Meesho Ltd
MEESHO NSE
Meesho Ltd
RetailNSE: MEESHO BSE: 544632 Ecommerce
Key Fundamentals
MidcapEcommerceRetailMarket Cap
₹93,888 Cr
Volatility
Moderate
P/E Ratio
-79.6
EBITDA
₹-1,626 Cr
Return on Equity
-272.68%
Debt to Equity
0.01
Book Value
₹9.5
52W High
₹254.4
52W Low
₹125.56
Insights
BetaAI-extracted from concalls & annual reports · figures as reported, with sources
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30 extracted metrics + investor summaries across FY23–FY26.
Tapetide Score
Data-driven rating, 0–100. How it works →
Technical Indicators
Key Insights
Strengths
1- Company is almost debt free.
Weaknesses
4- Stock is trading at 21.5 times its book value
- Company has low interest coverage ratio.
- Promoter holding is low: 16.4%
- Company has a low return on equity of -92.4% over last 3 years.
Growth Rate
Revenue Growth
27.53% ↗
Net Income Growth
-65.55% ↘
Cash Flow Change
144.95% ↗
ROE
1756.23% ↗
ROCE
587.81% ↗
EBITDA Margin (Avg.)
1725.00% ↗
AI Analysis — Bull vs Bear
anthropic claude-opus-4.6 6d agoAI opinion · based on fundamentals
Risk high
Meesho Ltd is a recently listed e-commerce platform with a market cap of approximately ₹90,283 crore, trading at a negative P/E of -75.7x indicating ongoing losses, while demonstrating strong TTM revenue growth of 34%. The company is nearly debt-free but carries a deeply negative 3-year average ROE of -92% and trades at 20.73x book value.
Bull Case 7
- TTM revenue growth of 34% demonstrates strong top-line momentum in a competitive e-commerce market
- Company is almost debt-free, providing financial flexibility to fund growth without leverage risk
- 3-year compounded sales growth of 30% indicates sustained demand and scaling ability
- TTM compounded profit growth of 75% suggests the company is rapidly narrowing losses and moving toward profitability
- Market cap of ₹90,283 crore reflects significant investor confidence in the long-term addressable market for social commerce in India
- Zero dividend yield is consistent with a high-growth reinvestment phase where capital is being deployed for expansion rather than payouts
- Last year ROE improved to -42% from a 3-year average of -92%, indicating a meaningful trajectory of loss reduction
Bear Case 8
- Negative P/E of -75.7x confirms the company is still loss-making with no near-term earnings visibility
- 3-year average ROE of -92% reflects deep and sustained destruction of shareholder equity
- Stock trades at 20.73x book value, an extremely elevated valuation for a company yet to turn profitable
- Promoter holding at just 16.4% is notably low, raising concerns about alignment of interests and potential dilution risk
- Low interest coverage ratio indicates that even minimal debt servicing is a strain on current operating earnings
- Zero dividend yield with no profitability timeline means investors rely entirely on capital appreciation with no income cushion
- 3-year compounded profit growth of only 8% despite 30% sales growth suggests margin compression or rising costs that offset revenue gains
- Absence of reported EPS, ROCE, and debt-to-equity figures limits transparency and makes fundamental valuation highly uncertain
This is AI-generated analysis, not financial advice. Do your own due diligence.
AI News Digest
anthropic claude-opus-4.6 14h ago Neutral 3
- First BRSR filed for FY26 Aug 24
Meesho filed its inaugural Business Responsibility and Sustainability Report for FY26, reporting turnover of ₹63,809.23 million, 1,602 employees, and zero safety incidents.
- 11th AGM set for Sep 18 Aug 24
Meesho scheduled its 11th Annual General Meeting for September 18, 2026 via VC/OAVM, with remote e-voting open from September 13 to 17.
- Investor meet on Aug 17-18 Aug 12
Meesho announced in-person meetings with institutional investors and analysts on August 17 and 18, 2026 under SEBI Listing Regulations.
TL;DR: All recent news for Meesho is procedural and compliance-related, with no material positive or negative catalysts. The company reported ₹63.8 billion turnover in FY26 and maintains clean safety and governance records. Active investor engagement signals transparency, but the lack of business updates or growth catalysts leaves the near-term outlook data-dependent on upcoming AGM disclosures.
