Small Retail

V-Mart Retail Ltd.

VMART

₹3662.1

-0.45% (-16.4)

Market Cap

₹7,285 Cr.

P/E

159.16

V-Mart Retail Ltd.

Price
Growth Table
Balance Sheet
Profit & Loss
Cash Flow
Cash Flow Analysis
Ratios
Quarterly Results
Reverse DCF

FAQs on V-Mart Retail Ltd. Shareprice

Has the share price of V-Mart Retail grown faster than its competition?

V-Mart Retail has given lower returns compared to its competitors.
V-Mart Retail has grown at ~9.19% over the last 6yrs while peers have grown at a median rate of 11.0%

Is V-Mart Retail stock expensive?

V-Mart Retail is expensive when considering the PE ratio, however latest EV/EBIDTA is < 3 yr avg EV/EBIDTA.
Latest PE of V-Mart Retail is 159, while 3 year average PE is 79.69.
Also latest EV/EBITDA of V-Mart Retail is 19.61 while 3yr average is 27.13.

View FAQ's On Business

Growth Table

V-Mart Retail Ltd.
Avenue Supermarts
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Trent
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In %	1yr	2yr	3yr	4yr	5yr	6yr	7yr	8yr	9yr	10yr
Share Price CAGR	30.50	36.09	9.86	7.06	15.41	8.35	6.32	15.62	25.36	22.60
TTM EPS CAGR	—	—	62.77	—	-2.19	-4.73	-7.79	0.23	6.21	1.33
Sales CAGR	16.81	14.90	24.99	31.89	14.38	14.64	15.01	15.87	16.72	16.28
PAT Margin (Abs Growth)	-3.15	-4.17	-2.89	-6.44	-7.77	-9.82	-7.85	-6.88	-8.66	-7.84
PE CAGR	—	—	-32.75	—	18.07	14.61	15.36	15.28	18.08	21.23
CFO CAGR	119	—	37.24	45.42	38.27	37.26	27.95	30.41	28.66	42.70

* Share price and PE growth are updated everyday. All other fields are as of latest financial year end. EPS adjusted for bonus and splits.

Balance Sheet

V-Mart Retail Ltd.
Avenue Supermarts
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Trent
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Assets	443	483	541	620	1,208	1,608	2,061	2,689	2,763	2,436
Non Current Assets	147	149	182	210	706	745	1,201	1,685	1,811	1,210
Net Block	110	117	145	165	667	697	1,111	1,445	1,661	569
Capital Work in Progress	2.35	1.16	3.51	4.01	2.47	2.19	6.38	109	3.84	4.31
Intangible Assets Under Development	—	—	—	—	—	—	—	—	—	—
Long Term Investments	13.03	5.85	6.34	9.82	3.32	3.62	3.78	—	—	—
Current Assets	301	342	367	422	518	888	898	1,058	1,035	1,226
Inventory	204	269	307	329	478	428	668	871	816	987
Accounts Receivable	—	—	—	—	—	—	—	—	—	—
Short Term Investments	19.34	65.99	27.69	50.85	4.57	315	121	8.54	4.70	5.05
Cash & Bank Balances	4.28	2.92	18.37	19.16	4.99	27.47	35.06	18.06	27.23	39.42
Liabilities	443	483	541	620	1,208	1,608	2,061	2,689	2,763	2,436
Shareholders Funds	231	270	347	409	459	825	850	849	747	810
Share Capital	18.07	18.07	18.10	18.13	18.16	19.71	19.75	19.77	19.78	19.80
Reserves	213	251	328	387	435	799	819	816	721	790
Non Current Liabilities	6.29	-0.66	-1.14	-0.70	428	513	815	1,067	1,124	458
Secured Loans	—	0.60	0.32	0.03	—	—	—	—	—	—
Unsecured Loans	—	—	—	—	—	—	—	—	—	—
Current Liabilities	206	213	194	211	321	270	396	773	892	1,168
Accounts Payable	95.65	160	167	148	197	192	291	488	634	762
Short Term Loans	26.91	34.87	—	—	1.05	—	—	148	110	149

Balance Sheet Snapshot

No data available.

