Avenue Supermarts Limited

NSEI:DMART Stock Report

Market Cap: ₹2.3t

Avenue Supermarts Valuation

Is DMART undervalued compared to its fair value, analyst forecasts and its price relative to the market?

Valuation Score

0/6

Valuation Score 0/6

  • Below Fair Value

  • Significantly Below Fair Value

  • Price-To-Earnings vs Peers

  • Price-To-Earnings vs Industry

  • Price-To-Earnings vs Fair Ratio

  • Analyst Forecast

Share Price vs Fair Value

What is the Fair Price of DMART when looking at its future cash flows? For this estimate we use a Discounted Cash Flow model.

Below Fair Value: DMART (₹3511.65) is trading above our estimate of fair value (₹487.96)

Significantly Below Fair Value: DMART is trading above our estimate of fair value.

Key Valuation Metric

Which metric is best to use when looking at relative valuation for DMART?

Key metric: As DMART is profitable we use its Price-To-Earnings Ratio for relative valuation analysis.

The above table shows the Price to Earnings ratio for DMART. This is calculated by dividing DMART's market cap by their current earnings.
What is DMART's PE Ratio?
PE Ratio85x
Earnings₹26.87b
Market Cap₹2.29t

Price to Earnings Ratio vs Peers

How does DMART's PE Ratio compare to its peers?

The above table shows the PE ratio for DMART vs its peers. Here we also display the market cap and forecasted growth for additional consideration.
CompanyForward PEEstimated GrowthMarket Cap
Peer Average20.2x
OSIAHYPER Osia Hyper Retail
19.8xn/a₹3.9b
AD Koninklijke Ahold Delhaize
15.7x10.2%€28.8b
TSCO Tesco
13x1.5%UK£24.7b
3382 Seven & i Holdings
32.4x12.2%JP¥6.4t
DMART Avenue Supermarts
85x21.2%₹2.3t

Price-To-Earnings vs Peers: DMART is expensive based on its Price-To-Earnings Ratio (85x) compared to the peer average (20.2x).

Price to Earnings Ratio vs Industry

How does DMART's PE Ratio compare vs other companies in the IN Consumer Retailing Industry?

3 CompaniesPrice / EarningsEstimated GrowthMarket Cap
512624 Regent Enterprises
4.8xn/aUS$3.98m
540266 Globe Multi Ventures
1.9xn/aUS$2.41m
542025 Sun Retail
3.9xn/aUS$1.40m
No more companies available in this PE range
DMART 85.0xIndustry Avg. 40.4xNo. of Companies7PE020406080100+
3 CompaniesEstimated GrowthMarket Cap
No more companies

Price-To-Earnings vs Industry: DMART is expensive based on its Price-To-Earnings Ratio (85x) compared to the Indian Consumer Retailing industry average (40.4x).

Price to Earnings Ratio vs Fair Ratio

What is DMART's PE Ratio compared to its Fair PE Ratio? This is the expected PE Ratio taking into account the company's forecast earnings growth, profit margins and other risk factors.

DMART PE Ratio vs Fair Ratio.
Fair Ratio
Current PE Ratio85x
Fair PE Ration/a

Price-To-Earnings vs Fair Ratio: Insufficient data to calculate DMART's Price-To-Earnings Fair Ratio for valuation analysis.

Analyst Price Targets

What is the analyst 12-month forecast and do we have any statistical confidence in the consensus price target?

The above table shows the analyst DMART forecast and predictions for the stock price in 12 month’s time.
DateShare PriceAverage 1Y Price TargetDispersionHighLow1Y Actual priceAnalysts
Current₹3,511.65
₹4,438.68
+26.4%
16.6%₹5,800.00₹3,300.00n/a28
Dec ’25₹3,709.60
₹4,480.64
+20.8%
15.5%₹5,800.00₹3,300.00n/a28
Nov ’25₹4,001.60
₹4,509.21
+12.7%
14.7%₹5,800.00₹3,397.00n/a28
Oct ’25₹4,954.35
₹5,026.14
+1.4%
14.9%₹6,300.00₹3,386.00n/a28
Sep ’25₹4,927.45
₹5,002.50
+1.5%
14.6%₹6,300.00₹3,386.00n/a28
Aug ’25₹4,993.80
₹4,953.19
-0.8%
14.2%₹6,000.00₹3,386.00n/a27
Jul ’25₹4,735.90
₹4,678.63
-1.2%
14.1%₹5,535.00₹3,276.00n/a27
Jun ’25₹4,302.15
₹4,597.48
+6.9%
13.6%₹5,535.00₹3,276.00n/a25
May ’25₹4,603.80
₹4,273.96
-7.2%
14.1%₹5,514.00₹3,200.00n/a25
Apr ’25₹4,483.30
₹4,169.23
-7.0%
13.0%₹5,514.00₹3,129.00n/a26
Mar ’25₹3,884.15
₹4,068.48
+4.7%
11.0%₹4,700.00₹3,129.00n/a25
Feb ’25₹3,808.20
₹4,068.48
+6.8%
11.0%₹4,700.00₹3,129.00n/a25
Jan ’25₹4,064.75
₹4,049.83
-0.4%
12.1%₹4,724.00₹3,084.00n/a23
Dec ’24₹3,988.40
₹4,053.83
+1.6%
12.6%₹5,006.00₹3,084.00₹3,709.6024
Nov ’24₹3,639.45
₹4,045.50
+11.2%
12.8%₹5,006.00₹3,084.00₹4,001.6024
Oct ’24₹3,675.60
₹3,929.54
+6.9%
13.7%₹5,055.00₹3,060.00₹4,954.3524
Sep ’24₹3,761.05
₹3,886.36
+3.3%
13.3%₹5,055.00₹3,060.00₹4,927.4525
Aug ’24₹3,740.30
₹3,844.64
+2.8%
12.8%₹5,055.00₹3,060.00₹4,993.8025
Jul ’24₹3,889.20
₹3,852.00
-1.0%
13.1%₹5,211.00₹3,147.00₹4,735.9025
Jun ’24₹3,500.90
₹3,843.80
+9.8%
13.0%₹5,211.00₹3,147.00₹4,302.1525
May ’24₹3,511.95
₹3,896.21
+10.9%
12.2%₹5,054.00₹3,115.00₹4,603.8024
Apr ’24₹3,401.05
₹3,936.54
+15.7%
12.1%₹5,054.00₹3,115.00₹4,483.3024
Mar ’24₹3,439.35
₹3,966.60
+15.3%
12.3%₹5,054.00₹3,115.00₹3,884.1525
Feb ’24₹3,551.35
₹3,982.60
+12.1%
12.4%₹5,054.00₹3,115.00₹3,808.2025
Jan ’24₹4,068.75
₹4,281.54
+5.2%
15.3%₹6,000.00₹3,173.00₹4,064.7524
Dec ’23₹4,044.15
₹4,281.54
+5.9%
15.3%₹6,000.00₹3,173.00₹3,988.4024

Analyst Forecast: Target price is more than 20% higher than the current share price, but analysts are not within a statistically confident range of agreement.

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Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2024/12/26 18:03
End of Day Share Price 2024/12/26 00:00
Earnings2024/09/30
Annual Earnings2024/03/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on .

Analyst Sources

Avenue Supermarts Limited is covered by 42 analysts. 18 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
Nihal JhamAmbit Capital
null nullAntique Stockbroking Ltd.
Tejash ShahAvendus Spark