Avro India Ltd

Avro India Ltd

₹ 10.3 0.88%
02 Jul - close price
About

Incorporated in 1996, Avro India Ltd manufactures and sells plastic moulded furniture and granules[1]

Key Points

Business Profile[1]
AVRO India Limited specializes in transforming plastic waste into plastic granules and furniture, leveraging advanced recycling technologies. The company has a fully integrated model, processing plastic scrap in-house to produce granules, which are then used for manufacturing furniture. Avro is among the top three manufacturers of plastic furniture in India.

  • Market Cap 139 Cr.
  • Current Price 10.3
  • High / Low 18.2 / 9.03
  • Stock P/E 32.9
  • Book Value 6.69
  • Dividend Yield 0.00 %
  • ROCE 6.67 %
  • ROE 4.83 %
  • Face Value 1.00

Pros

Cons

  • Though the company is reporting repeated profits, it is not paying out dividend
  • Promoter holding has decreased over last quarter: -0.43%
  • The company has delivered a poor sales growth of 11.4% over past five years.
  • Company has a low return on equity of 6.56% over last 3 years.
  • Earnings include an other income of Rs.8.31 Cr.

* 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.

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Quarterly Results

Standalone Figures in Rs. Crores / View Consolidated

Mar 2023 Jun 2023 Sep 2023 Dec 2023 Mar 2024 Jun 2024 Sep 2024 Dec 2024 Mar 2025 Jun 2025 Sep 2025 Dec 2025 Mar 2026
17.11 22.71 18.97 29.18 22.52 16.72 18.05 24.06 19.49 21.67 21.00 24.29 24.03
16.66 21.04 17.42 27.36 21.74 15.52 16.42 22.55 18.74 20.39 20.01 23.63 23.78
Operating Profit 0.45 1.67 1.55 1.82 0.78 1.20 1.63 1.51 0.75 1.28 0.99 0.66 0.25
OPM % 2.63% 7.35% 8.17% 6.24% 3.46% 7.18% 9.03% 6.28% 3.85% 5.91% 4.71% 2.72% 1.04%
1.54 0.63 0.81 0.85 1.71 0.58 0.88 1.40 1.58 1.59 1.85 2.40 2.47
Interest 0.19 0.30 0.35 0.37 0.37 0.36 0.37 0.41 0.46 0.41 0.33 0.49 0.38
Depreciation 0.56 0.53 0.64 0.75 0.87 0.73 0.91 1.09 1.20 1.03 1.05 1.17 1.18
Profit before tax 1.24 1.47 1.37 1.55 1.25 0.69 1.23 1.41 0.67 1.43 1.46 1.40 1.16
Tax % 29.84% 31.29% 25.55% 27.10% 29.60% 4.35% 32.52% 26.95% 23.88% 26.57% 16.44% 24.29% 25.86%
0.87 1.01 1.02 1.12 0.88 0.66 0.83 1.04 0.52 1.05 1.22 1.07 0.86
EPS in Rs 0.09 0.10 0.10 0.11 0.09 0.07 0.08 0.10 0.04 0.08 0.09 0.08 0.06
Raw PDF

Profit & Loss

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
8.03 9.93 13.79 26.73 48.69 43.94 52.95 64.44 79.71 92.92 77.78 90.99
7.11 8.71 12.35 24.14 45.81 41.19 49.15 59.27 73.43 87.09 72.66 87.81
Operating Profit 0.92 1.22 1.44 2.59 2.88 2.75 3.80 5.17 6.28 5.83 5.12 3.18
OPM % 11.46% 12.29% 10.44% 9.69% 5.91% 6.26% 7.18% 8.02% 7.88% 6.27% 6.58% 3.49%
0.01 0.06 0.06 0.08 -0.01 0.41 0.30 0.46 2.33 4.00 4.43 8.31
Interest 0.37 0.44 0.39 0.30 0.22 0.30 0.26 0.42 0.96 1.41 1.61 1.61
Depreciation 0.51 0.74 0.96 1.19 1.29 1.45 1.44 1.28 1.82 2.78 3.92 4.43
Profit before tax 0.05 0.10 0.15 1.18 1.36 1.41 2.40 3.93 5.83 5.64 4.02 5.45
Tax % 40.00% 40.00% 13.33% 27.97% 37.50% 18.44% 27.50% 24.17% 28.64% 28.37% 24.38% 22.94%
0.04 0.06 0.14 0.85 0.85 1.14 1.75 2.98 4.15 4.04 3.04 4.21
EPS in Rs 0.08 0.12 0.28 0.12 0.08 0.11 0.17 0.30 0.41 0.40 0.23 0.32
Dividend Payout % 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00%
Compounded Sales Growth
10 Years: 25%
5 Years: 11%
3 Years: 5%
TTM: 17%
Compounded Profit Growth
10 Years: 56%
5 Years: 20%
3 Years: 1%
TTM: 38%
Stock Price CAGR
10 Years: %
5 Years: 51%
3 Years: -7%
1 Year: -41%
Return on Equity
10 Years: 9%
5 Years: 9%
3 Years: 7%
Last Year: 5%

