VMART

V-Mart Retail Limited

Omni-channel retailer with V-Mart and Unlimited store formats and LimeRoad marketplace

Consumer Discretionary›Consumer Services›Retailing›Diversified Retail

vmart.co.in(opens the company website in a new tab)
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Key metrics

Price as of 2026-10-16

Stock price
₹790.65
Market cap
6,284 Cr
Stock P/E
45.7
P/B
6.61
Dividend yield
0.0%
ROE (FY26)
13.0%
ROCE (FY26)
21.9%
Operating margin (FY26)
5.7%
Debt / equity (FY26)
0.11
OCF / EBITDA (FY26)
97.5%
OCF / EBITDA (3Y)
112.0%

Full years shown; sign in free for the trailing twelve months. Learn about these metrics →

Price & valuation

Share price and valuation multiples (P/E, P/B and more) over time.

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Compare with peers

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What you need to know

V-Mart sells clothing and fashion items to mass-market shoppers through 591 stores in 335 Indian cities (June 2026), under the V-Mart and Unlimited formats, and also sells online.

Company snapshot

4thBy market cap

Ranked among 13 companies in Diversified Retail.

Segment mix

Reportable segments as of 2024-12-31 (Standalone). Revenue share = segment revenue ÷ total revenue.

Largest segment: 99.0% of revenue

SegmentRevenue shareRevenuePBTAssets
Digital Market Place
1.0%
11 Cr-9 Cr81 Cr
Retail Trade
99.0%
1,016 Cr86 Cr2,894 Cr

What we see

Positives
  • ✓112% of operating profit came in as cash over the last three years — profits are backed by real cash.
1 more signal from the filings.Sign in free to see them all

Statement tables · Standalone

Switches quarterly, P&L, balance sheet, and cash flow. Key metrics and ratios stay on consolidated when available.

Standalone only

Amounts in ₹ Cr · tap + to expand rows

Quarterly results

Quarterly · ₹ Cr · tap + rows to expand

MetricSept 2023Dec 2023Mar 2024Jun 2024Sept 2024Dec 2024Mar 2025Jun 2025Sept 2025Dec 2025Mar 2026Jun 2026
Sales549 Cr889 Cr669 Cr786 Cr661 Cr1,027 Cr780 Cr885 Cr807 Cr1,126 Cr971 Cr1,089 Cr
Operating expenses (approx.)549 Cr769 Cr628 Cr687 Cr622 Cr855 Cr712 Cr759 Cr735 Cr917 Cr865 Cr928 Cr
EBITDA0.67 Cr120 Cr40 Cr99 Cr39 Cr171 Cr68 Cr126 Cr72 Cr210 Cr106 Cr161 Cr
OPM %0.1%13.5%6.0%12.6%5.8%16.7%8.7%14.3%8.9%18.6%10.9%14.8%
Other income2 Cr13 Cr4 Cr5 Cr2 Cr3 Cr2 Cr3 Cr3 Cr4 Cr5 Cr3 Cr
Interest36 Cr38 Cr36 Cr37 Cr39 Cr42 Cr17 Cr18 Cr17 Cr21 Cr19 Cr20 Cr
Depreciation53 Cr58 Cr61 Cr57 Cr59 Cr63 Cr54 Cr68 Cr71 Cr78 Cr80 Cr84 Cr
Profit before tax-86 Cr37 Cr-52 Cr9 Cr-58 Cr70 Cr23 Cr43 Cr-14 Cr113 Cr13 Cr60 Cr
Tax %25.8%23.5%25.1%-30.3%2.6%-2.7%19.1%21.8%34.8%22.1%10.0%20.7%
Net profit-64 Cr28 Cr-39 Cr12 Cr-57 Cr72 Cr19 Cr34 Cr-9 Cr88 Cr11 Cr47 Cr
EPS (₹)₹-32.43₹14.28₹-19.68₹6.14₹-28.57₹36.18₹9.35₹4.23₹-1.12₹11.08₹1.49₹5.94

Profit & loss (annual)

