Store-network businesses where the value turns on how fast new stores open and how much each one keeps earning.
Current price and the usual multiples, with the valuation method the engine applies to each business. Listed alphabetically by sector position, not ranked — the gap between price and modelled value is on each company's own page, where the working that produced it can be read alongside it.
| Company | Price | P/E | P/B | ROE % | Valued on |
|---|---|---|---|---|---|
| AVENUE SUPERMARTS | ₹3,680 | 78.5 | 9.81 | — | Discounted cash flow |
| Trent | ₹2,730 | 80.5 | 20.84 | — | Discounted cash flow |
| Kalyan Jewellers India | ₹604 | 43.5 | 9.89 | — | Discounted cash flow |
A sector is not one kind of business, and the method has to follow the economics rather than the label. Across the 3 here: