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Vishal Mega Mart Ltd

₹ 135-1.04%
05 Jan – close price
🔗aboutvishal.com•BSE: 544307•NSE: VMM
Market Cap₹ 62,871 Cr.
Current Price₹ 135
High / Low₹ 158
Stock P/E115
Book Value₹ 14.2
Dividend Yield0.00 %
ROCE10.1 %
ROE7.62 %
Face Value₹ 10.0
Sales₹ 6,276 Cr.
OPM13.5 %
Mar Cap₹ 62,871 Cr.

ABOUT

Incorporated In 2001, Vishal Mega Mart is a hypermarket chain that sells a wide range of products like apparel, groceries, electronics, and home essentials.[1]

KEY POINTS

Business Profile[1]Vishal Mega Mart Limited (formerly Rishanth Wholesale Trading Pvt Ltd) is a diversified retail company catering to middle and lower-middle-income groups in India. It offers products under three categories: apparel, general merchandise, and fast-moving consumer goods (FMCG). It operates 645 stores across 414 cities in India, complemented by an e-commerce platform (website and mobile app). The company utilizes a hub-and-spoke distribution model for efficient operations.

Also present in buckets:
Aggressive Growth TriggersExcellent ResultsRevenue GuidanceAsset Base ExpansionCapacity Expansion And ProductsPreferential IssuanceOrder Book PositionJv Partnerships AcquisitionsRed Flags And Poor Performance

Peer Comparision

S.No.NameCurrent Price (Rs.)Price to EarningMarket Capitalization (Rs.Cr.)Dividend yield (%)Net Profit latest quarter (Rs.Cr.)YOY Quarterly profit growth (%)Sales latest quarter (Rs.Cr.)YOY Quarterly sales growth (%)Return on capital employed (%)Sales (Rs.Cr.)OPM (%)Profit after tax (Rs.Cr.)Profit after tax latest quarter (Rs.Cr.)Price to book valueReturn on assets (%)Debt to equity
1.Avenue Super.3646.3086.83237276.800.00684.853.8616676.3015.4517.9563880.417.332732.60685.0110.3711.860.07
2.Vishal Mega Mart134.54115.3962870.580.00131.4625.031746.2923.1510.146276.2113.52544.86131.469.466.010.02
3.V-Mart Retail735.8058.025845.120.00-8.8784.30806.8722.078.503498.9012.50100.75-8.876.910.910.95
4.Shoppers Stop388.25261.954275.100.00-20.11-8.231256.6212.717.964861.1715.5816.32-20.1114.870.1911.56
5.Electronics Mart103.1043.483966.760.0016.14-73.131590.9719.1410.356879.435.7991.236.292.554.751.26
6.Patel Retail201.1522.74671.850.0010.1473.33222.4413.8817.33820.687.1125.2510.141.827.050.34
7.Spencer's Retail41.14–370.800.00-63.7926.83445.15-14.07-9.721789.83-0.55-241.15-63.79–-17.76–
–Median: 10 Co.149.7543.482319.310.05.1425.93626.0114.6612.542644.367.2223.965.143.594.230.4

Quarterly Results

Standalone figures in ₹ crores

Dec 2023Dec 2024Jun 2024Jun 2025Mar 2024Mar 2025Sep 2024Sep 2025
Sales
1,8141,3921,6681,6691,5051,4691,4181,746
Expenses
1,6071,1911,4571,4031,3841,2931,2461,541
Operating Profit
207201211267121175172206
Other Income
8175145131017
Profit before tax
17417417423685144140176
Tax %
25%26%25%25%25%25%25%25%
Net Profit
13113013117763107105131
EPS in Rs
0.290.290.290.380.140.230.230.28

Profit & Loss

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales
4,0693,0254,1995,6196,2395,9476,276
Expenses
3,6562,7653,7745,1545,6775,1875,427
Operating Profit
413260425466561760849
Other Income
13161920214461
Interest
1141067131161212
Depreciation
104111117126142160167
Profit before tax
20859257329425632730
Net Profit
12639191247318473545
EPS in Rs
0.290.090.420.550.701.031.18
Dividend Payout %
0%0%0%0%0%0%–

