V-Mart Retail Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 5108.02 Crore) operating in Retail sector.
V-Mart Retail Ltd. key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
Investment Rationale
Considering weaker Q3 (being biggest quarter) the brokerage has cut revenue/earnings for FY23E/FY24E by 3.5%/20.8% & 11.1%/32.7%. It retains BUY with a revised TP Rs3,643 (EV/EBITDA of 18x avg. of FY24/25E). Key risks – slowdown in top-line, longer breakeven in new stores, and renewed competition.
Promoter/FII Holdings
Promoters held 45.79 per cent stake in the company as of 31-Dec-2022, while FIIs owned 11.18 per cent, DIIs 32.67 per cent.
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