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Meesho Ltd (MEESHO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544632 NSE: MEESHO e-Commerce | Mid Cap | Meesho Share Price

₹208.05 1.00 (0.48%)

As on 26-Aug'26 16:59

Meesho Ltd (MEESHO)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544632 NSE: MEESHO e-Commerce | Mid Cap | Meesho Share Price

₹208.05 1.00 (0.48%)

As on 26-Aug'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹96,220 Cr.
Current Price
₹208.1
52-Week Low / High
₹126 / 255
TTM EPS
₹3.1
TTM Sales
₹6,442 Cr.
Book Value per Share
₹72.5
P/E Ratio
67.32
Industry PE
105.1
Price to Book (P/B)
2.87
Lower than its 5-year historical median
Price to Sales (P/S)
14.94
Higher than its 5-year historical median
EV/EBITDA
59.61
Higher than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
163.60%
Return on Capital Employed (ROCE)
158.57%
Return on Assets (ROA)
131.16%
Operating Profit Margin
-5.9%
Net Profit Margin
428.33%
Gross Profit Margin
18%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
23.28%
Operating Profit Growth (1 Year)
-
-
Net Profit Growth (1 Year)
-
-
Asset Quality
Promoter Holding
16.41%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹33,052 Cr.
Equity
₹462.5 Cr.
Face Value
₹1
All Time Low / High
₹125.70 / 254.65

Meesho stock performance

Key Ratios
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Check Before You Invest

Valuation

Undervalued

Price Trend

Strong
Q.1 Is Meesho Ltd a good quality company?
Meesho Ltd is a weak quality company, based on a inconsistent 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 Meesho Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Meesho Ltd vs industry peers?
Meesho Ltd revenue CAGR is 98.20%, compared to the industry median CAGR of 32.69%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Meesho Ltd?
Promoters hold 16.41% of the Meesho Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Meesho Ltd over the last decade?
Over the last - year(s), the stock has delivered a CAGR of N/A% based on the current price.

10 Year X-Ray :

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.
Meesho Ltd has not performed well majority of the past ten years indicating its past ten year financial track record is not good

Value Creation

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % -52.1%-76%-129.8%-1,037.5%-126.3%-14.1%-74%-
Value Creation
Index
-5.6-7.8-12.5-93.2-12.2-2.3-7.6-

Growth Parameters

Sales 803077933,2325,7357,6159,3886,442
Sales YoY Gr.-283.5%158.3%307.7%77.4%32.8%23.3%-
Adj EPS -0.8-1.6-2.7-10.9-4.50-230.63.1
YoY Gr.-NANANANANANA-
BVPS (₹) 1.53.30.80.84.8052.472.5
Adj Net
Profit
-103-307-499-3,292-1,711-330-3,0311,429
Cash Flow from Ops. -72.2-305-247-2,113-2,303226543-
Debt/CF from Ops. 0000000-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NA98.2%42.7%23.3%
Adj EPS NANANANA
BVPSNA74.1%301.4%NA
Share Price - - - -

Key Financial Parameters

Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
-53.6-76.1-129.9-1051.7-129.1-14.9-161.35
Op. Profit
Mgn %
-130.3-110.8-67.6-104.1-31.4-6.4-5.9-3
Net Profit
Mgn %
-128.1-99.9-62.9-101.9-29.8-4.3-32.322.2
Debt to
Equity
0000000-
Working Cap
Days
0658666691079652
Cash Conv.
Cycle
0-19-16-40-60-43-3932

Valuation of Meesho - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Financials

PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales803077933,2325,7357,6159,3886,381
Operating Expenses + 1846471,3286,5987,5338,1009,9436,650
Manufacturing Costs0612101917910571
Material Costs00000000
Employee Cost 32107149509726751830319
Other Costs 1535341,1675,9886,7167,2699,0086,260
Operating Profit -104-340-536-3,366-1,799-485-555-269
Operating Profit Margin (%) -130.0%-110.0%-67.6%-104.0%-31.4%-6.4%-5.9%-4.2%
Other Income + 542461271552445111,425
Exceptional Items 00000-13-1,31226,377
Interest 11001679
Depreciation 089930583444
Profit Before Tax -100-307-499-3,248-1,675-318-1,39727,480
Tax 0000002,487148
Profit After Tax -100-307-499-3,248-1,675-318-3,88327,331
PAT Margin (%) -125.0%-99.9%-62.9%-100.0%-29.2%-4.2%-41.4%428.3%
Adjusted EPS (₹)-0.8-1.6-2.7-10.8-4.40.0-295.059.9
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 1916141532451,8191,31168732,725
Share Capital 3446800456
Reserves 1896111502391,8111,31168732,268
Debt +00000000
Long Term Debt00000000
Short Term Debt00000000
Minority Interest00000000
Trade Payables65802861,3258298701,065621
Others Liabilities 4393001,0469051,9865,5061,072
Total Liabilities 2607337392,6163,5534,1687,25834,418

Fixed Assets

Net Fixed Assets +3148355611296190
Gross Block422244994184180301
Accumulated Depreciation081614387284111
CWIP 00002000
Investments 2006033581,1982,0537545,00630,654
Inventories00000000
Trade Receivables28151540000987
Cash Equivalents 194672518151139370655
Others Assets 10561488651,2913,1631,7871,932
Total Assets 2607337392,6163,5534,1687,25834,418
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity + -72-305-247-2,113-2,303226543-5,637
PBT -100-307-499-3,248-1,675-318-1,39727,480
Adjustment -2-13191021588445-27,674
Changes in Working Capital 31172341046-6324691531-2673
Tax Paid -0-2-1-12-10-13-36-2,769
Cash Flow From Investing Activity + -196-371278-907-1,289-171-2,6451,774
Capex -4-8-3-33-36-35-23-102
Net Investments -192-357281-874-1,329-191-2,9174,614
Others 0-6007655294-2,738
Cash Flow From Financing Activity + 283706-53,3723,263-112,1054,101
Net Proceeds from Shares 28371203,3753,27502,2974,251
Net Proceeds from Borrowing 00000000
Interest Paid 0000-0-6-6-5
Dividend Paid 00000000
Others -0-6-5-3-11-6-186-144
Net Cash Flow 153025353-328433239
PARTICULARSMar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)-52.51-76.13-129.88-1629.19-162.28-20.35-388.66163.6
ROCE (%)-52.12-75.98-129.83-1037.51-126.32-14.13-73.96158.57
Asset Turnover Ratio0.310.621.081.931.861.981.650.31
PAT to CFO Conversion(x)N/AN/AN/AN/AN/AN/AN/A-0.21
Working Capital Days
Receivable Days127.3025.3038.80000056.40
Inventory Days00000000
Payable Days00000000

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Meesho Ltd FAQs

The current trading price of Meesho on 26-Aug-2026 16:59 is ₹208.1.

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 25-Aug-2026 the market cap of Meesho stood at ₹96,220.4 Cr

The latest P/E ratio of Meesho as of 25-Aug-2026 is 67.32.

The latest P/B ratio of Meesho as of 25-Aug-2026 is 2.87.

The 52-week high of Meesho is ₹254.7 and the 52-week low is ₹125.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Meesho is ₹6,442 ( Cr.) .

Past 10 year’s financial track record analysis by Moneyworks4me indicates that Meesho Ltd is a below average quality company.

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

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

About Meesho Ltd

Meesho was originally incorporated as ‘FashNear Technologies Private Limited’ on August 13, 2015. Thereafter, the name of the company was changed to ‘Meesho Private Limited’ on May 13, 2025. Upon the conversion of the company into a public limited company, pursuant to a resolution passed by its Board dated June 5, 2025 and a special resolution passed by its shareholders dated June 5, 2025, the name of the company was changed to ‘Meesho Limited’, on June 10, 2025.

