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V-Mart Retail Limited (VMART) Fair Value & Analysis

Consumer Cyclical · IN · Market cap ₹62.8B

VM V-Mart Retail Limited VMART · NSE
Price₹797.90
Fair Value₹342.94
Upside-57.0%
Quality67/100
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Evidence: High Range ₹249.34 – ₹431.10

Fair value as of: Jul 3, 2026

From 24 valuation models · updated today

Share price +16.5% over the past month.

Price vs Fair Value (12 months)

₹881.35 ₹477.20 Fair Value ₹342.94 Jul 2025 Jul 2026

12‑month range ₹477.20 – ₹881.35 · fair‑value band ₹249.34 – ₹431.10 · the ₹797.90 price screens above the ₹342.94 fair value. As of Jul 3, 2026.

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Analysis

V-Mart Retail Limited (VMART) currently trades at ₹797.90, while our model-based Fair Value estimate is ₹342.94 — implying the stock looks roughly 57.0% overvalued today. We read business quality at 67/100 (solid quality), in the Consumer Cyclical sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium — the entry price still matters most (evidence: high).

Over the trailing twelve months, V-Mart Retail Limited generated revenue of ₹37.9B at a net margin of 3.3%. Revenue grew 24.5% year over year. It earns a return on equity of 14.1%. Net debt stands at ₹9.4B. Fundamentals as of Jul 3, 2026

Key figures & financial health

Revenue (TTM) ₹37.9B
Revenue growth (YoY) +24.5%
Net margin 3.3%
Return on equity 14.1%
Free cash flow ₹3.1B FY2026
P/E ratio 67.5
More key figures
Operating margin 2.7%
EPS (TTM) ₹11.71
EPS growth (YoY) -35.8%
Net debt ₹9.4B FY2026

Figures from reported company fundamentals (EODHD) · as of Jul 3, 2026. TTM = trailing twelve months.

About the company

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.

Revenue & earnings trend

FY2022 – FY2026 · reported fiscal years

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.

Revenue +22.8%/yr
FY22 ₹16.7B
FY23 ₹24.6B
FY24 ₹27.8B
FY25 ₹32.5B
FY26 ₹37.9B
Net income +80.7%/yr
FY22 ₹116M
FY23 −₹78.5M
FY24 −₹968M
FY25 ₹458M
FY26 ₹1.2B

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Similar stocks

6 more Department Stores stocks, each showing price versus our Fair Value estimate (as of Jul 3, 2026).

Stock Price Fair Value vs Fair Value
Aeon Co AONNY $8.05 $4.68 -42%
Falabella S.A FALABELLA 5,686 CLP 8,880 CLP +56%
SM Investments Corporation SVTMF $10.15 $20.54 +102%
Ryohin Keikaku Co RYKKY $11.15 $6.53 -41%
Shoprite Holdings SRGHY $18.32 $18.67 +2%
Marks and Spencer Group MAKSY $9.46 $15.71 +66%

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Frequently asked questions

Is V-Mart Retail Limited (VMART) undervalued?
As of Jul 3, 2026, our model estimates a fair value of ₹342.94 versus a price of ₹797.90 — about −57% (overvalued). Model-based estimate, not financial advice.
What is the fair value of VMART?
Our model-based fair value for V-Mart Retail Limited is ₹342.94 (as of Jul 3, 2026), built from audited fundamentals. The current price is ₹797.90.
What is the quality score of VMART?
V-Mart Retail Limited has a Quality Score of 67/100, measuring profitability, growth and balance-sheet strength from non-valuation factors.
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 Jul 3, 2026).
What is the net profit margin of VMART?
The net profit margin of V-Mart Retail Limited is about 3.3%, meaning it keeps roughly 3.3% of revenue as net income. Based on the latest reported figures.

How we calculate Fair Value

Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data — nothing guessed.

Educational research only · not financial advice · no buy/sell recommendation. Model-based estimates are not certainties; their reliability depends on data quality and assumptions.