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 ₹ 2,48,701 Cr.
- Current Price ₹ 3,813
- High / Low ₹ 4,644 / 3,529
- Stock P/E 81.3
- Book Value ₹ 375
- Dividend Yield 0.00 %
- ROCE 17.2 %
- ROE 12.9 %
- Face Value ₹ 10.0
Pros
Cons
- Stock is trading at 10.2 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 13.5% 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
Consumer Discretionary Consumer Services Retailing Diversified Retail
Part of BSE 500 BSE 100 BSE 200 BSE Dollex 200 Nifty Next 50
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
Profit & Loss
Consolidated Figures in Rs. Crores / View Standalone
| 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 6,439 | 8,584 | 11,898 | 15,033 | 20,005 | 24,870 | 24,143 | 30,976 | 42,840 | 50,789 | 59,358 | 68,821 | 71,256 | |
| 5,983 | 7,919 | 10,929 | 13,680 | 18,371 | 22,742 | 22,398 | 28,474 | 39,201 | 46,683 | 54,864 | 63,632 | 65,869 | |
| Operating Profit | 456 | 664 | 969 | 1,353 | 1,633 | 2,128 | 1,745 | 2,502 | 3,639 | 4,106 | 4,495 | 5,189 | 5,387 |
| OPM % | 7% | 8% | 8% | 9% | 8% | 9% | 7% | 8% | 8% | 8% | 8% | 8% | 8% |
| 20 | 17 | 28 | 88 | 48 | 60 | 194 | 114 | 128 | 145 | 117 | 72 | 80 | |
| Interest | 72 | 91 | 122 | 60 | 47 | 69 | 42 | 54 | 67 | 58 | 69 | 142 | 167 |
| Depreciation | 82 | 98 | 128 | 159 | 212 | 374 | 414 | 498 | 639 | 731 | 870 | 1,037 | 1,093 |
| Profit before tax | 323 | 492 | 747 | 1,222 | 1,422 | 1,745 | 1,483 | 2,064 | 3,060 | 3,461 | 3,673 | 4,082 | 4,207 |
| Tax % | 34% | 35% | 36% | 34% | 37% | 25% | 26% | 28% | 22% | 27% | 26% | 27% | |
| 212 | 320 | 479 | 806 | 902 | 1,301 | 1,099 | 1,492 | 2,378 | 2,536 | 2,707 | 2,970 | 3,057 | |
| EPS in Rs | 3.77 | 5.70 | 7.67 | 12.92 | 14.46 | 20.09 | 16.97 | 23.04 | 36.69 | 38.97 | 41.61 | 45.56 | 46.94 |
| 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: | 25% |
| 5 Years: | 22% |
| 3 Years: | 8% |
| TTM: | 13% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | -2% |
| 3 Years: | -1% |
| 1 Year: | -14% |
| Return on Equity | |
|---|---|
| 10 Years: | 14% |
| 5 Years: | 14% |
| 3 Years: | 14% |
| Last Year: | 13% |
Balance Sheet
Consolidated Figures in Rs. Crores / View Standalone
| 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 | 638 | 959 | 3,218 | 4,045 | 4,963 | 10,432 | 11,536 | 13,030 | 15,430 | 18,047 | 20,777 | 23,812 |
| 904 | 1,192 | 1,497 | 439 | 700 | 333 | 393 | 647 | 643 | 592 | 820 | 2,425 | |
| 251 | 389 | 480 | 540 | 718 | 663 | 1,079 | 1,146 | 1,383 | 1,882 | 2,065 | 2,629 | |
| Total Liabilities | 2,355 | 3,102 | 5,819 | 5,648 | 7,006 | 12,076 | 13,655 | 15,471 | 18,105 | 21,172 | 24,313 | 29,518 |
| 1,528 | 2,094 | 2,578 | 3,400 | 4,400 | 5,948 | 7,009 | 9,260 | 11,340 | 13,415 | 16,206 | 20,090 | |
| CWIP | 98 | 82 | 153 | 147 | 377 | 364 | 1,020 | 1,129 | 829 | 935 | 1,099 | 1,300 |
| Investments | 15 | 29 | 26 | 68 | 17 | 15 | 3 | 6 | 202 | 107 | 3 | 4 |
| 713 | 897 | 3,063 | 2,033 | 2,212 | 5,749 | 5,624 | 5,076 | 5,733 | 6,716 | 7,004 | 8,123 | |
| Total Assets | 2,355 | 3,102 | 5,819 | 5,648 | 7,006 | 12,076 | 13,655 | 15,471 | 18,105 | 21,172 | 24,313 | 29,518 |
Cash Flows
Consolidated Figures in Rs. Crores / View Standalone
| Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 222 | 433 | 455 | 730 | 807 | 1,280 | 1,375 | 1,372 | 2,630 | 2,746 | 2,463 | 3,467 | |
| -474 | -633 | -2,482 | 464 | -958 | -4,657 | -1,110 | -1,289 | -2,313 | -2,468 | -2,185 | -4,207 | |
| 234 | 196 | 2,025 | -1,159 | 209 | 3,357 | -180 | -179 | -205 | -148 | -259 | 288 | |
| Net Cash Flow | -17 | -3 | -1 | 34 | 57 | -19 | 86 | -96 | 112 | 130 | 18 | -452 |
| Free Cash Flow | -255 | 435 | -180 | -179 | -602 | -426 | -652 | -1,017 | 424 | 24 | -954 | -646 |
| CFO/OP | 71% | 90% | 74% | 84% | 80% | 83% | 94% | 77% | 92% | 85% | 76% | 87% |
Ratios
Consolidated / View Standalone
| 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 | 0 | 1 | 1 | 1 | 1 | 1 | 1 |
| Inventory Days | 36 | 34 | 34 | 34 | 35 | 34 | 40 | 38 | 33 | 33 | 36 | 37 |
| Days Payable | 8 | 10 | 9 | 9 | 10 | 8 | 10 | 8 | 8 | 8 | 8 | 8 |
| Cash Conversion Cycle | 28 | 24 | 26 | 25 | 26 | 26 | 30 | 31 | 26 | 26 | 30 | 29 |
| Working Capital Days | 22 | 6 | 4 | 16 | 11 | 22 | 23 | 23 | 20 | 25 | 23 | 18 |
| ROCE % | 21% | 24% | 21% | 24% | 26% | 20% | 13% | 16% | 20% | 19% | 18% | 17% |
