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Avenue Supermarts Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3,106.60Overvalued by 15.76%vs CMP ₹3,688.00

P/E (78.7) × ROE (12.9%) × BV (₹375.00) × DY (2.00%)

₹1,295.99Overvalued by 64.86%vs CMP ₹3,688.00
MoS: -184.6% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹3,536.2223%Fair (-4.1%)
Graham NumberEarnings₹609.5116%Over (-83.5%)
Earnings PowerEarnings₹287.1111%Over (-92.2%)
DCFCash Flow₹812.3514%Over (-78%)
Net Asset ValueAssets₹375.077%Over (-89.8%)
EV/EBITDAEnterprise₹949.879%Over (-74.2%)
Earnings YieldEarnings₹440.307%Over (-88.1%)
ROCE CapitalReturns₹417.417%Over (-88.7%)
Revenue MultipleRevenue₹1,365.085%Over (-63%)
Consensus (9 models)₹1,295.99100%Overvalued
Key Drivers: Wide model spread (₹287–₹3,536) — high uncertainty.

PE-ROE · Graham · EPV · DCF · NAV · EV/EBITDA · DDM · Earnings Yield · ROCE Capital · Revenue Multiple | CoE: 12% · Terminal: 4% · EPS CAGR: 13.8%

*Investments are subject to market risks

Analyst Summary

Avenue Supermarts Ltd operates in the Retail - Departmental Stores segment, NSE: DMART | BSE: 540376, current market price is ₹3,688.00, market cap is 2,40,548 Cr.. At a glance, stock P/E is 78.7, ROE is 12.9 %, ROCE is 17.2 %, book value is 375, dividend yield is 0.00 %. The latest intrinsic value estimate is ₹1,295.99, around 64.9% below the current price, so expectations may already be running ahead of this modelled fair value. On operating trend, latest reported sales are about ₹59,358 Cr versus the prior period change of 16.9%, while latest net profit is about ₹2,707 Cr with a prior-period change of 6.7%. The 52-week range shown on this page is 4,818/3,529, which helps frame where the current quote sits within its recent trading band. Business context: About the Company - Qualitative AnalysisAvenue 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…

This summary is generated from the stock page data available for Avenue Supermarts Ltd: Intrinsic Value & Share Price Analysis and is refreshed automatically when the underlying metrics change.

Investment Snapshot

66
Avenue Supermarts Ltd scores 66/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health77/100 · Strong
ROCE 17.2% GoodROE 12.9% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.49% (6mo) Slight increasePromoter holding at 74.5% Stable
Earnings Quality60/100 · Moderate
OPM stable around 8% SteadyWorking capital: 23 days (improving) Efficient
Quarterly Momentum68/100 · Strong
Revenue (4Q): +15% YoY GrowingProfit (4Q): +5% YoY Positive
Industry Rank55/100 · Moderate
P/E 78.7 vs industry 42.5 Premium to peersROCE 17.2% vs industry 12.5% Above peersROE 12.9% vs industry 26.1% Below peers3Y sales CAGR: 24% High growth

Weights: Health 30% · Earnings Quality 25% · Momentum 20% · Industry Rank 15% · Smart Money 10%. Scores are computed from reported financials and recalculated daily.

Share Price and Basic Stock Data

Last Updated: September 14, 2026, 12:44 pm

Market Cap 2,40,548 Cr.
Current Price 3,688
Intrinsic Value₹1,295.99
High / Low 4,818/3,529
Stock P/E78.7
Book Value 375
Dividend Yield0.00 %
ROCE17.2 %
ROE12.9 %
Face Value 10.0
PEG Ratio5.69

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

View Share Price Target for Avenue Supermarts Ltd

Competitors

Stock Name ⇩Market Cap ⇩Current Price ⇩High / Low ⇩Stock P/E ⇩Book Value ⇩Dividend Yield ⇩ROCE ⇩ROE ⇩Face Value ⇩
Avenue Supermarts Ltd 2,40,548 Cr. 3,688 4,818/3,52978.7 3750.00 %17.2 %12.9 % 10.0
V-Mart Retail Ltd 6,437 Cr. 809 888/45846.4 1200.12 %13.2 %14.2 % 10.0
Shoppers Stop Ltd 4,138 Cr. 375 572/267 26.40.00 %7.03 %6.37 % 5.00
Spencers Retail Ltd 255 Cr. 28.3 61.4/24.3 1010.00 %9.34 %% 5.00
Future Market Networks Ltd 124 Cr. 2.28 / 20.60.00 %13.3 %116 % 2.00
Industry Average50,300.40 Cr614.5042.5084.810.02%12.47%26.05%6.00

