Vishal Mega Mart share price today

Vishal Mega Mart Ltd's share price was ₹90.84 at the close on 4 November 2026. It has been falling for 40 weeks. That is 18.7% below its average price over the last 200 trading days. In the last 52 weeks it traded between ₹84 and ₹143, and at that close it sat 11% of the way up from that low.

A share price tends to move through four phases: moving sideways (stage 1), rising (stage 2), stalling near a high (stage 3) and falling (stage 4). Today Vishal Mega Mart Ltd is in stage 4. The phase helps read everything below.

Over the past 13 weeks it has done worse than the NIFTY 500, and it has been behind for 23 weeks running.

Over the last 1 year the share price moved −10% while the NIFTY 500 moved −2%, so it is behind the index over that whole period. It was last ahead over 13 weeks in the week of 19 June 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.

Three changes stood out: indian funds and insurers (DIIs) raised their stake for 4 quarters in a row, promoters cut their stake for 7 quarters in a row and revenue up on a year earlier for 8 quarters in a row (every quarter we can compare).

1. Indian funds and insurers (DIIs) raised their stake for 4 quarters in a row

   From 25.4% to 36.5% of the company by the September 2026 quarter.

2. Promoters cut their stake for 7 quarters in a row

   From 76% to 40% of the company by the September 2026 quarter.

3. Revenue up on a year earlier for 8 quarters in a row (every quarter we can compare)

   In the September 2026 quarter revenue was ₹3,399 crore, +14% on a year earlier.

   Why: Revenue rose because the company opened more stores, mostly in smaller towns and new cities.

   Next results: check whether same store sales growth in the December quarter clears 10%, which management says is needed for nine month double digit growth.

   From the earnings call on 21 Oct 2026.

For July to September 2026 (the quarter ended 30 September 2026), Vishal Mega Mart reported revenue of ₹3,399 crore, up 14.0% from ₹2,981 crore a year earlier, and a profit of ₹158 crore, up 3.9% from ₹152 crore.

Vishal Mega Mart results: July to September 2026 against a year earlier

The next results, for October to December 2026, are due by 14 February 2027: listed companies must publish quarterly results within 45 days of the quarter's end (60 days for the January to March quarter).

Vishal Mega Mart's management discussed these results on a call held on 21 October 2026; what it said is further down this page.

From the company's reported quarterly results (quarter ended 30 September 2026). Revenue and profit in ₹ crore.

Vishal Mega Mart closed at ₹90.84 on 4 November 2026, down 36.6% from ₹143.18 a year earlier (7 November 2025). Its highest weekly close since December 2024 was ₹152.59 on 12 September 2025.

Vishal Mega Mart share price: then and now

Weekly closing prices. Each change is the move from that price to the 4 Nov 2026 close. A day's intraday high or low can go beyond these weekly closes.

103 weekly closes from 20 December 2024 to 4 November 2026.

4 Nov 2026: Vishal Mega Mart closed at ₹90.84, up 7.6% on the week and down 8.7% on the month. 21 Oct 2026: Vishal Mega Mart held its results call for July to September 2026. Management guided: Q3 SSSG above 10% needed for nine-month double-digit growth; 12%-13% would deliver a 9% Q2-Q3 average, supporting full-year double-digit ambition.

Earlier

• Results for July to September 2026: Revenue up 14.0% and profit up 3.9% on a year earlier.

Vishal Mega Mart has paid no dividend on the NSE since its first NSE close in our records (20 December 2024), the start of the period we checked.

No. Vishal Mega Mart Ltd paid out 0% of its profit as dividends in each of its last 7 reported years, so there is no payout history to show. That comes from the filed annual statements, not an estimate.

From the NSE corporate-actions record, read 5 November 2026.

On the call for July to September 2026, held on 21 October 2026, Vishal Mega Mart's management guided: Q3 SSSG above 10% needed for nine-month double-digit growth; 12%-13% would deliver a 9% Q2-Q3 average, supporting full-year double-digit ambition.

