# V-Mart Retail share price today (V-Mart Retail Ltd, NSE: VMART)

> V-Mart Retail share price today: ₹717.65 at the NSE close on 3 November 2026, down 13.5% in a year. V-Mart Retail (NSE: VMART) is worth ₹5,707 crore, trades at a P/E of 41.1 and has closed between ₹492.60 and ₹838.85 over the past 52 weeks. > V-Mart Retail Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 24% of past readings. VMART · Textiles - Readymade Apparel · data as of 3 November 2026. Page: https://www.sectoralpha.in/stocks/v-mart-retail-ltd

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## Key numbers

- Price: ₹717.65 (−13.5% in a year)
- P/E: 41.1× (lower than 76% of the last 11 years)
- Revenue (Jun 2026): ₹1,089 Cr (+23.1% on a year ago)
- Profit (Jun 2026): ₹47.0 Cr (+38.2% on a year ago)
- Operating margin: 15.0% (+1.0 points on a year ago)
- ROCE: 13%, FY26
- ROIC: 10.2%, against a 12.0% cost of capital: −1.8 points
- Profit that came in as cash: 461%, last 3 years

The main question: yearly earnings per share moved +170.1% while the share price moved −13.5%. ## What is the V-Mart Retail share price today? V-Mart Retail Ltd's share price was ₹717.65 at the close on 3 November 2026. It has been rising for 18 weeks. That is 3.9% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹493 and ₹839, and at that close it sat 65% of the way up from that low. Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 1 week running. Over the last 11 years the share price moved +540% while the NIFTY 500 moved +257%, so it is ahead of the index over that whole period. It was last ahead over 13 weeks in the week of 30 October 2026. The chart above shows the 13-week comparison for every week. This page treats a rise as over when the price closes below its 200-day average on two Fridays in a row. ## What changed at V-Mart Retail this quarter? Three changes stood out: revenue up on a year earlier for 11 quarters in a row (every quarter we can compare), foreign funds (FIIs) cut their stake for 5 quarters in a row and indian funds and insurers (DIIs) cut their stake for 3 quarters in a row. 1. Revenue up on a year earlier for 11 quarters in a row (every quarter we can compare) In the June 2026 quarter revenue was ₹1,089 crore, +23.1% on a year earlier. Why: Revenue rose because stores open a year or more sold more: V-Mart 8% and Unlimited 13%, with 39% more footfalls and 18% more bills. Next results: check Q2 sales and margins against last year, because Durga Puja falls 19 days later and may move festive demand into Q3. From the earnings call on 27 Jul 2026. 2. Foreign funds (FIIs) cut their stake for 5 quarters in a row From 18.3% to 16.4% of the company by the September 2026 quarter. 3. Indian funds and insurers (DIIs) cut their stake for 3 quarters in a row From 32.5% to 30.6% of the company by the September 2026 quarter. ## What are V-Mart Retail's latest quarterly results? For April to June 2026 (the quarter ended 30 June 2026), V-Mart Retail reported revenue of ₹1,089 crore, up 23.1% from ₹885 crore a year earlier, and a profit of ₹47.0 crore, up 38.2% from ₹34.0 crore. ### V-Mart Retail results: April to June 2026 against a year earlier

| Measure | April to June 2026 | April to June 2025 | Change |
| --- | --- | --- | --- |
| Revenue | ₹1,089 crore | ₹885 crore | +23.1% |
| Profit | ₹47.0 crore | ₹34.0 crore | +38.2% |
| Earnings per share | ₹5.93 | ₹4.23 | +40.2% |
| Operating margin | 15.0% | 14.0% | +1.0 points |

The next results, for July to September 2026, are due by 14 November 2026: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter). V-Mart Retail's management discussed these results on a call held on 27 July 2026; what it said is further down this page. (From the company's reported quarterly results (quarter ended 30 June 2026). Revenue and profit in ₹ crore.)

## What is the V-Mart Retail share price history? V-Mart Retail closed at ₹717.65 on 3 November 2026, down 13.5% from ₹829.45 a year earlier (31 October 2025) and down 28.9% over five years. Its highest weekly close since February 2016 was ₹1,117.36 on 11 October 2024. ### V-Mart Retail share price: then and now

| When | Close | Change to 3 Nov 2026 |
| --- | --- | --- |
| 1 week ago · 23 Oct 2026 | ₹785.45 | −8.6% |
| 1 month ago · 1 Oct 2026 | ₹746.55 | −3.9% |
| 6 months ago · 30 Apr 2026 | ₹616.45 | +16.4% |
| 1 year ago · 31 Oct 2025 | ₹829.45 | −13.5% |
| 3 years ago · 3 Nov 2023 | ₹427.31 | +67.9% |
| 5 years ago · 4 Nov 2021 | ₹1,009.53 | −28.9% |
| 10 years ago · 4 Nov 2016 | ₹127.99 | +460.7% |
| Earliest and lowest weekly close in our records · 26 Feb 2016 | ₹112.18 | +539.7% |
| Highest weekly close since February 2016 · 11 Oct 2024 | ₹1,117.36 | −35.8% |
| 52-week high (weekly close) · 21 Aug 2026 | ₹838.85 | −14.4% |
| 52-week low (weekly close) · 27 Mar 2026 | ₹492.60 | +45.7% |

Weekly closing prices, adjusted for splits and bonuses so every price is on today’s share count. Each change is the move from that price to the 3 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes. (564 weekly closes from 26 February 2016 to 3 November 2026.)

