V2 Retail Limited
V2 Retail Limited, together with its subsidiary, V2 Smart Manufacturing Private Limited, engages in the retail trade of apparel and garments, textiles, and accessories in India. It also manufactures apparel. The company engages in the retail sale of readymade garments, hosiery goods, and other articles of clothing and clothing accessories. It sells its products under the GODSPEED, Herrlich, Glamo… Read more
V2 Retail Limited (V2RETAIL) - Net Assets
Latest net assets as of September 2025: ₹3.87 Billion INR
Based on the latest financial reports, V2 Retail Limited (V2RETAIL) has net assets worth ₹3.87 Billion INR as of September 2025.
Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (₹23.87 Billion) and total liabilities (₹20.00 Billion). This figure indicates the residual interest in the assets after deducting liabilities, essentially showing what would remain for shareholders if all assets were liquidated and all debts paid off.
Key Net Assets Metrics
| Metric | Value |
|---|---|
| Current Net Assets | ₹3.87 Billion |
| % of Total Assets | 16.21% |
| Annual Growth Rate | 12.95% |
| 5-Year Change | 28.88% |
| 10-Year Change | 16.98% |
| Growth Volatility | 79.18 |
V2 Retail Limited - Net Assets Trend (2005–2025)
This chart illustrates how V2 Retail Limited's net assets have evolved over time, based on quarterly financial data. Explore and compare other companies by net assets.
Annual Net Assets for V2 Retail Limited (2005–2025)
The table below shows the annual net assets of V2 Retail Limited from 2005 to 2025.
| Year | Net Assets | Change |
|---|---|---|
| 2025-03-31 | ₹3.46 Billion | +26.06% |
| 2024-03-31 | ₹2.75 Billion | +11.25% |
| 2023-03-31 | ₹2.47 Billion | -4.37% |
| 2022-03-31 | ₹2.58 Billion | -3.91% |
| 2021-03-31 | ₹2.69 Billion | -3.75% |
| 2020-03-31 | ₹2.79 Billion | -5.48% |
| 2019-03-31 | ₹2.95 Billion | +7.81% |
| 2018-03-31 | ₹2.74 Billion | -27.40% |
| 2017-03-31 | ₹3.77 Billion | +27.47% |
| 2016-03-31 | ₹2.96 Billion | +7.93% |
| 2015-03-31 | ₹2.74 Billion | +4.51% |
| 2014-03-31 | ₹2.62 Billion | -2.63% |
| 2013-03-31 | ₹2.70 Billion | -1.90% |
| 2012-03-31 | ₹2.75 Billion | -65.67% |
| 2011-03-31 | ₹8.00 Billion | +310.47% |
| 2010-03-31 | ₹1.95 Billion | +2.77% |
| 2009-03-31 | ₹1.90 Billion | -30.08% |
| 2008-03-31 | ₹2.71 Billion | +114.01% |
| 2007-03-31 | ₹1.27 Billion | +74.16% |
| 2006-03-31 | ₹727.85 Million | +140.13% |
| 2005-03-31 | ₹303.11 Million | -- |
Equity Component Analysis
This analysis shows how different components contribute to V2 Retail Limited's total equity over time. Equity components include common stock, retained earnings, additional paid-in capital, and other elements.
Equity Composition Insights
- Retained earnings have decreased by 601065000000.0% over the analyzed period, potentially due to dividend distributions or operating losses.
Current Equity Component Breakdown (March 2025)
| Component | Amount | Percentage |
|---|---|---|
| Common Stock | ₹345.89 Million | 9.99% |
| Other Comprehensive Income | ₹6.10 Billion | 176.28% |
| Other Components | ₹3.02 Billion | 87.31% |
| Total Equity | ₹3.46 Billion | 100.00% |
V2 Retail Limited Competitors by Market Cap
The table below lists competitors of V2 Retail Limited ranked by their market capitalization.
| Company | Market Cap |
|---|---|
|
Industrie De Nora S.p.A.
