Vishal Mega Mart share price, P/E, ROE & financials

As of 6 Nov 2026, Vishal Mega Mart trades at 49.5× trailing earnings, above the industry P/E of 24.5×, and the shares are 35% below their 52-week high. It earns ROCE of 15% and ROE of 12%, and sales and net profit grew 19% and 38% a year over 3 years. Debt is 0.27× equity. It is a mid-cap company with a market cap of ₹44,037 Cr, the largest of 7 Department Stores companies by market cap; the shares fell 35% 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: ₹93.00
Day high: ₹94.00
Day low: ₹92.25
Prev. close: ₹93.90
Volume: 41.2 L

Health check

2 good · 2 fair · 2 to check

ReturnsIn line
−34.6% over a year, better than 3 of 6 peers.
Price tagPricier
P/E 49.5 vs industry 24.5.
GrowthStrong
Sales +19.4%, profit +37.7% a year over 3 years.
ProfitabilityAverage
ROCE 14.6% vs peer median 7.6%.
Balance sheetSolid
Debt 0.27× equity, interest covered 7.6×, Piotroski 6 of 9.
Red flags3 to check
P/E of 49.5 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

Mid cap

₹44,037 Cr, the largest of 7 in its industry.

Market sensitivity

Measuring against the NIFTY 50…

Key metrics

Last 12 months to Sep 2026: sales ₹13,910 Cr · profit ₹897 Cr

Market cap: ₹44,037 Cr; Mid cap
P/E: 49.5; Industry 24.5
Price to book: 5.53; Peers 1.20
Dividend yield: 0.00%
ROE: 12.1%; Peers 5.6%
ROCE: 14.6%; Peers 7.6%
Debt to equity: 0.27; Debt ₹2,123 Cr
EPS (TTM): ₹1.90; Face value ₹10
OPM (TTM): 14.3%; Net margin 6.5%
Sales growth: +14.0%; Latest quarter vs a year ago
Profit growth: +3.7%; Latest quarter vs a year ago
Price to sales: 3.17; EV/EBITDA 28.9

Strengths

Positive operating cash flow in each of the last 4 years.

Risks to check

P/E of 49.5 against an industry P/E of 24.5.
35% below its 52-week high.
Promoter stake down from 54.1% to 40.0%.

Derived automatically from reported figures. Not a recommendation.

About Vishal Mega Mart

Vishal Mega Mart Limited engages in the wholesale, trading, and retail of apparel, fast moving consumer goods, and general merchandise in India. The company offers apparel, including t-shirts, classics, fashion, lingerie, men's formal and casual, kids' wear, women's casual and ethnic, denims, athleisure, infant wear, and girl's wear products; and general merchandise, such as home appliances and furnishings, crockery, utensils, and travel products, as well…

Headquarters: Gurugram
Employees: 21,913
Sector: Consumer Cyclical
ISIN: INE01EA01019
Website: aboutvishal.com

Price range

52 weeks

₹84.16₹143.70

Today

₹92.25₹94.00

Avg volume (3M): 1.3 Cr
1-year return: minus 34.6%
From 52-week high: minus 34.6%

Analyst consensus

18 analysts

Strong buyMean target ₹132.22 40.7%

Target range, with today’s price

Low ₹100.00High ₹170.00

Today’s price ₹94.00 is below the lowest analyst target.

Consensus from Yahoo Finance. Not a recommendation.

Peers · Department Stores

Compare with peers Screen the whole industry

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	–	0.61%	506	19.3	1.20	7.6%	5.6%	3.4%	4.9%	33.6%	0.00%	−30.7%

Quarterly results

Consolidated, ₹ crore

SalesSelect a row below to chart it

Sep 25	Dec 25	Mar 26	Jun 26	Sep 26
2,981	3,670	3,114	3,727	3,399
2,587	3,065	2,689	3,182	2,986
395	605	425	545	412
13.2%	16.5%	13.6%	14.6%	12.1%
20.2	24.6	24.5	33.1	38.4
41.2	42.7	46.4	46.3	47.2
169	168	178	185	192
204	419	225	346	211
25.5%	25.4%	25.5%	25.2%	25.3%
152	313	168	259	158
0.32	0.66	0.36	0.55	0.34

Profit & loss

Yearly, ₹ crore

Sales CAGR 3Y: +19.4%
Profit CAGR 3Y: +37.7%
EPS CAGR 3Y: +35.9%
ROE: 12.1%

Net profitSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
7,563	8,892	10,701	12,871
–	+17.6%	+20.3%	+20.3%
6,521	7,621	9,139	10,955
1,042	1,271	1,562	1,916
13.8%	14.3%	14.6%	14.9%
−8.9	−3.7	−12.8	−15.5
159	143	149	171
461	517	590	673
18	14.6	39.9	69.4
431	621	849	1,125
25.4%	25.6%	25.6%	25.4%
321	462	632	839
–	+43.8%	+36.8%	+32.8%
0.71	1.02	1.36	1.79

Forecast

Your assumptions, not a prediction

Balance sheet

At each financial year end, ₹ crore

Total assetsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
4,507	4,509	4,597	4,673
650	1,113	1,804	2,740
1,462	1,483	1,729	1,988
1,671	1,401	1,862	2,048
8,289	8,506	9,993	11,449
1,680	1,930	2,254	2,614
79.7	38.6	13.6	33.9
0	0.1	0	0.1
154	93.2	808	1,672
6,376	6,444	6,917	7,130
8,289	8,506	9,993	11,449

Cash flow

Yearly, ₹ crore

Cash from operationsSelect a row below to chart it

Mar 2023	Mar 2024	Mar 2025	Mar 2026
636	830	1,399	1,621
177	−130	−610	−988
−865	−658	−479	−500
−51.7	41.5	310	133
−222	−249	−264	−325
413	580	1,135	1,296

Shareholding pattern

Source: NSE filings

40.0%

promoters

Promoters40.02%
Public59.98%
As of 30 Sep 2026

Quarter	Promoters	Public	Promoter change
30 Sep 2026	40.02%	59.98%	minus 0.07
30 Jun 2026	40.09%	59.91%	minus 0.03
31 Mar 2026	40.12%	59.88%	minus 13.97
31 Dec 2025	54.09%	45.91%	minus 0.02
30 Sep 2025	54.11%	45.89%	–

Major shareholders

NSE filing

Filings & events

News

No recent news coverage found.

My notes

Private to you