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Patel Retail Ltd (PATELRMART)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544487 NSE: PATELRMART Retailing | Small Cap | Patel Retail Share Price

₹199.30 13.70 (7.38%)

As on 04-Jun'26 16:59

Patel Retail Ltd (PATELRMART)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 544487 NSE: PATELRMART Retailing | Small Cap | Patel Retail Share Price

₹199.30 13.70 (7.38%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹666 Cr.
Current Price
₹199.3
52-Week Low / High
₹149 / 305
TTM EPS
₹11.7
TTM Sales
₹1,048 Cr.
Book Value per Share
₹109
P/E Ratio
17.05
Lower than its 5-year historical median
Industry PE
70.6
Price to Book (P/B)
1.83
In line with its 5-year historical median
Price to Sales (P/S)
0.64
Lower than its 5-year historical median
EV/EBITDA
9.21
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
22.08%
Outperforms industry median
Return on Capital Employed (ROCE)
17.46%
Outperforms industry median
Return on Assets (ROA)
7.11%
Operating Profit Margin
7.1%
Net Profit Margin
3.08%
Gross Profit Margin
5.6%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
0.8%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
9.14%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
12.21%
Asset Quality
Promoter Holding
70.00%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹330 Cr.
Equity
₹33.4 Cr.
Face Value
₹10
All Time Low / High
₹149.30 / 305.00

Patel Retail stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Fair

Price Trend

Semi Strong
Q.1 Is Patel Retail Ltd a good quality company?
Patel 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 Patel Retail Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Patel Retail Ltd vs industry peers?
Patel Retail Ltd revenue CAGR is 0.00%, compared to the industry median CAGR of 0.00%, indicating stable growth and maintaining its market share.
Q.1 Promoter shareholding and pledge status of Patel Retail Ltd?
Promoters hold 70.00% of the Patel Retail Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Patel Retail 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.
Patel 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'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 11.1%10.5%14.4%17.6%17.5%-
Value Creation
Index
-0.2-0.30.00.30.3-

Growth Parameters

Sales 8237661,0198148211,048
Sales YoY Gr.--7%32.9%-20.1%0.8%-
Adj EPS 3.73.37.78.5911.7
YoY Gr.--11.3%132.1%11%6%-
BVPS (₹) 18.322.929.538.754.1109
Adj Net
Profit
9.18.118.720.722.439
Cash Flow from Ops. -39.334-5.624.827.7-
Debt/CF from Ops. -4.55-32.97.56.5-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales NANA2.3%0.8%
Adj EPS NANA39.8%6%
BVPSNANA33.2%39.7%
Share Price - - - -

Key Financial Parameters

Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
20.416.129.324.919.614.3
Op. Profit
Mgn %
32.94.66.67.16.9
Net Profit
Mgn %
1.11.11.82.62.73.7
Debt to
Equity
43.12.521.30
Working Cap
Days
0907711112578
Cash Conv.
Cycle
05543698347

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Sales8237661,019814821
Operating Expenses + 799744975761762
Manufacturing Costs88152019
Material Costs710650860659661
Employee Cost 1819232732
Other Costs 6367785450
Operating Profit 2522435458
Operating Profit Margin (%) 3.0%2.9%4.2%6.6%7.1%
Other Income + 46145
Exceptional Items 00000
Interest 98121618
Depreciation 55101012
Profit Before Tax 1615223134
Tax 44689
Profit After Tax 1111162325
PAT Margin (%) 1.4%1.5%1.6%2.8%3.1%
Adjusted EPS (₹)4.74.76.79.210.2
Dividend Payout Ratio (%)0%0%2.30%0%0%

Valuation of Patel Retail - 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!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 45567294135
Share Capital 4442425
Reserves 41526870110
Debt +167165179181176
Long Term Debt3837352720
Short Term Debt129129144154156
Minority Interest00000
Trade Payables2332434760
Others Liabilities 10197810
Total Liabilities 245272301331380

Fixed Assets

Net Fixed Assets +2738596065
Gross Block5973104114130
Accumulated Depreciation3236455465
CWIP 2627240
Investments 00000
Inventories615477127144
Trade Receivables888410497125
Cash Equivalents 8143412
Others Assets 3555573935
Total Assets 245272301331380

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + -3934-62528
PBT 1615223134
Adjustment 1110202326
Changes in Working Capital -6112-43-21-25
Tax Paid -6-4-4-8-8
Cash Flow From Investing Activity + -13-16-5-12-11
Capex -13-16-8-12-12
Net Investments 00000
Others 00311
Cash Flow From Financing Activity + 57-12-0-13-8
Net Proceeds from Shares 1000015
Net Proceeds from Borrowing -1-1-2-8-7
Interest Paid -8-7-11-15-16
Dividend Paid 00-000
Others 55-51311-0
Net Cash Flow 45-1009

Financial Ratio

PARTICULARSMar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)25.8422.6625.6527.122.08
ROCE (%)11.0510.4514.3817.5717.46
Asset Turnover Ratio3.362.973.582.592.32
PAT to CFO Conversion(x)-3.553.09-0.381.091.12
Working Capital Days
Receivable Days3940.9033.3044.6049
Inventory Days27.1027.5023.3045.4059.90
Payable Days11.9015.4015.802529.80

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Patel Retail Ltd FAQs

The current trading price of Patel Retail on 04-Jun-2026 16:59 is ₹199.3.

