V-Mart Retail Limited (VMART) - Net Assets

Latest as of September 2025: Rs8.46 Billion INR ≈ $91.46 Million USD

Based on the latest financial reports, V-Mart Retail Limited (VMART) has net assets worth Rs8.46 Billion INR (≈ $91.46 Million USD) as of September 2025. Net assets (also known as shareholders' equity or book value) represent the difference between a company's total assets (Rs26.26 Billion ≈ $284.03 Million USD) and total liabilities (Rs17.81 Billion ≈ $192.56 Million USD). 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. Check V-Mart Retail Limited liquidity resilience to evaluate the company's liquid asset resilience ratio.

Key Net Assets Metrics

Metric	Value
Current Net Assets	Rs8.46 Billion
% of Total Assets	32.2%
Annual Growth Rate	28.1%
5-Year Change	-1.82%
10-Year Change	251.15%
Growth Volatility	56.43

V-Mart Retail Limited - Net Assets Trend (2008–2025)

This chart illustrates how V-Mart Retail Limited's net assets have evolved over time, based on quarterly financial data. Also explore V-Mart Retail Limited asset portfolio for the complete picture of this company's asset base.

Annual Net Assets for V-Mart Retail Limited (2008–2025)

The table below shows the annual net assets of V-Mart Retail Limited from 2008 to 2025. For live valuation and market cap data, see VMART stock market capitalisation.

Year	Net Assets	Change
2025-03-31	Rs8.10 Billion ≈ $87.62 Million	+8.46%
2024-03-31	Rs7.47 Billion ≈ $80.78 Million	-12.02%
2023-03-31	Rs8.49 Billion ≈ $91.82 Million	-0.07%
2022-03-31	Rs8.50 Billion ≈ $91.88 Million	+2.96%
2021-03-31	Rs8.25 Billion ≈ $89.25 Million	+79.81%
2020-03-31	Rs4.59 Billion ≈ $49.63 Million	+12.13%
2019-03-31	Rs4.09 Billion ≈ $44.26 Million	+17.80%
2018-03-31	Rs3.47 Billion ≈ $37.57 Million	+28.52%
2017-03-31	Rs2.70 Billion ≈ $29.24 Million	+17.17%
2016-03-31	Rs2.31 Billion ≈ $24.95 Million	+12.58%
2015-03-31	Rs2.05 Billion ≈ $22.16 Million	+20.44%
2014-03-31	Rs1.70 Billion ≈ $18.40 Million	+15.24%
2013-03-31	Rs1.48 Billion ≈ $15.97 Million	+172.34%
2012-03-31	Rs542.16 Million ≈ $5.86 Million	+23.37%
2011-03-31	Rs439.45 Million ≈ $4.75 Million	+17.08%
2010-03-31	Rs375.35 Million ≈ $4.06 Million	+6.95%
2009-03-31	Rs350.97 Million ≈ $3.80 Million	+191.82%
2008-03-31	Rs120.27 Million ≈ $1.30 Million	--

Equity Component Analysis

This analysis shows how different components contribute to V-Mart 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 grown by 17652.6% over the analyzed period, indicating profitable operations and earnings retention.

Current Equity Component Breakdown (March 2025)

Component	Amount	Percentage
Retained Earnings	Rs2.75 Billion	33.92%
Common Stock	Rs198.00 Million	2.44%
Other Comprehensive Income	Rs235.60 Million	2.91%
Other Components	Rs4.92 Billion	60.73%
Total Equity	Rs8.10 Billion	100.00%

V-Mart Retail Limited Competitors by Market Cap

The table below lists competitors of V-Mart Retail Limited ranked by their market capitalization.

Company	Market Cap
Kaveri Seed Company Limited NSE:KSCL	$529.76 Million
Ethan Allen Interiors Inc NYSE:ETD	$529.79 Million
Guangdong SACA Precision Manufacturing Co Ltd SHE:300464	$529.92 Million
Sichuan Golden Summit Group Joint Stock Co Ltd SHG:600678	$530.09 Million
mF International Limited Ordinary Shares NASDAQ:MFI	$529.69 Million
Brainsway Ltd NASDAQ:BWAY	$529.64 Million
Sequent Scientific Limited NSE:SEQUENT	$529.07 Million
Zhejiang Dibay Electric Co Ltd SHG:603320	$529.03 Million

Equity Growth Attribution

This analysis shows how different factors contributed to changes in V-Mart Retail Limited's equity between the two most recent reporting periods.

Equity Growth Insights

From 2024 to 2025, total equity changed from 7,469,900,000 to 8,101,800,000, a change of 631,900,000 (8.5%).
Net income of 457,700,000 contributed positively to equity growth.
Share repurchases of 41,500,000 reduced equity.
New share issuances of 41,500,000 increased equity.
Other comprehensive income increased equity by 176,299,999.

Equity Change Factors (2024 to 2025)

Factor	Impact	Contribution
Net Income	Rs457.70 Million	+5.65%
Share Repurchases	Rs41.50 Million	-0.51%
Share Issuances	Rs41.50 Million	+0.51%
Other Comprehensive Income	Rs176.30 Million	+2.18%
Other Changes	Rs-2.10 Million	-0.03%
Total Change	Rs-	8.46%

Book Value vs Market Value Analysis

This analysis compares V-Mart 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: 1.52x
The company is trading above its book value, indicating the market recognizes value beyond its reported assets.
The price-to-book ratio has decreased from 92.05x to 1.52x over the analyzed period, indicating reduced market premium.