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 % ・Standalone data |
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| Number of Stores count ・Standalone data |
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| Retail Business Area mn sq ft ・Standalone data |
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| Revenue from Sales per Retail Business Area sq ft INR per sq ft ・Standalone data |
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| Store Additions count ・Standalone data |
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| Total Bill Cuts crores ・Standalone data |
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| Food Share of Revenue % ・Standalone data |
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| DMart Ready Cities count ・Standalone data |
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Extracted by Screener AI
Documents
Announcements
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Board Meeting Intimation for Consideration Of Financial Results
- Board meeting on October 10, 2026 to approve Q2 and half-year unaudited results.
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Allotment Of Commercial Paper
- DMart allotted Rs 500 crore commercial paper at 6.12% for 90 days, maturing 29 December 2026.
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Intimation Of Repayment Of Commercial Paper
- Avenue Supermarts redeemed commercial paper worth Rs. 300 crore on 29 September 2026; outstanding nil.
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Intimation Of Repayment Of Commercial Paper
- Avenue Supermarts redeemed Rs. 200 crore commercial paper on 28 September 2026; outstanding amount now nil.
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Store Opening Intimation
- Opened 3 new stores on 25 September 2026; total store count rises to 518.
Annual reports
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Annual Report 2026
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Annual Report 2025
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Annual Report 2024
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Annual Report 2023
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Annual Report 2022
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Annual Report 2021
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Annual Report 2020
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Annual Report 2019
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Annual Report 2018
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Annual Report 2017
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Concalls
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Aug 2026Transcript PPT REC
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Jul 2026PPT
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May 2026PPT
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Jan 2026PPT
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Oct 2025PPT
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Aug 2025Transcript PPT
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Jul 2025PPT
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May 2025PPT
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Jan 2025PPT
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Oct 2024PPT
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Aug 2024Transcript
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Jul 2024Transcript REC
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Jul 2024PPT REC
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May 2024PPT
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Oct 2023PPT
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Aug 2023Transcript
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Aug 2023Transcript PPT
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May 2023PPT
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Oct 2022PPT
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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 2020PPT
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Jun 2019Transcript PPT
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Jun 2018PPT
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]