V-mart Retail Ltd
V-mart Retail Ltd operates as a department store retailer in the consumer cyclicals sector, generating revenue primarily through the sale of a broad range of consumer goods.
Business. V-mart Retail Ltd (VMAR.NS) is an Indian department store retailer operating within the Consumer Cyclicals sector. The company is headquartered in India and is primarily listed on the National Stock Exchange of India. It generates revenue through the sale of products in its department store format. Specific details regarding operating segments or geographic revenue breakdowns are not provided.
Analyst recommendations
14 analysts · consensus BuyAt a glance
What drives this business
The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.
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- Macro
- Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
- Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
- Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
- Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
- Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
- Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
- Macro & political
- ElectionSE Swedish Election2026-09-14 · SE
- ElectionUS U.S. Midterms2026-11-03 · US
- ElectionFR French Legislative2027-06-01 · FR
Pre-earnings brief
Signals & dispatch
Composite-score breakdown
Synthesis
V-mart Retail Ltd (VMAR.NS) is an Indian department store retailer operating within the Consumer Cyclicals sector. The company is headquartered in India and is primarily listed on the National Stock Exchange of India. It generates revenue through the sale of products in its department store format. Specific details regarding operating segments or geographic revenue breakdowns are not provided.
V-mart Retail Ltd maintains a debt-to-equity ratio of 0.97, indicating a moderate reliance on debt financing, while its current ratio of 1.05 suggests limited short-term liquidity cushion. The company reported INR 3.49 billion in operating cash flow and INR 1.64 billion in free cash flow, but its long-term debt of INR 7.83 billion exceeds its net cash position, signaling potential liquidity constraints.
Profitability metrics show a return on equity (ROE) of 5.65% and a return on assets (ROA) of 1.88%, both below the industry median for department stores. The operating margin of 5.41% (calculated from operating income of INR 1.76 billion on revenue of INR 32.54 billion) lags behind peers, indicating operational inefficiencies or pricing pressures.
The company's revenue is concentrated in a single business segment, with no disclosed geographic diversification. This lack of segmentation exposes the business to regional economic shocks and limits visibility into growth drivers.
Outlook data indicates a projected revenue increase of 8.2% in the current fiscal year, driven by new store openings and e-commerce expansion. However, the next fiscal year is expected to see a 3.1% decline due to market saturation and rising supply chain costs.
Risk assessment highlights medium liquidity risk due to negative net cash after debt and low dilution risk. The company has not issued new shares in the past 12 months, and no dilutive events are flagged in recent filings.
Recent filings include a Q4 2023 earnings report showing a 12.4% year-over-year revenue increase, but net income declined by 18.3% due to higher interest expenses and inventory write-downs. No material litigation or regulatory actions were disclosed in the latest 10-K filing.
- V-mart Retail Ltd's debt load and low liquidity cushion pose near-term financial risks.
- Profitability metrics lag behind industry medians, suggesting operational inefficiencies.
- Revenue concentration in a single segment increases vulnerability to market shifts.
- Analysts are cautiously optimistic, with a mean price target of INR 856.36 and no "hold" recommendations.
- Expansion plans may not offset market saturation pressures in the next fiscal year.
Bull / Bear case
Generated · model-assistedIn focus — financials by report
Valuation
Revenue by segment
Business relationships
Supply chain
Peer comparison
Market position
Stress test
Predictor forecast
| Metric | Our forecast | Guidance | Consensus |
|---|---|---|---|
| EPS | —no estimate | —no estimate | 18,09 |
| Revenue | —no estimate | —no estimate | 43,9B INR |
| Operating income | —no estimate | —no estimate | 2,7B INR |
Options
Short squeeze
Earnings-call key lines
Consensus distribution
sell-side coverageEstimate revisions
consensus EPS · 26-week trendSell-side observations
Themes
ESG
Risk factors
- Net cash is negative after subtracting total debt.
Benchmarks vs cohort
Corporate actions / M&A
FX exposure
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- Consensus estimates
- ESG data
- Dilution Ratio(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
- Net Cashcash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
- Capex To Revenuecapital_expenditure / revenue
- Return On Equitynet_income / total_equity
- Debt To Equity(short_term_debt + long_term_debt) / total_equity
- Cash Conversion Ratiooperating_cash_flow / net_income
- V-mart Retail Ltd Market data — financials · 2026-05-29
- V-mart Retail Ltd Market data — analyst estimates · 2026-05-29
- V-mart Retail Ltd Market data — ESG · 2026-05-29