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    Patel Retail Limited

    Maharashtra-based value-retail supermarket chain (Thane/Raigad/Palghar) with backward-integrated agro-processing plants in Ambernath and Kutch, exporting staples, spices and pulses to 35+ countries

    Consumer Services
    Consumer Discretionary
    View PATELRMART earnings calls

    Overview

    Price

    Market Cap

    ₹746 Cr

    Sector

    Consumer Services

    Consumer Discretionary

    Rank

    Performance

    Financials

    Income Statement

    Financial Trajectories

    11
    Quarterly

    Balance Sheet

    Balance Sheet

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26FY26
    LiabilitiesEquity Capital344424253333
    Reserves2641526870110335330
    Borrowings122176171184188183124163
    Other Liabilities2026474751666093
    Total Liabilities171247274303333383553620
    AssetsFixed Assets0273859606565108
    CWIP0262724001
    Investments00000000
    Other Assets170194209242268318488511
    Total Assets171247274303333383553620

    Cash Flow

    Cash Flow

    ₹ Cr · Annual
    Line itemFY20FY21FY22FY23FY24FY25FY26
    ActivitiesCash from Operating31-3934-62528-83
    Cash from Investing-12-13-16-5-12-11-26
    Cash from Financing-1757-120-13-8111
    SummaryCapital Expenditure
    Free Cash Flow19-5218-131316-101
    FCF Margin

    Valuation

    Assumptions

    Current — PATELRMART
    Price
    ₹218
    EPS (TTM)
    ₹11.28
    PE (TTM)
    19.3
    Profit growth
    39.6%

    The Earnings Per Share over the last 12 months.

    %

    Your assumption of the company's expected yearly EPS growth (e.g., 6 for 6%).

    Pre-filled with the lower of median (16.1×) and current (19.3×) PE — the conservative anchor.

    %

    The annualized return you aim to achieve. We solve for the price that delivers it, then compare to today's price.

    Valuation

    Current price
    ₹218
    vs
    Fair value · 15% return
    ₹468
    115%Undervalued

    At 39.6% growth and a 16× exit, ₹218 only delivers your return if you pay ₹468. The price is currently baking in 22% growth.

    EPS grows 39.6%/yr for 5 years, then fades to 6% over 2, exits at 16×.

    YearGrowthEPS (₹)
    FY2739.6%15.75
    FY2839.6%21.98
    FY2939.6%30.69
    FY3039.6%42.84
    FY3139.6%59.80
    FY3222.8% ·fade73.44
    FY336.0% ·fade77.85

    Methodology: we discount normalized net profit as a proxy for owner earnings (an earnings-power approximation — not full free cash flow). Terminal growth is capped at 6% (≈ nominal GDP) regardless of the required return. This is an analytical tool, not investment advice.

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