The company is a multi-sided technology platform driving e-commerce in India by bringing together four key stakeholders - consumers, sellers, logistics partners and content creators. Its value-focused ecommerce marketplace serves consumers from diverse income backgrounds across India by offering ‘Everyday Low Prices’. This is made possible by providing a low-cost channel for sellers, which in turn allows them to offer a wide assortment of products at affordable prices to consumers. Sellers on the company includes manufacturers, wholesalers, and traders. It engages with logistics partners, encompassing first and last-mile delivery businesses, sorting centres, and truck operators, to ensure cost efficient order fulfilment. Content creators on Meesho enhance product discovery and drive sales by sharing engaging content. Its platform is designed to deliver a personalised discovery led shopping experience to consumers, making online shopping easy and engaging for consumers. It monetizes its platform through services that are provided to sellers such as order fulfilment, advertising, and data insights.

Its value focused platform is designed to serve all segments of consumers across India by making ecommerce affordable, accessible and engaging. It is focused on providing ‘Everyday Low Prices’ to consumers. Its technology-first operations, platform scale and efficiency offer low-cost order fulfilment to sellers on it. This, along with a zero-commission model for sellers enables it to reduce the average cost charged to sellers and provide a wide assortment of products ranging from low-cost unbranded products, regional brands and national brands at affordable prices on it. Its artificial intelligence/machine learning (AI/ML) led algorithms are designed to deliver a personalised, discovery led shopping experience to consumers similar to an offline window-shopping experience, making online shopping easy and engaging for consumers.

Business area of the company

The company is a multi-sided technology platform driving e-commerce in India by connecting four key stakeholders: consumers, sellers, logistics partners, and content creators. Its value-focused ecommerce marketplace serves consumers from diverse income backgrounds across India by offering ‘Everyday Low Prices.’ This is made possible by providing a low-cost channel for sellers, which in turn allows them to offer a wide assortment of products at affordable prices to consumers. Further, It engages with logistics partners, encompassing first and last-mile delivery businesses, sorting centres, and truck operators, to ensure cost efficient order fulfilment. 

Awards and recognitions

  • 2020: Awarded ‘Young Turk Startup of the Year’ at the CNBC - TV18 India Business Leader Awards
  • 2021: Felicitated on becoming a unicorn start-up in 2020-2021 by Government of Karnataka at the Bengaluru Tech Summit 2021
  • 2022: Awarded at the ‘Pride of India Brands - The Best of South Awards’ by e4m
  • 2022: Awarded ‘gold’ under the 'David v/s Goliath' category for the ‘Reclaiming the value of Low Prices’ campaign at the EFFIE Awards India
  • 2023: Recognised on the list of ‘TIME100 Most Influential Companies 2023’
  • 2024: Awarded 'Gender Diversity Champion in Supply Chain - 2024' for ‘empowering women entrepreneurs, fostering inclusive practices and promoting equitable opportunities, thereby transforming the e-commerce landscape and driving social change in India’ in the ISCM Supply Chain Ranking 2024 by the Institute of Supply Chain Management
  • 2024: Awarded ‘Most Disruptive eRetailer of the Year’ at the iReC 2024 Retail Innovation Conference & Expo
  • 2025: Recognised among ‘500 High-Growth Companies - Asia Pacific, 2025’ by The Financial Times and Statista

History and millstone

  • 2018: One million Placed Orders in a single month on the ‘Meesho’ platform. 
  • 2022: Meesho crosses 100 million Annual Transacting Users.
  • 2022: Meesho launches Valmo. 
  • 2022: Meesho crosses 5 million Placed Orders a day. 
  • 2023: Meesho crosses 500 million downloads. 
  • 2023: Meesho launches content commerce. 
  • 2024: Meesho becomes free cash flow positive. 
  • 2025: Inbound merger of Meesho Inc. into Meesho Limited.

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