Financials Avenue Supermarts Limited

Equities

DMART

INE192R01011

Food Retail & Distribution

Market Closed - NSE India S.E. Other stock markets 06:49:37 2025-01-17 am EST			5-day change	1st Jan Change
3,620.65 ^INR	+0.55%		-1.78%	+1.65%

Jan. 13	Avenue Supermarts Appoints Anshul Asawa as CEO, Effective March 15, 2025	CI
Jan. 13	Avenue Supermarts Posts Gains in Fiscal Q3 Consolidated Profit; Shares Up 3%	MT

Projected Income Statement: Avenue Supermarts Limited

income-statement-evolution-chart AVENUE-SUPERMARTS-LIMITED

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net sales ¹	248,702	241,431	309,763	428,396	507,888	592,763	698,061	824,053
Change	-	-2.92%	28.3%	38.3%	18.56%	16.71%	17.76%	18.05%
EBITDA ¹	21,280	17,430	24,990	36,370	41,038	46,364	56,066	67,269
Change	-	-18.09%	43.37%	45.54%	12.83%	12.98%	20.93%	19.98%
EBIT ¹	17,539	13,289	20,004	29,982	33,730	37,586	45,316	54,445
Change	-	-24.23%	50.53%	49.88%	12.5%	11.43%	20.57%	20.14%
Interest Paid ¹	-691.2	-416.5	-537.9	-674.1	-581.3	-659.1	-727.8	-819.6
Earnings before Tax (EBT) ¹	17,448	14,834	20,641	30,601	34,613	38,572	46,940	57,038
Change	-	-14.98%	39.14%	48.25%	13.11%	11.44%	21.7%	21.51%
Net income ¹	13,011	10,995	14,926	23,785	25,274	28,418	34,601	42,136
Change	-	-15.49%	35.75%	59.36%	6.26%	12.44%	21.76%	21.78%
Announcement Date	5/23/20	5/8/21	5/14/22	5/13/23	5/4/24	-	-	-

¹INR in Million

Estimates

Fiscal Period: March	2020 Q1	2020 Q2	2020 Q3	2020 Q4	2021 Q1	2021 Q2	2021 Q3	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2	2025 Q3	2025 Q4	2026 Q1	2026 Q2
Net sales ¹	58,146	59,908	68,089	62,559	38,832	53,062	75,420	74,117	51,831	77,889	92,178	87,864	100,381	106,383	115,690	105,941	118,654	126,244	135,725	127,266	140,691	143,617	157,879	135,535	163,905	165,102
Change	-	3.03%	13.66%	-8.12%	-37.93%	36.65%	42.14%	-1.73%	-30.07%	50.28%	18.34%	-4.68%	14.24%	5.98%	8.75%	-8.43%	12%	6.4%	7.51%	-6.23%	10.55%	2.08%	9.93%	-14.15%	20.93%	0.73%
EBITDA ¹	-	5,170	5,970	4,170	1,120	3,300	6,890	6,130	2,240	6,690	8,660	7,390	10,082	8,920	9,653	7,715	10,353	10,050	11,199	9,436	12,212	11,809	13,031	-	-	-
Change	-	-	15.47%	-30.15%	-73.14%	194.64%	108.79%	-11.03%	-63.46%	198.66%	29.45%	-14.67%	36.43%	-11.53%	8.21%	-20.07%	34.19%	-2.93%	11.44%	-15.74%	29.42%	-3.3%	10.35%	-100%	-	-
EBIT	-	-	-	-	172.2	-	5,754	-	-	-	-	5,930	-	7,301	7,972	6,074	8,731	9,894	9,306	7,388	10,285	3,024	10,752	7,187	11,982	10,653
Change	-	-	-	-	-	-100%	-	-100%	-	-	-	-	-100%	-	9.19%	-23.8%	43.74%	13.32%	-5.95%	-20.61%	39.22%	-70.6%	255.55%	-33.16%	66.72%	-11.09%
Charge d'intérêts ¹	-	-	-	-143.6	-88.2	-92.7	-113	-122.6	-108.4	-123.7	-139.5	-166.3	-	-176.8	-169.8	-155.3	-145.7	-155.9	-145.5	-134.2	-159.6	-200	-200	-200	-	-
Earnings before Tax (EBT) ¹	-	-	-	-	587.7	2,717	6,094	5,436	1,374	5,677	7,502	6,089	8,754	7,480	8,118	6,250	8,973	8,519	9,489	7,632	10,541	-	10,944	-	-	-
Change	-	-	-	-	-	362.28%	124.32%	-10.81%	-74.73%	313.29%	32.14%	-18.83%	43.77%	-14.56%	8.53%	-23.01%	43.57%	-5.05%	11.38%	-19.57%	38.12%	-100%	-	-100%	-	-
Net income ¹	-	3,201	-	2,713	400.9	1,986	4,470	4,139	953.7	4,178	5,526	4,268	6,429	6,858	5,897	4,601	6,588	6,236	6,904	5,658	7,738	7,915	8,270	-	-	-
Change	-	-	-100%	-	-85.22%	395.26%	125.12%	-7.4%	-76.96%	338.07%	32.26%	-22.75%	50.63%	6.66%	-14.01%	-21.97%	43.17%	-5.34%	10.72%	-18.05%	36.77%	2.28%	4.49%	-100%	-	-
Announcement Date	7/13/19	10/12/19	1/11/20	5/23/20	7/11/20	10/17/20	1/9/21	5/8/21	7/10/21	10/16/21	1/8/22	5/14/22	7/9/22	10/15/22	1/14/23	5/13/23	7/15/23	10/14/23	1/13/24	5/4/24	7/13/24	-	-	-	-	-