LSE:0ABI
|
$301.96 Million |
|
Guangdong VTR Bio-Tech Co Ltd
SHE:300381
|
$301.97 Million |
|
Target Hospitality Corp
NASDAQ:TH
|
$302.19 Million |
|
Ningbo Marine Co Ltd
SHG:600798
|
$302.30 Million |
|
Vetoquinol
PA:VETO
|
$301.84 Million |
|
MIDLAND STS BANCOR.DL-01
F:6HU
|
$301.84 Million |
|
Site Centers Corp
NYSE:SITC
|
$301.80 Million |
|
Xiamen Sunrise Wheel Group Co Ltd
SHE:002593
|
$301.71 Million |
Equity Growth Attribution
This analysis shows how different factors contributed to changes in V2 Retail Limited's equity between the two most recent reporting periods.
Equity Growth Insights
- From 2024 to 2025, total equity changed from 2,747,136,000 to 3,462,969,000, a change of 715,833,000 (26.1%).
- Net income of 720,323,000 contributed positively to equity growth.
Equity Change Factors (2024 to 2025)
| Factor | Impact | Contribution |
|---|---|---|
| Net Income | ₹720.32 Million | +20.8% |
| Other Changes | ₹-4.49 Million | -0.13% |
| Total Change | ₹- | 26.06% |
Book Value vs Market Value Analysis
This analysis compares V2 Retail Limited's book value (net assets) with its market value over time. The relationship between these values can provide insights into investor sentiment and company valuation.
Valuation Insights
- Current price-to-book ratio: 18.99x
- The company is trading at a significant premium to its book value, suggesting the market values its earnings potential, brand, or other intangibles highly.
- The price-to-book ratio has decreased from 83.54x to 18.99x over the analyzed period, indicating reduced market premium.
Historical Price-to-Book Ratios
| Date | Book Value per Share | Market Price | P/B Ratio |
|---|---|---|---|
| 2005-03-31 | ₹22.76 | ₹1901.40 | x |
| 2006-03-31 | ₹46.00 | ₹1901.40 | x |
| 2007-03-31 | ₹56.59 | ₹1901.40 | x |
| 2008-03-31 | ₹78.40 | ₹1901.40 | x |
| 2009-03-31 | ₹54.77 | ₹1901.40 | x |
| 2010-03-31 | ₹56.36 | ₹1901.40 | x |
| 2011-03-31 | ₹231.34 | ₹1901.40 | x |
| 2012-03-31 | ₹79.43 | ₹1901.40 | x |
| 2013-03-31 | ₹77.92 | ₹1901.40 | x |
| 2014-03-31 | ₹75.87 | ₹1901.40 | x |
| 2015-03-31 | ₹79.29 | ₹1901.40 | x |
| 2016-03-31 | ₹85.58 | ₹1901.40 | x |
| 2017-03-31 | ₹109.09 | ₹1901.40 | x |
| 2018-03-31 | ₹79.20 | ₹1901.40 | x |
| 2019-03-31 | ₹85.39 | ₹1901.40 | x |
| 2020-03-31 | ₹80.71 | ₹1901.40 | x |
| 2021-03-31 | ₹77.68 | ₹1901.40 | x |
| 2022-03-31 | ₹74.65 | ₹1901.40 | x |
| 2023-03-31 | ₹71.38 | ₹1901.40 | x |
| 2024-03-31 | ₹79.46 | ₹1901.40 | x |
| 2025-03-31 | ₹100.12 | ₹1901.40 | x |
Capital Efficiency Dashboard
This dashboard shows how efficiently V2 Retail Limited utilizes its equity to generate returns, including Return on Equity (ROE) and its components based on the DuPont analysis framework.
Capital Efficiency Insights
- Current Return on Equity (ROE): 20.80%
- The company demonstrates strong efficiency in generating profits from shareholder equity.
- DuPont Analysis Breakdown:
- • Net Profit Margin: 3.82%
- • Asset Turnover: 1.16x
- • Equity Multiplier: 4.70x
- Recent ROE (20.80%) is above the historical average (-8.10%), indicating improving capital efficiency.
