Avenue Supermarts, incorporated in the year 2000, is a Large Cap company (having a market cap of Rs 250280.71 Crore) operating in Retail sector.
Avenue Supermarts key Products/Revenue Segments include Income from Retailing and Other Operating Revenue for the year ending 31-Mar-2022.
Financials
The company’s top management includes Mr.Ramesh Damani, Mr.Ignatius Navil Noronha, Mr.Ramakant Baheti, Mr.Elvin Machado, Mrs.Manjri Chandak, Mr.Chandrashekhar Bhave, Ms.Kalpana Unadkat. Company has S R B C & Co. LLP as its auditors. As on 31-12-2022, the company has a total of 65 Crore shares outstanding.
Investment Rationale
Lower footfall and weak demand in the discretionary non-FMCG segment, along with a 20% increase in the store size, affected store productivity, which may take few quarters to recover. The brokerage estimates an EBITDA/PAT CAGR of 28%/26% over FY23E-25E. value the company at 50x EV/EBITDA on the FY24E basis.
Promoter/FII Holdings
Promoters held 74.99 per cent stake in the company as of 31-Dec-2022, while FIIs owned 8.59 per cent, DIIs 7.06 per cent.
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