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 ₹ 2,61,843 Cr.
- Current Price ₹ 4,015
- High / Low ₹ 4,950 / 3,529
- Stock P/E 78.6
- Book Value ₹ 391
- Dividend Yield 0.00 %
- ROCE 17.5 %
- ROE 13.5 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company's median sales growth is 25.1% of last 10 years
Cons
- Stock is trading at 10.3 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 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,434 | 8,575 | 11,881 | 15,009 | 19,916 | 24,675 | 23,787 | 30,352 | 41,833 | 49,533 | 57,790 | 66,968 | 69,379 | |
| 5,983 | 7,918 | 10,917 | 13,672 | 18,274 | 22,553 | 22,044 | 27,849 | 38,172 | 45,432 | 53,246 | 61,713 | 63,911 | |
| Operating Profit | 450 | 657 | 964 | 1,337 | 1,642 | 2,122 | 1,743 | 2,504 | 3,661 | 4,101 | 4,544 | 5,255 | 5,469 |
| OPM % | 7% | 8% | 8% | 9% | 8% | 9% | 7% | 8% | 9% | 8% | 8% | 8% | 8% |
| 23 | 19 | 30 | 73 | 51 | 63 | 207 | 139 | 161 | 187 | 173 | 128 | 132 | |
| Interest | 72 | 91 | 122 | 59 | 47 | 63 | 34 | 40 | 48 | 44 | 58 | 130 | 154 |
| Depreciation | 81 | 97 | 126 | 155 | 199 | 340 | 371 | 421 | 543 | 633 | 776 | 935 | 987 |
| Profit before tax | 321 | 488 | 747 | 1,196 | 1,448 | 1,783 | 1,545 | 2,182 | 3,231 | 3,611 | 3,883 | 4,318 | 4,459 |
| Tax % | 34% | 35% | 35% | 34% | 35% | 24% | 25% | 26% | 21% | 25% | 25% | 25% | |
| 211 | 318 | 483 | 785 | 936 | 1,350 | 1,165 | 1,616 | 2,556 | 2,695 | 2,927 | 3,224 | 3,330 | |
| EPS in Rs | 3.75 | 5.66 | 7.73 | 12.57 | 15.00 | 20.84 | 17.99 | 24.95 | 39.43 | 41.41 | 44.98 | 49.45 | 51.11 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 23% |
| 5 Years: | 23% |
| 3 Years: | 17% |
| TTM: | 16% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 23% |
| 3 Years: | 8% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 2% |
| 3 Years: | 3% |
| 1 Year: | -4% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 13% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 562 | 562 | 624 | 624 | 624 | 648 | 648 | 648 | 648 | 651 | 651 | 652 |
| Reserves | 631 | 950 | 3,213 | 4,019 | 4,970 | 10,488 | 11,658 | 13,276 | 15,854 | 18,630 | 21,579 | 24,868 |
| 888 | 1,177 | 1,481 | 439 | 695 | 280 | 296 | 416 | 439 | 464 | 693 | 2,267 | |
| 267 | 392 | 484 | 531 | 708 | 668 | 1,046 | 1,064 | 1,302 | 1,822 | 1,969 | 2,518 | |
| Total Liabilities | 2,348 | 3,082 | 5,802 | 5,612 | 6,998 | 12,084 | 13,646 | 15,404 | 18,244 | 21,566 | 24,891 | 30,304 |
| 1,510 | 2,065 | 2,549 | 3,256 | 4,234 | 5,735 | 6,721 | 8,829 | 10,837 | 13,009 | 15,793 | 19,619 | |
| CWIP | 92 | 82 | 153 | 147 | 377 | 362 | 1,006 | 1,073 | 829 | 930 | 1,091 | 1,284 |
| Investments | 17 | 30 | 37 | 181 | 212 | 287 | 402 | 532 | 977 | 1,071 | 1,255 | 1,607 |
| 730 | 905 | 3,064 | 2,028 | 2,175 | 5,699 | 5,517 | 4,970 | 5,601 | 6,556 | 6,753 | 7,794 | |
| Total Assets | 2,348 | 3,082 | 5,802 | 5,612 | 6,998 | 12,084 | 13,646 | 15,404 | 18,244 | 21,566 | 24,891 | 30,304 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 207 | 425 | 449 | 723 | 853 | 1,287 | 1,385 | 1,315 | 2,678 | 2,743 | 2,597 | 3,612 | |
| -461 | -625 | -2,475 | 432 | -998 | -4,700 | -1,155 | -1,292 | -2,442 | -2,584 | -2,322 | -4,425 | |
| 238 | 196 | 2,024 | -1,122 | 201 | 3,384 | -140 | -121 | -132 | -87 | -204 | 350 | |
| Net Cash Flow | -16 | -3 | -2 | 34 | 56 | -29 | 90 | -98 | 103 | 72 | 71 | -462 |
| Free Cash Flow | -257 | 427 | -184 | -167 | -516 | -390 | -582 | -967 | 549 | 58 | -748 | -413 |
| CFO/OP | 68% | 89% | 73% | 84% | 82% | 83% | 94% | 75% | 92% | 85% | 78% | 89% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 3 | 2 | 3 | 2 | 2 |
| Inventory Days | 35 | 33 | 34 | 33 | 34 | 33 | 39 | 36 | 31 | 32 | 35 | 36 |
| Days Payable | 9 | 10 | 10 | 9 | 10 | 8 | 10 | 7 | 7 | 8 | 7 | 8 |
| Cash Conversion Cycle | 27 | 23 | 25 | 25 | 25 | 26 | 30 | 32 | 26 | 27 | 30 | 30 |
| Working Capital Days | 12 | 7 | 5 | 16 | 11 | 22 | 22 | 24 | 21 | 26 | 24 | 18 |
| ROCE % | 21% | 24% | 22% | 24% | 26% | 21% | 13% | 16% | 21% | 20% | 18% | 18% |
Insights
In beta| Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Like-for-Like Growth % |
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| Number of Stores count |
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| Retail Business Area mn sq ft |
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| Revenue from Sales per Retail Business Area sq ft INR per sq ft |
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| Store Additions count |
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| Total Bill Cuts crores |
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| Food Share of Revenue % |
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| DMart Ready Cities count |
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Extracted by Screener AI
Documents
Announcements
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Update On Analyst/ Institutional Investor Meetings
29 Jul - Avenue Supermarts held 29 July 2026 one-on-one meetings with Capital Research, ICICI Prudential MF, and Nippon India MF.
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Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Outcome
28 Jul - Avenue Supermarts held analyst/investor meetings on 28 July 2026 with SBI Mutual Fund and SBI Pension Fund.
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Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
27 Jul - AGM scheduled for 19 August 2026; annual report FY2025-26 and KYC reminder issued.
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Store Opening Intimation
27 Jul - New store opened at Pratapnagar, Udaipur; total stores now 505.
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Announcement under Regulation 30 (LODR)-Investor Presentation
24 Jul - Presentation for Analyst / Investor Meet 2026
Annual reports
Concalls
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Jul 2026TranscriptAI SummaryPPT
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Jul 2026TranscriptAI SummaryPPT
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May 2026TranscriptAI SummaryPPT
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Jan 2026TranscriptAI SummaryPPT
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Oct 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 2024TranscriptPPT 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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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]