V-Mart Retail Limited

BSE: 534976 NSE: VMART
V-Mart Retail Limited - consumer services in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN L51909DL2002PLC163727 Incorporated 24 July 2002 ROC Delhi HQ New Delhi, Delhi, India
Active Listed - NSE: VMART · BSE: 534976 Public Limited Company consumer services
Data last updated
Market Cap
₹6,157 Cr
VMART · NSE
Share Price
₹760.10
-1.76% today
Revenue
₹3,789 Cr
FY 2025-26 · +13.9% YoY
EBITDA
₹512 Cr
Margin 13.5%
Net Profit
₹125 Cr
FY 2025-26 · +421.5% YoY
P/E (TTM)
45.1x
P/B 6.6x
ROE
14.1%
ROCE 13.0%
Debt / Equity
0.99
Interest cover 35.1x

About V-Mart Retail Limited

Data last updated: 27 September 2026

V-Mart Retail Limited is a public limited company based in New Delhi, Delhi, India. It specialises in hypermarkets and large retail chains, a part of the broader consumer services sector. Incorporated on 24 July 2002, the company has been in operation for over 24 years.

Registered with ROC Delhi under CIN L51909DL2002PLC163727. Listed on BSE: 534976 and NSE: VMART.

Capital: an authorised share capital of ₹95 Cr and a paid-up capital of ₹79.55 Cr. Formerly known as Varin Commercial Pvt Ltd and V-Mart Retail Private Limited. It is led by directors including Madan Gopal Agarwal and Lalit Madangopal Agarwal.

Last AGM: 29 July 2025. Financial statements filed for year ended 31 March 2025. Office: 610 – 611 Guru Ram Dass Nagar Main Market Opp. Sbi Bank Laxmi Nagar, New Delhi, Delhi, India – 110092.

As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹3,789.36 Cr, a growth of 16.46% compared to the previous year. The net worth stands at ₹951.1 Cr (up 17.39% YoY). Total assets are valued at ₹1,927.97 Cr (up 19.77% YoY).

The company has a workforce of approximately 10,640 employees as per the latest available data.

The company is associated with 3 brands - Limeroad, Vmart, Vmart Retail. As per MCA filings, the company has open charges of ₹350 Cr and satisfied charges of ₹146.98 Cr on record.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vmart.co.in.

Company Details of V-Mart Retail Limited
CIN L51909DL2002PLC163727
Registration Number 163727
Incorporation Date 24 July 2002
ROC Delhi
Listing Status Listed (BSE: 534976, NSE: VMART)
Company Status Active
Date of Last AGM 29 July 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Key People
Lalit Madangopal Agarwal Managing Director Madan Gopal Agarwal Whole-Time Director Govind Shridhar Shrikhande Director
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Website
    vmart.co.in
  • Social Media
  • Apps
  • Registered Address
    610 – 611 Guru Ram Dass Nagar Main Market Opp. Sbi Bank Laxmi Nagar, New Delhi, Delhi, India – 110092
  • Industry
    Consumer Services, Hypermarkets & Large Retail Chains
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Financials, compliance, directors, charges, ownership and filings for V-Mart Retail Limited in one report.

10-year financials Directors & ownership Charges & compliance

Name History of V-Mart Retail Limited

V-Mart Retail Limited has undergone 2 name changes throughout its history. The company was previously known as Varin Commercial Pvt Ltd, and V-Mart Retail Private Limited. The current legal name is V-Mart Retail Limited, reflecting the company's evolution and rebranding over time.

Company Name Status
V-Mart Retail Limited Current
Varin Commercial Pvt Ltd Previous
V-Mart Retail Private Limited Previous

CIN History of V-Mart Retail Limited

V-Mart Retail Limited has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is L51909DL2002PLC163727, which is the unique identifier assigned by the Registrar of Companies.

CIN Status
L51909DL2002PLC163727 Current
U51909DL2002PLC163727 Previous
U51909DL2002PTC163727 Previous

Associated Brands with V-Mart Retail Limited

V-Mart Retail Limited operates multiple associated brands including Limeroad, VMart, and VMart Retail. These brands represent V-Mart Retail Limited's diversified market presence and brand portfolio.

Brand Description Website
Limeroad
Online social shopping marketplace for women fashion products limeroad.com
VMart
Value retail chain offering fashion apparel, footwear, home furnishings, general merchandise, and kirana. vmart.co.in
VMart Retail
Retail chain offering fashion, lifestyle, and home products vmartretail.com

Competitors & Alternatives of V-Mart Retail Limited

Brands and companies operating in the same space as V-Mart Retail Limited include Poshmark, CityMall, LehLah and 5 more.

