Avenue SupermartsNSE:DMART -1.19%98 3-Year ROIIC % is 5.94 as of Mar. 2026, which is 58% below its 10-year median of 14.03. GuruFocus rates NSE:DMART with a GF Score™ of 98/100 and a GF Value™ of ₹5,541.71 (Modestly Undervalued). Among 293 Retail - Defensive companies, Avenue Supermarts ranks worse than 50.85% on this metric.
3-Year Return on Invested Incremental Capital (3-Year ROIIC %) measures the change in earnings as a percentage of change in investment over 3-year.
Avenue Supermarts's 3-Year ROIIC % for the quarter that ended in Mar. 2026 was 5.94%. High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
The industry rank for Avenue Supermarts's 3-Year ROIIC % or its related term are showing as below:
NSE:DMART's 3-Year ROIIC % is ranked worse than 50.85% of 293
companies
in the Retail - Defensive industry
Industry Median: 5.95
vs NSE:DMART: 5.94
Return on Incremental Invested Capital (ROIIC) is an extension of Return on Investment Capital (ROIC). ROIC % tells investors how efficiently that profitability is earned per dollar of company capital. ROIIC narrows the focus even further and shows how profitable each additional unit of capital investment could be. ROIIC % is a more powerful metric than ROIC because it measures how much money the company can generate going forward on future capital investments.
High ROIIC is generally an indication that your business is capital efficient or has a higher operating leverage.
Be Aware
It's important to keep in mind that when tracking ROIIC, the metric is better suited to forecasting the trend of future returns rather than measuring current return on investment.
Avenue Supermarts 3-Year ROIIC % Related Terms
Avenue Supermarts 3-Year ROIIC % Historical Data
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The historical data trend for Avenue Supermarts's 3-Year ROIIC % 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.
NSE:DMART vs WMT, COST, TGT: 3-Year ROIIC % Comparison
For the Discount Stores subindustry, Avenue Supermarts's 3-Year ROIIC %, along with its competitors' market caps and 3-Year ROIIC % 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 3-Year ROIIC % vs Retail - Defensive Industry
For the Retail - Defensive industry and Consumer Defensive sector, Avenue Supermarts's 3-Year ROIIC % distribution charts can be found below:
* The bar in red indicates where Avenue Supermarts's 3-Year ROIIC % falls into.
* 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.
** Annual data of NOPAT and Invested Capital was used to calculate 3-Year ROIIC %.
*** Please be aware that the ROIIC (Return on Invested Capital) calculations are based on company-level data using the primary share class. The calculated data provided is for demonstration purposes and may slightly differ from the results displayed in the title due to potential variations caused by currency exchange rate differences throughout the year.
Avenue Supermarts (NSE:DMART) has a 3-Year ROIIC % of 5.94 as of Mar. 2026. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Avenue Supermarts and its competitors. This is 58% below median its historical median of 14.03. Over the past decade, Avenue Supermarts' 3-Year ROIIC % has ranged from 3.20 to 26.10. According to the industry distribution chart, Avenue Supermarts ranks #149 out of 293 companies in the Retail - Defensive industry, placing it in the top 50.9%.
Is Avenue Supermarts' 3-Year ROIIC % too high?
Avenue Supermarts' current 3-Year ROIIC % of 5.94 is 58% below median its 10-year median of 14.03. Over the past 10 years, this metric has ranged from a low of 3.20 to a high of 26.10. The Retail - Defensive industry median 3-Year ROIIC % is 5.95. Avenue Supermarts' value of 5.94 is 0.2% below this industry median. Based on the distribution chart, Avenue Supermarts ranks #149 out of 293 companies in the Retail - Defensive industry, which is below the industry midpoint. 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' 3-Year ROIIC % compare to WMT and COST?
According to the Retail - Defensive industry distribution chart, Avenue Supermarts ranks #149 out of 293 companies for 3-Year ROIIC %. This places Avenue Supermarts in the lower half of its industry. The industry median 3-Year ROIIC % is 5.95. Avenue Supermarts' value of 5.94 is 0.2% below this benchmark. Historically, Avenue Supermarts' own 3-Year ROIIC % has ranged from 3.20 to 26.10 over the past decade. While the company's 10-year median is 14.03 vs. the industry median of 5.95, Avenue Supermarts has consistently been below the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good 3-Year ROIIC % for a Retail - Defensive company?
The median 3-Year ROIIC % among Retail - Defensive companies is 5.95, based on 293 companies in the industry. Companies in the top quartile (top 25%) have a 3-Year ROIIC % significantly above this median, while those in the bottom quartile fall well below. However, 3-Year ROIIC % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Avenue Supermarts's current 3-Year ROIIC % of 5.94 is 0.2% below 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 3-Year ROIIC % mean?
A high 3-Year ROIIC % can signal that a stock is expensive relative to its fundamentals. 3-Year ROIIC % measures the change in earnings as a percentage of change in investment over 3-year. View historical data on Avenue Supermarts and its competitors. For the Retail - Defensive industry, the median 3-Year ROIIC % is 5.95 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Avenue Supermarts's current 3-Year ROIIC % is 5.94, which is 58% below median its own 10-year median of 14.03. 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 ₹5,541.71, compared to a current price of ₹4,328.60 — trading 21.9% below its estimated fair value. The current 3-Year ROIIC % is 5.94, which is 58% below median its 10-year median of 14.03 and 0.2% below the Retail - Defensive industry median of 5.95. 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 3-Year ROIIC % calculated?
3-Year ROIIC % is calculated from a company's financial statements. For Avenue Supermarts (NSE:DMART), the current 3-Year ROIIC % is 5.94 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 ₹4,328.60 is trading 21.9% below its estimated GF Value™ of ₹5,541.71.
GuruFocus considers Avenue Supermarts to be Modestly Undervalued.
Key valuation signals for NSE:DMART:
3-Year ROIIC %: 5.94 (58% below median its 10-year median of 14.03)
GF Value™: ₹5,541.71 vs. price of ₹4,328.60 (21.9% below fair value)
Industry Position: 0.2% below the Retail - Defensive median (#149 of 293)
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 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
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