SEBI Reg. Investment Advisor

Download App
Help Center Subscribe
Money Works 4 Me Logo MoneyWorks4Me
Talk to Advisor
Login Get Free Account
Sign Up

MoneyWorks4Me

Log In Sign Up Schedule Free 15‑min Call
Login Get Free Account
Sign Up

Avenue Supermarts Ltd (DMART)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540376 NSE: DMART Retailing | Large Cap | Avenue Supermarts Share Price

₹4,017.80 -19.75 (-0.49%)

As on 24-Jul'26 16:59

Avenue Supermarts Ltd (DMART)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 540376 NSE: DMART Retailing | Large Cap | Avenue Supermarts Share Price

₹4,017.80 -19.75 (-0.49%)

As on 24-Jul'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹2,62,059 Cr.
Current Price
₹4,017.8
52-Week Low / High
₹3,529 / 4,916
TTM EPS
₹51.1
TTM Sales
₹69,379 Cr.
Book Value per Share
₹405.6
P/E Ratio
78.70
Lower than its 5-year historical median
Industry PE
68.2
Price to Book (P/B)
9.91
Lower than its 5-year historical median
Price to Sales (P/S)
3.78
Lower than its 5-year historical median
EV/EBITDA
46.92
Lower than its 5-year historical median
Dividend Yield
0%
Profitability Efficiency
Return on Equity (ROE)
13.54%
Underperforms industry median
Return on Capital Employed (ROCE)
18.26%
Underperforms industry median
Return on Assets (ROA)
11.68%
Operating Profit Margin
7.9%
Net Profit Margin
4.81%
Gross Profit Margin
7.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
16.67%
Operating Profit Growth (1 Year)
Improving versus 3-year growth rate
15.68%
Net Profit Growth (1 Year)
Improving versus 3-year growth rate
10.14%
Asset Quality
Promoter Holding
74.48%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹25,804 Cr.
Equity
₹652.3 Cr.
Face Value
₹10
All Time Low / High
₹558.75 / 5899.90

Avenue Supermarts stock performance

Key Ratios
mw4me loader

Check Before You Invest

Check Before You Invest

Quality

Very Good
Check detailed performance

Valuation

Undervalued

Check Valuation charts

Price Trend

Semi Strong
Check Price chart
Q.1 Is Avenue Supermarts Ltd a good quality company?
Avenue Supermarts Ltd is a good quality company, based on a consistently good multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

View More

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

View More
How does Avenue Supermarts Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Avenue Supermarts Ltd vs industry peers?
Avenue Supermarts Ltd revenue CAGR is 18.55%, compared to the industry median CAGR of 37.91%, indicating slower growth and losing its market share.
Q.1 Promoter shareholding and pledge status of Avenue Supermarts Ltd?
Promoters hold 74.48% of the Avenue Supermarts Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Avenue Supermarts Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of 3.32% based on the current price.
View More

DeciZen - make an informed investing decision on Avenue Supermarts

Decision Maker
Standalone basis

1. Right Stock

10 Year X-ray Pro
Long Term Prospect

2. Right Price

Right Price
Price Chart

3. Right Time ⓘ

Right Price
#Likely Future 5 Year CAGR.

10 Year X-Ray :

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 ⓘ

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 ⓘ
Sales ⓘ8,57511,88115,00919,91624,67523,78730,35341,83349,53357,79069,379
Sales YoY Gr.-38.6%26.3%32.7%23.9%-3.6%27.6%37.8%18.4%16.7%-
Adj EPS ⓘ5.67.712.414.820.617.924.939.341.144.751.1
YoY Gr.-35.8%61.4%19.8%39.2%-13.2%39.2%57.8%4.7%8.8%-
BVPS (₹) ⓘ26.961.57489171.5189.5214.4253.9295.8340.7405.6
Adj Net
Profit ⓘ		3174787719241,3361,1601,6142,5482,6772,9113,330
Cash Flow from Ops. ⓘ4254497238531,2871,3851,3152,6782,7432,597-
Debt/CF from Ops. ⓘ2.83.30.60.8000000-

CAGR ⓘ

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%
BVPSⓘ32.6%14.7%16.7%15.2%
Share Price - 3.3% 3.1% 0.6%

Key Financial Parameters ⓘ

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity % ⓘ		23.417.918.218.1169.912.316.8151413.7
Op. Profit
Mgn % ⓘ		7.78.18.98.38.67.38.38.88.37.97.9
Net Profit
Mgn % ⓘ		3.745.14.65.44.95.36.15.454.8
Debt to
Equity ⓘ		0.80.40.10.1000000-
Working Cap
Days ⓘ		3129292951684835343619
Cash Conv.
Cycle ⓘ		1616161617212118182010

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Sales11,88115,00919,91624,67523,78730,35341,83349,53357,79066,968
Operating Expenses ⓘ + 10,91813,67218,27422,55322,04527,85138,17445,43453,24761,713
Manufacturing Costs4254856237978588951,2371,4711,8872,146
Material Costs10,09612,64916,98021,01620,35626,05335,77542,54749,61657,391
Employee Cost 1892773354254955486487861,0131,352
Other Costs ⓘ 207262336315336355514630730824
Operating Profit ⓘ 9641,3371,6422,1221,7422,5023,6594,0994,5435,255
Operating Profit Margin (%) 8.1%8.9%8.2%8.6%7.3%8.2%8.7%8.3%7.9%7.8%
Other Income ⓘ + 31735163209141163189174128
Exceptional Items ⓘ 0000000000
Interest ⓘ 1225947633440484458130
Depreciation ⓘ 126155199340371421543633776935
Profit Before Tax ⓘ 7471,1961,4481,7831,5452,1823,2313,6113,8834,319
Tax ⓘ 2644115114333795666759169561,095
Profit After Tax 4837859361,3501,1651,6162,5562,6952,9273,224
PAT Margin (%) 4.1%5.2%4.7%5.5%4.9%5.3%6.1%5.4%5.1%4.8%
Adjusted EPS (₹)7.712.615.020.818.025.039.441.445.049.5
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Avenue Supermarts - Standalone

