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 ₹ 2,51,642 Cr.
- Current Price ₹ 3,867
- High / Low ₹ 4,950 / 3,529
- Stock P/E 80.6
- 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 27.0% of last 10 years
Cons
- Stock is trading at 10.6 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 | 64,226 | |
| 4,346 | 5,983 | 7,918 | 10,917 | 13,672 | 18,274 | 22,553 | 22,044 | 27,849 | 38,172 | 45,432 | 53,246 | 59,220 | |
| Operating Profit | 335 | 450 | 657 | 964 | 1,337 | 1,642 | 2,122 | 1,743 | 2,504 | 3,661 | 4,101 | 4,544 | 5,005 |
| 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 | 136 | |
| Interest | 55 | 72 | 91 | 122 | 59 | 47 | 63 | 34 | 40 | 48 | 44 | 58 | 108 |
| Depreciation | 56 | 81 | 97 | 126 | 155 | 199 | 340 | 371 | 421 | 543 | 633 | 776 | 895 |
| Profit before tax | 242 | 321 | 488 | 747 | 1,196 | 1,448 | 1,783 | 1,545 | 2,182 | 3,231 | 3,611 | 3,883 | 4,139 |
| 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 | 3,119 | |
| 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 | 47.92 |
| 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: | 15% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 30% |
| 5 Years: | 17% |
| 3 Years: | 22% |
| TTM: | 7% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 5% |
| 3 Years: | 5% |
| 1 Year: | -1% |
| 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% |
Insights
In beta| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Like For Like (LFL) Growth (>24 Months) Percentage |
|
||||||||||
| Number of Stores Number |
|||||||||||
| Retail Business Area Million Square Feet |
|||||||||||
| Revenue from Sales per Retail Business Area sq ft INR |
|||||||||||
| Total Bill Cuts Crores |
|||||||||||
| Fixed Assets Turnover Times |
|||||||||||
| DMart Ready Cities Coverage Number |
|||||||||||
Documents
Announcements
-
Disclosure Under Regulation 30(5) Of SEBI (LODR) Regulations, 2015
14 Mar - Avenue Supermarts authorizes Asawa, Baheti, Ashu Gupta to disclose material information effective 1 April 2026.
-
Announcement under Regulation 30 (LODR)-Change in Management
14 Mar - Ms. Kalpana Unadkat appointed Chairperson effective 1 April 2026; Mr. C. Bhave to cease March 31, 2026.
-
Vesting Of Stock Options
14 Mar - 15,12,909 ESOPs vested at Rs.299; exercise deadline 13 June 2026.
-
Store Opening Intimation
12 Mar - Opened two stores (Bavdhan, Pune; Chilakaluripeta, Andhra Pradesh); total stores 463.
-
Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015
11 Mar - Ghaziabad officer fined company Rs.100,000 (order received 10 Mar 2026) for alleged substandard product.
Annual reports
Concalls
-
Jan 2026TranscriptAI SummaryPPT
-
Oct 2025TranscriptAI SummaryPPT
-
Aug 2025Transcript PPT
-
Jul 2025TranscriptAI SummaryPPT
-
May 2025TranscriptAI SummaryPPT
-
Jan 2025TranscriptAI SummaryPPT
-
Oct 2024TranscriptAI SummaryPPT
-
Aug 2024TranscriptPPT
-
Jul 2024TranscriptPPTREC
-
Jul 2024TranscriptAI SummaryPPT REC
-
May 2024TranscriptAI SummaryPPT
-
Oct 2023TranscriptAI SummaryPPT
-
Aug 2023TranscriptPPT
-
Aug 2023Transcript PPT
-
May 2023TranscriptAI SummaryPPT
-
Oct 2022TranscriptAI SummaryPPT
-
Aug 2022Transcript PPT
-
Jul 2021Transcript PPT
-
Aug 2020Transcript PPT
-
Jan 2020TranscriptAI SummaryPPT
-
Jun 2019Transcript PPT
-
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]