On 6 Nov 2026, Avenue Supermarts was priced at ₹3,425.00, or 71.6× trailing earnings, against an industry P/E of 24.5×, and the shares are 26% below their 52-week high. It earns ROCE of 16% and ROE of 13%, and sales and net profit grew 17% and 7.7% a year over 3 years. Debt is 0.16× equity. It is a large-cap company with a market cap of ₹2.2 lakh crore, ranked 2nd of 235 Discount Stores companies by market cap; the shares fell 18% over the past year.
- ₹3,421.00
- ₹3,438.40
- ₹3,405.80
- ₹3,420.00
- 3.2 L
Health check
- ReturnsBehind
−18.2% over a year, better than 1 of 7 peers.
- Price tagPricier
P/E 71.6 vs industry 24.5.
- GrowthSlow
Sales +17.1%, profit +7.7% a year over 3 years.
- ProfitabilityAverage
ROCE 16.4% vs peer median 7.2%.
- Balance sheetFair
Debt 0.16× equity, interest covered 29.8×, Piotroski 4 of 9.
- Red flags1 to check
P/E of 71.6 against an industry P/E of 24.5.
Large cap
Defensive
Key metrics
- Market cap
- ₹2.2L Cr
- Large cap
- P/E
- 71.6
- Industry 24.5
- Price to book
- 8.56
- Peers 13.48
- Dividend yield
- 0.00%
- ROE
- 12.7%
- Peers 6.7%
- ROCE
- 16.4%
- Peers 7.2%
- Debt to equity
- 0.16
- Debt ₹4,264 Cr
- EPS (TTM)
- ₹47.82
- Face value ₹10
- OPM (TTM)
- 7.5%
- Net margin 4.2%
- Sales growth
- +17.8%
- Latest quarter vs a year ago
- Profit growth
- +8.7%
- Latest quarter vs a year ago
- Price to sales
- 3.01
- EV/EBITDA 42.9
Strengths and risks
Strengths
- Quarterly sales up 17.8% on a year ago.
- Positive operating cash flow in each of the last 4 years.
Risks to check
- P/E of 71.6 against an industry P/E of 24.5.
About Avenue Supermarts
Avenue Supermarts Limited engages in the business of organized retail and operation of supermarkets under the D-Mart brand name in India. The company offers food products, such as groceries, staples, processed food products, dairy, frozen products, beverages and confectionery products, and fruits and vegetables; non-food products, including home care and personal care products, toiletries, and other over the counter products; and general merchandise and…
- Headquarters
- Mumbai
- Employees
- 20,994
- Sector
- Consumer Defensive
- ISIN
- INE192R01011
- Website
- dmartindia.com
Price range
- Avg volume (3M)
- 5.9 L
- 1-year return
- minus 18.2%
- From 52-week high
- minus 26.2%
Analyst consensus
Next results expected around 7 Jan 2027
Peers · Discount Stores
| Company | ||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| ETERNALEternal | 363.15 | plus 1.35% | 3,34,562 | 685.2 | 10.37 | 2.9% | 1.6% | 2.8% | 97.7% | – | 0.00% | plus 14.3% |
| DMARTAvenue Supermarts | 3,425.00 | plus 0.15% | 2,23,416 | 71.6 | 8.56 | 16.4% | 12.7% | 7.5% | 17.1% | 7.7% | 0.00% | minus 18.2% |
| TRENTTrent | 3,079.00 | plus 0.79% | 1,64,182 | 86.6 | 21.13 | 28.2% | 27.1% | 19.2% | 34.7% | 57.0% | 0.13% | minus 34.5% |
| INDHOTELIndian Hotels Co. | 888.00 | plus 1.49% | 1,26,401 | 57.2 | 9.27 | 17.4% | 16.5% | 32.9% | 18.6% | 27.6% | 0.37% | plus 17.7% |
| LENSKARTLenskart Solutions | 724.75 | plus 0.89% | 1,25,562 | 160.7 | 13.48 | 7.2% | 6.7% | 20.8% | – | – | 0.00% | plus 79.8% |
| MEESHOMeesho | 233.48 | minus 0.02% | 1,08,125 | – | 26.26 | −27.0% | −36.5% | −8.4% | 30.1% | – | 0.00% | plus 37.3% |
| NYKAAFSN E-Commerce Ventures | 353.00 | plus 0.77% | 1,01,158 | 315.2 | 61.43 | 24.0% | 20.8% | 8.4% | 24.7% | 117.9% | 0.00% | plus 39.7% |
| NAUKRIInfo Edge (India) | 1,191.90 | minus 2.10% | 77,236 | 43.9 | 1.67 | 4.7% | 4.4% | 38.1% | 11.9% | – | 0.96% | minus 9.1% |
| Median of 7 peers | – | 0.79% | 1,25,562 | 123.7 | 13.48 | 7.2% | 6.7% | 19.2% | 27.4% | 57.0% | 0.00% | 17.7% |
Quarterly results
| ₹ Cr | Jun 25 | Dec 25 | Mar 26 | Jun 26 | Sep 26 |
|---|---|---|---|---|---|
| 16,360 | 18,101 | 17,684 | 18,795 | 19,644 | |
| 15,061 | 16,638 | 16,473 | 17,295 | 18,251 | |
| 1,299 | 1,463 | 1,211 | 1,499 | 1,393 | |
| 7.9% | 8.1% | 6.8% | 8.0% | 7.1% | |
| 19.4 | 16.9 | 18.2 | 25.8 | 13.5 | |
| 29.3 | 36.8 | 41 | 54.3 | 63.9 | |
| 232 | 268 | 284 | 288 | 318 | |
| 1,057 | 1,175 | 904 | 1,183 | 1,025 | |
| 26.9% | 27.2% | 27.4% | 27.3% | 27.5% | |
| 773 | 856 | 657 | 861 | 744 | |
| 11.85 | 13.13 | 10.09 | 13.20 | 11.40 |
Profit & loss
- Sales CAGR 3Y
- +17.1%
- Profit CAGR 3Y
- +7.7%
- EPS CAGR 3Y
- +7.7%
- ROE
- 12.7%
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 42,735 | 50,701 | 59,233 | 68,685 | |
| – | +18.6% | +16.8% | +16.0% | |
| 39,097 | 46,595 | 54,739 | 63,496 | |
| 3,639 | 4,106 | 4,495 | 5,189 | |
| 8.5% | 8.1% | 7.6% | 7.6% | |
| 120 | 119 | 102 | 69.8 | |
| 67.1 | 57.9 | 69.1 | 142 | |
| 639 | 731 | 870 | 1,037 | |
| 7.1 | 25.2 | 14.6 | 1.9 | |
| 3,060 | 3,461 | 3,673 | 4,082 | |
| 22.3% | 26.7% | 26.3% | 27.2% | |
| 2,379 | 2,536 | 2,708 | 2,970 | |
| – | +6.6% | +6.8% | +9.7% | |
| 36.49 | 38.93 | 41.50 | 45.63 |
Forecast
Balance sheet
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 648 | 651 | 651 | 652 | |
| 15,430 | 18,047 | 20,777 | 23,812 | |
| 643 | 592 | 820 | 2,425 | |
| 1,385 | 1,887 | 2,073 | 2,635 | |
| 18,106 | 21,177 | 24,320 | 29,524 | |
| 12,060 | 14,234 | 17,191 | 21,268 | |
| 829 | 935 | 1,099 | 1,300 | |
| 0.4 | 102 | 3 | 2.3 | |
| 1,610 | 1,679 | 694 | 770 | |
| 3,607 | 4,228 | 5,333 | 6,184 | |
| 18,106 | 21,177 | 24,320 | 29,524 |
Cash flow
| ₹ Cr | Mar 2023 | Mar 2024 | Mar 2025 | Mar 2026 |
|---|---|---|---|---|
| 2,630 | 2,746 | 2,463 | 3,467 | |
| −2,313 | −2,468 | −2,185 | −4,207 | |
| −205 | −148 | −259 | 288 | |
| 112 | 130 | 18.4 | −452 | |
| −2,212 | −2,731 | −3,423 | −4,113 | |
| 418 | 14.6 | −960 | −647 |
Shareholding pattern
- Promoters74.48%
- Public25.52%
| Quarter | Split | Promoters | Public | Promoter change |
|---|---|---|---|---|
| 30 Sep 2026 | 74.48% | 25.52% | 0.00 | |
| 30 Jun 2026 | 74.48% | 25.52% | minus 0.03 | |
| 31 Mar 2026 | 74.51% | 25.49% | minus 0.14 | |
| 31 Dec 2025 | 74.65% | 25.35% | 0.00 | |
| 30 Sep 2025 | 74.65% | 25.35% | – |
Major shareholders
Filings & events
News
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