V2 Retail Limited share price

V2 Retail Limited, together with its subsidiary, V2 Smart Manufacturing Private Limited, engages in the retail trade of garments, textiles, and accessories in India. It is involved in the retail sale of ready-made garments, hosiery goods, and other articles of clothing and clothing accessories under the Godspeed, Herrlich, Glamora, Ebellia, and Honey Brats brands. The company was formerly known as Vishal Retail Ltd and changed its name to V2 Retail Limited in February 2012. V2 Retail Limited was incorporated in 2001 and is based in Gurugram, India.Read more

Website NSE हिंदी में BSE

Consumer ServicesApparel RetailNifty Microcap 250NSE: V2RETAILISIN INE945H01021

16 Oct 2026, 3:30 PM IST₹171.77▲ 5.52 (3.32%)

Market Cap₹ 6,263 Cr.
Current Price₹ 171.77
High / Low₹ 259 / 149
Stock P/E33.7
Book Value₹ 25
Dividend Yield0.00 %
ROCE20.6 %
ROE26.00 %
Face Value₹ 1.0

More figures (10)

EPS (TTM)₹ 5.09
Price / Book6.94
OPM9.6 %
Debt / Equity1.10
Sales growth (5Y)41.6 %
Profit growth (5Y)—
Promoter holding54.1 %
EV / EBITDA19.9
Beta0.37
All-time high₹ 259

Price chart

Price on NSE 50 DMA 200 DMA Volume

Returns	1M	3M	6M	YTD	1Y	3Y CAGR	5Y CAGR
V2RETAIL	-17.88%	-22.69%	-11.65%	-29.83%	-24.75%	+116.54%	+54.64%
Nifty 50	-0.31%	-3.85%	-4.34%	-11.42%	-9.53%	+5.46%	+4.76%

Price returns only (dividends not included). Prices from NSE via Yahoo Finance; may be delayed.

Quick take

V2 Retail Limited is in the Apparel Retail industry (Consumer Cyclical), with a market value of ₹6,263 crore.
It trades at 33.7 times its last 12 months' earnings and 6.9 times book value.
Revenue grew 41.6% a year over the last 5 years.
Return on equity was 26.0% and return on capital employed 20.6% in the latest year.
Debt was 1.10 times shareholders' equity.
The share price is 33.7% below its 52-week high and down 24.8% over one year.
Promoters and insiders hold about 54.1%; institutions about 10.9%.

Pros

Strong return on equity: 20.0% on average over the last 3 years.
Sales have grown 41.6% a year over the last 5 years.
Latest quarter (Jun 2026): sales up 58% and profit up 70% from a year ago.
Trades at 33.7 times earnings, below its 3-year median of 83.0.
Institutional (FII + DII) holding has risen by 9.2 points over 3 years.

Cons

Promoter holding has fallen by 2.85 points over 3 years, to 51.43%.
The company has not paid a dividend recently.

Pros and cons are generated automatically from the reported figures. They are observations, not a recommendation to buy or sell.

AI analysis

Plenitude AI reads the figures on this page and explains them in plain language. It does not say whether to buy or sell.

About V2 Retail Limited

Employees: 10,561
Head office: Gurugram
NSE industry: Consumer Services

Consumer CyclicalConsumer ServicesApparel Retail

Part ofNifty Microcap 250

S.No.	Company	CMP ₹	P/E	Mar Cap ₹ Cr	Div Yld %	NP Qtr ₹ Cr	Qtr Profit Var %	Sales Qtr ₹ Cr	Qtr Sales Var %	ROCE %	ROE %	P/B	OPM %	Debt / Eq	Prom. Hold. %	Sales ₹ Cr	Sales Var 3Yrs %
1.	V2 Retail	171.77	33.7	6,263	0.00	42	69.69	997	57.73	20.6	26.0	6.94	9.6	1.10	54.10	3,067	41.6
2.	Trent	2,958.70	87.2	1,57,767	0.14	519	20.79	5,755	17.84	28.2	27.6	22.59	12.0	0.37	41.86	19,850	34.8
3.	Aditya Birla Lifestyle Brands	72.72	50.5	8,833	0.69	29	-24.37	2,046	5.33	13.2	12.7	6.29	7.5	2.14	57.17	8,340	6.8
4.	Arvind Fashions	399.85	44.2	5,347	0.40	28	11.06	1,279	15.46	19.6	12.9	5.65	8.3	1.42	37.32	5,266	9.0
5.	Go Fashion (India)	276.30	27.7	1,453	0.00	16	-25.92	223	0.01	11.4	8.5	2.15	13.5	0.77	58.02	838	8.0
6.	Saraswati Saree Depot	68.46	11.4	271	4.18	7	3.98	148	1.95	16.4	12.6	1.43	4.3	0.00	74.98	631	2.1
	Median: 6 Co.	224.04	39.0	5,805	0.27	28	7.52	1,138	10.40	18.0	12.8	5.97	9.0	0.94	55.64	4,167	8.5

