{"id":132124,"date":"2022-08-01T11:38:48","date_gmt":"2022-08-01T15:38:48","guid":{"rendered":"https:\/\/44.250.171.167\/?p=132124"},"modified":"2023-04-25T08:44:25","modified_gmt":"2023-04-25T12:44:25","slug":"v-mart-retail-limited-research-report","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/v-mart-retail-limited-research-report\/","title":{"rendered":"V-Mart Retail Limited: Research Report"},"content":{"rendered":"\n<h4 class=\"wp-block-heading\"><strong>Stock Data<\/strong><\/h4>\n\n\n\n<p>Ticker- VMART<\/p>\n\n\n\n<p>Exchange- NSE<\/p>\n\n\n\n<p>Industry- Retail<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Price Performance<\/strong><\/h4>\n\n\n\n<p>Last 5 days- (-0.76%)<\/p>\n\n\n\n<p>YTD- (-26.05%)<\/p>\n\n\n\n<p>Last 12 Months- (-28.9%)<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Why the Slump:<\/strong><\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>COVID induced lockdowns had restricted the consumer\u2019s mobility. This hugely impacted V Mart\u2019s bottom line.\u00a0<\/li><li>Along with that, rising competition has dampened the footfall growth.\u00a0<\/li><li>Grim short term demand outlook due to inflationary pressures.<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Events to watch out for<\/strong>:<\/h4>\n\n\n\n<ul class=\"wp-block-list\"><li>Earnings Release for the June Quarter on August 5th<\/li><li>Intimation of Opening Stores<\/li><\/ul>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Company Description:<\/strong><\/h4>\n\n\n\n<p>V-Mart is a family clothing retailer that offers its customers affordable fashion apparel and kirana products. The firm mainly runs the chain of &#8220;Value Retail&#8221; department shops in tier II and tier III cities. UP and Bihar have the highest business concentration, generating 65 to 70 percent of the top line.<\/p>\n\n\n\n<h4 class=\"wp-block-heading\"><strong>Peer Comparison Chart:<\/strong><\/h4>\n\n\n\n<figure class=\"wp-block-table\"><table><tbody><tr><td><strong>Company Name<\/strong><\/td><td><strong>P\/E<\/strong><\/td><td><strong>P\/S<\/strong><\/td><td><strong>P\/BV<\/strong><\/td><\/tr><tr><td><strong>V-Mart Retail<\/strong><\/td><td><strong>464.40<\/strong><\/td><td><strong>3.24<\/strong><\/td><td><strong>6.36<\/strong><\/td><\/tr><tr><td><strong>Vedant Fashions<\/strong><\/td><td><strong>86.14<\/strong><\/td><td><strong>26.33<\/strong><\/td><td><strong>24.50<\/strong><\/td><\/tr><tr><td><strong>Metro Brands<\/strong><\/td><td><strong>82.51<\/strong><\/td><td><strong>13.00<\/strong><\/td><td><strong>13.80<\/strong><\/td><\/tr><tr><td><strong>Avenue Supermarts<\/strong><\/td><td><strong>133.33<\/strong><\/td><td><strong>7.59<\/strong><\/td><td><strong>19.88<\/strong><\/td><\/tr><tr><td><strong>Trent<\/strong><\/td><td><strong>1207.26<\/strong><\/td><td><strong>10.06<\/strong><\/td><td><strong>19.13<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\">Research Summary<\/h2>\n\n\n\n<p>The largest concentration of business comes from UP &amp; Bihar. The rise of inflation has led to a rise in cotton prices which the retailer has passed on to the consumer, which affects the volume of sales. Along with that, inflationary pressures have eroded the common man\u2019s disposable income, resulting in decreased sales for the firm.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter\"><a href=\"https:\/\/lh5.googleusercontent.com\/JJTTqb-2g2z65E1f3NHAqciElr4tusrOpgoKQkgCzF955OxW5BRtNs3aaJNJhfbxK40LC0sNKNqdyUJNcy7TgM7NUgmSMH6mldlkHaGhFbNtCqw8-L-rk-zyXRjdA4YTTx-z5K0GPv-TdFehbvh6pA\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/lh5.googleusercontent.com\/JJTTqb-2g2z65E1f3NHAqciElr4tusrOpgoKQkgCzF955OxW5BRtNs3aaJNJhfbxK40LC0sNKNqdyUJNcy7TgM7NUgmSMH6mldlkHaGhFbNtCqw8-L-rk-zyXRjdA4YTTx-z5K0GPv-TdFehbvh6pA\" alt=\"\" \/><\/a><\/figure><\/div>\n\n\n\n<figure class=\"wp-block-table\"><table><thead><tr><th scope=\"col\"><strong>(\u20b9 mn.)<\/strong><\/th><th scope=\"col\"><strong>Q4FY22<\/strong><\/th><th scope=\"col\"><strong>Q4FY21<\/strong><\/th><th scope=\"col\"><strong>YoY (%)<\/strong><\/th><\/tr><tr><th scope=\"col\"><strong>Total Revenue<\/strong><\/th><th scope=\"col\"><strong>4,588<\/strong><\/th><th scope=\"col\"><strong>3,519<\/strong><\/th><th scope=\"col\"><strong>30.4<\/strong><\/th><\/tr><\/thead><tbody><tr><td><strong>Total Expenditure<\/strong><\/td><td><strong>4,085<\/strong><\/td><td><strong>3,220<\/strong><\/td><td><strong>26.8<\/strong><\/td><\/tr><tr><td><strong>EBITDA Margin (%)<\/strong><\/td><td><strong>11<\/strong><\/td><td><strong>8.5<\/strong><\/td><td><strong>249bps<\/strong><\/td><\/tr><tr><td><strong>Profit After Tax<\/strong><\/td><td><strong>(26)<\/strong><\/td><td><strong>(15)<\/strong><\/td><td><strong>&#8211;<\/strong><\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n<p>Earnings had taken a hit during the pandemic. The profitability seems to be recovering but they still have a long way to go to reach pre pandemic levels of profitability.<\/p>\n\n\n\n<p>The Unlimited Acquisition has accelerated the growth of V Mart. The acquisition seems to be an intelligent move by the firm. The Unlimited stores produce higher margins in the short term and most of these stores are situated in Tier 1 cities, unlike V Mart stores which focus more on Tier 2 and Tier 3 towns which is beneficial for the firm as Tier 1 cities have been less susceptible to the falls of Inflation.<\/p>\n\n\n\n<p>The long term growth prospects of the company seems to paint a brighter picture. The inflation in cotton prices might also cool down, as hinted by the Managing Director of the firm, Mr. Lalit Agarwal in the Q4 earnings call last fiscal period.<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter\"><a href=\"https:\/\/lh4.googleusercontent.com\/UU-EE9asHLd-oXugwhEsoDdKFQOTV76ikLo0qvEaLQjMTIACdMKzRrnaGasdudLknFm9yZqvuSJ5h-3oPai7Qe9o82Y0SMbkrLSg0F7NVHVEFgKh-YdIl1ArFUkoPVwzaIZA6V9EYInTW3vBBGfLyXc\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/lh4.googleusercontent.com\/UU-EE9asHLd-oXugwhEsoDdKFQOTV76ikLo0qvEaLQjMTIACdMKzRrnaGasdudLknFm9yZqvuSJ5h-3oPai7Qe9o82Y0SMbkrLSg0F7NVHVEFgKh-YdIl1ArFUkoPVwzaIZA6V9EYInTW3vBBGfLyXc\" alt=\"\" \/><\/a><\/figure><\/div>\n\n\n\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\"><p>\u201cModeration in commodity price hikes is expected to bring some respite to macro stability indicators. Building on the moderation in commodity prices and swifter correction in domestic food prices, we see the near-term inflation trajectory improving.\u201d <\/p><cite>&#8211; Morgan Stanley Research, 2022.<\/cite><\/blockquote>\n\n\n\n<p>&nbsp;India is set to be the fastest growing economy while all other major global economies have shown recessionary trends coupled with the stabilisation in Inflation trajectory, this will result in the gradual increase in disposable income for the lower income group. Therefore, resulting in sales growth for the firm in the longer term.<\/p>\n\n\n\n<p>With the price rises being passed on to the consumer. The company has taken the initiative to come up with numerous schemes and promotional measures for lower price point products in order to retain its consumer\u00a0 base.<\/p>\n\n\n\n<p>Along with that, to expand their footprint in India, the firm has opened 11 new stores in the June quarter FY 2022-23. Bringing the total number of stores to 391.