On 6 Nov 2026, Patel Retail was priced at ₹251.17, or 19.3× trailing earnings, against an industry P/E of 24.5×. It earns ROCE of 16% and ROE of 16%, and sales and net profit grew 0.9% and 34% a year over 3 years. Debt is 0.45× equity. It is a small-cap company with a market cap of ₹839 Cr, ranked 4th of 7 Department Stores companies by market cap; the shares rose 10% over the past year.
- ₹242.31
- ₹254.00
- ₹241.98
- ₹242.31
- 2.3 L
Health check
- ReturnsAhead
+10.5% over a year, better than 6 of 6 peers.
- Price tagCheaper
P/E 19.3 vs industry 24.5.
- GrowthSlow
Sales +0.9%, profit +33.6% a year over 3 years.
- ProfitabilityAverage
ROCE 15.9% vs peer median 7.6%.
- Balance sheetFair
Debt 0.45× equity, interest covered 5.2×, Piotroski 4 of 9.
- Red flagsNone found
No warning signs in the headline numbers.
Small cap
Market sensitivity
Key metrics
- Market cap
- ₹839 Cr
- Small cap
- P/E
- 19.3
- Industry 24.5
- Price to book
- 2.31
- Peers 2.81
- Dividend yield
- 0.00%
- ROE
- 15.7%
- Peers 5.6%
- ROCE
- 15.9%
- Peers 7.6%
- Debt to equity
- 0.45
- Debt ₹163 Cr
- EPS (TTM)
- ₹13.02
- Face value ₹10
- OPM (TTM)
- 6.5%
- Net margin 3.5%
- Sales growth
- +69.7%
- Latest quarter vs a year ago
- Profit growth
- +37.4%
- Latest quarter vs a year ago
- Price to sales
- 0.71
- EV/EBITDA 13.8
Strengths and risks
Strengths
- Quarterly profit up 37.4% on a year ago.
- Quarterly sales up 69.7% on a year ago.
About Patel Retail
Patel Retail Limited operates a chain of retail supermarkets in India and internationally. It also manufactures and sells whole spices and grounded spices, wheat flour, and refined wheat flour under the Indian Chaska brand name; and home improving products, such as detergents, phenyl, dish wash liquids, mops, plastic buckets, etc. under the Patel Essential brand name; ready-to-cook instant mixes under the Patel Fresh brand name; and men's wear under the…
- Headquarters
- Ambernath
- Sector
- Consumer Cyclical
- ISIN
- INE0R8B01010
- Website
- patelrpl.in
Price range
- Avg volume (3M)
- 97.1K
- 1-year return
- plus 10.5%
- From 52-week high
- minus 5.6%
Peers · Department Stores
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| VMMVishal Mega Mart | 94.00 | plus 0.11% | 44,037 | 49.5 | 5.53 | 14.6% | 12.1% | 14.3% | 19.4% | 37.7% | 0.00% | minus 34.6% |
| VMARTV-Mart Retail | 759.20 | minus 1.37% | 6,042 | 46.3 | 6.34 | 14.5% | 14.1% | 13.7% | 15.5% | – | 0.14% | minus 7.5% |
| SHOPERSTOPShoppers Stop | 365.90 | plus 1.54% | 4,033 | – | 14.40 | 7.6% | −4.0% | 4.1% | 8.9% | – | 0.00% | minus 25.6% |
| PATELRMARTPatel Retail | 251.17 | plus 3.66% | 839 | 19.3 | 2.31 | 15.9% | 15.7% | 6.5% | 0.9% | 33.6% | 0.00% | plus 10.5% |
