According to Trendline data, Damani’s wealth is close to 155,503.17 crore, down 10.53% from the first quarter of 2022.
What was Damani’s net worth in the first quarter of this year (January-March 2022)? 173,822 crore. This was a drop of more than 14% from the previous quarter.
However, so far this year, Damani’s assets have declined by more than 23 per cent since December 2021. quarter,
Damani’s assets at all-time high during the quarter October to December 2021 202,248.66 crores. Notably, Damani’s assets have seen a tremendous jump of 14,512.07% in the last seven years on the back of DMart’s market advantage. Damani’s wealth was just around the corner in December 2015 1,384.12 crore.
As of May 2022, there is an increase of 11,134.80% in assets from December 2015.
Statistics show that Damani’s wealth reached 1 lakh crore club in June 2020 when the markets were struggling due to the first wave of the Covid-19 pandemic.
Damani has 14 shares in the public domain. Avenue Supermarts is the largest stock in his portfolio, and as per the statistics, his holding value is approx. 1,52,695 crore till May 27, 2022. His stake in VST Industries is the second largest amount in his portfolio 1,598.3 crores.
Damani holds India Cements, Trent, United Breweries, Sundaram Finance, 3M India, Blue Dart, Metropolis Healthcare, Sundaram Finance Holdings, Astra Microwave Products, Andhra Paper, BF Utilities and Mangalam Organics.
Experts are optimistic about some of Damani’s stocks.
United Breweries:
Bharat Chhota and Harshal Mehta, Research Analysts, ICICI Direct said, “The company saw the highest ever volume in March 2022 and expects the momentum to continue in Q1FY23 (peak season for breweries). Further, UBL has been rated as one. Expected to see normal peak quarter after. Three-year period. However near-term challenges remain (barley prices – which account for 15% of input cost for UBL, are up 70% annually, high single-digit inflation in glass ), the management is expected to reduce the impact of price hike in key states in the near future.”
“Due to the long-term growth story in the industry and a well-managed company with MNCs, we maintain our BUY rating on the stock,” the duo said.
They have set a target price of 1,800 i.e. 62x P/E at FY24E EPS.
United Breweries ended on stock on Wednesday 1481.60 each, up 0.47% on the BSE.
Metropolis Healthcare:
Vinay Bafna, Mitesh Shah and Rohan John, Research Analysts, ICICI Securities said, “Metropolis Healthcare (Metropolis) reported Q4FY22 performance below our estimates. Revenue grew 4.9% YoY to 3.1 billion (I-Sec: Rs 3.3) (billion) aided by consolidation of hi-tech business. Pre-hi-tech, non-Covid revenue declined 2.8% but grew at 2-year CAGR of 8.6%. Covid revenue shrank 23% QoQ. EBITDA margin 24.5% was compared to our estimate of 26.8%.”
Going forward, the trio said, “Increased competition from big brands is likely to impact realizations in the near term. However, we remain positive on account of the company’s aggressive network expansion with a focus on B2C, which is accelerating.” Consolidates position in a growing market from the South Zone with Hi-Tech acquisitions, focus on increasing digital revenues, and rapid transition of the market to organized players. Buy with a revised target price of Rs 2,187/share (before: 2,992 rupees).
On BSE, Mahanagar shares closed on 1666 an increase of 2.98% each.
Avenue Supermarts:
JM Finance analysts Richard Liu, Mehul Desai and Sumanyu Saraf recently upgraded their rating from hold to buy on DMart after two years to take advantage of the rapid price correction (-40% versus peak 7 months ago). .
He added that “the ‘essential’ part of the business is performing well but the discretionary part remains softer than warranted. In the current hyper-inflationary environment, however, we believe that DMart’s ‘everyday low price’ proposition The value offered by will stand out and contribute to growth, and the business has enough levers to manage its costs to deliver profitability.”
JM Financial analysts set a buy target price of 3,675 each at Avenue Supermarts.
Meanwhile, Amnish Agarwal and Anoushka Chhajed, analysts at Prabhudas Lilladher said, “We cut FY 2013/24 EPS estimates by 10.8% and 13.5% and DCF based target price by Rs 4651 (5345 earlier) even though we Upgrade the stock to buy post sharp. Improvement.”
Analysts at Prabhudas said, “While the third Covid wave affected the business temporarily, the recovery was sharp in the FMCG business, while it lags in the discretionary non-FMCG segment. We expect strong growth as d’ Mart hasn’t completely sweated 72 stores yet. Opened in last 24 months. We anticipate 42% PAT CAGR in FY 22-24 and remain positive for long term. Bill cut /stores/day is 33% lower than FY2020, and we assume 25% and 20% lower numbers by FY24, full recovery could reverse our estimates.”
Shares of Avenue Supermarts closed on BSE 3611.70 an increase of 0.90% each.
However, experts have given a sell call on Damani’s Blue Dart stock.
Blue Dart:
Abhijit Mitra, Mohit Lohia and Pritish Urumkar, Research Analysts, ICICI Securities said, “Blue Dart Express’ (BDE) management takes a strong outlook on volumes and pricing. Ground Express is expected to grow in the high double digits and Air Express at high Single digit. Fuel surcharge mechanism will continue to offset higher fuel prices (with a gap of one month). Management maintains that Bailey Cargo is not a competition for BDE. Management expects substantial profitable opportunity in omnichannel e-commerce As capacity utilization remains high on account of investment in infrastructure, the Management expects a potential 100-200bps decline in EBITDA margins from Q4FY22 (applicable to FY23E). However, the mix change (towards Ground Express) Higher) is not expected to impact margins. We maintain DCF-based sell with a target price of Rs 5,553/share.”
Shares of Blue Dart closed on BSE 7413.50 each, an increase of 1.42%. Shares hit new 52-week high 7517 before today.