Compounded Profit Growth

10 Years:%
5 Years:30%
3 Years:32%
TTM:27%

Compounded Sales Growth

10 Years:%
5 Years:8%
3 Years:12%
TTM:-2%

Return on Equity

10 Years:%
5 Years:5%
3 Years:6%
Last Year:8%

Stock Price CAGR

10 Years:%
5 Years:%
3 Years:%
1 Year:25%

Balance Sheet

Standalone figures in ₹ crores

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital
4,3664,4844,5034,5074,5094,5974,671
Reserves
1672844917451,0661,5991,973
Borrowings
79377044893136133131
Other Liabilities
1,3961,5131,6111,7271,4111,4651,561
Total Liabilities
6,7217,0527,0547,0727,1227,7958,336
Fixed Assets
4,6574,6194,5854,5614,7214,7074,692
Gross Block
4,8814,9525,0245,1155,4235,504–
Accumulated Depreciation
224333439555701797–
CWIP
16796736910
Investments
87621492110754621,039
Other Assets
1,9601,8041,9682,3342,2892,6172,594
Total Assets
6,7217,0527,0547,0727,1227,7958,336

Cash Flows

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity
243665233110142494
Cash from Investing Activity
-78-65997255-35-473
Cash from Financing Activity
-16057-370-387-10675
Net Cash Flow
563-40-23195

Ratios

Standalone Figures in ₹ Crores / Yearly

Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days
146161133118105134
Inventory Days
172722212418
Days Payable
1081641331037373
Cash Conversion Cycle
552421365679
Working Capital Days
543623375667
ROCE %
–3%6%7%8%10%

Shareholding Pattern

Numbers in percentages

Dec 2024Mar 2025Jun 2025Sep 2025
Promoters
76.02%74.55%54.22%54.11%
FIIs
6.58%7.03%12.85%15.40%
DIIs
9.90%12.22%27.31%25.42%
Public
7.51%6.20%5.61%5.08%

* The classifications might have changed from Sep'2022 onwards.ℹ️

BSE Announcements AI Summary

Direct from BSE filings, auto-summarised

Vishal Mega Mart Appoints Tapan Kulshrestha as VP & Head - Supply Chain

2nd April 2026, 4:31 am

Vishal Mega Mart Approves Grant of 5 Lakh Stock Options

1st April 2026, 9:14 pm

Vishal Mega Mart Subsidiary Faces Rs 3.29 Crore Tax Demand Order

31st March 2026, 8:00 pm

Vishal Mega Mart Receives Tax Order of Rs. 71,85,432; No Material Impact Expected

24th March 2026, 11:54 pm

Vishal Mega Mart to Close Trading Window from April 1, 2026, for Financial Results

24th March 2026, 4:28 pm

Published by Other Websites

External media mentions & references

Markets Rebound: 8 New F&O Stocks, EV Tax Reversal & Buffett on Inflation

1st April 2026, 11:23 am

Eight Stocks Join F&O Today: Adani Power, Hyundai India Lead New Entrants

1st April 2026, 9:25 am

Kotak Splits Portfolio Post-Market Drop, Unlocks Mid-Cap Value

30th March 2026, 2:36 pm

Vishal Mega Mart Slips Below ₹100 Despite Brokerage Upgrade

23rd March 2026, 1:03 pm

Vishal Mega Mart Promoter Sells 14% Stake for ₹7,635 Cr; Stock Dips

28th February 2026, 1:10 pm

News Articles

Editorial & research coverage

JM Financial's 10 Growth Picks: Value or Volatility?
JM Financial's 10 Growth Picks: Value or Volatility?

