V Mart Retail Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 5411.70 Crore) operating in Retail sector.
Financials
For the quarter ended 31-03-2021, the company reported a Standalone Total Income of Rs 356.22 Crore, down -24.26 % from last quarter Total Income of Rs 470.31 Crore and up 6.83 % from last year same quarter Total Income of Rs 333.45 Crore. Company reported net profit after tax of Rs -1.47 Crore in latest quarter.
Investment Rationale
The brokerage revises down FY22 revenue/EBITDA estimates by 31%/33% due to the impact of the second wave, but maintain FY23 revenue/EBITDA estimates given the expectation of swift recovery. The company’s strong cost leadership, lean balance sheet, and secular growth opportunity should keep it in good stead.
Promoter/FII Holdings
Promoters held 46.7 per cent stake in the company as of March 31, 2021, while FIIs held 24.4 per cent, DIIs 20.8 per cent and public and others 8.2 per cent.
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