About Patel Retail Limited
Incorporated in 2008, Patel Retail Limited is a retail supermarket chain primarily operating in tier-III cities and suburban areas of Maharashtra and Gujarat. The company runs its stores under the brand name “Patel’s R Mart” and as of May 31, 2025, operates 43 outlets with a total retail space of around 1,78,946 sq. ft.
The product portfolio includes food, FMCG, apparel, and general merchandise. Patel Retail has also strengthened its brand through private labels like Patel Fresh (pulses and ready-to-cook items), Indian Chaska (spices, ghee, papad), Blue Nation (men’s wear), and Patel Essentials (home improvement products).
The company operates three major manufacturing and processing facilities across Maharashtra and Gujarat, including an integrated agri-processing cluster with fruit pulp units, cold storage, warehouses, and testing laboratories. Patel Retail follows a neighbourhood supermarket model with a focus on affordability, availability, and customer-centric service.
Why To Invest in Patel Retail Limited
Expansion in Tier-III Cities: Strong presence in semi-urban and rural belts where organized retail penetration remains low, offering long-term growth opportunities.
Private Label Growth: Launch of in-house brands ensures better margins and stronger brand loyalty.
Backward Integration: State-of-the-art Kutch facilities help control quality, reduce supply chain costs, and support long-term scalability.
Strong Financial Growth: Profit After Tax (PAT) increased 12% YoY in FY25, supported by improved EBITDA margins (7.61%).
Balanced Capital Use: IPO proceeds will be used for debt reduction (Rs. 59 Cr), working capital (Rs. 115 Cr), and general corporate purposes, which strengthens the balance sheet.
Attractive Market Size: With organized retail still at a developing stage in India’s smaller towns, Patel Retail is positioned well to capture rising consumer demand.
| Period Ended | 31 Mar 2025 | 31 Mar 2024 | 31 Mar 2023 |
|---|---|---|---|
| Assets | 382.86 | 333.02 | 303.12 |
| Total Income | 825.99 | 817.71 | 1,019.80 |
| Profit After Tax | 25.28 | 22.53 | 16.38 |
| EBITDA | 62.43 | 55.84 | 43.24 |
| Net Worth | 134.57 | 94.40 | 71.87 |
| Total Borrowing | 180.54 | 185.75 | 182.81 |
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