Minerva Capital Research Solutions

V2 Retail

NSE: V2RETAILBSE: 532867
Compare with peers
₹ 154.92▼ 1.98 (−1.26%)28 Oct, 03:29 pm IST
Market cap
₹ 591 Cr.
P/E
37.5x
P/B
6.88x
52-week range
149.31 – 259.25
ROE
24%
ROCE
20%
Dividend yield
0%
Debt / equity
1.1
Sector
Retailing
Industry
Speciality Retail
Listed on
NSE, BSE

About

V2 Retail Limited is an India-based retail chain company. The Company is engaged in the business of retail trade of garments, textiles and accessories. The Company offers a portfolio of products, including apparel and lifestyle products. It is focused on northern and eastern India. It caters to the neo-middle class group of population living in Tier 2 and Tier 3 cities. Its product portfolio mix includes men's wear, such as upper, lower, occasion wear, winter wear, sportswear, formal and casual; ladies wear, such as ethnic wear, upper, lower, occasion wear, winter wear and sportswear; kids wear, such as boy, girls, infants and winter wear, and lifestyle, such as deodorants, wallets, sunglasses and ladies purse, among others. It has a presence in 17 states of India with 130 fashionable operational stores. Its brands include ebellia, Glamora, GODSPEED, HERRLICH and Honey Brats. Its subsidiary V2 Smart Manufacturing Private Limited is engaged in the manufacturing of apparels.

Quick check

The five things to look at first. Open one for more.

Compared with its industry

Speciality Retail: 28 companies →

V2 Retail against the typical company in its industry. The rank is out of the companies that report each figure; green means the better quarter of the pack, red the worse quarter.

  • Valuation (P/E)37.5 against a typical 37.3: pricier than most peers (1st = cheapest).15th of 28
  • Sales growth+58.3% against a typical +15.4% from a year earlier.3rd of 23
  • Profit growth+50% against a typical +18.3% from a year earlier.5th of 18
  • Share price, 3 months−29.3% against a typical −17.4%.21st of 25
  • Size₹ 591.5 Cr. market value against a typical ₹ 464.2 Cr. (1st = largest).12th of 27

Credit ratings

Every rating action on file, newest first, including reaffirmations. Open a row for the agency's reasoning. All credit rating updates

Adequate safety

Rated A by India Ratings
A
DefaultRiskyModerateSafeVery safe
  • No warnings from the agency.
AgencyCurrent ratingOutlookAs of
India RatingsIND A; IND A1Positive1 Sep 2026
Credit rating actions
RatingDetails
1 Sep 2026
▲ Upgrade
IND A—India Ratings₹ 125 Cr.

Fund raises

QIPs, preferential issues, warrants and rights issues, one row per filing, newest first. Open a row for details. All fund raise updates

Equity fund raises
StageDetails
3 Nov 2025Preferential issueBoard approved₹ 399.99 Cr.₹ 2,134−92.74%

Board meetings

Results dates and other board meetings. Full calendar

Details
3 Nov 2026UpcomingFinancial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2026 and other business matters
13 Aug 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2026 and other business matters
28 May 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended March 31, 2026 and other business matters.
3 Feb 2026Financial Results/Other business mattersTo consider and approve the financial results for the period ended December 31, 2025 and other business matters
14 Nov 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended September 30, 2025 and other business matters.
30 Jul 2025Financial Results/Fund Raising/Other business mattersTo consider and approve the financial results for the period ended Jun 30, 2025, Fund Raising and other business matters.
27 May 2025Financial Results/Other business mattersTo consider and approve the financial results for the period ended March 31, 2025 and other business matters.

Share price

1Y change −31.05%
Volume (shares)Price (₹)
Close price

Financials

Consolidated figures in ₹ crore.

Quarterly results
₹ Cr.Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales231374296415380591499630705927798997
Expenses213313266362349480441539619750685858
Operating Profit1961305331111579086177113140
OPM %8%16%10%13%8%19%11%14%12%19%14%14%
Other Income2311201102601
Interest121112131518212228222425
Depreciation172018202226273237456764
Profit before tax−832021−3681037211352252
Tax %−33%25%−1,073%25%−21%25%36%25%14%27%18%19%
Net Profit−624416−35172818991842
EPS in Rs−0.160.70.110.46−0.071.470.190.80.522.720.51.15

Growth and returns

Compounded yearly rates over each period.

Compounded Sales Growth
10 Years
25%
5 Years
42%
3 Years
54%
TTM
63%
Compounded Profit Growth
10 Years
31%
5 Years
73%
3 Years
130%
TTM
98%
Stock Price CAGR
10 Years
42%
5 Years
82%
3 Years
147%
TTM
—
Return on Equity
10 Years
10%
5 Years
13%
3 Years
21%
TTM
—

Shareholding

Latest: Jun 2026.

Promoters
51.43%
−2.79 pts in a year
FIIs
3.11%
+1.21 pts in a year
DIIs
10.65%
+3.3 pts in a year
Public
34.82%
−1.71 pts in a year

P/E and EPS over time

Daily P/E and trailing 12-month EPS. EPS updates with each result.

P/E 37.5xEPS (12 months) ₹ 4.38Median P/E 69.5x
P/E (times)EPS (₹)

Peers

Listed companies in the same business.

Peer comparison
V2 Retail₹ 154.92₹ 591 Cr.37.5x6.9x24%—
Trent₹ 2,715.85₹ 1,44,818 Cr.86.8x21.7x27.6%8.6%
Metro Brands₹ 820.00₹ 22,354 Cr.71.1x14.7x22.2%14.5%
Aditya Birla Lifestyle Brands₹ 70.64₹ 8,615 Cr.27.5x8.2x—2%
Brainbees Solutions₹ 164.10₹ 8,568 Cr.—2.1x−2.9%−2.4%
Vedant Fashions₹ 482.95₹ 11,734 Cr.25.8x4.9x20%26.2%

Management

Ram Chandra Agarwal
Executive Chairman of the Board, Managing Director
Akash Agarwal
Chief Executive Officer, Whole Time Director
Pratik Adukia
Chief Financial Officer
Shivam Aggarwal
Compliance Officer, Company Secretary
Uma Agarwal
Whole Time Director

Prices are delayed and for information only. Nothing on this page is investment advice.