V2 Retail Limited (V2RETAIL) AI Stock Analysis

• Market Cap: ₹75.76B
• Dividend Yield: N/A
• Average Volume (3M): 14.37K
• Price to Earnings (P/E): 47.4
• Beta (1Y): 1.09
• Revenue Growth: 65.91%
• EPS Growth: 139.39%
• Country: IN
• Employees: 3,338
• Sector: Consumer Cyclical
• Sector Strength: 84
• Industry: Apparel - Retail
• EPS (TTM): 29.17
• Shares Outstanding: 36,463,757
• 10 Day Avg. Volume: 10,037
• 30 Day Avg. Volume: 14,373
• PEG Ratio: 0.53
• Price to Book (P/B): 17.22
• Price to Sales (P/S): 3.16
• P/FCF Ratio: 265.42
• Enterprise Value/Market Cap: N/A
• Enterprise Value/Revenue: N/A
• Enterprise Value/Gross Profit: N/A
• Enterprise Value/Ebitda: N/A
• 1Y Price Target: N/A
• Price Target Upside: N/A
• Rating Consensus: N/A
• Number of Analyst Covering: 0
• EPS Forecast (FY): N/A
• Revenue Forecast (FY): N/A

• Rating: 62 Neutral
• Price Target: ₹2,203.00 ▼(-9.55% Downside)

V2 Retail Limited's stock score is primarily driven by its strong financial performance and positive technical indicators. However, the high P/E ratio suggests overvaluation, which negatively impacts the overall score. The absence of earnings call data and corporate events limits additional insights.

Positive Factors

Revenue Growth

Sustained high revenue growth enlarges market share and provides scale benefits across buying, merchandising, and store economics. Over 2–6 months this supports continued investment in assortment and distribution, enabling durable top-line momentum if execution holds.

Improving Profitability

Rising net margin and stable gross margin indicate better cost control and operational leverage from scale. Improved EBIT/EBITDA margins suggest the company is converting revenue growth into lasting operating profits, enhancing resilience and capacity to reinvest or service liabilities.

Positive Cash Generation

Return to positive FCF and healthy operating cash flow strengthens internal funding for inventory and store operations, reducing reliance on external financing. Over months this improves liquidity flexibility and supports execution of growth initiatives or deleveraging.

Negative Factors

High Leverage

A debt-to-equity ratio of 2.45 signals significant reliance on debt financing, increasing interest expense and refinancing risk. In adverse conditions this leverage can constrain investment, require higher cash generation for servicing, and limit strategic flexibility over the medium term.

Capex Pressure on FCF

High capital spending depresses FCF conversion despite positive operating cash flow, creating ongoing liquidity pressure. Persistently elevated capex needs could hamper debt reduction or working capital funding and force external financing if cash generation slips.

Brick-and-Mortar Concentration

Heavy dependence on physical stores exposes the company to fixed-cost risks (rent, staffing) and shifting consumer preferences toward online channels. Without a meaningful omnichannel mix, this structural exposure can pressure margins and growth consistency over the medium term.

V2 Retail Limited Business Overview & Revenue Model

Company Description

V2 Retail Limited engages in the retail trade of garments, textiles, and accessories in India. The company sells its products under the Godspeed, Herrlich, Glamora, ebellia, and Honey Brats brands. As of May 05, 2021, it operated 93 retail stores. The company was incorporated in 2001 and is based in New Delhi, India.

How the Company Makes Money

V2 Retail Limited generates revenue primarily through the sale of consumer products in its retail locations and online platforms. The company employs a multi-channel retail strategy, allowing it to reach customers through both brick-and-mortar stores and e-commerce. Key revenue streams include direct sales of apparel, home goods, and electronics, as well as potential partnerships with other brands for exclusive product lines and collaborations. Additionally, V2RETAIL may benefit from loyalty programs and promotions that encourage repeat purchases, enhancing customer retention and increasing overall sales. Seasonal sales and clearance events also contribute significantly to revenue, as they attract customers looking for discounts on popular items.

V2 Retail Limited Financial Statement Overview

Summary

V2 Retail Limited shows strong growth and improving profitability, driven by revenue expansion and operational efficiency. However, high leverage poses financial risk, and cash flows, while positive, require careful management of capital expenditures to ensure liquidity.

Income Statement

V2 Retail Limited's income statement reflects a robust growth trajectory with a significant revenue increase over the years, highlighted by a 62.3% growth from 2024 to 2025. The gross profit margin has been stable, while the net profit margin improved to 3.8% in 2025, indicating better cost control and profitability. The steady increase in EBIT and EBITDA margins also showcases enhanced operational efficiency. However, the company experienced losses in prior years, which should be monitored for sustained profitability.

Balance Sheet

The balance sheet shows a moderately leveraged financial position with a debt-to-equity ratio of 2.45 in 2025, which suggests significant reliance on debt financing. The equity ratio is 21.3%, indicating a lower reliance on equity. Return on Equity (ROE) improved to 20.8% in 2025, showcasing efficient use of shareholders' equity to generate profit. Despite improvements, high debt levels might pose risks in adverse market conditions.

