Avenue Supermarts

₹3638.5 94.5 | 2.7%

WEBSITE BSE:540376 NSE : DMART 09 Jun, 13:56

Market Cap ₹236635 Cr.

Stock P/E 99.3

P/B 14.7

Current Price ₹3638.5

Book Value ₹ 248.2

Face Value 10

52W High ₹4606

Dividend Yield 0%

52W Low ₹ 3292.7

Edit Ratio

Avenue Supermarts Research see more...

Overview Inc. Year: 2000Industry: Retailing

Avenue Supermarts Limited is an India-based organization, which owns and operates DMart stores. DMart is a supermarket chain that gives customers a variety of home and private merchandise below one roof. Each DMart store shares domestic application merchandise, such as food, toiletries, beauty products, garments, kitchenware, mattress and bathroom linen, domestic appliances and others. The Company provide its merchandise underneath various categories, including bed and bathtub, dairy and frozen, fruits and greens, crockery, toys and video games, children garb, girls garments, clothing for men, home and personal care, daily essentials, grocery and staples, and DMart manufacturers. DMart has a store in over 110 places across various cities like Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana and Chhattisgarh. The Company has multiple stores in cities, consisting of Mumbai, Ahmedabad, Baroda, Bengaluru, Hyderabad, Pune and Surat.

Avenue Supermarts Share Price

Volume

Price

Price: NSE50 DMA200 DMAVolume

Quarterly Price

Quarterly Monthly

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Peer Comparison

Avenue Supermarts Quarterly Results

#(Fig in Cr.)	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Net Sales	7542	7412	5183	7789	9218	8786	10038	10638	11569	10594
Other Income	45	48	31	28	26	33	29	36	32	33
Total Income	7587	7460	5215	7816	9244	8819	10067	10674	11601	10627
Total Expenditure	6853	6799	4959	7120	8351	8047	9030	9746	10604	9823
Operating Profit	734	661	256	696	892	772	1037	928	997	805
Interest	11	12	11	12	14	17	17	18	17	16
Depreciation	114	105	107	116	128	146	145	162	168	164
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	609	544	137	568	750	609	875	748	812	625
Provision for Tax	162	130	42	150	198	182	233	62	222	165
Profit After Tax	447	414	95	418	553	427	643	686	590	460
Adjustments	0	0	0	0	0	0	0	0	0	0
Profit After Adjustments	447	414	95	418	553	427	643	686	590	460
Adjusted Earnings Per Share	6.9	6.4	1.5	6.4	8.5	6.6	9.9	10.6	9.1	7.1

Avenue Supermarts Profit & Loss

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022	TTM
Net Sales	2209	3341	4686	6439	8584	11898	15033	20005	24870	24143	30976	42839
Other Income	14	14	16	18	18	29	69	48	60	196	117	130
Total Income	2222	3355	4702	6458	8602	11926	15103	20053	24930	24339	31094	42969
Total Expenditure	2071	3126	4345	5980	7920	10917	13680	18371	22742	22400	28478	39203
Operating Profit	152	229	358	477	682	1010	1422	1682	2188	1939	2616	3767
Interest	26	43	56	72	91	122	60	47	69	42	54	68
Depreciation	37	46	57	82	98	128	159	212	374	414	498	639
Exceptional Income / Expenses	0	0	0	0	0	0	0	0	0	0	0	0
Profit Before Tax	88	141	245	323	492	747	1222	1422	1745	1483	2064	3060
Provision for Tax	28	47	84	112	171	268	416	519	444	384	572	682
Profit After Tax	60	94	161	212	320	479	806	902	1301	1099	1492	2379
Adjustments	0	0	0	-0	-0	-0	-0	0	0	0	0	0
Profit After Adjustments	60	94	161	212	320	479	806	903	1301	1099	1493	2379
Adjusted Earnings Per Share	0	0	0	3.8	5.7	7.7	12.9	14.5	20.1	17	23	36.7

Growth Rates

#	1 Year	3 Year	5 Year	10 Year
Sales CAGR	28%	16%	21%	30%
Operating Profit CAGR	35%	16%	21%	33%
PAT CAGR	36%	18%	26%	38%

#	1 Year	3 Year	5 Year	10 Year
Share Price CAGR	-5%	15%	18%	NA%
ROE Average	12%	12%	15%	16%
ROCE Average	16%	17%	20%	20%

Avenue Supermarts Balance Sheet

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Shareholder's Funds	682	790	956	1199	1520	3842	4669	5587	11080	12184	13678
Minority's Interest	0	0	0	0	0	0	1	1	0	0	0
Borrowings	264	371	457	714	908	981	246	126	0	0	0
Other Non-Current Liabilities	24	34	39	47	56	52	47	65	270	365	575
Total Current Liabilities	220	298	356	395	616	944	686	1227	726	1106	1218
Total Liabilities	1191	1492	1808	2355	3102	5819	5648	7006	12076	13655	15471
Fixed Assets	779	925	1172	1528	2094	2550	3384	4382	5932	6999	9251
Other Non-Current Assets	134	187	147	193	218	290	292	541	3797	2595	2777
Total Current Assets	278	381	489	634	790	2979	1972	2083	2348	4061	3443
Total Assets	1191	1492	1808	2355	3102	5819	5648	7006	12076	13655	15471

Avenue Supermarts Cash Flow

#(Fig in Cr.)	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Opening Cash & Cash Equivalents	18	48	61	55	37	34	33	67	125	106	192
Cash Flow from Operating Activities	65	127	198	222	433	455	730	807	1280	1375	1372
Cash Flow from Investing Activities	-129	-231	-270	-474	-633	-2482	462	-958	-4657	-1110	-1289
Cash Flow from Financing Activities	93	118	65	234	196	2025	-1159	209	3357	-180	-179
Net Cash Inflow / Outflow	30	14	-7	-17	-3	-1	33	57	-19	86	-96
Closing Cash & Cash Equivalent	48	61	55	37	34	33	67	125	106	192	95

Avenue Supermarts Ratios

#	Mar 2012	Mar 2013	Mar 2014	Mar 2015	Mar 2016	Mar 2017	Mar 2018	Mar 2019	Mar 2020	Mar 2021	Mar 2022
Earnings Per Share (Rs)	1.13	1.73	2.95	3.77	5.7	7.67	12.92	14.46	20.09	16.97	23.04
CEPS(Rs)	1.83	2.57	3.99	5.22	7.46	9.72	15.47	17.87	25.86	23.37	30.73
DPS(Rs)	0	0	0	0	0	0	0	0	0	0	0
Book NAV/Share(Rs)	12.78	14.51	17.48	21.36	27.08	61.54	74.45	88.89	170.63	187.58	210.54
Core EBITDA Margin(%)	5.7	5.89	6.72	6.58	7.23	7.69	8.2	7.44	7.81	6.61	7.37
EBIT Margin(%)	4.73	5.03	5.91	5.67	6.35	6.81	7.76	6.69	6.66	5.78	6.25
Pre Tax Margin(%)	3.65	3.86	4.81	4.64	5.36	5.86	7.4	6.48	6.4	5.62	6.09
PAT Margin (%)	2.5	2.57	3.17	3.04	3.49	3.75	4.89	4.11	4.77	4.17	4.4
Cash Profit Margin (%)	4.04	3.83	4.29	4.2	4.56	4.75	5.85	5.08	6.15	5.74	5.87
ROA(%)	5.07	7	9.78	10.17	11.74	10.73	14.06	14.26	13.64	8.55	10.25
ROE(%)	8.86	12.76	18.49	19.65	23.56	17.86	19	17.71	15.67	9.48	11.57
ROCE(%)	10.77	15.43	20.65	21.39	24.21	21.59	24.53	25.78	20.84	13.09	16.38
Receivable days	0.85	0.95	0.82	0.43	0.31	0.42	0.6	0.81	0.56	0.44	0.59
Inventory Days	29.52	23.6	23.47	24.02	24.09	23.17	23.35	23.04	23.82	29.02	26.86
Payable days	12.47	10.14	9.94	8.02	7.82	8.24	8.35	8.38	7.75	8.98	8.07
PER(x)	0	0	0	0	0	83.16	102.72	101.65	109.57	168.15	173.58
Price/Book(x)	0	0	0	0	0	10.37	17.82	16.54	12.9	15.22	19
Dividend Yield(%)	0	0	0	0	0	0	0	0	0	0	0
EV/Net Sales(x)	0.39	0.3	0.24	0.22	0.2	3.31	5.5	4.61	5.73	7.6	8.35
EV/Core EBITDA(x)	5.7	4.4	3.17	2.99	2.52	39.04	58.15	54.84	65.11	94.59	98.92
Net Sales Growth(%)	0	51.27	40.28	37.4	33.3	38.61	26.35	33.07	24.32	-2.92	28.3
EBIT Growth(%)	0	60.36	63.84	31.64	47.36	49.04	47.47	14.63	23.47	-15.92	38.87
PAT Growth(%)	0	55.37	71.94	31.21	51.28	49.48	68.4	11.93	44.16	-15.49	35.74
EPS Growth(%)	0	52.37	71.09	27.73	51.26	34.53	68.41	11.94	38.89	-15.49	35.75
Debt/Equity(x)	0.56	0.67	0.67	0.75	0.78	0.39	0.09	0.13	0	0	0
Current Ratio(x)	1.26	1.28	1.37	1.6	1.28	3.15	2.88	1.7	3.23	3.67	2.83
Quick Ratio(x)	0.37	0.35	0.31	0.24	0.19	2.15	1.18	0.39	0.55	1.64	0.57
Interest Cover(x)	4.4	4.31	5.4	5.47	6.38	7.12	21.53	31.12	26.24	36.62	39.37
Total Debt/Mcap(x)	0	0	0	0	0	0.04	0.01	0.01	0	0	0

Avenue Supermarts Shareholding Pattern

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.99	74.93
FII	10.09	10.17	10.04	9.95	9.44	8.83	8.59	8.72	8.63	8.18
DII	6.72	6.58	6.71	6.78	6.74	6.77	6.9	7.07	7.13	7.53
Public	8.21	8.26	8.26	8.29	8.83	9.42	9.52	9.23	9.25	9.37
Others	0	0	0	0	0	0	0	0	0	0
Total	100	100	100	100	100	100	100	100	100	100

#	Dec 2020	Mar 2021	Jun 2021	Sep 2021	Dec 2021	Mar 2022	Jun 2022	Sep 2022	Dec 2022	Mar 2023
Promoter	48.57	48.57	48.57	48.57	48.57	48.57	48.57	48.57	48.57	48.57
FII	6.54	6.59	6.5	6.44	6.11	5.72	5.57	5.65	5.59	5.3
DII	4.35	4.27	4.35	4.39	4.37	4.39	4.47	4.58	4.62	4.88
Public	5.32	5.35	5.35	5.37	5.72	6.1	6.17	5.98	5.99	6.07
Others	0	0	0	0	0	0	0	0	0	0
Total	64.78	64.78	64.78	64.78	64.78	64.78	64.78	64.78	64.78	64.83

Pros

Company has delivered good profit growth of 25% CAGR over last 5 years
Debtor days have improved from 8.98 to 8.07days.
Company is almost debt free.

Cons

Company has a low return on equity of 12% over the last 3 years.
Stock is trading at 14.7 times its book value.

* 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.