V-Mart Retail Limited (VMART) fair value: what the stock is really worth
As of Oct 1, 2026: fair value of V-Mart Retail Limited ₹429, price ₹746, upside -42.5%, quality 67 out of 100. Calculated from audited financials with 26 valuation models and 37 quality factors, updated daily.
69 individual criteria per stock, every one traceableSee the method →
Price vs Fair Value
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Sep 27, 2026.
How to read this chart
60‑month range ₹405.79 – ₹1,122 · fair‑value band ₹300.48 – ₹558.04 · the ₹746.10 price screens above the ₹429.26 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Sep 27, 2026.
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V-Mart Retail Limited operates a chain of retail departmental stores in India. The company offers casual, formal, ethnic, sports and activewear, and inner wear for men; Western, ethnic, sports and activewear, inner, and night wear for women; and apparel for boys, girls, and infants, as well as inner wear and accessories.
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V-Mart Retail Limited operates a chain of retail departmental stores in India. The company offers casual, formal, ethnic, sports and activewear, and inner wear for men; Western, ethnic, sports and activewear, inner, and night wear for women; and apparel for boys, girls, and infants, as well as inner wear and accessories. It also provides non-apparel products, such as fashion accessories, footwear, home needs, bags/luggage, and toys and games; and general merchandise products, including personal and home essentials, package food, non-food, and staples; as well as home furnishings. The company was incorporated in 2002 and is headquartered in Gurugram, India.
Stock analysis
V-Mart Retail Limited (VMART) currently trades at ₹746.10, while our model-based Fair Value estimate is ₹429.26, 42.5% below the price, so the stock looks overvalued today.
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Valuation
Bull case: the DCF Models group reads highest at a median of ₹747.07 per share, and 7 of the 24 models we run sit above the ₹746.10 price.
Bear case: the Asset-Based group reads lowest at ₹80.11, and 17 of the 24 models stay below the price. Evidence for this calculation is medium.
Scenario range: ₹300.48 (bear) to ₹558.04 (bull), the price of ₹746.10 sits above it. Bear and bull are the same models on cautious and optimistic assumptions, a range, not a price target.
Quality & growth
The Quality Score stands at 67/100 (solid quality), in the Consumer Cyclical sector.
Healthy Growth: Revenue growth appears healthy and is supported by profitability and cash-flow quality.
V-Mart Retail Limited reported revenue of ₹37.9B in FY2026 versus ₹16.7B in FY2022, a compound +22.8%/yr. Reported net income was ₹1.2B in FY2026, compounding +80.7%/yr from FY2022.
Key figures
Market cap ₹62.8B (≈ $653M) · P/E ratio 63.7 · P/S ratio 2.08 · EPS (TTM) ₹11.71 · Net margin 3.3% · Return on equity 14.1% · Return on assets (EBIT) 9.3% · Operating margin 2.7%.
Competitive moat
Our AI-assisted moat analysis scores the competitive advantage at 42 out of 100 (low confidence).
What moves the price
The share trades about 15% below its 52-week high and 57% above its 52-week low, currently above its 200-day average.
For context, the median of 10 Consumer Cyclical peers we cover trades at −6% fair-value upside, at −42%, VMART screens richer than that median.
Fair Value models
Bear ₹300.48Fair Value ₹429.26Bull ₹558.04
Model ⓘEach model values the company its own way (discounted cash flow, earnings, assets, dividends). The fair value above is their evidence-weighted blend, not the output of a single model. Based on fiscal year 2026 figures (about 6 months old). Earnings retained since then (₹5.97 per share) are deliberately not added.Bear ⓘBear = the cautious scenario: the same model computed with conservative anchors (lower growth, margins and valuation multiples). Together with Bull it frames a plausible valuation range, not a price target.BaseBull ⓘBull = the optimistic scenario: the same model computed with favourable anchors (higher growth, margins and valuation multiples). Together with Bear it frames a plausible valuation range, not a price target. If a model's bull case is above four times its base value, the table shows that limit with a > sign (like the overall Bull above): beyond it no assumption holds.Evidence ⓘEvidence = how well-backed THIS model's estimate is for this stock (0–100): how complete and reliable its input data are, and how well the model fits the company. The final Fair Value is an evidence-weighted blend, so better-evidenced models count more. Green ≥70, amber 50–69, grey below 50.
Growth Quality ⓘGrowth is valuable only when reinvestment earns attractive returns (Aswath Damodaran): sustainable growth depends on return on capital, reinvestment and efficiency. Basis: total company revenue over the periods shown on the cards (3Y/5Y/all years), not per share, so a merger can show up as a growth jump; per-share earnings growth is in the value-creation card.95/100
Revenue growth appears healthy and is supported by profitability and cash-flow quality.
Revenue growth 1 year
+16.5%
Revenue growth 3 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+15.4%
Revenue growth 5 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+28.6%
Start year 2021 (pandemic). Over 10 years: +16.7% a year
Revenue growth 18 years ⓘMeasures the company's TOTAL revenue from reported annual statements: compound average growth per year (CAGR) from the fiscal year 3, 5 or N years back to the most recent comparable fiscal year. Not per share: buybacks do not change this number, and a merger can appear as a growth jump. Per-share growth (which does include buybacks) is in the value-creation card.
