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VMM - Fundamental Analysis: Financial Health & Valuation

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Rating: 3.5

Last Updated Time : 02 Feb 26, 01:19 pm

Fundamental Rating: 3.5

Stock Code VMM Market Cap 58,188 Cr. Current Price 124 ₹ High / Low 158 ₹
Stock P/E 97.5 Book Value 14.2 ₹ Dividend Yield 0.00 % ROCE 10.1 %
ROE 7.62 % Face Value 10.0 ₹ DMA 50 131 ₹ DMA 200 132 ₹
Chg in FII Hold 0.12 % Chg in DII Hold 0.05 % PAT Qtr 182 Cr. PAT Prev Qtr 131 Cr.
RSI 41.9 MACD -2.84 Volume 52,27,058 Avg Vol 1Wk 1,53,57,222
Low price 96.0 ₹ High price 158 ₹ PEG Ratio 3.01 Debt to equity 0.02
52w Index 46.1 % Qtr Profit Var 40.1 % EPS 1.28 ₹ Industry PE 39.1

📊 Core Financials

  • Revenue & Profitability: Quarterly PAT rose from 131 Cr. to 182 Cr. (+40.1%), showing strong growth momentum.
  • Margins & Returns: ROCE at 10.1% and ROE at 7.62% indicate modest efficiency compared to peers.
  • Debt Ratios: Debt-to-equity at 0.02 reflects negligible leverage, ensuring financial stability.
  • Cash Flows: No dividend payout (0.00%) suggests reinvestment focus, limiting immediate shareholder returns.

💹 Valuation Indicators

  • P/E Ratio: 97.5 vs industry average of 39.1 → trades at a steep premium.
  • P/B Ratio: Current Price / Book Value ≈ 8.7 → significantly above intrinsic value.
  • PEG Ratio: 3.01 → signals overvaluation relative to growth.
  • Intrinsic Value: Current price (124 ₹) appears expensive compared to fundamentals.

🏢 Business Model & Competitive Advantage

  • Operates in mass-market consumer segment with wide reach.
  • Strong revenue growth momentum provides competitive positioning.
  • Low debt enhances resilience, though weak return ratios limit efficiency appeal.

📈 Entry Zone & Long-Term Guidance

  • Entry Zone: Attractive accumulation range between 110 ₹ – 118 ₹, closer to support levels.
  • Long-Term Holding: Suitable for growth-oriented investors, but staggered buying recommended due to high valuation and modest returns.

✅ Positive

  • Quarterly PAT growth (+40.1%) shows strong momentum.
  • Negligible debt-to-equity ratio (0.02) ensures financial safety.
  • FII (+0.12%) and DII (+0.05%) holdings increased, reflecting institutional confidence.

⚠️ Limitation

  • High P/E ratio (97.5) compared to industry average.
  • PEG ratio of 3.01 signals overvaluation relative to growth.
  • Weak ROCE (10.1%) and ROE (7.62%) limit efficiency appeal.

📉 Company Negative News

  • Stock trading below both 50 DMA (131 ₹) and 200 DMA (132 ₹), indicating weak momentum.
  • RSI at 41.9 and negative MACD (-2.84) suggest bearish technical outlook.
  • Low EPS (1.28 ₹) relative to price highlights valuation risk.

📈 Company Positive News

  • Quarterly PAT improved significantly from 131 Cr. to 182 Cr.
  • Institutional holdings (FII and DII) showed marginal increases.
  • Strong trading volumes reflect active investor interest.

🏭 Industry

  • Industry P/E at 39.1 indicates sector trades at lower multiples.
  • Consumer sector benefits from broad demand and scalability.
  • VMM trades at a premium, reflecting growth expectations but weak efficiency.

🔎 Conclusion

VMM shows strong profit growth momentum and negligible debt, but trades at a steep premium with weak efficiency ratios. Entry is advisable near 110 ₹ – 118 ₹ for long-term investors, with staggered accumulation to mitigate valuation risks. Overall, the company remains positioned for growth, though high valuation and modest returns warrant cautious optimism.

I can also outline support and resistance levels with RSI/MACD signals to refine entry timing for VMM if you’d like.

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