Share price
₹754.5 latest close · −5.4% over the last 90 sessions
₹754.5 month-end · −3.6% over 12 months
₹754.5 month-end · +73.1% over 3 years
₹754.5 month-end · +18.5% since Jan '19
52-week range ₹457.90 to ₹882.00 · 1-year volatility 37.3%
Was the rally earned?
- The share price was roughly flat over 1 year (-4%).
- The share count barely moved.
What do "pts" mean?
"pts" are percentage points of the share price return. The parts add up to the total shown for each period. Because price = P/E × net profit ÷ share count, higher profit pushes the price up, a higher P/E pushes it up, and more shares push it down.
Example: if the price rose 34% and profit growth accounts for +58 pts while a lower P/E accounts for -24 pts, then 58 - 24 = 34. The +58 is not the profit growth rate itself: it is the part of the price move that profit growth explains.
Not shown for 3 years and 5 years: earnings were negative at one end, or there is not enough history.
Net profit is trailing twelve months as reported with a 60-day lag.
How rough has the ride been?
Drawdown from peak
Largest drawdowns
-63.9% (2021-10 peak to 2023-10 low, not yet recovered)
-52.3% (2019-03 peak to 2020-03 low, recovered 2021-02)
-15.7% (2019-01 peak to 2019-01 low, recovered 2019-02)
Most recent volume spikes
2026-08-21: 5.9x the 50-day median, price +4.0% that day
2026-07-24: 7.2x the 50-day median, price -4.6% that day
Beta is the slope of daily returns against a market-cap-weighted index of the sector's other listed companies, built from today's constituents (so it excludes companies no longer listed).
Is it expensive against its own past and its peers?
Usual range 43.4x to 471.4x since 2019-01.
94% above the Retail Trade median.
The chart loads when you open this tab.
The chart loads when you open this tab.
How to read this
Shaded band: 10th to 90th percentile of the company's own P/E history; dotted line: its median; orange line: sector median (companies with a positive multiple, at least 5 in the sector).
Sector figures are built from today's listed companies, so they exclude companies that are no longer listed.
Where does it rank among Retail Trade peers?
Each cell is the company's percentile rank among its Retail Trade peers (non-financial companies) that month.
Darker is better-ranked.
Rows marked ↓ are inverted (lower debt, shorter cash cycle and a lower P/E rank higher).
Where it ranks today
- ROCE52nd▲ 18 pts vs a year ago
- Op. margin76th▲ 9 pts vs a year ago
- Revenue growth56th▼ 9 pts vs a year ago
- EPS growth88th
- Debt/equity ↓23rd▼ 6 pts vs a year ago
- Cash cycle ↓60th▲ 9 pts vs a year ago
- P/E ↓36th▲ 12 pts vs a year ago
- 12M momentum64th▲ 4 pts vs a year ago
Rank history
Percentiles use today's listed companies in the sector and need at least 5 peers with a value; grey cells have too few.
ROE is computed from net profit and book value where the source does not report it.
The Retail Trade sector page Watch it move against Retail Trade in the Observatory
What is the price implying?
At normalised P/E (five-year average earnings) of 387.8x, a holder earning 12%/yr needs earnings to grow about 55.0%/yr for 10 years, then trade at 15x.
Over time
Implied growth by month (solid) and delivered growth (dashed).
Change the assumptions
| Exit P/E / return | 11% | 12% | 13% |
|---|---|---|---|
| 12x | 57.1% | 58.5% | 60.0% |
| 15x | 53.7% | 55.0% | 56.4% |
| 20x | 49.3% | 50.7% | 52.0% |
Drag a slider to test other assumptions
Implied: 55.0%/yrLooking back
- Jan 2020Price implied 31%/yr; EPS has since grown 9%/yr (7.0 yrs)
- Jan 2021Price implied 33%/yr; EPS has since grown 15%/yr (6.0 yrs)
Past comparisons cover only companies listed today (survivorship bias) and say nothing about future outcomes.
“Implied growth” is what the current price would require under our stated assumptions, not what we expect. How this is calculated and the market-wide lists.
What prices imply across Retail Trade The market-wide Expectations lists
Key figures
- Share Priceclose 9 Nov
- ₹754.50
- P/E
- 43.6x
- ROCE
- 13.0%
- Market Cap
- ₹6000 cr
- Revenue (TTM)
- ₹3993 cr
- P/S
- 1.5x
- P/B
- 6.3x
- ROE
- 14.5%
- Operating Margin
- 15.0%
- Debt / Equity
- 1.0x
- Promoter Holding
- 44.1%
- 12M Momentum
- -3.6%
52-week range
Price risk
Balance sheet & cash
Are profits backed by cash?
