SEBI Reg. Investment Advisor

Download App

MoneyWorks4Me

V2 Retail Ltd (V2RETAIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532867 NSE: V2RETAIL Retailing | Small Cap | V2 Retail Share Price

₹256.10 10.30 (4.19%)

As on 04-Jun'26 16:59

V2 Retail Ltd (V2RETAIL)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 532867 NSE: V2RETAIL Retailing | Small Cap | V2 Retail Share Price

₹256.10 10.30 (4.19%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹9,338 Cr.
Current Price
₹256.1
52-Week Low / High
₹157 / 257
TTM EPS
₹4.5
TTM Sales
₹3,060 Cr.
Book Value per Share
₹24.8
P/E Ratio
57.17
Lower than its 3-year historical median
Industry PE
70.6
Price to Book (P/B)
10.35
Higher than its 5-year historical median
Price to Sales (P/S)
3.05
Higher than its 5-year historical median
EV/EBITDA
20.19
Higher than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
22.89%
Outperforms industry median
Return on Capital Employed (ROCE)
40.94%
Outperforms industry median
Return on Assets (ROA)
5.65%
Operating Profit Margin
13.5%
Net Profit Margin
3.76%
Gross Profit Margin
10.2%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Improving versus 3-year growth rate
61.8%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
77.94%
Net Profit Growth (1 Year)
-
159.8%
Asset Quality
Promoter Holding
51.43%
Pledged shares (%) of Promoter's holding (%)
1.79%
Reserves
₹866 Cr.
Equity
₹36.5 Cr.
Face Value
₹1
All Time Low / High
₹0.62 / 257.20

V2 Retail stock performance

Key Ratios
mw4me loader

Check Before You Invest

Quality

Locked
Login to view analysis.

Valuation

Locked
Login to view analysis.

Price Trend

Locked
Login to view analysis.
Q.1 Is V2 Retail Ltd a good quality company?
V2 Retail Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does V2 Retail Ltd performance compare with that of its Peers?
Q.1 Revenue growth of V2 Retail Ltd vs industry peers?
V2 Retail Ltd revenue CAGR is 21.86%, compared to the industry median CAGR of 0.00%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of V2 Retail Ltd?
Promoters hold 51.43% of the V2 Retail Ltd, with 1.79% of their stake pledged, indicating low pledge risk.
Q.1 Stock return of V2 Retail Ltd over the last decade?
Over the last 9 year(s), the stock has delivered a CAGR of 42.6% based on the current price.

10 Year X-Ray : Login to view analysis.

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
V2 Retail Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 9.2%22%22.1%6.3%14.1%5.9%7%7.5%24.2%40.9%-
Value Creation
Index
-0.30.60.6-0.60-0.6-0.5-0.50.72.0-

Growth Parameters

Sales 3344725597487015396298391,1651,8853,060
Sales YoY Gr.-41.5%18.5%33.8%-6.3%-23.2%16.8%33.3%38.8%61.8%-
Adj EPS 0.41.10.910-0.3-0.4-0.40.82.14.5
YoY Gr.-184.2%-15.7%13.2%-96.1%-900%NANANA159.5%-
BVPS (₹) 11.6588.68.27.97.57.17.91024.8
Adj Net
Profit
9.433.330.935.11.4-11-13.3-14.627.270.8163
Cash Flow from Ops. -15.1-0.727.3-48.194.3-15.461.38085.3213-
Debt/CF from Ops. -6.5-11.70-0.20.3-3.30.80.60.90.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 21.2%21.9%44.1%61.8%
Adj EPS 20.6%119.8%NA159.5%
BVPS-1.6%4%9.8%25.6%
Share Price 47.4% 82.7% 190.5% 38.8%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
3.314.714.312.30.5-4-5-5.810.422.925.8
Op. Profit
Mgn %
9.59.19.66.611.29.3109.612.313.515.2
Net Profit
Mgn %
2.87.15.54.70.2-2.1-2.1-1.72.33.85.3
Debt to
Equity
0.30.1000.10.20.20.20.30.30
Working Cap
Days
12311312413415621120314712511368
Cash Conv.
Cycle
6140324849938664563914

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales3344725597487015396298391,1651,884
Operating Expenses + 3024295066996234885667591,0221,630
Manufacturing Costs7112131292426394157
Material Costs2243333795065053804415968451,367
Employee Cost 233348756248588293138
Other Costs 47525787263741424369
Operating Profit 3243544979506380143254
Operating Profit Margin (%) 9.5%9.1%9.6%6.6%11.2%9.3%10.0%9.6%12.3%13.5%
Other Income + 3231022216685
Exceptional Items 4230-271300000
Interest 141033323238414768
Depreciation 46814505457647395
Profit Before Tax 2052461510-13-16-193197
Tax 81315-50-2-3-4326
Profit After Tax 1239312010-11-13-142771
PAT Margin (%) 3.7%8.3%5.6%2.7%1.5%-2.1%-2.1%-1.7%2.3%3.8%
Adjusted EPS (₹)0.51.30.90.60.3-0.3-0.4-0.40.82.1
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of V2 Retail - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 288156270294279268259244275345
Share Capital 25313434343434343535
Reserves 263125236260245234225210240310
Debt +4390102350494677106
Long Term Debt00011000413
Short Term Debt43909235049467393
Minority Interest0000000000
Trade Payables376510013910411711293159317
Others Liabilities -174-101410280335325350428804
Total Liabilities 1952203854536867707457349381,572

