Buy V Mart Retail, target price Rs 4100: ICICI Direct

ICICI Direct has buy call on V Mart Retail with a target price of Rs 4100. The current market price of V Mart Retail Ltd. is Rs 3322.8. 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 6509.99 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
V-Mart has been a consistent compounder with stock price appreciating at 45% CAGR in the last five years. The brokerage continues to remain structurally positive and maintains BUY rating.


Promoter/FII Holdings
Promoters held 46.7 per cent stake in the company as of June 30, 2021, while FIIs held 23.4 per cent, DIIs 20.9 per cent and public and others 9.1 per cent.