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Vishal Mega Mart Ltd.
(VMM)
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Rating:58Neutral
Price Target:
₹118.00
▲(9.26% Upside)
Action:Reiterated
Date:08/25/26
The score is supported by strong 2026 financial performance and improved cash generation with a reasonably levered balance sheet. Offsetting this, technical indicators point to a weak downtrend and the stock appears expensive on earnings (high P/E), with prior-year profitability and cash flow volatility adding consistency risk.
Positive Factors
Revenue and Earnings Growth
The sharp 2026 increase in sales and operating earnings indicates stronger scale and improved store economics. Sustained growth across a mass-market retail network could support reinvestment, purchasing leverage and broader customer reach over the next several quarters.
Negative Factors
Earnings Consistency Risk
The extreme year-to-year swing in profitability shows that strong reported earnings have not yet demonstrated consistent conversion across cycles. Such volatility can reflect sensitivity to costs, mix or execution and makes future earnings quality less predictable.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue and Earnings Growth
The sharp 2026 increase in sales and operating earnings indicates stronger scale and improved store economics. Sustained growth across a mass-market retail network could support reinvestment, purchasing leverage and broader customer reach over the next several quarters.
Read all positive factors
Vishal Mega Mart Ltd. (VMM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹498.00B
Dividend YieldN/A
Average Volume (3M)1.50M
Price to Earnings (P/E)55.6
Beta (1Y)1.07
Revenue Growth19.83%
EPS Growth26.74%
CountryIN
Employees21,913
SectorGeneral
Sector StrengthN/A
IndustryDepartment Stores
Share Statistics
EPS (TTM)0.58
Shares Outstanding4,684,808,600
10 Day Avg. Volume2,034,040
30 Day Avg. Volume1,502,702
Financial Highlights & Ratios
PEG Ratio<0.01
Price to Book (P/B)6.61
Price to Sales (P/S)3.80
P/FCF Ratio37.82
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)2.19
Revenue Forecast (FY)₹153.16B
Vishal Mega Mart Ltd. Business Overview & Revenue Model
Company Description
Vishal Mega Mart Limited, founded in 2018 and headquartered in Gurugram, India, operates in the wholesale, trading, and retail sectors, offering a diverse range of products. The company's extensive apparel collection caters to all ages and genders...
How the Company Makes Money
VMM primarily makes money through retail sales to customers in its stores. Its key revenue stream is the sale of merchandise across (i) apparel (often a major draw in value retail), (ii) general merchandise such as home/lifestyle and utility produ...
Vishal Mega Mart Ltd. Financial Statement Overview
Summary
Income Statement
74
Positive
Balance Sheet
78
Positive
Cash Flow
81
Very Positive
| Breakdown | TTM | Mar 2025 | Mar 2025 |
|---|---|---|---|
Income Statement | |||
| Total Revenue | 55.14B | 129.06B | 86.78B |
| Gross Profit | 15.11B | 36.68B | 9.78B |
| EBITDA | 7.90B | 19.70B | 15.89B |
| Net Income | 2.67B | 8.39B | 6.32B |
Balance Sheet | |||
| Total Assets | 110.64B | 114.49B | 99.93B |
| Cash, Cash Equivalents and Short-Term Investments | 13.66B | 17.38B | 8.08B |
| Total Debt | 18.71B | 19.88B | 17.29B |
| Total Liabilities | 41.66B | 40.36B | 35.92B |
| Stockholders Equity | 68.98B | 74.13B | 64.01B |
Cash Flow | |||
| Free Cash Flow | 9.17B | 12.96B | 116.07M |
| Operating Cash Flow | 12.03B | 16.21B | 146.91M |
| Investing Cash Flow | -6.75B | -9.88B | -72.17M |
| Financing Cash Flow | -4.08B | -5.00B | -4.79B |
Vishal Mega Mart Ltd. Technical Analysis
Negative
108.00
Price Trends
110.61
Negative
115.65
Negative
119.61
Negative
Market Momentum
-1.06
Positive
39.84
Neutral
11.03
Positive
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VMM, the sentiment is Negative. The current price of 108 is above the 20-day moving average (MA) of 107.02, below the 50-day MA of 110.61, and below the 200-day MA of 119.61, indicating a bearish trend. The MACD of -1.06 indicates Positive momentum. The RSI at 39.84 is Neutral, neither overbought nor oversold. The STOCH value of 11.03 is Positive, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Negative sentiment for IN:VMM.
Vishal Mega Mart Ltd. Peers Comparison
UnderperformOutperform
Sector (55)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
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% | |
52 Neutral | ₹42.17B | -120.95 | ― | 0.16% | 9.62% | -293.21% | |
42 Neutral | ₹64.35B | -8.28 | ― | ― | -27.21% | -53.22% | |
42 Neutral | ₹2.55B | -1.04 | ― | ― | -0.49% | 6.19% |
* General Sector Average
IN:VMM
Vishal Mega Mart Ltd.
103.80
-47.80
-31.53%
IN:ABFRL
Aditya Birla Fashion and Retail Limited
53.19
-35.70
-40.16%
IN:FEL
Future Enterprises Ltd
0.49
-0.13
-20.97%
IN:SHOPERSTOP
Shoppers Stop Limited
378.90
-169.50
-30.91%
IN:SPENCERS
Spencer's Retail Ltd.
28.85
-30.00
-50.98%
IN:VMART
V-Mart Retail Ltd
827.30
85.39
11.51%
Vishal Mega Mart Ltd. Corporate Events
Vishal Mega Mart boosts capital with ESOP share allotment
Aug 12, 2026
Vishal Mega Mart Limited has allotted 500,000 equity shares following the exercise of an equal number of stock options by an eligible employee of its subsidiary under the Vishal Mega Mart Employees Stock Options Plan 2019. The new shares, issued a...
Vishal Mega Mart Grants 100,000 Stock Options Under ESOP 2019
Jun 8, 2026
Vishal Mega Mart Ltd. has granted 100,000 stock options to an eligible employee under its Employees Stock Options Plan 2019 at an exercise price of Rs.118 per option, each convertible into one fully paid equity share of Rs.10 face value. The optio...
Vishal Mega Mart Reshuffles FMCG Leadership After Senior Executive Resigns
Jun 5, 2026
Vishal Mega Mart Limited announced a change in its senior management, with Chief BM Officer – FMCG, Vishal Mehrotra, resigning from the company for personal reasons and being formally relieved of his duties effective June 5, 2026. The FMCG b...
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.