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V2 Retail Overview

V2 Retail Ltd is a retail corporation. The Company is engaged within the commercial enterprise of retail sales of garments, textiles, add-ons and purchaser durables merchandise in India. The Company includes at the commercial enterprise as dealer, supplier, agent, distributor, consignor, consignee, store, job work, scourer, spinner, weaver, finisher, dyer, tailor and draper, and cutter of clothes. It is also engaged in the export and import of all garments of women, men, and children. The Company is also engaged within the enterprise of retaili...Read More

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V2 Retail Key Financials

Market Cap ₹7030 Cr.

Stock P/E 97.6

P/B 7.9

Current Price ₹1927.9

Book Value ₹ 243.8

Face Value 10

52W High ₹2572

Dividend Yield 0%

52W Low ₹ 1565.3

V2 Retail Share Price

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Volume
Price

V2 Retail Quarterly Price

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V2 Retail Peer Comparison

V2 Retail Quarterly Results

#(Fig in Cr.) Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Net Sales 231 374 296 415 380 591 499 632 709 929
Other Income 2 3 1 1 3 1 2 1 1 4
Total Income 233 377 297 416 383 592 500 633 710 933
Total Expenditure 211 313 265 360 347 479 441 545 623 755
Operating Profit 22 64 32 57 36 113 60 88 87 178
Interest 12 12 13 14 15 18 21 23 28 22
Depreciation 18 21 19 21 23 26 28 32 38 46
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 28
Profit Before Tax -8 31 0 22 -2 69 10 33 21 138
Provision for Tax -3 8 -4 5 -0 17 4 9 4 36
Profit After Tax -6 24 4 16 -2 51 6 25 17 102
Adjustments 0 0 -0 0 -0 0 -0 0 0 0
Profit After Adjustments -6 24 4 16 -2 51 6 25 17 102
Adjusted Earnings Per Share -1.6 6.8 1 4.7 -0.6 14.8 1.9 7.1 5 28

V2 Retail Profit & Loss

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 TTM
Net Sales 1128 42 110 238 298 701 539 629 839 1165 1884 2769
Other Income 110 4 2 2 3 2 23 16 7 8 7 8
Total Income 1238 46 112 240 301 704 562 645 846 1173 1891 2776
Total Expenditure 1182 50 109 233 270 624 489 562 753 1016 1625 2364
Operating Profit 56 -4 3 7 31 80 73 83 92 157 267 413
Interest 109 8 7 9 10 33 33 39 42 49 70 94
Depreciation 34 3 2 3 2 51 56 59 67 77 99 144
Exceptional Income / Expenses 0 0 0 0 0 13 0 0 0 0 0 28
Profit Before Tax -87 -15 -6 -5 18 9 -15 -15 -17 31 98 202
Provision for Tax -22 16 -2 -1 9 -0 -2 -3 -4 4 26 53
Profit After Tax -65 -31 -4 -5 10 9 -13 -12 -13 28 72 150
Adjustments -0 -4 -1 -0 -0 0 0 0 0 0 0 0
Profit After Adjustments -65 -35 -5 -5 10 9 -13 -12 -13 28 72 150
Adjusted Earnings Per Share -29.1 -13.8 -1.8 -2 4.1 2.6 -3.8 -3.4 -3.7 8 20.8 42

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 62% 44% 22% 5%
Operating Profit CAGR 70% 48% 27% 17%
PAT CAGR 157% 0% 52% 0%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 14% 182% 70% 44%
ROE Average 23% 10% 4% -15%
ROCE Average 41% 24% 17% 10%

V2 Retail Balance Sheet

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Shareholder's Funds 307 275 270 262 274 279 269 258 247 275 346
Minority's Interest 0 0 0 0 0 0 0 0 0 0 0
Borrowings 6 17 32 38 16 5 0 6 7 16 19
Other Non-Current Liabilities -285 -269 -270 -266 -255 252 288 286 303 367 652
Total Current Liabilities 61 50 66 80 107 163 232 215 204 341 577
Total Liabilities 89 73 97 114 142 699 789 765 761 999 1594
Fixed Assets 10 7 9 14 18 339 395 394 408 480 863
Other Non-Current Assets 33 37 38 38 37 52 33 28 27 33 48
Total Current Assets 45 30 50 62 87 308 361 343 326 486 682
Total Assets 89 73 97 114 142 699 789 765 761 999 1594

V2 Retail Cash Flow

#(Fig in Cr.) Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Opening Cash & Cash Equivalents 10 43 10 2 2 8 60 22 7 5 9
Cash Flow from Operating Activities 88 -38 -12 12 35 74 3 59 86 93 223
Cash Flow from Investing Activities 56 -1 -4 -7 -6 7 -20 -16 -12 -39 -131
Cash Flow from Financing Activities -111 6 8 -4 -30 -28 -22 -58 -76 -50 -93
Net Cash Inflow / Outflow 33 -33 -8 0 -1 52 -39 -15 -2 5 -0
Closing Cash & Cash Equivalent 43 10 2 2 1 60 22 7 5 9 9

