Patel Retail Q1 FY27 Share Price & Earnings Call Analysis
- Market cap
- ₹802 Cr
- P/E
- 19.27
- ROE
- 15.65%
- PEG
- 0.57
- Price to sales
- 0.67
- Debt to equity
- 0.45
- 52W high / low
- ₹262 / ₹151
- Sales growth (5Y)
- 4.95%
- EBITDA margin
- 6.46%
- Net profit margin
- 3.72%
- Promoter holding
- 70.00%
- Sales (last year)
- ₹1,175 Cr
Incorporated in 2008, Patel Retail Ltd is in the retail and non-retail business.[1]
Guidance scorecard · Q1 FY27 call
What Patel Retail Ltd's management guided
and where it ranks in Retailing
Retailing
RevenueQ1 FY27 call
20–40%- Patel Retail plans to enter Western suburban Mumbai and Pune PCMC region within the next five years after identifying clusters.
- Focus will be on steady profitability alongside volume and capital allocation.
- Retail store network expansion to continue with 8-10 new stores targeted in FY27, each expected to generate approx. INR 1 crore monthly revenue.
- Private label portfolio expansion and e-commerce/quick commerce presence to grow, enhancing sales and margins.
- Existing stores show rising sales trends quarter-on-quarter; mature stores average INR 20,000 sales per sq. ft.
2 more points from Patel Retail Ltd's call on revenue
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MarginsQ1 FY27 call
Up 0–2%See what Patel Retail Ltd said on margins — free account, 30 seconds.
CapexQ1 FY27 call
Planned- Patel Retail is focused on a cluster-based expansion strategy, identifying pockets in areas such as Western Pune and PCMC for new retail stores.
- Expecting to open 8 to 10 new stores in FY27, with each new store targeting monthly revenues around INR 1 crore.
- Capex payback period for new stores is approximately 24 months.
- Investment per store is about INR 5,000 to 6,000 per square foot on average.
- Automation is being introduced in processing facilities to improve quality control, reduce labor costs, and enhance production efficiency, aiming to increase capacity utilization to around 80-82% by FY28.
2 more points from Patel Retail Ltd's call on capex
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FundraisingQ1 FY27 call
See what Patel Retail Ltd said on fundraising — free account, 30 seconds.
Order bookQ1 FY27 call
Ask what Patel Retail Ltd said on the order book →
Full Q1 FY27 analysisRanges are what management guided for revenue growth and margins on the latest earnings call. Not investment advice, and not a forecast of returns.
Potential multibaggers · Q2 FY27
Potential multibaggers in Retailing
on management's own guidance
- Strong growth2
- Strong growth1
- Entero Healthcare Solutions LtdGood growth3
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Ranks describe management commentary on revenue and margin from the latest earnings call. Not investment advice.
Peers
Retailing companies ranked on guidance
| # | Company | Revenue guided | Margin guided | Market cap | P/E |
|---|---|---|---|---|---|
| 1 | 40%+ | Flat | ₹6,264 Cr | 38.2 | |
| 2 | 40%+ | Flat | ₹6,053 Cr | 53.9 | |
| 3 | Entero Healthcare Solutions Ltd | 20–40% | Up 0–2% | ₹6,899 Cr | 53.5 |
| 4 | Patel RetailThis stock | 20–40% | Up 0–2% | ₹790 Cr | 19.0 |
| 5 | 20–40% | Flat | ₹3.14L Cr | 725.0 | |
| 6 | 20–40% | Flat | ₹1.12L Cr | 170.8 |
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Pro shows every company guiding 40%+ revenue growth →Full Retailing rankingFinancials of Patel Retail Ltd
Quarterly Results, Profit & Loss, Balance Sheet, Cash Flows, and Ratios are shown below as separate sections.
