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V2 Retail BSE:532867 Stock Report

Last Price


Market Cap







16 Aug, 2022


Company Financials
532867 fundamental analysis
Snowflake Score
Future Growth0/6
Past Performance0/6
Financial Health2/6

532867 Stock Overview

V2 Retail Limited engages in the retail trade of garments, textiles, and accessories in India.

V2 Retail Competitors

Price History & Performance

Summary of all time highs, changes and price drops for V2 Retail
Historical stock prices
Current Share Price₹110.85
52 Week High₹206.95
52 Week Low₹99.00
1 Month Change4.13%
3 Month Change-16.97%
1 Year Change-1.47%
3 Year Change-4.77%
5 Year Change-67.91%
Change since IPO-85.26%

Recent News & Updates

Shareholder Returns

532867IN Multiline RetailIN Market

Return vs Industry: 532867 exceeded the Indian Multiline Retail industry which returned -2.9% over the past year.

Return vs Market: 532867 underperformed the Indian Market which returned 8.3% over the past year.

Price Volatility

Is 532867's price volatile compared to industry and market?
532867 volatility
532867 Average Weekly Movement9.1%
Multiline Retail Industry Average Movement4.6%
Market Average Movement6.4%
10% most volatile stocks in IN Market9.0%
10% least volatile stocks in IN Market4.1%

Stable Share Price: 532867 is more volatile than 90% of Indian stocks over the past 3 months, typically moving +/- 9% a week.

Volatility Over Time: 532867's weekly volatility (9%) has been stable over the past year, but is still higher than 75% of Indian stocks.

About the Company

20012,155Manshu Tandon

V2 Retail Limited engages in the retail trade of garments, textiles, and accessories in India. The company sells its products under the Godspeed, Herrlich, Glamora, ebellia, and Honey Brats brands. As of May 05, 2021, it operated 93 retail stores.

V2 Retail Fundamentals Summary

How do V2 Retail's earnings and revenue compare to its market cap?
532867 fundamental statistics
Market Cap₹3.81b
Earnings (TTM)-₹31.98m
Revenue (TTM)₹7.58b


P/S Ratio


P/E Ratio

Earnings & Revenue

Key profitability statistics from the latest earnings report
532867 income statement (TTM)
Cost of Revenue₹5.19b
Gross Profit₹2.39b
Other Expenses₹2.42b

Last Reported Earnings

Jun 30, 2022

Next Earnings Date


Earnings per share (EPS)-0.93
Gross Margin31.49%
Net Profit Margin-0.42%
Debt/Equity Ratio154.0%

How did 532867 perform over the long term?

See historical performance and comparison
We’ve recently updated our valuation analysis.


Is 532867 undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score


Valuation Score 4/6

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Below Fair Value

  • Significantly Below Fair Value

  • Analyst Forecast

Key Valuation Metric

Which metric is best to use when looking at relative valuation for 532867?

Other financial metrics that can be useful for relative valuation.

532867 key valuation metrics and ratios. From Price to Earnings, Price to Sales and Price to Book to Price to Earnings Growth Ratio, Enterprise Value and EBITDA.
Key Statistics
Enterprise Value/Revenue1x
Enterprise Value/EBITDA8.1x
PEG Ration/a

Price to Sales Ratio vs Peers

How does 532867's PS Ratio compare to its peers?

532867 PS Ratio vs Peers
The above table shows the PS ratio for 532867 vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyPSEstimated GrowthMarket Cap
Peer Average2.3x
532638 Shoppers Stop
534976 V-Mart Retail
535601 Sreeleathers
533181 IntraSoft Technologies
532867 V2 Retail

Price-To-Sales vs Peers: 532867 is good value based on its Price-To-Sales Ratio (0.5x) compared to the peer average (2.3x).

Price to Earnings Ratio vs Industry

How does 532867's PE Ratio compare vs other companies in the Asian Multiline Retail Industry?

Price-To-Sales vs Industry: 532867 is good value based on its Price-To-Sales Ratio (0.5x) compared to the Asian Multiline Retail industry average (0.9x)

Price to Sales Ratio vs Fair Ratio

What is 532867's PS Ratio compared to its Fair PS Ratio? This is the expected PS Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

532867 PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio0.5x
Fair PS Ration/a

Price-To-Sales vs Fair Ratio: Insufficient data to calculate 532867's Price-To-Sales Fair Ratio for valuation analysis.

Share Price vs Fair Value

What is the Fair Price of 532867 when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: 532867 (₹110.85) is trading below our estimate of fair value (₹179.84)

Significantly Below Fair Value: 532867 is trading below fair value by more than 20%.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

Analyst Forecast: Insufficient data to show price forecast.

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Future Growth

How is V2 Retail forecast to perform in the next 1 to 3 years based on estimates from 0 analysts?

