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 214,912 Cr.
  • Current Price 3,318
  • High / Low 3,397 / 1,900
  • Stock P/E 195
  • Book Value 188
  • Dividend Yield 0.00 %
  • ROCE 12.7 %
  • ROE 9.45 %
  • Face Value 10.0

Pros

  • Company is almost debt free.

Cons

  • Stock is trading at 17.64 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 13.16% for last 3 years.

Peer comparison

Sector: Retail Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
4,576 4,893 5,474 5,062 5,815 5,991 6,809 6,256 3,883 5,306 7,542 7,412
4,153 4,505 5,025 4,689 5,218 5,473 6,212 5,839 3,771 4,977 6,853 6,799
Operating Profit 423 388 450 372 597 517 597 417 112 330 689 613
OPM % 9% 8% 8% 7% 10% 9% 9% 7% 3% 6% 9% 8%
Other Income 14 14 8 13 11 8 6 35 51 52 45 48
Interest 10 10 15 12 18 19 18 14 9 9 11 12
Depreciation 43 48 56 66 83 92 95 105 95 101 114 105
Profit before tax 383 344 387 308 507 415 490 333 59 272 609 544
Tax % 36% 36% 36% 38% 36% 22% 22% 19% 32% 27% 27% 24%
Net Profit 245 219 247 192 323 323 384 271 40 199 447 414
EPS in Rs 3.93 3.50 3.96 3.07 5.18 5.17 6.12 4.19 0.62 3.07 6.90 6.39

Profit & Loss

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
2,209 3,341 4,686 6,439 8,584 11,898 15,033 20,005 24,870 24,143
2,071 3,126 4,345 5,981 7,920 10,929 13,680 18,371 22,742 22,400
Operating Profit 138 215 342 458 664 968 1,353 1,633 2,128 1,743
OPM % 6% 6% 7% 7% 8% 8% 9% 8% 9% 7%
Other Income 14 14 16 18 18 29 88 48 60 196
Interest 26 43 56 72 91 122 60 47 69 42
Depreciation 37 46 57 82 98 128 159 212 374 414
Profit before tax 89 141 245 323 492 747 1,222 1,422 1,745 1,483
Tax % 32% 34% 34% 34% 35% 36% 34% 37% 25% 26%
Net Profit 60 94 161 212 320 479 806 903 1,301 1,099
EPS in Rs 1.13 1.73 2.95 3.77 5.70 7.67 12.92 14.46 20.09 16.97
Dividend Payout % 0% 0% 0% 0% 0% 0% 0% 0% 0% 0%
Compounded Sales Growth
10 Years:%
5 Years:23%
3 Years:17%
TTM:-3%
Compounded Profit Growth
10 Years:%
5 Years:28%
3 Years:12%
TTM:-15%
Stock Price CAGR
10 Years:%
5 Years:%
3 Years:30%
1 Year:40%
Return on Equity
10 Years:%
5 Years:14%
3 Years:13%
Last Year:9%

Balance Sheet

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
534 544 547 562 562 624 624 624 648 648
Reserves 148 245 409 638 959 3,218 4,045 4,963 10,432 11,536
Borrowings 381 526 641 904 1,192 1,497 439 700 333 393
128 176 211 251 389 480 540 718 663 1,080
Total Liabilities 1,191 1,492 1,808 2,355 3,102 5,819 5,648 7,006 12,076 13,656
779 925 1,172 1,528 2,094 2,578 3,400 4,400 5,948 7,009
CWIP 85 118 89 98 82 153 147 377 364 1,020
Investments 23 16 16 15 29 26 68 17 15 3
304 433 532 713 897 3,063 2,033 2,212 5,749 5,625
Total Assets 1,191 1,492 1,808 2,355 3,102 5,819 5,648 7,006 12,076 13,656

Cash Flows

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
65 127 198 222 433 455 730 807 1,280 1,375
-129 -231 -270 -474 -633 -2,482 464 -958 -4,657 -1,110
93 118 65 234 196 2,025 -1,159 209 3,357 -180
Net Cash Flow 30 14 -7 -17 -3 -1 34 57 -19 86

Ratios

Consolidated Figures in Rs. Crores / View Standalone

Mar 2012 Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021
ROCE % 15% 21% 21% 24% 21% 24% 26% 20% 13%
Debtor Days 1 1 1 0 0 1 1 1 0 1
Inventory Turnover 12.26 12.31 12.08 12.19 12.57 12.08 12.38 11.97 9.80

Shareholding Pattern

Numbers in percentages

Jun 2018 Sep 2018 Dec 2018 Mar 2019 Jun 2019 Sep 2019 Dec 2019 Mar 2020 Jun 2020 Sep 2020 Dec 2020 Mar 2021
81.20 81.20 81.20 81.20 81.20 80.21 79.73 74.99 74.99 74.99 74.99 74.99
5.45 5.49 5.86 5.91 5.47 6.03 6.21 9.62 10.42 10.27 10.09 10.17
3.01 3.00 3.09 3.20 3.57 4.80 4.72 6.56 5.98 6.11 6.71 6.58
10.34 10.30 9.84 9.68 9.75 8.96 9.34 8.83 8.61 8.63 8.21 8.26

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