Avenue Supermarts (DMART) | Financial Analysis & Statements
TL;DR: Financial Overview - Revenue, Profits & Key Metrics
Latest Quarterly: Mar 2025Income Metrics
Revenue
148.7B
Gross Profit
21.1B
14.16%
Operating Income
7.1B
4.80%
Net Income
5.5B
3.70%
Balance Sheet Metrics
Total Assets
243.2B
Total Liabilities
28.9B
Shareholders Equity
214.3B
Debt to Equity
0.14
Cash Flow Metrics
Operating Cash Flow
958.3M
Free Cash Flow
-990.8M
Revenue & Profitability Trend
Avenue Supermarts Income Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 593.6B | 507.0B | 427.4B | 308.9B | 241.0B |
| Cost of Goods Sold | 505.5B | 433.1B | 364.1B | 264.2B | 205.8B |
| Gross Profit | 88.1B | 73.9B | 63.2B | 44.6B | 35.2B |
| Gross Margin % | 14.8% | 14.6% | 14.8% | 14.4% | 14.6% |
| Operating Expenses | |||||
| Research & Development | - | - | - | - | - |
| Selling, General & Administrative | - | 338.4M | 313.8M | 271.2M | 222.4M |
| Other Operating Expenses | 31.5B | 13.2B | 10.6B | 7.2B | 6.2B |
| Total Operating Expenses | 31.5B | 13.5B | 10.9B | 7.5B | 6.4B |
| Operating Income | 36.2B | 33.7B | 30.0B | 20.0B | 13.3B |
| Operating Margin % | 6.1% | 6.7% | 7.0% | 6.5% | 5.5% |
| Non-Operating Items | |||||
| Interest Income | - | 1.1B | 1.1B | 1.0B | 1.8B |
| Interest Expense | 694.5M | 579.4M | 670.9M | 536.1M | 414.0M |
| Other Non-Operating Income | - | - | - | - | - |
| Pre-tax Income | 36.7B | 34.6B | 30.6B | 20.6B | 14.8B |
| Income Tax | 9.7B | 9.3B | 6.8B | 5.7B | 3.8B |
| Effective Tax Rate % | 26.3% | 26.7% | 22.3% | 27.7% | 25.9% |
| Net Income | 27.1B | 25.4B | 23.8B | 14.9B | 11.0B |
| Net Margin % | 4.6% | 5.0% | 5.6% | 4.8% | 4.6% |
| Key Metrics | |||||
| EBITDA | 46.1B | 42.2B | 37.6B | 26.2B | 19.4B |
| EPS (Basic) | ₹41.61 | ₹38.99 | ₹36.72 | ₹23.04 | ₹16.97 |
| EPS (Diluted) | ₹41.50 | ₹38.93 | ₹36.49 | ₹22.86 | ₹16.85 |
| Basic Shares Outstanding | 650809901 | 650437695 | 647780053 | 647774691 | 647774691 |
| Diluted Shares Outstanding | 650809901 | 650437695 | 647780053 | 647774691 | 647774691 |
Income Statement Trend
Avenue Supermarts Balance Sheet From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Assets | |||||
| Current Assets | |||||
| Cash & Equivalents | 3.6B | 12.7B | 2.1B | 951.2M | 1.9B |
| Short-term Investments | 5.3B | 4.1B | 14.0B | 2.1B | 12.6B |
| Accounts Receivable | 1.5B | 1.7B | 621.6M | 668.9M | 435.8M |
| Inventory | 50.4B | 39.3B | 32.4B | 27.4B | 22.5B |
| Other Current Assets | 3.1B | 145.3M | 96.4M | 71.7M | 98.9M |
| Total Current Assets | 63.9B | 62.0B | 54.5B | 34.4B | 40.6B |
| Non-Current Assets | |||||
| Property, Plant & Equipment | 160.9B | 5.4B | 4.3B | 3.3B | 2.5B |
| Goodwill | 1.9B | 1.9B | 1.8B | 1.7B | 1.8B |
| Intangible Assets | 289.8M | 303.5M | 231.8M | 136.1M | 222.2M |
| Long-term Investments | - | - | - | - | - |
| Other Non-Current Assets | 4.3B | 3.7B | 3.6B | 3.7B | 4.5B |
| Total Non-Current Assets | 179.3B | 149.8B | 126.6B | 120.3B | 95.9B |
| Total Assets | 243.2B | 211.8B | 181.1B | 154.7B | 136.6B |
| Liabilities | |||||
| Current Liabilities | |||||
| Accounts Payable | 10.7B | 9.8B | 7.5B | 5.9B | 5.8B |
| Short-term Debt | 2.6B | 1.9B | 1.7B | 1.4B | 807.0M |