## What is the latest news on V-Mart Retail? 3 Nov 2026: V-Mart Retail closed at ₹717.65, down 8.6% on the week and down 3.9% on the month. Our read, 22 Aug 2026: V-Mart's April to June 2026 result confirms the operating leverage thesis is intact: revenue grew 23%, same-store sales grew 9%, and reported profit of ₹47 crore rose 41% year on year despite 10% raw material inflation and a compressed gross margin, the fixed-cost base is converting revenue growth into earnings at an accelerating pace. ### Earlier

- 27 Jul 2026: V-Mart Retail held its results call for April to June 2026. Management guided: FY27 same-store sales planned at mid-to-high single digits, with management aiming to exceed last year's SSG. - 17 Jul 2026: ex-date for a dividend of ₹1 a share. - Results for April to June 2026: Revenue up 23.1% and profit up 38.2% on a year earlier. - 23 Jun 2025: Bonus issue: 3 new shares for every 1 held (ex-date). ### Our read of the business

The company's cost base ballooned post-COVID and post-Unlimited acquisition; FY24 was the loss trough at annual profit of Rs -97 Cr. FY26 delivered profit ₹124 crore and April to June 2026 continues the recovery, printing ₹47 crore against ₹34 crore a year ago, 11 consecutive quarters of positive same-store sales growth. April to June 2026: Broad-based 23% revenue growth with 9% same-store sales and Unlimited SSG of 13%; reported operating margin expanded 50 basis points to 14.8%; profit up 41% to 11 consecutive quarters of positive like-for-like growth. (Our read after the April to June 2026 results, written 22 August 2026.)

## What dividend does V-Mart Retail pay? V-Mart Retail paid ₹1 a share in regular dividends in the 12 months to 4 November 2026 (1 payment), a yield of 0.14% at the ₹717.65 close on 3 November 2026. The last was a dividend of ₹1 a share, ex-date 17 July 2026. ### V-Mart Retail dividends since 1 April 2021

| Ex-date | Dividend per share | Type | Record date |
| --- | --- | --- | --- |
| 17 Jul 2026 | ₹1 | Dividend | same day |
| 18 Aug 2022 | ₹0.75 | Dividend | 19 Aug 2022 |

Amounts as the company declared them on the NSE. A dividend goes to whoever owns the shares before the ex-date. 1 of 5 Of the last 5 financial years, years with an NSE dividend record

Yes. V-Mart Retail Ltd paid out 6% of its profit as dividends in FY26, and it paid a dividend in 8 of its last 13 reported years. (From the NSE corporate-actions record, read 4 November 2026.)

## What did V-Mart Retail management say on the latest results call? On the call for April to June 2026, held on 27 July 2026, V-Mart Retail's management guided: FY27 same-store sales planned at mid-to-high single digits, with management aiming to exceed last year's SSG. > “We want to continue and better the last year's SSG. We are targeting mid-to-high single digits.”
> Anand Agarwal, CFO and CEO, on the call for April to June 2026

### What management guided

- FY27 store expansion remains at 90+ gross openings. - July to September 2026 sales and margins expected to face a negative timing impact versus last year as Durga Puja moves 19 days into Q3, with recovery expected through good festive growth in Q3. - Unlimited openings expected to accelerate versus last year, while operating margin should become almost similar to V-Mart over the next couple of years. - Price increases not to exceed 3.0%-5.0%, including mix change and approximately 2.0%-2.5% inflation. Management’s own plans and goals, from our notes of the call. A plan is not a result. Source: [the call transcript](https://files.tijorifinance.com/insight/india/8009/Conference Call/CC-Jul26.pdf). (From the call for April to June 2026, 27 July 2026.)

## What could change the V-Mart Retail story? What are the risks? If same-store sales fall below 3% for two consecutive quarters while the operating margin simultaneously contracts below 10% on an annualized basis, the operating leverage thesis breaks. Additionally, if the October to December 2026 festive quarter, which must absorb the Durga Puja timing recovery, delivers operating margin below 16%, that would indicate the seasonal timing shift masked structural demand weakness. ### Each change stops working if

- : Same-store sales falls below 3% for two consecutive non-seasonal quarters, at which point the fixed cost base becomes a headwind and operating margin reverts below 10%. - : Unlimited South same-store sales decelerates below 5% in two consecutive quarters, or new store sales per square foot falls materially below ₹710. - : LimeRoad marketplace losses stop declining for two consecutive quarters, or NMV growth reverses, requiring renewed marketing spending that flows through to the consolidated profit line. - : Urban and rural consumer spending durably contract due to wage deflation or structural unemployment, removing the fundamental tailwind that makes same-store sales growth mechanically achievable. ### The main risks

- : Raw material inflation, basket inflation running at 10% in April to June 2026, compresses gross margin if the selective pass-through strategy does not absorb the full impact. ✓ fact
- : Management credibility gap, four guidance reversals without acknowledgment across five concalls signal optimistic bias that may delay recognition of deterioration. ✓ fact

(Our read after the April to June 2026 results, written 22 August 2026.)

