As of 6 Nov 2026, V2 Retail trades at 34.2× trailing earnings, below the industry P/E of 35.3×, and the shares are 33% below their 52-week high. Sales grew 54% a year over 3 years, with ROCE of 21% and ROE of 26%. Debt is 1.10× equity. It is a small-cap company with a market cap of ₹6,326 Cr, ranked 4th of 14 Apparel Retail companies by market cap; the shares fell 34% over the past year.
- ₹168.19
- ₹178.00
- ₹166.11
- ₹161.34
- 6.8 Cr
Health check
- ReturnsIn line
−34.2% over a year, better than 4 of 7 peers.
- Price tagIn line
P/E 34.2 vs industry 35.3.
- GrowthStrong
Sales +54.1% a year over 3 years.
- ProfitabilityStrong
ROCE 20.6% vs peer median 13.4%.
- Balance sheetFair
Debt 1.10× equity, interest covered 3.2×, Piotroski 6 of 9.
- Red flags1 to check
33% below its 52-week high.
Small cap
Defensive
Key metrics
- Market cap
- ₹6,326 Cr
- Small cap
- P/E
- 34.2
- Industry 35.3
- Price to book
- 7.01
- Peers 6.48
- Dividend yield
- 0.00%
- ROE
- 26.0%
- Peers 15.0%
- ROCE
- 20.6%
- Peers 13.4%
- Debt to equity
- 1.10
- Debt ₹995 Cr
- EPS (TTM)
- ₹5.07
- Face value ₹1
- OPM (TTM)
- 15.0%
- Net margin 5.2%
- Sales growth
- +27.8%
- Latest quarter vs a year ago
- Profit growth
- +5.7%
- Latest quarter vs a year ago
- Price to sales
- 1.84
- EV/EBITDA 19.2
Strengths and risks
Strengths
- Return on equity of 26.0%.
- Return on capital employed of 20.6%.
- Quarterly sales up 27.8% on a year ago.
Risks to check
- 33% below its 52-week high.
About V2 Retail
V2 Retail Limited, together with its subsidiary, V2 Smart Manufacturing Private Limited, engages in the retail trade of garments, textiles, and accessories in India. It is involved in the retail sale of ready-made garments, hosiery goods, and other articles of clothing and clothing accessories under the Godspeed, Herrlich, Glamora, Ebellia, and Honey Brats brands. The company was formerly known as Vishal Retail Ltd and changed its name to V2 Retail…
- Headquarters
- Gurugram
- Employees
- 10,561
- Sector
- Consumer Cyclical
- ISIN
- INE945H01021
- Website
- v2retail.com
Price range
- Avg volume (3M)
- 38.3 L
- 1-year return
- minus 34.2%
- From 52-week high
- minus 33.1%
Peers · Apparel Retail
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| TRENTTrent | 3,079.00 | plus 0.79% | 1,64,182 | 86.6 | 21.13 | 28.2% | 27.1% | 19.2% | 34.7% | 57.0% | 0.13% | minus 34.5% |
| METROBRANDMetro Brands | 824.55 | minus 2.74% | 22,477 | 54.4 | 10.75 | – | 21.2% | 30.1% | – | – | 0.73% | minus 25.0% |
| ABLBLAditya Birla Lifestyle Brands | 76.99 | minus 0.65% | 9,351 | 46.9 | 6.48 | 13.2% | 15.0% | 39.5% | – | – | 0.65% | minus 43.5% |
