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Patel Retail Limited
(PATELRMART)
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Rating:63Neutral
Price Target:
₹219.00
▲(9.17% Upside)
Action:Reiterated
Date:07/04/26
The score is primarily held back by weak cash conversion, with operating and free cash flow turning negative despite improved reported earnings. Offsetting that risk, the stock’s technical trend is strong (price above key moving averages with positive MACD), and valuation appears moderate based on the provided P/E.
Positive Factors
Revenue and earnings acceleration
The sharp 2026 revenue increase, together with materially higher EBIT and net income, indicates strong recent business expansion. If the company can retain customers and operationalize this larger base, the growth may support improved scale, earnings capacity, and competitive positioning over the next several quarters.
Negative Factors
Negative operating and free cash flow
The shift from positive operating and free cash flow in 2025 to deeply negative levels in 2026 signals that reported earnings are not currently translating into cash. Persistent cash deficits could increase funding needs, constrain reinvestment, and create execution pressure even while profitability appears improved.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and earnings acceleration
The sharp 2026 revenue increase, together with materially higher EBIT and net income, indicates strong recent business expansion. If the company can retain customers and operationalize this larger base, the growth may support improved scale, earnings capacity, and competitive positioning over the next several quarters.
Read all positive factors
Patel Retail Limited (PATELRMART) vs. iShares MSCI India ETF (INDA)
Market Cap
₹6.89B
Dividend YieldN/A
Average Volume (3M)6.23K
Price to Earnings (P/E)15.8
Beta (1Y)1.13
Revenue GrowthN/A
EPS GrowthN/A
CountryIN
Employees22
SectorGeneral
Sector StrengthN/A
IndustryDepartment Stores
Share Statistics
EPS (TTM)13.02
Shares Outstanding33,400,528
10 Day Avg. Volume2,801
30 Day Avg. Volume6,232
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)1.25
Price to Sales (P/S)0.43
P/FCF Ratio-4.13
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)N/A
Revenue Forecast (FY)N/A
Patel Retail Limited Business Overview & Revenue Model
Company Description
Patel Retail Limited is an Indian company primarily known for its chain of retail supermarkets across the country. Beyond its retail operations, the firm actively engages in manufacturing and distribution across multiple product categories. It off...
Patel Retail Limited Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
66
Positive
Cash Flow
34
Negative
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 11.75B | 10.48B | 8.13B | 8.03B | 10.08B | 7.66B |
| Gross Profit | 1.43B | 1.21B | 11.75M | 1.35B | 1.39B | 1.11B |
| EBITDA | 789.41M | 721.15M | 620.59M | 555.39M | 431.25M | 229.65M |
| Net Income | 416.41M | 390.49M | 2.96M | 225.33M | 163.80M | 114.84M |
Balance Sheet | ||||||
| Total Assets | 0.00 | 6.20B | 3.83B | 3.33B | 3.03B | 2.79B |
| Cash, Cash Equivalents and Short-Term Investments | 233.81M | 296.15M | 117.47M | 29.33M | 26.46M | 137.87M |
| Total Debt | 0.00 | 1.63B | 1.83B | 1.88B | 1.84B | 1.71B |
| Total Liabilities | -3.64B | 2.56B | 2.48B | 2.39B | 2.31B | 2.18B |
| Stockholders Equity | 3.64B | 3.64B | 1.35B | 944.03M | 718.69M | 615.17M |
Cash Flow | ||||||
| Free Cash Flow | -917.56M | -1.10B | 160.49M | 125.94M | -169.45M | 107.91M |
| Operating Cash Flow | -860.68M | -929.70M | 277.23M | 248.17M | -55.62M | 273.81M |
| Investing Cash Flow | -51.98M | -269.94M | -105.63M | -116.66M | -48.85M | -163.32M |
| Financing Cash Flow | 1.50B | 1.22B | -83.98M | -128.32M | -398.00K | -55.81M |
Patel Retail Limited Technical Analysis
Negative
200.60
Price Trends
220.14
Negative
214.41
Negative
203.04
Positive
Market Momentum
-5.03
Positive
40.04
Neutral
41.57
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:PATELRMART, the sentiment is Negative. The current price of 200.6 is below the 20-day moving average (MA) of 214.23, below the 50-day MA of 220.14, and below the 200-day MA of 203.04, indicating a neutral trend. The MACD of -5.03 indicates Positive momentum. The RSI at 40.04 is Neutral, neither overbought nor oversold. The STOCH value of 41.57 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:PATELRMART.
Patel Retail Limited Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
74 Outperform | ₹3.28B | 6.95 | ― | 1.25% | 22.29% | 213.36% | |
66 Neutral | ₹5.76B | 28.34 | ― | 0.24% | 13.22% | 387.47% | |
64 Neutral | ₹6.70B | 31.96 | ― | ― | 24.25% | 43.41% | |
63 Neutral | ₹6.89B | 15.84 | ― | ― | ― | ― | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
53 Neutral | ₹3.91B | 18.99 | ― | 0.26% | 15.39% | 27.60% | |
51 Neutral | ₹2.62B | 25.08 | ― | 0.16% | -13.44% | -0.73% |
* General Sector Average
IN:PATELRMART
Patel Retail Limited
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Patel Retail Limited Corporate Events
Patel Retail Expands ‘Indian Chaska’ Distribution Network to Madhya Pradesh
Aug 4, 2026
Patel Retail Limited has expanded the distribution network for its “Indian Chaska” brand beyond its existing presence in Maharashtra, Gujarat, Uttar Pradesh, Jharkhand, Uttarakhand, Delhi, Goa and Bihar. The company has now added Madhy...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.