## What to watch in V-Mart Retail's next results? When V-Mart Retail reports July to September 2026, these are the 4 checks that show whether the story is still on course. First: July to September 2026 sales and margins versus last year, including the 19-day Durga Puja timing shift and whether Q3 festive demand recovers the impact. - What to check (from the call)
- July to September 2026 sales and margins versus last year, including the 19-day Durga Puja timing shift and whether Q3 festive demand recovers the impact. - Whether the 34.5% gross margin recovers as aged inventory is liquidated and mix, pricing and vendor actions offset 10.0% raw-material inflation. - Whether Unlimited openings accelerate and sales per square foot remains above the current ₹710 base as newer southern stores scale. - Whether LimeRoad sustains positive NMV growth while continuing to reduce marketplace losses. ## Which stock lists is V-Mart Retail on? V-Mart Retail is not on any of our India lists this week. ## Is V-Mart Retail profitable? V-Mart Retail Ltd earned ₹47.0 Cr of net profit in the Jun 2026 quarter, +38.2% on the same quarter a year earlier. Full-year FY26 profit was ₹124 Cr. Over 10 years profit has grown 16.0% a year on average. That is 4.3% of the quarter's revenue. The same quarter a year earlier earned ₹34.0 Cr. 4 of the last 12 reported quarters were loss-making. For the full year, FY26 profit was ₹124 Cr (+169.6% on the year before). Why profit moved: revenue changed +23.1% on a year earlier and the margin moved +1.0 percentage points. Sales did the work, and the margin was about flat. On average over the last four quarters, profit changed +6.1% and revenue +19.8%. Profit is growing slower than sales: rising costs are taking part of the growth. FY26-Q4. revenue ₹971 Cr and profit ₹11 Cr as reported. FY27-Q1. revenue ₹1,089 Cr and profit ₹47 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much revenue does V-Mart Retail make, and is it growing? V-Mart Retail Ltd reported ₹1,089 Cr of revenue in the Jun 2026 quarter, +23.1% on the same quarter a year earlier. That is the 12th quarter in a row with growth on the year before. Over 10 years it has grown 16.7% a year on average. The last full year, FY26, came in at ₹3,789 Cr. The last four reported quarters add to ₹3,993 Cr. FY26 revenue was ₹3,789 Cr, +16.4% on the year before. Recent pace: the last four quarters grew +19.8% on average, against 16.7% a year over the longer run, so this year is growing faster than its own long-run rate. Is growth speeding up? Revenue over the last 12 months grew +19.1%, against +17.5% a year over the last 8 quarters (stabilising). FY26-Q4. revenue ₹971 Cr and profit ₹11 Cr as reported. FY27-Q1. revenue ₹1,089 Cr and profit ₹47 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## How much of every ₹100 of sales does V-Mart Retail keep? V-Mart Retail Ltd's operating margin was 15.0% in the Jun 2026 quarter, 1.0 percentage points higher than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 13 years it has been between 8.0% and 14.0%. The latest quarter is above every full year in that period. Why this happened. V-Mart's cost structure is dominated by rent (aiming for 7% of sales), staff, and depreciation, all largely fixed per store. Q1 FY27 demonstrates this: revenue grew 23% while pre-Ind AS EBITDA margin expanded 70 basis points to 7.6% despite a gross margin dip of 80 basis points. Management's own arithmetic requires 6 to 7% same-store sales growth to generate 120 basis points of operating leverage. Unlimited South format delivered 33% revenue growth producing 40% EBITDA growth in Q1 FY27, showing the same lever at work in a newer geography. Why the margin moved: operating margin changed +0.5 percentage points on the year while gross margin changed −0.8 points. So the gain came mostly from the gross margin, which means input costs and prices charged. As noted under valuation: when margins are at a record, every ratio built on profit looks better than usual, so a low multiple can mislead. FY26-Q4. revenue ₹971 Cr and profit ₹11 Cr as reported. FY27-Q1. revenue ₹1,089 Cr and profit ₹47 Cr as reported. Why-sources: our stock research file (22 August 2026) and the company’s own results for those quarters. ## Is V-Mart Retail's profit turning into cash? Over the last 3 years, 461% of V-Mart Retail Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹501 Cr of operating cash against ₹124 Cr of profit. After ₹628 Cr of spending on assets, free cash was −₹127 Cr: it spent more than its operations brought in. Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year. Why 461% of profit came in as cash: the cash cycle got 46 days shorter between FY21 and FY26, so cash that used to wait in the business now arrives sooner. What to look at next: no single use of cash stands out. The next section checks both the cash tied up in daily operations and the spending on assets. ## Where does V-Mart Retail's cash go? V-Mart Retail Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 73 days in FY26, down from 119 days in FY21. It spent ₹572 Cr on assets over the last 3 years. Customers take 0 days to pay, and stock sits for 145 days on average. Why this happened. The large share of unorganized apparel retail means most of V-Mart's growth comes from consumers trading up from local informal stores rather than from fighting Reliance or Trent head-to-head. This structural opportunity supports the case for continued double-digit top-line growth even as organized competition expands. At FY26 sales of ₹3,789 Cr, each day of that cycle ties up about ₹10.4 Cr, so roughly ₹758 Cr is tied up in the business at any time. FY26: customers took 0 days to pay and stock sat for 145 days, about 4.8 months of sales sitting as stock, for a full cycle of 73 days, shorter than FY21's 119. The full loop: cash goes out to suppliers and production on day 0. Stock sits for 145 days. Customers pay about 0 days after that. Suppliers are paid at 72 days. Together that makes the 73-day cycle. Spending on assets: ₹572 Cr over the last 3 years, against ₹752 Cr of depreciation (the yearly wear and tear on existing assets). So it is spending about what it takes to replace what wears out, or less. Work still in progress is ₹8.0 Cr (FY26): assets paid for that are not earning yet. In short: neither the daily cycle nor new spending is soaking up the cash, so the picture is fairly clean. ## What is V-Mart Retail's P/E ratio, and how does it compare with its own history? V-Mart Retail Ltd's P/E is 41.1×, near the low end of its own history: it has been lower only 24% of the time. Its usual P/E (the middle reading) is 55.0×, over 11 years of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth. Keep one thing in mind: margins are the best this company has ever reported. A multiple that looks low against its own past can mislead when profit is at a record. If margins fall back, today's