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Avenue Supermarts

₹4785 -9.6 | 0.2%

Market Cap ₹311376 Cr.

Stock P/E 122.8

P/B 16.7

Current Price ₹4785

Book Value ₹ 287.3

Face Value 10

52W High ₹4892.2

Dividend Yield 0%

52W Low ₹ 3352

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.) Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Net Sales 9218 8786 10038 10638 11569 10594 11865 12624 13572 12727
Other Income 26 33 29 36 32 33 39 37 33 38
Total Income 9244 8819 10067 10674 11601 10627 11904 12661 13605 12764
Total Expenditure 8351 8047 9030 9746 10604 9823 10830 11619 12453 11783
Operating Profit 892 772 1037 928 997 805 1074 1042 1153 982
Interest 14 17 17 18 17 16 15 16 15 13
Depreciation 128 146 145 162 168 164 162 174 189 205
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 750 609 875 748 812 625 897 852 949 763
Provision for Tax 198 182 233 62 222 165 239 229 259 200
Profit After Tax 553 427 643 686 590 460 659 623 690 563
Adjustments 0 0 0 0 0 0 0 0 0 0
Profit After Adjustments 553 427 643 686 590 460 659 624 691 563
Adjusted Earnings Per Share 8.5 6.6 9.9 10.6 9.1 7.1 10.1 9.6 10.6 8.7

Avenue Supermarts Profit & Loss

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 TTM
Net Sales 3341 4686 6439 8584 11898 15033 20005 24870 24143 30976 42840 50788
Other Income 14 16 18 18 29 69 48 60 196 117 129 147
Total Income 3355 4702 6458 8602 11926 15103 20053 24930 24339 31094 42969 50934
Total Expenditure 3126 4345 5980 7920 10917 13680 18371 22742 22400 28478 39203 46685
Operating Profit 229 358 477 682 1010 1422 1682 2188 1939 2616 3766 4251
Interest 43 56 72 91 122 60 47 69 42 54 67 59
Depreciation 46 57 82 98 128 159 212 374 414 498 639 730
Exceptional Income / Expenses 0 0 0 0 0 0 0 0 0 0 0 0
Profit Before Tax 141 245 323 492 747 1222 1422 1745 1483 2064 3060 3461
Provision for Tax 47 84 112 171 268 416 519 444 384 572 682 927
Profit After Tax 94 161 212 320 479 806 902 1301 1099 1492 2378 2535
Adjustments 0 0 -0 -0 -0 -0 0 0 0 0 0 0
Profit After Adjustments 94 161 212 320 479 806 903 1301 1099 1493 2379 2537
Adjusted Earnings Per Share 1.7 3 3.8 5.7 7.7 12.9 14.5 20.1 17 23 36.7 39

Growth Rates

# 1 Year 3 Year 5 Year 10 Year
Sales CAGR 38% 20% 23% 29%
Operating Profit CAGR 44% 20% 22% 32%
PAT CAGR 59% 22% 24% 38%
# 1 Year 3 Year 5 Year 10 Year
Share Price CAGR 30% 19% 31% NA%
ROE Average 16% 12% 14% 17%
ROCE Average 21% 17% 19% 20%

Avenue Supermarts Balance Sheet

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Shareholder's Funds 790 956 1199 1520 3842 4669 5587 11080 12184 13678 16079
Minority's Interest 0 0 0 0 0 1 1 0 0 0 0
Borrowings 371 457 714 908 981 246 126 0 0 0 0
Other Non-Current Liabilities 34 39 47 56 52 47 65 270 365 575 559
Total Current Liabilities 298 356 395 616 944 686 1227 726 1106 1218 1467
Total Liabilities 1492 1808 2355 3102 5819 5648 7006 12076 13655 15471 18105
Fixed Assets 925 1172 1528 2094 2550 3384 4382 5932 6999 9251 11332
Other Non-Current Assets 187 147 193 218 290 292 541 3797 2595 2777 1324
Total Current Assets 381 489 634 790 2979 1972 2083 2348 4061 3443 5448
Total Assets 1492 1808 2355 3102 5819 5648 7006 12076 13655 15471 18105

Avenue Supermarts Cash Flow

#(Fig in Cr.) Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Opening Cash & Cash Equivalents 48 61 55 37 34 33 67 125 106 192 95
Cash Flow from Operating Activities 127 198 222 433 455 730 807 1280 1375 1372 2630
Cash Flow from Investing Activities -231 -270 -474 -633 -2482 462 -958 -4657 -1110 -1289 -2313
Cash Flow from Financing Activities 118 65 234 196 2025 -1159 209 3357 -180 -179 -205
Net Cash Inflow / Outflow 14 -7 -17 -3 -1 33 57 -19 86 -96 112
Closing Cash & Cash Equivalent 61 55 37 34 33 67 125 106 192 95 207

