Avenue Supermarts Ltd

Avenue Supermarts Ltd

₹ 4,792 -0.18%
24 Apr 2:07 p.m.
About

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]

Key Points

Store Network[1][2]
As of Dec,23 Co. operates 350 stores across 22 cities and one union territory with an 11.8 million square ft retail business area. AVL has its highest presence in Maharashtra with 103 stores and followed by Gujarat with 57 stores and Telangana with 36 stores.

  • Market Cap 3,11,818 Cr.
  • Current Price 4,792
  • High / Low 4,890 / 3,352
  • Stock P/E 120
  • Book Value 275
  • Dividend Yield 0.00 %
  • ROCE 20.9 %
  • ROE 16.8 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company has delivered good profit growth of 27.0% CAGR over last 5 years
  • Company's median sales growth is 32.7% of last 10 years

Cons

  • Stock is trading at 17.5 times its book value
  • Though the company is reporting repeated profits, it is not paying out dividend
  • Company has a low return on equity of 13.3% over last 3 years.

* 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

Sector: Retail Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
7,433 7,303 5,032 7,650 9,065 8,606 9,807 10,385 11,305 10,337 11,584 12,308 13,247
6,741 6,687 4,811 6,979 8,197 7,864 8,799 9,490 10,330 9,555 10,548 11,306 12,126
Operating Profit 691 617 221 670 868 742 1,008 895 974 782 1,036 1,002 1,121
OPM % 9% 8% 4% 9% 10% 9% 10% 9% 9% 8% 9% 8% 8%
49 53 36 33 32 39 37 44 41 42 47 46 44
Interest 9 10 8 9 10 12 12 12 12 13 11 12 11
Depreciation 100 95 93 97 108 123 123 137 142 142 141 151 163
Profit before tax 632 564 156 597 782 646 910 790 861 670 932 885 991
Tax % 26% 23% 26% 25% 25% 28% 25% 8% 26% 25% 25% 26% 26%
470 435 115 449 586 466 680 730 641 505 695 659 737
EPS in Rs 7.26 6.71 1.78 6.93 9.04 7.20 10.49 11.28 9.90 7.79 10.69 10.12 11.32
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
2,203 3,335 4,681 6,434 8,575 11,881 15,009 19,916 24,675 23,787 30,352 41,833 47,477
2,068 3,124 4,346 5,983 7,918 10,917 13,672 18,274 22,553 22,044 27,849 38,172 43,535
Operating Profit 134 210 335 450 657 964 1,337 1,642 2,122 1,743 2,504 3,661 3,941
OPM % 6% 6% 7% 7% 8% 8% 9% 8% 9% 7% 8% 9% 8%
16 17 19 23 19 30 73 51 63 207 139 161 179
Interest 26 42 55 72 91 122 59 47 63 34 40 48 46
Depreciation 37 46 56 81 97 126 155 199 340 371 421 543 596
Profit before tax 87 139 242 321 488 747 1,196 1,448 1,783 1,545 2,182 3,231 3,477
Tax % 32% 33% 34% 34% 35% 35% 34% 35% 24% 25% 26% 21%
59 93 160 211 318 483 785 936 1,350 1,165 1,616 2,556 2,596
EPS in Rs 1.11 1.70 2.92 3.75 5.66 7.73 12.57 15.00 20.84 17.99 24.95 39.43 39.92
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years: 29%
5 Years: 23%
3 Years: 19%
TTM: 18%
Compounded Profit Growth
10 Years: 39%
5 Years: 27%
3 Years: 24%
TTM: 3%
Stock Price CAGR
10 Years: %
5 Years: 30%
3 Years: 21%
1 Year: 39%
Return on Equity
10 Years: 15%
5 Years: 14%
3 Years: 13%
Last Year: 17%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Sep 2023
Equity Capital 534 544 547 562 562 624 624 624 648 648 648 648 651
Reserves 146 242 404 631 950 3,213 4,019 4,970 10,488 11,658 13,276 15,854 17,275
381 525 624 888 1,177 1,481 439 695 280 296 416 439 463
127 180 217 267 392 484 531 708 668 1,046 1,064 1,302 1,437
Total Liabilities 1,187 1,490 1,791 2,348 3,082 5,802 5,612 6,998 12,084 13,646 15,404 18,244 19,826
779 922 1,169 1,510 2,065 2,549 3,256 4,234 5,735 6,721 8,829 10,837 11,548
CWIP 74 107 78 92 82 153 147 377 362 1,006 1,073 829 1,019
Investments 24 20 17 17 30 37 181 212 287 402 532 977 1,149
310 441 527 730 905 3,064 2,028 2,175 5,699 5,517 4,970 5,601 6,110
Total Assets 1,187 1,490 1,791 2,348 3,082 5,802 5,612 6,998 12,084 13,646 15,404 18,244 19,826

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
60 128 206 207 425 449 723 853 1,287 1,385 1,315 2,678
-127 -232 -266 -461 -625 -2,475 432 -998 -4,700 -1,155 -1,292 -2,442
95 118 53 238 196 2,024 -1,122 201 3,384 -140 -121 -132
Net Cash Flow 29 14 -8 -16 -3 -2 34 56 -29 90 -98 103

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Debtor Days 1 1 1 0 0 1 1 1 1 1 3 2
Inventory Days 36 33 33 35 33 34 33 34 33 39 36 31
Days Payable 12 12 12 9 10 10 9 10 8 10 7 7
Cash Conversion Cycle 24 22 22 27 23 25 25 25 26 30 32 26
Working Capital Days 20 19 9 14 11 9 16 17 23 24 25 22
ROCE % 12% 15% 21% 21% 24% 22% 24% 26% 21% 13% 16% 21%

Shareholding Pattern

Numbers in percentages

38 Recently
Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024
74.99% 74.99% 74.99% 74.99% 74.99% 74.98% 74.98% 74.93% 74.64% 74.64% 74.64% 74.64%
10.04% 9.95% 9.44% 8.83% 8.59% 8.72% 8.63% 8.17% 8.17% 7.67% 7.96% 8.26%
6.71% 6.78% 6.74% 6.77% 6.88% 7.04% 7.11% 7.49% 7.66% 8.25% 8.45% 8.51%
0.00% 0.00% 0.00% 0.00% 0.02% 0.03% 0.03% 0.03% 0.04% 0.04% 0.06% 0.06%
8.26% 8.29% 8.83% 9.42% 9.52% 9.23% 9.24% 9.37% 9.49% 9.41% 8.87% 8.50%
No. of Shareholders 3,45,5154,03,1335,94,5617,42,4937,93,5377,47,1997,63,4388,35,8508,13,2458,15,5627,40,0376,84,326

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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Documents

Concalls