multiple is higher than it looks. Why the multiple is where it is: over the past year earnings per share moved +170.1% while the price moved −13.5%. Earnings did better than the price, which pulled the multiple down within its own range. Where the price move came from: over 10 years the price moved +18.8% a year; about +18.7% a year came from earnings growth and about +0.1 percentage points from the multiple (roughly no change). The split is approximate (price return minus earnings growth). It shows how much of the move came from the market paying a different multiple. In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple. ## What growth does the V-Mart Retail share price assume? Worked out from its price on 23 August 2026, V-Mart Retail Ltd's share price assumed profit growth of about 27.5% a year. Over the past 10 years its profit actually grew 16.0% a year. Today its P/E is 41.1×, lower than 76% of its own last 11 years. This is a one-day reading, taken on 23 August 2026. Every other number on this page, the multiple included, uses the latest price as of 3 November 2026. A higher price assumes more growth and a lower price less, so it changes whenever the price changes, and this page does not update it between measurements. ## Is the V-Mart Retail business getting better or worse? V-Mart Retail Ltd's business trend cannot be read yet. There are fewer than eight usable quarters of growth figures, so there is not enough history to read the trend. This is based on 12 quarters of 2 measures, with some gaps. Why it matters: with too little history, we say so rather than guess a direction. One or more growth lines have an extreme jump caused by comparing with a near-zero or loss-making quarter. Those jumps are capped before reading and drawn at the edge of the chart, so one odd quarter does not decide the result. There are fewer than eight usable quarters, so this page does not guess a direction from so little history. ## What is the V-Mart Retail story, and has it been checked? V-Mart Retail Ltd's story is not scored yet against the checks our research set on 22 August 2026. Where it sits in its own cycle: Not stated in the research file. Our read, 22 August 2026. V-Mart's Q1 FY27 result confirms the operating leverage thesis is intact: revenue grew 23%, same-store sales grew 9%, and reported PAT of Rs 47 Cr rose 41% year on year despite 10% raw material inflation and a compressed gross margin, the fixed-cost base is converting revenue growth into earnings at an accelerating pace. What is proven. V-Mart's Q1 FY27 result confirms the operating leverage thesis is intact: revenue grew 23%, same-store sales grew 9%, and reported PAT of Rs 47 Cr rose 41% year on year despite 10% raw material inflation and a compressed gross margin, the fixed-cost base is converting revenue growth into earnings at an accelerating pace. What is not proven yet. If same-store sales fall below 3% for two consecutive quarters while the operating margin simultaneously contracts below 10% on an annualized basis, the operating leverage thesis breaks. Additionally, if the Q3 FY27 festive quarter, which must absorb the Durga Puja timing recovery, delivers OPM below 16%, that would indicate the seasonal timing shift masked structural demand weakness. What would change our mind. If same-store sales fall below 3% for two consecutive quarters while the operating margin simultaneously contracts below 10% on an annualized basis, the operating leverage thesis breaks. Additionally, if the Q3 FY27 festive quarter, which must absorb the Durga Puja timing recovery, delivers OPM below 16%, that would indicate the seasonal timing shift masked structural demand weakness. What the company does. V-Mart runs apparel value retail across tier-2 to tier-4 India, a market still over 60% unorganized. The company's cost base ballooned post-COVID and post-Unlimited acquisition; FY24 was the loss trough at annual PAT of Rs -97 Cr. FY26 delivered PAT Rs 124 Cr and Q1 FY27 continues the recovery, printing Rs 47 Cr against Rs 34 Cr a year ago, 11 consecutive quarters of positive same-store sales growth. Sources: our stock research file (22 August 2026) · quarterly results through Jun 2026 · the company’s own earnings calls. The story check is re-scored every results season; the record below never changes. ## Did V-Mart Retail management deliver what it promised? What V-Mart Retail Ltd's management promised, against what actually happened: 4 promises on the record. Read straight from the company’s own earnings calls. A promise that slipped stays on this page after it is met. LimeRoad Loss Reduction Rate Not Reconciled · 27 July 2026. In May 2026, management said LimeRoad losses had been cut by almost 70% versus the prior year. In July 2026, management reported a 39% year-over-year reduction for Q1 FY27; because the latest call did not explain whether the earlier figure was full-year, quarterly, or based on a different loss measure, the apparent slowdown in the turnaround trajectory warrants clarification. Input Cost Outlook Reversal · 8 May 2026. In the Jan 2026 call, management explicitly cited easing input costs as an active source of margin support while pledging vigilance against reversals. By the May 2026 call, management was communicating a 15-20% spike in yarn prices translating to 3-4% apparel cost increases, a material reversal of the prior positive cost narrative delivered without any acknowledgment that the earlier favorable outlook had changed. Unlimited Format Productivity Parity Goal Walk-Back · 8 May 2026. In the Jan 2026 call, the CFO explicitly designated reaching V-Mart-level sales per square feet across the entire Unlimited network as the company's first priority for that format. Three months later in the May 2026 call, the MD stated the productivity delta between Unlimited and V-Mart will structurally not go away because V-Mart carries FMCG and Kirana lines that Unlimited does not, a structural reality that existed at the time of the Jan 2026 commitment and was not acknowledged then. Competitive Store Impact Assessment Reversed · 8 May 2026. In the Nov 2025 call, management specifically quantified that roughly 30-35% of stores experienced measurable one to two month sales disruptions whenever a competitor opened nearby. In the May 2026 call, just six months later, management stated competitive impacts are now getting nullified and that new competitor openings no longer have a meaningful impact on existing store performance, with no substantive explanation for such a rapid shift given that competitor expansion plans remain explicitly acknowledged as active. Every quote above is taken word for word from the company’s own earnings calls. ## What is V-Mart Retail management's track record? FY26 store additions and April to June 2026 same-store sales were strong, but the 70%-versus-39% LimeRoad gap remains unreconciled. ### Regulatory and governance record