Fund Flow Analysis

Increase
Decrease
Total

No data available.

*Data is as of latest FY end

Profit & Loss

V-Mart Retail Ltd.
Avenue Supermarts
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Trent
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	TTM
Sales	809	1,002	1,222	1,434	1,662	1,075	1,666	2,465	2,786	3,254
Operating Expenses	745	914	1,086	1,297	1,443	940	1,457	2,188	2,565	2,877
Raw Material	0.02	0.19	868	992	1,275	674	1,331	1,800	1,771	0.00
Fabric	0.02	0.19	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Others	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	—
Material Cost (%)	70.58	70.16	67.92	67.68	67.76	67.28	65.49	64.80	65.52	-5.25
Employee Cost	61.67	78.28	98.39	126	154	117	180	256	287	363
Power & Fuel Cost	22.76	26.71	33.70	42.24	48.78	35.26	58.27	90.08	107	—
Operating Profit	64.29	88.00	137	137	219	135	209	277	221	377
Other Income	1.17	4.14	4.14	5.92	4.48	21.04	13.96	14.97	20.95	12.12
OPM (%)	7.94	8.79	11.18	9.55	13.16	12.56	12.55	11.22	7.93	11.59
Depreciation and Amortisation	19.09	18.55	22.93	27.63	93.92	103	131	180	222	233
Interest	5.50	6.77	5.43	5.55	59.80	62.78	81.99	125	150	136
Profit Before Tax	42.31	66.82	112	99.81	69.53	-9.66	10.40	-13.01	-130	43.96
Tax	14.68	22.92	34.76	38.18	20.18	-3.46	-1.24	-5.16	-33.74	-1.81
Net Profit	27.63	43.90	77.70	61.63	49.35	-6.20	11.64	-7.85	-96.76	45.77
Number of shares(Crs)	1.81	1.81	1.81	1.81	1.82	1.97	1.97	1.98	1.98	—
Dividend Payout Ratio(%)	8.17	5.14	4.66	5.00	0.00	0.00	12.72	0.00	0.00	—

TTM Values as of Mar 2025

Cash Flow

V-Mart Retail Ltd.
Avenue Supermarts
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Trent
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In Rs. Cr.	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24	Mar'25
Cash from Operating Activity	46.13	68.72	57.71	76.34	86.30	149	-11.25	177	386	349
Profit Before Tax	42.31	66.82	113	99.81	69.53	-9.66	10.40	-13.01	-130	43.96
Adjustments	39.44	19.22	22.58	37.27	150	144	189	293	347	357
OCF Before Working Capital	81.75	86.04	135	137	220	135	199	280	217	401
Working Capital Changes	-20.72	6.93	-39.66	-27.52	-109	18.16	-198	-85.49	172	-50.37
Taxes Paid	-14.90	-24.25	-38.11	-33.21	-24.14	-3.48	-11.81	-18.19	-2.59	-1.42
Cash from Investing Activity	-37.17	-72.77	-8.43	-73.37	0.51	-419	124	-159	-118	-122
Net Fixed Assets Purchased	-26.03	-41.51	-47.78	-40.65	-54.63	-40.57	-149	-278	-123	-122
Fixed Assets Purchased	-26.06	-41.55	-47.91	-40.69	-61.42	-41.02	-151	-278	-123	-124
Fixed Assets Sold	0.02	0.04	0.14	0.04	6.79	0.45	1.80	0.42	0.32	1.46
Investment Purchased	-35.49	-188	-35.21	-470	-238	-618	-592	-279	-114	-267
Investment Sold	23.85	157	73.56	436	293	239	859	398	118	267
Interest Recieved	0.15	0.23	1.00	1.08	0.07	1.11	5.39	0.51	0.69	1.31
Dividends Recieved	0.09	0.57	0.47	—	—	—	—	—	—	—
Subsidiary Investments	—	—	—	—	—	—	—	—	—	—
Cash from Financing Activity	-9.56	4.88	-38.40	-4.39	-94.32	287	-104	-32.92	-259	-215
Proceeds From Shares	0.77	0.02	0.95	1.86	1.34	371	7.58	3.52	0.74	—
Net Long Term Borrowings	-0.31	0.77	-0.23	-0.27	-0.30	-0.03	0.00	0.00	0.00	0.00
Proceeds From Borrowings	—	0.83	—	—	—	—	—	—	—	—
Repayment From Borrowings	-0.31	-0.05	-0.23	-0.27	-0.30	-0.03	—	—	—	—
Interest Paid	-2.97	-3.23	-1.53	-1.61	-54.79	-58.95	-77.19	-4.19	-18.31	-23.30
Dividend Paid	-4.79	-0.18	-2.26	-3.62	-3.09	—	—	-1.48	—	—
Net Cash Flow	-0.59	0.82	10.87	-1.42	-7.51	17.42	7.95	-14.98	9.17	12.19
Opening Cash & Cash Equivalents	2.63	2.04	2.86	13.74	12.32	4.81	22.23	33.04	18.06	27.23
Effect of FX	—	—	—	—	—	—	—	—	—	—
Closing Cash & Cash Equivalents	2.04	2.86	13.74	12.32	4.81	22.23	30.18	18.06	27.23	39.42
Net Capex (est)	26.03	41.51	47.78	40.65	54.63	40.57	149	278	123	122
Free Cash Flow (est)	20.10	27.20	9.93	35.69	31.67	109	-161	-101	263	227

