Meesho share price
NSE: MEESHOBSE: 544632RetailingMid Cap
Meesho Limited · Face value ₹1 Face value. The nominal value of one share as the company issued it, the unit its share capital is counted in and a dividend can be stated as a percentage of; it has no link to the share price. Face value in the glossary · Listed Dec 2025 · Issue price ₹111
Last close ₹223.58up ₹8.74 (4.07%)BSE ₹223.65
Share price at the NSE close on 27 Oct 2026. Previous close ₹214.84.
27 Oct: open ₹215.80, high ₹226.36, low ₹215.66
Range of traded prices from listing on 10 Dec 2025 to 27 Oct 2026
₹125.56Low, 16 Mar 2026₹254.40High, 18 Dec 2025
- Next results date: the board meets on 28 Oct 2026 to consider: financial results. The notice · Results calendar
- Market capMarket capitalisation. Share price times the number of shares: what the whole company is worth at the day's price. The rank is by average market value over the six months to Jun 2026, among listed companies. Market capitalisation: how it is worked out
- ₹1,03,484 Cr139th largest listed
- P/EPrice to earnings, trailing. Market cap divided by the profit of the last twelve months (the latest four quarters, or two half years for a company that reports half-yearly) that belongs to the company's own shareholders, after the share of the other owners of its subsidiaries: what investors pay for each rupee of a year's profit. Price to earnings, trailing: how it is worked out
- No full year
- P/BPrice to book. Market cap divided by the net worth that belongs to the company's own shareholders, its assets less everything it owes and less the other owners' share of its subsidiaries, on its latest balance sheet. Price to book: how it is worked out
- 23.59
- Dividend yieldDividend yield. Dividends paid per share in the twelve months to the day, as a percentage of the day's share price.
- Nonesince listing in Dec 2025
- Debt to equityDebt to equity. Borrowings divided by the whole group's net worth, the other owners of its subsidiaries included: rupees borrowed for each rupee of equity in the business. Lease liabilities are not counted: the results filings do not state them. From the balance sheet at the end of Mar 2026.
- 0.00
- Volume, NSEVolume. Shares traded on the last trading day; delivery is the part buyers kept rather than sold again the same day. Volume in the glossary
- 1,10,45,15339.7% delivered
About Meesho
Meesho Limited, through its subsidiaries, runs Meesho, an online marketplace where independent sellers list and sell products across a wide range of categories to consumers in India.12 It charges sellers no commission and consumers no platform fee, and earns from services it sells to sellers, from order fulfilment to advertising.3 Many of its buyers are in smaller cities and towns, shopping for affordable fashion, home and lifestyle products.2
It reports its results in Marketplace, the platform itself, and New Initiatives, which covers a low-cost local delivery network for daily essentials, digital financial services and AI services.4 Orders are delivered either through Valmo, its own technology platform that spreads shipments across many logistics partners, or directly by end-to-end logistics companies.5 Its wholly owned subsidiary Meesho Technologies Private Limited runs the marketplace, and its subsidiary Meesho Payments Private Limited arranges loans from non-banking finance companies to sellers and consumers on the platform.1
It was incorporated in 2015 and is based in Bengaluru.6 Under a scheme sanctioned by the National Company Law Tribunal in May 2025, its holding company Meesho Inc. was merged into it, and its e-commerce and grocery businesses were moved into subsidiaries.7 Its shares were listed on BSE and the National Stock Exchange on 10 Dec 2025.7
Its promoters are Vidit Aatrey, Chairman, Managing Director and Chief Executive Officer, and Sanjeev Kumar, Whole-Time Director and Chief Technology Officer; the promoter group held 16.57% of the shares on 31 Mar 2026.89
Meesho key points
Results
