Vmart Retail Ltd
NSE: VMART · Diversified Retail · sector
₹775.00NSE close 2026-10-26
Key numbers
Market cap₹6,165 cr
Price₹775.00
52w high / low₹882 / ₹458
P/E44.6xSector median 29.1x
P/B6.5xSector median 3.7x
Book value₹119.6
Dividend yield–
ROE15.6%Sector median 12.7%
ROCE23.6%Sector median 15.9%
OPM13.7%Sector median 6.5%
Debt / equity0.11xSector median 0.14x
EV/EBITDA11.4xSector median 11.7x
Interest cover3.2x
Current ratio1.04x
Sales growth 3y+15.4%Sector median +9.7%
Profit growth 3y–Sector median +1.6%
PEG0.42x
Last 12 months to Jun 2026, Standalone. "Sector median" = middle value of 13 companies in Diversified Retail (P/E median leaves out loss-making companies). Tap ? for what a number means.
Things to know
- Cash ₹38 cr vs borrowings ₹100 cr (FY26): borrowings are higher by ₹62 cr.
- Operating profit covered interest 3.2x in the last 12 months.
- No promoter shares are pledged.
- Operating cash flow was below net profit in 1 of the last 5 years (FY22).
- Net loss in 2 of the last 8 quarters.
- Revenue was higher than a year earlier in 4 of the last 4 quarters.
- Other income was 11% of net profit in the last 12 months.
- Dividend paid in 1 of the last 5 financial years.
- Price ₹775.00 on 2026-10-26: -12.1% from the 52-week high, +69.3% from the 52-week low.
Plain facts from the filings, built by the same fixed rules for every company. A line appears only when the data for it is available. Not a view on the stock.
Charts
Weekly close · high ₹4,466.90 · low ₹483.20
RevenueNet profit
RevenueNet profit
Quarterly results
| ₹ cr | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 661 | 1,027 | 780 | 885 | 807 | 1,126 | 971 | 1,089 |
| EBITDA | 39 | 171 | 92 | 126 | 72 | 207 | 107 | 161 |
| OPM % | 5.8% | 16.7% | 11.8% | 14.3% | 8.9% | 18.4% | 11.0% | 14.8% |
| Other income | 2 | 3 | 2 | 3 | 3 | 4 | 5 | 3 |
| Net profit | -57 | 72 | 19 | 34 | -9 | 88 | 11 | 47 |
| EPS (₹) | -7.14 | 9.04 | 2.34 | 4.23 | -1.12 | 11.08 | 1.49 | 5.94 |
| Revenue YoY | +22.1% | +9.7% | +24.5% | +23.0% | ||||
| Profit YoY | – | +22.8% | -39.1% | +40.5% |
Standalone figures where filed. Latest quarter Jun 2026.
Profit & loss (yearly)
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 | TTM |
|---|---|---|---|---|---|---|
| Revenue | 1,666 | 2,465 | 2,786 | 3,254 | 3,789 | 3,993 |
| EBITDA | 204 | 269 | 213 | 401 | 512 | 547 |
| Net profit | 12 | -8 | -97 | 46 | 124 | 138 |
| EPS (₹) | 1.48 | -0.99 | -12.23 | 5.78 | 11.79 | 17.39 |
| Revenue growth | +47.9% | +13.0% | +16.8% | +16.5% | +19.1% | |
| Profit growth | -167.4% | – | – | +170.9% | +104.7% | |
| Dividend / share (₹) | – | 0.75 | – | – | – |
| Compounded growth | 3 years | 5 years | Last 12 months |
|---|---|---|---|
| Sales | +15.4% | +28.6% | +19.1% |
| Net profit | – | – | +104.7% |
| EPS | – | – | – |
| Share price | – | -15.1% (2y) | -11.1% |
Balance sheet
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Shareholders' equity | – | 849 | 747 | 810 | 951 |
| Borrowings | – | 148 | 110 | 149 | 100 |
| Cash & equivalents | – | 29 | 32 | 44 | 38 |
| Total assets | – | 2,743 | 2,845 | 2,436 | 2,780 |
| Fixed assets | – | 319 | 490 | 527 | 584 |
| Capital work in progress | – | 109 | 4 | 4 | 8 |
| Investments | – | 0 | 0 | 0 | 0 |
| Receivables | – | 0 | 0 | 0 | 0 |
| Inventory | – | 871 | 816 | 987 | 988 |
| Payables | – | 488 | 634 | 762 | 491 |
Year-end figures from the March annual filing.
