Key Metrics of V-Mart Retail Limited
About V-Mart Retail Limited
Sectors
Company details
- Website
- vmartretail.com
- Founded
- 2002
- Registered office
- 610-611, Guru Ram Dass Nagar,, Main Market, Opp. Sbi Bank, Laxmi Nagar, East Delhi, New Delhi, In-dl, 110092
- Listed
- NSE: VMART · ₹739.50
Operational Areas of V-Mart Retail Limited
Company summary
Entity details
Compliance
Industry classification
Financials, ratios and risk analysis
Revenue, EBITDA, net profit, net worth, debt and assets for every filing year, 15+ ratios, the financial health score, shareholding, charges and peer comparison are part of the premium plan.
Sign in to continue See plans & pricingFiling compliance
Due dates follow the Companies Act: AGM within six months of the year end, AOC-4 within 30 days and MGT-7 within 60 days of the AGM. A filing made but not yet uploaded here shows as pending.
Vendor checks & payment capacity
Sign in with access to company financials to review vendor evidence.
Credit ratings
Rating history
Rating actions
| Date | Agency | Action | Long term | Short term | Outlook | Rated amount | Rationale |
|---|---|---|---|---|---|---|---|
| 02 Jun 2026 | ICRA | Reaffirmed | AA- | A1+ | Stable | ₹300 Cr | View |
| 01 Aug 2019 | CARE | Other | — | — | — | — | View |
| 19 Mar 2019 | CARE | Reaffirmed | A+ | A1+ | Positive | ₹53.0 Cr | View |
| 23 Mar 2018 | CARE | Other | — | — | — | ₹53.0 Cr | View |
| 07 Oct 2016 | CARE | Other | — | — | — | — | View |
| 23 Sep 2016 | CARE | Other | — | — | — | — | View |
| 21 Oct 2015 | CARE | Other | — | — | — | — | View |
| 14 Oct 2014 | CARE | Revised (from A-) | A | A1 | — | ₹53.0 Cr | View |
| 25 Mar 2014 | CARE | Reaffirmed | A- | — | — | ₹42.5 Cr | View |
Credit strengths (ICRA, Jun 2026)
+ Established track record of promoters and management in retail industry with healthy brand presence
VMRL, incorporated in 2002, opened its first retail store in 2003.
+ Wide geographical presence and diversified product offerings across various segments
VMRL had an operational portfolio of 577 stores across 28 states/Union Territories (UTs) as of March 2026.
+ Established relationships with vendor base
The company enjoys established business relationships with its wide vendor base, which ensures cost optimisation and smooth operations.The same is likely to help the company maintain a healthy market position in the value retailing industry.
Credit challenges
—
Could lead to an upgrade
The ratings could be upgraded if the company reports a meaningful growth in its scale of operations, along with an improvement in profitability, leading to healthier credit metrics.
Could lead to a downgrade
The ratings could be downgraded if a material decline in the operating income and/or a contraction in the profit margins, results in a decline in return metrics on a sustained basis. Further, an increase in the working capital intensity, or other factors, adversely impacting the cash flows, could put pressure on the ratings.
Agency-reported financials (ICRA, 02 Jun 2026)
| Metric | FY2025 | FY2026 |
|---|---|---|
| Operating income | ₹3,254 Cr | ₹3,789 Cr |
| PAT | ₹46.00 Cr | ₹124 Cr |
| OPBDIT/OI | 11.6% | 13.6% |
| PAT/OI | 1.4% | 3.3% |
| Total outside liabilities/Tangible net worth (times) | 1.90× | 1.80× |
| Total debt*/OPBDIT (times) | 2.10× | 1.90× |
| Interest coverage (times)** | 2.80× | 6.80× |
| Revenue growth (YoY) | — | 16.4% |
| EBITDA (margin × income) | ₹377 Cr | ₹515 Cr |
| Implied interest cost (EBITDA ÷ coverage) | ₹135 Cr | ₹75.78 Cr |
Borrowings & rated debt
Rated limits over time
Facility mix
Rated facilities
| Facility | Type | Previous | Current | Change | Rating | Action | Agency |
|---|---|---|---|---|---|---|---|
| Fund-based bank facilities (WC) | Working capital & bank lines | ₹295 Cr | ₹295 Cr | 0.0% | AA- (Stable) | Reaffirmed | ICRA |
| Non-fund based bank facilities | Non-fund based limits | ₹5.00 Cr | ₹5.00 Cr | 0.0% | A1+ | Reaffirmed | ICRA |
CARE ratings on record (checked 23 Oct 2026)
| Instrument | Amount | Rating |
|---|---|---|
| BG/LC | — | Withdrawn |
| Cash Credit | — | Withdrawn |
| Commercial Paper | — | Withdrawn |
Credit assessment · Cotton textile
Rating Methodology – Cotton Textile (Sep 2026) · Standalone accounts · FY 2025-26
Ratios, pillar scores and the indicative rating are part of Premium.