- In the quarter to Jun 2026, marketplace revenue from operations was ₹3,707 crore, up 48% on a year earlier. Net merchandise value (delivered orders, net of cancellations and returns) rose 34% to ₹11,614 crore, and orders rose 29% to 725 million.1011
- The consolidated loss for the quarter to Jun 2026 narrowed to ₹132.8 crore from ₹289.4 crore a year earlier. Adjusted EBITDA (operating profit before interest, tax, depreciation and amortisation, as the company adjusts it) was a loss of ₹178.2 crore, against ₹167.5 crore.12
- In the year to Mar 2026, consolidated revenue from operations rose 34.5% to ₹126,263.48 million. The loss narrowed 65.6% to ₹13,577.38 million from ₹39,417.05 million, mainly because the previous year carried one-time costs of the corporate reorganisation.1314
- Net merchandise value for the year to Mar 2026 grew 38.6% to ₹41,560 crore and placed orders 45% to 2,668 million.1516
Cash and margins
- Marketplace contribution margin (what is left of a sale after order costs such as delivery) was 4.6% of net merchandise value in the quarter to Jun 2026; the cash balance was ₹6,521 crore.1718
- Free cash flow (cash generated after funding investments) was negative ₹537 crore for the year to Jun 2026, and negative ₹633 crore for the year to Mar 2026, against positive ₹591 crore a year earlier.1920
Business segments
- Consolidated segment revenue (₹ million)21
Item year to Mar 2026 year to Mar 2025 Marketplace 126,141.81 93,858.74 New Initiatives 121.67 40.29 - In the quarter to Jun 2026, net merchandise value grew about 93% on Meesho Mall, its section for over 1,200 brands, and 141% in Content Commerce, where creators' videos lead shoppers to products.22
Users and sellers
- Annual transacting users (customers who ordered in the past year) reached 274 million in the year to Jun 2026, up 29%, ordering 10.3 times a year on average.11
- Annual transacting sellers (sellers who sold in the past year) rose 81% to 1.04 million in the year to Jun 2026; 45% are from Tier 2 towns and smaller places.2324
Logistics network
- In the year to Mar 2026, Valmo delivered over 1,337 million orders through 17,999 logistics partners and 1,19,860 delivery agents.25
- On its earnings call of 23 Jul 2026, the company said Valmo carried about 50% of volume in the quarter to Jun 2026; the lowest-cost provider on a route gets a large share of that route.26
- Its wholly owned subsidiary Valmo Transportation Private Limited buys middle-mile and last-mile delivery from third-party logistics vendors on the platform, after a reorganisation effective 13 Apr 2026.2728
What the company expects
- On its earnings call of 23 Jul 2026, the company said its long-term growth guidance is 25% compound annual growth over the next 5 years, higher in the early years and lower later.29
- On its earnings call of 23 Jul 2026, the company said its annual budget cap for new initiatives is about ₹200 crore in terms of EBITDA; their adjusted EBITDA loss was ₹39 crore in the quarter to Jun 2026.3031
- In its presentation of 23 Jul 2026, the company said it would step up new-user acquisition from the quarter to September, and that moving its main sale to the quarter to December would make year-on-year comparisons look softer than the underlying trend, then better.32
Recent events
- The Mega Blockbuster Sale opened on 10 Oct 2026; the company said Day 1 orders grew about 75% on a year earlier, peaking at over 75,000 a minute.33
- On 6 Oct 2026, the board approved investing up to ₹50 crore in Retail Pulse Labs, Kirana Club's subsidiary, once the first tranche of that purchase closes; no tranche had closed by then.34
- On 12 Jun 2026, the board approved buying 100% of Kirana Club, a B2B (business-to-business) platform where kirana (neighbourhood grocery) stores order FMCG (packaged consumer goods), and 0.41% of its subsidiary Retail Pulse Labs, for ₹2,02,08,52,202.40 in 3 tranches by 31 Mar 2027.353637
Litigation and regulatory matters
