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V2 Retail Ltd share Price Today

Company details

805.05
844.10
120.00
844.10
6M Return 146.42%
1Y Return 479.31%
Mkt Cap.(Cr) 2,886.45
Volume 116,756
Div Yield 0.00%
OI
-
OI Chg %
-
Volume 116,756

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Department Stores company V2 Retail announced Q4FY24 & FY24 results:

Q4FY24 Financial Highlights:

  • Revenue from operations stood at Rs 296 crore, registering a growth of 53% on a YoY basis. Gross Margin stood at 28.0% for Q4FY24 as compared to 28.6% for Q4FY23.
  • EBIDTA for the quarter stood at Rs 31.4 crore as compared to Rs 14.2 crore in Q4FY23, registering a growth of 121% on YoY basis. EBIDTA margin stood at 10.6% for Q4FY24 as compared to 7.4% for Q4FY23.
  • PAT for the quarter stood at Rs 3.6 crore as compared to loss of Rs (7.7) crore in Q4FY23, registering a growth of 147% on YoY basis.  

FY24 Financial Highlights:

  • Revenue from operations for FY24 stood at Rs 1,164.7 crore, registering a growth of 39% on YoY basis. Gross Margin stood at 29.7% for FY24 as compared to 31.0% for FY23.
  • EBIDTA for FY24 stood at Rs 147.8 crore as compared to Rs 84.0 crore in FY23 registering a growth of 76%. EBIDTA margin stood at 12.7% for FY24 as compared to 10.0% for FY23.
  • PAT for FY24 stood at Rs 27.8 crore as compared to loss of Rs (12.8) crore in FY23, registering a growth of 317% on YoY basis.   

Commenting on the results and performance, Ram Chandra Agarwal, Chairman & Managing Director said: "FY24 has been a historic year for the Company. The relentless efforts of our team to work toward the strategic initiatives and achieve the growth plan has started reflecting in the performance. I believe this is just the start and we are geared to set up new benchmark both in terms of customer satisfaction and resultant reflection in our performance. All this was achieved during a year marred by challenging market conditions, speaks volumes about our in-depth understanding and ahead of curve strategy. Our strong inventory rotation has translated into lowering our discounted offerings. In a year wherein we achieved a 39% YoY revenue growth, our 87% of the revenue was generated from MRP sales, is a testimony of higher acceptance for our products.

Our inhouse manufacturing facilities along-side our experienced team of designers and merchandiser and inventory management focus has given us an edge as compared to our peers. The strong acceptance of our differentiated product offerings and growing relevance is the testimony of our customer centric thinking of providing fresh variety, good quality at best price. The growth across all our stores have been encouraging, translating into a robust SSG of 31% in FY24.

Our strategy to expand and deepen our store presence with the aim of being ever more proximate and convenient to customers reinforcing our brand promise. Our expansion plan on Stores is on track. We have added 15 stores (net) in FY24 and plans to open additional 20-25 stores FY25. Our emphasis on Private Brands continues and the growth is encouraging.

We are confident that this business is well poised to shift gears and deliver substantial value to customers and shareholders going forward. The growing acceptance of our brands demonstrates the attractiveness of our platform and the tremendous potential to address opportunities that lie ahead.”

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V2 Retail Ltd shares SWOT Analysis

Strengths (10)

  • Strong Momentum: Price above short, medium and long term moving averages
  • Strong Annual EPS Growth
  • New 52 week high today

Weakness (0)

Data not found

Opportunity (4)

  • Results Screener: Stocks with upcoming results which are seeing positive shifts in share price
  • Highest Recovery from 52 Week Low
  • RSI indicating price strength

Threats (1)

  • High PE (PE > 40)