Fixed Assets

Net Fixed Assets +295163100330382375389449842
Gross Block3967871385036096576557791,244
Accumulated Depreciation10162539173227283266330402
CWIP 4474450004
Investments 250900151515151515
Inventories109115160271196265267246360526
Trade Receivables00001311000
Cash Equivalents 365868167278
Others Assets 2444617061868081107177
Total Assets 1952203854536867707457349381,572

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -15-127-4894-15618085213
PBT 1628461510-13-16-193197
Adjustment 15141014677787108131152
Changes in Working Capital -47-43-28-7918-80-10-10-76-11
Tax Paid 0-0-02-0-011-0-25
Cash Flow From Investing Activity + -9-12-11041-5-16-12-9-29-128
Capex -9-13-23-51-8-23-11-10-28-128
Net Investments 00-889106-01-00
Others 0011200000
Cash Flow From Financing Activity + 26168111-37-14-59-75-52-83
Net Proceeds from Shares 946830000000
Net Proceeds from Borrowing 28001-0-1-00511
Interest Paid -11-9-1-0-2-1-36-40-46-65
Dividend Paid 0000000000
Others 0-21-29-34-13-23-35-11-29
Net Cash Flow 23-1452-45-9-441

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)4.3317.614.597.263.54-4.03-4.9-5.7610.5222.89
ROCE (%)9.1822.0422.086.2614.065.916.997.4724.1740.94
Asset Turnover Ratio1.982.281.851.791.230.740.831.131.391.5
PAT to CFO Conversion(x)-1.25-0.030.87-2.49.4N/AN/AN/A3.153
Working Capital Days
Receivable Days0.200.10006.804.600.600.3000
Inventory Days102.9086.4089.70105.20121.60156.40154.50111.809585.80
Payable Days5856.2079.7086.4087.90106.2094.9062.8054.5063.60

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.001.79
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

V2 Retail Ltd FAQs

The current trading price of V2 Retail on 04-Jun-2026 16:59 is ₹256.1.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of V2 Retail stood at ₹9,338.4 Cr

The latest P/E ratio of V2 Retail as of 03-Jun-2026 is 57.17.

The latest P/B ratio of V2 Retail as of 03-Jun-2026 is 10.35.

The 52-week high of V2 Retail is ₹257.2 and the 52-week low is ₹157.2.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of V2 Retail is ₹3,060 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that V2 Retail Ltd is a average quality company.

The key valuation ratios of V2 Retail Ltd's currently when compared to its past seem to suggest it is in the Overvalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Strong which suggest that the price of V2 Retail Ltd is likely to Rise in the short term. However, please check the rating on Quality and Valuation before investing

About V2 Retail Ltd

V2 Retail Limited formerly known as Vishal Retail Limited (the Company) is a public Company domiciled in India and incorporated under the provisions of Companies Act, 1956. With more than 25 years of experience, the company is now one of the India’s Fastest Growing Retail Chain Companies. Since beginning V2 Retail hasn’t look back and aimed to reach new heights every now and then. With the guidance of Chairman - Mr. Ram Chandra Agarwal, the company has pioneered in managing massive retail space with a firm belief in fundamentals of value and variety to billions of retail consumers. At present, the company owned many retail stores in various states of the country including Delhi-NCR, Bihar, Uttar Pradesh, Odisha, Assam, Jharkhand, Uttarakhand, Karnataka, Himachal Pradesh, Arunachal Pradesh, Madhya Pradesh, Tripura, J&K, Rajasthan, Telangana & Goa.

Business area of the company

The company offers an unparalleled retail mix combined with value and variety to its shoppers. This fashion avenue gives an extraordinary experience with an embracing portfolio of product offerings. The company offers complete Value for money to the shoppers through its large Variety of Smart, Trendy, Fashionable apparels across categories under one roof.

Company’s brands

  • Ebellia
  • Glamora
  • Godspeed
  • Herrlich
  • Honey Brats

Milestones

  • 2001: Incorporated in 2001 as Vishal Megamart Limited.
  • 2011: Brand “Vishal”sold to start a new journey.Started again with name V2 Retail Ltd.
  • 2012: First Store in Jamshedpur.
  • 2013: Turnover crossed 100 crores.
  • 2014: Store increased to 16 with more than 2 Lac sq. feet of retail space. Turnover crossed 225 crores.
  • 2016: The number of stores increased to 22 with an aggregate of more than 2.60 lacs sq. feet of retail space. Turnover crossed 315 cr.
  • 2017: The number of stores increased to 37 and annual turnover crossed 470 crores.
  • 2018 The number of stores increased to 77 stores with 9+Lakhs sq. feet of retail space.
  • 2020: The number of stores increased to 96 stores with 9+ Lakhs sq. feet of retail space and annual turnover crossed 701.2 crores.
  • 2021: The company stores increased to 95 stores spread across 16 states and 83 cities with a total retail area of 9.96 lac Sq. Ft.
To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through:

×