V2 Retail

B+Hold / Watchlist

V2RETAIL · NSE · Small Cap · Modern Trade — Fashion

Modern Trade — Fashion

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₹1,880

1D 1.8%1M 8.5%1Y 165%

Fundamental (RQ-100)

Technical (TQ-100)

Valuation

Market cap

₹5.8K Cr

Live decision ratingB+Hold

Fundamental score breakdown

71/100

Growth Quality

19.3 / 20

Rev 1Y 42.0%, 3Y CAGR 32.0%, 5Y CAGR 22.0%

Margin & Profitability

4.5 / 15

EBITDA 10.0%, PAT 4.0%

Return on Capital

17.6 / 20

ROCE 22.0%, ROE 28.0%

Cash Flow Quality

7.0 / 15

OCF/EBITDA 0.70

Leverage

6.0 / 10

ND/EBITDA 1.00

Reinvestment

8.0 / 8

Capex/Sales 5.0%

Accounting

5.0 / 7

Governance

4.0 / 5

Technical score breakdown

59/100

Trend Structure

8.0 / 20

↓ 200 · ↓ 50 · ↓ 20

Momentum

15.0 / 15

1Y 165.0%, 1M 8.5%

Volume Dynamics

8.0 / 15

Vol30 —%

Relative Strength

13.0 / 15

1Y 165.0%

MA Cluster

5.0 / 10

Extension

5.0 / 10

—% from 50DMA

Volatility

4.0 / 8

Price Action

1.0 / 7

-100.0% from 52W H

Business

What this company actually does

Tier 2/3 value fashion retailer. Recent multi-bagger on store throughput.

Stores

175

Dark stores

—

Cities

110

Listed status

Listed

Format exposure

How direct is this play?

Primary formatModern Trade — Fashion

Exposure typeDominant

Revenue visibilityMedium

Operating leverage stageScaling

Policy beneficiaryNone

Data confidenceMedium

Financial snapshot

Live · green dot = live, falls back to curated

Revenue

₹1.8K Cr

Rev 1Y growth

42%

Rev 3Y CAGR

32%

EBITDA margin

10.0%

PAT margin

4.0%

ROE

28%

ROCE

22%

OCF/EBITDA

0.70

Net Debt/EBITDA

1.0

Financial statements

Multi-year P&L, balance sheet, cash flow — scraped live from Screener.in

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Valuation

Live multiples + retail-specific (curated)

P/E

110

Forward P/E

EV/EBITDA

EV/Sales

2.4

P/B

12.0

FCF Yield

1.6%

Mid-range valuation. Watch incremental ROCE.

Retail KPIs

The unit-economics that define the format

SSSG

26.0%

Investment thesis

AI-generated · always cite sources before acting

Bull

Best-in-class 22% ROCE with 0.70 OCF conversion. Compounding revenue at 32% CAGR. Pure-play exposure to Modern Trade — Fashion. Technical setup constructive — stock above key moving averages.

Base

Earnings growth of ~35% over the next 3 years assuming margins hold. Multiple compression risk if growth slows; multiple expansion possible if Modern Trade — Fashion GMV outperforms.

Bear

Format-level risk: regulation, gig-cess, or competitive pressure compress contribution margin.

Variant perception

Consensus views V2 Retail as a decent operator. Our differentiated take: the current multiple already prices in mid-cycle outcomes.

Key monitorables