| SPENCERSSpencer's Retail | 19.15 | minus 0.31% | 173 | – | −0.19 | −50.1% | – | 0.2% | −10.0% | – | 0.00% | minus 61.6% |
| OSIAHYPEROsia Hyper Retail | 2.08 | minus 1.89% | 34 | 1.5 | 0.08 | – | 5.6% | 2.7% | – | – | 0.00% | minus 89.8% |
| FELFuture Enterprises | 0.28 | plus 3.70% | 14 | – | 0.01 | −1492.2% | −238.3% | −98.0% | – | – | 0.00% | minus 35.7% |
| Median of 6 peers | – | −0.10% | 2,103 | 46.3 | 2.81 | 7.6% | 5.6% | 3.4% | 12.2% | 37.7% | 0.00% | −35.1% |
Quarterly results
| ₹ Cr | Jun 25 | Sep 25 | Dec 25 | Mar 26 | Jun 26 |
|---|---|---|---|---|---|
| 182 | 222 | 309 | 334 | 310 | |
| 167 | 206 | 286 | 317 | 291 | |
| 15.1 | 16.6 | 23.1 | 17.3 | 19 | |
| 8.3% | 7.4% | 7.5% | 5.2% | 6.1% | |
| 0.7 | 3 | 1.9 | 5.4 | 0.7 | |
| 3.8 | 2.9 | 3 | 2.5 | 2.5 | |
| 2.8 | 3.1 | 5.9 | 6.6 | 4.4 | |
| 9.3 | 13.5 | 16 | 13.6 | 12.8 | |
| 25.3% | 25.0% | 24.9% | 26.8% | 25.8% | |
| 6.9 | 10.1 | 12 | 10 | 9.5 | |
| 2.07 | 3.59 | 3.59 | 2.99 | 2.85 |
Profit & loss
- Sales CAGR 3Y
- +0.9%
- Profit CAGR 3Y
- +33.6%
- EPS CAGR 3Y
- +38.5%
- ROE
- 15.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 1,008 | 803 | 813 | 1,037 | |
| – | minus 20.3% | +1.2% | +27.5% | |
| 961 | 750 | 755 | 963 | |
| 47.6 | 53.9 | 58.7 | 74.1 | |
| 4.7% | 6.7% | 7.2% | 7.1% | |
| −4.2 | 2 | 3.3 | 9 | |
| 11 | 14.9 | 16 | 12.3 | |
| 9.9 | 10 | 11.7 | 18.4 | |
| −0.3 | −0.4 | 0 | 0 | |
| 22.2 | 30.6 | 34.3 | 52.4 | |
| 26.4% | 26.4% | 26.4% | 25.5% | |
| 16.4 | 22.5 | 25.3 | 39 | |
| – | +37.6% | +12.2% | +54.5% | |
| 4.90 | 6.75 | 7.57 | 13.03 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 3.8 | 24.4 | 24.9 | 33.4 | |
| 68.1 | 70 | 110 | 330 | |
| 184 | 188 | 183 | 163 | |
| 47.4 | 51 | 65.7 | 92.7 | |
| 303 | 333 | 383 | 620 | |
| 60.2 | 67.2 | 68.1 | 114 | |
| 1.7 | 7.1 | 3.3 | 6.1 | |
| 4.8 | 6.1 | 6.1 | 7.6 | |
| 2.6 | 2.9 | 11.7 | 23.4 | |
| 234 | 250 | 294 | 469 | |
| 303 | 333 | 383 | 620 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| −5.6 | 24.8 | 27.7 | −83.5 | |
| −4.9 | −11.7 | −20.2 | −25.8 | |
| −0 | −12.8 | −8.4 | 111 | |
| −10.5 | 0.3 | −0.9 | 2 | |
| −11.4 | −12.2 | −11.7 | −17.3 | |
| −16.9 | 12.6 | 16 | −101 | |
| −0.4 | – | – | – |
Shareholding pattern
- Promoters70.00%
- Public30.00%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 70.00% | 30.00% | 0.00 | |
| 30 Jun 2026 | 70.00% | 30.00% | 0.00 | |
| 31 Mar 2026 | 70.00% | 30.00% | 0.00 | |
| 31 Dec 2025 | 70.00% | 30.00% | 0.00 | |
| 30 Sep 2025 | 70.00% | 30.00% | – |
Major shareholders
Filings & events
News
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