Avenue Supermarts Limited (DMART) Fair Value & Analysis
Consumer Defensive · IN · Market cap ₹2.7T
Fair value as of: Aug 13, 2026
From 14 valuation models · updated yesterday
Fair value updated Aug 13, 2026, revised from ₹1,066 to ₹1,659 (+55.6%) since Jul 12, 2026. Share price +3.3% over the past month.
A solid business, but screening 59% overvalued on our models.
What matters now
- The price sits above even our optimistic bull case (₹2,088). The favourable scenario is already priced in.
- Solid but not exceptional quality (52/100) and above fair value, neither a clear bargain nor a standout compounder.
Price vs Fair Value (5 years)
White line = price, green steps = our fair value per fiscal year, dashed = 300-day average. As of Aug 13, 2026.
How to read this chart
60‑month range ₹2,845 – ₹5,391 · fair‑value band ₹1,229 – ₹2,088 · the ₹4,060 price screens above the ₹1,659 fair value. Green steps = our fair value per fiscal year (point-in-time, no hindsight). Dashed = 300-day average. As of Aug 13, 2026.
Analysis
Avenue Supermarts Limited (DMART) currently trades at ₹4,060, while our model-based Fair Value estimate is ₹1,659, implying the stock looks roughly 59.2% overvalued today. The Quality Score stands at 52/100 (solid quality), in the Consumer Defensive sector. Bear case: priced above our estimate, the market already discounts strong expectations. Bull case: above-average quality can justify a premium, the entry price still matters most (evidence: medium).
Over the trailing twelve months, Avenue Supermarts Limited generated revenue of ₹688B at a net margin of 4.3%. Revenue grew 18.9% year over year. It earns a return on equity of 12.9%. Net debt stands at ₹21.4B. Fundamentals as of Aug 13, 2026
Our scenario range runs from ₹1,229 (bear case) to ₹2,088 (bull case); at ₹4,060, the current price sits above that range. Bear and bull are the same models run on conservative and optimistic assumptions (margins, growth, valuation multiples), so a plausible valuation range, not a price target. The share trades about 18% below its 52-week high and 15% above its 52-week low, currently below its 200-day average. For context, the median of 10 Consumer Defensive peers we cover trades at -13% fair-value upside, at -59%, DMART screens richer than that median.
Fair Value models
Each model estimates fair value its own way; the Fair Value above is the evidence-weighted blend. Evidence (0–100) measures how completely this model’s inputs are available: well-fed models carry more weight in the blend. The spread across models is intentional, each one stresses a different value driver; dividend models, for instance, come out structurally low when payout is small.
All 14 models by family
Widest divergence: Growth Earnings (₹1,436) versus Asset-Based (₹251.30). Highest evidence: ROIC Compounder (72).
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Key figures & financial health
More key figures
Figures from reported company fundamentals · as of Aug 13, 2026. TTM = trailing twelve months.
Quality Score breakdown
Of which business quality 55 · Market factors (momentum, volatility) 50
Non-valuation factor families (profitability, growth, cashflow, financial strength, momentum …), each academically grounded. Valuation itself sits in the Fair Value and is deliberately excluded here to avoid double-counting.
About the company
Avenue Supermarts Limited engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India.
Full company description
Avenue Supermarts Limited engages in the business of organized retail and operating supermarkets under the D-Mart brand name in India. The company offers food products, such as groceries, staples, processed food products, dairy, frozen products, beverages and confectionery products, and fruits and vegetables; non-food products, including home care and personal care products, toiletries, and other over the counter products; and general merchandise and apparel products comprising bed and bath products, toys and games, crockery, plastic goods, garments, footwear, utensils, and home appliances. It is also involved in the online and multi-channel retail of grocery and household products under the DMart Ready brand name. The company was incorporated in 2000 and is based in Mumbai, India.
Company description, as reported by the company or data provider.
Revenue & earnings trend
FY2022 – FY2026 · reported fiscal years
Avenue Supermarts Limited reported revenue of ₹688B in FY2026 versus ₹310B in FY2022, a compound +22.1%/yr. Reported net income was ₹29.7B in FY2026, compounding +18.8%/yr from FY2022.
of which total revenue +23.4 pp · buybacks/dilution −2.1 pp
Absolute contributions in percentage points per year; they sum to the EPS growth rate. Start and end points are 3-year averages (details on hover).
DMART screens 59% overvalued. Compare with Walmart Inc →
Peer Group
Discount Stores · 26 stocks
How this stock ranks against its industry: the green marker is this stock, the band is the typical 25–75% peer range, and the tick is the median.
Valuation Multiples vs Discount Stores median · lower = cheaper
Snowflake
Five quick dimensions, each 0 to 100: VALUE (fair-value potential), FUTURE (revenue growth), PAST (return on equity), HEALTH (low debt), DIVIDEND (yield). Green = this stock, grey = typical sector peer.
VALUE 0: the price sits above our fair-value range.
Insider activity: 25/100
Values & ESG
Does this company touch areas you may want to avoid? The classification is inferred from sector and industry.
ESG scores are not available for this stock yet. Values and ESG data are contextual and can differ between providers.
Similar stocks
10 more Discount Stores stocks, each showing price versus our Fair Value estimate (as of Aug 13, 2026).
| Stock | Price | Fair Value | vs Fair Value |
|---|---|---|---|
| Walmart Inc WMT | $116.01 | $47.80 | -59% |
| Costco Wholesale Corporation COST | $949.58 | $383.51 | -60% |
| Target Corporation TGT | $154.00 | $116.90 | -24% |
| Wal-Mart de México, S.A. WALMEX | 49.49 MXN | 60.59 MXN | +22% |
| Dollarama Inc DOL | C$192.85 | C$92.38 | -52% |
| Dollar General Corporation DG | $120.07 | $116.55 | -3% |
| Dollar Tree, Inc DLTR | $128.61 | $125.92 | -2% |
| BJ's Wholesale Club Holdings BJ | $92.71 | $80.26 | -13% |
| Pepco Group PCO | 46.22 PLN | 54.38 PLN | +18% |
| PriceSmart, Inc PSMT | $177.93 | $98.60 | -45% |
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How we calculate Fair Value
Each company is valued through a stack of independent intrinsic-value models (DCF variants, residual-income, multiples and more), blended into one family-balanced consensus and weighted by how much trustworthy data backs it. A separate quality layer scores the fundamentals. Every input is real reported data, nothing guessed.
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