# Avenue Supermarts (DMart) (NSE: DMART) share analysis

Canonical: https://vestmind.in/stocks/avenue-supermarts-dmart  
Source: VestCall by Vestmind, price as of 14 October 2026.

> Avenue Supermarts (DMart) (NSE: DMART) was trading at ₹3,372.6 on 14 October 2026. VestCall scores its business health 56/100 (adequate). On valuation, the price sits in the “Valuation Premium” zone (₹3,285.15 and above) — above the modelled fair-value range. This is a reading of the evidence, not a buy or sell recommendation.

## Valuation zones

| Zone | Price band | Meaning |
| --- | --- | --- |
| Deeply Discounted | ₹2,690.92 – ₹2,888.38 | Furthest below the modelled fair-value range |
| Attractive Valuation | ₹2,888.38 – ₹3,176.58 | Below the modelled fair-value range |
| Fairly Valued | ₹3,176.58 – ₹3,285.15 | Inside the modelled fair-value range |
| Valuation Premium (current) | ₹3,285.15 and above | Above the modelled fair-value range |

## The case for and against

- Supports — Shareholding Quality 78/100
- Supports — Financial Strength 75/100
- Supports — Management Stability 67/100
- Needs proof — Business Quality 42/100
- Needs proof — Growth 49/100
- Needs proof — Capital Allocation 58/100

## Key ratios

| Ratio | Avenue Supermarts (DMart) | Sector 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 | — |

## Bull, base and bear case (model outputs, not forecasts)

| 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. |

## Questions

### Is Avenue Supermarts (DMart) overvalued or undervalued?

At ₹3,372.6, Avenue Supermarts (DMart) sits in VestCall’s “Valuation Premium” zone (₹3,285.15 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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Vestmind is not a SEBI-registered investment adviser or research analyst. This is research for information, not a recommendation or personalised investment advice.