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V-Mart Retail

₹2108.5 -16 | 0.8%

Market Cap ₹4170 Cr.

Stock P/E -110.1

P/B 5.3

Current Price ₹2108.5

Book Value ₹ 400.1

Face Value 10

52W High ₹2441.9

Dividend Yield 0%

52W Low ₹ 1591

V-Mart Retail Research see more...

Overview Inc. Year: 2002Industry: Retailing

V-Mart Retail Ltd operates a chain of value retail departmental stores in India. Its shops offer a number of products, together with apparels, footwear, add-ons, and fashionable merchandise for men, women, boys, girls, and toddlers, as well as home fixtures, toys and video games, bags, kirana, crockery and utensils, and other products. As of May 2, 2022, the company operated a community of 381 shops. The business enterprise additionally gives its merchandise on line. V-Mart Retail Ltd was established in 2002 and is based in Gurugram, India.

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V-Mart Retail Share Price

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Peer Comparison

V-Mart Retail Quarterly Results

#(Fig in Cr.) Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Jun 2023 Sep 2023 Dec 2023
Net Sales 177 338 692 459 588 506 777 679 549 889
Other Income 5 4 3 3 4 3 1 2 2 13
Total Income 182 342 695 462 592 509 778 680 551 902
Total Expenditure 179 317 557 408 499 453 673 626 549 769
Operating Profit 3 25 138 53 93 56 104 54 3 133
Interest 16 17 21 24 25 28 31 33 36 38
Depreciation 25 27 40 38 40 44 47 50 53 58
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax -39 -19 76 -8 28 -16 26 -29 -86 37
Provision for Tax -10 -5 19 -5 7 -4 6 -7 -22 9
Profit After Tax -29 -14 57 -3 20 -11 20 -22 -64 28
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments -29 -14 57 -3 20 -11 20 -22 -64 28
Adjusted Earnings Per Share -14.6 -7.2 28.9 -1.3 10.3 -5.7 10.1 -11.1 -32.4 14.3

V-Mart Retail Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 383 575 720 809 1002 1222 1434 1662 1075 1666 2465 2894
Other Income 1 1 2 1 4 4 6 4 21 14 15 18
Total Income 384 576 722 810 1006 1227 1440 1667 1097 1680 2480 2911
Total Expenditure 344 523 657 745 914 1086 1297 1443 940 1457 2188 2617
Operating Profit 40 53 66 65 92 141 143 223 156 223 292 294
Interest 6 4 4 5 7 5 6 60 63 82 125 138
Depreciation 8 11 5 19 19 23 28 94 103 131 180 208
Exceptional Income / Expenses 0 0 -2 1 0 0 -10 0 0 0 0 0
Profit Before Tax 27 38 55 42 67 112 100 70 -10 10 -13 -52
Provision for Tax 9 13 18 15 23 35 38 20 -3 -1 -5 -14
Profit After Tax 18 25 37 28 44 78 62 49 -6 12 -8 -38
Adjustments 0 0 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 18 25 37 28 44 78 62 49 -6 12 -8 -38
Adjusted Earnings Per Share 10 14 20.7 15.3 24.3 42.9 34 27.2 -3.1 5.9 -4 -19.1

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 48% 14% 15% 20%
Operating Profit CAGR 31% 9% 16% 22%
PAT CAGR -167% NAN% NAN% NAN%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 0% -8% -4% 22%
ROE Average -1% -0% 5% 12%
ROCE Average 12% 10% 18% 22%

V-Mart Retail Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 148 170 205 231 270 347 409 459 825 850 849
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 2 0 2 0 1 0 0 0 0 0 0
Other Non-Current Liabilities 0 1 6 6 -1 -1 -1 428 513 815 1067
Total Current Liabilities 83 132 131 206 213 194 211 321 270 396 773
Total Liabilities 233 303 344 443 483 541 620 1208 1608 2061 2689
Fixed Assets 47 70 98 110 117 145 165 667 697 1111 1445
Other Non-Current Assets 22 29 22 32 23 29 33 23 23 52 186
Total Current Assets 163 205 223 301 342 367 422 518 888 898 1058
Total Assets 233 303 344 443 483 541 620 1208 1608 2061 2689

V-Mart Retail Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 1 15 2 3 2 3 14 12 5 22 30
Cash Flow from Operating Activities 10 11 40 46 69 58 76 86 149 -11 181
Cash Flow from Investing Activities -62 -27 -19 -37 -73 -8 -73 1 -419 124 -159
Cash Flow from Financing Activities 67 2 -20 -10 5 -38 -4 -94 287 -104 -37
Net Cash Inflow / Outflow 14 -14 1 -1 1 11 -1 -8 17 8 -15
Closing Cash & Cash Equivalent 15 2 3 2 3 14 12 5 22 30 15

