Sector Alpha Week of 2026-07-29
20-quarter listed-company comparison

Retail - Departmental Stores Stocks in India

Retail - Departmental Stores: Avenue Supermarts Ltd owns the largest revenue base AND the fastest current growth.

Nifty Retail - Departmental Stores Index — Constituents & Performance

The Retail - Departmental Stores companies below are the listed Indian Retail - Departmental Stores universe this page tracks — the same constituent set people search for as the Nifty Retail - Departmental Stores index. Every figure is equal-weighted across those companies, so one large constituent cannot set the reading. Each number carries its own as-of date.

The sector itself · before any single company

How has Retail - Departmental Stores moved against NIFTY 500?

The line below covers 5.1 years. Over the most recent two of them this sector is 35% behind NIFTY 500. Earnings across its companies fell 15% on average over the last four reported quarters.

TURNING · ahead 1wPrice down, no fundamental support1 of 3 companies ahead of NIFTY 500 by 5% or more over three months

RS ↑1w · 1/3 >200d (+0) · 1/3 lead (+0) · EPS 1/3↑

200500202620252024202320222021 348336 TRAILING 12-MONTH EPS · 100 AT THE START0100115Sep 23Mar 24Sep 24Mar 25Sep 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 2.9% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 98, against 100 at the start · down 8.7% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 103, against 100 at the start · down 13.8% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 109, against 100 at the start · down 26.3% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 15.0% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 106, against 100 at the start · up 8.5% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 96, against 100 at the start · down 7.4% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 91, against 100 at the start · down 16.6% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 73, against 100 at the start · up 1.7% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 91, against 100 at the start · down 14.1% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 92, against 100 at the start · down 3.9% on a year ago · 3 reportingSep 2022 · too few reporting — 2 of the Retail - Departmental Stores filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 2 of the Retail - Departmental Stores filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 2 of the Retail - Departmental Stores filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 2 of the Retail - Departmental Stores filed a comparable quarter, and three is the floor for a readingJun 2026 · too few reporting — 2 of the Retail - Departmental Stores filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two92 · Mar 26No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
200500202620252024202320222021 348336 TRAILING 12-MONTH EPS · 100 AT THE START0100115Mar 24Mar 25Mar 26Sep 2023 · trailing 12-month earnings per share at 100, against 100 at the start · down 2.9% on a year ago · 3 reportingDec 2023 · trailing 12-month earnings per share at 98, against 100 at the start · down 8.7% on a year ago · 3 reportingMar 2024 · trailing 12-month earnings per share at 103, against 100 at the start · down 13.8% on a year ago · 3 reportingJun 2024 · trailing 12-month earnings per share at 109, against 100 at the start · down 26.3% on a year ago · 3 reportingSep 2024 · trailing 12-month earnings per share at 115, against 100 at the start · up 15.0% on a year ago · 3 reportingDec 2024 · trailing 12-month earnings per share at 106, against 100 at the start · up 8.5% on a year ago · 3 reportingMar 2025 · trailing 12-month earnings per share at 96, against 100 at the start · down 7.4% on a year ago · 3 reportingJun 2025 · trailing 12-month earnings per share at 91, against 100 at the start · down 16.6% on a year ago · 3 reportingSep 2025 · trailing 12-month earnings per share at 73, against 100 at the start · up 1.7% on a year ago · 3 reportingDec 2025 · trailing 12-month earnings per share at 91, against 100 at the start · down 14.1% on a year ago · 3 reportingMar 2026 · trailing 12-month earnings per share at 92, against 100 at the start · down 3.9% on a year ago · 3 reportingSep 2022 · too few reporting — 2 of the Retail - Departmental Stores filed a comparable quarter, and three is the floor for a readingDec 2022 · too few reporting — 2 of the Retail - Departmental Stores filed a comparable quarter, and three is the floor for a readingMar 2023 · too few reporting — 2 of the Retail - Departmental Stores filed a comparable quarter, and three is the floor for a readingJun 2023 · too few reporting — 2 of the Retail - Departmental Stores filed a comparable quarter, and three is the floor for a readingJun 2026 · too few reporting — 2 of the Retail - Departmental Stores filed a comparable quarter, and three is the floor for a readingNot reported yet — earnings trail price by a quarter or two92No earnings on file this far back — the price series reaches further than the filings doNO EARNINGS ON FILE
Retail - Departmental Stores, equal-weighted, based at 200 NIFTY 500, same base, same start trailing 12-month earnings per share rising falling
Strength anatomy Moving without the scoresHow much of the sector is participating, how recently, and whether the movers score well.
Together1 of 3 stocks moving
Fresh0 crossed in the last 4 weeks
Backed by scoresmovers score −5 vs the sector average
Down the cap ladder — bar is now, tick is four weeks ago
Large 0/10
Mid 1/10
Small 0/10

Participation is not spreading downward this month; the larger companies are still carrying most of it.

Both lines start at 200 in the same week, so the distance between them is the whole story: the sector line is an equal-weighted index of its 3 companies. The bars underneath are trailing 12-month earnings per share, one bar per reported quarter, each member rebased to 100 at the start and the sector taking the median — so a price line pulling away from flat bars is a re-rating, not earnings. A bar turns red when that figure is lower than the quarter before. Rules are fixed and applied identically everywhere on this site: ahead by 5% or more over three months, or behind by 20% or more over a year while earnings grew 20% or more. Hover any point to read both values and the gap. This is a description of what the numbers did, not advice.

Sector relative strength · before individual stocks

Is Retail - Departmental Stores outperforming NIFTY 500?

The 52-week comparison of Retail - Departmental Stores against NIFTY 500 is not available from the current market series. 0 of 3 covered companies currently beat NIFTY on Mansfield relative strength, so leadership inside the sector is selective. Avenue Supermarts Ltd is the strongest against the sector itself at -0.8%.