| V2RETAILV2 Retail | 173.50 | plus 7.54% | 6,326 | 34.2 | 7.01 | 20.6% | 26.0% | 14.8% | 54.1% | – | 0.00% | minus 34.2% |
| ARVINDFASNArvind Fashions | 342.85 | minus 3.27% | 4,585 | 34.7 | 4.86 | 19.6% | 16.5% | 13.2% | 9.0% | 49.4% | 0.47% | minus 35.3% |
| PERNIASPOPPurple Style Labs | 491.05 | minus 5.39% | 3,931 | – | 8.35 | −65.6% | −901.4% | −21.4% | 14.7% | – | 0.00% | minus 13.6% |
| STYLEBAAZABaazar Style Retail | 390.75 | plus 4.84% | 3,092 | 62.1 | 6.47 | 13.5% | 11.0% | 4.1% | 32.7% | 109.4% | 0.00% | plus 11.9% |
| GOCOLORSGo Fashion (India) | 270.34 | plus 2.25% | 1,422 | 35.3 | 1.99 | 11.4% | 5.6% | 27.4% | 8.0% | −10.6% | 0.00% | minus 59.0% |
| Median of 7 peers | – | −0.65% | 4,585 | 50.6 | 6.48 | 13.4% | 15.0% | 19.2% | 14.7% | 53.2% | 0.13% | −34.5% |
Quarterly results
| ₹ Cr | Sep 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 709 | 929 | 797 | 997 | 906 | |
| 623 | 755 | 688 | 858 | 785 | |
| 85.4 | 174 | 109 | 139 | 120 | |
| 12.1% | 18.7% | 13.7% | 14.0% | 13.3% | |
| 1.1 | 4.3 | 4.1 | 1 | 2.5 | |
| 28 | 22 | 24 | 25 | 29.7 | |
| 37.6 | 45.7 | 66.8 | 63.9 | 68.3 | |
| – | 27.7 | – | – | – | |
| 20.9 | 138 | 22.4 | 51.6 | 24.8 | |
| 17.7% | 26.0% | 21.8% | 18.9% | 26.5% | |
| 17.2 | 102 | 17.5 | 41.9 | 18.2 | |
| 0.50 | 2.92 | 0.50 | 1.15 | 0.50 |
Profit & loss
- Sales CAGR 3Y
- +54.1%
- ROE
- 26.0%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 836 | 1,165 | 1,880 | 3,060 | |
| – | +39.3% | +61.4% | +62.8% | |
| 751 | 1,017 | 1,617 | 2,583 | |
| 85.5 | 148 | 263 | 477 | |
| 10.2% | 12.7% | 14.0% | 15.6% | |
| 0.9 | 7.1 | 0.1 | −0.5 | |
| 40.4 | 47.2 | 67.8 | 96.7 | |
| 67.1 | 76.7 | 98.6 | 182 | |
| 4.1 | 0.4 | 1.6 | 16.9 | |
| −17 | 31.4 | 98.2 | 215 | |
| 24.4% | 11.4% | 26.7% | 24.5% | |
| −12.8 | 27.8 | 72 | 162 | |
| – | – | +159.0% | +125.0% | |
| -0.37 | 0.80 | 2.08 | 4.58 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 34.4 | 34.6 | 34.6 | 36.5 | |
| 213 | 240 | 312 | 866 | |
| 424 | 525 | 871 | 995 | |
| 123 | 227 | 381 | 525 | |
| 793 | 1,027 | 1,599 | 2,422 | |
| 405 | 479 | 867 | 1,013 | |
| 0.1 | 1.3 | 4.2 | 45.5 | |
| 8.3 | 10.6 | 15.4 | 34.2 | |
| 4.9 | 9.4 | 9 | 6.4 | |
| 375 | 527 | 704 | 1,323 | |
| 793 | 1,027 | 1,599 | 2,422 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 86.4 | 93.4 | 201 | −103 | |
| −12.3 | −39.3 | −130 | −219 | |
| −75.7 | −49.6 | −71.2 | 319 | |
| −1.6 | 4.5 | −0.4 | −3.1 | |
| −13.1 | −39.5 | −134 | −231 | |
| 73.3 | 53.9 | 67.1 | −334 |
Shareholding pattern
NSE hasn’t returned a shareholding pattern for this company. Institutions hold about 10.9% (Yahoo estimate).
Major shareholders
Filings & events
News
No recent news coverage found.