Cash Flow Analysis

Increase
Decrease
Total

No data available.

Ratios

= Dominant Factor

V-Mart Retail Ltd.
Avenue Supermarts
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Trent
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	Mar'15	Mar'16	Mar'17	Mar'18	Mar'19	Mar'20	Mar'21	Mar'22	Mar'23	Mar'24
Operational Ratios
Quick Ratio	0.31	0.47	0.34	0.31	0.49	0.12	1.71	0.58	0.24	0.25
Liquid Assets (Crs)	40.25	96.13	72.87	60.31	103	39.67	460	230	187	219
Current Liabilities (Crs)	131	206	213	194	211	321	270	396	773	892
Current Ratio	1.70	1.46	1.60	1.89	1.99	1.61	3.29	2.27	1.37	1.16
Current Assets (Crs)	223	301	342	367	422	518	888	898	1,058	1,035
Current Liabilities (Crs)	131	206	213	194	211	321	270	396	773	892
Interest Coverage Ratio	14.28	8.70	10.87	21.70	18.99	2.16	0.85	1.13	0.90	0.13
EBIT (Crs)	61.31	46.37	73.59	118	115	129	53.11	92.39	112	19.72
Interest Expenses (Crs)	4.17	5.50	6.77	5.43	5.55	59.80	62.78	81.99	125	150
Fixed Asset Turnover	5.07	4.67	7.42	6.61	6.25	2.19	1.31	1.23	1.49	1.35
Net Sales (Crs)	720	809	1,002	1,222	1,434	1,662	1,075	1,666	2,465	2,786
Fixed Assets (Crs)	142	173	135	185	230	760	820	1,358	1,652	2,067
Cash Conversion Cycle	38.44	32.84	19.92	14.23	21.71	32.69	55.80	39.44	24.58	-1.87
Inventory Days	88.92	87.42	86.28	86.04	80.97	88.60	154	120	114	110
Days Receivable	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Days Payable	50.48	54.58	66.36	71.81	59.26	55.91	97.98	80.66	89.00	112
Debt to Equity Ratio	0.15	0.12	0.13	0.00	0.00	0.00	0.00	0.00	0.17	0.15
Total Debt (Crs)	30.56	26.97	35.70	0.60	0.32	1.07	0.00	0.00	148	110
Shareholders Equity (Crs)	205	231	270	347	409	459	825	850	849	747
Free Cash Flow/Sales (%)	0.89	2.48	2.72	0.81	2.49	1.91	10.11	-9.64	-4.11	9.45
Free Cash Flow(est) (Crs)	6.40	20.10	27.20	9.93	35.69	31.67	109	-161	-101	263
Net Sales (Crs)	720	809	1,002	1,222	1,434	1,662	1,075	1,666	2,465	2,786