Sector vs NIFTY 500 · 13 weeks
Sector vs NIFTY 500 · 52 weeks
0/3Stocks leading NIFTY 500
0/3Stocks leading sector

Sector metric: — as of latest available · unclassified · direction unavailable.

The central tension: current leadership is concentrated, so durability matters more than rank.

Start with scale. Then earnings trajectory. Then business quality. Only after those three agree should price leadership carry much weight.

Bottom line

The 52-week sector comparison is unavailable. 0 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500. Avenue Supermarts Ltd leads with revenue of ₹71,256 crore, based on 3 of 3 comparable companies through Jun 2026. Avenue Supermarts Ltd has the fastest current revenue growth at 15.6%, across 3 of 3 comparable companies.

Is the Retail - Departmental Stores sector outperforming NIFTY 500?

The 52-week sector comparison is unavailable. 0 of 3 covered companies currently have positive Mansfield relative strength versus NIFTY 500.

Which Retail - Departmental Stores company is largest by revenue?

Avenue Supermarts Ltd leads with revenue of ₹71,256 crore, based on 3 of 3 comparable companies through Jun 2026.

Which Retail - Departmental Stores company is growing fastest?

Avenue Supermarts Ltd has the fastest current revenue growth at 15.6%, across 3 of 3 comparable companies.

Which Retail - Departmental Stores company has the strongest 4-Factor Sector Score?

Avenue Supermarts Ltd ranks first at 43.9/100 with 90% evidence confidence. The score prioritizes research; it is not a buy recommendation.

Which Retail - Departmental Stores company has the least gross debt?

Yamuna Syndicate Ltd has the lowest comparable gross debt at ₹0 crore. Shoppers Stop Ltd has the highest at ₹3,317 crore.

Which Retail - Departmental Stores company has the lowest comparable PEG?

Avenue Supermarts Ltd has the lowest comparable Guarded PEG at 9.74, among 1 of 3 companies that pass the metric’s comparability rules.

How much history does this Retail - Departmental Stores comparison include?

The page compares up to 20 reported quarters per company for fundamentals, CAPEX, debt and valuation, ending Jun 2026. Missing observations remain blank rather than being estimated.

How is the 4-Factor Sector Score calculated?

The four visible contributions add directly: growth and earnings up to 35 points, capital efficiency up to 25, valuation up to 20, and relative strength up to 20. Missing or stale evidence moves only the affected contribution toward neutral.

Companies
3
complete canonical membership
Combined market value
₹2.7 L Cr
Avenue Supermarts Ltd
Revenue growing
3/3
positive TTM year-on-year growth
Beating NIFTY 500
0/3
positive Mansfield relative strength
Global company selection
00 · research priority, made explicit

4-Factor Sector Score

An additive sector-relative research score. The four displayed point contributions always equal the total: Growth & earnings (35), Capital efficiency (25), Valuation (20), and Relative strength (20). Missing or stale evidence is absorbed inside the affected factor, never applied as a hidden adjustment.

Growth & earnings · 35%Capital efficiency · 25%Valuation · 20%Relative strength · 20%
Avenue Supermarts Ltd has the strongest current balance of earnings trajectory, business quality, valuation and price confirmation, with 90% evidence confidence.

Missing observations are not scored as bad. Their missing weight lowers confidence and pulls the final score toward neutral. PEG is guarded: positive earnings, positive 5–60% three-year EPS growth, and a positive P/E are required.

1. Avenue Supermarts Ltd · DMART

43.9/100 · Mixed-negative evidence · 90% evidence

Exact sum: 19.1 + 16 + 5 + 3.8 = 43.9

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

19.1/35Growth & earnings

Revenue 15.6% · PAT 12.9% · OPM change 0 pp

100% evidence

16.0/25Capital efficiency

ROCE 17.2% · debt/equity 0.1×

100% evidence

5.0/20Valuation

P/E 85.7× · PEG 9.74

50% evidence

3.8/20Relative strength

RS sector -0.8% · RS bench -5.7% · 1Y -2.4%

100% evidence

2. Yamuna Syndicate Ltd · 540980

30.3/100 · Adverse evidence · 76% evidence

Exact sum: 11.2 + 11.1 + 8 + 0 = 30.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

11.2/35Growth & earnings

Revenue 7.8% · PAT -4.3% · OPM change 1 pp

83% evidence

11.1/25Capital efficiency

ROCE 4.1% · debt/equity 0×

80% evidence

8.0/20Valuation

P/E 15.4× · PEG —

35% evidence

0.0/20Relative strength

RS sector -13.9% · RS bench -18.7% · 1Y -33.6%

100% evidence

3. Shoppers Stop Ltd · SHOPERSTOP

30.3/100 · Adverse evidence · 65% evidence

Exact sum: 14.7 + 2.6 + 10 + 3 = 30.3

Decision use: Balanced evidence: keep at normal research priority and require another comparable period before raising conviction.

14.7/35Growth & earnings

Revenue 9.6% · PAT -80% · OPM change 0 pp

74% evidence

2.6/25Capital efficiency

ROCE 7% · debt/equity 11.4×

100% evidence

10.0/20Valuation

P/E — · PEG —

0% evidence

3.0/20Relative strength

RS sector -20.7% · RS bench -5.7% · 1Y -29.6%

70% evidence

01 · compare level, then change

Revenue Scale & Growth Durability

Avenue Supermarts Ltd has the highest Revenue among the 3 Retail - Departmental Stores companies compared here, at ₹71,256 crore. Shoppers Stop Ltd is next at ₹5,174 crore. The same company also holds the highest Revenue growth, at 15.6%. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Avenue Supermarts Ltd is the scale leader at ₹71,256 crore, 13.8× the revenue of Shoppers Stop Ltd. Avenue Supermarts Ltd's growth is 15.6% from a ₹71,256 crore base, with 20 reported observations in the 20-quarter window. Treat the growth leader as an acceleration candidate, not as equally proven scale.