V2 Retail Ratios

# Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Earnings Per Share (Rs) -29.12 -13.77 -1.82 -2.01 4.14 2.57 -3.77 -3.4 -3.73 8.04 20.83
CEPS(Rs) -14.06 -12.59 -0.8 -0.46 5.02 17.52 12.51 13.71 15.77 30.22 49.35
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 136.74 122.65 120.33 117.16 116.03 81.45 77.68 74.76 70.98 79.42 100.12
Core EBITDA Margin(%) -4.79 -18.89 0.94 2.08 9.5 11.04 9.27 10.65 10.19 12.74 13.78
EBIT Margin(%) 1.96 -16.2 0.79 1.55 9.65 5.91 3.23 3.83 2.99 6.86 8.92
Pre Tax Margin(%) -7.73 -35.81 -5.41 -2.21 6.18 1.24 -2.84 -2.36 -2.02 2.69 5.21
PAT Margin (%) -5.78 -72.51 -3.7 -1.89 3.27 1.25 -2.38 -1.86 -1.53 2.39 3.82
Cash Profit Margin (%) -2.79 -66.39 -1.63 -0.43 3.97 8.52 7.92 7.49 6.47 8.97 9.06
ROA(%) -21.52 -37.88 -4.78 -4.27 7.6 2.09 -1.73 -1.5 -1.68 3.16 5.56
ROE(%) -179.85 -10.6 -1.5 -1.69 3.64 3.19 -4.73 -4.47 -5.11 10.72 23.2
ROCE(%) 4.88 -1.96 0.26 1.07 8.35 12.64 5.47 7.58 8.17 23.99 40.62
Receivable days 0.49 2.62 1.04 0.17 0.15 0.03 0.23 0.57 0.3 0.02 0.01
Inventory Days 0 137.91 101 77.01 82.49 76.65 175.15 171.86 123.93 109.33 94.63
Payable days 39.41 49.75 75.04 56.04 56.35 50.04 119.68 113.83 74.53 71.33 73.64
PER(x) 0 0 0 0 7.89 20.06 0 0 0 52.25 81.97
Price/Book(x) 0.2 0.1 0.07 0.13 0.28 0.63 1.62 1.96 0.97 5.29 17.05
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.07 1.74 0.8 0.49 0.49 0.2 0.85 0.88 0.34 1.32 3.19
EV/Core EBITDA(x) 1.49 -17.26 27.82 16.12 4.7 1.77 6.32 6.66 3.09 9.79 22.54
Net Sales Growth(%) 2.06 -96.24 159.03 116.22 25.44 135.06 -23.18 16.82 33.32 38.84 61.8
EBIT Growth(%) 104.47 -131.13 112.69 322.01 681.45 44.07 -58.1 38.59 4.11 218.79 110.29
PAT Growth(%) 81.96 52.79 86.79 -10.73 316.54 -9.98 -246.24 9.08 -9.76 316.99 159.01
EPS Growth(%) 81.97 52.7 86.8 -10.69 305.6 -37.76 -246.24 9.83 -9.76 315.74 159.01
Debt/Equity(x) 0.21 0.21 0.26 0.32 0.25 0.12 0.2 0.21 0.22 0.33 0.33
Current Ratio(x) 0.74 0.59 0.76 0.77 0.81 1.89 1.56 1.59 1.59 1.43 1.18
Quick Ratio(x) 0.74 0.27 0.08 0.08 0.08 0.57 0.25 0.24 0.23 0.2 0.22
Interest Cover(x) 0.2 -0.83 0.13 0.41 2.79 1.26 0.53 0.62 0.6 1.65 2.41
Total Debt/Mcap(x) 1.04 2.13 3.77 2.45 0.9 0.19 0.13 0.11 0.23 0.06 0.02

V2 Retail Shareholding Pattern

# Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025
Promoter 54.26 54.28 54.28 54.3 54.3 54.3 54.24 54.22 54.22 51.43
FII 6.36 6.36 6.57 6.69 0.8 0.91 1.31 1.9 2.1 3.01
DII 0.37 0.37 0.36 0.43 4.34 5.99 6.7 7.34 7.12 9.12
Public 39.01 38.99 38.79 38.59 40.56 38.81 37.75 36.53 36.56 36.44
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

V2 Retail News

V2 Retail Pros & Cons

Pros

  • Company has delivered good profit growth of 51% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 10% over the last 3 years.
  • Debtor days have increased from 71.33 to 73.64days.
  • Stock is trading at 7.9 times its book value.
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