Historical Capital Efficiency Metrics
| Year | Return on Equity | Net Profit Margin | Asset Turnover | Equity Multiplier | Economic Value Added |
|---|---|---|---|---|---|
| 2005 | 9.96% | 2.06% | 2.27x | 2.12x | ₹-111.00K |
| 2006 | 17.14% | 4.32% | 1.81x | 2.19x | ₹51.95 Million |
| 2007 | 19.71% | 4.15% | 1.37x | 3.46x | ₹123.07 Million |
| 2008 | 14.99% | 4.26% | 0.99x | 3.55x | ₹135.24 Million |
| 2009 | -49.87% | -7.14% | 1.21x | 5.76x | ₹-1.13 Billion |
| 2010 | -213.05% | -37.57% | 0.92x | 6.19x | ₹-4.35 Billion |
| 2011 | -8.15% | 0.00% | 0.00x | 1.08x | ₹-1.45 Billion |
| 2012 | -12.65% | -85.98% | 0.12x | 1.25x | ₹-622.31 Million |
| 2013 | -1.96% | -4.99% | 0.29x | 1.36x | ₹-322.25 Million |
| 2014 | -1.72% | -1.97% | 0.59x | 1.47x | ₹-307.50 Million |
| 2015 | 3.56% | 3.40% | 0.71x | 1.48x | ₹-176.72 Million |
| 2016 | 4.11% | 3.80% | 0.71x | 1.52x | ₹-174.33 Million |
| 2017 | 9.87% | 7.92% | 1.01x | 1.24x | ₹-4.79 Million |
| 2018 | 11.35% | 5.57% | 1.43x | 1.42x | ₹36.86 Million |
| 2019 | 6.94% | 2.75% | 1.61x | 1.57x | ₹-90.43 Million |
| 2020 | 3.15% | 1.26% | 0.97x | 2.58x | ₹-191.36 Million |
| 2021 | -4.78% | -2.39% | 0.66x | 3.03x | ₹-397.12 Million |
| 2022 | -4.52% | -1.86% | 0.79x | 3.07x | ₹-374.97 Million |
| 2023 | -5.19% | -1.53% | 1.06x | 3.22x | ₹-375.09 Million |
| 2024 | 10.12% | 2.40% | 1.13x | 3.74x | ₹3.39 Million |
| 2025 | 20.80% | 3.82% | 1.16x | 4.70x | ₹374.03 Million |
Industry Comparison
This section compares V2 Retail Limited's net assets metrics with peer companies in the Apparel Retail industry.
Industry Context
- Industry: Apparel Retail
- Average net assets among peers: $6,492,636,200
- Average return on equity (ROE) among peers: 22.63%
Peer Company Comparison
| Company | Net Assets | Return on Equity | Debt-to-Equity | Market Cap |
|---|---|---|---|---|
| V2 Retail Limited (V2RETAIL) | ₹3.87 Billion | 9.96% | 5.17x | $301.93 Million |
| Go Fashion (India) Limited (GOCOLORS) | $6.04 Billion | 13.71% | 0.89x | $70.02 Million |
| Heads UP Ventures Limited (HEADSUP) | $153.35 Million | 9.09% | 0.19x | $985.67K |
| Indian Terrain Fashions Limited (INDTERRAIN) | $1.97 Billion | -1.12% | 1.41x | $7.67 Million |
| SAI SILKS (KALAMANDIR) LIMITED (KALAMANDIR) | $10.63 Billion | 9.49% | 0.54x | $65.06 Million |
| Metro Brands Limited (METROBRAND) | $18.93 Billion | 21.79% | 0.77x | $399.87 Million |
| Credo Brands Marketing Limited (MUFTI) | $4.10 Billion | 16.67% | 0.88x | $17.86 Million |
| SSDL (SSDL) | $353.82 Million | 64.93% | 4.34x | $6.43 Million |
| Baazar Style Retail Limited (STYLEBAAZA) | $1.94 Billion | 2.64% | 3.48x | $67.69 Million |
| Suumaya Industries Limited (SUULD) | $4.86 Billion | 83.63% | 7.98x | $1.11 Million |
| Trent Limited (TRENT) | $15.96 Billion | 5.45% | 0.46x | $8.00 Billion |