LeaderAvenue Supermarts Ltd · ₹71,256 crore
Gap13.8× versus #2 · Shoppers Stop Ltd
Persistence8/8 recent comparable periods
Coverage3/3 companies · 54 observations

Investor read: Avenue Supermarts Ltd is the scale benchmark; Avenue Supermarts Ltd is the acceleration watch. Promote the challenger only if growth persists and converts into margin and returns.

This conclusion weakens if: Avenue Supermarts Ltd's growth falls below Avenue Supermarts Ltd's for two consecutive comparable reports while operating margin also compresses.

Revenue is compared on a common reported-currency basis. Growth is year-on-year, so seasonality does not masquerade as progress.
Revenuelargest
1Avenue Supermarts Ltd DMART₹71.3K Cr
2Shoppers Stop Ltd SHOPERSTOP₹5.2K Cr
3Yamuna Syndicate Ltd 540980₹69 Cr
Revenue growthfastest growers
1Avenue Supermarts Ltd DMART16%
2Shoppers Stop Ltd SHOPERSTOP9.6%
3Yamuna Syndicate Ltd 5409807.8%
Revenue · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyRevenueRevenue growthReported
Avenue Supermarts Ltd DMART₹18.8K Cr15%Jun 2026
Shoppers Stop Ltd SHOPERSTOP₹1.3K Cr11%Jun 2026
Yamuna Syndicate Ltd 540980₹18 Cr20%Mar 2026
Full 20-quarter history · every available company

Revenue · reported quarter history

Avenue Supermarts Ltd · DMART

₹7.8K Cr
₹9.2K Cr
₹8.8K Cr
₹10.0K Cr
₹10.6K Cr
₹11.6K Cr
₹10.6K Cr
₹11.9K Cr
₹12.6K Cr
₹13.6K Cr
₹12.7K Cr
₹14.1K Cr
₹14.4K Cr
₹16.0K Cr
₹14.9K Cr
₹16.4K Cr
₹16.7K Cr
₹18.1K Cr
₹17.7K Cr
₹18.8K Cr

Shoppers Stop Ltd · SHOPERSTOP

₹642 Cr
₹958 Cr
₹713 Cr
₹948 Cr
₹1.0K Cr
₹1.1K Cr
₹924 Cr
₹994 Cr
₹1.0K Cr
₹1.2K Cr
₹1.0K Cr
₹1.1K Cr
₹1.1K Cr
₹1.4K Cr
₹1.1K Cr
₹1.2K Cr
₹1.3K Cr
₹1.4K Cr
₹1.2K Cr
₹1.3K Cr

Yamuna Syndicate Ltd · 540980

₹14 Cr
₹15 Cr
₹21 Cr
₹14 Cr
₹15 Cr
₹14 Cr
₹19 Cr
₹15 Cr
₹15 Cr
₹15 Cr
₹19 Cr
₹15 Cr
₹17 Cr
₹18 Cr

Revenue growth · reported quarter history

Avenue Supermarts Ltd · DMART

37%
26%
21%
18%
19%
17%
20%
19%
14%
18%
17%
16%
15%
13%
19%
15%

Shoppers Stop Ltd · SHOPERSTOP

362%
58%
19%
30%
4.9%
2.6%
8.9%
13%
7.6%
7.3%
11%
1.7%
8.6%
13%
2.7%
14%
11%

Yamuna Syndicate Ltd · 540980

7.1%
-6.7%
-9.5%
7.1%
0.0%
7.1%
0.0%
0.0%
13%
20%
02 · compare level, then change

Operating Economics & Margin Trend

Shoppers Stop Ltd has the highest OPM among the 3 Retail - Departmental Stores companies compared here, at 15%. Avenue Supermarts Ltd is next at 8%. Yamuna Syndicate Ltd has the highest Margin change at +1 percentage points, so level and change sit with different companies. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Shoppers Stop Ltd leads opm at 15%; Yamuna Syndicate Ltd leads margin change at +1 percentage points.

LeaderShoppers Stop Ltd · 15%
Gap87.5% versus #2 · Avenue Supermarts Ltd
Persistence2/8 recent comparable periods
Coverage3/3 companies · 59 observations

Investor read: Shoppers Stop Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current margin change signal.

Operating margin compares operating profit with revenue. Improvement is measured in percentage points, not percentage growth.
OPMhighest
1Shoppers Stop Ltd SHOPERSTOP15%
2Avenue Supermarts Ltd DMART8.0%
3Yamuna Syndicate Ltd 5409803.0%
Margin changefastest expanders
1Yamuna Syndicate Ltd 540980+1.0 pp
2Avenue Supermarts Ltd DMART0.0 pp
3Shoppers Stop Ltd SHOPERSTOP0.0 pp
Operating margin · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyOPMMargin changeReported
Shoppers Stop Ltd SHOPERSTOP15%0.0 ppJun 2026
Avenue Supermarts Ltd DMART8.0%0.0 ppJun 2026
Yamuna Syndicate Ltd 5409803.0%+1.0 ppMar 2026
Full 20-quarter history · every available company

OPM · reported quarter history

Avenue Supermarts Ltd · DMART

8.6%
9.4%
8.4%
10%
8.4%
8.0%
7.0%
9.0%
8.0%
8.0%
7.0%
9.0%
8.0%
8.0%
6.0%
8.0%
7.0%
8.0%
7.0%
8.0%