Profitability Ratios
Gross Margin (%)	29.77	29.42	29.84	32.08	32.32	32.24	32.72	34.51	35.20	34.48
Op Profit Margin (%)	8.83	7.94	8.79	11.18	9.55	13.16	12.56	12.55	11.22	7.93
Operating Profit (Crs)	65.88	65.46	92.14	141	143	223	156	223	292	242
Net Sales (Crs)	720	809	1,002	1,222	1,434	1,662	1,075	1,666	2,465	2,786
Net Profit Margin (%)	5.19	3.41	4.38	6.36	4.30	2.97	-0.58	0.70	-0.32	-3.47
Net Profit (Crs)	37.37	27.63	43.90	77.70	61.63	49.35	-6.20	11.64	-7.85	-96.76
Net Sales (Crs)	720	809	1,002	1,222	1,434	1,662	1,075	1,666	2,465	2,786
ROCE (%)	28.89	19.56	27.32	34.05	28.19	14.58	3.97	5.55	5.82	1.05
EBIT (Crs)	61.31	46.37	73.59	118	115	129	53.11	92.39	112	19.72
Capital Employed (Crs)	212	237	269	346	409	887	1,338	1,665	1,916	1,871
Return on Assets (%)	10.88	6.24	9.09	14.37	9.94	4.09	-0.39	0.56	-0.29	-3.50
Net Profit (Crs)	37.37	27.63	43.90	77.70	61.63	49.35	-6.20	11.64	-7.85	-96.76
Total Assets (Crs)	344	443	483	541	620	1,208	1,608	2,061	2,689	2,763
ROIC (%)	21.25	14.55	18.46	25.61	18.39	10.27	1.59	5.54	3.16	-0.05
Op Profit after Taxes (Crs)	39.87	29.52	45.63	78.60	67.45	88.60	20.58	87.82	58.28	-0.91
Invested Capital (Crs)	188	203	247	307	367	863	1,292	1,585	1,843	1,809
ROE (%)	18.23	11.98	16.26	22.36	15.06	10.75	-0.75	1.37	-0.92	-12.95
Net Profit Margin (%)	5.19	3.41	4.38	6.36	4.30	2.97	-0.58	0.70	-0.32	-3.47
Asset Turnover ratio	2.10	1.83	2.07	2.26	2.31	1.38	0.67	0.81	0.92	1.01
Equity Multiplier	1.68	1.92	1.79	1.56	1.51	2.63	1.95	2.43	3.17	3.70
Adjusted EPS	20.74	15.29	24.30	42.94	33.99	27.18	-3.15	5.89	-3.97	-48.92
Valuation Ratios
P/E	27.45	30.73	33.90	44.13	79.29	51.97	0.00	674	0.00	0.00
Price to Book	5.00	3.68	5.53	9.92	12.05	5.66	6.67	9.35	5.10	5.74
EV/EBITDA	15.98	13.32	16.51	24.22	34.09	11.47	34.77	35.00	15.07	17.94
Dividend Yield (%)	0.26	0.27	0.15	0.11	0.06	0.00	0.00	0.02	0.00	0.00

