Vishal Mega Mart Ltd. (IN:VMM)
:VMM
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Vishal Mega Mart Ltd.
(VMM)
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Rating:65Neutral
Price Target:
₹130.00
▼(-4.80% Downside)
Action:N/A
Date:05/20/26
The score is supported primarily by stronger 2026 financial performance and cash flow with a reasonably levered balance sheet. It is held back by an expensive valuation (high P/E and no dividend yield provided) and only neutral-to-mixed technical signals versus longer-term trend levels.
Positive Factors
Scale & Profitability Recovery
The large 2026 jump in revenue and operating profit indicates the business achieved meaningful scale and improved margin conversion. Durable higher operating earnings support reinvestment in stores, supply-chain improvements and bolster the company’s ability to fund growth without relying solely on external financing.
Negative Factors
Earnings Volatility
The sharp swing from near-breakeven in 2025 to strong profits in 2026 highlights uneven earnings durability. Such volatility raises the risk that margins and cash generation could reverse if traffic, gross margins or cost control weaken, complicating multi-quarter planning and capital allocation decisions.
Read all positive and negative factors
Positive Factors
Negative Factors
Scale & Profitability Recovery
The large 2026 jump in revenue and operating profit indicates the business achieved meaningful scale and improved margin conversion. Durable higher operating earnings support reinvestment in stores, supply-chain improvements and bolster the company’s ability to fund growth without relying solely on external financing.
Read all positive factors
Vishal Mega Mart Ltd. (VMM) vs. iShares MSCI India ETF (INDA)
Market Cap
₹571.30B
Dividend YieldN/A
Average Volume (3M)637.83K
Price to Earnings (P/E)50.9
Beta (1Y)1.16
Revenue Growth20.44%
EPS Growth28.72%
CountryIN
Employees18,029
SectorConsumer Cyclical
Sector Strength84
IndustryDepartment Stores
Share Statistics
EPS (TTM)0.58
Shares Outstanding4,673,228,000
10 Day Avg. Volume1,017,481
30 Day Avg. Volume637,825
Financial Highlights & Ratios
PEG Ratio0.00
Price to Book (P/B)0.00
Price to Sales (P/S)0.00
P/FCF Ratio0.00
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹135.00Price Target Upside-1.14% Downside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)2.29
Revenue Forecast (FY)₹152.16B
Vishal Mega Mart Ltd. Business Overview & Revenue Model
Company Description
Vishal Mega Mart Limited engages in the wholesale, trading, and retail of apparel, fast moving consumer goods, and general merchandise in India. Its apparel product portfolio includes a range of t-shirts, shirts, denims, athletic and leisure wear,...
How the Company Makes Money
VMM makes money primarily by selling merchandise through its retail stores. Its key revenue streams are (1) sale of apparel and textiles (a core category that typically carries higher gross margins than staples), (2) sale of general merchandise (e...
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 | 107.01B |
| Gross Profit | 15.11B | 36.68B | 30.00B |
| EBITDA | 7.90B | 19.70B | 15.89B |
| Net Income | 2.67B | 8.39B | 73.88M |
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. Peers Comparison
UnderperformOutperform
Sector (61)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
71 Outperform | ₹127.66B | 21.31 | ― | 1.18% | 11.70% | 17.01% | |
69 Neutral | ₹50.34B | 0.40 | ― | ― | 16.46% | 2726.00% | |
65 Neutral | ₹571.30B | 50.90 | ― | ― | 20.44% | 28.72% | |
65 Neutral | ₹18.41B | 13.08 | ― | 0.39% | 18.23% | 27.96% | |
62 Neutral | ₹83.19B | 20.98 | ― | ― | 64.60% | 115.66% | |
61 Neutral | $18.38B | 12.79 | -2.54% | 3.03% | 1.52% | -15.83% | |
48 Neutral | ₹76.11B | -15.34 | ― | ― | -46.52% | 15.08% |
* Consumer Cyclical Sector Average
IN:VMM
Vishal Mega Mart Ltd.
122.25
-0.40
-0.33%
IN:ABFRL
Aditya Birla Fashion and Retail Limited
62.60
-34.40
-35.46%
IN:ARVIND
Arvind Limited
487.05
111.68
29.75%
IN:CANTABIL
Cantabil Retail India Limited
220.10
-12.37
-5.32%
IN:V2RETAIL
V2 Retail Limited
228.15
40.66
21.68%
IN:VMART
V-Mart Retail Ltd
633.60
-222.49
-25.99%
Vishal Mega Mart Ltd. Corporate Events
Vishal Mega Mart Subsidiary Hit with Rent Decree, Financial Impact Limited
Apr 14, 2026
Vishal Mega Mart has disclosed that its subsidiary, Airplaza Retail Holdings, has been ordered by a New Delhi commercial court to pay ₹72.12 lakh plus 18% annual interest from August 1, 2023, and legal costs, in a rent and GST recovery suit ...
Vishal Mega Mart Names Tapan Kulshrestha Supply Chain Head After Leadership Change
Apr 1, 2026
Vishal Mega Mart Limited has appointed Tapan Kulshrestha as Vice President and Head of Supply Chain, designating him as a senior management personnel effective April 1, 2026, following the exit of former supply chain head S. Raamesh earlier in Jan...
Vishal Mega Mart Bolsters FMCG Push With Senior Leadership Hire
Mar 3, 2026
Vishal Mega Mart Ltd. has strengthened its leadership team by appointing seasoned retail executive Vineet Saksena as Senior Vice President – FMCG and Senior Management Personnel, effective March 3, 2026. Saksena brings over two decades of st...
Vishal Mega Mart Grants 500,000 Stock Options Under ESOP 2019
Mar 3, 2026
Vishal Mega Mart has granted 500,000 stock options to an eligible employee under its 2019 Employee Stock Options Plan at an exercise price of Rs. 117 per option, with each option convertible into one equity share of face value Rs. 10. The options,...
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.