Resistance and support

R1 850.7
R2 866.9
R3 889.8
Pivot

827.88

S1 811.7
S2 788.8
S3 772.6
EMA SMA
754.5
670.9
573.8
453.3
768.7
646.9
545.2
410.6
Delivery and volume
CLIENT NAME DEAL TYPE ACTION DATE AVG. PRICE QUANTITY EXCHANGE
NIDHI NARAYANPRASAD MUNDHRA Bulk Sell 2021-12-24 158.11 175000 BSE
VISHAL TODI Bulk Sell 2021-12-23 157.35 200000 BSE
ALPHA LEON ENTERPRISES LLP Bulk Purchase 2021-02-05 142.61 175863 NSE
Name Category Shares
Ram Chandra Agarwal PROMOTER 5.52%
Akash Agarwal PROMOTER 4.74%
Ricon Commodities Private Limited PROMOTER 37.19%
Vishal Waterworld Pvt Ltd PROMOTER 4.16%
V2 Conglomerate Limited PROMOTER 1.83%

FINANCIALS

Sales
Operating Profit
Profit after Tax
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Reserves and Surplus
Debt
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V2 Retail Ltd Stocks COMPARISON

Financials( in Cr) V2 Retail Ltd Avenue Supermarts Ltd Trent Ltd Aditya Birla Fashion & Retail Ltd Vedant Fashions Ltd
Price 834.50 5,171.35 5,309.95 325.65 1,069.65
% Change 18.03 6.97 -4.63 0.03 1.86
Mcap Cr 2,886.45 336,516.81 188,761.82 33,054.13 25,979.23
Revenue TTM Cr 838.88 42,839.56 12,375.11 12,417.90 1,354.93
Net Profit TTM Cr -12.82 2,378.34 1,477.46 -59.47 429.11
PE TTM 99.04 126.57 205.51 0.00 63.29
1 Year Return 479.31 37.25 216.70 51.43 -13.07
ROCE 0.00 20.14 23.52 0.00 36.34
ROE 0.00 15.99 27.16 0.00 34.57
INSIDER & INSTITUTIONAL ACTIVITY

Equity Capital: 246.93 Cr FV: 10.00

Period MF Net Purchase / (sold) FII Net
LAST 1M 7,979.66 51,130.08
LAST 3M 85,790.28 63,355.68
LAST 6M 176,360.83 62,258.99
LAST 12M 304,634.27 91,810.54