Quarterly Results
| Dec 2024 | Mar 2025 | Jun 2025 | Sep 2025 | Dec 2025 | Mar 2026 | Jun 2026 | |
|---|---|---|---|---|---|---|---|
| Sales | 2,679 | 2,400 | 2,504 | 3,074 | 3,518 | 3,531 | 3,713 |
| Expenses | 2,809 | 2,631 | 2,768 | 3,530 | 4,056 | 3,786 | 3,937 |
| Operating Profit | -131 | -231 | -264 | -456 | -539 | -255 | -225 |
| OPM % | -4.9% | -10% | -11% | -15% | -15% | -7% | -6% |
| Other Income | 160 | -1,158 | 34 | 136 | 75 | 116 | 114 |
| Interest | 2 | 1 | 1 | 1 | 4 | 2 | 2 |
| Depreciation | 12 | 5 | 8 | 9 | 11 | 19 | 20 |
| PBT | 15 | -1,395 | -240 | -330 | -479 | -160 | -133 |
| Tax % | 342% | 0% | 21% | 24% | 3% | 4% | 0% |
| Net Profit | -37 | -1,391 | -289 | -411 | -491 | -166 | -133 |
| EPS in Rs | -4.44 | -160 | -1.49 | -2.11 | -1.09 | -0.36 | -0.29 |
Profit & Loss
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|
| Sales | 5,735 | 7,615 | 9,390 | 12,626 | 13,835 |
| Expenses | 7,533 | 8,109 | 9,968 | 14,111 | 15,310 |
| Operating Profit | -1,799 | -494 | -578 | -1,485 | -1,475 |
| OPM % | -31% | -6% | -6% | -12% | -11% |
| Other Income | 155 | 231 | -835 | 332 | 441 |
| Interest | 1 | 6 | 7 | 9 | 10 |
| Depreciation | 30 | 58 | 34 | 47 | 58 |
| PBT | -1,675 | -328 | -1,455 | -1,209 | -1,102 |
| Tax % | 0% | 0% | 171% | 12% | — |
| Net Profit | -1,675 | -328 | -3,942 | -1,358 | -1,201 |
| EPS in Rs | -214 | -41.82 | -453 | -2.97 | -3.85 |
| Div. Payout % | 0% | 0% | 0% | 0% | — |
Balance Sheet
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Equity Capital | 8 | 0 | 0.27 | 456 |
| Reserves | 2,169 | 2,230 | 1,445 | 3,930 |
| Borrowings | 0 | 72 | 58 | 63 |
| Other Liabilities | 1,376 | 1,859 | 5,722 | 3,458 |
| Total Liabilities | 3,553 | 4,161 | 7,226 | 7,907 |
| Fixed Assets | 56 | 112 | 96 | 195 |
| CWIP | 2 | 0 | 0 | 0 |
| Investments | 2,053 | 744 | 4,983 | 1,210 |
| Other Assets | 1,442 | 3,305 | 2,147 | 6,502 |
| Total Assets | 3,553 | 4,161 | 7,226 | 7,907 |
Cash Flow
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Operating | -2,303 | 220 | 539 | -3,875 |
| Investing | -1,289 | -165 | -2,638 | 247 |
| Financing | 3,263 | -11 | 2,105 | 4,101 |
| Net Cash Flow | -328 | 44 | 7 | 473 |
| Free Cash Flow | -2,303 | 186 | 516 | -3,976 |
| CFO/OP | 128 | -47 | -100 | 261 |
Ratios
| Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|
| Debtor Days | 0 | 0 | 0 | 0 |
| Cash Conversion Cycle | 0 | 0 | 0 | 0 |
| Working Capital Days | -59 | 20 | -167 | 1 |
| ROCE % | — | -15% | -9% | -36% |
Documents
1
Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
8 May - Meesho to hold a non-deal roadshow group meeting in Singapore on May 13, 2026. 8 May - Meesho to hold a non-deal roadshow group meeting in Singapore on May 13, 2026.
2
Announcement under Regulation 30 (LODR)-Updates on Acquisition
9 May - Meesho invested Rs 99.9999681 crore in MPPL via rights issue on May 8, 2026. 9 May - Meesho invested Rs 99.9999681 crore in MPPL via rights issue on May 8, 2026.
4
Shareholders Letter For The Q4 And Year Ended March 31 2026
10h - Meesho shares Q4/FY26 results: 264 million transacting users, ₹41,560 crore NMV, ₹6,750 crore cash. 10h - Meesho shares Q4/FY26 results: 264 million transacting users, ₹41,560 crore NMV, ₹6,750 crore cash.
5
Announcement under Regulation 30 (LODR)-Acquisition
1d - Board approved FY26 audited results and up to Rs100 crore investment in MPPL by July 30, 2026. 1d - Board approved FY26 audited results and up to Rs100 crore investment in MPPL by July 30, 2026.
Frequently Asked Questions about Meesho Ltd
What does Meesho Ltd do?
The Company is an app-based marketplace that is operated under the brand of Meesho that connects sellers and end consumers. Its offerings span categories including fashion, accessories, electronics, home and kitchen items, health, and fitness equipment, and office supplies.[1]
Where is Meesho Ltd (MEESHO) listed?
Meesho Ltd is listed on the Indian stock exchanges. It is listed on NSE: MEESHO and BSE: 544632. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Meesho Ltd belong to?
Meesho Ltd operates in the Retail sector within the Ecommerce industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Meesho Ltd?
Meesho Ltd has a market capitalisation of approximately ₹93888.12 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Meesho Ltd?
The Price-to-Earnings (PE) ratio of Meesho Ltd is -79.60. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Meesho Ltd?
Over the past 52 weeks, Meesho Ltd has traded between a low of ₹125.56 and a high of ₹254.4. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Meesho Ltd?
Meesho Ltd has a Return on Equity (ROE) of -272.68%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Meesho Ltd on Tapetide?
On Tapetide, you can view Meesho Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.
Company Information
The Company is an app-based marketplace that is operated under the brand of Meesho that connects sellers and end consumers. Its offerings span categories including fashion, accessories, electronics, home and kitchen items, health, and fitness equipment, and office supplies.[1]