Avenue Supermarts (NSE:DMART) Cash Conversion Cycle: 28.32 (As of Mar. 2026)


NSE:DMART Avenue Supermarts Ltd NSE:DMART
98 GF Score
Price ₹4,294.60
GF Value ₹5,526.62
Valuation Modestly Undervalued
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What is Avenue Supermarts Cash Conversion Cycle?

Avenue Supermarts NSE:DMART -0.95% 98 Cash Conversion Cycle is 28.32 as of Mar. 2026. GuruFocus rates NSE:DMART with a GF Score™ of 98/100 and a GF Value™ of ₹5,526.62 (Modestly Undervalued).

Cash Conversion Cycle is one of several measures of management effectiveness. It equals Days Sales Outstanding + Days Inventory - Days Payable.

Avenue Supermarts's Days Sales Outstanding for the three months ended in Mar. 2026 was 0.77.
Avenue Supermarts's Days Inventory for the three months ended in Mar. 2026 was 35.63.
Avenue Supermarts's Days Payable for the three months ended in Mar. 2026 was 8.08.
Therefore, Avenue Supermarts's Cash Conversion Cycle (CCC) for the three months ended in Mar. 2026 was 28.32.


Avenue Supermarts  (NSE:DMART) Cash Conversion Cycle Explanation

Generally, the lower this number is, the better for the company. Although it should be combined with other metrics (such as ROE % and ROA %), it can be especially useful for comparing close competitors, because the company with the lowest CCC is often the one with better management.


Be Aware

CCC is most effective with retail-type companies, which have inventories that are sold to customers. Consulting businesses, software companies and insurance companies are all examples of companies for whom this metric is meaningless.

The CCC is one of several tools that can help you evaluate management, especially if it is calculated for several consecutive time periods and for several competitors. Decreasing or steady CCCs are good, while rising ones should motivate you to dig a bit deeper.


Avenue Supermarts Cash Conversion Cycle Related Terms


Avenue Supermarts Cash Conversion Cycle Historical Data

* Premium members only.

The historical data trend for Avenue Supermarts's Cash Conversion Cycle can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Avenue Supermarts Cash Conversion Cycle Chart

Avenue Supermarts Annual Data
Trend Mar17 Mar18 Mar19 Mar20 Mar21 Mar22 Mar23 Mar24 Mar25 Mar26
Cash Conversion Cycle
Get a 7-Day Free Trial Premium Member Only Premium Member Only 27.06 23.82 23.71 25.95 27.45

Avenue Supermarts Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
Cash Conversion Cycle Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 29.35 27.03 29.67 27.40 28.32

NSE:DMART vs WMT, COST, TGT: Cash Conversion Cycle Comparison

For the Discount Stores subindustry, Avenue Supermarts's Cash Conversion Cycle, along with its competitors' market caps and Cash Conversion Cycle data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.


Avenue Supermarts Cash Conversion Cycle vs Retail - Defensive Industry

For the Retail - Defensive industry and Consumer Defensive sector, Avenue Supermarts's Cash Conversion Cycle distribution charts can be found below:

* The bar in red indicates where Avenue Supermarts's Cash Conversion Cycle falls into.


NSE:DMART
98GF Score
Avenue Supermarts Ltd NSE:DMART
Cash Conversion Cycle is just one metric. See GF Score™, valuation, warning signs, and more.
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Avenue Supermarts Cash Conversion Cycle Calculation

Cash Conversion Cycle (CCC) measures how fast a company can convert cash on hand into even more cash on hand. This metric looks at the amount of time needed to sell inventory, the amount of time needed to collect receivables and the length of time the company is afforded to pay its bills without incurring penalties.

Cash Conversion Cycle is one of several measures of management effectiveness.

