āagmanLoginNot investment advice. Data and computed figures, for information only.
Meesho Ltd
₹223.80
−₹4.55 (−1.99%)
NSE · 15 Oct 2026, close
Market Cap
₹1,07,724 Cr
CMP
₹223.80
52-wk High / Low
₹254 / 126
P/B
24.3
Book Value
₹9.6
Div Yield
0.00%
ROCE
−40.0%
ROE
−46.2%
Face Value
₹1
D/E
0.01
Price+31.6% over Max
āagman read
Computed by āagmanPiotroski F-Score
2
/ 9
2 of 9 F-score tests passed
ROIC
−34.4%
vs 7.6% sector median
Margin change
+448
bps OPM YoY
Operating margin vs the same quarter last year
ROE stability
103.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom −0.23FII +5.67DII +8.04
Latest quarter vs the previous one
Cash-accrual divergence
33.3%
of assets
Low = accruals track cash flow
Strengths
+Price trades above its 200-day moving average (1.2x)
Watch-outs
−Latest ROCE of -40% trails the sector median of 13%
−Annualised volatility of 55.3% is in the high band (≥45%)
−Piotroski F-Score of 2/9 is in the weak band (≤3)
−Balance-sheet accruals of 33.3% of average assets — earnings are not cash-backed
Peer comparison
| Name | P/E | Mar Cap ₹ Cr | ROCE % | ROE % |
|---|
Quarterly results
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 2,679 | 2,400 | 2,504 | 3,074 | 3,518 | 3,531 | 3,713 |
| Expenses | 2,809 | 2,631 | 2,768 | 3,530 | 4,056 | 3,786 | 3,937 |
| Operating Profit | −131 | −231 | −264 | −456 | −539 | −255 | −225 |
| OPM % | −4.9% | −9.6% | −10.5% | −14.8% | −15.3% | −7.2% | −6.1% |
| Other Income | 160 | −1,158 | 34 | 136 | 75 | 116 | 114 |
| Interest | 2 | 1 | 1 | 1 | 4 | 2 | 2 |
| Depreciation | 12 | 5 | 8 | 9 | 11 | 19 | 20 |
| Profit before tax | 15 | −1,395 | −240 | −330 | −479 | −160 | −133 |
| Net Profit | −37 | −1,391 | −289 | −411 | −491 | −166 | −133 |
| EPS (₹) | −4.44 | −159.79 | −1.49 | −2.11 | −1.09 | −0.36 | −0.29 |
Profit & Loss
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 5,735 | 7,615 | 9,390 | 12,626 | 13,835 |
| Expenses | 7,533 | 8,109 | 9,968 | 14,111 | 15,310 |
| Operating Profit | −1,799 | −494 | −578 | −1,485 | −1,475 |
| OPM % | −31.4% | −6.5% | −6.2% | −11.8% | −10.7% |
| Other Income | 155 | 231 | −835 | 332 | 441 |
| Interest | 1 | 6 | 7 | 9 | 10 |
| Depreciation | 30 | 58 | 34 | 47 | 58 |
| Profit before tax | −1,675 | −328 | −1,455 | −1,209 | −1,102 |
| Net Profit | −1,675 | −328 | −3,942 | −1,358 | −1,201 |
| EPS (₹) | −213.79 | −41.82 | −452.68 | −2.97 | −3.85 |
Balance Sheet
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|
| Equity Capital | 8 | 0 | 0 | 456 | — |
| Reserves | 2,169 | 2,230 | 1,445 | 3,930 | — |
| Borrowings | 0 | 72 | 58 | 63 | — |
| Other Liabilities | 1,376 | 1,859 | 5,722 | 3,458 | — |
| Total Liabilities | 3,553 | 4,161 | 7,226 | 7,907 | — |
| Fixed Assets | 56 | 112 | 96 | 195 | — |
| CWIP | 2 | 0 | 0 | 0 | — |
| Investments | 2,053 | 744 | 4,983 | 1,210 | — |
| Other Assets | 1,442 | 3,305 | 2,147 | 6,502 | — |
| Total Assets | 3,553 | 4,161 | 7,226 | 7,907 | — |
Cash Flows
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Cash from Operating Activity | −2,303 | 220 | 539 | −3,875 |
| Cash from Investing Activity | −1,289 | −165 | −2,638 | 247 |
| Cash from Financing Activity | 3,263 | −11 | 2,105 | 4,101 |
| Net Cash Flow | −328 | 44 | 7 | 473 |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| ROCE % | — | −15.0 | −9.0 | −40.0 |
| ROE % | — | — | — | −46.2 |
| EPS (₹) | −213.79 | −41.82 | −452.68 | −2.97 |
| Book Value (₹) | — | — | — | 9.6 |
| Face Value (₹) | — | — | — | 1 |
| P/E | — | — | — | — |
| Div Yield % | — | — | — | 0.00 |
| NPM % | −28.4 | −4.2 | −46.1 | −10.5 |
| OPM % | −31.0 | −6.0 | −6.0 | −12.0 |
| D/E | 0.00 | 0.03 | 0.04 | 0.01 |
| P/B | — | — | — | 24.3 |
Growth
Compounded sales growth
3 years+30.0%
TTM+34.0%
Compounded profit growth
3 years+6.0%
TTM+49.0%
Return on equity
3 years−63.0%
Last year−46.0%
Documents
Announcements
Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseAnnouncement under Regulation 30 (LODR)-Updates on AcquisitionCompliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Announcement under Regulation 30 (LODR)-Press Release / Media ReleaseGrant Of Stock Options Under Meesho Limited - Employee Stock Option Plan, 2024Annual reports
Annual Report 2026Corporate actions
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman