V-Mart Retail Ltd (IN:VMART)
:VMART
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V-Mart Retail Ltd
(VMART)
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Rating:68Neutral
Price Target:
₹669.00
▼(-9.02% Downside)
Action:ReiteratedDate:04/07/26
The score is primarily supported by improved financial performance, highlighted by strong revenue growth, healthy gross margin, and a recovery to profitability, alongside stable cash generation. This is tempered by mixed technicals (stronger short-term trend but weaker longer-term trend and negative MACD). Valuation appears reasonable based on the P/E, but there is no dividend yield data to add support.
Positive Factors
Revenue & Margin Recovery
Sustained revenue growth combined with a ~34.5% gross margin and a return to profitability indicate resilient unit economics. Healthy gross margins provide pricing flexibility and buffer against markdowns, while improving EBIT/EBITDA margins suggest the company can scale profits as sales rise over the next several quarters.
Negative Factors
Declining Equity Ratio
A declining equity ratio implies growing reliance on debt financing, raising refinancing and interest-rate sensitivity risks. If margins weaken or cost of debt rises, higher leverage can constrain strategic spending, increase financing costs, and pressure credit metrics over multiple quarters.
Read all positive and negative factors
Positive Factors
Negative Factors
Revenue & Margin Recovery
Sustained revenue growth combined with a ~34.5% gross margin and a return to profitability indicate resilient unit economics. Healthy gross margins provide pricing flexibility and buffer against markdowns, while improving EBIT/EBITDA margins suggest the company can scale profits as sales rise over the next several quarters.
Read all positive factors
V-Mart Retail Ltd (VMART) vs. iShares MSCI India ETF (INDA)
Market Cap
₹49.13B
Dividend YieldN/A
Average Volume (3M)31.86K
Price to Earnings (P/E)16.1
Beta (1Y)1.08
Revenue Growth14.52%
EPS GrowthN/A
CountryIN
Employees9,827
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)11.10
Shares Outstanding79,458,290
10 Day Avg. Volume16,386
30 Day Avg. Volume31,857
Financial Highlights & Ratios
PEG Ratio-0.30
Price to Book (P/B)1.90
Price to Sales (P/S)0.47
P/FCF Ratio6.81
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹760.00Price Target Upside3.35% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering1
EPS Forecast (FY)19.73
Revenue Forecast (FY)₹43.51B
V-Mart Retail Ltd Business Overview & Revenue Model
Company Description
V-Mart Retail Limited operates a chain of value retail departmental stores in India. Its stores offer a range of products, including apparels, footwear, accessories, and general merchandise for men, women, boys, girls, and infants, as well as home...
How the Company Makes Money
V-Mart primarily makes money by selling merchandise through its retail stores, generating revenue at the point of sale from customers purchasing products across its assortment (with apparel typically being the core draw, complemented by non-appare...
V-Mart Retail Ltd Financial Statement Overview
Summary
Income Statement
75
Positive
Balance Sheet
68
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 34.99B | 32.54B | 27.81B | 24.65B | 16.66B | 10.75B |
| Gross Profit | 12.09B | 11.24B | 9.38B | 3.18B | 5.54B | 870.12M |
| EBITDA | 4.37B | 3.77B | 2.34B | 2.84B | 2.18B | 1.52B |
| Net Income | 1.15B | 457.70M | -967.60M | -78.49M | 116.41M | -62.03M |
Balance Sheet | ||||||
| Total Assets | 26.26B | 24.36B | 28.45B | 27.43B | 20.99B | 16.27B |
| Cash, Cash Equivalents and Short-Term Investments | 700.30M | 444.70M | 488.50M | 286.90M | 1.54B | 4.09B |
| Total Debt | 8.01B | 7.83B | 13.91B | 13.32B | 9.02B | 5.68B |
| Total Liabilities | 17.81B | 16.26B | 20.98B | 18.94B | 12.50B | 8.01B |
| Stockholders Equity | 8.46B | 8.10B | 7.47B | 8.49B | 8.50B | 8.25B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | 2.26B | 2.65B | -975.69M | -1.62B | 1.08B |
| Operating Cash Flow | 2.19B | 3.49B | 3.86B | 1.81B | -112.52M | 1.49B |
| Investing Cash Flow | -604.20M | -1.22B | -1.18B | -1.59B | 1.24B | -4.19B |
| Financing Cash Flow | -1.74B | -2.15B | -2.59B | -373.60M | -1.04B | 2.87B |
V-Mart Retail Ltd Technical Analysis
Positive
735.35
Price Trends
568.46
Positive
639.51
Negative
714.93
Negative
Market Momentum
19.53
Negative
63.01
Neutral
73.22
Neutral
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 555.99, above the 50-day MA of 568.46, and above the 200-day MA of 714.93, indicating a neutral trend. The MACD of 19.53 indicates Negative momentum. The RSI at 63.01 is Neutral, neither overbought nor oversold. The STOCH value of 73.22 is Neutral, 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 | ₹100.27B | 21.31 | ― | 1.18% | 9.63% | 34.28% | |
68 Neutral | ₹49.13B | 16.14 | ― | ― | 14.52% | ― | |
66 Neutral | ₹48.47B | 16.59 | ― | 2.75% | 13.79% | 7.50% | |
62 Neutral | ₹73.98B | 20.98 | ― | ― | 64.60% | 115.66% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
56 Neutral | ₹60.02B | 65.33 | ― | 0.31% | 12.51% | -121.57% |
* Consumer Cyclical Sector Average
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V-Mart Retail Ltd Corporate Events
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...
V-Mart Shares Q3 FY26 Investor Presentation on Unaudited Results
Jan 22, 2026
V-Mart Retail Limited has circulated an investor and analyst presentation covering its unaudited financial results for the third quarter and nine months ended December 31, 2025. The company has also made this presentation available on its website,...
V-Mart Retail Publishes Unaudited Q3 and Nine-Month FY2025-26 Results
Jan 22, 2026
V-Mart Retail Limited has released its unaudited financial results for the quarter and nine-month period ended 31 December 2025, following approval by its Board of Directors at a meeting held on 22 January 2026. The results, which have been review...
V-Mart Board Clears Q3 and Nine-Month FY26 Unaudited Results, Auditors Flag No Material Issues
Jan 22, 2026
V-Mart Retail Ltd’s board of directors met on 22 January 2026 and approved the unaudited financial results for the third quarter and nine-month period ended 31 December 2025, along with taking on record the limited review report from its sta...
V-Mart Files SEBI Regulation 74(5) Compliance Certificate for Q3 FY2025-26
Jan 9, 2026
V-Mart Retail Limited has submitted to the stock exchanges a compliance certificate from its Registrar and Transfer Agent, KFin Technologies Limited, confirming adherence to Regulation 74(5) of the SEBI (Depositories and Participants) Regulations,...
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.