| Current Portion of Long-term Debt | - | - | - | - | - |
| Other Current Liabilities | 1.4B | 72.5M | 73.8M | 21.6M | 623.5M |
| Total Current Liabilities | 22.1B | 19.8B | 14.7B | 12.2B | 11.1B |
| Non-Current Liabilities | |||||
| Long-term Debt | 5.6B | 4.0B | 4.8B | 5.1B | 3.1B |
| Deferred Tax Liabilities | 1.1B | 919.3M | 769.6M | 640.3M | 511.9M |
| Other Non-Current Liabilities | - | - | - | - | - |
| Total Non-Current Liabilities | 6.8B | 5.0B | 5.6B | 5.8B | 3.7B |
| Total Liabilities | 28.9B | 24.8B | 20.3B | 17.9B | 14.7B |
| Equity | |||||
| Common Stock | 6.5B | 6.5B | 6.5B | 6.5B | 6.5B |
| Retained Earnings | - | 119.0B | 93.7B | 70.0B | 55.1B |
| Treasury Stock | - | - | - | - | - |
| Other Equity | - | - | - | - | - |
| Total Shareholders Equity | 214.3B | 187.0B | 160.8B | 136.8B | 121.8B |
| Key Metrics | |||||
| Total Debt | 8.2B | 5.9B | 6.4B | 6.5B | 3.9B |
| Working Capital | 41.8B | 42.2B | 39.8B | 22.2B | 29.6B |
Balance Sheet Composition
Avenue Supermarts Cash Flow Statement From 2021 to 2025
| Metric | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Operating Activities | |||||
| Net Income | 36.7B | 34.6B | 30.6B | 20.6B | 14.8B |
| Depreciation & Amortization | - | - | - | - | - |
| Stock-Based Compensation | 307.2M | 188.4M | 120.1M | 64.2M | 63.8M |
| Working Capital Changes | -11.8B | -8.8B | -4.9B | -6.0B | -2.8B |
| Operating Cash Flow | 25.0B | 25.5B | 25.3B | 14.1B | 10.7B |
| Investing Activities | |||||
| Capital Expenditures | -34.2B | -27.2B | -22.1B | -23.9B | -20.3B |
| Acquisitions | - | - | -2.4B | -1.3B | - |
| Investment Purchases | -49.5B | -1.4B | -1.9B | 0 | - |
| Investment Sales | 60.7B | 1.2B | 430.6M | 10.5B | 7.9B |
| Investing Cash Flow | -22.9B | -27.3B | -25.9B | -14.6B | -12.4B |
| Financing Activities | |||||
| Share Repurchases | - | - | - | - | - |
| Dividends Paid | - | - | - | - | - |
| Debt Issuance | - | - | - | - | 0 |
| Debt Repayment | - | - | 0 | -2.5B | -2.4B |
| Financing Cash Flow | 0 | 748.1M | 155.4M | -2.5B | -2.4B |
| Free Cash Flow | -9.6B | 145.9M | 4.2B | -10.4B | -6.5B |
| Net Change in Cash | 2.1B | -1.1B | -454.3M | -3.0B | -4.1B |
Cash Flow Trend
Avenue Supermarts Key Financial Ratios
Valuation Ratios
P/E Ratio (TTM)
100.00
Forward P/E
79.78
Price to Book
12.66
Price to Sales
4.40
PEG Ratio
79.78
Profitability Ratios
Profit Margin
4.39%
Operating Margin
6.52%
Return on Equity
12.64%
Return on Assets
11.13%
Financial Health
Current Ratio
2.89
Debt to Equity
3.83
Beta
0.43
Per Share Data
EPS (TTM)
₹41.70
Book Value per Share
₹329.45
Revenue per Share
₹947.32
Peer Financial Comparison
| Company | Market Cap | P/E Ratio | P/B Ratio | ROE | Profit Margin | Debt/Equity |
|---|---|---|---|---|---|---|
| dmart | 2.7T | 100.00 | 12.66 | 12.64% | 4.39% | 3.83 |
| Hindustan Unilever | 5.9T | 54.56 | 11.93 | 21.47% | 16.89% | 3.32 |
| ITC | 5.2T | 26.09 | 7.44 | 49.36% | 44.15% | 0.41 |
| Nestle India | 2.1T | 68.10 | 52.79 | 79.99% | 15.21% | 29.11 |
| Varun Beverages | 1.7T | 86.25 | 9.13 | 21.15% | 13.51% | 11.55 |
| Britannia Industries | 1.3T | 59.17 | 29.79 | 49.73% | 12.02% | 28.45 |
Financial data is updated regularly. All figures are in the company's reporting currency.