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Avenue Supermarts

₹5071.6 -98.2 | 1.9%

Market Cap ₹330026 Cr.

Stock P/E 124.5

P/B 16.9

Current Price ₹5071.6

Book Value ₹ 299.2

Face Value 10

52W High ₹5220

Dividend Yield 0%

52W Low ₹ 3491.3

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.

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Avenue Supermarts Share Price

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Peer Comparison

Avenue Supermarts Quarterly Results

#(Fig in Cr.) Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Net Sales 8786 10038 10638 11569 10594 11865 12624 13572 12727 14069
Other Income 33 29 36 32 33 39 37 33 38 42
Total Income 8819 10067 10674 11601 10627 11904 12661 13605 12764 14111
Total Expenditure 8047 9030 9746 10604 9823 10830 11619 12453 11783 12848
Operating Profit 772 1037 928 997 805 1074 1042 1153 982 1263
Interest 17 17 18 17 16 15 16 15 13 16
Depreciation 146 145 162 168 164 162 174 189 205 193
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 609 875 748 812 625 897 852 949 763 1054
Provision for Tax 182 233 62 222 165 239 229 259 200 280
Profit After Tax 427 643 686 590 460 659 623 690 563 774
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 427 643 686 590 460 659 624 691 563 774
Adjusted Earnings Per Share 6.6 9.9 10.6 9.1 7.1 10.1 9.6 10.6 8.7 11.9

Avenue Supermarts Profit & Loss

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 TTM
Net Sales 4686 6439 8584 11898 15033 20005 24870 24143 30976 42840 50789 52992
Other Income 16 18 18 29 69 48 60 196 117 129 146 150
Total Income 4702 6458 8602 11926 15103 20053 24930 24339 31094 42969 50935 53141
Total Expenditure 4345 5980 7920 10917 13680 18371 22742 22400 28478 39203 46685 48703
Operating Profit 358 477 682 1010 1422 1682 2188 1939 2616 3766 4250 4440
Interest 56 72 91 122 60 47 69 42 54 67 58 60
Depreciation 57 82 98 128 159 212 374 414 498 639 731 761
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 245 323 492 747 1222 1422 1745 1483 2064 3060 3461 3618
Provision for Tax 84 112 171 268 416 519 444 384 572 682 926 968
Profit After Tax 161 212 320 479 806 902 1301 1099 1492 2378 2536 2650
Adjustments 0 -0 -0 -0 -0 0 0 0 0 0 1 0
Profit After Adjustments 161 212 320 479 806 903 1301 1099 1493 2379 2536 2652
Adjusted Earnings Per Share 3 3.8 5.7 7.7 12.9 14.5 20.1 17 23 36.7 39 40.8

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 19% 28% 20% 27%
Operating Profit CAGR 13% 30% 20% 28%
PAT CAGR 7% 32% 23% 32%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 37% 13% 29% NA%
ROE Average 15% 14% 13% 17%
ROCE Average 20% 19% 18% 21%

Avenue Supermarts Balance Sheet

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Shareholder's Funds 956 1199 1520 3842 4669 5587 11080 12184 13678 16079 18698
Minority's Interest 0 0 0 0 1 1 0 0 0 0 -0
Borrowings 457 714 908 981 246 126 0 0 0 0 0
Other Non-Current Liabilities 39 47 56 52 47 65 270 365 575 559 496
Total Current Liabilities 356 395 616 944 686 1227 726 1106 1218 1467 1979
Total Liabilities 1808 2355 3102 5819 5648 7006 12076 13655 15471 18105 21172
Fixed Assets 1172 1528 2094 2550 3384 4382 5932 6999 9251 11332 13407
Other Non-Current Assets 147 193 218 290 292 541 3797 2595 2777 1324 1564
Total Current Assets 489 634 790 2979 1972 2083 2348 4061 3443 5448 6202
Total Assets 1808 2355 3102 5819 5648 7006 12076 13655 15471 18105 21172

Avenue Supermarts Cash Flow

#(Fig in Cr.) Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Opening Cash & Cash Equivalents 61 55 37 34 33 67 125 106 192 95 207
Cash Flow from Operating Activities 198 222 433 455 730 807 1280 1375 1372 2630 2746
Cash Flow from Investing Activities -270 -474 -633 -2482 462 -958 -4657 -1110 -1289 -2313 -2468
Cash Flow from Financing Activities 65 234 196 2025 -1159 209 3357 -180 -179 -205 -148
Net Cash Inflow / Outflow -7 -17 -3 -1 33 57 -19 86 -96 112 130
Closing Cash & Cash Equivalent 55 37 34 33 67 125 106 192 95 207 337

Avenue Supermarts Ratios

# Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024
Earnings Per Share (Rs) 2.95 3.77 5.7 7.67 12.92 14.46 20.09 16.97 23.04 36.69 38.97
CEPS(Rs) 3.99 5.22 7.46 9.72 15.47 17.87 25.86 23.37 30.73 46.54 50.2
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 17.48 21.36 27.08 61.54 74.45 88.89 170.63 187.58 210.54 247.31 286.77
Core EBITDA Margin(%) 6.72 6.58 7.23 7.69 8.2 7.44 7.81 6.61 7.37 7.71 7.34
EBIT Margin(%) 5.91 5.67 6.35 6.81 7.76 6.69 6.66 5.78 6.25 6.63 6.3
Pre Tax Margin(%) 4.81 4.64 5.36 5.86 7.4 6.48 6.4 5.62 6.09 6.49 6.19
PAT Margin (%) 3.17 3.04 3.49 3.75 4.89 4.11 4.77 4.17 4.4 5.04 4.54
Cash Profit Margin (%) 4.29 4.2 4.56 4.75 5.85 5.08 6.15 5.74 5.87 6.4 5.84
ROA(%) 9.78 10.17 11.74 10.73 14.06 14.26 13.64 8.55 10.25 14.17 12.91
ROE(%) 18.49 19.65 23.55 17.86 19 17.71 15.67 9.48 11.57 16.03 14.62
ROCE(%) 20.65 21.39 24.21 21.59 24.53 25.78 20.84 13.09 16.38 21.02 20.24
Receivable days 0.82 0.43 0.31 0.42 0.6 0.81 0.56 0.44 0.59 0.5 0.75
Inventory Days 23.47 24.02 24.09 23.17 23.35 23.04 23.82 29.02 26.86 23.17 23.41
Payable days 9.94 8.02 7.82 8.24 8.35 8.38 7.75 8.98 8.07 6.74 7.33
PER(x) 0 0 0 83.16 102.72 101.65 109.57 168.15 173.58 92.76 116.21
Price/Book(x) 0 0 0 10.37 17.82 16.54 12.9 15.22 19 13.76 15.79
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.24 0.22 0.2 3.31 5.5 4.61 5.73 7.6 8.35 5.12 5.79
EV/Core EBITDA(x) 3.17 2.99 2.52 39.04 58.15 54.84 65.11 94.59 98.92 58.2 69.2
Net Sales Growth(%) 40.28 37.4 33.3 38.61 26.35 33.07 24.32 -2.92 28.3 38.3 18.56
EBIT Growth(%) 63.84 31.64 47.34 49.04 47.47 14.63 23.47 -15.92 38.87 47.67 12.53
PAT Growth(%) 71.94 31.21 51.25 49.48 68.4 11.93 44.16 -15.49 35.74 59.36 6.61
EPS Growth(%) 71.09 27.73 51.26 34.53 68.41 11.94 38.89 -15.49 35.75 59.24 6.22
Debt/Equity(x) 0.67 0.75 0.78 0.39 0.09 0.13 0 0 0 0 0
Current Ratio(x) 1.37 1.6 1.28 3.15 2.88 1.7 3.23 3.67 2.83 3.71 3.13
Quick Ratio(x) 0.31 0.24 0.19 2.15 1.18 0.39 0.55 1.64 0.57 1.5 1.15
Interest Cover(x) 5.4 5.47 6.38 7.12 21.53 31.12 26.24 36.62 39.37 46.4 60.54
Total Debt/Mcap(x) 0 0 0 0.04 0.01 0.01 0 0 0 0 0

Avenue Supermarts Shareholding Pattern

# Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024
Promoter 74.99 74.99 74.99 74.99 74.93 74.65 74.65 74.65 74.65 74.65
FII 8.83 8.59 8.72 8.63 8.18 8.17 7.67 7.96 8.26 9.22
DII 6.77 6.9 7.07 7.13 7.53 7.7 8.28 8.52 8.59 8.03
Public 9.42 9.52 9.23 9.25 9.37 9.48 9.41 8.88 8.5 8.1
Others 0 0 0 0 0 0 0 0 0 0
Total 100 100 100 100 100 100 100 100 100 100

Pros

  • Company has delivered good profit growth of 22% CAGR over last 5 years
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 14% over the last 3 years.
  • Debtor days have increased from 6.74 to 7.33days.
  • Stock is trading at 16.9 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.

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