- As of its annual report of 2 Sep 2026, Meesho Limited (standalone) was contesting an income tax demand of ₹14,997.38 million for the year to Mar 2023, appealing before the National Faceless Appeal Centre.3839
- A ₹5,720.69 million demand for the year to Mar 2022 was stayed by the Karnataka High Court on 25 Apr 2025 until the next hearing; the company's documents give no later outcome.3839
- On 24 Apr 2026, the Commissioner (Appeals) upheld a GST demand of ₹142.91 million for Oct 2018 to Mar 2020 and set aside the penalty; as of its annual report, the company planned to appeal to the GST Appellate Tribunal.3938
- Under the demerger, outcomes of these cases relating to the e-commerce business are borne by the subsidiary that runs the marketplace.40
Last updated
All 40 sources, each with its page
- 1. Annual report, 2 Sep 2026, page 22
- 2. Annual report, 2 Sep 2026, page 53
- 3. Annual report, 2 Sep 2026, page 4
- 4. Annual report, 2 Sep 2026, page 113
- 5. Annual report, 2 Sep 2026, page 6
- 6. Annual report, 2 Sep 2026, page 1
- 7. Annual report, 2 Sep 2026, page 32
- 8. Annual report, 2 Sep 2026, page 15
- 9. Annual report, 2 Sep 2026, page 49
- 10. Investor presentation, 23 Jul 2026, page 6
- 11. Investor presentation, 23 Jul 2026, page 4
- 12. Investor presentation, 23 Jul 2026, page 10
- 13. Annual report, 2 Sep 2026, page 21
- 14. Annual report, 2 Sep 2026, page 82
- 15. Annual report, 2 Sep 2026, page 10
- 16. Annual report, 2 Sep 2026, page 12
- 17. Investor presentation, 23 Jul 2026, page 6
- 18. Investor presentation, 23 Jul 2026, page 4
- 19. Investor presentation, 23 Jul 2026, page 8
- 20. Annual report, 2 Sep 2026, page 14
- 21. Annual report, 2 Sep 2026, page 113
- 22. Investor presentation, 23 Jul 2026, page 5
- 23. Investor presentation, 23 Jul 2026, page 4
- 24. Investor presentation, 23 Jul 2026, page 9
- 25. Annual report, 2 Sep 2026, page 58
- 26. Earnings call, 23 Jul 2026, page 13
- 27. Investor presentation, 23 Jul 2026, page 6
- 28. Annual report, 2 Sep 2026, page 23
- 29. Earnings call, 23 Jul 2026, page 16
- 30. Earnings call, 23 Jul 2026, page 12
- 31. Investor presentation, 23 Jul 2026, page 8
- 32. Investor presentation, 23 Jul 2026, page 9
- 33. Exchange filing, 12 Oct 2026, page 2
- 34. Exchange filing, 6 Oct 2026, page 1
- 35. Exchange filing, 12 Jun 2026, page 1
- 36. Exchange filing, 12 Jun 2026, page 2
- 37. Exchange filing, 12 Jun 2026, page 2
- 38. Annual report, 2 Sep 2026, page 127
- 39. Annual report, 2 Sep 2026, page 155
- 40. Annual report, 2 Sep 2026, page 155
Results
Consolidated; ₹ crore.Meesho quarterly results
Quarter to Jun 2026, against the quarter before
- RevenueRevenue. The pill is the change in revenue against the quarter before: this period's figure divided by that one's, less one, in per cent.
- ₹3,713 Crup 5.14%
- Net profitNet profit. Under it, net profit in the quarter before. A change in per cent is not worked out where either period is a loss or nothing. Net profit in the glossary
- −₹133 CrQuarter to Mar 2026: −₹166 Cr
- Net marginNet margin. Net profit as a percentage of revenue: how much of each rupee of sales is left after every cost, interest and tax. Net margin in the glossary
- −3.6%
Revenue by quarter
Peak revenue ₹3,713 Cr, quarter to Jun 2026; lowest ₹3,518 Cr, quarter to Dec 2025
Net profit by quarter, a loss in red
- Net profit
- Loss
A loss in 3 of the 3 quarters shown
| ₹ crore | Dec 2025 | Mar 2026 | Jun 2026 |
|---|---|---|---|
| Revenue | 3,518 | 3,531 | 3,713 |
| Net profit | −491 | −166 | −133 |
| Net margin | −13.9% | −4.7% | −3.6% |
Consolidated. The 3 quarters from Dec 2025, the first on record. The latest is shaded. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Year to Mar 2026
- Revenue
- ₹12,626 Cr
- Net profit
- −₹1,358 Cr
- Net margin
- −10.8%
| ₹ crore | Mar 2026 |
|---|---|
| Revenue | 12,626 |
| Net profit | −1,358 |
| Net margin | −10.8% |
Consolidated. Years to March. Net profit is the whole group's, the other owners of its subsidiaries included; P/E and ROE use the company's own share.
