Unclassified · NSE: DMART
Avenue Supermarts (DMart) share analysis
Fair value, business quality, the case for and against, and the risks — computed by VestCall from reported data, updated 14 October 2026.
Avenue Supermarts (DMart) in one paragraph
Avenue Supermarts (DMart) (NSE: DMART) was trading at ₹3,369.4 on 14 October 2026. VestCall scores its business health 56/100 (adequate). On valuation, the price sits in the “Valuation Premium” zone (₹3,281.75 and above) — above the modelled fair-value range. This is a reading of the evidence, not a buy or sell recommendation.
- Share price₹3,369.4
- Business health56/100
- Growth45/100
- Financial strength75/100
- Valuation100/100 · Fair
- Valuation zoneValuation Premium
- RiskHigh
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Is Avenue Supermarts (DMart) overvalued or undervalued?
At ₹3,369.4, Avenue Supermarts (DMart) sits in VestCall’s “Valuation Premium” zone (₹3,281.75 and above): above the modelled fair-value range. Its valuation scores 100/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.
| Valuation zone | Price band | What it means |
|---|---|---|
| Deeply Discounted | ₹2,688.11 – ₹2,885.36 | Furthest below the modelled fair-value range |
| Attractive Valuation | ₹2,885.36 – ₹3,173.29 | Below the modelled fair-value range |
| Fairly Valued | ₹3,173.29 – ₹3,281.75 | Inside the modelled fair-value range |
| Valuation Premium (current) | ₹3,281.75 and above | Above the modelled fair-value range |
The case for and against Avenue Supermarts (DMart)
What supports the case
- Shareholding Quality · 78/100.
- Financial Strength · 75/100.
- Management Stability · 67/100.
What needs proof
- Business Quality · 42/100.
- Growth · 49/100.
- Capital Allocation · 58/100.
Avenue Supermarts (DMart) key ratios
| Ratio | Avenue Supermarts (DMart) | Unclassified median |
|---|---|---|
| P/E | 5.92x | — |
| P/B | 1.96x | — |
| P/S | 0.73x | — |
| Return on equity (ROE) | 11.6% | — |
| Return on capital employed (ROCE) | 16.0% | — |
| Operating margin | 5.9% | — |
| Net margin | 4.3% | — |
| Current ratio | 2.02x | — |
Avenue Supermarts (DMart) growth
Growth scores 45/100, with a negative trend, measured Mar 2023 to Mar 2026.
| Measure | Reading |
|---|---|
| Revenue CAGR | 17.0% |
| Net profit CAGR | 7.7% |
| EPS CAGR | 7.5% |
| Revenue growth, latest year | 15.8% |
| Profit growth, latest year | 9.7% |
Avenue Supermarts (DMart) bull, base and bear case
Modelled annual return under three sets of stated assumptions over 5 years. These are model outputs, not a forecast or a promise of return.
| Scenario | Modelled CAGR | Weight | Assumption |
|---|---|---|---|
| Bear | −0.8% | 21% | Growth decelerates to 3.2% and the multiple de-rates toward the cohort's trough. |
| Base | +8.9% | 54% | Earnings compound near the measured 8.9% and the multiple drifts toward its quality-adjusted warranted level. |
| Bull | +16.0% | 25% | Growth holds at 12.5% and the market pays the full premium the measured quality supports. |
Risks to watch in Avenue Supermarts (DMart)
| Review trigger | Current | Threshold | Status |
|---|---|---|---|
| Return on equity falls below the quality floor | 11.64% | below 15% | high · breached |
| Drawdown from the 52-week high exceeds tolerance | 27.2% | at or beyond 25% | low · breached |
| Revenue growth falls below the thesis floor | 17.04% | below 8% | high · armed |
| Promoter holding drops materially | 74.48% | below 71.51%, 3 points under the Mar 2026 filing | high · armed |
| Price runs more than two sigma above its own trend | 3369.4 | at or above 5975.34 | medium · armed |
| Leverage doubles from the level underwritten today | No leverage line in the balance sheet | unavailable | high · unmeasurable |
| Promoter pledge rises above tolerance | No pledge disclosed (the NSE filing for DMART could not be read either (nse_session_unavailable)) | above 10% | high · unmeasurable |
| Valuation reaches the top of its own cohort | No cohort multiple to rank against | at or above the 95th percentile | medium · unmeasurable |
An armed trigger is watched and has not fired; a breached one has.
How Avenue Supermarts (DMart) shares have traded
| Measure | Reading |
|---|---|
| 52-week range | ₹3,364.9 – ₹4,628.5 |
| Distance from 52-week high | −27.2% |
| Return, 3 months | −14.0% |
| Return, 12 months | −21.7% |
| Trend | Downtrend |
| Annualised volatility | 28.0% |
| Deepest drawdown, 2 years | −37.6% |
Questions about Avenue Supermarts (DMart) shares
Is Avenue Supermarts (DMart) overvalued or undervalued?
At ₹3,369.4, Avenue Supermarts (DMart) sits in VestCall’s “Valuation Premium” zone (₹3,281.75 and above): above the modelled fair-value range. Its valuation scores 100/100 (fair) against Unclassified peers. Zones describe where the price sits against modelled value; they are not an instruction to buy or sell.
Is Avenue Supermarts (DMart) fundamentally strong?
VestCall scores Avenue Supermarts (DMart)’s business health 56/100 (adequate). The strongest measured pillars are shareholding quality and financial strength. The ones that need proof are business quality and growth. Each pillar is computed from reported financials, and a pillar whose inputs were not reported is excluded rather than scored as zero.
What is Avenue Supermarts (DMart)’s P/E ratio?
Avenue Supermarts (DMart) trades at a P/E of 5.92x, on VestCall’s latest read. A multiple only means something against the business it buys: the quality-adjusted fair value on this page weighs it against Avenue Supermarts (DMart)’s returns and growth.
What are the risks of investing in Avenue Supermarts (DMart)?
The review triggers VestCall watches for Avenue Supermarts (DMart) are: return on equity falls below the quality floor (roe below 15%); drawdown from the 52-week high exceeds tolerance (drawdown from 52-week high at or beyond 25%); revenue growth falls below the thesis floor (revenue cagr below 8%). On the fundamentals, business quality is the weakest measured pillar at 42/100. A trigger is a named condition that would change the reading, published so the case against the stock is as visible as the case for it.
Is this a recommendation to buy or sell Avenue Supermarts (DMart)?
No. VestCall states where Avenue Supermarts (DMart)’s price sits against modelled value, what supports the case and what would break it, with every figure sourced. It does not issue buy, sell or hold calls or price targets. Vestmind is not a SEBI-registered investment adviser or research analyst, and nothing on this page is personalised investment advice.
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