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Last Updated on: 22 December, 2024
Author: Getaka|Social: Getaka Financial Technology X (Earlier Twitter) Profile Getaka Financial Technology LinkedIn Logo
Stock Ticker - BSE: 540376 | NSE: DMART

Avenue Supermarts Ltd: Fundamental Analysis, Share Price Insights & Intrinsic Value (2024)

Share Price and Basic Stock Data

Last Updated: December 21, 2024, 2:49 am

Market Cap 2,21,789 Cr.
Current Price 3,408
High / Low 5,485/3,399
Stock P/E82.6
Book Value 309
Dividend Yield0.00 %
ROCE19.4 %
ROE14.5 %
Face Value 10.0
PEG Ratio4.31

Stock P/E, Current Price, and Intrinsic Value Over Time

View Share Price Target for

Competitors of

Stock NameMarket CapCurrent PriceHigh / LowStock P/EBook ValueDividend YieldROCEROEFace Value
Heads UP Ventures Ltd 25.9 Cr. 11.7 22.5/9.81 6.330.00 %26.9 %26.9 % 10.0
V-Mart Retail Ltd 7,484 Cr. 3,780 4,520/1,814 3580.00 %0.54 %12.1 % 10.0
Spencers Retail Ltd 747 Cr. 82.9 139/73.6 60.60.00 %10.3 %% 5.00
Shoppers Stop Ltd 7,082 Cr. 644 944/594355 23.90.00 %11.8 %32.1 % 5.00
Praxis Home Retail Ltd 262 Cr. 19.4 38.2/11.2 4.030.00 %39.1 %% 5.00
Industry Average33,985.14 Cr997.37152.7399.780.00%17.97%35.55%6.00

All Competitor Stocks of

Quarterly Result

MonthJun 2021Sep 2021Dec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024
Sales5,1837,7899,2188,78610,03810,63811,56910,59411,86512,62413,57212,72714,069
Expenses4,9597,1208,3518,0479,0309,74610,6049,82310,83011,61912,45311,78312,848
Operating Profit2246698667391,0088929657721,0351,0051,1209441,221
OPM %4%9%9%8%10%8%8%7%9%8%8%7%9%
Other Income31282633293632333937333842
Interest11121417171817161516151316
Depreciation107116128146145162168164162174189205193
Profit before tax1375687506098757488126258978529497631,054
Tax %31%26%26%30%27%8%27%26%27%27%27%26%27%
Net Profit95418553427643686590460659623690563774
EPS in Rs1.476.458.536.599.9310.599.107.1010.129.5810.618.6611.89

Last Updated: Unknown

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: Unknown

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024TTM
Sales3,3414,6866,4398,58411,89815,03320,00524,87024,14330,97642,84050,78952,993
Expenses3,1264,3455,9837,91910,92913,68018,37122,74222,39828,47439,20146,68348,703
Operating Profit2153414566649691,3531,6332,1281,7452,5023,6394,1064,290
OPM %6%7%7%8%8%9%8%9%7%8%8%8%8%
Other Income1516201728884860194114128145149
Interest435672911226047694254675860
Depreciation46578298128159212374414498639731761
Profit before tax1412453234927471,2221,4221,7451,4832,0643,0603,4613,618
Tax %34%34%34%35%36%34%37%25%26%28%22%27%
Net Profit941612123204798069021,3011,0991,4922,3782,5362,651
EPS in Rs1.732.953.775.707.6712.9214.4620.0916.9723.0436.6938.9740.74
Dividend Payout %0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2013-20142014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-2024
YoY Net Profit Growth (%)71.28%31.68%50.94%49.69%68.27%11.91%44.24%-15.53%35.76%59.38%6.64%
Change in YoY Net Profit Growth (%)0.00%-39.60%19.27%-1.26%18.58%-56.36%32.32%-59.76%51.29%23.62%-52.74%

has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2013-2014 to 2023-2024.

Growth

Compounded Sales Growth
10 Years:27%
5 Years:20%
3 Years:28%
TTM:17%
Compounded Profit Growth
10 Years:32%
5 Years:23%
3 Years:32%
TTM:15%
Stock Price CAGR
10 Years:%
5 Years:12%
3 Years:-10%
1 Year:-15%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:14%
Last Year:14%