Avenue Supermarts Ratios

# Mar 2013 Mar 2014 Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023
Earnings Per Share (Rs) 1.73 2.95 3.77 5.7 7.67 12.92 14.46 20.09 16.97 23.04 36.69
CEPS(Rs) 2.57 3.99 5.22 7.46 9.72 15.47 17.87 25.86 23.37 30.73 46.54
DPS(Rs) 0 0 0 0 0 0 0 0 0 0 0
Book NAV/Share(Rs) 14.51 17.48 21.36 27.08 61.54 74.45 88.89 170.63 187.58 210.54 247.31
Core EBITDA Margin(%) 5.89 6.72 6.58 7.23 7.69 8.2 7.44 7.81 6.61 7.37 7.71
EBIT Margin(%) 5.03 5.91 5.67 6.35 6.81 7.76 6.69 6.66 5.78 6.25 6.63
Pre Tax Margin(%) 3.86 4.81 4.64 5.36 5.86 7.4 6.48 6.4 5.62 6.09 6.49
PAT Margin (%) 2.57 3.17 3.04 3.49 3.75 4.89 4.11 4.77 4.17 4.4 5.04
Cash Profit Margin (%) 3.83 4.29 4.2 4.56 4.75 5.85 5.08 6.15 5.74 5.87 6.4
ROA(%) 7 9.78 10.17 11.74 10.73 14.06 14.26 13.64 8.55 10.25 14.17
ROE(%) 12.76 18.49 19.65 23.55 17.86 19 17.71 15.67 9.48 11.57 16.03
ROCE(%) 15.43 20.65 21.39 24.21 21.59 24.53 25.78 20.84 13.09 16.38 21.02
Receivable days 0.95 0.82 0.43 0.31 0.42 0.6 0.81 0.56 0.44 0.59 0.5
Inventory Days 23.6 23.47 24.02 24.09 23.17 23.35 23.04 23.82 29.02 26.86 23.17
Payable days 10.14 9.94 8.02 7.82 8.24 8.35 8.38 7.75 8.98 8.07 6.74
PER(x) 0 0 0 0 83.16 102.72 101.65 109.57 168.15 173.58 92.76
Price/Book(x) 0 0 0 0 10.37 17.82 16.54 12.9 15.22 19 13.76
Dividend Yield(%) 0 0 0 0 0 0 0 0 0 0 0
EV/Net Sales(x) 0.3 0.24 0.22 0.2 3.31 5.5 4.61 5.73 7.6 8.35 5.12
EV/Core EBITDA(x) 4.4 3.17 2.99 2.52 39.04 58.15 54.84 65.11 94.59 98.92 58.2
Net Sales Growth(%) 51.27 40.28 37.4 33.3 38.61 26.35 33.07 24.32 -2.92 28.3 38.3
EBIT Growth(%) 60.36 63.84 31.64 47.34 49.04 47.47 14.63 23.47 -15.92 38.87 47.67
PAT Growth(%) 55.37 71.94 31.21 51.25 49.48 68.4 11.93 44.16 -15.49 35.74 59.36
EPS Growth(%) 52.37 71.09 27.73 51.26 34.53 68.41 11.94 38.89 -15.49 35.75 59.24
Debt/Equity(x) 0.67 0.67 0.75 0.78 0.39 0.09 0.13 0 0 0 0
Current Ratio(x) 1.28 1.37 1.6 1.28 3.15 2.88 1.7 3.23 3.67 2.83 3.71
Quick Ratio(x) 0.35 0.31 0.24 0.19 2.15 1.18 0.39 0.55 1.64 0.57 1.5
Interest Cover(x) 4.31 5.4 5.47 6.38 7.12 21.53 31.12 26.24 36.62 39.37 46.4
Total Debt/Mcap(x) 0 0 0 0 0.04 0.01 0.01 0 0 0 0

Avenue Supermarts Shareholding Pattern

# Dec 2021 Mar 2022 Jun 2022 Sep 2022 Dec 2022 Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024
Promoter 74.99 74.99 74.99 74.99 74.99 74.93 74.65 74.65 74.65 74.65
FII 9.44 8.83 8.59 8.72 8.63 8.18 8.17 7.67 7.96 8.26
DII 6.74 6.77 6.9 7.07 7.13 7.53 7.7 8.28 8.52 8.59
Public 8.83 9.42 9.52 9.23 9.25 9.37 9.48 9.41 8.88 8.5
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 24% CAGR over last 5 years
  • Debtor days have improved from 8.07 to 6.74days.
  • Company is almost debt free.

Cons

  • Company has a low return on equity of 12% over the last 3 years.
  • Stock is trading at 16.7 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.

Avenue Supermarts News

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