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V-Mart Retail (VMART) had a P/E of 46.3× on 6 Nov 2026, above the industry P/E of 24.5×, and the shares are 14% below their 52-week high. It earns ROCE of 14% and ROE of 14%, and sales grew 15% a year over 3 years. Its dividend yield is 0.1%, and debt is 1.01× equity. It is a small-cap company with a market cap of ₹6,042 Cr, ranked 2nd of 7 Department Stores companies by market cap; the shares fell 7.5% over the past year.

As of 6 Nov 2026Prices are delayed about 15 minutes; fundamentals are from the quarter ended Sep 2026.How we calculate this

past year
Open
₹759.00
Day high
₹764.05
Day low
₹730.80
Prev. close
₹769.75
Volume
1 L

Health check

2 good · 2 fair · 2 to check
  • ReturnsAhead

    −7.5% over a year, better than 5 of 6 peers.

  • Price tagPricier

    P/E 46.3 vs industry 24.5.

  • GrowthStrong

    Sales +15.5% a year over 3 years.

  • ProfitabilityAverage

    ROCE 14.5% vs peer median 7.6%.

  • Balance sheetFair

    Debt 1.01× equity, interest covered 3.1×, Piotroski 5 of 9.

  • Red flags1 to check

    P/E of 46.3 against an industry P/E of 24.5.

Compared with 6 industry peers. Computed from reported figures. Educational, not a recommendation.

Department Stores

6 listed peers. Screen the industry

Small cap

₹6,042 Cr, #2 of 7 in its industry by size.

Defensive

Beta 0.69 vs the NIFTY 50: moves less than the market.

Key metrics

Last 12 months to Sep 2026: sales ₹3,993 Cr · profit ₹138 Cr
Market cap
₹6,042 Cr
Small cap
P/E
46.3
Industry 24.5
Price to book
6.34
Peers 1.20
Dividend yield
0.14%
ROE
14.1%
Peers 5.6%
ROCE
14.5%
Peers 7.6%
Debt to equity
1.01
Debt ₹958 Cr
EPS (TTM)
₹16.38
Face value ₹10
OPM (TTM)
13.6%
Net margin 3.4%
Sales growth
+18.1%
Latest quarter vs a year ago
Profit growth
+40.4%
Latest quarter vs a year ago
Price to sales
1.51
EV/EBITDA 18.8

Strengths and risks

Strengths

  • Quarterly profit up 40.4% on a year ago.
  • Quarterly sales up 18.1% on a year ago.
  • Positive operating cash flow in each of the last 4 years.

Risks to check

  • P/E of 46.3 against an industry P/E of 24.5.

Derived automatically from reported figures. Not a recommendation.

About V-Mart Retail

V-Mart Retail Limited operates a chain of retail departmental stores in India. The company offers casual, formal, ethnic, sports, inner, and night wear for men, women, and kids. It also provides accessories and non-apparel products, such as beauty and fashion accessories, footwear, home needs, bags/luggage, toys, and tech wearables and audio accessories; and general merchandise products, including personal and home essentials, package food, non-food, and…

Headquarters
Gurugram
Employees
11,691
Sector
Consumer Cyclical
ISIN
INE665J01013
Website
vmart.co.in

Price range

52 weeks

₹457.90₹882.00

Today

₹730.80₹764.05
Avg volume (3M)
93.5K
1-year return
minus 7.5%
From 52-week high
minus 13.9%

Analyst consensus

14 analysts
Strong buyMean target ₹889.21 plus 17.1%

Target range, with today’s price

Low ₹790.00High ₹1,000.00

Today’s price ₹759.20 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Department Stores

Compare with peersScreen the whole industry
Company
VMMVishal Mega Mart94.00plus 0.11%44,03749.55.5314.6%12.1%14.3%19.4%37.7%0.00%minus 34.6%
VMARTV-Mart Retail759.20minus 1.37%6,04246.36.3414.5%14.1%13.7%15.5%–0.14%minus 7.5%
SHOPERSTOPShoppers Stop365.90plus 1.54%4,033–14.407.6%−4.0%4.1%8.9%–0.00%minus 25.6%
PATELRMARTPatel Retail251.17plus 3.66%83919.32.3115.9%15.7%6.5%0.9%33.6%0.00%plus 10.5%
SPENCERSSpencer's Retail19.15minus 0.31%173–−0.19−50.1%–0.2%−10.0%–0.00%minus 61.6%
OSIAHYPEROsia Hyper Retail2.08minus 1.89%341.50.08–5.6%2.7%––0.00%minus 89.8%
FELFuture Enterprises0.28plus 3.70%14–0.01−1492.2%−238.3%−98.0%––0.00%minus 35.7%
Median of 6 peers–0.82%50619.31.207.6%5.6%3.4%4.9%35.6%0.00%−35.1%

Quarterly results

Consolidated, ₹ crore
SalesSelect a row below to chart it
₹ CrSep 25Dec 25Mar 26Jun 26Sep 26
8071,1269711,089953
735917865928867
71.521010616186.1
8.9%18.6%10.9%14.8%9.0%
3.444.72.72.7
17.520.619.219.820.7
71.177.980.18488.8
–−2.10.9––
−13.611312.559.5−20.7
34.8%22.1%10.0%20.7%21.1%
−8.98811.347.2−16.3
-1.1211.031.485.91-2.06

Profit & loss

Yearly, ₹ crore
Sales CAGR 3Y
+15.5%
ROE
14.1%
Net profitSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
2,4582,7813,2473,784
–+13.1%+16.8%+16.5%
2,1772,5512,8583,253
281229390531
11.4%8.2%12.0%14.0%
0.10.31.63.8
11714213674.8
180222245297
2.53.833.1−8.1
−13−13144155
39.7%25.9%−4.1%19.9%
−7.9−96.845.8124
-0.99-12.235.7215.54

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore
Total assetsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
19.819.819.879.5
829727790872
1,3321,391783958
562707844871
2,7432,8452,4362,780
1,5141,6161,0021,343
1316.15.19.6
–––2.5
28.748.962.154.2
1,0691,1751,3671,370
2,7432,8452,4362,780

Cash flow

Yearly, ₹ crore
Cash from operationsSelect a row below to chart it
₹ CrMar 2023Mar 2024Mar 2025Mar 2026
181386349501
−159−118−122−174
−37.4−259−215−346
−159.212.2−19.9
−278−123−126−165
−97.4263223336
−1.5–––

Shareholding pattern

Source: NSE filings
44.1%
promoters
  • Promoters44.14%
  • Public55.86%
  • As of 30 Sep 2026
QuarterSplitPromotersPublicPromoter change
30 Sep 202644.14%55.86%minus 0.01
30 Jun 202644.15%55.85%minus 0.05
31 Mar 202644.20%55.80%plus 0.05
31 Dec 202544.15%55.85%minus 0.03
30 Sep 202544.18%55.82%–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you