10
Shares
467.6 cr
Working capital
₹1,552 cr
Current assets
₹4,133 cr
Current liabilities
₹2,581 cr
Delivery %
50.3%
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 2025 report & filings
not investment advice
Hard to value confidentlyLow confidence
The market price is far above what these earnings- and book-based models support — a fast-growing or asset-light business can trade well above them for years, so we won't put a confident number on how overpriced it is.
Models span ₹13₹37, midpoint ₹25

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₹3,727 cr
Other Income₹33 cr
Total Income₹3,760 cr
Cost of Materials₹0 cr
Purchases of Stock-in-Trade₹2,531 cr
Inventory Change (±)₹127 cr
Employee Benefit Expense₹214 cr
Finance Costs₹46 cr
Depreciation & Amortisation₹185 cr
Other Expenses₹310 cr
Total Expenses₹3,414 cr
Profit before Tax₹346 cr
Tax Expense₹87 cr
Net Profit₹259 cr
Net margin on total income6.9%
Where the money goes · Q1 FY27
% of total income
Materials + stock-in-trade₹2,658 cr70.7%
Employee benefit expense₹214 cr5.7%
Finance costs₹46 cr1.2%
Depreciation & amortisation₹185 cr4.9%
Other expenses₹310 cr8.2%
Tax expense₹87 cr2.3%
Profit for the period₹259 cr6.9%
Total income ₹3,760 cradds up to ₹100 ✓
Quarterly results · consolidated (₹ cr)
MetricQ3 FY26Q4 FY26Q1 FY27
Revenue3,670 cr3,114 cr3,727 cr
Total income3,695 cr3,139 cr3,760 cr
Expenses3,276 cr2,913 cr3,414 cr
Profit before tax419 cr225 cr346 cr
Tax106 cr57 cr87 cr
Net profit (owners' share)313 cr168 cr259 cr
Net margin (owners' share, on revenue)8.5%5.4%6.9%
EPS (₹)0.670.360.55
YoY (latest quarter): total income +19.1% · net profit +25.6%
Balance sheet & cash flow · as of Mar 2026
Debt-free
Total assets
₹11,449 cr
Shareholder equity
₹7,413 cr
parent shareholders
Total debt
₹0 cr
Cash
₹530 cr
Cash flow · H1 FY26
Operating
₹796 cr
Investing
₹-686 cr
Financing
₹-192 cr
Peer comparison
Diversified Retail · by market value
CompanyPriceMarket capP/E
Avenue Supermarts Limited₹3,711₹2.42 L cr70.3
Vishal Mega Mart Limitedthis company₹101₹47,344 cr46.0
Electronics Mart India Limited₹185₹7,121 cr14.7
V-Mart Retail Limited₹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.
Who owns it · 2026-06-30
No pledge
Promoter
40.1%
FII / Foreign
20.4%
DII / Domestic
34.8%
Retail / others
4.7%
Promoter stake down 35.9% over the last 7 quarters.
Smart-money activity
Bulk / block deals
short · NSE17627 Aug 26
short · NSE1.65 L25 Aug 26
short · NSE2,66124 Aug 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.

Postal ballot · 17 Dec 2025
See the official result
1
TO APPOINT MR. VAGEESH GUPTA (DIN: 07837351), AS DIRECTOR (NON-EXECUTIVE, NON-INDEPENDENT)
Backed by 98% of shareholders other than promotersneeded 50%
161.91 cr votes for, 3.51 cr against · 2% of mutual funds and other big investors said no
2
TO APPOINT MR. YOGESH YADAV (DIN: 06788269) AS AN INDEPENDENT DIRECTOR
Backed by 100% of shareholders other than promotersneeded 75%
164.76 cr votes for, 66.00 L 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 — 10 named members
owning 40.1% between them · as of 2026-06-30
Samayat Services LLP40.09%
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 40.09% 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.