āagman

Not investment advice. Data and computed figures, for information only.

V2 Retail Ltd

NSE: V2RETAIL
₹166.25
−₹4.39 (−2.57%)
NSE · 15 Oct 2026, close
NSE
As of 31 Mar 2026
Market Cap
₹5,634 Cr
CMP
₹166.25
52-wk High / Low
₹2,564 / 149
P/E
35.5
P/B
6.2
Book Value
₹24.8
Div Yield
0.00%
ROCE
19.0%
ROE
22.9%
Face Value
₹1
D/E
1.10

Price−93.0% over 1Y

āagman read

Computed by āagman
Derived from 12 years and 13 quarters of filings. Not reported by the company.
As of 15 Oct 2026
How we compute these
Piotroski F-Score
4
/ 9
4 of 9 F-score tests passed
Graham Number
₹50
√(22.5 × EPS × book value per share)
ROIC
11.5%
vs 7.6% sector median
Cash flow to profit
−0.64
CFO / PAT
Above 1.0 = operating cash flow exceeded reported profit
Margin change
+18
bps OPM YoY
Operating margin vs the same quarter last year
Sustainable growth
22.9%
ROE × earnings retention ratio
ROE stability
11.0
pp σ
Standard deviation of ROE across periods. Lower = more stable
Holder deltas
QoQ
pp
Prom +0.00FII +0.49DII +1.37
Latest quarter vs the previous one
Cash-accrual divergence
13.2%
of assets
Low = accruals track cash flow
Strengths
+PE of 35.5x is below the sector median of 41.4x
Watch-outs
−Price trades below its 200-day moving average (0.2x)
−Price is 93.5% below its 52-week high
−Annualised volatility of 231.8% is in the high band (≥45%)
−Promoter holding fell by 2.1pp over the last year
−Balance-sheet accruals of 13.2% of average assets — earnings are not cash-backed

Peer comparison

Peers
NameP/EMar Cap ₹ CrROCE %ROE %

Quarterly results

Consolidated basis (as filed) · ₹ Cr · 13 quarters
As of 30 Jun 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales264231374296415380591499632709929797997
Expenses228211313265360347479441545623755688858
Operating Profit362061315533111588785174109139
OPM %13.6%8.7%16.3%10.5%13.3%8.7%18.8%11.6%13.8%12.0%18.7%13.7%13.9%
Other Income12311312113241
Interest10121213141518212328222425
Depreciation18182119212326283238466764
Profit before tax8−831022−2691033211382252
Net Profit6−624416−251625171031842
EPS (₹)0.18−0.160.680.100.47−0.061.480.190.710.502.820.481.15

Profit & Loss

As of 30 Jun 2026
Consolidated · ₹ Cr · 12 years + TTM
Mar 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales1,105421092292877015386298391,1651,8843,0673,432
Expenses1,565521082232586244885627531,0161,6242,5952,924
Operating Profit−460−9152877506785149260472508
OPM %−41.6%−21.4%0.9%2.2%9.8%11.0%9.3%10.7%10.1%12.8%13.8%15.4%14.8%
Other Income−4111221523167762538
Interest918791033333942497010099
Depreciation473232515659677799182214
Profit before tax−639−19−7−5189−15−15−173198215233
Net Profit−415−35−5−4109−13−12−132872162179
EPS (₹)−18.54−1.55−0.24−0.190.410.26−0.38−0.34−0.370.802.084.444.95

Balance Sheet

As of 30 Jun 2026
Consolidated · ₹ Cr
Mar 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026Jun 2026
Equity Capital222222222434343434353536—
Reserves−255252247240251245235224213240312866—
Borrowings76657718469326396398424525871995—
Other Liabilities24511283961115148136123227381525—
Total Liabilities7783433683854057218137927931,0271,5992,422—
Fixed Assets222791418339395394408480863968—
CWIP0010145000436—
Investments0333231300000000—
Other Assets5573033263403553784143983855477321,418—
Total Assets7783433683854057218137927931,0271,5992,422—

Cash Flows

As of 31 Mar 2026
Consolidated · ₹ Cr
Mar 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity57−38−121235743598693201−103
Cash from Investing Activity5−1−4−7−67−20−16−12−39−130−219
Cash from Financing Activity−6668−4−30−28−22−58−76−50−71319
Net Cash Flow−4−33−80−152−39−15−250−3

Ratios

As of 31 Mar 2026
12 periods
Mar 2010Mar 2012Mar 2013Mar 2014Mar 2015Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
ROCE %−68.0—0.01.08.0—3.04.04.011.017.019.0
ROE %———————————22.9
EPS (₹)−18.54−1.55−0.24−0.190.410.26−0.38−0.34−0.370.802.084.44
Book Value (₹)———————————24.8
Face Value (₹)———————————1
P/E———————————35.5
Div Yield %———————————0.00
NPM %−39.0−81.4−4.5−1.73.51.3−2.3−1.9−1.52.43.85.2
OPM %−42.0−21.00.92.210.011.09.011.010.013.014.015.0
D/E—0.210.260.320.251.171.471.541.721.912.511.10
P/B———————————6.2

Growth

As of 11 Oct 2026
Compounded sales growth
5 years+42.0%
3 years+54.0%
TTM+63.0%
Compounded profit growth
5 years+67.0%
3 years+135.0%
TTM+97.0%
Stock price CAGR
10 years+28.0%
5 years+55.0%
3 years+110.0%
Last year−35.0%
Return on equity
5 years13.0%
3 years20.0%
Last year23.0%

Shareholding pattern

As of 31 Mar 2026
Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026
Promoters52.71%52.71%51.36%51.14%53.62%54.00%53.56%53.57%54.28%54.24%51.43%51.43%
FIIs0.00%0.00%9.44%10.37%6.45%6.45%6.44%6.40%6.57%1.31%2.62%3.11%
DIIs0.09%0.09%1.97%4.52%5.22%0.00%1.54%1.91%0.36%6.70%9.28%10.65%
Government0.00%0.00%0.00%0.00%0.01%0.00%0.00%0.00%0.00%0.00%0.00%0.00%
Public47.19%47.19%37.23%33.97%34.71%39.55%38.46%38.13%38.80%37.75%36.67%34.82%
No. of shareholders17,56917,56923,91723,22524,37721,55219,49319,59716,24435,12545,02552,967
Change since Jun 2023 (pp)
Promoters −1.28FIIs +3.11DIIs +10.56Public −12.37

Documents

As of 11 Oct 2026
Announcements
Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018Q2 FY27 Business Update-Network Expansion Continues Ahead Of The Festive QuarterUpdates on Disclosures under Reg. 10(5) in respect of acquisition under Reg. 10(1)(a) of SEBI (SAST) Regulations, 2011Closure of Trading WindowAnnouncement under Regulation 30 (LODR)-Credit Rating
Annual reports
Annual Report 2026Annual Report 2025Annual Report 2024Annual Report 2023Annual Report 2022
Credit ratings
Rating updateRating updateRating updateRating updateRating update
Concalls
Aug 2026TranscriptAug 2026PPTAug 2026RecordingJun 2026TranscriptJun 2026PPTJun 2026RecordingFeb 2026TranscriptFeb 2026PPTNov 2025TranscriptNov 2025PPTNov 2025RecordingAug 2025TranscriptAug 2025PPTAug 2025Recording

Corporate actions

As of 25 Mar 2026
25 Mar 2026SPLITFace Value Split (Sub-Division) - From Rs 10/- Per Share To Re 1/- Per Share10 : 1
Fundamentals from a third-party compiler of exchange filings; prices from the exchanges. Not investment advice.© 2026 āagman