All Competitor Stocks of Avenue Supermarts Ltd

Quarterly Result

MetricDec 2022Mar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Sales 11,56910,59411,86512,62413,57212,72714,06914,44415,97314,87216,36016,67618,101
Expenses 10,6049,82310,83011,61912,45311,78312,84813,35114,75513,91715,06115,46316,638
Operating Profit 9657721,0351,0051,1209441,2211,0941,2179551,2991,2141,463
OPM % 8%7%9%8%8%7%9%8%8%6%8%7%8%
Other Income 32333937333842342425192017
Interest 17161516151316161819293537
Depreciation 168164162174189205193208228241232253268
Profit before tax 8126258978529497631,0549039957201,0579451,175
Tax % 27%26%27%27%27%26%27%27%27%24%27%28%27%
Net Profit 590460659623690563774659724551773685856
EPS in Rs 9.107.1010.129.5810.618.6611.8910.1411.128.4711.8810.5313.15

Last Updated: January 13, 2026, 12:16 am

Quarterly Chart

Profit & Loss - Annual Report

Last Updated: February 23, 2026, 11:16 am

MetricMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025TTM
Sales 4,6866,4398,58411,89815,03320,00524,87024,14330,97642,84050,78959,35866,009
Expenses 4,3455,9837,91910,92913,68018,37122,74222,39828,47439,20146,68354,86461,078
Operating Profit 3414566649691,3531,6332,1281,7452,5023,6394,1064,4954,931
OPM % 7%7%8%8%9%8%9%7%8%8%8%8%7%
Other Income 1620172888486019411412814511781
Interest 5672911226047694254675869120
Depreciation 578298128159212374414498639731870994
Profit before tax 2453234927471,2221,4221,7451,4832,0643,0603,4613,6733,898
Tax % 34%34%35%36%34%37%25%26%28%22%27%26%
Net Profit 1612123204798069021,3011,0991,4922,3782,5362,7072,864
EPS in Rs 2.953.775.707.6712.9214.4620.0916.9723.0436.6938.9741.6144.03
Dividend Payout % 0%0%0%0%0%0%0%0%0%0%0%0%

Profit & Loss Yearly Chart

YoY Net Profit Growth

Year2014-20152015-20162016-20172017-20182018-20192019-20202020-20212021-20222022-20232023-20242024-2025
YoY Net Profit Growth (%)31.68%50.94%49.69%68.27%11.91%44.24%-15.53%35.76%59.38%6.64%6.74%
Change in YoY Net Profit Growth (%)0.00%19.27%-1.26%18.58%-56.36%32.32%-59.76%51.29%23.62%-52.74%0.10%

Avenue Supermarts Ltd has shown an inconsistent trend in YoY Net Profit Growth (%) in the last 11 years from 2014-2015 to 2024-2025.

Growth

Compounded Sales Growth
10 Years:25%
5 Years:19%
3 Years:24%
TTM:16%
Compounded Profit Growth
10 Years:29%
5 Years:16%
3 Years:22%
TTM:2%
Stock Price CAGR
10 Years:%
5 Years:16%
3 Years:2%
1 Year:-5%
Return on Equity
10 Years:14%
5 Years:13%
3 Years:15%
Last Year:13%

Last Updated: September 5, 2025, 12:05 am

Balance Sheet

Last Updated: August 28, 2026, 5:00 am

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Equity Capital 562562624624624648648648648651651652
Reserves 6389593,2184,0454,96310,43211,53613,03015,43018,04720,77723,812
Borrowings 9041,1921,4974397003333936476435928202,425
Other Liabilities 2513894805407186631,0791,1461,3831,8822,0652,629
Total Liabilities 2,3553,1025,8195,6487,00612,07613,65515,47118,10521,17224,31329,518
Fixed Assets 1,5282,0942,5783,4004,4005,9487,0099,26011,34013,41516,20620,090
CWIP 98821531473773641,0201,1298299351,0991,300
Investments 1529266817153620210734
Other Assets 7138973,0632,0332,2125,7495,6245,0765,7336,7167,0048,123
Total Assets 2,3553,1025,8195,6487,00612,07613,65515,47118,10521,17224,31329,518

