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Avro India Ltd (AVROIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543512 NSE: AVROIND Plastic Products | Small Cap | Avro India Share Price

₹11.15 0.30 (2.76%)

As on 04-Jun'26 16:59

Avro India Ltd (AVROIND)

Share Analysis – Quality, Valuation Zone, Price Trend & DeciZen Rating BSE: 543512 NSE: AVROIND Plastic Products | Small Cap | Avro India Share Price

₹11.15 0.30 (2.76%)

As on 04-Jun'26 16:59

Key Metrics
Valuation Multiples
Market Cap
₹150 Cr.
Current Price
₹11.2
52-Week Low / High
₹10 / 20
TTM EPS
₹0.3
TTM Sales
₹91 Cr.
Book Value per Share
₹6.2
P/E Ratio
35.55
Lower than its 5-year historical median
Industry PE
39
Price to Book (P/B)
1.79
Lower than its 5-year historical median
Price to Sales (P/S)
1.64
Lower than its 5-year historical median
EV/EBITDA
14.53
Lower than its 5-year historical median
Dividend Yield
0.00%
Profitability Efficiency
Return on Equity (ROE)
6.19%
In line with industry median
Return on Capital Employed (ROCE)
8.21%
Underperforms industry median
Return on Assets (ROA)
3.50%
Operating Profit Margin
6.5%
Net Profit Margin
3.88%
Gross Profit Margin
10.3%
Growth Momentum
1-yr vs 3-yr growth
Sales Growth (1 Year)
Slowing versus 3-year growth rate
-16.12%
Operating Profit Growth (1 Year)
Slowing versus 3-year growth rate
-12.35%
Net Profit Growth (1 Year)
Slowing versus 3-year growth rate
-24.75%
Asset Quality
Promoter Holding
54.07%
Pledged shares (%) of Promoter's holding (%)
0.00%
Reserves
₹70 Cr.
Equity
₹13.4 Cr.
Face Value
₹1
All Time Low / High
₹7.46 / 23.04

Avro India stock performance

Key Ratios
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Check Before You Invest

Quality

Somewhat Good

Valuation

Undervalued

Price Trend

Weak
Q.1 Is Avro India Ltd a good quality company?
Avro India Ltd is a average quality company, based on a somewhat consistent multi-year financial track record.

This assessment is based on company’s performance on Revenue growth, ROCE, Equity and Assets, key margin ratios, cash conversion cycle, and debt to cash flow from operations and how it compares with its long term averages.

We have analysed the performance of the company on the following:

  • How has it performed on generating Profits?

    By checking its Revenue growth, Gross, Operating and Net Margins compared to its last 5-year median.

  • How efficiently has it utilized Capital?

    By checking its ROCE, ROA, ROE and its Cash Conversion Cycle.

  • How is it managing its Debt?

    By checking its Debt to Equity and Cash Flow from Operations.

How does Avro India Ltd performance compare with that of its Peers?
Q.1 Revenue growth of Avro India Ltd vs industry peers?
Avro India Ltd revenue CAGR is 12.19%, compared to the industry median CAGR of 4.71%, indicating faster growth and gaining its market share.
Q.1 Promoter shareholding and pledge status of Avro India Ltd?
Promoters hold 54.07% of the Avro India Ltd, with 0.00% of their stake pledged, indicating no pledge risk.
Q.1 Stock return of Avro India Ltd over the last decade?
Over the last 5 year(s), the stock has delivered a CAGR of -22.46% based on the current price.

10 Year X-Ray :

Analysis of Financial Track Record (Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end)

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end

Data adjusted to bonus, split, extra-ordinary income, rights issue and change in financial year end.

Financial track record gives insight into the company's performance on key parameters over the past ten years. MoneyWorks4me’s proprietary colour codes make it easy for retail investors to gauge the company’s past performance.
Avro India Ltd has performed well in some of the past ten years indicating its past ten year financial track record is somewhat good

Value Creation

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
ROCE % 8.4%8.2%22.1%17.4%13.7%18.9%23%25.9%20.6%8.2%-
Value Creation
Index
-0.4-0.40.60.20.00.40.60.90.5-0.4-