Future Growth Score


Future Growth Score 0/6

  • Earnings vs Savings Rate

  • Earnings vs Market

  • High Growth Earnings

  • Revenue vs Market

  • High Growth Revenue

  • Future ROE


Forecasted Retail industry annual growth in earnings

In this section we usually present revenue and earnings growth projections based on the consensus estimates of professional analysts to help investors understand the company’s ability to generate profit. But as V2 Retail has not provided enough past data and has no analyst forecast, its future earnings cannot be reliably calculated by extrapolating past data or using analyst predictions.

This is quite a rare situation as 97% of companies covered by SimplyWall St do have past financial data.

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  • Examine whether V2 Retail is trading at an attractive price based on how much it is expected to earn in the future, and relative to its industry peers and the wider market.
  • V2 Retail competitive advantages and company strategy can generally be found in its financial reports archived here.

Past Performance

How has V2 Retail performed over the past 5 years?

Past Performance Score


Past Performance Score 0/6

  • Quality Earnings

  • Growing Profit Margin

  • Earnings Trend

  • Accelerating Growth

  • Earnings vs Industry

  • High ROE


Historical annual earnings growth

Earnings and Revenue History

Quality Earnings: 532867 is currently unprofitable.

Growing Profit Margin: 532867 is currently unprofitable.

Past Earnings Growth Analysis

Earnings Trend: 532867 is unprofitable, and losses have increased over the past 5 years at a rate of 60% per year.

Accelerating Growth: Unable to compare 532867's earnings growth over the past year to its 5-year average as it is currently unprofitable

Earnings vs Industry: 532867 is unprofitable, making it difficult to compare its past year earnings growth to the Multiline Retail industry (-12%).

Return on Equity

High ROE: 532867 has a negative Return on Equity (-1.24%), as it is currently unprofitable.

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Financial Health

How is V2 Retail's financial position?

Financial Health Score


Financial Health Score 2/6

  • Short Term Liabilities

  • Long Term Liabilities

  • Debt Level

  • Reducing Debt

  • Debt Coverage

  • Interest Coverage

Financial Position Analysis

Short Term Liabilities: 532867's short term assets (₹3.4B) exceed its short term liabilities (₹2.2B).

Long Term Liabilities: 532867's short term assets (₹3.4B) exceed its long term liabilities (₹3.2B).

Debt to Equity History and Analysis

Debt Level: 532867's net debt to equity ratio (151.1%) is considered high.

Reducing Debt: 532867's debt to equity ratio has increased from 2.3% to 154% over the past 5 years.

Debt Coverage: 532867's debt is not well covered by operating cash flow (14.7%).

Interest Coverage: 532867's interest payments on its debt are not well covered by EBIT (0.7x coverage).

Balance Sheet

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What is V2 Retail current dividend yield, its reliability and sustainability?

Dividend Score


Dividend Score 0/6

  • Notable Dividend

  • High Dividend

  • Stable Dividend

  • Growing Dividend

  • Earnings Coverage

  • Cash Flow Coverage

Dividend Yield vs Market

Notable Dividend: Unable to evaluate 532867's dividend yield against the bottom 25% of dividend payers, as the company has not reported any recent payouts.

High Dividend: Unable to evaluate 532867's dividend yield against the top 25% of dividend payers, as the company has not reported any recent payouts.

Stability and Growth of Payments

Stable Dividend: Insufficient data to determine if 532867's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if 532867's dividend payments have been increasing.

Earnings Payout to Shareholders

Earnings Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.

Cash Payout to Shareholders

Cash Flow Coverage: Unable to calculate sustainability of dividends as 532867 has not reported any payouts.

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How experienced are the management team and are they aligned to shareholders interests?


Average management tenure


Manshu Tandon





Mr. Manshu Tandon served as the Chief Executive Officer of V2 Retail Limited since October 16, 2017 until March 20, 2019 and served as its Chief Executive Officer from January 8, 2015 to December 31, 2016....

CEO Compensation Analysis

Compensation vs Market: Manshu's total compensation ($USD77.00K) is above average for companies of similar size in the Indian market ($USD37.68K).

Compensation vs Earnings: Manshu's compensation has increased whilst the company is unprofitable.

Leadership Team

Experienced Management: 532867's management team is considered experienced (2.4 years average tenure).

Board Members

Experienced Board: 532867's board of directors are considered experienced (3.5 years average tenure).


Who are the major shareholders and have insiders been buying or selling?

Insider Trading Volume

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.

Ownership Breakdown

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Company Information

V2 Retail Limited's employee growth, exchange listings and data sources

Key Information

  • Name: V2 Retail Limited
  • Ticker: 532867
  • Exchange: BSE
  • Founded: 2001
  • Industry: Department Stores
  • Sector: Retail
  • Implied Market Cap: ₹3.812b
  • Shares outstanding: 34.39m
  • Website:

Number of Employees


  • V2 Retail Limited
  • Khasra No. 928
  • Extended Lal Dora Abadi
  • New Delhi
  • Delhi
  • 110037
  • India


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2022/08/16 00:00
End of Day Share Price2022/08/16 00:00
Annual Earnings2022/03/31

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.