Avenue Supermarts Ltd Stock Analysis

BSE: 540376 | NSE: DMART | Retailing | Large Cap

BSE Share Price 02-Dec-2022 18:01
4003.50 -37.65 (-0.93%)

DeciZen - Make an Informed Decision on Avenue Supermarts

Overall Rating

1. Quality

2. Valuation

Fair

3. Price Trend

Semi Strong

Avenue Supermarts Price Chart

P/E Ratio (SA) :
105.32
Market Cap :
2,59,336.6 Cr.
52-wk low :
3,185.1
52-wk high :
4,875.2
Bole Toh?

1. Is Avenue Supermarts Ltd a good quality company?

Past 10 year's financial track record analysis by Moneyworks4me indicates that Avenue Supermarts Ltd is a good quality company.

2. Is Avenue Supermarts Ltd undervalued or overvalued?

The key valuation ratios of Avenue Supermarts Ltd's currently when compared to its past seem to suggest it is in the Fair zone.

3. Is Avenue Supermarts Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Semi Strong which suggest that the price of Avenue Supermarts Ltd is likely to Rise-somewhat in the short term. However, please check the rating on Quality and Valuation before investing.

10 Year X-Ray of Avenue Supermarts:

Analysis of Financial Track Record

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end
Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Avenue Supermarts Ltd has performed well in majority of the past ten years indicating its past ten year financial track record is very good

Value Creation

Value Creation Index Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
ROCE % 10.3%13.7%14.2%16%14.1%15.6%16.8%15.8%10.1%12.5%-
Value Creation Index -0.10.20.30.40.00.40.50.4-0.10.1-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 3,3354,6816,4348,57511,88115,00919,91624,67523,78730,35337,863
YoY Gr. Rt. %-40.4%37.5%33.3%38.6%26.3%32.7%23.9%-3.6%27.6%-
Adj EPS 1.72.93.75.67.712.414.820.617.924.938
YoY Gr. Rt. %-72.2%28.5%50.8%35.8%61.4%19.8%39.2%-13.2%39.2%-
BVPS (₹) 14.517.421.326.961.57489171.5189.5214.4236.7
Adj Net Profit 92.21592103174787719241,3361,1601,6142,462
Cash Flow from Ops. 1282062074254497238531,2871,3851,315-
Debt/CF from Ops. 4.134.32.83.30.60.8000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 27.8%20.6%15.1%27.6%
Adj EPS 34.8%26.6%18.9%39.2%
BVPS 34.928.43413.1
Share Price - 28.4% 29.6% -16.6%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'13Mar'14Mar'15Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22TTM
Return on Equity % 12.618.419.623.417.918.218.1169.912.316.9
Op. Profit Mgn % 6.37.27.17.78.18.98.38.67.38.39.3
Net Profit Mgn % 2.83.43.33.745.14.65.44.95.36.5
Debt to Equity 0.70.70.70.80.40.10.10000
Working Cap Days 3333333129292951684846
Cash Conv. Cycle 1416181616161617212134

Recent Performance Summary

Return on Equity has increased versus last 3 years average to 16.90%

Net Profit is growing at healthy rate in last 3 years 18.92%

Sales growth is good in last 4 quarters at 42.61%

Sales growth has been subdued in last 3 years 0.00%

Latest Financials - Avenue Supermarts Ltd.

Standalone Consolidated
TTM EPS (₹) 38 35.6
TTM Sales (₹ Cr.) 37,863 38,681
BVPS (₹.) 236.7 231.6
Reserves (₹ Cr.) 14,685 14,358
P/BV 16.91 17.27
PE 105.32 112.29
From the Market
52 Week Low / High (₹) 3185.10 / 4875.20
All Time Low / High (₹) 558.75 / 5899.90
Market Cap (₹ Cr.) 2,59,337
Equity (₹ Cr.) 647.8
Face Value (₹) 10
Industry PE 91.7

Management X-Ray of Avenue Supermarts :

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Event Update

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Analyst's Notes

Key Ratios of Avenue Supermarts

Adj EPS (Rs.)
Sales (Cr.)
ROE (%)
ROCE (%)

News

Avenue Supermarts Ltd FAQs

Company share prices are keep on changing according to the market conditions. The closing price of Avenue Supermarts on 02-Dec-2022 18:01 is : 4,003.5.
Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 02-Dec-2022 18:01 the market cap of Avenue Supermarts stood at ₹ 2,59,336.6.
The latest PE ratio of Avenue Supermarts as of 02-Dec-2022 18:01 is 105.3.
The latest PB ratio of Avenue Supermarts as of 02-Dec-2022 18:01 is 16.91
The 52-week high of Avenue Supermarts is ₹ 4,875.2 and the 52-week low is ₹ 3,185.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue / sales of Avenue Supermarts is ₹ 37,863 ( Cr.) .

About Avenue Supermarts Ltd

Avenue Supermarts incorporated in year in 2002 is Mumbai based supermarket chain D-Mart. The company is among the largest and the most profitable F&G retailer in India. It offers a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories. It has many stores located across several cities in India. The company operates and manages all its stores. It also operates distribution centres and packing centres which form the backbone of the supply chain to support its retail store network.

Business area of the company

The company operates and manages all their stores. They operate predominantly on an ownership model (including long-term lease arrangements, where lease period is more than 30 years and the building is owned by it) rather than on a rental model. The company opens new stores using a cluster approach on the basis of adjacencies and focusing on an efficient supply chain, targeting densely-populated residential areas with a majority of lower-middle, middle and aspiring upper-middle class consumers. The company operates distribution centres and packing centres which form the backbone of the supply chain to support the retail store network.

The key product categories:

  • Foods: Groceries, staples, processed foods, dairy, frozen products, beverages & confectionery and fruits & vegetables.
  • Non Foods (FMCG): Home care products, personal care products, toiletries and other over-the-counter products.
  • General Merchandise & Apparel: Bed & bath, toys & games, crockery, plastic goods, garments, footwear, utensils and home appliances.

Major events and milestones

  • 2001: The Company was incorporated as Avenue Supermarts.
  • 2003: The Company opened its first store in Powai, Mumbai.
  • 2005: The Company entered into a scheme of amalgamation for transfer of undertakings of Koop Consumer Services, Amodini Real Estates and Shoppers Delight to the company.
  • 2007: The Company opened its first store in Gujarat.2010 The store count of the Company increased to 25 stores and their audited consolidated revenues exceeded Rs 10,000 million.
  • 2011: The Company opened stores in Andhra Pradesh and Karnataka.
  • 2012: The Company was converted from a private company to a public company and the name of the Company changed to Avenue Supermarts.
  • 2012: The store count of their Company increased to 50 stores.
  • 2014: The store count of their Company increased to 75 stores.
  • 2015: The Company opened stores in Madhya Pradesh and Chattisgarh. The audited consolidated revenues of their Company exceeded Rs 50,000 million.
  • 2016: The Company opened 21 stores, highest in any financial year. The store count of their Company increased to 110 and their consolidated revenues exceeded Rs 75,000 million.
  • 2017 : The Company opened a store in the National Capital Region.
  • 2018: The company has incorporated wholly owned subsidiary named ‘Reflect Wholesale and Retail’.
  • 2020: The company converts two stores into fulfilment centres for e-commerce business.
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