11th February 2026, 6:11 am

Vishal Mega Mart: Motilal Oswal Backs INR 170 TP
Vishal Mega Mart: Motilal Oswal Backs INR 170 TP

30th January 2026, 9:16 pm

VMML Stock Dips on SSSG Concerns Despite Profit Surge
VMML Stock Dips on SSSG Concerns Despite Profit Surge

29th January 2026, 1:25 pm

Vishal Mega Mart Sinks Despite 19% Profit Growth
Vishal Mega Mart Sinks Despite 19% Profit Growth

28th January 2026, 10:50 am

Market Movers: Banks Mixed, Industrials Surge, Pharma Faces Scrutiny
Market Movers: Banks Mixed, Industrials Surge, Pharma Faces Scrutiny

27th January 2026, 7:08 am

Documents

Announcements

Disclosure Under Regulation 30 Of SEBI (LODR) Regulations, 2015

29 Dec - CGST Section 73 order to Airplaza Retail (subsidiary) on Dec 29, 2025: tax ₹16,31,259 and penalty ₹1,63,126.

Closure of Trading Window
Shareholder Meeting / Postal Ballot-Outcome of Postal_Ballot

18 Dec - Members approved Vageesh Gupta (Non-exec) and Yogesh Yadav (Independent, Nov13,2025–Nov12,2030) on Dec17,2025.

Shareholder Meeting / Postal Ballot-Scrutinizer"s Report

18 Dec - Members approved Vageesh Gupta (Non‑Exec) and Yogesh Yadav (Independent, Nov13,2025–Nov12,2030) on Dec 17, 2025.

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

10 Dec - Of schedule of Analyst/Institutional Investors Meeting under the SEBI (LODR) Regulations, 2015

Annual Reports

Financial Year 2025

(from bse)

Credit Ratings

Rating update

3 Jun 2025 from fitch

Rating update

4 Mar 2024 from fitch

Rating update

5 Dec 2022 from fitch

Rating update

7 Sep 2021 from fitch

Concalls

Nov 2025

TranscriptPPTRecording

Aug 2025

TranscriptPPTRecording

May 2025

Transcript

May 2025

TranscriptPPTRecording

Stock Analysis

Description

  1. Vishal Mega Mart Limited is a hypermarket chain operating in India, offering a diverse range of products including apparel, groceries, and home essentials. The company caters to middle and lower-middle-income groups, utilizing a hub-and-spoke distribution model and an e-commerce platform.

Key Growth Triggers

  1. Strong Same-Store Sales Growth (SSSG) of 11.4% indicating healthy footfall.
  2. Growing contribution from private brands (75.8% of revenue).
  3. Successful expansion of QuickCommerce offering to 670 stores.
  4. Plans to accelerate the rollout of smaller format stores.
  5. Management confidence in sustaining growth momentum across all city tiers.

Order Book

Currently no data available for Order Book.

Key Red Flags

Currently no data available for Key Red Flags.

Key Dates To Watch

  1. January 09, 2026: Effective date for the resignation of Mr. S Raamesh, Vice President - Supply Chain.

Corporate Announcements

1st Apr 26
Impact Rating: 8
Vishal Mega Mart has appointed Tapan Kulshrestha as its new Vice President & Head - Supply Chain and Senior Management Personnel, with the appointment effective from April 1, 2026.
1st Apr 26
Impact Rating: 4
Vishal Mega Mart Limited has approved the grant of 5,00,000 employee stock options under its 2019 plan. These options are exercisable at Rs. 105 per share.
31st Mar 26
Impact Rating: 8
Vishal Mega Mart Limited announced its subsidiary received an Income Tax order for FY 2019-20, raising a demand of Rs. 3,28,86,743 due to alleged non-deduction of TDS and interest.
24th Mar 26
Impact Rating: 6
Vishal Mega Mart has received an order from the Assistant Commissioner concerning excess Input Tax Credit for FY 2019-20, totaling Rs. 71,85,432 in demand, interest, and penalty. No material impact on business operations is anticipated.
24th Mar 26
Impact Rating: 5
Vishal Mega Mart Limited announced the closure of its trading window from April 1, 2026, until 48 hours post-financial results declaration for the quarter/year ending March 31, 2026, to comply with SEBI insider trading norms, restricting Designated Persons.