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V-Mart Gets 'Buy' Upgrade From HDFC Securities, Says Risk-Reward Turning Favorable

HDFC Securities upgrades V-Mart to Buy (earlier Reduce) with a DCF-based target price of Rs 3,500/share (implying 25 times FY27 EV/Ebitda).

HDFC Securities Institutional Equities

20 Mar 2025, 10:09 AM IST i

<div class="paragraphs"><p>Against the backdrop of improving rural cycle, a modest ask from growth/margins, and a 35% stock price correction, the brokerage suspects the risk reward dynamic has swung in favor of V-Mart </p><p>(Photo Source: Company's official Facebook page)</p></div>

Against the backdrop of improving rural cycle, a modest ask from growth/margins, and a 35% stock price correction, the brokerage suspects the risk reward dynamic has swung in favor of V-Mart

(Photo Source: Company's official Facebook page)

Against the backdrop of improving rural cycle, a modest ask from growth/margins, and a 35% stock price correction, the brokerage suspects the risk reward dynamic has swung in favor of V-Mart and bake in 15% revenue CAGR over FY25-27E and 6.4% Ebitdam respectively

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