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Time of India
5 days ago
- Business
- Time of India
Vishal Mega Mart shares jump 5% a day after promoters sold Rs 10,500 crore stake via block deal
Vishal Mega Mart (VMM) shares rose 5% to Rs 133.1 in Wednesday's intraday trade on the BSE, a day after the company's promoter, Samayat Services LLP, sold a 20% equity stake via a block deal . According to media reports, around 91 crore shares worth Rs 10,488 crore changed hands at Rs 115 per share. On Tuesday, the stock had closed at Rs 126.95, up 1.6%. Also Read: 8 debt-free penny stocks that surged 110-300% in the last 1 year. Do you own any? As of March 31, 2025, Samayat Services held a 74.55% stake in the company. The mid-cap company, with a market capitalisation of Rs 59,560 crore, was listed on December 18, 2024. Vishal Mega Mart shares have surged 21% in 2025, so far outperforming Sensex, which has delivered 4.12% returns on a year-to-date basis. Also Read: Street favourites! Analysts see these 10 smallcap stocks rallying 20-80% Vishal Mega Mart is a diversified retail company in India , primarily operating as a hypermarket chain. Their core business revolves around providing a wide range of products at affordable prices to middle and lower-middle-income groups. They offer products under categories like apparel, general merchandise and Fast-Moving Consumer Goods (FMCG), including groceries, personal care items and household essentials. The retail chain reported an 88% year-on-year (YoY) rise in net profit to Rs 115.1 crore for the March 2025 quarter, compared with Rs 61.2 crore in the same quarter last year. Revenue from operations rose 23.2% to Rs 2,547.9 crore in Q4 FY25, up from Rs 2,068.9 crore in Q4 FY24. Operating performance also improved, with EBITDA climbing 42.6% to Rs 357 crore from Rs 250.5 crore in the year-ago period. EBITDA margin expanded to 14% in the reporting quarter, compared with 12.1% a year earlier. EBITDA refers to earnings before interest, tax, depreciation, and amortisation. According to Trendlyne, the average target price for Vishal Mega Mart is Rs 130, indicating an upside of nearly 2% from current levels. Among the seven analysts tracking the stock, the consensus rating is 'Buy'. ( Disclaimer : Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of the Economic Times)
Time of India
6 days ago
- Business
- Time of India
Vishal Mega Mart promoter sells equity worth Rs 10,220 crore via block deals, 3 mutual funds among buyers
Vishal Mega Mart promoter entity Samayat Services LLP on Tuesday sold 90 crore equity shares worth Rs 10,220 crore in the company via block deals. Among the buyers were SBI Mutual Fund, HDFC MF and Kotak Mahindra MF who bought just over 32 crore shares between them at a combined cost of Rs 3,636 crore. Half of the shares were sold at a price of Rs 113.51 a piece while the remaining were sold at Rs 113.61 which was at a discount of 9% from the Monday closing price of Rs 124.85. SBI MF bought nearly 16.6 crore shares worth Rs 1,882 crore in a couple of tranches. Kotak MF purchased 7.95 crore shares at Rs 903 crore while HDFC MF bought 7.5 crore shares at a deal size of Rs 851 crore. Vishal Mega Mart promoter entity Samayat Services LLP on Tuesday sold 45 crore equity shares worth Rs 5,108 crore in the company via block deals. The shares were bought by SBI Mutual Fund, HDFC MF and Kotak Mahindra MF. Samayat Services held 74.55% stake in the company as on March 31, 2025. The midcap company, which has a market capitalisation of Rs 58,096 was listed on December 18, 2024. Vishal Mega Mart shares have rallied 18% in 2025, so far outperforming Nifty which has delivered 5% returns this year. Since its listing the returns stand at 12%. Vishal Mega Mart is a diversified retail company in India, primarily operating as a hypermarket chain. Their core business revolves around providing a wide range of products at affordable prices to middle and lower-middle-income groups. They offer products under categories like apparel, general merchandise and Fast-Moving Consumer Goods (FMCG) including groceries, personal care items and household essentials. The retail chain reported an 88% year-on-year (YoY) rise in net profit to Rs 115.1 crore for the March 2025 quarter, compared with Rs 61.2 crore in the same quarter last year. Revenue from operations rose 23.2% to Rs 2,547.9 crore in Q4 FY25, up from Rs 2,068.9 crore in Q4 FY24. Operating performance also improved, with EBITDA climbing 42.6% to Rs 357 crore from Rs 250.5 crore in the year-ago period. EBITDA margin expanded to 14% in the reporting quarter, compared with 12.1% a year earlier. EBITDA refers to earnings before interest, tax, depreciation, and amortisation.
Business Standard
6 days ago
- Business
- Business Standard
Vishal Mega Mart drops after block deal
Vishal Mega Mart dropped 3.24% to Rs 120.85 after heavy block deal activity early today, 17 June 2025. While the buyers and sellers are unknown, media reports suggest that the companys promoter, Samayat Services LLP, likely offloaded a 20% equity stake via a block deal. The deal was likely executed at a floor price of Rs 110 per share, about 12% lower than Mondays closing price of Rs 124.90. Trading volumes surged with BSE seeing 3.44 crore shares change hands, compared to the 3-month average of 7.66 lakh shares. NSE volumes surged to 107.89 crore shares, above the 3-month average of 1.81 crore. As of March 2025, Samayat Services LLP held a 74.55% stake in Vishal Mega Mart. Vishal Mega Mart is a leading retail player. It offers products across three major product categories, i.e., apparel, general merchandise and FMCG, through a pan-India network of 696 Vishal Mega Mart stores as of 31 March 2025 and Vishal Mega Mart mobile application and website. On a consolidated basis, the company's adjusted PAT (pre-ESOP charges) stood at Rs 128.10 crore (5.0% margin), a y-o-y growth of 109.9%. Revenue from operations stood at Rs 2547.90 crore, a y-o-y growth of 23.2%.