Growth Parameters

Sales 9.913.826.949.144.153.364.78093.478.391
Sales YoY Gr.-38.9%95%82.5%-10.2%20.9%21.5%23.6%16.7%-16.1%-
Adj EPS 000.10.10.10.20.30.40.40.20.3
YoY Gr.-NA450%-9.1%10%54.6%70.6%37.9%-5%-36.8%-
BVPS (₹) 0.40.40.50.911.11.41.92.35.76.2
Adj Net
Profit
00.10.811.11.734.13.83.24
Cash Flow from Ops. 1.41.92.5-2.12.20.1-0.62.86.1-2.3-
Debt/CF from Ops. 2.821.3-1.71.255.8-13.24.12.6-8.6-

CAGR

9 Years 5 Years 3 Years 1 Years
Sales 25.8%12.2%6.6%-16.1%
Adj EPS NA16.9%-6.1%-36.8%
BVPS36.3%41.5%58%152.4%
Share Price - -21.7% -5.5% -39.9%

Key Financial Parameters

Mar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25TTM
Return on
Equity %
1.35.117.610.78.611.115.417.814.25.55.2
Op. Profit
Mgn %
12.210.49.75.96.27.187.96.36.53.5
Net Profit
Mgn %
0.313.12.12.53.24.65.14.144.6
Debt to
Equity
1.51.50.90.40.30.40.50.60.70.30.1
Working Cap
Days
13312293709183108116116187107
Cash Conv.
Cycle
72412630535771787711550

Profit And Loss

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Sales10142749445365809378
Operating Expenses + 9122446414960748873
Manufacturing Costs22222311101312
Material Costs7102040364344586749
Employee Cost 0001111113
Other Costs 0023233469
Operating Profit 1133345665
Operating Profit Margin (%) 12.2%10.4%9.7%5.9%6.2%7.1%8.0%7.8%6.2%6.5%
Other Income + 0000000245
Exceptional Items 000-000000-0
Interest 0000000112
Depreciation 1111111234
Profit Before Tax 0011124664
Tax 0001011221
Profit After Tax 0011123443
PAT Margin (%) 0.6%1.0%3.2%1.7%2.6%3.3%4.6%5.2%4.3%3.9%
Adjusted EPS (₹)0.00.00.10.10.10.20.30.40.40.2
Dividend Payout Ratio (%)0%0%0%0%0%0%0%0%0%0%

Valuation of Avro India - Standalone

YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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YTD 1Y 3Y 5Y 10Y Max
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Analyst's Notes

data not found
No data found!

Balance Sheet

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25

Equity and Liabilities

Shareholders Fund + 33712131821252982
Share Capital 22233310101013
Reserves 1149101411151969
Debt +4433247111518
Long Term Debt2211111346
Short Term Debt222213681013
Minority Interest0000000000
Trade Payables1343328479
Others Liabilities 0111112359
Total Liabilities 81016202025384256118

Fixed Assets

Net Fixed Assets +448881012152025
Gross Block781314151221243240
Accumulated Depreciation3456719101216
CWIP 0000000013
Investments 0000010112
Inventories22211256715
Trade Receivables235881119172124
Cash Equivalents 00010001042
Others Assets 1112111368
Total Assets 81016202025384256118

Cash Flow

(All Figures are in Crores.)
PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Cash Flow From Operating Activity + 123-220-136-2
PBT 0012124664
Adjustment 1111222346
Changes in Working Capital 000-4-1-3-6-4-2-11
Tax Paid -0-0-0-0-0-1-1-2-2-1
Cash Flow From Investing Activity + -1-1-2-2-1-1-2-6-9-24
Capex -1-1-2-2-1-1-3-5-9-11
Net Investments 000-0-0-00-10-13
Others 0000000000
Cash Flow From Financing Activity + -0-0-14-1133356
Net Proceeds from Shares 00050000050
Net Proceeds from Borrowing -0-0-0-0-0-01222
Interest Paid -0-0-0-0-0-0-0-1-1-2
Dividend Paid 0000000000
Others 10-00-123226
Net Cash Flow -0000-0000-030

Financial Ratio

PARTICULARSMar'16Mar'17Mar'18Mar'19Mar'20Mar'21Mar'22Mar'23Mar'24Mar'25
Ratios
ROE (%)2.165.1727.3513.7111.9816.2222.8925.0419.546.19
ROCE (%)8.48.2222.0817.3613.7318.8722.9925.9420.568.21
Asset Turnover Ratio1.51.72.082.742.222.392.061.991.90.9
PAT to CFO Conversion(x)N/AN/A3-220-0.330.751.5-0.67
Working Capital Days
Receivable Days48.5058.7057.3049.8067.5064.808380.5072.90102.90
Inventory Days49.3036.9021.2010.8011.5010.701926.1025.9050.90
Payable Days35.2073.2067.4035.1030.7021.9042.1036.4029.4058.90