V-Mart Retail Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 10.03 14.01 20.74 15.29 24.3 42.94 33.99 27.18 -3.15 5.89 -3.97
CEPS(Rs) 14.27 20.07 23.28 25.86 34.57 55.61 49.23 78.91 49.11 72.07 87.06
DPS(Rs) 1 1 1.5 1.25 1.25 2 1.7 0 0 0.75 0
Book NAV/Share(Rs) 82.22 94.75 113.74 127.63 148.96 191.09 223.68 249.6 415.3 424.83 422.93
Core EBITDA Margin(%) 10.21 9.09 8.83 7.94 8.79 11.18 9.55 13.16 12.56 12.55 11.22
EBIT Margin(%) 8.44 7.32 8.26 5.91 7.35 9.65 7.35 7.78 4.94 5.55 4.53
Pre Tax Margin(%) 6.94 6.58 7.68 5.23 6.67 9.2 6.96 4.18 -0.9 0.62 -0.53
PAT Margin (%) 4.7 4.38 5.19 3.41 4.38 6.36 4.3 2.97 -0.58 0.7 -0.32
Cash Profit Margin (%) 6.68 6.27 5.82 5.77 6.23 8.23 6.23 8.62 9 8.54 6.98
ROA(%) 9.54 9.38 11.55 7.02 9.48 15.18 10.62 5.4 -0.44 0.63 -0.33
ROE(%) 17.84 15.83 19.93 12.69 17.57 25.27 16.4 11.49 -0.98 1.4 -0.94
ROCE(%) 23.24 21.19 26.48 19.39 26.12 36.07 27.81 29.74 8.26 11.03 12.08
Receivable days 0 0 0 0 0 0 0 0 0 0 0
Inventory Days 94.09 88.38 88.92 87.42 86.28 86.04 80.97 88.6 153.78 120.11 113.94
Payable days 49.54 46.88 50.48 54.58 66.36 71.81 59.26 55.91 97.98 80.66 89.01
PER(x) 16.89 20.49 27.45 30.73 33.9 44.13 79.29 51.97 0 673.81 0
Price/Book(x) 2.06 3.03 5 3.68 5.53 9.92 12.05 5.66 6.67 9.35 5.1
Dividend Yield(%) 0.59 0.35 0.26 0.27 0.15 0.11 0.06 0 0 0.02 0
EV/Net Sales(x) 0.84 0.97 1.46 1.08 1.52 2.79 3.39 1.54 5.05 4.69 1.78
EV/Core EBITDA(x) 8.1 10.51 15.98 13.32 16.51 24.22 34.09 11.47 34.77 35 15.07
Net Sales Growth(%) 36.04 49.94 25.26 12.37 23.78 22.03 17.29 15.92 -35.29 54.93 47.93
EBIT Growth(%) 43.96 30.02 41.43 -19.65 53.93 60.21 -10.64 22.75 -58.93 73.96 20.74
PAT Growth(%) 72.21 39.73 48.53 -26.05 58.89 76.99 -20.69 -19.93 -112.57 287.66 -167.43
EPS Growth(%) 33.75 39.73 48.07 -26.26 58.87 76.7 -20.83 -20.04 -111.58 287.25 -167.35
Debt/Equity(x) 0.24 0.26 0.15 0.12 0.13 0 0 0 0 0 0.18
Current Ratio(x) 1.97 1.55 1.7 1.46 1.6 1.89 1.99 1.61 3.29 2.27 1.37
Quick Ratio(x) 0.64 0.28 0.31 0.47 0.34 0.31 0.49 0.12 1.71 0.58 0.24
Interest Cover(x) 5.63 9.91 14.28 8.7 10.87 21.7 18.99 2.16 0.85 1.13 0.9
Total Debt/Mcap(x) 0.12 0.08 0.03 0.03 0.02 0 0 0 0 0 0.03

V-Mart Retail Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 46.4 46.2 46.14 46.1 45.79 44.34 44.34 44.33 44.33 44.33
FII 21.14 20.23 18.19 11.51 11.17 14.16 14.82 14.28 14.32 15.32
DII 22.03 23.23 25.56 31.51 32.67 31.82 30.97 32.64 34 33.99
Public 10.43 10.33 10.1 10.87 10.37 9.67 9.87 8.74 7.35 6.36
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company is almost debt free.

Cons

  • Promoter holding is low: 44.33%.
  • Company has a low return on equity of -0% over the last 3 years.
  • Debtor days have increased from 80.66 to 89.01days.
  • Stock is trading at 5.3 times its book value.

* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.

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