\u00a0\u00a0<\/p>\n\n\n\n<div class=\"wp-block-image is-style-default\"><figure class=\"aligncenter\"><a href=\"https:\/\/lh3.googleusercontent.com\/o-JmyPlNjdirMQCQtuKYKO5B8ki70Np2BJd8C23UgNIINtqA2BuaHsIuIouEMHPj-qNztoeBA5P1_ZkActvksLG-T_uqDzY_AIHAYCjQD6hE3zTGEVScgNNUxh7FyRPzKSUoUGTTpN56N7NyPDVMchc\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" src=\"https:\/\/lh3.googleusercontent.com\/o-JmyPlNjdirMQCQtuKYKO5B8ki70Np2BJd8C23UgNIINtqA2BuaHsIuIouEMHPj-qNztoeBA5P1_ZkActvksLG-T_uqDzY_AIHAYCjQD6hE3zTGEVScgNNUxh7FyRPzKSUoUGTTpN56N7NyPDVMchc\" alt=\"\" \/><\/a><\/figure><\/div>\n\n\n\n<h2 class=\"wp-block-heading\"><strong>Our View:<\/strong><\/h2>\n\n\n\n<p>V-Mart Retail Limited is currently trading at a discount considering its long term growth prospects. It provides exposure to the Indian Retail Industry, which shows strong signs of growth in the future. The post pandemic environment combined with stabilising inflation paints a bright picture for the firm in the long run. The future growth plan seems to be in safe hands considering the fact that the company has no long term borrowings while possessing a steady cash reserve.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock Data Ticker- VMART Exchange- NSE Industry- Retail Price Performance Last 5 days- (-0.76%) YTD- (-26.05%) Last 12 Months- (-28.9%) Why the Slump: COVID induced lockdowns had restricted the consumer\u2019s mobility. This hugely impacted V Mart\u2019s bottom line.\u00a0 Along with that, rising competition has dampened the footfall growth.\u00a0 Grim short term demand outlook due to [&hellip;]<\/p>\n","protected":false},"author":1885,"featured_media":132136,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1941,6352,85,6350],"tags":[10168],"class_list":["post-132124","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-stock-analysis","category-research-summary","category-retail-stocks","category-trending-stocks","tag-value-retailing"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/08\/iStock-165724270.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":177240,"url":"https:\/\/alphastreet.com\/india\/v-mart-retail-reports-88-crore-rupee-net-profit-in-third-quarter-as-revenue-rises\/","url_meta":{"origin":132124,"position":0},"title":"V-Mart Retail Reports 88 Crore Rupee Net Profit in Third Quarter as Revenue Rises","author":"Staff Correspondent","date":"January 23, 2026","format":false,"excerpt":"V-Mart Retail Reports 88 Crore Rupee Net Profit in Third Quarter as Revenue Rises V-Mart Retail Ltd (NSE: VMART, BSE: 534976) shares closed at 579.25 rupees on Friday, marking a 1.91 percent intraday decline. The company released its third-quarter financial results for fiscal year 2026 during market hours on January\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2021\/11\/Earnings-Coverage.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":146329,"url":"https:\/\/alphastreet.com\/india\/v-mart-retail-ltd-q4fy23-results-out-revenue-grows-by-29\/","url_meta":{"origin":132124,"position":1},"title":"V-Mart Retail Ltd Q4FY23 results out, revenue grows by 29%","author":"Chirag Gupta","date":"May 16, 2023","format":false,"excerpt":"V-Mart Retail is engaged in the business of Value Retailing through the chain of stores situated at various cities in India. VMRL is mainly involved in value retailing of apparel with a minor presence in non-apparels (footwear, accessories, toys\/ games, home textile, furnishing, d\u00e9cor, and appliances, etc.) and Kirana bazaar.\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":152226,"url":"https:\/\/alphastreet.com\/india\/v-mart-retail-ltd-q1fy24-15-rise-in-revenue\/","url_meta":{"origin":132124,"position":2},"title":"V-Mart Retail Ltd Q1FY24; 15% rise in Revenue","author":"Chirag Gupta","date":"August 10, 2023","format":false,"excerpt":"V-Mart Retail is engaged in the business of Value Retailing through the chain of stores situated at various cities in India. Financial Results: V-Mart Retail Ltd reported Revenues for Q1FY24 of \u20b9679.00 Crores up from \u20b9588.00 Crore year on year, a rise of 15.48%. Total Expenses for Q1FY24 of \u20b9709.00\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-518.