Avenue Supermarts's Cash Conversion Cycle for the fiscal year that ended in Mar. 2026 is calculated as

Cash Conversion Cycle=Days Sales Outstanding +Days Inventory-Days Payable
=0.8+34.17-7.52
=27.45

Avenue Supermarts's Cash Conversion Cycle for the quarter that ended in Mar. 2026 is calculated as:

Cash Conversion Cycle=Days Sales Outstanding+Days Inventory-Days Payable
=0.77+35.63-8.08
=28.32

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Cash Conversion Cycle →
What does a Cash Conversion Cycle of 28.32 mean?
Avenue Supermarts (NSE:DMART) has a Cash Conversion Cycle of 28.32 as of Mar. 2026. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Avenue Supermarts and its competitors.
Is Avenue Supermarts' Cash Conversion Cycle too high?
Avenue Supermarts' current Cash Conversion Cycle is 28.32. The Retail - Defensive industry median Cash Conversion Cycle is 19.65. Avenue Supermarts' value of 28.32 is 44.1% above this industry median. Overall, Avenue Supermarts has a GF Score™ of 98/100 and is considered Modestly Undervalued, reflecting its overall financial health beyond just this single metric.
How does Avenue Supermarts' Cash Conversion Cycle compare to WMT and COST?
Avenue Supermarts' Cash Conversion Cycle of 28.32 can be compared against companies in the Retail - Defensive industry. The industry median Cash Conversion Cycle is 19.65. Avenue Supermarts' value of 28.32 is 44.1% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Cash Conversion Cycle for a Retail - Defensive company?
The median Cash Conversion Cycle among Retail - Defensive companies is 19.65, based on 309 companies in the industry. Companies in the top quartile (top 25%) have a Cash Conversion Cycle significantly above this median, while those in the bottom quartile fall well below. However, Cash Conversion Cycle should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Avenue Supermarts's current Cash Conversion Cycle of 28.32 is 44.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Cash Conversion Cycle mean?
A high Cash Conversion Cycle can signal that a stock is expensive relative to its fundamentals. Cash conversion cycle equals sum of days inventory and days sales outstanding less days payable. View historical data on Avenue Supermarts and its competitors. For the Retail - Defensive industry, the median Cash Conversion Cycle is 19.65 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avenue Supermarts's current Cash Conversion Cycle is 28.32. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Avenue Supermarts stock overvalued right now?
Based on GuruFocus' analysis, Avenue Supermarts (NSE:DMART) is currently considered Modestly Undervalued. The stock's GF Value™ is ₹5,526.62, compared to a current price of ₹4,294.60 — trading 22.3% below its estimated fair value. The current Cash Conversion Cycle is 28.32 and 44.1% above the Retail - Defensive industry median of 19.65. Avenue Supermarts' overall GF Score™ is 98/100. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Cash Conversion Cycle calculated?
Cash Conversion Cycle is calculated from a company's financial statements. For Avenue Supermarts (NSE:DMART), the current Cash Conversion Cycle is 28.32 as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Avenue Supermarts (NSE:DMART) Overvalued in 2026?

Based on GuruFocus' analysis, Avenue Supermarts stock appears to be undervalued. The current stock price of ₹4,294.60 is trading 22.3% below its estimated GF Value™ of ₹5,526.62. GuruFocus considers Avenue Supermarts to be Modestly Undervalued.

Key valuation signals for NSE:DMART:

  • Cash Conversion Cycle: 28.32
  • GF Value™: ₹5,526.62 vs. price of ₹4,294.60 (22.3% below fair value)
  • GF Score™: 98/100
  • Industry Position: 44.1% above the Retail - Defensive median

No single metric tells the full story. See the NSE:DMART stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.


Avenue Supermarts Business Description

Other Exchanges 540376:India
Address Road No. 33, Kamgar Hospital Road, Plot No. B-72 and B-72A, Wagle Industrial Estate, Thane, MH, IND, 400604
Avenue Supermarts Ltd is an India-based company engaged in the business of organized retail and operates supermarkets under the brand name of D-Mart. It provides products under the categories of Foods, Non-Foods (FMCG) and General Merchandise and Apparel. Foods category includes products such as dairy, staples, groceries, snacks, frozen products, processed foods, beverages and confectionary and fruits and vegetables. Non-Foods (FMCG) comprises home care products, personal care products, toiletries and other over-the-counter products. General Merchandise and Apparel include bed and bath, toys and games, crockery, plastic goods, garments, footwear, utensils and home appliances. The business operations of the company are principally carried out in India.
98GF Score

Get the complete analysis for NSE:DMART

Cash Conversion Cycle is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

₹4,294.60
Price
₹5,526.62
GF Value