V2 Retail Ltd Information

Stock PE (TTM)
99.04
Promoter Holding
54.3%
Book Value
79.4202
ROCE
0%
ROE
0%
Description
  • V2 Retail Ltd was originally incorporated on July 23, 2001 as Vishal Retail Private Limited as a Private Limited Company. The Company got converted into a Public Limited Company and name of the Company was changed to Vishal Retail Limited. Thereafter, the Company`s name was changed to V2 Retail Ltd effective on 29 July, 2011. The Company is one of fastest growing retailing groups in India. The company offers a portfolio of products, including apparel, non-apparel and fast moving consumer goods. The company sells readymade apparels, household merchandise, and other consumer goods like footwear, watches, toys, toiletries, grocery items, sports items, crockery, novelties and gifts. The company`s subsidiaries include VRL Foods Ltd, VRL Movers Ltd, VRL Consumers Goods Ltd, VRL Fashions Ltd and VRL Infrastructure Ltd. The Company offer affordable family fashion at prices to suit every pocket. Their outlets cater to almost all price ranges. The showrooms have over 70,000 products range which fulfills all household needs. The cost benefit that is derived from the large central purchase of goods and services is passed on to the consumer. In November 2001, the company acquired the proprietorship firm Vishal Garments & The Vishal Garments. In the year 2002, they opened their first store in Delhi. In the year 2003, the company acquired the manufacturing facilities from Vishal Fashions Private Ltd and Vishal Apparels as a going concern and set up a manufacturing unit in Gurgaon. In the year 2004, the company started their largest store at New Delhi having an area of 80,000 sq ft. The company was converted to a public company on February 20, 2006. During the year 2006-07, the company opened up three new stores at Patna in Bihar, Karnal in Haryana and Dahisar in Maharashtra. During the year 2007-08, the company established five new companies, namely VRL Foods Ltd, VRL Movers Ltd, VRL Consumer Goods Ltd, VRL Fashions Ltd and VRL Infrastructure Ltd for diversifying the business operations. Also, they set up their manufacturing units at Manesar and Dehradun, with production capacities of 1.5 million pieces each per annum. With this, the company is having three manufacturing facilities with total installed capacity of 4.5 million pieces per annum. During the year, the company added 52 new stores, out of which 34 were in Tier-III cities, two in Tier-II cities and 16 in a Tier-I city. Also, they added 9 warehouses with an area of 581,640 sq ft, taking the total number of warehouses to 29 spread across 1.1 million sq ft of space. Also, they added a fleet of 40 trucks taking the total number of trucks in the fleet to 98. As on March 9, 2009, the company had 182 stores spread across India. In March 2008, the company entered into a an agreement with Hindustan Petroleum Corporation Ltd, in which Hindustan Petroleum Corporation Ltd will provide space to the company for either Retail store or Warehousing at their mutually selected retail outlets. The company opened two such stores on a trial basis and had plans to increase it to 20-25 stores. During year 2008-09, the Company increased the number of stores to 171 to the Portfolio, and added approx 1 Million. Sq. Ft. of Retail Space during the financial year, ended March 31, 2009. The wholesale business, franchise business and retail undertaking of the Company was sold to TPG Wholesale Pvt. Ltd and Airplaza Retail Holdings Pvt. Ltd as per Wholesale Slump Sale Agreement dated January 06, 2011. It opened new stores under the brand "V2" at Sanjauli, Solan and Jamshedpur. It opened a new warehouse at Rangpuri, Delhi on 31.12.2010 and also opened a new warehouse at Kapashera, Delhi on 25.04.2011. In 2011-12, the Company opened new stores at Mahipalpur, Karol Bagh, Faridabad, Jamshedpur, Rajouri Garden, Ludhiana and Krishna Nagar. It opened new store at Patna on 02.04.2012. In 2013, it opened 8 new stores. The Company had 15 stores in 2014, 1 new store was opened at AARA, in Bihar. Guwahati Store, in Assam was made operational in April, 2014. The number of store increased to 22 in 2016, to 37 in 2017. The number of "V2" stores increased to 49. The Company added 16 stores in 2018. Total number of stores increased to 77 in 2019. M/s V2 Smart Manufacturing Private Limited was incorporated on 25.10.2019 as wholly owned subsidiary Company. The Company added 31 new V2 Stores. It opened 10 stores in 2022 and added 12 V2 stores in 2023.

Registered Address

Khasra no 928 Ext Lal dora abd, Village Kapashera vasant vihar, New Delhi, New Delhi, 110037

Tel : 91-011-4177850
Email : cs:vrl.net.in
Website : http://www.v2retail.com
Registrar

Link Intime India Pvt Ltd

AGM Date (Month) : Sep
Face Value Equity Shares : 10
Market Lot Equity Shares : 1
BSE Code : 532867
NSE Code : V2RETAIL
Book Closure Date (Month) : Sep
BSE Group : B
ISIN : INE945H01013

FAQ’s on V2 Retail Ltd Shares

You can buy V2 Retail Ltd shares through a brokerage firm. ICICIdirect is a registered broker through which you can place orders to buy V2 Retail Ltd Share.

Company share prices and volatile and keep changing according to the market conditions. As of Jul 25, 2024 03:52 PM the closing price of V2 Retail Ltd was Rs.834.50.

The latest PE ratio of V2 Retail Ltd as of Jul 25, 2024 03:52 PM is 99.04

The latest PB ratio of V2 Retail Ltd as of Jul 25, 2024 03:52 PM is 0.10

The 52-week high of V2 Retail Ltd share price is Rs. 844.10 while the 52-week low is Rs. 120.00

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of Jul 25, 2024 03:52 PM, the market cap of V2 Retail Ltd stood at Rs. 2,886.45 Cr.

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