Avenue Supermarts Ltd (DMART) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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

Avenue Supermarts Share Price

3,950.25 37.45 0.96%
as on 05-Dec'25 15:37

Avenue Supermarts Ltd (DMART) Stock Analysis: Valuation, Latest Results, Financial Ratios & DeciZen Rating

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

DeciZen - make an informed investing decision on Avenue Supermarts

Overall Rating
Bole Toh

1. Quality

2. Valuation

Undervalued

3. Price Trend

Avenue Supermarts stock performance -

Key Ratios
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P/E Ratio (SA):
85.42
Market Cap:
2,54,618.8 Cr.
52-wk low:
3,337.1
52-wk high:
4,916.3

Is Avenue Supermarts Ltd an attractive stock to invest in?

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 Undervalued zone.

3. Is Avenue Supermarts Ltd a good buy now?

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Avenue Supermarts Ltd is likely to Fall 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'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 24.2%21.7%24.1%26.3%21.1%13.5%16.9%21.6%20.4%19%-
Value Creation
Index
1.20.61.21.30.90.20.50.90.80.7-

Growth Parameters

Growth Parameters Colour Code Guide

Sales 8,57511,88115,00919,91624,67523,78730,35341,83349,53357,79062,179
Sales YoY Gr.-38.6%26.3%32.7%23.9%-3.6%27.6%37.8%18.4%16.7%-
Adj EPS 5.67.712.414.820.617.924.939.341.144.745.8
YoY Gr.-35.8%61.4%19.8%39.2%-13.2%39.2%57.8%4.7%8.8%-
BVPS (₹) 26.961.57489171.5189.5214.4253.9295.8340.7365.9
Adj Net
Profit
3174787719241,3361,1601,6142,5482,6772,9112,980
Cash Flow from Ops. 4254497238531,2871,3851,3152,6782,7432,597-
Debt/CF from Ops. 2.83.30.60.8000000-

CAGR

CAGR Colour Code Guide

9 Years 5 Years 3 Years 1 Years
Sales 23.6%18.6%23.9%16.7%
Adj EPS 25.9%16.8%21.6%8.8%
BVPS32.6%14.7%16.7%15.2%
Share Price - 10.1% -0.6% 2.2%

Key Financial Parameters

Performance Ratio Colour Code Guide

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
23.417.918.218.1169.912.316.8151413
Op. Profit
Mgn %
7.78.18.98.38.67.38.38.88.37.97.7
Net Profit
Mgn %
3.745.14.65.44.95.36.15.454.8
Debt to
Equity
0.80.40.10.10000000
Working Cap
Days
3129292951684835343619
Cash Conv.
Cycle
1616161617212118182012

Recent Performance Summary

Sales growth is growing at healthy rate in last 3 years 23.94%

Net Profit is growing at healthy rate in last 3 years 21.56%

Sales growth is good in last 4 quarters at 16.45%

Return on Equity has declined versus last 3 years average to 13.00%

Latest Financials - Avenue Supermarts Ltd.

Standalone Consolidated
TTM EPS (₹) 45.8 42
TTM Sales (₹ Cr.) 62,179 63,880
BVPS (₹.) 365.9 351.8
Reserves (₹ Cr.) 23,160 22,239
P/BV 10.69 11.12
PE 85.42 93.18
From the Market
52 Week Low / High (₹) 3337.10 / 4916.30
All Time Low / High (₹) 558.75 / 5899.90
Market Cap (₹ Cr.) 2,54,619
Equity (₹ Cr.) 650.7
Face Value (₹) 10
Industry PE 81.2

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 (%)

Valuation of Avenue Supermarts - Standalone Basis

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Event Update

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Analyst's Notes

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Key Ratios of Avenue Supermarts

Adj EPS (Rs.)

Sales (Cr.)

