Meesho Limited (MEESHO) · mywealthgrid

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About

Meesho Limited operates in e-commerce/e-retail within Consumer Discretionary, with market cap ₹87,247 Cr and consolidated quarterly revenue averaging ₹3.5–3.7 Cr. Standalone operations are profitable, but consolidated net losses persist, indicating that subsidiary or investment losses offset the core business profitability.

Face value: ₹1

Market cap

₹99,812 Cr

P/E

—

P/B

22.8×

Dividend yield

ROE

-31%

ROCE

-23.8%

Debt / equity

OPM

-11.8%

EPS (TTM)

₹-3.0

Book value

₹9.6

52-week high

—

52-week low

Key insights

Company research notes and source-linked reviews

Key risks

Persistent negative operating margins (consolidated OPM ranged from −15.32% in Dec 2025 to −6.05% in Jun 2026), indicating unit economics remain challenged despite improvement
Consolidated net losses (−₹490.67 Cr in Dec 2025, narrowing to −₹132.83 Cr in Jun 2026) despite standalone profitability; verify the nature and sustainability of consolidation drag
Negative ROE of −30.95%, indicating shareholder value destruction; verify whether this reflects temporary losses or structural issues
E-commerce retail margins under competitive pressure; verify Meesho's pricing power and ability to reach industry-typical profitability levels

Generated analysis · source review pending

Growth drivers

Consolidated losses are narrowing (from −₹490.67 Cr in Dec 2025 to −₹132.83 Cr in Jun 2026); if this trajectory holds, path to breakeven could unlock profitability gains
Standalone operations remain profitable (₹353.77 Cr net profit in Jun 2026), providing a foundation to scale; verify whether this reflects a viable business model or mask for consolidated issues
Zero debt (D/E = 0) provides financial flexibility to invest in growth, technology, or geographic expansion without solvency constraints
Quarterly consolidated revenue stable at ₹3.5–3.7 Cr; verify market-share trends and e-commerce TAM growth in India to assess scalability

Generated analysis · source review pending

197 historical price candles were omitted because the exchange source has not been verified.

₹218.7-2%1Y

Quick read

rule-based

Pros

+Almost debt-free (debt/equity 0)

Cons

−Low return on equity of -31% (3-yr avg)
−Weak interest coverage of -118.2×
−Trading at 22.8× book value
−Low promoter holding of 16.4%

Research score

Structured signal from quality, growth, valuation and momentum.

35/100

Business quality: 20
Valuation: 50

Revenue & net profit

₹ crore, by fiscal year

RevenuePAT

Margins

% of revenue, by fiscal year

OPMPAT margin

Peers

Comparable companies from the narrowest available industry classification.

Part ofNIFTY MIDCAP 150 NIFTY 200 NIFTY MIDSMALLCAP 400 NIFTY 500 NIFTY TOTAL MARKET

Screen this industry Compare top 5 side-by-side

Company	Mkt Cap	EV	Revenue	EBITDA	OPM	PAT	NPM	ROCE	ROE	WC Days
Meesho LimitedMEESHOMEESHO	₹99,812 Cr	₹99,812 Cr	₹12,626 Cr	₹-1,485 Cr	-11.8%	₹-1,358 Cr	-10.8%	-23.8%	-31%	-40
Swiggy LimitedSWIGGYSWIGGY	₹65,695 Cr	₹65,795 Cr	₹24,904 Cr	₹-2,927 Cr	-14%	₹-3,749 Cr	-18%	-24.6%	-19.7%	-16
Urban Company LimitedURBANCOURBANCO	₹24,111 Cr	₹24,111 Cr	₹1,717 Cr	₹-311 Cr	-14.3%	₹-334 Cr	-15.1%	-6.3%	-11.9%	-115
Cartrade Tech LimitedCARTRADECARTRADE	₹13,472 Cr	₹13,472 Cr	₹807 Cr	₹276 Cr	33%	₹231 Cr	31.3%	11.9%	9.5%	21
Brainbees Solutions LimitedFIRSTCRYFIRSTCRY	₹9,124 Cr	₹9,718 Cr	₹8,792 Cr	₹289 Cr	3.1%	₹-125 Cr	-2.4%	0.6%	-2.9%	81
Rentomojo LimitedRENTOMOJORENTOMOJO	₹5,461 Cr	₹5,649 Cr	₹387 Cr	₹159 Cr	41.1%	₹104 Cr	27%	26.3%	43.6%	—
Rattanindia Enterprises LimitedRTNINDIARTNINDIA	₹3,500 Cr	₹4,563 Cr	₹7,697 Cr	₹-654 Cr	-1.1%	₹-653 Cr	-2.2%	—	-19.6%	—
Macfos LtdROBUROBU	₹1,092 Cr	—	₹309 Cr	₹36 Cr	11.7%	₹26 Cr	8.3%	—	—	—
Intrasoft Technologies LimitedISFTISFT	₹160 Cr	₹177 Cr	₹545 Cr	₹17 Cr	3.1%	₹14 Cr	2.5%	5.9%	5.4%	0
Digidrive Distributors LimitedDIGIDRIVEDIGIDRIVE	₹68 Cr	₹68 Cr	₹47 Cr	₹-1 Cr	-3.7%	₹6 Cr	11.7%	2.8%	2%	48
Pace E-Commerce Ventures LtdPACEPACE	₹35 Cr	₹53 Cr	₹100 Cr	₹6 Cr	5.6%	₹4 Cr	3.8%	8.5%	4.8%	64
Ahasolar Technologies LtdAHASOLARAHASOLAR	₹20 Cr	—	₹11 Cr	₹-0 Cr	-0.4%	₹0 Cr	1.6%	—	—	—

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Financials

Reported profit and loss, balance sheet, cash flow and growth history.

Annual Quarterly

Consolidated Standalone

Consolidated figures · ₹ crore

₹ Cr	Mar 2026
Revenue	12,626
	14,111
	-1,485
OPM %	-11.8%
Depreciation	47
Interest	9
	332
Profit before tax	-1,209
Tax	148
Tax %	12.3%
PAT	-1,358
PAT margin %	-10.8%
EPS (₹)	-3.1
EPS adjusted (₹)	-3

₹ Cr	Mar 2023	Mar 2024	Mar 2025	Mar 2026
Equity capital	0	0	0	456
Reserves	2,118	1,876	1,048	3,930
Minority interest	354	354	398	—
	0	0	0	0
	1,381	1,931	5,781	3,520
Total equity & liabilities	3,853	4,161	7,226	7,907
	45	54	52	147
CWIP	—	—	—	0
Investments	2,344	744	4,983	1,210
	1,465	3,364	2,191	6,550
Total assets	3,853	4,161	7,226	7,907

₹ Cr	Mar 2026
	-3,875
	247
	4,101
Net cash flow	473
Free cash flow	-3,976
CFO / Operating profit %	—

Return on equity

7 years: —
5 years: —
3 years: —
Last year: -31%

Segment results

As reported in NSE results XBRL. Segment result is before tax and finance costs.

Source XBRL ↗

Latest reported period · 31 Mar 2026 · ₹ crore

Segment	Revenue	Result	Assets	Liabilities
Marketplace	12,614.18	-1,177.83	0	0
New Initiatives	12.17	-70.24	0	0

SegmentFigure

Marketplace · revenue

₹ crore by fiscal year

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Ratios

Annual operating, return, leverage and working-capital ratios.

Consolidated Standalone

Consolidated figures

Ratio	Mar 2026
Margins
Gross margin %	—
EBITDA margin %	-11.8%
EBIT margin %	-12.1%
PAT margin %	-10.8%
Working capital
Receivable days	0
Inventory days	0
Payable days	41
NWC days	-40
Leverage
Current ratio	1.55
Debt to EBITDA	—
Debt to equity	0
Interest coverage	-118.2
Asset turnover	1.6
Return ratios
Return on assets %	-17.2%
Return on capital employed %	-23.8%
Return on equity %	-31%

Derived from reported annual statements. ROCE uses EBIT over capital employed (total assets less current liabilities). Day counts average the opening and closing balance; receivables turn on revenue, inventory and payables on cost of goods sold.

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Shareholding

Quarterly ownership, named holders, insider transactions and disclosed deals.

Quarterly Annual

Every quarter filed · % of equity

Holder (%)	Sep 2025	Dec 2025	Mar 2026	Jun 2026
	16.76%	16.76%	16.57%	16.41%
	3.98%	4.31%	4.17%	5.19%
	4.22%	5.28%	5.55%	9.14%
	0.02%	0%	0%	0%
	75.02%	73.65%	73.71%	69.26%
No. of shareholders	4,01,146	2,13,179	1,89,154	2,46,157

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F&O

Current futures and options contracts with compact option-chain pages.

Not in the F&O segment

Only about 210 stocks have listed futures and options. Contracts appear here for those, refreshed after each close.

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Fund holders

Mutual-fund schemes that disclosed a holding in the company.

Portfolio month

Schemes holding

across 12 fund houses

Held by these funds

4.94%

of the company's equity

All mutual funds

8.15%

shareholding pattern, Jun 2026

Portfolios as of

August 2026

compared with July 2026

58 schemes · 12 fund houses

		Shares
Focused Fund	SBI Mutual Fund	5.8 Cr	1,192.28	2.33%	1.272%	-0
Aggressive Hybrid FundNEW	SBI Mutual Fund	3.54 Cr	727.15	0.82%	0.776%	—
LARGE CAP FUND	Nippon India Mutual Fund	2.17 Cr	444.89	0.82%	0.475%	+91.61 L
Smallcap Fund	SBI Mutual Fund	1.41 Cr	289.98	0.68%	0.309%	-0
Midcap FundNEW	Axis Mutual Fund	1.37 Cr	281.25	0.79%	0.3%	—
(Investment Manager for Motilal Oswal Mutual Fund)	Motilal Oswal Mutual Fund	1.34 Cr	276.12	1.37%	0.295%	-82,348
Multi Cap FundNEW	Nippon India Mutual Fund	1.23 Cr	253.43	0.45%	0.27%	—
Innovative Opportunities Fund	SBI Mutual Fund	1.19 Cr	244.58	4.45%	0.261%	-0

1–8 of 58

1 / 8

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Documents

Annual reports, exchange filings, offer documents, ratings and earnings-call material.