Business segments
Share of revenue, year to Mar 2026, consolidated.Segment revenue and profit
- MarketplaceMarketplace, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹12,614 Cr99.9%
- New InitiativesNew Initiatives, share of revenue. The segment's revenue as a percentage of the revenue of all the company's reported business segments together, leaving out eliminations between them and unallocated items.₹12 Cr0.1%
Mutual fund holdings
178 funds disclosed a holding for Sep 2026. What they did in Sep 2026, against each fund's month before. 31 of the 65 funds that added or cut are index funds, ETFs or arbitrage funds: an index fund or ETF holds what its index holds, and an arbitrage fund holds the share against a sale of its future.All 178 funds holding Meesho
- Bought for the first timeBought for the first time. Funds that held it at the month's end and had not held it in any month on record before.
- 51
- Bought againBought again. Funds that held it at the month's end, had not held it the month before, and held it in an earlier month.
- 7
- AddedAdded. Funds that held more shares than at the end of the month before.
- 43
- CutCut. Funds that held fewer shares than at the end of the month before.
- 22
- Held unchangedHeld unchanged. Funds that held the same number of shares as at the end of the month before.
- 55
- Sold outSold out. Funds that held it at the end of the month before and hold none at this month's end. Sold out in the glossary
- 23
| Fund | |||
|---|---|---|---|
 SBI Focused FundSBI Mutual Fund | 5,80,49,785 | 2.63% | ₹1,322.1 Cr |
 Invesco India Mid Cap FundInvesco Mutual Fund | 3,74,75,229 | 5.42% | ₹853.5 Cr |
 HSBC Midcap FundHSBC Mutual Fund | 3,71,91,986 | 5.04% | ₹847.0 Cr |
| SBI Aggressive Hybrid FundSBI Mutual Fund | 3,54,03,347 | 0.94% | ₹806.3 Cr |
 Motilal Oswal Large and Midcap FundMotilal Oswal Mutual Fund | 2,71,08,777 | 3.11% | ₹617.4 Cr |
 Nippon India Large Cap FundNippon India Mutual Fund | 2,16,60,932 | 0.96% | ₹493.3 Cr |
 Aditya Birla Sun Life Flexi Cap FundAditya Birla Sun Life Mutual Fund | 1,77,00,000 | 1.44% | ₹403.1 Cr |
| Invesco India Contra FundInvesco Mutual Fund | 1,67,17,911 | 1.98% | ₹380.8 Cr |
| Aditya Birla Sun Life Large Cap FundAditya Birla Sun Life Mutual Fund | 1,55,00,000 | 1.26% | ₹353.0 Cr |
| Invesco India Small Cap FundInvesco Mutual Fund | 1,37,27,833 | 1.94% | ₹312.7 Cr |
Portfolios disclosed for Sep 2026. Weight is the holding as a share of the fund's assets.
Promoter and insider buying and selling
Trades made since 28 Oct 2025.Meesho insider trading
No promoter, director, key manager or employee bought or sold on the market.
- Others: no market trade · 168 pledge filings of unclear kind
Bought and sold count trades on the market only. A pledge is shares given to a lender as security for a loan; a lender invokes it by selling them.
