Today, DMart is well-established in 306 sites in Maharashtra, Gujarat, and the regions of Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab, and Rajasthan. Avenue Supermarts Ltd. is the brand owner of the names D Mart, D Mart Minimax, D Mart Premia, D Homes, Dutch Harbour, etc.Avenue Supermart share price history
The shares of Avenue Supermarts closed on the NSE at u20b93,390.00 apiece level, down by 1.37% from the previous close of u20b93,437.15. The stock recorded a total volume average of 3,55,089 shares compared to the 20-Day average of the volume of 251,548 shares. The stock recorded an NSE + BSE volume average of 386,727 shares and a deliverable volume average of 23,717,967 shares or 61.33%. The stock had a record high of u20b95,900.00 in 2021, and as of now, it has dropped 42% on the current market.
Since its NSE IPO on March 21, 2017, the stock has appreciated 449.52%, setting a record high. The stock has risen about 55% over the past three years and delivered a multi-bagger return of 159.46% over the past three years. The stock price has dropped 16.76% YTD and 17.25% over the past year, respectively. It has plummeted 22.71% over the past six months and 2.64% over the past month. During its last 5 trading sessions, the stock has fallen 1.89%. The stock touched a 52-week-high of u20b94,609.00 on (02-Sep-2022) and a 52-week-low of u20b93,186.00 on (16-May-2022).
Source: The Economic Times Avenue Supermarts earningsTotal revenue for the quarter ending December 31, 2022, as reported on a consolidated basis, was Rs. 11,569 crore, up from Rs. 9,218 crores during the same period in the previous year. EBITDA margin was 8.3% in Q3FY23 compared to 9.4% in Q3FY22, and earnings before interest, tax, depreciation, and amortization (EBITDA) were Rs.965 crore in Q3FY23 as opposed to Rs.866 crore in the same quarter of FY22.
The company stated its net profit amounted to Rs.590 crore for Q3FY23, as opposed to Rs. 553 crores in Q3FY22 and PAT margin stood at 5.1% in Q3FY23 as compared to 6.0% in Q3FY22. Basic Earnings per share (EPS) for Q3FY23 reached Rs. 9.10, as compared to Rs. 8.53 for Q3FY22.
Source: GrowwShould you buy on the dip?
Rahul Ghose, Founder & CEO u2013 of Hedged said the Dmart stock which has fallen almost 50% from its highs. Of late, its non-FMCG and discretionary businesses are not doing well. It has seen its valuations also being re-rated owing to its subdued outlook as markets seem to be worried that it would not be able to add stores at the pace that it had outlined and the EBITDA margin pressures owing to the inflationary impact on its input prices would prevail. Having said all that, the DMart stock or Avenue supermarkets as we know it is looking good on the charts and with this fall has become undervalued from a medium-term perspective. First, the stock is at a quarterly and monthly support area around the INR 3200-3300 levels.
Now, what should investors do? Comment down your views.
