|Stock Name : Avenue Supermarts Limited (DMart) /Tips Open||Buy : 2,136.05||Posted Date : Aug 7, 2020|
|Stopless/Horizon : 1965/2Months||Target : 2225||Results Achieved (Yes/No) :|
Avenue Supermarts limited(ASL)is engaged in the organised retail business through its D-Mart chain of stores.
D-Mart was incorporated in the year 2000 and it is promoted by renowned equity market investor, Mr Radhakishan Damani. It is a Large Cap company with a market capital of Rs 132884.50 Crore operating in retail sector.As on September 2019, promoters hold 80.21 percent stake in the company.
D-Mart opened its first store in Mumbai’s Powai in 2002, today, D-Mart presence in 214 locations across Maharashtra, Gujarat, Andhra Pradesh, Madhya Pradesh, Karnataka, Telangana, Chhattisgarh, NCR, Tamil Nadu, Punjab and Rajasthan.
Headquartered in Mumbai, ASL’s operations are largely concentrated in Western and Southern part of India.
ASL’s wholly-owned subsidiariesare integral part of D-Mart’s operations.
• Align Retail Trade Pvt Ltd (ARTPL) procures grocery items and supplies to D-Mart stores.
• Avenue Food Plaza Pvt Ltd (AFPL) runs fast-food counters outside D-Mart stores.
• ASL acquired 50.79% in AEL (Avenue E-commerce Ltd) in February 2018 for Rs 49.2 crore to make it a wholly-owned subsidiary, AEL is into e-retailing of F&G andcurrently operates only on certain regions of Mumbai.
Apart from D Mart, ASL owns several other brands including, D Mart Minimax, D Mart Premia, D Homes, Dutch Harbour and more.
In March 2017, D-Mart (ASL) went public by offering its IPO, and raised funds, Rs 1080 crore for debt reduction, Rs 366.6 crore for capex and Rs 394.02 crore for general corporate purpose.
In the first quarter of fiscal 2020, the ASL posted revenue of Rs 5815 crore (net profit of 323 crore), as compared to Rs 4576 crore (net profit of Rs. 245 crore) in the corresponding quarter of last year.
For the latest quarter (30-06-2020), Avenue Supermarts limited reported a consolidated sale of Rs 3883.18 Crore, which is down by -37.93 % from last quarter sales of Rs 6255.93 Crore and down by -33.22 % from last year same quarter sales of Rs 5814.56 Crore.
ASLhas reported net profit after tax of Rs 40.08 Crore in latest quarter.
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