Meesho competitors and peers
E-Retail/ E-Commerce, 20 listed companies, priced on 27 Oct 2026. The table lists the 8 companies closest to Meesho in market cap.Consumer services companies
Meesho is not on the chart: it has no P/E or return on equity today
| Company | ||||||||
|---|---|---|---|---|---|---|---|---|
 EternalETERNAL | 3,19,427 | 647.92 | 10.21 | +143.7% | +162.2% | 1.6% | 0.4% | 0.00% |
 FSN E-Commerce VenturesNYKAA | 97,214 | 379.55 | 67.60 | +27.4% | +221.1% | 18.7% | 22.9% | 0.00% |
 SwiggySWIGGY | 52,156 | – | 3.07 | +42.2% | – | −26.7% | −24.3% | 0.00% |
 Urban CompanyURBANCO | 22,155 | – | 11.19 | – | – | −21.5% | −24.7% | 0.00% |
 Cartrade TechCARTRADE | 13,715 | 59.28 | 5.52 | +20.0% | +49.0% | 9.8% | 9.0% | 0.00% |
 Brainbees SolutionsFIRSTCRY | 8,593 | – | 1.78 | +11.7% | – | −2.6% | −1.9% | 0.00% |
 RattanIndia EnterprisesRTNINDIA | 3,270 | – | 4.26 | +2.1% | – | −77.3% | −36.4% | 0.00% |
 AceVectorACEVECTOR | 1,112 | – | 3.48 | – | – | – | – | 0.00% |
Market cap in ₹ crore. Growth is the last twelve months against the twelve before. A figure is left empty where it would rest on a loss or the company has under a year of results on record. ROE is the shareholders' profit over their net worth. ROCE is profit before interest and tax over the whole group's net worth plus borrowings, as in the figures at the top of the page.
Latest announcements
Routine notices left out.Meesho announcements
Oct 2026
21 Oct · Analysts
20 Oct · Disclosure
15 Oct · Management
15 Oct · Management
14 Oct · Board meeting
Meesho share price by year
Each calendar year to 2025.Meesho share price history
| Year | Close at year end | Change | Highest close | Lowest close |
|---|---|---|---|---|
| 2025 | 180.22 | – | 235.57 | 165.11 |
₹ per share, adjusted for splits and bonuses since. Change is on the close at the end of the year before. 2025 is from its first session, 10 Dec 2025.
Recent sessions
The 9 trading days to 26 Oct 2026, as traded on NSE; the latest is at the top of the page.
| Date | Open | High | Low | Close | Average price | Volume | Delivery |
|---|---|---|---|---|---|---|---|
| 26 Oct 2026 | 213.00 | 215.99 | 209.60 | 214.84 | 213.46 | 55,77,517 | 37.0% |
| 23 Oct 2026 | 218.00 | 218.06 | 208.20 | 214.90 | 213.00 | 1,54,84,976 | 40.6% |
| 22 Oct 2026 | 218.90 | 222.03 | 213.10 | 219.25 | 218.30 | 1,18,78,182 | 38.3% |
| 21 Oct 2026 | 229.50 | 230.09 | 212.66 | 217.12 | 216.96 | 2,64,30,153 | 51.6% |
| 19 Oct 2026 | 227.20 | 230.30 | 224.73 | 229.59 | 228.20 | 69,64,195 | 45.0% |
| 16 Oct 2026 | 225.00 | 227.99 | 222.25 | 227.20 | 225.39 | 1,26,12,637 | 51.4% |
| 15 Oct 2026 | 227.50 | 228.75 | 222.22 | 223.80 | 225.67 | 1,06,21,964 | 32.6% |
| 14 Oct 2026 | 231.25 | 234.75 | 226.01 | 228.35 | 229.60 | 8,72,19,086 | 61.9% |
| 13 Oct 2026 | 231.70 | 242.88 | 231.70 | 240.67 | 239.60 | 1,96,19,473 | 28.2% |
Prices in ₹ per share as traded, not adjusted.
Company details
- NSE symbol
- MEESHO
- BSE code
- 544632
- ISIN
- INE0VDM01015
- Industry
- Retailing
- Website
- www.meesho.com
- CIN
- L74900KA2015PLC082263
- Corporate identity number, the registrar of companies' code for it
- Incorporated
- 2015
- Registered office
- Wing - E, Helios Business Park, 3rd Floor, Outer Ring Road, Kadubeesanahalli Village, Varthur Hobli, Bengaluru 560103, Karnataka
- Share registrar
- KFin Technologies Ltd
- Keeps the register of shareholders and handles transfers and dividend payments
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