V-Mart Retail Limited

NSEI:VMART Stock Report

Market Cap: ₹76.1b

V-Mart Retail Valuation

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

Valuation Score

1/6

Valuation Score 1/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Sales vs Peers

  • Price-To-Sales vs Industry

  • Price-To-Sales vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

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

Below Fair Value: VMART (₹3845.05) is trading above our estimate of fair value (₹3101.68)

Significantly Below Fair Value: VMART is trading above our estimate of fair value.

Key Valuation Metric

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

Key metric: As VMART is unprofitable we use its Price-To-Sales Ratio for relative valuation analysis.

The above table shows the Price to Sales ratio for VMART. This is calculated by dividing VMART's market cap by their current revenue.
What is VMART's PS Ratio?
PS Ratio2.5x
Sales₹30.05b
Market Cap₹76.12b

Price to Sales Ratio vs Peers

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

The above table shows the PS ratio for VMART vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PSEstimated GrowthMarket Cap
Peer Average4.9x
SHOPERSTOP Shoppers Stop
1.5x13.8%₹66.4b
534597 RattanIndia Enterprises
1.3xn/a₹85.0b
511431 Vakrangee
11.3xn/a₹25.9b
ROCKINGDCE Rockingdeals Circular Economy
5.4xn/a₹3.0b
VMART V-Mart Retail
2.5x15.5%₹76.1b

Price-To-Sales vs Peers: VMART is good value based on its Price-To-Sales Ratio (2.5x) compared to the peer average (4.9x).

Price to Sales Ratio vs Industry

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

19 CompaniesPrice / SalesEstimated GrowthMarket Cap
VMART 2.5xIndustry Avg. 0.9xNo. of Companies22PS00.81.62.43.24+
19 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Sales vs Industry: VMART is expensive based on its Price-To-Sales Ratio (2.5x) compared to the Asian Multiline Retail industry average (0.9x).

Price to Sales Ratio vs Fair Ratio

What is VMART'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.

VMART PS Ratio vs Fair Ratio.
Fair Ratio
Current PS Ratio2.5x
Fair PS Ratio2.3x

Price-To-Sales vs Fair Ratio: VMART is expensive based on its Price-To-Sales Ratio (2.5x) compared to the estimated Fair Price-To-Sales Ratio (2.3x).

Analyst Price Targets

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

The above table shows the analyst VMART forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹3,845.05
₹4,339.06
+12.8%
22.4%₹5,624.00₹2,100.00n/a16
Nov ’25₹4,191.15
₹4,258.38
+1.6%
22.1%₹5,218.00₹2,100.00n/a16
Oct ’25₹4,412.85
₹3,507.06
-20.5%
18.5%₹4,633.00₹2,100.00n/a16
Sep ’25₹3,601.00
₹3,477.50
-3.4%
17.6%₹4,633.00₹2,100.00n/a16
Aug ’25₹3,425.40
₹2,553.00
-25.5%
18.3%₹3,583.00₹1,900.00n/a17
Jul ’25₹2,991.00
₹2,424.53
-18.9%
14.1%₹3,276.00₹1,900.00n/a17
Jun ’25₹2,093.90
₹2,384.76
+13.9%
11.4%₹2,987.00₹1,900.00n/a17
May ’25₹2,161.45
₹2,356.88
+9.0%
13.3%₹2,987.00₹1,800.00n/a17
Apr ’25₹2,171.90
₹2,343.94
+7.9%
13.6%₹2,987.00₹1,800.00n/a17
Mar ’25₹1,934.15
₹2,343.94
+21.2%
13.6%₹2,987.00₹1,800.00n/a17
Feb ’25₹2,137.05
₹2,081.82
-2.6%
14.7%₹2,697.00₹1,550.00n/a17
Jan ’25₹2,024.35
₹2,039.40
+0.7%
16.6%₹2,697.00₹1,550.00n/a15
Dec ’24₹1,781.15
₹2,040.06
+14.5%
16.4%₹2,697.00₹1,550.00n/a16
Nov ’24₹1,658.55
₹2,396.56
+44.5%
11.6%₹2,795.00₹1,745.00₹4,191.1516
Oct ’24₹1,972.30
₹2,443.44
+23.9%
11.6%₹2,795.00₹1,745.00₹4,412.8516
Sep ’24₹2,254.70
₹2,443.44
+8.4%
11.6%₹2,795.00₹1,745.00₹3,601.0016
Aug ’24₹2,290.85
₹2,444.50
+6.7%
15.4%₹3,200.00₹1,745.00₹3,425.4016
Jul ’24₹2,211.85
₹2,434.19
+10.1%
15.4%₹3,200.00₹1,745.00₹2,991.0016
Jun ’24₹2,040.05
₹2,439.88
+19.6%
16.0%₹3,200.00₹1,745.00₹2,093.9016
May ’24₹2,169.75
₹2,976.41
+37.2%
15.5%₹3,643.00₹2,130.00₹2,161.4517
Apr ’24₹2,162.30
₹3,034.65
+40.3%
13.4%₹3,643.00₹2,215.00₹2,171.9017
Mar ’24₹2,400.50
₹3,034.65
+26.4%
13.4%₹3,643.00₹2,215.00₹1,934.1517
Feb ’24₹2,761.15
₹3,587.94
+29.9%
12.5%₹4,344.00₹2,530.00₹2,137.0516
Jan ’24₹2,842.85
₹3,587.94
+26.2%
12.5%₹4,344.00₹2,530.00₹2,024.3516
Dec ’23₹2,790.20
₹3,584.81
+28.5%
12.5%₹4,344.00₹2,530.00₹1,781.1516
Nov ’23₹3,048.05
₹3,626.31
+19.0%
11.7%₹4,150.00₹2,530.00₹1,658.5516

Analyst Forecast: Target price is less than 20% higher than the current share price.

Discover undervalued companies

7NR Retail

₹144.2m

Engages in the wholesale and retail of textile products in India.

540615

₹5.15

7D

-0.2%

1Y

-4.6%

Svaraj Trading and Agencies

₹159.3m

Engages in general trading business and allied activities in India.

503624

₹10.80

7D

-2.6%

1Y

52.1%

Mafia Trends

₹70.5m

Operates as specialty retail textile company in India.

543613

₹15.91

7D

-3.6%

1Y

13.6%