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Hold Avenue Supermarts: target of Rs 3720: ICICI Direct

ICICI Direct recommended hold rating on Avenue Supermarts with a target price of Rs 3720 in its research report dated July 22, 2021.

July 27, 2021 / 03:47 PM IST
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ICICI Direct's research report on Avenue Supermarts

Avenue Supermarts (ASL) operates supermarket chain under ‘DMart’ brand with a core focus on value retailing. D-Mart, through its proven business model, has been able to maintain consistent profitability and remains an exceptional performer in its peer group.D-Mart has progressively enhanced its return ratios (RoIC: 20%+) despite being capital intensive (follows ownership model) Robust store operating metrics (breakeven in 18-24 months of its operations and one of industry best revenue/sq ft: Rs 32000+)


We continue to remain structurally positive and maintain HOLD rating We value ASL at Rs 3720 i.e. 60x FY23E EV/EBITDA

For all recommendations report, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on are their own, and not that of the website or its management. advises users to check with certified experts before taking any investment decisions.

Broker Research
first published: Jul 27, 2021 03:47 pm

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