Avax Apparels and Ornaments Ltd
Incorporated in 2005, Avax Apparels and Ornaments Ltd is in the business trading
of fabric and online sale of jewellery[1]
- Market Cap ₹ 13.0 Cr.
- Current Price ₹ 126
- High / Low ₹ 156 / 92.5
- Stock P/E 8.00
- Book Value ₹ 63.6
- Dividend Yield 0.00 %
- ROCE 43.6 %
- ROE 33.4 %
- Face Value ₹ 10.0
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.9%
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Promoter holding has decreased over last quarter: -15.0%
- Debtor days have increased from 58.2 to 71.7 days.
* The pros and cons are machine generated. Pros / cons are based on a checklist to highlight important points. Please exercise caution and do your own analysis.
Peer comparison
Consumer Discretionary Textiles Textiles & Apparels Other Textile Products
Part of BSE SME IPO
Half Yearly Results
Figures in Rs. Crores
Profit & Loss
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 0.29 | 14.70 | 22.06 | 34.36 | |
| 0.00 | 0.00 | 0.01 | 0.28 | 13.71 | 19.96 | 31.71 | |
| Operating Profit | 0.00 | 0.00 | -0.01 | 0.01 | 0.99 | 2.10 | 2.65 |
| OPM % | 3.45% | 6.73% | 9.52% | 7.71% | |||
| 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.10 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.07 | 0.15 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.09 | 0.32 |
| Profit before tax | 0.00 | 0.00 | 0.00 | 0.01 | 0.94 | 1.94 | 2.28 |
| Tax % | 0.00% | 26.60% | 28.87% | 28.51% | |||
| 0.00 | 0.00 | 0.00 | 0.01 | 0.69 | 1.38 | 1.63 | |
| EPS in Rs | 0.00 | 0.00 | 0.00 | 0.92 | 9.02 | 18.03 | 15.69 |
| Dividend Payout % | 0.00% | 0.00% | 0.00% | 0.00% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 391% |
| TTM: | 56% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | 446% |
| TTM: | 18% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | % |
| 3 Years: | % |
| 1 Year: | % |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 45% |
| Last Year: | 33% |
Balance Sheet
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.77 | 0.77 | 1.04 |
| Reserves | -0.01 | -0.01 | 0.00 | 0.01 | 1.00 | 2.38 | 5.57 |
| 0.00 | 0.00 | 0.00 | 0.30 | 0.00 | 0.72 | 0.66 | |
| 0.02 | 0.01 | 0.00 | 0.26 | 1.69 | 0.97 | 2.02 | |
| Total Liabilities | 0.02 | 0.01 | 0.01 | 0.58 | 3.46 | 4.84 | 9.29 |
| 0.00 | 0.00 | 0.00 | 0.03 | 0.18 | 0.95 | 1.83 | |
| CWIP | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Investments | 0.01 | 0.01 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| 0.01 | 0.00 | 0.01 | 0.55 | 3.28 | 3.89 | 7.46 | |
| Total Assets | 0.02 | 0.01 | 0.01 | 0.58 | 3.46 | 4.84 | 9.29 |
Cash Flows
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | -0.14 | -0.36 | 0.11 | -0.57 | ||
| 0.00 | 0.00 | -0.03 | -0.18 | -0.87 | -1.20 | ||
| 0.00 | 0.00 | 0.30 | 0.73 | 0.68 | 1.68 | ||
| Net Cash Flow | 0.00 | 0.00 | 0.13 | 0.20 | -0.08 | -0.09 |
Ratios
Figures in Rs. Crores
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| Debtor Days | 327.24 | 52.39 | 50.63 | 71.70 | |||
| Inventory Days | 0.00 | 17.34 | 8.46 | 4.43 | |||
| Days Payable | 40.56 | 7.33 | 17.01 | ||||
| Cash Conversion Cycle | 327.24 | 29.18 | 51.76 | 59.13 | |||
| Working Capital Days | 62.93 | 28.06 | 43.68 | 55.66 | |||
| ROCE % | 0.00% | 6.06% | 91.87% | 71.28% | 43.63% |
Documents
Announcements
-
Disclosure Under Regulation 7(2) And 6(2) Of SEBI (Prohibition Of Insider Trading) Regulations 2015
5 Jun - Whole-Time Director Deepika Garg bought 15,000 shares on June 4, 2025, disclosed per SEBI rules.
-
Integrated Filing (Financial)
27 May - Avax Apparels reports audited FY25 profit Rs.163.18L, IPO proceeds utilized as planned, no audit qualifications.
-
Disclosure Of Related Party Transactions Under Regulation 23(9) Of SEBI (LODR) Regulations, 2015
27 May - Company exempt from related party transaction disclosure for FY25 under SEBI SME rules.
-
Statement On Deviation Or Variation Of Funds
23 May - No deviation in IPO fund usage of Rs.191.80 lakhs for half year ended March 31, 2025.
-
Compliances-Reg.24(A)-Annual Secretarial Compliance
23 May - Company exempt from Annual Secretarial Compliance Report for FY 2024-25 as per SEBI SME regulations.
Annual reports
No data available.
Business Verticals:[1]
a) Wholesale trading:
Company operates in the wholesale trading of knitted cloth. They buy from manufacturers and sell on wholesale basis to companies and readymade garment manufacturers in Punjab. The company specializes in knitted cloth, which are used for manufacturing of ladies and gents' jackets
b) Online retail of silver ornaments:
Company operates in the business of online
retail of silver ornaments. They offer a wide
range of designs and articles with a choice
of weight of products, such as silver rings,
silver ladies pajeb, silver gents kada, silver
plate set, silver glass, silver bangles, silver
bowls, silver chains, and other silver jewellery.