Avenue Supermarts Ltd
Avenue Supermarts Limited (DMart) is a national supermarket chain, with a focus on value-retailing. We offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise
& Apparel product categories.[1]
- Market Cap ₹ 2,54,424 Cr.
- Current Price ₹ 3,910
- High / Low ₹ 4,950 / 3,337
- Stock P/E 85.4
- Book Value ₹ 366
- Dividend Yield 0.00 %
- ROCE 18.4 %
- ROE 14.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company's median sales growth is 26.3% of last 10 years
Cons
- Stock is trading at 10.7 times its book value
- Though the company is reporting repeated profits, it is not paying out dividend
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Consumer Services Retailing Diversified Retail
Part of BSE 500 BSE 100 BSE 200 BSE Dollex 200 Nifty Next 50
Quarterly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 4,681 | 6,434 | 8,575 | 11,881 | 15,009 | 19,916 | 24,675 | 23,787 | 30,352 | 41,833 | 49,533 | 57,790 | 62,179 | |
| 4,346 | 5,983 | 7,918 | 10,917 | 13,672 | 18,274 | 22,553 | 22,044 | 27,849 | 38,172 | 45,432 | 53,246 | 57,419 | |
| Operating Profit | 335 | 450 | 657 | 964 | 1,337 | 1,642 | 2,122 | 1,743 | 2,504 | 3,661 | 4,101 | 4,544 | 4,760 |
| OPM % | 7% | 7% | 8% | 8% | 9% | 8% | 9% | 7% | 8% | 9% | 8% | 8% | 8% |
| 19 | 23 | 19 | 30 | 73 | 51 | 63 | 207 | 139 | 161 | 187 | 173 | 143 | |
| Interest | 55 | 72 | 91 | 122 | 59 | 47 | 63 | 34 | 40 | 48 | 44 | 58 | 90 |
| Depreciation | 56 | 81 | 97 | 126 | 155 | 199 | 340 | 371 | 421 | 543 | 633 | 776 | 858 |
| Profit before tax | 242 | 321 | 488 | 747 | 1,196 | 1,448 | 1,783 | 1,545 | 2,182 | 3,231 | 3,611 | 3,883 | 3,955 |
| Tax % | 34% | 34% | 35% | 35% | 34% | 35% | 24% | 25% | 26% | 21% | 25% | 25% | |
| 160 | 211 | 318 | 483 | 785 | 936 | 1,350 | 1,165 | 1,616 | 2,556 | 2,695 | 2,927 | 2,981 | |
| EPS in Rs | 2.92 | 3.75 | 5.66 | 7.73 | 12.57 | 15.00 | 20.84 | 17.99 | 24.95 | 39.43 | 41.41 | 44.98 | 45.80 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 25% |
| 5 Years: | 19% |
| 3 Years: | 24% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 17% |
| 3 Years: | 22% |
| TTM: | 4% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 10% |
| 3 Years: | -1% |
| 1 Year: | 2% |
| Return on Equity | |
|---|---|
| 10 Years: | 15% |
| 5 Years: | 14% |
| 3 Years: | 15% |
| Last Year: | 14% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 547 | 562 | 562 | 624 | 624 | 624 | 648 | 648 | 648 | 648 | 651 | 651 | 651 |
| Reserves | 404 | 631 | 950 | 3,213 | 4,019 | 4,970 | 10,488 | 11,658 | 13,276 | 15,854 | 18,630 | 21,579 | 23,160 |
| 624 | 888 | 1,177 | 1,481 | 439 | 695 | 280 | 296 | 416 | 439 | 464 | 693 | 1,476 | |
| 217 | 267 | 392 | 484 | 531 | 708 | 668 | 1,046 | 1,064 | 1,302 | 1,822 | 1,969 | 2,263 | |
| Total Liabilities | 1,791 | 2,348 | 3,082 | 5,802 | 5,612 | 6,998 | 12,084 | 13,646 | 15,404 | 18,244 | 21,566 | 24,891 | 27,549 |
| 1,169 | 1,510 | 2,065 | 2,549 | 3,256 | 4,234 | 5,735 | 6,721 | 8,829 | 10,837 | 13,009 | 15,793 | 17,206 | |
| CWIP | 78 | 92 | 82 | 153 | 147 | 377 | 362 | 1,006 | 1,073 | 829 | 930 | 1,091 | 1,519 |
| Investments | 17 | 17 | 30 | 37 | 181 | 212 | 287 | 402 | 532 | 977 | 1,071 | 1,255 | 1,355 |
| 527 | 730 | 905 | 3,064 | 2,028 | 2,175 | 5,699 | 5,517 | 4,970 | 5,601 | 6,556 | 6,753 | 7,470 | |
| Total Assets | 1,791 | 2,348 | 3,082 | 5,802 | 5,612 | 6,998 | 12,084 | 13,646 | 15,404 | 18,244 | 21,566 | 24,891 | 27,549 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 206 | 207 | 425 | 449 | 723 | 853 | 1,287 | 1,385 | 1,315 | 2,678 | 2,743 | 2,597 | |
| -266 | -461 | -625 | -2,475 | 432 | -998 | -4,700 | -1,155 | -1,292 | -2,442 | -2,584 | -2,322 | |