Reserves and Borrowings Chart

Cash Flow

MonthMar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Mar 2026
Cash from Operating Activity + 2224334557308071,2801,3751,3722,6302,7462,4633,467
Cash from Investing Activity + -474-633-2,482464-958-4,657-1,110-1,289-2,313-2,468-2,185-4,207
Cash from Financing Activity + 2341962,025-1,1592093,357-180-179-205-148-259288
Net Cash Flow -17-3-13457-1986-9611213018-452
Free Cash Flow -255435-180-179-602-426-652-1,01742424-954-646
CFO/OP 71%90%74%84%80%83%94%77%92%85%76%87%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow341.00-448.00663.00968.00-438.00-699.00-331.00-392.00-645.00-640.00-588.00-816.00

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 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Debtor Days 100111011111
Inventory Days 353634343435344038333336
Days Payable 1181099108108888
Cash Conversion Cycle 242824262526263031262630
Working Capital Days 2022641611222323202523
ROCE %21%21%24%21%24%26%20%13%16%20%19%18%

Financial Efficiency Indicators Chart

Share Holding Pattern

MonthSep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Jun 2026
Promoters 74.64%74.64%74.64%74.64%74.64%74.64%74.64%74.65%74.65%74.65%74.51%74.48%
FIIs 7.67%7.96%8.26%9.22%9.95%8.96%8.18%8.25%8.73%8.71%9.00%9.22%
DIIs 8.25%8.45%8.51%7.95%7.43%8.07%9.08%9.22%9.02%8.83%8.77%8.67%
Government 0.04%0.06%0.06%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
Public 9.41%8.87%8.50%8.09%7.91%8.24%8.04%7.79%7.53%7.75%7.64%7.55%
No. of Shareholders 8,15,5627,40,0376,84,3266,19,8435,90,2527,09,5826,71,8506,18,9965,85,5105,99,2965,73,7645,42,175

Shareholding Pattern Chart

No. of Shareholders

Avenue Supermarts Ltd: Intrinsic Value & Share Price Analysis - Shareholder trend analysis

Mutual Fund Holdings

Fund NameNo of SharesAUM (%)Amount Invested (Cr)Previous Number of SharesPrevious DatePercentage Change
ICICI Prudential Multi Asset Fund 3,416,652 1.56 1260.572,841,1562026-02-23 01:39:4820.26%
SBI Equity Hybrid Fund 3,300,000 1.5 1217.543,300,0002025-04-22 15:16:470%
ICICI Prudential Equity & Debt Fund 3,218,463 2.41 1187.453,170,4632026-01-24 13:18:291.51%
SBI Large Cap Fund 3,080,000 2.07 1136.372,904,3502026-01-26 02:18:526.05%
Nippon India Large Cap Fund 2,484,880 1.83 916.82,333,8502026-01-26 01:36:436.47%
ICICI Prudential Flexicap Fund 2,360,628 4.43 870.952,232,5472026-01-25 05:51:055.74%
ICICI Prudential Balanced Advantage Fund 2,220,593 1.16 819.291,895,7162026-02-23 00:30:0317.14%
UTI Flexi Cap Fund 1,936,500 3.03 714.471,943,0162026-01-24 13:18:29-0.34%
ICICI Prudential ELSS Tax Saver Fund 1,683,535 4.36 621.141,513,4012025-12-07 00:01:4611.24%
ICICI Prudential Large & Mid Cap Fund 1,679,872 2.26 619.791,528,6662026-02-23 01:39:489.89%

