Cash flow Avenue Supermarts Limited

Equities

DMART

INE192R01011

Food Retail & Distribution

Market Closed - NSE India S.E. Other stock markets 06:05:02 2026-02-10 am EST			5-day change	1st Jan Change
4,002.20 ^INR	+2.03%		+8.93%	+5.82%

Jan. 12	Asian Markets Upgrades Avenue Supermarts to Accumulate from Hold, Price Target is INR4,300	MT
Jan. 11	Indian shares stage intraday rebound on optimism over trade deal progress	RE

b63574.BeKgRaV3r3Yw2VlZDOuKS3ZCltPd_QVBFv8MML4w78s.SIXkDNcZmTNJjR9oe7G5IhByoLeHomMmcal2Z-hWg45x1dICwyj3FHG4GA

Published financial data: AVENUE SUPERMARTS LIMITED

Annual

Quarterly

Halfyear

YTD

LTM

Fiscal Period: March	2021	2022	2023	2024	2025
Revenues	241B	310B	428B	508B	594B
Total Revenues	241B	310B	428B	508B	594B
Cost of Goods Sold, Total	206B	265B	365B	435B	508B
Gross Profit	35.05B	44.8B	63.14B	73.3B	85.83B
Selling General & Admin Expenses, Total	5.38B	6.18B	7.51B	9.16B	11.78B
Depreciation & Amortization - (IS)	4.14B	4.98B	6.39B	7.31B	8.7B
Other Operating Expenses	12.2B	13.56B	19.2B	23.04B	29.05B
Other Operating Expenses, Total	21.72B	24.72B	33.1B	39.51B	49.53B
Operating Income	13.34B	20.08B	30.05B	33.8B	36.3B
Interest Expense, Total	-414M	-536M	-671M	-579M	-691M
Interest And Investment Income	1.78B	1.04B	1.08B	1.07B	878M
Net Interest Expenses	1.37B	504M	405M	495M	187M
Income (Loss) On Equity Invest.	-	-	-	-	-
Currency Exchange Gains (Loss)	77.3M	27M	61.6M	26.1M	42.5M
Other Non Operating Income (Expenses)	46.5M	34.4M	17.8M	41M	51.1M
EBT, Excl. Unusual Items	14.83B	20.64B	30.53B	34.36B	36.58B
Gain (Loss) On Sale Of Investments	25.6M	36.6M	88.3M	271M	218M
Gain (Loss) On Sale Of Assets	-17.8M	-38.5M	-17.4M	-18.7M	-71.8M
Other Unusual Items	-	-	-	-	-
EBT, Incl. Unusual Items	14.83B	20.64B	30.6B	34.61B	36.73B
Income Tax Expense	3.84B	5.72B	6.82B	9.26B	9.65B
Earnings From Continuing Operations	10.99B	14.92B	23.78B	25.36B	27.07B
Net Income to Company	10.99B	14.92B	23.78B	25.36B	27.07B
Minority Interest	600K	1.5M	1.7M	5.6M	5.7M
Net Income - (IS)	10.99B	14.93B	23.79B	25.36B	27.08B
Net Income to Common Incl Extra Items	10.99B	14.93B	23.79B	25.36B	27.08B
Net Income to Common Excl. Extra Items	10.99B	14.93B	23.79B	25.36B	27.08B
Per Share Items
Net EPS - Basic	16.97	23.04	36.72	38.99	41.61
Basic EPS - Continuing Operations	16.97	23.04	36.72	38.99	41.61
Basic Weighted Average Shares Outstanding	648M	648M	648M	650M	651M
Net EPS - Diluted	16.85	22.86	36.49	38.93	41.5
Diluted EPS - Continuing Operations	16.85	22.86	36.49	38.93	41.5
Diluted Weighted Average Shares Outstanding	653M	653M	652M	652M	652M
Normalized Basic EPS	14.31	19.92	29.46	33.03	35.14
Normalized Diluted EPS	14.2	19.76	29.28	32.97	35.06
Supplemental Items
EBITDA	16.38B	23.63B	34.66B	39.15B	42.64B
EBITA	13.34B	20.08B	30.05B	33.8B	36.3B
EBIT	13.34B	20.08B	30.05B	33.8B	36.3B
EBITDAR	16.39B	23.65B	34.7B	39.25B	42.76B
Total Revenues (As Reported)	243B	311B	430B	509B	595B
Effective Tax Rate - (Ratio)	25.89	27.7	22.28	26.74	26.28
Current Domestic Taxes	3.81B	5.6B	6.69B	9.14B	9.47B
Total Current Taxes	3.81B	5.6B	6.69B	9.14B	9.47B
Deferred Domestic Taxes	31.7M	121M	128M	120M	178M
Total Deferred Taxes	31.7M	121M	128M	120M	178M
Normalized Net Income	9.27B	12.9B	19.08B	21.48B	22.87B
Interest Capitalized	-	-	-	-	-
Interest on Long-Term Debt	387M	522M	664M	570M	673M
Non-Cash Pension Expense	800K	1.6M	8.1M	16.6M	23.3M
Supplemental Operating Expense Items
Net Rental Expense, Total	13.2M	15M	39.3M	99.8M	120M
Imputed Operating Lease Interest Expense	12.05M	12.38M	32.7M	74.91M	94.02M
Imputed Operating Lease Depreciation	1.15M	2.62M	6.6M	24.89M	25.98M
Maintenance & Repair Expenses, Total	831M	991M	1.41B	1.84B	2.23B
Stock-Based Comp., SG&A Exp. (Total)	63.8M	64.1M	120M	188M	307M
Total Stock-Based Compensation	63.8M	64.1M	120M	188M	307M