Annual · last column is TTM · ₹ Cr · tap + to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,002 Cr1,222 Cr1,434 Cr1,662 Cr1,075 Cr1,666 Cr2,465 Cr2,786 Cr3,254 Cr3,789 CrSign in free for the trailing twelve months
Operating expenses (approx.)917 Cr1,090 Cr1,301 Cr1,448 Cr944 Cr1,462 Cr2,196 Cr2,573 Cr2,877 Cr3,276 CrSign in free for the trailing twelve months
EBITDA85 Cr133 Cr133 Cr214 Cr131 Cr204 Cr269 Cr213 Cr377 Cr513 CrSign in free for the trailing twelve months
OPM %8.5%10.9%9.3%12.9%12.2%12.3%10.9%7.6%11.6%13.6%Sign in free for the trailing twelve months
Other income4 Cr4 Cr6 Cr4 Cr21 Cr14 Cr15 Cr21 Cr12 Cr15 CrSign in free for the trailing twelve months
Interest4 Cr2 Cr2 Cr55 Cr59 Cr77 Cr117 Cr142 Cr136 Cr75 CrSign in free for the trailing twelve months
Depreciation19 Cr23 Cr28 Cr94 Cr103 Cr131 Cr180 Cr222 Cr233 Cr297 CrSign in free for the trailing twelve months
Profit before tax67 Cr112 Cr100 Cr70 Cr-10 Cr10 Cr-13 Cr-130 Cr44 Cr155 CrSign in free for the trailing twelve months
Tax %34.3%30.9%38.3%29.0%35.8%-12.0%39.7%25.9%-4.1%19.9%Sign in free for the trailing twelve months
Net profit44 Cr78 Cr62 Cr49 Cr-6 Cr12 Cr-8 Cr-97 Cr46 Cr124 CrSign in free for the trailing twelve months
EPS (₹)₹24.30₹42.94₹34.01₹27.18₹-3.37₹5.90₹-3.97₹-48.93₹23.12₹11.79Sign in free for the trailing twelve months
Dividend payout %—————0.0%——0.0%0.0%Sign in free for the trailing twelve months
Sign in free for the trailing twelve months

The latest four quarters added up, next to each full year

Balance sheet

Annual · ₹ Cr · tap + rows to expand

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity capital18 Cr18 Cr18 Cr18 Cr20 Cr20 Cr20 Cr20 Cr20 Cr79 Cr
Reserves252 Cr329 Cr391 Cr441 Cr806 Cr830 Cr829 Cr727 Cr790 Cr872 Cr
Borrowings35 Cr0.32 Cr0.03 Cr1 Cr——148 Cr110 Cr149 Cr100 Cr
Other liabilities185 Cr202 Cr223 Cr764 Cr801 Cr1,250 Cr1,746 Cr1,988 Cr1,477 Cr1,729 Cr
Total liabilities491 Cr550 Cr632 Cr1,224 Cr1,627 Cr2,099 Cr2,743 Cr2,845 Cr2,436 Cr2,780 Cr
Fixed assets (net)115 Cr141 Cr162 Cr663 Cr176 Cr279 Cr319 Cr490 Cr527 Cr584 Cr
CWIP1 Cr4 Cr4 Cr2 Cr2 Cr6 Cr109 Cr4 Cr4 Cr8 Cr
Investments72 Cr34 Cr61 Cr8 Cr319 Cr125 Cr9 Cr5 Cr5 Cr18 Cr
Loans & advances——0.06 Cr0.03 Cr0.54 Cr0.52 Cr0.43 Cr0.23 Cr0.28 Cr0.17 Cr
Inventories269 Cr307 Cr329 Cr478 Cr428 Cr668 Cr871 Cr816 Cr987 Cr988 Cr
Cash & bank3 Cr14 Cr12 Cr5 Cr24 Cr33 Cr18 Cr27 Cr39 Cr20 Cr
Other assets31 Cr50 Cr64 Cr67 Cr677 Cr987 Cr1,417 Cr1,503 Cr873 Cr1,162 Cr
Total assets491 Cr550 Cr632 Cr1,224 Cr1,627 Cr2,099 Cr2,743 Cr2,845 Cr2,436 Cr2,780 Cr

Cash flows

Annual · ₹ Cr · tap + rows to expand · last column includes FCF

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from operating activity69 Cr64 Cr76 Cr86 Cr149 Cr-11 Cr181 Cr386 Cr349 Cr501 Cr
Cash from investing-73 Cr-15 Cr-73 Cr0.51 Cr-419 Cr124 Cr-159 Cr-118 Cr-122 Cr-174 Cr
Cash from financing5 Cr-38 Cr-4 Cr-94 Cr287 Cr-104 Cr-37 Cr-259 Cr-215 Cr-346 Cr
Net cash flow0.82 Cr11 Cr-1 Cr-8 Cr17 Cr8 Cr-15 Cr9 Cr12 Cr-20 Cr
Free cash flow (OCF − Capex)27 Cr16 Cr36 Cr25 Cr108 Cr-162 Cr-98 Cr263 Cr226 Cr341 Cr

Ratios

MetricMar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %23.0%32.8%24.8%27.0%6.0%10.3%10.4%1.4%18.8%21.9%
ROE %16.3%22.4%15.1%10.8%-0.8%1.4%-0.9%-13.0%5.6%13.0%
Debtor days——00000000
Inventory days98918410514514612910711095
Days payable58503843656372838547
Cash conversion cycle40424662808356242548
OCF / EBITDA %81.1%48.5%57.4%40.4%113.8%-5.5%67.2%181.1%92.7%97.5%
OCF / EBITDA % (3 years)——59.7%47.3%65.3%40.8%52.7%80.9%106.6%112.0%
Debt / equity0.130.00090.00010.0023——0.170.150.180.11
Current ratio1.601.901.991.613.352.271.371.161.051.04
Net debt / EBITDA0.38-0.10-0.09-0.02-0.18-0.160.480.390.290.16