Avenue Supermarts Ltd

Avenue Supermarts Ltd

₹ 3,840 -0.27%
27 Feb 4:01 p.m.
About

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]

Key Points

Store Network[1][2]
As of Dec,23 Co. operates 341 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.

  • Market Cap 2,49,882 Cr.
  • Current Price 3,840
  • High / Low 4,206 / 3,292
  • Stock P/E 103
  • 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 14.4 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.

Peer comparison

Sector: Retail Industry: Trading

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Quarterly Results

Consolidated Figures in Rs. Crores / View Standalone

Dec 2020 Mar 2021 Jun 2021 Sep 2021 Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023
7,542 7,412 5,183 7,789 9,218 8,786 10,038 10,638 11,569 10,594 11,865 12,624 13,572
6,853 6,799 4,959 7,120 8,351 8,047 9,030 9,746 10,604 9,823 10,830 11,619 12,453
Operating Profit 689 613 224 669 866 739 1,008 892 965 772 1,035 1,005 1,120
OPM % 9% 8% 4% 9% 9% 8% 10% 8% 8% 7% 9% 8% 8%
45 48 31 28 26 33 29 36 32 33 39 37 33
Interest 11 12 11 12 14 17 17 18 17 16 15 16 15
Depreciation 114 105 107 116 128 146 145 162 168 164 162 174 189
Profit before tax 609 544 137 568 750 609 875 748 812 625 897 852 949
Tax % 27% 24% 31% 26% 26% 30% 27% 8% 27% 26% 27% 27% 27%
447 414 95 418 553 427 643 686 590 460 659 623 690
EPS in Rs 6.90 6.39 1.47 6.45 8.53 6.59 9.93 10.59 9.10 7.10 10.12 9.58 10.61
Raw PDF

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: 21%
3 Years: 9%
1 Year: 10%
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%

Shareholding Pattern

Numbers in percentages

80 Recently
Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023
74.99% 74.99% 74.99% 74.99% 74.99% 74.99% 74.98% 74.98% 74.93% 74.64% 74.64% 74.64%
10.17% 10.04% 9.95% 9.44% 8.83% 8.59% 8.72% 8.63% 8.17% 8.17% 7.67% 7.96%
6.58% 6.71% 6.78% 6.74% 6.77% 6.88% 7.04% 7.11% 7.49% 7.66% 8.25% 8.45%
0.00% 0.00% 0.00% 0.00% 0.00% 0.02% 0.03% 0.03% 0.03% 0.04% 0.04% 0.06%
8.26% 8.26% 8.29% 8.83% 9.42% 9.52% 9.23% 9.24% 9.37% 9.49% 9.41% 8.87%
No. of Shareholders 3,06,9953,45,5154,03,1335,94,5617,42,4937,93,5377,47,1997,63,4388,35,8508,13,2458,15,5627,40,037

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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