Avenue Supermarts Ltd logo

Avenue Supermarts Ltd

DMART NSE

Key Fundamentals

LargecapDiversified RetailRetail
Market Cap
2.6L Cr
Volatility
Moderate
P/E Ratio
83.08
EBITDA
₹5,261 Cr
Return on Equity
12.14%
Debt to Equity
0.1
Book Value
₹375.07
EPS
₹40.74
52W High
₹4,949.5
52W Low
₹3,529

Insights

Beta

AI-extracted from concalls & annual reports · figures as reported, with sources

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40 extracted metrics + investor summaries across FY14–FY26.

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Tapetide Score

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Technical Indicators

Key Insights

Strengths

1
  • Company's median sales growth is 25.3% of last 10 years

Weaknesses

3
  • Stock is trading at 10.4 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 13.5% over last 3 years.

Growth Rate

Revenue Growth
15.82% ↗
Net Income Growth
9.70% ↘
Cash Flow Change
40.75% ↗
ROE
-3.96% ↘
ROCE
-3.07% ↘
EBITDA Margin (Avg.)
-1.42% ↘

AI Analysis — Bull vs Bear

Anthropic anthropic claude-opus-4.6 3d ago
AI opinion · based on fundamentals
Risk medium

Avenue Supermarts (DMart) is a large-cap retailer with a market cap of ₹2,61,720 Cr trading at a PE of 85.3x and PB of 10.66x. The company has delivered a 10-year sales CAGR of 23% and profit CAGR of 25%, though recent growth has moderated with TTM profit growth at 13% and ROE declining to 13%.

Bull Case 8
  • Exceptional long-term sales growth with 10-year compounded sales CAGR of 23%, indicating strong and sustained revenue expansion
  • Median sales growth of 25.3% over the last 10 years demonstrates consistency in top-line performance across market cycles
  • 10-year compounded profit CAGR of 25% shows the company has been able to scale profitably over a long period
  • 5-year compounded sales CAGR of 23% and profit CAGR of 22% indicate that growth momentum sustained even through the pandemic period
  • TTM sales growth of 16% shows continued double-digit revenue expansion in the most recent period
  • Zero debt-to-equity and zero dividend payout suggest the company is reinvesting all profits back into growth while maintaining a clean balance sheet
  • Market cap of ₹2,61,720 Cr reflects institutional confidence and liquidity, reducing execution risk perception
  • Consistent ROE of 14% over 3-year, 5-year, and 10-year periods shows stability in return generation despite rapid store additions
Bear Case 8
  • PE ratio of 85.3x is extremely elevated for a retail business, implying the stock prices in many years of perfect execution
  • Price-to-book of 10.66x is steep for an asset-heavy retail model, leaving limited margin of safety
  • ROE has declined to 13% in the last year from a 10-year average of 14%, suggesting diminishing returns on incremental capital deployed
  • TTM profit growth of 13% has decelerated sharply from the 5-year CAGR of 22% and 10-year CAGR of 25%
  • Stock has delivered negative 1-year returns of -7% and a meagre 3-year CAGR of 3%, underperforming broader markets significantly
  • Zero dividend yield means shareholders receive no cash returns despite repeated profitability, relying entirely on capital appreciation
  • 3-year compounded profit CAGR of only 8% versus 3-year sales CAGR of 17% indicates margin compression and operating leverage challenges
  • 5-year stock CAGR of just 2% against 5-year profit CAGR of 22% suggests the market has been de-rating the stock from prior elevated valuations

This is AI-generated analysis, not financial advice. Do your own due diligence.

AI News Digest

Anthropic anthropic claude-opus-4.6 1d ago
Headwinds 2
  • Construction violation fines Jul 25

    Penalized ₹50 lakhs by NOIDA and ₹12.14 lakhs by PMRDA for construction non-compliance. Company states no material operational impact.

  • EBITDA margin contraction Jul 25

    FY26 EBITDA margin contracted slightly to 7.85% amid aggressive store expansion, despite revenue growing 15.9% YoY.

Positives 4
  • Q1FY27 profit up 12.8% Jul 11

    Q1FY27 standalone net profit rose 12.8% to ₹935.77 crore from ₹829.73 crore YoY, with revenue at ₹18,343.49 crore.

  • FY26 revenue hits ₹67k crore Jul 25

    FY26 standalone revenue reached ₹66,968 crore, up 15.9% YoY, with PAT rising 10.1% to ₹3,224 crore.

  • Store count reaches 506 Aug 4

    Opened stores in Barabanki (Aug 4), Udaipur (Jul 27), and Greater Noida (Jul 10), expanding total count from 504 to 506.

  • Strong ESG metrics in BRSR Jul 23

    FY26 BRSR highlights 54.5 MW solar capacity, 99% waste recycling, and 0.58 LTIFR with independent assurance from Grant Thornton.

Neutral 6
  • Block trades signal institutional activity Aug 3

    Three block trades totaling ~₹90.4 crore executed between Jul 10 and Aug 3 at prices ranging from ₹3,967 to ₹4,074.50 per share.

  • NCD issuance up to ₹1,000 crore Jul 11

    Board approved private placement of NCDs worth up to ₹1,000 crore on July 11, 2026.

