V-Mart Retail Ltd (IN:VMART)
:VMART
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V-Mart Retail Ltd
(VMART)
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Rating:69Neutral
Price Target:
₹872.00
▲(18.58% Upside)
Action:Reiterated
Date:05/09/26
The score is driven primarily by improving fundamentals and cash flow versus prior loss-making years, tempered by margin volatility and still-elevated leverage. Technicals are supportive with price above key shorter/intermediate moving averages and positive MACD, while valuation appears very inexpensive based on the provided P/E.
Positive Factors
Cash Generation
Operating and free cash flow were solidly positive in FY2025–FY2026, supporting reinvestment and balance-sheet flexibility. Persistent positive cash conversion gives the retailer durable ability to fund store upkeep, merchandising and working capital, lowering reliance on external financing during cycles.
Negative Factors
Elevated Leverage
Although leverage has come down, debt remains roughly in line with equity and the balance sheet is still more leveraged than ideal for a cyclical retailer. Elevated leverage heightens sensitivity to demand slowdowns or cost shocks, constraining capital allocation and raising refinancing and interest-rate risks over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Cash Generation
Operating and free cash flow were solidly positive in FY2025–FY2026, supporting reinvestment and balance-sheet flexibility. Persistent positive cash conversion gives the retailer durable ability to fund store upkeep, merchandising and working capital, lowering reliance on external financing during cycles.
Read all positive factors
V-Mart Retail Ltd (VMART) vs. iShares MSCI India ETF (INDA)
Market Cap
₹63.37B
Dividend YieldN/A
Average Volume (3M)31.86K
Price to Earnings (P/E)0.5
Beta (1Y)0.86
Revenue Growth16.46%
EPS Growth2726.00%
CountryIN
Employees9,827
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)14.50
Shares Outstanding79,548,004
10 Day Avg. Volume16,386
30 Day Avg. Volume31,857
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)18.69
Revenue Forecast (FY)₹44.46B
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 | 34.99B | 37.89B | 32.54B | 27.81B | 24.65B | 16.66B |
| Gross Profit | 12.09B | 6.11B | 11.24B | 9.38B | 3.18B | 5.54B |
| EBITDA | 4.37B | 5.13B | 3.77B | 2.34B | 2.84B | 2.18B |
| Net Income | 1.15B | 1.24B | 457.70M | -967.60M | -78.49M | 116.41M |
Balance Sheet | ||||||
| Total Assets | 26.26B | 27.80B | 24.36B | 28.45B | 27.43B | 20.99B |
| Cash, Cash Equivalents and Short-Term Investments | 700.30M | 379.10M | 444.70M | 488.50M | 286.90M | 1.54B |
| Total Debt | 8.01B | 9.58B | 7.83B | 13.91B | 13.32B | 9.02B |
| Total Liabilities | 17.81B | 18.29B | 16.26B | 20.98B | 18.94B | 12.50B |
| Stockholders Equity | 8.46B | 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 | 2.19B | 4.73B | 3.49B | 3.86B | 1.81B | -112.52M |
| Investing Cash Flow | -604.20M | -1.74B | -1.22B | -1.18B | -1.59B | 1.24B |
| Financing Cash Flow | -1.74B | -3.19B | -2.15B | -2.59B | -373.60M | -1.04B |
V-Mart Retail Ltd Technical Analysis
Positive
735.35
Price Trends
660.24
Positive
612.58
Positive
689.11
Positive
Market Momentum
34.28
Negative
80.95
Negative
94.76
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:VMART, the sentiment is Positive. The current price of 735.35 is above the 20-day moving average (MA) of 697.42, above the 50-day MA of 660.24, and above the 200-day MA of 689.11, indicating a bullish trend. The MACD of 34.28 indicates Negative momentum. The RSI at 80.95 is Negative, neither overbought nor oversold. The STOCH value of 94.76 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:VMART.
V-Mart Retail Ltd Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
69 Neutral | ₹63.37B | 0.48 | ― | ― | 16.46% | 2726.00% | |
65 Neutral | ₹19.04B | 20.00 | ― | 0.39% | 18.23% | 27.96% | |
65 Neutral | ₹555.55B | 65.51 | ― | ― | 20.44% | 28.72% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
57 Neutral | ₹65.00B | 52.05 | ― | 0.31% | 13.99% | ― | |
54 Neutral | ₹39.70B | -110.10 | ― | ― | 8.98% | -431.59% | |
48 Neutral | ₹73.94B | -9.65 | ― | ― | -37.56% | -57.88% |
* Consumer Cyclical Sector Average
IN:VMART
V-Mart Retail Ltd
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V-Mart Retail Ltd Corporate Events
V-Mart Retail Sets May 8 Investor Call to Review FY26 Results
Apr 29, 2026
V-Mart Retail Ltd has scheduled an investors and analysts conference call on May 8, 2026, at 11:00 a.m. IST to discuss its financial and corporate performance for the fourth quarter and full year ended March 31, 2026. The call, to be led by Managi...
V-Mart Relocates Corporate Office in Gurugram Without Operational Impact
Apr 27, 2026
V-Mart Retail Ltd has approved the relocation of its corporate office and the maintenance of its books of accounts within Gurugram, shifting from Plot No. 862, Udyog Vihar Phase V, to Plot No. 90-D, Sector 18, Udyog Vihar, effective April 29, 2026...
V-Mart Files SEBI Demat Compliance Certificate for March Quarter
Apr 7, 2026
V-Mart Retail Ltd has submitted to the stock exchanges a compliance certificate under Regulation 74(5) of the SEBI (Depositories and Participants) Regulations, 2018 for the quarter ended 31 March 2026. The certificate, issued by its registrar and ...
V-Mart Posts 24% Q4 Revenue Growth and Records Highest-Ever Annual Store Additions
Apr 1, 2026
V-Mart Retail Ltd reported provisional revenue from operations of Rs. 971 crore for the fourth quarter of FY26, a 24% year-on-year increase, supported by same-store sales growth of 12% across its V-Mart and Unlimited banners. The strong revenue mo...
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.