+22.5%
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Profit margin (trend) ⓘOperating margin then vs now, from reported annual statements. A falling margin after a boom year is the classic peak-earnings signal: the growth rate then leans on an inflated base.
Price, fair value, quality and upside side by side.
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Peer GroupⓘHow this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.Department Stores · 106 stocks
Beats the industry median on 5/8 measures
Overall it ranks above its industry peers.
Valuation
Quality Score67 · Top 25%
Fair Value upside−42.5% · Bottom 25%
Profitability
Return on equity (TTM)14.1% · Top 25%
Return on assets5.2% · Top 25%
Net margin (TTM)3.3% · Above median
Operating margin (TTM)2.7% · Below median
Growth and dividend
Revenue growth24.5% · Top 25%
Valuation Multiplesvs Department Stores median · lower = cheaper
P/E (TTM)63.7× · Priciest 25%
Strength profile in five axes (Snowflake)
This stockSector peers
VALUE (fair-value potential)0· sector 42
FUTURE (revenue growth)100· sector 2
PAST (return on equity)56· sector 20
HEALTH (low debt)100· sector 95
DIVIDEND (yield)0· sector 42
VALUE 0: the price sits above our fair-value range.
For bloggers, editors and developers: paste this into your site or blog (a “Custom HTML” block in WordPress), it shows the current fair value and links back here. Free, plain HTML, and welcome. Full data streams (CSV/JSON) at /developers.
Is V-Mart Retail Limited (VMART) overvalued or undervalued?
As of Sep 27, 2026, our model estimates a fair value of ₹429.26 versus a price of ₹746.10, about −42% upside (overvalued).
What is the fair value of VMART?
Our model-based fair value for V-Mart Retail Limited is ₹429.26 (as of Sep 27, 2026), built from audited fundamentals. The current price: ₹746.10.
What is the quality score of VMART?
V-Mart Retail Limited has a Quality Score of 67/100. It measures business quality (profitability, growth, cash flow, balance-sheet strength, investment discipline, share issuance). Market factors such as price momentum and volatility do not enter the number; they are shown separately in the detail view.
What is the price target for V-Mart Retail Limited (VMART)?
Our model-based price target is the fair value of ₹429.26 (as of Sep 27, 2026) from 24 valuation models. Cautious scenario ₹300.48, optimistic scenario ₹558.04. It is a calculation from audited fundamentals, not an analyst target.
What is the V-Mart Retail Limited stock forecast for 2026?
Our models put fair value at ₹429.26, about −42% upside versus a price of ₹746.10 (overvalued). Cautious scenario ₹300.48, optimistic scenario ₹558.04. The calculation is refreshed regularly with new filings.
What is the revenue of V-Mart Retail Limited (VMART)?
V-Mart Retail Limited reported trailing-twelve-month revenue of about ₹37.9B (latest available figure, as of Sep 27, 2026).
What is the intrinsic value of V-Mart Retail Limited (VMART)?
Intrinsic value and fair value mean the same thing: what the business is worth on its numbers, independent of the share price. For V-Mart Retail Limited it is ₹429.26 per share (as of Sep 27, 2026), against a price of ₹746.10. It is the blended result of 24 valuation models (cash flow, earnings, asset, dividend).
Is V-Mart Retail Limited stock overvalued or undervalued in 2026?
As of Sep 27, 2026, VMART trades above its calculated fair value: price ₹746.10, fair value ₹429.26, a gap of about −42% (overvalued). The calculation is refreshed with each new quarterly report, so the verdict can change during the year.
Is fair value the same as the market price of VMART?
No. The price is what the market pays today (₹746.10); the fair value is what the company's own numbers justify (₹429.26). For V-Mart Retail Limited the two are ₹316.84 per share apart. That gap is exactly why we show both numbers side by side.
How much is V-Mart Retail Limited worth?
The market values V-Mart Retail Limited at about ₹62.8B (market capitalisation, as of Sep 27, 2026). Per share that is ₹746.10; our models calculate a fair value of ₹429.26 per share.
What do the bullish and bearish scenarios say about VMART?
Our models span a range for V-Mart Retail Limited: cautious scenario ₹300.48, base ₹429.26, optimistic ₹558.04 per share (as of Sep 27, 2026, price ₹746.10). The range comes from different growth and margin assumptions, not from analyst opinions.
What is the P/E ratio of VMART?
V-Mart Retail Limited trades at a price-to-earnings ratio of 63.7 (as of Sep 27, 2026). A P/E on its own says little: it compares the price with ONE year of profit, while our fair value of ₹429.26 is built from several models across several years.
How solid is the balance sheet of V-Mart Retail Limited (VMART)?
Balance-sheet figures for V-Mart Retail Limited (as of Sep 27, 2026): return on equity 14.1%. They feed the Quality Score of 67/100, which measures business quality independently of the share price.
How far is VMART from its 52-week high?
V-Mart Retail Limited trades at ₹746.10, about 15% below its 52-week high of ₹880.17 and 57% above the low of ₹476.56 (as of Oct 1, 2026). Distance from the high says nothing about value: that is what the fair value of ₹429.26 is for.
