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India's value-e-commerce marketplace connecting small sellers and logistics partners with shoppers in smaller cities and towns.
India's value-e-commerce marketplace connecting small sellers and logistics partners with shoppers in smaller cities and towns.
Charges sellers no sales commission, so it earns mainly from delivery fees on orders shipped through partner couriers and from sellers paying to promote their listings in the app. Because most items are low-priced, the delivery cost per parcel decides whether an order makes money. It holds no inventory; sellers ship the goods.
In one line: An India-focused, asset-light Shein/Temu-style marketplace.
Moat: narrow (network effects, scale, distribution). Large seller/buyer network in price-sensitive smaller cities, though the model doesn't own inventory or logistics.
Headquarters: Bengaluru, India · Founded: 2015 · Employees: 2,078
Size Meesho (MEESHO.NS) is an India Consumer Discretionary company (Apparel/Footwear Retail) with a market value of $11.4B, the 106th largest of 1,058 India companies the cockpit tracks. Shares closed at ₹233.48 on 6 Nov 2026.
Performance Over six months the shares gained 17.4%, against +10.6% for the median peer and 0.0% for the India market (cap-weighted) — 8th highest of 17 in its peer set.
Growth Revenue grew 34.5% over the last twelve months (peer median +10.6%); the operating margin is -8.8% (peer median 10.3%).
Valuation It trades at 7.1× enterprise value to sales against a peer median of 1.6× (2nd most expensive of 17).
Capital Return on invested capital runs 96.9 points below its cost of capital (18.6% WACC).
Next results Next results expected around 3 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | ₹149B | ₹126B | ₹93.9B | ₹76.2B | ₹57.3B |
| Revenue growth | — | +34% | +23% | +33% | — |
| Gross profit | -₹13.2B | ₹115B | ₹84.0B | ₹67.2B | ₹48.9B |
| EBITDA | -₹12.5B | -₹14.9B | -₹5.78B | -₹4.94B | -₹18.0B |
| Net income | -₹9.22B | -₹13.6B | -₹39.4B | -₹3.28B | -₹16.7B |
| Free cash flow | n/a | -₹38.1B | ₹8.21B | ₹2.39B | -₹22.6B |
| Capital expenditure | n/a | ₹1.01B | ₹229M | ₹352M | ₹380M |
| Total debt | ₹488M | ₹626M | ₹583M | ₹723M | ₹117M |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g |
|---|---|---|---|---|---|---|
| Meesho MEESHO.NS | $11.4B | +17% | +34% | -9% | 7.1× | n/a |
| Amazon AMZN | $2.80T | -5% | +15% | 13% | 3.7× | n/a |
| Vishal Mega Mart VMM.NS | $4.67B | -25% | +18% | 9% | 3.2× | 32.3% |
| V-Mart Retail VMART.NS | $636M | +14% | +18% | 6% | 1.7× | 36.5% |
| Trent TRENT.NS | $17.4B | +8% | +18% | 12% | 7.5× | 60.1% |
| FSN E-Commerce Ventures NYKAA.NS | $10.7B | +31% | +28% | 5% | 9.0× | n/a |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | MEESHO.NS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.3% | +8.8% | 4th lowest of 17 |
| 6-month return | +17.4% | +10.6% | 8th highest of 17 |
| Distance from 52-week high | -8.2% | -11.3% | 6th highest of 17 |
| Revenue growth (TTM) | +34.5% | +10.6% | 2nd highest of 17 |
| Operating margin | -8.8% | 10.3% | lowest of 17 |
| EV / Sales | 7.1× | 1.6× | 2nd most expensive of 17 |
| ROIC minus cost of capital | -96.9 pp | +3.9 pp | lowest of 17 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Meesho MEESHO.NS | India | $11.4B | +17% | +34% | -9% | 7.1× | n/a | n/a |
| Aritzia ATZ.TO | Canada | $12.5B | +9% | +40% | 16% | 4.2× | 22.0% | +34.0% |
| Lpp LPP.WA | Poland | $13.0B | +36% | +15% | 13% | 2.3× | 17.5% | +24.1% |
| Victoria's Secret & VSXY | United States | $8.62B | +125% | +10% | 8% | 1.6× | 20.0% | +3.9% |
| Burlington Stores BURL | United States | $15.5B | -19% | +11% | 8% | 1.7× | 18.2% | +14.9% |
| Allegro.eu ALE.WA | Poland | $15.5B | +97% | +8% | 20% | 5.2× | 22.1% | +23.4% |
| Trent TRENT.NS | India | $17.4B | +8% | +18% | 12% | 7.5× | 60.1% | +50.6% |
| Gap GAP | United States | $7.55B | -8% | +1% | 11% | 0.7× | -2.3% | +2.2% |
| Urban Outfitters URBN | United States | $7.26B | +18% | +11% | 10% | 1.2× | 6.9% | +12.3% |
| Abercrombie & Fitch ANF | United States | $6.35B | +57% | +5% | 14% | 1.3× | -2.7% | +11.0% |
| JD Sports Fashion JD..L | United Kingdom | $6.03B | +37% | +2% | 7% | 0.6× | 1.4% | +15.5% |
| Tapestry TPR | United States | $26.4B | 0% | +14% | 24% | 3.6× | 9.0% | +6.9% |
| SHIMAMURA 8227.T | Japan | $4.69B | +2% | +5% | 9% | 0.7× | -9.9% | +5.2% |
| Vishal Mega Mart VMM.NS | India | $4.67B | -25% | +18% | 9% | 3.2× | 32.3% | +19.4% |
| H&M Hennes & Mauritz HM-B.ST | Sweden | $29.1B | +12% | -4% | 9% | 1.5× | 4.5% | +4.1% |
| Boot Barn BOOT | United States | $3.92B | -20% | +17% | 14% | 1.9× | 14.3% | +20.3% |
| American Eagle Outfitters AEO | United States | $3.34B | +19% | +8% | 9% | 0.9× | 0.9% | +8.1% |