I second the views, Big retailers are concentrating in bigger metro’s, AVL is running successfully in patna where they have competition from Reliance retail, croma and Vijay Sales, this proves model is sustainable l, I find cost too low in comparision to others, this business is very high ROCE and will be sustainable as working capital requirements are too thin. PE band might expend upwards as projected earnings will be close to 1809-2000 cr topline and EPS between 65-80 band for FY 23. If they expend like this, sky is limit.
Subscribe To Our Free Newsletter |