Management X-Ray

Shareholding Pattern

Promoter's Holding & Share Pledging

Pledged *0.000.000.000.000.000.000.000.000.000.00
* Pledged shares as % of Promoter's holding (%)

Top 5 Mutual Funds Holding

Last Visited Stocks

Announcements

Avro India Ltd FAQs

The current trading price of Avro India on 04-Jun-2026 16:59 is ₹11.15.

Market capitalization or market cap is determined by multiplying the current market price of a company's shares with the total number of shares outstanding. As of 03-Jun-2026 the market cap of Avro India stood at ₹149.6 Cr

The latest P/E ratio of Avro India as of 03-Jun-2026 is 35.55.

The latest P/B ratio of Avro India as of 03-Jun-2026 is 1.79.

The 52-week high of Avro India is ₹19.80 and the 52-week low is ₹9.95.

The TTM revenue is Trailing Twelve Months sales. The TTM revenue/sales of Avro India is ₹90.99 ( Cr.) .

Past 10 year's financial track record analysis by Moneyworks4me indicates that Avro India Ltd is a average quality company.

The key valuation ratios of Avro India Ltd's currently when compared to its past seem to suggest it is in the Undervalued zone.

The Price Trend analysis by MoneyWorks4Me indicates it is Weak which suggest that the price of Avro India Ltd is likely to Fall in the short term. However, please check the rating on Quality and Valuation before investing.

About Avro India Ltd

Avro India (formerly known as Avon Moldplast) is a Plastic Molded Furniture manufacturing unit based at Ghaziabad since 2002 with PAN INDIA presence Manufacturing in the Brand Name of AVRO & AVON and having one of the largest product range offering 3 years guarantee on selected products manufactured with imported machines and molds in highly automatic environment and following global quality standards. Its major advantage is highly cost effective price which is cheaper than national/known brands due to low overhead costs and volumes produced at Ghaziabad.

The company’s products are available offline and online through AMAZON, FLIPKART, MEESHO, JIOMART, INDIAMART and GeM and with many retailers across India supported by a Team of Distributors, sales and marketing professionals. The company’s products are widely accepted in Auditoriums, Schools, Colleges, Dhaba, Restaurants, Hotels, Homes, Gardens for both indoor and outdoor use with absolute reliability of All Weather Proof conditions & long lasting for decades thus making its products most versatile and reliable. 

Its Brand AVRO stands out as a pioneer in the Indian furniture landscape, leveraging decades of expertise, a robust manufacturing base, and a strong commitment to quality and innovation to deliver value-added products that cater to the evolving needs of consumers across the country. The company is listed on NSE and BSE. 

Business area of the company

The company is primarily engaged in the manufacturing and selling of plastic moulded furniture and granules. It has established brand names including ‘Avon Furniture’ and ‘Avro Furniture’ among others. The company's products are distributed through both online and offline channels, with a network of retailers across India and major distributors concentrated in the state of Uttar Pradesh.

Products

  • Chairs
  • Tables
  • Stools
  • Dinning Table
  • Plastic Cabinet/Almirah
  • Shoe Rack

Milestones

  • 1996: Incorporated as Private Limited Company under the Companies Act, 1956 in the name of ‘Nira Investments Private Limited’.
  • 2002: Company renamed to 'Avon Mold Plast Private Limited'
  • 2003: Manufacturing Facility At Ghaziabad, UP
  • 2018: Listed on NSE Emerge as public limited company
  • 2019: Company name changed to AVRO India Limited Online Presence on various platforms like Amazon, Flipkart, etc.
  • 2021: German Standard ISO TUV SUD, New Moulds, New Machinery
  • 2022: Migrated to the Main Board of NSE & BSE Ltd, Entered into Circular economy, Set up of plastic waste recycling unit
  • 2023: Increase in capacity of Plastic Furniture.
  • 2024: Increase in capacity of Plastic Furniture.
  • 2025: Increase in Installed Capacity of Recycling of Plastic Scrap from 500 MT per month to 1000 MT per month.

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