Avenue Supermarts Ltd. (IN:DMART)
:DMART
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Avenue Supermarts Ltd.
(DMART)
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Rating:58Neutral
Price Target:
₹3,802.00
▼(-0.65% Downside)
Action:ReiteratedDate:10/07/25
The overall stock score is primarily impacted by the strong financial performance, particularly in revenue growth and profitability. However, bearish technical indicators and a high P/E ratio suggest caution. The lack of dividend yield and challenges in cash flow management further weigh on the stock's attractiveness.
Positive Factors
Consistent revenue growth
Sustained ~16.9% revenue growth indicates durable demand for DMart's value-focused retail format. Over 2-6 months this supports expanding market share, provides scale for purchasing leverage, and underpins reinvestment for new stores and logistics, sustaining long-term top-line strength.
Negative Factors
Negative free cash flow
Persistently negative FCF signals that operating profits may not be converting fully to cash after capex, likely due to heavy investment in store ownership. Over a multi-month horizon this can constrain organic expansion, increase reliance on external funding, and limit free-cash deployment.
Read all positive and negative factors
Positive Factors
Negative Factors
Consistent revenue growth
Sustained ~16.9% revenue growth indicates durable demand for DMart's value-focused retail format. Over 2-6 months this supports expanding market share, provides scale for purchasing leverage, and underpins reinvestment for new stores and logistics, sustaining long-term top-line strength.
Read all positive factors
Avenue Supermarts Ltd. (DMART) vs. iShares MSCI India ETF (INDA)
Market Cap
₹2.84T
Dividend YieldN/A
Average Volume (3M)17.37K
Price to Earnings (P/E)71.9
Beta (1Y)0.82
Revenue Growth16.54%
EPS Growth1.69%
CountryIN
Employees13,971
SectorConsumer Defensive
Sector Strength42
IndustryDiscount Stores
Share Statistics
EPS (TTM)13.21
Shares Outstanding650,733,100
10 Day Avg. Volume30,778
30 Day Avg. Volume17,368
Financial Highlights & Ratios
PEG Ratio14.36
Price to Book (P/B)12.19
Price to Sales (P/S)4.40
P/FCF Ratio-272.11
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price Target
₹4,300.00Price Target Upside12.37% Upside
Rating ConsensusModerate Buy
Number of Analyst Covering3
EPS Forecast (FY)56.59
Revenue Forecast (FY)₹797.37B
Avenue Supermarts Ltd. Business Overview & Revenue Model
Company Description
Avenue Supermarts Limited engages in the business of organized retail and operates supermarkets under the D-Mart brand name. It offers food products, including groceries, staples, processed foods, dairy and frozen products, beverages and confectio...
How the Company Makes Money
Avenue Supermarts makes money mainly by selling consumer goods through its DMart retail stores. Its core revenue stream is merchandise sales across categories such as grocery and staples, packaged foods, home and personal care, apparel, and other ...