Financials of Patel Retail Ltd
Quarterly Results
Quarter-by-quarter operating performance
| Jun 2024 | Sep 2024 | Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|
| Sales + | 177.38 | 195.33 | 228.31 | 219.67 | 182.45 | 222.44 | 309.27 | 334.16 |
| Expenses + | 163.91 | 181.19 | 214.36 | 204.10 | 167.31 | 205.88 | 286.20 | 316.82 |
| Operating Profit | 13.47 | 14.14 | 13.95 | 15.57 | 15.14 | 16.56 | 23.07 | 17.34 |
| OPM % | 7.59% | 7.24% | 6.11% | 7.09% | 8.30% | 7.44% | 7.46% | 5.19% |
| Other Income + | 1.53 | 0.74 | 1.28 | 1.75 | 0.74 | 2.99 | 1.85 | 5.39 |
| Interest | 4.07 | 4.17 | 4.13 | 4.01 | 3.83 | 2.89 | 3.05 | 2.53 |
| Depreciation | 2.65 | 2.80 | 3.16 | 3.12 | 2.78 | 3.14 | 5.87 | 6.57 |
| Profit before tax | 8.28 | 7.91 | 7.94 | 10.19 | 9.27 | 13.52 | 16.00 | 13.63 |
| Tax % | 26.21% | 26.04% | 22.67% | 29.64% | 25.35% | 25.00% | 24.94% | 26.78% |
| Net Profit + | 6.12 | 5.85 | 6.13 | 7.18 | 6.92 | 10.14 | 12.00 | 9.98 |
| EPS in Rs | 2.51 | 2.40 | 2.46 | 2.89 | 2.78 | 3.04 | 3.59 | 2.99 |
Financials of Patel Retail Ltd
Profit & Loss
Annual income statement trend
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Sales + | 635 | 823 | 766 | 1,019 | 814 | 821 | 1,048 |
| Expenses + | 615 | 799 | 744 | 975 | 761 | 762 | 976 |
| Operating Profit | 20 | 25 | 22 | 43 | 54 | 58 | 72 |
| OPM % | 3% | 3% | 3% | 4% | 7% | 7% | 7% |
| Other Income + | 4 | 4 | 6 | 1 | 4 | 5 | 11 |
| Interest | 11 | 9 | 8 | 12 | 16 | 18 | 12 |
| Depreciation | 4 | 5 | 5 | 10 | 10 | 12 | 18 |
| Profit before tax | 10 | 16 | 15 | 22 | 31 | 34 | 52 |
| Tax % | 26% | 26% | 26% | 26% | 26% | 26% | 26% |
| Net Profit + | 7 | 12 | 11 | 16 | 23 | 25 | 39 |
| EPS in Rs | 25.59 | 30.19 | 29.84 | 42.99 | 9.24 | 10.16 | 11.69 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
Financials of Patel Retail Ltd
Balance Sheet
Capital structure and asset base
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 3 | 4 | 4 | 4 | 24 | 25 | 33 |
| Reserves | 26 | 41 | 52 | 68 | 70 | 110 | 330 |
| Borrowings + | 122 | 176 | 171 | 184 | 188 | 183 | 163 |
| Other Liabilities + | 20 | 26 | 47 | 47 | 51 | 66 | 93 |
| Total Liabilities | 171 | 247 | 274 | 303 | 333 | 383 | 620 |
| Fixed Assets + | 0 | 27 | 38 | 59 | 60 | 65 | 108 |
| CWIP | 0 | 26 | 27 | 2 | 4 | 0 | 1 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Other Assets + | 170 | 194 | 209 | 242 | 268 | 318 | 511 |
| Total Assets | 171 | 247 | 274 | 303 | 333 | 383 | 620 |
Financials of Patel Retail Ltd
Cash Flows
Operating, investing and financing cash movement
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Cash from Operating Activity + | 31 | -39 | 34 | -6 | 25 | 28 | -83 |
| Cash from Investing Activity + | -12 | -13 | -16 | -5 | -12 | -11 | -26 |
| Cash from Financing Activity + | -17 | 57 | -12 | -0 | -13 | -8 | 111 |
| Net Cash Flow | 2 | 4 | 5 | -10 | 0 | 9 | 2 |
| Free Cash Flow | 19 | -52 | 18 | -13 | 13 | 16 | -101 |
| CFO/OP | 168% | -136% | 168% | -3% | 61% | 61% | -94% |
Financials of Patel Retail Ltd
Ratios
Working capital efficiency and return ratios
| Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 32 | 39 | 40 | 37 | 43 | 55 | 56 |
| Inventory Days | 35 | 31 | 31 | 33 | 70 | 79 | 109 |
| Days Payable | 11 | 12 | 18 | 18 | 26 | 33 | 37 |
| Cash Conversion Cycle | 55 | 59 | 53 | 51 | 87 | 101 | 128 |
| Working Capital Days | 56 | 3 | -2 | 8 | 14 | 26 | 83 |
| ROCE % | 13% | 10% | 14% | 17% | 17% | 15% |
Guidance history
How Patel Retail Ltd's guidance has moved, call by call
| Call | Revenue | Margins | Capex | Fundraising | Order book |
|---|---|---|---|---|---|
| Q1 FY27 call → | 20–40% | Up 0–2% | Planned | — | — |
| Q4 FY26 call → | 20–40% | Flat | Planned | — | — |
| Q3 FY26 call → | 10–20% | Flat | Planned | — | Rising |
| Q2 FY26 call → | 10–20% | Flat | Planned | — | — |
What management guided on each call, newest first. Not investment advice, and not a forecast of returns.
Momentum score · price trend
70 out of 100 — Steady
Over the past year its share price has moved roughly in the middle of the stocks we track.
| Period | Share price change | Better than … of 1,910 stocks |
|---|---|---|
| Last 12 months | +8.3% | 67% |
| Last 6 months | +13.0% | 69% |
| Last 3 months | +7.2% | 75% |
How we calculate it
“Better than 30%” means that over that period the share price did better than 30 out of every 100 stocks we track (1,910 Indian companies worth ₹500 Cr or more, with at least a year of prices).
The score weighs the longer periods more: 40% × 12-month + 40% × 6-month + 20% × 3-month. For Patel Retail Ltd: 0.4 × 67 + 0.4 × 69 + 0.2 × 75 = 70.
Strengthening is 70 and above, Steady 40 to 70, Cooling below 40. Scores are recalculated every night after the market closes.
Full methodology →This describes only how the share price has moved up to 29 Oct 2026, compared with other stocks. It says nothing about the business, and it is not a prediction, a price target or a recommendation to buy or sell.
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What Patel Retail Ltd's management said in earlier quarters
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