Add V-Mart Retail, target price Rs 2200: ICICI Securities

ICICI Securities has add call on V-Mart Retail with a target price of Rs 2200. The current market price of V-Mart Retail Ltd. is Rs 1981.65.

V-Mart Retail Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 3913.57 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
For the quarter ended 30-06-2023, the company reported a Standalone Total Income of Rs 680.03 Crore, up 13.07 % from last quarter Total Income of Rs 601.44 Crore and up 14.88 % from last year same quarter Total Income of Rs 591.97 Crore. Company reported net profit after tax of Rs -21.95 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 44.34 per cent stake in the company as of 30-Jun-2023, while FIIs owned 14.82 per cent, DIIs 30.96 per cent.