Indian Retail Undervalued over 20% based on DCF

Baazar Style Retail

Market Cap: ₹25.6b

Engages in the retail of various apparel and non-apparel consumer products in India.

Motisons Jewellers

Market Cap: ₹11.7b

Engages in the manufacture and retail of jewelry in India.

Vakrangee

Market Cap: ₹7.1b

A technology company, provides e-commerce, white label ATM, financial, and logistics services in India.

Credo Brands Marketing

Market Cap: ₹5.8b

Engages in the retail of men’s casual wear under the MUFTI brand in India.

Sreeleathers

Market Cap: ₹4.4b

Engages in the trading of footwear and accessories in India.

Logica Infoway

Market Cap: ₹3.2b

Distributes and retails smartphones, IT hardware, software, and allied accessories and services in India.

Jullundur Motor Agency (Delhi)

Market Cap: ₹1.9b

Trades and distributes automobile parts, accessories, and petroleum products primarily in India.

Fonebox Retail

Market Cap: ₹854.1m

Engages in the multi-brand retail selling of smartphones and allied accessories in India.

Archies

Market Cap: ₹493.2m

Engages in the retail sale of cultural, recreation, and other goods in India and internationally.

Yarn Syndicate

Market Cap: ₹192.4m

Engages in the trading of yarns and fabrics.

Vivaa Tradecom

Market Cap: ₹144.7m

Provides fabrics and garments in India and internationally.

RO Jewels

Market Cap: ₹81.7m

RO Jewels Limited is involved in wholesaling and trading of gold and silver chains in India.

Naturo Agrotech India

Market Cap: ₹43.0m

Trades in fast-moving consumer goods (FMCG) and health care products in India.