Which stocks are comparable to V-Mart Retail Limited?
From the same area (Consumer Cyclical) we also value Falabella S.A, Dillard's, Inc, 99 Speed Mart Retail Holdings, Macy's, Inc, among others. Each of them has its own fair-value calculation on this site using the same models, so the comparison is like for like.
Is V-Mart Retail Limited stock attractive at the current price?
The data as of Sep 27, 2026: price ₹746.10, calculated fair value ₹429.26 (−42%), Quality Score 67/100, from 24 models. Whether that fits your horizon and risk tolerance is your call. We provide the calculation, not investment advice.
How is the fair value of VMART calculated?
We run V-Mart Retail Limited through 24 models from four families: discounted cash flow, earnings models, asset and balance-sheet models, and dividend models. Every model gets the same audited fundamentals; the result is the weighted average of ₹429.26, with the spread shown as a cautious and an optimistic scenario.
Is it still worth investing in stocks now?
The global stock market currently sits 14.5 % above its aggregate fair value. V-Mart Retail Limited itself currently trades above fair value. An expensive market is no reason to stay out and no reason to buy everything at once: keep a broad savings plan running, buy single stocks only with money you can do without, and hold part of your money liquid while the market is high. The full picture including sectors is on is it worth investing now.
What is the share price of V-Mart Retail Limited (VMART)?
The closing price on Oct 1, 2026 was ₹746.10. Our model-based fair value is ₹429.26, about −42% upside (overvalued). We carry closing prices from our data provider, not a live tick.
What should I pay attention to with V-Mart Retail Limited right now?
The price sits above even our optimistic bull case (₹558.04). The favourable scenario is already priced in. Solid but not exceptional quality (67/100) and above fair value, neither a clear bargain nor a standout compounder. A fairly wide model range (₹300.48 to ₹558.04) leaves room in how you read the outcome.
Where does the earnings growth of V-Mart Retail Limited (VMART) come from?
Earnings per share at V-Mart Retail Limited grew +15.7 % a year from 2015 to 2026. Broken into its drivers: revenue per share +23.6 %, EBIT margin +8.3 %, tax rate +2.7 %, residual (interest, one-offs) −15.8 %. The four rates multiply to the earnings growth rate, they do not add up. Start and end are three-year averages so a single exceptional year does not distort the result.
Key figures of V-Mart Retail Limited
How large is the market capitalisation of V-Mart Retail Limited (VMART)?
The market capitalisation of V-Mart Retail Limited is ₹62.8B (≈ $653M). The stock-market value of the whole company: share price times number of shares. It is what the market asks for the entire business today.
What is the P/S ratio of V-Mart Retail Limited (VMART)?
The price-to-sales ratio of V-Mart Retail Limited is 2.08 (P/E × margin). Price to sales: market value relative to yearly revenue. Useful when profit is thin or distorted.
What are the earnings per share of V-Mart Retail Limited (VMART)?
Earnings per share at V-Mart Retail Limited are ₹11.71 (price ÷ EPS = P/E 63.7). Earnings per share over the last twelve months: total profit spread across every single share.
What is the net margin of V-Mart Retail Limited (VMART)?
The net margin of V-Mart Retail Limited is 3.3% (fiscal year 2026). How much of every unit of revenue ends up as profit. 10% means 10 cents of profit per dollar of sales.
What is the return on equity of V-Mart Retail Limited (VMART)?
The return on equity (ROE) of V-Mart Retail Limited is 14.1% (last twelve months). Profit relative to shareholders' equity, how efficiently the company works with its owners' money.
What is the EBIT return on assets of V-Mart Retail Limited (VMART)?
On an EBIT basis the return on assets of V-Mart Retail Limited is 9.3% (avg 5y). Operating profit (EBIT) relative to everything the company owns, as a multi-year average. It describes the business model rather than one good or bad year.
What is the operating margin of V-Mart Retail Limited (VMART)?
The operating margin of V-Mart Retail Limited is 2.7% (last twelve months). Profit from the core business (before interest and taxes) relative to revenue.
How fast is revenue growing at V-Mart Retail Limited (VMART)?
Revenue at V-Mart Retail Limited is growing +24.5% versus a year earlier (3y avg +15.4%). How much revenue grew versus a year earlier (YoY). The 3-year average next to it puts the single year in context.
How fast are earnings growing at V-Mart Retail Limited (VMART)?
Earnings per share at V-Mart Retail Limited are growing −35.8% versus a year earlier. How much earnings per share grew versus a year earlier.
How much free cash flow does V-Mart Retail Limited (VMART) generate?
The free cash flow of V-Mart Retail Limited is ₹3.1B (fiscal year 2026). The cash truly left after running and investing in the business, this is what pays dividends and buybacks.
How much net debt does V-Mart Retail Limited (VMART) carry?
The net debt of V-Mart Retail Limited is ₹9.4B (fiscal year 2026, ≈ 3.0 yrs of FCF). Debt minus cash on hand. The note shows how many years of free cash flow could in theory pay it off.
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