Research ReportsV-Mart - An Under-Earning Asset Or A Melting Ice Cube? HDFC Securities' Analysis
ADVERTISEMENT
V-Mart - An Under-Earning Asset Or A Melting Ice Cube? HDFC Securities' Analysis
We build in sales/Ebitda CAGR of (17/36% CAGR) over FY23-26 (base case) and upgrade V-Mart to a 'Buy' rating with a DCF-based target price of Rs 2,550/share implying 23 times FY26 EV/Ebitda
A V-Mart Retail Ltd.'s store in Bengaluru. (Source: Company's official fb page)
NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.