No company-specific SEBI/CBI/ED action surfaced. A paid ₹11,800 LODR fine is a minor compliance lapse, not a fraud event. 0% Promoter shares pledged

Sources:

- [quartr.com](https://quartr.com/companies/v-mart-retail-limited_15553)
- [indiainfoline.com](https://www.indiainfoline.com/company/v-mart-retail-ltd/reports/directors-report)
- [trendlyne.com](https://trendlyne.com/equity/share-holding/1498/VMART/latest/v-mart-retail-ltd/)

(Checked 30 August 2026.)

## How much does V-Mart Retail earn on its capital? V-Mart Retail Ltd earned a ROCE of 13% in FY26. That is up from a low of 1% in FY24. Its return on capital used (ROIC) is 1.8 percentage points below its cost of capital, so growth here does not yet pay for the capital it uses. It comes from a 3.3% net margin and 1.36× asset turnover (sales divided by assets). Why the return is what it is (FY26): a 3.3% net margin × 1.36× asset turnover × 2.92× leverage (assets divided by equity) ≈ 13.1% on equity. The margin does its share; borrowing is a big part of it. The key test, return on capital used minus the cost of capital: 10.2% − 12.0% = −1.8 percentage points. The 12.0% is a standard assumption for the cost of capital in India, not an estimate for this company. Read the sign and size of the gap, not the decimals. Negative: growth at these returns loses value until returns improve. ## Does V-Mart Retail have too much debt? V-Mart Retail Ltd has total debt of ₹958 Cr against shareholder equity of ₹951 Cr as of Jun 2026, so its debt is 1.01× its equity. Year by year, that ratio went from 1.06 in FY22 to 1.01 in FY26. Keep that borrowing in mind when reading the returns on this page. ## What is the V-Mart Retail shareholding pattern? Domestic institutions cut their stake in V-Mart Retail Ltd by 2.1 percentage points over 8 quarters, the biggest change among its owners. Domestic institutions now own 30.6% of the company. Foreign institutions moved +0.4 points over the same period, to 16.4%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings. Over the last two years: Domestic institutions: −2.1 points over 8 quarters, to 30.6%; Foreign institutions: +0.4 points over 8 quarters, to 16.4%; Promoters: −0.2 points over 8 quarters, to 44.1%. Why the owners changed: domestic institutions drove it (−2.1 points). They reduced their stake. ## How far is V-Mart Retail from balance-sheet trouble? For V-Mart Retail Ltd, the Z-score is not available, so we say so rather than guess one. It estimates how far the balance sheet is from trouble; it is not a forecast of failure. The debt, cash-flow and return sections show the balance-sheet figures we do have, each with its own date. ## How does V-Mart Retail rank in its industry? 62.3 out of 100, rank 6 of 26 in Textiles - Readymade Apparel, with 89% of the evidence available. V-Mart Retail Ltd scores 62.3 out of 100 against the 26 companies it is compared with in Textiles - Readymade Apparel, ranking 6. The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. The four parts add up to the total exactly: 26.8 + 9.1 + 11.7 + 14.7 = 62.3. This is the same number shown on the industry page; it is worked out once for the whole group and read here. What would change it: The score would fall if profit growth turns negative or margins stop improving while the share price lags its sector. ## Which companies is V-Mart Retail compared with? V-Mart Retail ranks 6 of 26 Textiles - Readymade Apparel companies on the 4-Factor Sector Score, with 62.3 out of 100. 1. [Cantabil Retail India Ltd](https://www.sectoralpha.in/stocks/cantabil-retail-india-ltd) CANTABIL · turning · Most evidence points up · 96% evidence 74.6 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.9/35 · Revenue 15.8% · Profit 22.8% · Operating margin change 2 points · 88% evidence Capital efficiency 20.4/25 · ROCE 19.4% · Operating margin 33% · 100% evidence Valuation 15.9/20 · P/E 21.7× · PEG 0.75 · 100% evidence Relative strength 15.4/20 · Lead over its industry 9.5% · Lead over NIFTY 500 6.5% · 1 year -2.8% · 100% evidence · 8 of 12 weeks ahead Exact sum: 22.9 + 20.4 + 15.9 + 15.4 = 74.6 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 2. [Karnika Industries Ltd](https://www.sectoralpha.in/stocks/karnika-industries-ltd) KARNIKA · breaking out · Most evidence points up · 67% evidence 70.2 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.3/35 · Revenue 47.8% · Profit 68.4% · Operating margin change -2 points · 95% evidence Capital efficiency 20.8/25 · ROCE 29.6% · Operating margin 19% · 76% evidence Valuation 11.3/20 · P/E 25.5× · PEG n/a · 50% evidence Relative strength 11.8/20 · Lead over its industry n/a · Lead over NIFTY 500 11.8% · 1 year -21.1% · 25% evidence · 5 of 12 weeks ahead Exact sum: 26.3 + 20.8 + 11.3 + 11.8 = 70.2 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 3. [Thomas Scott India Ltd](https://www.sectoralpha.in/stocks/thomas-scott-india-ltd) THOMASCOTT · Most evidence points up · 69% evidence 67.1 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 34.2/43.75 · Revenue 61.5% · Profit 54.4% · Operating margin change 0.7 points · 88% evidence Capital efficiency 17.6/31.25 · ROCE 20.4% · Operating margin 12% · 100% evidence Valuation 15.3/25 · P/E 21× · PEG 1.14 · 65% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 34.2 + 17.6 + 15.3 = 67.1 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 4. [Trent Ltd](https://www.sectoralpha.in/stocks/trent-ltd) TRENT · turning · Most evidence points up · 93% evidence 66.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/35 · Revenue 18.4% · Profit 18.8% · Operating margin change 1 points · 100% evidence Capital efficiency 21.0/25 · ROCE 28.3% · Operating margin 18% · 100% evidence Valuation 4.2/20 · P/E 84× · PEG 5.04 · 65% evidence Relative strength 17.6/20 · Lead over its industry 17.1% · Lead over NIFTY 500 13.5% · 1 year -3.6% · 100% evidence · 4 of 12 weeks ahead Exact sum: 23.9 + 21 + 4.2 + 17.6 = 66.7 · What this means: Earnings, capital efficiency and relative strength all agree. The open questions are about management, upcoming events and risks. 5. [SBC Exports Ltd](https://www.sectoralpha.in/stocks/sbc-exports-ltd) SBC · leader · Evidence leans up · 82% evidence 64.5 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.8/35 · Revenue 63.4% · Profit 100% · Operating margin change -3 points · 95% evidence Capital efficiency 14.9/25 · ROCE 18.4% · Operating margin 9% · 76% evidence Valuation 5.8/20 · P/E 82.3× · PEG n/a · 50% evidence Relative strength 20.0/20 · Lead over its industry 89% · Lead over NIFTY 500 82.5% · 1 year 176.9% · 100% evidence · 10 of 12 weeks ahead Exact sum: 23.8 + 14.9 + 5.8 + 20 = 64.5 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 6. V-Mart Retail Ltd this page VMART · turning · Evidence leans up · 89% evidence 62.