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 ₹ 2,94,496 Cr.
- Current Price ₹ 4,526
- High / Low ₹ 4,563 / 3,325
- Stock P/E 121
- Book Value ₹ 268
- Dividend Yield 0.00 %
- ROCE 20.1 %
- ROE 16.0 %
- Face Value ₹ 10.0
Pros
- Company is almost debt free.
- Company has delivered good profit growth of 24.5% CAGR over last 5 years
- Company's median sales growth is 33.1% of last 10 years
Cons
- Stock is trading at 16.9 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 12.6% 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.
Quarterly Results
Consolidated Figures in Rs. Crores / View Standalone
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 | Mar 2022 | Mar 2023 | TTM | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
2,209 | 3,341 | 4,686 | 6,439 | 8,584 | 11,898 | 15,033 | 20,005 | 24,870 | 24,143 | 30,976 | 42,840 | 48,656 | |
2,071 | 3,126 | 4,345 | 5,983 | 7,919 | 10,929 | 13,680 | 18,371 | 22,742 | 22,398 | 28,474 | 39,201 | 44,725 | |
Operating Profit | 138 | 215 | 341 | 456 | 664 | 969 | 1,353 | 1,633 | 2,128 | 1,745 | 2,502 | 3,639 | 3,932 |
OPM % | 6% | 6% | 7% | 7% | 8% | 8% | 9% | 8% | 9% | 7% | 8% | 8% | 8% |
14 | 15 | 16 | 20 | 17 | 28 | 88 | 48 | 60 | 194 | 114 | 128 | 142 | |
Interest | 26 | 43 | 56 | 72 | 91 | 122 | 60 | 47 | 69 | 42 | 54 | 67 | 60 |
Depreciation | 37 | 46 | 57 | 82 | 98 | 128 | 159 | 212 | 374 | 414 | 498 | 639 | 690 |
Profit before tax | 89 | 141 | 245 | 323 | 492 | 747 | 1,222 | 1,422 | 1,745 | 1,483 | 2,064 | 3,060 | 3,323 |
Tax % | 32% | 34% | 34% | 34% | 35% | 36% | 34% | 37% | 25% | 26% | 28% | 22% | |
60 | 94 | 161 | 212 | 320 | 479 | 806 | 902 | 1,301 | 1,099 | 1,492 | 2,378 | 2,433 | |
EPS in Rs | 1.13 | 1.73 | 2.95 | 3.77 | 5.70 | 7.67 | 12.92 | 14.46 | 20.09 | 16.97 | 23.04 | 36.69 | 37.41 |
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: | 20% |
TTM: | 19% |
Compounded Profit Growth | |
---|---|
10 Years: | 38% |
5 Years: | 25% |
3 Years: | 22% |
TTM: | 4% |
Stock Price CAGR | |
---|---|
10 Years: | % |
5 Years: | 25% |
3 Years: | 17% |
1 Year: | 36% |
Return on Equity | |
---|---|
10 Years: | 14% |
5 Years: | 14% |
3 Years: | 13% |
Last Year: | 16% |
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 | Mar 2022 | Mar 2023 | Sep 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Equity Capital | 534 | 544 | 547 | 562 | 562 | 624 | 624 | 624 | 648 | 648 | 648 | 648 | 651 |
Reserves | 148 | 245 | 409 | 638 | 959 | 3,218 | 4,045 | 4,963 | 10,432 | 11,536 | 13,030 | 15,430 | 16,779 |
381 | 526 | 641 | 904 | 1,192 | 1,497 | 439 | 700 | 333 | 393 | 647 | 643 | 630 | |
128 | 176 | 211 | 251 | 389 | 480 | 540 | 718 | 663 | 1,079 | 1,146 | 1,383 | 1,527 | |
Total Liabilities | 1,191 | 1,492 | 1,808 | 2,355 | 3,102 | 5,819 | 5,648 | 7,006 | 12,076 | 13,655 | 15,471 | 18,105 | 19,587 |
779 | 925 | 1,172 | 1,528 | 2,094 | 2,578 | 3,400 | 4,400 | 5,948 | 7,009 | 9,260 | 11,340 | 12,012 | |
CWIP | 85 | 118 | 89 | 98 | 82 | 153 | 147 | 377 | 364 | 1,020 | 1,129 | 829 | 1,021 |
Investments | 23 | 16 | 16 | 15 | 29 | 26 | 68 | 17 | 15 | 3 | 6 | 202 | 327 |
304 | 433 | 532 | 713 | 897 | 3,063 | 2,033 | 2,212 | 5,749 | 5,624 | 5,076 | 5,733 | 6,227 | |
Total Assets | 1,191 | 1,492 | 1,808 | 2,355 | 3,102 | 5,819 | 5,648 | 7,006 | 12,076 | 13,655 | 15,471 | 18,105 | 19,587 |
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 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
65 | 127 | 198 | 222 | 433 | 455 | 730 | 807 | 1,280 | 1,375 | 1,372 | 2,630 | |
-129 | -231 | -270 | -474 | -633 | -2,482 | 464 | -958 | -4,657 | -1,110 | -1,289 | -2,313 | |
93 | 118 | 65 | 234 | 196 | 2,025 | -1,159 | 209 | 3,357 | -180 | -179 | -205 | |
Net Cash Flow | 30 | 14 | -7 | -17 | -3 | -1 | 34 | 57 | -19 | 86 | -96 | 112 |
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 | Mar 2022 | Mar 2023 | |
---|---|---|---|---|---|---|---|---|---|---|---|---|
Debtor Days | 1 | 1 | 1 | 0 | 0 | 1 | 1 | 1 | 0 | 1 | 1 | 1 |
Inventory Days | 38 | 35 | 35 | 36 | 34 | 34 | 34 | 35 | 34 | 40 | 38 | 33 |
Days Payable | 12 | 12 | 11 | 8 | 10 | 9 | 9 | 10 | 8 | 10 | 8 | 8 |
Cash Conversion Cycle | 26 | 25 | 24 | 28 | 24 | 26 | 25 | 26 | 26 | 30 | 31 | 26 |
Working Capital Days | 19 | 19 | 20 | 22 | 11 | 9 | 16 | 17 | 23 | 24 | 24 | 22 |
ROCE % | 15% | 21% | 21% | 24% | 21% | 24% | 26% | 20% | 13% | 16% | 20% |
Documents
Announcements
- Store Opening Intimation 5h
- Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 1d
- Store Opening Intimation 2d
- Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 21 Mar
- Disclosure Under Regulation 30 Of SEBI (Listing Obligation And Disclosure Requirements) Regulations, 2015 18 Mar
Annual reports
Concalls
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Oct 2023TranscriptNotesPPT
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Aug 2023TranscriptPPT
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Aug 2023Transcript PPT
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May 2023TranscriptNotesPPT
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Oct 2022TranscriptNotesPPT
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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 2020TranscriptNotesPPT
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Jun 2019Transcript PPT
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Jun 2018TranscriptNotesPPT
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.