Avenue Supermarts Ltd. Financial Statement Overview
Summary
Income Statement
85
Very Positive
Balance Sheet
80
Positive
Cash Flow
70
Positive
| Breakdown | TTM | Mar 2025 | Mar 2024 | Mar 2023 | Mar 2022 | Mar 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 638.80B | 593.58B | 507.89B | 428.40B | 309.76B | 241.43B |
| Gross Profit | 92.53B | 85.83B | 73.30B | 63.14B | 44.80B | 35.05B |
| EBITDA | 44.95B | 42.64B | 39.15B | 34.66B | 23.63B | 16.38B |
| Net Income | 27.33B | 27.08B | 25.36B | 23.79B | 14.93B | 10.99B |
Balance Sheet | ||||||
| Total Assets | 269.14B | 243.20B | 211.77B | 181.06B | 154.73B | 136.56B |
| Cash, Cash Equivalents and Short-Term Investments | 2.10B | 3.59B | 16.79B | 16.10B | 3.04B | 14.48B |
| Total Debt | 16.09B | 8.20B | 5.92B | 6.43B | 6.47B | 3.93B |
| Total Liabilities | 40.26B | 28.94B | 24.80B | 20.28B | 17.95B | 14.72B |
| Stockholders Equity | 228.90B | 214.28B | 186.98B | 160.79B | 136.78B | 121.84B |
Cash Flow | ||||||
| Free Cash Flow | 0.00 | -9.60B | 145.90M | 5.47B | -10.38B | -6.54B |
| Operating Cash Flow | 0.00 | 24.63B | 27.46B | 26.30B | 13.72B | 13.75B |
| Investing Cash Flow | 0.00 | -21.85B | -24.68B | -23.13B | -12.89B | -11.10B |
| Financing Cash Flow | 0.00 | -2.59B | -1.48B | -2.05B | -1.79B | -1.79B |
Avenue Supermarts Ltd. Technical Analysis
Positive
3826.80
Price Trends
3851.14
Positive
3871.48
Positive
4113.51
Positive
Market Momentum
69.54
Negative
73.43
Negative
93.19
Negative
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For IN:DMART, the sentiment is Positive. The current price of 3826.8 is below the 20-day moving average (MA) of 3897.35, below the 50-day MA of 3851.14, and below the 200-day MA of 4113.51, indicating a bullish trend. The MACD of 69.54 indicates Negative momentum. The RSI at 73.43 is Negative, neither overbought nor oversold. The STOCH value of 93.19 is Negative, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Positive sentiment for IN:DMART.
Avenue Supermarts Ltd. Peers Comparison
UnderperformOutperform
Sector (62)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | ₹3.67T | 25.57 | ― | 3.52% | 4.55% | 70.17% | |
65 Neutral | ₹61.99B | 27.45 | ― | 0.40% | 11.41% | 18.79% | |
65 Neutral | ₹297.93B | 31.38 | ― | 1.29% | 24.53% | 39.08% | |
62 Neutral | $20.33B | 14.63 | -3.31% | 3.23% | 1.93% | -12.26% | |
62 Neutral | ₹28.92B | 30.82 | ― | 0.54% | 9.83% | -0.92% | |
61 Neutral | ₹200.63B | 89.83 | ― | 0.61% | 10.61% | 7.97% | |
58 Neutral | ₹2.84T | 71.89 | ― | ― | 16.54% | 1.69% |
* Consumer Defensive Sector Average
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Avenue Supermarts Ltd.
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Avenue Supermarts Ltd. Corporate Events
Avenue Supermarts Vests 1.51 Million ESOPs Under 2016 Scheme
Mar 14, 2026
Avenue Supermarts has vested 1,512,909 stock options to eligible employees and subsidiaries’ staff under its 2016 Employee Stock Option Scheme, Class A, with each option convertible into one equity share at an exercise price of Rs. 299. The ...
DMart Parent Avenue Supermarts Names Kalpana Unadkat as Chairperson from April 2026
Mar 14, 2026
Avenue Supermarts has announced a leadership transition at the board level, with Independent Director Kalpana Unadkat appointed as Chairperson effective 1 April 2026. She succeeds Chandrashekhar Bhave, whose second term as Independent Director and...
Avenue Supermarts Updates Key Executives Authorized for Market Disclosures
Mar 14, 2026
Avenue Supermarts Limited has updated its list of key managerial personnel who are authorized to assess the materiality of corporate events or information and to make statutory disclosures to Indian stock exchanges, effective 1 April 2026. The com...
Avenue Supermarts Adds Eight New DMart Stores, Reaches 461 Outlets Nationwide
Mar 8, 2026
Avenue Supermarts Ltd., which operates the DMart chain of value-focused supermarkets across India, continues to expand its nationwide footprint in the organized retail sector. The company offers a wide range of food, grocery, and household product...
Avenue Supermarts Shareholders Approve Appointment of New MD and CEO
Feb 24, 2026
Avenue Supermarts Ltd. has announced that its shareholders have approved, via remote e-voting through a postal ballot, the appointment of Mr. Anshul Asawa as Managing Director and designated Chief Executive Officer for a three-year term from April...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.