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Hold V2 Retail; target of Rs 321: Dalmia Securities

Dalmia Securities recommended Hold rating on V2 Retail with a target price of Rs 321 in its research report dated January 28, 2019.

March 04, 2019 / 15:49 IST
     
     
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    Dalmia Securities's research report on V2 Retail

    V2 Retail Limited (V2 Retail) offers a portfolio of products, including apparel and life style products. V2 stands for ‘Value and Variety’ it sells, good quality fashion garments at affordable prices, which suits every individual and household. The company caters to the neo middle class group of population living in Tier II and Tier III cities. The Company operated 74 stores in 17 states and 69 cities covering a total retail area of 8.75 lac sq. ft. as on Dec 31, 2018.

    Outlook

    We recommend a HOLD on V2 Retail with a TP of INR 321, valuing it at 20x FY21E earnings, considering earnings CAGR of 23.3% over FY18-21E and improving margin with healthy inventory turnover.

    For all recommendations report, click here

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    Broker Research
    first published: Mar 4, 2019 03:49 pm

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