Cash flow
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| Cash from operations | -11 | 181 | 386 | 349 | 501 |
| Cash from investing | 124 | -159 | -118 | -122 | -174 |
| Cash from financing | -104 | -37 | -259 | -215 | -346 |
| Capex | 151 | 278 | 123 | 124 | 160 |
| Free cash flow | -162 | -98 | 263 | 226 | 341 |
Free cash flow = cash from operations − capex.
Ratios by year
| ₹ cr | FY22 | FY23 | FY24 | FY25 | FY26 |
|---|---|---|---|---|---|
| ROE % | – | -0.9% | -13.0% | 5.6% | 13.0% |
| ROCE % | – | 10.4% | 1.4% | 18.8% | 21.9% |
| Debtor days | – | 0 | 0 | 0 | 0 |
| Inventory days | – | 199 | 163 | 169 | 145 |
| Payable days | – | 112 | 127 | 131 | 72 |
| Cash conversion cycle (days) | – | 87 | 36 | 38 | 73 |
| Working capital days | – | 42 | 19 | 6 | 4 |
Shareholding
| Holder | % (2026-09-30) |
|---|---|
| Promoters | 44.14% |
| FIIs | 16.40% |
| DIIs | 30.64% |
| of which Mutual funds | 30.12% |
| of which Insurance | 0.06% |
| Public (non-institutions) | 8.82% |
| Quarter | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | Sep 2026 |
|---|---|---|---|---|---|---|---|---|
| Promoters % | 44.29% | 44.28% | 44.19% | 44.18% | 44.15% | 44.20% | 44.15% | 44.14% |
| Promoter group | % |
|---|---|
| Conquest Business Services PVT Ltd | 37.65% |
| Madan Gopal Agarwal | 5.24% |
| Lalit Agarwal | 1.24% |
| Madan Gopal Agarwal HUF | 0.00% |
| Lalit M Agarwal HUF | 0.00% |
| UMA Devi Agarwal | 0.00% |
| Sunita Snehal Shah | 0.00% |
| Sangeeta Agarwal | 0.00% |
| Varin Agarwal | 0.00% |
| Muralidhar Agarwal | 0.00% |
| Sajan Kumar Agarwal | 0.00% |
| Ashok Kumar Agarwal | 0.00% |
| Pawan Kumar Agarwal | 0.00% |
| Gopal Agarwal | 0.00% |
| Neelam Jajodia | 0.00% |
| Public holders above 1% | % |
|---|---|
| Amansa Holdings Private Limited | 7.77% |
| SBI Multi Asset Allocation Fund | 5.38% |
| Bandhan Flexi CAP Fund | 5.07% |
| Kotak Small CAP Fund | 4.47% |
| Motilal Oswal Nifty Microcap 250 Index Fund | 3.07% |
| Canara Robeco Mutual Fund A/C Canara Robeco Conser | 2.51% |
| Templeton India Value Fund | 2.45% |
| ICICI Prudential Aggressive Hybrid Fund | 2.18% |
| Edelweiss Trusteeship Co Ltd AC- Edelweiss MF AC-E | 1.70% |
| Invesco India Contra Fund | 1.55% |
| Uti-india Consumer Fund | 1.06% |
28,314 shareholders. Pledged: 0.00% of promoter shares.
