Avenue Supermarts, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 238274.20 Crore) operating in Retail sector.
Avenue Supermarts key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.Ramesh Damani, Mr.Ignatius Navil Noronha, Mr.Ramakant Baheti, Mr.Elvin Machado, Mrs.Manjri Chandak, Mr.Chandrashekhar Bhave, Ms.Kalpana Unadkat. Company has S R B C & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 65 Crore shares outstanding.
Investment Rationale
The brokerage believes the company’s overall quality of sales and margin profile is likely to recover in FY24 as the company passes on the RM benefits through price reduction and increase grammage as well as due to the RBI’s intervention to curtail overall inflation which will lead to the overall improvement in throughput.
With a 4% downside from the CMP and the stock lacking a trigger for the upside, the brokerage maintains its HOLD rating on the stock.
Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 31-Dec-2022, while FIIs owned 8.59 per cent, DIIs 7.06 per cent.
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