Shoppers Stop Ltd · SHOPERSTOP

11%
19%
11%
17%
16%
19%
17%
17%
15%
18%
16%
13%
13%
18%
16%
15%
14%
15%
15%
15%

Yamuna Syndicate Ltd · 540980

2.5%
2.7%
4.3%
3.0%
2.3%
2.0%
3.0%
3.0%
2.0%
1.0%
0.0%
2.0%
2.0%
2.0%
2.0%
2.0%
1.0%
2.0%
3.0%

Margin change · reported quarter history

Avenue Supermarts Ltd · DMART

+2.4 pp
+0.3 pp
+0.1 pp
+5.7 pp
−0.2 pp
−1.4 pp
−1.4 pp
−1.0 pp
−0.4 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
0.0 pp
−1.0 pp
−1.0 pp
−1.0 pp
0.0 pp
+1.0 pp
0.0 pp

Shoppers Stop Ltd · SHOPERSTOP

+24.1 pp
+6.2 pp
−3.2 pp
+47.9 pp
+5.1 pp
−0.2 pp
+6.3 pp
−0.1 pp
−1.3 pp
−1.0 pp
−1.0 pp
−4.0 pp
−2.0 pp
0.0 pp
0.0 pp
+2.0 pp
+1.0 pp
−3.0 pp
−1.0 pp
0.0 pp

Yamuna Syndicate Ltd · 540980

0.0 pp
−0.2 pp
+0.0 pp
−0.5 pp
−0.3 pp
−0.7 pp
−1.3 pp
−0.0 pp
−0.3 pp
−1.0 pp
−3.0 pp
−1.0 pp
0.0 pp
+1.0 pp
+2.0 pp
0.0 pp
−1.0 pp
0.0 pp
+1.0 pp
03 · compare level, then change

Profit Scale & Acceleration

Avenue Supermarts Ltd has the highest Net profit among the 3 Retail - Departmental Stores companies compared here, at ₹3,057 crore. Yamuna Syndicate Ltd is next at ₹110 crore. The same company also holds the highest Profit growth, at 12.9%. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Avenue Supermarts Ltd leads with ₹3,057 crore of TTM profit, 27.8× the profit of Yamuna Syndicate Ltd. Avenue Supermarts Ltd shows 12.9% growth from a ₹3,057 crore profit base. Compare the size of the base and persistence before ranking acceleration above profit scale.

LeaderAvenue Supermarts Ltd · ₹3,057 crore
Gap27.8× versus #2 · Yamuna Syndicate Ltd
Persistence6/8 recent comparable periods
Coverage3/3 companies · 54 observations

Investor read: Avenue Supermarts Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current profit growth signal.

Net profit is the residual after operating costs, interest and tax. Growth off a loss or near-zero base is excluded from the fastest-grower rank.
Net profitlargest
1Avenue Supermarts Ltd DMART₹3.1K Cr
2Yamuna Syndicate Ltd 540980₹110 Cr
3Shoppers Stop Ltd SHOPERSTOP₹-34 Cr
Profit growthfastest growers
1Avenue Supermarts Ltd DMART13%
2Yamuna Syndicate Ltd 540980-4.4%
Net profit · company comparison
3/3 level · 2/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyNet profitProfit growthReported
Avenue Supermarts Ltd DMART₹860 Cr11%Jun 2026
Yamuna Syndicate Ltd 540980₹34 Cr3.0%Mar 2026
Shoppers Stop Ltd SHOPERSTOP₹-14 Cr-900%Jun 2026
Full 20-quarter history · every available company

Net profit · reported quarter history

Avenue Supermarts Ltd · DMART

₹418 Cr
₹553 Cr
₹427 Cr
₹643 Cr
₹686 Cr
₹590 Cr
₹460 Cr
₹659 Cr
₹623 Cr
₹690 Cr
₹563 Cr
₹774 Cr
₹659 Cr
₹724 Cr
₹551 Cr
₹773 Cr
₹685 Cr
₹856 Cr
₹656 Cr
₹860 Cr

Shoppers Stop Ltd · SHOPERSTOP

₹-4 Cr
₹77 Cr
₹-16 Cr
₹23 Cr
₹16 Cr
₹63 Cr
₹14 Cr
₹14 Cr
₹3 Cr
₹37 Cr
₹23 Cr
₹-23 Cr
₹-21 Cr
₹52 Cr
₹2 Cr
₹-16 Cr
₹-20 Cr
₹16 Cr
₹-16 Cr
₹-14 Cr

Yamuna Syndicate Ltd · 540980

₹30 Cr
₹38 Cr
₹23 Cr
₹27 Cr
₹28 Cr
₹45 Cr
₹30 Cr
₹42 Cr
₹10 Cr
₹33 Cr
₹24 Cr
₹20 Cr
₹32 Cr
₹34 Cr

Profit growth · reported quarter history

Avenue Supermarts Ltd · DMART

64%
6.7%
7.7%
2.5%
-9.2%
17%
22%
17%
5.8%
4.9%
-2.1%
-0.1%
4.0%
18%
19%
11%

Shoppers Stop Ltd · SHOPERSTOP

-18%
-39%
-81%
-41%
64%
-264%
-800%
41%
-91%
-69%
-900%

Yamuna Syndicate Ltd · 540980

-6.7%
18%
30%
56%
-64%
-27%
-20%
-52%
220%
3.0%
04 · not available

Capacity Spending & Returns On It

No company in this Retail - Departmental Stores comparison reports capital expenditure on a comparable basis, so there is nothing to rank here — 0 of 3 companies have a usable current reading. The section is shown rather than removed so an unavailable metric is not mistaken for one that was quietly left out. Filings were read through Jun 2026.