Competitor Description Location Founded
Poshmark Poshmark Used multi-category products are traded via an app-based social marketplace. Redwood City, United States, United States 2011
CityMall CityMall Multi-category products are retailed online by CityMall. Gurugram, India, India 2019
LehLah LehLah Monetize social media content effortlessly Mumbai, India, India 2022
Meilishuo Meilishuo Social shopping platform of fashion products Beijing, China, China 2009
Oyela Oyela Multi-category fashion products are offered through an app-based community marketplace. Balangir, India, India 2021
Wooplr Wooplr Operates a digital platform for fashion and lifestyle products. Bengaluru, India, India 2013
Yes!poho Yes!poho Platform that connects customers directly with artisans and weavers Hyderabad, India, India 2017
Marsplay Marsplay Beauty and fashion accessories are sold through an e-commerce platform. Delhi, India, India 2017

Business Activity of V-Mart Retail Limited

V-Mart Retail Limited is engaged in the principal business activity of trade, with detailed activities including retail trading.

Main Activity Group Code Description of Main Activity Business Activity Code Description of Business Activity Turnover Percentage
G Trade G2 Retail Trading Locked
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Auditor Details of V-Mart Retail Limited

V-Mart Retail Limited is audited by S.R. Batliboi & Co. Llp for the financial year 2024. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.

Name Status Appointment Date Cessation Date
S.R. Batliboi & Co. Llp Locked Locked Locked
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Complete auditor history for V-Mart Retail Limited

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Board of Directors of V-Mart Retail Limited

V-Mart Retail Limited is currently managed by 6 directors, with 12 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.

Current Directors
Name Designation Appointment Date Tenure Status
Madan Gopal Agarwal
Also directs: V-Mart Retail Limited, Conquest Business Services Private Limited
Whole-Time Director 24 Jul 2002 24 Years 2 Months Current
Lalit Madangopal Agarwal
Also directs: V-Mart Retail Limited, Conquest Business Services Private Limited
Managing Director 24 Jul 2002 24 Years 2 Months Current
Govind Shridhar Shrikhande
Also directs: V-Mart Retail Limited, Brand Concepts Limited, Arvind Fashions Limited and 2 more
Director 02 Nov 2018 7 Years 10 Months Current
Aakash Moondhra
Also directs: V-Mart Retail Limited, Valere Fund Managers Llp, Desert Jewels Llp and 1 more
Director 18 Mar 2010 16 Years 6 Months Current
Raghuvesh Sarup
Also directs: V-Mart Retail Limited
Director 14 May 2024 2 Years 4 Months Current
Shweta Kumar
Also directs: V-Mart Retail Limited, Vedanga Solutions Private Limited
Director 14 May 2024 2 Years 4 Months Current
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Financials of V-Mart Retail Limited FY 2025-26 filings available

V-Mart Retail Limited reported revenue of ₹3,789.36 Cr (up 16.46% YoY) for FY 2025-26.

Financial Highlights

FY 2025-26 · Standalone
Revenue
₹3,789 Cr
+16.5% YoY
EBITDA
₹512 Cr
+35.8% YoY
Profit After Tax
₹125 Cr
+421.5% YoY
Net Worth
₹951 Cr
+17.4% YoY
Total Assets
₹1,928 Cr
+19.8% YoY
Total Debt
₹958 Cr
+22.4% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue3,7893,2542,7862,4651,6661,0751,662
Revenue growth+13.9%+11.8%+17.2%+50.2%+54.8%-34.8%+10.5%
EBITDA512377213269204131214
EBITDA margin+13.5%+11.6%+7.7%+10.9%+12.3%+12.2%+12.9%
Profit before tax15543.96(130)(13.01)10.40(9.67)69.52
Net profit12523.98(94.51)(10.05)12.23(6.76)48.14
Net profit margin+3.3%+0.7%-3.4%-0.4%+0.7%-0.6%+2.9%
EPS (₹)15.6123.12(48.92)(3.97)5.89(3.15)27.18
Balance sheet
Total assets1,9281,6102,1512,1931,7631,400982
Net worth951810747849850825459
Total debt9587831,3911,332902568517
Cash & bank19.5339.4227.2318.0635.0627.474.99
Net working capital369394336500440340271
Cash flow
Cash from operations501349386177(11.25)14986.30
Cash from investing(174)(122)(118)(159)124(419)0.51
Cash from financing(346)(215)(259)(32.92)(104)287(94.32)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0899711,1268078857801,027661
Revenue growth (YoY)+23.0%+24.5%+9.7%+22.1%+12.6%+16.7%+15.5%+20.3%
Other income2.655.643.963.432.9326.513.381.77
Total expenses928865919735759712855622
EBITDA16110620771.5112668.1417138.62
EBITDA margin+14.8%+10.9%+18.4%+8.9%+14.3%+8.7%+16.7%+5.8%
Depreciation83.9580.1477.8971.1067.9254.3662.5859.24
Interest19.8219.2420.5517.4518.2417.4042.4339.14
Profit before tax59.5212.54113(13.61)42.9422.8969.74(57.99)
Tax12.311.2624.92(4.74)9.344.38(1.89)(1.48)