Other income reliance8%Within range
Other income as a share of pre-tax profit (trailing twelve months): 8.1%. Bands: below 15%, 15% to 35%, above 35%.
Tax rate4%Beyond threshold
Median quarterly effective tax rate over about 2.5 years: 3.5%. Bands: 15% to 35%, 5% to 15% or 35% to 50%, outside 5% to 50%.
Cash conversion16.93xWithin range
Operating cash flow divided by net profit over the last three fiscal years: 16.93x (cash from operations ₹1,236 cr, net profit ₹73 cr). Bands: 0.8x and above, 0.5x to 0.8x, below 0.5x.
Free cash flow3 of 5 yrsNear threshold
Fiscal years with positive free cash flow in the last 5: 3. Bands: at least 80% of years, 40% to 80%, below 40%.
Receivable days vs history0 daysWithin range
Debtor days are below the median of the previous three fiscal years by 0 days (0 vs 0). Bands: under 15 days, 15 to 45, over 45.
Capital work in progress1% of fixed assetsWithin range
Capital work-in-progress is 1% of fixed assets. Bands: not rising or up to 30%; rising for three years and above 30%; rising and above 60%.
Payable days-55 days / 2 yrsWithin range
Days payable changed by -55 over two years. Bands: rise of up to 30 days; more than 30 days.
Tap a check to see how it is measured
How to read this
Each check is a named rule with fixed thresholds, not a score. Annual statements are the latest restated figures, so a past year may differ from what was originally reported.
Who has been buying and selling?
- Over 3 years, FIIs added 2.2 pts; DIIs trimmed 1.7 pts.
- The number of shareholders rose from 25,603 to 31,182 (+22%) between Sep 2023 and Jun 2026.
Holdings, Jun '26
How each group changed
Number of shareholders
Quarterly shareholding as reported, labelled by the quarter it covers (it becomes visible about two months later).
Shareholder counts are only available for recent quarters.
What happened next to similar setups
- We found 50 past situations where a non-financial company looked like V MART RETAIL LIMITED today on valuation, return on capital, margins, debt, growth, price momentum, size and volatility.
- Over the following 12 months the middle half of them returned −26% to +26% vs the market, against −5% for all non-financial companies in the same months.
- The gap against the base rate (−2.6%, 80% range −9.4% to +6.5%) is within what chance and overlapping periods produce.
Where the 50 outcomes landed
Each dot is one past situation (hover or tap for details) · Solid dots are the closest matches, listed below · Shaded is the middle half of all companies in the same months · 1 beyond the range shown, drawn at the edge
50 past situations · 50 companies · 36 months · 2020–2025
The closest matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| GREENLAM Non-Energy Minerals |
Feb 2025 | 47x | 12% | −17% | −28% | −10% |
| ARVINDFASN Retail Trade |
Aug 2024 | 88x | 14% | +65% | −2% | +6% |
| CRAFTSMAN Producer Manufacturing |
Jun 2025 | 68x | 12% | +1% | −16% | +70% |
| PRIVISCL Process Industries |
Jul 2024 | 66x | 12% | +46% | −3% | +70% |
| MINDACORP Producer Manufacturing |
Aug 2025 | 47x | 13% | −12% | −19% | +33% |
Show the other 3 matches
| Company | When | P/E | ROCE | 12M mom. | Drawdown | Next 12 months |
|---|---|---|---|---|---|---|
| JBMA Producer Manufacturing |
Sep 2021 | 50x | 9% | +122% | −2% | +83% |
| SUPRAJIT Producer Manufacturing |
Aug 2025 | 63x | 11% | −14% | −18% | +3% |
| SOMANYCERA Producer Manufacturing |
Feb 2022 | 55x | 12% | +69% | −22% | −26% |
How reliable is this?
Matched on P/E, P/S, ROCE, operating margin, debt/equity, interest cover, revenue growth, 12-month momentum, drawdown from 12-month high, size and volatility. Closest on: 12-month momentum, interest cover and drawdown from 12-month high. One match per company and at most 7 from any one month.
Independent periods: the matches fall in 6 distinct 12-month windows. Matches from nearby months share the same market conditions, so fewer windows means less evidence.