CAPEX is cash spent on property, plant, equipment and other reported capital assets. CAPEX intensity divides that spend by revenue; high intensity is a reinvestment signal, not proof that the reinvestment will earn attractive returns.
05 · compare level, then change

Debt Load & Balance-Sheet Headroom

Yamuna Syndicate Ltd has the lowest Gross debt among the 3 Retail - Departmental Stores companies compared here, at ₹0 crore. Avenue Supermarts Ltd is next at ₹2,425 crore. Avenue Supermarts Ltd has the lowest Net debt at ₹2,119 crore, so level and change sit with different companies. Its Gross debt series carries 6 reported observations across the 20-quarter window.

What the numbers say: Avenue Supermarts Ltd has the clearest covered balance-sheet capacity with ₹2,119 crore and gross debt of ₹2,425 crore. Absolute debt alone does not identify the strongest balance sheet because company scale differs; net debt and debt-to-equity carry more information.

LeaderYamuna Syndicate Ltd · ₹0 crore
Gap100% versus #2 · Avenue Supermarts Ltd
PersistenceNot enough history
Coverage3/3 companies · 45 observations

Investor read: Prioritize net-cash capacity and leverage relative to operating scale, not the smallest absolute rupee debt.

This conclusion weakens if: Net debt rises faster than revenue and profit for two consecutive reported periods.

Gross debt shows contractual borrowings. Net debt subtracts reported cash; a negative value means net cash. Lower debt can create capacity, but should be read against the scale and capital intensity of the business.
Gross debtlowest gross debt
1Yamuna Syndicate Ltd 540980₹0 Cr
2Avenue Supermarts Ltd DMART₹2.4K Cr
3Shoppers Stop Ltd SHOPERSTOP₹3.3K Cr
Net debtlowest net debt
1Avenue Supermarts Ltd DMART₹2.1K Cr
2Shoppers Stop Ltd SHOPERSTOP₹3.3K Cr
Debt and balance-sheet capacity · company comparison
3/3 level · 2/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGross debtNet debtReported
Shoppers Stop Ltd SHOPERSTOP₹3.3K Cr₹3.3K CrJun 2026
Avenue Supermarts Ltd DMART₹2.4K Cr₹2.1K CrJun 2026
Yamuna Syndicate Ltd 540980₹0 CrMar 2026
Full 20-quarter history · every available company

Gross debt · reported quarter history

Avenue Supermarts Ltd · DMART

₹510 Cr
₹510 Cr
₹647 Cr
₹647 Cr
₹711 Cr
₹711 Cr
₹643 Cr
₹643 Cr
₹630 Cr
₹630 Cr
₹592 Cr
₹592 Cr
₹713 Cr
₹713 Cr
₹820 Cr
₹820 Cr
₹1.6K Cr
₹1.6K Cr
₹2.4K Cr
₹2.4K Cr

Shoppers Stop Ltd · SHOPERSTOP

₹2.0K Cr
₹2.0K Cr
₹2.1K Cr
₹2.1K Cr
₹2.1K Cr
₹2.1K Cr
₹2.4K Cr
₹2.4K Cr
₹2.5K Cr
₹2.5K Cr
₹2.8K Cr
₹2.8K Cr
₹2.9K Cr
₹2.9K Cr
₹3.3K Cr
₹3.3K Cr
₹3.3K Cr
₹3.3K Cr
₹3.3K Cr

Yamuna Syndicate Ltd · 540980

₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr
₹0 Cr

Net debt · reported quarter history

Avenue Supermarts Ltd · DMART

₹-104 Cr
₹-104 Cr
₹343 Cr
₹342 Cr
₹-437 Cr
₹-437 Cr
₹-967 Cr
₹-968 Cr
₹-603 Cr
₹-603 Cr
₹-1.1K Cr
₹-153 Cr
₹321 Cr
₹321 Cr
₹126 Cr
₹461 Cr
₹1.4K Cr
₹1.4K Cr
₹2.1K Cr
₹2.1K Cr

Shoppers Stop Ltd · SHOPERSTOP

₹1.9K Cr
₹1.9K Cr
₹1.9K Cr
₹1.9K Cr
₹2.0K Cr
₹2.0K Cr
₹2.3K Cr
₹2.3K Cr
₹2.5K Cr
₹2.5K Cr
₹2.8K Cr
₹2.8K Cr
₹2.9K Cr
₹2.9K Cr
₹3.3K Cr
₹3.3K Cr
₹3.3K Cr
₹3.3K Cr
₹3.3K Cr
06 · compare level, then change

Return On Capital Employed

Avenue Supermarts Ltd has the highest ROCE among the 3 Retail - Departmental Stores companies compared here, at 17.2%. Shoppers Stop Ltd is next at 7%. The same company also holds the highest ROCE change, at +0.1 percentage points. 3 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Avenue Supermarts Ltd leads ROCE at 17.2%, 10.2 percentage points above Shoppers Stop Ltd. Avenue Supermarts Ltd has the strongest latest improvement at +0.1 percentage points. Read the leader beside the density of its reported history: a sparse high return is a candidate; a repeated high return is evidence of durability.

LeaderAvenue Supermarts Ltd · 17.2%
Gap144.7% versus #2 · Shoppers Stop Ltd
Persistence1/8 recent comparable periods
Coverage3/3 companies · 31 observations

Investor read: Avenue Supermarts Ltd sets the level benchmark; use the change leader as an inflection watch only after another comparable report confirms it.

This conclusion weakens if: The next two comparable reports reverse the current roce change signal.

ROCE asks how much operating return the business earns on the capital employed. Direction matters, but a single exceptional year should not be mistaken for durability.
ROCEhighest
1Avenue Supermarts Ltd DMART17%
2Shoppers Stop Ltd SHOPERSTOP7.0%
3Yamuna Syndicate Ltd 5409804.1%
ROCE changefastest improvers
1Avenue Supermarts Ltd DMART+0.1 pp
2Shoppers Stop Ltd SHOPERSTOP−0.3 pp
3Yamuna Syndicate Ltd 540980−5.0 pp
Return on capital · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyROCEROCE changeReported
Avenue Supermarts Ltd DMART18%+0.1 ppJun 2026
Shoppers Stop Ltd SHOPERSTOP7.4%−0.3 ppJun 2026
Full 20-quarter history · every available company

ROCE · reported quarter history

Avenue Supermarts Ltd · DMART

13%
14%
19%
18%
17%
20%
18%
21%
17%
20%
16%
18%
16%
18%
16%
18%

Shoppers Stop Ltd · SHOPERSTOP

-11%
-4.1%
13%
15%
13%
15%
11%
12%
8.4%
12%
7.7%
10%
8.7%
8.9%
7.4%

ROCE change · reported quarter history

Avenue Supermarts Ltd · DMART

+5.5 pp
+4.0 pp
−1.5 pp
−0.5 pp
0.0 pp
−0.7 pp
−1.2 pp
−2.3 pp
−1.8 pp
−1.6 pp
−0.3 pp
+0.1 pp

Shoppers Stop Ltd · SHOPERSTOP

+24.0 pp
+19.1 pp
0.0 pp
−3.7 pp
−4.7 pp
−3.5 pp
−3.6 pp
−1.6 pp
+0.3 pp
−2.7 pp
−0.3 pp
07 · compare level, then change

Valuation Against Growth & Quality

Avenue Supermarts Ltd has the lowest Guarded PEG among the 3 Retail - Departmental Stores companies compared here, at 9.74×. Yamuna Syndicate Ltd has the lowest P/E at 15.4×, so level and change sit with different companies. 1 of 3 companies report a comparable reading, the latest through Jun 2026.

What the numbers say: Avenue Supermarts Ltd has the lowest comparable Guarded PEG at 9.74×. Only 1 of 3 companies pass the guard, so no broad “cheapest stock” conclusion is defensible unless the current multiple, own-history position and growth durability agree.

LeaderAvenue Supermarts Ltd · 9.74×
GapNot enough peers
Persistence0/8 recent comparable periods
Coverage1/3 companies · 14 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/e signal.

PEG is shown only when earnings are positive and three-year EPS growth is between 5% and 60%. It is recomputed consistently as the trailing P/E divided by that growth rate — reported earnings, never an expected-earnings multiple. On Indian companies it is shown only where the two data sources reconciled. A missing PEG is more honest than a low-base fiction.
Guarded PEGlowest PEG
1Avenue Supermarts Ltd DMART9.7
P/Elowest P/E
1Yamuna Syndicate Ltd 54098015.4
2Avenue Supermarts Ltd DMART85.7
Valuation · company comparison
1/3 level · 2/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyGuarded PEGP/EReported
Avenue Supermarts Ltd DMART9.794.1Jun 2026
Shoppers Stop Ltd SHOPERSTOP3.3261.6Jun 2026
Yamuna Syndicate Ltd 5409807.8Mar 2026
Full 20-quarter history · every available company

Guarded PEG · reported quarter history

Avenue Supermarts Ltd · DMART

48.2
13.0
9.5
1.6
1.8
5.8
19.6
12.1
5.8
8.4
15.3
16.7
9.7

Shoppers Stop Ltd · SHOPERSTOP

3.3

P/E · reported quarter history

Avenue Supermarts Ltd · DMART

260.8
275.4
175.2
148.1
139.3
114.2
94.0
105.9
99.6
113.7
120.9
121.0
125.2
86.4
97.7
103.7
108.6
90.2
88.7
94.1

Shoppers Stop Ltd · SHOPERSTOP

-65.5
66.3
140.1
97.4
81.4
76.2
68.9
77.0
114.4
101.8
200.9
332.5
170.7
550.4
333.6
267.6
261.6

Yamuna Syndicate Ltd · 540980

5.3
6.2
6.0
6.7
6.8
5.9
4.7
4.5
5.2
6.4
6.3
15.5
11.4
9.3
8.3
10.4
10.3
10.6
7.8
08 · compare level, then change

Enterprise Value & Book Value

Yamuna Syndicate Ltd has the lowest EV/EBITDA among the 3 Retail - Departmental Stores companies compared here, at 7.4×. Shoppers Stop Ltd is next at 9.1×. The same company also holds the lowest P/BV, at 0.62×. 3 of 3 companies report a comparable reading, the latest through Mar 2026. Its EV/EBITDA series carries 19 reported observations across the 20-quarter window.

What the numbers say: Yamuna Syndicate Ltd leads both ev/ebitda at 7.4× and p/bv at 0.62×.

LeaderYamuna Syndicate Ltd · 7.4×
Gap18.7% versus #2 · Shoppers Stop Ltd
Persistence0/8 recent comparable periods
Coverage3/3 companies · 59 observations

Investor read: Treat valuation as permission to investigate, never as a standalone reason to buy.

This conclusion weakens if: The next two comparable reports reverse the current p/bv signal.

EV/EBITDA includes debt in enterprise value and is useful across different capital structures. P/BV prices the company against its own book. Both are market multiples on reported figures, not intrinsic-value estimates and not forecasts.
EV/EBITDAlowest EV/EBITDA
1Yamuna Syndicate Ltd 5409807.4
2Shoppers Stop Ltd SHOPERSTOP9.1
3Avenue Supermarts Ltd DMART53.3
P/BVlowest P/BV
1Yamuna Syndicate Ltd 5409800.6
2Avenue Supermarts Ltd DMART10.7
3Shoppers Stop Ltd SHOPERSTOP14.3
Enterprise and book valuation · company comparison
3/3 level · 3/3 change

Solid lines show level; dotted lines show change when “Both” is selected. Missing reports break the line rather than being invented.

All-company data · latest reported quarter

Each figure is the company’s latest single reported quarter. The rankings above use trailing-twelve-month or current-market values, so a company can legitimately show a different number in each.

CompanyEV/EBITDAP/BVReported
Avenue Supermarts Ltd DMART53.313.0Jun 2026
Shoppers Stop Ltd SHOPERSTOP9.112.2Jun 2026
Yamuna Syndicate Ltd 5409807.40.7Mar 2026
Full 20-quarter history · every available company

EV/EBITDA · reported quarter history

Avenue Supermarts Ltd · DMART

147.2
156.1
103.4
84.1
83.5
72.5
59.1
67.3
62.7
67.8
72.2
72.0
74.8
51.4
57.7
60.9
63.1
51.9
51.0
53.3

Shoppers Stop Ltd · SHOPERSTOP

17.6
14.6
15.0
15.9
17.0
15.6
13.7
14.7
12.9
13.2
14.4
14.3
16.1
13.2
11.5
11.7
11.6
9.4
8.3
9.1

Yamuna Syndicate Ltd · 540980

4.9
5.7
5.4
6.1
6.1
5.3
4.2
4.1
4.8
5.9
5.8
14.5
10.6
8.6
7.6
9.7
9.6
10.0
7.4

P/BV · reported quarter history

Avenue Supermarts Ltd · DMART

23.5
23.8
20.4
18.1
18.9
17.6
16.1
18.4
14.8
15.2
16.9
19.0
17.8
11.5
13.2
15.0
13.7
10.8
11.1
13.0

Shoppers Stop Ltd · SHOPERSTOP

22.3
220.5
67.9
40.9
68.0
64.5
93.5
117.7
36.5
32.0
34.9
27.5
30.3
25.3
22.9
17.4
18.5
15.3
11.3
12.2

Yamuna Syndicate Ltd · 540980

0.6
0.5
0.4
0.4
0.4
0.4
0.3
0.4
0.5
0.7
0.7
1.8
1.3
1.1
0.8
1.0
0.9
0.7
0.7
09 · let price answer last

Market action

Avenue Supermarts Ltd has the strongest one-year price move in Retail - Departmental Stores at -2.4%. Shoppers Stop Ltd leads on Mansfield relative strength against NIFTY at -5.7%. 0 of 3 covered companies are above zero on that measure. Every line covers 313 weekly closes through 2026-07-17.

Every price line is indexed to 100 over the chosen window. Mansfield relative strength compares a price ratio with its own 52-week average; zero separates leadership from lagging.
Price and relative strength

Price is rebased to 100 inside the selected window. Pair ratio rebases each selected company against one chosen denominator.

Before the conclusion · check the blind spots

What can make this comparison misleading?

This Retail - Departmental Stores comparison names 5 specific ways its own evidence can mislead, all listed below. All 3 companies here report on comparable dates, so no rank carries a stale marker. 2 of the 8 ranked sections have fewer than three usable current readings. A high growth rate can still be a low-base artefact.

Keep these limits visible

  • A high growth rate can be a low-base artefact. The page keeps level and change separate for that reason.
  • A high ROCE can be temporary or flattered by a small capital base. Read it beside margin, cash conversion and reinvestment.
  • The 4-Factor Sector Score ranks research priority, not portfolio action. Management quality, catalysts and risks need equally fresh evidence before capital is deployed.
  • An “all companies” line chart preserves completeness, but rank changes should be checked against reporting dates before drawing a conclusion.
  • Thin comparisons: Capital expenditure, Valuation have fewer than three usable current readings.
10 · the complete set

Which companies are included?

All 3 companies in the canonical Retail - Departmental Stores membership are listed below, largest market value first — nothing is silently dropped, even where a company reports too little to rank. The charts above default to a selective view; this register is the complete set, with each company's own latest reporting date beside it.

AHEAD means the company is beating the index by 5% or more over three months. LAGGING, FUNDAMENTALS UP means it is 20% or more behind over a year while its trailing twelve-month earnings grew 20% or more. Both rules are fixed and applied the same way in every sector.

CompanyMarket valuePricePriced toLatest fundamentalsSource standing
Avenue Supermarts Ltd DMART₹2.6 L Cr₹4,0192026-07-19Jun 2026Cross-checked
Shoppers Stop Ltd SHOPERSTOPAHEAD₹4.2K Cr₹3782026-07-19Jun 2026Cross-checked
Yamuna Syndicate Ltd 540980₹803 Cr₹26,1102026-07-19Mar 2026Primary source only
How each company's sources stand: Every company's second-feed figures reconcile against the primary source on overlapping reported periods, so nothing here is unverified or withheld.
Evidence and freshness

How was this comparison built?

This comparison is built from the reported filings of 3 Retail - Departmental Stores companies, normalized to a common ₹ scale and a shared quarter axis of up to 20 quarters each. Fundamentals run through Jun 2026 and market data through 2026-07-24. A second data feed fills gaps only after identity and scale reconciliation, and missing observations are never interpolated.

FundamentalsThrough Jun 2026 · up to 20 quarters per company
Market dataThrough 2026-07-24 · weekly price and relative-strength history
Derived metricsGrowth, changes, CAPEX intensity, net debt, guarded PEG and P/BV÷ROE are calculated only when their inputs are comparable.
Score confidenceMissing and stale evidence reduces confidence and pulls the 0–100 research-priority score toward neutral.
Source standing2 cross-checked · 1 unverified · 0 withheld, of 3 graded companies.

A second feed is read only after its reported income is matched against the primary source on at least three overlapping periods. Where the two agree the figures fill silently. Where there is too little shared history to compare, the figures are still drawn — they are the only evidence there is — and marked ⚠ unverified everywhere they appear. Where the two are known to disagree, nothing from the second feed is drawn and the affected company is named under the chart it is missing from. Every company's standing is listed in the register above.

