Avenue Supermarts Ltd

NSE: DMART BSE: 540376FMCG

Avenue Supermarts Limited (DMart) is a national supermarket chain, with a focus on value-retailing. We offer a wide range of products with a focus on the Foods, Non-Foods (FMCG) and General Merchandise & Apparel product categories.[1]

₹4,302

52W: ₹3529 — ₹4950

PE 87 · Book ₹391 · +1000% vs book

Market Cap₹2,80,554 Cr

Stock P/E87Price to Earnings

ROCE17.5%Return on Capital

ROE13.5%Return on Equity

Div. Yield0%Face Value ₹10

Strengths

+Company is almost debt free.
+Company's median sales growth is 25.1% of last 10 years

Weaknesses

−Stock is trading at 11.0 times its book value
−Though the company is reporting repeated profits, it is not paying out dividend

Shareholding Pattern

Promoters74.51%

FIIs9%

DIIs8.77%

Public7.64%

Category	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Promoters	74.64%	74.64%	74.64%	74.64%	74.65%▲0.0	74.65%	74.65%	74.51%▼0.1
FIIs	9.22%	9.95%▲0.7	8.96%▼1.0	8.18%▼0.8	8.25%▲0.1	8.73%▲0.5	8.71%▼0.0	9%▲0.3
DIIs	7.95%	7.43%▼0.5	8.07%▲0.6	9.08%▲1.0	9.22%▲0.1	9.02%▼0.2	8.83%▼0.2	8.77%▼0.1
Public	8.09%	7.91%▼0.2	8.24%▲0.3	8.04%▼0.2	7.79%▼0.2	7.53%▼0.3	7.75%▲0.2	7.64%▼0.1

Financial Statements

Metric	Dec 2023	Mar 2024	Jun 2024	Sep 2024	Dec 2024	Mar 2025	Jun 2025	Sep 2025	Dec 2025	Mar 2026
Sales	13,247	12,393	13,712	14,050	15,565	14,462	15,932	16,219	17,613	17,204
Expenses	12,126	11,453	12,491	12,945	14,330	13,481	14,619	14,989	16,132	15,973
Operating Profit	1,121	940	1,221	1,105	1,235	981	1,313	1,230	1,481	1,231
OPM %	8%	8%	9%	8%	8%	7%	8%	8%	8%	7%
Net Profit	737	604	812	710	785	620	830	747	923	725
EPS ₹	11.32	9.28	12.49	10.92	12.06	9.52	12.75	11.47	14.18	11.11

AI Insights

Revenue Trend

Mar 2026 revenue at ₹66,968Cr, up 15.9% YoY. OPM at 8%.

Debt Position

Borrowings at ₹2,267Cr. Debt-to-equity ratio: 0.09x. Healthy balance sheet.

Capex Cycle

CWIP at ₹1,284Cr (7% of fixed assets). Moderate ongoing capital expenditure.

Institutional Flow

DIIs: 8.77% (+1.11pp change). FIIs: 9% (+0.83pp change). Promoters hold 74.51%.

Margin & Efficiency

ROCE declining from 21% (Mar 2015) to 18% (Mar 2026). Working capital days: 18.

Valuation

PE 87x with 17.5% ROCE. Price is 1000% above book value of ₹391. Dividend yield: 0%.