| 53 | 238 | 196 | 2,024 | -1,122 | 201 | 3,384 | -140 | -121 | -132 | -87 | -204 | |
| Net Cash Flow | -8 | -16 | -3 | -2 | 34 | 56 | -29 | 90 | -98 | 103 | 72 | 71 |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 1 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 3 | 2 |
| Inventory Days | 33 | 35 | 33 | 34 | 33 | 34 | 33 | 39 | 36 | 31 | 32 | 35 |
| Days Payable | 12 | 9 | 10 | 10 | 9 | 10 | 8 | 10 | 7 | 7 | 8 | 7 |
| Cash Conversion Cycle | 22 | 27 | 23 | 25 | 25 | 25 | 26 | 30 | 32 | 26 | 27 | 30 |
| Working Capital Days | 6 | 12 | 7 | 5 | 16 | 11 | 22 | 22 | 24 | 21 | 26 | 24 |
| ROCE % | 21% | 21% | 24% | 22% | 24% | 26% | 21% | 13% | 16% | 21% | 20% | 18% |
Documents
Announcements
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Store Opening Intimation
28 Nov - Opened new store at YSR Kadapa, Andhra Pradesh on 28 Nov 2025; total stores 439.
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Store Opening Intimation
14 Nov - Opened new DMart store at Bhiwadi; total stores 438 as of 14 Nov 2025.
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Store Opening Intimation
7 Nov - New store opened at Greamspet, Chittoor on 7 Nov 2025; total stores 437.
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Store Opening Intimation
4 Nov - Opened new store in Baran, Rajasthan on Nov 4, 2025; total stores 436.
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Store Opening Intimation
1 Nov - Opened new Halol (Panchmahal, Gujarat) store on 1 Nov 2025; total stores 435.
Annual reports
Concalls
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Oct 2025TranscriptAI SummaryPPT
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Aug 2025Transcript PPT
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Jul 2025TranscriptAI SummaryPPT
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May 2025TranscriptAI SummaryPPT
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Jan 2025TranscriptAI SummaryPPT
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Oct 2024TranscriptAI SummaryPPT
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Aug 2024TranscriptPPT
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Jul 2024TranscriptPPTREC
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Jul 2024TranscriptAI SummaryPPT REC
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May 2024TranscriptAI SummaryPPT
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Oct 2023TranscriptAI SummaryPPT
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Aug 2023TranscriptPPT
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Aug 2023Transcript PPT
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May 2023TranscriptAI SummaryPPT
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Oct 2022TranscriptAI SummaryPPT
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Aug 2022Transcript PPT
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Jul 2021Transcript PPT
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Aug 2020Transcript PPT
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Jan 2020TranscriptAI SummaryPPT
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Jun 2019Transcript PPT
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Jun 2018TranscriptAI SummaryPPT
Business Overview
The company operates the DMart retail chain, first launched in Mumbai in 2002. It follows the "Everyday Low Cost - Everyday Low Price" strategy, focusing on competitive procurement, operational efficiency, and cost-effective distribution to offer value-for-money pricing to customers.[1] [2]