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Last Updated: April 2, 2026, 2:39 am
Author: Getaka|Social: XLinkedIn
Stock Ticker - BSE: 540376 | NSE: DMART

Avenue Supermarts Ltd: Intrinsic Value & Share Price Analysis

Fair Value

₹3,729.59Overvalued by 12.68%vs CMP ₹4,271.00

P/E (96.9) × ROE (13.4%) × BV (₹352.00) × DY (2.00%)

₹1,455.04Overvalued by 65.93%vs CMP ₹4,271.00
MoS: -193.5% (Negative)Confidence: 63/100 (Moderate)Models: 1 Fair, 8 Over
ModelCategoryValueWeightSignal
PE-ROEEarnings₹4,245.3623%Fair (-0.6%)
Graham NumberEarnings₹590.5216%Over (-86.2%)
Earnings PowerEarnings₹300.6411%Over (-93%)
DCFCash Flow₹827.6914%Over (-80.6%)
Net Asset ValueAssets₹352.147%Over (-91.8%)
EV/EBITDAEnterprise₹965.689%Over (-77.4%)
Earnings YieldEarnings₹440.307%Over (-89.7%)
ROCE CapitalReturns₹381.617%Over (-91.1%)
Revenue MultipleRevenue₹1,369.775%Over (-67.9%)
Consensus (9 models)₹1,455.04100%Overvalued
Key Drivers: Wide model spread (₹301–₹4,245) — 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

Investment Snapshot

67
Avenue Supermarts Ltd scores 67/100 (Average)
Based on 5 dimensions: health, institutional flow, earnings quality, momentum, and peer comparison
Stock Health77/100 · Strong
ROCE 18.0% GoodROE 13.4% GoodD/E 0.00 Low debtInterest Coverage 0.0x RiskyProfitable 5/5 years Consistent
Smart Money60/100 · Moderate
FII holding up 0.53% (6mo) Slight increasePromoter holding at 74.7% 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 Rank65/100 · Strong
P/E 96.9 vs industry 34.1 Premium to peersROCE 18.0% vs industry 11.6% Above 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. Not investment advice.

Share Price and Basic Stock Data

Last Updated: April 2, 2026, 2:39 am

Market Cap 2,77,622 Cr.
Current Price 4,271
Intrinsic Value₹1,455.04
High / Low 4,950/3,529
Stock P/E96.9
Book Value 352
Dividend Yield0.00 %
ROCE18.0 %
ROE13.4 %
Face Value 10.0
PEG Ratio7.01

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 2,77,622 Cr. 4,271 4,950/3,52996.9 3520.00 %18.0 %13.4 % 10.0
V-Mart Retail Ltd 3,839 Cr. 483 962/45832.3 1060.00 %8.50 %3.08 % 10.0
Shoppers Stop Ltd 3,285 Cr. 298 589/267 26.10.00 %7.96 %3.39 % 5.00
Spencers Retail Ltd 252 Cr. 28.0 72.0/24.3 87.30.00 %9.72 %% 5.00
Future Market Networks Ltd 124 Cr. 2.28 / 20.60.00 %13.3 %116 % 2.00
Industry Average47,537.50 Cr637.3034.1378.480.00%11.59%25.33%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: December 4, 2025, 1:00 am

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025Sep 2025
Equity Capital 547562562624624624648648648648651651651
Reserves 4096389593,2184,0454,96310,43211,53613,03015,43018,04720,77722,239
Borrowings 6419041,1921,4974397003333936476435928201,609
Other Liabilities 2112513894805407186631,0791,1461,3831,8822,0652,415
Total Liabilities 1,8082,3553,1025,8195,6487,00612,07613,65515,47118,10521,17224,31326,914
Fixed Assets 1,1721,5282,0942,5783,4004,4005,9487,0099,26011,34013,41516,20617,652
CWIP 8998821531473773641,0201,1298299351,0991,525
Investments 161529266817153620210733
Other Assets 5327138973,0632,0332,2125,7495,6245,0765,7336,7167,0047,735
Total Assets 1,8082,3553,1025,8195,6487,00612,07613,65515,47118,10521,17224,31326,914