Balance Sheet

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Equity Capital 1.58 1.58 1.58 2.37 3.25 3.25 3.25 10.09 10.09 10.09 13.31 13.31
Reserves 0.96 1.02 1.11 4.41 8.89 10.02 14.44 10.60 14.75 18.78 71.72 75.80
3.68 3.90 3.92 3.33 3.42 2.60 4.15 7.68 11.58 15.62 19.90 17.66
0.55 1.54 3.54 5.60 4.50 3.79 3.05 8.94 4.57 9.96 12.49 16.01
Total Liabilities 6.77 8.04 10.15 15.71 20.06 19.66 24.89 37.31 40.99 54.45 117.42 122.78
3.05 3.56 3.92 7.61 8.35 8.15 10.45 12.15 14.62 20.32 24.54 63.23
CWIP 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.44 0.77 3.08 5.90
Investments 0.00 0.00 0.00 0.00 0.14 0.37 0.78 0.36 1.05 0.97 1.55 0.31
3.72 4.48 6.23 8.10 11.57 11.14 13.66 24.80 24.88 32.39 88.25 53.34
Total Assets 6.77 8.04 10.15 15.71 20.06 19.66 24.89 37.31 40.99 54.45 117.42 122.78

Cash Flows

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
0.16 1.37 1.94 2.51 -2.05 2.24 0.07 -0.58 2.82 6.06 -2.30 4.08
-1.80 -1.22 -1.32 -1.62 -2.02 -1.42 -1.17 -2.48 -5.73 -8.91 -23.73 -30.39
1.66 -0.23 -0.35 -0.89 4.27 -1.13 1.29 3.12 3.01 2.67 55.97 -3.73
Net Cash Flow 0.02 -0.08 0.27 0.01 0.20 -0.31 0.19 0.06 0.10 -0.18 29.94 -30.03
Free Cash Flow -1.64 0.15 0.62 0.88 -3.99 1.04 -0.71 -3.54 -2.23 -2.99 -13.45 -1.09
CFO/OP 18% 116% 137% 110% -57% 96% 20% -1% 75% 131% -26% 183%

Ratios

Standalone Figures in Rs. Crores / View Consolidated

Mar 2015 Mar 2016 Mar 2017 Mar 2018 Mar 2019 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025 Mar 2026
Debtor Days 54.09 64.69 85.23 71.28 61.25 67.45 74.38 105.58 76.20 81.04 110.33 112.44
Inventory Days 93.89 84.68 56.80 29.11 12.01 14.45 14.50 41.45 40.24 37.58 110.82 107.57
Days Payable 7.93 64.32 102.61 82.48 30.24 27.80 20.08 64.92 23.10 38.68 65.47 66.85
Cash Conversion Cycle 140.05 85.06 39.42 17.91 43.01 54.10 68.80 82.11 93.34 79.94 155.67 153.16
Working Capital Days 90.91 47.42 9.00 3.55 32.38 44.28 43.91 49.28 49.68 40.66 84.28 104.82
ROCE % 8.10% 8.02% 8.24% 17.46% 14.65% 10.56% 13.79% 17.01% 20.53% 17.08% 7.58% 6.67%

Insights

In beta
Mar 2018 Mar 2020 Mar 2021 Mar 2022 Mar 2023 Mar 2024 Mar 2025
Furniture Sales Volume
lakh pieces

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Number of Distributors
count
Number of SKUs
count
Online Orders Delivered
count
Pin Codes Covered
count
Plastic Recycling Capacity
MTPA
Retail Touchpoints
count

Extracted by Screener AI

Shareholding Pattern

Numbers in percentages

2 Recently
Sep 2023Dec 2023Mar 2024Jun 2024Sep 2024Dec 2024Mar 2025Jun 2025Sep 2025Dec 2025Mar 2026Apr 2026
70.37% 70.37% 70.37% 70.37% 70.37% 67.04% 54.07% 54.07% 54.07% 54.07% 54.07% 53.64%
0.00% 0.00% 0.02% 0.00% 0.03% 0.00% 6.11% 6.15% 6.29% 6.46% 6.90% 6.85%
0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.20% 0.20% 0.20% 0.00% 0.00% 0.00%
29.64% 29.63% 29.60% 29.63% 29.60% 32.95% 39.63% 39.58% 39.44% 39.47% 39.03% 39.51%
No. of Shareholders 7,0798,3568,8439,5768,1717,0766,7706,5396,3546,2786,4816,584

* The classifications might have changed from Sep'2022 onwards. The new XBRL format added more details from Sep'22 onwards.

Classifications such as banks and foreign portfolio investors were not available earlier. The sudden changes in FII or DII can be because of these changes.

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