“Our goal is to achieve double-digit growth for the full year.”Gunender Kapoor, on the call for July to September 2026

What management guided

• FY27 gross store openings above 100; goal to exceed prior-year openings annually, subject to viable, profitable sites.
• Store runway: 2,000 large-format store opportunities and upwards of 3,000 small-format stores nationally, with no rollout timing.
• Operating margin expected to improve about 30 basis points annually; sales growth expected above store-level cost inflation of 6%-7%.
• No additional price increases planned at current inflation; stable pricing, especially at opening price points.

Management’s own plans and goals, from our notes of the call. A plan is not a result.

Source: the call transcript.

From the call for July to September 2026, 21 October 2026.

When Vishal Mega Mart reports October to December 2026, these are the 4 checks that show whether the story is still on course. First: Q3 SSSG versus the seasonal catch-up hurdle; check whether shifted demand supports the stated nine-month growth ambition.

Vishal Mega Mart is on 3 of our India lists: 52 week high & low, Small & mid cap stocks and Penny stocks.

Vishal Mega Mart Ltd earned ₹158 Cr of net profit in the Sep 2026 quarter, +3.9% on the same quarter a year earlier. That is the 8th quarter in a row of profit growth. Full-year FY26 profit was ₹839 Cr. Over 6 years profit has grown 62.8% a year on average. That is 4.6% of the quarter's revenue.

Net profit is what is left after every cost, interest and tax. Earnings per share, dividends and book value all grow from it.

The same quarter a year earlier earned ₹152 Cr.

For the full year, FY26 profit was ₹839 Cr (+32.8% on the year before).

Why profit moved: revenue changed +14.0% 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 +23.7% and revenue +18.0%. Profit is growing faster than sales: fixed costs are spread over more sales, so each extra rupee of revenue adds more to profit.

Vishal Mega Mart Ltd reported ₹3,399 Cr of revenue in the Sep 2026 quarter, +14.0% on the same quarter a year earlier. That is the 8th quarter in a row with growth on the year before. Over 6 years it has grown 16.0% a year on average. The last full year, FY26, came in at ₹12,906 Cr.

Revenue is everything the company billed its customers in the period.

The last four reported quarters add to ₹13,910 Cr.

FY26 revenue was ₹12,906 Cr, +20.4% on the year before.

Recent pace: the last four quarters grew +18.0% on average, against 16.0% 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 +17.8%, against +19.6% a year over the last 8 quarters (stabilising); profit over the last 12 months grew +22.0%, against +31.4% a year (rolling over).

Vishal Mega Mart Ltd's operating margin was 12.0% in the Sep 2026 quarter, 1.0 percentage points lower than the same quarter a year ago. Its latest full-year margin is the highest it has ever reported. Across 7 years it has been between 12.0% and 15.0%. The latest quarter is within that range.

Operating margin is what is left from every ₹100 of sales after the costs of running the business, before interest and tax. It shows pricing power and cost control.

Why the margin moved: operating margin changed −1.1 percentage points on the year while gross margin changed −0.3 points. So the drop came mostly from costs below the gross margin, such as staff and overheads, measured against sales.

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.

Over the last 3 years, 199% of Vishal Mega Mart Ltd's reported profit came in as cash from its operations, so the profit is backed by cash. In FY26 it brought in ₹1,621 Cr of operating cash against ₹839 Cr of profit. After ₹1,040 Cr of spending on assets, ₹581 Cr was left over as free cash.

The profit and loss account shows what was earned. The cash-flow statement shows the cash that actually came in. Comparing operating cash flow with profit is one of the best checks that a profit is real.

Cash-flow figures here are yearly, because quarterly cash statements are not published, so this section changes once a year.

Why 199% of profit came in as cash: the cash cycle got 51 days longer between FY21 and FY26, so more of each rupee of profit waits in the business before it arrives.