Companies in the same industry; the median covers every company in it that we hold figures for. Tap a heading to sort. Sorting and comparing are ways to explore data, not recommendations.

Quarterly Results

Consolidated figures in ₹ crore /

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	264	231	374	296	415	380	591	499	632	1,341	929	797	997
YOY Sales Growth %	24.76%	18.92%	55.96%	53.04%	57.44%	64.28%	58.11%	68.39%	52.33%	252.85%	57.24%	59.88%	57.73%
	228	211	313	265	360	347	479	441	545	1,168	755	688	858
Material Cost %	65%	65%	65%	68%	67%	68%	66%	72%	70%	71%	68%	70%	71%
Employee Cost %	9%	10%	8%	10%	9%	10%	7%	8%	8%	8%	7%	9%	8%
Other Expenses %	13%	16%	11%	12%	11%	13%	8%	8%	7%	8%	7%	8%	7%
Operating Profit	36	20	61	31	55	33	111	58	87	173	174	109	139
OPM %	13%	9%	16%	11%	13%	9%	19%	12%	14%	13%	19%	14%	14%
	1	2	3	1	1	3	1	2	1	2	4	4	1
Exceptional items											28
Interest	10	12	12	13	14	15	18	21	23	51	22	24	25
Depreciation	18	18	21	19	21	23	26	28	32	70	46	67	64
Profit before tax	8	-8	31	0	22	-2	69	10	33	54	138	22	52
	26%		25%	-7,306%	25%		25%	38%	26%	23%	26%	22%	19%
Current tax	0	-0	-0		5	0	18	4	12	18	29	9	12
Deferred tax	2	-3	8	-4	0	-1	-1	-0	-3	-5	7	-4	-3
	6	-6	24	4	16	-2	51	6	25	42	102	18	42
Profit to shareholders			24	4	16	-2			25	42	102
YOY Profit Growth %			152.97%		161.83%		117.20%	78.80%	50.94%		99.38%	172.02%	69.69%
EPS in Rs	0.18	-0.16	0.68	0.10	0.47	-0.06	1.48	0.19	0.71	1.21	2.92	0.50	1.15
Raw filing

₹ Cr	Jun 2023	Sep 2023	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	264	231	374	296	415	380	591	499	630	1,335	927	798	997
YOY Sales Growth %	24.76%	18.92%	55.96%	53.04%	57.44%	64.28%	58.11%	68.39%	51.72%	251.20%	56.92%	60.10%	58.36%
	231	213	313	266	362	349	480	441	539	1,158	750	685	858
Material Cost %	72%	74%	70%	75%	73%	75%	69%	74%	71%	71%	67%	70%	71%
Employee Cost %	8%	9%	7%	9%	7%	9%	6%	8%	8%	8%	7%	9%	8%
Other Expenses %	8%	9%	7%	7%	7%	8%	6%	7%	7%	7%	7%	7%	7%
Operating Profit	33	19	61	30	53	31	111	57	90	176	177	113	140
OPM %	12%	8%	16%	10%	13%	8%	19%	11%	14%	13%	19%	14%	14%
	1	2	3	1	1	2	0	1	1	1	4	4	1
Exceptional items											22	-4
Interest	10	12	11	12	13	15	18	21	22	50	22	24	25
Depreciation	17	17	20	18	20	22	26	27	32	69	45	67	64
Profit before tax	7	-8	32	0	21	-3	68	10	37	58	135	22	52
	25%		25%	-1,069%	25%		25%	36%	25%	21%	27%	18%	19%
Current tax					5	0	18	5	12	18	29	8	12
Deferred tax	2	-3	8	-4	0	-1	-1	-1	-3	-5	7	-4	-3
	5	-6	24	4	16	-3	51	7	28	46	99	18	42
YOY Profit Growth %			159.07%		222.65%		111.19%	72.29%	74.92%		95.21%	172.85%	51.01%
EPS in Rs	0.14	-0.17	0.70	0.11	0.46	-0.07	1.47	0.19	0.80	1.33	2.84	0.51	1.15
Raw filing

Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Latest quarter on the right.

Profit & Loss

Consolidated figures in ₹ crore /

₹ Cr	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	701	539	629	839	1,165	1,884	3,067	4,064
YOY Sales Growth %		-23.18%	16.82%	33.32%	38.84%	61.80%	62.75%
	626	490	565	755	1,017	1,627	2,612	3,469
Material Cost %	72%	70%	68%	66%	66%	68%	70%	70%
Employee Cost %	9%	9%	10%	11%	9%	8%	8%	8%
Other Expenses %	8%	12%	12%	13%	12%	10%	8%	7%
Operating Profit	75	49	65	84	148	258	455	595
OPM %	11%	9%	10%	10%	13%	14%	15%	15%
	2	23	16	7	7	7	10	11
Exceptional items	13						28	28
Interest	30	31	37	41	47	68	97	122
Depreciation	51	56	59	67	77	99	182	246
Profit before tax	9	-15	-15	-17	31	98	215	266
	-1%				11%	27%	24%	24%
Current tax				0		28	56
Deferred tax	-0	-2	-3	-5	4	-2	-4
	9	-13	-12	-13	28	72	162	203
Profit to shareholders					28
YOY Profit Growth %		-246.24%				159.01%	124.99%
EPS in Rs	0.26	-0.38	-0.34	-0.37	0.80	2.08	4.58	5.77

Compounded Sales Growth

5 Years:: 42%
3 Years:: 54%
TTM:: 93%

Compounded Profit Growth

TTM:: 153%

Stock Price CAGR

5 Years:: 55%
3 Years:: 117%
1 Year:: -25%

Return on Equity

4 Years:: 14%
Last Year:: 26%

₹ Cr	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	Mar 2023	Mar 2024	Mar 2025	Mar 2026	TTM
	107	107	748	701	539	629	839	1,165	1,884	3,060	4,057
YOY Sales Growth %			596.95%	-6.31%	-23.18%	16.82%	33.32%	38.84%	61.80%	62.38%
	103	103	702	625	490	569	760	1,022	1,632	2,594	3,452
Material Cost %	72%	72%	68%	72%	71%	70%	71%	73%	73%	70%	70%
Employee Cost %	8%	8%	10%	9%	9%	9%	10%	8%	7%	8%	8%
Other Expenses %	16%	16%	16%	8%	11%	11%	10%	7%	7%	7%	7%
Operating Profit	4	4	47	76	49	61	79	142	252	466	605
OPM %	4%	4%	6%	11%	9%	10%	9%	12%	13%	15%	15%
	0	0	10	2	22	16	6	7	5	9	10
Exceptional items			-27	13						18	18
Interest	0	0	1	30	30	36	40	46	66	96	121
Depreciation	2	2	14	50	54	57	64	73	95	181	245
Profit before tax	2	2	15	10	-13	-16	-19	31	97	216	267
	153%	153%	-36%	3%				11%	27%	24%	23%
Current tax			1				-0		28	56
Deferred tax	3	3	-6	0	-2	-3	-4	3	-2	-4
	-1	-1	20	10	-11	-13	-14	27	71	163	205
YOY Profit Growth %				-50.49%	-208.80%				159.82%	130.39%
EPS in Rs	0.04	0.04	0.60	0.30	-0.32	-0.38	-0.42	0.79	2.05	4.62	5.82

Compounded Sales Growth

5 Years:: 42%
3 Years:: 54%
TTM:: 93%

Compounded Profit Growth

TTM:: 148%

Stock Price CAGR

5 Years:: 55%
3 Years:: 117%
1 Year:: -25%

Return on Equity

4 Years:: 14%
Last Year:: 26%

Financial years ending March; TTM = the last four quarters. Source: the company's results filed with NSE, as reported. EPS restated for bonus issues and splits. Tap a row marked + for its breakdown. Dividend payout = dividends paid in the year ÷ net profit.