What else looks like this?
Companies with the most similar financial profile today, regardless of industry.
Similarity is statistical, based on reported metrics; it does not imply similar business quality or future returns.
What changed?
30 events since Jun '23
- SepValuationP/E fell below the 10th percentile of its own history to date (43.5x).
- SepPeer rankMoved into the top quartile of Retail Trade on operating margin (from the 2nd quartile).
- AugPeer rankMoved into the 2nd quartile of Retail Trade on ROCE (from the 3rd quartile).
- JulPriceVolume reached 7.2x its 50-day median on 2026-07-24; price -4.6% that day.
- JunResultsYear-on-year EPS growth turned positive.
- JunPeer rankMoved into the top quartile of Retail Trade on EPS growth (from the bottom quartile).
- JunDebtDebt / equity rose above 1.0x (1.01x).
- JunDividendStarted paying a dividend (payout 6% of profit).
Show 22 earlier events
- AprPriceVolume reached 368.5x its 50-day median on 2026-04-06; price +12.4% that day.
- JanPriceVolume reached 11.2x its 50-day median on 2026-01-22; price +0.6% that day.
- DecValuationP/E fell below the 10th percentile of its own history to date (49.4x).
- OctPriceVolume reached 100.6x its 50-day median on 2025-10-03; price +16.0% that day.
- JulPriceVolume reached 13.6x its 50-day median on 2025-07-24; price +5.7% that day.
- JunResultsEPS (TTM) turned positive.
- JunPeer rankMoved into the 3rd quartile of Retail Trade on ROCE (from the bottom quartile).
- JunDebtDebt / equity fell below 1.0x (0.97x).
- MayPriceVolume reached 18.7x its 50-day median on 2025-05-02; price +4.0% that day.
- MarPeer rankMoved into the 2nd quartile of Retail Trade on operating margin (from the 3rd quartile).
- FebPriceVolume reached 9.4x its 50-day median on 2025-02-04; price +4.4% that day.
- DecPeer rankSlipped to the 3rd quartile of Retail Trade on operating margin (from the 2nd quartile).
- OctPriceVolume reached 23.7x its 50-day median on 2024-10-01; price +9.5% that day.
- SepPeer rankMoved into the 2nd quartile of Retail Trade on operating margin (from the 3rd quartile).
- AugPriceVolume reached 8.8x its 50-day median on 2024-08-06; price -0.7% that day.
- JunResultsRevenue (TTM) reached a new high of ₹2,786 cr.
- JunPriceVolume reached 16.1x its 50-day median on 2024-06-05; price +9.8% that day.
- MarPeer rankSlipped to the bottom quartile of Retail Trade on ROCE (from the 3rd quartile).
- FebPriceVolume reached 20.6x its 50-day median on 2024-02-07; price +0.9% that day.
- DecPriceVolume reached 6.6x its 50-day median on 2023-12-21; price +4.6% that day.
- OctPriceFell 64% from the Oct 2021 peak to the Oct 2023 low.
- JunResultsEPS (TTM) turned negative.
Events are generated from the data by fixed rules.
The month shown is when the change became visible in the reported figures, assuming a 60-day lag after each quarter end; it is not an announcement date.