Reserves and Borrowings Chart

Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Cash from Operating Activity + 1982224334557308071,2801,3751,3722,6302,7462,463
Cash from Investing Activity + -270-474-633-2,482464-958-4,657-1,110-1,289-2,313-2,468-2,185
Cash from Financing Activity + 652341962,025-1,1592093,357-180-179-205-148-259
Net Cash Flow -7-17-3-13457-1986-9611213018
Free Cash Flow -72-255435-180-179-602-426-652-1,01742424-954
CFO/OP 80%71%90%74%84%80%83%94%77%92%85%76%

Free Cash Flow

MonthMar 2014Mar 2015Mar 2016Mar 2017Mar 2018Mar 2019Mar 2020Mar 2021Mar 2022Mar 2023Mar 2024Mar 2025
Free Cash Flow-300.00-448.00663.00968.00-438.00-699.00-331.00-392.00-645.00-640.00-588.00-816.00

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

MonthMar 2023Jun 2023Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025
Promoters 74.93%74.64%74.64%74.64%74.64%74.64%74.64%74.64%74.64%74.65%74.65%74.65%
FIIs 8.17%8.17%7.67%7.96%8.26%9.22%9.95%8.96%8.18%8.25%8.73%8.71%
DIIs 7.49%7.66%8.25%8.45%8.51%7.95%7.43%8.07%9.08%9.22%9.02%8.83%
Government 0.03%0.04%0.04%0.06%0.06%0.07%0.07%0.07%0.07%0.07%0.07%0.07%
Public 9.37%9.49%9.41%8.87%8.50%8.09%7.91%8.24%8.04%7.79%7.53%7.75%
No. of Shareholders 8,35,8508,13,2458,15,5627,40,0376,84,3266,19,8435,90,2527,09,5826,71,8506,18,9965,85,5105,99,296

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

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 sale in non-specialized stores. Company's Total Operating Revenue is Rs. 57789.81 Cr. and Equity Capital is Rs. 650.73 Cr. for the Year ended 31/03/2025.
INDUSTRYADDRESSCONTACT
Retail - Departmental StoresAnjaneya Co-op. Housing Society Ltd., Orchard Avenue, Mumbai Maharashtra 400076Contact not found
Management
NamePosition Held
Mr. Chandrashekhar BhaveChairman & Ind.Director
Mr. Ignatius Navil NoronhaManaging Director & CEO
Mr. Ramakant BahetiWholeTime Director & Group CFO
Mr. Elvin MachadoWhole Time Director
Mr. N BhaskaranWhole Time Director
Mrs. Manjri ChandakNon Executive Director
Ms. Kalpana UnadkatIndependent Director
Mr. Harischandra M BharukaIndependent Director

FAQ

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

As of 16 April 2026, Avenue Supermarts Ltd's intrinsic value is ₹1455.04, which is 65.93% lower than the current market price of ₹4,271.00, suggesting the stock is overvalued. This is calculated using the PE ratio method factoring in ROE (13.4 %), book value (₹352), 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 ₹4,271.00 as of 16 April 2026, with a FY2026-2027 high of ₹4,950 and low of ₹3,529. The stock is currently in the middle of its 52-week range. Market cap stands at ₹2,77,622 Cr..

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

Avenue Supermarts Ltd has a P/E ratio of 96.9, which is above the industry average of 34.13. This significantly elevated P/E suggests the market expects strong future growth, or the stock may be overpriced relative to current earnings.

Is Avenue Supermarts Ltd financially healthy?

Key indicators for Avenue Supermarts Ltd: ROCE of 18.0 % 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 ₹4,271.00. The company is currently not paying meaningful dividends.

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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