Balance Sheet

Consolidated figures in ₹ crore, as at 31 March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity Capital	34	35	35	36
Reserves	213	240	312	866
	424	525	871	995
Long term borrowings	7	16	19	24
Short term borrowings	46	74	118	230
	123	227	381	525
Trade payables	106	193	369	463
Current liabilities	204	341	558	914
Total Liabilities	793	1,027	1,599	2,422
	405	479	867	1,013
Gross block	671	813	867	1,456
Accumulated depreciation	267	334	408	443
Goodwill & intangibles	4	2	1	1
CWIP	0	1	4	45
	389	547	728	1,364
Inventories	279	419	558	1,142
Trade receivables	0	0	0	2
Cash & equivalents	5	9	9	6
Current assets	326	486	657	1,320
Total Assets	793	1,027	1,599	2,422

Source: Yahoo Finance (compiled from the annual reports). Tap a row marked + for its breakdown.

Cash Flows

Consolidated figures in ₹ crore, financial years ending March

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
	86	93	201	-103
Profit for the year	-13	28	72	162
Working capital changes	-9	-74	-29	-549
Direct taxes paid	1	-1	-25	-53
	-12	-39	-130	-219
Fixed assets purchased	-13	-40	-134	-231
Fixed assets sold	0	2	5	10
	-76	-50	-71	319
Proceeds from borrowings	3	25	62	129
Repayment of borrowings	-2	-14	-16	-10
Interest paid	-41	-47	-66	-97
Net Cash Flow	-2	5	-0	-3
Free Cash Flow	73	54	67	-334

Free cash flow = cash from operations − capital expenditure. Source: Yahoo Finance.

Ratios

Ratio	Mar 2023	Mar 2024	Mar 2025	Mar 2026
ROE	-5.2%	10.7%	23.2%	26.0%
ROCE	4.0%	11.5%	15.9%	20.6%
Operating margin	2.2%	6.1%	8.7%	9.6%
Net margin	-1.5%	2.4%	3.8%	5.3%
Debt / equity	1.72	1.91	2.52	1.10
Current ratio	1.59	1.43	1.18	1.44
Debtor days	0	0	0	0
Inventory days	184	188	153	194
Days payable	70	87	101	79
Cash conversion cycle	114	101	52	115
Working capital days	53	46	19	48

Computed from the reported statements: ROE on average equity; ROCE = EBIT / (total assets − current liabilities). Debtor days = receivables ÷ sales × 365; inventory and payable days use cost of goods sold; cash conversion cycle = debtor + inventory − payable days; working capital days = (current assets − current liabilities) ÷ sales × 365.

Shareholding Pattern

Numbers in percentages · as filed with NSE each quarter

Promoters 51.43%
FIIs 3.69%
DIIs 12.24%
Public 32.64%

%	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026	Jun 2026	Sep 2026
Promoters	54.28%	54.28%	54.30%	54.30%	54.30%	54.24%	54.22%	54.22%	51.43%	51.43%	51.43%	51.43%
	6.36%	6.57%	6.69%	0.80%	0.91%	1.31%	1.90%	2.10%	3.01%	2.62%	3.11%	3.69%
Foreign portfolio investors (Cat. I)	6.36%	6.57%	6.69%	0.79%	0.90%	1.22%	1.74%	1.75%	2.80%	2.44%	2.84%	3.50%
Foreign portfolio investors (Cat. II)				0.01%	0.01%	0.09%	0.16%	0.35%	0.21%	0.18%	0.27%	0.19%
	0.37%	0.36%	0.43%	4.37%	5.99%	6.70%	7.34%	7.12%	9.12%	9.28%	10.65%	12.24%
Mutual funds				3.51%	5.01%	6.05%	6.86%	6.59%	7.94%	8.29%	9.27%	10.61%
Alternative investment funds	0.37%	0.36%	0.43%	0.83%	0.97%	0.65%	0.49%	0.53%	1.18%	0.99%	1.38%	1.64%
	38.99%	38.79%	38.59%	40.53%	38.81%	37.75%	36.53%	36.56%	36.44%	36.66%	34.80%	32.64%
Retail (up to ₹2 lakh)	11.88%	11.69%	12.05%	15.15%	15.29%	14.88%	16.03%	16.51%	16.68%	16.67%	16.73%	17.19%
HNIs (above ₹2 lakh)	15.95%	15.46%	15.10%	13.95%	13.40%	13.80%	12.61%	11.25%	11.61%	11.41%	10.00%	8.27%
NRIs	0.59%	0.63%	0.66%	0.81%	0.81%	0.86%	0.92%	0.97%	1.02%	1.05%	1.10%	1.09%
Bodies corporate	6.97%	7.43%	7.13%	7.44%	5.78%	4.87%	4.09%	4.80%	4.35%	4.56%	4.43%	4.45%
No. of Shareholders	16,166	16,244	16,862	24,101	26,877	35,125	37,446	39,938	42,869	45,025	52,967	65,411