Where price and fundamentals disagree, market-wide Rewind the whole market to any month
Monthly history95 months · 2019-01 to 2026-11
| Month | P/E | Revenue (TTM) | ROE | ROCE | Debt / Equity |
|---|---|---|---|---|---|
| 2026-11 | 43.6x | ₹3993 cr | 14.5% | 13.0% | 1.0x |
| 2026-10 | 42.7x | ₹3993 cr | 14.4% | 13.0% | 1.0x |
| 2026-09 | 43.5x | ₹3993 cr | 14.4% | 13.0% | 1.0x |
| 2026-08 | 54.3x | ₹3789 cr | 13.0% | 13.0% | 1.0x |
| 2026-07 | 49.9x | ₹3789 cr | 13.0% | 13.0% | 1.0x |
| 2026-06 | 49.9x | ₹3789 cr | 13.0% | 13.0% | 1.0x |
| 2026-05 | 40.3x | ₹3598 cr | 16.3% | 8.0% | 1.0x |
| 2026-04 | 37.3x | ₹3598 cr | 16.3% | 8.0% | 1.0x |
| 2026-03 | 28.9x | ₹3598 cr | 16.3% | 8.0% | 1.0x |
| 2026-02 | 38.2x | ₹3499 cr | 14.3% | 8.0% | 1.0x |
| 2026-01 | 43.6x | ₹3499 cr | 14.3% | 8.0% | 1.0x |
| 2025-12 | 49.4x | ₹3499 cr | 14.3% | 8.0% | 1.0x |
| 2025-11 | 92.4x | ₹3353 cr | 8.4% | 8.0% | 1.0x |
| 2025-10 | 97.9x | ₹3353 cr | 8.4% | 8.0% | 1.0x |
| 2025-09 | 83.8x | ₹3353 cr | 8.4% | 8.0% | 1.0x |
| 2025-08 | 128.7x | ₹3254 cr | 5.7% | 8.0% | 1.0x |
| 2025-07 | 137.0x | ₹3254 cr | 5.7% | 8.0% | 1.0x |
| 2025-06 | 148.9x | ₹3254 cr | 5.7% | 8.0% | 1.0x |
| 2025-05 | — | ₹3143 cr | -1.6% | 1.0% | 1.9x |
| 2025-04 | — | ₹3143 cr | -1.6% | 1.0% | 1.9x |
| 2025-03 | — | ₹3143 cr | -1.6% | 1.0% | 1.9x |
| 2025-02 | — | ₹3005 cr | -7.5% | 1.0% | 1.9x |
| 2025-01 | — | ₹3005 cr | -7.5% | 1.0% | 1.9x |
| 2024-12 | — | ₹3005 cr | -7.5% | 1.0% | 1.9x |
| 2024-11 | — | ₹2893 cr | -8.4% | 1.0% | 1.9x |
| 2024-10 | — | ₹2893 cr | -8.4% | 1.0% | 1.9x |
| 2024-09 | — | ₹2893 cr | -8.4% | 1.0% | 1.9x |
| 2024-08 | — | ₹2786 cr | -13.0% | 1.0% | 1.9x |
| 2024-07 | — | ₹2786 cr | -13.0% | 1.0% | 1.9x |
| 2024-06 | — | ₹2786 cr | -13.0% | 1.0% | 1.9x |
| 2024-05 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2024-04 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2024-03 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2024-02 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2024-01 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2023-12 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2023-11 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2023-10 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2023-09 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2023-08 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2023-07 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2023-06 | — | ₹2465 cr | -0.9% | 5.0% | 1.6x |
| 2023-05 | 345.6x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2023-04 | 369.0x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2023-03 | 367.8x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2023-02 | 409.7x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2023-01 | 471.6x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2022-12 | 483.5x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2022-11 | 475.2x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2022-10 | 512.0x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2022-09 | 477.9x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2022-08 | 496.3x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2022-07 | 471.4x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2022-06 | 422.7x | ₹1666 cr | 1.4% | 5.0% | 1.1x |
| 2022-05 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2022-04 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2022-03 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2022-02 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2022-01 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2021-12 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2021-11 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2021-10 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2021-09 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2021-08 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2021-07 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2021-06 | — | ₹1075 cr | -0.7% | 4.0% | 0.7x |
| 2021-05 | 101.7x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2021-04 | 97.5x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2021-03 | 102.4x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2021-02 | 97.4x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2021-01 | 90.2x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2020-12 | 93.5x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2020-11 | 82.8x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2020-10 | 71.0x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2020-09 | 72.7x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2020-08 | 70.2x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2020-07 | 66.0x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2020-06 | 64.0x | ₹1662 cr | 10.7% | 18.0% | 1.1x |
| 2020-05 | 46.9x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2020-04 | 50.7x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2020-03 | 41.8x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2020-02 | 65.6x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2020-01 | 58.6x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2019-12 | 48.6x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2019-11 | 51.7x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2019-10 | 58.1x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2019-09 | 61.9x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2019-08 | 58.4x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2019-07 | 55.0x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2019-06 | 65.0x | ₹1434 cr | 15.2% | 29.0% | 0.0x |
| 2019-05 | 57.5x | ₹1222 cr | 22.5% | 35.0% | 0.0x |
| 2019-04 | 64.9x | ₹1222 cr | 22.5% | 35.0% | 0.0x |
| 2019-03 | 62.8x | ₹1222 cr | 22.5% | 35.0% | 0.0x |
| 2019-02 | 60.1x | ₹1222 cr | 22.5% | 35.0% | 0.0x |
| 2019-01 | 59.3x | ₹1222 cr | 22.5% | 35.0% | 0.0x |