Last Updated: Unknown

Balance Sheet

Last Updated: October 15, 2024, 4:07 pm

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Sep 2024
Equity Capital544547562562624624624648648648648651651
Reserves2454096389593,2184,0454,96310,43211,53613,03015,43018,04719,487
Borrowings5266419041,1921,497439700333393647643592713
Other Liabilities1762112513894805407186631,0791,1461,3831,8822,189
Total Liabilities1,4921,8082,3553,1025,8195,6487,00612,07613,65515,47118,10521,17223,040
Fixed Assets9251,1721,5282,0942,5783,4004,4005,9487,0099,26011,34013,41514,542
CWIP1188998821531473773641,0201,1298299351,107
Investments16161529266817153620210787
Other Assets4335327138973,0632,0332,2125,7495,6245,0765,7336,7167,304
Total Assets1,4921,8082,3553,1025,8195,6487,00612,07613,65515,47118,10521,17223,040

Reserves and Borrowings Chart

Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Cash from Operating Activity +1271982224334557308071,2801,3751,3722,6302,746
Cash from Investing Activity +-231-270-474-633-2,482464-958-4,657-1,110-1,289-2,313-2,468
Cash from Financing Activity +118652341962,025-1,1592093,357-180-179-205-148
Net Cash Flow14-7-17-3-13457-1986-96112130

Free Cash Flow

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Free Cash Flow-311.00-300.00-448.00663.00968.00-438.00-699.00-331.00-392.00-645.00-640.00-588.00

Free Cash Flow = Income Generated from Operational Activities - Borrowings - Capital Work in Progress (CWIP)

Consistent positive free cash flow is crucial for businesses as it indicates their ability to generate cash from their core operations. It provides financial flexibility, allowing companies to invest in growth opportunities, pay dividends to shareholders, reduce debt, and weather economic downturns more effectively.

Free Cash Flow Chart

Financial Efficiency Indicators

MonthMar 2013Mar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024
Debtor Days110011101111
Inventory Days353536343434353440383333
Days Payable12118109910810888
Cash Conversion Cycle252428242625262630312626
Working Capital Days19202211916172324242226
ROCE %15%21%21%24%21%24%26%20%13%16%20%19%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthDec 2021Mar 2022Jun 2022Sep 2022Dec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024
Promoters74.99%74.99%74.99%74.98%74.98%74.93%74.64%74.64%74.64%74.64%74.64%74.64%
FIIs9.44%8.83%8.59%8.72%8.63%8.17%8.17%7.67%7.96%8.26%9.22%9.95%
DIIs6.74%6.77%6.88%7.04%7.11%7.49%7.66%8.25%8.45%8.51%7.95%7.43%
Government0.00%0.00%0.02%0.03%0.03%0.03%0.04%0.04%0.06%0.06%0.07%0.07%
Public8.83%9.42%9.52%9.23%9.24%9.37%9.49%9.41%8.87%8.50%8.09%7.91%
No. of Shareholders5,94,5617,42,4937,93,5377,47,1997,63,4388,35,8508,13,2458,15,5627,40,0376,84,3266,19,8435,90,252

Shareholding Pattern Chart

No. of Shareholders

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
SBI Equity Hybrid Fund3,300,0002.231628.86777,4042024-12-21324.49%
UTI Flexi Cap Fund2,040,7463.821007.3777,4042024-12-21162.51%
ICICI Prudential ELSS Tax Saver Fund1,513,4015.13747.01777,4042024-12-2194.67%
UTI Large Cap Fund1,109,9024.03547.84777,4042024-12-2142.77%
ICICI Prudential Multi Asset Fund900,0000.96444.24777,4042024-12-2115.77%
ICICI Prudential Equity & Debt Fund777,4040.98383.72777,4042024-12-210%
DSP Flexi Cap Fund614,2402.55303.19777,4042024-12-21-20.99%
Nippon India ELSS Tax Saver Fund578,8841.73285.73777,4042024-12-21-25.54%
Kotak Small Cap Fund - Regular Plan462,9191.31228.49777,4042024-12-21-40.45%
ICICI Prudential Large & Mid Cap Fund406,1661.27200.48777,4042024-12-21-47.75%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 24Mar 23Mar 22Mar 21Mar 20
FaceValue10.0010.0010.0010.0010.00
Basic EPS (Rs.)38.9936.7223.0416.9720.71
Diluted EPS (Rs.)38.9336.4922.8616.8520.55
Cash EPS (Rs.)50.2046.5430.7323.3725.86
Book Value[Excl.RevalReserv]/Share (Rs.)287.33248.01211.15188.09171.05
Book Value[Incl.RevalReserv]/Share (Rs.)287.33248.01211.15188.09171.05
Revenue From Operations / Share (Rs.)780.49660.84478.20372.71383.94
PBDIT / Share (Rs.)65.3158.1040.3829.9433.78
PBIT / Share (Rs.)54.0848.2432.7023.5428.00
PBT / Share (Rs.)53.1947.2031.8622.9026.93
Net Profit / Share (Rs.)38.9736.6923.0416.9720.08
NP After MI And SOA / Share (Rs.)38.9736.6923.0416.9720.09
PBDIT Margin (%)8.368.798.448.038.79
PBIT Margin (%)6.927.306.836.317.29
PBT Margin (%)6.817.146.666.147.01
Net Profit Margin (%)4.995.554.814.555.23
NP After MI And SOA Margin (%)4.995.554.814.555.23
Return on Networth / Equity (%)13.5614.7910.919.0211.74
Return on Capital Employeed (%)18.3318.7914.8512.1515.98
Return On Assets (%)11.9713.139.648.0510.77
Long Term Debt / Equity (X)0.020.000.000.000.00
Total Debt / Equity (X)0.030.000.000.000.00
Asset Turnover Ratio (%)2.592.482.091.852.59
Current Ratio (X)3.133.712.833.673.23
Quick Ratio (X)1.151.500.571.640.55
Interest Coverage Ratio (X)73.1255.8748.6346.5631.66
Interest Coverage Ratio (Post Tax) (X)44.6236.2828.7427.4019.82
Enterprise Value (Cr.)294691.89219214.08258774.04183431.62142451.05
EV / Net Operating Revenue (X)5.805.128.357.605.73
EV / EBITDA (X)69.3458.2098.9294.5965.10
MarketCap / Net Operating Revenue (X)5.805.158.367.665.73
Price / BV (X)15.7613.7218.9415.1712.87
Price / Net Operating Revenue (X)5.805.158.367.665.73
EarningsYield0.010.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