Cash Flow

Cash flow analysis reveals a fluctuating but generally positive cash flow situation, with free cash flow turning positive in 2025 after a decline in the previous year. Operating cash flow remains healthy, supporting the company's operational needs. The free cash flow to net income ratio is low due to the high capital expenditures, which could strain liquidity if not managed carefully. The operating cash flow to net income ratio reflects good cash generation relative to profits.

Breakdown	TTM	Dec 2025	Dec 2024	Dec 2023	Dec 2022	Dec 2021
Income Statement
Total Revenue	21.02B	18.84B	11.61B	8.39B	6.28B	5.37B
Gross Profit	4.99B	2.93B	1.21B	2.86B	586.29M	1.47B
EBITDA	2.96B	2.65B	1.54B	913.18M	819.19M	720.92M
Net Income	803.56M	720.32M	278.11M	-128.17M	-116.77M	-128.43M
Balance Sheet
Total Assets	0.00	16.28B	10.27B	7.94B	7.92B	8.13B
Cash, Cash Equivalents and Short-Term Investments	94.04M	94.04M	94.48M	62.28M	74.13M	225.05M
Total Debt	0.00	8.50B	5.25B	4.24B	3.98B	3.96B
Total Liabilities	-3.46B	12.82B	7.52B	5.47B	5.34B	5.44B
Stockholders Equity	3.46B	3.46B	2.75B	2.47B	2.58B	2.69B
Cash Flow
Free Cash Flow	0.00	224.64M	539.16M	732.76M	418.49M	-242.13M
Operating Cash Flow	0.00	1.57B	934.25M	863.57M	586.14M	33.72M
Investing Cash Flow	0.00	-1.31B	-392.98M	-122.73M	-157.11M	-203.00M
Financing Cash Flow	0.00	-265.06M	-495.98M	-757.02M	-582.92M	-216.36M

V2 Retail Limited Technical Analysis

• Technical Analysis Sentiment: Positive
• Last Price: 2435.50
• 50DMA: Negative
• 100DMA: Negative
• 200DMA: Positive
• MACD: Negative
• RSI: Neutral
• STOCH: Neutral

Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:V2RETAIL, the sentiment is Positive. The current price of 2435.5 is above the 20-day moving average (MA) of 2001.26, above the 50-day MA of 2194.59, and above the 200-day MA of 2001.70, indicating a neutral trend. The MACD of -55.88 indicates Negative momentum. The RSI at 48.50 is Neutral, neither overbought nor oversold. The STOCH value of 73.01 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:V2RETAIL.

V2 Retail Limited Peers Comparison

Name	Overall Rating	Market Cap	P/E Ratio	ROE	Dividend Yield	Revenue Growth	EPS Growth
ARVIND	69 Neutral	₹97.52B	24.05	―	1.18%	8.84%	41.74%
V2RETAIL	62 Neutral	₹75.76B	47.42	―	―	65.91%	139.39%
GOKEX	62 Neutral	₹61.18B	50.08	―	―	22.27%	7.09%
Sector *	61 Neutral	$18.38B	12.79	-2.54%	3.03%	1.52%	-15.83%
VMART	60 Neutral	₹48.51B	36.13	―	―	16.45%	―
ARVINDFASN	56 Neutral	₹67.06B	-368.68	―	0.31%	10.72%	-115.52%
ABFRL	48 Neutral	₹83.66B	-13.36	―	―	-32.83%	31.19%

V2 Retail Limited Corporate Events

V2 Retail Publishes Q3 and Nine-Month FY 2025-26 Investor Presentation

V2 Retail Limited has released its investor presentation for the third quarter and nine-month period of FY 2025-26, in line with its disclosure obligations under SEBI’s listing regulations. The presentation, which has been filed with the stock exchanges and uploaded to the company’s website, is intended to update investors and other stakeholders on the company’s recent financial and operational performance over the period.

V2 Retail Files SEBI Compliance Certificate for December 2025 Quarter

V2 Retail Limited has informed the stock exchanges that it has submitted a confirmation certificate from its Registrar and Transfer Agent for the quarter ended December 31, 2025, in compliance with Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018. The filing underscores the company’s adherence to regulatory requirements governing dematerialised securities and depository operations, providing comfort to investors and other stakeholders about its ongoing compliance and governance standards in the capital markets.

V2 Retail Limited Releases Q2 2025 Financial Results with Pending Asset Reconciliation

V2 Retail Limited announced its unaudited standalone and consolidated financial results for the quarter and half-year ending September 30, 2025. The report, reviewed by independent auditors, highlighted a pending reconciliation of physical verification of assets, which may affect the carrying value of property, plant, and equipment. This announcement is crucial for stakeholders as it reflects the company’s financial health and operational transparency, although the pending reconciliation introduces an element of uncertainty.