A deep dive into VMART (VMART) — examining the financials, valuation picture, and who owns the stock.
VMART Revenue Trend
A 16.4% jump in revenue took VMART's top line to ₹3,266 Cr in FY2025.
Zoom out, and the growth is clear: VMART's revenue compounded at 16.3% annually over 10 years, comfortably beating inflation and then some.
A ₹3,266 Cr revenue base makes VMART a mid-sized name in the Indian retail sector.
VMART has posted revenue growth for 4 consecutive years — that's a sustained trend, not a one-off.
| Year | Revenue | YoY % |
|---|---|---|
| FY2025 | ₹3,266 Cr | +16.4% |
| FY2024 | ₹2,807 Cr | +13.2% |
| FY2023 | ₹2,480 Cr | +47.6% |
| FY2022 | ₹1,680 Cr | +56.2% |
| FY2021 | ₹1,075 Cr | — |
View VMART's full 10-year revenue trend with CAGR analysis →
VMART Profitability
FY2025 diluted EPS of ₹5.72 was up from the ₹-12.23 reported in FY2024.
Is VMART Undervalued
The P/E Ratio model estimates an intrinsic value of ₹861, implying a 25.7% upside from the current price.
VMART shares are currently trading at ₹684.95.
Craytheon also calculates intrinsic value using the EPS Growth and DCF models. The full breakdown with assumptions is available in the detailed analysis.
| Model | Est. Fair Value | vs. Current Price |
|---|---|---|
| P/E Ratio | ₹861 | 25.7% upside to fair value |
| EPS Growth | Upgrade | Upgrade |
| DCF | Upgrade | Upgrade |
See all valuation models for VMART with detailed assumptions →
VMART Shareholding Pattern
Promoter holding has remained stable at 44.2% over the past 4 quarters, indicating confidence in the company's direction.
Foreign investors held 16.9% of the company as of March 2026, down year-over-year from 18.3%.
Domestic institutions moved their stake up to 31.9% from 31.5% over the past year.
| Quarter | Promoter | FII | DII | Public |
|---|---|---|---|---|
| Mar 2026 | 44.2% | 16.9% | 31.9% | 7.0% |
| Dec 2025 | 44.1% | 17.0% | 32.5% | 6.4% |
| Sep 2025 | 44.2% | 17.5% | 32.1% | 6.3% |
| Jun 2025 | 44.2% | 18.3% | 31.5% | 6.0% |
Track quarterly shareholding changes for VMART →
VMART Balance Sheet
Proportional view as of 3 Jun 2026. Hover blocks for details.
Assets
Liabilities & Equity
Total assets stood at ₹24.36B at the end of FY2025, down 14.4% from ₹28.45B a year earlier.
Inventories is the largest block at 40.5%, followed by Other Assets at 34.2% and Property, Plant & Equipment at 21.8%.
Equity makes up 33.3% of liabilities and equity, with debt at 32.1% and operating liabilities at 34.6%. Over the year, debt is down 43.8% and equity is up 8.5%.
Balance sheet composition — FY 2025
| Category | Value |
|---|---|
| Cash & ST Investments | 444.70M |
| Inventories | 9.87B |
| Property, Plant & Equipment | 5.32B |
| Intangibles & Goodwill | 412.30M |
| Other Assets | 8.32B |
| Category | Value |
|---|---|
| Equity | 8.10B |
| Short-term Debt | 3.42B |
| Long-term Debt | 4.41B |
| Trade Payables | 7.62B |
| Other Liabilities | 815.70M |
VMART — The Bottom Line
In summary, VMART (VMART) presents the following picture for fundamental analysts.
Revenue of ₹3,266 Cr in FY2025, up 16.4% year-over-year.
Long-term revenue has been compounding at 16.3% annually over 10 years.
The company is profitable, with a net margin of 1.4% and net income of ₹45.8 Cr.
The P/E Ratio model implies 25.7% upside to fair value from the current price. The remaining two models are worth cross-checking before drawing a conclusion — sign up to see the full analysis.
Unlock Full Analysis
Want to dig deeper? Craytheon's platform provides 10 years of financial data, three valuation models, and insider trading activity for VMART.