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 Patel Retail stood at ₹665.7 Cr

The latest P/E ratio of Patel Retail as of 03-Jun-2026 is 17.05.

The latest P/B ratio of Patel Retail as of 03-Jun-2026 is 1.83.

The 52-week high of Patel Retail is ₹305.0 and the 52-week low is ₹149.3.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Patel Retail is ₹1,048 ( Cr.) .

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

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

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

About Patel Retail Ltd

Patel Retail was originally incorporated as ‘Patel Retail’ at Ambernath, Maharashtra as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated June 13, 2007 issued by the Registrar of Companies, Maharashtra, Mumbai. Thereafter, the company was converted into a public limited company, approved vide shareholders’ resolution dated July 18, 2023, pursuant to which the name of the company was changed to ‘Patel Retail Limited’ and a fresh certificate of incorporation consequent upon change of name on conversion to public limited company was issued by the Registrar of Companies, Maharashtra, Mumbai dated August 28, 2023.

Incorporated in Fiscal 2008, the company started its first store under the brand ‘Patel’s R Mart’ at Ambernath, Maharashtra and since, its operations are spread across the suburban area of Thane and Raigad district in Maharashtra.

With its objective to increase margin and to promote its brand ‘Patel’s R Mart’, the company launched its private label goods comprising of Pulses (Patel Fresh) and spices (Indian Chaska), which it buys in bulk quantities and package and brand after its quality checks and inspections at its processing and packing facility at Ambernath, Maharashtra, and men’s wear (Blue Nation), home improving products (Patel Essentials), ready-to-cook / instant mix (Patel Fresh), ghee and papad (Indian Chaska) which it buy from third party vendors under its brands. Since incorporation in Fiscal 2008, it has increased its store offerings and as on May 31, 2025 it offers lots of product categories with thousands of product SKUs in its stores.

As its backward integration strategy and to control its supply chain, it started its production facility in Kutch, Gujarat, where it processes peanuts and whole spices, such as coriander seed and cumin seeds. 

Business area of the company

The company is primarily engaged as a retail supermarket chain operating in tier-III cities and nearby suburban areas, with focus on ‘value retail’, offering food, non-food (FMCG), general merchandise and apparel catering to the needs of the entire family. 

Key Business Categories of the company

Food:

  • Grocery, staples, cereals, pulses, oil, seeds, food additives, dry fruits.
  • Dairy & Farm
  • Chocolates & Confectionery
  • Snacks & Processed Food 
  • Beverages 
  • Fruits & Vegetables 

Non-Food (FMCG):

  • OTC Products
  • Home care
  • Personal care& Toiletries

General Merchandise & Apparel:

  • Bed & bath
  • Stationery
  • Toys & games 
  • Home Applications 
  • Crockery
  • Footwear
  • Garments
  • Plastics
  • Utensils
  • Luggage (Bags)

Awards, accreditations or recognitions

  • 2019: Accorded status of Three Star Export House by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India
  • 2023: Accorded status of Four-Star Export House by the Directorate General of Foreign Trade, Ministry of Commerce and Industry, Government of India

History and milestones

  • 2007: Opened its 1st retail store at Ambernath, Maharashtra 
  • 2009: Commencement of export business
  • 2009: Opened its 1st garments outlet/ store under the name ‘Patel R Choice’ 
  • 2013: Set-up its Processing and Packaging Unit (Facility 1) at its Registered Office 
  • 2015: Commenced production in Facility 2 in Dudhai, Kutch, Gujarat 
  • 2018-19: Received approval from Ministry of Food Processing Industries (MOFPI) for establishing an agro processing cluster in Dudhai, Kutch, Gujarat under the ‘Scheme for Creation of Infrastructure for Agro Processing Clusters of MOFPI, Government of India’ and grant-in-aid of Rs 436.00 Lakhs 
  • 2019-20: Development of its Agri-cluster (Facility 3) at Dudhai, Kutch, Gujarat
  • 2019-20: Received MOFPI approval for grant-in-aid of Rs 152.25 Lakhs for setting up of Unit I for manufacturing of whole spices and oilseeds
  • 2019-20: Received MOFPI approval for grant-in-aid of Rs 243.62 Lakhs for setting up of Unit II for manufacturing of pulverised and blended spices
  • 2019-20: Received MOFPI approval for grant-in-aid of Rs 132.71 Lakhs for setting up of Unit III for manufacturing of chakki, atta, suji and atta roller
  • 2019-20: Received MOFPI approval for grant-in-aid of Rs 204.92 Lakhs for setting up of Unit IV for processing of peanut and blanching
  • 2019-20: Received MOFPI approval for grant-in-aid of Rs 121.80 Lakhs for setting up of Unit V for processing of sesame seed
  • 2022: Commencement of production at Unit I, Unit II, Unit III and Unit IV 
  • 2022-23: Earned revenue exceeding Rs 1,00,000 lakh
  • 2022-23: Exports to 25 countries
  • 2022-23: Transfer of Patel R Choice, fashion garments outlet 
  • 2025: The store count of the company increased to 42 stores till Fiscal 2025 
  • 2025: Launched Indian Chashka brand of blended spices in consumer packs

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