V Mart Retail Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 7991.78 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-2021.
Financials
For the quarter ended 30-09-2021, the company reported a Standalone Total Income of Rs 342.04 Crore, up 88.02 % from last quarter Total Income of Rs 181.92 Crore and up 79.53 % from last year same quarter Total Income of Rs 190.52 Crore. Company reported net profit after tax of Rs -14.14 Crore in latest quarter.
Investment Rationale
The brokerage believes earnings of apparel brands and retail companies may surprise positively led by faster-than-expected demand recovery and expect consensus to turn more constructive with Q2FY22 management commentary. It maintains BUY with revised DCF-based target price of Rs4,690/sh (earlier: Rs4,170) on better cashflow. Key risks: Slower recovery in discretionary spends and increasing online competition.
Promoter/FII Holdings
Promoters held 46.44 per cent stake in the company as of 30-Sep-2021, while FIIs owned 22.12 per cent, DIIs 21.69 per cent.
(Disclaimer: Recommendations given in this section or any reports attached herein are authored by an external party. Views expressed are that of the respective authors/entities. These do not represent the views of Economic Times (ET). ET does not guarantee, vouch for, endorse any of its contents and hereby disclaims all warranties, express or implied, relating to the same. Please consult your financial adviser and seek independent advice.
