1. India Stocks

  2. •

    Consumer Cyclical

  3. •

    Department Stores
V-Mart Retail Limited

V-Mart Retail Limited

VMART.BO
V-Mart Retail LimitedIN flagBombay Stock Exchange
799.10
INR
+1.65
- -
63.59BMarket Cap
V-Mart Retail Limited
VMART.BO
(Bombay Stock Exchange)

Recent

price

799.10

P/E

ratio

- -

div

yld

- -

ROIC.AI

2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
2026
TTM
FRC
35.15
49.14
65.68
84.9
112.1
138.45
168.69
197.56
228.84
145.85
210.26
310.86
351.56
410.91
476.9
483.11
Revenue per Share
1.87
3.09
3.5
5.19
3.83
6.07
10.74
8.5
6.8
-0.84
1.48
-0.99
-12.23
5.78
15.61
15.81
Basic EPS, GAAP
0.58
-2.12
-3.1
0.89
2.78
7.49
7.97
10.53
-29.34
14.7
-20.58
-12.31
33.23
28.2
42.28
- -
Free Cash Flow per Basic Share
0.05
0.05
0.25
0.25
0.66
0.03
0.31
0.5
0.43
- -
- -
0.19
- -
- -
- -
- -
Dividend per Share
5.7
10.09
11.33
16.04
18.63
24.67
35.04
42.84
49.05
47.07
45.16
43.98
31.81
37.2
10
10.13
Book Value per Share
9.67
25.23
23.57
28.28
30.9
36.98
47.52
56
62.7
111.7
107.26
99.53
87.95
97.11
115.66
117.17
Tangible Book Value per Share
56
58
72
72
72
72
72
72
73
74
79
79
79
79
79
78
Basic Weighted Avg Shares
1,961
2,867
4,718
6,107
8,093
10,006
12,210
14,322
16,616
10,739
16,592
24,578
27,808
32,539
37,894
37,894
Sales/Revenue/Turnover
11.59
11.04
9.18
10.07
5.37
7.03
9.44
7.74
7.6
3.1
4.84
4.11
0.26
4.43
5.71
5.71
Operating Margin (%)
58
76
109
46
190
179
222
268
939
1,030
1,307
1,800
2,221
2,330
2,970
2,970
Depreciation Expense
105
180
252
374
276
439
777
616
493
-62
116
-78
-968
458
1,240
1,240
Net Income, GAAP
33.57
32.33
33.49
32.47
34.69
34.3
30.91
38.26
29.03
- -
- -
- -
- -
- -
19.89
19.89
Effective Tax Rate (%)
5.33
6.28
5.33
6.12
3.41
4.39
6.36
4.3
2.97
-0.58
0.7
-0.32
-3.48
1.41
3.27
3.27
Profit Margin (%)
156
806
724
921
956
1,286
1,730
2,101
1,968
6,187
5,023
2,844
1,426
577
437
437
Working Capital
22
20
2
15
33
43
45
60
4,378
5,308
8,429
11,077
11,935
4,410
6,135
6,135
LT Debt
542
1,477
1,702
2,049
2,258
2,700
3,474
4,093
4,589
8,252
8,496
8,490
7,470
8,102
9,511
9,511
Total Equity
- -
15.28
14.41
18.28
11.27
15.92
23.76
17.52
12.6
- -
- -
- -
- -
- -
9.89
9.89
Return on Invested Capital (%)
- -
24.91
25.17
29.41
18.95
24
32.93
21.61
14.79
- -
- -
- -
- -
- -
17.45
17.45
Return on Capital (%)
- -
39.69
35.86
37.98
22.12
28.08
35.98
21.85
14.8
-1.77
3.31
-2.23
-32.29
16.76
66.3
66.3
Return on Common Equity (%)

Capital Structure

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
ST Debt
3,230
- -
3,441
LT Borrowings
- -
- -
- -
LT Finance Leases
4,782
- -
6,135
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
79
- -
79
Market Capitalization
56,246
56,733
37,285

Working Capital

FRC

•

in mil. unless spec.
Sep'26
Dec'26
Mar'26
Total Current Assets
12,910
- -
12,398
Cash, Cash Equivalents & STI
700
- -
751
Accounts Receivable, Net
- -
- -
- -
Inventories
10,441
- -
9,875
Total Current Liabilities
12,844
- -
11,960
Payables & Accruals
- -
- -
- -
ST Debt
3,230
- -
3,441
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
17.47%
3.34%
17.39%
Free Cash Flow
-94.59%
-124.93%
50.43%
Net Income, GAAP
68.38%
140.23%
170.92%
Sales/Revenue/Turnover
19.29%
29.85%
16.46%
Total Cash Common Dividend
- -
- -
- -

Quarterly Revenue

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
6,785
5,494
8,890
6,638
27,808
2025
7,861
6,610
10,267
7,801
32,539
2026
8,852
8,069
11,264
9,709
37,894

Quarterly Earnings Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
-2.78
-8.11
3.57
- -
-12.23
2025
1.54
-7.14
9.04
2.34
5.78
2026
4.23
-1.12
11.08
1.49
15.61

Quarterly Dividends Per Share

FRC

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
- -
- -
- -
- -
2025
- -
- -
- -
- -
- -
2026
- -
- -
- -
- -
- -
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Business
V-Mart Retail Limited (VMART.BO) operates as a value retail chain in India, offering a wide range of fast-moving consumer goods, apparel, general merchandise, and household products targeted at price-sensitive consumers in smaller towns and rural areas. The company retails products across categories including women's ethnic wear, children's apparel, men's clothing, footwear, home furnishings, kitchenware, plastic products, toys, FMCG items such as packaged foods, personal care, and stationery; it emphasizes private labels and unbranded products sourced directly from manufacturers to maintain low prices. Founded in 2002 and headquartered in Ahmedabad, Gujarat, V-Mart conducts operations through over 380 stores across 16 states and union territories in India, with no significant international presence or subsidiaries noted. In recent developments, the company reported robust same-store sales growth and store expansion in fiscal 2025, launched new private label product lines in apparel and home essentials, and strengthened supply chain partnerships with local manufacturers amid rising rural consumption; additionally, it navigated inflationary pressures through cost optimization initiatives without major acquisitions, funding rounds, or leadership changes in the last 1-2 years.