Buy Avenue Supermarts, target price Rs 5118: Prabhudas Lilladher
Prabhudas Lilladher has buy call on Avenue Supermarts with a target price of Rs 5118. The current market price of is Rs 4439.
Time period given by analyst is one year when
. price can reach defined target.
Avenue Supermarts Ltd., incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 284149.61 Crore) operating in Retail sector.
Avenue Supermarts Ltd. key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2022.
For the quarter ended 30-06-2022, the company reported a Consolidated Total Income of Rs 10067.21 Crore, up 14.15 % from last quarter Total Income of Rs 8819.02 Crore and up 93.06 % from last year same quarter Total Income of Rs 5214.58 Crore. Company reported net profit after tax of Rs 642.89 Crore in latest quarter.
Also with the festive demand hitting, D’Mart will witness strong growth in the zero covid restrictions environment. It believes D’Mart has a huge growth runway ahead given low probability of heightened competition in modern trade, 1500+ store potential in existing clusters (current stores 294) and gradual scale up in D’Mart Ready. The brokerage estimates 42% PAT CAGR over FY22-25 and retains BUY with rise in DCF based target price to Rs5118 (Rs4636 earlier).
Promoters held 74.99 per cent stake in the company as of 30-Jun-2022, while FIIs owned 8.59 per cent, DIIs 6.88 per cent.
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