Add V Mart Retail, target price Rs 3500: HDFC Securities

HDFC Securities has add call on V Mart Retail with a target price of Rs 3500. The current market price of V Mart Retail Ltd. is Rs 2487.7. Time period given by analyst is one year when V Mart Retail Ltd. price can reach defined target.

V Mart Retail Ltd., incorporated in the year 2002, is a Mid Cap company (having a market cap of Rs 4907.84 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 31-03-2022, the company reported a Standalone Total Income of Rs 461.57 Crore, down -33.55 % from last quarter Total Income of Rs 694.61 Crore and up 29.57 % from last year same quarter Total Income of Rs 356.22 Crore. Company reported net profit after tax of Rs -2.61 Crore in latest quarter.


Promoter/FII Holdings
Promoters held 46.2 per cent stake in the company as of 31-Mar-2022, while FIIs owned 20.23 per cent, DIIs 23.23 per cent.