¹INR in Million

Estimates

Forecast Balance Sheet: Avenue Supermarts Limited

balance-sheet-analysis-chart AVENUE-SUPERMARTS-LIMITED

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Net Debt ¹	1,913	-10,529	-2,986	-14,083	-6,382	-16,185	-21,265	-31,670
Change	-	-650.39%	-128.36%	-571.63%	-145.32%	-353.61%	-231.39%	-248.93%
Announcement Date	5/23/20	5/8/21	5/14/22	5/13/23	5/4/24	-	-	-

¹INR in Million

Estimates

Cash Flow Forecast: Avenue Supermarts Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
CAPEX ¹	17,122	20,294	24,104	22,120	27,218	31,007	35,249	41,204
Change	-	18.53%	18.77%	-8.23%	23.05%	13.92%	13.68%	16.89%
Free Cash Flow (FCF) ¹	-4,320	-6,543	-10,381	4,238	240.4	-745.8	1,674	4,235
Change	-	51.44%	58.66%	-140.82%	-94.33%	-410.21%	-324.41%	153.06%
Announcement Date	5/23/20	5/8/21	5/14/22	5/13/23	5/4/24	-	-	-

¹INR in Million

Estimates

Forecast Financial Ratios: Avenue Supermarts Limited

Fiscal Period: March	2020	2021	2022	2023	2024	2025	2026	2027
Profitability
EBITDA Margin (%)	8.56%	7.22%	8.07%	8.49%	8.08%	7.82%	8.03%	8.16%
EBIT Margin (%)	7.05%	5.5%	6.46%	7%	6.64%	6.34%	6.49%	6.61%
EBT Margin (%)	7.02%	6.14%	6.66%	7.14%	6.82%	6.51%	6.72%	6.92%
Net margin (%)	5.23%	4.55%	4.82%	5.55%	4.98%	4.79%	4.96%	5.11%
FCF margin (%)	-1.74%	-2.71%	-3.35%	0.99%	0.05%	-0.13%	0.24%	0.51%
FCF / Net Income (%)	-33.21%	-59.51%	-69.55%	17.82%	0.95%	-2.62%	4.84%	10.05%
Profitability
ROA	13.64%	8.55%	10.25%	14.17%	12.87%	12.38%	13%	13.55%
ROE	15.61%	9.45%	11.54%	15.99%	14.53%	14.21%	15%	15.62%
Financial Health
Leverage (Debt/EBITDA)	0.09x	-	-	-	-	-	-	-
Debt / Free cash flow	-0.44x	-	-	-	-	-	-	-
Capital Intensity
CAPEX / Current Assets (%)	6.88%	8.41%	7.78%	5.16%	5.36%	5.23%	5.05%	5%
CAPEX / EBITDA (%)	80.46%	116.43%	96.46%	60.82%	66.32%	66.88%	62.87%	61.25%
CAPEX / FCF (%)	-396.31%	-310.18%	-232.2%	521.96%	11,321.96%	-4,157.79%	2,106.21%	972.91%
Items per share
Cash flow per share ¹	20.22	21.07	21.19	40.35	42.15	55.64	64.76	77.9
Change	-	4.23%	0.53%	90.47%	4.45%	32%	16.39%	20.3%
Dividend per Share ¹	-	-	-	-	-	-	-	-
Change	-	-	-	-	-	-	-	-
Book Value Per Share ¹	175	188.1	211.1	248	287.3	331.1	386.2	450.7
Change	-	7.48%	12.26%	17.47%	15.85%	15.22%	16.65%	16.71%
EPS ¹	20.55	16.85	22.86	36.49	38.93	43.79	54.07	65.93
Change	-	-18%	35.67%	59.62%	6.69%	12.48%	23.49%	21.92%
Nbr of stocks (in thousands)	647,775	647,775	647,775	648,264	650,733	650,733	650,733	650,733
Announcement Date	5/23/20	5/8/21	5/14/22	5/13/23	5/4/24	-	-	-