Avax Apparels and Ornaments Ltd
Incorporated in 2005, Avax Apparels and Ornaments Ltd deals in wearing apparels and silver ornaments.[1]
- Market Cap ₹ 33.2 Cr.
- Current Price ₹ 39.9
- High / Low ₹ 42.0 / 12.5
- Stock P/E 17.2
- Book Value ₹ 9.30
- Dividend Yield 0.00 %
- ROCE 43.8 %
- ROE 33.4 %
- Face Value ₹ 5.00
Pros
- Company has a good return on equity (ROE) track record: 3 Years ROE 44.9%
- Promoter holding has increased by 10.0% over last quarter.
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- 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
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | 0.00 | 0.29 | 14.70 | 22.06 | 34.36 | 39.55 | |
| 0.00 | 0.00 | 0.01 | 0.28 | 13.71 | 19.96 | 31.70 | 36.31 | |
| Operating Profit | 0.00 | 0.00 | -0.01 | 0.01 | 0.99 | 2.10 | 2.66 | 3.24 |
| OPM % | 3.45% | 6.73% | 9.52% | 7.74% | 8.19% | |||
| 0.00 | 0.00 | 0.01 | 0.00 | 0.00 | 0.00 | 0.10 | 0.10 | |
| Interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.02 | 0.07 | 0.16 | 0.20 |
| Depreciation | 0.00 | 0.00 | 0.00 | 0.00 | 0.03 | 0.09 | 0.32 | 0.46 |
| Profit before tax | 0.00 | 0.00 | 0.00 | 0.01 | 0.94 | 1.94 | 2.28 | 2.68 |
| Tax % | 0.00% | 26.60% | 28.87% | 28.51% | ||||
| 0.00 | 0.00 | 0.00 | 0.01 | 0.69 | 1.38 | 1.63 | 1.93 | |
| EPS in Rs | 0.00 | 0.00 | 0.00 | 0.12 | 1.11 | 2.23 | 1.94 | 2.30 |
| 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: | 182% |
| Return on Equity | |
|---|---|
| 10 Years: | % |
| 5 Years: | 45% |
| 3 Years: | 45% |
| Last Year: | 33% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.01 | 0.01 | 0.01 | 0.01 | 0.77 | 0.77 | 1.04 | 1.04 |
| Reserves | -0.01 | -0.01 | 0.00 | 0.01 | 1.00 | 2.38 | 5.57 | 6.77 |
| 0.00 | 0.00 | 0.00 | 0.30 | 0.00 | 0.72 | 0.66 | 2.34 | |
| 0.02 | 0.01 | 0.00 | 0.26 | 1.69 | 0.97 | 2.02 | 5.56 | |
| Total Liabilities | 0.02 | 0.01 | 0.01 | 0.58 | 3.46 | 4.84 | 9.29 | 15.71 |
| 0.00 | 0.00 | 0.00 | 0.03 | 0.18 | 0.95 | 1.83 | 1.58 | |
| CWIP | 0.00 | 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 | 0.00 |
| 0.01 | 0.00 | 0.01 | 0.55 | 3.28 | 3.89 | 7.46 | 14.13 | |
| Total Assets | 0.02 | 0.01 | 0.01 | 0.58 | 3.46 | 4.84 | 9.29 | 15.71 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|
| 0.00 | 0.00 | -0.14 | -0.36 | 0.10 | -0.57 | ||
| 0.00 | 0.00 | -0.03 | -0.18 | -0.87 | -1.20 | ||
| 0.00 | 0.00 | 0.30 | 0.73 | 0.69 | 1.68 | ||
| Net Cash Flow | 0.00 | 0.00 | 0.13 | 0.20 | -0.08 | -0.09 | |
| Free Cash Flow | 0.00 | 0.00 | -0.17 | -0.54 | -0.77 | -1.77 | |
| CFO/OP | 0% | -1,400% | -11% | 17% | 8% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| 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 | -314.66 | 28.06 | 31.77 | 48.65 | |||
| ROCE % | 0.00% | 6.06% | 91.87% | 71.28% | 43.81% |
Insights
In beta| Mar 2024 | Mar 2025 | |
|---|---|---|
| Number of Permanent Employees Number |
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| Revenue from Manufacturing ₹ in Lakhs |
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| Revenue from Silver Ornaments (Online Retail) ₹ in Lakhs |
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| Revenue from Trading Goods ₹ in Lakhs |
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| Trade Payables Turnover Ratio Ratio |
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| Trade Receivables Turnover Ratio Ratio |
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Documents
Announcements
-
Format of the Initial Disclosure to be made by an entity identified as a Large Corporate : Annexure A
2d - Avax confirms it is not a Large Corporate for FY2025-26; outstanding borrowing Rs. 3.58 crore.
-
Disclosures Under Regulation 31(4) & (5) Of SEBI (SAST) Regulations, 2011 For The Year Ended March 31, 2026
2d - Promoters disclosed 51.98% holding as of March 31, 2026, with no share encumbrance.
-
Statement Of Grievance Redressal Mechanism As Per Regulation 13(3) Of The SEBI (LODR) Regulations, 2015 For The Quarter And Year Ended March 31, 2026
2d - Quarter and year ended March 31, 2026 grievance redressal report shows nil complaints.
- Compliances-Certificate under Reg. 74 (5) of SEBI (DP) Regulations, 2018 2d
-
Disclosure Under Regulation 30 Of The SEBI (LODR) Regulations, 2015
1 Apr - Launched avaxapparels.shop on 01.04.2026; discontinued blushines.com effective 31.03.2026 (segment revenue Rs1.35L).
Business Overview:[1]
AAOL operates in the wholesale trading and manufacturing of knitted cloth. The company
specializes in knitted cloth, which are used
for manufacturing of ladies and gents' jackets.
It also operates in the online retail business of Silver Ornaments