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V-Mart Retail Ltd.

BSE: 534976 Sector: Others
NSE: VMART ISIN Code: INE665J01013
BSE 00:00 | 25 Jan 3761.85 -81.50
(-2.12%)
OPEN

3786.25

HIGH

3879.75

LOW

3687.50

NSE 00:00 | 25 Jan 3773.05 -76.95
(-2.00%)
OPEN

3868.00

HIGH

3889.35

LOW

3680.00

OPEN 3786.25
PREVIOUS CLOSE 3843.35
VOLUME 1005
52-Week high 4620.00
52-Week low 2342.95
P/E 2101.59
Mkt Cap.(Rs cr) 7,426
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00
OPEN 3786.25
CLOSE 3843.35
VOLUME 1005
52-Week high 4620.00
52-Week low 2342.95
P/E 2101.59
Mkt Cap.(Rs cr) 7,426
Buy Price 0.00
Buy Qty 0.00
Sell Price 0.00
Sell Qty 0.00

V-Mart Retail Ltd. (VMART) - Company History

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 8000 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 customer's 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 it's 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. 36435 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 712256 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 company's 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.

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