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-518.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-518.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-518.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-518.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/08\/image-518.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":163032,"url":"https:\/\/alphastreet.com\/india\/v-mart-retail-ltd-q4fy24-13-rise-in-revenue\/","url_meta":{"origin":132124,"position":3},"title":"V-Mart Retail Ltd Q4FY24; 13% rise in Revenue","author":"Chirag Gupta","date":"July 15, 2024","format":false,"excerpt":"V-Mart Retail is engaged in the business of Value Retailing through the chain of stores situated at various cities in India. Financial Results: V-Mart Retail Ltd reported Revenues for Q4FY24 of \u20b9669.00 Crores up from \u20b9594.00 Crore year on year, a rise of 12.63%. Total Expenses for Q4FY24 of \u20b9725.00\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/image-118.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/image-118.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/image-118.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/image-118.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/image-118.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/07\/image-118.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":164820,"url":"https:\/\/alphastreet.com\/india\/v-mart-retail-ltd-q1fy25-16-rise-in-revenue\/","url_meta":{"origin":132124,"position":4},"title":"V-Mart Retail Ltd Q1FY25; 16% rise in Revenue","author":"Chirag Gupta","date":"October 10, 2024","format":false,"excerpt":"V-Mart Retail is engaged in the business of Value Retailing through the chain of stores situated at various cities in India. Financial Results: V-Mart Retail Ltd reported Revenues for Q1FY25 of \u20b9786.00 Crores up from \u20b9679.00 Crore year on year, a rise of 15.76%. Total Expenses for Q1FY25 of \u20b9781.00\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-68.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-68.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-68.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-68.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-68.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2024\/10\/image-68.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":156881,"url":"https:\/\/alphastreet.com\/india\/v-mart-retail-ltd-q2fy24-8-rise-in-revenue\/","url_meta":{"origin":132124,"position":5},"title":"V-Mart Retail Ltd Q2FY24; 8% rise in Revenue","author":"Chirag Gupta","date":"November 29, 2023","format":false,"excerpt":"V-Mart Retail is engaged in the business of Value Retailing through the chain of stores situated at various cities in India. Financial Results: V-Mart Retail Ltd reported Revenues for Q2FY24 of \u20b9549.00 Crores up from \u20b9506.00 Crore year on year, a rise of 8.5%. Total Expenses for Q2FY24 of \u20b9638.00\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-392.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-392.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-392.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-392.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-392.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/11\/image-392.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132124","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1885"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=132124"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/132124\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/132136"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=132124"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=132124"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=132124"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}