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 26.8/35 · Revenue 19.1% · Profit 100% · Operating margin change 1 points · 88% evidence Capital efficiency 9.1/25 · ROCE 13.2% · Operating margin 15% · 100% evidence Valuation 11.7/20 · P/E 42.4× · PEG 1.03 · 65% evidence Relative strength 14.7/20 · Lead over its industry 14.4% · Lead over NIFTY 500 10.5% · 1 year -10.9% · 100% evidence · 9 of 12 weeks ahead Exact sum: 26.8 + 9.1 + 11.7 + 14.7 = 62.3 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 7. [Pearl Global Industries Ltd](https://www.sectoralpha.in/stocks/pearl-global-industries-ltd) PGIL · leader · Evidence leans up · 78% evidence 61.3 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 20.3/35 · Revenue 13.7% · Profit 29.4% · Operating margin change 2 points · 83% evidence Capital efficiency 17.0/25 · ROCE 19.9% · Operating margin 11% · 76% evidence Valuation 6.4/20 · P/E 35.2× · PEG n/a · 50% evidence Relative strength 17.6/20 · Lead over its industry 39.1% · Lead over NIFTY 500 34.6% · 1 year 80.7% · 100% evidence · 12 of 12 weeks ahead Exact sum: 20.3 + 17 + 6.4 + 17.6 = 61.3 · What this means: A strong business with a high valuation: it would need rising earnings, or a lower multiple, to score better on value. 8. [Bella Casa Fashion & Retail Ltd](https://www.sectoralpha.in/stocks/bella-casa-fashion-retail-ltd) BELLACASA · Evidence leans up · 76% evidence 58.9 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.9/43.75 · Revenue 21.8% · Profit 37% · Operating margin change -4.4 points · 88% evidence Capital efficiency 14.9/31.25 · ROCE 17.2% · Operating margin 3.8% · 100% evidence Valuation 20.1/25 · P/E 16.6× · PEG 0.45 · 100% evidence Relative strength: no reading this week · its 20 points are shared across the other three Exact sum: 23.9 + 14.9 + 20.1 = 58.9 (no relative-strength reading this week; its 20 points are shared across the other three) · What this means: There is no relative-strength reading for this week, so the score is built from earnings, capital efficiency and valuation alone. 9. [Aditya Birla Lifestyle Brands Ltd](https://www.sectoralpha.in/stocks/aditya-birla-lifestyle-brands-ltd) ABLBL · quiet · Evidence leans up · 78% evidence 55.4 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 22.5/35 · Revenue 10.9% · Profit 42.1% · Operating margin change 0 points · 100% evidence Capital efficiency 13.2/25 · ROCE 15% · Operating margin 16% · 100% evidence Valuation 11.6/20 · P/E 35.4× · PEG 1.05 · 65% evidence Relative strength 8.1/20 · Lead over its industry n/a · Lead over NIFTY 500 -26.5% · 1 year -47.2% · 25% evidence · 0 of 12 weeks ahead Exact sum: 22.5 + 13.2 + 11.6 + 8.1 = 55.4 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 10. [Baazar Style Retail Ltd](https://www.sectoralpha.in/stocks/baazar-style-retail-ltd) STYLEBAAZA · breaking out · Evidence leans up · 79% evidence 54.7 out of 100 Growth Capital Valuation Relative How the score adds up Growth & earnings 23.1/35 · Revenue 34.9% · Profit 100% · Operating margin change -0.6 points · 88% evidence Capital efficiency 5.8/25 · ROCE 7.6% · Operating margin 14.8% · 100% evidence Valuation 8.5/20 · P/E 98.5× · PEG n/a · 15% evidence Relative strength 17.3/20 · Lead over its industry 16.3% · Lead over NIFTY 500 12.8% · 1 year 11.4% · 100% evidence · 11 of 12 weeks ahead Exact sum: 23.1 + 5.8 + 8.5 + 17.3 = 54.7 · What this means: The evidence is balanced: no factor stands out, so another reported quarter is needed before the picture is clearer. 11. [Sai Silks (Kalamandir) Ltd](https://www.sectoralpha.in/stocks/sai-silks-kalamandirltd) KALAMANDIR · basing · Evidence leans up · 81% evidence 54.5 out of 100 Growth Capital Valuation Relative
12. [Iris Clothings Ltd](https://www.sectoralpha.in/stocks/iris-clothings-ltd) IRISDOREME · leader · Evidence leans up · 100% evidence 54.2 out of 100 Growth Capital Valuation Relative
13. [Kewal Kiran Clothing Ltd](https://www.sectoralpha.in/stocks/kewal-kiran-clothing-ltd) KKCL · quiet · Evidence leans up · 78% evidence 53.2 out of 100 Growth Capital Valuation Relative
14. [V2 Retail Ltd](https://www.sectoralpha.in/stocks/v2-retail-ltd) V2RETAIL · quiet · Evidence leans up · 79% evidence 52.9 out of 100 Growth Capital Valuation Relative
15. [Arvind Fashions Ltd](https://www.sectoralpha.in/stocks/arvind-fashions-ltd) ARVINDFASN · quiet · Evidence leans up · 89% evidence 52.3 out of 100 Growth Capital Valuation Relative
16. [Monte Carlo Fashions Ltd](https://www.sectoralpha.in/stocks/monte-carlo-fashions-ltd) MONTECARLO · turning · Evidence leans up · 73% evidence 50.5 out of 100 Growth Capital Valuation Relative
17. [Vishal Mega Mart Ltd](https://www.sectoralpha.in/stocks/vishal-mega-mart-ltd) VMM · quiet · Evidence leans up · 78% evidence 50.4 out of 100 Growth Capital Valuation Relative
18. [Vedant Fashions Ltd](https://www.sectoralpha.in/stocks/vedant-fashions-ltd) MANYAVAR · breaking out · Evidence leans down · 81% evidence 49.4 out of 100 Growth Capital Valuation Relative
19. [Credo Brands Marketing Ltd](https://www.sectoralpha.in/stocks/credo-brands-marketing-ltd) MUFTI · Evidence leans down · 76% evidence 45.5 out of 100 Growth Capital Valuation Relative
20. [S P Apparels Ltd](https://www.sectoralpha.in/stocks/s-p-apparels-ltd) SPAL · quiet · Evidence leans down · 96% evidence 42.5 out of 100 Growth Capital Valuation Relative
21. [Lux Industries Ltd](https://www.sectoralpha.in/stocks/lux-industries-ltd) LUXIND · quiet · Evidence leans down · 78% evidence 41.6 out of 100 Growth Capital Valuation Relative
22. [Raymond Lifestyle Ltd](https://www.sectoralpha.in/stocks/raymond-lifestyle-ltd) RAYMONDLSL · quiet · Evidence leans down · 78% evidence 39.3 out of 100 Growth Capital Valuation Relative
23. [Go Fashion (India) Ltd](https://www.sectoralpha.in/stocks/go-fashion-indialtd) GOCOLORS · quiet · Evidence leans down · 75% evidence 35.9 out of 100 Growth Capital Valuation Relative
24. [Gokaldas Exports Ltd](https://www.sectoralpha.in/stocks/gokaldas-exports-ltd) GOKEX · quiet · Most evidence points down · 81% evidence 28.3 out of 100 Growth Capital Valuation Relative
25. [Aditya Birla Fashion & Retail Ltd](https://www.sectoralpha.in/stocks/aditya-birla-fashion-retail-ltd) ABFRL · quiet · Most evidence points down · 61% evidence 27.6 out of 100 Growth Capital Valuation Relative
26. [Kitex Garments Ltd](https://www.sectoralpha.in/stocks/kitex-garments-ltd) KITEX · basing · Most evidence points down · 68% evidence 21.0 out of 100 Growth Capital Valuation Relative

Missing figures are not scored as bad. They lower the confidence and pull the final score toward the middle. Relative strength counts only when the company has a reading for this week; with no reading, that factor is left out and its 20 points are shared across the other three in proportion. PEG is not shown when the ratio cannot mean anything: the company must be making a profit, its price-to-earnings must be positive, and its three-year earnings growth must fall between 5% and 60%. Dividing a price multiple by a loss, or by growth measured off a tiny base, produces a number that looks precise and tells you nothing. Under relative strength, one mark per week shows the last 12 weeks: a mark is filled where the company led NIFTY 500 by 5% or more over the 13 weeks ending that week, which is the same test used everywhere on this site. Price stage places the company on the same six-step path the industry is placed on (basing, turning, breaking out, leader, fading, asleep), read from how many weeks running it has led NIFTY 500 and whether that lead is growing or shrinking. It describes where the share price stands, not the direction of earnings, and it is not a recommendation; it is left blank for a company whose weekly history is too short or too stale to read. The figures in this ranking come from the industry comparison: results through the Sep 2026 quarter, and the P/E at that quarter's end. The sections above use the latest weekly price, so a P/E or return there can differ a little from the one here. The stage words in this ranking (such as losing its lead or breaking out) describe the lead over the index, not the price phase in the price section. Related companies: [Textiles - Readymade Apparel](https://www.sectoralpha.in/sectors/textiles-readymade-apparel), all 26 compared on one page. ## Which companies are close to V-Mart Retail in size? V-Mart Retail is the 6th largest of 26 Textiles - Readymade Apparel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Vedant Fashions, Pearl Global Industries and Aditya Birla Lifestyle Brands. Just below it: V2 Retail, Aditya Birla Fashion & Retail and Arvind Fashions. ### Textiles - Readymade Apparel companies close in size