Questions investors ask · short, speakable answers

Retail - Departmental Stores company comparison FAQs

These 17 answers restate the Retail - Departmental Stores comparison above in question form. Every one is computed from the same 3 companies and the same reported filings as the rankings and charts, current through Jun 2026. Price and relative-strength answers run through 2026-07-24. Nothing here is estimated, and none of it is a recommendation.

What is the Nifty Retail - Departmental Stores index?

The Nifty Retail - Departmental Stores index tracks India's listed Retail - Departmental Stores companies as a single basket. This page follows the same 3 companies and equal-weights them, so every company's weekly return counts once whatever it is worth, and the reading belongs to the Retail - Departmental Stores sector rather than to its largest constituent. Figures are as of Jun 2026.

Which are the best Retail - Departmental Stores stocks in India?

Ranked by this page's four-factor score, Avenue Supermarts Ltd places first among 3 listed Retail - Departmental Stores companies, followed by Yamuna Syndicate Ltd. That is a ranking of published data — earnings, quality, valuation and market behaviour as of Jun 2026 — and not a recommendation; Sector Alpha is not registered with SEBI as an investment adviser.

How many Retail - Departmental Stores stocks are listed in India?

This comparison covers 3 listed Retail - Departmental Stores companies in India, each above the size floor the site applies, with 20 quarters of reported figures per company where the filings exist. The full ranked list is on this page, as of Jun 2026.

Which Retail - Departmental Stores company is the biggest?

Avenue Supermarts Ltd is the largest, with trailing-twelve-month revenue of ₹71,256 crore, ahead of Shoppers Stop Ltd at ₹5,174 crore. That covers 3 of 3 companies with comparable reporting through Jun 2026.

Which Retail - Departmental Stores company is growing fastest?

Avenue Supermarts Ltd has the fastest revenue growth at 15.6% year on year, across 3 of 3 comparable companies. Fast growth off a small base is not the same as proven scale — check whether the rate holds across several quarters on the chart above before treating it as a trend.

Which Retail - Departmental Stores company has the best profit margins?

Shoppers Stop Ltd has the highest operating margin at 15%, from 3 of 3 comparable companies. Yamuna Syndicate Ltd shows the biggest recent improvement, at +1 percentage points. A high margin matters most when it is holding or rising, not when it is peaking.

Which Retail - Departmental Stores company makes the most profit?

Avenue Supermarts Ltd earns the most, at ₹3,057 crore of trailing-twelve-month net profit, from 3 of 3 comparable companies. Avenue Supermarts Ltd has the fastest profit growth at 12.9%, though growth off a small or recovering profit base overstates how much has actually changed.

Which Retail - Departmental Stores company earns the highest return on capital?

Avenue Supermarts Ltd leads on return on capital employed at 17.2%, across 3 of 3 companies. Read it beside the length of its reported history: a high return that repeats for years is evidence of a durable business, while a single high reading can be a small capital base or one good year.

Which Retail - Departmental Stores stock is the cheapest?

On guarded PEG — where a LOWER number is cheaper — Avenue Supermarts Ltd screens cheapest at 9.74×. Only 1 of 3 companies pass the comparability guard, so this is not a sector-wide "cheapest stock" verdict. Cheap on a multiple is a reason to investigate, never a reason to buy on its own.

Which Retail - Departmental Stores company has the strongest balance sheet?

Yamuna Syndicate Ltd carries the lowest comparable gross debt at ₹0 crore, from 3 of 3 companies. Absolute rupee debt alone does not settle it, because company scale differs — net debt and debt-to-equity in the chart above carry more information, and a very low-debt balance sheet can also mean under-investment.

Which Retail - Departmental Stores stock has the strongest price momentum?

Shoppers Stop Ltd has the strongest relative strength against NIFTY 500. Relative strength answers last, after growth, quality and valuation: price can move well before the fundamentals confirm it, and sometimes without them confirming at all.

Which Retail - Departmental Stores company scores highest for research priority?

Avenue Supermarts Ltd scores 43.9 out of 100 with 90% evidence confidence, from 19.1 points on growth and earnings, 16 on capital efficiency, 5 on valuation and 3.8 on relative strength. This ranks what deserves work next. It is not a buy recommendation, and management quality, catalysts and risk still need separate research.

How many Retail - Departmental Stores companies does this comparison cover, and over what period?

It compares 3 listed companies over up to 20 reported quarters of fundamentals and 10 fiscal years of capital allocation, ending Jun 2026, plus weekly price and relative-strength history. Membership is the full sector list — nothing is dropped for having thin data.

What is the total market cap of the Retail - Departmental Stores sector?

The 3 Retail - Departmental Stores companies on this page carry ₹2,67,091 crore of combined market value. Avenue Supermarts Ltd is the largest at ₹2,62,125 crore, about 98% of the sector's total on its own. Market value moves with price, so this reading is dated 2026-07-29.

How is the Retail - Departmental Stores sector performing?

0 of the 3 covered Retail - Departmental Stores companies are beating NIFTY 500 on Mansfield relative strength. A 52-week sector-versus-index comparison is not available from the current market series for this sector, so it is not quoted. Readings are as of 2026-07-29.

Why are some values on this page blank?

A blank means that company did not report a comparable figure for that period, so nothing is shown. Missing observations are never interpolated, carried forward, or replaced with a similar-looking accounting line, and a company with missing evidence has its research score pulled toward neutral rather than being scored as bad.

Is this investment advice?

No. Every figure here is a deterministic calculation from reported company filings and market data, published for research. It contains no recommendation to buy or sell any security, does not account for your circumstances, and is not a substitute for advice from a licensed adviser.

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