Company Overview

WomanCart Ltd, incorporated in 2018, operates in the business of women's clothing, jewellery, makeup, and accessories. The company functions as a digital consumer-centric retail platform offering a wide range of classic and emerging branded beauty and wellness products for skin care, body care, hair care, and fragrance for both men and women. It also features lifestyle brands, including makeup, imitation jewellery, and lingerie. Beyond its digital presence, the company also runs brick-and-mortar stores to allow customers to interact with the brand.

The company has established a significant operational footprint with 12,000+ SKUs, 9+ Stores & Warehouses, and 7+ Own Brands. WomanCart was originally incorporated as a private limited company on July 4, 2018, and subsequently converted into a Public Limited Company with the name changed to 'Womancart Limited' pursuant to a fresh Certificate of Incorporation dated May 31, 2023.

Stock Market Performance

WomanCart Ltd has a market capitalisation of ₹136 Cr as of recent trading data. The company went public through an IPO that opened on October 16, 2023, and closed on October 18, 2023, with an IPO lot size of 1,600 shares and minimum amount required of ₹1,37,600. The IPO was subscribed 60.94 times, demonstrating strong investor interest.

The stock has shown significant volatility since listing, with a 52-week high of ₹437.15 and 52-week low of ₹114.95. The stock has delivered returns of 76.39% in the last 1 year, reflecting its growth trajectory in the digital retail space.

Financial Performance

Recent Financial Results

For FY25, WomanCart reported audited results with profit of ₹452.82 lakhs and revenue of ₹5,911 lakhs. The company's revenue stands at ₹59.1 Cr with profit of ₹7.18 Cr, while on a trailing twelve-month basis, the company has an operating revenue of ₹71.49 Cr.

Key Financial Metrics

• Annual Revenue Growth: 208% is outstanding

• Pre-tax Margin: 12% is healthy

• ROE (Return on Equity): 17% is exceptional

• Debt to Equity Ratio: 2%, which signals a healthy balance sheet

• TTM Profit After Tax: ₹3 Cr

Valuation Metrics

• P/E Ratio: 25.39

• P/B Ratio: 11.02

• Total Asset Value: ₹26 Cr as on March 31, 2024

Management and Shareholding

The promoters of WomanCart Ltd are Veena Pahwa and Madhu Sudan Pahwa, who collectively own 36.98% of the total equity. The chairman of the company is Madhu Sudan Pahwa. Recent data shows that promoter holding stands at 41.2%, and promoter holding has increased by 1.18% over the last quarter. Importantly, there is no promoter pledging in WomanCart Ltd.

Business Expansion and Recent Developments

WomanCart has been actively expanding its operations with several strategic initiatives. In July 2025, WomanCart opened a 2,350 sq.ft. Jaipur warehouse for 2-hour citywide delivery starting August 2025. The company is also exploring franchise opportunities, as WomanCart invites franchise partners nationwide, promoting a profitable, low-risk business model with full support.

The company operates across multiple channels, combining digital and physical retail presence to maximize customer reach. This omnichannel approach positions WomanCart well in the competitive beauty and wellness retail market, particularly as it caters to the growing demand for branded beauty products among Indian consumers.

Sector Classification and Market Position

WomanCart Ltd belongs to the Consumer Discretionary sector & Retail - Online sub-sector. As per Value Research classification, it is a Small Cap company. The company operates in a rapidly growing segment of the Indian retail market, focusing on beauty, wellness, and lifestyle products that have seen increased demand, particularly in the post-pandemic era.

The stock represents an investment opportunity in India's expanding digital retail ecosystem, with the company leveraging both online platforms and physical stores to serve customers. With its diverse product portfolio spanning over 12,000 SKUs and multiple own brands, WomanCart is positioned to capitalize on the growing consumer spending in the beauty and wellness category.