Fiscal Period: March	2021	2022	2023	2024	2025
Assets
Cash And Equivalents	1.92B	951M	2.07B	3.37B	3.55B
Short Term Investments	12.56B	2.09B	14.02B	13.41B	3.39B
Total Cash And Short Term Investments	14.48B	3.04B	16.1B	16.79B	6.94B
Accounts Receivable, Total	436M	669M	622M	1.66B	1.54B
Other Receivables	727M	4.6M	2.03B	434M	225M
Notes Receivable	-	-	-	-	-
Total Receivables	1.16B	674M	2.65B	2.1B	1.76B
Inventory	22.48B	27.43B	32.43B	39.27B	50.44B
Prepaid Expenses	60.6M	108M	126M	156M	218M
Restricted Cash	-	-	-	-	-
Other Current Assets, Total	2.43B	3.18B	3.17B	3.71B	4.56B
Total Current Assets	40.61B	34.43B	54.48B	62.02B	63.92B
Gross Property Plant And Equipment	92.57B	121B	145B	173B	210B
Accumulated Depreciation	-13.38B	-17.99B	-24.02B	-30.76B	-38.12B
Net Property Plant And Equipment	79.18B	103B	121B	142B	172B
Long-term Investments	10.35B	10.35B	100K	1.02B	26.2M
Goodwill	783M	783M	783M	783M	783M
Other Intangibles, Total	222M	136M	232M	304M	290M
Deferred Tax Assets Long-Term	9.2M	16.6M	17.7M	47.2M	75.1M
Other Long-Term Assets, Total	5.4B	6.13B	4.95B	5.27B	6.2B
Total Assets	137B	155B	181B	212B	243B
Liabilities
Accounts Payable, Total	5.78B	5.89B	7.54B	9.85B	10.71B
Accrued Expenses, Total	1.18B	1.42B	2.11B	2.16B	2.69B
Short-term Borrowings	-	-	-	-	-
Current Portion of Long-Term Debt	-	-	-	-	-
Current Portion of Leases	807M	1.4B	1.66B	1.93B	2.64B
Current Income Taxes Payable	1.13B	1.12B	854M	2.55B	2.41B
Unearned Revenue Current, Total	-	-	-	-	-
Other Current Liabilities	2.16B	2.36B	2.51B	3.31B	3.67B
Total Current Liabilities	11.06B	12.18B	14.67B	19.79B	22.12B
Long-Term Debt	-	-	-	-	-
Long-Term Leases	3.12B	5.07B	4.77B	3.99B	5.56B
Pension & Other Post Retirement Benefits	24.5M	48.7M	64.1M	91.8M	127M
Deferred Tax Liability Non Current	512M	640M	770M	919M	1.12B
Other Non Current Liabilities	4.4M	4.1M	4.7M	3.7M	4.9M
Total Liabilities	14.72B	17.95B	20.28B	24.8B	28.94B
Common Stock, Total	6.48B	6.48B	6.48B	6.51B	6.51B
Additional Paid In Capital	59.95B	59.95B	60.14B	61.13B	61.13B
Retained Earnings	55.08B	69.96B	93.69B	119B	146B
Comprehensive Income and Other	330M	394M	468M	369M	676M
Total Common Equity	122B	137B	161B	187B	214B
Minority Interest	4M	2.5M	800K	-4.8M	-10.5M
Total Equity	122B	137B	161B	187B	214B
Total Liabilities And Equity	137B	155B	181B	212B	243B
Supplemental Items
ECS Total Shares Outstanding on Filing Date	648M	648M	648M	651M	651M
ECS Total Common Shares Outstanding	648M	648M	648M	651M	651M
Book Value / Share	188.09	211.15	248.03	287.33	329.29
Tangible Book Value	121B	136B	160B	186B	213B
Tangible Book Value Per Share	186.53	209.73	246.46	285.67	327.64
Total Debt	3.93B	6.47B	6.43B	5.92B	8.2B
Net Debt	-10.55B	3.43B	-9.67B	-10.86B	1.25B
Debt Equivalent of Unfunded Proj. Benefit Obligation	24.9M	122M	225M	323M	148M
Debt Equivalent Oper. Leases	106M	120M	314M	798M	960M
Minority Interest, Total (Incl. Fin. Div)	4M	2.5M	800K	-4.8M	-10.5M
Equity Method Investments, Total	-	-	-	-	-
Account Code - Inventory Valuation	6	6	6	6	6
Inventories - Raw Materials, Total	33.4M	335M	51.9M	60M	71.1M
Inventories - Finished Goods, Total	22.45B	27.09B	32.38B	39.21B	50.37B
Land - (BS)	28.47B	36.91B	45.69B	58.44B	75.29B
Buildings, Total	30.24B	39.42B	50.29B	58.03B	66.16B
Machinery, Total	10.97B	14.64B	18.72B	23.59B	29.98B
Full Time Employees	10.18K	11.31K	12.11K	13.97K	16.96K

Fiscal Period: March	2021	2022	2023	2024	2025
Net Income	10.99B	14.93B	23.79B	25.36B	27.08B
Depreciation & Amortization - CF	4.14B	4.98B	6.39B	7.31B	8.7B
Depreciation & Amortization, Total	4.14B	4.98B	6.39B	7.31B	8.7B
(Gain) Loss From Sale Of Asset	17.8M	38.5M	17.4M	18.7M	71.8M
(Gain) Loss on Sale of Investments - (CF)	-25.6M	-36.6M	-88.3M	-271M	-218M
Stock-Based Compensation (CF)	63.8M	64.2M	120M	188M	307M
Other Operating Activities, Total	-170M	-424M	-722M	1.29B	-180M
Change In Accounts Receivable	-240M	-233M	47.3M	-1.04B	126M
Change In Inventories	-3.01B	-4.94B	-5.01B	-6.84B	-11.17B
Change In Accounts Payable	1.45B	111M	1.65B	2.31B	860M
Change in Other Net Operating Assets	531M	-759M	116M	-868M	-942M
Cash from Operations	13.75B	13.72B	26.3B	27.46B	24.63B
Capital Expenditure	-20.29B	-24.1B	-22.12B	-27.31B	-34.23B
Sale of Property, Plant, and Equipment	18.8M	209M	54.6M	94.5M	58.3M
Cash Acquisitions	-	-	-	-	-
Investment in Marketable and Equity Securities, Total	7.86B	10.54B	-1.56B	-435M	11.24B
Other Investing Activities, Total	1.32B	464M	491M	2.97B	1.08B
Cash from Investing	-11.1B	-12.89B	-23.13B	-24.68B	-21.85B
Short Term Debt Issued, Total	2B	2.48B	-	-	-
Long-Term Debt Issued, Total	-	-	-	-	-
Total Debt Issued	2B	2.48B	-	-	-
Short Term Debt Repaid, Total	-2.04B	-2.48B	-	-	-
Long-Term Debt Repaid, Total	-1.32B	-1.25B	-1.53B	-1.64B	-1.9B
Total Debt Repaid	-3.36B	-3.73B	-1.53B	-1.64B	-1.9B
Issuance of Common Stock	-	-	155M	748M	-
Other Financing Activities, Total	-436M	-538M	-674M	-581M	-694M
Cash from Financing	-1.8B	-1.79B	-2.05B	-1.48B	-2.59B
Miscellaneous Cash Flow Adjustments	-	-	-	-	-
Net Change in Cash	856M	-964M	1.12B	1.3B	184M
Supplemental Items
Cash Interest Paid	436M	538M	674M	581M	694M
Cash Income Tax Paid (Refund)	2.62B	5.6B	7.09B	7.42B	9.59B
Levered Free Cash Flow	-7.77B	-11.57B	-2.03B	-1.05B	-13.1B
Unlevered Free Cash Flow	-7.52B	-11.23B	-1.61B	-684M	-12.67B
Change In Net Working Capital	-238M	4.72B	4.77B	1.99B	10.12B
Net Debt Issued / Repaid	-1.36B	-1.25B	-1.53B	-1.64B	-1.9B

Fiscal Period: March	2021	2022	2023	2024	2025
Profitability
Return on Assets	6.48	8.62	11.18	10.75	9.97
Return on Total Capital	6.95	9.33	12.1	11.73	10.92
Return On Equity %	9.45	11.54	15.99	14.58	13.5
Return on Common Equity	9.45	11.54	15.99	14.59	13.5
Margin Analysis
Gross Profit Margin %	14.52	14.46	14.74	14.43	14.46
SG&A Margin	2.23	1.99	1.75	1.8	1.98
EBITDA Margin %	6.78	7.63	8.09	7.71	7.18
EBITA Margin %	5.52	6.48	7.01	6.65	6.12
EBIT Margin %	5.52	6.48	7.01	6.65	6.12
Income From Continuing Operations Margin %	4.55	4.82	5.55	4.99	4.56
Net Income Margin %	4.55	4.82	5.55	4.99	4.56
Net Avail. For Common Margin %	4.55	4.82	5.55	4.99	4.56
Normalized Net Income Margin	3.84	4.17	4.45	4.23	3.85
Levered Free Cash Flow Margin	-3.22	-3.73	-0.47	-0.21	-2.21
Unlevered Free Cash Flow Margin	-3.11	-3.63	-0.37	-0.13	-2.13
Asset Turnover
Asset Turnover	1.88	2.13	2.55	2.59	2.61
Fixed Assets Turnover	3.42	3.4	3.83	3.86	3.78
Receivables Turnover (Average Receivables)	764.87	560.81	663.92	444.48	370.8
Inventory Turnover (Average Inventory)	9.84	10.62	12.2	12.12	11.32
Short Term Liquidity
Current Ratio	3.67	2.83	3.71	3.13	2.89
Quick Ratio	1.41	0.3	1.28	0.95	0.39
Operating Cash Flow to Current Liabilities	1.24	1.13	1.79	1.39	1.11
Days Sales Outstanding (Average Receivables)	0.48	0.65	0.55	0.82	0.98
Days Outstanding Inventory (Average Inventory)	37.1	34.38	29.91	30.2	32.25
Average Days Payable Outstanding	8.82	7.89	6.62	7.21	7.23
Cash Conversion Cycle (Average Days)	28.76	27.13	23.84	23.81	26
Long Term Solvency
Total Debt/Equity	3.22	4.73	4	3.17	3.83
Total Debt / Total Capital	3.12	4.52	3.85	3.07	3.68
LT Debt/Equity	2.56	3.71	2.96	2.14	2.59
Long-Term Debt / Total Capital	2.48	3.54	2.85	2.07	2.5
Total Liabilities / Total Assets	10.78	11.6	11.2	11.71	11.9
EBIT / Interest Expense	32.21	37.45	44.78	58.33	52.51
EBITDA / Interest Expense	42.22	46.74	54.31	70.95	65.09
(EBITDA - Capex) / Interest Expense	-6.8	1.78	21.34	23.81	15.57
Total Debt / EBITDA	0.22	0.26	0.18	0.14	0.18
Net Debt / EBITDA	-0.6	0.14	-0.27	-0.26	0.03
Total Debt / (EBITDA - Capex)	-1.39	6.78	0.45	0.43	0.76
Net Debt / (EBITDA - Capex)	3.74	3.6	-0.68	-0.79	0.12
Growth Over Prior Year
Total Revenues, 1 Yr. Growth %	-2.92	28.3	38.3	18.56	16.87
Gross Profit, 1 Yr. Growth %	-4.92	27.8	40.95	16.09	17.09
EBITDA, 1 Yr. Growth %	-19.3	44.27	46.65	12.97	8.92
EBITA, 1 Yr. Growth %	-24.09	50.56	49.64	12.49	7.4
EBIT, 1 Yr. Growth %	-24.09	50.56	49.64	12.49	7.4
Earnings From Cont. Operations, 1 Yr. Growth %	-15.49	35.74	59.36	6.61	6.78
Net Income, 1 Yr. Growth %	-15.49	35.75	59.36	6.63	6.78
Normalized Net Income, 1 Yr. Growth %	-14.41	39.24	47.89	12.57	6.46
Diluted EPS Before Extra, 1 Yr. Growth %	-18	35.67	59.62	6.69	6.6
Accounts Receivable, 1 Yr. Growth %	122.92	53.49	-7.07	167.65	-7.56
Inventory, 1 Yr. Growth %	15.45	21.99	18.26	21.08	28.44
Net Property, Plant and Equip., 1 Yr. Growth %	27.94	29.93	17.22	18.03	20.78
Total Assets, 1 Yr. Growth %	13.08	13.3	17.02	16.96	14.84
Tangible Book Value, 1 Yr. Growth %	10.12	12.43	17.6	16.35	14.69
Common Equity, 1 Yr. Growth %	9.96	12.26	17.55	16.29	14.6
Cash From Operations, 1 Yr. Growth %	7.42	-0.2	91.66	4.39	-10.3
Capital Expenditures, 1 Yr. Growth %	18.53	18.77	-8.23	23.48	25.33
Levered Free Cash Flow, 1 Yr. Growth %	13.83	48.8	-82.49	-48.33	1.15K
Unlevered Free Cash Flow, 1 Yr. Growth %	17.34	49.47	-85.7	-57.39	1.75K
Compound Annual Growth Rate Over Two Years
Total Revenues, 2 Yr. CAGR %	9.86	11.6	33.21	28.05	17.71
Gross Profit, 2 Yr. CAGR %	9.45	10.24	34.22	27.92	16.59
EBITDA, 2 Yr. CAGR %	0.03	7.9	45.46	28.71	10.93
EBITA, 2 Yr. CAGR %	-3.24	6.91	50.1	29.74	9.92
EBIT, 2 Yr. CAGR %	-3.24	6.91	50.1	29.74	9.92
Earnings From Cont. Operations, 2 Yr. CAGR %	10.37	7.1	47.08	30.35	6.69
Net Income, 2 Yr. CAGR %	10.37	7.11	47.08	30.35	6.7
Normalized Net Income, 2 Yr. CAGR %	2.56	9.17	43.5	29.03	9.47
Diluted EPS Before Extra, 2 Yr. CAGR %	8.7	5.47	47.16	30.5	6.64
Accounts Receivable, 2 Yr. CAGR %	-17.72	84.97	19.43	57.71	57.29
Inventory, 2 Yr. CAGR %	18.22	18.67	20.11	19.66	24.71
Net Property, Plant and Equip., 2 Yr. CAGR %	30.48	28.93	23.41	17.62	19.39
Total Assets, 2 Yr. CAGR %	39.62	13.19	15.15	16.99	15.9
Tangible Book Value, 2 Yr. CAGR %	48.5	11.27	14.99	16.97	15.52
Common Equity, 2 Yr. CAGR %	47.67	11.11	14.88	16.92	15.44
Cash From Operations, 2 Yr. CAGR %	30.55	3.54	38.3	41.45	-3.23
Capital Expenditures, 2 Yr. CAGR %	19.68	18.65	4.4	6.45	24.4
Levered Free Cash Flow, 2 Yr. CAGR %	7.7	30.15	-48.96	-69.93	154.31
Unlevered Free Cash Flow, 2 Yr. CAGR %	8.28	32.43	-53.78	-75.32	180.84
Compound Annual Growth Rate Over Three Years
Total Revenues, 3 Yr. CAGR %	17.11	15.69	19.87	28.13	24.21
Gross Profit, 3 Yr. CAGR %	14.29	15.25	19.65	27.88	24.2
EBITDA, 3 Yr. CAGR %	6.46	13.02	19.52	33.7	21.74
EBITA, 3 Yr. CAGR %	3.62	12.12	19.59	36.34	21.82
EBIT, 3 Yr. CAGR %	3.62	12.12	19.59	36.34	21.82
Earnings From Cont. Operations, 3 Yr. CAGR %	10.89	18.25	22.27	32.12	21.96
Net Income, 3 Yr. CAGR %	10.89	18.26	22.27	32.13	21.97
Normalized Net Income, 3 Yr. CAGR %	8.41	13.56	20.79	32.34	21.02
Diluted EPS Before Extra, 3 Yr. CAGR %	9.71	17.04	21.09	32.2	21.99
Accounts Receivable, 3 Yr. CAGR %	9.14	1.29	47.05	56.29	31.98
Inventory, 3 Yr. CAGR %	24.56	19.46	18.54	20.43	22.52
Net Property, Plant and Equip., 3 Yr. CAGR %	32.25	30.3	24.9	21.59	18.66
Total Assets, 3 Yr. CAGR %	34.21	30.23	14.45	15.75	16.27
Tangible Book Value, 3 Yr. CAGR %	38.37	35.35	13.34	15.44	16.21
Common Equity, 3 Yr. CAGR %	37.67	34.77	13.22	15.35	16.14
Cash From Operations, 3 Yr. CAGR %	23.5	19.37	27.13	25.92	21.52
Capital Expenditures, 3 Yr. CAGR %	30.38	19.38	8.91	10.41	12.4
Levered Free Cash Flow, 3 Yr. CAGR %	56.65	19.95	-33.32	-48.75	4.22
Unlevered Free Cash Flow, 3 Yr. CAGR %	65.02	20.56	-36.94	-55.02	4.08
Compound Annual Growth Rate Over Five Years
Total Revenues, 5 Yr. CAGR %	22.98	21.09	23.3	20.48	19
Gross Profit, 5 Yr. CAGR %	22.94	20.3	21.88	20.16	18.41
EBITDA, 5 Yr. CAGR %	19.25	18.83	20.61	19.05	16.01
EBITA, 5 Yr. CAGR %	18.09	18.22	20.17	18.86	15.62
EBIT, 5 Yr. CAGR %	18.09	18.22	20.17	18.86	15.62
Earnings From Cont. Operations, 5 Yr. CAGR %	27.98	25.53	24.15	22.95	15.79
Net Income, 5 Yr. CAGR %	27.98	25.53	24.16	22.95	15.79
Normalized Net Income, 5 Yr. CAGR %	24.79	22.78	21.28	19.51	16.13
Diluted EPS Before Extra, 5 Yr. CAGR %	24.21	21.94	23.39	22.25	15.09
Accounts Receivable, 5 Yr. CAGR %	38.94	26.07	13.15	20.91	51.06
Inventory, 5 Yr. CAGR %	27.33	23.67	22.76	19.54	20.97
Net Property, Plant and Equip., 5 Yr. CAGR %	29.54	30.71	28.64	25.07	22.67
Total Assets, 5 Yr. CAGR %	34.51	21.6	26.24	24.76	15.03
Tangible Book Value, 5 Yr. CAGR %	51.46	28.78	28.49	27.68	14.21
Common Equity, 5 Yr. CAGR %	51.62	28.91	28.06	27.33	14.1
Cash From Operations, 5 Yr. CAGR %	25.97	24.69	29.22	27.75	13.98
Capital Expenditures, 5 Yr. CAGR %	26.08	30.17	19.29	14.03	14.86
Levered Free Cash Flow, 5 Yr. CAGR %	24.19	30.59	0.03	-31.03	13.91
Unlevered Free Cash Flow, 5 Yr. CAGR %	29.5	37.49	-0.81	-36.08	14.61