Avenue Supermarts (DMART)
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ABOUT [ edit ]
Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.(Source : 202003-01 Annual Report Page No:111)
Fundamental :-
KEY POINTS
Store Network :-
Avenue Supermarts operates 234 stores across 11 states and one union territory with a 11.8 million square ft retail business area. AVL has its highest presence in Maharashtra with 58 stores and followed by Gujarat with 26 stores. Presence is limited to western and southern Indian States as the company follows cluster based expansion resulting in low cost structure. [2]
Revenue breakup :-
The company derives 52% of the revenue from Food segment, 20% from the FMCG segment and the remaining is contributed by the General Merchandise and Apparel segment. The company Sales revenue per retail business per square ft is Rs 32,879 for FY20.
Steady Store network expansion :-
DMart’s core business model is driven by Value retailing and the company has opened 38 new stores in the FY20 and the company is focusing on penetrating into Tier 2 & 3 cities where there is a absence of Organized large retailing.
E – commerce :-
AVSL through its subsidiary Avenue E-Commerce Limited provides online grocery retail under the brand D mart ready in selected areas in Mumbai. The segment has reported a 354cr revenue for FY20 which is 147% growth on YoY basis.
Converting stores for E-commerce :-
The company has closed down two of its stores in Mumbai on Aug, 20 and converted the same into local fulfilment center for E – commerce deliveries and this is the first time where the company has closed down its stores since its IPO.
Increasing competition from E–retail
With the advent of the pandemic, E–retail has made its mark with the Indian consumers and Amazon pantry and Jio mart have established their presence in major cities and the competition is increasing.
Raising of funds :-
Avenue Supermarts raised 4098 Cr via QIP at an issue price of Rs. 2,049 on 11th February, 2020. The funds raised will be used for future expansion and partial repayment of the existing debts.
Further, the founder Radha Krishnan Damani sold 2.28% stake on Feb 17, 2020 through OFS to comply with the Minimum public shareholding mandate and consequently, the promoter group hold 74.99% stake in the company.
Technical :- After a very good rally, the stock is fixing it himself. Now we are trying to get another upcoming rally.....
Stock for longterm
DISCLAIMER :
**I am not SEBI register..**
**This is not an investment or Trading advice. This is Just for discussion/paper trading purposes.**
Avenue Supermarts is primarily engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart.(Source : 202003-01 Annual Report Page No:111)
Fundamental :-
KEY POINTS
Store Network :-
Avenue Supermarts operates 234 stores across 11 states and one union territory with a 11.8 million square ft retail business area. AVL has its highest presence in Maharashtra with 58 stores and followed by Gujarat with 26 stores. Presence is limited to western and southern Indian States as the company follows cluster based expansion resulting in low cost structure. [2]
Revenue breakup :-
The company derives 52% of the revenue from Food segment, 20% from the FMCG segment and the remaining is contributed by the General Merchandise and Apparel segment. The company Sales revenue per retail business per square ft is Rs 32,879 for FY20.
Steady Store network expansion :-
DMart’s core business model is driven by Value retailing and the company has opened 38 new stores in the FY20 and the company is focusing on penetrating into Tier 2 & 3 cities where there is a absence of Organized large retailing.
E – commerce :-
AVSL through its subsidiary Avenue E-Commerce Limited provides online grocery retail under the brand D mart ready in selected areas in Mumbai. The segment has reported a 354cr revenue for FY20 which is 147% growth on YoY basis.
Converting stores for E-commerce :-
The company has closed down two of its stores in Mumbai on Aug, 20 and converted the same into local fulfilment center for E – commerce deliveries and this is the first time where the company has closed down its stores since its IPO.
Increasing competition from E–retail
With the advent of the pandemic, E–retail has made its mark with the Indian consumers and Amazon pantry and Jio mart have established their presence in major cities and the competition is increasing.
Raising of funds :-
Avenue Supermarts raised 4098 Cr via QIP at an issue price of Rs. 2,049 on 11th February, 2020. The funds raised will be used for future expansion and partial repayment of the existing debts.
Further, the founder Radha Krishnan Damani sold 2.28% stake on Feb 17, 2020 through OFS to comply with the Minimum public shareholding mandate and consequently, the promoter group hold 74.99% stake in the company.
Technical :- After a very good rally, the stock is fixing it himself. Now we are trying to get another upcoming rally.....
Stock for longterm
DISCLAIMER :
**I am not SEBI register..**
**This is not an investment or Trading advice. This is Just for discussion/paper trading purposes.**
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