  • Investor meetings with major funds Jul 29

    Held one-on-one meetings with Capital Research, ICICI Prudential MF, Nippon India MF, SBI MF, and SBI Pension Fund on Jul 28-29.

  • AGM scheduled for Aug 19 Jul 25

    26th AGM set for August 19, 2026 via video conferencing. Remote e-voting opens August 14 and closes August 18.

  • COO leadership transition Jul 11

    Lalit Ahuja appointed COO effective July 13, 2026. Bhaskaran N re-appointed as Whole-time Director and COO from Oct 17, 2026 to May 31, 2028.

  • Promoter group reclassification Jul 16

    Applied to reclassify Vijay Shankar Chandak from Promoter Group to Public category, approved by Board on July 11, 2026.

TL;DR: Avenue Supermarts continues to deliver solid top-line and bottom-line growth with FY26 revenue up 15.9% and Q1FY27 profit up 12.8%, supported by steady store expansion reaching 506 outlets. Margin pressure from rapid expansion and minor regulatory fines are manageable risks. Institutional interest remains strong as evidenced by block trades and fund house meetings. The growth trajectory remains intact, though investors should watch whether margin compression stabilizes as new stores mature.

Quarterly Results

  Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Sales
11,865
12,624
13,572
12,727
14,069
14,444
15,973
14,872
16,360
16,676
18,101
17,684
18,795
Expenses
10,830
11,619
12,453
11,783
12,848
13,351
14,755
13,917
15,061
15,463
16,638
16,473
17,295
Operating Profit
1,035
1,005
1,120
944
1,221
1,094
1,217
955
1,299
1,214
1,463
1,211
1,499
OPM %
9%
8%
8%
7%
9%
8%
8%
6%
8%
7%
8%
7%
8%
Other Income
39
37
33
38
42
34
24
25
19
20
17
18
26
Interest
15
16
15
13
16
16
18
19
29
35
37
41
54
Depreciation
162
174
189
205
193
208
228
241
232
253
268
284
288
PBT
897
852
949
763
1,054
903
995
720
1,057
945
1,175
904
1,183
Tax %
27%
27%
27%
26%
27%
27%
27%
24%
27%
28%
27%
27%
27%
Net Profit
659
623
690
563
774
659
724
551
773
685
856
656
860
EPS in Rs
10.12
9.58
10.61
8.66
11.89
10.14
11.12
8.47
11.88
10.53
13.15
10.07
13.19
Figures in ₹ Crores

Profit & Loss

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026TTM
Sales
6,439
8,584
11,898
15,033
20,005
24,870
24,143
30,976
42,840
50,789
59,358
68,821
71,256
Expenses
5,983
7,919
10,929
13,680
18,371
22,742
22,398
28,474
39,201
46,683
54,864
63,632
65,869
Operating Profit
456
664
969
1,353
1,633
2,128
1,745
2,502
3,639
4,106
4,495
5,189
5,387
OPM %
7%
8%
8%
9%
8%
9%
7%
8%
8%
8%
8%
8%
8%
Other Income
20
17
28
88
48
60
194
114
128
145
117
72
80
Interest
72
91
122
60
47
69
42
54
67
58
69
142
167
Depreciation
82
98
128
159
212
374
414
498
639
731
870
1,037
1,093
PBT
323
492
747
1,222
1,422
1,745
1,483
2,064
3,060
3,461
3,673
4,082
4,207
Tax %
34%
35%
36%
34%
37%
25%
26%
28%
22%
27%
26%
27%
—
Net Profit
212
320
479
806
902
1,301
1,099
1,492
2,378
2,536
2,707
2,970
3,057
EPS in Rs
3.77
5.7
7.67
12.92
14.46
20.09
16.97
23.04
36.69
38.97
41.61
45.56
46.94
Div. Payout %
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
0%
—
Figures in ₹ Crores

Balance Sheet

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital
562
562
624
624
624
648
648
648
648
651
651
652
Reserves
638
959
3,218
4,045
4,963
10,432
11,536
13,030
15,430
18,047
20,777
23,812
Borrowings
904
1,192
1,497
439
700
333
393
647
643
592
820
2,425
Other Liabilities
251
389
480
540
718
663
1,079
1,146
1,383
1,882
2,065
2,629
Total Liabilities
2,355
3,102
5,819
5,648
7,006
12,076
13,655
15,471
18,105
21,172
24,313
29,518
Fixed Assets
1,528
2,094
2,578
3,400
4,400
5,948
7,009
9,260
11,340
13,415
16,206
20,090
CWIP
98
82
153
147
377
364
1,020
1,129
829
935
1,099
1,300
Investments
15
29
26
68
17
15
3
6
202
107
3
4
Other Assets
713
897
3,063
2,033
2,212
5,749
5,624
5,076
5,733
6,716
7,004
8,123
Total Assets
2,355
3,102
5,819
5,648
7,006
12,076
13,655
15,471
18,105
21,172
24,313
29,518
Figures in ₹ Crores

