AVSL Industries Ltd
Incorporated in 2003, AVSL Industries Ltd manufactures intermediate raw material for Power Cable and Telecom Industry and Irrigation industry[1]
- Market Cap ₹ 63.8 Cr.
- Current Price ₹ 120
- High / Low ₹ 150 / 120
- Stock P/E 25.6
- Book Value ₹ 72.9
- Dividend Yield 0.00 %
- ROCE 9.30 %
- ROE 6.84 %
- Face Value ₹ 10.0
Pros
Cons
- Though the company is reporting repeated profits, it is not paying out dividend
- Company has low interest coverage ratio.
- The company has delivered a poor sales growth of 11.2% over past five years.
- Company has a low return on equity of 5.28% over last 3 years.
* 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
Industrials Capital Goods Industrial Products Plastic Products - Industrial
Half Yearly Results
Standalone Figures in Rs. Crores / View Consolidated
Profit & Loss
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | TTM | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 13 | 14 | 67 | 78 | 102 | 84 | 82 | 82 | 100 | 101 | 137 | 139 | 147 | |
| 13 | 14 | 68 | 78 | 98 | 81 | 76 | 75 | 91 | 98 | 130 | 131 | 130 | |
| Operating Profit | 0 | -0 | -1 | 0 | 3 | 3 | 6 | 7 | 10 | 4 | 7 | 8 | 17 |
| OPM % | 0% | -0% | -1% | 0% | 3% | 4% | 8% | 9% | 10% | 4% | 5% | 6% | 12% |
| 0 | 0 | 2 | 2 | 1 | 2 | 1 | 3 | 1 | 1 | 1 | 2 | 1 | |
| Interest | 0 | 0 | 0 | 1 | 1 | 1 | 1 | 1 | 1 | 2 | 3 | 4 | 4 |
| Depreciation | 0 | 0 | 0 | 0 | 0 | 0 | 1 | 1 | 1 | 2 | 2 | 3 | 11 |
| Profit before tax | 0 | 0 | 0 | 1 | 3 | 3 | 6 | 8 | 8 | 1 | 3 | 3 | 4 |
| Tax % | 36% | 40% | 32% | 37% | 31% | 33% | 29% | 27% | 27% | 9% | 30% | 26% | |
| 0 | 0 | 0 | 1 | 2 | 2 | 4 | 6 | 6 | 1 | 2 | 3 | 2 | |
| EPS in Rs | 2.16 | 0.93 | 0.49 | 1.35 | 4.37 | 4.26 | 7.90 | 10.97 | 11.05 | 0.96 | 4.20 | 4.75 | 4.57 |
| Dividend Payout % | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% | 0% |
| Compounded Sales Growth | |
|---|---|
| 10 Years: | 26% |
| 5 Years: | 11% |
| 3 Years: | 11% |
| TTM: | 1% |
| Compounded Profit Growth | |
|---|---|
| 10 Years: | 56% |
| 5 Years: | -10% |
| 3 Years: | -25% |
| TTM: | -19% |
| Stock Price CAGR | |
|---|---|
| 10 Years: | % |
| 5 Years: | 30% |
| 3 Years: | -6% |
| 1 Year: | -24% |
| Return on Equity | |
|---|---|
| 10 Years: | 12% |
| 5 Years: | 11% |
| 3 Years: | 5% |
| Last Year: | 7% |
Balance Sheet
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | Sep 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Equity Capital | 0.32 | 0.32 | 4 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 | 5 |
| Reserves | 3 | 3 | 2 | 7 | 9 | 11 | 15 | 21 | 27 | 28 | 30 | 32 | 34 |
| 0 | 0 | 9 | 12 | 13 | 7 | 19 | 20 | 23 | 34 | 35 | 40 | 41 | |
| 5 | 11 | 24 | 22 | 23 | 24 | 28 | 20 | 20 | 9 | 20 | 20 | 24 | |
| Total Liabilities | 9 | 15 | 39 | 46 | 51 | 48 | 68 | 67 | 76 | 76 | 91 | 98 | 104 |
| 3 | 3 | 3 | 4 | 5 | 6 | 19 | 22 | 26 | 29 | 31 | 35 | 36 | |
| CWIP | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| Investments | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 | 0 |
| 6 | 12 | 37 | 42 | 46 | 42 | 48 | 45 | 50 | 48 | 60 | 63 | 67 | |
| Total Assets | 9 | 15 | 39 | 46 | 51 | 48 | 68 | 67 | 76 | 76 | 91 | 98 | 104 |
Cash Flows
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| -1 | 1 | -10 | -6 | 3 | 8 | 3 | 4 | 4 | -5 | 6 | 6 | |
| 0 | -0 | 0 | -2 | -2 | -2 | -14 | -4 | -5 | -4 | -4 | -7 | |
| 0 | 0 | 10 | 7 | 0 | -7 | 11 | 0 | 1 | 9 | -2 | 2 | |
| Net Cash Flow | -1 | 1 | -0 | -0 | 1 | -1 | -1 | 1 | -0 | -0 | 1 | 0 |
| Free Cash Flow | -2 | 1 | -10 | -8 | 2 | 6 | -11 | 0 | -2 | -10 | 2 | -1 |
| CFO/OP | -4,767% | -2,240% | 1,198% | -1,832% | 102% | 288% | 76% | 82% | 59% | -144% | 105% | 88% |
Ratios
Standalone Figures in Rs. Crores / View Consolidated
| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2017 | Mar 2018 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | Mar 2025 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Debtor Days | 120 | 114 | 123 | 148 | 140 | 136 | 142 | 127 | 99 | 90 | 100 | 95 |
| Inventory Days | 30 | 157 | 68 | 25 | 14 | 36 | 54 | 60 | 77 | 82 | 64 | 59 |
| Days Payable | 156 | 311 | 140 | 103 | 85 | 115 | 139 | 88 | 75 | 27 | 52 | 51 |
| Cash Conversion Cycle | -6 | -40 | 51 | 70 | 69 | 57 | 57 | 98 | 101 | 145 | 112 | 103 |
| Working Capital Days | 18 | -17 | 12 | 31 | 28 | 40 | 32 | 36 | 29 | 16 | 10 | 7 |
| ROCE % | 6% | 2% | 7% | 11% | 18% | 18% | 22% | 21% | 19% | 5% | 9% | 9% |
Insights
In beta| Mar 2014 | Mar 2015 | Mar 2016 | Mar 2019 | Mar 2020 | Mar 2021 | Mar 2022 | Mar 2023 | Mar 2024 | |
|---|---|---|---|---|---|---|---|---|---|
| Number of Employees Count |
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| Number of Manufacturing Units Count |
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| Trade Receivables Turnover Ratio Ratio |
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| Installed capacity (MT / annum) - Narela Unit MT/annum |
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| Utilized Capacity (MT / annum) - Narela Unit MT/annum |
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Documents
Announcements
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Trading Window
28 March 2026 - Trading window closed from 01 Apr 2026 until 48 hours after audited FY ended 31 Mar 2026 results.
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Resignation
25 February 2026 - Mr. Danish Mehra resigns as Compliance Officer and Company Secretary; last working day 28 February 2026.
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Structural Digital Database
13 January 2026 - AVSL files SDD compliance certificate for quarter/year ended 31 Dec 2025; PCS attests capture of seven events.
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Quarterly Compliance Report on Corporate governance - within 21 days from the end of the quarter
8 January 2026 - AVSL: Regulation 27(2) corporate governance report not applicable for quarter ended 31-Dec-2025 due to NSE SME listing.
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Certificate under SEBI (Depositories and Participants) Regulations, 2018
8 January 2026 - Reg.74(5) non-applicable for AVSL Industries for quarter ended 31 Dec 2025; all shares in demat.
Business Overview:[1]
Company is a manufacturer, wholesale supplier and exporter of colored PVC Boards, Multiple Layer PVC Boards, PVC Foam Boards, rigid PVC sheets, WPC foam boards, WPC sheets, PVC Compound, HDPE/LDPE Compound, PVC Filler, and HDPE/LDPE Tape etc. and trading of agro based commodities viz. Rice, Wheat Flour, Pulses, Spices, Food Grains and Dry Fruit