ROCE Trend

EPS Trend

Key Financial Ratios

MonthMar 25Mar 24Mar 23Mar 22Mar 21
FaceValue 10.0010.0010.0010.0010.00
Basic EPS (Rs.) 41.6138.9936.7223.0416.97
Diluted EPS (Rs.) 41.5038.9336.4922.8616.85
Cash EPS (Rs.) 54.9750.2046.5430.7323.37
Book Value[Excl.RevalReserv]/Share (Rs.) 329.29287.34248.01211.15188.09
Book Value[Incl.RevalReserv]/Share (Rs.) 329.29287.34248.01211.15188.09
Revenue From Operations / Share (Rs.) 912.18780.49660.84478.20372.71
PBDIT / Share (Rs.) 70.8765.3158.1040.3829.94
PBIT / Share (Rs.) 57.5154.0848.2432.7023.54
PBT / Share (Rs.) 56.4453.1947.2031.8622.90
Net Profit / Share (Rs.) 41.6138.9736.6923.0416.97
NP After MI And SOA / Share (Rs.) 41.6238.9736.6923.0416.97
PBDIT Margin (%) 7.768.368.798.448.03
PBIT Margin (%) 6.306.927.306.836.31
PBT Margin (%) 6.186.817.146.666.14
Net Profit Margin (%) 4.564.995.554.814.55
NP After MI And SOA Margin (%) 4.564.995.554.814.55
Return on Networth / Equity (%) 12.6313.5614.7910.919.02
Return on Capital Employeed (%) 16.9218.3318.7914.8512.15
Return On Assets (%) 11.1311.9713.139.648.05
Asset Turnover Ratio (%) 2.612.592.482.091.85
Current Ratio (X) 2.893.133.712.833.67
Quick Ratio (X) 0.601.151.500.571.64
Inventory Turnover Ratio (X) 13.2314.170.000.000.00
Interest Coverage Ratio (X) 66.4073.1255.8748.6346.56
Interest Coverage Ratio (Post Tax) (X) 39.9844.6236.2828.7427.40
Enterprise Value (Cr.) 265018.20294099.73219214.08258774.04183431.62
EV / Net Operating Revenue (X) 4.465.795.128.357.60
EV / EBITDA (X) 57.4769.2058.2098.9294.59
MarketCap / Net Operating Revenue (X) 4.475.805.158.367.66
Price / BV (X) 12.3815.7613.7218.9415.17
Price / Net Operating Revenue (X) 4.475.805.158.367.66
EarningsYield 0.010.010.010.010.01

Profitability Ratios (%)

Liquidity Ratios

Liquidity Ratios (%)

Interest Coverage Ratios (%)

Valuation Ratios

[display_about_company_data title=”About the Company – Qualitative Analysis”]

FAQ

What is the intrinsic value of Avenue Supermarts Ltd and is it undervalued?

As of 16 September 2026, Avenue Supermarts Ltd's intrinsic value is ₹1295.99, which is 64.86% lower than the current market price of ₹3,688.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (12.9 %), book value (₹375), dividend yield (0.00 %), and 5-year EPS CAGR.

What is the current share price and 52-week range of Avenue Supermarts Ltd?

Avenue Supermarts Ltd is trading at ₹3,688.00 as of 16 September 2026, with a FY2026-2027 high of ₹4,818 and low of ₹3,529. The stock is currently near its 52-week low. Market cap stands at ₹2,40,548 Cr..

How does Avenue Supermarts Ltd's P/E ratio compare to its industry?

Avenue Supermarts Ltd has a P/E ratio of 78.7, which is above the industry average of 42.50. The premium over industry average may reflect growth expectations or speculative interest.

Is Avenue Supermarts Ltd financially healthy?

Key indicators for Avenue Supermarts Ltd: ROCE of 17.2 % indicates efficient capital utilization. Dividend yield is 0.00 %.

Is Avenue Supermarts Ltd profitable and how is the profit trend?

Avenue Supermarts Ltd reported a net profit of ₹2,707 Cr in Mar 2025 on revenue of ₹59,358 Cr. Compared to ₹1,492 Cr in Mar 2022, the net profit shows an improving trend.

Does Avenue Supermarts Ltd pay dividends?

Avenue Supermarts Ltd has a dividend yield of 0.00 % at the current price of ₹3,688.00. The company is currently not paying meaningful dividends.

Last Updated: September 14, 2026, 12:44 pm
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540376 | NSE: DMART
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 Avenue Supermarts Ltd. 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
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