Historical Price-to-Book Ratios

Date	Book Value per Share	Market Price	P/B Ratio
2008-03-31	Rs6.70	Rs616.45	x
2009-03-31	Rs19.54	Rs616.45	x
2010-03-31	Rs20.90	Rs616.45	x
2011-03-31	Rs24.47	Rs616.45	x
2012-03-31	Rs38.87	Rs616.45	x
2013-03-31	Rs101.22	Rs616.45	x
2014-03-31	Rs94.75	Rs616.45	x
2015-03-31	Rs113.96	Rs616.45	x
2016-03-31	Rs127.84	Rs616.45	x
2017-03-31	Rs149.14	Rs616.45	x
2018-03-31	Rs191.33	Rs616.45	x
2019-03-31	Rs225.16	Rs616.45	x
2020-03-31	Rs252.67	Rs616.45	x
2021-03-31	Rs448.28	Rs616.45	x
2022-03-31	Rs428.95	Rs616.45	x
2023-03-31	Rs429.52	Rs616.45	x
2024-03-31	Rs377.74	Rs616.45	x
2025-03-31	Rs405.17	Rs616.45	x

Capital Efficiency Dashboard

This dashboard shows how efficiently V-Mart 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): 5.65%
The company has moderate efficiency in generating returns from equity.
DuPont Analysis Breakdown:
• Net Profit Margin: 1.41%
• Asset Turnover: 1.34x
• Equity Multiplier: 3.01x
Recent ROE (5.65%) is below the historical average (10.33%), suggesting potential challenges in capital efficiency.

Historical Capital Efficiency Metrics

Year	Return on Equity	Net Profit Margin	Asset Turnover	Equity Multiplier	Economic Value Added
2008	29.30%	3.60%	1.99x	4.09x	Rs23.21 Million
2009	2.98%	0.74%	1.79x	2.27x	Rs-24.64 Million
2010	6.20%	1.62%	1.68x	2.28x	Rs-14.28 Million
2011	14.26%	2.93%	1.95x	2.50x	Rs18.70 Million
2012	19.28%	3.71%	2.11x	2.46x	Rs50.33 Million
2013	12.19%	4.70%	1.67x	1.56x	Rs32.39 Million
2014	14.78%	5.33%	1.61x	1.73x	Rs81.42 Million
2015	18.23%	6.12%	1.86x	1.61x	Rs168.73 Million
2016	11.98%	3.41%	2.11x	1.66x	Rs45.61 Million
2017	16.24%	4.38%	2.01x	1.85x	Rs168.70 Million
2018	22.36%	6.36%	2.22x	1.58x	Rs429.60 Million
2019	15.06%	4.30%	2.27x	1.54x	Rs206.99 Million
2020	10.75%	2.97%	1.36x	2.67x	Rs34.52 Million
2021	-0.75%	-0.58%	0.66x	1.97x	Rs-887.26 Million
2022	1.37%	0.70%	0.79x	2.47x	Rs-733.21 Million
2023	-0.92%	-0.32%	0.90x	3.23x	Rs-927.49 Million
2024	-12.95%	-3.48%	0.98x	3.81x	Rs-1.71 Billion
2025	5.65%	1.41%	1.34x	3.01x	Rs-352.48 Million

Industry Comparison

This section compares V-Mart Retail Limited's net assets metrics with peer companies in the Department Stores industry.

Industry Context

Industry: Department Stores
Average net assets among peers: $25,614,808,700
Average return on equity (ROE) among peers: 1.44%

Peer Company Comparison

Company	Net Assets	Return on Equity	Debt-to-Equity	Market Cap
V-Mart Retail Limited (VMART)	Rs8.46 Billion	29.30%	2.11x	$529.72 Million
Future Enterprises Limited (FEL)	$31.95 Billion	2.39%	2.04x	$46.22
Future Enterprises Limited (FELDVR)	$38.21 Billion	0.92%	1.76x	$1.26 Million
Future Retail Limited (FRETAIL)	$38.47 Billion	18.90%	1.75x	$13.37 Million
Osia Hyper Retail Limited (OSIAHYPER)	$913.49 Million	9.90%	3.39x	$11.05 Million
Shoppers Stop Limited (SHOPERSTOP)	$3.01 Billion	25.63%	16.56x	$353.57 Million
Spencer's Retail Limited (SPENCERS)	$2.74 Billion	-47.74%	4.82x	$33.68 Million
Vishal Mega Mart Ord Shs (VMM)	$64.01 Billion	0.12%	0.56x	$6.18 Billion

About V-Mart Retail Limited

NSE:VMART India Department Stores

Market Cap

$529.72 Million

Rs48.98 Billion INR

Market Cap Rank

#12245 Global

#577 in India

Share Price

Rs616.45

Change (1 day)

-3.32%

52-Week Range

Rs477.20 - Rs3698.80

All Time High

Rs4495.47