Quarterly Results

V-Mart Retail Ltd.
Avenue Supermarts
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Trent
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In Rs. Cr.	Dec'22	Mar'23	Jun'23	Sep'23	Dec'23	Mar'24	Jun'24	Sep'24	Dec'24	Mar'25
Net Sales	777	594	679	549	889	669	786	661	1,027	780
Operating Expenses	673	571	626	549	769	628	687	622	855	712
Increase/Decrease in Stock	150	-104	145	-117	103	-76.01	144	-241	94.32	-169
Raw Material	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Employee Cost	76.29	68.02	71.65	71.25	77.15	67.02	84.08	86.52	95.34	97.44
Selling and Distribution Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Electricity, Power & Fuel Cost	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Gen_AdminExpenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Miscellaneous Expenses	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00
Operating Profit	104	22.92	52.46	0.67	120	40.23	98.98	38.62	171	68.14
Other Income	0.70	7.53	1.51	1.99	13.03	4.43	4.64	1.77	3.38	2.33
Interest	30.70	33.62	33.02	35.89	37.55	35.91	37.49	39.14	42.43	17.40
PBDT	73.68	-3.17	20.95	-33.23	95.17	8.75	66.13	1.25	132	77.25
Depreciation and Amortization	47.27	48.41	49.91	53.19	58.29	60.74	56.81	59.24	62.58	54.36
Profit Before Tax	26.41	-51.58	-28.96	-86.42	36.88	-51.99	9.32	-57.99	69.74	22.89
Tax	6.44	-14.62	-7.02	-22.30	8.65	-13.07	-2.82	-1.48	-1.89	4.38
Profit After Tax	19.97	-36.96	-21.94	-64.12	28.23	-38.92	12.14	-56.51	71.63	18.51
Exceptional Items	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	0.00	24.18
Net Profit	19.97	-36.96	-21.94	-64.12	28.23	-38.92	12.14	-56.51	71.63	18.51
Quarterly Ratios
EPS	10.10	-18.70	-11.10	-32.42	14.27	-19.68	6.14	-28.55	36.18	9.35
Operating Profit Margin	13.35	3.86	7.73	0.12	13.46	6.02	12.59	5.84	16.69	8.74
Net Profit Margin	2.57	-6.22	-3.23	-11.67	3.18	-5.82	1.54	-8.55	6.98	2.37

Reverse DCF

Earnings

Discount Rate (%)

Terminal Multiple

5 YEAR

10 YEAR

20 YEAR

100.10%

Implied Growth Rate over a 5 year period*

37.50%

Implied Growth Rate over a 10 year period*

17.50%

Implied Growth Rate over a 20 year period*

*Implied Growth calculated using Newton-Raphson method.

Learn how to use Reverse DCF

FAQs on V-Mart Retail Ltd. Financials

How strong is V-Mart Retail balance sheet?

Balance sheet of V-Mart Retail is strong.
But short term working capital might become an issue for this company.

Is the debt of V-Mart Retail increasing or decreasing?

Yes, The net debt of V-Mart Retail is increasing.
Latest net debt of V-Mart Retail is ₹110 Crs as of Mar-25.
This is greater than Mar-24 when it was ₹67.47 Crs.

Is the profitablity of V-Mart Retail improving?

The profit is oscillating.
The profit of V-Mart Retail is ₹45.77 Crs for TTM, -₹96.76 Crs for Mar 2024 and -₹7.85 Crs for Mar 2023.

Does V-Mart Retail pay decent dividends?

The company seems to be paying a very low dividend.
Investors need to see where the company is allocating its profits.
V-Mart Retail latest dividend payout ratio is 12.72% and 3yr average dividend payout ratio is 12.72%

How has V-Mart Retail allocated its funds?

Companies resources are allocated to majorly productive assets like Plant & Machinery and unproductive assets like Short Term Loans & Advances

View FAQ's On Shareholding

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V-Mart Retail Ltd.

V-Mart Retail Ltd.

Has the share price of V-Mart Retail grown faster than its competition?

Is V-Mart Retail stock expensive?

How strong is V-Mart Retail balance sheet?

Is the debt of V-Mart Retail increasing or decreasing?

Is the profitablity of V-Mart Retail improving?

Does V-Mart Retail pay decent dividends?

How has V-Mart Retail allocated its funds?

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