Source: shareholding patterns filed by the company with NSE. Public = non-institutional holders. Tap a row marked + for its breakdown.

Mutual funds & institutions holding V2 Retail

Holder (above 1%)	Stake
Motilal Oswal Large and Midcap FundMutual fund	6.79%
BANDHAN Small Cap FundMutual fund	2.96%

As named in the shareholding pattern for Sep 2026 filed with NSE; mutual funds together hold 10.61% of the company. Shareholders below 1% are not named in the filing.

Documents

Announcements

All announcements on NSE →

Annual reports

Credit ratings

Concalls & investor meets

Filings made by the company with NSE; documents open on NSE's website.

Key dates

Ex-dividend date: 1 Jan 1970
Latest quarter: 30 Jun 2026
Financial year end: 31 Mar 2026

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Latest news

In the news

From the company (NSE)

Headlines from news publishers (via Google News) and the filings of the company with NSE; they open on the source website. Headlines with price targets or buy/sell calls are left out. News is for information only and is not a recommendation.

Questions about V2 Retail Limited

What is the share price of V2 Retail Limited today?

V2 Retail Limited (V2RETAIL) last traded at ₹171.77 on NSE (16 Oct 2026, 3:30 PM IST). Prices may be delayed.

What is the market cap of V2 Retail Limited?

About ₹6,263 crore at the latest price.

What is the P/E ratio of V2 Retail Limited?

About 33.7 times its earnings over the last 12 months.

Is V2 Retail Limited a good investment?

We do not give views on individual shares. Whether any share suits you depends on your goals, time horizon and risk appetite; for long-term goals, a diversified mutual fund is often a simpler way to own shares. Investments in securities markets are subject to market risks.

How can I buy V2 Retail Limited shares?

You need a trading and demat account with a SEBI-registered stock broker. We can help you open one through Parshvanath Investments, an Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539). We provide execution and account service only, not tips or research.

Important. Prices from NSE via Yahoo Finance. Quarterly and annual results, shareholding and documents are taken from the filings the company made with NSE; balance sheet, cash flow and valuation figures are compiled by Yahoo Finance; ratios are computed by us from them. Figures may be delayed or revised. This page is for information only: it is not research, a recommendation or an offer to buy or sell any security. Investments in securities markets are subject to market risks; read all related documents carefully before investing. Plenitude Connect Private Limited is an AMFI-registered Mutual Fund Distributor (ARN-130934); share broking is offered through Parshvanath Investments, Authorised Person of Master Capital Services Ltd (SEBI Reg. INZ000210539).

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V2 Retail Limited share price

Price chart

Quick take

Pros

Cons

AI analysis

About V2 Retail Limited

Peer comparison

Quarterly Results

Profit & Loss

Projection — your assumptions

Related party transactions

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Compounded Sales Growth

Compounded Profit Growth

Stock Price CAGR

Return on Equity

Balance Sheet

Cash Flows

Ratios

Shareholding Pattern

Mutual funds & institutions holding V2 Retail

Documents

Announcements

Annual reports

Credit ratings

Concalls & investor meets

Key dates

Trade with our broking desk

Latest news

In the news

From the company (NSE)

Questions about V2 Retail Limited

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