Avenue Supermarts - A 100 Bagger Story: IDBI Capital
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IDBI Capital Report
The best recourse to conviction is best-in-class-research. We have attempted one on Avenue Supermarts Ltd.
We believe, DMart stock is a 100 bagger, even from current price, over the next 25years. This company has potential of compounding earnings per share at up 28% compound annual growth rate over FY21-46E.
In this report; we share, our learning from research that we have done to understand evolution of the most popular hard-discounter in U.S. - The Walmart (physical + e-commerce) and thereby implications; similarities, shortcomings and optionality for DMart.
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