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 27 Sep 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue1,0899711,1268078857801,027661
Revenue growth (YoY)+23.0%+24.5%+9.7%+22.1%+12.6%+16.7%+15.5%+20.3%
Other income2.655.643.963.432.9326.513.381.77
Total expenses928865919735759712855622
EBITDA16110620771.5112668.1417138.62
EBITDA margin+14.8%+10.9%+18.4%+8.9%+14.3%+8.7%+16.7%+5.8%
Depreciation83.9580.1477.8971.1067.9254.3662.5859.24
Interest19.8219.2420.5517.4518.2417.4042.4339.14
Profit before tax59.5212.54113(13.61)42.9422.8969.74(57.99)
Tax12.311.2624.92(4.74)9.344.38(1.89)(1.48)
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue3,7893,2542,7862,4651,6661,0751,662
Revenue growth+13.9%+11.8%+17.2%+50.2%+54.8%-34.8%+10.5%
Other income15.0436.3020.9514.9713.9621.044.48
Total expenses3,2772,8772,5732,1961,4629441,448
Employee cost395363287256180117154
EBITDA512377213269204131214
EBITDA margin+13.5%+11.6%+7.7%+10.9%+12.3%+12.2%+12.9%
Depreciation29723322218013110393.92
Interest75.4813614211777.1958.9554.78
Profit before tax15543.96(130)(13.01)10.40(9.67)69.52
Tax30.78(1.81)(33.74)(5.16)(1.25)(3.47)20.18
Net profit12523.98(94.51)(10.05)12.23(6.76)48.14
Net profit margin+3.3%+0.7%-3.4%-0.4%+0.7%-0.6%+2.9%
EPS (₹)15.6123.12(48.92)(3.97)5.89(3.15)27.18
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital79.4619.8019.7819.7719.7519.7118.16
Reserves & surplus872790727829830806441
Shareholders' funds (net worth)951810747849850825459
Secured loans1001491101100.000.000.03
Unsecured loans8586341,2811,222902568517
Total debt9587831,3911,332902568517
Total liabilities1,9281,6102,1512,1931,7631,400982
Assets
Gross block1,7991,3791,9271,6521,272820760
Net block1,3661,0391,6611,4451,111697667
Capital work in progress8.274.313.841096.382.192.47
Investments18.385.054.708.541253197.89
Inventories988987816871668428478
Sundry debtors0.000.000.000.000.000.000.00
Cash & bank balances19.5339.4227.2318.0635.0627.474.99
Loans & advances21419418716074.0111130.10
Total current assets1,2211,2211,0301,049777567513
Total current liabilities852827694549337226242
Net working capital369394336500440340271
Total assets1,9281,6102,1512,1931,7631,400982
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash39.4227.2318.0633.0422.234.8112.32
Net cash from operating activities501349386177(11.25)14986.30
Net cash from investing activities(174)(122)(118)(159)124(419)0.51
Net cash from financing activities(346)(215)(259)(32.92)(104)287(94.32)
Net change in cash(19.89)12.199.17(14.98)7.9517.42(7.51)
Closing cash19.5339.4227.2318.0635.0627.474.99
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+16.5%+16.8%+13.0%+47.9%+54.9%-35.3%+15.9%
EBITDA growth+35.8%+77.0%-20.8%+31.6%+55.7%-38.6%+73.6%
PBT growth+252.1%+9998.0%-903.1%-+9998.0%--30.3%
Net income growth+421.5%+9998.0%-840.4%-+9998.0%--27.6%
Revenue CAGR (3Y)+15.4%+25.0%+37.3%+14.0%+5.1%-4.2%+18.4%
EBITDA CAGR (3Y)+24.0%+22.7%+17.5%+8.0%+18.4%-0.4%+36.1%
Profitability & leverage
Net income margin+3.3%+1.4%-3.5%-0.3%+0.7%-0.6%+3.0%
Return on capital employed+13.0%+8.4%+0.6%+5.1%+5.2%+4.1%+17.7%
Return on net worth+14.1%+3.1%-12.1%-1.2%+1.5%-1.0%+11.4%
Debt / equity0.991.401.711.320.880.840.60
Long-term debt / equity0.601.051.441.150.820.750.50
Interest cover35.0794.68-1,567.95131.46104.83208.7545.72
Efficiency & per share
Fixed asset turnover2.381.971.561.691.591.363.36
Inventory turnover3.843.613.303.203.042.374.12
Debtors turnover0.000.000.000.000.000.000.00
EPS (₹)15.6123.12(48.92)(3.97)5.89(3.15)27.18
Dividend per share (₹)1.000.000.000.000.750.000.00
Book value per share (₹)119.70409.18377.65429.44430.20418.77252.78
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Shareholding Pattern of V-Mart Retail Limited

As per the shareholding pattern for the quarter ended Jun 2026, promoters hold 44.20%, foreign institutional investors hold 16.50%, domestic institutional investors hold 30.90%, retail and other public shareholders hold 8.50% of V-Mart Retail Limited.