Peers in Diversified Retail
| Company | Market cap | P/E | P/B | ROE | ROCE | OPM | Sales 3y | Div yield |
|---|---|---|---|---|---|---|---|---|
| DMART | ₹2,05,459 cr | 65.8x | 7.9x | 12.7% | 14.8% | 7.5% | +17.1% | – |
| VMM | ₹41,554 cr | 46.2x | 5.3x | 12.1% | 17.5% | 14.3% | – | – |
| VMART | ₹6,165 cr | 44.6x | 6.5x | 15.6% | 23.6% | 13.7% | +15.4% | – |
| EMIL | ₹6,010 cr | 29.1x | 3.7x | 13.1% | 17.1% | 7.4% | +9.7% | – |
| SHOPERSTOP | ₹3,678 cr | – | 13.0x | -3.9% | 47.6% | 14.5% | +7.8% | – |
| PATELRMART | ₹778 cr | 17.9x | 2.1x | 11.4% | 13.7% | 6.5% | – | – |
| SPENCERS | ₹147 cr | – | – | – | -22.7% | 0.2% | -9.8% | – |
| FELDVR | ₹98 cr | – | – | – | -29.8% | -71.3% | – | – |
| CITYSQUARE | ₹52 cr | 16.3x | 2.0x | 19.1% | 32.1% | 14.4% | – | – |
| RETAIL | ₹19 cr | – | 0.7x | -0.3% | 2.2% | -16.1% | – | – |
Business segments (FY26)
| Segment | Revenue | Share | EBIT | Margin |
|---|---|---|---|---|
| Retail trade | ₹3,765 cr | 99.0% | ₹190 cr | 5.0% |
| Digital marketplace | ₹37 cr | 1.0% | ₹-14 cr | -38.6% |
Dividends & corporate actions
| Ex-date | Action | Detail |
|---|---|---|
| 2026-07-17 | Dividend | Dividend - Re 1 Per Share |
| 2025-06-23 | Bonus | Bonus 3:1 |
| 2024-07-24 | Other | Annual General Meeting |
| 2023-09-08 | Other | Annual General Meeting |
| 2022-08-18 | Dividend | Dividend - Rs 0.75 Per Share |
| 2022-08-18 | Other | Annual General Meeting |
| 2021-08-17 | Other | Annual General Meeting |
| 2020-09-22 | Other | Annual General Meeting |
| 2019-07-24 | Dividend | Annual General Meeting/Dividend - Rs 1.70 Per Share |
| 2018-06-20 | Dividend | Annual General Meeting/Dividend- Rs 2 Per Share |
| 2017-09-08 | Dividend | Annual General Meeting/Dividend - Re 1.25 Per Share |
| 2016-09-20 | Dividend | Annual General Meeting/ Dividend - Re 0.10/- Per Share |
| 2016-03-28 | Dividend | Interim Dividend - Rs 1.15/- Per Share (Purpose Revised) |
| 2015-09-21 | Dividend | Annual General Meeting/ Dividend - Rs 1.50/- Per Share |
| 2014-09-17 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
| 2013-09-23 | Dividend | Annual General Meeting / Dividend - Re 1/- Per Share |
Documents
- Annual report FY26
- Annual report FY25
- Annual report FY24
- Annual report FY23
- Annual report FY22
- Announcements NSE filings
- BRSR FY26
- Latest results (data file) XBRL
- Announcements BSE filings
Links go to the original files on the exchange website.
About the company
- Retail Trade: Apparel
- Retail Trade: Non-Apparel
- Retail Trade: Retail Trading of FMCG
| Sector | Consumer Discretionary |
| Industry | Diversified Retail |
| Sub-industry | Diversified Retail |
| Symbol | VMART |
| BSE code | 534976 |
| ISIN | INE665J01013 |
| Face value | ₹10.0 |
| Incorporated | 2002-07-24 |
| Website | www.vmart.co.in |
| Plants (India / abroad) | 577 / 0 |
From the company's filings (BRSR FY26).
Data built 2026-10-22 from NSE company filings (XBRL: Integrated Filing - Financials + financial results), NSE shareholding & pledge data; price = NSE close 2026-10-26.