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Business Standard
6 days ago
- Business
- Business Standard
Vishal Mega Mart shares see record drop as 20% stake changes hands
Shares of Vishal Mega Mart saw a record plunge on Dalal Street after 937 million shares, representing a 20 per cent stake, changed hands, in what is likely to be a selloff by a promoter entity. Fashion-focused hypermarket chain, Vishal Mega Mart's stock price fell as much as 9.09 per cent during the day to ₹113.5 per share, the steepest decline ever seen by the stock since listing in December last year. The stock pared losses to trade 6 per cent lower at ₹117.3 apiece, compared to a 0.27 per cent decline in Nifty 50 as of 9:50 AM. The stock currently trades at the lowest level since May 2 this year and has fallen over 10 per cent from their recent highs of 131.9, which it hit earlier this month. The counter has risen 10.3 per cent this year, compared to a 5.2 per cent fall in the benchmark Nifty 50. Vishal Mega Mart has a total market capitalisation of ₹54,122.23 crore. The stock was the most traded one by volume on the Nifty Midcap 100 and was the worst performer on the index. Track LIVE Stock Market Updates Vishal Mega Mart block trades The company's shares fell after about 937 million shares changed hands in seven block trades, according to Bloomberg data. The buyers and sellers were not known immediately. However, the news agency had earlier reported that Vishal Mega Mart's promoter entity, Samayat Services LLP, is planning to raise as much as ₹9,900 crore via open market transactions. It initially offered around 459.7 million shares, but later upped the offer to 900 million shares. Samayat Services held around 3.4 billion shares, representing around 74.55 per cent of shares outstanding, as of the March 2025 quarter, according to BSE data. The floor price for the stake sale was set at ₹110 per share, a 11.9 per cent discount to Monday's close price. Kotak Securities, Morgan Stanley were the lead managers for the transaction. Vishal Mega Mart IPO The shares of Vishal Mega Mart debuted on the national bourses on December 18, after the ₹8,000 crore issue was subscribed 27.28 times, led by Qualified Institutional Buyers (QIBs). Vishal Mega Mart Q4 FY25 result Vishal Mega Mart reported a sharp jump in its financial performance for the March 2025 quarter, with net profit climbing 88.03 per cent year-on-year to ₹115.11 crore, up from ₹61.22 crore in the corresponding period last year. The company's revenue for the quarter also saw strong growth, rising 23.15 per cent to ₹2,547.89 crore, compared to ₹2,068.93 crore a year earlier.
India Today
6 days ago
- Business
- India Today
Explained: Why Vishal Mega Mart shares crashed 8% today
Vishal Mega Mart shares tanked by nearly 8% on Tuesday, hitting a low of Rs 115.10 in early trading on the BSE. Over the past five days, the stock has dropped by 8.83%. The main reason behind the sudden fall in Vishal Mega Mart's share price was the likely sale of a large stake by the company's promoter, Samayat Services LLP. Reports showed that Samayat Services may have sold around 20% of its equity in the company through a block to CNBC TV-18, about 91 crore shares changed hands at Rs 115 per share, valuing the transaction at roughly Rs 10,488 crore. However, the official details of the parties involved in the deal are not yet news had suggested the promoter was planning to sell a smaller stake of 10% in the company through block deals. This was estimated to be worth Rs 5,057 crore and expected to be done at a floor price of Rs 110 per share. This price was about 12% lower than the closing price on Monday, which was Rs Monday, the shares ended the day with a small gain of Rs 1.15, or 0.93%.As of March 31, 2025, Samayat Services held a 74.55% stake in Vishal Mega Mart. The company is a mid-cap stock with a market value of Rs 58,096 crore and was listed on the stock exchanges on December 18, the recent drop, Vishal Mega Mart's shares have done well overall this year. They have risen 18% in 2025 so far, outperforming the Nifty index, which has given a return of 5% year-to-date. Since the company's listing, the stock has gained 12%.Vishal Mega Mart is a retail company that operates a chain of hypermarkets in India. Its main focus is on offering a wide range of products at affordable prices, mainly targeting middle and lower-middle-income consumers. The company sells items across categories like clothing, general goods, and fast-moving consumer goods (FMCG) such as groceries, personal care products, and household company's financial performance has been strong. For the quarter ending March 2025, Vishal Mega Mart reported a net profit of Rs 115.1 crore. This was an 88% increase from Rs 61.2 crore in the same quarter last from operations also rose by 23.2% to Rs 2,547.9 crore in the quarter, compared to Rs 2,068.9 crore in the corresponding period in 2024. The company's operating profit, measured by EBITDA, increased 42.6% to Rs 357 crore from Rs 250.5 crore a year EBITDA margin, which shows the percentage of revenue converted into operating profit before interest, tax, depreciation, and amortisation, improved to 14% from 12.1% in the previous year's quarter. advertisement
