AgenciesICICI Direct has hold call on with a target price of Rs 4900.The current market price of Avenue Supermarts is Rs 3880.
Avenue Supermarts, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 251330.10 Crore) operating in Retail sector.
Avenue Supermarts key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 10673.90 Crore, up 6.03 % from last quarter Total Income of Rs 10067.21 Crore and up 36.56 % from last year same quarter Total Income of Rs 7816.44 Crore. Company has reported net profit after tax of Rs 685.71 Crore in latest quarter.
The company’s top management includes Mr.Ramesh Damani, Mr.Ignatius Navil Noronha, Mr.Ramakant Baheti, Mr.Elvin Machado, Mrs.Manjri Chandak, Mr.Chandrashekhar Bhave, Ms.Kalpana Unadkat. Company has S R B C & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 65 Crore shares outstanding.
Investment Rationale
For Avenue Supermarts, consolidated revenues to grow 25% YoY (three-year CAGR: 19%).Revenue/sq ft for D-Mart expected to improve marginally by 2% YoY to Rs 9130/sq ft but continues to remain below pre-Covid levels (Q3FY20: Rs 9700/sq ft).
Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 30-Sep-2022, while FIIs owned 8.59 per cent, DIIs 7.01 per cent.
Avenue Supermarts, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 251330.10 Crore) operating in Retail sector.
Avenue Supermarts key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
For the quarter ended 30-09-2022, the company has reported a Consolidated Total Income of Rs 10673.90 Crore, up 6.03 % from last quarter Total Income of Rs 10067.21 Crore and up 36.56 % from last year same quarter Total Income of Rs 7816.44 Crore. Company has reported net profit after tax of Rs 685.71 Crore in latest quarter.
The company’s top management includes Mr.Ramesh Damani, Mr.Ignatius Navil Noronha, Mr.Ramakant Baheti, Mr.Elvin Machado, Mrs.Manjri Chandak, Mr.Chandrashekhar Bhave, Ms.Kalpana Unadkat. Company has S R B C & Co. LLP as its auditors. As on 30-09-2022, the company has a total of 65 Crore shares outstanding.
Investment Rationale
For Avenue Supermarts, consolidated revenues to grow 25% YoY (three-year CAGR: 19%).Revenue/sq ft for D-Mart expected to improve marginally by 2% YoY to Rs 9130/sq ft but continues to remain below pre-Covid levels (Q3FY20: Rs 9700/sq ft).
Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 30-Sep-2022, while FIIs owned 8.59 per cent, DIIs 7.01 per cent.
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