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

YTD 1Y 3Y 5Y 10Y Max
mw4me loader

mw4me loader

Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26

Equity and Liabilities

Shareholders Fund + 3,8364,6205,55511,11012,27413,88716,45919,24822,16825,441
Share Capital ⓘ 624624624648648648648651651652
Reserves ⓘ 3,2123,9964,93110,46211,62613,23915,81118,59721,51724,789
Debt +1,104253425400000965
Long Term Debt9812461260000000
Short Term Debt1237299400000965
Minority Interest0000000000
Trade Payables2673164584465665317019531,0041,273
Others Liabilities ⓘ 5964235595258079861,0831,3651,7202,624
Total Liabilities ⓘ 5,8025,6126,99812,08413,64615,40418,24421,56624,89130,304

Fixed Assets

Net Fixed Assets ⓘ +2,5223,2404,2165,7196,6298,73310,75812,93415,72019,569
Gross Block2,7443,6164,7866,6237,89410,40312,95615,72819,23623,978
Accumulated Depreciation2233765709051,2641,6702,1982,7943,5154,410
CWIP ⓘ 1531473773621,0061,0738299301,0911,284
Investments ⓘ 371812122874025329771,0711,2551,607
Inventories9331,1471,5761,9092,1672,5873,0563,7234,8055,630
Trade Receivables2133764972231247393349357
Cash Equivalents 1,881556214921,4322841,373560331266
Others Assets ⓘ 2563083283,6661,9371,9641,0051,9551,3401,591
Total Assets ⓘ 5,8025,6126,99812,08413,64615,40418,24421,56624,89130,304

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Cash Flow From Operating Activity ⓘ + 4497238531,2871,3851,3152,6782,7432,5973,612
PBT ⓘ 7471,1961,4481,7831,5452,1823,2313,6113,8834,319
Adjustment ⓘ 219164220359217335448511695975
Changes in Working Capital ⓘ -263-240-321-373-120-648-301-649-1035-628
Tax Paid ⓘ -254-396-493-482-256-553-700-730-946-1,053
Cash Flow From Investing Activity ⓘ + -2,475432-998-4,700-1,155-1,292-2,442-2,584-2,322-4,425
Capex -633-890-1,369-1,678-1,968-2,282-2,129-2,685-3,346-4,026
Net Investments -211,375109-1131,050-149-209860-499
Others ⓘ -1,821-53361-3,031925-60-164310163100
Cash Flow From Financing Activity ⓘ + 2,024-1,1222013,384-140-121-132-87-204350
Net Proceeds from Shares ⓘ 1,84100110001673037
Net Proceeds from Borrowing ⓘ 45-542134-150000000
Interest Paid ⓘ -120-80-54-91-36-39-48-44-58-129
Dividend Paid ⓘ 0000000000
Others ⓘ 259-4991213,514-104-81-100-115-146442
Net Cash Flow ⓘ -23456-2990-981037271-462

Financial Ratio

PARTICULARSMar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25Mar'26
Ratios
ROE (%)18.0518.5618.416.29.9712.3616.8515.0914.1413.54
ROCE (%)21.724.1426.2921.1413.4516.9421.5520.4318.9918.26
Asset Turnover Ratio2.872.893.472.832.022.292.732.742.732.63
PAT to CFO Conversion(x)0.930.920.910.951.190.811.051.020.891.12
Working Capital Days
Receivable Days0.400.600.900.800.901.701.902.102.101.80
Inventory Days22.802322.7023.5028.6026.1022.4022.7024.5026.30
Payable Days8.508.408.307.909.107.706.307.107.207.20

Management X-Ray

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 (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Avenue Supermarts Ltd FAQs

The current trading price of Avenue Supermarts on 24-Jul-2026 16:59 is ₹4,017.8.

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 23-Jul-2026 the market cap of Avenue Supermarts stood at ₹2,62,059.4 Cr

The latest P/E ratio of Avenue Supermarts as of 23-Jul-2026 is 78.70.

The latest P/B ratio of Avenue Supermarts as of 23-Jul-2026 is 9.91.

The 52-week high of Avenue Supermarts is ₹4,916.3 and the 52-week low is ₹3,528.7.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Avenue Supermarts is ₹69,379 ( Cr.) .

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

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

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.

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.
You have 3 views remaining as a Guest User. To get DeciZen Rating of 3,500+ Stocks based on their Quality, Valuation and Price Trend Login Now
2026 ©The Alchemists Ark Pvt. Ltd. All rights reserved. MoneyWorks4Me® is a registered trademark of The Alchemists Ark Pvt. Ltd.

About MoneyWorks4Me

MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.

Our Vision

To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.

What Makes MoneyWorks4Me Different

Our Approach: Ensuring compounding work its magic on client portfolio.

MoneyWorks4Me ensures this through: