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V-Mart Retail Ltd
(VMART)
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Rating:70Outperform
Price Target:
₹879.00
▲(21.07% Upside)
Action:Upgraded
Date:08/09/26
The score is driven primarily by improving financial performance with strong recent cash generation, tempered by margin volatility and still-elevated leverage. Technicals are supportive with price above key moving averages and positive MACD, though near-term overbought signals add caution. Valuation is a major positive due to the very low P/E, partially offset by a low dividend yield.
Positive Factors
Revenue and Profit Recovery
The return to positive earnings alongside renewed sales growth indicates improving operating execution and customer demand. Sustaining this recovery would strengthen internal funding capacity and provide a more stable base for store expansion and merchandising investments.
Negative Factors
Margin Volatility
Gross margin compression can limit the benefit of revenue growth, especially in value-fashion retail where customers are price sensitive. Persistent volatility would make earnings less predictable and could constrain reinvestment, store economics and the pace of expansion.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Profit Recovery
The return to positive earnings alongside renewed sales growth indicates improving operating execution and customer demand. Sustaining this recovery would strengthen internal funding capacity and provide a more stable base for store expansion and merchandising investments.
Read all positive factors
V-Mart Retail Ltd (VMART) vs. iShares MSCI India ETF (INDA)
Market Cap
₹66.16B
Dividend Yield0.12%
Average Volume (3M)15.95K
Price to Earnings (P/E)5.0
Beta (1Y)0.89
Revenue Growth19.09%
EPS Growth104.43%
CountryIN
Employees11,691
SectorGeneral
Sector StrengthN/A
IndustryDepartment Stores
Share Statistics
EPS (TTM)164.90
Shares Outstanding79,575,390
10 Day Avg. Volume30,311
30 Day Avg. Volume15,952
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)0.05
Price to Sales (P/S)0.01
P/FCF Ratio0.16
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)19.77
Revenue Forecast (FY)₹44.89B
V-Mart Retail Ltd Business Overview & Revenue Model
Company Description
V-Mart Retail Limited manages an expansive network of budget-friendly department stores across India. These retail locations present a broad array of items, including clothing, footwear, and fashion accessories for all ages – men, women, children,...
How the Company Makes Money
V-Mart primarily makes money by selling merchandise through its retail stores, with revenue recognized from the sale of goods to end customers. Its key revenue streams are (1) apparel sales, which generally form the core of a value-fashion retaile...
V-Mart Retail Ltd Financial Statement Overview
Summary
Income Statement
62
Positive
Balance Sheet
54
Neutral
Cash Flow
66
Positive
| Breakdown | TTM | Mar 2026 | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 39.93B | 37.89B | 32.54B | 27.81B | 24.65B | 16.66B |
| Gross Profit | 10.06B | 6.11B | 11.24B | 9.38B | 3.18B | 5.54B |
| EBITDA | 5.56B | 5.27B | 3.77B | 2.34B | 2.84B | 2.18B |
| Net Income | 1.38B | 1.24B | 457.70M | -967.60M | -78.49M | 116.41M |
Balance Sheet | ||||||
| Total Assets | 26.98B | 27.80B | 24.36B | 28.45B | 27.43B | 20.99B |
| Cash, Cash Equivalents and Short-Term Investments | 238.00M | 379.10M | 444.70M | 488.50M | 286.90M | 1.54B |
| Total Debt | 8.60B | 9.58B | 7.83B | 13.91B | 13.32B | 9.02B |
| Total Liabilities | 16.95B | 18.29B | 16.26B | 20.98B | 18.94B | 12.50B |
| Stockholders Equity | 10.03B | 9.51B | 8.10B | 7.47B | 8.49B | 8.50B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 3.13B | 2.26B | 2.65B | -975.69M | -1.62B |
| Operating Cash Flow | 68.00M | 4.73B | 3.49B | 3.86B | 1.81B | -112.52M |
| Investing Cash Flow | -173.20M | -1.74B | -1.22B | -1.18B | -1.59B | 1.24B |
| Financing Cash Flow | 67.60M | -3.19B | -2.15B | -2.59B | -373.60M | -1.04B |
V-Mart Retail Ltd Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
73 Outperform | ₹20.24B | 20.92 | ― | 0.62% | 16.08% | 24.68% | |
70 Outperform | ₹66.16B | 4.99 | ― | 0.12% | 19.09% | 104.43% | |
58 Neutral | ₹498.00B | 55.57 | ― | ― | 19.83% | 26.74% | |
55 Neutral | $6.65B | 3.83 | -15.92% | 6.20% | 10.91% | 7.18% | |
54 Neutral | ₹59.68B | 49.78 | ― | 0.36% | 13.94% | ― | |
53 Neutral | ₹42.17B | -120.95 | ― | 0.16% | 9.62% | -293.21% | |
42 Neutral | ₹64.35B | -8.28 | ― | ― | -27.21% | -53.22% |
* General Sector Average
IN:VMART
V-Mart Retail Ltd
831.35
89.44
12.06%
IN:ABFRL
Aditya Birla Fashion and Retail Limited
52.93
-35.96
-40.45%
IN:ARVINDFASN
Arvind Fashions Ltd.
446.45
-99.64
-18.25%
IN:CANTABIL
Cantabil Retail India Limited
242.00
-11.05
-4.37%
IN:SHOPERSTOP
Shoppers Stop Limited
382.65
-165.75
-30.22%
IN:VMM
Vishal Mega Mart Ltd.
106.30
-45.30
-29.88%
V-Mart Retail Ltd Corporate Events
V-Mart Sets July 30 Virtual AGM, Proposes Dividend and Director Reappointment
Jul 2, 2026
V-Mart Retail Limited, a value-focused fashion and lifestyle retailer serving mass-market consumers in India’s emerging urban centers, operates a network of stores aimed at offering affordable apparel and related products. As a listed entity...
V-Mart Closes Trading Window Ahead of Q1 FY2026-27 Results
Jun 24, 2026
V-Mart Retail Ltd has announced that its trading window for dealing in company shares will be closed from 1 July 2026 until 48 hours after the declaration of its first-quarter financial results for the period ending 30 June 2026. This measure, tak...
V-Mart Publishes AGM and E-Voting Notice, Alerts Exchanges
Jun 24, 2026
V-Mart Retail Ltd has notified the stock exchanges that it has published newspaper notices for its 24th Annual General Meeting, along with details on e-voting and the record date, in the Business Standard English and Hindi editions. The company ha...
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.