Vishal Mega Mart Ltd.
NSE: VMMVishal Mega Mart Ltd.: A 30-second snapshot
VMM (V-Mart Retail) is a value-format retail chain in the Consumer Goods sector, trading at ₹117.78 — 11.0% below its 200-DMA and 25.27% off its 52-week high. The business reported 5-year revenue growth of 22.2% and earnings growth of 44%, but carries a debt-to-equity of 26.82, a net profit margin of 6.5%, and an ROE of 12.15% that has not crossed 15% in any tracked year. Quality score of 49 ranks highest among the 6 tracked Consumer Goods peers.
P/E
66.5
Forward P/E
43.9
ROE
+12.2%
Debt / Equity
26.82
Profit Margin
+6.5%
Div. Yield
—
5Y ROE > 15%
0/5
5Y FCF > 0
4/5
Quality
54/100
News
5 headlines · 4 positive · 0 negative
VMM: Q4 and FY26 saw double-digit revenue and profit growth, robust SSG, and continued expansion - TradingView
TradingView
VMM: FY26 saw robust revenue and profit growth, with continued expansion and strong private brand performance - TradingView
TradingView
VMM: Strong revenue and profit growth supported by store expansion and robust own brand performance - TradingView
TradingView
VMM: Strong revenue and profit growth in FY26, with unmodified audit opinions and robust cash flows - TradingView
TradingView
Down 35% from peak; this retail chain draws fresh attention from analysts; check targets - Business Today
Business Today
Recent context
- ·Q4 and full-year FY26 results (reported mid-May 2026) showed double-digit revenue and profit growth, robust same-store growth, continued store expansion, and strong private-brand performance, with unmodified audit opinions noted across coverage.
- ·17 analysts track VMM; no consensus rating score is available in this run, so the directional tilt of coverage cannot be characterised from the data.
- ·A Business Today article from April 2026 noted the stock was down 35% from its peak and referenced fresh analyst attention with price targets cited by the publication — at the time of that article, price was materially below current levels.
Strengths
- +5-year revenue CAGR of 22.2% and earnings CAGR of 44% demonstrate sustained top- and bottom-line expansion over the medium term.
- +FCF was positive in 4 of the tracked fiscal years, indicating the business has generally converted earnings into cash.
- +Quality score of 49 ranks 1st out of 6 Consumer Goods peers (ASIANPAINT 23, ETERNAL 41, TITAN 34, TRENT 49, DMART 37 — VMM ties TRENT and leads the rest).
- +Forward PE of 43.91 represents a discount to trailing PE of 66.47, consistent with analyst expectations of earnings growth that would reduce the earnings multiple over the next 12 months.
Weaknesses
- −D/E of 26.82 is materially above what is typical for consumer retail; with a profit margin of 6.5%, interest obligations represent a significant claim on operating income.
- −ROE of 12.15% has not exceeded 15% in any year across the persistence window — the 44% earnings growth has not translated into proportionally higher returns on the equity base.
- −Price is 11.0% below the 200-DMA (₹132.28) and has fallen 3.24% over 1 year and 7.11% over 3 months, reflecting sustained price weakness relative to the longer-term trend.
- −52-week drawdown of -25.27% is among the larger declines in the current Consumer Goods peer set; the stock reached a 52-week high materially above current levels without an identifiable single catalyst for the decline in public data.
Open questions
- ?Does the elevated D/E reflect structured lease liabilities under Ind AS 116, or does it represent direct financial borrowings — and how does the interest coverage ratio trend over the past 3 years?
- ?Given that 5-year earnings growth of 44% has not moved ROE above 15%, where is growth capital being deployed and what is the incremental return on new store openings?
- ?The stock is below its 200-DMA while Q4/FY26 results appear operationally strong — what does the management commentary say about margin trajectory and store-level economics going into FY27?
- ?How does VMM's same-store growth rate and private-label mix compare to DMART and TRENT, and does the quality score gap between them reflect a structural difference or a valuation timing gap?
Peer comparison: Consumer Goods
Ranks 1 of 6 on quality| Symbol | Name | P/E | ROE | Quality |
|---|---|---|---|---|
| VMM | Vishal Mega Mart Ltd.You're viewing | 66.5 | +12.2% | 49 |
| Industry avg | across 5 peers | 79.6 | +19.6% | 37 |
| TRENT | Trent Ltd. | 84.8 | +27.1% | 49 |
| ETERNAL | Eternal Ltd. | — | +1.2% | 41 |
| DMART | Avenue Supermarts Ltd. | 95.6 | +12.9% | 37 |
| TITAN | Titan Company Ltd. | 73.1 | +37.1% | 34 |
| ASIANPAINT | Asian Paints Ltd. | 64.9 | — | 23 |
Technical state
Current price
₹117.78
SMA 50
₹114.95
SMA 200
₹132.28
RSI (14)
44.7 (neutral)
From 52w high
-25.3%
1Y return
-3.2%
3M return
-7.1%
50-DMA
Above
200-DMA
Below
Algorithmic support levels
Algorithmic resistance levels
Risk flags
- highDebt-to-equity of 26.82 is extremely elevated for a consumer retail business; with a net profit margin of 6.5%, interest servicing obligations absorb a material share of operating cash flow.
- highPrice (₹117.78) is 11.0% below the 200-DMA (₹132.28) with a 52-week drawdown of -25.27% and a 1-year price change of -3.24%, indicating sustained underperformance relative to the longer-term trend.
- mediumROE of 12.15% has not exceeded 15% in any year across the persistence window (roeYearsAbove15 = 0); despite 5-year earnings growth of 44%, returns on equity remain structurally modest.
- lowNews sample is limited to 5 articles, all from a single 2-day window in May 2026; sentiment (4 positive, 1 neutral) reflects Q4/FY26 results coverage only and may not capture broader developments.
Cross-section contradictions
- 5-year earnings growth of 44% and a forward PE of 43.91 imply the market prices in continued expansion, yet D/E of 26.82 and ROE persistently below 15% raise the question of whether earnings compound into shareholder equity or are partially absorbed by debt servicing.
- Price is 25.27% below its 52-week high and has declined 3.24% over 1 year, yet Q4/FY26 news coverage consistently reported double-digit revenue and profit growth with robust same-store growth and unmodified audit opinions — a divergence between recent business performance and price trajectory.
For informational purposes only. Not investment advice. VivaTrades is not a SEBI-registered Investment Adviser or Research Analyst. Market data sourced from public feeds; consult a registered adviser before any investment decision.
Fundamentals & technicals: refreshed 25 Jun 2026 · refreshed daily at 01:00 IST
AI synthesis (narrative, snapshot, strengths/weaknesses, peer ranking): generated 15 May 2026 · rotates through NIFTY 500 every ~5 days