Rating status
| Default | No default on record |
| Issuer cooperation | Cooperating |
| Credit enhancement | None – standalone rating |
| Next action stable or better (model) | 61% |
| Information on file | 78% · missing: Capex / investment plans, Auditor details |
Indicative assessment from public data using the published methodology factors; not a credit rating.
Borrowing & funding lifecycle
- Credit outlook model: 61% chance the next rating action is stable or better
- Current rating AA- (investment grade)
- Interest coverage 6.8×
Rated limits by facility
Timeline
From the report
The liquidity position of the entity remains supported by adequate cushion in the company’s sanctioned working capital facilities and steady cash flow generation.
From the report
Liquidity position: Adequate VMRL’s liquidity profile is expected to remain Adequate, characterised by free cash and bank balance and liquid investments of around Rs. 35 crore, and unutilised fund-based working capital facilities of Rs 195 crore as on March 31, 2026.
Lender names, bank charges and audited borrowings are part of Premium.
Built from MCA charges, ICRA/CARE rating reports and audited accounts. The borrowing view is an estimate, not a lender's credit decision.
Registered office and contact
Directors and key people
Directors are read from the MGT-7 annual return and AOC-4 signatories.
Competitors of V-Mart Retail Limited
Top competitors by location
| Company | Description | Domain | Founded | Location |
|---|---|---|---|---|
| Silgo Retail Limited | · Manufacturing (Others) | — | — | Jaipur, Rajasthan, India |
| Denim & Casual Wear · Apparel, Textiles & Footwear | trentlimited.com | — | India | |
 Aditya Birla Fashion & Retail |
Formal & Premium Menswear · Apparel, Textiles & Footwear | abfrl.com | — | Mumbai, India |
| Formal & Premium Menswear · Apparel, Textiles & Footwear | raymond.in | — | Ratnagiri, India | |
 Arvind Fashions Limited |
Denim & Casual Wear · Apparel, Textiles & Footwear | arvindfashions.com | — | Ahmedabad, Gujarat, India |
 Page Industries |
Textiles, Cotton & Yarn · Apparel, Textiles & Footwear | pageind.com | 1995 | Bengaluru, India |
| S.p.apparels Limited | Denim & Casual Wear · Apparel, Textiles & Footwear | — | — | Tiruppur, Tamil Nadu, India |
 Vedant Fashions Limited |
Denim & Casual Wear · Apparel, Textiles & Footwear | manyavar.com | — | Kolkata, West Bengal, India |
 Monte Carlo Fashions (Oswal Woollen Mills) |
Denim & Casual Wear · Apparel, Textiles & Footwear | montecarlo.in | — | India |
| Denim & Casual Wear · Apparel, Textiles & Footwear | gocolors.com | — | Chennai, Tamil Nadu, India |
Similar companies
Charges (secured borrowings)
0 registered charges. Lenders, amounts and dates are part of the premium plan.
Statutory auditors
Auditors are read from the AOC-4 auditor's report section.
Business activities and related parties
Principal business activities and related-party transactions are read from MGT-7 and AOC-4 filings.
Filings
No filings on record yet.