ROE (%)

ROCE (%)

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales8,57511,88115,00919,91624,67523,78730,35341,83349,53357,790
Operating Expenses 7,91910,91813,67218,27422,55322,04527,85138,17445,43453,247
Manufacturing Costs3154254856237978588951,2371,4711,887
Material Costs7,31410,09612,64916,98021,01620,35626,05335,77542,54749,616
Employee Cost 1461892773354254955486487861,013
Other Costs 143207262336315336355514630730
Operating Profit 6579641,3371,6422,1221,7422,5023,6594,0994,543
Operating Profit Margin (%) 7.7%8.1%8.9%8.2%8.6%7.3%8.2%8.7%8.3%7.9%
Other Income 2031735163209141163189174
Interest 911225947633440484458
Depreciation 97126155199340371421543633776
Exceptional Items 0000000000
Profit Before Tax 4887471,1961,4481,7831,5452,1823,2313,6113,883
Tax 170264411511433379566675916956
Profit After Tax 3184837859361,3501,1651,6162,5562,6952,927
PAT Margin (%) 3.7%4.1%5.2%4.7%5.5%4.9%5.3%6.1%5.4%5.1%
Adjusted EPS (₹)5.77.712.615.020.818.025.039.441.445.0
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund 1,5123,8364,6205,55511,11012,27413,88716,45919,24822,168
Share Capital 562624624624648648648648651651
Reserves 9503,2123,9964,93110,46211,62613,23915,81118,59721,517
Minority Interest0000000000
Debt1,0221,104253425400000
Long Term Debt908981246126000000
Short Term Debt1131237299400000
Trade Payables2002673164584465665317019531,004
Others Liabilities 3475964235595258079861,0831,3651,720
Total Liabilities 3,0825,8025,6126,99812,08413,64615,40418,24421,56624,891

Fixed Assets

Gross Block2,1622,7443,6164,7866,6237,89410,40312,95615,72819,236
Accumulated Depreciation972233765709051,2641,6702,1982,7943,515
Net Fixed Assets 2,0652,5223,2404,2165,7196,6298,73310,75812,93415,720
CWIP 821531473773621,0061,0738299301,091
Investments 16371812122874025329771,0711,255
Inventories6609331,1471,5761,9092,1672,5873,0563,7234,805
Trade Receivables82133764972231247393349
Cash Equivalents 331,881556214921,4322841,373560331
Others Assets 2172563083283,6661,9371,9641,0051,9551,340
Total Assets 3,0825,8025,6126,99812,08413,64615,40418,24421,56624,891

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity 4254497238531,2871,3851,3152,6782,7432,597
PBT 4887471,1961,4481,7831,5452,1823,2313,6113,883
Adjustment 170219164220359217335448511695
Changes in Working Capital -71-263-240-321-373-120-648-301-649-1035
Tax Paid -163-254-396-493-482-256-553-700-730-946
Cash Flow From Investing Activity -625-2,475432-998-4,700-1,155-1,292-2,442-2,584-2,322
Capex -631-633-890-1,369-1,678-1,968-2,282-2,129-2,685-3,346
Net Investments -11-211,375109-1131,050-149-209860
Others 17-1,821-53361-3,031925-60-164310163
Cash Flow From Financing Activity 1962,024-1,1222013,384-140-121-132-87-204
Net Proceeds from Shares 01,841001100016730
Net Proceeds from Borrowing -14745-542134-15000000
Interest Paid -93-120-80-54-91-36-39-48-44-58
Dividend Paid 0000000000
Others 437259-4991213,514-104-81-100-115-146
Net Cash Flow -3-23456-2990-981037271

Finance Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)23.518.0518.5618.416.29.9712.3616.8515.0914.14
ROCE (%)24.1921.724.1426.2921.1413.4516.9421.5520.4318.99
Asset Turnover Ratio3.382.872.893.472.832.022.292.732.742.73
PAT to CFO Conversion(x)1.340.930.920.910.951.190.811.051.020.89
Working Capital Days
Receivable Days0011112222
Inventory Days24232323242926222325
Payable Days8888898677

Avenue Supermarts Ltd Stock News

Avenue Supermarts Ltd FAQs

The current trading price of Avenue Supermarts on 05-Dec-2025 15:37 is ₹3,950.3.
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 04-Dec-2025 the market cap of Avenue Supermarts stood at ₹2,54,618.8.
The latest P/E ratio of Avenue Supermarts as of 04-Dec-2025 is 85.42.
The latest P/B ratio of Avenue Supermarts as of 04-Dec-2025 is 10.69.
The 52-week high of Avenue Supermarts is ₹4,916.3 and the 52-week low is ₹3,337.1.
The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Avenue Supermarts is ₹62,179 ( 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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