Today, we’re going on a journey to explore the estimated DMART Share Price Target for the years 2023 to 2050. We will use our Research and the company’s growth prospects to make a prediction. By the end of our journey, you will have a better understanding of the expected DMART Share Price Target.
DMART was founded in 2002 by Radhakishan Damani, who is also the founder of the investment firm, Bright Star Investments. The company is headquartered in Mumbai, India, and operates 327 stores across India.
DMART is a supermarket chain owned and operated by Avenue Supermarts Ltd. It is India’s most profitable supermarket chain, offering a wide range of products including food, non-food (FMCG), general merchandise, and apparel.
The company has a strong focus on improving its E-Com business channel, ‘DMart Ready’, which contributes ~2.4% of total revenue. DMART has a healthy balance sheet with no debt and strong operational efficiency.
Overview of DMART
| Name | Avenue Supermarts Ltd. |
|---|---|
| Symbol | DMART |
| Industry | Retail |
| Founded | 2002 |
| CEO | Neville Noronha |
| Headquarters | Mumbai, India |
| Country | India |
| Locations | 327 stores across India |
| Website | dmartindia.com |
| Profile | Avenue_Supermarts |
We will analyze the performance of the company’s shares in recent times and provide you with a well-researched DMART Share price target for 2023, 2025, 2030 to 2050. Additionally, we will also take into account analyst recommendations from various brokerage firms, including target high price, target low price, mean recommendation, and key recommendation.
Keep an eye on DMART’s share price today with real-time updates, and examine its performance on the stock market through comprehensive charts that display the fluctuations in DMART’s share price.
Fundamentals of DMART
The fundamental analysis of DMART Limited focuses on key factors to better understand the company’s valuation.
Brokerage Firms
An effective method for evaluating the DMART share price Target is by examining research reports and analyses conducted by reputable financial institutions and brokerage firms.
| DATE | AUTHOR | TARGET | TYPE |
|---|---|---|---|
| 31 JUL 2023 | Geojit BNP Paribas | 4150.00 | Buy |
| 26 JUL 2023 | Prabhudas Lilladha | 4574.00 | Buy |
| 17 JUL 2023 | HDFC Securities | 3200.00 | Sell |
| 17 JUL 2023 | Axis Direct | 3870.00 | Hold |
| 16 JUL 2023 | Motilal Oswal | 4420.00 | Buy |
| 16 JUL 2023 | ICICI Securities Limited | 3700.00 | Hold |
| 15 JUL 2023 | Prabhudas Lilladhar | 4587.00 | Buy |
| 13 JUL 2023 | ICICI Securities Limited | 3800.00 | Hold |
| 15 MAY 2023 | HDFC Securities | 3070.00 | Sell |
| 15 MAY 2023 | ICICI Direct | 3900.00 | Hold |
| 15 MAY 2023 | Axis Direct | 4000.00 | Hold |
Analyst Recommendations
DMART Buy or Sell
Daily Low / High
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We will analyze the performance of the company’s shares in recent times and provide you with a well-researched DMART price target for 2023, 2025 to 2030, based on our Research knowledge and forecasting.
For the year 2023, I forecast that DMART’s share price will range between ₹4000 and ₹4500. This is based on the company’s strong balance sheet with no debt and strong operational efficiency. DMART has reported healthy revenue growth of 18% YoY, aided by strong store additions in recent years.
While gross margins have declined due to inflationary pressure, the company is expected to have a standalone revenue CAGR of 20% over FY23-25E. This, coupled with the company’s focus on improving its E-Com business channel, ‘DMart Ready’, which contributes ~2.4% of total revenue, is expected to drive the share price higher.
For the year 2024, I forecast that DMART’s share price will range between ₹4500 and ₹5000. This is based on the company’s strong store additions, which will aid future growth. DMART has opened 3 new stores in the quarter and 90 stores in the last 2 years, and is expected to continue expanding its store network. The company’s focus on improving its E-Com business channel is also expected to drive revenue growth and boost the share price.
For the year 2025, I forecast that DMART’s share price will range between ₹5000 and ₹5500. This is based on the company’s expected standalone revenue CAGR of 20% over FY23-25E. DMART’s strong balance sheet, operational efficiency, and focus on improving its E-Com business channel are expected to continue driving revenue growth and boosting the share price.
For the year 2027, I forecast that DMART’s share price will range between ₹6000 and ₹6500. This is based on the company’s expected standalone revenue CAGR of 20% over FY23-25E and its continued store additions.
DMART’s focus on improving its E-Com business channel is also expected to drive revenue growth and boost the share price. Additionally, the company’s new subsidiary to launch pharmacy shop-in-shops is expected to boost footfalls and revenue growth, further driving the share price higher.
For the year 2030, I forecast that DMART’s share price will range between ₹7500 and ₹8000. This is based on the company’s expected standalone revenue CAGR of 20% over FY23-25E and its continued store additions. DMART’s focus on improving its E-Com business channel and its new subsidiary to launch pharmacy shop-in-shops are expected to continue driving revenue growth and boosting the share price.
For the year 2050, I forecast that DMART’s share price will range between ₹25000 and ₹30000. This is based on the company’s expected standalone revenue CAGR of 20% over FY23-25E and its continued store additions. DMART’s focus on improving its E-Com business channel and its new subsidiary to launch pharmacy shop-in-shops are expected to continue driving revenue growth and boosting the share price.
Additionally, as the Indian economy continues to grow, consumer spending is expected to increase, which will benefit DMART’s business and share price. Furthermore, DMART’s strong balance sheet with no debt and strong operational efficiency is expected to continue to attract investors and drive the share price higher.
| Year | Minimum Target (₹) | Maximum Target (₹) |
|---|---|---|
| 2023 | ₹4000 | ₹4500 |
| 2024 | ₹4500 | ₹5000 |
| 2025 | ₹5000 | ₹5500 |
| 2026 | ₹5500 | ₹6000 |
| 2027 | ₹6000 | ₹6500 |
| 2030 | ₹7500 | ₹8000 |
| 2035 | ₹10000 | ₹12000 |
| 2040 | ₹15000 | ₹18000 |
| 2050 | ₹25000 | ₹30000 |
– According to Google historical data, the price of DMART on 24 Mar 2017 was ₹616.90.
– As of 20 August 2023, the current share price of DMART is ₹3,532 Check out today’s current share price.
– Based on our analysis, the maximum share price target for DMART in 2023 could be ₹4500.
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I would like to remind you that I am not authorized by SEBI to provide any financial advice or recommendations. As you know, Share price prediction is not an exact science, That’s why I am conducting in-depth research and using different AI tools to predict share prices. My purpose is only educational, and I am using AI to see what the future of the stock might look like.
Disclaimer– That these Share Price Targets for “DMART Share Price Target” is only provided for informational purposes only. It does not constitute a recommendation to buy, sell or hold DMART stock. Investors should conduct their own research and analysis and consult with financial experts before making any investment decisions— Sharedhan.com
