V-Mart Retail Share Price

V-Mart Retail

CMP as on 27-Nov-20 15:59

₹ 2,252.30
-56.35 -2.44%

Open

₹ 2,307.95

Turnover (lac)

₹ 795

Prev. Close

₹ 2,308.65

Day's Vol (shares)

₹ 35,296

Day's Range (₹)

₹ 2,222.00
₹ 2,318.50

CMP as on27-Nov-20 15:42

₹ 2,241.95
-62.6 -2.72%

Open

₹ 2,314.90

Turnover (lac)

₹ 12

Prev. Close

₹ 2,304.55

Day's Vol (shares)

₹ 992

Day's Range

₹ 2,235.00
₹ 2,315.00

V-Mart Retail Ltd retails readymade garments, accessories, etc. and is engaged in the business of Value Retailing through the chain of stores situated at various cities in India. The company operates its retail stores under the V-Mart brand.V-Mart is one of the pioneers in setting up stores across various small Indian towns and cities including Sultanpur, Ujjain, Motihari. The company primarily operates in Tier-II and Tier-III cities, with a chain of value retail departmental stores offering apparels, general merchandise and kirana, catering to the entire family. The company has established stores in Metro, Tier-I, Tier-II and Tier-III cities which are primarily located as standalone stores in high-street areas and shopping hubs of such cities. The average size of the store is approximately 8,000 Sq. Ft. It follows the concept of value retailing to target the strata of the population belonging to the expanding aspiring class and middle class based on customers socio-economic conditions, purchasing power, demographic details and customer trends.V-Mart Retail Ltd was originally incorporated as Varin Commercial Private Limited on 24th July 2002, in West Bengal. In October 2003, the company opened its first store by the name of V-Mart at Ahmedabad, Gujarat, and currently own and operate 62 stores spread across 53 cities and 10 states and union territories, with a total area of 5.06 lac Sq. Ft. Its stores are located in New Delhi, Gujarat, Uttar Pradesh, Bihar, Punjab, Chandigarh, Haryana, Jammu and Kashmir, Rajasthan and Madhya Pradesh. The name of the company was subsequently changed to V-Mart Retail Private Limited on 11th July 2006. Its name was further changed to V-Mart Retail Limited upon conversion into a public limited company on 11th July, 2008.In February 2013; the company successfully concluded the pubic issue of equity shares aggregating to Rs. 36,435 million. The initial public offer of the company was subscribed 1.19 times. While the qualified institutional buyers portion in the offer was subscribed 1.52 times, the non-institutional investors and retail investors segments were subscribed 1.39 and 0.79 times, respectively.During the financial year ended 31 March 2014, the company opened 23 new stores under the brand V-Mart spread over an area of 712,256 sq ft. During the year 3 stores were closed due to lower footfall, poor sales and nonprofit making. During the year under review, the company implemented a space policy at the stores with an objective of allocating space to the line of biz which has the higher propensity to generate better returns on the space allocated. The company continued to strengthen its back-end and front-end processes during the year by taking various initiatives. The three core focus areas for the company were supply chain management, capability building and investment in infrastructure. During the year, the company took on lease premises for a new warehouse. During the year under review the company organised various events so as to be in constant touch with the customers and get a better understanding of their needs.During the financial year ended 31 March 2015, the company opened 19 new stores under the brand V-Mart spread over an area of 1.71 lacs sq. ft. During the year, the company also completed the transition to a new warehouse and corporate office keeping into account the existing and future growth.During the financial year ended 31 March 2016, the company opened 17 new stores under the brand V-Mart spread over an area of 1.48 lacs sq. ft. The company closed two stores during the year.During the financial year ended 31 March 2017, the company continued with its existing approach to endeavor to establish its growth pattern in the Retail Industry with a chain of stores under the V-Mart brand in the north and eastern part of India. During the year, the company opened 20 new stores under the brand V-Mart which were spread over an area of 1.80 lacs sq. ft. The company closed two stores during the year.During the financial year ended 31 March 2018, the company opened 31 new stores under the brand V-Mart, which were spread over an area of 2.4 Lac sq. ft. The Company closed 1 store during the year. During the year under review, the company continued to focus on enhancing the capability of the organisation. During the year, the company ventured into Tier-IV towns for the first time.During the year 2019, the Company 44 new stores and closed one store. With this addition, the cumulative count of the companys stores increased to 214, spread over an area of 18 Lakhs sq. ft. V-Mart added three new states i.e. Assam, Meghalaya, and Himachal Pradesh to expand the footprint to 17 states.

  • Chairman & Managing Director

    Lalit Agarwal
  • Whole-time Director

    Madan Gopal Agarwal
  • Independent Director

    Aakash Moondhra
  • Independent Director

    Murli Ramachandran
  • Independent Director

    Sonal Mattoo
  • Company Secretary

    Megha Tandon
  • Independent Director

    GOVIND SHRIDHAR SHRIKHANDE

Registered Office

610-611 Guru Ram Dass Nagar,
Main Market Laxmi Nagar,New Delhi,
New Delhi-110092

REGISTRAR OFFICE

Karvy Selenium Tow-B,
Nanakramguda,Hyderabad-500032
INDIA