What to look at next: the bigger use of cash is spending on new assets, at 1.5× depreciation over three years. The next section checks what that spending is building.

Vishal Mega Mart Ltd's cash cycle, the days between paying suppliers and getting paid by customers, was 17 days in FY26, up from −34 days in FY21. It spent ₹2,734 Cr on assets over the last 3 years. Customers take 1 days to pay, and stock sits for 80 days on average.

Working capital is the cash tied up between paying suppliers and getting paid. Debtor days: how long customers take to pay. Inventory days: how long stock sits. The cash cycle: the whole loop, in days of sales.

At FY26 sales of ₹12,906 Cr, each day of that cycle ties up about ₹35.4 Cr, so roughly ₹601 Cr is tied up in the business at any time.

FY26: customers took 1 days to pay and stock sat for 80 days, about 2.6 months of sales sitting as stock, for a full cycle of 17 days, longer than FY21's −34.

The full loop: cash goes out to suppliers and production on day 0. Stock sits for 80 days. Customers pay about 1 days after that. Suppliers are paid at 64 days. Together that makes the 17-day cycle.

Spending on assets: ₹2,734 Cr over the last 3 years, against ₹1,780 Cr of depreciation (the yearly wear and tear on existing assets). So it is building well beyond replacing what wears out. Work still in progress is ₹34.0 Cr (FY26): assets paid for that are not earning yet.

In short: the cash is going into new capacity, not getting stuck in the daily cycle. The question is whether the new capacity earns.

Vishal Mega Mart Ltd's P/E is 47.5×, about the lowest it has ever been. Its usual P/E (the middle reading) is 85.8×, over 1 year of weekly prices. This compares the share price with the company’s own past. It does not say what the business is worth.

P/E is the share price divided by a year's profit per share: how many rupees the market pays for each rupee of yearly profit.

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 +31.4% while the price moved −36.6%. Earnings did better than the price, which pulled the multiple down within its own range.

In short: the multiple is low against its own past, so the earnings trend underneath matters more than the multiple.

Vishal Mega Mart Ltd's business is giving mixed signals. There is no clear direction across the growth lines, with ROCE steady at 15.6%; each line tells part of the story. This is based on 9 quarters of 3 measures, with some gaps.

Every business is somewhere on a path of getting better or worse, and this section names where. The last 12 quarters of growth in revenue, profit and earnings per share, plus the return the business earns on its capital, are read as lines. Getting worse: the lines are falling. Turning around: a low point has just formed and the last few quarters are rising from it. Getting better: the rise from the low has lasted. Growing steadily: steady growth with healthy returns. Slowing from a peak: still high, but slowing. When the lines disagree the result is mixed; too little history means no reading. CAGR (compound annual growth rate) is the steady yearly rate that would turn the starting value into the latest one. It is the fairest way to compare growth over different periods. If the 1-year figure is much bigger than the 10-year one, recent growth is running faster than the long-run trend. A dash means there is no figure for that period, or the starting year was a loss, where a growth rate means nothing.

Why it matters: when the lines disagree, each line above matters more than any single label.

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.

This reading has some gaps: at least one line is short, or the return line is not the quarterly series, so treat it with a little more caution.

Compound annual growth rate (%)

Compound annual growth rate over each period, %. Revenue, profit and EPS come from yearly figures; the share price row is price growth over the same periods. A dash means no figure for that period, or the starting year was a loss.

Vishal Mega Mart Ltd earned a ROCE of 15% in FY26. That is up from a low of 8% in FY21. Its return on capital used (ROIC) is 0.3 percentage points above its cost of capital, so growth here adds value, not just size. It comes from a 6.5% net margin and 1.13× asset turnover (sales divided by assets).

Return on capital employed (ROCE) is the profit the whole business earns on all the money in it, from shareholders and lenders together. It is the best single test of whether growth adds value or just size.

