Avenue Supermarts Ltd

About [ edit ]

Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.(Source : 202003-01 Annual Report Page No:111)

Key Points [ edit ]
  • Market Cap 226,773 Cr.
  • Current Price 3,501
  • High / Low 3,535 / 1,949
  • Stock P/E 184
  • Book Value 190
  • Dividend Yield 0.00 %
  • ROCE 13.2 %
  • ROE 9.94 %
  • Face Value 10.0

Pros

  • Company is almost debt free.
  • Company's median sales growth is 33.29% of last 10 years

Cons

  • Stock is trading at 18.43 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 13.63% for last 3 years.

Peer comparison

Sector: Retail Industry: Trading

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
4,873 5,451 5,033 5,781 5,949 6,752 6,194 3,833 5,218 7,433 7,303 5,032
4,483 4,998 4,657 5,185 5,434 6,159 5,776 3,724 4,893 6,741 6,687 4,811
Operating Profit 390 453 377 596 515 593 418 109 325 691 617 221
OPM % 8% 8% 7% 10% 9% 9% 7% 3% 6% 9% 8% 4%
Other Income 14 9 15 12 9 7 36 51 56 49 53 36
Interest 10 15 12 17 18 16 12 8 8 9 10 8
Depreciation 44 52 62 75 83 87 95 86 90 100 95 93
Profit before tax 349 395 317 516 423 497 346 67 282 632 564 156
Tax % 35% 35% 36% 35% 21% 21% 17% 26% 25% 26% 23% 26%
Net Profit 226 257 203 335 333 394 287 50 211 470 435 115
EPS in Rs 3.62 4.12 3.25 5.37 5.34 6.28 4.43 0.77 3.25 7.26 6.71 1.78

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 TTM
1,035 1,582 2,203 3,335 4,681 6,434 8,575 11,881 15,009 19,916 24,675 23,787 24,986
978 1,486 2,068 3,124 4,345 5,981 7,919 10,917 13,672 18,274 22,553 22,045 23,132
Operating Profit 56 96 135 211 335 452 657 964 1,337 1,642 2,122 1,742 1,854
OPM % 5% 6% 6% 6% 7% 7% 8% 8% 9% 8% 9% 7% 7%
Other Income 10 13 16 17 19 21 20 31 73 51 63 209 194
Interest 13 19 26 42 55 72 91 122 59 47 63 34 35
Depreciation 22 30 37 46 56 81 97 126 155 199 340 371 378
Profit before tax 32 60 87 139 242 321 488 747 1,196 1,448 1,783 1,545 1,635
Tax % 34% 32% 32% 33% 34% 34% 35% 35% 34% 35% 24% 25%
Net Profit 21 41 59 93 160 211 318 483 785 936 1,350 1,165 1,231
EPS in Rs 0.56 0.82 1.11 1.70 2.92 3.75 5.66 7.73 12.57 15.00 20.84 17.99 19.00
Dividend Payout % -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0% -0%
Compounded Sales Growth
10 Years:31%
5 Years:23%
3 Years:17%
TTM:10%
Compounded Profit Growth
10 Years:40%
5 Years:30%
3 Years:15%
TTM:16%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:28%
1 Year:70%
Return on Equity
10 Years:15%
5 Years:15%
3 Years:14%
Last Year:10%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
381 506 534 544 547 562 562 624 624 624 648 648
Reserves 37 79 146 242 404 631 950 3,213 4,019 4,970 10,488 11,658
Borrowings 183 299 381 525 624 888 1,177 1,481 439 695 280 296
78 117 127 180 217 267 392 484 531 708 668 1,046
Total Liabilities 679 1,000 1,187 1,490 1,791 2,348 3,082 5,802 5,612 6,998 12,084 13,646
504 619 779 922 1,169 1,510 2,065 2,549 3,256 4,234 5,735 6,721
CWIP 40 114 74 107 78 92 82 153 147 377 362 1,006
Investments 22 65 24 20 17 17 30 37 181 212 287 402
113 202 310 441 527 730 905 3,064 2,028 2,175 5,699 5,517
Total Assets 679 1,000 1,187 1,490 1,791 2,348 3,082 5,802 5,612 6,998 12,084 13,646

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
34 47 60 128 206 207 425 449 723 853 1,287 1,385
-160 -263 -127 -232 -266 -461 -625 -2,475 432 -998 -4,700 -1,155
133 223 95 118 53 238 196 2,024 -1,122 201 3,384 -140
Net Cash Flow 7 6 29 14 -8 -16 -3 -2 34 56 -29 90

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2010 Mar 2011 Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 9% 11% 12% 15% 21% 21% 24% 22% 24% 26% 21% 13%
Debtor Days 1 2 1 1 1 0 0 1 1 1 1 1
Inventory Turnover 15.18 14.50 12.61 13.10 13.01 12.44 12.42 12.80 12.28 12.58 12.16 10.07

Shareholding Pattern

Numbers in percentages

Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021 Jun 2021
81.20 81.20 81.20 81.20 80.21 79.73 74.99 74.99 74.99 74.99 74.99 74.99
5.49 5.86 5.91 5.47 6.03 6.21 9.62 10.42 10.27 10.09 10.17 10.04
3.00 3.09 3.20 3.57 4.80 4.72 6.56 5.98 6.11 6.71 6.58 6.71
10.30 9.84 9.68 9.75 8.96 9.34 8.83 8.61 8.63 8.21 8.26 8.26

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