Announcements

Offer and rights documents

Meesho Limited — PROSPECTUSListing · 8 Dec 2025

Investor Presentation and earnings call

Jul 2026Transcript AI SummaryPPTREC
May 2026Transcript AI SummaryPPTREC

Documents link to external sources (exchange filings, company investor pages).

Loading documents…

Events

Upcoming dates and the company’s corporate-action history.

1

Board meeting to consider results23 Jul 2026

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Announcements

Latest exchange announcements, filings and downloadable documents.

1 month 3 months 6 months 1 year All

42 announcementsExport CSV

29 Sept 2026, 12:06 pmCompany Update

Grant Of Stock Options Under Meesho Limited - Employee Stock Option Plan, 2024

General PDF

29 Sept 2026, 12:00 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

21 Sept 2026, 10:51 pmCompany Update

Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

Allotment of ESOP / ESPS PDF

18 Sept 2026, 10:38 pmCompany Update

Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation

Analyst / Investor Meet PDF

18 Sept 2026, 10:30 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Scrutinizer''s Report

AGM PDF

18 Sept 2026, 4:19 pmAGM/EGM

Shareholder Meeting / Postal Ballot-Outcome of AGM

AGM PDF

15 Sept 2026, 5:51 pmInsider Trading / SAST

Closure of Trading Window

Closure of Trading Window PDF

12 Sept 2026, 1:13 pmCompany Update

Announcement under Regulation 30 (LODR)-Newspaper Publication

Newspaper Publication PDF

Date	Category	Subject	Filing
29 Sept 2026, 12:06 pm	Company Update General	Grant Of Stock Options Under Meesho Limited - Employee Stock Option Plan, 2024	PDF
29 Sept 2026, 12:00 pm	Company Update Allotment of ESOP / ESPS	Announcement under Regulation 30 (LODR)-Allotment of ESOP / ESPS

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Ratio	Mar 2026
Margins
Gross margin %	—
EBITDA margin %	-11.8%
EBIT margin %	-12.1%
PAT margin %	-10.8%
Working capital
Receivable days	0
Inventory days	0
Payable days	41
NWC days	-40
Leverage
Current ratio	1.55
Debt to EBITDA	—
Debt to equity	0
Interest coverage	-118.2
Asset turnover	1.6
Return ratios
Return on assets %	-17.2%
Return on capital employed %	-23.8%
Return on equity %	-31%

75 deals · 10 Jun 2026 – 23 Sept 2026

Date	Client	Type	Venue	Side	Quantity	Price	Value
23 Sept 2026	RPS WOS II LLC	Bulk	BSE	Sell	3,86,13,960	₹233.00	₹899.71 Cr
23 Sept 2026	RPS WOS II LLC	Block	BSE	Sell	1,31,98,588	₹233.00	₹307.53 Cr
23 Sept 2026	GOVERNMENT OF SINGAPORE	Block	BSE	Buy	1,31,98,588	₹233.00	₹307.53 Cr
23 Sept 2026	MIRAE ASSET MUTUAL FUND	Block	BSE	Buy	77,21,337	₹233.00	₹179.91 Cr
23 Sept 2026	RPS WOS II LLC	Block	BSE	Sell	77,21,337	₹233.00	₹179.91 Cr
23 Sept 2026	RPS WOS II LLC	Block	BSE	Sell	35,50,000	₹233.00	₹82.72 Cr
23 Sept 2026	SOCIETE GENERALE	Block	BSE	Buy	35,50,000	₹233.00	₹82.72 Cr
23 Sept 2026	RPS WOS II LLC	Block	BSE	Sell	20,50,000	₹233.00	₹47.77 Cr
23 Sept 2026	BNP PARIBAS ARBITRAGE	Block	BSE	Buy	20,50,000	₹233.00	₹47.77 Cr
23 Sept 2026	RPS WOS II LLC	Block	BSE	Sell	15,79,147	₹233.00	₹36.79 Cr

1–10 of 75

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Bulk deals are a client trading over 0.5% of the equity in a session, aggregated across their trades; block deals are single negotiated trades in the exchange’s block window. Each is reported by the exchange it was crossed on, so NSE and BSE rows are separate trades rather than the same trade twice.

Meesho Limited

About

Key insights

Key risks

Growth drivers

Quick read

Pros

Cons

Research score

Revenue & net profit

Margins

Peers

Financials

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

Segment results

Marketplace · revenue

Ratios

Ratio timeline

Shareholding

Quarterly record

F&O

Not in the F&O segment

Fund holders

Documents

Announcements

Offer and rights documents

Investor Presentation and earnings call

Events

Board meetings1

Announcements

Ratio timeline

Board meetings1

Not in the F&O segment

Quarterly record

Bulk & block deals

Board and management

Announcements

Offer and rights documents

Investor Presentation and earnings call

Profit & loss

Balance sheet

Cash flow

Compounded returns

Return on equity

Segment results

Marketplace · revenue

1

1