Promoters: 44.20%DII (Domestic Institutional): 30.90%FII (Foreign Institutional): 16.50%Retail & Others: 8.50%
Jun 2026
QUARTER
44.20% Promoters
30.90% DII (Domestic Institutional)
16.50% FII (Foreign Institutional)
8.50% Retail & Others
Promoter holding - history
Now 44.20% · Jun 2026High 44.20% · Sep 2025Low 44.20% · Sep 2025
43%43.8%44.5%45.3%46%Sep 2025Dec 2025Mar 2026Jun 2026Sep 2025: 44.20%Dec 2025: 44.20%Mar 2026: 44.20%Jun 2026: 44.20%44.20%44.20%
Shareholding trend - last 6 quarters
Jun 2026Mar 2026Dec 2025Sep 2025
Promoters44.20%44.20%44.20%44.20%
Public55.80%55.80%55.80%55.80%

Charges & Borrowings of V-Mart Retail Limited

Open charges
₹350 Cr
Satisfied charges
₹146.98 Cr
Breakdown by lending institutions
Axis Bank Limited₹140.00 Cr
Others₹84.00 Cr
Hdfc Bank Limited₹75.00 Cr
State Bank of India₹51.00 Cr
Latest charge details
DateLenderAmountStatus
31 Aug 2024 Axis Bank Limited ₹50 Cr Open
19 Sep 2019 Axis Bank Limited ₹90 Cr Open
23 Apr 2018 Hdfc Bank Limited ₹75 Cr Open
16 May 2017 Others ₹84 Cr Open
24 Sep 2010 State Bank of India ₹51 Cr Open

Total charge records: 25 View all charges

Employees and EPFO Compliance at V-Mart Retail Limited

V-Mart Retail Limited has a workforce of 10,640 employees as of Mar 29, 2024.

Employee count
10,640
Active EPFO establishments
4
Employee growth
18.41%
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Employee and EPFO history for V-Mart Retail Limited

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GST Compliance of V-Mart Retail Limited

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Credit Ratings, Litigation & Regulatory Alerts for V-Mart Retail Limited

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Credit ratings, litigation, and regulatory alerts for V-Mart Retail Limited

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MSME Payment Delays by V-Mart Retail Limited

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MSME payment history for V-Mart Retail Limited

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Subsidiaries & Group Companies of V-Mart Retail Limited

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Corporate group structure for V-Mart Retail Limited

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MCA Filings & Documents of V-Mart Retail Limited

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MCA filings and documents for V-Mart Retail Limited

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Recent Activity on V-Mart Retail Limited

Activity
29 Jul 2025
V-Mart Retail Limited last Annual general meeting of members was held on 29 Jul 2025 as per latest MCA records.
Activity
31 Mar 2025
V-Mart Retail Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Charges
09 Oct 2024
A charge registered on 06 Sep 2021 via Charge ID 100483632 with Axis Bank Limited was fully satisfied on 09 Oct 2024.
Charges
31 Aug 2024
A charge with Axis Bank Limited amounted to Rs. 50.00 Cr with Charge ID 100979148 was registered on 31 Aug 2024.
Directors
14 May 2024
Raghuvesh Sarup was appointed as a Director on 14 May 2024 & has been associated with this company since 2 years 4 months.
Directors
14 May 2024
Shweta Kumar was appointed as a Director on 14 May 2024 & has been associated with this company since 2 years 4 months.

Recent News on V-Mart Retail Limited

Frequently Asked Questions about V-Mart Retail Limited

V-Mart Retail Limited is an active public limited company in the consumer services sector based in New Delhi, Delhi, India. It was incorporated on 24 July 2002 (24+ years old) and is registered under CIN L51909DL2002PLC163727. Listed on BSE: 534976 and NSE: VMART. The company has 10,640 employees.

V-Mart Retail Limited reported revenue of ₹3,789.36 Cr for FY 2025-26 (up 16.46% YoY) based on standalone financials.

The current directors of V-Mart Retail Limited are:

The primary industry of V-Mart Retail Limited is consumer services. The company specifically operates in hypermarkets and large retail chains. The company is currently active in this sector.

Yes. V-Mart Retail Limited is listed on both BSE (code: 534976) and NSE (symbol: VMART).

V-Mart Retail Limited can be reached at the registered office: 610 – 611 Guru Ram Dass Nagar Main Market Opp. Sbi Bank Laxmi Nagar, New Delhi, Delhi, India – 110092, or through the website vmart.co.in.

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