1. [Vedant Fashions Ltd](https://www.sectoralpha.in/stocks/vedant-fashions-ltd) ₹11,628 crore
2. [Pearl Global Industries Ltd](https://www.sectoralpha.in/stocks/pearl-global-industries-ltd) ₹11,030 crore
3. [Aditya Birla Lifestyle Brands Ltd](https://www.sectoralpha.in/stocks/aditya-birla-lifestyle-brands-ltd) ₹8,606 crore
4. V-Mart Retail Ltd ₹5,885 crore
5. [V2 Retail Ltd](https://www.sectoralpha.in/stocks/v2-retail-ltd) ₹5,377 crore
6. [Aditya Birla Fashion & Retail Ltd](https://www.sectoralpha.in/stocks/aditya-birla-fashion-retail-ltd) ₹4,733 crore
7. [Arvind Fashions Ltd](https://www.sectoralpha.in/stocks/arvind-fashions-ltd) ₹4,676 crore

[All 26 Textiles - Readymade Apparel companies, largest first](https://www.sectoralpha.in/sectors/textiles-readymade-apparel#all-companies)

### Companies close in size in other industries

1. [Centum Electronics Ltd](https://www.sectoralpha.in/stocks/centum-electronics-ltd) ₹5,894 crore · EMS
2. [Indian Metals & Ferro Alloys Ltd](https://www.sectoralpha.in/stocks/indian-metals-ferro-alloys-ltd) ₹5,887 crore · Mining/Minerals
3. V-Mart Retail Ltd ₹5,885 crore
4. [Innova Captab Ltd](https://www.sectoralpha.in/stocks/innova-captab-ltd) ₹5,867 crore · Pharma - API
5. [Technocraft Industries (India) Ltd](https://www.sectoralpha.in/stocks/technocraft-industries-indialtd) ₹5,858 crore · Scaffolding

## What else do people ask about V-Mart Retail? ### What is V-Mart Retail's share price today? V-Mart Retail Ltd's share price is ₹717.65, −13.5% over the past year. The whole company is worth ₹5,707 Cr on the market. In the last 52 weeks it traded between ₹493 to ₹839; today it is 65% of the way up from the low, 3.9% below its 200-day average (as of 3 November 2026). ### What were V-Mart Retail's latest quarterly results? V-Mart Retail Ltd reported revenue of ₹1,089 Cr and net profit of ₹47.0 Cr for the Jun 2026 quarter. Revenue rose 23.1% and profit rose 38.2% compared with a year earlier. Earnings per share were ₹5.93. The operating margin was 15.0%, 1.0 percentage points higher than a year earlier (as of 3 November 2026). ### What is V-Mart Retail's market cap? V-Mart Retail Ltd's market capitalisation is ₹5,707 Cr at a share price of ₹717.65. Market cap is the share price times the number of shares, so it changes whenever the price moves (as of 3 November 2026). ### How is V-Mart Retail performing? V-Mart Retail Ltd's share price has been rising for 18 weeks. In its latest quarter, revenue rose 23.1% and profit rose 38.2% compared with a year earlier. Over the past 13 weeks it has done worse than the NIFTY 500, for 1 week running (as of 3 November 2026). ### Will V-Mart Retail's share price go up? This page does not forecast V-Mart Retail Ltd's share price. What it shows instead: the share price is ₹717.65, and it has been rising for 18 weeks. Its P/E of 41.1× is higher than 24% of its own last 11 years (as of 3 November 2026). ### Who owns V-Mart Retail? Promoters own 44.1% of V-Mart Retail Ltd, foreign institutions 16.4%, domestic institutions 30.6% and the public 8.8% (latest quarter). The biggest change over the last two years: Domestic institutions cut their stake by 2.1 percentage points over 8 quarters (as of 3 November 2026). ### Where is V-Mart Retail in its business cycle? V-Mart Retail Ltd's FY26 operating margin was 14.0%, against a 13-year range of 8.0% to 14.0%: the top of its range, a record year. When profit is at a record, every ratio looks better than usual, and the story depends on margins staying high. The latest quarter was 15.0%. Comparing margins with a company's own long history is a good way to see where it is in its cycle (as of 3 November 2026). ### What could break the V-Mart Retail story? The main question: yearly earnings per share moved +170.1% while the share price moved −13.5%. On price, this page treats a rise as over when the share price closes below its 200-day average on two Fridays in a row (as of 3 November 2026). ### Is V-Mart Retail a stock worth studying right now? What the numbers show: V-Mart Retail Ltd's results are improving, while its P/E is near the low end of its own history over 11 years, higher than only 24% of past readings. The main open question: whether the price catches up with earnings that have already grown. Every number on this page is worked out by code from the published figures, with no forecasts and no price opinions (as of 3 November 2026). ### Is there a V-Mart Retail share price forecast for 2026? What management itself guided: FY27 same-store sales planned at mid-to-high single digits, with management aiming to exceed last year's SSG. What would change the story: If same-store sales fall below 3% for two consecutive quarters while the operating margin simultaneously contracts below 10% on an annualized basis, the operating leverage thesis breaks. Additionally, if the October to December 2026 festive quarter, which must absorb the Durga Puja timing recovery, delivers operating margin below 16%, that would indicate the seasonal timing shift masked structural demand weakness. ### Where does this page get V-Mart Retail's management information? From V-Mart Retail's results calls, its filings and public records on governance, each dated on the page. Management’s plans are shown as plans, never as results. This is research, not advice. We’re not SEBI-registered.