Cash Flow

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Operating
222
433
455
730
807
1,280
1,375
1,372
2,630
2,746
2,463
3,467
Investing
-474
-633
-2,482
464
-958
-4,657
-1,110
-1,289
-2,313
-2,468
-2,185
-4,207
Financing
234
196
2,025
-1,159
209
3,357
-180
-179
-205
-148
-259
288
Net Cash Flow
-17
-3
-1
34
57
-19
86
-96
112
130
18
-452
Free Cash Flow
-255
435
-180
-179
-602
-426
-652
-1,017
424
24
-954
-646
CFO/OP
71
90
74
84
80
83
94
77
92
85
76
87
Figures in ₹ Crores

Ratios

  Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Debtor Days
0
0
1
1
1
0
1
1
1
1
1
1
Inventory Days
36
34
34
34
35
34
40
38
33
33
36
37
Days Payable
8
10
9
9
10
8
10
8
8
8
8
8
Cash Conversion Cycle
28
24
26
25
26
26
30
31
26
26
30
29
Working Capital Days
22
6
4
16
11
22
23
23
20
25
23
18
ROCE %
21%
24%
21%
24%
26%
20%
13%
16%
20%
19%
18%
17%

Shareholding Pattern

As of Jun 2026
Promoters 74.48%
FIIs 9.23%
DIIs 8.74%
Public 6.42%
Others 1.13%
Total 100.00%
  Mar 2021Jun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters
74.99%
74.99%
74.99%
74.99%
74.99%
74.99%
74.99%
74.99%
74.93%
74.65%
74.65%
74.65%
74.65%
74.65%
74.65%
74.65%
74.65%
74.65%
74.65%
74.65%
74.51%
74.48%
FIIs
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
8.26%
9.22%
9.95%
8.96%
8.18%
8.25%
8.73%
8.71%
9.00%
9.23%
DIIs
6.47%
6.60%
6.68%
6.66%
6.72%
6.84%
6.86%
7.13%
7.53%
7.70%
7.93%
8.14%
8.59%
8.03%
7.49%
8.14%
9.15%
9.29%
9.09%
8.89%
8.85%
8.74%
Government
0.00%
0.00%
0.00%
0.00%
0.00%
0.02%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
Public
7.80%
7.82%
7.83%
8.28%
8.72%
8.81%
5.90%
5.95%
6.15%
6.31%
6.27%
5.78%
5.43%
5.07%
4.89%
5.16%
4.94%
4.70%
4.37%
4.61%
6.41%
6.42%
Others
10.74%
10.60%
10.51%
10.07%
9.57%
9.34%
12.25%
11.93%
11.39%
11.34%
11.15%
11.43%
3.08%
3.02%
3.02%
3.10%
3.08%
3.10%
3.16%
3.14%
1.23%
1.13%
No. of Shareholders
0
3,06,995
3,45,515
4,03,133
5,94,561
7,42,493
7,93,537
7,47,199
8,35,850
8,13,245
8,15,562
7,40,037
6,84,326
6,19,843
5,90,252
7,09,582
6,71,850
6,18,996
5,85,510
5,99,296
5,73,764
5,42,175

Documents

Frequently Asked Questions about Avenue Supermarts Ltd

What does Avenue Supermarts Ltd do?
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]
Where is Avenue Supermarts Ltd (DMART) listed?
Avenue Supermarts Ltd is listed on the Indian stock exchanges. It is listed on NSE: DMART and BSE: 540376. You can view its live share price, financials, and ratios on Tapetide.
Which sector does Avenue Supermarts Ltd belong to?
Avenue Supermarts Ltd operates in the Retail sector within the Diversified Retail industry. Sector classification helps investors compare companies affected by similar economic conditions and regulatory changes.
What is the market capitalisation of Avenue Supermarts Ltd?
Avenue Supermarts Ltd has a market capitalisation of approximately ₹256756.92 Cr. Based on this, it is classified as a Large Cap stock.
What is the PE ratio of Avenue Supermarts Ltd?
The Price-to-Earnings (PE) ratio of Avenue Supermarts Ltd is 83.08. The PE ratio compares a company's share price to its earnings per share and is commonly used to assess whether a stock is overvalued or undervalued relative to its peers.
What is the 52-week high and low of Avenue Supermarts Ltd?
Over the past 52 weeks, Avenue Supermarts Ltd has traded between a low of ₹3,529 and a high of ₹4,949.5. This range helps investors understand the stock's price volatility and recent trading levels.
What is the Return on Equity (ROE) of Avenue Supermarts Ltd?
Avenue Supermarts Ltd has a Return on Equity (ROE) of 12.14%. ROE measures how effectively a company uses shareholders' equity to generate profits. A higher ROE generally indicates better capital efficiency.
How can I research Avenue Supermarts Ltd on Tapetide?
On Tapetide, you can view Avenue Supermarts Ltd's live share price, quarterly results, profit & loss statements, balance sheet, cash flow, key ratios, shareholding pattern, technical indicators, analyst ratings, and forecasts — all on a single page without needing to sign up.

Company Information

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]

Website dmartindia.com
Employees 16,959
Listed 2017-03-21
Face Value ₹ 10
Issued Size 65,07,33,068

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