Fair Value

Fair Value of as of December 22, 2024 is: 3,774.91

Calculation basis:

  • Fair value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.

This formula allows us to gauge the fair value of the stock by analyzing its fundamental indicators.

As of December 22, 2024, is Undervalued by 10.77% compared to the current share price 3,408.00

Intrinsic Value of as of December 22, 2024 is: 4,497.53

Calculation basis:

  • Intrinsic value = P/E Ratio * (Return on Equity / 100) * Book Value * (1 + Dividend Yield / 100) * (1 + EPS CAGR for Last 5 Years)
  • P/E Ratio (Price-to-Earnings Ratio): Represents the price of the stock relative to its earnings per share. A higher P/E ratio indicates that investors are willing to pay a higher price for the stock.
  • Return on Equity (ROE): Measures a company's profitability relative to its shareholder equity. It showcases the company's ability to generate profits using the investment made by its shareholders, offering valuable insight into its operational efficiency and financial performance.
  • Book Value: Represents the net asset value of the company per share. It is calculated as the total assets minus intangible assets and liabilities, divided by the number of outstanding shares.
  • Dividend Yield: The ratio of the annual dividend per share to the current market price per share. It offers valuable insights into the profitability of an investment through dividends.
  • EPS CAGR (Compound Annual Growth Rate): Represents the geometric mean growth rate of earnings per share over the last 5 years. It provides insight into the historical growth trajectory of the company's earnings.

This formula allows us to gauge the intrinsic value of the stock by analyzing its fundamental indicators along with EPS growth.

As of December 22, 2024, is Undervalued by 31.97% compared to the current share price 3,408.00

Last 5 Year EPS CAGR: 19.14%

*Investments are subject to market risks

Strength and Weakness

StrengthWeakness
  1. The stock has a high average ROCE of 20.00%, which is a positive sign.
  2. The stock has a low average Working Capital Days of 19.42, which is a positive sign.
  3. The company has higher reserves (7,879.92 cr) compared to borrowings (709.23 cr), indicating strong financial stability.
  4. The company has shown consistent growth in sales (22.23 cr) and profit (151.00 cr) over the years.
  1. The stock has a high average Cash Conversion Cycle of 26.42, which may not be favorable.
  • Considering all of the following key financial indicators, prospective investors are encouraged to conduct thorough research and seek professional guidance before considering any investment in :
    1. Net Profit Margin: 4.99%
      • Net Profit Margin: This metric indicates the percentage of profit a company makes from its total revenue. A higher net profit margin is generally desirable as it reflects better profitability.
    2. ROCE: 18.33% (Industry Average ROCE: 17.97%)
      • ROCE (Return on Capital Employed): ROCE measures a company's profitability and the efficiency with which its capital is employed. A higher ROCE indicates efficient use of capital.
    3. ROE%: 13.56% (Industry Average ROE: 35.55%)
      • ROE (Return on Equity): ROE measures a company's profitability relative to shareholders' equity. A higher ROE indicates efficient use of shareholders' funds.
    4. Interest Coverage Ratio (Post Tax): 44.62
      • Interest Coverage Ratio: The interest coverage ratio measures a company's ability to cover its interest payments on outstanding debt. A ratio greater than 2 is generally considered healthy as it indicates the company can meet its interest obligations comfortably.
    5. Quick Ratio: 1.15
      • Quick Ratio: The quick ratio assesses a company's ability to cover its short-term liabilities with its most liquid assets. A ratio higher than 1 suggests the company can meet its short-term obligations without relying heavily on inventory.
    6. Stock P/E: 82.6 (Industry average Stock P/E: 152.73)
      • Stock P/E (Price-to-Earnings) Ratio: The P/E ratio compares a company's current share price to its earnings per share. A lower P/E ratio relative to industry peers or historical values may indicate that the stock is undervalued.
    7. Total Debt / Equity: 0.03
      • Total Debt / Equity: This ratio measures a company's financial leverage by comparing its total debt to its total equity. A lower ratio indicates lower financial risk and greater financial stability.
    The current analysis is available for review. It's important to conduct thorough research and consider consulting with financial professionals before making any investment decisions.
    Stock Rating:

About the Company - Qualitative Analysis

Avenue Supermarts Ltd. is a Public Limited Listed company incorporated on 12/05/2000 and has its registered office in the State of Maharashtra, India. Company’s Corporate Identification Number(CIN) is L51900MH2000PLC126473 and registration number is 126473. Currently Company is involved in the business activities of Retail trade, except of motor vehicles and motorcycles. Company’s Total Operating Revenue is Rs. 30352.50 Cr. and Equity Capital is Rs. 647.77 Cr. for the Year ended 31/03/2022.
INDUSTRYADDRESSCONTACT
Retail - Departmental StoresAnjaneya Co-op. Housing Society Ltd., Orchard Avenue, Mumbai Maharashtra 400076investorrelations@dmartindia.com
http://www.dmartindia.com
Management
NamePosition Held
Mr. Ramesh DamaniChairman & Ind.Director
Mr. Ignatius Navil NoronhaManaging Director & CEO
Mr. Ramakant BahetiWholeTime Director & Group CFO
Mr. Elvin MachadoWhole Time Director
Mrs. Manjri ChandakNon Executive Director
Mr. Chandrashekhar BhaveIndependent Director
Ms. Kalpana UnadkatIndependent Director

FAQ

What is the latest intrinsic value of ?

The latest intrinsic value of as on 22 December 2024 is ₹3774.91, which is 10.77% higher than the current market price of ₹3,408.00. The stock has a market capitalization of 2,21,789 Cr. and recorded a high/low of 5,485/3,399 during the current fiscal year 2024-2025. As of Sep 2024, the company has reserves of ₹19,487 Cr and total liabilities of ₹23,040 Cr.

What is the Market Cap of ?

The Market Cap of is 2,21,789 Cr..

What is the current Stock Price of as on 22 December 2024?

The current stock price of as on 22 December 2024 is 3,408.

What is the High / Low of stocks in FY 2024-2025?

In FY 2024-2025, the High / Low of stocks is 5,485/3,399.

What is the Stock P/E of ?

The Stock P/E of is 82.6.

What is the Book Value of ?

The Book Value of is 309.

What is the Dividend Yield of ?

The Dividend Yield of is 0.00 %.

What is the ROCE of ?

The ROCE of is 19.4 %.

What is the ROE of ?

The ROE of is 14.5 %.

What is the Face Value of ?

The Face Value of is 10.0.

About the Author

Author Avatar
Getaka

Getaka, CFA, a financial analyst with 15 years of experience in the industry. Getaka holds an MBA degree and the Chartered Financial Analyst designation, demonstrating his profound understanding of financial analysis and investment management. Throughout his career, he has conducted numerous financial analyses and due diligence processes for companies in the industry, and has a strong track record of identifying key trends and opportunities. He leverages his expertise to deliver a thorough financial analysis of a company, encompassing its financial performance, key ratios, future prospects, and risks. Getaka is committed to providing accurate, reliable, and trustworthy information to help readers make informed decisions about their finances and investments.

Disclaimer: This article is for informational purposes only and should not be construed as financial advice. The author is not a SEBI registered financial advisor and does not have any vested interest in . Investors are advised to conduct their own due diligence and consult with a financial professional before making any investment decisions. The information provided in this article is based on publicly available data and the author's analysis, but it may not be comprehensive or up-to-date. The author and getaka.co.in are not responsible for any errors or omissions in the content. This article is not intended to promote any particular investment strategy or recommendation, and readers should consult with their own financial advisors before making any investment decisions. Data Source: NSE