V Mart Retail Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 5097.33 Crore) operating in Retail sector.
Financials
For the quarter ended 31-12-2020, the company reported a Standalone Total Income of Rs 470.31 Crore, up 146.85 % from last quarter Total Income of Rs 190.52 Crore and down -16.40 % from last year same quarter Total Income of Rs 562.59 Crore. Company reported net profit after tax of Rs 47.87 Crore in latest quarter.
Investment Rationale
VMART is currently valued ~18x FY23E EV-to-EBITDA against its long term sustainable EBITDA growth potential of 20-25%, implying an EV-to-EBITDA to EBITDA growth ratio of 0.7-0.9x. This makes it an attractive bet given the long runway of growth.
Promoter/FII Holdings
Promoters held 50.6 per cent stake in the company as of Dec 30, 2020, while FIIs held 22.6 per cent, DIIs 18.5 per cent and public and others 8.3 per cent.
