Moneycontrol PRO

V-MART; target of Rs 3500: Motilal Oswal

Motilal Oswal is bullish on V-MART recommended buy rating on the stock with a target price of Rs 3500 in its research report dated March 09, 2021.

March 10, 2021 / 01:43 PM IST
  • bselive
  • nselive
Todays L/H

Motilal Oswal's research report on V-MART

In the last one-year, the Apparel retail sector has been one of the worst hit and is still operating below pre-COVID levels, raising concerns of a permanent business impairment risk to retailers. Yet what we like about VMART is: With a focus on smaller towns and largely on high streets, VMART has seen a better recovery than other Apparel retailers. Footfalls are expected to normalize in the coming 1-2 quarters. Value retail has a long runway for growth, with a large lower tier market and a compelling value proposition.


We value the stock at FY23E EV-to-EBITDA ratio of 23x (in line with its pre-COVID three-year average EV-to-EBITDA multiple of 23x), increasing our target price to INR3,500. Retain Buy.

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: Mar 10, 2021 01:43 pm
ISO 27001 - BSI Assurance Mark