Why the return is what it is (FY26): a 6.5% net margin × 1.13× asset turnover × 1.54× leverage (assets divided by equity) ≈ 11.3% on equity. The margin does its share; borrowing plays a small part, so this return is earned, not borrowed.

The key test, return on capital used minus the cost of capital: 12.3% − 12.0% = +0.3 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. Positive but thin: it creates value with little room for error.

Vishal Mega Mart Ltd has total debt of ₹2,123 Cr against shareholder equity of ₹7,896 Cr as of Sep 2026, so its debt is 0.27× its equity, which is very little. Year by year, that ratio went from 0.26 in FY24 to 0.27 in FY26. So the returns on this page come from the business, not from borrowed money.

Debt-to-equity shows how much of the business is paid for with borrowed money. Lower is safer, and the direction matters as much as the level.

Promoters cut their stake in Vishal Mega Mart Ltd by 36.0 percentage points over 7 quarters, the biggest change among its owners. Promoters now own 40.0% of the company. Domestic institutions moved +26.6 points over the same period, to 36.5%. This uses the four owner groups that companies report every quarter; nothing is guessed between filings.

Who owns the company each quarter: promoters (the founders or controlling owners), foreign institutions, domestic institutions such as mutual funds, and the public. When people close to the business steadily raise their stake, that is worth noticing; a quiet list is also an answer.

Over the last two years: Promoters: −36.0 points over 7 quarters, to 40.0%; Domestic institutions: +26.6 points over 7 quarters, to 36.5%; Foreign institutions: +12.2 points over 7 quarters, to 18.8%.

Why the owners changed: promoters drove it (−36.0 points), with the other side taken by domestic institutions (+26.6 points). They reduced their stake.

For Vishal Mega Mart 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.

The Z-score estimates how far a company is from balance-sheet trouble. Above about 3 is safe; below about 1.8 is the danger zone. It was built for manufacturers, so it is not used for banks and lenders.

50.3 out of 100, rank 17 of 26 in Textiles - Readymade Apparel, with 78% of the evidence available.

Vishal Mega Mart Ltd scores 50.3 out of 100 against the 26 companies it is compared with in Textiles - Readymade Apparel, ranking 17. 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: 19.3 + 14.9 + 7.6 + 8.5 = 50.3. 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.

Vishal Mega Mart ranks 17 of 26 Textiles - Readymade Apparel companies on the 4-Factor Sector Score, with 50.3 out of 100.

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, all 26 compared on one page.

Vishal Mega Mart is the 2nd largest of 26 Textiles - Readymade Apparel companies on Sector Alpha by market value (scores of 30 October 2026). Just above it: Trent. Just below it: Vedant Fashions, Pearl Global Industries, Aditya Birla Lifestyle Brands, V-Mart Retail and V2 Retail.

Textiles - Readymade Apparel companies close in size

1. Trent Ltd ₹1,60,892 crore
2. Vishal Mega Mart Ltd ₹39,540 crore
3. Vedant Fashions Ltd ₹11,628 crore
4. Pearl Global Industries Ltd ₹11,030 crore
5. Aditya Birla Lifestyle Brands Ltd ₹8,606 crore
6. V-Mart Retail Ltd ₹5,885 crore
7. V2 Retail Ltd ₹5,377 crore

All 26 Textiles - Readymade Apparel companies, largest first

Companies close in size in other industries

229. Premier Energies Ltd ₹39,766 crore · Capital Goods - Solar
230. Patanjali Foods Ltd ₹39,700 crore · FMCG - Foods
231. Vishal Mega Mart Ltd ₹39,540 crore
232. Embassy Office Parks REIT ₹39,266 crore · Real Estate Investment Trusts
233. Hindustan Copper Ltd ₹38,763 crore · Metals

Sector Alpha, written by code from the published numbers. Data as of 4 November 2026.

Every chart on this page is drawn by code from the published figures, with no forecasts and no price opinions.

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